It’s easy to see why Pasig appeals to so many homebuyers. This progressive urban haven is built for sustainable development. Along with Quezon City, Pasig is considered one of the country’s top growth hubs (it does have the second-largest business district in Metro Manila, after all). Not to mention, it is home to some of the hippest hangout spots around, with the likes of the Ortigas Center, Kapitolyo, Metrowalk, and more.
Pasig owes the success of its local economy to its transportation, infrastructure, and government efficiency. And it has only gotten more robust with projects like the Bonifacio Global City-Ortigas Center Link Road Project. Meanwhile, stalwart Mayor Vico Sotto has been heralded for his honest work. Sotto defeated incumbent mayor Robert Eusebio in the 2019 local elections and is seeking a second term in 2022. The young mayor was even named a recipient of the International Anti-Corruption Champions Award.
On top of this, you’d be living in one of the most livable cities in the world. In 2018, Pasig was proclaimed the Philippine National Capital of the 2018 World Wide Fund for Nature’s (WWF) One Planet City Challenge (OPCC). The biennial global challenge recognized the green city’s comprehensive action plan to reduce carbon emissions. The city even banned the use of styrofoam and plastic bags on dry goods.
Reside in Pasig and you also get a property that is less costly than its Central Business District counterparts in Makati, Taguig, and others. For instance, numbers from Numbeo.com show the average apartment price per sqm. within the city center is roughly around ₱151,000. Makati, on the other hand, averages around ₱201,000. This means that properties in Pasig are 33% cheaper than the ones in Makati.
Invest in the city and you get to buy real estate for dozens of potential renters looking for a space near its commercial districts. Pasig even saw the smallest decline in residential rents during the first quarter of 2021 at only 1.9%, according to data from the Global Property Guide. The gross rental yield for Pasig properties within the city center is at 5.59%, as well.
Where to Invest
Projects from developers like RLC are great places to buy a home. SYNC, for example, is located along C5 and can offer buyers the perfect opportunity for a future rental property for professionals and students. Unit prices at this preselling condo range from ₱3,993,000 to ₱5,607,336. At P7,948.61 a month, this property can help grow your wealth.
Check out RLC’s CIRRUS, as well. This is another project situated near major thoroughfares like Ortigas Avenue and C5. You or your tenants will surely enjoy only being a few minutes away from Libis, Ortigas, and other business districts. Reside in Pasig here for about ₱5,800,000 to ₱6,400,000 only.
Likewise, The Sapphire Bloc is another RLC project worth the investment. Located at one of the most distinguished addresses in Ortigas, this property seemingly blends a walkable lifestyle with the vibrance of urban living. Units here sell for ₱7,804,964 to ₱11,500,000. The monthly amortization for 30 sqm to 37.30 sqm. One-bedroom spaces here clocks in at about ₱36,000.
In the high-end market, Ortigas Land can offer just what you need for a luxury condo right at the heart of Pasig. Maven and Empress at Capitol Commons offer you boutique hotel-like spaces that give off that VIP cosmopolitan living experience.
Complete with smart home features and amenities like pavilions, gyms, game rooms, and more, these units should offer strong growth potential. Looking at pre-pandemic luxury property data from asiapropertyhq.com, prices increased by 11.1% on a year-on-year average by 2018. Prices were stable even during the pandemic, too. We can expect much of the same moving forward. At the aforementioned projects at Capitol Commons, property prices here range from roughly ₱10,000,000 to ₱86,000,000.
In Pasig, condos in the mid-to high-income segment should get steady yields as the country’s real estate market bounces back from pandemic woes. The city possesses all the qualities that end-users and investors are looking for: smart, green spaces, access to CBDs and major thoroughfares, lifestyle hubs, and a proven year-on-year growth rate.
Are you looking to buy a home in Pasig? Book a free consultation with an Ohmyhome property agent today to get started! For more information on the best and latest property listings nationwide and how our Ohmyhome’s online ecosystem helps investors like you, visit Ohmyhome.com or download the official Ohmyhome app.
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