Value appreciation amidst pandemic grows for The Meridian
January 18, 2021
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The Meridian by Vista Land enjoys capital value appreciation this 2021. This could be attributed to the rising demand for property seekers in Cavite. According to The Asia News Network, the average residential property prices for the third quarter of 2020 in Metro Manila declined by 12.2 percent relative to a year ago, while prices outside the metropolis grew by 6.4 percent.
The Meridian remains resilient amidst the economic halt. Property owners and investors of this premium condo for sale in Bacoor now enjoy an average of 4 percent capital appreciation value as of January 1, 2021.
Bacoor as your next prime destination for Integrated Community Living
It is undeniable that over the years and up until now, many residents from Metro Manila continue to move to the budding province of Cavite for its accessibility and close proximity to the Metro. Aside from being the Gateway to South Metro, Cavite is also brimming with opportunity as BPOs and POGO hubs continue to expand their business here.
Townships such as The Meridian by Vista Land make integrated community living easier and more convenient for its residents. Integrated communities are clusters of commercial and residential establishments to help society thrive better. Due to COVID-19, the importance of mixed-use developments was significantly felt and it is forecasted to further escalate in the coming years. Furthermore, homeowners value now more than ever the availability of amenities and outdoor spaces that would help them cope with the new normal.
The Meridian by Vista Land also offers spacious Near Ready for Occupancy units. A 1-BR unit is 30-sqm and a 2-BR unit is 40sqm, both bigger than the industry average size. This flexible living space allows residents to transform their home into work, play, and wellness space as needed. Aside from this, all units are provisioned for a Smart Home feature that will allow residents to control the security, lights, temperature, and entertainment.
Promising opportunities for Investors in Bacoor City
One thing to look forward to is a Villar Land initiative- the upcoming expansion of the Vista Mall North Molino, the future Garden City of Bacoor. Vista Mall North Molino is the biggest lifestyle mall of Vista Land nationwide that will soon offer a beautiful landscape garden and office spaces. Picture an abundance of trees and lanes where you can enjoy a stroll or a bike ride.
Another development to look out for is the Manila Light Rail Transit Line 1 (LRT-1) Cavite Stations in Zapote and Niog. With an overwhelming number of daily commuters going to and from Metro Manila, the LRT-1 Cavite Extension aims to ease the heavy traffic congestion in the Parañaque-Las Piñas-Cavite cities. Upon completion, the extended train line is expected to benefit more than one million daily passengers.
The LRT-1 Cavite Extension project will extend the existing 20.7km metro line serving the Metro Manila region in the Philippines by approximately 11.7km. This project by The Department of Transportation is currently underway with partial operations scheduled to begin in the second half of 2021 and will be fully operational by the year 2023.
The LRT-1 currently has 20 stations spanning from Roosevelt in Quezon City to Baclaran in Pasay City. There are 8 proposed additional stations situated in the following: Redemptorist, Manila International Airport, Asia World, Ninoy Aquino, Dr. Santos, Las Piñas, Zapote, and Niog.
With the continuous efforts and development projects of the government and private companies, the business landscape and value appreciation remain optimistic in Bacoor.
About COHO by Vista Land
COHO is Vista Land’s newest brand for beautiful and premium condo for sale developments in the most coveted business addresses of Metro Manila. Its modern developments are replete with resort-inspired amenities and exclusive spaces that are perfect for urban dwellers, young professionals, and discerning investors who are ready for what premium city-living entails. Click here to visit our website to know more about COHO’s premium condominium for sale developments in Bacoor.