House and Lot for Sale

Kung renovation, ang cost ay mag de-depend sa extent of renovation gusto ng buyer. On the other hand, complete demolition is estimated at no more than 100K.

Note that the asking price of ₱7.2M (about ₱49,000 per sqm) is lower than the usual market price of ₱50,000–₱53,000 per sqm for similar lot-only properties in Maypajo. This means there is enough room in the price to renovate or even demolish and rebuild the house without going over the normal market value of a house and lot.

Preferred ang cash, pero all reasonable offers will be considered. This includes offers with bank financing payment terms.

The asking price of 7.2M is not exactly fixed. It is negotiable. Pwede pa naman tawaran as all reasonable offers will be considered. To be reasonable, an offer should have basis that is justified by real conditions and leaves room for honest discussion, that can be the subject of negotiation.

For reference, house-and-lot properties currently for sale in Maypajo are priced between ₱54,000 and ₱84,000 per square meter, while lot-only properties are priced at around ₱50,000–₱53,000 per square meter. At ₱7.2M (₱49,000 per sqm), the asking price—including the existing house—is already below the prevailing market price even for lot-only properties.

Metro Manila’s population recently exceeded 14 million residents, up from about 13.4 million just five years earlier. From 2020 to 2024, it grew by over half a million people, at roughly 0.9% per year on average. This demand underpins housing, rental markets, public services, and transportation needs long into the future. Even cities like Caloocan—which includes the prominent district of Maypajo—are among the region’s most populous, with about 1.71 million residents as of the 2024 census. As people continue to flock to urban centers for jobs and education, the underlying demand for housing and commercial space in these areas remains strong. (Manila Standard)

Flooding has been a recurring challenge in Metro Manila due to heavy rainfall, constrained drainage capacity, and rapid urbanization. Many barangays—including parts of Caloocan—are recognized as flood-vulnerable, highlighting the need for smarter infrastructure and planning. (Philstar.com)

Rather than viewing this only as a risk, major investors and international institutions have identified flood management and climate resilience infrastructure as growth areas:

In other words, flood-related challenges are shaping a new class of infrastructure investment opportunities that benefit both large investors and everyday property buyers: improved infrastructure reduces risk, stimulates economic activity, and supports rising property values.

Current market dynamics—including some oversupply in certain condominium segments and softer land prices in parts of the Metro—can work to the buyer’s advantage. Sellers and developers may be more willing to negotiate, while interest rates and promotional terms continue to be competitive.

When combined with ongoing infrastructure upgrades and long-term demographic growth, this creates an environment where buyers can acquire real estate at attractive valuations ahead of future demand spikes.

Maypajo is a prominent district in the City of Caloocan, part of the populous northern corridor of Metro Manila. Caloocan itself is a city of more than 1.7 million people with both residential and commercial activity. (Wikipedia)

Today’s conditions make a strong case for buying real estate in Metro Manila:

In plain terms: Buyers who invest today stand to benefit from future demand, infrastructure-led value creation, and strategic positioning—especially in emerging zones like Maypajo.