The role of infrastructure in the real estate landscape of Las Piñas City
October 9, 2020
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Amidst the entry of the Philippines into the recession, the country’s economic outlook remains resilient in the face of the pandemic. The reprioritization of economic growth drivers such as the Build! Build! Build! (BBB) Program is now seen to be the core fuel for a full economic recovery. Today, the program continues to usher in the “Golden Age of Infrastructure”. Its ambition to drive poverty reduction, economic growth, and decongestion is needed now more than ever to realize the new normal.
The rising number of big-ticket infrastructures in the key cities of Metro Manila is set to transform the country’s maturing landscape– including the future of the real estate industry. Needless to say, a core beneficiary of the BBB program are the investors of the residential property market. According to The Outlook’s Property Seeker 2018 Survey, the top reason for buying a condo is the location, followed by the quality of the property, value for money, and reputation of the developer. With the location as the main influence for condo buying, prime addresses such as Makati, Alabang, Ortigas, Pasay, and Las Piñas catch the attention of value-seeking investors who are attracted to a high return of investment.
Increases investment potential
In their 2019 Q4 residential report/u>, Colliers Philippines encourages investors to invest in locations that follow the trend of accelerated capital value appreciation in integrated communities in the Metro South. Likewise, they encourage real estate developers to build more mid-income (PHP 3.2 million to PHP 6.0 million or USD 62,700 to USD 117,600 per unit) projects in highly-urbanized cities areas like Las Piñas.
Similar to how the Bonifacio Global City (BGC) in Taguig, Filinvest City in Alabang, and The Bay Area in Pasay City progressed into fully developed central business districts, Las Piñas is now host to key infrastructures such as the upcoming LRT Extension, C5-Extension, NAIA Expressway (NAIAX), River Drive, and the C5 Southlink project—all of which make Las Piñas an investment hotspot for real estate opportunities such as condos for sale. The business potential of the infrastructure in Las Piñas will develop the landscape into the next prime address for central business districts, entertainment centers, and prestigious universities.
Gives birth to integrated communities and townships
In the midst of the new normal, living in an integrated community is now a top priority for investors when considering to buy a property. The 2020 Q2 residential report of Colliers Philippines reported that the pandemic has influenced and emphasized the need for masterplanned developments where investors can easily access essential goods and services. As the next location of interest for modern urban dwellers, starting families, and discerning investors, Las Piñas is home to integrated and masterplanned communities that redefine the upgraded residential experience of township living.
The key infrastructures of the BBB program will easily bridge Las Piñas to the rest of Metro Manila to address the demand for a more connected city-living experience. Indeed, living at the city’s fringes allows residents to enjoy unparalleled access to the city’s conveniences—all of which are made possible with Vista Land. As one of the Philippines’ leading integrated property developers and the country’s largest homebuilder, Vista Land is at the forefront of pioneering township developments that will further transform Las Piñas with an upcoming 100-hectare masterplanned development, the Vista Global South along the C5 Extension.
The Vista Global South is an integrated community that houses a groundbreaking set of lifestyle amenities such as the Vista Mall, Coffee Project, All Day Supermarket, All Home, Bake My Day, and Vista Cinemas. With all these and more, living next to Global South surely adds a premium to condo-living with COHO, Vista Land’s newest brand for beautiful and prime condominium developments in the highly-urbanized key cities of Metro Manila.
Reintroduces modern and exclusive condo living
At COHO, residents get to experience pleasure and fulfillment of their needs without delay. Leisurely traveling from city to city via the major road networks makes everything within reach and at one’s disposal — a privilege that guarantees an upgraded lifestyle experience only at The Hermosa COHO. This beautiful and posh vertical village is COHO’s luxury condo for sale in Pulang Lupa Uno, which is replete with resort-inspired amenities that introduce a modern and exclusive condo living experience in Las Piñas.
With the development of infrastructure in Las Piñas, The Hermosa’s strategic location brings you just 5 minutes away from The Vista Global South via River Drive, and 15 minutes away from the Ninoy Aquino International Airport, Entertainment City, and Mall of Asia at the Bay Area via the C5-Extension and NAIAX. This further enables and empowers business owners, travelers, tourists, and investors to live all the lifestyles they lead.
The Hermosa, COHO’s condo in Las Piñas houses four mid-rise residential buildings. Its first tower is named after Luarca, a quiet town of white houses in Spain that evokes charm and beauty for its famous overlooking scenery. Luarca is a 12-story modern contemporary building that offers spacious unit configurations with 24 sqm Studio Unit, 30 sqm 1-Bedroom Suites, and the 40sqm 2-Bedroom Unit. Its units are automation-ready with a Fiber-To-The-Home Service that enables control over lighting, the air-conditioning system, and other electronic devices conveniently through mobile phones and one’s preferred service provider.
Keeping up with the need for digital innovations, The Hermosa adapts to become the future of recession-proof developments. The need for constant distance, leaning towards being remote as much as possible, and the added necessity for a more cautious way of living will be the adjustments that will stay as the clear choice instead of being just a convenient option. In this regard, its spacious unit configurations, resort-inspired amenities, and lush open spaces answer the call for social distancing, promising comfort and safety within your community. Additionally, the ground floor of the development is set to become an essential hub for goods and services which will complete the residential experience in The Hermosa.
If you’re looking to jumpstart your investment with a condo for sale, COHO’s condo in Las Piñas, The Hermosa COHO, might just be the perfect investment for you. If you don’t want to get shortchanged in terms of investment returns, then don’t settle for anything less.
Discover The Hermosa COHO today. Click here to learn more about COHO’s condos for sale.