Philippines is home to many enterprising property developers. Many of them are part of big conglomerates listed on the Philippines Stock Exchange. Yet others are boutique developers, choosing to serve a certain segment of the market. Most of these property developers have a footprint in the capital city of Manila. Researching and understanding these property developers will help the astute investor make correct decisions when investing in Manila property and buying Manila condominium
When buying a property, especially a new property, it is important to understand the property developer. The size of the developer and its track record can give investors the assurance that the property will be delivered as promised. Though unlikely, there has been instances of projects that failed and were left uncompleted. Another point to consider is whether the developer has good after sales service. There are many aspects of the property management that only occur after payment is made and one needs to be mindful that good after sales service will enable you to achieve your objectives faster. Choosing a reputable developer will prevent some of these potentially devastating pitfalls
Top Property Developers in Manila, Philippines
1. Ayala Land
Ayala Land, Inc., is without a doubt, one of the Philippines’ largest and most established property developers. Ayala has many projects in Makati, the financial heart of Manila. There is even a park named Ayala Triangle. It is also the company behind the famous Bonifacio Global City. The company is strong not only in the commercial space but also the residential space. The planned communities of commercial activities help support the demand for upscale residences which surround the hustle and bustle. Residential units from Ayala’s various brands such as Alveo often command a premium pricing. Many investors understand that the premium pricing is totally worthy, coming from a trusted and prestigious developer
PS: Our team is currently working on a few Manila condominium projects belonging to Ayala brands, do not hesitate to contact us for more details
Megaworld Corporation is another listed property developer founded in 1989. Empire East was spun off from Megaworld to address the middle segment of the market while the parent company focuses on the more premium segment. Megaworld has several notable projects in BGC Taguig, such as the upscale Mckinley Township. Another interesting project from Megaworld is the Westside City Township right in the heart of the Entertainment City. Prior the pandemic outbreak, the Entertainment City was the most exciting place to be in Manila with various world-class casinos and posh 5 star hotels. We are certain that when international travel resumes, the roulette wheels will again be spinning furiously
The SM group is perhaps best known for its megamalls both at home and in countries like China. The company also develops and manages offices, convention centers, and hotels. Its residential development subsidiary, SMDC, has also gained a foothold in the residential market. The strategy for SMDC is often to build its condominium around its parent’s megamall. The condominiums around Mall of Asia for example has seen robust uptake from various international investors. in 2019, the rental yield of these projects has seen yields of 10% or more for shrewd investors who had invested early during pre-selling stage. SMDC also has several other Manila condominium projects dotted around key areas of the city
4. DMCI Homes
DMCI Homes pride itself as the provider of affordable condominiums Indeed, many Filipinos we knew spoke highly of the value of DMCI projects. The company has made its presence in many cities of Metro Manila with more than 30 projects completed and many more in the works. One very interesting project from DMCI Homes which will be turned over soon is the Oak Harbor Residences. It is truly unique in that it is a waterfront condominium located in the Bay City and a stone throw away from Okada Casino. Rumors has it that affluent Chinese investors almost snapped up all the units in this project.
Century Properties recently deploy a similar successful strategy as SMDC by building its residential projects around a central mall, the Century City Mall in Makati Poblacion. The most famous of these surrounding condominiums has to be the Trump Tower Manila. Other condominiums inside Century City includes Knightsbridge Residences, Gramercy Residences and Milano Residences. These condominiums were among the highest buildings in Manila and definitely contributed to the Manila skyline.