Binondo boom made more explosive with mall opening

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Properties in Makati and BGC (Bonifacio Global City) may be the ones generating the most buzz per square inch of newspaper space, but over in Binondo there is also a silent boom in rent per square meter. Yes, it seems that our Chinatown, one of the oldest Chinatowns in the world, has rents in the same prime luxury level as Makati.

If I were to poll Binondo people as to what accounts for their rent premiums, their probable answer would be that Chinatown has character and culture. It may not be the cleanest or most orderly place, but Chinatown still has the edgiest ambience, the best food and the cheapest bargains that the Fil-Chi community has to offer.

Taken from:

http://business.inquirer.net/89520/binondo-boom-made-more-explosive-with-mall-opening

Jonas Montemayor
Real Estate Broker
PRC License #: 0007396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

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