The future can be an eerie thought because of the many uncertainties that it holds. It is especially scary when you are not prepared for it. Invest early because by investing now, you and your family will have the time to enjoy the perks and not when something happens and you leave your family behind. One should also not have to wait until their retirement to finally invest in their future. Start now and smartly. As early as today, one should invest in assets that will give you potential returns for you to live ready and easily.
The first few months of the year have established 2019 as a very good year for the real estate industry, as per Colliers International, a real estate services organization. It was also reported that there is a very strong demand for residential, office and industrial properties. Now more than ever, developers are aggressively acquiring parcels of land — especially those outside of the more established business districts.
This growth is expected to continue well into the rest of the year. Leading the way of this development are the office and industrial sectors as business process outsourcing (BPOs) companies and local businesses are instrumental in driving this demand. Add to this, the ongoing “Build, Build, Build” national program will be instrumental in boosting interest in properties.
In 2017, demand for condominium units throughout Metro Manila rose to 24 percent or 52,600 units – the highest level ever according to Colliers International. The total condominium stock in the capital’s CBDs reached 101,500 units in the same year. In 2018, the take-up in the pre-selling condominium market remained strong with figures that reached 54,000 units. As of end-2018, the condominium stock reached 119,000.
With such a high demand for condominium units, prices have expectedly surged. But despite the price appreciation, the housing market in the country is still one of the more affordable compared to neighboring countries like Hong Kong, Singapore, Beijing, and even Thailand and Malaysia.
According to a report conducted by CBRE, a commercial real estate services and investment firm, the average property price in Hong Kong is more than $1 million (1,235,220 in fact); Singapore’s average price reached $874,372, while Beijing’s at $624,299.
Asia Property HQ, on the other hand, listed the Philippines as one of the cheapest places to buy real estate in Asia. Property prices in Bangkok, Thailand averages at $4,620 per sqm. in central areas and $2,250 in suburban areas. While in Kuala Lumpur, Malaysia, prices average at $2,972 per sqm. in central areas and $1,490 per sqm. on the outskirts of the city.
It is never too late to begin investing and planning for the future, which is why now is the best time to invest especially in real estate. Buying a property, flipping it to suit the needs of a modern family and then renting it out can generate consistent income compared to limiting it for personal use or kept idle. The demand for real estate continues to rise and there will always be a market of tenants. Majority of these tenants are single professionals – mostly from the business process outsourcing (BPO) industry who wish to live next or in proximity to their offices due to the worsening traffic in Metro Manila, start-up families who wish to live within a community – near schools, near offices, and amenities such as supermarkets and shopping malls.
Currently, the country is experiencing a high demand for properties due to the high number of foreigners relocating to the Philippines. Add to this the urban renewal and redevelopment experienced by many cities within Metro Manila and outside.
By investing early, investors can be ensured for present and future long-term financial security. The money generated from these investments can provide financial security and income especially in the event your finances may become unstable. And the earlier a person begins investing, the better their financial situation will be down the line compared to their counterparts. Early investment will also reduce the risk of making reckless choices. In line with this, investing in a property like those from Avida Land is a sure way of not making reckless choices.
Investing in Avida Land is a secured investment since it is a highly reputable developer and caters to the varying demands of buyers and their fast-paced lifestyles. The leasing potential is high as all of the Avida properties are strategically located and near vital places of interests such as shopping malls, offices, schools and other establishments that a modern resident would need. The properties themselves are well-planned communities which are perfect for either single professionals or small families with sensible amenities such as swimming pools and gyms. Each unit is efficiently designed, which means more value for money.
With Avida Land, there is a home ready for occupancy and investment. The company makes living easy and offers a lifestyle that is suitable for everyone.
Avida Land in partnership with Philippine STAR’s Property Report PH presents Homepossible: Real Estate Investment Conference happening on May 11 at Marquis Events Place BGC. Know why should you invest in real estate, what to look for in a real estate property and where in the Philippines you should invest.
***
For more information, like and follow their Facebook page AtAvidaLandPH.