What Does $1,000 Rent Get You in Manila, Philippines?
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- เผยแพร่เมื่อ 23 ก.ค. 2024
- With such absurd real estate inflation in the West, you may be curious as to how much value you can get in the Philippines with your money. That is why in today’s video we’re taking a peek into ten condo units to get an idea of what $1,000 per month rent gets you in the city of Manila. Enjoy and God Bless!
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Timestamps:
0:00 What Does $1,000 Rent Get You in Manila, Philippines?
0:20 Condo #1: Studio at Greenbelt Hamilton in Makati
1:47 Condo #2: Two Bedroom at One Central Park in Eastwood City
3:08 Condo #3: Mckinley Park Residences in BGC
4:23 Condo #4: Two Bedroom at Sapphire Residences in BGC
5:15 Condo #5: The Residences at Commonwealth in Quezon City
6:31 Condo #6: One Bedroom at The Meranti at Two Serendra in BGC
7:36 Condo #7: One Bedroom at Skyway Twin Tower in Pasig City
8:24 Condo #8: One Bedroom at The Grove By Rockwell in Pasig City
9:23 Condo #9: Two Bedroom Unit at Brio Tower in Makati
10:29 Condo #10: Three Bedroom Unit at Sarasota Residential Resort in Pasay City
11:59 God Bless
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Tags:
Condos in Manila Philippines, Cost of Living in Manila Philippines, Cost of Living in The Philippines, Philippines Expenses, Philippines Budget, Philippine Real Estate, Philippine Property, Philippines,
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Business Inquiries: evan@thesavvyexpat.com
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What type of property videos do you want to see next? Let me know down below.
I'd like to see houses in the provinces, no way I would live in the city
realistic property sales in makati
I would love you to make a video on the steps to safely purchase a lot of land. Do you need a lawyer? How do you check if a deed is valid? We would like to purchase directly from a land owner, but want to make sure we don't get scammed. Please educate us on the safest process to purchase land (buyer will be a PH citizen). Salamat po!
I like to see some of the concentrated expats communities throughout the Philippines.
This is a really good video. Straight to the point. No beating the bush
For a large international city, these rent prices are great.
I own. So that takes care of that.
With owning and not renting. I can live really well for 2,500- 2 700,Dollars monthly
Thanks for this awesome information. You’re doing a great job. Much appreciated!
Great job man! Thanks for the videos and info.
Nice selection, thank you.
One thing for viewers to remember is that these are asking prices, often more negotiable/flexible than in other parts of the world. I've heard a lot of stories - both from tenants and renters - where the final rental agreement was 50-70% of the advertised asking price (compare that to Toronto, where tenants are currently in bidding wars, offering above asking prices on rentals).
Thank you Evan! I love the updates as you keep us updated on various costs of living in some very nice areas. There are a lot of channels that cover the more provincial areas, and we know we can live a more rural lifestyle with lower costs, but it comes with some trade offs. TBH, you can have both a city and province living location and still save money in comparison to the US. Keep those great videos coming!
Great Review! Thanks for the info😎
Great video! I always look forward to your content and share to friends and family who are considering moving here. 😊
Really nice choices. Thank you Evan for sharing them!
Well done, well explained, very informative!
Greetings! Nice video and nice apartments. Thank you always for your time and work putting this together for us. You are doing a great job and I always am waiting for the next video. 😁
Young man Prince: That was the best representation I have seen in the Manila area. Having been stationed at Clark Air Base, Philippines way back in the day as US Air Force Security Police. I was so accustomed to not wanting to move to Manila. Now, I can give it a second thought. Really contemplating long term stay of at least 1 year to 3 years. Or possible retirement there. Getting close to my retirement years. This video is great for thought. Thank you for educating us. Oh by the way, my days of living in the dorm in the military room space was usually 250 square feet. So, all including the first property is enormous to me. GOD speed in the Philippines.
Love the concept! Incredibly good videos ❤
This was helpful!
Evan, good info and video.....FYI: it looks like some of the audio and the pics are not all in sync.
Thank you for your very professional and informative videos. Entertaining and educational, well done! Keep up the awesome work to support your global audience. Best wishes and Blessings
I really appreciate the kind words, thank you.
Great job as always! Are all utilities included at these prices? Thanks
Scanning property websites only gives half the story. Prospective tenants also need to know about environmental noise, shopping facilities and proximity to mass-transit stations. USD 1000 = PHP 55,600 today.
Fluctuations in the exchange rate are a fact of life that all expats have to deal with. We are happy when it is over 50 (to the US$) and less happy when below 50. Most of us (including my Filipina wife) stick to an exchange rate of 50 to keep the conversations simple and Sinsuat
Mass transit rail beats the stinkin' jeepneys ... especially for 'tall' foreigners! Avoid rush hours though.
I know it's more work but take a personal tour for us would be really nice. You can show off all the facilities that come with the property and maybe any near by shops/restaurants. Take your camera out and give us a journey.
They all seem like nice places. They might seem small for American standard, but they are fine for Philippine standard.
Have you made a video about the renting application process? Is it much different than the US?
I lived in a 3 bedroom place in Mckinley Place back in 08. Great location across from High Street... Emelda actually owned the top floor. Our company was paying around $4k for the place... dope ass spot! BGC is the ONLY area I would live in...
Excellent review of condos in the Manila area. The one I like the best was #9 (2 bedroom, 1 bath, 58 sq meters) $800/month with a great kitchen with oven and a washing machine and balcony and located in Makati.
An interesting video, but why focus on Manila/Metro Manila? My family and I live in Antipolo, Rizal Province which, apart from being only 90 minutes from Manila, provides a fresh, unpolluted environment, with houses at affordable rents. It is at a fairly high altitude so the climate is temperate and enjoyable to live in. We own numerous properties and, for example, we rent out one of them, a four bedroom/two bathroom with a garden to a a family for 25,000 pp pcm. It is within easy commuting distance of Manila and the city provides all the amenities one would wish for.
He lives in the area and focusing on Manila appeals to many expats who would still like the conveniences of the west or at least to start with.
Nice Job Evan. Maybe you can provide some more info such as: deposit required, Lease expected, and is water there drinkable, etc... thanks for your good work. Thumbs up.
Good job !!!
Thank you - very nice.
Tanks Nice informasjon
Great video. I guess no utilities (electricity, internet, water, etc.) are included in those units? Also, I think you promised to do something like this for Angeles City 🙂
Thanks for giving us a tour. Not so bad for being in the big city. I prefer the country side but it is always good to know what is what. I’m wondering if these are owned by expats. I’ve heard some expats will give a break to other qualified expats because they are more comfortable and less worried about getting paid.
Hello pare Evan, those places you showed are nice places something I wouldn't mind renting at. Maybe you could do a vlog on golf course properties like "Manila Golf and Country Club" and "Wack Wack Country Club" which is supposed to be one of the most exclusive country clubs in PH and than you can compare them with lower budget course homes like Alabang Country club and cheaper ones you can rank them too.
Next video idea: Pros and cons of living in Makati vs BGC.
I like that idea. I love living in Makati. My friends seem to love living in BGC better. They moved out of Makati.
I think you need to actually live in both to know the difference. I like living in makati more because the japanese community and korean community is very strong here. Many whites I know prefer BGC because more western amenities in general. I also like living with a variety of income earners. Makati is more diverse.
"Nice little apartment you've got there! Can't help but be nostalgic for the times when I wasn't throwing rooftop parties every weekend. Simplicity has its charm. All the best from someone who's seen it all in Asia!
I would rather have a home in the Providence. Don’t like high rise . I stayed at Shell in Pasay the last time I was there. It was convenient, just 5-6 minute walk to MOA. 😊
Thanks Evan. Great presentation. Just wondering if you have a PH real estate license, I would be more than happy to buy from you as you seem to be a really trustworthy guy.
I lived in a Condo in Bangkok, Thailand and the big problem I had there was the slow internet speeds. Condos could only get a maximum of 50 MBPS download speeds. After I moved to house in Chiang Mai I now could get 1000 MBPS (Megabit Per Second) download speeds. What is the max. download speed internet speeds could I get in these condos if I was willing to pay for it?
Idea for future episode: same but for houses, not condos.
We want to see Ridgewood towers 1,2,3 & Ridgewood Premier in Taguig near SM Aura. Opposite MC kinley hills.
Hi Evan 😊
Pulu Amsic down in Pampanga, Myself, and 3 other retirees Dads. are looking for houses so our college kids can keep their comfort levels when on break from college.
May i have the link you used for these rental units?
At 1:36 he states the condo is equipped with a 'single door refrigerator'. The video clearly shows there is a top and bottom door.
Are all the units furnished like the photos?
Enjoy these but try to mention or show the screen where amenities are listed. Important to know if gym/pool/condo fees/game room or anything else is included.
in Cebu City you can rent a studio unit condo for 16.000.00 pesos a month, with complete amenities ofcourse.
Lol I think you meant Victorian era design in the second condo.
The prices, is that for long term rent? Cheaper if i rent long time? Yes/no?
new subs here mabuhay.
If you get a chance could you check the luxe residences in BGC. I’m thinking of renting there.
7:09 that door looking pretty scary.
Holy crap! I like Manila, but these prices are insane for what they offer. Bangkok offers way way better condos for half the price or even less.
stay in bangkok than those prices in manila is average
I guess the difference really is that bangkok gives lower amortization… if i could buy a condo there and place it here i would! Haha… however, the demand is bigger in the phils due to higher volume of people in one place.. also there are alot of chinese employees here working for casinos and pogos buying properties or renting. Also a lot of students from provinces and international wanting to rent in the city… also employee… outside these places… things are way cheaper. Metro mnila has the most over inflated prices for everything in the phils. Outside that… prices get chopped in half or more.. for everything! Las pinas that is also part of metro manila has half those prices… for two bedrooms…
@@rubycebreros2330 For me I dont really care for thailand it doesnt vibe with me as being from hawaii we have every ethnicity here but the majority asian population here is filipino. We are second after california for highest kababayan population outside of PH.
I dealt with thais not my cup of tea but filipinas yeah they are very friendly and the culture and vibe is in line with my personality and interests.
My perception is that many kanos that go to thailand or other south east asian countries are mongers if they don't have any business there.
I avoid mongers and bar hoppers
@@roninbushito yeah i guess so… the real estate is cheaper there but i prefer philippines very much…
U can't compare Bangkok to Bgc and Makati.. Those twos are business district.. Not a BangCock
I’m thinking of renting my condo in McKinley west for $1200/month 35 sq ft 1 bedroom 5th floor pool view it will be nicely interiored fully furnished. Do you think that’s a good price?
What do you see in Pasay city furnished for 20,000 pasos
Why don't you do an episode in Greenfields in Mandaluyong? You have SoHo, Zitan, and St. Francis.
Hi Evan, love your videos for the accurate information and your delivery is clear and enjoyable, however why is there at least 2other "Savvy Expats" are you all related or you the original and only, slightly confused about that as you are the GOLD medal winner
Didn't know that there were other Savvy Expats out there 😂
May i know the website you use to check these rental properties pls
I use dotproperty, rentpad, and lamundi
None of these units meet my simple requirements of having split-type aircon and some decent furniture. It’s crazy that the cheapest units in Ho Chi Minh city or Da Nang in Vietnam, at $300/month provide stylish furnishings, hot water in both shower and sinks, split-type aircon and big screen smart TV.
I’m looking to move from Cebu to Manila. I pay 27,000php here in Cebu, 500 meters from Ayala Center (best mall here) and I’ve got split-type aircon, a very nicely appointed unit, a great fitness center and a rooftop pool.
Shouldn’t I expect that much for twice the price in Manila?
Most of these rentals units are old that window type aircon built probably in early 2000s to mid 2000 .. The new ones are occupied or not for rentals..
@@packohub1145 I need only one. Lol
I noticed that most units don’t have a dryer. Do people just hang the clothes or is there a shared dryer facility?
Phils is hot. No need for dryer. If u leave it inside ur unit near a window. It will dry
Dryers (and dishwashers) are not popular in the Philippines. Drives me a little crazy.
@@julianscarfe8556 i guess because the water is hot so people never really needed a dishwasher. If the water is cold, washing plates is a big chore. Otherwise, its kinda relaxing and makes u meditate for a while.
@@rubycebreros2330 of course it's a luxury time-saving device and domestic help is more common in the PH. If you have a maid, the value proposition is different.
Can you negotiate the monthly rent if you do a lease for 6-12 months?
Yes, it depends on the landlord
I would take the first one for myself.
Can you drink the water in these condos, or do you need filtered water?
need filtered
Where do you dry your clothes?
Thank you for your efforts.
But you picked the nicest place at the absolute best location..
I'm not interested in that at the high costs..
I'm interested in a very good in town close to everything but in the $500 range for a studio or 1 bedroom.
That way.
I'll still be close to everything at a nice and safe place but save $500 a month doing so..
I would rather have that $500 extra dollars by giving up the best of the best condo /area/located to take little just a safe and nice condo in the city area.
.
I think most would like to see what $500 gives a single person..
Please do a video on that.
Thank you
Greg
Those are average places in manila, Do you have any idea what the market value is there? What he showed is not the nicest places at the best location. Do your research before making comments like that
you are just reviewing pictures? I thought you actually visited the apartment and included a review around the area directly like walking from the entrance to the nearest store, barber etc
So what would be the closest to that area for a price around of around $300 to $350 if any? If so how far away if any.?
These prices are heavily inflated, I live in a nicer neighborhood with prices P10,000 lower and negotiate down from there.
@@ronj6038 that’s around $200 is is a western living nice place? How far from to Makati?
@@charlesscinta7377 General Trias, you can check out "The Philippines Info Channel" where several of these smaller apartments are featured. New, unfurnished units for P5,000 - P7,000/Mo. Please make sure you understand what "unfurnished" means here vs. other countries.
@@ronj6038 thanks will do 🙏🙏🙏
None of them are worth moving into.
I saw only 1 Bidet.
There was almost no adequate storage in any of the places listed.
Most of the kitchens were lacking.
If you want 1k a month (50K) peso I would expect a little color coordination with the decor/ walls.
A couple things that are annoying about landlords in the Philippines. They have no problem renting you a place that needs some maintenance.
Here are a couple things to check.
Make sure all the door open and have handles on both sides.
Make sure the latches on windows don't fall apart when you open them.
Make sure doors and walls don't have any holes in them before you move in.
Turn on the water in the showers, sinks, and Bidets. Make sure there is water pressure and no leaks.
Make sure lights plug in/ Turn on and are missing no electrical adapters.
Use a cell phone light (because it's strong) and flip the cushions on the couches and love seats. Do the same to the bed.
Be wary of plastic furniture. It will not support an adult it is for kids, but it is common here in the Philippines. It is easy to break and uncomfortable to sit in.
Make sure when you have the talk with the landlord to let them know your tenancy to their condo/apartment/house is contingent on the maintenance issues being resolved before you move in.
After you meet the landlord to view their condo go to the front desk and ask them if anyone is renting a room. They will work with you to set up appointments and get your number out there to people who are renting units.
These are just a few things I have learned the hard way.
As a bonus.
If you think the 150k peso you give your landlord will give them enough peso to take care of the issues in your condo after you move in. Your right, it will be enough to fix everything.
But they won't necessarily fix anything.
In my last condo I paid 181k to move in. I let them know there was pre-existing damage. (A hole in the bathroom door. A window hinge in the bedroom that fell into 3 parts when we opened it. And the patio glass door had no handle on the outside.
They advised me they would get it fixed.
Here we are almost 30 days later, and no one has even come to look at the issues.
Take care and be safe.
Wow must be nice to just pay just $1K a month on those nice apartments. $1K gets you a dog house here in downtown San Diego. The cheapest here is $1,500...and that's a tiny 285 sq ft studio apartment.
Can U do on dental implants I would come to winter over dollar cost what I C $2000 to 4000 Thals
I have been told the crime is high
Is that true?
As a person who lives in the Midwest, that's cheap.
Right?
Nice brother !!! When I get there maybe you can help me find a nice spot. 😎 maybe I can employ you to help me.
Does the rental price include electricity, cable, internet, etc?
No that's always separate. you will also have an association fee
0:25 that is sm megamall in mandaluyong, not makati hahahaha
In Los Angeles $1000 can get you a tiny run down box of an apartment in the ghetto.
Not gonna lie but number 8 and number 10 look really worth the price. The rest does not but I can kinda understand given location.
Only number 3 had noodles approved shower head 😆 Philip approves 👌
i could never live in one of those high rise rabbit hutches
I love the Philippines but for some reason the condos in Manila often seem drab and dated when you compare them to Bangkok condos.
50000=1000? Isn't that more like 900 right now?
I honestly don't get condo living. Looks like being in an hotel that you have to clean yourself. What if you want to grow some plants/vegetables, work in your car, work on an engineering project that won't fit in your living room ? I will always need space, a yard and come soil.
Foreigners can’t own land in the Philippines
@@millennialinmanila5621 Foreigner headed families can (and do) !
No need of planting. We have market's & garages near the condo.
These first two apartments are very low level two Western standards. I would love to move to the Philippines but the luxury level is not high enough for my standards Thailand has higher luxury standards when it comes to condos and apartments
A grand a month is kind of expensive for a developing country.
These prices are heavily inflated, expect a discount of 25-35%, literally thousands of condos available in Makati alone
It is too bad that so many beds shown have bedframe with a raised footboard. Asians are usually not very tall, but other people are often too tall to sleep comfortably in such bed without hitting their feet on the hard footboard.
This is not luxury tho. This is, being trapped in a box. Condos are the worst place to live, let alone have a comfortable relationship. I was looking in to buying a condo, and it costs more than what it cost to build a house. They are not comfortable by any means. You can live in a house close to the city for about the same price or less.
But you aren't in the city? A lot of people want the metro life not rural or outer main city. Glad you are happy
@@ajsaces5211 well said. There are compromises one must make to be close to the city. it’s great for a single person that is not planning to have a family. though I plan to remain single in the Philippines, I will still buy a house nearby (through a corporation). The plan is to be totally off grid and hopefully close to a wet market.
The room itself maybe small but you also have the amenities area. If you build a house with a pool, gym, events area and roof deck, you'll likely spend even more than what you'd spend with a condo.
We need a video of the red light district, we need to see prices of girls
1,000 a month for basically a hotel room? Nah, I'll pass on that.
Silly Wabbits, I have a brand new 2 bedroom 2 bath townhouse style apartment in upper Antipolo City for only 18,000P per month. Only 36 minutes drive to BGC. Gated subdivision.
no way i'm paying $1000 for that puny dump.
All of a sudden I don’t wanna be American
Lol
Overpriced over looking the squatters area.
I bought a 1 BR condo in Makati , near Greenbelt. I paid $160,000. I have no mortgage. For comparison, 1 BR condo in downtown LA or San Francisco is 3x-5× that price.
I sold my studio in Nob Hill (prime downtown San Francisco) for over $500,000. It has 321 sf.
Makati condos are still "relatively" undervalued.
I think it will double in a few yrs (3-5 yrs) after all the available spaces have been built on and sold.
Simple supply-demand principle - in a few years there will be less "new" units coming into the market, but the population will keep on growing exponentially.
What does 6000 get you
P6000 gets you 25 sq meters in a regional suburb with chickens and jeepneys passing by at all hours, but it's new!
6000 usd
I want to rent you please!