The City of Manila has been a witness to many of the Philippines’ most historic moments. It has experienced some of the most tragic events, such as the Battle of Manila toward the end of World War II, as well as the most uplifting, such as the visits of Pope John Paul II in 1995 and Pope Francis in 2015.
Despite the struggles it has gone through, Manila was able to rise again and regain what it lost. Bombed to ruins before the end of World War II, the old walled city of Intramuros and Fort Santiago were restored to their former glory and are known now as important heritage sites.
Centuries-old Catholic churches stand a stone’s throw away from skyscrapers and modern shopping malls. With the ever-reliable Divisoria, a cacophonic market with stalls selling everything from wholesale-price fabric to camera parts, Manila teems with shoppers from all over the country. It is also worth noting that Manila is home to Binondo, the world’s oldest Chinatown.
Aside from old-fashioned attractions, the City of Manila has an abundance of modern conveniences, such as shopping malls, museums, luxury hotels, and an ocean park. Although it may seem like Manila is void of green spaces, it is also home to the Arroceros Forest Park, a 2.2-hectare riverside urban forest situated next to the city hall.
Manila is the seat of the Philippine national government. It is home to the Malacañang Palace, where the president resides and holds office. It’s also where the building of the Supreme Court of the Philippines stands. Hence, Manila’s historicity and wide array of establishments along its main thoroughfares are the reasons lots for sale in Manila are ideal for both residential and business purposes.
Land for Sale: Manila and Its Opportunities
In a city that has a population of 1.78 million as of 2015, packed in an area that is no bigger than 42 square kilometers, it may seem that a lot for sale in Manila is impossible to find. Although finding an empty lot may be challenging, investors and property hunters will be happy to learn that purchasing a lot for sale in Manila is still very much possible.
The lots for sale in Manila vary in price depending on its land area and its location. Those that measure less than 500 square meters can be sold for around PhP 8,750,000 to PhP 30,000,000. Many sections of the city, especially the Malate, Ermita, Divisoria, and Santa Mesa districts, have plenty of old houses and buildings that sit on prime land. However, these properties come at very hefty price tags.
An example includes a 3,200-square meter commercial lot in Sta. Mesa Manila that is currently listed for PhP 500,000,000. This spacious lot is near SM Sta. Mesa. Encompassing three streets, this property is ideal for residential developments such as townhouses and condominium complexes. This property rivals the price of those found in the business districts, such as Makati and Taguig. It’s a testament to how valuable real estate in Manila is.