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Megaworld Eastwood City Investment Guide: Is the Original Philippine Township Still a Good Buy? — Manila Investment Property Philippines Real Estate
Developer Guide

Megaworld Eastwood City Investment Guide: Is the Original Philippine Township Still a Good Buy?

9 min readBy Manila Investment Property Editorial Team
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Manila Investment Property Editorial Team

Manila Investment Property Editorial Team

Philippines Real Estate Content Specialists

MIP Expert

Eastwood City was the first integrated urban township in the Philippines, launched in 1997. Nearly three decades later, is it still a compelling investment? We take a hard look at the numbers.

What Is Eastwood City and Why It Matters

Eastwood City in Libis, Quezon City, is a 18.5-hectare mixed-use township that transformed a former industrial area into one of Metro Manila's most vibrant urban communities. Completed over multiple phases from the late 1990s to the early 2010s, Eastwood now houses over 60,000 residents and workers daily. The township includes residential condominiums (Eastwood Le Grand, One Eastwood Avenue, Eastwood Park Residences), office towers housing major BPO companies, Eastwood Mall, and extensive retail and dining streets.

The Eastwood Investment Case

As a fully developed township, Eastwood offers something that pre-selling investments cannot: certainty. The township is complete, the management is professional, the amenity set is well-established, and rental demand is proven. Gross rental yields in Eastwood typically range from 5–7% for furnished units. Monthly rents for 1BR units range from PHP 20,000 to PHP 35,000. The main downside is that early-stage appreciation has already been captured — Eastwood offers stable income and moderate appreciation rather than the dramatic gains available to early investors in the 1990s and 2000s.

Eastwood vs Newer Megaworld Townships

Compared to Megaworld's newer townships like Iloilo Business Park or McKinley West, Eastwood is more expensive (fully priced into the market) and offers lower appreciation upside. However, it compensates with market depth — the secondary market in Eastwood is among the most liquid of any Metro Manila location outside Makati and BGC. Investors prioritizing exit options and market liquidity should consider Eastwood seriously.

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