Colliers Philippines reported that the real estate market in the Philippines is showing signs of a robust recovery in 2024, indicating the market is well-positioned for growth.
Industry experts also suggest that 2024 is an ideal year to invest in the Philippine real estate market due to the country’s solid economic performance, strategic developments in townships, and attractive luxury property prices that make it appealing to investors.
However, it’s not just the savvy long-time investors grabbing the opportunities.
An insurance company reported that more young Filipinos have been investing for their future as the pandemic helped them realize its importance. Market research agency Kadence International echoed a similar sentiment, noting that younger Filipinos now see real estate as a legacy asset and investment opportunity, opting for condominiums in city centers due to proximity to offices, retail establishments, and the appeal of modern, minimalist designs.
Prime location with amenities appear to be the foremost consideration in buying properties.
With the traffic congestion in the metro, many opt for other major business districts like Alabang.
In particular, Filinvest City in Alabang has grown to be the preferred central business district in the metro south. For one, properties in Filinvest City have seen increased asset values with an annual growth rate of over 20 percent in the last decade.
In Filinvest City, young professionals get to have the live-work-play-thrive experience as the masterplanned community provides convenient access to key establishments, such as retail and dining centers, healthcare facilities, and green open spaces for a vibrant and integrated business environment. It also offers easy access to both the south and the north, and is close to major roads like Skyway and South Luzon Expressway (SLEX).
Studio N, developed by Filinvest Land, Inc. in Filinvest City, is a perfect example of a prime investment opportunity. Situated in Northgate Cyberzone, the residential project is near local and multinational companies. Commercial hubs like Westgate Center and Festival Mall and parks such as Central Park and Spectrum Linear Park are just a couple of minutes away.
Studio N also offers essential and modern amenities fit for an urban lifestyle. There is a spacious and relaxing lobby area, a centralized mail room with individual mailboxes, a swimming pool with a kiddie pool, a function room and a fitness center. Residents can live life to the fullest and enjoy the lush and convenient space with no worries as Studio N has 24/7 security.
Pre-selling properties, like Studio N, offer the advantage of acquiring a property at lower prices with lighter and longer payment terms. Units with a view of the city or facing the sunrise, those with easier access to amenities, and less foot traffic are high in demand.
One can get a high-value asset with a low capital. For instance, an 18-square meter studio unit at Studio N is just P25,000 in downpayment and P15,000 in monthly payments while a 36-sq.m. combined unit requires a P50,000 downpayment and P36,000 monthly.
Real estate platform Lamudi Philippines notes that whether investors use the property now or in the future, they get better investment returns. Property prices eventually increase as years pass, so its value will be higher than when you purchased it. Hence, pre-selling properties are secure investments, just like Studio N, which held its topping off ceremony last June, further ensuring the investment.
“Considering its prime location and sensible design, real estate properties appreciate over time.” said Daphne Sanchez, senior vice president for Residential and Estates at Filinvest Alabang, Inc. “Studio N’s flexible unit offerings let future residents experience compact studio living in a prime business hub, making it the best fit for working professionals or investors interested in rental income.”
Given these benefits, investing in real estate–especially a pre-selling property–is a smart financial decision for individuals who want to secure their future and guarantee stability.
