Buying Guide
How Much Does It Really Cost to Buy a Condo in the Philippines?
A plain-language breakdown of taxes, transfer fees, association dues and other costs to budget for when buying a resale condo in Metro Manila.
By Buy Manila Condo · · 2 min read
The listing price is only part of what you will pay for a condo. Before you sign a reservation agreement, set aside money for taxes, registration and the costs of moving in. Here is what to expect when buying a resale (ready-for-occupancy) condo in the Philippines.
Taxes and fees on the sale
| Cost | Typical rate | Usually paid by |
|---|---|---|
| Capital gains tax | 6% of the higher of selling price or zonal/fair market value | Seller |
| Documentary stamp tax | 1.5% | Buyer |
| Local transfer tax | Up to 0.75% in Metro Manila, up to 0.5% in provinces | Buyer |
| Registration fee (Registry of Deeds) | About 0.25%, on a graduated schedule | Buyer |
| Notarial fees | Varies, often around 1% | Negotiable |
Who pays what is ultimately set by the Deed of Absolute Sale, so read it carefully. A common arrangement is “seller pays CGT, buyer pays the rest.”
Rule of thumb: budget around 3–5% of the purchase price on top of the price itself for closing costs.
Costs after you get the keys
- Association dues – monthly, usually charged per square meter. Ask for the current rate and whether there are unpaid dues on the unit.
- Real property tax (amilyar) – paid yearly to the city.
- Utilities transfer and deposits – electricity and water accounts move to your name.
- Move-in fees and bonds – some buildings charge a refundable bond for renovations or deliveries.
- Fit-out – unless the unit is fully furnished, plan for furniture and appliances.
If you are taking a bank loan
Banks typically lend up to 80% of the appraised value. Expect an appraisal fee, mortgage redemption and fire insurance, and the bank’s own processing charges. Get pre-approved early so you know your real budget before making an offer.
How to avoid surprises
- Ask for a copy of the condominium certificate of title (CCT) and tax declaration.
- Get a certificate of no outstanding dues from the building admin.
- Check that the seller (or their broker) holds an Authority to Sell.
- Agree in writing on who pays each tax and fee.
Thinking about a specific unit? Send us an inquiry and we will give you a cost estimate for it.
