Vertical Properties Are the Next Big Thing
Popular because of its exclusive and high-end residential enclaves such as Ayala Alabang, this “little city” is once again putting itself forward with the emergence of condos for rent in Alabang.
Just like what happened to other major business and residential districts in the Metro, the shift from house and lots to vertical or condo developments is now being felt in one of the key areas in southern Metro Manila. It is believed that when real estate values start to go up, especially in high-density and mixed-use areas like Alabang, other property options will come forward to supply the demand in the district. People eventually look for townhouses and condominiums.
For this reason, many condos for rent in Alabang have cropped up in various strategic areas within the little city. Expats and locals alike who have businesses and warehouses far down south choose this area because they want to minimize their travel time while enjoying the amenities and facilities in the vibrant district.
A big chunk of the high-rise market comes from foreigners who stay in luxury hotels to be near their work area. Now, instead of staying in hotels or serviced residences, the executives are going for an Alabang condo for rent.
Why Rent a Condo in Alabang?
Property values in Alabang are expected to appreciate along with the rest of southern Metro Manila. A recent study of research firm Cuervo Far East (CFE) envisions that real estate in the Southern Manila West Growth Area or portions of Las Piñas and Muntinlupa will appreciate 10 to 15 percent annually until 2019 as new road networks and residential developments are built. By just looking at the numbers it can be concluded that generous returns are waiting for investors South of Manila, especially Alabang.
More than just being a lucrative and wise investment, living in Alabang also entails comfort and convenience. Widely accessible to major central business districts such as Makati and Taguig, traveling to business meetings and other agendas will just be easy.
Condos for rent in Alabang can be pretty expensive given that these units are within the affluent barangays of Alabang and Ayala-Alabang, although there are some relatively affordable units for rent. Renters can avail of condo units for around Php 21,000 up to a staggering price of Php 200,000. While most of the condos for rent in Alabang are fully-furnished, there are also semi-furnished units that allow renters to decorate and refurbish the unit as they please.
Everything is complete and within reach inside the self-contained district. Alabang has reputable educational institutions, entertainment centers, a good and reliable hospital, and even worship places. It is even very close to weekend vacation destinations, such as Nuvali in Santa Rosa, Tagaytay, and the beaches of Batangas, places that can be accessed through bus terminals in Alabang. For this reason alone, many people chose a condo for rent in Alabang, not because of the convenience they provide, but also because of the district’s laidback and vacation vibe.