New Zonal Value of Properties covering RDO 50 South Makati (Urdaneta Village)

The smallest barangay to complete Cluster 1 or Central Cluster is Barangay Urdaneta with a total land area of 0.7399 square kilometers.  It is one of the first centrally planned communities together with Forbes Park, San Lorenzo and Bel-Air which was established in the 1950s by the Ayala Family. Originally, Urdaneta and Bel-Air is form part of a single village called “Beldaneta”.

The barangay is bounded by the roads of EDSA, Ayala Avenue, Makati Avenue, and Buendia Avenue. Its bounding barangays are Bel-Air (north and west), San Lorenzo (south), and Forbes Park (east).

Its primary use is considered purely residential same with Barangay Dasmariñas. Its main revenue source comes from real property tax and internal revenue allotment. The Mandarin Oriental and the Peninsula Hotel the noticeable establishments in the area.

Source: http://www.makati.gov.ph/portal/main/index.jsp?main=33&content=0&menu=0

Name of Building Residential Commercial Parking
Atrium of Makati 100,000 110,000 77,000
Discovery Primea 250,000 300,000 180,000
Le Parc Apartments 100,000 110,000 77,000
One Roxas Triangle 195,000 234,000 164,000
Pacific Plaza Ayala 125,000 150,000 105,000
Somerset Olympia Makati 100,000 110,000 77,000
The Makati Tuscany 112,500 138,000 97,000
The Ritz Towers 120,000 142,000 99,500
The Twin Towers 150,000 180,000 126,000
Urdaneta Apartments 120,000 144,000 101,000
Zuellig Buildinig 230,000 150,000

Notes:

  1. All condominiums were already identified, thus there are no condominiums to be classified as “Other Condominiums” as of 7th Revision, Developer/Owner of condominium project built after the effectivity of this revision shall request for assignment of zonal values (ZV) from the members of the Technical Committee of Real Property Valuation (TCRPV).
  2. ZV for penthouse is 110% of CC, or in the absence thereof, 110% of RC.

New Zonal Value of Properties covering RDO 50 South Makati (Forbes Park Village)

Barangay Forbes Park, which was established in early 1940s, is one of the first villages to be developed by Ayala Corporation. It was named after an American Governor-General assigned in the Philippines – William Cameron Forbes.  It has a land area of 2.5 square kilometers with a population density of one (1) person per 1,000 square meters. Based on the 2010 Census of Population, Forbes Parks has 2,533 residents.

Purely residential in use, Forbes Park is considered as one of the oldest settlement in Makati and is renowned to be the home of the Philippines’ flushest families and well-known diplomats and expatriates business executives. Famous landmarks of Barangay Forbes Park include the following: Manila Golf Club, Manila Polo Club, Santuario de San Antonio Parish, San Antonio Plaza Arcade, Kasiyahan Homes, Manila Polo Townhouses, and the more than a hundred century old Acacia Trees.

Source: http://www.makati.gov.ph/portal/main/index.jsp?main=19&content=0&menu=0

Name of Building Residential Commercial Parking
Kasiyahan Condominium 205,000 143,500

Notes:

  1. Developer/Owner of condominium project built after the effectivity of this revision shall request for assignment of zonal values (ZV) from the members of the Technical Committee of Real Property Valuation (TCRPV).
  2. There is no commercial and business establishment in Barangay Forbes Park