Will the New Subway Reshape the Real Estate Market in Metro Manila

How Will the Metro Subway Impact the Property Market in Manila

Location has always been a crucial factor in real estate, especially in Metro Manila market. And that’s because transportation network plays a key role in the value of a location. Properties that are close to major transportation hubs are considered prime estates due to the reduced commute time they offer. Now, what will be the impact of the new Metro Manila subway in the capital’s real estate industry?

What Is the Metro Manila Subway?

The ongoing construction of Metro Manila subway involves a 33.1-kilometer underground railway that features 17 stations from Valenzuela to NAIA. It links major areas of Taguig, Pasig, and Quezon City, making it more convenient to commute around the metro. When it becomes operational, travel time from QC to NAIA will only take around 35 minutes, while it is designed to accommodate up to 1.5 million passengers everyday.
Meanwhile, the impact of this new subway doesn’t only revolve around transportation. The real estate market will also benefit from this major change as businesses, developers, tenants, and buyers will draw interest in buying properties within the area. Apart from the established business districts in the metro, the subway will surely introduce another prime location where properties are more accessible and predictable.

Premium Real Estate in the Making

One of the top location considerations that buyers make nowadays is the proximity to transit hubs. The new subway will be a game-changer as it cuts significant amount of travel time within the metro. Owning a condo, for instance, that is only a few minutes away from a subway station is a great advantage for the working class.
Hence, commercial developments, office buildings, and condominiums near the subway will become a top choice for buyers and investors. Quezon City will be a major beneficiary of this project since connectivity will improve, particularly in Anonas, East Avenue, Tandang Sora, North Avenue, and Quezon Avenue. Apparently, North Avenue may become the largest transit node in Metro Manila.
The much improved connectivity is expected to boost residential, institutional, mixed-use, and commercial developments around the city. While certain areas may already have developed commercial and residential markets, the completion of the subway will fuel redevelopment and a much stronger real estate demand. Even low-density properties that are close to stations may become a prospect for high-density development.

Final Thoughts

The completion of the Manila subway will become an integral part in the redevelopment of the real estate market in the metro. Considering an investment in one of the cities near these stations can be a potential money-maker for home buyers and investors alike. However, if you’re planning to buy a property beyond the capital, you can find excellent alternatives in REALS.PH, including strategically located condominiums in Baguio City that are near transportation hubs. We have a plethora of property listings that you can explore for your next real property investment in the Philippines.