Makati City's Central Business District (CBD), known as the premier financial capital of the Philippines, is home to most of the multinational companies, commercial establishments and to medical institutions. It is no wonder that Makati CBD remains to be the unbeatable address to live, work and play in a bustling district where all the action never ends-day and night.
Makati has become the favorite home away from home place for most expats who are currently working or who simply choose to stay in the Philippines. With the warm hospitality of the Filipinos and the welcoming climate, many foreigners have made our country a top pick to relocate to.
Many companies in the Makati area employ expats. With their employment, they were given opportunities to explore possible places to stay with their families. They were also provided a list of condo for sale to check out to narrow down their choices.
So why do these expats choose to live in Makati? Let us count the ways.
Many companies in the Makati area employ expats. With their employment, they were given opportunities to explore possible places to stay with their families. They were also provided a list of condo for sale to check out to narrow down their choices.
So why do these expats choose to live in Makati? Let us count the ways.
1. Makati boasts to be the richest city in the Philippines.
With billions worth of revenues contributed by the corporations spread within its walls, it is no wonder that Makati has become the epitome of what a city should be in terms of financial stability. It also has shopping malls, BPO companies, commercial establishments, hundreds of banks and top multinational local corporations. Promise of many career opportunities are made available due to the abundance of big companies like Megaworld Makati, thus, the hunt for a Makati condo for sale is a must.
Learn more: Why Makati is the Best Location of Investment
With billions worth of revenues contributed by the corporations spread within its walls, it is no wonder that Makati has become the epitome of what a city should be in terms of financial stability. It also has shopping malls, BPO companies, commercial establishments, hundreds of banks and top multinational local corporations. Promise of many career opportunities are made available due to the abundance of big companies like Megaworld Makati, thus, the hunt for a Makati condo for sale is a must.
Learn more: Why Makati is the Best Location of Investment
2. Tech-ready Makati attracts more and more IT professionals.
Since Makati has buildings which are ICT-ready, it is also a place booming with IT opportunities. Many expats learn to enjoy the incentives with most of the PEZA registered IT buildings in terms of being exempted from high income taxes. Another benefit is being free from paying duties and taxes on importation of supplies, equipment, raw materials or spare parts. Plus, foreign investors get to acquire residency with their family.
IT Zone buildings allow the locator to take advantage of the following PEZA incentives:
- Income tax holiday (ITH) or exemption from corporate income tax for four years, extendable up to a maximum of eight years.
- After ITH period, the option to pay a special 5 percent tax on gross income in lieu of all national and local taxes.
- Exemption from duties and taxes on imported capital equipment, spare parts, supplies, raw materials.
- Domestic sales allowance equivalent to 30 percent of total sales.
- Exemption from wharfage dues and export taxes, imposts and fees.
- Permanent resident status of foreign investors and immediate family members.
- Employment of foreign nationals.
- Simplified import and export procedures
3. Makati houses numerous prominent places to appreciate art and history.
Many institutions, art galleries, museums and theaters offer the expats places to visit. Those who are hungry to learn more about the Filipino culture and history can always find a place to go to especially during weekends. There are also festivities which celebrate different events sponsored by well-known art enthusiasts. For those who prefer live performances, they can opt to watch musicals or plays in theaters located in a Makati building or mall.
Learn more Makati City Central Business District
4. International scene has always been crucial in Makati.
Expats are assured that in Makati, they can always go to their embassy or consulates which is strategically scattered within the Central Business District area. They need not look far whenever they need assistance with their visa renewals. There are also international organizations which they might be interested to join or give a donation.
5. Expats have plenty of options to choose their residence.
Makati also ventures in developing more residential properties. One firm to note is Megaworld Makati which offers their latest project in the Salcedo Village area, Three Central. It is 51-storey high with architects from Wilson Associates as designers so expect international look and feel of the place. Some of their prestigious projects are the Armani Hotel in Dubai, the Four Seasons in Shanghai, The Venetian in Las Vegas, and the Terminal 3 or Changi Airport in Singapore.
Three Central as the part of Wilson Associates design is an inspiration from an iconic The Two International Financial Center in Hong Kong, for expats looking for a Makati condo for sale, this is one place not to miss out.
Three Central as a symbol of elegance will be the grand showcase of your success. It will be fitted with kitchen systems and appliances from Swiss brand Franke and Italian-made Indesit, with bath fixtures from Grohe of Germany. Amenities include a hotel-inspired dining area and culinary stations serving food from around the world: pasta, sushi, kebabs, and pastries.
For those who love to try delicacies from around the world, Makati has the finest and delectable international cuisine at its best. How about nightlife in Makati? Well, it’s the best! So expats can enjoy having fun after work within a few steps from their residence.
So what makes an ideal real estate investment? Three Central: The Epitome of the perfect investment. For more information about Three Central go this link.
Culinary Station of Three Central
