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Manila is visited by millions of international tourists each year and it is ranked as one of the best shopping destinations in Asia thanks to its numerous shopping centers. From luxurious shopping malls to traditional markets such as bazaars, visitors can indulge themselves in some serious shopping. The city also boasts numerous UNESCO World Heritage Site, such as the San Agustin Church. Also, the museums in the city are well worth visiting. The most popular museums are the
National Museum of Fine Arts, the National Museum of Anthropology, and the Metropolitan Museum of Manila.
Manila is not only a popular tourist destination, but it is also the commercial and business center of the Philippines. Countless numbers of Filipinos from other parts of the country, as well as expatriates are moving to the city for its career opportunities and higher quality of life. With thousands of people relocating to the city, the demand for apartments for rent has increased which has resulted in the building of apartment structures to accommodate Manila’s ever-growing number of residents.
Apartments in Manila are available in different styles and types. There are traditional apartments and modern apartments. Traditional apartments are usually smaller and have a Spanish-inspired style. They tend to have fewer units and fewer amenities, which has made them a lot more affordable and suitable for those looking for inexpensive accommodation. These apartments can cost as low as ₱5,000 a month. Modern apartments are usually located inside the business areas.
They may have exclusive amenities, such as gardens, pools, clubhouses, and larger parking spaces. Some of the modern apartments can also have 24-hour security and offer a resort-styled lifestyle. Modern serviced apartments are usually a lot more expensive than traditional apartments.
For people who live alone or for couples, studio apartments and one-bedroom apartments are the best choice and there are plenty of them in Manila. A Studio apartment with 20 m2 floor area usually starts from ₱6,000 a month, but larger studio apartments can be as high as ₱150,000 a month. For families, apartments with two or more rooms are also available and they can start from around ₱10,000 a month. For those looking for a more affordable alternative, furnished sharing units can be an option. These apartments usually come with bunk-beds and can accommodate 2 to 6 people in a room. However, these apartments do not provide a lot of privacy and personal space.
Besides the apartment size and amenities that they offer, in general, the monthly rent of an apartment depends on the location and neighborhood. Apartment in fancier areas come at higher prices.
Location is one of the most important determining factors before renting an apartment. Some people are looking for an apartment that is closer to their workplace; others may be looking for an quieter area so they can rest peacefully. The following are some of the more popular districts in Manila.
Manila offers a higher standard of living at affordable rates. There are numerous restaurants and street food vendors. For those on a tight budget, the street foods in the city taste excellent and come at a very reasonable price. The best place to try street food is Quiapo Market. It sells everything from mami, fresh lumpia, to tusok-tusok. All kinds of products are also available in the city as the supermarkets are filled with both local and imported goods. Manila has a thriving nightlife Bars and clubs are plentiful. The bars offer good drinks for reasonable prices and some clubs will have international DJs. People can also hang out with their friends in one of the city’s cafés, which offer delicious coffee, comfortable atmosphere, and good food. Some cafés also offer free Wi-Fi which allows you to work remotely.
Manila is known to have some of the worst traffic congestion in the world. Thankfully, the city also offers other transportation alternatives for those who want to avoid the traffic. The most popular public transportation option is the LRT and MRT, which can be crowded in rush hour but still provide faster transport than other transportation modes in the city. One thing to note is that the Philippines is known to have one of the highest cost of electricity in Asia and keep in mind that some apartments do not include utility costs in the rent. Utility costs for one month, which would include Electricity, Water, Gas and Heating for 1 person in a 480 Square foot studio would be about Php2,710.
1. Cost of Living: Although it depends on your lifestyle, Manila generally offers a more affordable cost of living compared to other South Asia’s capital cities such as Bangkok and Jakarta.
2. Connectivity: Manila is the main gateway to the Philippines and its international airport serves flights to and from many cities in the world, which makes the city very easy to access.
3. A Fast-Growing Economy: The Philippines is one of the fastest-growing economies in Asia. In 2018, the country’s GDP reached its all-time high at 330.91 USD and the economic growth is predicted to be at 6% in 2019.