By The real estate industry will likely see a further boom in the market thanks to how robust and active the real estate market was in 2019. The real estate prices will probably see an upward trend thanks to the near completion of many infrastructure developments in and around Metro Manila and the decongestion of the major road networks.
The prices of commercial real estate for sale in the Philippines will see their values rise.
The value of residential and commercial condominium units in BGC will rise due to the limitations on the availability of land in the area. The various infrastructure developmentsin the city that aim to make access to BGC faster, including the new bridge connecting Lawton Avenue to Kapitolyo, Pasig City, also contribute to the condominium units’ and other commercial real estates in BGC‘s rise in value.
The Makati Central Business District is currently reinventing itself with many master plans of significant redevelopments in the city, including the development of the Roxas Triangle and Ayala Avenue apartment. The condominium units in both Roxas Triangle and Ayala Avenue being developed by SM and Federal Land are among the most prized condo units to date.
Currently situated in the center of Metro Manila,the Ortigas Central Business District will see the value of its real estate rise.Its long frontage from EDSA allows people to be able to access the area quickly. Ortigas is now seeing significant office commercial developments in the area that will contribute to the rise in the value of the commercial real estate for sale in Manila. The C5 corridor is currently seeing significant redevelopments with the development of townships as their ultimate goal.
Quezon City’s Central Business District, the Filinvest Central Business District, the NUVALI District, as well as land in both Pampanga and Bulacan will see a rise in their real estate value. The ongoing developments in the area or the abundance of land for future development projects are the ones to thank for the increase in value.
See this infographic by Premium Properties PH for more information on the Real Estate Growth Area Picks for 2020.
Comments