This article on the Taguig condo market appears in the Dot Property Group Philippine Real Estate Year in Review. Click here to download the full report.
When it comes to the Taguig condo market, multi-bedroom, luxury units continue to be in high demand. Research from Dot Property Group found that nearly 70 percent of all inquiries made to the network’s collection of websites in 2022 were for condominiums with two or more bedrooms.
This makes it the only city in the National Capital Region where the most popular unit size isn’t studio/one-bedroom. Two-bedroom condos comprised 36 percent of all demand followed by studio/one-bedroom at 33.7 percent and three or more bedrooms with 30.3 percent.
What’s more, those looking for a Taguig condominium are increasingly focused on the luxury segment. The most popular price point in 2022 was PHP20-50 million with a significant amount of growth in this segment seen during the first half. Demand for Taguig condo units priced between PHP20-50 million rose by 77.4 percent between the fourth quarter of 2021 and the second quarter of 2022.
There was also an uptick in demand for units PHP50 million and above with this price point recording a 124.5 percent surge in interest over the same time period. Meanwhile, interest for Taguig condo units priced at THB5-10 million grew throughout last year and it was the only segment where demand rose in all four quarters.
Interestingly, more than half of total demand for luxury condo units (PHP20 million and above) in Metro Manila came for ones located in Taguig. The area has always been a preeminent address for high-end property, but this reached a new level in 2022.
In addition to being home to Bonifacio Global City, Taguig also contains Arca South and this area has been a key factor in rising demand this year. The expansive mixed-use development has proven to be the perfect place for post-pandemic buyers due to its proliferation of low-rise condominium projects with lots of green spaces near office buildings.