One For The Money: Luxury Condominiums In Metro Manila To Invest In This 2019
Like wild mushrooms in a fertile land, daunting skyscrapers across the bustling city of Metro Manila have been sprouting hither, thither and yon. Over the past few years, these artistic tangible manifestations of the country’s thriving economy have been the driving force of budding industries such as Real Estate and Construction. It is only sensible why there is an increasing demand from investors vying for condominiums as both businesses are major contributors of the country’s economic growth trajectory. As Metro Manila continues to be swarmed by infrastructures anchored by the incumbent administration’s ambitious Build, Build, Build program, investing in some of the Metro’s finest and most expensive luxury condominiums is a first-row-seat-kind-of business edge.
WHY LUXURY CONDOMINIUM IS A WISE INVESTMENT
2018 was a good year for industries whose profit and target market rely on infrastructures. As numbers don’t lie, the Philippine Statistics Authority (PSA) recorded a total of 16.7 percent growth for both private and public constructions in the third quarter of 2018, faster than the 4.0 percent growth reported in the previous year. Even more, from 2019 to 2021, Colliers International Philippines has predicted a completion of 8,300 new condominium units per year amounting to 142,000 units by 2021 or 33 percent higher as compared to 2017. As the number of construction accelerates this 2019, the competitive market for luxury condominiums poses at greater heights as well.
The surge in the number of residential building constructions as reported by the PSA during the third quarter of 2018 places a positive bearing on investors and real estate developers. An increment of 30,638 or 16.8 percent total of residential constructions from the 26,227 projects delineated during the same period of 2017. Luxury condominiums across Central Business Districts are still the major proponent of this data. Colliers projected a flat to marginal rise of 0.3 to 0.4 percent in rents per annum from 2019 to 2021 for the three business districts – Makati CBD, Fort Bonifacio, and Rockwell.
Despite the ramped up supply in the residential market coming from a mixed of offshore gaming employees and local professionals, occupancy rate remains stable for this year. Data from PSA showed that most types of residential constructions recorded a staggering two-digit increase in number as follows: residential condominiums (80.8%), apartment/accessoria (29.9%) and single-type houses (15.3%). Colliers has also disclosed a 1.1 percent increase in average rent for a prime three-bedroom in Makati CBD, while rents in Fort Bonifacio and Rockwell also rose by 0.6% and 1.4%, respectively.
LUXURY CONDOMINIUMS AROUND THE METRO
Price range: 11 – 55 Million
Location: Dr Jose P. Rizal Ave, Corner Estrella St, Rockwell Center, Brgy. Poblacion, Makati City
Unit Sizes: 60sqm – 390sqm
Strategically located in the heart of Rockwell Center, Makati lies this 59-storey cozy abode that is fit for a variety of lifestyle. This 3.6-hectare luxury condominium’s stylish studio and one bedroom units, that are still up for sale, are intricately designed to cater to individuals craving for a work-life balance. A dwelling which serves as a middle ground where they can build their careers and at the same time enjoy the trendiest commercial districts that the ever-busy city of Makati can offer. For couples starting a family or even for big ones, Proscenium at Rockwell also offers their two up to four bedroom type units where parents won’t have to worry about working at far proximity. Not only this, their kids can also enjoy state-of-the-art amenities and top-class lifestyle right at their homes from daycare centers to performing arts theater.
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Price range: 13 – 304 Million
Location: 9th ave. cor 28th Street, High Street South, Bonifacio Global City
Turnover: March 2022
Unit Sizes: 52sqm – 701sqm
This 49-storey building is a juxtaposition amidst the complex and multifaceted buildings that surrounds East Gallery Place with its singular community curated for a myriad of people’s interests and lifestyle choices. This luxury condominium residing in central Bonifacio Global City (BGC) is a short walk from the city’s business district and premier entertainment hubs providing its residents with an endless array of career opportunities and luxury amenities. This mixed-use development project of Ayala Land Premier is consists of 420 residential and limited edition Sky Collections rendered in one up to four bedroom configurations. From high-end malls to world-class facilities that the West Gallery Place offers, it promises its residents a luxurious lifestyle that will complement their well-travelled schedules.
Price range: 32 – 476 Million
Location: Paseo de Roxas, 8735 Makati Ave, Makati, 1227 Metro Manila
Turnover: December 2025
Unit Sizes: 138sqm – 1,635sqm
Illuminating the vicinity of Makati’s central business district is this futuristic two-tower residence with its elegant high glass façade allowing natural light and expansive view of city landscape to cascade right through the windows. This 68-storey South Tower, highlighted by the vast Sky Terraces, is a mixed-use development which highlights luxury lifestyle from a spectrum of high-end retail, dining, service and work experiences. With an average price for unit amounting to P80 million, an approximate of P300,000 per sqm, this luxury condominium encompasses of 281 private residences divided into 12 different unit designs and formats. Ranging from a 138 sqm two-bedroom units to a 1,635 sqm three-level penthouse unit, Park Central Tower also offers world-class amenities from multi-functional courts to outdoor areas for the lavish individuals.
Price range: 19 – 60 Milion
Location: Camino Verde Rd, Pasig, Metro Manila
Turnover: 1st Quarter of 2019
Unit Sizes: 101sqm – 286sqm
For busy bodies who are working outside the bubble of the more popular CBDs in Makati and Taguig, there are still a number of luxury condominiums in areas such as Pasig which is an area just as equally scurry as the former. The Imperium is dubbed as the most luxurious residential 62-storey tower in the mixed-use development Capitol Commons, an area known for its slew of dining options and high-end retail and entertainment hubs such as the Estancia. Showcasing a total of 226 spacious and bright two to three bedroom units, its unique yet elegant circular form complemented by its trapezoidal canted windows allows its residents to take in the therapeutic scenic view of the city. More so, this luxury condominium provides superior amenities fit for individuals and families such an infinity edge pool, landscaped garden decks and their very own mini theater with recliner chairs.
Price range: 19.5 – 27 Million
Location: Raffles Drive, Makati Avenue
Unit Sizes: 71sqm – 401sqm
For career driven individuals who dream of experiencing “An Oasis of Legendary Calm” in the midst of their busy schedules, this luxury condominium in Makati promises its residents to be pampered like royalty. Raffles Residences is a mixed project of 20-storey condominium and 30-storey hotel which immerses its residents and guests with topnotch presidential suites and state-of-the art amenities such a spa sanctuary and elegant restaurants including the Long Bar made famous by Raffles in Singapore. A promising urban paradise, this luxury condominium is only a 5 minute walk from high-end shopping centers such as Greenbelt and Landmark and the center of Makati’s business the Makati Stock Exchange. More so, occupants are rewarded by the captivating view of the cityscape converging with the calming view of Manila and Laguna bays.
Price range: 6.3 – 21 Million
Location: L.P. Leviste Street, Salcedo Village, Makati City
Unit Sizes: 50sqm – 129 sqm
Marketed as an iconic parkside living, this luxury condominium is fit for individuals who are always on the go and are stuck between balancing career and social life. Escala Salcedo occupies a rare location across the Salcedo Park in Makati which fulfills the need of worn out residents who wish to live in a low-density area enhanced by unobstructed view of nature. Encompassing of 36-storeys, inclusive of a penthouse and roof deck, a total of 258 exclusive units will cater to residents who demands for generous living spaces. Its state-of-the art amenities from swimming pools to multifunctional lounges will surely quench the thirst of those hungry for a lavish living.
Price range: 25 – 120 Million
Location: Perea Street corner Dela Rosa Street, Legaspi Village, Makati City
Turnover: Ready for Occupancy
Unit Sizes: 124sqm – 482 sqm
For classic people searching for luxury condominiums that have already been tested by time, the Shang Grand Tower located in the pulsing cosmopolitan hub of Makati City was opened early 2006. Despite being one of the earliest high-end residential condominiums within the then budding business district, this 46-storey building which rises to 180 meters from the ground, is still strongly competing against some newly erected luxury skyscrapers across Makati Skyline. Developed by Kuok Group, this luxury condominium’s timeless exterior continues to complement with its sophisticated interior coupled by its grand amenities and topnotch units.
Vying to invest in luxury condominiums this 2019 for a brighter future ahead? Have your place refurbish and ready for occupancy by checking out some of ourinterior design condo packages.
Tokyo Grand Renovation (TGR), a Japanese design and build, is eager to help you discuss interior design ideas for your luxury condominium. Conveniently located in the leading business district in Metro Manila, TGR’s headquarters is at 9110 La Campana St. cor. Trabajo St., Brgy. Olympia, Makati City, 1207.
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