Bonifacio Global City is a 240-hectare mixed-use estate and central business district located in Fort Bonifacio, Taguig, Metro Manila. It serves as one of the Philippines' premier commercial, residential, and lifestyle hubs, housing the Philippine Stock Exchange and numerous multinational corporations.
Market Profile
BGC ranks among the most valuable real estate markets in Metro Manila:
- Total Area: 240 hectares (approximately 2.4 million sqm)
- Daytime Population Capacity: 500,000 workers and visitors
- Residential Capacity: 250,000 residents
- Average Condominium Price: PHP 180,000–350,000 per sqm (prime locations)
- Office Space: Grade A office buildings with rents ranging PHP 1,000–1,500 per sqm/month
- Major Developments: Grand Central Park, Uptown Bonifacio, Forbes Town Center, Bonifacio High Street
The district features the Metrobank Center, currently the tallest building in the Philippines, along with world-class amenities including St. Luke's Medical Center–Global City.
Key Developments and Townships
- Bonifacio High Street – Retail and lifestyle core with high-end shops and restaurants
- Grand Central Park – 10-hectare New York-inspired mixed-use development
- Uptown Bonifacio – 15-hectare township by Megaworld Corporation
- Forbes Town Center – 5-hectare Megaworld residential and commercial community
- Serendra – Residential condominiums by Ayala Land
Key Regulations
BGC falls under the jurisdiction of Taguig City following the Supreme Court's April 2023 ruling that permanently settled the territorial dispute with Makati City.
Regulatory bodies governing real estate transactions in BGC include:
- DHSUD (Department of Human Settlements and Urban Development) – Oversees pre-selling compliance and licensing
- BIR – Handles Capital Gains Tax, Documentary Stamp Tax, and Withholding Tax on property sales
- Taguig City Local Government – Collects Real Property Tax (Amilyar) and issues business permits
Titles in BGC are issued as either TCT (Transfer Certificate of Title) for house and lot properties or CCT (Condominium Certificate of Title) for condominium units.
History and Development
The land now occupied by BGC was originally part of Fort William McKinley, a US military installation established during the American colonial period. After Philippine independence in 1946, it was renamed Fort Bonifacio after national hero Andrés Bonifacio.
In 1992, President Corazon C. Aquino signed Republic Act No. 7227 (Bases Conversion and Development Act), creating the Bases Conversion and Development Authority (BCDA) to convert military reservations into productive economic zones.
Key milestones:
- 1995 – Fort Bonifacio Development Corporation (FBDC) formed as a joint venture between BCDA and Metro Pacific
- 2003 – Ayala Land and Evergreen Holdings (Campos Group) acquired Metro Pacific's stake
- Present – FBDC, now controlled by BCDA, Ayala Land, and Evergreen Holdings, oversees BGC's master planning
Relevance to Real Estate Brokerages
BGC represents a high-value market for real estate service practitioners in the Philippines. Brokerages operating in BGC benefit from:
- Premium Property Values – High-end condominium units and office spaces command premium prices
- Strong Rental Demand – Multinational corporations and expatriates create consistent rental demand
- Training Requirements – The district's complexity requires agents to undergo specialized training on pre-selling regulations, equity payment schemes, and developer accreditation processes
Real estate brokerages with offices in BGC often distribute training content across multiple locations in Metro Manila to ensure their agents understand this premium market.
Property Listings
Browse available properties in Taguig: /for-sale/metro-manila/taguig
Related Terms
References
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