MIXED-USED township development has been a emerging trend in the real estate market in recent years, providing residents the convenience of living within the conceptual framework of live, shop and work.
But such convenience comes with a price: residential units within townships are more expensive.
According to a research by property listing portal Lamudi.ph, the Ayala Center in Makati City’s central business district has the most expensive township condominium units in Metro Manila, where average monthly rent go for P1,144 per square meter.
This means a 100-sqm unit goes for P114,400 a month.
Other Makati-based townships such as Century City and Rockwell Center are second and third on the list, commanding average rental rates of P986 and P973 per sqm, respectively.
Metro Manila’s second most important central business district, the Bonfacio Global City, is fourth on the list with an average monthly rent of P897 per sqm. Condo units at nearby McKinley Hill go for P779 per sqm.
Lamudi noted that the price, in this case, does not translate to a spacious unit.
The property listing portal cited the Ayala Triangle/Apartment Ridge area has biggest condo units compared to the other areas surveyed by Lamudi, with an average of 275 sqm at P568 per sqm per month.
Some of the developments found in this area are One Roxas Triangle and Pacific Plaza Condominium.
Nearby Salcedo Village, offers condo units with average sizes of 126 sqm fetching an average monthly rent of P652 per sqm.
A few townships even offer tighter spaces at much higher prices. The Bay City, which sits on reclaimed area that straddle the cities of Pasay and Parañaque, have 34 sqm units that carry a price tag P850 per sqm per month.
Other areas with a similar price range are Muntinlupa – 42 sqm at P874 per sqm per month – Eastwood City (46 sqm P709 per sqm) and Newport City (50 sqm at P785 per sqm).