THE BEST CHANCE FOR RENTAL INCOME IN METRO MANILA | Marvin Germo
Rental income

THE BEST CHANCE FOR RENTAL INCOME IN METRO MANILA

By: Marvin Germo | March 14, 2018

5 Cities to Invest with the best chance of rental income in Metro Manila

Whether you are investing in real estate in the Philippines for your own dream property or for renting it out for yield, now is a great time due to robust economic growth in recent years. This is made possible by the presence of call centers and BPO in the country, increase of foreign investors, competitive real estate developers, tourism boom, low interest rates and continued urban renewal.

So if you are wondering where to invest in real estate, here are the top 5 best cities in Metro Manila:

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1. Bonifacio Global City (Taguig)

Also called as BGC, this central business district is a progressive financial center. It is master-planned and managed by Ayala Land and Evergreen Holdings – two of the biggest real estate developers in the Philippines.

BEST CHANCE FOR RENTAL INCOME

  • BPOS and corporate headquarters keep on moving into here, so commercial and office spaces for rent are high in demand. Leechiu Property Consultations estimates that by 2020, BGC will have the most number of offices in the country.
  • An accessible location whether you are working within BGC, Taguig City or Makati City. It also offers easy access to major thoroughfares such as Edsa.
  • The public transport system is made efficient and hassle-free, thanks to well-planned roads and pedestrian-friendly streets.

2. Makati City

This is a premier city dubbed as the “Financial Capital of the Philippines” and the “Wall Street” of Metro Manila. So it comes to no question why Makati City is unrivaled in the country.

BEST CHANCE FOR RENTAL INCOME

  • A hot spot for investors since they prefer to establish their headquarters here along with the 40% of the top 1,000 local and multinational corporations and companies.
  • The city holds the priciest rental rate averaging from Php910 to Php1,100 per square meter and land value averaging from Php280,000 to Php350,000.
  • Condo investing is ideal due to the working population’s preference to live nearby their workplace.
  • Various forms of public transportation and well-managed streets are available so clients and employees would get to work on time.
  • It is close and accessible to other major cities like Taguig and Pasay City.

3. Mandaluyong City

Known as the “Tiger City of the Philippines”, this is one of the leading business and industrial centers in the country.

BEST CHANCE FOR RENTAL INCOME

  • Investors are attracted to pour their money in this bustling city due to the high presence of major local and international companies.
  • Policemen patrol the streets to ensure the safety of its residents.
  • Posh and homey condominiums for rent are on the rise.
  • Property investment is not limited to condos, as the working population also look to settle in villages and subdivisions here.

4. Quezon City

The city of stars is the largest city in Metro Manila. Not only known as a well-known entertainment destination, it is also visited by tourists all year round.

BEST CHANCE FOR RENTAL INCOME

  • Though the city is a bit congested it is still an ideal spot to set up rental spaces for shops and residential areas as rates are relatively cheaper than Makati and BGC.
  • Property investors may not just invest in condos, but also high-end gated communities, subdivisions and residential districts.
  • It is nearby shopping malls like Eastwood City in Libis and Ali Mall, Gateway Mall and Farmers Plaza in Cubao.
  • The People Power Monument, La Mesa Eco-Park and QC Memorial Circle contribute to the city’s remarkable living environment.

5. Pasig City

This bustling city is booming with developments and urbanization especially in its CBD, Ortigas.

BEST CHANCE FOR RENTAL INCOME

  • It is home to both giant local and international companies and small businesses which makes it a favored destination for investors and workers alike.
  • Office spaces are high in demand and has been sprouting like mushrooms.
  • Due to the growing number of the working population, condominiums for sale and for rent are hunted, especially those nearby workplaces.

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