To say that the city of Manila is heavily built-up with little space left for traditional horizontal housing and open parks is quite an understatement. As the Philippine capital city has been permanently inhabited since at least the 13th century, Manila’s population has ballooned tremendously since then, necessitating the building of residential structures to house its ever growing number of residents.
Through the years, especially during the 20th century, we have seen Manila’s real estate landscape experience many ups and downs. Manila witnessed its prized locations Intramuros, Binondo, and Escolta flourish only to experience urban decay when newer, more hip neighborhoods in other cities, namely Makati, Pasig, and Taguig, were established. However, as the real estate industry is highly cyclical, the city is once again experiencing a revitalization of sorts, as property developers are now seeing the city’s still huge potential when it comes to residential real estate. Plenty of apartment developments scattered all around the city are in the pipeline, making sure that a constant supply of quality apartments for sale in Manila will be available for city’s present and future residents.
Aside from the usual suspects—well-known property developers with high-ticket apartment projects in Manila—there are also a number of smaller, but by no means weaker, real estate players who are building exciting projects in the city.
One of which is Manila River City, a project in the Santa Ana District of CDC Holdings. This nine-tower project, ranging from nine to 20 stories tall, is situated along the southern banks of Pasig River, offers 21 to 43 square meters apartments for sale, and ranges in price from PHP 1.1 to PHP 3.6 million. This estate, whose towers are each named after a famous river, also offers topnotch amenities, including a swimming pool, a playground, and a pavilion.
Also within Santa Ana, just a stone’s throw away from Manila River City, is its sister project Rivergreen Residences. This two-tower project sitting beside the OB Montessori School boasts of topnotch amenities, and offers studio, one-, two-, and three-bedroom apartments for sale, ranging in price from PHP 2 million to PHP 3 million.
Another project that offers plenty of apartments for sale in Manila is Megaworld’s Noble Place development in the historic Binondo or Chinatown District. Targeting the well-heeled Filipino-Chinese community in the area, Noble Place is for those families who maintain numerous businesses in the area and want to be close to them. A typical one-bedroom apartment in Noble Place measures 38 square meters and has an asking price of PHP 4 million.
The aforementioned Santa Ana District is a good place to start looking not only for apartments. The city is quickly becoming home to numerous newly built developments, thanks to the area’s still large availability of vacant residential lots. A typical apartment in Santa Ana is composed of several three-storey units, each of which boasts of three bedrooms and three bathrooms, and is on offer for PHP 4.9 million. Although these kind of apartments may not have the same amenities as those being offered by those in high-rise units, they come with much larger living spaces, making them more suitable for families.