In an urban jungle such as Metro Manila, sustainability, liveability, walkability, and connectivity are the four elements one should be on the lookout for when investing in real estate — elements that can all be found at Light 2 Residences, SM Development Corporation (SMDC)’s master-planned, mixed-use development in the heart of the Philippines’ capital.
Strategically located along EDSA, and directly linked to the MRT-3 Boni Avenue station, Light 2 Residences is an ideal real estate investment because of what it promises: An exceptionally convenient city life for those wanting to lead a thriving lifestyle in Metro Manila. Location-wise, Light 2 Residences hits the sweet spot, with five business districts easily accessible to its residents — Ortigas, Makati, Bonifacio Global City, Quezon City, and even the Mall of Asia Complex — making their daily commute hassle-free.
Ongoing transportation developments such as the Metro Manila Subway will also be in Light 2 Residences’ close vicinity, with the planned Ortigas South Station just approximately a kilometer away. The subway development will have 17 stations, expected to further ease the residents’ travel to the cities of Quezon, Pasig, Makati, Taguig, Paranaque, and Pasay.
According to a study by the Asian Development Bank on Sustaining Transit Investment in Asia’s Cities, “the growth in value of land parcels in Metro Manila within one kilometer of MRT-3 stations is higher than for parcels more than two kilometers away from a station. Residential parcel value grew by $154 per sqm. more, and commercial parcel value grew by $545 per sqm. more in near-MRT-3 areas, compared to farther-out comparator parcels, despite a similar growth trend in parcel prices for all areas prior to announcement of the MRT-3 project in 1995.”
Moreover, the study states that conservative estimates of total value uplift attributable to public investment in MRT-3 is close to $3.4 billion — roughly five times the $655 million construction cost of MRT-3.
Given Light 2 Residences’ accessibility, it’s easy to see just how valuable this piece of property will be to those who will invest in it. Adding to Light 2 Residences’ value is the new wing of its integrated commercial complex, Light Mall located on its ground floor, which offers residents an ample selection of restaurants and shops. The metro’s best malls are also but a hop and a skip away, thanks again to the property’s direct connection to the MRT.
Jessica Bianca Sy, SMDC Assistant Vice President – Business Development Cluster Head, gave further insight on the company’s design philosophy, and how it is grounded in creating communities that satisfy more Filipinos’ aspirations. “With the belief that sustainable living should be accessible to more people, SMDC continues to develop safe and secure master-planned communities that are within reach of every Filipino family,” she emphasized.
Like many well-connected SMDC developments, Light 2 Residences is a testament to how DOT Property Philippines’ “Developer of the Year” puts a premium on the value of time and quality of life — empowering Filipinos to spend more time for their career, family, friends, and personal pursuits.
With almost a hectare of amenities consisting of landscaped greenery, multi-purpose open spaces, group exercise facilities, swimming pools, and jogging trails, Light 2 Residences promises no shortage of health and wellness-oriented activities.
As the future of the workplace changes and moves toward more remote or hybrid environments as well, Light 2 Residences supports its residents, many of whom are professionals, with spaces and lounges that allow for both collaboration and entertainment.
If you’re looking to purchase real estate for the purpose of monetizing your unit, Light 2 Residences’ location strongly supports the “bid-rent theory,” as cited in the aforementioned study by ADB, which posits that “households and firms are prepared to pay a certain amount of money for the location of the land, based on the value they place on that location’s accessibility to markets, jobs, and other activities.” Given the amount of transportation infrastructure being built around Light 2 Residences, those who take the opportunity to purchase a piece of this premium property can, likewise, expect a positive impact on its ability to appreciate as time goes by.
Light 2 Residences will have a total of 4,190 units in two towers, with 46 residential floors each. Tower 1 is expected to be turned over by September 2024, and Tower 2, January 2025. Studio, one-bedroom, and two-bedroom units are available for both.
“SMDC remains steadfast to its commitment to respond to the ever-evolving needs of Filipinos. We are resolute in bringing our sustainable integrated developments to growth areas across the country, in order to provide even more Filipino families a better quality of life,” said Jessica Sy.
To know more about Light 2Residences, visit https://smdc.com/properties/light-2-residences/.
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The article was originally published in Inquirer.NET.
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