Affordable Rent to Own Condo in Manila

 

Manila is divided into 16 administrative districts: Binondo, Ermita, Intramuros, Malate, Paco, Pandacan, Port Area, Quiapo, Sampaloc, San Andres, San Miguel, San Nicolas, Santa Ana, Santa Cruz, Santa Mesa and Tondo.

Rent-to-own condominiums in Manila have a wide range of prices starting from Php10,000 per month and to as much as over Php 47 million at full purchase price.

Most condo landowners will require tenants a five percent downpayment and reservation fee of Php 25,000 to fully secure the condo unit.

Manila’s rent-to-own condos gives future renters the convenience of living in a lively city that has everything.

 

Affordable Rent-To-Own Condo in Manila: Your Way to Live in the Capital City

What is now known as the City of Manila once comprised of settlements and trading quarters ruled by different datus and chiefs. During the Spanish colonization, Manila was confined to the walled city of Intramuros, with the surrounding areas of Tondo, Santa Ana, Pandacan, Malate, Ermita, and Paco were considered suburbs. 

Today, Manila has expanded to include all of these other districts, as well as Quiapo, Legarda, Santa Mesa, and the old Chinatown in Binondo. The city also comprises Barangay San Miguel, the area surrounding the Malacañang Palace, which is the official residence of the President of the Philippines.

Manila’s growth also spurred the interest of people to in its real estate properties. Being neighbors with Makati, Quezon City, and Mandaluyong makes Manila a suitable residential area. Housing options such as an affordable rent to own condo in Manila allow property seekers to get condo units in a prime city.

Nearby Establishments

As Manila transcends into a cosmopolitan city, its heritage sites once outlined with Spanish-inspired architecture now comprise condominiums by renowned real estate developers. These projects may also offer rent-to-own units that neighbor an array of institutions catering to convenience and comfort.

An affordable rent to own condo in Manila will neighbor establishments such as:

Schools:

• The University of Santo Tomas
• National University
• Far Eastern University
• University of the Philippines - Manila
• Philippine Normal University
• Universidad de Manila
• Manila Science High School
• University of the East
• The University of Manila
• Arellano University

Hospitals:

• Mary Chiles General Hospital
• Ospital ng Sampaloc
• Philippine General Hospital
• Our Lady of Lourdes Hospital
• San Lazaro Hospital
• Seamen’s Hospital
• Sta. Ana Hospital

Shopping Centers:

• SM City Santa Mesa
• SM City Manila
• SM City San Lazaro
• Robinsons Place Manila
• Tutuban Center
• Lucky Chinatown Mall
• Isetann

Tourist Destinations:

• Manila City Hall
• National Museum
• United Nations
• Rizal Park
• Arroceros Forest Park
• Ermita Church
• Manila Ocean Park
• Quirino Grandstand
• Sampaloc Church

Condominium Developments:

• Covent Garden Residences
• Urban Deca Homes Vitas
• Victoria de Manila 2
• Torre Malate
• SMDC Green Residences
• Adriatico Gardens

Average Prices of the Rent-To-Own Condos in the City of Manila

Since most of the condos in Manila are by premier real estate developers, expect their selling prices to have upscale prices. But because there are rent-to-own options, people can now get the condo of their dreams for more affordable prices.

Most condo landowners will require tenants a five percent downpayment to secure their desired unit. Some may also require a reservation fee of Php 25,000 to secure the condo unit fully. Rental fees start at Php 10,000 a month until the tenant fully pays and owns the condo unit.

Why Should You Get an Affordable Rent-To-Own Condo in Manila?

Manila’s rent-to-own condos gives future renters the convenience of living in a lively city that has everything. It also gives tenants the chance to purchase a condo unit gradually. The condominiums come in a variety of sizes ranging from studio-type all the way to 4-bedroom units.

Business and Work Opportunities

Manila is home to Ermita, Malate, and Divisoria, three of the busiest districts in the city. Potential renters of an affordable rent to own condo in Manila may venture into the suitable businesses ideas available such as retail, online selling, buy-and-sell businesses, restaurants, laundromats, markets, and study/co-working spaces.

Employment opportunities are also available to those who will avail affordable rent-to-own homes in Manila. Jobs are available in commerce, hospitality, food manufacturing, construction, engineering, customer service, and managing establishments.

How to Get to the City of Manila?

Public transportation such as jeepneys, buses, tricycles, pedicabs, and train lines has made going around Manila has never been easier. Roads such as Taft Avenue, Macapagal Boulevard, Roxas Boulevard, and EDSA also make commuting from Manila to its neighbors more convenient.