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The Valeron Tower | April 4, 2024
The Ortigas Center in Pasig City has proven to be an in-demand business district, even with the emergence of new commercial hubs in Metro Manila. Its reputation and strategic location have ensured a steady growth in property values, making it a worthwhile investment.
Ortigas is home to the headquarters of several conglomerates, banks, hotels, and shopping malls and remains to be a business center of choice since its development in the 1960s.
Property prices in Ortigas have consistently risen over the decades, with valuations experiencing a compounded annual growth rate of 8%. Market data shows that condominium prices within the Ortigas Center have climbed from an average of P106,000 per square meter (sq.m.) in 2013 to P229,000/sq.m. as of the end of 2023 for pre-selling units. This rate of increase is competitive with the 9.3% compounded annual growth rate observed in Fort Bonifacio, Taguig, and the 11% average annual rise in property prices within Makati City's central business district.
Ortigas Center's measured growth means acquiring a property there for first-time buyers is more competitive than other CBDs in Metro Manila. Still, investors enjoy the sustained appreciation of property values over time, with the average valuation growth faster than the 7.4% compounded annual growth rate for the rest of the region.
The Valeron Tower, a new residential condominium project by DMCI Homes and Japan's Marubeni Corp., is your gateway to securing an Ortigas address and participating in the CBD's robust growth. The 55-storey development on the corner of C-5 and P.E. Antonio Street in Pasig City is a promising investment opportunity for people looking for a modern but cozy home at the center of all the action or a source of passive income through property rentals.
The mixed-use condominium is within walking distance to Pasig's business and retail hubs like Arcovia City and Bridgetowne, SM Center Pasig, and Tiendesitas, while the main business strip of Ortigas Center is about 10 minutes away. Driving in and out of Pasig is likewise a breeze as the property sits along C-5. The Valeron Tower is also accessible to commuters through road transport and will connect to the rest of Metro Manila via the Metro Rail Transit Line 4 and the Metro Manila Subway, both under construction.
The Valeron Tower will further enrich the Ortigas CBD as it allots commercial spaces for new businesses to expand in the area while also providing convenience to future residents. The Valeron Tower is set to introduce more options for shops and restaurants, contributing to further appreciation of property prices and enhancing the neighborhood.
Additionally, investing in a unit at The Valeron Tower allows you to actively engage in the burgeoning development of the C-5 Ortigas corridor, emerging as one of Metro Manila's promising activity hubs. Think of it as akin to investing in the early stages of BGC or Makati – a journey into expansion and potential.
The Valeron Tower is a joint venture of DMCI Homes and Marubeni Corporation. To learn more about the project, please call DMCI Homes at (632) 5324-8888/0917 880 8800 or reach Marubeni Corporation through their website (https://www.marubeniphil.com/).
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