Living In The Hottest Business Districts Of The Philippines
The Philippines’ real estate industry is one of the most successful and booming as of today. This has resulted to the massive number of expats wanting to have a spot and purchase a property especially on key business districts and areas. This factor also triggered a phenomenon on which the prices of condominium units rise unceasingly.
Makati, Taguig and Pasig are among the top business districts surrounded by establishments and buildings as well as businesses which made all of it perfect for development. That is why, it is continuously being commercialized as more and more properties are being built to be sold.
Looking into the city of Makati, most of the condos standing at this area are surrounded by businesses, retail outlets, and high-end leisure and entertainment facilities. While traffic can be a challenge, particularly during the extended rush hours, living in this area is still ideal especially for expats working in the Makati business district. The top real-estate developments are concentrated in the upscale neighborhoods of well-known Villages. However, because of its status as the country’s financial capital and the constant demand for living space, renting or buying a condo here can be quite pricey. Though, this may not matter so much especially for those who are vying for convenience and comfortability.
The business district of Taguig on the other hand, is relatively young compared to Makati and Ortigas. But still, it is a top destination for expats attracted to its startups and established companies. Its central district is known as Fort Bonifacio Global City (BGC). It was built from a former military reservation and it’s considered as a masterpiece of urban planning with wide, open parks scattered throughout. It is also relatively less congested compared to its counterparts, and expats with children can choose from the many international schools that have opened campuses in the area including the British School Manila, the International School Manila, and the Manila Japanese School to name a few. It is also a center for health care, being home to St. Luke’s Medical Center, one of the best in the country. So, it is really a good place to settle down and live a stable life.
Lastly, Pasig City; this place has been considered as one of the country’s financial centers for the past two or three decades. Its financial district, Ortigas Center is the location of the Asian Development Bank and the Philippine Stock Exchange. This district is surrounded by three large malls which is SM Mega Mall, Shangri-La Plaza, and Robinson’s Galleria. However, the district’s narrow streets and layout make it difficult to get around compared to Makati and Taguig.
As of today, the only problem right is the threat of space scarcity ang overpopulation. When these business areas become overcrowded and congested, traffic will be more rampant and it would be harder to settle and live a stable life. This means, it is also important to have balance and to limit the consumption of space.