The Philippine economy has been showing stability for the past five years. Based on studies, a very stable economy indicates an increase in the property market. Consequently, all areas of the property market continue to grow and develop in the same rate with the current progressive movement of the economy. Similar things happen with the property market in the Makati Central Business District.
2. High Demand For Luxury Condominiums
As the Philippine economy gets more stable and secure, salary and other sources of income for employees and workers increase. Furthermore, high-income expatriates and businessmen continue to arrive in the Philippines. Therefore, the demand for luxury condominiums in Makati Central Business District continues to grow.
3. High Demand For Office Spaces
The high demand for office spaces in the Makati Central Business District brought down the vacancy rate during the first quarter of 2014. This is an advantage for real estate investors since the more prominent office buildings near the condominium the higher chances of the unit to be rented out and more target market for re-selling the unit.
4. Strong Business Environment
The continuous influx of expatriates and businessmen indicate that more multinational firms and BPOs invest in the Philippines as they expand their businesses and put up their local and regional offices in the country. Accordingly, the strong business environment result to better financial standing for both businessmen and working professionals.
5. High Rental Income
Because there is a high demand for luxury condominiums, studies show that rental rates in Makati CBD do not depreciate. As a matter of fact, it is predicted that rental rates will continue to increase in the next five years. At present, the average rental rate of condominiums in Makati CBD ranges from PHP900 to PHP1500 per square meter.
Makati City is considered is the richest city in the Philippines. It earns an average of PHP10.7B revenue annually, where approximately 84% of its income is derived from taxes. Hence, Makati residents receive more benefits as compared to other towns and cities in the Philippines.
With all these information and numbers, what are you waiting for? Buy and invest in a condominium in Makati Central Business District now. For more information about Makati City, click here.
To see the details of our condominium investment properties in Makati please visit any projects below:
- Three Central
- Two Central
- Greenbelt Hamilton Tower 1
- Greenbelt Hamilton Tower 2
- Salcedo Skysuites
- Paseo Heights
To inquire to our condominiums in Makati, please fill up the form here.