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All types of real estate can be found in Manila, including condominiums. In terms of investment, condos can be lucrative. |
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Condominiums are typically more affordable than buying or even renting houses. Utility costs and other monthly expenses are lower because of their relatively smaller size. They also require less maintenance and upkeep for the same reason. |
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At present, there are over 1000 rental condo units in the city that are studio to four-bedroom units. The rental fee of a studio condo for rent in Manila, Metro Manila starts at PhP 16,000. |
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You can even rent-to-own a condo in Manila, wherein your monthly rent, although slightly higher than the average, will work as your regular payment towards owning the property. |
Manila is not only the capital city of the Philippines. It is also a major center in terms of finance, culture, tourism, and real estate. It draws people from around the country and from all over the world for visiting as well as for relocating. As a result, the real estate market here continues to grow steadily, year after year.
All types of real estate can be found in Manila, including condominiums. In terms of investment, condos can be lucrative. It sometimes offers more security, easier maintenance, more amenities, and higher affordability than a regular house and lot. Even if you opt not to live in your unit, it can still benefit you as a steady source of income. There is always a dependable supply of tenants in the city.
Condominiums are typically more affordable than buying or even renting houses. Utility costs and other monthly expenses are lower because of their relatively smaller size. They also require less maintenance and upkeep for the same reason. This makes them very popular among young professionals and families alike.
The city of Manila, with a population of more than 1.7 million based on the 2015 statistics, is divided into six districts, which are subdivided into 897 barangays or neighborhoods. Before you find the perfect condo for rent in Manila, Metro Manila, you must find the perfect neighborhood. In terms of good areas to find a condo for rent, Manila is never short on options.
There are many ideal places to find the perfect condo for rent in Manila, Metro Manila. Some are residential with the first floors rented out for commercial purposes. Most are fully residential complete with a lobby and a front desk.
Condos are available in the Binondo district’s vibrant Chinatown. It is the oldest Chinatown in the world, where you can find the popular Plaza Lorenzo Ruiz, which has been a part of the city since 1594. Near this area, in addition to condominiums, you will find historical landmarks such as the El Hogar Filipino Building, one of the most famous buildings in the city.
There are also units available in Intramuros, the “Walled City”. They are situated in the historic center of Manila. These flats are especially attractive options for those who like to be surrounded by landmarks and monuments like the Manila Cathedral and the San Ignacio Church ruins.
In more tranquil areas such as San Miguel, home of Malacañang Palace, the official residence of the President of the Philippines, condos can be found as well. San Miguel, in addition to the districts of Quiapo and Sampaloc, is a part of Manila’s “University Belt,” known as such due to its high concentration of universities, including the renowned University of Santo Tomas (UST).
One will definitely not be left wanting when it comes to living in a condo for rent in Manila, Metro Manila. At present, there are over 1000 rental condo units in the city that come in configurations ranging from studio to four-bedroom units. The rental fee of a studio condo for rent in Manila, Metro Manila starts at PhP 16,000. This is ideal for yuppies and working students who want to live closer to work and school. For families looking for spacious condos with superb amenities, you can rent a three-bedroom, fully-furnished unit along Roxas Boulevard for PhP 200,000. You can even rent-to-own a condo in Manila, wherein your monthly rent, although slightly higher than the average, will work as your regular payment towards owning the property.
FAQs
Are there condos for rent in Manila, Metro Manila with WiFi?
Yes. There are over 150 condo units in Manila with WiFi connection. These are ideal for families with work-from-home employees and children studying via online.
Are there condos for rent in Manila, Metro Manila below 8K?
Yes. If you want to live in a condo in Manila for less, you can opt for condo sharing. Being a bed spacer in a condo can cost you only PhP 6,800 a month on average.
Are there condos for sale in Manila, Metro Manila?
Yes. There are over 1400 condos for sale in the city with one to five bedrooms each. You can own a unit in the city for PhP 1,450,000 to PhP 140,000,000.