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From an Old Town into a Flourishing City

One formerly rural settlement that has grown into a highly successful and urbanized city over time is the booming city of Pasig. Established by the Augustinians in 1572, Pasig City was initially created as part of the province of Rizal and was established to be the province’s capital until 1975; since then, it has been the site of many historical events and has played an important role in the Philippine Revolution.

At present, Pasig has flourished into one of the nation’s most important financial centers, especially since the declaration of its cityhood in 1992. Residential and commercial buildings, warehouses, shopping centers, government establishments, schools and other infrastructures line the roads of the city, and are living testaments to its economic success. Ortigas Center, a top business district, is located in the western section of Pasig, who shares this important financial center with the city of Mandaluyong. Currently home to the country’s second largest shopping mall, Ortigas Center also hosts the second trading floor of the Philippine Stock Exchange and the headquarters of the Asian Development Bank.

 

Property Buying in Pasig City

In the eastern part of the city are mostly gated villages and residential areas, while condominium buildings are towering in the west, most notably in the Ortigas Center area. Pasig City properties are sought-after pieces of real estate, but prices vary according to where in the city the real property is located.

One of the gated communities or subdivisions in Pasig City that offers plenty of houses for sale is Valle Verde. Situated just east of Ortigas Center, this six-phase subdivision developed by Ortigas & Co. features some of the most expensive properties in Pasig City. Houses here are spacious, with most having a minimum of four bedrooms, and have asking prices of upwards of PHP 50 million.

On the more affordable side is Greenwoods Executive Village located close to Pasig City downtown or poblacion area. Houses in this subdivision are perfect for above average-income homebuyers, ranging in price from PHP 6 million to almost PHP 12 million.

If a house close to Ortigas Center is preferred—but not as expensive as those found in Valle Verde—then Pasig’s Barangay Kapitolyo is the place to go. Newly built townhouses in this part of Pasig can go as low as PHP 12.5 million, which are perfect for starting families who want to be close to not only Ortigas Center but also to Makati CBD and Bonifacio Global City.

 

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