Real-estate company Federal Land Inc. is on track with its 2022 targets with new properties that are seen to help drive socioeconomic activity in Marikina, Manila, and the Manila Bay Area in Pasay City.
“We are optimistic that the sector will see a significant rebound this year. This is the reason we remain aggressive in introducing new properties in key areas in the Metro. As more people resume their previous routines, we shall provide them with living options that will fit their needs and respond to their demand for a holistic, sustainable lifestyle,” Federal Land Inc. sales group head Margarita Saenz-Resurreccion said.
This position supports the findings of the recently released Colliers Property Market Report, which listed “improvement in consumer and business confidence” as among the key market enablers for the sector.
The report, released on February 9, mentioned the overall Metro Manila vacancy rate is expected to go down to 16.2 percent by the end of 2022, from 17.9 percent in 2021. “This points out to a healthy supply pipeline,” it said.
Colliers also sees gradual recovery in rents and prices and expects an increase of 1.7 percent and 1.5 percent, respectively, as demand grows. It also cited data from the BSP’s latest Residential Real Estate Price Index (RREPI) report showing nationwide home prices increased by 6.3 percent YOY in Q3 2021 due to stronger consumer demand for residential property.
The group also encouraged residential developers to “continue lining up projects, both condominium and house & lots, in line with the anticipated recovery of the economy and as more professionals return to traditional offices located in central business districts.”
New developments
Federal Land is set to launch new residential towers in Marikina with Siena Towers, Manila with Quantum Residences, and in the Manila Bay Area with Mi Casa.
“All these developments are strategically located in areas with various commercial and lifestyle choices, with nearby schools, hospitals, and major thoroughfares. They feature a wide range of amenities and access to the outdoor space that allow residents to lead an active, well-balanced life,” Resurreccion said.
Located along Sumulong Highway in Marikina City, Siena Towers is a modern take on the town of Siena, Italy, where rural charm and progress abound. It is an ideal option for those looking for an upgraded suburban living and access to modern conveniences at a reasonable price. For its latest residential property in Taft Avenue, Manila, Federal Land’s Quantum Residences is among the company’s real-estate developments that are seeing high demand from property buyers, both here and abroad.
The three-tower mixed-use condominium is designed to fit the modern lifestyle. It is fiber optic ready, so everyone in the family is assured of fast and reliable connectivity for work, learning, and entertainment.
Mi Casa, on the other hand, is an upcoming vertical residence located within the Central Business Park island of Manila Bay Area designed for contemporary Filipino living. It is a tropical-inspired residence nestled in the middle of a thriving community which makes an ideal home for executives and business owners who live a fast-paced life but aspire to go home to a quieter place that allows for relaxation and repose.
“Overall, these properties are good investment options for those looking for a place to live, rent out, sell, or unwind,” Resurreccion concluded.
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The article was originally published in Business Mirror.
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