Makati City, also known as Makati, lies in the heart of the vast Metropolis of Manila. The city is known for its upscale shopping malls with high fashion brands, restaurants, hotels and is home to many affluent Filipinos. Makati is considered to be the center of financial, commercial and economic hubs and home to the "Philippine Stock Exchange" (PSE).
Makati City's cost of living is significantly higher than its neighboring Filipino cities, owing primarily to its skyrocketing real estate value and relatively upscale commercial and residential selections. However, compared to other major cities of the world, Makati offers service, accommodations, and value that is not that expensive compared to other upscale cities in the world. Furthermore, bargains comparable to other Philippine cities may be found in certain areas in Makati, such as in the Makati Cinema Square, The Landmark, Cash & Carry, and Guadalupe Mall, that will make a stay in Makati even for the most jaded backpackers more than economical.