GUIDE TO THE BEST 3 PHILIPPINE CENTRAL BUSINESS DISTRICTS IN A NUT SHELL
If you are looking to start investing in real estate in the bullish Philippine economy,there is one question you need to ask yourself,and that is where. After all,the secret to real estate profitability is about location,and in a country with a fast growing economy that offers plenty promising areas,your best bet is in the CBDs or central business districts. And while each CBD has its own strengths and weakness,Metro Manila CBDs also have interesting characteristics to consider. Here are our top choices for the best Central Business Districts for investments and why based on factors such as economic growth,location,transportation,and lifestyle offerings.
1. BONIFACIO GLOBAL CITY- Bonifacio Global City,or BGC is an easy choice, It is located right next to another CBD,Makati,while enjoying a more modern and expansive appeal. While Makati boasts of skycrapers,BGC is an open master-planned development with towering state of the art corporate buildings,world class commercial establishments with upscale dining,residential,and alfresco leisure features. BGC also has a strong millenial and cosmopolitan culture that inspires creativity,innovation and community. Other notable institutions in the area are International Schools such as British School Manila,and it is also the headquarters of the companies such as Globe,Uniliever,HSBC,and is the Philippine base of Google and Fcebook. In terms of investment potential and market growth,Colliers predicts a 21% increase of office spaces from 2.1M in 2018 to 2.5M in 2020. For residential units,Colliers foresees an increase of 23% from 32,230 in 2018 to 39,800 in 2019.
2. ORTIGAS – What sets the Otigas business district apart from Makati and BGC is the location. It is arguably the most accesible CBD in Metro Manila with the most strategic area that intersects multiple major cities:Pasig,Quezon City,Mandaluyong,Taguig and Makati. This means that whether you are coming from the North or the South,Ortigas enjoy a closer distance and more varied public transport options such as the MRT station,with major thoroughfares via C5 and EDSA. As for,lifestyle offerings,Ortigas is a shopper’s dream that is the home to multiple malls within close distance,including Megamall,Shang-ri La,Estancia,the Podium and St.Francis Square Mall. It also offers a good mix of high-end and more affordable shopping,dining and leisure features for its multi-sectoral community. As for companies,Ortigas is the base of Jolibee,Meralco,the Philippine Stock Exchange and the Asian Development Bank. For the Colliers market forecasts,offie spaces is expeected in terms of available residential units from 17,940, in 2018 to 19,300 in 2021.
3.THE BAY AREA- While the Manila area is not commonly the top of mind when it comes to popular CBDs versus other locations such as Makati and Rockwell,The Manila Bay area is predicted to be one of the top business centers in the coming years. Currently is the homebase of SM Prime Holdings,and is the location of Asia’s largest mall,Mall of Asia. It is the entertainment capital of the Philippine with 3 maj0r casinos at Resorts World Manila,Okada and the City of Dreams while blooming with the Philippine Offshore Gaming Operators (POGOs). The Bay Area is currently enjoying a wave of strong Chinese and local investors with high and developers also investing in the area. Its proximity to the airport and new NAIA Expressway and the Solar City puts the Bay area into the forefront of potential as a CBD to rival business units to 1.1 Million in 2020,while residential supply is also expected to soar by 45% from 19,850 in 2018 to 28,800 in 2021,making the Bay Area the fastest growing CBD in a few years.