A recent report by PropertyAccess K.K. Japan, Japanese counterpart of PropertyAccess Philippines, reveals that despite the growth of alternative business districts such as Bonifacio Global City, Makati remains the most desirable location for most business and residential buyers. This also means land prices in the area continue to rise, as evidenced by the ff. land price data released recently:

• ● Makati: about 1.5 million yen (or PhP 701,000) per square meter
• ● Bonifacio Global City: about 1.29 million yen (or PhP 601,500) per square meter

Surprisingly, the Manila Bay area now fetches a slightly higher price than the traditionally third Ortigas Center at about 600 thousand yen (or PhP 280,000) per square meter, against the latter at about 540 thousand yen (about PhP 250,000). 

The report explains that internationally, Makati is still considered the prime business district of the country with its proven track record on infrastructure and strategic location. One of the places mentioned as hot real estate are the condominium units located at the now decades-old Apartment Ridge, behind Manila Peninsula and across Glorietta. 

A recent announcement by SMDC and Federal Land on a joint luxury apartment project in the last open space along the now iconic apartment ridge is bound to raise property prices higher in the area. The joint project will be designed by the world-renowned Foster + Partners.

Read article in Japanese here: https://ja.propertyaccess.co/jp/articles/makati-remains-most-desired-address-in-metro.

*PropertyAccess Philippines lists a wide selection of Makati properties from our network of reliable brokers and agents. Our listings include properties for rent and for sale, with pre-sell and ready for occupancy (RFO) properties also available.