Metro Manila has always been a hot spot for condominiums nestled in urban cities and high-rise buildings. However, one city is slowly growing to be a preferred residential hub in the metropolitan area: Parañaque.
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The dynamic urban city located in the southern part of Metro Manila is also preferred by young professionals looking for a place to call home. That’s because securing a condo for rent in Parañaque ensures that you’re close to the Ninoy Aquino International Airport (NAIA) and other business hubs like Makati and Bonifacio Global City (BGC). The proximity is great for those who want to avoid the long commutes or drives caused by heavy traffic.
And unlike Makati and BGC, Parañaque is slightly more affordable, which makes it an ideal place to live in for individuals who are just starting out their professional careers. That’s not to say that the city falls behind in amenities and convenience because it’s close to popular locations like BF Homes and Sucat where trendy cafes, restaurants, and attractions reside. If you’re a foodie, Parañaque has a vibrant street food scene that you can explore after a tiring day at work.
House-hunting can be overwhelming and scary especially for young professionals. You’d want to make sure you’ve considered all your options before deciding on where to live. Parañaque is a wonderful place to start to look for condo rentals. To help you with the decision process, this DMCI Homes article has compiled everything you need to know about the newest emerging urban residential hub.
Why young professionals should rent a condo in Parañaque
It’s a given to research all the best locations for buying or renting a condo unit before making that huge investment. Typically, you check if the area has convenient transportation options, close to necessary services like grocery stores, or suitable for your lifestyle.
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Getting a Parañaque condo provides these conveniences and more. Take a look at why it’s preferred by a lot of young professionals:
Proximity to key business areas
Most young professionals are likely to get their first corporate jobs at any of the two major business districts in Metro Manila: Makati City and Bonifacio Global City or BGC. The metro is known for its heavy traffic and commuters typically spend hours commuting. If you live in Parañaque city, you’ll be around 30 minutes away from Makati and BGC by bus, and 14 to 17 minutes away by car.
Convenient transportation options
If you’re still saving up for a car or would rather take public transportation, you’d be relieved to know that the area is accessible via LRT, MRT, buses, and PUVs. The LRT-1 Cavite extension is scheduled for completion in late 2024, which will cut the journey between Baclaraan and Bacoor from 70 minutes to 25 minutes.
Lifestyle and amenities
Although Parañaque started as a fishing community, it has slowly and steadily grown into a thriving urban area. There’s no shortage of places to go for shopping with Baclaran’s bustling markets and more upscale malls like SM City BF Parañaque and Ayala Malls Manila Bay. You won’t have difficulty finding gyms, salons, restaurants, and other recreational facilities in this city as well.
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In Parañaque, you’ll also get to see the Entertainment City or E-City, which houses world-class casinos, luxury hotels, and high-end shopping centers along the bay area. If you want to get away from the concrete jungle, Parañaque has a variety of green spaces like the Parañaque Eco Park and Andrews Park where you can connect with nature.
Work-life balance
Since Parañaque is a perfect blend of modern urban life and tradition, it has a balanced mix of spaces for remote work and wellness and leisure spots. When you’re feeling cooped up at home, you can spend a work day at a co-working facility then treat yourself to a spa day at a nearby wellness center after.
A look at the condo rental market in Parañaque
After looking at the reasons as to why this city is one of the top cities for condo living in the Philippines, your next step should be to understand the condo rental market in Parañaque. This way, you can prepare your finances better and transition smoother to your next home.
The cost of living in Parañaque is significantly more affordable than its neighboring cities, Makati, Taguig, and Manila. A condominium for rent in this city costs around Php 20,000 to Php 65,000 per month depending on the unit, amenities, and location. Units near the Entertainment City or the bayfront will naturally be more expensive.
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If you’re looking for more affordable rentals based on DMCI Homes properties, try browsing in Sucat, Don Bosco, and Merville Parañaque. For renters who don’t mind a higher rent, you’ll fit right in condos located in Bicutan, BF Homes, Sto Niño, and Sun Valley.
For young professionals who are always on-the-go, studio units are a great choice. Aside from it being more affordable, there’s less floor space to clean, which is perfect when you have a deadline coming soon. If you’re living with a partner or one family member, you might prefer a one-bedroom unit. For those starting a family, two bed-room units are a wiser choice.
When selecting a condo rental, many young professionals look for the following amenities: gym, on-site parking, in-suite laundry, co-working spaces, and pet-friendly premises. As someone working in the cutthroat concrete jungle of Metro Manila, you’d want your home to reflect your lifestyle. Skip the hassle of bringing in your own furniture by choosing a fully furnished unit with modern and tasteful decorations.
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Tips on finding the best condo rentals
Now that you understand Parañaque’s rental market, it’s time to learn the know-hows of finding the best condo rentals in the city. To spot the right property for you, you must:
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Set a budget and stick to it
Since you’re just starting out on your career, it’s best to consider your finances when choosing a condo for rent in Parañaque. Setting your budget and sticking to it will help narrow down your options and help you choose a property that’s suitable for your needs at the moment.
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Research online platforms
Make sure you’ve scoured the internet for all the condo rentals in Parañaque. When you’ve seen the variety of properties on websites, apps, and social media, you can keep track of listings and find it easier to compare price points, amenities, and location.
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Visit the units personally
Don’t settle for just seeing the condo unit in photographs. Schedule a viewing and take time to inspect the space and check possible issues that might arise once you’re living there. Also, consider walking around the premises as a snippet of how it’s like to live there. The community is also a deciding factor for many individuals.
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Negotiate the lease agreement
As a young professional, it can be intimidating to sign a contract and negotiate your terms. However, that’s your right as a renter. Don’t be afraid to ask or re-negotiate some items on your lease, whether that’s lowering your rental rate or moving your payment date.
Must-see Parañaque properties
Parañaque is filled with modern and luxurious properties available for rent. Most of them are near or in the heart of business districts, close to schools, places of worship, major shopping malls, and key areas. Check out the diverse range of condo rentals in this beautiful city:
Asteria Residences
Located in San Antonio Valley 2 Barangay San Isidro in Sucat, Parañaque, Asteria Residences offers resort-style living with the comfort of a spacious and secured home. It has large swimming pools, lush landscaping, and world-class amenities, perfect for people with different lifestyles.
Photo courtesy of DMCI Homes
Calathea Place
If you want to live as if you’re away from the hustle and bustle of Metro Manila, Calathea Place might be right for you. This mid-rise condominium community in Dr. Arcadio Santos Avenue offers a peaceful and blissful vibe while still being located in the heart of Parañaque city.
Photo courtesy of DMCI Homes
Oak Harbor Residences
Want to experience living in a lavish waterfront community? Oak Harbor Residences, a DMCI Homes exclusive project, offers just that. Not only can you enjoy magnificent views and state-of-the-art amenities if you live here, you’ll also be at the center of the country’s up-and-coming business district and entertainment capital.
Photo courtesy of DMCI Homes
Palm Grove
Get the perfect balance of nature and modern city living at Palm Grove by DMCI Homes. This chic and affordable residential condominium in Better Living, Parañaque is surrounded by lush palm trees and professionally maintained landscape.
The Atherton
Experience true community living in The Atherton by DMCI Homes. It boasts an intimate appeal of going home and living in the South while also providing a premium quality lifestyle to its residents.
Siena Park Residences
Growing families who want to upgrade their lifestyle away from the traffic-ridden roads of the city find their home at Siena Park Residences. Although its location in Sun Valley, Bicutan keeps it away from congested city highways, it’s still accessible to main roads that lead to business districts.
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Arista Place
Enjoy exclusivity and leisure amenities in the tropical-themed condominium community of Arista Place. Located in JP Rizal in Barangay Sto. Nino, Arista Place offers a relaxed but secured ambiance within the bustling city of Parañaque.
Photo courtesy of DMCI Homes
Raya Garden Condominiums
Located in West Service Road, Merville, Raya Garden Condominiums offer residents a taste of tranquil living. The Balinese-inspired architecture will make you feel like you’re on vacation every day.
Photo courtesy of DMCI Homes
Your choice of a residential condo for rent lies on your preference and lifestyle. However, consider one more thing before choosing a property you’ll call home for the next few years: condominium community.
Living in a condo community in Parañaque
Many people would rather invest in a condominium because it’s usually part of a community managed by a large developer. That means you’ll get 24/7 security with guaranteed safety measures in place. In addition, you’ll have access to shared amenities like pools, gyms, function rooms, and convenience stores.
The condominium community management also takes care of maintenance according to the community’s standards, usually with separate fees. Most of all, living in a condo community promotes social interaction with your neighbors. You and the other residents basically live in one village, sharing amenities, and looking out for one another.
If you’re ready to rent your next home, check out the wide variety of premium rental condos at DMCI Homes. For those who are preparing for condominium ownership, don’t miss the ready-for-occupancy home deal through our Home Ready rent-to-own program. Choose your dream home with us.
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