In Lamudi’s latest Hotspots Unwrapped trend report, all cities in Metro South—Makati, Pasay, Taguig, Muntinlupa, Las Piñas, and Parañaque—made it to the list of 22 cities to watch in 2022. Condo demand near central business districts (CBDs) in Metro Manila also jumped to 40% following the return-to-office mandate in April.
These data snippets hint at the investment potential of condos in Metro South. So if you’re looking for a safe way to make your money work for you, it’s high time to consider new properties down south.
Here are some data-backed and location-focused reasons to invest in a Metro South property:
Upward Condo Demand Trend
Pasay City is among the notable investment destinations in the metro, based on supply and demand dynamics. According to Lamudi data, pageviews and leads for Pasay condos increased by 22% and 37%, respectively, from 1Q 2021 to 1Q 2022.
Quarter-on-quarter leads for condo rentals and condos for sale also showed double-digit growth. This upward trend is aligned with the increase in condo supply in Pasay.
Listings for condos in the city increased 53% from 1Q 2021 to 1Q 2022. This supply movement is possibly due to a strong condo demand in Pasay and the rest of the Metro South. Most of the condo listings for sale in Pasay are for upscale properties, including units at Grand View Tower by Moldex Land.
A healthy economy is indeed a critical factor in real estate. In Metro South, where major CBDs are located, there’s always an opportunity for economic prosperity. According to a 2020 report, Makati was hailed as the second wealthiest city in the National Capital Region, while Taguig and Pasay ranked 5th and 7th, respectively.
These CBD-hosting cities are expected to see higher property demand as the country enters post-pandemic recovery. Likewise, residential rental inquiries may further increase, with more employees and university-aged students going back to face-to-face settings.
A Pasay condo project like Grand View Tower will then become a viable option for property investors. The development is minutes away from thriving CBDs, including the SM Mall of Asia Complex, Ayala Center in Makati, and Bonifacio Global City in Taguig.
This means that with a Grand View Tower unit, you can tap on the ever-growing rental market in the areas of Pasay, Makati, and Taguig, and even foreigners flocking to CBDs in search of upmarket homes.
It’s also worth noting that in Pasay, one-bedroom and two-bedroom units were the most popular among seekers of upscale properties. At Grand View Tower, investors can find one-bedroom (24.60 to 45.10 sqm) and two-bedroom (62.7 to 66.90 sqm) residences. These units offer provisions for split-type aircon, washer and dryer, and a single-point water heater; some also have a balcony.
Presence of Major Establishments
Further, Pasay condos are sought after because of their strategic location. Grand View Tower, for example, removes the routine of being in long commutes. The development sits close to top-notch schools like Arellano University School of Law and De La Salle University-Manila. It’s also near lifestyle destinations, such as the Bay Area, and notable hotels and casinos like Sofitel Philippine Plaza, Diamond Hotel, City of Dreams, and Solaire Resort.
The only airport serving the metro—Ninoy Aquino International Airport—is roughly 20 minutes away from Grand View Tower. Such a convenient location promises high levels of economic activity, which, in turn, boosts property prices.
Views That Bring Value
A stunning view can potentially bump the price or rental yield of your condo property. It’s one feature that never goes out of style and will continue to hold value in the years to come.
In Pasay, the majestic Manila Bay sunset view attracts property seekers—buyers and renters alike. Grand View Tower is among the condo projects in the area with bayside views. It also has units looking over Parañaque and Makati skylines, where residents can admire the morning cityscape and city night lights.
By owning a property with a view, it’s possible to charge more in terms of rent or resell price.
To sum it up, a condo in Metro South, particularly in Pasay, allows you to benefit from the area’s growing economy and positive property trends.