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Phils in world top real estate price increase? / SQM prices Makati

JohanVIA · 9 · 2395


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Statistical Real Estate Spaghetti

When doing research, it always pays to be a little suspicious to whatever research material you read.
Doing some research, I came across this graph:


I could not believe the Phils had countrywide 10% yearly growth in house prices (world leading position). However, the source of the graph is the IMF. And the sources mentioned in the lower left bottom are very reputable sources.

10% yearly growth in housing prices is not unheard of, but it is rare.
It also did not match with my personal observations.

After research, also at the sources they mention in the graph, it turns out they compare in the graph country figures for most countries, to the Makati figures for the Phils.
This of course is statistical spaghetti:  the major business district of a capital is not representative for a country, on the contrary. It is usually one of the most expensive areas and is subject to very different demand and supply forces than the average house in the average city.

I found this table: “House Price Change (Inflation Adjusted)” at the OECD:

But why are UAE and Taiwan not included in the IMF chart? They have higher growth rates than even Makati? And Estonia in the graph, now turns out to be Tallinn, the capital only. And China figures are for Beijing only.
So the IMF makes one graph comparing countries to capitals to districts of capitals. Nice statistical spaghetti.

Well you get my point: being suspicious sometimes can be a virtue ☺

Also found this table that might interest some of you:
price development per sqm in Makati over the years


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^^ lies, damned lies, and statistics!
that's all it is :)
« Last Edit: Jul 22, 2014, 04:39 AM by pulubing_palaboy »


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Marketing Strategy... Kawawa yung maiipit sa taas :)


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I think you cannot generalize land values based on only a small area like makati.  But it is true, that if i were to sell the makati property i bought 10 years ago, i can ask for 4 times the money i spent to buy it!


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It's true but only in some instances. My rich ex-friend bought a 100M house in Forbes Park 2006, I thought she was crazy when she said it was cheap (foreclosed kasi). LA 2500 FA 1500. Months later, she had an offer of 150M she didnt sell. Today, my broker said this kind of house would cost 350M or more. Grabe...
Ako naman, small time lang. I got a house in Las Pinas 2005 for 1.7M, LA 200 FA 350. Today, my neighbors with the similar specs are selling at 5M. Not bad huh...
Problem now, the prices are already so high! So if mag appreciate ang value in the future baka slight nalang, or none at all if napamahal ka ng buy. But if ma-tiempo mo siguro ang desperate seller and u have cash, u might still have a good deal, but bihira nalang.


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Mahal na talaga sa metro manila sa mckinley lang eh 100,000 per SQM pero meron pang mura near BGC 30k lang per sqm gustong gusto ko pa naman makatira sa area na yun


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Real estate prices are going up because OFWs can afford it. 
Middle class that are working locally will eventually have a hard time owning land.


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Hays sana bago pa magmahal yung area na pangarap ko makakuha na ako kailangan ko na ata magabroad


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Happy yung mga nakabili ngayon at noon preselling. Sell High.. bye bye na


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