As we all know, Metro Manila has the country’s leading financial districts, major business establishments, and lifestyle centers.
There are a lot of advantages when it comes to living in Metro Manila. Think about living in relative proximity to your office or having easy access to malls, restaurants, educational institutions as well as medical facilities. The high level of urbanization makes a lot of people want to live and invest in the metro.
On the other hand, living in the metro also means congestion, traffic, and an increase in demand for real estate. While condominium developments have so far been able to meet the increasing property demands and making the essentials more accessible to residents, there is also the challenge of land scarcity in the area.
Additionally, this pandemic has also made us realize the pluses in investing in a property outside Metro Manila. The increased investment potential outside the metro has made buyers and investors interested in other areas. Thus, a lot of developers have begun establishing housing and condominium projects outside of Metro Manila.
According to a real estate property report, CALABARZON which comprises the provinces of Cavite, Laguna, Batangas, Rizal, and Quezon, is still a popular area to purchase a property especially for those who make a living in the neighboring Metro Manila.
The increase in property demand in these areas can be attributed to its close proximity to the city as well as the infrastructure developments such as the Cavite-Laguna Expressway (CALAX) and the Laguna Lakeshore Project, which will make commuting between Metro Manila, Cavite, and Laguna a lot easier.
If you are thinking about moving or investing in condo outside the metro, we have listed the top reasons that could help you come up with an informed decision.
Lower Property and Living Cost
One of the most common reasons why many choose to live or invest outside of Metro Manila is that the properties in these areas cost less in case you plan to buy or lease a unit.
Moreover, the cost of living in big cities like Makati and Taguig is significantly higher compared to places outside the region. Lower expenses is one of the most important factors that home seekers consider when choosing locations outside the metro.
More Property Options
Some of the challenges of living in big cities are the dense populations and limited land, leaving those looking to buy a home with limited choices.
While these properties offer great views of the metro, the feel of community is better if it features homes and yards, or at least condominiums that are a little less populated and have low-rise structures.
Fortunately, there is a little bit more land available for residential development in other places outside of Metro Manila, and it depends on how far out you are willing to go to find the type of property that you want.
It is quite ironic that some people leave the metro to avoid the hassle of the city traffic yet more often than not, they move to a place where driving is necessary.
Areas with smaller populations, be it in terms of people or vehicles, along with more open spaces than that of bigger cities make it more inviting to walk or commute.
This becomes more advantageous when the property you are eyeing for is located near the city center, because the ability to walk anywhere and everywhere is beneficial in terms of health and fitness, being environmentally friendly, and saving money.
Condominium Properties and Townships
Expectedly, the lack of land in key cities has been a hindrance to the country’s investment potentials. This is also the reason why developers have begun to venture more and more outside the metro.
Major developers have begun with their township projects and condominium properties to be able to meet the property needs of homebuyers and investors.
Safety, Peace, and Serenity
People nowadays, especially the OFWs, are looking for neighborhoods that offer safety, as well as peace and quiet, to house their families or stay when they retire. For many people, areas outside Metro Manila provide this kind of atmosphere.
There are villages or condominium communities where you will find safety amenities, including the 24-hour security and entrance gates. On top of that, there are leisure facilities that bring an even relaxed vibe in the community, which include the swimming pool, jogging areas, and fitness gym.
There is no other best time to get interested and invest in the Philippine real estate, particularly since the market continues to expand and there are a lot of property options for you to consider, even outside Metro Manila. This allows for more investment opportunities, and for more investors to have their hand on the real estate market.
If you are considering living in a condo outside Metro Manila, you may want to look at the various condo projects of top property developer, Vista Residences.
Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc., which offers ready for occupancy and pre-selling condominium projects in Manila and Quezon City that are strategically located within inner-city areas, in close proximity to premium universities and developed business districts.
At Vista Residences, unit owners can take advantage of the property’s centrality. The properties of Vista Residences are strategically located near the country’s premium universities and CBDs, making them an attractive investment for both local and foreign investors and enables all tenants to pursue their hobbies and dream careers.
Vista Residences has ready for occupancy condo projects in Manila such as Vista Taft, Vista Heights, Vista GL Taft, 878 Espana, and Crown Tower University Belt. It also has pre selling projects in the said area which include Vista Recto, Plumeria Heights, Tennyson Heights, Bradbury Heights, Sky Arts Manila, and Kizuna Heights.
Meanwhile, its ready for occupancy projects in Quezon City include Wil Tower, the Symphony Towers, Pine Crest, and Vista 309 Katipunan. It also has pre selling condo projects in the said city such as Hawthorne Heights and Vista Pointe.
Living in Vista Residences enables you to enjoy convenience, where everything is pretty much within walking distance or a few minutes away from the property; comfort because the project features and amenities are designed to deliver comfort at all times, which makes condo living a worthy investment; security that is 24/7 and CCTV monitoring, which makes the residents safe and secure within the property.
In line with Vista Residences’ thrust to offer convenience among its residents, it also features an AllDay Convenience Store and Coffee Project in all its projects.
Vista Residences is part of Vista Land’s roster of vertical housing brands that cater to millennials and young professionals. The other vertical brands include Camella Manors, COHO, and Crown Asia.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.