Jaro, Iloilo City's culturally rich and heritage-laden area, is experiencing a revival. While it is known for its historical significance and architectural beauty, the seat of Roman Catholicism in Western Visayas is gaining popularity for another reason.
This time, many see Jaro as a burgeoning growth center given the influx of commercial and residential developments, infrastructure investments, and opportunities that will help enhance the quality of life.
Emerging economic hub
The picturesque Jaro district is part of Iloilo City, whose economy has been growing over the last decade.
One of the city’s biggest economic growth drivers is its IT and business process management industry. In fact, Iloilo City was named as “Center of Excellence” and is poised to become the country’s third-largest outsourcing hub by 2025–which only means more quality jobs for the province. Add to that the rising remittances from overseas Filipino workers, and you have a local economy poised for steady growth.
These developments are now helping improve the purchasing power of the market, whose tastes and preferences are also evolving. Happening alongside this is the surge in commercial and residential developments to serve the needs of the local population. The malls, leisure hubs, as well as condominiums and villages rising in the city are thus catering to a growing demand, while also helping elevate the Ilonggos’ way of living.
Such growth is now extending to the districts including Jaro, seen by many as a desirable place to live and invest in. More so now as SM Development Corporation (SMDC) is further priming Jaro by bringing its expertise of creating vibrant communities.
Prime mover of growth
And it is to be expected. SMDC, a prime mover of Iloilo City’s growth, launched in 2019 Style Residences, its first development in the city located within the SM City Iloilo complex.
Showcasing its commitment to the city, the conglomerate is set to open its second mall—the SM City Jaro, which is set to open before the end of the decade. Complementing this is SMDC’s second project in the city called Glade Residences—a remarkable addition to the progressive landscape of Jaro that will offer discerning investors with bright prospects in real estate.
Rising in a city known for its rich history and cultural heritage, Glade Residences is shaping up to be a beacon of modernity, promising to redefine the way people experience urban living. It presents a complete, convenient lifestyle befitting the growing needs of young professionals and starting families in Iloilo. It’s ideal for those seeking balance and vibrancy in such a progressive district.
Whether you choose a studio or a one-bedroom unit, you get to enjoy an array of thoughtfully curated recreational and wellness facilities. The clubhouse, linear parks and lush gardens, jogging paths, pools, and a basketball court are just among the amenities that will enable you to embrace a well-rounded, enriching lifestyle.
After all, this masterplanned community will benefit not only from nearby institutions and infrastructure projects in Iloilo City, but also from the array of retail, dining, and leisure options that SM City Jaro can offer.
Such a strategic location will not only enhance lifestyles but will also present a potentially lucrative investment option.