PIK, 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 showed a growth in average monthly pageviews into Mandaluyong from those in Makati (percent14.39 percent), Pasig (80 percent), and Quezon City (95.52 percent)1.
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 per square meter (sq.m.).
By the second quarter of 2020, even at the height of the pandemic, the price was at P206,000 per sqm.
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.
One Sierra is a short distance from retailers, hospitals and schools. PIK country manager Mai Yang said with the BGC-Ortigas link road, MRT 3 rehabilitation, and EDSA greenways will further improve Mandaluyong’s key location.
PIK 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.
