Metro Manila Real Estate – An Investor’s Dream
Posted by Ortigas Land
Date posted June 10, 2021
Residences at The Galleon
Why Real Estate in Metro Manila is an Amazing Investment
Despite the COVID-19 crisis that has affected the world economy in 2020, it appears real estate prices have stayed steady, particularly in the luxury market.
The Bangko Sentral ng Pilipinas released its Residential Real Estate Price Index Report for the 2nd quarter of 2020, which indicated record price growth of 27 percent year on year – and the highest yearly growth on record since 2016, when BSP began publishing the report.
An analyst from Colliers International also noted a range of price increases in the first half of 2020 for various pre-selling projects around Metro Manila, including the Ortigas Center district.
Market optimism carries over from 2019 to 2020
This optimism for Manila’s real estate market is a carryover of investor sentiment from last year. Knight Frank’s annual Prime International Residential Index 100 (PIRI 100) report, released last March 2020, reported a 6.5 percent increase in Manila luxury residential property prices in 2019, year on year. This makes Manila one of the most dynamic, fast-rising markets in this segment – third in Asia, and eighth in the world.
This has two implications for prospective buyers, especially investment hunters looking for upscale properties in the city’s most prestigious neighborhoods.
The first is that real estate investors who bought this year are potentially looking at doubling the value of their luxury real estate investment in as little as four years - a stunningly short period of time. The second is that committed buyers should try not to delay further on their investment, given these market rate increases.
Confidence is related to quality real estate products
This level of confidence in the real estate market reflects the level of quality offerings by real estate developers in the Philippines, who are invigorating the market with centrally located properties boasting top-rate amenities that are highly in demand.
Luxury real estate buyers today want smart home technologies in their home, in the same way smart technology now exists on their mobile phones, tablets, and cars. Voice or device-operated commands for lighting, door security, and air-condition temperature settings are just some examples of this.
Well-designed kitchens in open layouts, with the option for professional level kitchen level appliances and modern, minimalist, modular furniture, give future homebuyers the chance to entertain into a luxury’s apartments wider living room space to a room full of guests.
Luxury apartments in the heart of the city also offer exclusive buyers the ultimate luxury of space – with expansive living room and bedroom layouts, high floor to ceiling heights, access to outdoor green spaces for running, yoga, and meditation, and outdoor swimming pools that help people of all ages maintain a healthy and active lifestyle.
Quality investments of this kind are rare in the market – especially in bustling, dynamic areas such as Ortigas Center, where Ortigas Land is currently building a brand-new real estate anchor destination with Residences at The Galleon.
Secure your investment in something that lasts – and invest in Residences at The Galleon, a condo near Ortigas Center, with luxury apartments for sale at preselling rates.