Nowadays, the historical city of Caloocan (or Kalookan) has developed into an attractive investment destination and a preferred settlement in the metropolis due to its growing commercial and industrial centers and huge residential area. Being rather close to the Philippines’ capital city (and the many business opportunities it entails) is also a good selling point. Therefore, the city offers a wealth of investment opportunities when you invest in Caloocan.
Reports showed that Caloocan had the cheapest house prices in the National Capital Region (NCR), according to the 2015 data of Lamudi, an online property platform. Those who were looking for an affordable house in the city could expect a median home price of P787,750 at that time. Based on the report, more than half of houses were being sold at P1 million or less.
Caloocan City is the fourth most populous highly urbanized city (HUC) in the country next to Quezon City, City of Manila and Davao City, according to data from the Philippine Statistics Authority. There are also lots of businesses, malls, hospitals, universities, major infrastructures and other attractions that thrive in the area to serve the needs of the residents.
In addition, Caloocan made it to the top 10 most competitive cities in the country, placing ninth in the highly urbanized city category of the 2020 Cities and Municipalities Competitiveness Index. Results were based on their standing in terms of these four pillars: economic dynamism, government efficiency, infrastructure and resiliency.
The city is located in the northern part of NCR. The 5,333.40-hectare city consists of two separate geographical areas: the North and South Caloocan. North Caloocan shares its borders with Quezon City, Valenzuela and the province of Bulacan while South Caloocan is bordered by Manila, Quezon City, Malabon, Navotas and Valenzuela.
The Humble Beginnings
Caloocan City had its own humble beginnings as a small barrio in Tondo. It was then called “Aromahan” or “Libis Espina” since it was located in a “libis” (lowland). Another popular tale about the origin of its name is that it either came from the Tagalog word “look” (bay) because of its proximity to Manila Bay or “sulok” (corner) because of its location at the corner where the old towns of Tondo and Tambobong connect.
But what was previously a small turf made a massive contribution to the history of the Filipinos especially during the Philippine Revolution in 1896. Caloocan was the site of the secret meetings held by the Katipunan movement’s supreme leader Andres Bonifacio and his allies. It was also where the Katipuneros had their first encounter with the Spanish forces and a place deemed as the center of activities and milestones for the revolutionary society.
Caloocan is rich in history and investment potential. Here are some of the reasons why you should invest in Caloocan:
3 Great Reasons to Invest in Caloocan
1. It Is Home to Important Landmarks, Nature Parks and Resorts in the Metropolis
One of the country’s most iconic landmarks is found in Caloocan City – a grand tribute often seen by commuters from the Monumento Station of the Light Rail Transit (LRT) Line 1. The towering Bonifacio Monument was built as a memorial to the Supremo, Andres Bonifacio, who is remembered as the “Father of the Philippine Revolution.” Designed by National Artist Guillermo Tolentino, this 200-square meter masterpiece immortalizing the Filipinos’ victory over the Spaniards was inaugurated in 1933. It is located at the intersection of Edsa, Rizal Avenue, Samson Road and MacArthur Highway.
The San Roque Cathedral was declared as a national landmark and shrine for history, freedom and independence. This church served as the meeting place of the Katipuneros before trooping to Balintawak, one of the staging camps of Gen. Antonio Luna during the Filipino-American war, and a regiment camp when the Gen. Arthur McArthur-led Americans took control of Caloocan. It was also cited as one of the Jubilee Churches in the Archdiocese of Manila. Pope John Paul II created the Diocese of Kalookan that comprises Caloocan City (South), Malabon City and Navotas City, elevating the parish into a cathedral.
Caloocan City also holds the vibrant Pajotan de Sto. Niño Festival, a religious and cultural event held every last Sunday of January in Maypajo. It’s a celebration of the overflowing grace from Jesus Christ while featuring the colorful culture and tradition of the city. Some of the activities are the grand procession of the different images of Sto. Niño, fun-filled street dancing and awesome fireworks display.
Other notable landmarks found in the city are the La Loma Cemetery (the oldest cemetery in Manila that can be found in the border of Caloocan and Manila), Tala Leprosarium (the oldest leprosarium in Asia which is now called Dr. Jose N. Rodriguez Memorial Hospital), Thai To Taoist Temple Pagoda (a sacred place of worship that signifies the growing Chinese community in the city) and the The Horace Higgins Hall – Philippine National Railways (the historical site of the first ever train trip in 1892).
One famous destination for outdoor-lovers and students having field trips is the La Mesa Watershed and Eco Park, a recreational site that features a lush wildlife and rich flora and fauna. In this nature park, you can spend time bird-watching, fishing, swimming, hiking and mountain biking. The La Mesa Watershed and Nature Reserve, which stretches from Quezon City, Caloocan City and the town of Rodriguez in Rizal, is deemed as the last tropical rainforest of its size in the metropolis. The 2,659-hectare green paradise also houses a dam that provides drinking water to more than 12 million people from Metro Manila. It also gives the area fresh air, absorbing some of its carbon dioxide emissions.
Families can also plan a lovely weekend picnic at Caloocan Nature Park in Amparo Subdivision. The two-hectare park has amenities such as 14 cabanas, hanging bridge, adult and kiddie pools, function rooms and a hall-type function room.
For those who want a respite from the hustle and bustle of city life, Caloocan also has plenty of kid-friendly pool resorts that are great for quick getaways and recreational activities. One of these is the Gubat sa Ciudad Resort in Bagumbong which is ideal for family reunions, company outings, retreats, campings and team buildings. It has seven swimming pools of different depths and sizes, water slides, basketball and volleyball courts, tree houses, playground, air-conditioned rooms, cottages and hall pavilion. Also in Bagumbong area is the Villa Celedonia Valley Resort where guests can enjoy three swimming pools, children’s park, cottages, basketball and tennis courts.
The Luzviminda Resort (also known as the Home of the Castlesliders) is a go-to place in Deparo, Caloocan City because of its fun ambience and amenities like the two swimming pools, water slides, gazebos, cottages, air-conditioned rooms and a cozy restaurant. Another good option is the Grogun Health Resort near Amparo. It’s a private resort that has two swimming pools and slides.
2. Invest in Caloocan’s Growing Connectivity and Convenience
Known as a gateway to the north, Caloocan City is linked to other places in the metro through transport infrastructures or a network of roads such as Edsa, which starts at Monumento. Victory Liner Inc., one of the largest provincial bus companies in the country, also has its head office and a terminal in Rizal Avenue Extension, Caloocan. The Balintawak Toll Plaza of North Luzon Expressway (NLEX) is also found in this city.
The LRT Line 1, a 20-kilometer railway system that connects Baclaran (Parañaque) to Roosevelt (Quezon City), has stations in 5th Avenue and Monumento in Caloocan City. Now under construction is the P64.9-billion LRT-1 Cavite Extension Project, that aims to lengthen the railway line by approximately 11.7 kilometers to Niog Station in Bacoor, Cavite. It is set to operate partially by the end of 2021, based on reports.
There’s also the Sangandaan (Caloocan City) to FTI (Taguig City) rail line of the Philippine National Railways (PNR), which passes through Sangandaan, 10th Avenue (or Asistio), 5th Avenue, Solis, Blumentritt, Espana, Sta. Mesa, Paco, Dela Rosa, Edsa, FTI and vice versa, according to the Philippine News Agency.
Meanwhile, residents from the northern part of Caloocan can conveniently commute to other parts of the metropolis by soon having access to the Metro Rail Transit Line 7 (MRT-7) through the Sacred Heart and Tala Stations. The 62.7-billion project involves the construction of the 23-kilometer elevated railway line that will link North Avenue in Quezon City to San Jose del Monte, Bulacan. Business World earlier reported that partial operations between North Avenue Station (Quezon City) and Sacred Heart Station (Caloocan City) are poised to happen by December this year.
3. Invest in Caloocan: A Business-Friendly Community
Reports showed that Caloocan City joined the list of the top 10 wealthiest cities in the country for 2019, ranking eighth with a P20.599 billion in total assets, based on the Commission on Audit’s annual financial report for local government. The city was also recognized by the Philippine Chamber of Commerce and Industry (PCCI) as one of the finalists for the “Most Business-Friendly Local Government Unit Award” numerous times.
Some dub Caloocan as the “motorcycle capital” of the country because it is famous for having a lot of motorcycle dealers and spare parts dealers especially in the area of 10th Avenue. The city even holds its annual Arangkada Motorsiklo Festival to promote Caloocan’s thriving motorcycle industry and showcase the talents of the riders.
There are lots of shopping malls and supermarkets in the city like SM Center Sangandaan, soon-to-open SM City Grand Central (replacing the former Ever Gotesco Grand Central), Victory Central Mall, Araneta Square, Zabarte Town Center, Holiday Island Mall, Savemore Market, SM Hypermarket and Puregold. Banking in Caloocan is also convenient as there are several branches here like Metrobank, BDO, Maybank, BPI and China Bank.
Aside from commercial properties, there are other important infrastructures in Caloocan enjoyed by the residents like schools and communal facilities. The city is home to the University of the East Caloocan, La Consolacion College-Caloocan, Manila Central University and University of Caloocan City. For sports fans and athletes, there’s the Caloocan Sports Complex, which hosted games of the ASEAN Basketball League, Philippine Super Liga and Maharlika Pilipinas Basketball League.
The New Caloocan City Hall was also recently built. It’s an 8-storey building that includes the city government’s offices, gardens, parks, events and conference center, basement parking and its own commercial complex with a wide array of restaurants, boutiques and service shops.
Caloocan People’s Park, known as the city’s first “breathable and family-friendly park,” was inaugurated in 2019. The 6,229-square-meter park surrounded by trees has a playground for children, dancing water fountain, fitness equipment and space for picnics, jogging, walking or zumba.
DISCOVER THE NEW SIDE OF CALOOCAN CITY TODAY!
Invest in Caloocan and reap the benefits of the economic boom and business-friendly environment of one of the richest cities in the Philippines. Buying an affordable condo in Caloocan is an ideal choice for those who want to generate passive income through real estate investing.
Explore a wealth of opportunities when you invest in Caloocan, primarily in Camella Manors Caloocan, which is located in the country’s fourth most populous city, making its market value potentially high. This 5-tower residential property is nestled in the progressive area of Camarin Road in North Caloocan. It is perfect for those who want to experience a holistic condo lifestyle because it has its own commercial complex to cater to their needs.
Camella Manors Caloocan is the first mixed-use condo development in North Caloocan. It also showcases superb amenities like swimming pool, clubhouse, function hall, fitness gym, playpark, jogging path, garden roofdeck and 24/7 security.
Camella Manors Caloocan is within striking distance to major establishments in the area. Business hubs and lifestyle centers in the city are also easily accessible from the condominium. It will only be 15 minutes away from the Mindanao Avenue Station of MRT-7 once the railway project becomes operational. The property is just 2 minutes away from Caloocan City North Medical Center, 10 minutes away from SM City Fairview and Ayala Fairview Terraces and 10 minutes away from National University Fairview and Our Lady of Fatima University-Lagro.
These are the available units: 23.76-sq.m. studio, 28.55-sq.m. studio and 30.36-sq.m. one bedroom-type units.
Please click here to visit the official website of Camella Manors for inquiries and additional information.
Hurry, invest in Caloocan and come home to Camella Manors Caloocan now!