28/05/2026
Here are the updated estimated cost of construction for 2026. Costs may vary based on project details, size and location. Cost stated herewith are not supposed to be the final basis of the entire project's cost, but they should be good for a rough estimate and budget preparation. Final costs should still be consulted with your designer or builder. Value engineering could also further lower costs.
Bare finish: ₱28,000 to ₱32,000 / sqm
Standard finish: ₱38,000 to ₱45,000 / sqm
Luxury finish: ₱52,000 to ₱65,000 / sqm
Iconic finish: ₱80,000 to ₱120,000+ / sqm
E.g. A luxury finished home of 300 sqm could have a budget of ₱19.5M = 300 sqm x ₱65,000 / sqm
Construction costs in the Philippines have risen significantly in recent years due to a combination of factors — including global supply chain disruptions, increased shipping and freight costs, the impact of international conflicts on raw material prices, and tightening local labor availability. Steel, cement, and imported fixtures have been particularly affected. These ranges are updated to reflect current market realities.
References: In-house project surveys, supplier benchmarking, and active site cost monitoring.
