The prices in real estate in Muntinlupa, in the Metro Manila region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Muntinlupa has increased during the last 6 months. In March, the average price per m² was ₱ 137,192. In April this price pretty much remained the same at a value of ₱ 136,741 per m². In the following two months the price per m² has increased 109 %, going from ₱ 136,966.5 to ₱ 149,651 per m². The price per m² has increased 113 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of ₱ 143,308.75 to ₱ 161,450.5 during July, and August.
Based upon to the price in Muntinlupa (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is ₱ 25,781,113. During April the price went through a considerable rise reaching ₱ 30,725,341. During the following two months (May, June) the average price had a considerable reduction of 81 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 43,644,769 they are 86 % more affordable than the average price for Muntinlupa. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 26,936,344.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of ₱ 144,804 / m², with an average ₱ 164,218 / m² price in Muntinlupa. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 166,245 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 43,644,769 it is 83 % cheaper than the average price in Muntinlupa. "Commercial Lot" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of ₱ 16,815,351 it is 168 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of ₱ 13,611 / m² followed by "Commercial Lot" priced at ₱ 84,407 / m². "House" is the most costly type of property with a ₱ 187,836 / m² cost followed by "Townhouse" with an average price of ₱ 168,467 / m².