Owning a home is a major life milestone. Yet buying in a single-use development in the metropolis could be expensive, making investments in condominiums with a mixed-used community a smarter move.
Considered a “city within a city,” mixed-use communities combine housing with business hubs, shopping centers, and leisure amenities to create a community of their own. This tight-knit setting complemented with strategic location drives demand for condominiums in mixed-use communities, especially as the economy recovers from the COVID-19 pandemic.
Real estate organization Colliers International noted in its report that in the next “12 to 36 months, the demand for residential projects, whether house and lot or condominium units, will likely hinge on integrated features.” T
This is as “condominium investors have become more aggressive in scouting for properties that are within mixed-used communities.”
“The global health crisis has brought to fore the benefits of living in mixed-used communities, where residents can easily access their essential needs and receive support from the community during challenging times,” said Margarita Saenz-Resurreccion, sales group head of Federal Land Inc.
As part of its efforts to offer mixed-use community living experiences to potential homeowners, Federal Land is building communities at the heart of Marikina City, an undertaking that is expected to help increase the homeownership rate in the country’s shoe capital and further raise the town’s income potential.
The Best of Both Worlds
The City of Marikina is located along the eastern border of Metro Manila. Its main appeal lies in its small-town charm, away from the hectic pace of the metropolis yet close enough to major business hubs and some of the country’s most prestigious schools. Within its backyard are IT centers, a thriving manufacturing industry, and several well-known shopping malls. International membership shopping retailer S&R recently opened in Federal Land’s mixed-use community along Sumulong Highway, further enhancing the community’s existing retail and residential offerings.
Marikina has also become a go-to place for foodies who want to try something new, affordable, and Instagram-worthy. The city is filled with delightful restaurants and cafes tucked away in quiet streets and residential areas like Lilac Street in Concepcion Dos and Mayor Gil Fernando Avenue.
The fusion of urban and suburban makes Marikina an ideal home for many Filipinos starting a family, thus, real estate in the city is flourishing.
More opportunities for Filipinos to take advantage of these integrated communities in Marikina are offered by Federal Land. Through its exclusive residential properties like Tropicana Garden City and Marquinton Residences, Federal Land provides many attractive investment opportunities crucial to stimulating economic growth.
Tropicana Garden City is a nine-tower garden community inspired by the beauty and elegance of Mediterranean Castilian architecture. It offers a quiet and secure condominium to families and professionals looking for a home in a modern and vibrant mixed-use community.
Marquinton Residences, meanwhile, is a medium-rise planned residential community boasting a full range of amenities like a swimming pool, basketball court, fitness gym, daycare center, and children’s playground among others.
Both developments are growing in popularity among urban dwellers who want a live-work-play lifestyle in a central location with just about anything within reach.
“What we are building in Marikina is both a home and a lifestyle destination,” Resurreccion said.
Ready to move in
When choosing a residential condominium like Tropicana Garden City and Marquinton Residences, getting a pre-selling unit could be easier on the pocket. Still, for those who could not wait to move in, a Ready for Occupancy (RFO) property is the best bet.
RFOs remove the guesswork in buying a home as everything is already laid out. Potential homeowners can inspect the units if the location, space, construction, fixtures, color, and materials suit their liking and fit their lifestyle. They can check the condition of the building and even the amenities that the development offers.
Buying a home may feel daunting, especially for first-time homeowners, but some developers offer promos and flexible payment options such as lease-to-own plans to support customers.
Investors looking for a new source of passive income may also benefit from an RFO, which they can rent out to office workers, students and even tourists, especially if it is located near business centers, schools and tourist attractions.
Owning a home in a secure and convenient location like Marikina City need not remain an aspiration.
To know more about available RFO properties and how to make your dream a reality, email [email protected] or call 7506-6473 to schedule a private viewing of the property.
