Expect big changes when the Makati Public Rail Transport (PRT)—better known as the Makati Subway—becomes operational in five years.
Do you live or work in Makati?
The 10-kilometer Makati PRT will be the first intracity subway system in the Philippines. What's in store for residents and employees in the country's premier business district? Let's explore Makati's most ambitious infrastructure project to date.
Good news for anyone with a property investment in Makati: land values will increase by 20% due to the Makati Subway System. The city government based this figure on the actual results of other underground railway systems in Asian cities like Hong Kong's MTR and Bangkok's MRT. What does this mean to real estate investors? If you have a condo investment in Makati, you can get higher ROI from renting out or selling your property. For example, once the Makati PRT's construction begins, you can increase your Airbnb rental price.
According to property consultancy Colliers International Philippines, the Makati PRT—along with other major infrastructure projects in Metro Manila—will push up prices of land in locations where it will pass through. A higher demand for residential properties near the Makati Subway stations is seen to drive this growth.
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