What makes suburbs desirable for many Filipinos today is that they allow people to live life to the fullest —in a home that is safe and nurturing, in a community that is connected and provides utmost convenience.
When the demand for mixed-use walkable developments started growing, many of us packed up and headed out of the city — to take a break, savor some fresh air and just enjoy a change in scenery.
Many families, on the other hand, took a leap of faith and decided to totally relocate to more laidback communities which are equally modern with all the conveniences found in megacities but minus the hustle and bustle. It is this desire for a balanced lifestyle that led many to Southern Luzon, Metro Manila’s progressive yet refreshingly less-busy neighbor. In Cavite, for instance, the real estate scene has evolved drastically.
Today, it is home to many large-scale, exclusive estates. With enhanced accessibility from Metro Manila, demand for properties is expected to rise further as dwellers and investors continue to seek the ease and efficiency of the region that’s well connected to the metro and nearby Tagaytay’s popular destinations.
Infrastructure to spur rapid growth
According to real estate brokerage firm Leechiu Property Consultants, the South has become attractive because of greater accessibility through new expressways and other infrastructure. Aside from South Luzon Expressway (SLEX) and Manila-Cavite Expressway (CAVITEX), the province benefits from the recent developments of new road networks such as the Cavite-Laguna Expressway (CALAX), Cavite-Tagaytay-Batangas Expressway (CTBEX), LRT extension program, and the expansion of the Sangley International Airport.
It’s no surprise that the province is seeing the development of quite a number of sprawling mixed-use estates where people can conveniently live, work and play.
Already home to some of Metro South’s premier residential communities like Lanewood Hills and Hillside Ridge by Cathay Land in partnership with Ayala Land Premier and Alveo Land respectively, the area has long been a high-potential investment opportunity expected to serve as an expansion of Metro Manila. Just a short walk away from these developments are another two of Cathay Land’s residential developments —Nirwana Bali, a boutique residential community within South Forbes Golf City and Fullerton Suites, a mid-rise condominium that features a two-level roadside commercial strip that presents another suburban address with the valuable convergence of life, work, leisure, and nature.
In Cavite, lot prices have been steadily growing at seven percent to 15 percent annually, said Roy Golez, director for Research and Consultancy, in a recent report. Filipinos’ growing preference for a second home is also seen benefitting Cavite because of its abundance of natural greenery.
A recent survey by the local edition of Santos Knight Frank’s Global Buyer Survey noted that 41 percent of Filipinos looking for property investments are keen on those with “greener” features. It also showed that these buyers consider second homes not just an investment but also as private destinations and accessible vacation homes.
Filipinos’ growing preference for a second home is also seen benefitting Cavite because of its abundance of natural greenery.
Sparking Cavite’s investment boom
In Silang, premier real estate developer Cathay Land has long been redefining cosmopolitan living.
Its 250-hectare premier estate South Forbes thriving along the Silang, Sta. Rosa corridor has a wide array of commercial establishments, dining options and boulevards surrounded by lush open spaces.
The development hosts eight boutique communities with international architectural themes — all of which make a bold statement in upscale neighborhoods offering the highest quality of living with a full array of modern amenities.
Just a few kilometers away, its 70-hectare Mallorca City currently comprises a light industrial park, a residential subdivision, and future commercial districts providing residents and workers better living options in a suburban environment without losing access to the conveniences of a modern, urban lifestyle.
Located along Aguinaldo Highway, Acienda Designer Outlet is a large-scale commercial venture in collaboration with British operator Freeport Retail touted as the first true international outlet mall in the Philippines.
Influx of educational institutions
As more residential and commercial developments emerge to support the growing demand in the province, there has also been an influx of educational institutions particularly in Silang. There’s the premier Filipino-Chinese institution, Chiang Kai Shek College – South Forbes Campus; South Forbes City College; St. Scholastica’s Westgrove; Adventist University of the Philippines. The growing student population in the area is sure to provide a stable supply of prospective tenants for property owners as well as a ready market opportunity for entrepreneurs and investors.
Adding to the list is Cathay Land’s newest project, a new college business district within a master-planned community with the 11.5-hectare Chiang Kai Shek College South Forbes at its core. “We are thrilled to work with Chiang Kai Shek College to transform Silang into a vibrant college and lifestyle district, furthering opportunities to live, work, learn and play,” said Jeffrey Ng, President of Cathay Land. Taking center stage is Crestkey Estates, a commercial development where future lot owners can enjoy a broad market that includes students, growing families, young professionals, and investors.
Much like every master-planned development by Cathay Land, the new estate will encourage healthy living and social connectedness, redefining urban living by placing these highly valued qualities within reach. Evidently, Cathay Land makes it easier for businesses to flourish. Investing in the brand’s commercial lots offers the leverage of being in a bustling estate, the stability of having a huge market that can be readily tapped, and the promise of lucrative returns in terms of potential sales performance and land value appreciation.
* * *To learn more about Crestkey Estates, please visit www.crestkeyestates.com or call 0917 312 6798.