Makati City: Image Courtesy of Jopet Sy via Wikipedia

A LOT of people are always on the hunt, searching for a place to settle. To help you narrow down that search, we’ve compiled a list of the top 10 richest cities in the Philippines for you to, perhaps, rent or buy a condominium unit or two.

1.) Makati City

Makati City serves as the financial epicenter of the Philippines, naturally making it the country’s wealthiest city with a net worth of Php34.461 billion. Skyscrapers dominate the skyline, housing hundreds of businesses operating 24/7. Within its relatively small 2,735-hectare land area, Makati boasts numerous upscale malls. In the city’s 2017 report, there were 83,353 establishments, 569 banks, and 62 malls in Makati City, leaving no doubt about its status as the richest city in the Philippines.

2.) Quezon City

Quezon City, the largest city in the Philippines at approximately 16,533 hectares, used to be the capital city for 28 years. Now, it ranks as the second richest city in the Philippines with a net worth of Php31.917 billion. This city houses various government agencies, including the Sandiganbayan, the Commission on Audit, and the House of Representatives. It’s also home to two renowned schools in the Philippines – the University of the Philippines and Ateneo de Manila University. Consequently, you’ll find numerous condos available for rent here.

3.) Pasig City

Pasig City claims the third spot on the list with a net worth of Php20.036 billion. Like Makati, it boasts its own commercial business district in the heart of Ortigas Center, just minutes away from one of the metro’s popular malls. However, navigating traffic in and out of Pasig City can be challenging, making condo rentals a preferred option over houses or apartments on the outskirts.

4.) Manila City

It’s somewhat surprising that Manila, despite being one of the largest cities in the Philippines with a dense population, ranks fourth with a net worth of Php13.131 billion. Known for its numerous tourist attractions, especially those built during the Spanish era, Manila thrives on businesses catering to these historic sites.

5.) Zamboanga City

Zamboanga City, known as the sardine capital of the Philippines, secures the fifth position with a net worth of Php10.464 billion. Major sardine factories and other significant companies have invested in this city, contributing to its impressive net worth.

6.) Cebu

The Queen City of the South, Cebu, claims the sixth spot with a net worth of Php7.885 billion. It is home to major oil companies and financial offices, attracting people for its annual Sinulog festival, which further bolsters its net worth.

For those considering real estate investment in Cebu, transient homes are ideal, allowing you to rent out properties short-term if you aren’t ready to settle there permanently.

7.) Caloocan City

Caloocan City, quickly emerging as a powerhouse among Philippine cities, takes the seventh spot in 2016. In the past year, Caloocan City earned Php6.894 billion, indicating rising property prices as the urban area modernizes.

8.) Marikina City

Although Marikina City boasts a modest net worth of Php4.887 billion, it climbed from the top 20 richest cities in the Philippines to the eighth spot. Known as the shoe capital of the Philippines, Marikina City is packed with businesses and factories, making it a prime location. However, occasional flooding in lower areas may affect real estate investments.

9.) Calamba City

Located 54 km south of Manila, Calamba City is famous for its hot springs, thanks to its proximity to Mt. Makiling. It’s jokingly dubbed as the “team building capital” by Filipinos. Calamba City currently enjoys a Php4.690 billion net worth, ranking ninth among the richest cities in the Philippines in 2017. Investing in the resort business here can be a lucrative opportunity, offering not only income but also the chance to enjoy hot springs or restaurant ventures.

10.) Cagayan De Oro City

Located in the northern part of Mindanao, Cagayan De Oro City rounds up the top 10 richest cities in the Philippines with a Php4.670-billion revenue, largely driven by tourism and small businesses in the area.

Source: DMCI

(Compiled by Jr Amigo/mnm)