Why Condos in Central Business Districts Pricier than Other Locations?

Aug 22, 2022

Metro Manila, the Philippines' capital city, has experienced tremendous urban expansion, which has helped businesses thrive in the National Capital Region. The different business districts in the Philippines, including Bonifacio Global City in Taguig, Ortigas Center in Mandaluyong and Pasig, and the Quezon City Triangle Park, have all quickly followed in accommodating venture capitalists and entrepreneurs as well as employees and job seekers, even though the Makati Central Business District continues to be the most well-known in the nation.

However, these downtown areas aren't necessarily the best option for traditional purchasers. These areas may be congested, polluting, or experiencing traffic bottlenecks. But their value appreciation in real estate is crazy, as the prime location is everything in real estate. Additionally, there is the issue of rising living expenses. Nevertheless, there are numerous advantages to residing in business districts. Here are a few instances:

Everything is within reach

You wouldn't have had any issue traveling to and from other metro areas whether you wanted a condominium unit in metro Manila from any of the capital's business districts. Business areas are typically found close to main thoroughfares that are served by public transportation, including the MRT or LRT, jeepneys, buses, and taxicabs.

A P2P transit system has also been put into place by the government, with all stops located in shopping centers in commercial areas, including TriNoma, Greenbelt, South Park Mall, Alabang Town Center, and SM Megamall. Last but not least, guests booking a GrabCar or GrabTaxi will have no trouble locating their location on the map display.

A business district frequently houses foreign embassies, government offices, and satellite operations. This suggests that dealing with legal paperwork or registering for licenses is easy.

Business districts are renowned for housing top-notch medical facilities in addition to businesses and government buildings. St. Luke's Medical Center at The Fort is rated as one of the best in the country. Meanwhile, the Medical City is located in Ortigas and Makati Medical Center.

The corporate headquarters of domestic and foreign banks are also located in Makati, Bonifacio Global City Center Taguig, and Ortigas Center's financial sector, which is home to many prominent corporate establishments.

Many of the entertainment and leisure options in business areas were initially developed to promote a healthy balance between work and personal life. These areas in the city's corners are home to hip bars and nightclubs. Families can shop at malls or take a stroll in the park in the interim. There are also galleries and coffee shops available for the hipster millennials.

The center of every commercial district is home to expansive marketplaces and humming shopping centers with a wide variety of retail alternatives. In addition to SM Makati and The Landmark, Makati also has the Glorietta and Greenbelt malls. Also in Makati are the Power Plant Mall at Rockwell Center and Century Mall in Century City. Ortigas Center is home to SM Megamall, Robinsons Galleria, The Podium, and Shangri-La Plaza.

Ayala Museum and Yuchengco Museum, two cultural institutions that highlight our historic core, are examples of these business districts' locations. They are both in Makati CBD.

There are nearly endless eating and dining options close to business districts. Every food culture, including contemporary variations, will be represented, including Filipino, Japanese, Italian, American, and so on. There are also many inexpensive ones, with domestic and foreign chains showing up frequently in Metro Manila's retail centers.

Endless Job Opportunities

A wealth of employment alternatives are accessible to those who reside close to business areas. In these areas, businesses flourish, and employment rates are usually higher than in other areas of Metro Manila. Undoubtedly, you'll discover one that fits your qualifications in these fields. Suppose you decide to live in a condo, for example, in Makati or Bonifacio Global City. In that case, you will commute much less frequently, experience less stress during rush hour, and enjoy a more comfortable urban lifestyle. Living close to these commercial areas can reduce your commuting time and allow you to save money.

Ideal neighborhood for expatriates.

The majority of the condos in this neighborhood are surrounded by businesses, structures, shops, and upscale leisure and entertainment facilities, as seen from Makati City. The most desired real estate developments are centered in the premium residential sections of well-known Villages; despite traffic being a problem and busy hours, living in this neighborhood is still perfect, especially for expatriates seeking to work in the Makati CBD. However, renting or buying a condo in this city may be rather dear due to its reputation as the nation's financial capital and the expanding housing market. However, this might not be as important for individuals looking for simplicity and convenience.

Conversely, Taguig's business district is more recent than Makati and Ortigas. Nevertheless, it is a well-liked travel destination for foreigners attracted to its established and upstart companies. Its main commercial area is called Fort Bonifacio Global City (BGC). It was built on what used to be a military base and is recognized as a masterpiece of urban design, complete with wide, open parks. The International School Manila, the British School Manila, Treston International College, and Everest Academy Manila, to name a few, are only a handful of the many international schools available to ex-pats with children. It is also less congested than its equivalents.

Access to prestigious schools and universities.

Prestigious colleges and universities were already situated in major business districts and governmental structures, retail locations, and financial districts. Among the universities in Makati City are Far Eastern University, Centro Escolar University, MAPUA, De La Salle University, St. Scholastica's Manila, and Ateneo De Manila University. The University of the Philippines Professional Institutions, Enderun Colleges, and foreign schools.

Relax and unwind in open spaces or parks.

People who reside in the central business district value green spaces. In addition to offering a natural green atmosphere where you may refresh your eyes, green spaces frequently have art installations.

In Fort Bonifacio Taguig, there are at least 15 green areas where you may spend time with your family relaxing and taking in the scenery. Some of these parks include Terra 28th, where traditional outdoor games like piko are played throughout the park. There's also Track 30th, which was designed more for joggers due to its entire park being circled by a track. Moreover, Burgos Circle Park is surrounded by homes and is a popular dog park. Finally, De Jesus Oval is partially closed on weekends for community events like dog training, bicycle riding for young children, yard sales, and many others.

Greenbelt Park, Washington Sycip Park, the well-known Ayala Triangle park, and Makati Park and Garden are among the parks Makati residents enjoy. The immaculate view of the Makati skyline at night is one of the best benefits of residing in a condominium in this neighborhood.

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.        

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