Manila is the capital city of the Philippines. It has witnessed the country’s transition from colonization to modernization. In 1571, the Spanish city of Manila was established by Miguel Lopez de Legazpi. Since then, Manila has evolved into a commercial hub that Filipinos recognize today. Similar to the other cities in Metro Manila, it is an investment hotspot where businesses and investors seek opportunities.
Manila prides itself in being a historical city that sustains the country’s beauty and culture, while remaining to be a progressive and modern. Travel back in time within the walls of Intramuros and see the defense fortress used in the Spanish era called Fort Santiago. You can also pay your respects to the Philippine National Hero, Dr. Jose Rizal, by visiting his shrine in Rizal Park. Learn more of the country’s history and culture in the National Museum of the Philippines, Cultural Center of the Philippines, National Museum of Anthropology, and Metropolitan Museum of Manila.
One of the advantages of living in Manila is the proximity of nearby establishments such as shopping malls, educational institutions, and hospitals. You can easily navigate to these locations through major roads like Taft Avenue and Espana Boulevard.
These are the shopping malls you can visit in Manila:
Here are the renowned educational institutions located in the city of Manila:
These are the well-known hospitals that provide quality healthcare in Manila:
When looking for an apartment for rent in Manila, you should establish your budget to help you narrow down your search. There are affordable options available depending on the location, amenities, and demand of the building. If you will get a Manila apartment for rent, the monthly rent can range from PhP 6,000 to PhP 65,000.
Renting an apartment in Manila will give you the opportunity to save up money and purchase property in the future. It is an affordable living option especially if you’re only looking for a temporary space to be within proximity to a school or office. When you get an apartment for rent in Manila, you can save time and money for transportation on a daily basis. The budget and time can be allotted on more important matters.
It will be an ideal move for investors to purchase property in Manila and transform it into an apartment complex. Since more Filipinos are heading to Manila to seek career and educational opportunities, there is higher demand for housing. Investors can take advantage of this by opening a residential space that people can rent.
As more people head to Manila, businesses have more opportunities to open up in the area. Residents will need services from restaurants, laundry facilities, and convenience stores on a daily basis.
When more businesses open in Manila, there will also be more work opportunities for job seekers. In Manila, businesses from different industries like real estate, retail, and banking are continuously expanding and seeking employees. An apartment building will typically need to hire maintenance workers, security guards, and managers.
A condominium unit located in Manila can be priced anywhere from PhP 1 million to PhP 60 million depending on the amenities, accessibility, and market value.
The monthly rent for a condo unit in Manila can range from PhP 8,500 to PhP 150,000.
Your expenses when it comes to living in Manila will mostly depend on your needs and lifestyle. If you want an affordable option for a living space, you should consider dormitories or boarding houses.