Condominiums Ratings and Updates

Condominium properties in Makati CBD escalated by 5.3% since January this year. Last year, a 9.9%  escalation was reported for the same time period. Full-year rental rate increase is expected to temper to 10% compared with the 15% last year due to mounting supply pressure.

Among the residential market, Rockwell proves to lead the pack as its unit’s rents appreciated by 4.4% YTD. It is expected to have continuous growth YoY by as much as 10%.

The Fort’s condominium units had a 2% increase. Full year increase in the rental rates should slow to 4% due to influx of new supply and alternatives.