Let’s explore why you should invest in BGC of all places.
According to Jones Lang LaSalle, a global property consultant, business owners prefer to have their corporate hub on BGC because of the sufficient supply of high-grade spaces. In 2014, the highest vacancy rate office space availability in BGC is 220,000 sq. meters.
What draws investors in the city is not just its urban environment, but also the quality of development of both residential and commercial buildings. Not to mention, developments in the city are continuous. Developers able to penetrate the city are only the most well-reputable.
2) Majority of the properties in BGC are overly modern in design.
Modern designs are very difficult to employ on urban areas, but not in BGC. The district has a master development plan that basically caters to modern architectures and landscapes. Some of these buildings such as W Global Center and W Fifth Avenue are found in Bonifacio High Street.
Developers are putting a premium on the value of the properties they build. Take Alveo Land for example. President Dante Abando claims that the Alveo employed third-party experts to ensure that no earthquake will have a major impact on the property as well as its dwellers. Safety is the number one priority.
Furthermore, BGC is located in a flood-free zone. In fact, the city is one among the very few places in Metro Manila that is flood-free.
4) BGC is highly accessible.
Again, BGC is one of the prime locations wherein its accessibility is the topmost priority of the local government. True enough, based on its development plan, the city is sandwiched between C-5 and EDSA, both are major roads. Thus, it is easier to hop from BGC to another city, if needs be, more so since EDSA is linking to both South and North Luzon Expressways.
Quick access to main establishments is also apparent. There are schools, hospitals, malls, restaurants and recreational areas within and nearby BGC.
Taguig, like Makati, is a highly prioritized area. There are very few utility services interruption perhaps due to the growing number of business operations in the area.
Not because its BGC, the prices of the renting and owning a property will be excessively high. Well, not compared to other major cities in the metro. The monthly lease rate is Php797.12 per sq. meter. This is lower compared to that of Makati which is Php970 per sq. meter.
When it comes to buying a condo, a luxury 3-bedroom condominium unit will cost you Php133,175 per sq. meter. In Makati, the same condominium unit will cost Php136,533 per sq. meter.
Looking at it from the law of supply and demand perspective, we can safely assume that the prices will be stable in the coming years.
6) Interest rates on financing a property are constantly declining.
A study conducted by KMC MAG Group Research & Consultancy revealed that the Filipinos are very keen in making investments especially those low to mid-range real estate properties.
Needless to say, the real estate industry is in its best shape. These favorable conditions including banks that offer financing options with low interest rates should encourage the people to purchase a property.
Growth and development are seen everywhere in BGC. Above are just the major reasons investing in BGC is a must – be it a condo unit or an office.
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