Ask others for recommendations on where to relocate, or invest in a property, and a common answer in almost any country is its capital city. This isn’t surprising given how being the seat of government, places that are officially cont the capital of the country they are in often have a great concentration of resources and as a result are among the most developed and/or urbanized.
The Philippines is no exception, with Manila arguably being the busiest city in the country both in terms of economic activity and structural development. For these reasons, and a number of others, the city continues to be among the most in-demand places to buy a home, even if it also happens to already be the most densely populated locale in the Philippines.
While the sheer number of people living in the city may have you reconsidering living in Manila, and the city is admittedly also far from perfect, the benefits of buying a home in the city are still substantial, be it for residents or investors.
Significant property gains
As a location that is highly in demand for both residential and commercial real estate, Manila also sees its properties appreciate significantly in value. So while buying a house or condo in the city is comparatively more expensive than buying elsewhere in the Philippines, the property you purchase in Manila would also appreciate quicker and slightly more significantly than the real estate you acquire in other locations.
In the event that you want to leave the city, or not reside in it at all, the home you buy can also garner you significant income as a rental. As previously mentioned, Manila continues to receive a significant amount of residential demand, and you’d be hard-pressed to not be able to find tenants for your home in the city.
The ideal place to live for career-oriented individuals
One of the key reasons that Manila is among the most widely considered places to live in the Philippines is the different work opportunities that are available in the city. Being the seat of the national government, it is expectedly the location of various government offices, and as such many who are pursuing government careers also choose to live in the city.
As part of Metro Manila as a whole, the capital city is also the location of different private businesses, with several companies’ corporate offices even being situated in Manila. So whether it is the public or private sector, there are various ways to make a living or establish a career in the city, which is made a little more convenient when residing right in the city.
Buy a condo in Manila
With Manila being densely populated and having a limited amount of developable land, condos for sale are the most viable options when buying a home in the city. While far from the traditional house and lot that some prefer to live in, there are also some significant advantages to living in a mid- or high-rise home.
One of these is being in a central location where key places in the city are within convenient distance. A good example of this is Vista GL Taft. A 42-storey tower developed by Vista Residences, Vista GL Taft is set to rise right across the University of the Philippines – Manila and the Philippine General Hospital. This makes the development an ideal residence for both professionals and students who frequent the two institutions. Currently at the pre-selling stage, the development is also ideal for property seekers in search of affordable, high-quality homes in the area that will be for future use.
Also within distance of Vista GL Taft are places like the Manila Doctors Hospital and Medical Center Manila, as well as the Meralco Malate Business Center, and Emilio Aguinalo College and the Philippine Christian University, to name a few. Getting to and from the Vista GL Taft is also considerably easy given its location along a 24/7 commutable road and having LRT stations nearby.
Featuring one- and two-bedroom units, Vista GL Taft is fit for young professionals, small families, and university students, who study or make a living in the capital city and want a home that provides value both in terms of living and as an investment.
Want to learn more about Vista GL Taft and other condos for sale in Manila? Visit the Ohmyhome property investments page for the best and latest residential properties on the market in the Philippines.
To view listings and access the rest of Ohmyhome’s comprehensive real estate services from the convenience of your mobile device, download the official Ohmyhome app.
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.
Featuring thousands of properties across many of the Philippines’ major real estate brands, Ohmyhome differs from other local platforms by going the extra mile and extensively helping buyers narrow down the choices and find the property that best suits their budgets, home needs, and lifestyle preferences.
The company’s Real Estate Agents not only help in the shortlisting of options, but also provide professional services through the entire purchasing process. These include assistance in property inspections, negotiations, the finalization of the Conditions of Sale, deposit collection, the submission of property documents, as well as providing buyers regular updates.
Ohmyhome helps Filipinos find their dream homes, all while making sure each real estate transaction is complete and is an efficient and enjoyable experience.