Bonifacio Global City (BGC) is the flagship project of Bases Conversion and Development Authority (BCDA). Along with Ayala Land, Inc. and Evergreen Holdings, Inc., BCDA conceptualized their version of an ideal city as they transform this former military base into premier center of economic growth.
BGC has Fort Bonifacio Tunnel which is hidden underneath the streets that traverse C-5 and Kalayaan Avenue. The Heroes’ Cemetery is also located in the area which is a memorial ground for Filipino soldiers who fought during World War II as well as for Philippine Presidents and other honorable Filipino citizens. American soldiers who risked their lives during the same era have been buried at the Manila American Cemetery and Memorial, also located within the city.
As of 2015, BGC has produced 2,143 graduates. The accessibility to neighboring cities such as Cavite, Laguna and Rizal (via SLEX and C5 road) has allowed both BGC and Mckinley Hill to attract more students, producing 45,424 graduates in total.
In Taguig, where BGC and McKinley Hill are located, population density within a 5-kilometer radius is 20,389 persons per square kilometer with a population of 805,000. Because of this, BGC is being considered as the fastest growing highly urbanized city (HUC) in the region with an average annual population growth rate (PGR) of 4.32%.
BGC is directly linked to Manila’s two major highways: EDSA and C5. There are seven major access points in the area which include Kalayaan Avenue from the North, Kalayaan Flyover via EDSA and Makati, McKinley Road from the West, the three gates from C-5 Highway from the east, and via the Airport through Villamor Air Base from the south.
A world-class hospital is within reach as St Luke’s Medical Center, Inc. is located within the area. BGC also boasts remarkable international educational institutions including the British School Manila, International School Manila, Manila Japanese School, Korean International School Philippines, Everest Academy Manila and MGC-New Life Christian Academy. At the same time, University of the Philippines and De La Salle University recently opened their extension campuses in the area.
In terms of residential condominiums, there are a lot of properties to choose from, which include: One Uptown, Blue Sapphire, Sapphire, Crescent Par, Luxe, Ascott, Verve, Icon and Arya residences.
Hotels like SEDA and Shangrila at the Fort can offer 755 rooms and malls around Uptown Place Mall, Market! Market!, Venice Grand Canal Mall, Serendra, SM Aura and other commercial developments are designed for every resident to have the complete experience of the modern cosmopolitan living
The total number of office supply has significantly changed from 1,548,005.60 square meters in 2016, to 311,744.2 square meters in 2017. There are eight new buildings in BGC, namely: Arthaland Tower, Cyber Sigma, Finance Center, High Street South Corporate Plaza I, High Street South Corporate Plaza II, Menarco Tower, One Park Drive and The Curve (Irmo Tower) which will bring an additional 311,744.2 sqm of office space.
Due to slightly lower rental rates compared to Makati, demand for BGC is continuously increasing the demand for offices spaces.
The World Bank recognized Taguig as one of the best places in the country to do business in. In the institution’s most recent Ease of Doing Business study, Taguig ranked first among the cities in Metro Manila to have the easiest and least number of processes of putting up a business, besting richer and older cities.
Some of the biggest multinational companies which currently have offices located in BGC include JP Morgan, Deutsche Bank, Sun Life Corporation, Hongkong and Shanghai Banking Corp. Limited and Sony Philippines Inc.
Due to city’s business model of no corruption, lower taxes, better business policies and no “number coding” for vehicles, there is a high investor confidence in the area that leads for corporations to relocate their global, regional or national headquarters in the business district like Intellectual Property Office (IPO) and the Philippine Chamber of Commerce and Industries. Unilever, Globe, Citibank,Coca-Cola Bottlers Philippines Inc. and Eastwest Bank.