As strategic location is a principal factor for anyone looking to invest in real estate, PIK Group, Russia and Europe’s largest homebuilder, has chosen the growing city of Mandaluyong to mark its first project in the country, One Sierra.
Mandaluyong is close to all of Metro Manila’s central business districts (CBDs), so essentials are easy to come by for its residents. This may be a key reason why amidst the pandemic, residents of neighboring districts are looking to move in. This past year, Lamudi data shows a growth in average monthly pageviews into Mandaluyong from those in Makati (14.39%), Pasig (80%), and Quezon City (95.52%) .
Over the years, demand for Mandaluyong condominiums has steadily grown for its proximity to CBDs without the extremely high cost of living. Leechiu Property Consultants note that in 2017, the minimum price for condominiums in Mandaluyong stood at P92,935. By the second quarter of 2020, even at the height of the pandemic, the price was at P206,000 per sqm.
“With One Sierra, we offer relaxed urban living at the center of this bustling city. We named the building after the quaint Sierra Madre street that provides balance to our central location with easy access to EDSA with a more quiet neighborhood behind our property,” said Marketing Director for International Projects Elena Petropavlovskaya. Previously, PIK Group also noted that Metro Manila shares similarities with Moscow in terms of consumer behavior and urban environments.
This location works well for the lifestyles of either working individuals or families. Ease of mobility is essential for all, so the convenience of being close to shopping centers, hospitals, and schools has proven to be more of a necessity.
Thankfully, One Sierra is a short distance from expansive retailers like the Greenfield District Pavilion, SM Megamall, Shangri-La Plaza, and The Podium. Health concerns can easily be assuaged with the Cardinal Santos Medical Center, VRP Medical Center, and The Medical City Ortigas all in range. Add to that some of Metro Manila’s top schools like Poveda College, La Salle Greenhills, Xavier School, and UA&P.
“The Philippine real estate sector continues to grow, which is why we are so confident in our expansion plans,” said PIK Country Manager Mai Yang. With the “Build, Build, Build” initiative, the BGC-Ortigas link road, MRT 3 rehabilitation, and EDSA greenways will further improve Mandaluyong’s key location. “PIK is keen to be a part of this nation building and will continue to provide our market with more homes of European aesthetic and quality,” Ms. Yang added.
PIK Group builds urban environments that fit a comfortable modern lifestyle. As a low density project situated along EDSA, One Sierra is an accessible yet exclusive residence that PIK envisions as a highly attractive condominium for those looking for a strategically located urban location.
For more information about One Sierra, please visit http://one-sierra.com.