While one needs more than a million to secure a house and lot in a decent village, it’s possible to find a condo for sale in Malabon and other neighboring areas below P1 million. What’s more, one is able to manage monthly payments with the availability of flexible terms.

Aside from the affordability of the property, the accessibility of the location is what home seekers can benefit from when they buy a condo in Malabon. The address is accessible through different transportation systems, from jeeps and buses to taxis and trains. Going around and in and out of the city is easy.

Access to key establishments, such as schools, supermarkets, and hospitals isn’t difficult in Malabon. Several universities are in the city, including City of Malabon University, Arellano University, and De La Salle Araneta University. Robinsons, Fishermall, and Citisquare, meanwhile, cater to needs for basic goods. For healthcare concerns, residents can easily go to Malabon City Hospital and San Lorenzo Ruiz General Hospital.

Malabon City as the Ideal Location to Buy a Condo for P1 Million

Condo For Sale in Malabon below 1 Million

Situated north of the capital city, Malabon is known for its vintage houses. In its innermost streets, one will find streaks of the old colonial design still plastered in age-old structures. Malabon is a city of richness that its name was derived from the phrase “maraming labong” or abundance of bamboo shoots. Yet, interestingly, its abundance doesn’t stop there: its local government has been receiving good governance awards in the last years, its infrastructure projects have been booming, and as a result, more people are drawn to living in this side of the metropolis.

Condominiums are one of the top residential living arrangement seekers choose when moving to Malabon. From young professionals to newlyweds to small families, most people prefer condos. It makes financial sense, first and foremost. While one needs more than a million to secure a house and lot in a decent village, it’s possible to find a condo for sale in Malabon and other neighboring areas below P1 million. What’s more, one is able to manage monthly payments with the availability of flexible terms.

Affordable Condo for Sale in Malabon City for P1 Million

Traditionally, condominiums have been viewed as costly. But with many developers venturing into different market segments, the options widened and a lot of units have become within financial reach for many people that in fact, a lot of people are buying secondary homes or income property. A condo for sale in Malabon and neighboring cities range from P900,000 to P1 million.

Some of those at the lower end of the range are on a rush sale. Although pre-owned, future residents are able to maximize the usual condo space, as well as the amenities in the building. All of the condo units falling in this price range are in low to mid-rise buildings.

What Would a Buyer Expect When Buying a P1-million Condo?

Affordable Condo for Sale in Malabon City 1M

Most of the condo units priced at 1 million pesos in Malabon and neighboring cities are unfurnished, equipped with only the basic living amenities, including decent flooring, painted walls and ceilings, fitted kitchen cabinets and sink, as well as bathroom fixtures. While most of the units only provide one bedroom, some come with two sleeping quarters. The floor area ranges from 13 to 32 sqm.

In terms of amenities in the building, residents can benefit from the 24-hour security and gated entrance, as well as use the function hall, court, clubhouse, swimming pools, and playgrounds. With these inclusions, a condo for sale in Malabon below P1 million is already a good deal.

Why Should Homebuyers Consider Buying a Condo in Malabon, Metro Manila?

Investment Opportunities in Malabon

The city is a business-friendly municipality, offering various opportunities for profit-making ventures. In fact, the affordable condos for sale in Malabon, priced at P1 million, can very well serve as income properties. People who want to boost their financial stability with the least work required can rent out the units and receive monthly earnings. Rental agreements can be in short-term or long-term. Tenants can be travelers staying for a limited period or residents themselves who are still saving up for a permanent home.

Work Opportunities in Malabon City

Businesses coming from different industries have their headquarters in Malabon. Manufacturing companies, specializing in producing all kinds of products, from cleaning chemicals to home fixtures to metal sheets, are in the area. Marketing firms likewise thrive in the city, focusing on digital services. Essential sectors, such as food, banking, healthcare, and transportation are in need of talents as well. Residents moving into condos for sale in Malabon, maximizing the P1-million home buying budget, can benefit from these work opportunities.

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