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Why It’s Good to Buy a Home Near a Future PNR Station
Published by: Cheyenne Hollis (DOT PROPERTY) | November 07, 2018
There is a lot of excitement surrounding the PNR North 1 line that is slated to begin operations in 2021. The 38-kilometer, mass transportation railway will connect Malolos with the National Capital Region, slashing travel time from the North to Tutuban in half.
The second phase of the rail project will see PNR North 1 extended to connect Metro Manila with Clark International Airport and New Clark City. Travel time from airport to city will take less than an hour once completed. With Clark International Airport set to open a new airport terminal in 2020 and two other terminals in the pipeline, the PNR North rail line will boost tourism prospects for the country.
Property prices around planned stations along the LRT-1 southern extension and Metro Manila Subway routes have increased since being announced, a recent report from Colliers International Philippines noted.
“The areas around these stations are appealing locations for both property developers and investors. Not only will land values appreciate in these locations, but it will also spur the development of new properties in both the office and residential sectors,” Joey Roi Bondoc, Colliers International Philippines research manager, told Entrepreneur Philippines.
This trend is fairly common around Asia. For example, home prices around the new Express Rail Link terminus station in Hong Kong have increased significantly since its opening date was announced.
Homeowners around the terminus station of the new rail line that connects Hong Kong and Guangzhou in China enjoyed capital appreciation of ten percent last year, according to Hong Kong-based property agency Centaline. Additionally, prices around the station are predicted to rise by as much as 15 percent during the next 12 months.
Cheer Residences offer investment opportunity and lifestyle near a PNR Station
Connected to SM City Marilao along MacArthur Highway, Cheer Residences is situated in an ideal location. Being next to a popular mall and major highway has already added value to home prices, but a PNR Station is also being constructed close by.
What’s more, Cheer Residences is the first residential development in Bulacan to offer direct access to a shopping mall. This ensures those living here can enjoy unmatched convenience as the stores and dining options of SM City Marilao are only a few steps away.
The design of the estate is superb with eight buildings spread out and separated by trees and green areas. Cheer Residences feature a number of amenities including a fully-equipped clubhouse, swimming pool and playground. There is also 24/7 security as well as a welcome lobby.
A look at Cheer Residences
Developer SM Development Corporation has gone the extra mile to take care of home owners at Cheer Residences. Top-notch property management is on-site handling unit maintenance, building maintenance and amenity maintenance.
Best of all, the price for a home at Cheer Residences still remains affordable, however, prices will rise as work on the PNR North 1 line continues. Now is your chance to enjoy a luxurious lifestyle at a reasonable price.
This article was brought to you by SMDC Development. For more information on Cheer Residences, click here.