Homebuyers, developers set sights outside Metro Manila

More and more people are  looking for properties in new growth areas outside Metro Manila, which are in close proximity to future megacities as well as new roads and infrastructure.

Homebuyers want to live in sustainable communities where they can experience a new and more livable ecosystem.

They want to have access to everything  to be able to live a good life today and for generations to come.

The completion of infrastructure projects certainly adds value to nearby properties. With the huge number of infrastructure projects currently being developed as well as those in the pipeline, many areas in the country stand a chance to benefit from increased land values.

“Previously, we emphasized that the completion and upgrading of railways, toll roads, and airports across the Philippines should contribute to higher land and property values,” said Colliers Philippines associate director and head of Research Joey Roi Bondoc.

“In our view, these projects are also likely to play an important role in dictating the development strategies of property firms beyond the pandemic,” he added.

Colliers believes that infrastructure projects will strongly contribute to economic growth this year. This is especially true for developments outside Metro Manila.

“Acquiring parcels of land within and outside Metro Manila will be crucial in developers’ plans to line up new projects beyond 2022 as they capture demand in the market post-pandemic,” said Colliers senior director and head of Valuation Services Paul Vincent Ramirez.

Latest

Exploring Lausanne—Crosswinds’ Most Premium Lot-Only Development

Set within the illustrious hills and stunning mountain landscapes of Crosswinds in Tagaytay is Lausanne, a 24-hectare European-inspired mixed-use development known for...

DHSUD chief eyes public-private partnerships for permanent housing solutions

The country's new housing czar has hit the ground running, preparing to forge partnerships with the private sector to fast-track land development...

Mesmerized By Silliman: The University by the sea

Every August of each year, Sillimanians from all over the Philippines and around the world—from the oldest batch to the youngest—descend upon Silliman University...

Respond and innovate: How our local builders adapt to the pandemic

Many companies in the design and construction industries had to continue operating despite the COVID-19 pandemic because the services they offer can't...

Invest in safety and One Lancaster Park, Cavite

Home buyers today, especially starter families, are more discerning in choosing their living spaces. Post-pandemic, more people appreciate the value of large...