Parañaque City

Fast Facts

Total land area: 46.57 km.

Districts: 1 and 2. District 1 consists of Baclaran, Tambo, Don Galo, Santo Niño, La Huerta, San Dionisio, San Isidro, and Vitalez. District 2 consists of BF Homes, San Antonio, Marcelo Green, Sun Valley, Don Bosco, Moonwalk, Merville, and San Martin de Porres.

Total population (as of May 1, 2020): 689,992

Location: 19.1 kilometers south of Manila. It is bordered by Pasay City (north), Taguig City (northeast), Muntinlupa City (southeast), Las Piñas City (southwest), and Manila Bay (west).

The story behind the city

There are various stories about the city’s etymology from Palanyag to Parañaque. One story told about how the name originated from "Para Aniya Ake", a coachman’s misheard phrase when the Spanish soldiers in a carriage repeatedly exclaimed "¡Para aquí!" ("Stop here!"). Over time, the phrase stuck and thus led to the city’s name today.

During pre-colonial times, Parañaque City was known as the trade hub where people traded goods like salt, shoes, slippers, and weavings with the Chinese, Indonesians, Indians, and Malayans. When Fray Diego de Espiñar of the Order of Saint Augustine officially founded the city in 1580, Parañaque, which was then known as the village of Palanyag, became an independent pueblo along with other towns in various islands such as Malolos in Bulacan, Bulacabe in Panay, and Bantayan in Cebu.

The city also held significant historical relevance during various periods of Philippine history. It became one of the Spaniards' and Filipinos’ battle zones because of its proximity to Cavite, the bastion of the Katipuneros.

In addition, Parañaque City played a crucial role during the Japanese occupation by providing leadership to guerrilla movements like the Hunters ROTC and supplying essential resources, including food and arms. It also held historical significance as it gradually recovered from the battle of Manila in 1945.

Throughout its history, one thing remains true about the Parañaque City: it still is one of the major trade and commercial hubs in the metro. The city offers diverse opportunities for businesses and individuals of all nationalities.

The entertainment city of the South

Parañaque City caters to tourists and locals alike who aim to explore the activities and venues that the metro has to offer. In particular, this city focuses on providing avenues where people can play and unwind.

Parañaque City is home to the Entertainment City Manila (also known as Bagong Nayong Pilipino Entertainment City). This Las Vegas-like gaming and entertainment complex consists of three integrated resorts, namely the following:

1. City of Dreams Manila
2. Solaire Manila
3. Newport World Manila (then known as Resorts World Manila)

Because of these integrated resorts, Parañaque City earned the title of “Entertainment City of the South.”This shows that Parañaque City is a top spot for tourists and gaming enthusiasts because of these resorts.

Blooming center for commerce

Parañaque City is rapidly becoming a bustling hub for businesses. Two key players in city's commercial scene are Aseana Business Park and Madrigal Business Park.

Aseana Business Park is a large area with offices, homes, and entertainment options. It's a next-gen city with modern buildings and plans for a new transportation system. Madrigal Business Park, on the other hand, is near SLEX and offers a range of businesses and residential spaces. Both business parks make it convenient for people to live, work, and enjoy various activities.

The city's proximity to major roads as well as airports makes it easily accessible, thus adding to its overall value. As a result, investments in land are now more profitable, leading to higher tax collections that fund city development.

This growth is evident in the significant increase in property prices, especially in areas like Alpine Street, where prices jumped from ₱15,000 to ₱64,000 per square meter between 2018 and 2022.

This also created an increase in zonal values all over the city. In 2018 alone, commercial spaces like Aseana Business Park, J.W. Diokno, and Roxas Boulevard were at ₱175,000 to ₱180,000 per square meter. On the other hand, residential areas like Aguirre, BF Homes, and El Grande Avenue in 2018 were at ₱20,000 to ₱25,000 per square meter. Imagine how much their values are today.

Drive-by Taco Shop, sourced from presello.com

Yet, Parañaque City's development isn't just about money; it's also about creating unique experiences. Places like Baclaran offer historical sites. On the other end, BF Homes became known as the “Food Capital of the South” because of its diverse food experiences. The city is also investing in better transportation options, like modernized jeepneys and a new train station, making it easier for people to travel around.

A prime spot for employment opportunities

The varied businesses in Parañaque City have created a diverse job market. The city offers employment opportunities in sectors ranging from the hotel and leisure industry to the food and beverage sector.

Image by Marvin Meyer (sourced from Unsplash)

For instance, the Aseana Business Park (Aseana City) has emerged as a focal point for outsourcing companies, gaming firms, and tech enterprises due to its mixed-use nature. The park's growth is a testament to Parañaque City's potential as a prime employment destination, attracting professionals from neighboring areas and nurturing a thriving job market.

These industries thrive alongside other businesses in Parañaque City, like popular and local restaurants. The presence of such diverse career options not only enhances the city's economic landscape but also provides individuals with a wealth of choices. Collectively, they generate numerous employment prospects that meet the city's growing workforce needs.

Creating communities for individuals and starting families

Parañaque City provides a nurturing environment for families and individuals seeking a fulfilling life without the usual hustle and bustle of business districts.

In Parañaque City, families find an ideal home amidst a vibrant community. Real estate developers like DMCI Homes offer condominiums for everyone.

Asteria Residences, photo sourced from Google Maps (taken by Horhe Flores)

Asteria Residences caters specifically to young professionals and families, offering secure living spaces with easy access to various amenities. This medium-rise condominium is designed for young professionals and families. This development ensures secured and accessible living spaces aligned with the dynamic lifestyle of the citizens.

Photo sourced from Google Maps (taken by Vince Soriquez)

Arista Place is a resort-like oasis within the city, providing relaxation amid the urban buzz. With its Asian Tropical theme and family-friendly amenities, Arista Place ensures a peaceful atmosphere where families can truly feel at home.

Photo sourced from Google Maps (taken by Norie I)

For those seeking luxurious living, Oak Harbor Residences presents unmatched waterfront views. Residents experience a modern lifestyle in this upscale setting as it places them right in the city's business and entertainment hub.

Parañaque City not only provides exceptional housing options but also boasts walkable connectivity. The city ensures easy access to essential facilities such as educational institutions, health centers, malls, and hospitals. Additionally, Parañaque City offers a rich array of family-friendly activities, emphasizing the city's dedication to fostering strong family bonds and a sense of belonging within its communities.

These efforts make Parañaque City an ideal destination for individuals and families looking for a supportive and enriching environment where they can thrive.

An investment for your future

Parañaque City stands as a strategic asset to invest in. It offers a unique blend of rich historical heritage, strategic geographical location, and a vibrant economic landscape.

As the city continues to evolve, both local and international investors are presented with a lot of opportunities. The city's path toward a prosperous future is not just a possibility but a reality, making Parañaque City the best choice for businesses, families, and individuals to establish roots and grow.

Why invest in Parañaque City? 

Investing in the city is the next best thing to do due to its growth potential. Parañaque City has become a hub for various business ventures, offering a thriving environment for investors to tap into a burgeoning market. 

Parañaque City's real estate boom can be explained by a few key reasons. 

Near the Airport 

NAIA Terminal 3, sourced from inquirer.net

Parañaque City's proximity to the Ninoy Aquino International Airport (NAIA) is a major advantage. This not only enhances convenience for frequent travelers but also makes it a preferred location for professionals in the aviation industry.

Center of Entertainment Establishments 

Okada Manila, sourced from agoda.com

Parañaque City is at the heart of the entertainment scene in Metro Manila. With establishments like Okada Manila, a luxurious entertainment and hospitality complex, the city offers a vibrant lifestyle for residents and visitors alike.

Affordable and safe residential spaces

BF Parañaque entrance last 2022, sourced from autoindustriya.com

Despite its growing appeal, real estate in Parañaque City remains relatively affordable compared to cities like Makati and BGC. There are a lot of gated communities in the area as well, ensuring security. This affordability and security are key factors attracting middle-class and upscale families.

Proximity to Various Establishments 

Rue Bourbon BF Homes, sourced from https://rue.com.ph

Parañaque City offers easy access to schools, hospitals, shopping malls, and dining options. Its proximity to various amenities and services ensures a comfortable and convenient lifestyle for residents.

Gateway to Weekend Destinations 

Tagaytay Picnic Grove, sourced from Wikimedia

The city's strategic location allows for quick getaways to weekend destinations, whether it's the nearby beaches or scenic spots. Parañaque City is an ideal base for those who love to explore.

Modern yet Quiet Location 

Aguirre Avenue in BF Homes, sourced from Wikimedia

Parañaque City strikes a unique balance between serenity and urban vibrancy. While it offers the tranquility of suburban living, it is well-equipped with modern infrastructure and amenities.

These factors lead to the increased demand for a spot in the city. Hence, it is a good idea to make a home in Parañaque City and explore and experience what it offers. 

Thriving residential life at DMCI Homes

DMCI Homes, a trusted developer, has made its mark in Parañaque City with several noteworthy projects catering to middle-class and upscale families. The AAAA-Licensed developer has a proven track record of crafting meticulously planned, resort-inspired, functional residential spaces.

By blending modern architectural designs with thoughtful amenities, DMCI Homes has redefined urban living in Parañaque City. It continuously transforms the cityscape by setting a new standard of comfortable and convenient lifestyle. 

Check out these established DMCI Homes communities in Parañaque City; each stands as a testament to innovation as it redefines modern living in bustling Metro Manila.

Arista Place

Arista Place features 11 mid-rise buildings with an elegant Asian tropical theme that exemplifies DMCI Homes' dedication to crafting a resort-inspired atmosphere. This commitment ensures tenants experience a vacation-like ambiance within the heart of the city. 

This condominium development not only offers security but also a vibrant community atmosphere. This is thanks to over 1-hectare of meticulously planned amenities encouraging various social and recreational activities.

Asteria Residences

Asteria Residences is designed for starting families and accomplished young professionals. With its Asian contemporary architecture, this medium-rise condominium complex provides a secure living space and grants residents easy access to nearby establishments and attractions. It perfectly complements the dynamic lifestyle emerging in the southern part of Metro Manila.

Calathea Place

Calathea Place embodies its modern tropical architectural theme. Its design projects a blissful ambiance amid the city. Calathea Place is a haven where residents can enjoy life’s simple pleasures. 

Oak Harbor Residences

Oak Harbor Residences is the first exclusive waterfront community in Bay City. It is also the first development under DMCI Homes’ exclusive brand that focuses on creating high-end developments for society’s upper class. As the area undergoes significant developments, Oak Harbor Residences promises a lifestyle of indulgence and convenience.

Palm Grove

Palm Grove is a mid-rise development nestled within the Better Living Subdivision. Being situated in Parañaque's prime residential area, Palm Grove is a demonstration of DMCI Homes' dedication to providing comfortable, stylish, and enduring residences for its homeowners.

Raya Garden Condominiums

Raya Garden Condominiums takes inspiration from a Balinese-inspired resort-living environment. Its strategic location along the North and Sound-bound West service road ensures convenient access to key establishments in the city while allowing residents to go come home to serenity after a busy day.

Siena Park Residences

Siena Park Residences offers a tropical vibe through its verdant landscapes and soothing water features. With 11 medium-rise buildings, a clubhouse, and other amenities, this community caters to more families, retirees, and professionals alike. 

A sense of belonging

At the heart of DMCI Homes' success in Parañaque City is its commitment to sustainability, community building, and excellence. Each development exemplifies top-notch quality while fostering a sense of community and belonging. Residents not only find homes for themselves, but also a vibrant community where friendships are forged, families thrive, and memories are made.

Parañaque City has emerged from its slumber to become a real estate hotspot in Metro Manila, offering a range of investment opportunities. With rising land values, a burgeoning business environment, and a diverse community that includes expatriates and foreigners, Parañaque City promises a dynamic real estate market. 

Whether you're looking for a convenient residence near the airport, a thriving entertainment scene, or a promising value-for-money investment, This city has it all. In Parañaque City, DMCI Homes has not only built residences but has also nurtured an unparalleled sense of community, making it a developer of choice for those seeking not just a home but a better lifestyle.