Major property developers are optimistic that recovery will begin in the second quarter. People getting their COVID-19 vaccines, as well as the expected completion of major public infrastructure projects, are fueling this confidence.
Smart investors are on the search for the ideal home with increased vigor.
Here are five reasons why investing in a Manila home makes sense.
1. A myriad of possibilities.
Whether you're a first-time visitor to Manila or a balikbayan who's been abroad for a long, you already know that a taste of the Philippines is incomplete without a stop in the capital. This city boasts everything the country has to offer in terms of history, culture, legacy, architecture, and commerce.
Daniel Burnham, an American urban planner, was in charge of masterplanning the city.Manila, like Baguio, Chicago, and downtown Washington, D.C., offers a diverse range of options to suit the needs of visitors and residents alike. Travel back in time and marvel at centuries-old architecture in Intramuros, eat a gastronomic feast in Binondo, shop at local markets or in the city's many malls, visit the National Museum and the National Library, attend cultural performances, and relax in one of the city's numerous parks.
2. A long and illustrious past leads to an even more illustrious future.
Many firsts may be found in Manila, including a university, light station, lighthouse tower, water system, hotel, oceanarium, stock exchange, flyover, zoo, pedestrian underpass, and Southeast Asia's first rapid transport system.
Manila has maintained its economic vitality over the years, making it one of the most sought-after cities for investment and residence. Globalization and the Worst
The proximity of important government institutions, such as the financial center, foreign affairs, tourism, and the Presidential Palace, makes doing business in Manila considerably easier.
3. A guaranteed high return.
According to Leechiu Property Consultants (LPC), the property market in Manila is expected to boom. LPC discovered in a 2020 study that in the height of the epidemic, 88.3 percent of the 16,338 condominium units scattered over 26 active developments were sold. With only 314 units left unsold, Roxas Boulevard appears to offer the best value in the mid-high property development class.
According to LPC, the price of homes on picturesque Roxas Boulevard has increased by 27% year over year. In 2010, land was worth P35,000 per square meter; by 2020, it will be worth P450,000. The annual rate of capital appreciation is around 200 percent. The rental yield ranges from 7.5 to 9.3%.
4. A promise of things to come that will be better.
Homebuyers may expect even more connectivity with PhP9 trillion worth of road development in the pipeline, as it is located in the heart of trade and has easy access to the rest of Metro Manila. This includes 146.7 kilometers of road networks split across 12 infrastructure projects, all of which are expected to be completed within the next two years. These infrastructure initiatives are estimated to create ten million employment over the next ten years.
5. A residence that blends the finest of Manila and more together.
There is no better time to invest in Manila real estate than now, and SMDC, the 2020 Property Developer of the Year, has the ideal house - Sands Residences, which is positioned along Roxas Boulevard and offers residents a daily view of the gorgeous Manila Bay sunset.
SMDC Sands Residences is a 51-story building with hotel-style living. You have a front desk and on-demand services at your disposal to make you feel like the VVIP you are.
Your Sands Residences house is tastefully decorated to complement the surrounding environment. With the high ceiling and vast foyer that perfectly mixes the sunset and a swan, you instantly receive a sense of grandeur.
It features an integrated retail complex with shops and restaurants, a grand lobby, a pool, a gym, event rooms, and a sunset lounge overlooking Manila Bay, just like a world-class hotel. Enjoy cocktails and drinks with companions at The Bar, or simply take in the sights: a spectacular sunset and cityscapes framed by pockets of greenery.
SMDC Sands Residences has a skilled property management team on call 24 hours a day, seven days a week, so you, your renters, and out-of-town visitors can be assured of security, maintenance, and upkeep throughout the year. If you wish to rent out your unit while you are away from home, Prime Key Leasing Services will handle all of the paperwork, logistics, and other arrangements.