Investing in a Condo? Get the Best Rental Yield Out of These Projects

Published: March 23, 2017 | Updated: April 15, 2020 | Posted by: Kyle Kam | Personal Finance


Condos in Manila with Highest Rental Yields
Note: This article is a guest post from Zipmatch.com, an online real estate marketplace in the Philippines that aims to empower home ownership.

What makes a condo, townhouse, or house and lot for sale in the Philippines a good investment? Any real estate broker or agent will tell you that a good investment property is the one that offers a high rental return, in the shortest possible time period.

In this article, we will discuss how to compare the best properties in Metro Manila using the rental yield concept. By definition, rental yield is how much rental income a condo, townhouse, or house and lot produces each year as a percentage of that property’s value. The formula is as follows:

Rental Yield = Annual rental income/Property Value

Now, why should you determine the rental yield for a specific property? This is because rental yield helps you determine how fast you can recover your investment in that specific property. A higher rental yield means that you can recover your investment in the property faster and generate more profit after it has been paid off.

The Data Science Team at ZipMatch took a look at the most investment worthy properties in Metro Manila in terms of rental yield. In the next paragraphs, we demonstrate how we use rental yield as one of the factors to rank which properties in Metro Manila are worth your investment. The Data Science team evaluated one year’s worth of sale and rental listing data on ZipMatch.com to get an estimated average of rental yields for projects in top cities within Metro Manila.

In the next image, we highlight the top condo, townhouse or house and lot units in Metro Manila with the highest rental yield.
zipmatch table header

CityProjectDistrictDeveloperRental Yield
Quezon CityOlympic HeightsEastwood CityMegaworld8.95%
Quezon CityVictoria Station 1DilimanNew San Jose Builders Inc.8.78%
Quezon CityThe Avenue Residences8.73%
Quezon CityTrees ResidencesSMDC8.64%
Quezon CityGrass ResidencesSMDC8.57%
Pasig CityHampton GardensMaybungaDynamic Realty & Resources Corporation10.29%
Pasig CityEast Raya GardensSan MiguelDMCI9.75%
Pasig CityThe Pearl PlaceOrtigas CenterRobinsons Land9.50%
Pasig CityGoldland Millenia TowerOrtigas CenterGoldland Properties9.38%
Pasig CityThe Prime CondominiumKapitolyoAlmayo Ventures Construction and Development Corporation9.37%
ManilaAlpha Grandview CondominiumMalateKSY Land Development Corporation9.58%
ManilaThe Grand TowersTaft AvenueMoldex Realty Incorporated9.23%
Manila8 AdriaticoMalateEton Properties Philippines, Inc.9.15%
ManilaThree Adriatico PlaceMalateRobinsons Land8.43%
ManilaSorrel ResidencesSta. MesaDMCI7.06%
Makati CityCityland Pasong TamoCityland Development Corporation11.78%
Makati CityMakati Prime Tower SuitesBel Air Village10.76%
Makati CityBelton PlaceSan Antonio VillageEton10.46%
Makati CityThe Palm Towers10.21%
Makati CityCityland Makati Executive TowersCityland Development Corporation10.00%
Taguig CityCypress TowersDMCI9.77%
Taguig CityRidgewood TowersC5 Mansions Development Corporation9.38%
Taguig CityIcon PlazaFort Bonifacio Global CityXcell Property Ventures Inc.9.08%
Taguig CitySapphire ResidencesFort Bonifacio Global CityG & W Architects8.44%
Taguig CityFort Palm SpringFort Bonifacio Global CityFirst Global BYO Corporation8.28%
Paranaque CityAvida Towers SucatAvida9.26%
Paranaque CityAzure Urban Resort ResidencesCentury Properties8.76%
Paranaque CitySiena Park ResidencesBicutanDMCI8.64%
Paranaque CityRaya GardensDMCI8.52%
Paranaque CityChateau ElyseeSMDC8.23%
MandaluyongCalifornia Garden SquareEmpire East10.43%
MandaluyongDansalan GardensMalamigDMCI10.21%
MandaluyongGateway RegencyRobinsons Land9.47%
MandaluyongTivoli Garden ResidencesHuloDMCI8.64%
MandaluyongPines Peak TowerBrgy. BarangkaCityland Development Corporation8.48%
Pasay City150 Newport BoulevardNewport CityMegaworld10.10%
Pasay CityShell ResidencesSMDC9.38%
Pasay CityBay Garden Club and ResidencesFederal Land Inc.7.66%
Pasay CitySea ResidencesSMDC7.24%
Pasay CityParkside VillasNewport CityMegaworld7.09%


Overall, real estate in the Philippines have good rental yield at an average of 6-7%. That’s a good range compared to its neighboring countries in SE Asia. India, for example, has an average of 2-3% rental yield. Based on data found in ZipMatch.com, rental yields for the best properties in key Metro Manila cities go no lower than 7% and can go as high as 11.78%.

Makati City properties lead the rankings with the highest yield, which came as no surprise. Cityland Pasong Tamo (11.78%), Makati Prime Tower Suites (10.76%), and Belton Place (10.46%) prove that a piece of real estate in the Philippines’ financial center will yield the best return on investment.

Interestingly, there are affordable properties in underrated Metro Manila locations with notably high rental yields– Hampton Gardens in Maybunga, Pasig (10.29%), California Garden Square (10.43%) and Dansalan Gardens (10.21%), which are both in Mandaluyong. If you’re really curious as to why they have high rental yield rates, you can take a look at their neighborhoods, the amenities, facilities, or privileges tenants have access at these properties, affordability, unit cuts, and property appreciation rates in their neighborhoods.

Final Thoughts

Computing rental yield for a specific property and comparing it to your other prospective ones can certainly help you determine which is a good investment.

On the other hand, go beyond comparing rental yields if you happen to have two prospective properties (or more) that you really can’t make a decision on. Run the numbers and determine the implications of investing in a property that’s located in a specific neighborhood, have these numbers, and type of amenities.

Don’t forget to also run the financial and tax implications, including whether you can afford it well after you purchased the property. Sure, a Makati property will always yield the best return, but if you’re under a limited budget, you can always be creative by looking at below-the-radar locations for affordable properties that will give you a maximum return on investment.

About the Author:

rizza sta ana zipmatch

Rizza Sta. Ana is a guest contributor from ZipMatch.com, a real estate marketplace for home seekers and property sellers.