Real Estate Growth Area Picks for 2020
Thanks to how robust and active the real estate market was in 2019; the real estate industry will likely boom further this year as more and more invest in it. Many established real estate think tanks have agreed that there will be a boom in the industry, thanks to both the many ongoing infrastructure developments in and around Metro Manila and the decongestion of multiple major road networks.
Both industrial and commercial real estate in the Philippines will have their values rise thanks to the continuous development of land across the country.
Both residential and commercial real estate in BGC will see a rise in their values thanks to the scarcity of available land and the increased access to the city. The new bridge that connects Lawton Avenue to Kapitolyo, Pasig City, is one infrastructure development project in the area that aims to improve access by allowing commuters to get in and out of the city much more quickly.
The Makati Central Business District also has many significant redevelopment projects that will contribute to the increase of the real estate value in the area. The Roxas Triangle and Ayala Avenue apartments are being developed by both SM and Federal Land, making them one of the most prized condominium units to date.
Situated in the center of Metro Manila, the Ortigas Central Business District will likely contribute to the rise of value among the commercial real estate in Manila, thanks to the fact that the district can be accessed easily through EDSA. Ortigas now sees many significant commercial developments in the area, especially since it intends to establish townships in the C5 corridor.
The other areas that will see an increase in real estate value are the Quezon City Central Business District, the Filinvest Central Busines District, the NUVALI District, and both the Pampanga and Bulacan Areas. For more information, see this infographic by Premium Properties PH.