Location is always the number one factor when considering any property investment. Manila is a large metropolis and choosing which area to buy a property is going to take a fair bit of effort. To save you the legwork, we pick the hottest and most coveted residential areas and look at what are the available Manila condominium projects for property investing
There are a number of considerations when choosing where to buy an investment property. The area which the property is situated determines if it is a safe neighborhood, facilities are within reach and the communities are friendly. In particular for Metro Manila, where the traffic is horrendous and public transport is inefficient, investors should consider areas of highly concentrated economic activities as employees, both locals and expats tend to rent near their workplace to avoid lengthy commutes. Locating your property in these areas assures a stable supply of tenants.
1. Manila Bay Entertainment City, Parananque
Located in the city of Parananque, the Entertainment City houses the biggest casinos and 5 star hotels in the whole of Philippines. The thriving gaming industry has propelled the prices of the properties in this area to 200K PHP and even 300K PHP per sqm. Some of the interesting properties here include Solemare Parksuites and Monarch Parksuites by Anchorland. Megaworld will also make its presence on the Westside City where Resorts World casino will be located. On the other end near Okada Casino, there is Oakwoods Residences by DMCI Homes
2. Mall of Asia, Pasay
Pasay is just right next to Parananque and has benefitted from the casino activities as well. The Mall of Asia situated in Pasay one of the largest mall both in Asia and the world. This makes surrounding area an attractive place to stay. SMDC has practically monopolized the area with Shell Residences, Sea Residences and Shore Residences all located within walking distance of the famous mall
3. Bonifacio Global City, Taguig
Many foreigners who visited Bonifacio Global City in Taguig or BGC are astonished to find so many impressive skyscrapers. BGC is home to many multinational corporation offices set up as regional headquarters. There are also many shopping malls among which the most famous one is the Venice Grand Canal Mall with an actual Canal that runs through it! Notable projects here includes Fort Residences, Mckinley Park Residences, Fifth Avenue Place and Aviva Towers Verte.
4. Greenbelt, Makati
The residential projects surrounding Greenbelt Makati is the most highly coveted address in Manila. Even though the Greenbelt was built almost 2 decades ago, it still remains as the neighborhood to rub shoulders with the rich and famous. Besides the multitude of malls, there are also many trendy restaurants and cafes that litter the quaint streets of Legazpi Village and Salcedo Village. Many young professional rent apartments here where it is accessible to both work and play. Notable projects include Residences at Greenbelt, Park Terraces, Eton Residence Greenbelt and the Beacon Makati.
5. Poblacion, Makati
Century City Makati is one of the latest addition to the list of hip and trendy neighborhoods. Just a stone throw away from Makati in the Poblacion, this area is famous for some amazing nightlife. The bars and clubs are favorite hangouts for many expats living in Manila. The projects here includes, the famous Trump Tower Manila, Knightsbridge Residences, Gramercy Residences and Milano Residences. The residents of these condominiums enjoy the convenience of Century City Mall which is just right below their block.