Hot property picks in the Metro
This would push the demand for real estate services — agents, lawyers, and associates.
Real estate is always a valuable asset addition both as a passive and active investment portfolio. The best thing about this space is they are not making any more of it, making each piece of investment unique. Indeed, Department of Finance Secretary Benjamin e. Diokno indicated an expected uptick in property sales volume this year, with many Filipinos forecasted to invest in the sector.
This would push the demand for real estate services — agents, lawyers, and associates. He also noted that real estate services focusing on commercial and residential property segments would rebound and make way for adopting the new normal, where hybrid works and flexible office spaces prevail.
True enough, despite the disruptive impact of the global health crisis on people and the economy, Filipino investors remain keen on acquiring real estate properties as part of their longterm plans. As expected, clear as day, Metro Manila remains a hot place due to its convenience, albeit pricey.
Data released by real estate brokerage services firm Leechiu Property Consultants in December revealed that residential property prices in Metro Manila last year more than doubled that of the price points in 2021 because the pandemic stalled project launches.
The data also noted that prices of older projects in the metropolitan grew annually by as much as 250 percent per square meter in the fourth quarter of last year alone.
Units launched throughout the year, on the other hand, clocked in at 10,009 or 61 percent lower than the 25,911 in 2021, while units sold fell by seven percent to 35,539 from 38,065 the previous year. The prices of newly launched projects also increased by 215 percent.
LPC said the real estate sector would pick up even further this year. riding on this growth, many investors looking for worthwhile investments will surely be on a shopping spree. From budget-friendly to high-end, here are five of Metro Manila’s most sought-after properties:
Asteria Residences
Asteria residences is a residential development on prime land in San Antonio Valley 2 in Sucat, Parañaque City.
In its pre-selling state, you may soon have a home you can call your own at this 27,997-square meter development for around P2.5 million to P4.2 million per unit. The mid-rise community is close to SM City Sucat and Hypermart, Medical Center Parañaque City, Parañaque City Doctors Hospital, PAGCOr Parañaque City, and NAIA Terminal 4 Domestic Passenger Terminal.
Amaia Series Novaliches
At the heart of Amaia Novaliches estate in Quezon City, this community offers home seekers townhouse units that start at P2.5 million.
The residential project catches the eyes of investors through its four and six-series townhouse models, featuring amenities that complement the suburban lifestyle.
Mirea Residences
This pre-selling condominium project developed by the Consunji family’s DMCI at east Amang rodriguez Avenue in Pasig City promises to meet the needs and wants of young professionals.
With a starting rate of P3.5 million, each Mirea unit would be suitable for working and starting families. The property is near LrT-2 Santolan station, South Supermarket, robinsons Mega east, Sta. Lucia Mall, SM Marikina, SM Savemore, and St. Camillus Medical Center.
Mahogany Place 3
Located in Acacia estates, Taguig City, this residential community offers a lowdensity, Asian, and modern contemporarythemed subdivision within Acacia estates that is ready for occupancy.
With its price ranging from P13.6 million to P29 million, this property is for those who want bigger spaces for their family while enjoying its modern structural finish. It is accessible through C-5, a few minutes from the Bonifacio Global City and Makati Central Business District.
Two Serendra
Suppose you are the carefree type whose primary consideration for buying out properties depends on which shopping district it is close to. In that case, this condominium property can be the most suitable for your lifestyle.
The property at McKinley Parkway and 11th Avenue, Bonifacio Global City, developed by Alveo Land, Inc., has units that are both pre-selling and ready for occupancy. From P5.5 million to P35 million, the low-rise, mid-rise, and high-rise suburban condo living will be perfect for dynamic professionals and metropolitan families.
The 55-story development has studio, one, two, to three-bedroom units with provisions for laundry and drying and pocket gardens at the balcony.
By all indications, 2023 is shaping to become a better year for the property sector, and buyers seem upbeat about supporting the industry.