BGC

ABOUT BGC

Bonifacio Global City is a true child of the 21st century – a modern wonder of contemporary living populated by great minds and passionate hearts. From tidy roads and contemporary office blocks to storied high streets and playful parks, the city is the perfect marriage of form and function.
An environment that nurtures your passion to live, work and play. But more than a remarkable confluence of architecture, accessibility, and activity BGC is a triumph of the human spirit and great ideas.

The charm and multicultural allure of the city is a reflection of its people – residents and visitors alike who value quality living and embrace forward thinking as key to a better life. It’s in this spirit of transformative love and vision that we welcome you to explore this incredible urban oasis.

LOCATION

It is located 11 km (6.8 mi) south-east of the center of Manila in Taguig.

TRANSPORTATION AND ACCESSIBILITY

Jeepney and FX Terminals at Market! Market!

For a city with a residential population of over 40,000 and jobs for a similar number of people, who mostly live outside of BGC, the management of BGC provides only one transport terminal, the transport terminal at Market! Market! Mall on the east side of BGC.

BGC Bus

BGC Bus has the monopoly on bus service within BGC. Since jeepneys are not allowed to ply within BGC, commuters rely on the BGC Bus company to get to most places inside BGC.  First-time riders need to know that tickets are not sold on board a BGC Bus. You have to either have a tap card (sold in some terminals), or buy tickets at a cashier counter at terminals at Ayala or Market! Market! Many BGC buses are environmentally friendly.

FX Terminal at McKinley Hill

Aside from jeepneys and CityLink buses, commuters now have an additional transportation option on this side of BGC. There are now FX passenger vans (UV Express Service) that travel from McKinley Hill to different cities of Metro Manila and vice versa. The terminal is situated at the open parking space beside McKinley Hill Stadium (formerly Emperador Stadium). This will hopefully make commuters’ lives easier.

DEVELOPMENTS

BONIFACIO HIGH STREET

The Bonifacio High Street forms the physical core of the Bonifacio Global City and is essentially designed as a three-by-three matrix of high-tech offices and residential buildings, retail outlets and pedestrian-friendly roads and walkways. The grid approach ensures a city center that is easy to navigate. The 5th and 11th Avenues and 32nd and 26th Streets serve as the boundaries of the city center.

The Retail Promenade which encompasses the 29th Street is characterized by landscaped areas. Its design concept is centered on an east-west central access with business establishments and activity pods. It offers retail at the ground level and offices at the second floor. The City Square Blocks feature landscaped areas and parks.

NORTH BONIFACIO

The P20-billion tower was estimated to start construction by late 2008, by Federal Land, Inc. (led by its president Alfred Ty), on a 27-hectare North Bonifacio district lot (jointly owned by the Metrobank Group of Companies and the Bases Conversion Development Authority). The tower is the 65-storey Grand Hyatt Manila which currently is one of the tallest skyscrapers in Metro Manila, beside that is the Grand Hyatt Manila Residences.

FORBES TOWN CENTER

The Forbes Town Center is Megaworld’s 5-hectare township community, where 8 Forbestown Road, Forbeswood Heights, Forbeswood Parklane and Bellagio condominiums are. It has a combination of low density residential development, shopping strip, dining outlets, and other service facilities.

UPTOWN BONIFACIO

Uptown Bonifacio is a new 15-hectare property located in the northern district of Fort Bonifacio. Megaworld Corporation plans to build new residential condominiums and mixed-use business and commercial developments in the area that cater to upper to middle class markets. The area is near the zone where the British, Japanese, and American international schools, and other local schools are located.

MCKINLEY HILL

Among Megaworld’s development projects in Metro Manila, the 50-hectare McKinley Hill is by far the biggest. Situated in Barangay Pinagsama in Taguig. McKinley Hill has over 4,713 condominium units in 34 residential condominium buildings, 482 residential lots, and close to 300,000 square meters of office space spread across 17 offices.

There are three international schools, which are the Chinese International School Manila, the first English-Mandarin bilingual school in the country; the management school Enderun Colleges, which is partnered with Les Roches International School of Hotel Management in Switzerland, Alain Ducasse Education in France and Thunderbird School of Global Management in the United States; and the Korean International School Philippines, the first in the country.

MCKINLEY WEST

McKinley West is a 34.5-hectare township by Megaworld.

HERITAGE PARK

Heritage Park was developed by BCDA. It is a 76-hectare high-value, multi-use memorial park designed with landmarks and equipped with interment services, crematory and other facilities situated in Barangay Pinagsama. The park opened in the first quarter of 2001. Heritage Park is located along Bayani Road. It is between Libingan ng mga Bayani and The Manila American Cemetery and Memorial.

RENTAL VALUES

Around 640-1,030 per sq.m. depending on the furnishings and development.

APPRECIATION

Capital values rise in Q4 2016; trend likely to continue

Capital values for Makati CBD residential properties rose by 2.3% to PHP180,300 (USD3,700) per sq m from PHP176,200 (USD3,600) per sq m in Q3 2016. Fort Bonifacio prices increased by 2.2% to PHP163,200 (USD3,300) per sq m per month. Prices in Rockwell also increased to PHP197,400 (USD4,000) per sq m per month by 1.1% compared to average prices in the previous quarter.

Given the high sales volume in the pre-selling market, Colliers sees condominium prices rising further over the next twelve months. This results in lower residential yields for projects across major CBDs. We see Makati CBD prices increasing by about 14% in the next twelve months while Fort Bonifacio and Rockwell prices will grow by about 8% to 10%.


SOURCES:

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