A lot has been said and written about Taguig, the fourth and seventh most populous city in Metro Manila and the Philippines, respectively. It is touted as one of the most business-friendly cities in the country, charging lower taxes to businesses and other enterprises. It also does not impose the number-coding scheme on vehicles, which allows a lot of flexibility and mobility to its residents. The city’s Business Permit and Licensing Office (BPLO) is also touted as one of Metro Manila’s (and indeed the Philippines’) most efficient, promising license renewal turnaround of just one day.
While most of Taguig’s economic success has been spurred by income generated through the privatization of Fort Bonifacio and the subsequent development of Bonifacio Global City (BGC) and neighboring McKinley Hill, it cannot be denied that the city has been very progressive to begin with. According to data from its website, there are at least 16 universal and commercial banks operating in the city, 10 rural banks, 24 cottage industries, 7,776 registered commercial and industrial establishments, and some 1,126 manufacturing firms.
While Taguig is predominantly a residential city, being home to at least 53 subdivisions or gated communities, condo developments are proving to be the abode of choice for many locals and those planning to move to the city. Although areas like the aforementioned BGC, McKinley Hill, and Acacia Estates quite expectedly are the most popular locations to find condos for sale in Taguig, there are up-and-coming neighborhoods as well that are proving to be as popular, including McKinley West, Arca South, and areas along the C5 Corridor. Indeed, with large-scale real estate developments happening in Taguig at present, it will not be surprising to see the city as Metro Manila’s most prime location to buy a condo property in the near future.
Taguig’s most popular neighborhoods
Bonifacio Global City is perhaps what put Taguig in the real estate map. This massive mixed-use development that was once a military camp is now home to some of the country’s tallest skyscrapers, and many local corporations and multinationals call BGC their home, including Coca-Cola, pharmaceutical giants Hoffman–La Roche and Sanofi, and Ayala-owned Globe Telecom, to name just a few. BGC is also home to many condo developments, most notably those developed by some of the country’s largest property firms, such as Ayala Land (One Serendra, Two Serendra, The Suites, East Gallery Place, West Gallery Place), Filinvest Land (The Beaufort), Federal Land (Central Park West, Grand Hyatt Residences), Megaworld Corp. (Bellagio I, II, and III), and Robinsons Land (Trion Towers). Other smaller developers with significant presence in BGC include New San Jose Builders (Fort Victoria), Nuvoland (The Infinity Tower), Xcell Property Ventures (Icon Plaza), and G&W Architects (Grand Hampton Residences, Penhurst Place), among others.
Also previously part of Fort Bonifacio sold exclusively to Megaworld Corp., McKinley Hill is Andrew Tan-led developer’s second mixed-use township in Metro Manila, and at 50 hectares, it is also the company’s largest in the National Capital Region. At present, McKinley Hill is home to an exclusive subdivision (McKinley Hill Village), 18 office buildings, 36 residential towers, and a mall that features a replica of the canals of Venice. Some of the high-end developments where condos for sale can be had in McKinley Hill include Viceroy, Tuscany Garden Villas, The Venice Luxury Residences, Morgan Suites, and The Florence, among others.
A project of Consunji-owned DMCI Homes, Acacia Estates is a 150-hectare residential community in Taguig’s Brgy. Ususan, which is home to gated villages and many condo developments, the most popular of the latter include Mulberry Place, Cedar Crest, Royal Palm Residences, Verawood Residences, and Rosewood Pointe, among others. Conveniently located yet affordably priced, Acacia Estates is located on the western side of C5 Road, a stone’s throw away from Bayani Road and McKinley Hill and will soon become highly accessible to NAIA via the C5 Road Extension.
Taguig real estate developments to watch out for
Aside from these existing developments, Taguig will also boast two more large-scale real estate projects over the next two or three years. One of them is Megaworld Corp.’s McKinley West, a 34.5-hectare mixed-use development sitting on the former JUSMAG property along Lawton Avenue (just across McKinley Hill). When completed, McKinley West will featured an upscale residential village, BPO buildings, and a multi-tower luxury condo project called St. Moritz Private Residences.
The second upcoming mixed-use development in Taguig is Ayala Land’s Arca South—a 74-hectare project sitting on the former FTI Complex property along the South Luzon Expressway. A self-contained, transit-oriented development, Arca South is quite different from other real estate developments as it will feature an integrated transport terminal designed to accommodate at least 2,000 provincial buses each day as they enter Metro Manila from the provinces of Laguna, Batangas, and Quezon. When completed, Arca South will feature condo developments from Ayala’s three brands: Ayala Land Premier (Arbor Lanes), Alveo Land (Veranda), and Avida Land (One Union Place), while plenty more projects are definitely in the pipeline.