PROPERTY in Ayala Center—the commercial core of the Makati Central Business District—commands the most expensive condo rent per square meter than any area in Metro Manila.
Data from property-listing company Lamudi Philippines showed that renting a condo in Makati’s business district can set a renter back anywhere between P1,144 and P568 per sq m per month.
Hence, living in a 100-sq-m condo in the area—which is within striking distance of Greenbelt, Glorietta and most of Makati’s luxury hotels—will cost a renter as high as P110,000 per month.
Meanwhile, a lawmaker is pushing for a measure requiring all condominium developers to allot no less than a quarter of their total project area where local plants and trees are planted.
House Bill 5963, or the proposed Green Spaces Act of 2015, authored by Nationalist People’s Coalition Rep. Scott Davies S. Lanete of Masbate, seeks to establish efficient and environment-friendly buildings by providing green spaces in all condominium projects.
The bill seeks to amend Republic Act 4726, or the Condominium Act.
Lorenz Marasigan & Jovee Marie N. dela Cruz