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Condominium Units - Ideal Homes for Modern Living in the Metro

In this day and age, condominium units have become an ideal home of young professionals, small families, and expatriates. Its popularity due to the convenience it provides has increased its demand over the last decades.

Condominium communities range from low to high-end, making it accessible to consumers of different classes and lifestyles. According to Colliers International’s 1st quarter of 2018 property market overview, there are more than 107,000 ready-for-occupancy (RFO) condominium units in Metro Manila, most are located in or near business districts.

For people who engage in a fast-paced lifestyle, convenience is a priority. In Metro Manila, aside from the accessibility of transportations and the constant increase in the number of establishments that contribute to the well-being of its residents, condominium communities elevate ease. They serve as a retreat for those who value convenience, comfort, and privacy despite living in a progressive city. Moreover, they are often in close proximity to workplaces, cutting the struggles of daily commutes.

Just like a house, a condominium unit proves to be an advantageous investment, as its value appreciates. There are even buyers who purchase units to profit, as it is easy to rent out. It is also easy to resell due to its amenities and location.

Residents who live in condominiums typically have access to top-quality amenities. For high-end communities, amenities include swimming pools, fitness centers, and clubhouses; moreover, social and recreational activities that foster and encourage conviviality among residents are often held in the aforementioned amenities.

Condominium communities have gated entries that are manned by security personnel. Outsiders are not allowed to enter the area without the consent of a unit owner. This eliminates problems of theft and robbery.

Metro Manila is home to hundreds of residential towers. In fact, according to Colliers International’s 1st quarter of 2018 property market overview, most of the supply is located in BGC - Bonifacio Global City and the Makati Central Business District (CBD).

Makati City

The Philippines’ most prominent business district, Makati, is primarily residential. It is now the home of young professionals, entrepreneurs, artists, expatriates, and all kinds of families. Being a sought-after address, it is now highly urbanized and houses corporate and residential buildings.

Makati is popular for its high-end villages including Forbes Park and Dasmariñas Village. Today, condominium communities are the first options of those who prefer a laidback modern lifestyle. According to Hoppler’s 2018 data, there are 89,720 pre-selling and RFO units, from which homebuyers can choose.

Century City is a 3.4-hectare mixed-use development located in Poblacion, Makati. It was opened in public in 2013. The Gramercy Residences, Trump Tower Manila, Knightsbridge Residences, and Milano Residences are located in it. The Century Spire, a 60-story tower is under construction, is set to be one of the tallest residential towers in the area. Aside from the residential buildings and to supplement and nurture the modern lifestyle of residents in Century City, the Century City Mall, a boutique mall and lifestyle center, was built in 2014.

Rockwell Center is a 15.5-hectare mixed-use development in Poblacion, Makati. The complex houses residential towers, office buildings, schools, and the upscale shopping mall, Power Plant Mall. Residential buildings in the area namely Luna Gardens, Edades Tower, Joya Lofts and Towers, One Rockwell, Rizal Tower, Amorsolo Square, Hidalgo Place, and The Manansala have RFO units while The Proscenium at Rockwell, which is set to be an area consisting of five residential towers, is still under construction.

Taguig City

The highly urbanized Taguig was once a sleepy fishing community. Over the years, it has established itself as a progressive city where young professionals, business executives, families of different backgrounds, and expatriates reside. From quality residential towers to high-end lifestyle centers, first-rate hotels, picturesque cafés and restaurants, interactive museums, and nightclubs, it is now one of the most sought-after addresses in Metro Manila.

Taguig is suitable for those who practice a modern lifestyle, for city dwellers who are after convenience. In fact, it houses 56,620 pre-selling and RFO units, according to Hoppler’s 2018 data.

BGC - Bonifacio Global City, formerly known as Fort Bonifacio, is a major urban development and financial district. It houses multinational corporations, first-class schools, hotels, quality commercial establishments, and parks. Moreover, it is where high-rise and high-end residential towers including Arya Residences, Uptown Parksuites, The Beaufort, Bellagio I to III, and One and Two Serendra. The home of the passionate minds and an all-inclusive community, BGC offers constant growth to its driven residents.

McKinley Hill is a 50-hectare development by Megaworld in Barangay Pinagsama in Taguig. Aside from the lifestyle and Venetian-inspired mall, Venice Grand Canal Mall, it is where the Venice Luxury Residences, Viceroy, and The Florence condominiums are located. Also within the district are office spaces and three international schools namely the Chinese International School Manila, Enderun Colleges, and the Korean International School Philippines.

Muntinlupa City

The consistent glow of Muntinlupa as a progressive city justifies its appellation “The Emerald City of the Philippines.” Aside from being the home of two successful business district namely the Filinvest City’s Northgate Cyberzone and Madrigal Business Park and its prime residential villages including Ayala Alabang and Alabang Hills, it has quality albeit affordable condominium units for sale. The La Vie Flats, Solano Hills, and Rhapsody Residences are among the best condominium developments Muntinlupa offers.

Condo for Sale Facts

  • The average prices of studio, one-bedroom, two-bedroom, and three-bedroom condo units in Makati—regarded as the country’s most expensive condo market—are Php6.3 million, Php11.4 million, Php21.7 million, and Php42 million, respectively, based on Hoppler’s 2017 data.
  • On the other hand, the average prices of studio, one-bedroom, two-bedroom, and three-bedroom condo units in Taguig are Php5.7 million, Php8.2 million, Php17 million, and Php38,5 million, respectively, based on Hoppler’s 2017 data.

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