One of the biggest dreams every Filipino probably has is to acquire a house they can call their own. That is actually one of the many reasons why the Filipino workers, especially those who already have their own family, work doubly hard to earn money and save for a house. This is one of the most wonderful thing that every Filipino considers having: a house to call a home is one of the biggest and most important treasure that they could ever have.
Quite a number of considerations should be thought of before one should decide to buy a property like a house. The biggest consideration probably would be your financial capacity to own one. All the housing options must be carefully thought of and analyzed before deciding to acquire a house of your own.
This article aims to serve as guide and reference to the readers as well as potential house owners in deciding and choosing a house, particularly a townhouse for sale in Manila area. This article will likewise be helpful to those people working and studying within the vicinity of Manila should they consider getting a place to stay within the area, whether temporary or permanent. Essential information about Manila townhouses shall be provided and will be made accessible to the readers.
On the eastern shores of Manila Bay, 800 miles, approximately 1,300 km from mainland Asia is the City of MANILA, considered as one of the highly urbanized cities in the Philippines, Manila is also one of the busiest cities found in the country and probably one of the most crowded too. A mix type of individuals can be found dwelling in Manila, whether temporary or permanently living in the area.
Manila has an area of 38.55 square kilometers with 897 barangays, (this is considered as the smallest unit of local government in the Philippines). Each barangay has its own Capitan del barangay or chairperson and councilors that serves as administrators. To make it easier for the baranggay officials to manage each baranggay, all the barangays in Manila are grouped into 100 zones, with every zone are sub-divided in 16 more districts.
Manila is considered to have an economy that is diverse and versatile, creating a great opportunity for employment for most Filipinos and other foreign investors as well. Several different manufacturing companies can be found in Manila, from textile industries, electronic, clothing, etc., one of the busiest seaports in the world is also found in Manila, there are also restaurants, stores, schools, and churches, which in one or another is also a source of income for the residents and travelers alike. One of the biggest flea markets in the country is also found in the City of Manila, and that is Divisoria, where all sorts of businesses and business people are found. All of these are sources of employment that makes people go and thrive in the city of Manila. And when people go to a particular place to work whether for a short or longer period of time, the next thing that they will look for is a place to stay.
Apart from workers, over a million tourists also visits Manila each year, going to major tourist destinations like Intramuros, the museums such as the National Museum of the Philippines, other tourist destinations like the Manila Zoo, the City China Town, Rizal Park and even to the well known and high class shopping malls like SM, Robinson’s, Greenbelt, etc. as well as the well known flea market Divisoria a shopping destination for the local residents. And just like the workers, when there are tourists around the area, a place to stay is what they will look for, and Manila townhouses that are apt for rent maybe the best and practical place for these tourists to dwell temporarily.
When one decides to work or establish a business in Manila, it is best recommended that you find a place to stay within the area, and one of the best place to stay is in a Manila Townhouse, aside from the money that you get to save from travel it also keeps you away from the stressful and long travel time.
Staying at a Manila townhouse is also advisable to people who travels a lot whether for business or pleasure, since the international and domestic airports of the country is located in the city of Manila. For expats and foreign businessmen, Manila is the best place to stay not only because it is near the airport but the cost of living in Manila is also one of the cheapest in the world, although this may vary depending on the lifestyle and housing preferences one may have.
Choosing to live in Manila townhouse offers a lot of convenience for working, studying and traveling individuals, whether it is rented or owned. Living in Manila townhouse is relatively cheap and practical as compared to staying in a hotel or condominium unit for a long period of time. Townhouses for sale in Manila are usually situated near the business center and entertainment area, which is good for working individuals. It is also near restaurants and fast food so it should be easy for you to buy something to fill your hungry stomach should you feel lazy to cook your own food, especially so if you are tired after a long day of work or shopping. And speaking of shopping, living in Manila townhouse also gets you closer to one of the biggest malls in the country, the SM Mall of Asia otherwise known as MOA, here you can find the best purchases in town, from outfit to gadgets to food and more. And don’t forget, if you stay in Manila It also gets you closer to the ever famous bay walk, the best place to watch the golden Manila sunset, while you sit at the seawalls.
There are lots of townhouses to choose from within the City of Manila, depending on your taste, choice of location and of course financial capacity to either rent or own one.
One of the biggest ongoing projects in Manila today is the 5 billion pesos development project of Ayala Land Inc., which is the Celadon Residences. A 4.2 hectare residential townhouse community bound to offer two hundred and two units. Celadon residences’ is an intimately gated residence that offers a leisurely living in the heart of Manila. Celadon residences’ is a Mediterranean inspired townhomes, which provides it residents with a wide array of amenities. The village park’s facilities are made not only for kids but for adults as well, there’s a swimming pool area, an open play-field, kid’s playground, basketball court, clubhouse pavilion where the residents of the community can hold parties and other bonding activities with family and friends as well the other members of the community. Celadon residences’ also has a 24 hour security using a high security system to keep the residents safe and secured.
If you are a student looking for a place to stay, there are also townhouses for sale in Manila located near the major and top universities in the country most commonly known as the University Belt. There is a 3 storey townhouse located near San Beda, CEU, FEU, La Salle Taft, etc., the units has 4 bedrooms, 3 toilets and baths, maid’s quarter, small laundry area, family hall, study/computer area, a lanai and car garage. This townhouse is perfect for students studying in any of the mentioned universities, whether they live alone or in group or even together with their families, the townhouse is big enough to occupy quite a few members of the family.
A price of a townhouse for sale in Manila vary depending on the size, location and amenities available. For instance a 72.6 sq.m townhouse located near UST and other commercial area, with 2 bedrooms in the ground floor, 2 bedrooms in the second floor, one toilet and bath, kitchen area and attic, cost around 3.5 million pesos.
In Sampaloc Manila, there are brand new townhouses for sale that cost around 4.3 million pesos. These townhouses have two bedrooms, two toilet and bath, one small storage area, a laundry area and a car port. These townhouses is also located near the University of Sto. Thomas, one ride away to University Belt and is also one ride from LRT2 (Legarda Terminal), it is also located near hospitals, banks, grocery stores and malls. Mode of payment can be cash or through bank financing.
Speaking of payment, other than bank financing and cash payment, you may also avail of the Pag-Ibig housing loan from the Home Development Mutual Fund of the government. Take note however, that this type of loan is made available to Pag-ibig members only. Pag-Ibig members may avail of the housing loan if they have already paid at least 24 months of member’s contribution or at least 4,800 pesos. The member’s contribution amounts to 200 hundred pesos only per month. For employed individuals 100 pesos of the 200 hundred pesos contribution is shouldered by their employer. One can also be a voluntary or self-employed member, which means that you will shoulder the entire 200 hundred pesos monthly contribution. The Pag-Ibig Housing Loan is also made available for Overseas Filipino Workers.
For more inquiries on how to avail of the Pag-Ibig loan as well as the processes, you may contact us.
But if you do not plan to live in Manila for good, you always have the option of renting a townhouse unit that suits your style need and financial capacity. There are also quite a number of choices of townhouses for rent within Manila area, with rental fees ranging from as low as ten thousand pesos (10,000), twenty two thousand (22,000), thirty thousand (30,000), forty thousand (40,000), fifty five thousand (55,000) up to eighty thousand pesos (85,000) and even more, depending on the size, location and amenities available.
Owning a house is not as easy as ABC or 123, especially if you do not earn a lot, there are a lot of considerations that has to be made. Owning your own house outright is such a huge challenge for those seeking a simple, financially-free life. However to own a house is probably the most practical goal one can ever have. A mortgage could be the biggest monthly debt for many people, and that is the reason why people just keep on working hard day after day. If you are not paying the mortgage you are probably paying the rent, which is often just a high as a mortgage. Comparing it to taxes, mortgages are something that is inevitable in every human being, and there doesn’t seem to be any way to get around them. These are the available tips and schemes to be able to own your house outright, this may not be an easy way though but still worth a try:
First, if you already own a house that has increased in value, you can sell that house and downsize to a much smaller, less expensive home. Also, you can gather your savings and buy a very inexpensive home, and spend your time improving it. You can slowly save money over the years, and eventually purchase a house outright. You can buy land, live in a temporary structure and build your own house using inexpensive materials. More radically, you can build a small house on your existing land, and then purchase vacant land site and transport that house there.
Not to forget considering a townhouse for sale in Manila, the tips above are quite good and practical. It maybe hard to do at first but it makes a lot of sense, besides nothing good comes easy, remember?
- Lyn Bacarisas, Broker