Property owners prefer Manila
In a 2020 study by Leechiu Property Consultants, it is found that 88.3 percent of the 16,338 condominium units across 26 active projects in Manila were sold at the height of the Covid-19 pandemic.
There’s no doubt why Manila is the country’s capital city. Home to many firsts, Manila has become the cradle of many things including Southeast Asia’s first rapid transit system, the oldest university in Asia, home of modern skyscrapers and structures that encompass Spanish colonial and Baroque periods.
The country’s economic vibrancy made the city even more sought-after than it already is.
The Globalization and World Cities Research Network lists Manila as an “Alpha” global city. It ranked seventh in economic performance globally in 2018. Global advisory firm Tholons placed Manila eighth among the 2021 Top 100 Super Cities.
A property located in Manila is even valuable at this time considering its proximity to key government offices including the financial center, foreign affairs, tourism and the Presidential Palace. Manila homebuyers can expect even more connectivity with the city’s infrastructure projects.
In a 2020 study by Leechiu Property Consultants, it was found that 88.3 percent of the 16,338 condominium units across 26 active projects in Manila were sold at the height of the Covid-19 pandemic.
Experience what Manila has to offer with SMDC Sands Residences. Units come with the perks and conveniences of the cosmopolitan, perfect for your on-the-go lifestyle.
Covid efforts
The national government has expanded its vaccination rollout to the A4 cluster which includes workers of the tourism industry and other economic and national government frontliners.
The A4 cluster, which is fourth on the priority list of the government’s national vaccination program, consists of workers of essential sectors which now includes tourism frontliners. The first three groups covered by the program were medical frontliners, senior citizens and persons with comorbidities.
The Department of Tourism (DoT) is still awaiting a decision on its proposal to widen the group of prioritized tourism workers to include tour guides, tour operators and other accredited workers and service providers.