Sail away to the lap of luxury
While the more established central business districts continue to offer opportunities for many investors, a number of emerging hubs within and outside the metro are also presenting equally profitable propositions—both for the property developers and the buyers.
Case in point is the Manila Bay area that spans across portions of Manila, Pasay and Parañaque, including areas along Roxas Boulevard and the Mall of Asia complex. While developments in the Manila Bay area have stepped up just over a decade ago, land values and prices of residential condominiums and offices here have since surged by leaps and bounds over the last five years.
Data from Colliers International Philippines showed land values in the Bay Area have risen by about 28 percent a year from 2010 to 2018. Starting from only P40,000 per sqm, land values here now stood at a whopping P330,000 per sqm. And if this bullish run continues, the growth potential can even be more astounding as promised.
Based on recent estimates by Colliers, that potential can be anywhere from 25 percent to 30 percent year between now and 2021.
That potential is not baseless. Consider only three major factors and the deal is set: there is indeed no other way for the smart investor in you but to buy into a property in the Bay Area, where returns are seen highly promising. And it’s not too late too, to cash in on the opportunities presented by this district, as there remained room for further growth and expansion, with many new projects being launched while other developments are still under construction.
For one, the Bay Area offers a strategic location as it is near the airport and major business districts in the metro. Key infrastructure projects such as the NAIA Expressway have further eased the accessibility of the Bay Area, thus boosting the attractiveness of this district as a residential and business destination. And of course, there are already established mixed use developments, like the 67-ha Mall of Asia complex, which afforded residents, locators and tenants proximity to a sprawling mall, offices, residential condominiums, and many other prime prime establishments and institutions.
Such a concept of having everything nearby appeals especially to today’s investors and homebuyers who now demand for greater mobility, accessibility and convenience. Hence, many of them choose to invest in a residence within such a complex to complement the hurried pace of their cosmopolitan lifestyle.
Within the MOA complex one can find the Sail Residences, the latest addition to SM Development Corp.’s premium selection of condominium developments within the area. Set to rise within a world-class destination, Sail Residences promises to provide future residents first hand access to almost everything they need, leaving them spoiled for well curated choices.
Located at the heart of the 21st century Bayside entertainment and lifestyle district, Sail Residences will be a four-tower, mixed use premium development that will allow discerning investors and well-heeled homebuyers to revel in a luxurious lifestyle premised on elegance and utmost convenience. It will be seamlessly integrated within MOA’s commercial environment.
With this enviable address comes the privilege to have living spaces delicately crafted by designers, who envisioned a modern and rich design concept characterized by sleek, clean lines fitted with spacious balconies. Sail Residences will feature glass balconies for some of its units, thus giving residents stunning views of the famed Manila Bay; hotel-like lobbies; high-grade finishes; bespoke furnishings such as sail sculptures; and sail-like ceiling lights to achieve that luxuriously grand yet warm ambience.
Unit cuts at Sail Residences range from a 32.16-sqm one-bedroom unit with balcony to an 86.07-sqm three-bedroom unit with balcony. Future residents can look forward to lounging in the Sail Residences amenity area, to be built in the middle of the four towers, featuring separate cabana areas, a maritime-inspired pool, jacuzzis, kiddie playground, palm terraces walkways, a lush central garden, a sailboat fountain, a clubhouse, and a fully-equipped gym.
So if you’re looking to invest in a property, might as well go all out: invest in a premium property such as Sail Residences, which will rise in a promising location such as the MOA complex, which can offer lucrative returns for your investment, and which is backed by a trusted name such as SM Development Corp.
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