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Caloocan, Metro Manila Lot For Rent | MyProperty.ph

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Caloocan city: A tale of two regions

Once upon a time, the city of Caloocan encompassed a large continuous area which wasn’t split into two. It was in the 1940’s when the Congress passed a law that re-allocated the districts of Balintawak, La Loma and Novaliches, to the planned new national capital, Quezon City. Today, Caloocan is split into two areas- the southern part of city, which borders Manila and the location of the famous Andres Bonifacio Monument in Monumento, and the much larger northern part, which locals associate more with the former town of Novaliches.

As one of the local government units that form Metro Manila, Caloocan is one of the most accessible and most developed cities in the Philippines. The LRT Line 1 (LRT-1) traverses a large part of the south. Most notably, the city’s most famous landmark and, for a time, LRT-1’s northern terminus is the Monumento Roundabout. As the name implies, Monumento is the location of the Andres Bonifacio Monument, which was designed and executed by National Artist for Sculpture Maestro Guillermo Tolentino, and built as a memorial to Katipunan founder and patriot Andres Bonifacio. The monument is a reminder of the struggles and triumphs of the Filipino people in their quest to attain independence from colonial rule.

Retail giant SM Prime Holdings recently opened SM City Sangandaan, its first mall in Caloocan. It is 38,000 square meter mall that welcomes shoppers and diners to its air conditioned halls and shops. Other shopping centers in the area include the Victory Central Mall, Araneta Square, and various branches of Puregold and SM Savemore. The 10th Avenue area is popular due to the cluster of motorcycle dealers and motorcycle parts dealers.

Much of Caloocan is an industrial zone, as both the northern and southern parts of the city hosts a large number of factories. These factories produce much of the good that are being sold in Metro Manila and other provinces. They also provide jobs to majority of Caloocan’s residents and income to the city government.

The City Government of Caloocan has approved the construction of the 1.7-hectare Caloocan Sports Complex in North Caloocan City, with building foundations already in place as of the start of 2017. Once finished, the complex can seat up to 3,000 people and will house a semi-Olympic sized swimming pool, tennis courts, a jogging path, gazebos and a leisure park. It will also have a wide parking space to accommodate those from distant areas who own vehicles.

Properties for rent in Caloocan

With the city government’s shift to strengthen the commercial sector, the city’s income is expected to increase. Land prices will rise and the population will grow. Indeed, Caloocan’s business sector is ripe for taking and the potential for growth may exceed expectations.

Currently, there are a handful of commercial properties being rented out in Caloocan, most of which are in the northern area, where a steady increase in population has been seen due to an abundance of subdivisions. One of these said properties is the 800 sqm property in General Luis, with its high ceiling and cement flooring. Another is property in Camarin, which is greatly accessible and located not far from Fairview, Quezon City. Caloocan is expected to experience more improvements within the following years, and any smart investor should know that investing in the city will reap great rewards in the long run.

 

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