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What’s in store for those investing in property in Pasay City?
The location of numerous commercial and cultural attractions, the city of Pasay is arguably the most comprehensive lifestyle and entertainment in Metro Manila. Attractions and landmarks most synonymous with the city, and even the country, include the Cultural Center of the Philippines, Resorts World Manila, and the Mall of Asia Complex, among others.
Arguably the most popular place in present-day Pasay is the SM Mall of Asia, a retail and entertainment complex recognized as the fourth largest mall in the world. The city also shares the location of the Ninoy International Airport with Paranaque City, with Terminals 2 and 3, and the Manila Domestic Airport being situated in Pasay.
Living in Pasay City
While widely recognized for its various retail, cultural, entertainment destinations, there is more to Pasay City than commercial activity. Situated near Manila, the regional and national capital, Pasay was developed early on, quickly becoming an urban town during the American colonial period.
As such, Pasay City had always been one of the most comprehensive cities to live in, at it almost always had everything one required for the utmost in modern living. The city is home to notable educational centers like Arellano University, healthcare facilities such as Air Force General Hospital, and financial institutions like the Philippine National Bank Financial Center.
Pasay Real Estate
Like most Metro Manila cities, condominium developments have become a common sight in Pasay City. As a city within the country’s most populous region, the condos in Pasay have risen initially as a means to meet an increasing demand in residential space, but have now also been developed to mirror the commercial and entertainment center the city has become.
A great deal of developments have risen in and around areas like the SM Mall of Asia complex, Newport City, and the Bay City. These provide residents and tenants with comprehensive views of Pasay and Manila Bay and relatively easy access to the city’s commercial and entertainments centers, all in developments that provide their own slew of amenities and conveniences.
Notable Pasay City Developments
There are a lot of neighborhoods and developments in Pasay that are ideal to live in despite the population density it experiences which is common to most highly urbanized cities. Such places include the following:
The Parkside Villas Condominiums
Located in Newport City, the Parkside Villas Condominiums is a residential resort geared at giving residents “a breath of fresh air in city living.” While conveniently located, it offers high number of amenities, which makes it somewhat unnecessary for residents to go out. These include gyms, saunas, swimming pools, jogging paths, and a golf area.
A three-phase development, a number of ready to occupy units in Parkside are presently listed on the Lamudi website. This includes a three-bedroom unit currently on the market for Php15 million.
La Verti Residences
Similarly, there is the La Verti Residences, a condominium development conveniently located along EDSA near the Taft Avenue MRT station. Built in 2014, its brand-new amenities include a swimming pool, basketball and badminton courts, and 24-hour security.
The La Verti Residences are conveniently situated at the converging point of Manila, Pasay, and Makati. Two-bedroom units in the development are currently listed on Lamudi, with asking prices starting from Php3.8 million.
