Metro Manila, over the decades, has slowly but surely grown to be one of South East Asia’s bustling business hubs. The country’s unique location and diverse workforce have allowed it to birth and nurture both local companies and international corporations. So, it’s not surprising that Manila is steadily evolving to accommodate the new needs of a population composed of professionals, families, and even retirees.
In the Heart of the Metro
Among the many thriving cities in the metro, one of the most multifaceted locations is in the boundaries of Pasig, Quezon City, and Mandaluyong. With major tech companies, marketing startups, commercial districts filled with restaurants and shopping centers, and a variety of both recreational and business establishments, one of the most prevalent developments have been sought-after condominiums in Ortigas Center. This complements the recent trend in which an increasing number of homeowners are opting to invest in a condominium unit. Ortigas continues to be a popular choice for these investors, whether they are buying or renting.
Aside from being populated by a wide variety of businesses, Ortigas is also nestled between Makati City and Quezon City, two other thriving districts. It has the advantage of having a large array of options for transport, with the metro railways and EDSA being a stone’s throw away. The urban planning also ensures that most of the area is walkable with wide sidewalks, accessibility, and clear signages, making it easy for practically anyone to maneuver and find their way around.
Families and Opportunities
Considering that it is close to prominent highways and large-scale establishments, the city is still able to maintain a peaceful atmosphere, especially in the residential areas where families with even young children opt to live.
Although the busy streets of Ortigas Center are perfectly fit for the lifestyle of the working millennial market, the district has shown to be family-friendly with its schools, medical facilities, and areas that are either specifically geared towards families or simply open and enjoyable for citizens of all ages.
This active growth in community has led to staggering numbers, with demand for residential space growing. Statistics have shown that the development of new office spaces in the district will create even more movement in the workforce and create more demand for housing, with residential condos exceeding 50,000 units in presale and more unit owners putting their properties up for rent.
Land dedicated to office spaces has been shown to take upwards of 1.5 million square meters. This demand is up to par with other avenues such as hotel and leisure, showing that even tourists and visitors from other cities are making numbers for the city. Locally, data shows that “staycationers” take up a lot of demand for three and four-star hotels. With traveling millennials taking up more than half of the count for local travelers, budget hotels and hostels are also sustained. Even luxury spots remain at capacity because of the influx of travelers from consistent foreign markets such as South Korea, Japan, and the United States.
With that, it seems clear that Ortigas Center has truly solidified its place as one of the modern powerhouses in the region. This not only benefits the local economy and the government, but simply gives people more options for whatever they want – a new place to work, a different scene they’d like to try, or a place to call home.
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