The city of Taguig, one of Metro Manila’s 17 component cities and municipality, can be considered a late-bloomer in the real estate scene. It is only after the privatization and redevelopment of Fort Bonifacio—which was eventually rebranded as Bonifacio Global City, BGC, or The Fort—that the city experienced commercial development on a massive scale. BGC’s neighboring mixed-use development McKinley Hill was also developed around the same time, which was also previously part of Fort Bonifacio, and along with the upcoming McKinley West and Arca South, Taguig is well on its way to become Metro Manila’s “it” address in the years to come.
Lakeside town turned premier business district
Along with Makati and most of Metro Manila’s cities, Taguig used to be a municipality of Rizal. A predominantly agricultural and fishing pueblo, the municipality gained prominence during the American period when a large portion of its land (about 25 sq km) was acquired by the U.S. government and turned into Fort McKinley, that same military camp that became Fort Bonifacio in 1957. Since then, Taguig has gradually progressed into a highly urbanized municipality, until it achieved cityhood in December 2004.
As it is now one of Metro Manila’s full-fledged business and financial centers (the others being Makati and Ortigas Center), Taguig is indeed one of the most highly sought-after places to find a home in the Philippine capital region. The city is now home to at least four large-scale mixed-use developments, all of which offer plenty of condo projects where apartments for rent can be found. Aside from these, many stand-alone condo projects can be found in Taguig, especially the areas along the C5 Corridor and Brgy. Ususan.
Bonifacio Global City
Taguig’s crown jewel, Bonifacio Global City or BGC, is one of the best places to find a condo for rent in Metro Manila. This large mixed-use development, composed of several townships all designed following the masterplan laid out by the Bonifacio Land Development Corp., offers condos for rent for virtually every budget.
On the upper end of its condo spectrum are high-profile and popular projects like One Serendra, Two Serendra, Bonifacio Ridge, Pacific Plaza Towers, Essensa Private Residences, Bellagio I, II, and III, and Arya Residences, among others. A one-bedroom condo for rent in Red Oak tower of Two Serendra, for example, has an asking price of Php80,000 per month, while a three-bedroom, 290-sqm condo unit for rent in Pacific Plaza Towers, is currently on offer for a whopping Php250,000 per month, which is not bad for a unit that comes with two parking spaces and condo with a chapel and a helipad.
Megaworld Corp.’s 50-hectare mixed-use township in Taguig, McKinley Hill is very popular not only because of its condos, retail strips, and office towers, but also because of the Venice Grand Canal Mall, an imitation of the famed Italian city complete with a canal, gondolas, and even singing gondoliers.
But malling aside, McKinley Hill is famous also because it offers plenty of condo options within a self-contained and complete minicity. It has international schools, embassies, offices towers, an upscale village, and plenty of dining options. Among the residential towers one can find condo units for rent in McKinley Hill include The Florence, The Venice Luxury Residences, The Viceroy, Morgan Suites, Tuscany Private Estates, McKinley Hill Garden Villas, and Stamford Executive Residences. A one-bedroom, 66.4-sqm condo for rent in The Venice Luxury Residences, for example, is currently listed for Php68,000 per month, while a three-bedroom, 175-sqm condo for rent in McKinley Hill Garden Villas is on offer for Php130,000 per month.
Currently under development, Megaworld’s 34.5-hectare McKinley West, which is just across McKinley Hill from Lawton Avenue, sits on the former JUSMAG property in Fort Bonifacio beside Forbes Park and the Manila Polo Club. Boasting not just high-end condos and office towers, McKinley West will also feature a gated village where would-be residents can purchase very prime residential lots. One of the first condo developments to be turned over here is St. Moritz Private Residences, a mid-rise high-end project with units ranging from 78-sqm two bedrooms to 219-sqm bi-level penthouses.
Located on the former FTI property close to C5 and along the South Luzon Expressway, Ayala Land’s Arca South is a 74-hectare mixed-use development that will boast condos from Ayala’s three subsidiaries (Ayala Land Premier, Alveo Land, and Avida Land), hotels, corporate offices, malls, and an integrated transport terminal. Among the condo developments to be completed here over the next few years include Arbor Lanes (Ayala Land Premier), Veranda (Alveo Land), and One Union Place (Avida Land).
Taguig also offer plenty of condo options outside these mixed-use developments. One such place is DMCI Homes’ Acacia Estates, a sprawling project teeming with mid-rise, Asian-inspired condo developments the developer is famous for. One such condo project here Royal Palm Residences, where a typical three-bedroom, 85-sqm condo unit for rent can be had for a mere Php38,000 per month.
Another condo project along C5 Road is Cypress Residences also by DMCI Homes. This three-tower, pinwheel-shaped residential development offers quality condos for rent for a fraction of the price. One such example is a three-bedroom, 72-sqm condo apartment for rent, which has an asking price of Php29,000 per month—a bargain considering that similar properties in McKinley Hill just across C5 Road command monthly rents of at least Php60,000 per month.