02/02/2024
Sabi nila, "Kung san may SM, dun ka mag-invest. Kasi sigurado tataas ang presyo ng investment don."
Have you ever heard of that advise? They are not wrong. Dati kapag may mall na itinatayo, people would always expect more investments to be developed around it's area.
So let's talk about TOWNSHIPS.
As the real estate market in the Philippines continues to grow, developers are now focusing on creating townships as a way to offer a comprehensive and holistic lifestyle to residents.
These townships offer everything from residential units to commercial spaces, retail outlets, and even recreational facilities, all within a self-contained community.
Anong ibig sabihin no'n?
Before, people invest in condos. In house and lots.
Now, there has been a very big shift on how developers offer their projects. Developers now create townships and not just single stand alone projects.
Let's take Mall of Asia area for example..
Did you know that the SM Mall of Asia (MOA) area, developed by SM Development Corporation (SMDC), is now one of the most sought-after investment destinations for OFWs and business people in the Philippines?
Since its inception, the MOA area has undergone significant development and growth, transforming into a bustling and dynamic city. Today, it features several world-class SMDC developments, including residential towers, a hotel, a convention center, and numerous retail and dining options.
It is also home to several SMDC condos.
SMDC's developments in the MOA area, such as Shore Residences, Sea Residences, and Sail Residences, have consistently delivered high rental yields, making them a great investment opportunity for those looking to generate passive income.
And because of the massive developement in the area, sobrang ganda ng effect nito for condo investors.
For instance, in 2010, the average selling price of a unit in SMDC's Sea Residences was around PHP 80,000 per square meter.
Fast forward to 2020, and the average selling price for a unit in the same development had increased to PHP 180,000 per square meter, representing an appreciation of over 125% over a decae.
In conclusion, the rise of townships in the Philippines is a trend that has greatly benefited investors and residents alike.
SMDC's townships, in particular, offer a comprehensive and convenient lifestyle to residents while promoting sustainability and accessibility.
That is the main reason why you should choose a developer that can make things happen. A developer that can turn a piece of land into a city that thrives.
That is why, you need to invest with SMDC.
