I. Introduction
Bonifacio Global City (BGC) is a rapidly growing financial and lifestyle district in Taguig, Metro Manila, Philippines. Developed by the Bases Conversion and Development Authority (BCDA) in partnership with Ayala Corporation and Evergreen Holdings, BGC has transformed from a military base into a modern urban center that attracts both local and foreign residents.
BGC is known for its well-planned roads, pedestrian-friendly streets, and modern architecture, making it a highly desirable place to live, work, and play. It boasts a wide range of commercial and residential establishments, world-class amenities, and a vibrant community that fosters a work-life balance.
In this blog, we will delve into the various aspects of BGC that make it an attractive location for both residents and investors. We will explore the benefits of living in BGC, the types of properties available for sale, the factors to consider when buying a condo in BGC, and tips for making an informed decision. Whether you are a young professional, a family, or an investor, this blog will provide valuable insights to help you discover the potential of BGC as your next home or investment opportunity.
Why it is a desirable place to live in
BGC is a desirable place to live in for several reasons:
- Proximity to businesses and commercial establishments: BGC is home to numerous multinational and local corporations, making it a hub for employment opportunities. It is also a shopping and dining destination, with a wide range of retail and food establishments located within the district.
- Accessibility to transportation: BGC is strategically located near major thoroughfares, such as EDSA and C-5, and is accessible through various modes of transportation, including buses, jeepneys, and ride-sharing services.
- Availability of recreational facilities: BGC offers a variety of recreational facilities, such as parks, playgrounds, and sports venues, that cater to different age groups and interests. These facilities provide residents with opportunities to stay active and socialize with their neighbors.
- Enhanced security: BGC has a dedicated security force that patrols the district 24/7, ensuring the safety and well-being of its residents and visitors.
- Aesthetically pleasing environment: BGC’s modern architecture, landscaped green spaces, and public art installations make it a visually appealing environment that fosters a sense of community and pride among its residents.
Overall, BGC’s combination of accessibility, convenience, safety, and aesthetics makes it a desirable place to live in, particularly for young professionals and families seeking a high-quality urban lifestyle.
Purpose of the blog
The purpose of this blog is to provide readers with valuable insights into the condominiums available for sale in BGC, Metro Manila, Philippines. The blog aims to guide prospective buyers in making informed decisions by highlighting the various factors to consider when buying a condo in BGC.
The blog will delve into the different types of condo units available, their features and amenities, and the advantages and disadvantages of each. It will also discuss the location and accessibility of different condo developments, as well as the lifestyle and community that each offers.
Moreover, the blog will provide tips and strategies for buying a condo in BGC, such as budgeting, financing, and negotiating techniques. It will also provide readers with an overview of the real estate market in BGC, including recent trends, projections, and opportunities.
Ultimately, the blog aims to help readers find the perfect condo unit in BGC that meets their specific needs, preferences, and budget, and to provide them with the necessary information to make a sound investment decision.
II. Advantages of Living in BGC
Bonifacio Global City (BGC) offers several advantages to its residents, making it a highly desirable place to live. Here are some of the advantages of living in BGC:
- Proximity to workplaces and schools: BGC is home to numerous multinational and local corporations, making it a hub for employment opportunities. Living in BGC means that you can minimize your commute time and spend more time with your family and pursuing your interests. BGC is also home to several top-ranked international schools, providing excellent education options for families with children.
- World-class amenities: BGC has a wide range of world-class amenities, such as shopping malls, recreational facilities, and entertainment venues, that cater to different interests and lifestyles. From parks and playgrounds to museums and theaters, BGC offers something for everyone.
- High-quality of life: BGC is known for its well-planned roads, pedestrian-friendly streets, and modern architecture, making it a safe and comfortable place to live. It has a dedicated security force that patrols the district 24/7, ensuring the safety and well-being of its residents and visitors. The district also has a vibrant community that fosters a work-life balance, with numerous social and cultural events organized throughout the year.
- Accessibility: BGC is located near major thoroughfares, such as EDSA and C-5, and is accessible through various modes of transportation, including buses, jeepneys, and ride-sharing services. Living in BGC means that you have easy access to different parts of Metro Manila, as well as to major airports and seaports.
- Potential for high return on investment: BGC is a prime real estate location, with a high demand for properties that can offer a high return on investment. The district’s continuous growth and development make it an attractive location for investors looking for long-term capital appreciation and rental income.
Overall, living in BGC provides residents with a high-quality urban lifestyle, with a plethora of amenities and opportunities that cater to different interests and preferences. Its strategic location, accessibility, and potential for high return on investment make it a desirable place to live and invest in.
III. Benefits of Buying a Condo in BGC
If you’re looking to invest in a property in BGC, buying a condo can offer several benefits. Here are some of the benefits of buying a condo in BGC:
A. Accessibility to your work and other establishments: Living in a condo in BGC means that you’ll be located near your workplace, reducing your commute time and expenses. You’ll also have easy access to other establishments, such as shopping malls, restaurants, and entertainment venues.
B. Reduced commute time: The traffic in Metro Manila can be notoriously congested, but living in a condo in BGC can significantly reduce your commute time. This means that you can spend more time with your family or pursuing your interests, rather than being stuck in traffic.
C. Availability of world-class amenities: BGC is known for its world-class amenities, such as shopping malls, recreational facilities, and entertainment venues. By living in a condo in BGC, you’ll have easy access to these amenities, enhancing your quality of life.
D. Increased property value: BGC is a prime real estate location, with a high demand for properties that can offer a high return on investment. By buying a condo in BGC, you’ll be investing in a property that has the potential to appreciate in value over time.
E. High rental demand: BGC is a hub for employment opportunities, which means that there’s a high demand for rental properties in the area. By buying a condo in BGC, you can capitalize on this demand by renting out your property and generating a passive income stream.
Overall, buying a condo in BGC can offer several benefits, such as accessibility, reduced commute time, access to world-class amenities, increased property value, and high rental demand. If you’re looking for a property investment that can provide long-term capital appreciation and rental income, buying a condo in BGC can be a smart choice.
IV. Types of Condos for Sale in BGC
If you’re looking to buy a condo in BGC, there are different types of units available to suit your needs and preferences. Here are some of the types of condos for sale in BGC:
A. Studio Units: Studio units are typically small, self-contained units that are ideal for individuals or couples who prioritize location and accessibility. These units usually consist of a living/sleeping area, a kitchenette, and a bathroom.
B. One-Bedroom Units: One-bedroom units offer more space than studio units and are ideal for individuals or couples who prefer a separate bedroom area. These units typically consist of a living area, a separate bedroom, a kitchenette, and a bathroom.
C. Two-Bedroom Units: Two-bedroom units offer more space than one-bedroom units and are ideal for small families or roommates who want more privacy. These units typically consist of a living area, two separate bedrooms, a kitchen, and one or two bathrooms.
D. Three-Bedroom Units: Three-bedroom units offer even more space than two-bedroom units and are ideal for larger families or groups of roommates. These units typically consist of a living area, three separate bedrooms, a kitchen, and two or three bathrooms.
E. Penthouse Units: Penthouse units are luxury units located at the top of a high-rise building, offering spectacular views of the city skyline. These units typically offer more space than other units and come with exclusive amenities, such as a private pool or a rooftop deck.
Overall, the type of condo you choose to buy in BGC will depend on your lifestyle, preferences, and budget. Whether you’re a single professional, a small family, or a group of roommates, there’s a condo in BGC that can suit your needs and offer a high-quality urban lifestyle.
V. Factors to Consider when Buying a Condo in BGC
If you’re considering buying a condo in BGC, there are several factors to consider to ensure that you make a wise investment. Here are some of the factors to consider when buying a condo in BGC:
A. Developer’s Reputation: It’s essential to choose a reputable developer when buying a condo in BGC. This is because the reputation of the developer can affect the quality of the condo and the level of service you’ll receive. Look for a developer with a track record of delivering high-quality condos and excellent customer service.
B. Location: The location of the condo is a crucial factor to consider when buying a property in BGC. Look for a condo that is located in a prime location with easy access to your workplace, shopping malls, restaurants, and other amenities. Consider the proximity of the condo to public transportation and major thoroughfares to ensure that you can easily commute to other parts of Metro Manila.
C. Amenities: BGC is known for its world-class amenities, such as shopping malls, recreational facilities, and entertainment venues. When buying a condo in BGC, look for a property that offers convenient access to these amenities. Check if the condo has its own set of amenities, such as a swimming pool, gym, or function room, to enhance your quality of life.
D. Price: The price of the condo is another critical factor to consider when buying a property in BGC. Look for a condo that fits your budget and offers value for money. Consider the down payment, monthly amortization, and other fees associated with buying a condo, such as association dues, taxes, and insurance.
By considering these factors when buying a condo in BGC, you can make an informed decision and choose a property that offers the best value for your investment. Remember to work with a trusted real estate agent and conduct due diligence to ensure that you’re buying a property that meets your needs and expectations.
VI. Sample Condos for Sale in BGC
Here are some sample condos for sale in BGC, along with a detailed description of each unit, the amenities included, pricing information, and a comparison of each condo unit:
A. Trion Towers – Studio Unit
The Trion Towers is a high-rise condominium complex located in the heart of BGC. This studio unit features a combined living/sleeping area, a kitchenette, and a bathroom. It has a floor area of 37 sqm and is located on the 10th floor. Amenities included in the Trion Towers are a fitness center, swimming pool, function rooms, and a play area for children. The price of this studio unit is PHP 7.5 million.
B. Park West – One-Bedroom Unit
Park West is a luxury condominium complex located in the upscale neighborhood of Grand Central Park. This one-bedroom unit features a spacious living area, a separate bedroom, a kitchenette, and a bathroom. It has a floor area of 56 sqm and is located on the 25th floor, offering breathtaking views of the city skyline. Amenities included in Park West are a fitness center, swimming pool, spa, sauna, and function rooms. The price of this one-bedroom unit is PHP 11 million.
C. Uptown Ritz – Two-Bedroom Unit
Uptown Ritz is a luxurious condominium complex located in Uptown Bonifacio. This two-bedroom unit features a living area, two separate bedrooms, a kitchen, and two bathrooms. It has a floor area of 78 sqm and is located on the 12th floor, offering a beautiful view of the city skyline. Amenities included in Uptown Ritz are a fitness center, swimming pool, function rooms, and a play area for children. The price of this two-bedroom unit is PHP 20 million.
D. The Suites at One Bonifacio High Street – Three-Bedroom Unit
The Suites at One Bonifacio High Street is a luxurious condominium complex located in Bonifacio Global City. This three-bedroom unit features a living area, three separate bedrooms, a kitchen, and three bathrooms. It has a floor area of 156 sqm and is located on the 25th floor, offering a stunning view of the city skyline. Amenities included in The Suites at One Bonifacio High Street are a fitness center, swimming pool, function rooms, and a concierge service. The price of this three-bedroom unit is PHP 58 million.
In conclusion, these are just a few examples of the many condos for sale in BGC. Each unit offers a different floor area, price point, and set of amenities. When choosing a condo in BGC, it’s important to consider your lifestyle, preferences, and budget to ensure that you make an informed decision. Working with a trusted real estate agent can also help you find the right condo that meets your needs and expectations.
VII. Tips for Buying a Condo in BGC
If you’re considering buying a condo in BGC, here are some tips to keep in mind:
A. Determine your budget – Before looking for a condo for sale in BGC, it’s important to determine your budget. Knowing your budget can help you narrow down your search and avoid looking at units that are out of your price range.
B. Check the reputation of the developer – The reputation of the developer is an important factor to consider when buying a condo. You want to make sure that the developer has a good track record and is known for delivering quality projects.
C. Conduct a site visit – It’s important to visit the actual site of the condo before making a decision. This will give you a chance to see the location, amenities, and surrounding area in person.
D. Check the amenities – When buying a condo, it’s important to check the amenities that come with the unit. Look for amenities that fit your lifestyle and needs, such as a gym, pool, or play area for children.
E. Secure financing – If you’re planning to finance your condo purchase, it’s important to secure financing before making an offer. This will give you a clear idea of how much you can afford and can help streamline the buying process.
By following these tips, you can make an informed decision when buying a condo in BGC that fits your budget and lifestyle.
VIII. Conclusion
In conclusion, BGC is a desirable location to live in because of its accessibility, world-class amenities, and vibrant community. Buying a condo in BGC offers several benefits, such as reduced commute time, increased property value, and high rental demand.
When considering buying a condo in BGC, it’s important to keep in mind the developer’s reputation, location, amenities, and price. By following the tips provided in this blog, you can make an informed decision that fits your budget and lifestyle.
We encourage you to explore BGC as a potential location for your next home or investment property. With its growing community and bustling cityscape, BGC is a great place to live, work, and play.
FAQs
Q: What is BGC?
A: BGC stands for Bonifacio Global City, a modern business and residential district in Taguig, Metro Manila, Philippines.
Q: What are the benefits of buying a condo in BGC?
A: BGC offers a convenient and luxurious lifestyle, with easy access to top-notch amenities, such as shopping malls, restaurants, parks, and entertainment centers. It also has a booming business district that provides numerous job opportunities.
Q: What types of condos are available in BGC?
A: There are various types of condos for sale in BGC, such as studio units, 1-3 bedroom units, loft units, and penthouses. Some units also come fully furnished and equipped with modern appliances.
Q: How much does a condo in BGC cost?
A: The cost of a condo in BGC varies depending on its location, size, and amenities. Generally, prices range from PHP 4 million to PHP 50 million or more.
Q: Are there any financing options available for purchasing a condo in BGC?
A: Yes, most developers offer flexible payment terms and financing options, such as bank loans and in-house financing, to help buyers afford their dream condo.
Q: What amenities can I expect in a BGC condo?
A: BGC condos offer various amenities, including swimming pools, fitness centers, function rooms, 24/7 security, parking spaces, and high-speed internet connectivity.
Q: Are there any restrictions for owning a condo in BGC?
A: Foreigners are allowed to purchase condos in BGC, but there are restrictions on land ownership. Non-Filipino citizens are not allowed to own land, but they can own up to 40% of a condominium development.
Q: How can I find a reliable real estate agent for buying a condo in BGC?
A: You can search for licensed real estate agents online or get referrals from friends and family. Make sure to check their credentials and experience before choosing one.
Q: Can I rent out my BGC condo?
A: Yes, you can rent out your condo in BGC, but you need to comply with the property management’s rules and regulations. Some condos also have restrictions on short-term rentals, such as Airbnb.
Q: What are the maintenance fees for owning a BGC condo?
A: The maintenance fees or association dues vary depending on the condo’s size and amenities. It covers the expenses for the building’s upkeep, security, and other common areas.
Q: What are the popular condo developments in BGC?
A: Some of the popular condo developments in BGC include One Uptown Residences, One Serendra, Two Serendra, 8 Forbestown Road, The Suites, Beaufort, South of Market, Trion Towers, Icon Residences, Icon Plaza, One McKinley Place, Bellagio 1, 2, & 3, Forbeswood Parklane, Forbeswood Height, The Fort Residences, The Infinity, Arya Residences, The regent Park, Horizon Homes, The Suites, The Pacific Plaza, Fort Victoria, Uptown Parksuites, Avida Varte, Avida Towers, The Seasons, Hyatt Residences, and Essensa East Forbes and many more.
Q: Is it safe to live in BGC?
A: Yes, BGC is known for its high level of security and safety. There are CCTV cameras installed in various locations, and the area has 24/7 security personnel and police presence.
Q: What are the nearby attractions in BGC?
A: BGC is surrounded by various attractions, such as the Bonifacio High Street, Serendra, and Market! Market!, Mind Museum, and the Philippine Army Museum.
Q: Can I customize my BGC condo unit?
A: It depends on the developer’s policy. Some developers allow buyers to customize their units during the pre-selling stage, while others have strict guidelines and limitations.
Q: How long does it take to transfer the title of the BGC condo to the buyer?
A: The transfer of title usually takes 30-60 days from the completion of the payment and submission of the necessary documents. However, the process may vary depending on the developer’s policy and the government’s processing time.
Q: What are the taxes and fees involved in buying a BGC condo?
A: The taxes and fees involved in buying a BGC condo include the transfer tax, documentary stamp tax, registration fee, and other miscellaneous fees. It is advisable to consult with a lawyer or a licensed broker to get a breakdown of the expenses.
Q: What is the difference between pre-selling and ready-for-occupancy (RFO) units in BGC?
A: Pre-selling units are those that are still under construction and may take months or years before they are ready for occupancy. RFO units, on the other hand, are already built and can be occupied right away. Pre-selling units are generally cheaper than RFO units but may require more patience and investment.
Q: How do I book a site visit to a BGC condo development?
A: You can book a site visit to a BGC condo development by contacting the developer’s sales team or a licensed real estate agent. They will assist you in scheduling a viewing and providing more information about the property.
Q: How can I ensure the quality of the BGC condo unit I am buying?
A: To ensure the quality of the condo unit you are buying in BGC, you can conduct a thorough inspection of the property. You can also check the developer’s track record and reputation, read reviews and feedback from previous buyers, and ask for the necessary permits and certifications.
Q: Can I negotiate the price of a BGC condo?
A: Yes, you can negotiate the price of a BGC condo, especially during the pre-selling stage. However, the extent of the negotiation will depend on the developer’s policies and the demand for the property.
Q: What are the payment terms available for buying a BGC condo?
A: The payment terms for buying a BGC condo can vary depending on the developer’s policies. Some developers offer flexible payment terms, such as installment plans, bank loans, or in-house financing.
Q: Can I purchase a BGC condo as an investment?
A: Yes, purchasing a BGC condo as an investment is a viable option, especially if you plan to rent it out or resell it in the future. BGC has a high rental yield and appreciation rate, making it a promising investment opportunity.
Q: How can I be updated with the latest condo developments in BGC?
A: You can be updated with the latest condo developments in BGC by checking online listings, subscribing to newsletters and updates from real estate companies, following developers’ social media accounts, and attending property expos and events.
Q: Can I sell my BGC condo even if it is not fully paid yet?
A: Yes, you can sell your BGC condo even if it is not fully paid yet, as long as the developer allows it and the necessary documents and fees are settled. However, the resale value may be affected by the remaining balance and other factors.
Q: What happens if I miss a payment for my BGC condo?
A: Missing a payment for your BGC condo can result in penalties and interest charges, and may affect your credit score. It is best to communicate with the developer or the financing institution to avoid any further complications.
Q: Can I transfer the ownership of my BGC condo to someone else?
A: Yes, you can transfer the ownership of your BGC condo to someone else, but the necessary documents and fees must be settled. The transfer may also be subject to taxes and other charges.
Q: Is there a homeowners’ association for BGC condo developments?
A: Yes, there is a homeowners’ association for BGC condo developments, which is responsible for managing the common areas and facilities of the building. The association is also responsible for collecting monthly dues from unit owners.
Q: What are the amenities typically offered in BGC condo developments?
A: The amenities offered in BGC condo developments can vary, but they usually include swimming pools, fitness centers, function rooms, play areas, and 24/7 security services. Some high-end developments may also offer concierge services and other luxury amenities.
Q: Are pets allowed in BGC condo developments?
A: It depends on the developer’s policies and the building’s rules and regulations. Some BGC condo developments may allow pets, while others may have restrictions or outright prohibit them.
Q: How do I choose the right BGC condo development for me?
A: To choose the right BGC condo development for you, consider factors such as location, price, amenities, unit size, and developer reputation. You can also seek the advice of a licensed real estate broker or conduct your own research.
Q: What are the advantages of living in a BGC condo?
A: The advantages of living in a BGC condo include its central location, high level of security and safety, proximity to various attractions and amenities, and the potential for rental yield and appreciation. It is also a convenient and comfortable lifestyle choice for urban dwellers.
Q: What are the disadvantages of living in a BGC condo?
A: The disadvantages of living in a BGC condo can include noise pollution from nearby construction and traffic, limited privacy, and higher living costs compared to other areas in the city. It may also not be suitable for those who prefer a more peaceful and laid-back lifestyle.
Q: Can I rent out my BGC condo unit?
A: Yes, you can rent out your BGC condo unit, as long as it is allowed by the developer and the building’s rules and regulations. The rental income can provide additional income and help offset the expenses of owning the property.
Q: Can I use my BGC condo unit as a vacation home?
A: Yes, you can use your BGC condo unit as a vacation home, especially if you prefer to stay in the city for short periods of time. It can also serve as a second home for those who frequently travel to BGC for work or leisure.