“Surprisingly, despite the restrictions imposed by the COVID pandemic, interest in buying properties post-ECQ did not wane. There is just a shift in preference in terms of project sites, with more inquiries on properties located outside of Metro Manila,” he added.
Lot, house and lot or condominium
Some of the common types of properties that homebuyers and investors are considering are empty lots, house and lots, and units in high-rise residences.
Vacant lots offer more flexibility because owners can lease, build a commercial building or construct a house according to their own specifications and make their dream homes a reality. They may also sell it later or pass it to the next generation as part of an inheritance.
House and lot offers the convenience of move-in ready units which can be leased, rented as vacation homes or sold with a profit. Developers also have pre-designed model houses that home buyers can choose and just wait for the finished project to be turned over to them.
Condominiums are located in prime locations within central business districts or major cities. This makes condos practical for employees and students who prefer being near key destinations in the metro such as corporate centers, schools, world-class hospitals and other places of interests. Because of this, homeowners also benefit from the rental income potential these units provide, a great opportunity to earn on the side.
Cebu in the spotlight
Improvement of the country’s infrastructure backbone and further decentralization of economic activities has spurred the growth of the real estate sector in mega cities beyond Metropolitan Manila such as Cebu.
Cebu is seen as a great alternative to Metro Manila in terms of cost of doing business, infrastructure, quality of workforce with Manila-paced yet reduced cost of lifestyle.
Online real estate marketplace Lamudi and Colliers Internationals recently released a study pinpointing Cebu City as one of the two hotspots in the Southern portion of the country. The report indicates great demand for mixed-use communities, resort-style condominium developments and house and lots or lots only, particularly from the OFW segment. [1]
Even residential projects located miles from major Cebu cities that were not attractive to urban dwellers before are experiencing newfound appeal. That’s because apart from health and peace of mind considerations, better accessibility via newly-completed infrastructures have decreased travel time from the community site to and from key urban areas.
Take the case of Amoa, which is located at Compostela, Cebu. The project stands along Segment 2 of the proposed Metro Cebu Expressway, which potentially reduces travel time from Naga City to Danao City to one hour, instead of three. However its vecinos will still benefit from fresh mountain air and verdant sceneries with a view of the Camotes Sea from afar because of its distance from congested cities.
Life is better at Amoa
Whether it will serve as part of an investment portfolio or a place to raise a family someday, Amoa is touted as a brilliant purchase.
Crafted by seasoned real estate developer AboitizLand, Amoa is a 60-hectare residential community comprised of a collection of villages that form smaller neighborhoods. This allows its residents to form meaningful ties with fellow vecinos while collectively enjoying the beauty of lush greeneries, incredible vistas and gentle breeze that only a master-planned, nature-centric development can provide.
Property buyers can look forward to a better life with Filipino Bahay na Bato-inspired homes, conceived by the award-winning architectural team of Buensalido+Architects. The range of unit options includes a 2-bedroom row houses in 53 square meter sizes to 4-bedroom single attached two storeyed dwellings with a generous size of 82 square meters.
Lot prices start at 8,000 per month while House and Lots can be taken up for as low as 12,000 a month.
Award-winning Amoa offers a variety of house types from starting homes to grand family residences. Click the image to tour these houses.
All neighborhoods are surrounded by a wealth of amenities, the centerpiece of which is the one-hectare central park. Vecinos can also look forward to an active social life in the community clubhouse that has inviting swimming pools and a spacious basketball court. Its open-air amenities make it an ideal sanctuary away from a crowded city, especially now that work and school can be conducted right in the comforts of one’s home.
With wide open spaces, pocket parks and the natural landscape of Compostela hills serving as a beautiful backdrop, Amoa is a masterfully designed community that is certainly a win-win choice for both homebuyers and investors.
To know more about this remarkable project, visit https://aboitizland.com/amoa/.
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[1] The Outlook by Lamudi: Provincial cities and overseas interest contribute to real estate resilience
In partnership with Colliers Philippines. https://www.lamudi.com.ph/journal/provincial-cities-overseas-interest-resilience/
