As growth spreads beyond the usual business districts, Bay City is rapidly becoming one of the most sought-after locations for commercial and residential developments.
The area has convenient access to the airport, as well as several major thoroughfares and public transportation terminals. It proved its viability with the success of Entertainment City and SM Mall of Asia complex — both established as world-class destinations. As more commercial spaces continue to rise, multinational companies are moving in early to establish their base in the country’s next CBD.
The draw of Bay City has sparked a surge in the development of and demand for residential properties. The area has already overtaken Ortigas Center in terms of condominium stock and is expected to overtake Makati by 2021.
Despite the high rate of condo delivery, the demand continues to drive residential property values. According to research by Colliers International, pre-selling prices in Bay City are projected to breach the P300,000 per sqm. mark this year. Prices are expected to appreciate as more buyers realize the area’s potential, so investing early is recommended for people planning to call Bay City their new home.
Among the most coveted spaces is SMDC Sail Residences. The project is SMDC’s most luxurious development to date, with plush amenities setting a lifestyle standard for the country’s most exciting business hub. The high-rise condominium provides access to the country’s premier retail, dining, and entertainment experience, all with the prestige of Bay City’s most exclusive address.
These and other premier developments are set to take place in just a few years. Bay City is an economic force, a lucrative investment in the Philippines’ most promising CBD.
For more info, visit www.smdc.com.