Manila placed third among 100 global cities in luxury residential price growth— highlighting a sharp rise in high-end property values even as affordability concerns persist.
The ranking came from the Prime International Residential Index (PIRI 100) in The Wealth Report 2026 released by Knight Frank, which showed Manila’s prime residential prices surged by 17.5 percent in 2025.
According to the report, Manila placed behind Tokyo and Dubai, which recorded increases of 58.5 and 25.1 percent respectively.
The consultancy said the strong growth reflects continued demand in the luxury segment despite "global economic uncertainties."
However, Knight Frank noted the increase was slightly slower than the 17.9 percent growth recorded in the previous year.
Analysts noted that the sustained rise signals "resilience" in the high-end property market.
The consultancy said the gains highlight a widening gap between premium real estate and broader housing affordability.
Globally, the average increase in prime residential prices stood at 3.2 percent— significantly lower than Manila’s growth rate.
Market observers stated the divergence reflects shifting investment patterns and varying economic conditions across regions.
Written by Ericko Malimban, Insight PH
Ericko Malimban, Insight PH is a dedicated campus journalist and contributor. Their insightful writing sparks meaningful conversations and keeps the community informed.
