The city of Makati has an extensive history. During Spanish rule, it was widely known as a pilgrimage destination and served as home to a number of churches and other places of worship. It was during the time of the Americans however, when the city took major steps to become the leading business district that it is today. It started off by becoming the location of the first major airport in the Luzon region.
Fast forward to today, it is recognized by many as the most prominent city in terms of economic and financial activity in the country. It’s also one of the most sought-after destinations for real estate, with many developers and investors scrambling to purchase a lot for sale in Makati. The city tends to almost double its population during the day with thousands from other cities from as close as Taguig to as far as Muntinlupa making their way into Ayala Avenue and other similar districts to work, study, dine, and shop.
Having the highest concentration of local and multinational companies in the country, one may assume that there are not many lots for sale in Makati. While the choices are indeed comparatively fewer than other Philippine cities, carefully checking the market will still show that there are many lots available for those looking to buy land in the city.
A lot for sale in Makati is also valued at a higher rate than most cities as real estate located here is considered to be at a premium because of their location in the country’s main business district. With that in mind, purchasing a lot for sale in Makati guarantees a great return in investments, as it’s always in high demand with renters and developers.
An available lot for sale in Makati is comparatively fewer as compared to the rest of the capital region. That is why most of these properties are relatively pricier compared to other cities in Metro Manila. This does not mean, however, that they are unaffordable.
To give you an idea of the varying sizes and prices of a lot for sale in Makati, here are a few examples. A commercial lot for sale in Makati can sell from PHP 18 million for 303 square meters in San Antonio Village to as much as PHP 420 million for 2,100 square meters along Sen. Gil Puyat Avenue in the central business district. You can also find a prime residential lot for sale in Makati, most of which are situated in the exclusive gated communities of Forbes Park and Dasmariñas Village, among numerous others.
Frequently Asked Questions
Is there a residential lot for sale in Makati?
Yes, there are 472 residential lots for sale in Makati. You’ll find plenty of these lots in the many luxurious private villages in Makati, such as Salcedo Village and Dasmarinas Village.
Is there a lot for sale near SM Makati?
Yes, there are 67 lots for sale near SM Makati. SM Makati is situated within Ayala Center, a sprawling retail, lifestyle, dining, and entertainment complex. It also houses the Ayala MRT-3 station.
Is there a foreclosed lot for sale in Makati?
Yes, there are 7 foreclosed lots for sale in Makati. If you find the cost of new lots in Makati too prohibitive, then a foreclosed lot is an affordable option to consider. It’s also great for investment purposes if you intend to buy low and sell high.