San Lorenzo Village in Makati is often talked about as one of the few places where you can still find relatively affordable housing compared to its super-expensive neighbors like Forbes Park and Dasmariñas Village. While it’s definitely not “cheap,” it offers a mix of houses and lots that are more accessible to a wider range of buyers and renters who want to live in a prime Makati location. Let’s dive into what makes San Lorenzo Village special, what it costs to live there, and how it stacks up against other villages around it.
What Makes San Lorenzo Village Desirable?
San Lorenzo Village has a lot going for it. First, it’s in a fantastic location. You’re right in the heart of Makati, close to everything! Think about it: the central business district (CBD) is practically at your doorstep. That means short commutes to work for many people. Plus, you’ve got tons of restaurants, shops, and entertainment options nearby. Imagine being able to walk to your favorite coffee shop or have dinner at a fancy restaurant without having to drive miles. It’s super convenient.
Beyond location, San Lorenzo also boasts a sense of community that’s often hard to find in such a bustling city. It’s a mix of older families who have lived there for generations and younger professionals who are drawn to the area’s convenience and lifestyle. This creates a unique blend of tradition and modernity. The village association is also very active, organizing events and ensuring the upkeep of the community. You can easily find listings on websites like Lamudi that will give you an overview of what is available on the market.
Property Types and Pricing in San Lorenzo
The types of properties in San Lorenzo Village are mostly single-detached houses. You’ll find everything from older, more traditional homes to newly renovated or even brand-new houses built to modern standards. Lot sizes vary, but generally, you’re looking at properties ranging from 400 square meters to over 1,000 square meters. Of course, the bigger the lot, the higher the price.
Now, let’s talk about the money. As of late 2023 and early 2024, you can expect to pay anywhere from PHP 80 million to PHP 250 million or more for a house and lot in San Lorenzo. Yes, that’s a wide range, and it depends on factors like the size of the property, the condition of the house, and the specific location within the village. Lots alone can be quite expensive, ranging from PHP 150,000 to PHP 250,000 or more per square meter, depending on the location. Keep in mind that property prices in the Philippines are susceptible to change and economic factors. Consulting local real estate agents and platforms like Property24 is crucial for the most up-to-date valuations.
Neighborhood Lifestyle and Community Vibe
Life in San Lorenzo Village is generally peaceful and laid-back, despite being in the middle of Makati. The streets are relatively quiet, and there’s a strong sense of security. Many residents enjoy walking or jogging around the village, especially in the early mornings or late afternoons. You’ll see families out walking their dogs, kids playing, and neighbors chatting with each other. It’s a very welcoming atmosphere.
The village also has several parks and green spaces where residents can relax and enjoy the outdoors. These areas are well-maintained and provide a welcome escape from the hustle and bustle of city life. Events are often held in these parks, fostering a strong sense of community spirit.
Current Demand and Investment Potential
The demand for properties in San Lorenzo Village remains consistently high. People are always looking to buy or rent in the area because of its prime location, security, and overall quality of life. This makes it a very attractive investment opportunity.
If you’re thinking about buying a property in San Lorenzo, you can expect a good return on your investment. Property values in Makati generally appreciate over time, and San Lorenzo is no exception. You can also potentially generate rental income by leasing out your property to expats, professionals, or families who want to live in the area. The rental income potential is quite significant, especially for well-maintained and strategically located properties.
Safety and Security
Safety is a major priority in San Lorenzo Village. The village has its own security force that patrols the area 24/7. There are also security checkpoints at all entrances and exits, and visitors are required to register. This ensures that only authorized people can enter the village. The community is well-lit at night, further enhancing safety and security. The presence of security guards and the active involvement of the village association contribute to a safe and secure environment for residents.
Location Pros and Cons
The location of San Lorenzo Village is definitely one of its biggest strengths. Being in the heart of Makati means you’re close to everything you need. However, there are also some potential drawbacks to consider.
Pros:
- Proximity to the Makati CBD
- Easy access to restaurants, shops, and entertainment
- Good schools nearby
- Relatively safe and secure environment
- Strong sense of community
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Cons:
- High property prices
- Traffic congestion, especially during peak hours
- Noise from nearby commercial areas (depending on the specific location within the village)
Comparing San Lorenzo with Nearby Villages
Let’s see how San Lorenzo Village stacks up against its more well-known neighbors, Forbes Park and Dasmariñas Village. Both Forbes and Dasma, as they are often called, are known for their exclusivity and incredibly high property prices. They are home to some of the wealthiest families in the Philippines.
San Lorenzo, on the other hand, is generally considered to be more accessible. While still expensive, property prices are typically lower than in Forbes and Dasma. This makes it a more attractive option for those who want to live in a prime Makati location without breaking the bank. In terms of lifestyle, San Lorenzo is often described as being more laid-back and less formal than its neighbors. It has a more diverse mix of residents, including families, professionals, and expats.
Real-World Insights: Traffic, Walkability, Schools, and Noise Levels
Let’s get into some more specific details about living in San Lorenzo Village. Traffic can be a challenge, especially during rush hour. The roads leading into and out of the village can get congested, so it’s important to factor this into your commute. However, once you’re inside the village, the streets are generally much quieter and less crowded.
Walkability is decent within San Lorenzo. You can easily walk to nearby restaurants, shops, and parks. However, if you need to go further afield, you’ll likely need to drive or take a taxi. Many residents opt to use services like Grab for transportation.
There are several good schools located near San Lorenzo Village, including international schools and reputable local schools. This makes it a popular choice for families with children. Proximity to schools is a major factor for many families considering where to live.
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Noise levels can vary depending on the specific location within San Lorenzo. Some areas are quieter than others, especially those located further away from main roads and commercial areas. If noise is a concern for you, it’s important to check out the specific property you’re interested in at different times of the day to get a sense of the noise levels.
Rental Income Potential and Airbnb Feasibility
If you’re thinking about buying a property in San Lorenzo as an investment, you’ll be happy to know that there’s significant rental income potential. The demand for rental properties in the area is high, especially from expats and professionals who want to live in a safe and convenient location. You can expect to earn a good return on your investment by renting out your property.
However, it’s important to note that Airbnb is generally not allowed in San Lorenzo Village. The village association has strict rules and regulations regarding short-term rentals. Therefore, if you’re looking to generate income through Airbnb, San Lorenzo may not be the best option for you. The focus is on long-term rentals and maintaining the residential character of the village.
Community Vibe and Social Activities
The community vibe in San Lorenzo Village is generally very positive. Residents are friendly and welcoming, and there’s a strong sense of community spirit. The village association organizes various social activities throughout the year, such as community events, sports tournaments, and holiday celebrations. These events provide opportunities for residents to meet each other and build relationships. It’s a place where you can feel like you belong and make lifelong friends. The village association truly takes pride in establishing and nurturing the close-knit community within the village.
Is San Lorenzo Still Affordable?
Okay, let’s address the big question: Is San Lorenzo Village really still “affordable”? The answer is, it’s all relative. Compared to Forbes Park and Dasmariñas Village, yes, it’s definitely more affordable. But it’s still a very expensive place to live, especially when compared to other areas of Metro Manila. What you’re paying for is the location, the security, and the overall quality of life. It’s an investment in a prime piece of real estate in one of the most desirable areas of the city. Whether it’s “affordable” depends on your individual financial situation and what you’re looking for in a home.
FAQ About San Lorenzo Village
Here are some frequently asked questions about San Lorenzo Village:
What is the average price of a house in San Lorenzo Village? The price range is quite wide, typically from PHP 80 million to PHP 250 million or more, depending on size, condition, and location.
Is San Lorenzo Village safe? Yes, San Lorenzo Village is considered to be a very safe and secure neighborhood with 24/7 security patrols and controlled access points.
Are there good schools near San Lorenzo Village? Yes, there are many reputable schools located nearby, including international schools and local private schools.
Is Airbnb allowed in San Lorenzo Village? No, Airbnb is generally not allowed in San Lorenzo Village due to village association regulations.
How is the traffic in San Lorenzo Village? Traffic can be heavy during peak hours, especially on roads leading in and out of the village.
Is San Lorenzo Village a good investment? Yes, San Lorenzo Village is generally considered to be a good investment due to its prime location, high demand, and potential for rental income.
References
Lamudi
Property24
Ready to explore San Lorenzo Village and see if it’s the right fit for you? Don’t just take my word for it! Start browsing property listings, connect with local real estate agents, and visit the area to get a feel for the community. Whether you’re looking for a family home, an investment property, or simply a slice of prime Makati real estate, San Lorenzo Village might just be the perfect place for you. So, go ahead, take the next step and discover the charm and potential of San Lorenzo Village!
