Nowadays, our lives always seem to be at risk.
With the COVID-19 virus still in our midst, many of us continue to fear for the future. No one is certain what is to come soon as the world continues to adjust to the new normal or life amid a pandemic.
Thankfully, there are some things that remain certain, even in the most difficult times. In particular, our basic need for shelter has become more pressing, as our homes nowadays serve as our sanctuary against the spread of the virus. The accessibility of essentials and work places has also been highlighted by our current situation, with transportation being affected by the pandemic as well.
If you’re looking to invest during these times, it might be a wise idea to consider real estate. People would always need homes to live in, offices to work in, and shops to buy essentials from, whatever the situation is.
One project, in particular, serves all these needs in the heart of a bustling business district. The Galleon, a premier development in Ortigas Center, might be your best investment yet, even in these uncertain times. Read on to find out more about this latest offering from Ortigas Land.
What the Numbers Say
Even before the pandemic, the Ortigas central business district has been promising a good yield for its investors.
Since 2001, the area has consistently increased in terms of land value, rivaling only Makati CBD and Fort Bonifacio. Compared to other business districts, however, Ortigas Center shows a larger room for growth as its home, Pasig City, continues its development as a bustling urban center of Metro Manila.
In terms of residential spaces, Ortigas Center has one of the lowest vacancy rates in Metro Manila. According to a 2019 report by Colliers, the area boasts of a 4.5 percent vacancy rate and 6 percent appreciation in prices among existing residential units.
With the pandemic upon us, Ortigas Center remains to be a haven for investors. This is because even before the pandemic, the area is already being developed to accommodate integrated communities.
The Benefits of Integrated Communities
The demand for homes that have easy access to everything has never been greater than today. Thankfully, some developers had the foresight to design spaces which offer residential, office and commercial spaces in just one estate.
Ortigas Land is one such developer that did this with its up and coming project. Consisting of two tower structures, The Galleon is a mixed-use development that caters to our basic needs and more.
The first tower offers 418 office units and 53 retail units. It is the ideal setting for premier office firms in the metro, offering majestic views of Ortigas Center and its nearby vicinities. The tower is certified Grade A-LEED, assuring its users of a sustainable and eco-friendly place to work in.
The second tower, meanwhile, makes up the residential sector of the project. It is designed to house 509 residential units, consisting of one-bedroom, two-bedroom and penthouse cuts. Each floor will only have 12 units, limiting the population density and thus increasing the security of its residents.
In addition, every residential unit is equipped with contactless control of lights, electricity, temperature and other conditions inside the home. The exclusivity and high tech features of Residences at The Galleon are particularly appealing nowadays, as we live in the era of the new normal.
These offerings make The Galleon an ideal model of an integrated community. You basically have everything within your reach, with your work space and residential space brought closer together. With the addition of retail units in the area, you know that you’re also just a few steps away from the supermarket or shop whenever you need to purchase essentials. By living in a community such as this, you know that you’re getting your money’s worth.
Promising Prospects
If you’re thinking of renting out your office or residential unit at The Galleon, there are numerous prospective clients that you can cater to in the area.
In particular, the Asian Development Bank (ADB) is nearby. The staff of this multilateral agency may be a promising market to The Galleon investors, as its proximity to their office would definitely be an enticing factor. In addition, other large offices are also situated in the area, which include Maersk, BDO Corporate Center, JG Summit Holdings Inc., and San Miguel Corp. The presence of numerous corporations in the area offers a lot of promising prospects for those hoping to lease out their spaces.
To accommodate this upscale clientele, The Galleon has been designed to feature luxurious amenities. Future residents of The Galleon will have access to a mini theater room, game room, swimming pool, sauna and gym for their exclusive use. More significantly, green open spaces abound in the area, offering both residents and office employees a break once in a while from the urban setting.
Coupled with the building’s exquisite finishes and generous spaces, you know that you’re going to be offering the best to your prospective clients with a unit at The Galleon.
Secure a Bright Future at the Galleon
Whether you’re looking to live or lease out spaces, The Galleon by Ortigas Land is worth considering as your next investment. Even if we live in uncertain times nowadays, you can be sure that this development is well-designed for the future, even if the future is the new normal.
While nothing is guaranteed in life, there are just some things that you know will always be needed by people.
Whatever happens in the coming months, you know that people will always look for a place where they can live, work and play comfortably and conveniently. Seize the opportunity today to cater to this market, whether you’re looking for a new office space or a residential unit.
With The Galleon, you know that you’ll be offering the best life experiences, even in the worst of times.