Metro Manila’s business districts are shaping the landscape of the country. One of the reasons that these areas are emerging left and right is because of the booming outsourcing industry. According to Doing Business 2016, an annual report that analyzes the business industry of each country, the Philippines ranked 60.7 on the “ease of doing business” category, a ranking that’s better than other neighbor Asian countries like Malaysia, who only ranked at 79.13. The rising IT-BPO industry in the Philippines has created the need for more business districts that are multi-functional, serving both commerce and real estate.
Want to live in one of these highly connected areas today? Here’s the lowdown on how much it will cost to live in the Makati Central Business District and other business districts in the country.
Makati Central Business District
Makati Central Business District (MCBD) is the leading business district in the country. Not only is it home to top companies, such as Philippine Bank of Communications (PBCOM), Bank of the Philippines Islands (BPI), and Ayala Corporation, but MCBD is known for having the top shopping centers in the country. Because of these big names, living in this business district is not cheap.
Here are the numbers according to Numbeo:
Bonifacio Global City
Despite being a young financial district, Bonifacio Global City has experienced robust growth in recent years. The Singapore, Great Britain, Qatar, and Kazakhstan embassies can all be found here while corporations like JP Morgan and Chase and Reuters are also located in BGC.
Ortigas Business Center
Ortigas Business Center connects Mandaluyong and Pasig City. It’s a highly urbanized area filled with IT companies and shopping centers. Major companies such as the Asian Development Bank, San Miguel Corporation, and Jollibee Foods Corporation have set up shop in this business district.
Metro Cebu
The Queen City of the South’s rise to fame is beautiful to watch. Nestled in the middle of beautiful scenery, Cebu City is now being dubbed by investors as the next big thing when it comes to commerce. There are currently 20 IT Parks and 9 economic zones. But what makes Cebu special is its beautiful destinations that not only attract investors but also tourists from all over the world.
Want to know which is the best location for you? Then contact Libra Prime today. Libra Prime is a real estate consultant that will help you figure out which property will work best for you. Go to Chavez Property Realtor or visit their official Facebook page for more information.