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Real Estate

What's The Most Affordable Area In Metro Manila To Live In?

Makati, Ortigas, BGC these commercial and business districts are popular for the convenience and cosmopolitan perks, but how much does it cost to live there? We reveal the actual costs here.

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Photography: Jilson Tiu (Main Photo)

A home at the heart of any central business district (CBD), anywhere in the world, comes at a premium cost. But at what price, exactly?

Real Living dares to answer the question, at least, for the CBDs nestled in Metro Manila. By definition, a CBD is named such for its strategic location, namely for its close proximity to some of the country’s biggest offices, main thoroughfares and basic necessities: hospitals, schools, and of course, shopping centers.

Real estate consultancy firm Colliers International Philippines shared some insights on the property values of condominium units in some of the country’s biggest CBDs: Makati, Fort Bonifacio, Rockwell Center and Ortigas Center. For the first three areas, Colliers named the prices of condominium units in premium towers, or those with only around eight units per floor but can go for as high as 50 floors. As for Ortigas, the firm named the prices of Grade A condominium units or those in towers with as much as 18 units per floor with an average of 36 levels.

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