Finding opportunities in ‘Gold’

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Finding opportunities in ‘Gold’

Published By: Property Report PH | November 9, 2020

SMDC Gold Residences offers promising proposition for home investment

Opportunities continue to abound for Philippine real estate.

Despite these unprecedented times, real estate has proven anew that it remains a safe and viable investment option, particularly for those looking to diversify their portfolio.

While the pandemic has undoubtedly impacted real estate, the numbers, however, tell an encouraging story. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that nationwide residential property prices rose 27 percent in the second quarter of the year, while the country was at the height of stringent lockdowns and a pandemic.

Such impressive year-on-year growth — the highest recorded since the BSP started its Residential Real Estate Price Index (RREPI) in 2016 — was driven primarily by higher demand for upscale projects. In Metro Manila alone, residential property prices grew at a faster pace at 34.9 percent for the same period.

According to Colliers International Philippines, the mid-income, upscale, and luxury units covered 80 percent of total take-up in the pre-selling market in the first half, during which price increases were even seen, particularly for the high-end projects.

Evidently, property developers are still optimistic, investor confidence has remained strong, and investment prospects continue to be attractive for the Philippine real estate industry.

‘Gold’ opportunity

One developer, in particular, continued to have strong confidence in the market as it pushed through with its expansion plans in the second half of the year.

SM Development Corp., the wholly-owned residential developer of SM Prime, is tapping the market’s strong appetite for premier integrated communities as it introduced pioneering projects to the market, the latest of which is Phase 2 of Gold Residences.

Rising within the 11.6-hectare Gold City in Ninoy Aquino Avenue, Parañaque City, Gold Residences seamlessly fuses luxury and utility, elegance and convenience to provide a bespoke lifestyle for the highly discerning, modern-day urban dweller. This residential enclave will be part of a vibrant, fully-integrated development with living and working spaces, lush open areas and commercial hubs located within a single, self-contained community.

There is no doubt that Phase 2 of Gold Residences will yield another “gold” opportunity for investors and may replicate the highly successful record take-up seen in Phase 1.

Just three days following its official launch in November last year, Phase 1 of Gold Residences was nearly sold out, raking in a hefty P17.5 billion in total sales, or 99 percent of the units. Its value has since grown at a compounded annual growth rate of eight percent, thus proving this early its promising potential for capital value appreciation.

Pioneering proposition

It would come as no surprise that Phase 2 of Gold Residences will see the same strong reception from the market, owing to the kind of pioneering value proposition that it offers — foremost of which is the highly-strategic location that places it near the NAIA terminals, business districts, commercial and entertainment centers, large-scale shopping malls, hotels and other establishments. It is close to major thoroughfares such as the NAIA Expressway and Skyway and other key infrastructure projects.

Add the fact that Gold Residences rises in a masterfully crafted integrated community and offers well-appointed living spaces, upscale amenities and pioneering features that aptly cater to evolving needs and lifestyles in the new normal.

For homebuyers, a unit at Gold Residences offers a sense of security and unparalleled convenience as essential shops, services and transport hubs are nearby.

Investors, meanwhile, are afforded a potential source of passive income from leasing, catering to those who plan to live and work in Gold City or tourists and visiting expatriates who will prefer the safety, security and convenience of an SMDC community that is highly accessible from the airport. And it will be made even easier by SMDC’s property management team, which can offer its tenancy and leasing services to ensure a hassle-free property investment.

More importantly, both homebuyers and investors are set to benefit from having a stable, reliable asset that would appreciate in value. Before the COVID-19 outbreak, capital values were projected to grow by an average of 12.4 percent yearly from 2020 to 2022. If held over the long term, your real estate asset can be a way to preserve your wealth as well.

With expectations of a recovery starting 2021, Phase 2 of Gold Residences all the more holds an exceptional, potentially rewarding opportunity for investment that could yield favorable benefits, making it an investment well worth its weight in gold.

For more information on Gold Residences, visit the Gold Residences property page.

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