Quezon City, the largest city in Metro Manila, continues to be a focal point for real estate activity, offering a diverse range of residential and commercial properties. Understanding the current market trends is essential for potential buyers, renters, and investors.
Current Market Overview
As of recent data, Quezon City boasts approximately 842 active property listings, with 779 properties for sale and 63 available for rent. The average price per square meter stands at ₱166,000, reflecting a significant premium over the Bureau of Internal Revenue’s (BIR) zonal value of ₱27,000 per square meter. Sale prices range from ₱2.8 million to ₱188 million, with a median price of ₱13 million. Rental properties average ₱128,000 per month, indicating a gross yield of approximately 11.9%.
Property Types and Pricing
The Quezon City real estate market offers a variety of property types to cater to different preferences and budgets:
- Condominiums: Median price of ₱2.9 million.
- Houses and Lots: Median price of ₱40 million.
- Townhouses: Median price of ₱20 million.
- Land: Median price of ₱67 million.
- Commercial Properties: Median price of ₱235 million.
- Office Spaces: Median price of ₱42 million.
- Warehouses: Median price of ₱130 million.
Emerging Developments
Several new developments are contributing to the city’s growth:
- Primehomes Capitol Hills: Located in Capitol Hills, this development offers sustainable mid-rise residential communities with abundant green spaces and smart home innovations.
- Congressional Town Center: A mixed-use township project along Congressional Avenue, featuring multiple towers with ready-for-occupancy and pre-selling units.
- Suntrust Amadea: A mixed-use project in Quezon City, scheduled for completion in October 2026, offering a range of residential units.
- The Junction Place by Amaia Land: A resort-themed residential estate in Novaliches, comprising five buildings with a total of 510 units, set for completion in 2026.
Conclusion
Quezon City’s real estate market remains vibrant, with a wide array of properties and developments catering to various needs. Staying informed about market trends and emerging projects is crucial for making well-informed decisions in this dynamic landscape.