What Can You Buy in Makati for Under ₱5M?
Under ₱5M in Makati, buyers have three realistic options: SMDC Jazz Residences studios (₱4.5–5M), older mid-rise buildings in the Chino Roces / Vito Cruz corridor (₱3.8–4.5M for studios), and pre-selling launches with early-bird discounts. SMDC Jazz is the standout choice — new building, well-managed, near Ayala CBD with 7.5% gross yield.
- SMDC Jazz Residences: ₱4.5M–₱5M studio — best managed, highest yield
- Chino Roces corridor studios: ₱3.8M–₱4.2M — walkable to Ayala, older stock
- Pre-selling studios: occasional under-₱5M launches from DMCI, Robinsons
- Studio condo investment Manila from ₱3.8M — entry-level but viable
Is a Budget Makati Condo a Good Investment?
A ₱5M Makati condo at 7.5% gross yield earns ₱375,000/year (₱31,250/month). Net after costs is ₱250,000–₱290,000/year. This compares favorably against all Philippine bank deposit rates (4–5%). The key advantage of budget Makati over QC: proximity to the strongest tenant pool (Ayala CBD professionals) keeps vacancy low.
Studio Condo Investment Manila — Strategy Guide
Studio condos are Manila's highest-yielding investment type. The smaller the unit, the higher the rent-to-price ratio. A ₱4.5M Makati studio renting at ₱28,000/month = 7.5% gross. The same ₱4.5M invested in a QC studio renting at ₱20,000/month = only 5.3% gross. Location matters more than unit size for yield.