With the Philippine real estate market in a continuous upward swing, Filipinos are now starting to think about either starting their own investment or expanding their investment portfolio for those who already own properties, especially condos. Financial comparison website iMoney.ph lists 5 of the Philippines’ top spots when it comes to getting new properties.
Bonifacio Global City
Often called “BGC” for short, the neighborhood is a master-planned financial center built and managed by two of the country’s biggest developers – Ayala Land and Evergreen Holdings.
Makati
Living in Makati has tons of benefits. From the well-managed streets to the easily accessible transportation, as well as the abundance of malls and restaurants surrounding the city. Businesses and industries blossom every day at this concrete jungle.
Makati is also close to other top cities such as Taguig and Pasay City, making this a residential and lifestyle hotspot that it is today.
Baguio
Baguio is known as the City of Pines and the country’s summer capital. Millennials will find peace in this clean and well-ordered city and expect potential returns on investment as it recently has experienced quite a huge dose of commercialization and business refinements. Despite rapid development, it still retains its old yet beautiful charm.
Cebu
Cebu has the nickname “Queen City of the South” for obvious reason. It’s one of the most prosperous localities in the country with a robust economy. Add to the charm of Cebu is that it hasn’t lost its provincial vibe with its beautiful beaches and natural resources. Cebu is considered an investment hub and as developed as Metro Manila according to their local real estate experts.
Davao
Davao is the country’s largest city outside of Manila – and also one of its fastest growing. Its economy grew by an impressive 9.4% in 2016, outpacing the 6.9% rate for the Philippines as a whole. This is also the only Philippine city to reach the top 100 in the London-based City Mayors Foundation’s world’s fastest-growing city 2011.
Being the hometown of Rodrigo Duterte, the Philippine’s current (16th) President, it has become a hotspot for business and infrastructure projects.
