Compass Real Estate > Cambodia Investment Guides > Makati City Overview

Makati City Overview

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2020-05-30
Summary:Makati is one of the 16 cities that make up the Metropolitan Manila in the Philippines, the financial center of the Philippines, and the country's highest density of international and local companies. Major banks, corporations, department stores and foreign embassies are located in Makati.

Makati City Overview

Basic information

City

Makati

Area

21.57 Square kilometers

Population

529,039(2010)

GDP

GDP为196.5trillion,per capital$33,000

Makati 

(English: Makati) is one of the Metropolitan Manila cities in the Philippines. The financial center of the Philippines is known as the "Manila CBD". There are super large shopping centers, luxury hotels, top restaurants and entertainment hubs, etc. The streets are clean and tidy, and PBCom Tower is one of the tallest buildings in the Philippines.

Makati City is also famous for its shopping centers. The Ayala Center on EDSA and Ayala Street has two large shopping centers, Glorietta and Greenbelt. It is the iconic shopping center of Makati City. It used to be the airport in the past, and Ayala Street and Makati Street were the runways at that time.

Although Makati is a small area, only the 17th largest city in the Philippines, it has always been the traditional financial and commercial center of the Philippines. For this reason, it has gathered a large number of migrants who come to work and do business. According to statistics, the total number of local residents is about 500,000. On working days, Makati has a combined population of more than 1 million. It is extremely popular and is one of the most densely populated regions in the world!

As the most developed and prosperous area in the Philippines, Makati has the most skyscrapers in the Philippines. Famous landmarks include PBCOM Tower and GT International Building. Famous shopping centers include The Ayala Center and The Rockwell Center. The Makati Business Club in the region is made up of more than 800 CEOs and executives and represents the largest and most dynamic company in the Philippines.

Ethic distribution

Makati has an area of about 21.6 square kilometers. In 2016, the latest official registered population was nearly 600,000, with a population density of 19,336 people per square kilometer. The highest daily flow of people during the day was 4 million. It is the 41st city in the world in terms of population density. .

More than 88% of the local residents believe in Catholicism, people get along with each other relatively well, there is no obvious xenophobia and offensive, the entire social security environment is very stable; the local is the Philippines ’newly rich, foreign immigrants and foreign company executives Love, there are many aristocratic schools, and housing prices near the school are also pushed to the highest in the region.

Scenic spot

Castle of Santiago: Known as the "Holy Land of Freedom", it commemorates the Filipinos who were detained and killed during the Spanish and Japanese occupation, and now the dilapidated city wall seems to be telling this history.

Transportation

Light Rail: MRT-3 has four stations in Makati: Guadalupe, Buendia, Ayala and Magallanes.

Education 

schoolPhilippine Makati University: Located in Makati City, the capital area, it is a formal public research university filed by the Philippine National Higher Education Commission (CHED) and is a public university certified by ISO 9001: 2008.


Real estate investment

Taking into account factors such as the economy, population, number of enterprises, infrastructure, and transportation in the region, local housing prices and rents are relatively high. According to the average price statistics between 2016 and 2018, the unit price per square meter of commercial housing is between 18,000 and 23,000, and the average suite price is around 450,000; the average rent of an apartment with one bedroom and one hall, and a complete set of home appliances is 4,600 yuan, and the rental income The rate is 8.89%, and from the data of the past five years, housing rents have increased by about 3% every year, and the rental return rate is the highest in the Philippines and even Asia.

According to the prediction of the World Bank, the Philippine middle class will increase further, and the rich will be more concentrated in this region. The accelerated entry of foreign capital will directly lead to a new level of housing prices and rents in the region.


Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

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