Olin at Jade Drive is a great place to call home within the bustling Ortigas Center. Situated near the fabled Exchange Road, the residential condominium is within proximity of major office blocks, malls, schools, and medical facilities. Unit sizes come in studio and 1-bedroom units, each measuring between 19 sqm for non-balcony studios to 36 sqm for one-bedroom units with balcony views. Prices range from P5.6 million to P10.9 million, with parking spaces an added option.
Ortigas Center Has Its Own Special Vibe
When you look at the business districts of Metro Manila, each one seems to exhibit its own personality and vibe. Sure, Makati holds the title of most senior and prestigious and Bonifacio Global City is the modern, brash newcomer who’s way into tech. Meanwhile, Ortigas Center seems to be happy in the middle of the conversation. The area is definitely less stuffy than the other two districts, and it’s definitely easier to access compared to the burgeoning Bay Area. Plus, many local heavyweights set their headquarters here. Think of San Miguel Corporation, Meralco, Benpres, Banco de Oro, JG Summit, and Union Bank. Clearly, there must be something special about Ortigas Center that makes it a very viable alternative as a business location.
In addition, prominent malls and dining and entertainment establishments also make Ortigas a lively place to while away the time. Think of EDSA Shangri-La, SM Megamall, Ayala 30th, Estancia, the Podium, and Robinson’s Galleria. As a result, residences and villages have also mushroomed within its borders.
Demand for Residential and Office Units in Ortigas Remains Strong
Meanwhile, the office scene at Ortigas continues to display steady growth. Colliers Property Market Report for Offices (Q4 2022) reports that Ortigas Center remains one of the most competitive business districts out there, with a 15.2% vacancy rate for offices. This represents one of the lowest rates among the country’s major business districts. It helped that the average rental rate of between P650 to P1,000 per sqm is way lower than rates offered by Makati, BGC, and the Bay Area. With budgets a major concern for companies due to heightened inflation, many will be looking into getting more value by moving east to Ortigas. They’ll be welcomed with open arms, as the area has plenty of room to offer. Colliers estimates Ortigas Center to have 129,000 sqm gross leasable area (GLA) available for this year.
Despite its less intense demeanor compared to its Southern contemporaries, investors shouldn’t think of Ortigas as less interesting. Among the major urban districts, Ortigas sports the lowest residential vacancy rates. Its 6.8% rate is more than two times lower than the 14.5% rate held by Makati. Meanwhile, both BGC (20.4%) and the Bay Area (26.3%) are registering much higher vacancy rates. In fact, Ortigas is seen to contribute nearly one-fifth of the country’s residential unit supplies for 2023. And with the residential real estate market reporting a 10.6% residential real estate price index (RREPI) growth between Q2 and Q3 of 2022, experts foresee demand for Ortigas residential properties to continue strong.
Olin at Jade Drive: Ortigas All the Way
With such an attractive location for work or business, it’s only natural for many people to take up residence here. San Antonio village is the second most illustrious village in the country next to Makati’s San Lorenzo. Condominiums are scattered all over the city center, each one ready to welcome productive workers after a long day at work. Among developers staking their claim in the area, the venerable Ortigas Land is taking the lead.
Olin at Jade Drive stands among these residential options for Ortigas-based professionals. It’s a 52-story residential tower featuring 1,245 residential units and 318 parking slots. In addition, it also contains all the necessities to maintain a great work-life balance for its residents. Its location near the fabled Exchange Road means Olin commands choice proximity within major malls, office blocks, schools, and dining establishments. At the same time, going in and out of Olin at Jade Drive becomes very convenient. Major thoroughfares such as EDSA, C-5, and Ortigas Avenue run right across the district. Two MRT stations plus UV Express and Bus terminals are also within the area. In the near future, Ortigas will also host a subway station and a new railway.
Go All-In with Olin at Jade Drive
The residential enclave itself is a masterpiece of modern living. This includes standard health and fitness amenities designed to nurture busy bodies during their off days. An assortment of swimming pools, a gym, and landscaped gardens all provide an escape from the daily grind. A lounge, function hall, and meeting rooms are also available to keep social and communication lines open with friends, family, and associates. And for those who can’t get enough of work but would prefer to stay home, Olin at Jade Drive offers temporary workspaces complete with internet access and desks. Retail shops will fill the ground level to provide basic necessities such as convenience stores, laundry shops, and cafes.
Residential units of Olin at Jade Drive consist of studio and 1-bedroom units, which are both perfect for urban professionals and small families. Both unit types offer an option for balcony views as well. In particular, studio units feature area sizes between 19 sqm to 25 sqm with prices starting at P5.6 million up to P7.5 million. Meanwhile, 1-bedroom units feature area sizes between 32 sqm for non-balcony and 36 sqm for those with balconies. Prices range from P9.3 million to P10.9 million. Parking spaces are also available beginning at P2.1 million.
Shine Bright at Olin at Jade Drive, Let Ohmyhome Be Your Guide
Learn more about Ortigas Land’s Olin at Jade Drive by visiting its Ohmyhome page. We’ll gladly put you in touch with professional real estate agents who can help find that perfect unit. Ohmyhome also features an impressive listing of over 80,000 properties from 180 developers. Apart from Olin at Jade Drive, our network of real estate experts can help you choose the best properties and score the best deals. For easier access to news and announcements, follow the Ohyhome channels on Facebook, Instagram, and YouTube. Or, download the iOS and Android apps for daily updates.