Situated at the south of Metro Manila, Parañaque City has been around for 20 years, developing itself at a constant rate towards what it is now: a key player for trade and business. The city, known to some as the City of Lights, neighbors Muntinlupa, Pasay, Las Pinas, and Taguig and is considered a prime location for people who want to settle in an urban town in the south of Manila. With a land area of approximately 4,700 hectares, the Parañaque is the address of the Ninoy Aquino International Airport (NAIA) along Dr. A. Santos Avenue (commonly known as Sucat Road), the emerging Entertainment City in Aseana, and Baclaran, one of the largest and most affordable markets in the country.
Many developments within and around Parañaque are what have contributed to the economic growth of the city. Tourism has experienced a good consistency - especially with the five-star hotels and resort-casinos like City of Dreams Manila, Solaire Resort & Casino, and Okada Manila being the first among the many still being developed in Entertainment City. Infrastructure has also experienced several improvements like the completion of the NAIA Expressway in 2017, which eases the transportation to and from the airports, and easily connects Paranaque to cities like Pasay and Makati. In fact, Parañaque has ever since had a successful, albeit complex, road network that serves as a bridge to several other cities with the comfort of easier and faster travel. Expressways like the Manila-Cavite Expressway connects the region of Calabarzon to Parañaque and Las Piñas, while the Metro Manila Skyway and South Luzon Expressway (SLEX) are the fastest ways to Makati and the rest of the city. The at-grade portion of the Skyway in Parañaque also has two service roads, namely the West Service Road and East Service Road, which both serves the communities and businesses lying near the expressway.
Worthwhile Investments for All
The vast city of Parañaque is divided into two districts and sixteen barangays. District I comprises Baclaran, Tambo, Don Galo, Sto. Niño, La Huerta, San Dionisio, Vitalez and San Isidro, while District II consists of BF Homes, San Antonio, Marcelo Green, Sun Valley, Don Bosco, Moonwalk, Merville and San Martin de Porres. There’s a huge volume of houses in Parañaque with each barangay consisting of several more villages within them. Some high-end homes can be found in BF Homes, which has the largest population among the barangays in Parañaque, Merville, and Don Bosco. Though majority of properties in the city are houses, many developers have taken notice of the opportunities in Parañaque, and condominiums have since taken residence all around the city especially in key areas like Aseana City, Dr. A Santos Avenue, and Sun Valley.
There are several reasons why many people - families, young professionals, and even expatriates - consider buying a condominium in Parañaque. First, frequent travellers and professionals who work requires travelling can benefit from buying a condominium in Parañaque as it keeps them close-by the airport. Second, the Philippine Air Transport and Training Services or (PATTS), which offers courses on aeronautics, is located in Dr. A. Santos Avenue. Third, many malls and lifestyle centers can be found in the area and in neighboring cities. Parañaque City also upholds its community culture and celebrates different festivals throughout the year, involving its residents in activities like parades.
Investing in a condominium in Parañaque could prove worthwhile because as people from all over the city traverse the main roads of Parañaque that lead to all the necessities of urban living, it could feel overwhelmingly congested especially on weekdays. Add to that the fact that many non-residents frequent Parañaque’s well-known food hubs as well. Living in a condo not only provides a comfortable refuge in the city but also an opportunity to take things slow in an address that isn’t within crowded neighborhoods and villages. Additionally, condominiums are much more affordable as houses in key areas of the city are expensive.
Raya Gardens Condominiums
Inspired by Balinese gardens and water features, the Raya Garden Condominiums along the West Service Road, Merville, Parañaque is composed of two 15-storey high-rise towers and three 5-storey medium-rise buildings.
Offering a unique resort-residential environment, the Raya Garden Condominiums promises to provide its residents with uncompromised rest and rejuvenation. Merville, a relatively more private and more high-end neighborhood in Parañaque, is the ideal home for those who want to be outside of the city, but still just a step away from it. There are four unit types available in the complex - which reflects Balinese architecture and interior design inside and out: studio (24 sqm), two-bedroom mid unit (48 sqm), two bedroom special unit (63.5 sqm), and three-bedroom tandem unit with balcony (96 sqm). Unique amenities that reflect its Asian theme, like the lotus pond and floating podium, also set it apart from other residential towers in the area. A three-bedroom (with maid’s quarters) and two-bathroom unit can be purchased at Php 7.2 million.
Siena Park Residences
Located inside Barangay Sun Valley, Siena Park Residences is a tropica-resort themed condominium complex comprised of eleven medium-rise buildings. Accessible through the West Service Road, the development aims to exude a tropical-themed home in the city for all its residents. At Siena Park Residences, two-bedroom units and three-bedroom units are offered primarily to suit the needs of families. Ranging from 48 to 78.5 sqm, the two-bedroom units, while a three-bedroom unit with balcony range from 83 to 94 sqm. A two-bedroom unit with one bathroom (42.5 sqm) can be purchased for Php 3.4 million.
Burgundy McKinley Place
When it comes to finding an investment property in the city, one need not look any further than Burgundy McKinley Place, located in Pacific Avenue, Aseana City, which is right at the coast of Manila Bay. Featuring two-bedroom and three-bedroom unit types, residents of the Burgundy McKinley Place can expect to wake up to an exceptional view of the sunrise, enjoy spacious floor area, and have unlimited access to amenities suitable for all ages. A two-bedroom condominium (60 sqm) can be purchased for as low as Php 5 million. On the other hand, those who need three-bedrooms can invest in units for as low as Php 12.7 million to Php 14.9. Million, at 159.6 sqm and 186.97 sqm respectively.