Although not formally a city or local government unit, Ortigas might as well be one given its popularity which results in many addressing the area as if it were a standalone locale in Metro Manila. In truth, the Philippines’ second-most important central business district is actually part of three cities, given its location at the joint boundaries of Mandaluyong, Pasig, and Quezon City.
Composed of over a hundred hectares of land, Ortigas is home to several retail and lifestyle centers, offices, and even schools and healthcare facilities. Among the most notable of these are The Asian Development Bank compound located in Ortigas’ west side or Mandaluyong section, The Medical City on its eastern or Pasig side, and Robinsons Galleria on its northern or Quezon City side, just to name a few.
Invest in a home that is within range of three cities
Given its being the home of the aforementioned places–as well as a slew of others-and sharing boundaries with three cities, it is not surprising how the district is also among the most in-demand places in the country when it comes to residential real estate. Homebuyers surely know the benefits of being able to live in a place that has many modern conveniences and necessities within reach, and their schools and offices also within a reasonable distance.
For property investors, owning residential real estate in Ortigas is also largely beneficial. For those aiming to rent out their home, they can always expect to have tenants given the locations aforementioned desirability as a place to live in Metro Manila. If not leasing out their home, investors can also expect their Ortigas property to increase significantly in value over time because the area is after all one of the country’s most important business districts.
Buy a condo in Ortigas
Since the district spans three cities, homebuyers have a wider range of residential choices, be it within Ortigas itself, or areas within the Mandaluyong, Pasig, or Quezon City that are relatively close by.
Being in the heart of Metro Manila, condominiums are among the most available types of homes in or near the business district. The good thing is, similar to how almost every type of retail store, office, educational institution, and educational facility is present in Ortigas, there are also a variety of condominiums to choose from in the area.
Among the more notable of these is The Spectrum by Vista Residences. A 33-story highrise built by the building arm of Vista Land, The Spectrum is a condominium community located right in the heart of Ortigas and features some of the most comprehensive features and amenities. Among these are 24-hour security, a pool area, and a multi-function hall.
Situated along the Dona Julia Vargas Avenue and Garnet Road in the Mandaluyong end of Ortigas Center, The Spectrum is easy to get to and from the district’s different areas. Residents can easily find themselves in places like SM Megamall or Wack-Wack Golf and Country Club, and then just as easily be back in their studio or one bedroom unit.
As of January 2021, units at The Spectrum are presently being sold for a monthly amortization of just under Php53,000 per month following a 15-year term. The development is scheduled to be fully complete and ready for turnover by 2023.
Ready to take the next step in your Ortigas home investment? Visit Ohmyhome to learn more about The Spectrum and other notable condominiums for sale in Ortigas?
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Ohmyhome was launched in the Philippines in September 2020, following the company’s establishment of a tech team in the country in 2017. Ohmyhome was originally founded in 2016, and subsequently rose in Singapore as a leading PropTech solution and licensed real estate agency.
Ohmyhome expanded into the Philippines so that Filipino home seekers can have a real estate partner that they can trust to have their best interests at heart and can be relied upon to provide exceptional services throughout the entire property journey.
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