The last 10 years was quite exciting for Parañaque, a city within Metro Manila that is home to almost 600,000 residents. Since the early 2000s, the city was witness to the expansion of its commercial and retail real estate sector. The city is now home to several huge shopping malls, including SM City Sucat, SM City Bicutan, and SM City BF Parañaque. In the last two years, it has also seen the opening of billion-dollar integrated resorts - Solaire Resort & Casino and the City of Dreams Manila. Two more of such developments are slated to open in 2016.
For a long time, the city has been known as a popular suburban residential location south of Makati. Within the city, one can find numerous gated communities and subdivisions, such as:
The city is divided into two congressional districts. Each is comprised of eight barangays, but this is mostly for legislative purposes as most long-time residences identify their address with their subdivision instead.
This keenness towards establishing residence in the city is quite profound as a good number of the business and commercial developments are made to be within, or in close proximity to, particular neighborhoods.
Aside from houses in subdivisions and gated communities, apartments for rent and for sale are gaining popularity amongst the home buyers in Parañaque. The city’s huge size means there are plenty of options suitable for any budget.
Most of these properties are found in the areas close to the South Luzon Expressway, such as Sucat and Bicutan. The most sough-after properties include the Avilion Gardens in Better Living, and Palm Grove and Raya Gardens developed by DMCI Homes. Units in these estates can range from PHP 2 million to PHP 10 million.
For high-rise apartments for sale, one can opt for the Azure Urban Resort Residences just opposite SM City Bicutan. It is a well-publicized development that boasts of six resort-themed towers and a man-made beach. Numerous mid-rise estates are also under construction in Parañaque. Take note of Sienna Park Residences, Asteria Residences, and Arista Place also by DMCI Homes and Amaia Steps and Avida Towers in Sucat. These apartment units range from PHP 1.9 million to PHP 5 million.
Flats are becoming one of the most preferred types of residence in Metro Manila. Living in an apartment in Parañaque provides reasonable proximity to important commercial and financial areas in the city. Similar to a subdivision, it also provides a particular sense of community.