Given the robust and active real estate market in 2019, it is forecasted by established industry think tanks that 2020 will see a boom in the real estate market.
Factors that will continue to fuel the upward trend of real estate prices in many areas of the metro and outside Metro Manila are the near completion of many ongoing infrastructure developments in and around Metro Manila and the nearby provinces. With the decongestion of major road networks, we will see new growth areas where major road networks will open up corridors of developments and expansion by industry players.
Evidenced by developed townships, major players are investing in land in areas where soon to rise airports are located.
Here are some of the top picks and why:
The BGC developments will continue to see an increase in condominium values in the residential and office market due to limitations in land availability and increased access brought about by several infrastructure developments aimed at making access to BGC faster going in and out (new bridge connecting Lawton Avenue over the Pasig River to Kapitolyo, Pasig City)
Makati Central Business District continues to reinvent itself with master plans of major redevelopments in the city, such as the Roxas Triangle developments and Ayala Avenue apartment row flagship development by SM and Federal Land which is touted to be the most prized condo to date.
Ortigas Central Business District - Situated in the center of Metro Manila with ease of access afforded by its lengthy frontage from EDSA, is now seeing major office commercial developments given its limited supply of land. Ortigas CBD has always been an alternative for businesses given its proximity to the North and East of Metro Manila. The C5 corridor is now seeing major redevelopments into townships as opposed to its use as an industrial zone. MegaWorld, Ayala Land and Ortigas & Co. are the major players in this area.
Quezon City has its fair share as a Central Business District. Ayala Land and its subsidiaries together with other industry giants have located and developed the stretch of EDSA from East Avenue to North Avenue, where BPO’s have relocated and headquartered their offices from the usual choice CBDs of BGC, Makati, and Ortigas
In the South Area…. Filinvest Central Business District - having ample supply of land for development has seen its stock prices increase in part to the continued development by major developers of commercial and residential condominiums driven by BPO’s and its complimenting market from the workforce taking up a supply of the residential sector.
NUVALI District - perceived to be the next Makati of the South is fast becoming a haven for established schools and businesses drawing migrants to the South of Manila. Its proximity to industrial and commercial developments, resorts and weekend spots continue to make NUVALI a choice for those thinking of migrating to the South replete of its support facilities.
Pampanga and Bulacan area - the new growth areas spurred by major infrastructure developments, such as international airports (soon to be groundbreaking by SMC of its international airport in Bulacan) and the redevelopment of the Clark airport and BCDA’s thrust in making Clark Development Corp a centerpiece address in the North of Manila.
Ayala Land being the trendsetter builds not just a project but townships, scattered all over the country including resort developments, with focused projects in the anticipated new growth areas of Pampanga and as far as Tarlac province.
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