Manila places 2nd in Prime International Residential Index

Manila ranked second in the 100-city Prime International Residential Index (PIRI 100) in Knight Frank’s 2025 edition of The Wealth Report. The prices of luxury residences in the Philippine capital climbed by 17.9% in the past year, overtaken only by Seoul. It was also significantly above the Asia-Pacific average of 3.2% and global average of 3.6%.