real estate Archives - Ortigas Land Properties

ortigasland
News
August 2, 2020

Empress and The Galleon As Well-Equipped For The New Normal

If you’ll try to check my previous articles, it’s hard not to notice that most of them are related to the ongoing global health crisis. While there’s overlapping information, it only emphasized the degree of importance of such valuable knowledge. Also, I value your time, so as long as the topics are worth repeating and still updated, I’ll keep on giving you the most crucial information needed in each article without you necessarily have to go through my other written articles.

Nowadays, most property seekers are not only compelled with the aesthetic design and proper location, but these wise individuals also look for assurance of sustainability to live in harmony with the new way of life. For this article: we’ll be more specific on why these two of the largest construction projects of Ortigas Land, one of the first and biggest real estate developers in the Philippines, are well-equipped for the so-called new normal.

While the COVID-19 outbreak changed the criteria for ideal homes, with time-tested foresight and expertise, Ortigas Land managed to address such changes. The 56-story Empress in Capitol Commons and the 51-story Residences at The Galleon in Ortigas central business district proved the readiness of the forward-thinking company.

Contactless Technology

As you might already hear from the news, anyone suspected positive for the virus should be held on quarantine for at least 14 days, and we’re always reminded to observe social distancing. These rules are due to the nature of COVID-19, though it could not travel far, it could stay for days. Also, experts enforced us to regularly sanitize our hands and disinfect surfaces properly.

Photo credit: Digital trends

Arguably, the best prevention for a viral infection is to avoid all forms of contact in any way possible in the first place. Thus, Residences at The Galleon and the Empress, contactless technology that supposedly a high-end security feature suddenly became also a means to secure your health and the people you frequently interact with.

Using a mobile app, you can remotely monitor and control your electrical appliances and other utilities. The state-of-the-art software can link your television, smoke detectors, kitchen appliances, lightings, air conditioners, contact sensors, and temperature scanners. Having said that, the surface that you might only need to disinfect regularly is the screen of your smartphone.

Large Residential Space

Obviously, it would be almost impossible and maybe improbable to implement social distancing at home. Your loved ones would always need you at a closed range to sustain great relationships. However, if not for social distancing, a spacious residential home is still essential to accommodate more needed purposes for this pandemic period.

Photo credit: Inquirer

As you might be at home more frequently, you should have enough space for indoor house plants, materials for crafts and arts, virtual classrooms, passion projects, home offices, a personal gym, and other amenities. This large space will enable you to cope with the new normal lifestyle better as you try to lessen your outside exposure while still having the means to find alternatives for outdoor, office, and other commercial activities.

For prospective purchasers, Empress has plenty of units from a studio to a spacious three-bedroom unit with areas ranging from 30 up to 241 square meters. Meanwhile, Residences at The Galleon has options from single-bedroom, two-bedrooms, and penthouse units with areas from 69 to 411 square meters.

More Accessible Establishments

Twice a month, President Duterte announced the quarantine level of every province in the Philippines. Regardless, throughout the quarantine period, authorities either warn or prohibit us from taking any nonessential travel. This is because the more we are exposed outside, the more the likelihood we’ll get infected.

Photo credit: Ortigas

With location masterfully planned for many crises such as this ongoing viral outbreak, Empress and Residences at The Galleon minimized this kind of exposure. Essential activities such as reporting to work or school, grocery shopping, exercising, and even an appointment to the doctor can be made downstairs or near outside the building.

Both are close to establishments such as shopping centers, office spaces, entertainment hubs, and medical facilities. Also, both are easily accessible to the airport and expressways. In the future, many under construction huge public transport systems will soon be accessible as well.

Make The Most Of The Community

As you are bound to always be at home, you most likely get more chances to socialize with your neighbors. In this time of crisis, having a community that can look up to each other is another essential advantage that you should make the most of. Empress and Residences at The Galleon both have communities to serve you best in creating social connections and self-worth.

Empress, in particular, build the country’s first wellness lifestyle, real estate. It was designed to seamlessly integrate the balance in wellness and sustainability. Both projects include amenities to encourage building-up communities such as the lounge, social hall, children’s area, and other means to help the residents socialize and bond.

Photo credit: PH Real Estate

Also, both have additional spaces for exercise and quiet zones for meditation. Though isolating yourself and your family at home is a good practice, personal connection to nearby communities could help you in knowing updated news within your area and getting sources of immediate essential goods while having the chance to help other people in need. You can even commune with the concerned neighborhood while buying groceries, having business transactions with the government, and doing your tasks at work.

Finding Residential Units Inside Empress And The Galleon

There are way too many details to tackle about Empress and Residences at The Galleon. However, the mentioned information is hopefully sufficient enough to let you know that there are already constructed residential spaces ideally fit for the new normal. If you’re looking for specific properties, then these two residential towers are what you’re looking for and, without a doubt, qualified for the current situation to sustain and protect its residences.

As part of the Ortigas Land organization, I could help you get the best residential spaces both in Empress and Residences at The Galleon according to your preference and budget. Contact me at your most convenient time, and I’ll be happy to serve you.

Looking for a condo unit around Ortigas? I am Glenn Dineros, a licensed Real Estate Broker with PRC License # 5171. Reach me +63 977 852 3852 or +63 939 588 9352. You may also send your email at inquire@ortigasproperties.com(opens in new tab) so I can help you locate yours.

ortigasland
News
July 25, 2020

What Are The Qualities Of The Right Architecture For The New Normal?

As the struggles to cope-up with the new normal suddenly changed our lives, it also shifted our overall perspective in life. Though scientists and researchers already knew the possibility of a global virus outbreak, many nations and people underestimated the impact during the first quarter of this year. Now, it’s impossible to deny that every human was affected in one way or another.

Due to this ongoing pandemic that put us all to home quarantines and hospital confinement, you might already reconsider your life goals. Now, what you might think as luxuries such comfortable homes with high-end technologies could be the essential features and designs you need to survive.

Photo credit: Wikimedia

With what you already experienced, choosing a residential space is more than merely choosing a place close to your work and commercial establishments, but an essential, safe haven to keep you alive. Architects, engineers, and developers already constructed buildings to withstand or at least minimized the damages from large calamities such storms, floods, and earthquakes, but few had prepared contingency plans for the invisible, deadly virus.

Even after we won the fight against COVID-19, your lifestyle will never be the same as before. So, finding a property with architectural designs and features suited for the new normal could help you live comfortably while staying healthy and productive.

Residential Space With Available Set-Up For Home Office

As millions have already lost their jobs, the saving grace for other people is that companies have allowed them to shift to a work-from-home set-up. Either you live in an apartment with limited space or a single-detached house, your residential place must have enough workspace.

Having an available set-up for a home office is essential nowadays as it became the new requirement for many households. Tasks usually done in offices and schools are mostly carried out now at home. From now on, always consider looking for a residential space designed with a home office.

Prioritized Health And Cleanliness

Health and wellness are what many property seekers prioritized even before this pandemic. Real estate developers sold many properties from selling these features.

Now, the cleanliness also concerned buyers to prevent from getting infected. Of course, cleanliness is almost always present in communities, but simple waste segregation and sweeping of floors are not enough especially at this time, regular disinfection as one of the additional means should also be implemented.

Photo credit: Healthline

Again, what seems luxury before is now essential as more homeowners and investors will demand services for health and cleanliness.

Joe Cheng, the owner of a world-class Hong Kong-based design firm, Cheng Chung Design, said that the design community already started strategies to prevent a pandemic. He also said that this is his first type of crisis, but probably not the last one.

As additional preventive measures, sterilization areas, exercise spaces, and naturally-ventilated lots are now provided in residential projects. Also, alcohol hand-spraying and temperature checking from security personnel became the normal routine.

Local Suppliers To Maintain Sustainability

From time-to-time and depending on the place, travel restrictions changes. In our country, thousands of locally stranded individuals (LSI) have the hardest time getting back to their respective provinces. Also, people could not simply get out of the country to work abroad unless they complied with many requirements, both from the local and foreign governments.

As people could not travel easily, it also means more logistical challenges for businesses relying on suppliers abroad. To prevent delays, many real estate developers will source locally for their supply of materials, laborers, and services within the country.

Sustainability will remain essential to keep them earning credits for good environmental practices. As the world waits for the COVID-19 vaccine, the demand for local supplies will continue to increase.

For local suppliers, they now have a greater chance to showcase the competency of the quality of their products and services on a larger scale. This will encourage better income for businesses within the Philippines. Local suppliers who can meet the customers’ demands will greatly thrive even in the post-pandemic as they already have shown they can provide, if not as much, but more than their international competitors.

Privacy As Another Essential Need

As attractive as they are, public amenities such as swimming pools and gyms are not the go-to places, at least for now. For good reasons, people avoid public facilities, and it would take time before we see the masses comfortable again in going to such places. As a result, privacy became an essential need not just for the luxury of isolation, but a personal space to prevent viral infection.

As the real estate market became familiar with social distancing, many people would agree on the essential importance of privacy in purchasing a house. Even after this pandemic, nearby essential shops and emergency healthcare facilities will also be put into considerations of the future homeowners.

Smart Technology For Contactless Lifestyle

Smart home technology is another luxury feature that became an essential need. Using sensor-based appliances, you can possibly live a contactless lifestyle to reduce the spread of invisible enemies such as viruses and bacterias. In the future, technology such as keyless door entry, temperature regulators, and air filters will become essential features for an ideal home.

Photo credit: United Locksmith

Dan Kodsi, the real deal when it comes to real estate technology in the US, predicted that touch-based biometrics would become obsolete as many people would not want to put their thumbs on a public scanner. As a result, many developers tried future-proofing their projects with hands-free design to anticipate the contactless lifestyle.

More Nature-Inspired Designs

For many people who are used to an outgoing way of life, being at home most of the time bored them a lot. After the pandemic, it’s already expected many will go out to provinces or make a nature trip to any possible nearby locations.

As anticipation, developers chose nature-inspired designs to attract more home buyers. This type of design will become the new norm, both in residential and commercial projects. Though these natural concepts are already constructed in many places, the demand will significantly increase. People will need breathing spaces and wellness centers as they already felt restricted with their current situations.

Ayala Land Adheres To The New Normal Architecture

As one of the Philippines’ pioneers in real estate development, Ayala Land is always in adherence to these new normal architectures. The company is always on track of the revolutionary designs and features to secure the balance between comfort and safety.

Though we guarantee you our best effort to prevent the spread of COVID-19, we could only hope that these measures will prevent future outbreaks. Whether this will happen again or not, we will continue to create not just well planned-out buildings, but also a more sensitive and caring community that can adapt to any future crises.

ortigasland
News
July 18, 2020

Choosing The Company That Has Your Back Even In The Worst Times?

Without a doubt, this year 2020 is one of the most challenging times the world had ever experienced due to the COVID-19 outbreak. Though some scientists and doctors already warned us of the probability of a global pandemic, we are likely too occupied with other concerns.

In the Philippines alone, thousands of businesses were closed down, and millions of jobs were lost. For now, we can only depend on our homes as our haven to protect and secure us from possible infection.

Fortunately, some real estate developers have already constructed buildings that can withstand calamities such as theft, storms, floods, earthquakes, and even pandemics. Ortigas Land is one of the few developers who already prepared years ahead with essential facilities and luxurious amenities.

Let’s see how established, and trusted developers with serious contingency plans could help you survive in the most unexpected worst situations.

Properties With Different Purposes Works In Harmony

Many real estate developers focused mainly on providing residential spaces. For the few such as the Ortigas Land, the company intentionally planned out on constructing properties that are not only great for a place to live but also to make a living. Details such as the locations and the interiors were all well-thought to ensure you’re best served from residential, commercial, and even to your career needs as harmonious as possible.

Photo credit: Ortigas Land

For example, the Circulo Verde, located in Bagumbayan, Quezon City, provides residential spaces with community amenities. As part of the master-planned estate, each of the towers in the area has gardens so you can still enjoy nature a few steps away from your home. In harmony with community parks, retail stores, a bike track, and even an RC race track, you have a lot of options for enjoyment.

Also, few blocks away are Eastwood City and Ortigas. True enough, Circulo Verde is an ideal place both for busy workers and young families.

Built With High-Quality Designs And Great Structural Integrity

Purchasing or making a downpayment for a pre-built residence will save you more money and secure a property slot. Others want to invest for later flipping or rental opportunity. However, for whatever reasons, you don’t know if the property you already spent money on will fully-comply with the National Building Code.

To get a better chance of getting a pre-built residential that will have a high-quality design and great structural integrity in the future, you should do thorough research and only trust companies with years of proven solid credibility. Much better, especially if you need a long-term benefit, you could look for companies with decades of track records. With an experience of almost nine decades in real estate development, the Ortigas Land keeps improving both in good times and bad times.

Photo credit: Ortigas Land

As one of the pioneers of real estate in the country, the organization was behind the master plans of many huge projects in Metro Manila, such as the Greenhills Center, Ortigas Center, and Circulo Verde. The company continues to create more commercial and residential spaces in its latest endeavor, the Capitol Commons located in the center of Pasig City.

With the list of the completed construction projects, you can judge for yourself that the next projects, if not equal in terms of the quality of the design and structural integrity, will certainly set the bar higher. In these worst times, you can make the best possible decision if you found the most reliable company with proven ethical values and integrity.

State-Of-The-Art Technology

Before, having all your electrical appliances and even utilities such as lighting controlled remotely through voice-recognition devices and smarts phones seems unnecessary. Today, with the going pandemic, going contactless as much as possible is essential to lessen the likelihood of viral infection. Here in the Philippines, only a few real estate developers made these state-of-the-art technologies as additional features to their recent projects.

Photo credit: Ortigas Land

Again, Ortigas Land fits the bill as the company seriously considered the benefits of advanced technology with the Empress residential tower located in Capitol Commons. Though currently in the pre-selling stage, this property is designed with smart and advanced living features such as cloud-linked devices, keyless entry, and smart plugs to make sure that there’s less physical contact in operating your home. Using your smartphones or through installed motion detection sensors, you can remotely control your air conditioners, light switches, smoke detectors, and even temperature monitors.

Besides the ease of use of your most-used appliances and devices, you had the assurance that these state-of-the-art technologies also serve as a practical preventive measure to fight against the spread of a disease such as from the ongoing COVID-19 outbreak.

Community To Serves You Best

There are many factors to live a full and happy life, and having a beautiful home is just one among the many to consider. Among the many real estate developers, the best ones not only construct buildings but also create communities.

Ortigas Land, having been through decades of property development, knows that what best serves the customers is through the community. The company is fully aware that no matter how advanced the technology or how strong the foundation of a building has unless you prefer a quiet, lonely residence at the top of a remote mountain, it means nothing if you have no access to the essential facilities.

Photo credit: Rappler

As the company already built projects inside the busy metropolitan community, you’re already located nearby many office buildings and commercial centers. You have the peace of mind for you and your family due to easy access to essential institutions such as supermarkets, hospitals, and schools.

Make The Best Decision Out Of The Worst Times

You probably know the challenge of the hustle-and-bustle lifestyle in Metro Manila, much more with the ongoing crisis. However, you can still live your life to its fullness in choosing a real estate company that can serve you best in all aspects of your life.

Your best life decision might come in the most serious times. Prepare your future, and choose an investment that you can enjoy in the best of times, and help you the most in the worst of times.

Surely, there are many developers with some of the above mentioned lifetime benefits; few, however, have all of them. If you’re looking for the best property, especially from Ortigas Land, I can personally help you find the best options that will fit your needs with flexible terms at competitive prices.

ortigasland
News
July 4, 2020

The Ironic 2020 For Ortigas Land: The Most Prolific Year In Times Of Economic Crisis

Formerly known as Ortigas & Company, Ortigas Land had been in the business for eight decades and counting. Same as with other resilient companies, the organization had gone through tough times. However, never had the modern world experienced a pandemic that we’re experiencing now.

This year’s crisis has created more than health issues. The ongoing pandemic also raised economic catastrophes such as the closing of the Philippine Stock Exchange (PSE) for days, thousands going out of business, and millions losing their jobs.

Despite these negative impacts, the year 2020 has been the most prolific in the company’s history — yes, you read that right. This claim is neither a typographical error nor another annoying misinformation. While most companies were barely surviving, Ortigas Land, on the contrary, dares to make the most aggressive business expansion to date — quite ironic if you ask me.

Photo credit: Philretailers

From a briefing in Pasig City last February 18, the company’s president and chief executive, Mr.Jaime Ysmael, said, “This year is the most prolific year so far in our history, as we are set to launch three projects[…] The launch of our newest residential tower empowers us to set sail for new horizons as Ortigas Land, and anchor our position as a premier property developer…”

Let’s dive into more details on how Ortigas Land ironically made 2020 its most prolific year ever based on Mr. Ysmael’s statement.

The ₱15-billion Capital Investments For Three Projects

Mr. Ysmael announced that before the end of this year, there would be a schedule to launch three massive residential projects with a budget of about ₱15-billion. In his report, he stated that they would put in place a grand plan to construct projects with an unprecedented scale. That plan could give the company at least ten times its current net income within five to six years.

Out of the three projects, they already launched one: a 51-story residential building called The Residences located at The Galleon. This project is considered as the most expensive residential tower in the business district with a massive evaluation of ₱16 billion.

Located in an ideal location, as Ortigas itself was in the middle of the northern and southern parts of Metro Manila and near transportation infrastructures, the project can set a higher pricing standard for its clients. The Residences is an excellent opportunity for the company as it also gives the investors the rare chance to capitalize on it.

Photo credit: Philstar

Architectured with modern and sophisticated design, the tower is the only mixed-use development in the area. Out of its 51 floors, there are 43 floors for residential units, one floor for amenities, five floors for podium parking, as well as one floor for retail space.

Frankly, for a personal residency, this project was made for those willing to pay the high price in exchange for luxury living. Also, many clients still prefer the tower’s prime location for its modern, comfortable lifestyle since it’s placed along ADB Avenue at the heart of Ortigas Center. Each floor consists of only 12 units with selections from one-bedroom, two-bedroom, and penthouse units, spanning areas ranging from 69 to 411 square meters. For a one or a two-bedroom unit, it would cost around ₱24 million to ₱46 million. A penthouse, on the other hand, ranges between ₱102 million to ₱162 million.

The second main project of Ortigas Land this year is the Maven Tower in Capitol Commons. This 62-story project mostly targets today’s modern, busy, and young professionals who have a specific kind of lifestyle, passion, and interest.

Currently, at the pre-selling stage, you can make this as an investment to sell later to those working in the areas of Ortigas Center and Shaw Boulevard. You can choose from studio units, one-bedroom, two-bedroom, and three-bedroom units.

Whether you’re looking for future investments or planning to purchase high-end accommodation for yourself or your family while still at a lower price, now would be the best time to make your move.

The third and last main project that will launch this year is Circulo Verde. What’s unique about the location is: though it is inside the crowded Quezon City, you can still find a place of environmental sanctuary to relieve the stresses of living in a metropolitan area. Besides, Circulo Verde’s retail center, named Industria, has recreational facilities, parks, and shops to enjoy.

Possible Launching of REIT and Conducting IPO for Funding

Mr.Ysmael also said the company is looking forward to real estate investment trust (REIT) and initial public offering (IPO) as another step for making 2020 the company’s most productive year ever.

“REIT and IPO are two tools that are available to us to help us fund the aggressive expansion that we are undertaking right now. I cannot give you any timing, but we are studying the possibilities,” he mentioned while acknowledging the plan was already discussed with the shareholders.

Reportedly, the company already earned ₱2.3 billion in 2019. According to Mr. Ysmael, the company started with only ₱100 million back in 2014. For more than a twenty-fold investment growth in five years, a more exciting future awaits the company and those who will take the opportunity despite the ongoing economic meltdown.

Photo credit: Investopedia

On January 20, the government revised the REIT Act of 2009. This allowed REIT companies to list and trade in the stock market as another means to accumulate funds for property development. Besides Ortigas Land, many already expressed their interest in REIT, including the Ayala Land through AREIT, Inc.

If approved, AREIT, Inc. will be the first-ever REIT company in the country. It also means that those with a vast amount of cash can make a real estate investment, plus the majority of the middle-class population can reap the benefits as well. In addition, investors are also entitled to a dividend-based income, inflation protection, and portfolio diversification to widen the options for Filipinos.

Make The Most From This Ironic Year

As a disclaimer, I’m also part of the Ortigas Land organization. I did not write this article to sugarcoat the fact that our company was also negatively affected by COVID-19. Many of our business operations had stopped temporarily, and a large percentage of our employees have a work-from-home setup. Regardless, Mr. Ysmael, in his letter, stated that the company will still comply with the government’s new normal rules and regulations.

From many of my previous articles, I’ve always stated that a major crisis gives birth to rare opportunities. Another irony here is that if you’re ready for these changes, instead of panicking, you can feel more excited for the future.

If you want to know how to invest or acquire many of our products, don’t hesitate to contact me. Together, though it may seem ironic, we can make 2020 your best year ever.

ortigasland
News
June 27, 2020

7 Real Estate Trending Opportunities To Hit The Philippines In 2020

From our previous articles, we wrote that despite the horrible events happening in different parts of the globe, having the COVID-19 pandemic as the biggest threat, the year 2020 allowed other opportunities to come out from unexpected places. As many people are in fear of the virus outbreak, and lots of businesses could not operate, but few individuals know that the ongoing crisis could result in potential rare opportunities.

Santos Knight Frank, the Philippines’ first and largest fully-integrated real estate provider, stated that “The country’s real estate industry remains optimistic”. The company has foreseen seven real estate trends to hit the country specifically for this year 2020.

If you want to get in on the secret to this crucial information, either for investment or personal purpose, at least one of these seven opportunities could give you the most advantages.

So, let’s get on with the list.

1. The Listing Of REITs To The Stock Market

After the Securities and Exchange Commission (SEC) released the latest regulations this year of January 20, the real estate investment trusts (REITs) are expected to finally take off. Under the new set of rules, REIT companies can already get listed on the stock market. As a highly liquidated asset that allows the investors to buy shares, REITs are sometimes called real estate stocks.

Photo credit: Blogs

The property giant Ayala Land Inc. seeks to become the country’s first REIT company to get listed on the stock market under the name AREIT, Inc. Ortigas & Company among the other huge real estate players expressed their plans on entering the REIT market as well.

Starting this year, the capital generated from REITs will create more projects and employments for the coming years.

2. Animation, Game Development, And Healthcare Sectors Will Increase BPO Demands

According to Santos Knight Frank, the business processing outsourcing (BPO) sector will continue to expand in the areas of Metro Manila. In the future, they might even move to other provinces.

Though there seems to be a restricted number of Philippine Economic Zone Authority (PEZA) accredited properties, the BPO industry is expected to keep driving the demand increase for office spaces. According to the joint research of IBPAP and Everest Group, two of the most respected brands in the BPO marketplace, the industry continues to grow from three to seven percent annually.

The fastest-growing sectors when it comes to employment are animation, game development, as well as healthcare.

3. Co-Working Spaces To Expand Both Inside And Outside Of Metro Manila

The few previous years set an unprecedented growth of co-working spaces and companies in the country. Among the international players are Spaces, WeWork, and Common Ground. For local brands, we have Clock In brought to us by Ayala Land, Acceler8 from the company UnionSpace, and Work.able from real estate giant Robinsons Land Corporation. The brands competing for market shares is a clear sign of huge opportunities from co-working spaces. Some of these companies are converting into single-office tenants.

Photo credit: Spaceiq

With the demand, the increase was driven mostly by startup entrepreneurs and businesses, freelance workers, and BPO companies in urgent need of an instant location. According to the data of Santos Knight Frank, there is also an expansion in Metro Cebu areas such as Cebu IT Park, and Cebu Business Park.

4. Greener Buildings Through LEED Certification

With the growing awareness of real estate industries with their environmental impact, There’s a growing number of property owners opting for greener designs, systems, and means of building constructions. As an assurance, if a property is environment-friendly enough, there is the so-called LEED certification. Leadership in Energy and Environmental Design (LEED) has the world’s most widely used green building rating system.

As more tenants required LEED certifications before occupying office spaces, there are at least 300 buildings muttered around the country following the LEED requirements, where about 150 of them received the LEED certification. Among those buildings is the BDO Ortigas Tower7 who got a LEED Gold Certification.

Besides the positive impact in the environment, certified LEED structures are positioned higher in terms of market value. Santos Knight Frank reports that certified office spaces in BGC areas are up to 12.5 percent more expensive than the non-certified units.

5. Logistic and Industrial Real Estate Growth Outside Metro Manila

Santos Knight Frank also states that there is a potential of the next wave of logistic and industrial real estate growth around Metro Manila. As digital transactions continue to rise, especially at this time of quarantine, e-commerce companies need additional warehouses and distribution centers to contain shipments.

Photo credit: US News

Calabarzon (Region 4A), including most parts of North Luzon is the most sought-after locations due to the more convenient express roads such as SLEx, NLEx, SCTEx, and TPLEx. To cope up with increasing demand, the next centers of warehouses and distribution centers will most likely be outside Metro Manila to service areas that are out of the capital.

6. Prime Residence In Manila To Remain Competitive

According to 2019 the Prime International Residential Index created by Knight Frank, Manila’s residential market in terms of growth was registered as the “eighth-highest globally and third-highest in Asia”. The growth in prime residences resulted from the increasing numbers of wealthy Filipinos and international buyers.

From the last quarter of 2019, eight prime residential projects were built such as the Ayala Land’s Gardencourt Residences and Alveo Land’s Parkford Suites Legazpi. For this year’s first quarter, Santos Knight Frank already reported three prime residential projects.

Through good and bad economic conditions, real estate developers keep on building more projects. Manila’s prime residence market will not only remain competitive but will also keep the pace of its growth.

7. Co-Living Spaces as well as Micro-Studios As Another Residential Alternative

Having the unholy traffic of Metro Manila, residing in co-living spaces has become an alternative practical solution for people working inside or close to central business districts, especially those who don’t want to waste time getting stuck on the road going to work. In co-living spaces, anyone can get accommodation without the premium pay of an apartment lease and are not obliged to buy a condominium unit. Two of the main players in co-living spaces are MyTown by SM and The Flats from Ayala.

Photo credit: The Decorative Surfaces

For those preferring privacy, the micro-studio unit is another option, with an average space of around 11 square meters per room. Recently, AboitizLand and Point Blue partnered to enter the micro-studio market as well.

For Opportunity Seekers Within Ortigas

All the trends mentioned are mostly not particular within Ortigas, but all of them drive the overall market value within the area. So, did you find from the list the best opportunity for you? Together with our team, we can help you find the most relevant Ortigas property that most personally suits you.