Makati City has long been recognized as the country’s financial and business capital, home to leading corporations, multinational firms, and some of the most exclusive residential developments in the Philippines. But as new districts like Bonifacio Global City (BGC) and Filinvest City continue to grow, Makati is moving to update its urban policies and remain competitive.

One of the most significant steps in this modernization push is the planned revision of zoning laws and removal of outdated deed restrictions within the Makati Central Business District (CBD). These changes could open the door to a new wave of development and investment, creating opportunities for both local and international stakeholders.

Development Potential Ahead: What’s Changing?

Portions of Makati CBD remain constrained by legacy deed restrictions that limit building heights, land use, and floor area ratios. Initially intended to preserve a uniform skyline and control urban density, these rules have become less compatible with modern city planning and the evolving demands of businesses and residents.

By May 2025, these restrictions are expected to be lifted, paving the way for taller, more efficient, and environmentally conscious buildings in areas that were previously regulated. This change brings Makati in line with the vertical growth models already seen in BGC and other emerging business centers.

In parallel, the Makati City government, along with major estate associations, is expected to revise the official zoning code, encouraging the development of mixed-use, commercial, and high-end residential projects that support a more dynamic and responsive urban landscape.

What This Means for Developers and Investors

These upcoming reforms could lead to stronger demand for land and assets in Makati, as developers gain the flexibility to make the most of their sites. In many major cities, similar changes have led to increased development activity, higher land values, and an influx of investment.

With a new framework in place, developers will have the opportunity to maximize buildable space and design future-oriented projects—from premium office towers and luxury residences to integrated communities that meet modern environmental and technological standards.

This transformation will further support Makati’s status as the country’s most desirable address for business, allowing it to compete more effectively with BGC and other urban centers for both local and multinational tenants.

Impact Beyond the Commercial Market

The residential market is also expected to benefit. As land use becomes more flexible, developers will be able to respond to growing demand for upscale homes in central locations.

This could lead to the rise of new high-end condominiums and mixed-use developments that provide residents with better access to work, retail, leisure, and essential services—enhancing Makati’s appeal as a complete live-work-play environment.

Infrastructure and Market Readiness

Makati’s strategic advantage lies not just in its business credentials, but also in its robust infrastructure. With excellent access to major roads, public transport, airports, and commercial centers, it is well-positioned to support new development activity.

The expected interest rate cuts by the Bangko Sentral ng Pilipinas (BSP)—bringing borrowing costs down to 4.75%–5% by end-2025—will further support project feasibility by making real estate financing more accessible. Developers can take advantage of this window to pursue new builds or redevelop aging assets into modern, high-performing properties.

A Strategic Opportunity for Forward-Thinking Stakeholders

Makati’s upcoming zoning reforms reflect a broader trend toward more sustainable and progressive urban planning. These changes are expected to reshape the city’s skyline, enhance its long-term economic appeal, and reinforce its leadership in the Philippine real estate sector.

For investors, developers, and property owners, now is the time to evaluate asset strategies and plan future developments in anticipation of this shift.

Curious about how Makati’s evolving zoning landscape could impact your portfolio or next project? Our team of experts can provide market insights, feasibility analysis, and strategic guidance to help you make the most of these upcoming changes. Get in touch with us today to explore new possibilities in one of Metro Manila’s most valuable business districts.