Cheap Condos for Rent or Sale in Magallanes, Makati City

Last year “condo” was a dirty word. This year prices are much lower and condos may be re-emerging as the darlings of residential real estate.

As with all real estate issues in Magallanes, Makati City, the chief concern is location, location, location. Before the condo bust, people were looking to live closer to their jobs and closer to the center of leisure time activities. Developers stepped in and built a slew of offerings in prime urban settings. Now these prime locations are available at much lower prices.

There are pockets of live-work-play condo developments all over the country. Metro Manila is a premier source of condominium gems in the Philippines. The Channelside district of downtown Makati City shines brighter than most. Here’s why. It’s within walking distance of a thriving commercial center as well as many city entertainment outlets in Makati City. It has many views of Tampa Bay. It’s a half hour from the Gulf Beaches. It has a year-round pleasant climate. And virtually all of the available units in the neighborhood are recent construction.

Whether you save money buying depends of course on the price you pay, availability of financing, your tax bracket, the cost of home owner association maintenance fees, taxes/insurance, how long you plan to live in Magallanes, and other hard factors. You and your spreadsheet can quickly calculate these.

There are other not so hard factors that can be just as important. For example what do you save on your commute? Consider not only the wear-and-tear on your car, but he wear and tear on your nerves as they endure traffic every day in Magallanes, Makati City. You can quantify this consideration to some extent. Use Php 10 which is the current mileage deduction. A 20-mile round trip commute will shed off pretty much deductions on your savings in a year. Above that, what’s it worth being at home or with friends opposed to sitting in rush hour traffic? Walking or biking to work is a real possibility for residents who work in Magallanes, Makati City area.

One advantage to a neighborhood like Magallanes, Makati City is that all the projects are new. Your risk of special assessments from the home owners association is low, but you should explore special assessment risk thoroughly in making your decision.

New construction in Makati City offerings is also going to keep your remodeling costs down, but if you like to change your look every few years, factor in the costs of paint jobs.

Some people are genuine nesters. You derive comfort and strength from a “place of your own.” You take joy in giving it your special look and tweaking the look over the years. You will and should skew the outcome of the rent-or-buy decision to “buy.”

However, you should take care to have other factors in mind so that your decision is not overwhelmed by emotional considerations. These factors can be ruinous. Ask some questions.

  • What is the number of foreclosures in the building?
  • What can you find out about the management company?
  • What do residents think?

Others of us are more peripatetic and are content to put their heads down in any peaceful place. These folks will skew the rent-or-buy decision to “rent.”

Depending upon where you live, your region might have better vacancies at a certain season. College towns might see a huge exodus around late springtime when students graduate and relocate from their condominiums as well as flats. As a result, you might find it an obstacle to find an area in the summer when individuals have even more time off to move. Consult with a property broker to get a much better feeling of the renting out cycles where you live.

There are many condos for rent in Magallanes, Makati City. And there are also many condos for sale in Makati City. In either case for the first time in a long time there is a legitimate rent-or-buy choice. Check out condominiums for rent or sale by owner below.


1 BR with Balcony
Fully Furnished unit (31 sqm)
Located at 18th Flr.
FOR RENT @ Php 35,000 per month

Near waltermart; walking distance to Makati medical center, Greenbelt, Landmark, Glorietta & SM Makati, accessible to PNR railway station, MRT Magallanes & Osmena Hiway.


36 (sqm) located at the 12th floor of Two Serendra by Ayala Land
Fronting SM Aura and Market! Market!
Php 8M

Contact No.: 0920-965-1546

Video: Condo for Rent in Magallanes, Makati City