Demand for waterfront homes on the rise

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Demand for waterfront homes on the rise

Published By: Manila Bulletin | August 4, 2022

There’s a certain sense of prestige that comes with a waterfront address. Apart from the obvious reason of its supply being limited and it being high in demand, what truly commands this added premium for waterfront developments is the significant increase in happiness humans experience when they are near bodies of water.

Confirming this appeal is a study by Santos Knight Frank, which revealed that coastal and harbour developments are now becoming increasingly popular. About 23% of local respondents now consider properties facing bays, beaches, and lakes as their next home.

Much of this is attributed to the pandemic prompting people to weigh quality of life and to transform their lifestyles. Homebuyers are now paying more attention to residential developments that have location features geared for holistic wellness.

Aside from the obvious aspiration of welcoming the morning with the sound of waves, unwinding at night with cold beer and a cool breeze, or perpetually being in a blissful vacation state of mind, here are the advantages of investing in a waterfront property.

A sight for the eyes, a boon to well-being

Living by the water eases the mind and soothes the soul. Studies show that being surrounded by nature, or viewing scenes of nature contributes to one’s emotional health. This translates to improved physical well-being, too, with reduced blood pressure, muscle tension, and stress levels.

You don’t have to look far and wide, though, just to enjoy the many health benefits that a waterfront development offers. Located along Roxas Boulevard, SM Development Corporation (SMDC)’s Sands Residences offers not just glistening sunsets and breathtaking views of the Manila Bay, but well-rounded, resort-style living.

The 51-storey master-planned development houses a plethora of luxurious amenities that reflect SMDC’s commitment to building safe, secure, healthy, and sustainable communities.

Such commitment is evident in every touchpoint you will have at Sands Residences — from the lap pool and kiddie pool where your family could bond, to a sunset lounge and sunset lanai that give you a breather, to other social spaces such as the fitness gym where you could get your heart pumping, and a celebration hall where you could toast to your life’s successes.

Complementing well-appointed spaces in an SMDC development, of course, is an aura of affluence that they have always envisioned to provide residents with.

A true zenith of luxury, Sands Residences’ interiors are grazed with colors of gold and white. The grand lobby is an impactful welcome, and is a reflection of the stunning hues of the Manila Bay Sunset.

Rounding up this hotel-like design is a doorman that greets you and your guests a warm welcome. Utmost peace of mind is within reach too, with a front desk staff giving you on-demand assistance, a professional property management team providing upkeep, maintenance, and round-the-clock security.

An exceptional life at its finest

Roxas Boulevard is a major thoroughfare that stretches through the cities of Manila, Pasay, and Parañaque. The coconut tree-lined promenade serves as an iconic gateway to the many lifestyle opportunities that abound in the area.

For history, art, and culture buffs, iconic landmarks such as Intramuros, Rizal Park, Fort Santiago, and San Agustin Church are nearby. There’s a wide array of museums, as well, with the National Museum of the Philippines, and the Metropolitan Museum of Manila accessible from Sands Residences.

Pillars of Philippine entertainment and leisure, like the Cultural Center of the Philippines, World Trade Center, the Manila Yacht Club, and the newly renovated Metropolitan Theater, are right within your neighborhood. When it comes to shopping, among the premier options you have at your disposal is the SM Mall of Asia Complex.

“An Exceptional Life,” however, does not stop in the immediate vicinity of Sands Residences. Proximity to the Ninoy Aquino International Airport, and to vital thoroughfares such as the Skyway and South Luzon Expressway, bring you closer to endless destinations in and out of the metro.

Put those together with the many business and essential establishments around Sands Residences, and the government infrastructure projects coming onstream set to further improve connectivity, and you get a home positioned to be one of the most premium addresses in Metro Manila.

The home of your dreams, an ideal investment

As Andrew Frondozo, Head of Project Management at Santos Knight Frank, has said — “Better living, better circumstances, better timing starts now.” The gushing demand for waterfront residential developments — coupled with its limited availability, especially in major cities — equates to a bankable real estate asset.

Adding to the clamor for waterfront properties are the surging real estate values along Roxas Boulevard. According to a study of Leechiu Property Consultants, the bayside boulevard has a staggering 27% year-on-year price growth. In 2010, real estate value along Roxas Boulevard stood at P35,000 per sqm., and just a decade later, it was up to P450,000 per sqm.

Even more, the development’s proximity to historical sites and other tourist destinations in Manila, together with the unique, five-star experience it brings, put Sands Residences in a strong position to reap the rewards of the post-pandemic tourism boom. As CNN Travel has noted, people are all about “revenge travel” nowadays — which, for investors, means sustained demand for short-term leasing from both local and international staycationers.

Acquiring a waterfront home today, therefore, would be like hitting two birds with one stone: realizing the dream home you’ve always aspired for, and capitalizing on a rising trend that guarantees copious returns. Given its wide market base, premium offerings, and top-notch location, Sands Residences could be your most lucrative real estate investment just yet.

To learn more about SMDC’s Sands Residences, follow SMDC on Facebook, Instagram, YouTube, and Twitter.

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