According to studies, a growing number of consumers prefer residential land, and house and lot properties over condominiums.
The pandemic spurred a strong demand for properties located just outside megacities. Apart from wanting to evade virus hotspots in congested urban areas, most home buyers no longer find it necessary to live closer to business districts because of remote working.
“The pandemic has certainly reshaped homebuyer preferences,” affirms AboitizLand President and CEO David Rafael. “Appetite for residential lots in particular have gained momentum for the past year.”
According to a recent study that supports this claim, a growing number of consumers prefer residential land, and house and lot properties over condominiums.
AboitizLand, the real estate arm of Aboitiz Group, has witnessed this shift in trends as it has been receiving more inquiries and sales for units in its master-planned developments in the northern and southern parts of Luzon, and in boroughs outside of Metro Cebu compared during the pre-pandemic period.
More than a place for refuge, residential lots are seen to provide long-term value for buyers. Lots in particular offer the creative freedom on design, size, and details of improvements to be constructed on vacant land – as opposed to opting for ready for occupancy (RFO) homes. The buyer can customise their homes depending on their needs. Moreso, they have the freedom to put their hard-earned money in land and allow its value to appreciate for more advantageous profit.
Lot offerings by seasoned developers are usually located in expertly-designed communities which thoughtfully integrate modern facilities with spacious living, modern conveniences and nature. AboitizLand communities for instance are ingeniously crafted to support the well-rounded lifestyle of Filipino families, enabling them to thrive and experience an enriched life. Its master-planned townships devote a large space for pristine nature areas and recreational amenities that promote a healthy lifestyle. This is also ideal for those who are seeking a work-life balance because those who work from home will find their natural surroundings conducive for productivity.
There is no need to commute to far places for their needs because all AboitizLand communities are anchored on town plazas or commercial centers which house shops for basic needs and wants. Even then, these self-contained oases are linked by major infrastructures to cities for accessibility. This poses an advantage to families whose members work, study, or regularly visit key places in Metro such as hospitals, schools and offices.
Most importantly, residential lots are constantly appreciating assets that can serve as a family legacy. Multiple generations can benefit from this safe and brilliant investment; a gift that can be passed from one generation to the next.
AboitizLand’s extensive portfolio of residential lot offerings is situated in idyllic areas in Luzon, both north and south of Metro Manila, as well as in beautiful towns surrounding Cebu City.
Ajoya communities are located in the new wave growth area of Central Luzon that’s currently enjoying an infrastructure boom: Tarlac, Pampanga, and Cabanatuan. Its lots for sale are considered a value for money investment particularly to those looking to build their own homes with a certain budget. Replete with its own town plaza, this development supports a meaningful stay-at-home experience for its vecinos whether for relaxation amid its lush pocket parks or as an entrepreneur through the shophouses. Former city dwellers who want to escape the concrete jungle to be surrounded by open spaces, walking and bike trails, and expansive greeneries where they can rest their eyes on while remote working will discover a wonderful life awaiting them at Ajoya communities.
The North Luzon towns like Ajoya will greatly benefit from a number of infrastructure and development projects that are in the pipeline. Central Luzon Link Expressway will cut down travel time from Tarlac City to Cabanatuan City from more than an hour to 20 minutes. The Capas-Botolan Road will serve as a direct link between the provinces of Tarlac and Zambales, and will further provide access to the New Clark City, a smart, green and sustainable, well-planned city outside Metro Manila. The Malolos-Clark section of the North-South Railway will run from the northern suburb of Malolos to the Clark economic zone. It is also conveniently near to the Clark International Airport.
The Villages at Lipa may be just an hour and a half away from Metro Manila’s major business district but it has the tremendous advantage of being part of LIMA, an integrated economic center dubbed as the Next Big Thing in the South, which houses the LIMA Technology Center, The Outlets at Lipa, LIMA Exchange, Aboitiz Pitch, and the up-and-coming LIMA Business District. With everything just within reach, Vecinos at The Villages at Lipa can have everything and miss nothing.
Those who want a holiday and a year-round home in one will love the offerings at Seafront Residences at San Juan, Batangas. Vecinos will be treated to a stunning view of the Tayabas Bay right from their roof decks. Residential lot buyers can customize their future seaside homes and work-from-home employees can experience what it’s like to work in paradise.
South Luzon enjoys great infrastructure which makes living in AboitizLand master-planned communities in the South an attractive proposition.The NLEX-SLEX Connector Road will reduce travel time from SLEX to NLEX from 2 hours to just 20 minutes, and Clark to Calamba from approximately 3 hours to 1 hour and 40 minutes. It is also seen to improve connectivity between NAIA and Clark airports. Best of all, motorists can navigate South to North and vice versa without encountering Metro Manila traffic.
The Cebu portfolio, meanwhile, consists of Amoa, Foressa Mountain Town, Pristina North and Priveya Hills. Located in Compostela, Balamban and Talamban respectively, all developments are favorably distanced from dense cities but still connected to them through the government’s ambitious infrastructure projects.
Amoa stands near the Segment 2 of the proposed Metro Cebu Expressway while Foressa Mountain Town is accessible from the city via the Transcentral Highway. Priveya Hills is also seen to benefit from the Metro Cebu Expressway while Pristina North is just within the 3 km radius of Cebu City’s major establishments.
The local property sector is at an opportune time when supply currently exceeds the demand for housing. It is now a buyer’s market and homebuyers should take advantage of the opportunity.
“The discerning buyer understands that now is the perfect time to embark on an investment,” enthuses Rafael.
Aboitizland developments are expected to enjoy a guaranteed value appreciation of no less than 50% in three to five years time, based on its current growth trend. There are also discounts and incentives awaiting spot cash or lot buyers. Buyers can have an AboitizLand lot to grow their future for as low as PHP4,500 a month. Best of all, home-buying can be done digitally, making the experience a safe, contactless, and easy one.
To know more on how to start growing your family’s future in one of AboitizLand’s well-crafted properties, visit www.aboitizland.com and https://www.facebook.com/AboitizLand.Inc for more details.
To book appointments, prospective buyers may send a request for a meeting on their Facebook page or send an email request at firstname.lastname@example.org with the subject “Request for online presentation.” A dedicated staff will get in touch within 24 hours to arrange for an online presentation. They may also download the Vecino App to reserve units, submit documentary requirements, complete monthly amortizations and easily apply for a housing loan.
This article is originally published in BusinessMirror.com.ph on September 21, 2021.
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