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8.18%

Based on its historical zonal values, this condo has enjoyed a 30-year compounded annual growth rate (CAGR) of 8.18%.


This condo is no other than the prestigious Pacific Plaza Condominium (Makati; not the one in BGC). This condo continues to be a home to the country's most influential people.


In 1992, when it was completed, the condo had a zonal value of Php17,500/sqm. Today, its zonal value is Php185,000/sqm.


This is interesting because, in theory, structures don't appreciate–only the land it sits on. Accounting rules dictate that new buildings should be depreciated over 40 years. If we follow this logic, the structure should fully be depreciated in 10 years.


This is an example of how high-end, well-managed condos perform in the long term.

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