Overtaking the Makati Central Business District as the premier office-space market in Metro Manila, Bonifacio Global City (BGC) in Taguig offers the kind of dream condominiums any investor or end-user would love. Units here are some of the most in-demand ones in all of Metro Manila for a reason. Homeowners get prime location, the top employers, premium amenities, and modern structures that are distinctly BGC.
As early as 2017, firms like Leechiu Property Consultants considered BGC as one of the most important real estate districts moving forward, along with the Bay Area, Filinvest City, and Arca South. A bulk of the current supply around these areas are for the middle-income to luxury segment.
This remains true even after the adverse effects of the pandemic on the local property market. With the return of office leasing, rebound of foreign investments, and renewed demand for Metro Manila condo units, BGC is seen as a key area for our residential resurgence. Historically, property prices in areas like BGC have increased in the years following the global financial crisis in 2008. Prices rose by 20% in 2010 and by 50% in 2012.
With proven resiliency in the past, we can see a similar trajectory for the district happening in the post-pandemic era. Similarly, districts like the Makati Central Business District, Rockwell, Eastwood City, and others have seen steady yields, too. In 2021, the Global Property Guide added that gross rental yield in Metro Manila remained stable. These numbers were at 7.01% for condo units of 45 sqm. and at 7.16% for 80 sqm.
In addition, Colliers International Philippines also expects prices and rent rising in 2022 by 1.5% and 1.7%, respectively. Invest in or reside in BGC and you get to have a property investment with proven strong growth potential through any economic crisis.
Where to Look
As alluded to above, middle-income to luxury projects will be a primary driver for the local property market moving forward.
Trends during the pandemic show that buyers prefer greener spaces in their properties, as well. With this in mind, Grace Residences is a good place to buy real estate. This SMDC project is situated in close proximity to both BGC and the Makati Central Business District. It offers more than a hectare of open spaces and is complete with features like meditation areas, swimming pools, and more. Property prices here range from ₱3,300,000 to ₱5,600,000 one- and two-bedroom units.
Likewise, The Courtyard offers condo units in this similar price point. This urban vertical village should appeal to end-users who value premium amenities like a gym, pool, and fire protection and alarm system. It also provides access to the best of what Taguig has to offer. A studio unit here should be a worthy rental option for young professionals and students around the district.
The Trion Towers, on the other hand, is ideal for both investors and end-users looking for a top-shelf development with first-rate amenities. This project puts a premium on recreation, from its screening rooms and cyber hub to studios, lounges, and more. Choose from one-, two-, or three-bedroom units from 42 sqm. to 102 sqm. Unit prices here range from ₱5,000,000 to ₱13,000,000.
With evidence of past resilience and strong growth projections, BGC is vital to the rebound of the property sector in the coming years. Buy real estate now and you get a stable property investment in one of the Philippines’ top property hotspots.
An Ohmyhome property agent is always here to answer all your questions and address any of your concerns.
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 their 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.
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