Economic Outlook: The Bonifacio Global City in 2015

PH Economy

With the recent upswing of the Philippine economy and Metro Manila landing as the 8th top city for investment and development prospect in the world (Urban Land Institute Pacific), Bonifacio Global City has taken a rapid turn as the fastest growing Central Business District (CBD) in the region.

Major corporations such as HSBC, JP Morgan Chase, Chinatrust, Deutsche Bank, Oracle, Thomson Reuters, and Sun Life have flocked into one of the most sought-after business addresses in the country, attracting investors, multinational companies and emerging BPO firms. Additionally, there has been an increase in infrastructure and real estate development, thus accommodating the growing demand for quality residential areas within the global district.

A Smart Investment Choice

The Philippine property market is booming in 2015, as developers, investors and buyers realize the potentials of the country and its CBDs, most especially BGC. Townships are being built by leading developers such as Megaworld, offering only the best cosmopolitan experience the world has to offer—premier condominiums, top-grade offices, first-class leisure attractions, reputable academic institutions and chic commercial destinations—a conglomeration of its signature elements, LIVE-WORK-PLAY-LEARN-SHOP.

These sustained developments, among others, account for BGC’s 38% increase in land values and 6% increase in capital values, as well as its impending economic growth. Meanwhile, rental rates experienced a 5% increase, projecting favorable returns on investment for both residential and office landlords (KMC Mag).

Examining other Metro Manila CBDs, on the other hand, gives a better view of BGC’s overall standing as a flourishing commercial district. With a 6% property yield, it surpasses Makati’s 5.5% and Ortigas’ 4.4%—concrete proof that it is one to watch out for.

Global City, Global Community

The Philippines has the 3rd largest English-speaking population in the world, and Metro Manila is one of the lowest cost destinations in Asia. It also ranks 2nd among the world’s top BPO destinations (Tholons). These are influential factors as to why more and more expatriates and foreign investors are considering the country for settlement or as the base of their operations.

Furthermore, BGC is strategically located near EDSA, C-5 and SLEX, making it accessible from all points of the Metro, and advantageous to firms or individuals alike. Residents and visitors also continue to find their place here as it boasts of convenience, luxury, modernity, and multiculturalism.

Existing and forthcoming developments, such as Megaworld’s newest township, Uptown Bonifacio, also contribute greatly to its progress and prominence. Condominiums, offices, museums, hospitals, schools, clubs—the finest of everything in a single, intelligently-designed site. Rising from the ground and bringing color to Taguig’s skyline, these have turned Bonifacio Global City into a melting pot of cultures, a breeding ground for young professionals, and a front runner in today’s competitive real estate market.

Author: Megaworld at The Fort


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