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Find the latest rental rates on the Manila property market
Manila is the capital of the Philippines and a highly urbanized city. It is also a major tourist destination as it welcomes over 1 million tourists from all over the globe each year. Although it constantly gets an undeserved reputation for its dreadful traffic jams, the capital city continues to charm tourists with its historical landmarks, friendly locals, and flavorsome food. It is particularly popular for offering adventure and leisure at affordable rates.
As a major center of business, commerce, banking, finance, retailing, real estate, fashion, and tourism, Filipinos and expats from around the world travel to Manila looking for a job. The city has become so densely populated, and demand for rental condos is high. Some are looking for a condo to rent close to their workplaces; others are looking for a short-time rent to accommodate their holiday in the city. With a lot of Business opportunities to offer, it is easy to see why there has been an upsurge in investors and why the government is consistently developing the infrastructure projects in this city.
The most common condo for a single person or couples is a studio and loft condos. Depending on the size, area, and amenities, a studio condo can cost as low as ₱10,000 a month and as high as ₱150,000 a month. Condos with one or more bedrooms are also available in Manila. A 22m 2 one-bedroom condo in a nice area typically will cost around ₱50,000 monthly, but the prices can be higher if the size of the condo is bigger.
People who are looking for a more spacious and exclusive condominium can rent a penthouse. They are the most expensive units because they offer a larger floor area and privacy. Penthouses can be found on the top floor of a condo building, which usually offers a great view of the city or the Manila Bay. Some penthouses have their own pool, elevators, and other luxurious amenities.
Other than the number of rooms, condos in Manila also come in two types: high-rise and low-rise. Both types usually come with amenities and offer resort-style living and provide clubhouses, tennis courts, fitness facilities, and swimming pools. However, low-rise condos usually offer a more laid-back vibe and are rarely located in the center of the business district. It is also important to know that while some condos in Manila are fully furnished, others are only semi-furnished. Fully-furnished condos allow tenants to move in anytime, but semi-furnished condos usually only come with basic big pieces of furniture. Semi-furnished condos give tenants room to decorate the condo with their
Location is an important factor before renting a condo in Manila. Many people who come to the city for work will want to find a condo close to their workplace, but people who travel on holiday will want to rent a condo surrounded by popular tourist attractions. The following are some of the more popular districts of the city, both for business and leisure.
As the capital city of the Philippines and a tourism hotspot, Manila has good higher standard of living and quality of life. However, the prices are still quite reasonable. The city offers everything you may need. Good food can be found at almost every corner of the city, from luxurious restaurants to street foods. The best places to try the city’s street food for anyone looking to save money is Quiapo Market, which sells everything from tusok-tusok, mami, balut, to fresh lumpia (spring roll). For those who like cooking rather than eating out, all sorts of products can be found in the city as the supermarkets are stocked with fresh fruit, vegetables, meat, as well as western food products. The cafes offer delicious coffees, food, comfortable settings, and free Wi-Fi. The nightlife in Manila is thriving. From live music bars to hype clubs, the city is ready to entertain its residents.
Manila is also equipped with outstanding medical centers, so the people do not have to worry about healthcare. The medical centers have modern medical equipment, affordable treatment, and doctors with international certifications. Foreigners who live in the city can take advantage of the
low rates of local health insurance plans.
1. Strict Laws: Renting is the most feasible option for foreigners. An expat may be able to purchase or invest in a condo, but there are strict legal requirements for them to follow.
2. Cost of Living: Although Manila offers a high quality of life, the cost of living is still comparatively affordable compared to other capital cities in Southeast Asia such as Jakarta and Bangkok.
3. Connectivity: Manila may be infamous for its traffic, but the government is developing new projects to upgrade the city’s infrastructure. With public transportations such as MRT and LRT. The city is also very easy to reach since it houses the main international Airport which is the gateway to the Philippines.