BIGPAT Development is looking to complete two mid-rise buildings offering budget rental accommodations near central business districts by the second half of 2022.
The seven-storey Araro Building, located along Araro St. in Makati City, features 90 studio units.
On the other hand, Honda Building will have 70 studio units across seven storeys. Groundbreaking is scheduled before the end of the year. The project is located along Honda Street in Makati City, a stone’s throw away from Bonifacio Global City.
“Our strategy is to continue investing and building affordable housing opportunities at ideal spaces and locations to ensure that our target market would be able to experience the convenience of location that is accessible to everything within the metro,” BigPat Development CEO Alfonso Bigeriego Patiño said in a statement.
After the slowdown experienced by the rental market due to the pandemic, the company is optimistic of recovery as the economy opens up.
“As the country faces improvement on the numbers of COVID cases, we are optimistic that there will be a steady growth again for the property industry that can catapult our business into helping more individuals who are looking for both short and long-term accommodations,” Jaime González, COO of BigPat Development, said.
“We are hoping to be able to launch both developments (Araro and Honda) by second half of 2022,” he added.
BigPat Development describes itself as an “affordable high-rise developer.” It completed its first dormitory project with 44 units in 2016, and its flagship dormitory with 1,182 bed spaces in 2020. Both are located in Pasay City.