FACTS ABOUT MAKATI CITY
*As of 2015, Makati earned nearly PHP14 billion in total revenues. According to the Office of the City Treasurer, this figure is higher by a whopping 9 percent from its 2014 data.
*It is one of the few local government cities that does not depend on the internal revenue allotment granted by the national government, making their figures a true testament to the city’s economic progress.
*Land values in Makati appreciate over time. In fact, the land values in Makati are higher than the average in most cities in Metro Manila. In this regard, you can be assured that any investment in Makati’s various real estate properties will consistently appreciate over time. In fact, the average price is higher than for most cities in Metro Manila.
*With Makati’s strong economy complemented with foreign investment, land values are boosted to unprecedented heights, giving real estate investors more leverage in managing the price point of their properties.
*As of 2015, there are 189 condominium developments and buildings in Makati that give prospective home buyers and investors a wider scope in terms of real estate property options.
*The average residential capital value in Makati CBD is at Php 151, 323 per square meter per month which is higher than Fort Bonifacio’s Php 150,048 per square meter. The steady rise of real estate capital values has also led to the resultant increase in rental prices. Residential units have a rental rate of Php883 per month on average, only slightly lower than fort Bonifacio’s Php891 per month.
*As the financial hub of the country, it should come as no surprise that Makati hosts a myriad of commercial and retail establishments. In 2015 alone, a whopping 4, 211 new businesses have registered. By 2017, Makati has 83, 353 establishments with 569 banks, 62 shopping centers and malls, 44 PEZA-Registered IT Buildings, 46 Embassies, 36 consulates, and 4,357 other finance-related institutions.
*It is considered as one of the premier areas for business enterprise. The city’s robust economy has strengthened its appeal as an ideal business location, whether for mega-corporations, start-up companies, or other business and enterprises.
*Most of the country’s top corporations have their headquarters stationed in this city. Apart from that, Forbes-listed companies and operations within Makati such as Microsoft, Nestle, Shell, Colgate-Palmolive, Accenture, Intel, and Syngenta have regional offices and headquarters in this city.
* Makati boasts of financial activities that rival only the principal cities of regions such as Singapore and Hong Kong. In this regard, Makati has an excellent selection of foreign banks with headquarters in the city apart from the local commercial banks.
*Makati has one of the most malls out of any city in the Philippines. With 62 shopping centers, malls and establishments, there are diverse retail options to choose from. On top of that, some residential developments and projects that feature their very own lifestyle malls promote a self-sustaining community within a bustling city like Makati.
COMPELLING REASONS TO LIVE IN MAKATI
1.) Favorable work setting
Makati City gives residents the avenue of taking up residence in proximity to their workplaces. After all, most of the condominium projects and apartments in the city are designed after the live, work, play concept. In this regard, residents of this major city would enjoy shortened commutes, as they may even walk to work. More importantly, Makati has high-tier paying jobs considering that it is surrounded by many local and multinational corporations from different industries.
2.) It has a bustling nightlife
Makati is one of the Philippine cities that does not sleep. With an excellent array of coffee shops, modern cinemas, hip bars and clubs, there is so much to do in the city. Expect your weekends to be packed with activity, as Makati is the perfect city for young professionals who are always on the go and families who are looking for fun activities to try. Whatever you choose to do with your weekends, you can be assured that it will never be dull with a city as vibrant and busy as Makati.
3.) The presence of top-notch condos in Makati
With Makati being considered as the financial hub of the country, it would be inevitable for real estate developers to set their sights on this city for their next project. In this regard, one can expect top-quality condominiums in Makati that fits any need and lifestyle. It would not be a challenge at all. Makati CBD has one of the best condo projects in Metro Manila, with Alveo Land continuously expanding their residential project portfolio in the area. Prospective homebuyers have more choices than ever, as its residential condominiums include Callisto, Kroma Tower, Escala Salcedo, Sent, Solstice, The Columns Legazpi Village, The Gentry Residences and The Lerato. Even more projects are set to be built in the next few years.
4.) Security is paramount
Regardless of where you are living, security is always such a paramount concern that it has become a primary consideration when buying real estate properties. Makati CBD has one of the most stable local governments which would attest to the city’s overall safety. In fact, Makati has constantly been racking up awards as the richest city in the Philippines, and this allows the local government to distribute its resources to care for the residents’ welfare. Additionally, the city enforces one of the most stringent traffic rules that effectively instills a sense of discipline in its citizens, as well as keep the traffic flow manageable. Being deemed as one of the safest cities to live in, one would not need to constantly look over one’s shoulder while strolling around. Even in the city’s busiest streets, your safety is assured. Additionally, the city has the country’s leading and pioneering emergency facility, a state-of-the-art police headquarters, and the best fire department in the country.
5.) A sense of community
Albeit being considered a perpetually busy city, there is a sense of community among the neighborhoods in Makati. Progressive cities and business districts may be known to have impersonal reputations, but this is not the case with Makati. The social sphere is thriving, and communities such as Salcedo Village and Legaspi Village are excellent residential options for young professionals who wish to expand their social circle. More importantly, as Makati’s many pubs, restaurants, and cafes peppered along its streets are complemented with a diverse locale, expect to meet and strike friendships with people all over the world.
6.) An ideal place for architecture growth
Makati is known to be one of the cities with the most skyscrapers in the country. Makati is rife with headquarters from leading firms, so expect the area to be saturated with an excellent mix of young professionals, business tycoons, and industry magnates. As a result, these opportunities gave rise to experimentation with architecture and design. And with the city’s sky peppered with a myriad of architectural wonders and towering skyscrapers, the Makati skyline is quite a sight to behold.
7.) Everything you will ever need is here
Taking up residence in Makati will be one of the best decisions you will ever make. Apart from giving you easy access to your workplace, it gives you the daily conveniences to just about everything you might need. Apart from the excellent selection of top-notch residential options, the city is packed with a wide array of restaurants, shopping centers, weekend markets, parks, and lush greenery. More importantly, you are assured of the best in medical facilities and tutelage institutions without ever needing to go far. In Makati City, everything is within your reach, and you can be assured to be right in the middle of it all.