By Richmond S. Mercurio
(The Philippine Star) | Updated January 1, 2016 - 12:00am
MANILA, Philippines - Aside
from the Makati business district and Bonifacio Global City, Metro Manila will
be heading into 2016 with seven more investment-worthy areas to further beef up
the country’s real estate sector, local portal MyProperty.ph said.
In its latest report,
MyProperty identified seven neighborhoods in Metro Manila which are just as
promising in terms of offering real estate opportunities as the Makati business
district and BGC.
These are Alabang in
Muntinlupa, Bay City in Pasay, BF Homes in Parañaque, Kapitolyo in Pasig, New
Manila in Quezon City, Poblacion in Makati and Sikatuna Village in Quezon City.
The property portal said
Alabang is an ideal place for young professionals being close to offices
located at Madrigal Business Park and Filinvest City, while up-and-coming
townships such as Alabang West and South Park District would establish the area
as a legitimate real estate hotspot.
Bay City is also expected
to remain busy next year with SM Mall of Asia and continuous development of the
Entertainment City which houses the City of Dreams Manila, Solaire Resort and
Casino, and two more integrated resorts to open until 2018.
BF Homes and Sikatuna
Village, meanwhile, had grown from being a largely residential area to thriving
gastronomic hubs with different restaurants lined up along Aguirre Ave. and
Maginhawa St., respectively.
Another investment-worthy
area in Quezon City is New Manila which is perfect for families for its
proximity to schools such as St. Joseph’s College, St. Paul University, and
Xavier School, and shopping centers like Robinsons Magnolia and Greenhills
Shopping Center.
The proximity of Kapitolyo
to Ortigas Center, meanwhile, makes the area a magnet for both young
professionals and starter families, MyProperty said.
After the Makati Business
District, the property portal said Poblacion is the city’s most significant
neighborhood, housing several commercial centers, various businesses, and
government offices.
“The Philippine economy’s
continued rise is apparent in the real estate front, notably as evidenced by
the condo projects, commercial centers, and office buildings that are being
built one after the other in the Metro Manila area,” MyProperty said.
“While the business center
of Makati and the Bonifacio Global City will constantly remain hot commodities
for both investors and end-users, there are a few areas within the metro that
are looking just as promising,” it added.
MyProperty early last year
was acquired by global property portal Lamudi, making the latter the biggest
online property portal in the Philippines to date.
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