Some cities in the Philippines are well known for certain traits. Makati is the country’s foremost business and financial center, while Quezon City is known to be the home of the local entertainment industry. In addition, Cebu City is known for its colorful Sinulog Festival held every January, while Davao, aside from being the hometown of incumbent president Rodrigo Duterte, is the country’s fruit basket.
While the City of Manila, the nation’s capital since the 16th century, may not be any of these, it more than makes up for in culture, history, and, most importantly, education. In fact, Manila is home to many of the Philippines’ most prominent and important colleges and universities, the most notable of them are situated in the city’s University Belt and Taft Avenue areas, including the University of the Philippines Manila, De La Salle University, University of Santo Tomas, and Far Eastern University, among many others.
As young Filipinos head to university or college in increasing numbers each year, many of them flock to premier learning cities, such as Manila, to further their education. And because not everyone lives in the perimeter of their chosen school or university, more often than not, they are faced with the problem of accommodations.
Some parents opt to send their kids to dormitories, which may not be very conducive to studying. However, some choose to buy condominium units that can also double as an investment property, which makes perfect financial sense. After all, the condo unit can be turned into a rental property once the original resident is done with their schooling, thus earning the owner passive income. And a city like Manila, with its topnotch colleges and universities, will not run out of student-renters, which is one of the reasons why there are many options when it comes to condo for sale in Manila.
The aforementioned University Belt and Taft Avenue areas are the best places to find condos for sale in Manila. These locations are where many real estate developers have launched most of their Manila condo projects, in an effort to tap into the largely underserved student accommodation market.
One of the well-known condos in Taft Avenue targeting students in SMDC’s Green Residences, which is a 50-story high-rise residential skyscraper boasting such amenities as a study room, a lap pool, a game room, a podium retail area, and 12 passenger elevators. This condo is near both the De La Salle University and College of Saint Benilde.
Another Manila condo close to an esteemed school is Victoria de Manila of New San Jose Builders, which is within short walking distance of the University of the Philippines Manila. This Manila condo for sale offers more than the usual, as it also has a jogging trail; basketball court, a tennis court, and a badminton court; in addition to a fitness gym and swimming pool. A typical studio unit here can be had for Php2 million to Php3.7 million.