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Quezon City (Real Estate Profile)

Founded on October 12, 1939, the city was named after Manuel L. Quezon, the second president of the Philippines. It served as the national capital from 1948 to...

Quezon City (Real Estate Profile)

Quezon City is the most populous city in the Philippines and a major real estate market within Metro Manila, known for its diverse property offerings ranging from residential condominiums to commercial office spaces. According to the 2024 census, it has a population of 3,084,270 people.

Founded on October 12, 1939, the city was named after Manuel L. Quezon, the second president of the Philippines. It served as the national capital from 1948 to 1976 before Metro Manila was established as the seat of government.

Market Profile

Quezon City presents a dynamic real estate landscape with distinct characteristics:

Residential Market:

  • Average condominium prices range from PHP 100,000 to PHP 150,000 per sqm (2025 estimates)
  • The city holds one of the largest shares of unsold Ready-For-Occupancy (RFO) units in Metro Manila
  • Metro Manila's overall residential vacancy rate stood at 23.9% at year-end 2024

Office Market:

  • Office vacancy rate: 22.8% (Q4 2024, per Colliers)
  • Average office rental rates: PHP 678 to PHP 740 per sqm/month
  • Projected new office supply in 2025: 202,000 sqm—the largest among Metro Manila submarkets

Key Business Districts:

  • Triangle Park/Vertis North: A 29-hectare master-planned estate by Ayala Land integrating residential, office, retail, and hotel components
  • Eastwood City: A pioneering live-work-play township
  • Araneta City (Cubao): A mixed-use commercial hub

Key Regulations

Real estate transactions in Quezon City fall under national and local regulatory frameworks:

  • DHSUD (Department of Human Settlements and Urban Development): Regulates real estate development and issues licenses to sell for subdivision and condominium projects
  • Quezon City Housing, Community Development, and Resettlement Department: Oversees socialized housing programs and local housing policies
  • Real Property Tax (Amilyar): Administered by the City Treasurer's Office based on assessed property values
  • Transfer Certificate of Title (TCT) and Condominium Certificate of Title (CCT): Issued by the Registry of Deeds for land and condominium ownership, respectively

All real estate transactions must comply with the RESA Law (RA 9646), which requires involvement of PRC-licensed real estate brokers and salespersons.

Relevance

For property buyers and real estate service practitioners, Quezon City offers:

  • Accessibility: Served by MRT-3 (North Avenue, Quezon Avenue, Kamuning, Cubao, and Santolan stations) and the future Metro Manila Subway
  • Educational Institutions: Home to the University of the Philippines Diliman, Ateneo de Manila University, and Miriam College
  • Healthcare Facilities: Hosts major government specialty hospitals including the Philippine Heart Center, Lung Center of the Philippines, and National Kidney and Transplant Institute
  • Cost Advantage: Lower rental and purchase prices compared to Makati CBD and BGC, attracting BPO companies and cost-conscious buyers

The upcoming Metro Manila Subway, with the North Avenue Common Station serving as a major interchange, is expected to significantly boost property values and accessibility upon completion (targeted 2028/2029).

Property Listing

Browse available properties in Quezon City: /for-sale/metro-manila/quezon-city

References

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