Property Overview
A 20-storey commercial office building located at the prominent corner of Dasmarinas and Quintin Paredes Streets in Binondo, Manila. The building features state-of-the-art facilities including centralized air conditioning, 24/7 security, and multiple elevators. Ground to 2nd floors serve as commercial area, 3rd to 5th floors provide parking, and 6th to 20th floors contain office spaces. The property generates approximately ₱2.4 million in monthly rental income with major tenants including Shopee and UnionBank. Situated at a highly visible location at the entry point of Binondo from Taft and Roxas Boulevard, the building is highly accessible for commuting employees and business operations.
Location & Neighbourhood
- Full Address208 Dasmarinas Street, Corner Quintin Paredes Street, Binondo, Manila
- SubdivisionBinondo
- City / MunicipalityCity of Manila
- ProvinceMetro Manila
- Zip Code1006
- Walkability Score85
Nearby Places
- LRT-1 Carriedo Station0.5 km5 minutes
- Jones Bridge0.3 km3 minutes
- Lucky Chinatown Mall1 km15 minutes
- Intramuros2 km20 minutes
- Rizal Park2 km25 minutes
- Fort Bonifacio8 km45 minutes
About the Neighbourhood
Binondo is Manila's historic Chinatown and the oldest Chinatown in the world. The area is a vibrant commercial and financial district with numerous restaurants, shops, banks, and office spaces. Located at the entry point of Binondo from Taft and Roxas Boulevard, the area is highly accessible with excellent transportation links. The neighborhood features both heritage buildings and modern commercial establishments, making it an ideal location for business operations.
Flood Risk Information
Binondo is located in a low to moderate flood risk area. While the district experiences occasional flooding during heavy rainfall, particularly in low-lying areas near the Pasig River, the property at Dasmarinas and Quintin Paredes is elevated and has proper drainage infrastructure. Residents and businesses are advised to monitor weather updates during typhoon season (June-November).
Legal Documentation
Zoning Information
Commercial Zone - Office and Retail permitted uses
Additional Information
- Reason for SellingBuilding sale for investment diversification
- Pet PolicyNot applicable - Commercial office building
- Renovation HistoryThe building maintains modern facilities with centralized air conditioning and recent upgrades to security systems.
- Storage SpacesMultiple floors for storage and document management
- Cultural HeritageThe G.A. Cu-Unjieng Centre is historically significant as part of Binondo's heritage as the world's oldest Chinatown. The building is part of the historic landscape of Manila's financial district.
- Accessibility NotesBuilding features disabled restrooms and accessibility considerations. Elevator access to all floors. Near public transportation at LRT-1 Carriedo.
Market Insights
Rental Potential
Historical Price Trends
The commercial real estate market in Binondo has remained stable with strong demand from both multinational corporations and local businesses. The Union Bank Centre maintains competitive lease rates at ₱450/sqm with additional air-conditioning dues of ₱110/sqm.
Future Development Plans
Binondo is undergoing gradual modernization while preserving its historical character as the Philippines' oldest Chinatown. Planned improvements include better transportation infrastructure and revitalization of heritage buildings. The district remains a prime location for financial and commercial operations in Metro Manila.