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If you ask any real estate agent, they will assure you that BGC is still one of the most demanded and fastest growing areas in Metro Manila. Due to the proximity to the new company addresses of many more popular employers, the demand for residential options is very strong. From the upper-middle level to the triple-A market, BGC residential units are the dream address that people yearn for.

As one of the country's leading real estate developers, Federal Land can proudly claim that for 48 years, it has established an enviable track record in providing high-quality development projects and building vibrant communities in prime locations and major cities. Therefore, it is not surprising to find that within the BGC, there are many federal land attributes that meet the recognition of any discerning and insightful eye. 

In fact, in the Ready to Occupancy (RFO) section of the market, federal land can provide a choice between Central Park West and Park West. For professionals and families, these RFO products have proved very popular because they allow mobility and instant gratification.

As a trusted developer, the functions, advantages and conveniences of these federal land property guarantee projects will pass the strict standards and budget considerations of these niche home buyers. 

Before we discuss these two developments in detail, let us first understand how these RFO units have been steadily popularized in the field of market investment over the years. In contrast to pre-sale units, these RFOs are tangible assets that you can acquire in two ways-first, through rent that can provide you with additional monthly income, and second, through capital gains, such as the price of these apartments over time Have seen and appreciated. But be careful, this is not on the basis of continuous upgrading, people should also know when to let go and reinvest.

According to data from Colliers Philippines, by the end of 2020, 14,879 of the remaining 42,521 apartments in Metro Manila will be classified as RFOs. Therefore, when choosing an RFO, whether as a passive investor or as an end user, please make sure that it is strategically located, close to basic institutions and services. It is a well-built structure that offers a variety of options. In addition to being your ideal home, it must not only stand the test of time, but also become the ideal home of others. In the long run, when you upgrade or relocate, as the person who rents out the unit, the investment will still bring you a return. 

Here are a few wise choices. Let us remember that despite the pandemic, the Philippine real estate market has managed to remain resilient. The Global Real Estate Guide reports that despite the challenges of the pandemic, the estimated rental yield of 120 square meters of residential space in Metro Manila is 23.5 million pesos, and the monthly rent is 120,000 pesos, stabilizing at 6.13%. 

Therefore, we see that under the COVID situation, the demand for high-end and luxury apartments has been relatively stable. They have shown resilience in the past financial crises and show signs of immediate recovery after any period of economic slowdown. In fact, in the past two years, the high-end and luxury segments accounted for 39% of total pre-sales in Metro Manila, second only to the middle-income segment, which accounted for 44% of total demand. 

Federal Land's Park West is a residential apartment located on 36th Street at the corner of 7th Avenue. In Park West, you will find one-bedroom, two-bedroom and three-bedroom apartment units, an elegant lobby and a three-story retail store. It also has an elevated link bridge that connects it to the Grand Hyatt Manila and the shops of Grand Central Park.

Central Park West in Federal Land is located at the corner of 7th Avenue and 36th Street. It has 32 floors, divided into garden units, administrative floors, suite floors, diplomatic floors, and loft floors. From one to three bedroom units, the building overlooks the Big Apple Park and is inspired by the Manhattan lifestyle. It is part of the Veritown Fort brand. Buying an RFO unit here will give you access to the sixth floor, where facilities abound. These facilities include grid lounge areas, lawn/picnic areas, jogging paths, Tai Chi areas, reflexology paths, tennis and badminton courts, plunge pools and children’s pools, gyms and yoga rooms, a day care center and business center. In short, this is the perfect address for a family, with strong educational institutions nearby (when the sports school resumes). 

Just across the street, you will find West Park on Federal Land, which is part of the Hyatt community. There is actually a viaduct connecting bridge leading to the Grand Hyatt Hotel. In Park West, you will usually find one- and two-bedroom units, which have 35 floors. There is an elegant lobby area and a two-story retail store. Park West’s facilities include a library/reading room, Tiara Room for events, gymnasium, games room and foot massage trails, as well as an infinity pool and a children’s pool. The outdoor garden has a jogging path and an outdoor garden area. Proximity to shopping, dining and entertainment is part of the Park West lifestyle. These two well-appointed properties form part of a master planned community called Grand Central Park on Federal Land. This is one of BGC's most forward-looking master plans-the podium shopping mall will house the country's first Mitsukoshi department store. This is really exciting news, because any visitor to Japan will praise Mitsukoshi, especially their food hall.

With Grand Central Park, you have a comprehensive community modeled after the better part of Manhattan, New York City. Once this vision is realized, it will become one of BGC's most desirable "pockets".

If any of the above arouses your interest, please go to the Central Park West website or email [email protected] for more information.

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