Invest a Property in Metro Manila: 13 Reasons to Pursue Real-Estate Investment
May 11, 2021
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With all of the fuss in 2020, many people are constantly searching for stable and profitable investment opportunities. There are numerous investment options available, with real estate being one of the most common. Real estate investing is the owning and operation of real estate to gain. It can be in the form of land appreciation, rental/lease, or flipping. The trick to making the most of your real estate investment is to identify, invest in, and leverage existing opportunities such as discounts, promotions, and business intelligence. Invest a property in Metro Manila, today.
In recent years, homebuyers and investors have taken to real estate as a safe harbor for their future and wealth. It’s arguably safest to invest a property in Metro Manila because of the good rental returns and increasing capital appreciation value. Purchasing a condo in Metro Manila is an excellent place to begin.
Although Manila has a huge population, still the supply of premium condominium developments are still lesser than the demand. In Manila, you can find any kind of resort-inspired condominiums you want in accordance to its size or price range.
You have been earning with enough hustles on the roadside all your life. For this reason, it is now the time to make money work for you. Thus, you should be aware that it will be a bright idea to invest a property in Metro Manila. Likewise, land value continuously appreciates over time because of the infra and business developments.
Why Invest in a Property in Metro Manila?
It is important for those considering investing a property in Metro Manila to understand that it is a serious industry. As opposed to the other investment firms such as investment trusts, bonds, and small-scale home firms, it has high initial capital and poor liquidity, making it difficult to handle. Nonetheless, investing a property in Metro Manila is the most lucrative growth available. Despite the latest COVID-19 pandemic, most consumers will continue to purchase more homes. Therefore, it will be the best chance to take advantage of the market’s current state by investing a property in Metro Manila before the real-estate costs rebound and spike.
13 Reasons to Invest a Property in Metro Manila
There are significant reasons you should look into as you invest in a property in Metro Manila.
Condominium developments in Metro Manila are usually near public transit hubs, schools, and other important institutions. Thus, it is making it very easy for city dwellers to get around. They also have a revitalizing urban living atmosphere in which all you need is either right outside your door or just a short distance away. All are conveniently located near the condo development. From offices, shops, fitness centers, restaurants, and cafes to colleges, clinics, and parks, convenience is indeed within reach. Consequently, it will save you time, money, and even the hassle of everyday commute and traffic.
Developers want their condominium projects to be in vantage points such as in urban areas with a plethora of industry, lifestyle, and retail options. Likewise, top developers build condos in mixed-use and master-planned communities with a lot of commercial activity. Investing in a property in Metro Manila within a prime location attracts a market keen to live near comfort and accessibility.
Having a plethora of investment options might be overwhelming, especially if you are a first-time investor.
In choosing the right property investment, you should very well consider affordability. In this way, you will be able to manage your finances both for your conveniences and mortgages.
COHO by Vista Land is crafting vertical communities in Metro Manila with premium condo homes that are intended to improve Filipinos’ quality of living. In fact, even the young entrepreneur can now buy a condo. As a result of their success, architects have started to build condo developments for people of all income levels. With these myriad of condo choices, it will now be easier to invest a property in Metro Manila.
On the other hand, there are luxurious condos where wealthy buyers can benefit greatly. Some schemes are competitive that deliver prime prices, flexible payment conditions, and in-house funding, and the like. Investors can find better options and lower prices in the condo market than they can in buying a house and lot. You may also select which income group to target from a variety of options available on the market.
One of the most appealing features when you invest a property in Metro Manila is its flexibility. This is where upgrading comes in.
When you are able to upgrade your properties may it be either structural or aesthetical, it will surely increase in value.
4. Capital Value Appreciation
As you improve or upgrade your property, you may resale or place it under for rent unit/property. Property investment serves as a form of inflation protection. Your rental income and land valuation will also rise dramatically as a result of high inflation. Your cash balance will increase as the cost of living rises.
Unlike other investment instruments, you can greatly raise the value of your property by spending capital on it.
Several economic forces have combined to create a thriving condo market. There’s the rising middle class; the continued rise of OFW remittances, allowing OFWs with enough money to purchase real estate; and foreign investors flocking to the Philippines to take advantage of the country’s growing economy.
As a result, condos in desirable areas have a high resale value in these industry segments. They’re still in high demand as a result of the recent migration of jobs moving from the countryside to cities, as well as people who choose to move closer to work rather than commute every day.
5. Rising Rental Rates
When you in invest a property in Metro Manila, you should know that you can lease residential units. Consequently, it produces some of the best yields as compared to other areas. One of the factors is its situation within a Central Business District (CBD).
Having a property in a strategic spot is giving a great vantage point for end users and wise investors alike.
6. Minimal Upkeep
The cost of upkeep is one of the biggest deterrents for real-estate developers. In condos in the Philippines, the unit owners share the burden of land. In fact, some condos have in-house maintenance and repair.. Hence, the community shares with the maintenance costs. However, the unit owner will shoulder any interior upgrades. Furthermore, expect that there will be no future repairs since the majority of condos in Metro Manila are relatively new.
7. Comfort and Accessibility
In the Philippines, the majority of condos are located near industrial centers. On the other hand, there are condos within the school or office premises. People who live here have better access to hospitals, hotels, cinemas, and shopping malls. Surprisingly, most residents who rent or purchase homes in these places have value getting access to convenience.
Millennials, or today’s young adults, follow a new set of guidelines and have different standards, as can be seen in the housing market. Quick commutes, walkability, and convenient access to facilities are essential to them. Their housing options are defined by cost-effectiveness and convenience, which is why they favor condos over other types of properties. Millennials are the most active generation. With so many possibilities and problems surrounding them, most of them would like to live anywhere where they can get whatever they need whenever they want it. They would rather live in and invest in a second home in Manila, where they would easily access goods and services without having to leave their home.
Having resort-inspired condo amenities is the best way to have a breather after a day’s work. Furthermore, it gives a certain value-for-money returns as you invest a property in Metro Manila.
Protection isn’t just about how tightly you protect your windows and doors; it’s also about how neighbors, landlords, and neighborhood security services and manpower work together to provide a secure living atmosphere. Condominiums in the Philippines are more secure than many other types of land. People instinctively choose to settle in communities where their protection is guaranteed as the population grows. In the Philippines, condos are fitted with surveillance and CCTV cameras that operate 24 hours a day. Security guards are easily visible in the area, especially in blind spots. Per corridor is also equipped with smoke detectors and fire sprinklers. As a consequence, renting or selling a home like this is much easier.
9. Infrastructure Innovations
The government’s “Build, Build, Build” scheme, which seeks to reduce traffic and pollution in Manila, has benefited the real estate sector significantly.
LRT-1 Cavite Extension is one of the major infrastructure projects currently underway, and it is expected to reduce travel time from Cavite to Manila and vice versa from 1 hour and 10 minutes to just 25 minutes, making it faster and more comfortable to enter and exit the metro. These infrastructure developments will, in the long run, enhance accessibility and mobility, which will undoubtedly increase the land appeal and push up property prices.
10. The Rise of the Entertainment City
The Entertainment City is expected to become Metro Manila’s next big central business district, following in the footsteps of Bonifacio Global City, where real estate demand has skyrocketed. Global ex-pats who have relocated to the Philippines to work in the Entertainment City, which is tipped to become the country’s next best bet for tourism and gaming, are driving up demand for residential properties in the province. Apart from casinos and hotels, it is also said that business process outsourcing (BPO) buildings and international schools have sprouted in Manila to capitalize on the real estate boom generated by Entertainment City. Due to expected valuation growth, this can be seen as a positive opportunity for a rental income company and land investment.
11. Substantial Returns
If you are first-time buyer or you are just starting as a family, you may opt to consider affordable condo properties that will suit your budget greatly. However, if you want to purchase a premium condo that offers exclusive and modern living, then expect for a higher substantial returns.
When you invest a property in Metro Manila, you can make use of it as a passive income generator. There are two lucrative options that you can consider for this. First, flipping. Second, leasing.
The former can be done when you renovate or upgrade your unit and resell it with a higher price. On the other hand, the latter can be a steady source of income. Furthermore, leasing a unit is attractive to young professionals as it will give them the ease of going to work and having other lifestyle conveniences.
12. Retirement Oasis
When you buy a real estate, the cash balance is lower and your mortgage principal is reduced further. The debt is paid off or paid off over time, and the cash flow improves. In certain ways, it’s a pressured investing scheme that yields a larger sum over time, making it an ideal retirement investment because it generates more cash flow.
13. Value-for-Money Investment
To accommodate Metro Manila’s rising working population, there is already a massive and growing demand for housing.
Many citizens from neighboring provinces such as Cavite, Bulacan, Rizal, and Laguna work in Makati, Mandaluyong, Ortigas, and Taguig’s Central Business Districts. And these people are looking for a place to remain close to their place of business, which provides another source of revenue for those who will invest a property in Metro Manila and lease out their properties to them. Above all, find a neighborhood such as COHO by Vista Land that welcomes fur babies.
Secure Your Premium Investment
Are you now convinced with the advantages of investing a property in Metro Manila?