INTRODUCING THE BEST AREAS FOR REAL ESTATE INVESTMENT IN METRO MANILA
The Philippines is one of the most attractive countries for real estate investment thanks to its status as the fastest growing economy in Asia, with zero indications of slowing down. However, it may be an overwhelming experience deciding where to start investing with a variety of affordable options in the market. So to help you narrow down your search, here are the top 3 areas within Metro Manila and the reasons why you should check them out:
MAKATI – Makati is considered as the “Wall street of the Philippines” with a variety of office developments that serves approximately 40% of the country’s top 1,000 and multinational companies. Hence it is also an extremely popular location for foreign nationals. Makati is also known for being a mixed-use location with high-end residential condominiums or gated communities, and commercial malls and establishments nearby, thus making it an ideal lifestyle destination for shopping and dining. It is also highly accessible thanks to its strategic location near other key cities and business districts such as Bonifacio Global City and Ortigas via bus,jeepney and train terminals. In terms, of prices, Makati propeties for a 3 bedroom condiminium unit can range from $4,600 to $7,000.
BONIFACIO GLOBAL CITY – Taguig is highlighted by the former army base, Fort Bonifacio City, that was developed into the country’s newest master-planned CBD, under one of the Philippines’ top developers, Ayala Land. Next to Makati, BGC has also enjoyed financial and commercial growth,as well as the rise of many high-rise, luxury condominiums,malls,and commercial strips. BGC is also close to the Ninoy Aquino International Airport and Makati which contributes to its rapid development. And while property prices are still lower than Makati, according to the Leechiu Property Consultants,Bonifacio Global City will eventually grow to have the highest concentration of wealth in Manila. Property prices for a 3 bedroom condominium unit at BGC are at $3,908 with the average price per square meter in popular areas at around $2,500 -$2,600.
Ortigas City- Ortigas has a strong residential sector with middle and upper-class offerings. However it also has important business districts such as the Rockwell Business Center and Ortigas along with rising townships ArcoVia and Parklinks. This makes Ortigas an even more attractive real estate location for may international companies,hotels,dining establishments and commercial malls. Ortigas Center is also located at an important junction of 3 cities,Quezon City,Pasig Cit,and Mandaluyong City and is accessible via the main road EDSA and C-5, thus making it one of the most strategically located areas for real investment in Metro Manila and boasts one of the highest rental yields at 9%. The average price in Ortigas Center is $2,200-3,000 per sqm. And the average price of a bedroom condominium is $4,650.