What is a reasonable rental price for a Condo in Manila, Philippines?

Question

What is a rental price for a one bedroom fully furnished condo?

What is a rental price for a two bedroom fully furnished condo?

Answer 1

Lease rates of condo per month:

Size (sqm)/ Lease Range (PhP)/ Average (PhP)

Legaspi Village

1 Bedroom 40 - 80 / 60,000-80,000 / 70,000

2 Bedroom 110 - 150/  85,000-140,000 / 100,000

3 Bedroom 150 - 250 / 100,000-180,000 / 125,000

Salcedo Village

1 Bedroom 40 - 80 / 40,000-60,000 / 50,000

2 Bedroom 110 - 150 / 80,000-120,000 / 100,000

3 Bedroom 150 - 250 / 90,000-150,000 / 120,000

Apartment Ridge

1 Bedroom 77– 122 / 40,000-60,000 / 50,000

2 Bedroom 122 - 160 / 80,000-120,000 / 100,000

3 Bedroom 265 - 285 / 90,000-150,000 / 130,000

Rockwell Center

1 Bedroom 75-85/ 70,000-85,000 / 80,000

2 Bedroom 125-157 / 100,000-130,000 / 115,000

3 Bedroom 197-247 / 145,000-180,000 / 160,000

Bonifacio Global City

1 Bedroom 50-76 / 65,000-85,000 / 70,000

2 Bedroom 93-157 / 80,000-130,000 / 105,000

3 Bedroom 140-306 / 130,000-200,000 / 165,000

The following are the most important features of

residential tenancy in the Philippine real estate

market:

Condo Classifications: Luxury, A, B, & C.

Lease Term

Typically 1 year. Most landlords do not accept a

lease term of less than a year.

Rental Deposit

Two months gross rental as a security deposit.

Rental Payment

One year of rent is normally paid up front but this

is negotiable in some instances depending on

how flexible the landlord is.

Gross Rent

Inclusive of maintenance charges. Gross rent is

usually broken up into rental of premises, common

area maintenance dues/service or maintenance

charge, & Value Added Tax (VAT).

Stamp Duty

Stamp duty is paid on a lease agreement and the

landlord is normally responsible for the payment

of stamp duty.

VAT Taxes

12% of gross sale or lease price on the property.

Normally, landlords are VAT-registered and pass

on the tax liability to their tenants.

Furnishings

Luxury housing landlords usually offer their

premises for rent unfurnished. Tenants can expect

condominium units to be either semi-furnished or furnished

Answer 2

hmm.

idk they go buy pesos soo in american money.

not that much probably.

Answer 3

15,000 pesos per month for a studio unit to a high of 50,000 per month for a two bedroom unit.

Answer 4

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