The National Capital Region (NCR) or often called Metro Manila is the center of commerce, culture, government, education, and entertainment of the Philippines. Though it is one of the smallest regions in the country, Metro Manila is the most populous region in the Philippines with almost 13.5 million people according to a census conducted by the Philippine Statistics Authority in May of 2020. Because of its centrality to business establishments and educational institutions, it is no wonder why a lot of people, including foreign nationals, opt to live in the metro especially now that a lot of condominiums rise in the different parts of the area.
Metro Manila is divided into two parts: The North, and the South. The northern part of Metro Manila includes the cities of Caloocan, Malabon, Navotas, Valenzuela, Quezon City, Mandaluyong, Pasig, Marikina, San Juan, and the capital of the Philippines, the city of Manila. On the other hand, under the southern part of Metro Manila, there is Pasay, Paranaque, Las Pinas, Muntinlupa, Taguig, Pateros, and Makati. However, this article will only focus on the North Metro Manila and the various reasons why you need to buy a condo in the North.
North Metro Manila is known for having the perfect balance of urban living mixed with a laid-back atmosphere. Though there are a lot of areas to live here in this part of Metro Manila, in a subdivision, exclusive village, and townhouses, for example, condo living is very popular in this area because residents choose a condo for its security, convenience, and comfort.
Cost of Living
One of the first things you need to consider before buying a condo in Manila, or in any other place for that matter, is the cost of living. Cost of living will give you an idea of whether you can maintain your current lifestyle and whether you have the financial means to cover basic bills. The northern region of Metro Manila has a cheaper cost of living compared to the South. Living in the capital region of the country will still cost you much; however, condo living in the North will still save you some pennies as opposed to condo living in the South like in Makati or Taguig. That is why if you are planning to buy a condo, consider living in North Metro Manila because of its relatively cheaper cost of living.
If you want to escape the ever-busy and the “hustle and bustle” lifestyle of Makati, then consider investing in a condo in Manila. The north of Metro Manila has the perfect balance of everything. Condominium properties have easier access because of the proximity to establishments like business establishments, hospitals, and entertainment centers. If you are still a student, the North offers a wide variety of top-notch universities and other educational institutions you can choose from, like the big four universities: the University of the Philippines Diliman in Diliman, Quezon City, Ateneo de Manila University which is also situated in Quezon City, De La Salle University in Manila, and the University of Santo Tomas in Manila.
Mobility and Convenience
Condominiums in Manila are strategically situated near public transportation hubs, schools, and other establishments allowing residents and other people in the city to get where they intend to go with ease and convenience. The North has public transportation like LRT and MRT to go from point a to point b which is cheaper and relatively faster than in the South where driving by car is only the best option.
Condos here in the North also create a very refreshing urban living environment experience, especially since everything you might need is either right outside your doorstep or only a short distance away if you walk. Everything is conveniently located near the condo building, from workplaces, malls, fitness facilities, restaurants, and cafés to schools, hospitals, and parks. Because of this, it is much easier for you to save time, money, and even the stress of everyday commutes and traffic.
Developments and Infrastructure Improvements
There are a lot of developments that the government of the Philippines has achieved in the country, and especially in Metro Manila. Good thing that the property sector is part of the major beneficiaries of the government’s “Build, Build, Build” project started in 2016 to improve the quality of life.
One of the essential infrastructure improvements currently is the Skyway Stage 3 which was formally opened last January 2021 to decongest EDSA and C5 by 55,000 vehicles daily and lessen the travel time from Makati to Quezon City from two hours to only 15 to 20 minutes.
These infrastructure projects will, in the long run, improve accessibility and mobility, which will certainly increase property appeal and drive up property values.
Also, real estate experts see a huge potential for urban development in the North, which would lead to modernization.
Rising Rental Costs
If you intend to buy a condo and have it rented, this is good news for you! As expected, units for residential that are being rented or leased out in the North can provide some of the greatest and highest yields when compared to other areas. According to the recent survey released by the Global Property Guide, residential condominiums in Metro Manila generate yearly returns of 8 to 15%. A studio unit in a prime location like the northern part of Metro Manila can yield the owner up to 15% of returns.
With this, you can buy a unit, do a little condo design makeover, and set up your own Airbnb. Good thing Vista Residences offers ready for occupancy condo units for you to purchase.
Choosing a condo in a strategic location, such as one close to businesses, establishments, significant institutions, and other modern facilities and infrastructure, will always be your best option for ensuring a good and practical investment. Buying a condo in the North Metro Manila is probably the right decision for you, or maybe an option worth considering given all these reasons. Regardless of the location, whether in North, South, or maybe outside Metro Manila, Vista Residences will offer you a premium and quality condo living experience that you surely would not want to miss!
If you are thinking of moving in to a new condominium, check out Vista Residences!
Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc. that offers ready for occupancy and pre-selling condominium projects in Manila, Makati, Mandaluyong, Quezon City, Ortigas, Baguio, Cebu, and CDO that are strategically located within major cities, in close proximity to premium universities, transit oriented locations and developed business districts.
At Vista Residences, unit owners can take advantage of the property’s centrality. The properties of Vista Residences are strategically located near the country’s premium universities and CBDs, making them an attractive investment for both local and foreign investors.
Living in Vista Residences enables you to enjoy convenience, where everything is pretty much within walking distance or a few minutes away from the property; comfort because the project features and amenities are designed to deliver comfort at all times, which makes condo living a worthy investment; security that is 24/7 and CCTV monitoring, which makes the residents safe and secure within the property.
In line with Vista Residences’ thrust to offer convenience among its residents, it also features an AllDay Convenience Store and Coffee Project in all its projects.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.