With so many residential enclaves found in this metropolis to serve as home to its growing population, (housing issues aside, but that’s another story) a few can perhaps rival the colorful history and vibrant atmosphere of this residential community in the southern part of the metropolis. Today, the Urban Roamer will be exploring BF Homes Parañaque. which was also known largest residential community, even in Asia.
Beginnings of BF Homes
Telling the story BF Homes Parañaque would not be complete without mentioning the pioneering efforts of the man who envisioned it, Tomas Aguirre. Coming from a family whose business was, and still is, mainly in the pawnshop business, he wanted to venture beyond the pawnshop business, Thus, he established Banco Filipino Savings and Mortgage Bank* in 1964. With its innovations introduced in the Philippine banking industry, the bank soon became one of the top savings banks in the country, and its success gave Aguirre the needed capital to venture in a new business: land development.
Aguirre set his sights to develop on what was then a sprawling 768-hectare agricultural land in straddling mainly Parañaque and neighboring towns of Las Piñas and Muntinlupa. With Banco Filipino’s stellar reputation then, he decided to append the bank’s initials in the realty development he established: BF Homes Incorporated. What was to become BF Homes was opened up for sale in 1968; from then until the 1970s sales skyrocketed as more and more families settled in, transforming a vast farmland into a bustling residential community of mostly middle-class households.
Along with the bustling property sales and the growing population in the area as a result, the BF Homes area, and southern Greater Manila as a whole, experienced a significant boost in commercial activity.