Looking to buy a new home this year? Know why these places across the country are worth your money.
It’s 2016. Do you feel that this will be your lucky year when it comes to investing in real estate, or getting yourself a new home? Don’t let your hard-earned money go to waste by picking the wrong location. These times, every financial decision must be well-thought-out as every centavo counts. The following areas across the country listed below will make sure you get your money’s worth.
The island where famous Portuguese explorer Ferdinand Magellan met his demise in 1521, Mactan is now home to the second busiest airport in the country. With refurbishing and a new terminal in the works, we can expect this gateway to become busier in the years to come. Being a tropical island, tourism is one of its biggest draws. Mactan offers some of the best water sports and activities, and houses Agoda.com’s Gold Circle awardee Mövenpick Hotel Mactan, CEI Asia’s “Best Resort Hotel for Business Events” Shangri-La’s Mactan Resort & Spa, and the Mactan Island Aquarium. Plenty of real estate projects are currently being developed, including those from the big players like Robinsons Homes, Sta. Lucia Land Inc., AppleOne Mactan Inc., Grand Land Inc., Cebu Landmasters Inc., and The Ascott Limited.
Taal Lake, Photo via Wikimedia Commons
One of the most popular tourist destinations near Metro Manila, Tagaytay boasts cool weather due to its high location. From here, one can enjoy the scenic views of the beautiful Taal Lake, Laguna de Bay, the rest of Cavite, and the glimmering lights of Metro Manila. Adding to Tagaytay’s pull as a tourist hotspot are places like People’s Park in the Sky, Picnic Grove Complex, Paradizoo, and Sky Ranch Amusement Park. The city is also only a few minutes away from Nuvali, Ayala Land’s massive integrated township in Laguna. With such attributes, big property firms such as Filinvest Corporation, Ayala Land, Sta. Lucia Land, Avida, SMDC, and Cityland have started their own developments in Tagaytay.
Bonifacio Global City, Taguig
Bonifacio High Street in BGC, Taguig (Photo via Wikimedia Commons)
Already one of Metro Manila’s most important business districts, Bonifacio Global City (BGC) is home to many IT-BPO companies, some of the Philippines’ most expensive and luxurious condos, shopping malls, and this year two new luxury hotels (Shangri-La at The Fort and Hyatt Manila). Living in BGC is a complete package, which is the reason why it’s so popular among expats. Aside from the aforesaid offices, condos, and hotels, BGC also is home to international schools, a topnotch tertiary hospital, and a museum. Access to and from the airport will also improve once the NAIA Skyway and C5 Extension projects are completed.
Davao City, Davao
The “Durian Capital of the Philippines” has been dubbed by the national media as one of the safest cities in the country. Its local government has implemented notable city ordinances, such as “New Comprehensive Anti-Smoking Ordinance of Davao City,” which prohibits the sale of cigarettes by accommodations and entertainment establishments and the use of cigarettes outside of a designated area. Another ordinance bans any person or establishment from using, manufacturing, or distributing firecrackers. And it seems that Davao residents are indeed embracing these ordinances, as the city has maintained a clean record every New Year celebration since 2010. Curfew is also being taken seriously in this city; minors are not allowed to loiter outside of their home from between 10 PM to 5 AM.
It is not surprising that Davao is Mindanao’s business and financial center, and a very vibrant real estate market at that. Property developers have lined up exciting projects in the city, including Megaworld’s Davao Park District, which when completed will comprise residential, retail, and office spaces. Ayala Land also has Abreeza Residences, a 26-storey high-rise residential building.
Iloilo City, Iloilo
Aerial Shot of Iloilo City (Photo from Wikimedia Commons)
Listed as one of the cities to watch out for, Iloilo is currently making its presence heard in the real estate scene. Once a sleepy city, it now has Philippines’ fourth busiest airport. Being right in the middle of the province of Iloilo makes this city an ideal location for entertainment, office and industrial hubs. Iloilo City is also proud of its cleanliness and order; one evidence is its rehabilitated Iloilo River. Impressed by the change of this bustling city, Megaworld’s Iloilo Business Park, Vista Land, and DoubleDragon are only a few of the property developers who are aggressively building residential buildings and communities.
San Fernando, Pampanga
Strategically situated in the middle of Pampanga in Central Luzon, San Fernando City is easily accessible from neighboring regions and provinces and from Metro Manila via the North Luzon Expressway. As such, the city is currently being considered by the national government as an alternative hub for government offices.
San Fernando City is also known to be the “Christmas Capital of the Philippines” because of its rich and colorful Christmas lantern tradition. This makes tourism one of the city’s main growth drive, aside from the very important residential real estate sector, which caters mainly to starting families and first-time homebuyers. Aside from local players, national developers have also began to explore San Fernando City’s real estate market, including Century Properties and Landco Pacific.
Taytay, a municipality situated 10 kilometers east of Manila, was named the third most competitive municipality in the Philippines in 2015 by The Cities and Municipalities Index. This vibrant Rizal municipality over the years has been home to numerous affordable homes and gated communities suited for Metro Manila’s workers, and many of these residential projects were built by the country’s largest developers. Right now Taytay is home to Club Manila East, a popular waterpark, and it is also just a few minutes away from Antipolo, where the famous Antipolo Church is located.
Bay City, Pasay and Parañaque
Aerial shot of the Mall of Asia Complex (Photo via Wikimedia Commons)
Shared by the cities of Pasay and Parañaque, the Bay City in recent years has become Metro Manila’s foremost leisure and retail destination. It is now home to two billion-dollar integrated resort casinos (City of Dreams Manila and Solaire Resort and Casino) and the Mall of Asia Complex. Over the next few years it have house two more resort casinos and numerous luxury condos, not to mention a business district and a new mall by Ayala Land. The Ninoy Aquino International Airport is also close by, making the Bay City a perfect area for those who enjoy and frequently travel.
What was once just a farming district is now one of the most thriving commercial centers in the metro, thanks to the birth of Filinvest City and Madrigal Business Park. The city’s transformation brought in countless subdivisions, business and commercial establishments, and industrial centers, which changed not just its real estate scene but also its socio-economic landscape. It also has well-known go-to centers of the south, such as Alabang Town Center, Festival Mall, and Starmall Alabang. Up-and-coming townships include Megaworld’s Alabang West and Ayala Land’s South Park District.
Sikatuna Village, Quezon City
A foodie’s haven, Sikatuna Village is where one will find Maginhawa Street, famous for strips of out-of-the-ordinary restaurants. People from all over the metro scramble to this gastronomic hub to try the unique experience the restaurants may bring. Sikatuna Village is also an ideal place for students as it is near universities like Ateneo de Manila University and University of the Philippines. For sports enthusiasts or those who enjoy leisure walks, the Quezon City Memorial is a just a few streets away. Topnotch tertiary hospitals, such as the Lung Center of the Philippines, Philippine Heart Center, and National Kidney and Transplant Institute, are also minutes away.
Need the government's help to fund your next home? Then check out our guide to government-funded homes to jumpstart your housing finance.