Owning a condominium unit in Metro Manila is a dream of many young urban professionals and startup families. Yet, these properties are also often regarded as expensive, deterring some home-seekers from buying one.
But there are reasonably-priced real estate developments in the metropolis that are specifically designed for those who wish for upgraded suburban living and access to modern conveniences.
Urban planners are seeing a rise in the demand for affordable properties in strategic locations such as Marikina City, as economic activities in the country resume slowly.
Ideal living environment
“Marikina City offers an ideal living environment. Its proximity to Quezon City and Pasig City makes it easy for residents to go around the metro for work, school, or entertainment once life returns to normal,” said Gilbert Berba, urban planning head of real estate developer Federal Land, Inc.
“At the same time, it is detached from the hectic pace of its neighboring cities and close enough to the natural and man-made attractions of Rizal, Laguna, and Quezon for a quick getaway,” he added.
Nearby are IT centers, a thriving manufacturing industry, several well-known shopping malls, and popular food hubs within the city itself. Prestigious educational institutions such as the University of the Philippines, Ateneo de Manila University, and Miriam College are also in close by.
Master-planned communities
Federal Land is already seeing the escalating demand for properties in Marikina City and has already put up master-planned communities that would cater to the needs of the price-conscious market.
“We are seeing a growing demand for reasonably-priced condominium units outside of densely populated areas but are still within Metro Manila, and this trend is expected to continue,” added Berba.
Siena Tower in Marquinton Drive, along Sumulong Highway, is part of the master-planned community complete with shopping centers, office spaces, and amenities.
“Our aim for this development is not only to provide Filipinos with the option of living in a master-planned community at a price that suits their budget, but also to enable them to live their lives in such a way that is ready for the post-pandemic world, one that is close to economic activities and their needs,” said Berba.
Siena Towers is set to launch its second building soon. This gives interested buyers the chance to avail the lower introductory price, discounts and flexible payment terms.