Soon to Rise: New Property Hotspots for Investments
“Location, location, location” is the key advice for real estate investments. Proximity to commercial and medical centers, access to major roads, and cost of living all figure into this important decision.
It helps to narrow down the list. While not as seemingly in-demand as top condominiums in BGC or Makati (be it both in terms of pre-selling and RFO), here are some locations that still show great potential for a good ROI. If you’re looking to invest in Philippine real estate, snap up these locations before their prices peak.
1. Quezon City
As the largest city in Metro Manila with a population of 3 million people, Quezon City richly deserves a place on this list of prime real estate investments. Its latest CBD was touted by a World Bank study to be “the center of gravity of all commercial activities in the coming years.” This district has it all: major shopping centers such as Trinoma Mall, your choice of internationally accredited hospitals, three major transit stations along main thoroughfares, golf courses, and parks. Once the MRT-7 train line is completed by 2019, Quezon City will see even higher foot-traffic and an uptick to its already considerable asset value of P31.92B. Small wonder that QC ranks second only to Makati as the richest city in the country.
Top pick: Take a look at Alveo’s Orean Place in Vertis North, an address master-planned for centrality, connectivity, and efficiency as QC’s new city center. Currently, Seda Vertis hotel and Vertis mall is fully operational for everyone to enjoy.
Also located near recreation centers like Ninoy Aquino Parks and Wildlife, one of the last lungs of a densely-populated metro.
2. Pasig City
Pasig has plenty to offer. For decades, Ortigas Center was the target commercial district and site of prime real estate investments for small businesses and large corporations alike. With the rise of BPOs, residential demand has shot up as well.
Pasig boasts of a perfect blend of residential and commercial spaces, with neighborhoods just minutes away from the business district. Given that, Zipmatch has rated Pasig residences in Maybunga, Kapitolyo, and Ortigas Center with high rental yields of 9.37 to 10.29%, beating the national average of 7%. Expect these figures to skyrocket as the P1.6B road project linking Ortigas Center to BGC nears its 2020 completion date.
Top pick:Portico in Pasig is the top pick on the investment list because of its access to the Pasig CBD, Kapitolyo, and the aforementioned Ortigas-BGC link.
Manila proving too crowded? It may be time to look elsewhere, and the relatively nearby province of Pampanga makes for a prime candidate. Located at the heart of Central Luzon, Pampanga straddles both the North Luzon Expressway (NLEX) and Subic-Clark-Tarlac Expressway (SLEX). It also has its own airport—Clark Airport—as a gateway to the rest of the world. And given its lower cost of living compared to Manila, Pampanga provides excellent real estate investments in the Philippines.
Apart from ease of travel, Pampanga is seeing robust growth in its population of 2.6 million, its agricultural and manufacturing industries (9.5% GDP; the rest of the nation’s GDP averages at 6.5%), and its BPO sector in the Clark Free Zone area. Angeles City and San Fernando in particular have seen a rise in shopping malls, resorts, and hotels.
The most exciting recent development, however, is the P12.55B expansion of Clark Airport slated for 2019, which may turn that area into Asia’s next aerotropolis. It’s little wonder, then, that Pampanga is seeing an enormous demand for real estate, with Ayala Land developing Alviera, a sustainable community in the municipality of Porac.
Top pick: Buy a lot in Alveo Land’s Montala, located in a key location within Alviera.
Those looking for peace and quiet outside the bustling city can consider the province of Laguna. The province is seeing an influx of housing projects as the demand for space heats up, particularly from OFWs looking for living spaces in the suburbs. Along with the manufacturing hubs and BPO offices, this has contributed to Laguna’s rank as the 8th richest province in the country. With the extension of the South Luzon Expressway Toll Road 4 (TR-4), this will mean easier access to and from southern provinces like Quezon and Batangas, contributing to the province’s wealth.
Arguably, Laguna’s greatest draw is its lush green countryside, relatively free from the traffic and air pollution that perennially plague Metro Manila. With a density of only 1,081.8 persons per sq. km., lots for sale in Laguna are found in naturally peaceful communities, a perfect fit for those looking to live in a quieter environment. It’s also close to popular tourist and vacation spots such as Tagaytay and Batangas, where a host of places for leisure and relaxation are just a few hours away.
Top pick:Aveia, in particular, offers a quaint community strategically close to both the Laguna Techno Park and Laguna International Industrial Park, while being only 15 km away from the Alabang CBD.
If your tastes run farther south, you can look into Mindanao’s industrial, commercial and financial center: Davao. Davao City boasts of a phenomenal 9.4% GDP, while its cost of living and doing business are 20% lower than that of Manila, according to Numbeo.com. Despite its 1.6M growing population, Davao City is also among the safest cities in Southeast Asia, with High Numbeo ranking in terms of Quality of Life and Low in terms of crime. This makes Davao a sound choice for real estate investments.
Davao City is a prime target of the current administration’s “Build, Build, Build” program. Already home to five top universities, an abundance of national banks, shopping centers, churches, park areas, and commercial districts, the city is also working with Japan to develop a P19.81B by-pass road that will cut travel time along major roads by nearly half. Along with other projects in the works, this will doubtless push up Davao City’s current asset value of P9.89B.
Top pick: Located in the Abreeza district, Patio Suites is a prime investment choice given its easy accessibility to the Abreeza mall, Seda hotel, and the Abreeza Corporate Center.
Every Alveo Land development — vibrant neighborhoods, groundbreaking living solutions, masterplanned communities — nurtures individuals and hard-earned investments with a singular vision: giving you a place for living well.
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