Is Buying a Condo in Ortigas a Smart Idea?

Manila skyline

Manila skylineMetro Manila condos are the priciest and the most abundant in the country. Yes, Metro Cebu and Metro Davao are hot on their tails, but the Metro is still king, especially with its larger cities and its enviable business districts. One such plush district is Ortigas Center in Pasig.

If you buy a condo in Ortigas, expect a bountiful return, since the business district is currently primed for a busier economic future.

Business spillovers everywhere

Ortigas, prying along the busiest roadway in the country, EDSA Avenue, is bounded by Makati and Mandaluyong, two uber-rich cities of the Metro. It is also close to Taguig, the business-building behemoth that is now competing with Makati in almost all socio-economic spheres. This strategic location is both a blessing and an opportunity.

As a blessing, it heralds a natural crossover point of businesses from the cities that surround it. The district is a transport and a retail mecca. Just think of Shaw Boulevard and Ayala Avenue, and the host of malls along them. As an opportunity, it encourages a future that can hold more people as new inhabitants of the cities around it overflow in new workers and migrants.

A real estate haven

As the opportunity to attract more people gets more viable as ever, large developments are beginning to thicken from the country's largest real estate developers. With rapid urbanization, skyrocketing BPO employment growth, surging household incomes, and the continuous flow of overseas workers' remittances, the investment being poured by the real estate industry in Ortigas will never be in vain.

Metro Manila is expected to see rapid growth in the real estate sector until 2020, and this remains true in Ortigas. Living in Ortigas should eventually be comparable to the finest of Makati and Taguig in the coming years.

Investing in Ortigas by buying a condo is a perfect decision. For Ortigas, the mini-city flanked by wealthy cities, behaves like its neighbors, in terms of growth, promise, and opportunity.