Php1.6 Mn

The cheapest parking slot in BGC is Php1.6 Mn (P128,100/sqm) based on the recently released zonal values for Taguig City.

It's funny how a 12.5 sqm piece of concrete can cost more than the price of most gated villages. In a previous post, I mentioned that Shang Aurelia's parking slot cost Php4.575 Mn. Condo buyers usually skip getting parking slots because of their hefty price tags. These people would think, "I can easily rent a parking slot."

Should buyers skip getting a parking slot when purchasing a condo? Stay tuned for tomorrow's post.

Side note: the Php1.6 Mn is good to know when doing quick-and-dirty computations of a condo unit's price/sqm since you have to deduct the value of the parking first. Before, we assumed parking slots were Php1 Mn.

Oh, and in case you're wondering, the parking slot belongs to Seibu Tower.