Philippines: Best Cities to Invest a Condominium
In this time of pandemic, people have constantly been questioning if it’s already the best time to invest in real estate properties, particularly in condominiums. Looking at the context in different cities, the government has already been rolling out vaccination programs to the people; which means that the pandemic restriction might come to an end.
Hence, managing your money is vital in this challenging time. And by making sound financial decisions, you should know and note where the best cities are suitable for your investment.
As we all know, the Philippines is the best country to opt for when investing in real estate because of the progressing markup of the economy, build build build program of President Duterte, and ease of doing business ranking in South East Asia.
You might want to consider these as well why there is an increase in demand for the real estate industry; especially for those foreign investors. Now that you have read why the country has been steadily at the top for real estate; it’s time for you to know where the best cities are to consider or necessary for your investible funds.
DAVAO CITY
There is no doubt why Davao City is the best for investing. Local and even foreign investors have always been keeping their eyes open on what will happen next to the real estate industry of Davao. But we couldn’t just ignore the beauty of the city.
Of course, it has so much to offer, such as the ease of location, top universities are here, plenty of malls, the safest city in the country, tourist spots; and more future developments to come thanks to the build build build program. Therefore, some companies have also expressed their interest in why it’s worth it to establish their businesses here.
Especially when it comes to real estate, the company of Camella Manors is now at the top of the city’s real estate industry, for they have been providing suitable offers and promos of condominiums to clients.
PUERTO PRINCESA
This city is the most famous tourist spot here in the Philippines because it is listed as part of the seven wonders of nature (Daluyon, n.d). Visiting the city, especially in Palawan, Filipinos and Foreigners are always present due to the beautiful nature it brings to the people.
Moreover, we can insist that there are a lot of hotels present in this city, right? But do you know that there are also condominiums located here? Well, definitely, yes! Some of the top companies are already established in the city, which offers flexible and good deals to you, such as pre-selling and ready for occupancy units.
But I highly encourage you to invest in a ready for occupancy unit so that you’ll have no time to wait for you to live in the city.
CALOOCAN CITY
The city is located in the north point province of metro manila; where it is known to the people as the heart of the Philippines; and a highly urbanized city (OFW Investment, 2021). The advantage of living here is that it’s accessible to different locations, like Davao City; where you can quickly go to various malls, enroll in universities, and many more.
This will suit you as an investor since condominiums are already established; and ready for occupancy if you are from Luzon. Moreover, there are future and further developments of condominiums located in the city that are yet to appreciate. So If I were you, grab the opportunity now of living in this beautiful city.
These are the top cities in the Philippines dominating the real estate industry scene. Most of the other cities have also engaged with other companies for future developments of condominiums; which is why the country is progressively increasing the number of foreign investors; who perhaps pursue or acquire a property in the future. I hope that this article helped you in your decision. And best of luck in investing in a condo soon!
