Horizon Homes in Bonifacio Global City (BGC), specifically located within the Grand Hyatt Manila Residences South Tower in Fort Bonifacio, Taguig, is known for its luxury and stunning views. But with premium price tags, it’s natural to wonder: are those views truly worth the investment? Let’s take a closer look at everything Horizon Homes offers, from pricing and lifestyle to potential drawbacks, to help you decide if it’s the right place for you.
Location, Location, Location: Right in the Heart of BGC
Horizon Homes boasts a prime location right in the heart of BGC. Being part of the Grand Hyatt Manila Residences South Tower means residents have immediate access to the hotel’s services and amenities. The tower sits along 8th Avenue, putting it within easy walking distance of many key BGC landmarks. We’re talking about being just a stone’s throw from places like the Grand Hyatt Hotel, of course, but also close to various office buildings, restaurants, and shops. This location makes it incredibly convenient for professionals working in BGC, as well as those who simply enjoy the vibrant BGC lifestyle. You’re essentially living in the middle of it all!
Real Estate Desirability and Pricing
BGC is one of the most desirable places to live in Metro Manila, and Horizon Homes benefits directly from this. Demand for premium residences in BGC remains high, driving up property values. Units in Horizon Homes, being part of a luxury brand like Grand Hyatt, command premium prices. You can expect to see prices starting well above PHP 50 million, and reaching upwards of PHP 150 million or even more, depending on the unit size, floor, and specific features. These are definitely not entry-level prices! Keep in mind that these prices can fluctuate based on market conditions and the specific unit being offered.
Lifestyle Appeal: More Than Just a Place to Live
Living in Horizon Homes isn’t just about having a condo; it’s about embracing a luxurious and convenient lifestyle. Residents have access to the Grand Hyatt Manila’s amenities, including swimming pools, a fitness center, a spa, and various dining options. Imagine being able to order room service from a five-star hotel to your condo! The concierge services also add a layer of convenience, handling everything from deliveries to transportation arrangements. Beyond the building itself, BGC offers a vibrant social scene, with numerous restaurants, bars, and shops just steps away. It’s a walkable neighborhood, perfect for those who enjoy being active and exploring the city.
Unit Types: Finding the Right Fit
Horizon Homes offers a range of unit types to cater to different needs and preferences. You’ll find everything from spacious two-bedroom units to expansive four-bedroom residences. There are also penthouse units available, offering the ultimate in luxury and stunning panoramic views. Each unit is designed with high-end finishes and modern amenities, creating a comfortable and stylish living space. Floor plans are typically open and airy, maximizing natural light and providing ample space for entertaining. It’s important to check specific floor plans and finishes when considering a purchase, as these can vary between units.
HOA Dues: The Cost of Luxury
Living in a luxury condominium comes with its own set of costs, and HOA (Homeowners Association) dues are a significant factor. For Horizon Homes, expect to pay fairly substantial monthly HOA dues. These dues cover the maintenance of the building’s common areas, amenities, and security, as well as administrative costs. The exact amount will depend on the size of your unit, but it’s essential to factor this into your overall budget. While the dues may seem high, they contribute to maintaining the building’s high standards and ensuring a comfortable living environment.
Nearby Commercial Hubs: Convenience at Your Doorstep
One of the biggest advantages of living in Horizon Homes is its proximity to BGC’s commercial hubs. You’re within walking distance of major office buildings, making it ideal for professionals working in the area. Shopping malls like SM Aura Premier and Market! Market! are also easily accessible, offering a wide range of retail and dining options. The High Street area, with its pedestrian-friendly streets and outdoor cafes, is another popular destination just a short walk away. Having all these amenities within easy reach makes everyday life much more convenient.
Safety and Security: A Top Priority
Safety and security are paramount in any residential building, and Horizon Homes takes this seriously. The building has 24/7 security personnel, CCTV cameras, and controlled access points. Residents can feel safe and secure knowing that their building is well-protected. BGC itself is known for being a relatively safe area, with a visible police presence and well-lit streets. This adds another layer of security and peace of mind for residents of Horizon Homes.
Local Demand: A Sought-After Address
Demand for properties in Horizon Homes remains strong due to its prime location, luxurious amenities, and association with the Grand Hyatt brand. This strong demand can be a positive thing for owners, as it can contribute to higher property values over time. It also means that rental units in Horizon Homes are likely to be in high demand, providing a potential source of income for owners who choose to lease out their units.
Pros and Cons: Is Horizon Homes Right for You?
Like any property, Horizon Homes has its pros and cons. Let’s break them down to help you make an informed decision.
Pros:
- Prime Location: Right in the heart of BGC, close to offices, shops, and restaurants.
- Luxurious Amenities: Access to the Grand Hyatt Manila’s facilities and services.
- High-End Finishes: Modern and stylish units with premium materials.
- Strong Security: 24/7 security and controlled access.
- Potential Investment: High demand and potential for appreciation.
Follow us on LinkedIn!
Cons:
- High Price: Premium prices make it inaccessible to many buyers.
- High HOA Dues: Significant monthly costs for maintenance and amenities.
- Potential for Noise: Being in the heart of BGC, noise can be an issue, especially at night.
- Traffic Congestion: BGC can experience heavy traffic during peak hours.
Horizon Homes vs. Similar Developments Nearby
BGC has many luxury condominiums, so it’s important to consider how Horizon Homes stacks up against the competition. Some similar developments include Pacific Plaza Towers, One Serendra, and Shangri-La Residences at The Fort. Pacific Plaza Towers is known for its exclusivity and spacious units, but it’s an older building. One Serendra offers a more resort-like atmosphere with lush gardens and multiple swimming pools. Shangri-La Residences at The Fort boasts a similar level of luxury and access to hotel amenities. Horizon Homes stands out with its modern design and direct integration with the Grand Hyatt Manila. Ultimately, the best choice depends on your individual preferences and priorities.
Average Unit Prices and Rental Income Potential
As mentioned earlier, unit prices in Horizon Homes start well above PHP 50 million. Based on recent listings and market data, a two-bedroom unit can range from PHP 50 million to PHP 80 million, while larger three-bedroom units can fetch upwards of PHP 80 million to PHP 120 million. Penthouses, of course, command the highest prices. For rental income potential, you can expect to earn a significant amount per month, depending on the unit size and furnishings. Two-bedroom units can potentially rent for PHP 150,000 to PHP 250,000 per month, while larger units can generate even higher rental income. Keep in mind that these are just estimates, and actual rental income may vary based on market conditions and the specific unit.
Airbnb Legality and Feasibility
Airbnb and short-term rentals can be a gray area in many condominiums in the Philippines, and Horizon Homes is no exception. It’s essential to check with the building management and the Homeowners Association (HOA) to understand their specific rules and regulations regarding short-term rentals. Some condominiums have strict restrictions or outright bans on Airbnb, while others may allow it with certain conditions. Before considering Airbnb as a rental strategy, make sure you’re fully aware of the legal and regulatory landscape. Violating the building’s rules can result in fines or even legal action.
Flood or Earthquake Risk
Metro Manila is located in an area that is susceptible to both floods and earthquakes. BGC, being a relatively new development, has generally good drainage systems, which helps mitigate flood risks. However, heavy rainfall can still cause localized flooding in certain areas. As for earthquake risk, the Philippines lies along the Pacific Ring of Fire, making it prone to earthquakes. It’s important to note that the West Valley Fault Line, a major fault line in the Philippines, is located relatively close to BGC. While buildings in BGC are built to withstand earthquakes, it’s still a factor to consider. Consulting earthquake risk maps and understanding the building’s structural integrity are essential steps.
Security and Amenities: What to Expect
Horizon Homes offers a comprehensive range of security and amenities to ensure a comfortable and secure living environment. As mentioned before, 24/7 security personnel, CCTV cameras, and controlled access are standard. In addition to these, residents have access to amenities such as swimming pools (including a kiddie pool and an adult pool), a fitness center, a function room, and a children’s playroom. The direct access to the Grand Hyatt Manila’s amenities is a significant advantage, offering residents a taste of hotel living. These amenities cater to a variety of lifestyles and needs, making Horizon Homes a desirable place to live.
Walkability and Noise Levels
BGC is known for being a walkable neighborhood, and Horizon Homes benefits from this. You can easily walk to nearby offices, restaurants, shops, and parks. This walkability promotes an active lifestyle and reduces reliance on cars. However, being in the heart of BGC also means that noise can be an issue, especially during peak hours and at night. Traffic noise, construction noise, and noise from nearby establishments can be noticeable. If you’re sensitive to noise, consider choosing a unit on a higher floor or one that faces away from busy streets.
Connectivity to MRT, LRT, Highways, and Work Hubs
Horizon Homes enjoys good connectivity to major transportation networks. It’s easily accessible via major highways like EDSA and C5. Public transportation options include buses and taxis. The nearest MRT station (Guadalupe Station) is a short taxi or bus ride away. The future BGC Subway station, once completed, will further enhance connectivity to other parts of Metro Manila. This connectivity makes it easy to get to work, school, or other destinations throughout the city. Its proximity to major work hubs in BGC, Makati, and Ortigas also makes it an attractive location for professionals.
Follow us on LinkedIn!
Nearby Schools, Malls, Hospitals, or Lifestyle Areas
Horizon Homes is surrounded by a plethora of amenities, including top-notch schools, world-class malls, reputable hospitals, and vibrant lifestyle areas. Several international schools are located nearby, making it a popular choice for families with children. Shopping malls like SM Aura Premier, Market! Market!, and Bonifacio High Street offer a wide range of retail and dining options. St. Luke’s Medical Center, one of the leading hospitals in the Philippines, is also located in BGC, providing residents with access to quality healthcare. The abundance of lifestyle areas, such as parks, art galleries, and entertainment venues, ensures there’s always something to do.
FAQ: Your Burning Questions Answered
What are the starting prices for units in Horizon Homes? Expect prices to start well above PHP 50 million, depending on the unit size and features.
What are the HOA dues? HOA dues vary depending on the unit size, but are generally substantial and should be factored into your budget.
Is Airbnb allowed in Horizon Homes? Check with the building management and HOA for specific rules and regulations regarding short-term rentals.
What amenities are available to residents? Residents have access to the Grand Hyatt Manila’s amenities, including swimming pools, a fitness center, and concierge services, in addition to building-specific amenities.
How safe is the area? BGC is generally considered a safe area with a visible police presence and well-lit streets.
What schools and hospitals are nearby? Numerous international schools and St. Luke’s Medical Center are located within close proximity.
Is there potential for flood or earthquake risk? Metro Manila is susceptible to floods and earthquakes, so it’s important to consider this factor. Buildings in BGC are built to withstand earthquakes, but consult earthquake risk maps for more information.
References
Grand Hyatt Manila Residences South Tower Official Website
Philippine Statistics Authority (PSA)
Taguig City Government Website
Colliers International Philippines Real Estate Market Reports
Santos Knight Frank Philippines Real Estate Market Reports
Ready to experience the luxury and convenience of Horizon Homes for yourself? Don’t just imagine the stunning views – see them in person! Contact a reputable real estate agent specializing in BGC properties today to schedule a viewing and explore the available units. Discover if Horizon Homes is truly the perfect place for you to call home and elevate your lifestyle.
