The movements happening in Bonifacio Global City, Taguig’s premier central business district, has captured the Philippine real estate industry’s imagination. In recent years, there has been a tectonic shift in the local and foreign business sectors’ choice of prime location. Property analysts say this may just be the beginning of even grander things for the former army and military camp.
A key event—the opening of the Philippine Stock Exchange at the BGC in 2016—may signal the heightened transfer of more prime international offices and headquarters to this satellite city.
David Leechiu, Jones Lang La Salle country head, told reporters in a Makati presscon March 5, “I have always said for the last six years that Bonifacio is the safest place to invest in real estate. Land prices there are 30 percent higher now than in Makati. The volume of transactions in Bonifacio is 10 times bigger than transactions in Makati. In fact, there hasn’t been an asset traded on Ayala Avenue for the last seven years.”
Reposted by: Jonas Montemayor