【Property Introduction】

This property is a project located between the BGC (Bonifacio Global City) area and the Ortigas area in Manila, the capital of the Philippines.


The BGC and Ortigas areas are the economic and commercial centers of Manila, hosting the headquarters of numerous domestic companies. In recent years, large-scale redevelopment has been carried out, creating wide roads and modern cityscapes in these areas.


This project is a collaboration between major developer Federal Land and Japan's leading developer Nomura Real Estate. The design has been entrusted to Nikken Sekkei, Japan's largest architectural design firm, which has handled projects such as Tokyo Midtown and Roppongi Hills Residences.
These three companies have also previously partnered on the The Seasons Residences, a luxury condominium adjacent to the Philippines’ first large-scale commercial facility “MITSUKOSHI” located in BGC.


The property is Sora Tower, the first phase of The Observatory project, featuring 36 floors and a total of 650 units.


The shared facilities are exceptionally comprehensive and include commercial facilities, a sky lobby, a kids' playroom, a co-working space, a yoga studio, a fitness room, a shower room, a lobby lounge, a function room, a recreation room, a pool, and a pet park.

Due to its popularity both domestically and internationally, this property is expected to see strong rental occupancy and price appreciation in the future.

【Average Yield】

The average yield is estimated to be around 3%, but with Manila's growing popularity and future development, this property is expected to experience significant price appreciation, making it a highly effective investment.

【Surrounding Environment】

・20 minutes by car to the Ortigas central district

・20 minutes by car to the BGC central district

・30 minutes by car to Ninoy Aquino International Airport

Situated between BGC and Ortigas, this property offers excellent access to both central areas. The area around the property is home to numerous corporate headquarters and offices, leading to a growing demand for employee housing year after year.

【Real Estate Price Trends in the Surrounding Area】

According to statistics, the prices of luxury residences in Manila's Makati central district and neighboring areas rose by 26% in the year leading up to March 2024, marking the highest increase among 44 cities worldwide.


The primary drivers of this price surge are the strong performance of the Philippine economy and large-scale infrastructure investments around Manila.


Amidst this real estate boom, the Philippines has seen an increase in high-end condominiums, making it one of the most globally noteworthy countries. With the end of the pandemic and the return of business travelers and tourists, further development in Manila and continued price appreciation for properties are anticipated.