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  • Writer's pictureZiggurat Realestatecorp

QC is Philippines' richest city for second straight year

Quezon City was the country's richest city in 2021, with P451.007 billion in total assets, based on a financial report by the Commission on Audit.

Makati was the second richest city with P238.56 billion and Manila the third with P65.25 billion.

The three were also the richest cities in 2020, with Quezon City's assets at P452.333 billion, Makati's at P238.46 billion and Manila's at P76.548 billion.

In 2019, Makati was in first place (P233.78 billion), Quezon City was in second (P96.423 billion), and Manila was in third (P64.8 billion).

Completing the top 10 last year were Pasig (P51.176 billion), Taguig (P36.1 billion), Cebu (P33.343 billion), Mandaue City (P33 billion), Mandaluyong (P31.44 billion), Davao (P26.55 billion) and Caloocan (P23.383 billion).

Cebu was the richest province in 2021 with total assets of P215.27 billion.

It was followed by Rizal (P30.6 billion) and Batangas (P29.705 billion).

The standings in 2020 were Cebu (over P213 billion), Batangas (P25.236 billion) and Rizal (P23.053 billion). In 2019 it was Cebu (P203.9 billion), Batangas (P20.793 billion) and Rizal (over P20 billion).

The other provinces in last year's top 10 list were Davao de Oro (P23.211 billion), Bukidnon (P19.455 billion), Negros Occidental (P18.025 billion), Ilocos Sur (P17.907 billion), Iloilo (P17.399 billion), Isabela (P16.419 billion) and Palawan (P16.1 billion).

The richest town last year was Carmona in Cavite with P6.21 billion in total assets.

Making the top 10 list are Limay in Bataan (P4.79 billion); Silang in Cavite (P3.738 billion); Cainta (P3.393 billion), Taytay (P3.274 billion) and Binangonan (P3.141 billion), all in Rizal; Caluya town in Antique (P3.1 billion); Sta. Maria (P3.044 billion) and Cabugao (P2.966 billion), both in Ilocos Sur; and Rodriguez in Rizal (P2.915 billion).

Source: Manila Times

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