For those who are just starting a family or those who recently moved to Metro Manila to pursue their dreams, apartments are the primary choice. This is due to price and ease of renting an apartment. Most prefer to look for apartments that are located near business districts such as the Makati Central Business District, Ortigas Center and Bonifacio Global City.
Makati is comprised of 33 barangays which is grouped into two congressional districts. Its Central Business District, known as “The Wall Street of the Philippines,” has the highest concentration of local and multinational corporations in the country. Most foreign embassies and headquarters of major banks are also located in the city. It is also among the richest local government units in the Philippines, thanks to around 62,000 business enterprises that are registered in the city.
Makati is also a shopper’s paradise. Ayala Center, composed of the Glorietta and Greenbelt complexes, and one of the most popular shopping places in the country, is located right at the heart of the Makati Central Business District, in an area surrounded by EDSA, Ayala Avenue, Makati Avenue and Arnaiz Avenue (Pasay Road). Power Plant Mall, the other prominent shopping mall in Makati, is part of the Rockwell Center development on the northern side of city.
A two-bedroom apartment in Comembo, Makati is available for only PHP 13,500 per month. A one-bedroom apartment in Barangay Santa Cruz, located not far away from the Makati Central Business District, is also available for only PHP 8,475 a month.
Next to the Makati Central Business District, Ortigas Center is a key business district in Metro Manila. It is located in an area that is bordered by Pasig, Mandaluyong and Quezon City. It is home to shopping malls, office and condominium skyscrapers, bars and restaurants, academic institutions, and several government offices.
The headquarters of two of the largest corporations in the Philippines, San Miguel Corporation and Jollibee Foods Corporation, are in Ortigas Center. The headquarters of the Asian Development Bank is also in the area, sitting on a large property along the road named after it, ADB Avenue. SM Megamall, Robinsons Galleria and Shangri-la Plaza, three of the largest shopping malls in the Philippines, are in Ortigas Center, along a stretch of EDSA between Shaw Boulevard and Ortigas Avenue.
A three-bedroom penthouse apartment near Ortigas Center is available for only PHP 30,000 per month. If budget is an issue, a one-bedroom apartment is also available for only PHP 6,500 a month.
Bonifacio Global City (BGC) is a new central business district in Metro Manila. The land where it now stands used to be part of Fort Bonifacio, the headquarters of the Philippine Army, hence its nickname “Fort.” Since its launch and development several years ago, it has seen rapid commercial growth.
BGC is now home to upscale residential condominiums, such as 8 Forbes Town Road, Bellagio, Essensa, Serendra, Pacific Plaza Towers, One McKinley Place, The Luxe Residences, Bonifacio Ridge Twin Towers, and Regent Parkway. It also hosts Net One, Bonifacio Technology Center and other office buildings. The new headquarters of the Philippine Stock Exchange is scheduled to move to its near headquarters at BGC from its current location in Makati.
BGC is also well-known for its shopping areas, theaters, bars, clubs and restaurants. Some of the prominent shoppers’ destinations in the district include SM Aura, Bonifacio High Street, Market! Market!, and Uptown Place Mall. A diverse set of theaters, bars, clubs and restaurants catering to varying tastes and preferences, and clientele and can be found in various areas of BGC.
A newly built studio unit near BGC is available for only PHP 13,500 per month. For those with a tight budget, a one-bedroom apartment is available for only PHP 7,500 per month.