Where to Find Cheap Condos in Makati
Makati's cheapest condos are concentrated in three zones: The Chino Roces/Dr. Arcadio Santos corridor (older buildings pre-2010, ₱3.5M–₱5M). The Vito Cruz/P. Ocampo area near De La Salle University (student/young professional demand, ₱3.8M–₱5.5M). The Bel-Air Village fringe (Makati's residential border, ₱4M–₱6M).
- Chino Roces corridor: ₱3.5M–₱5M studios — walkable to Ayala, older buildings
- Vito Cruz / P. Ocampo: ₱3.8M–₱5.5M — DLSU demand, young professional market
- Bel-Air fringe: ₱4M–₱6M — quieter Makati residential area
- SMDC Jazz Residences (new): ₱4.5M–₱5.5M — best managed budget option
- Pre-selling fringe Makati: occasional ₱4.5M 1BR launches with early-bird discount
Is a Cheap Makati Condo Worth Buying?
A ₱4.5M SMDC Jazz studio renting at ₱28,000/month delivers 7.5% gross yield — stronger than most BGC 2BR units at similar investment. The key risk with cheap Makati condos is building age and management quality. SMDC Jazz mitigates this with professional SM-managed facilities. Older buildings require more diligence — check HOA fund health, building maintenance records.
Cheaper Alternatives to Makati Condos
Budget investors who want Makati CBD proximity have options beyond Makati itself. These areas offer comparable yields at 30–50% lower prices:
- Mandaluyong (Shaw/Pioneer): ₱2.5M–₱4.5M, 10 min MRT to Makati, 7–8% yield
- Pasig (Kapitolyo): ₱3M–₱5.5M, 15 min to Makati, trendy area growing rents
- Poblacion Makati: technically Makati, ₱3.8M–₱5.5M, nightlife district Airbnb potential
- Paranaque (near NAIA): ₱2.8M–₱4.5M, 20 min to Makati, airport worker demand