Owning a condominium unit in Metro Manila is a dream of many, especially young urban professionals and startup families who want to be in the center of things. Yet, these properties are also often regarded as expensive, deterring some home-seekers from buying one.
There are, however, reasonably-priced real estate developments in the metropolis that are specifically designed for those who wish for upgraded suburban living and access to modern conveniences.
Urban planners are seeing a rise in the demand for affordable properties in strategic locations such as Marikina City, as economic activities in the country resume slowly.
“Marikina City offers an ideal living environment. Its proximity to Quezon City and Pasig City makes it easy for residents to go around the metro for work, school, or entertainment once life returns to normal,” said Gilbert Berba, urban planning head of real estate developer Federal Land, Inc.
“At the same time, it is detached from the hectic pace of its neighboring cities and close enough to the natural and man-made attractions of Rizal, Laguna, and Quezon for a quick getaway,” he added.
Nearby are IT centers, a thriving manufacturing industry, several well-known shopping malls, and popular food hubs within the city itself. Prestigious educational institutions such as the University of the Philippines, Ateneo de Manila University, and Miriam College are also in close proximity.
Because of these factors, developers are taking advantage of Marikina’s prime location to provide young people with their own homes complete with modern amenities and an assurance of a solid investment for the future. Property value—especially pre-selling condominium units—appreciates over time, making it a wise investment.
Master-planned Communities
Federal Land is already seeing the escalating demand for affordable properties in Marikina City and has already put up master-planned communities that would cater to the needs of the price-conscious market.
“We are seeing a growing demand for reasonably-priced condominium units outside of densely populated areas but are still within Metro Manila, and this trend is expected to continue,” added Berba.
Rising in Marquinton Drive, along Sumulong Highway, Siena Tower is a part of the vibrant master-planned community complete with shopping centers, office spaces, and well-thought amenities. It is part of Federal Land’s efforts to build communities at the heart of Marikina to help increase the city’s homeownership rate and income potential.
Siena Towers goes beyond being home by providing affordable living spaces and dynamic lifestyle options. The high-rise property is strategically located to be a starting point for activities within and outside of Marikina. It is connected to roads that lead to hang-out places like food strips, museums, specialty stores, artisan shops, and malls.
It features outdoor and indoor facilities such as adult and children’s swimming pools, landscaped garden, jogging path, open pavilion, children’s play area, gazebos, gym, daycare, game room, karaoke room, function room, shower/changing rooms, and lounge.
Homeowners will also feel safe and secure with the presence of an automatic fire suppression system, fire detection alarm system for common areas, standby power generator, 24/7 building security, building lobby and reception area, and CCTV in the ground floor lobby area, elevators, and re-entry floor (every four floors).
“Our aim for this development is not only to provide Filipinos with the option of living in a master-planned community at a price that suits their budget, but also to enable them to live their lives in such a way that is ready for the post-pandemic world, one that is close to economic activities and their needs,” said Berba.
Siena Towers is set to launch its second building soon. This gives interested buyers the chance to avail the lower introductory price, discounts and flexible payment terms.
To learn more, visit Siena Towers’ website or call (63) 917 841-6449 or (632) 8646-7665 to schedule a private viewing of the property.