The Philippines has been experiencing a house price boom for the past eight years, bolstered by strong economic growth. The price of land in major high-end residential areas in Manila continues to rise by as much as eight to 34 percent year-on-year.
Prices of condominiums, in particular, rose year-on-year by 5.8 percent. In Metro Manila’s central business districts (CBD), a total of 118,870 condominium units were recorded in 2018, up by 11 percnt from 2017.
According to a report by Pronove Tai International Property Consultants, Quezon City is touted to be the fastest growing property district in 2019, with the largest share out of the estimated 12 million square meters of space to be completed in Metro Manila.
One of the condominium developments that is driving residential investment in Quezon City is Milan Residenze Fairview by Euro Towers. The property, located near malls such as Ayala Fairview Terraces, SM City Fairview and Robinsons Novaliches, promises convenience and high ROI to its investors.
An addition to the growing portfolio of Euro Towers developments in the Philippines’ most progressive cities, units at the Milan Residenze Fairview provide a variety of living and commercial spaces for the modern homeowner and investor.
Urban professionals, newlyweds or students can experience Milan Residenze Fairview’s ample-spaced homes designed with an efficient layout that can serve as their quiet respite from the city and where they can plan and grow their dreams. All units come with a balcony, allowing dwellers to gaze into the city skyline or the view of the Sierra Madre mountain range.
Studio and one-bedroom units come equipped with soundproof and thermal panel walls, providing privacy and reducing heat flow. A provision is available for a washing machine in the bathroom and a kitchen with range hood provision with exhaust piping to the balcony, to prevent unwanted cooking smells from permeating units and hallways.
USB ports are available in each unit’s living and sleeping areas for easy plug and play of devices. In the event of a power outage or interruption, each unit will tap into emergency power for a maximum of 250 watts.
The property is also equipped with fitness, wellness and playtime amenities. The Serenity Garden features lush greenery, allowing homeowners to practice meditation or do yoga. Residents can keep active at the fitness gym or take a dip at the swimming pool, while children bask at the play area. In case individuals and families would like to take a break close to nature, the La Mesa Eco Park is just a few minutes’ drive away.
Residents can easily travel to their workplaces or schools via nearby Nova Public Terminal, connecting commuters to Ayala, Baclaran, Alabang, Muntinlupa, Ninoy Aquino International Airport (NAIA) and to Pacita Complex Laguna. Terminals are located in Robinsons Novaliches Compound for transport solutions to Cubao or Quiapo. The condo’s site is near schools such as the University of the Philippines, Ateneo de Manila University, and Far Eastern University.
Soon, Quezon City will become even more accessible and connected to neighboring cities, thanks to the government’s infrastructural projects under its “Build, Build, Build” agenda. This makes properties in the city such as Milan Residenze Fairview an even more profitable investment in the years to come.
Construction starts this year for the North Luzon Expressway (NLEX) Harbor Link Segment 8.2, which will connect C-5 and Commonwealth Avenue in Quezon City to the NLEX via Mindanao Avenue; the Metro Manila Skyway Stage 3 will connect Buendia, Makati City to the NLEX in Balintawak, Quezon City; the Manila Metro Rail Transit System Line 7 or MRT Line 7 will open up additional business opportunities between San Jose del Monte in Bulacan — passing through Fairview — to the work-in-progress North Avenue Grand Central station in Quezon City. The Metro Manila Bus Rapid Transit (BRT) Line 1 will make travelling from Manila and Quezon City faster via exclusive lanes. Another important development is Manila’s first underground railway system, the Metro Manila Subway, which will connect travelers from Quirino Highway to NAIA Terminal 3 in Pasay City and FTI in Taguig City.
With its modern interiors, amenities, and being at the crux of major transport developments in Metro Manila, home seekers and investors are enjoined to avail of these perks of Northern living only at Milan Residenze Fairview. With its reasonably-priced studio and one-bedroom units, the property not only offers a practical and comfortable home, but also a significant investment for savvy moneymakers.
Euro Towers prides itself as a Filipino property development company that is passionate about creating high quality residential projects at prime locations — to improve the lives of the Filipino families. Backed up by a strong management and competitive marketing teams with extensive industry experiences, Euro Towers is grounded in its mission of continuous improvement in client servicing, innovations, and experiences to bring the best ideas into the Philippine real estate market. Visit www.eurotowersintl.com.