THE FUTURE OF CONDO LIVING IN THE PHILIPPINES
as published in alveoland.com.ph
By all indications, condo developments in the country are not seen to slow down anytime soon. Everywhere in the metro, vertical communities are rising, providing even the most ordinary of Filipinos an opportunity to enjoy a modern condo lifestyle. The high-end market also continues to evolve and push the envelope, providing discerning homebuyers exciting and irresistible choices.
Aside from serving as primary residences, condominiums also provide great investment opportunities. With the influx of foreign nationals working or choosing to live in the Philippines, condos are top-of-mind choices. The market of condominiums for rent is equally healthy and robust as the one for pre-selling.
Condominium developments have also spurred the growth of related industries and businesses. In many locations, condos have served as the anchor development in masterplanned townships, surrounded by support establishments such as malls, schools, offices, hospitals and many other institutions. Thus, in many ways, Philippine real estate has grown hand in hand with industries such as call centers and business process outsourcing (BPO) firms, among many others.
As the property market becomes increasingly competitive though, buyers can expect to see more innovatively designed condo communities that provide more amenities and more convenient features. It will continue to be a buyers’ market as developers seek to provide the best living experiences for Filipino homeseekers.
PRIME CONDO LOCATIONS
Metro Manila being the capital city of the Philippines could be considered the nexus of prime condo locations with high property values. With its network of major thoroughfares, condo developments along these roads provide the most convenient and highly prized locations. These condos are located in various cities and municipalities within the Metro.
Makati City, considered the financial capital of the country, is arguably among the top selections for condo developments that provide a premier lifestyle. A list of condos in Makati will yield a lot of choices when it comes to unit sizes, proximity to malls and commercial establishments, proximity to office buildings, and many other factors.
Other major locations for prime condos in Metro Manila include the new business district of Bonifacio Global City (BGC) in Taguig, where a lot of pre-selling condos in the Philippines are located. In barely a decade since it was formally redeveloped and launched, BGC has grown to be one of the most exciting and dynamic property markets with its variety of condo communities that cater to a wide demographic of homebuyers.
HOME OF PASSIONATE MINDS
BGC is also a location where many pre-selling condos from Ayala Land are found, primarily because the masterplan of BGC and its redevelopment were spearheaded by the developer. Ayala Land, being one of the most experienced and extensive real estate developers in the country, envisioned BGC to be the next financial district after Makati, and so much more.
BGC as “the home of passionate minds,” also aims to celebrate dynamism and diversity in daily life. This is reflected in its carefully designed masterplan, which values a pedestrian-friendly atmosphere and a nature-friendly environment. In keeping with globalization that has characterized society in the 21st century, BGC is truly home to a multi-cultural population.
BGC today is one of the most sought-after locations for condominium living because of its efficient masterplan. Many denizens describe living in BGC as one of the closest experiences one could have to living in New York City—a city that never sleeps. Indeed, BGC epitomizes modern urban living with its closely connected network of roads and streets, convenient underground utilities, sustainable modes of transportation, wide open spaces and touches of nature, as well as an overall safe and secure environment.
For more information, contact us or visit alveoland.com.ph
