6 Benefits of Living in the Country’s Chief City, ManilaJune 10, 2021
What are the benefits of living in the country’s chief city, Manila?
- Center for economic and financial activities in the country
- Easy access to tourist and leisure spots
- Nearby every time of establishment you need in life
- Appreciating investment value
- Properties are affordable to acquire, own, and manage
- A dynamic cosmopolitan lifestyle awaits
“Should I live in Manila?”, is the question often asked by both local and international home buyers interested in moving to the prime area. As the country’s chief city, Manila has stepped up to become one of the most sought-after investment destinations in the Asia-Pacific region. In almost every corner of this capital district, the top condos in the Philippines are being built as it transforms into a megacity. Truly, there are endless benefits of living in Manila.
Manila is a booming district packed with business, diplomatic, government, historic, financial, and even leisure facilities — a factor that makes it among the best places to live in the Philippines. With a bustling environment conducive for dynamic lifestyles, it is the residence choice of millions of citizens from all walks of life. There are numerous reasons to move to Manila indeed, especially for those who opt for condo living.
In this article, we list the various benefits of living in the country’s chief city, Manila. Continue reading to learn more.
Center for Economic and Financial Activities in The Country
Ever since Manila was established as the Western Pacific base of the galleon trade back in the year 1571, the city has continued to play a pivotal role in the Philippines’ economic growth. Today, Manila is responsible for a staggering 32.3% of the country’s GDP.
Aside from the growth momentum, the stable stream of OFW remittances has also given the area more than just foreign currency reserves. This fueled an increase in domestic consumption, which made Manila a stronger economic hub. It does not come as a surprise for investments to pour in Manila as it is one of the country’s central districts for financial, political, social, and cultural activities.
To add to that, the current local government is continuously working to bring back the old glory of Manila. Spearheaded by Mayor Isko Moreno and further supported by the Build, Build, Build program, rehabilitation efforts are being done and it is evident the “Golden Age of Infrastructure” is slowly taking place in the city.
You can expect to take advantage of clean streets, enhanced accessibility to other cities, much-needed green spaces, state-of-the-art urban planning, a wide array of property choices, and endless career opportunities following the increased presence of multinational companies in Manila.
Easy Access to Tourist and Leisure Spots
The Philippines is a tropical country well-known for its breathtaking tourist and leisure spots. With picturesque white sand beaches and rich biodiversity, it attracts approximately 7.1 million visitors annually. Of course, living in Manila offers benefits for leisure seekers as it is the access point to tourist spots across the country.
There are numerous highways for getting to the beach destination of Batangas, the famous cold-weather Tagaytay and Baguio, and many more from Manila. If you need to visit the other tourist spots in the Philippines like Cebu, Boracay, Siargao, and Palawan, the NAIA international airport is located in Manila as well.
As a resident, you can feel like you’re on a vacation all year-round in Manila.
Nearby Every Establishment You Need in Life
Modern conveniences are the top priority for home buyers. Fortunately, one of the biggest benefits of living in the country’s chief city, Manila, is its convenient location. It’s highly likely that every establishment you need in life is within a stone’s throw away. This is ideal for families, employees, expats, and students, who don’t want to travel far to go about their daily tasks.
For example, if you choose to live in Kingsquare Residential Suites located in San Lazaro that will be delivered in September 2026, the grace period is factored in, you can take delight in its trademark Live-Work-Play-Learn-Shop lifestyle offering. This means you will be near workplaces, malls, groceries, schools, hospitals, and entertainment facilities. You’ll find yourself surrounded by every establishment you need.
Appreciating Investment Value
There is no better time to invest in Manila than now. As aforementioned, the government’s Build, Build, Build program is skyrocketing the market value of the properties in the area. To add to that, Manila has always maintained a high occupancy rate as expats, tourists, and students want to take advantage of its location convenience. Its location between Malaysia, China, Thailand, Vietnam, Japan, and Indonesia makes it the gateway to the ASEAN region. This places it at a distinct advantage for trade and industry as well.
Many have come to realize Manila’s geographical location and economic standing are a key for boosting investment values. If you want to build your investment portfolio, this is the place to target. Just remember to search for the areas with guaranteed value potential.
For example, the San Lazaro Tourism and Business Park is a Philippine Economic Zone Authority (PEZA) registered economic zone with an information technology component. It is specifically to attract foreign investments because of its fiscal incentives like exemption from all local taxes. Moreover, it will be the location of Megaworld Manila’s world-class condominium known as Kingsquare Residential Suites, offering an ideal option for both investors and homebuyers alike.
Properties Are Affordable to Acquire, Own, and Manage
Real estate properties in Manila have become the top choice for many homebuyers because compared to megacities across the world, the cost of living in the locality is much lower. As an example, consumer prices in California are 80.78% higher than in Manila, while rent prices in California are 161.89% higher than in Manila.
If you want to enjoy a high-quality lifestyle without breaking the bank, moving to Manila may be your best move. This makes it a great place to live in for expats as well as foreign investors and businessmen.
A Dynamic Cosmopolitan Lifestyle Awaits
Continuing to become a significant global business location and investment destination, Manila has been transformed into a city filled with mixed-use urban developments. You’ll find world-class residential properties, 5-star hotels, luxury malls, and state-of-the-art entertainment spots incorporated into the entire city. Here, citizens from diverse cultures come together to live a dynamic and cosmopolitan lifestyle.
If you have a condo unit at Kingsquare Residential Suites, you can live life to the fullest with the abundance of leisure activities at the palm of your hands. After a long day at work, you can enjoy bonding with your loved ones while swimming in the stunning pools, doing exercises at the fully-equipped gyms, or just relaxing at your balcony unit while watching the city skyline and stunning sunset. What more can you ask for?
As the country’s chief city, the benefits of living in Manila are unrivaled. The locale is set to captivate your heart to live and enjoy the life you’ve always dreamed of at the modern metro. Truly, it is one of the best places to live in the Philippines.
Are you searching for a pre-selling investment property? Or you are ready to move in? Property developers such as Megaworld Manila are making sure residential projects in Manila are ready to cater to your future and present living needs. Click here to learn more about the properties in Manila that are sure to offer you the best lifestyle and investment value.