If you are looking for the next emerging real estate destination–complete with efficient road networks, robust industrial developments, and wide job opportunities–areas outside the metro, particularly north of Metro Manila, beckon. With the capital bursting at the seams, living in provinces such as Bulacan and Pampanga is fast becoming a viable and wise option.
According to the 2018 property forecast of Colliers International Philippines, major industrial park developers are already heading north of Manila. Investment-driven growth creates more jobs, which in turn shore up the demand for real estate space. Colliers notes that more townships and mixed-use projects are already being developed outside of the capital.
Real estate service providers note that the next wave of expansion will happen in Laguna, Bulacan, Batangas, and Pampanga. They underscore the importance of crucial infrastructure projects to ensure connectivity and livability in these emerging real estate markets.
Aware of the need to support these new real estate hubs, the government has embarked on an ambitious P8-trillion infrastructure program to improve mobility within and outside of Metro Manila. The plan includes the following:
- the Metro Rail Transit Line-7, which will cut travel time from Bulacan to Metro Manila to only half an hour;
- the Manila-Clark railway project, which broke ground in January for the first phase that will cut travel time between Manila and Pampanga from 2 hours to just 55 minutes;
- the proposed North Luzon East Expressway which will connect Commonwealth Ave. to Nueva Ecija; and
- the Clark International Airport, which is seen as an alternative aviation hub to NAIA
Lamudi Philippines, an online marketplace for properties, credit these projects for particularly making provinces north of Metro Manila as emerging real estate hotspots.
If you are looking for a real estate property outside of the capital, take advantage of the fast-growing and booming North Luzon where you can make the most out of your investment. Ayala Land, Inc.’s mid-range brand and one of the leading property developers in the country today, Avida Land offers a diverse selection of choices in the North where many of these developments are happening. Avida’s portfolio includes Avida Parkfield Settings Pulilan and Avida Settings Altaraza in Bulacan; Avida Settings Alviera and Avida Northdale Settings Alviera in Pampanga; Avida Settings Cabanatuan in Nueva Ecija; and Avida Settings Tuguegarao in Cagayan. Visit the company’s website to learn more about these exciting projects and Avida Land’s expanding foothold in North Luzon.