Compass Real Estate > Cambodia Investment Guides > Manila City Overview

Manila City Overview

241
2020-05-30
Summary:Manila (Maynila, Manila), also known as Minri La, is the capital of the Philippines. It is located on the east coast of Manila Bay, the largest island of the small Philippines-Luzon. Today it is the second largest city in the Philippines and the national economic, cultural, educational and industrial center.

Basic information

City

Manila

Area

638.55square Kilometer

Population

13,520,000(2018)

GDP

92.trillion dollars per capital5000dollars

Introduction

Manila is the capital city and the largest port of the Philippines. It is located on the east coast of Manila Bay, the largest island of the Philippines-Luzon, and is close to the natural and excellent harbor-Manila Bay. Manila was built on both sides of the Pasig River.

 

The river divides the city into two parts, 7 of the 14 districts are on the north bank of the Bashi River, and 6 districts are on the south bank. The urban area is divided into two parts, and six bridges on the river connect the north and south parts of the city.

 

In November 1976, the Philippine government decided to form 17 cities and towns including Manila, Quezon, Kaluokan, Pasai and Makati to form Metro Manila, the National Capital Region, with an area of 638.55 square Kilometers.

 

Manila is located in the west of Luzon Island, on the east bank of Manila Bay, the estuary of the Parsi River, and the Parsi River traverses the city. Manila has a tropical monsoon climate.

There are only two seasons in a year. The annual temperature is around 28 ° C. It is hot and humid from November to June, and the rainy season is from June to October.

Scenic spot

Rizal Park: Rizal Park, located in the center of Manila, covers an area of 58 hectares. It was originally known as Runada Park, and was later renamed Rizal Park in honor of Dr. Rizal, a national hero in the Philippines. Dr. Rizal is an educator, as well as a writer and artist.

 

Coconut Palace: In January 1981, in the new district on the south bank of Manila Bay, a modern and magnificent building, the Coconut Palace, was built with coconut trees. It became a new resort in Manila. This is a typical Filipino-style building with two floors and a hexagonal roof. The brown roof is made of coconut wood planks, the columns are made of coconut trunks, and the bricks for the walls are made of high-strength cement with the fibers of the coconut shell.

 

Business Center: There are also some famous streets in Manila, which are also places for tourists to visit. Ayala Street was originally the private land of Spanish wealthyman Ayala. After years of continuous expansion, it has developed into a prosperous business center today. There are many companies, restaurants, shops, movie theaters and first-class restaurants in Manila. Makati Business Center, Parr Building and many foreign embassies are also in this area.

 

Malakan Nanguan: The Malakan Nanguan is located on the embankment of the Bashi River. It is built with huge Huagangyan rock as a building material. It used to be the official residence of the Governor of Spain and the Governor of the United States. After the Philippines became independent, successive presidents have built it and used it as the presidential palace.

 

Taal Lake: Located in Tagaytay Town, about 56 kilometers south of downtown Manila, a huge crater on the lake is 24 kilometers long, 14 kilometers wide, and 70 meters deep. There is a small island in the lake, the Taal Volcano on the island is the smallest volcano in the world, only 300 meters high.

Transportation

The transportation in Manila is very convenient. People are used to traveling no matter how far they go. The main modes of transportation in the city include light rail, buses and "Jeppney" cars.

 

Light Rail

 

Manila Light Rail Transit System) has two lines. Due to the difference in color design, LRT-1 is the yellow line and LRT-2 is the purple line. (Metro Rail Transit System) There is a line, MRT-3 is the blue line.

 

These three lines of light rail connect several cities in Metro Manila. Manila LRT is the earliest light rail system built in Southeast Asia. It is 3 years earlier than the MRT line in Singapore. This convenient transportation only charges a very cheap price One of the convenient policies implemented by President Arroyo.

 

Airway

 

Manila Ninoy Aquino International Airport, (NAIA) is located in the southern suburbs of Manila, about 10 kilometers from the city center. Both Philippine Airlines and major foreign airlines provide routes from the Philippines to major countries, regions and cities in the world.

 

Railway

 

Starting from Manila, the Philippine National Railway is divided into two routes, north and south. The north line extends to San Fernando and can be changed to Baguio halfway. The southern route extends to Legazby, and the Mayon Volcano is visible halfway.

 

Port

 

The Manila Bay is 55.5 kilometers away from the urban area, and the bay is 8.3 kilometers long. It is a natural good port. There is a long breakwater outside the port of Manila. Inside the breakwater is the dock area. The pier was built in 1834. Divided into two ports, north and south. An offshore vessel is moored in north Bay and an ocean vessel is moored in south port.

Education

Many higher education institutions are concentrated in Manila, such as the University of Athens, Manila University and De La Salle University, which were established in the early days, as well as the Philippine University, Philippine Teachers College, Philippine Women ’s University, Abu Alama University, Oriental University, Asian Economics established since the 20th century.

Property investment

As the capital of the Philippines, Manila enjoys the best resources and policies, which also leads to its development better than other cities, especially the downtown and CBD areas are particularly precious. There is no doubt that investing in the Philippines to choose the capital, Manila, is the most secure and has the greatest potential for development.

 

Investing in real estate in Manila is still because its housing prices are relatively cheap compared to other capital cities. For example, ORTIGAS, one of the three gold CBDs in Manila, has a housing price range of about 20,000 to 40,000 per square meter.

 

 

There are more than one core area in Manila. There are currently four main areas: Ortigas, Makati, Pasay and BGC. Among them, Ortigas also spans two cities, Pasig  and Mandaluyong.

 

Makati

Makati (Makati)Located in the Midwest of the Metro Manila region, Manila was the earliest and largest core business district and financial center. Banks, department stores, and foreign embassies are concentrated areas. The average house price is 200,000 P / ㎡, and the high-end real estate is 320,000 P / ㎡.

 

Ortigas

 

Ortigas located in the central and eastern part of Metro Manila, the emerging financial center and BPO center have gathered many financial institution headquarters, BPO headquarters bases, many new high-end office buildings, shopping malls and five-star hotels. The average house price is 170,000 P / ㎡, and the high-end real estate is 280,000 P / ㎡.

 

Pasay

Pasay located in the eastern part of the Greater Manila region, the city with the longest Manila Bay coastline is a gaming special zone and well-known entertainment district developed in recent years. Asia's largest shopping mall Mall of Asia (Asia Mall) and the Philippines four large physical gaming city homes, close to the airport, a new place for land reclamation.

The average housing price is 220,000 P / ㎡, and the high-end real estate is 360,000 P / ㎡ (only in Asia Mall and Casino area, not all Pasay City) The region with the highest rental-to-sale ratio in the Philippines.

 

BGC

BGC located in the city of Taguig in the southern part of the Metro Manila region, the emerging CBD with overall planning and construction, known as Little Singapore, is an area where Philippine high net worth individuals and overseas people are concentrated. The average house price is 210,000 P / ㎡, and the high-end real estate is 320,000 P / ㎡.


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