There is little doubt about it: investing in real estate is a good idea. The question is, where is the real estate that is the most lucrative investment? All signs point to Quezon City. Here are three reasons why investing in a condo in QC could be the best thing you could do to your hard-earned money:
1. Studies prove that QC is a good investment location
Using data from Zipmatch, PropertyGuru.com of Singapore has recently singled out QC as one of the top five popular destinations for condo hunters in Metro Manila. The article also notes that given the spate of condominium developments in the Philippines, the average gross rental yield of the country’s real estate is among the highest in the region.
The PropertyGuru poll results are validated by a separate study of the online real estate platform Lamudi. This study notably ranks QC as the No. 1 investors’ choice for property purchases in the country.
Both research papers trace their positive views on QC’s condo market estate to the growing presence of BPOs. This industry is a game-changer that is now also at play in Ayala Land’s Vertis North–its corporate center is now operational and already occupied by several tenants.
2. QC’s accessibility is on the rise
With such vital road corridors as EDSA, North Avenue, Agham Road, and Quezon Avenue, QC’s accessibility to the rest of Metro Manila is ever improving, especially with the MRT.
Several major infrastructure projects further provide impetus to a QC condo investment. One notable project on the pipeline is the Mega Manila Subway with a planned station on North Avenue beside Vertis North. Construction of the subway is scheduled to begin in 2018, with plans to be partially operational by 2022 and fully operational by 2025. According to the Department of Transportation, three stations of the subway are scheduled to begin operations by 2020, all in Quezon City: North Avenue, Mindanao Avenue, and Tandang Sora. Once operational, the subway system, DPWH officials say, can transport some 350,000 passengers daily within the cities of Metro Manila. From Quezon City, authorities say this subway system can cut travel time south to Taguig City down to 31 minutes.
Additionally, construction is ongoing for MRT 7, with the MRT-LRT common station to be built near Trinoma.
In the meantime, the P2P bus operation in Trinoma connects to the CBDs of Makati and BGC in Taguig, and to Clark Airport in Pampanga. The planned NLEX‒SLEX connector would likewise be a blessing as it would help much in decongesting vehicular traffic along EDSA and make trips along this highway faster.
For would-be investors, it is significant to note that QC is one of the most popular areas for condo renters because of the strong presence of BPOs and other businesses. Many of these establishments have notably gravitated around the locality of Vertis North, which itself is host to large business and commercial spaces.
3. QC has a growing CBD
Vertis North, QC’s central business and lifestyle district, attracts condo dwellers also because of the new Ayala Malls Vertis North. This 40,000-square meter mall targets millennial consumers with its themed retail destinations like Urban Turf and Japan Town. It also features an activity center called the Green Strip and boasts of having the country’s largest cinema screen.
Some tailwinds were also provided by the official opening of the Seda hotel in Vertis North last October 2017. With 438 rooms, this hotel is geared toward leisure travelers and business persons.
Vertis North’s office development–Ayala Land Offices Towers 1, 2, and 3–are all either completed or nearing completion. Tower 1 is operational. These towers will house various businesses, from BPOs to corporate headquarters of local and international companies.
With the launch of Avida Towers Sola, Avida’s last tower in Vertis North, residential living in QC’s newest CBD is now within reach. Pricing starts at PhP2.7 million, with choices of studio, one-bedroom, two-bedroom, and three-bedroom units.
Are you ready to invest in a condo in QC, one of the Philippines’ top locations for condo owners? Click here.