03/03/2024
When it comes to Real Estate Investments, Makati Condo are often the Top of mind choice as it's a well known home base of 40% of the Top 1,000 local and multi national corporations. This is one of the reasons why they tag Makati City's Business District as most preferred location of investors.
In numbers Makati CBD has around 62,878 establishments which include 461 head offices of banks (Citi Bank etc), 10 major IT companies (Teleperformance, Sitel etc) and 27 contact centers. Most office buildings are PEZA accredited which attracts the biggest corporations as it offers tax incentives. Expats and Diplomats are the usual neighbors as there are 54 embassies (France, Spanish, Norwegian etc) and 36 consulates in the neighborhood.
Tourism is also well taken care of and reflects on the number of hotels, malls, bars and restaurants in the area. There are around 10 five star hotels, 10 shopping malls, 2000 plus bars and restaurants.
One of the most important factor is the ration of offices against residential condominiums. Undoubtedly Makati City's Business District is heavily dominated by offices which adds value to residential condos. Makati Condo also recored the highest occupancy and rental rates in the country with average figures of 97% and Php 1,000 per SQM rental rate.
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