The Rise Makati Outlines
Shangri-La’s high-cost property in a large metropolitan centeru003cbru003e
|Property information in 1 minute|
|Property Name||The Rise Makati|
|Assumed Rent||Studio type 35,000pesos~|
|Number of Floors||63 floors|
Location of The Rise Makati
Address:7248 Malugay, Street, Makati, 1203 Kalakhang Maynila, Philippines
Area Info:Located about 10 minutes walking distance from the central part of Makati, and in good proximity to the huge shopping mall district such as Greenbelt, business district, and drinking district Poblachon.
Surroundings:The property is a 6-minute walk from the Japanese supermarket “New Hatchin” and a 7-minute walk from the Makati Medical Center, one of the largest general hospitals in Japan with permanent Japanese staff. The area is also a comfortable place to live for Japanese people. It takes only 15 minutes to Little Tokyo, a Japanese town with many Japanese restaurants, izakayas, and JTV (Japanese style karaoke).
There are a lot of international supermarkets and local markets. I defenitely recommend The Rise Makati to people who love cooking.
The Rise Makati Amenities
24-hour manned management, lobby, swimming pool, gym, sauna, kids room, billiards, karaoke, library, meeting rooms, elevators (18 units), restaurant, cafe (in the same shopping mall), basketball games
The main lobby is rather busy with many users even on weekday mornings. It features unique common facilities such as billiards and karaoke.
The Rise Makati’s special features
- Direct access to shopping mall: There is a shopping mall called Assembly Grounds in the same building where you can go to cafes, bakeries, Daiso, etc. It is also connected to another mall called SM Mall.
- Youthfulness of residents: Compared to neighboring condominiums, many residents seem to be in their 20s and 30s.
- Value-added design: Shangri-La Properties has created a “designer” interior with a playful touch in many places.
Whether the design looks current is quite important for investment, and given that the average age of Filipinos is 26 years old and many of them are young, and given that most overseas investors who buy Philippine real estate are Chinese (many of whom like to show off), it will have a significant impact on future value appreciation.
The Rise Makati Reviews
The Rise Makati is undervalued and recommended for beginners in Philippine real estate.u003cbru003e
The abundance of the surrounding environment makes this property the best for Japanese residents. It is especially recommended for first-time visitors to the Philippines, family expatriates, and those who are not confident in their language skills.
Capgain (gain on sale): as of October 2022, the price has not risen spectacularly from the price of new construction. Considering the developer is Shang Properties, the quality and design of the property, and its location, it is undervalued. Compared to other condominiums developed by the same developer, it can be said that the property is undervalued. Not a bad property for short to medium term holding (1-3 years).
Income Gain (Rental Income): With estimated rent starting from 35,000 pesos, the rent is within the reach of the middle and upper class in the area, so it is easy to rent the property and aim for an income gain.
The Rise Makati is well balanced in terms of property price and brand strength, making it a good choice for first-time buyers of Philippine real estate.