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Manila Bulletin devider Property and Living devider Manila ranks 3rd globally in 2026 Prime International Residential Index

Manila ranks 3rd globally in 2026 Prime International Residential Index

Manila's performance reflects the expansion of the luxury residential properties last year

Published May 8, 2026 10:10 am
Ultra-luxury condos at Park Central towers (Photo: Ayala Land)
Ultra-luxury condos at Park Central towers (Photo: Ayala Land)
The 2026 edition of the Prime International Residential Index (PIRI 100) ranks Manila third globally for luxury residential price growth. The report was part of Knight Frank’s 20th edition of The Wealth Report, which provides a global perspective on wealth, property, and investment.
In the PIRI 100, Manila recorded a 17.5 percent increase in prime residential prices in 2025. The city followed only Tokyo (58.5 percent) and Dubai (25.1 percent) in the annual rankings. Manila also outperformed other major markets, including Seoul (14.7 percent), Mumbai (8.7 percent), and Singapore (7.9 percent).
Manila’s double-digit growth significantly exceeded the Asia-Pacific region's average of 3.6 percent. In a broader global context, prime international residential prices rose by an average of 3.2 percent in 2025, a slight decrease from the 3.6 percent recorded in the previous year.
Over five years, Manila has seen a total price appreciation of 84.9 percent in the luxury property sector.
For 20 years, the PIRI 100 has provided a distinctive perspective on price moves across the world’s leading housing markets.
Knight Frank Global Head of Research Liam Bailey said, “Published at a time of geopolitical uncertainty, this milestone edition (The Wealth Report) examines the continued expansion of global private wealth and how it is being put to work, from the evolving strategies of family offices to the increasing mobility of capital and the resulting shifts across residential, commercial, and lifestyle-led real estate worldwide.”

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