SMDC Gold City: Perfect Investment Amidst NAIA
BY Philip Cu-Unjieng
• 4 min. read
Rick Santos, Chairman and CEO of Santos Knight Frank, discusses the overall prospects of the 2024 Philippine real estate market.
The year 2024 presents a promising opportunity for individuals interested in investing in property. After experiencing a buyer’s market during the pandemic, the dynamics have shifted to benefit sellers; largely driven by a surge in demand, coupled with a constrained supply. This surge is underpinned by positive sentiments surrounding an investor-friendly President Ferdinand R. Marcos Jr. Administration, an optimistic business outlook, and the economy’s remarkable resilience.
NAIA’s Growth Catalyst
With the excitement surrounding the successful awarding of the rehabilitation of the Ninoy Aquino International Airport (NAIA), it’s a given that the next few years will see a resurgent flurry of interest and activity in the areas contiguous and proximate to any of the existing NAIA terminals. An expected $3 billion will be poured into this rehabilitation by the SMC Group.
There’s no stopping the SM Development Corporation’s (SMDC) Gold City from soaring to new heights, given that this NAIA rehabilitation will see added Tourism potential for the country as a whole and exponential growth for the areas surrounding the terminals.
Whether by design or coincidence, Gold City now stands as a prime investment option – the rehabilitation and enhanced airport infrastructure attracting business and travelers, leading directly to a higher demand for office space, and residential units, within the proposed Gold City. Located right across the NAIA Terminal 1, the planned township is readily accessible via several major thoroughfares; via EDSA, CAVITEX, and the C-5 link.
The Ultimate Live-Work-Play Destination
SMDC Gold City is an 11.6-hectare, master-planned township in Parañaque City, that promises improved connectivity, excellent business attraction, and keen global competitiveness. The township is complete with residential, mixed-use, and commercial developments, ensuring that buyers are within reach of all their needs.
One distinct highlight of the Gold City master plan would be the Gold Towers Residential-Offices – a set-up that’s perfect for MSMEs, businesses, and digital-based entrepreneurs who do not require big office spaces, and like the convenience of utilizing their residential units as their registered office addresses.
The Gold Towers will consist of two towers, inspired by the look and lustrous surface of gold bars. It’ll be opulent, sleek, and powerful. For those who will reside and set up businesses at the Gold Towers, the features and amenities are all top-flight. A Commercial Hub that caters to your business and personal needs, a grand lobby with turnstile systems that ensure security and protection to the unit owners and residents, and an activity courtyard that promises diversity, recreation, and convenience.
Function Halls and a Business Hub Reception area make the building transform into your personalized office space, as needed. A Fitness Hub, Lap Pools, Garden Walkways with Kiddie Pools, plus the Sky Lounge are recreational amenities that add to the reasons why Gold Tower is the ideal choice.
Recognized For Excellence
The township has already been distinguished, having garnered the Best Mixed-Use Development at the DOT Property Southeast Asia Awards, Best Township Development at the DOT Property Philippines Awards, and Best Mixed-Use Condo Development at the PropertyGuru Philippines Property Awards.
Further, Gold Residences – the residential development within the master plan – has also been awarded Best High-end Condo Development, Best Lifestyle Development and Best Landscape Architectural Design at the PropertyGuru Philippines Property Awards.
A Gold Investment
For the ones in the ‘game’ as Investors, there’s the Increased Tenancy Potential, with SMDC Good Stays providing the tenancy management services. It’s a proven SMDC feature that has strong testimonials from those who have invested in other SMDC locations and were desirous of remote property management.
The Value Appreciation of Gold City is something we can look forward to, given the enhanced prospects of the area, and the fact that the very competitive prices could be attractive to international investors and buyers. It’s a fresh market that hasn’t been fully explored yet but could very well be the next wave of investment in the Philippines, given the favorable investment climate and solid track record for growth.
There’s also the even more attractive proposition that turnover should be starting by late 2025 for Gold Residences and early 2026 for Gold Towers – which means they become income-generating assets.
Gold City is a future-proof investment – with a Compound Annual Growth Rate (CAGR) that may be hard to match. It’s reasonable, affordable investing, with a tremendous upside and less risk. The picture will just get brighter, as the planned rehabilitation of NAIA starts to happen.
For inquiries and more information about Gold City, head to SMDC.com, and follow SMDC’s official social media Pages @TheOfficialSMDC.