The real estate market in the Philippines has grown over the past years. Recent data shows that demand for residential properties are coming to full swing as the market is marked with optimism with sectors opening up and returning to on-site work is being encouraged. In general, properties are seen as good investments not just because of the flourishing industry but also because of the fact they appreciate in value.
As what former United States President, Franklin D. Roosevelt has said, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
While investing in real estate isn’t the easiest thing to do, buying a home as soon as you can is always better as you can reap all the benefits of having your property for longer.
Condo units are one of the most viable and affordable property investment options. Aside from the convenience of condo living, they also spell out opportunities for many enterprising individuals.
Here are more reasons why buying a condo is considered a good investment.
1. Affordability (as compared to other kinds of properties)
There are so many condo property options in the current local market and for sure, there is a project available for every income segment on the spectrum.
There are high-end, luxury condos from which heavy investors can rake in huge profits. Likewise, there are affordable projects that are low-cost and offer flexible payment terms and in-house financing.
Compared to buying a house and lot, investors can definitely bank on the more affordable deals and the wide variety of options offered by condo developers.
2. Minimal upkeep
Typical condo fees generally always include a contribution toward the building’s upkeep and maintenance, but they may also include heat, water, sewer, garbage collection fees, security and others. This is a shared cost and so condo property owners benefit from the value it delivers.
3. Good neighborhood
Most condo buildings are situated in coveted areas where residents have access to a bevy of business, lifestyle, and retail establishments
Aside from that, condo properties are also known for communal spaces, such as parks, patios, or rooftops, where residents can get together and get to know one another better. This is not just about having a good neighborhood but promoting a sense of community as well.
4. Topnotch amenities
Condo properties are typically known for their amenities like a pool, rooftop terraces, or a fitness center. You can enjoy these amenities right where you live without the need to pay extra for gym fees, pool access and others.
5. Resale and renting value appreciate over time
The property economy continues to grow. Condos in key locations are seen to have high resale value especially among the middle to upper class market segments making it a good investment. They also prove to be prime rental spaces because of the popularity of staycations and airbnb’s plus the recent influx of people who prefer to live closer to work than commuting every day.
Your best condo investment is here.
One Lancaster Park (OLP) is the first and only condominium project in Lancaster New City, Imus, Cavite that combines the convenience of the metro with the safety and open-air feel of suburban living. OLP is developed by Famtech Properties Inc., a joint venture between property innovator PH1 World Developers Inc. and housing developer Property Company of Friends Inc. (ProFriends).
Located at Lancaster Square New City, Brgy. Alapan II-B, Imus City, Cavite, it is just a 10-minute drive from Cavite Expressway (Cavitex) and 30 minutes from Ninoy Aquino International Airport and SM Mall of Asia.
At One Lancaster Park, you can embrace a full life with no worries. You can rest easy residing in a safe sanctuary equipped with 24/7 surveillance and CCTVs, smart cards, power generators, fire detection sprinkler system, perimeter fences and more.
The property also has topnotch amenities like family bonding zones, kids zones, active zones and pocket gardens. It also boasts a 7-hectare park that is available and exclusive to residents. Retails stores are also expected to rise within the property.
Truly, One Lancaster Park is a good investment and is worth every penny.
One Lancaster Park Tower 1 is expected to be completed by the first quarter of 2024 and another tower is set to rise soon.
For more information, visit https://www.onelancasterpark.com.ph or send a message via Facebook and Instagram.
You may also call 0917 852 8114 or visit their showroom located at The Square Lancaster New City, Advincula Avenue, Imus City, Cavite.
