A cursory trip to Metro Manila will reveal a curious phenomenon: the frenetic, unstoppable construction of high-rise residences. From mid-rise to towering structures, helmed by novice developers or established real estate players, they are transforming not only the urban fabric and the skyline but also the way people live, how they interact with each other, and their relationship with the city and its myriad opportunities.
“Metro Manila is a prime mega-city that is ripe and ready for high-rise developments,” says Emma Amores, Corporate Communications Head “With over 15 million people calling the metropolis home, it’s inevitable that there will be scarcity of land on which to build. The fact that that it has the country’s most expensive real estate in square meters makes building and buying a home more challenging.”
No wonder that more and more people are embracing condo living. The 21st century will be marked with condominium projects, just like how subdivisions and villages defined the late 20th century. Though there will still be a segment of the home-buying market that will prefer horizontal developments, signs are pointing toward more and more people preferring to live vertically. Here are some of their compelling reasons: