The pandemic may have impacted businesses across industries but 2021 brings with it a more optimistic outlook. In a report published by property listing website, Lamudi Philippines, condominium listings climbed by 21.86% in 2020. The report attributes this rise to an increased supply in locations with planned construction and infrastructure projects.
In their 2021 outlook report, real estate consulting group, Colliers, also cites the implementation of these infrastructure projects within and outside Metro Manila as a major factor in the industry’s growth. Development is of course a cornerstone of economic development. Furthermore, Colliers’ report cites the Philippine government’s optimism in light of the vaccine rollouts.
In addition to these, the Colliers Quarterly Property Outlook Report for Q4 2020 states that mid income-to-luxury residential developments accounted for 86% of pre-sales take-up. That’s up from 72% in 2019. As a result, Colliers describes this segment as a demand-driver that will go beyond 2020.
If you are looking to invest in a property in the Philippines, here are more reasons why you should consider this option.
The Buyer’s Market
With an increase in new developments, investors have a wealth of options to consider. If you intend to buy through a bank loan, financial institutions have also begun offering flexible terms to encourage investments. Conversely, cash buyers can take advantage of developer discounts on upfront payments.
However, an abundance of choices also calls for a more thorough assessment of the property you choose to invest in. In the next section, we go into further detail on the factors that will grow the value of a property over time.
In an article published in the Philippine Daily Inquirer, CEO of Lobien Realty Group Sheila Lobien points to the sustained land values of key cities within Metro Manila despite the pandemic. This includes business districts such as the Makati Business District, Bonifacio Global City in Taguig, and Alabang. Lobien also points to emerging development hubs such as Pasig and Quezon City.
This is good news for investors as it is an indicator of expected value appreciation in coming years. Not to mention the economic activities that will warrant an increase in rental demand.
If, after looking into the factors that inform a good investment, you are confident that now is a good time to acquire a property, you can further refine your options to a choice of developer.
But first, consider this: what should you look for when deciding on a developer to purchase properties from?
What to consider when buying a condo
When buying property, look into the developer’s track record. An established developer such as Rockwell Land has properties across the country, including Makati, Pasig, Quezon City, as well as key cities outside Metro Manila, such as Laguna and Batangas, as well as in the Visayas region – Bacolod City and Cebu.
With Rockwelll’s proven track record in premium real estate, you can expect the value of your investment to appreciate.
Firstly, the location of Rockwell developments are strategically located in areas bustling with economic activity and infrastructure.
Second, Rockwell’s well-appointed condominium units, some of the most coveted in the country, are noted for their premium finishes, high ceilings, luxurious design, and spacious cuts. In fact, Rockwell condominiums are among the top choices of expatriates for their housing options.
Third, Rockwell delivers a distinct experience for its residents. Homeowners and lessees can expect topnotch security, safety and privacy. The developer’s commercial properties, a key feature in its communities, also contribute to what is known to be the distinct,signature Rockwell lifestyle.
All the factors mentioned above continue to inform the value appreciation of Rockwell properties. This makes a Rockwell property a worthy investment, whether you plan to lease it out or sell in the future.
Thanks to strategic locations, usually in close proximity to business and commercial centers, schools, and special economic zones like PEZA, investors can benefit from a greater pool of potential lessees. This includes local professionals, expats, and their respective families.
For example, locations close to business process outsourcing (BPO) centers can expect an influx in housing demand. In an interview with CNN, real estate brokerage, Leechiu Property Consultants CEO David Lee Chiu, cites the “sustained expansion” of the BPO industry. An increased demand for the services of these BPOs is expected as countries in the west, such as the US, outsource some of their business functions to cut costs amid the pandemic.
Other potential lessees include discerning individuals in need of halfway homes, not to mention newlyweds and growing families looking to move into larger condominium units.
Invest in a property with Rockwell
Now is a good time to stay ahead of the pack and invest in one of the foremost developers of Philippine real estate.
Choose from the artfully-designed residential units of Proscenium, which features the world-class architecture of Carlos Ott; or opt for a serviced apartment at Rockwell’s luxury short-term homestay development, Aruga Apartments, and its beachfront counterpart, Aruga Resort and Residences-Mactan.
Perhaps, you may want to consider the resort-inspired community of The Grove by Rockwell, located a few minutes away from the Ortigas Business District, or the family-friendly community of The Arton, conveniently located near the country’s top universities in Quezon City.
Find the Rockwell community that best suits your needs. Look into our extensive portfolio of condominium units in key locations across the country. Let’s talk today!