Paranaque is fast becoming one of Metro Manila’s primary real estate markets, a highly coveted address among homebuyers and property investors. Founded into cityhood in 1998, its area covers 16 barangays divided into 2 districts and has a total size of 18.41 square miles.
Today, Paranaque is home to several business developments like Aseana City in Diosdado Macapagal Avenue and Bay City in Roxas Boulevard. These areas serve as headquarters of local and international corporations, banks, and luxury hotels. Located near them are some of the city’s most popular shopping malls and lifestyle complexes. SM City BF Parañaque and Duty Free Fiesta Mall draw in thousands of visitors each day. Featuring international retail outlets, a variety of culinary experiences, and all-ages programs and activities, these malls lead its exciting lifestyle.
These developments have contributed to shaping Paranaque as one of the most highly sought-after locations to rent a house in Metro Manila .
Located along Aseana City is City of Dreams which is popular among long-time residents of the city. Those who visit City of Dreams are presented with delicious culinary restaurant concepts to try. Another well-known lifestyle spot in the city is Solaire Resort and Casino in Bay City.
There is a wide range of available high-end, luxury houses for rent in Paranaque. Some notable residential subdivisions in the city include Tahanan Village, Sinagtala Village, and BF Northwest. Properties in these areas command a higher price but are not without the promise of a comfortable and satisfying living experience that many homebuyers prioritize. Those who rent a house in Paranaque are also within convenient distance from renowned schools like PATTS College of Aeronautics.
The city’s accessibility is also an advantage and a key factor that contributes to its steady growth. Main roads like Skyway, South Luzon Expressway, Sucat Road ease the travel of residents of Paranaque to nearby cities such as Muntinlupa and Pasay. These roads aren’t just accessible for those with cars, as public vehicles pass these expressways as well for faster and safer travel. It is also why families see it convenient to live in a house in Paranaque.
From an average rental price of PHP 49,666.67 for a 2-bedroom house for rent and PHP 141,428.57 for a 5-bedroom property, there are many homes in city name to choose from that are best fit to one’s needs.