When one talks about the city of Manila, the first thing that comes to mind is the busy and noisy metropolis that sits on the edge of Manila Bay. It is on the shores of the bay, which is world-famous for its picturesque sunset, and the Pasig River where the capital of the Philippines traces its origins, dating back to a time when the area was a swamp and Islam was the most dominant religion in an island that was subdivided among clan-ruled mini-states. When the Spaniards came, they took control of the native settlement that was named after the nilad, a type of water lily that was prevalent on the Pasig River during the time, and built on it the new capital of their latest territorial possession.
Manila is the capital and the seat of government of the Philippines. It is the anchor of Metro Manila, the largest metropolis in the country and one of the largest metropolitan areas in Asia. Most economic activity in the country is still done in Manila and the rest of Metro Manila, as well as the adjacent provinces of Cavite, Laguna, Rizal, and Bulacan. As a thriving metropolis with everything one needs to live a comfortable life, it’s a sought-after place to live, and real estate developers have taken full advantage of the area’s potential as a residential enclave. For this reason, it’s easy to come across a condo for sale in Manila.
The city is divided into 16 districts, namely Intramuros, which is located on the old walled city that the Spaniards built on top of the former native settlement; Binondo, the oldest Chinatown in the world; Tondo; San Nicolas; Santa Cruz; Quiapo; Sampaloc; Santa Mesa; Santa Ana; Paco; Pandacan; San Andres Bukid; Malate; Ermita; and the Port Area, which was centered on the harbor that was built on reclaimed land from the Manila Bay to the west of Intramuros. They make Manila a very interesting place to visit, especially for tourists from all over the world who want to see for themselves what the Philippines can offer in one place.
All these desirable features underscore the area’s reputation as a very livable and economically prosperous city. Whether you’re looking for the perfect place to settle down or a lucrative investment property, a condo for sale in Manila is your best bet.
Being the political and economic nerve center of the Philippines, the city of Manila hosts the country’s premier real estate market. Property development companies always prioritize Manila, along with the other cities of Metro Manila and the Greater Manila Area itself, whenever they come up with new projects or effective sales and marketing campaigns.
Medium-rise and high-rise vertical developments like condominiums are the most common properties here, so you won’t have any difficulty finding the right condo for sale in Manila to suit your needs and budget. Like most cities in the capital region, there is a scarcity of land in Manila that limits the horizontal developments being built by real estate companies. However, this land shortage is more evident in the city because it is the oldest built-up area in the metropolis. Many larger open spaces are dedicated for use as parks, sports complexes, and cemeteries or are owned by educational institutions.
A condo for sale in Manila is one of the most desirable properties for investors looking to reside or take part in the economic activity of Manila. Despite of land availability limitations in the city, real estate companies are still able to make the most out of the condominiums that they build by making sure that every condo for sale in Manila has the best possible deliverables, features, and amenities. Potential real estate investors are aware of the benefits of buying a condo for sale in Manila, especially the great investment potential and appreciation of market values.
The consistent development and building of condos in Manila enable potential real estate investors who are looking for properties to buy to have a multitude of options available. For instance, a 106 square meter two-bedroom unit at Mayfair Tower 2 along United Nations Avenue in Ermita gives a potential investor a great view of the Manila Bay sunset and is priced at an affordable PHP 12.5 million. Another example is a PHP 5 million, 54 square meter, one-bedroom unit located at the Low Zone of the Noble Place in Binondo. This property gives its future owner a first-hand taste of what life is like in the oldest Chinatown in the world. If one wants to enjoy the relatively peaceful and more preserved district of Santa Ana with easy access to Makati and Downtown Manila, there is also an available condo for sale there. The 21 square meter studio-type unit at River Green Residences along Pedro Gil Street can be purchased for only PHP 1.552 million.
Frequently Asked Questions
Is there a penthouse for sale in Manila?
Yes, there are 11 penthouses for sale in Manila. If you want to live a life of luxury in the heart of Metro Manila’s capital, then a penthouse condo is the best choice for you.
Is there a 3-bedroom condo for sale in Manila?
Yes, there are 74 3-bedroom condos for sale in Manila. Buying a 3-bedroom condo is great if you have a small family or if you want to get the most lucrative rental property.
Is there a condo for sale in Manila near Manila Baywalk?
Yes, there are 316 condos for sale in Manila near Manila Baywalk. A condo near Manila Baywalk offers beautiful views of the famous Manila sunset and the calm ocean ahead.