The country’s residential sector is manifesting signs of recovery as investors and homebuyers with more purchasing power r egain confidence in the property market. According to the Bangko ng Pilipinas’ Residential Real Estate Price Index (RREPI), residential property prices rose to 27.1% year-on-year in the second quarter of 2020, the highest growth rate recorded since 2016. This is expected to fuel residential demand as buyers seek low density properties with better amenities and facilities. With the Philippines retaining its BBB credit rating, the prospect of mass vaccination in 2021, and improvement in market sentiment, property developers are optimistic of the opportunities ahead.
Infrastructure drives community and economic growth
The recent Colliers Philippine Property Market Report reveals that key infrastructure projects within and outside Metro Manila will help drive economic growth beyond 2021. The bulk of new buildings are already decentralizing away from high population centers to middle-tier cities. The new normal is fueling this shift, as consumers seek to avoid large crowds and have better access to open space while enjoying access to everyday conveniences. The rise of telecommuting has also diminished the need to be in close proximity to offices or transit, so homebuyers have more flexibility in choosing places that they can call home.
Southern Luzon is one of the fastest growing regions in the country. In Laguna alone, several infrastructure projects are expected to push industrial and residential values in the locale. The Cavite-Laguna Expressway (CALAX), for example, is projected to significantly ease traffic congestion and provide efficient transport facilities in key development areas such as Sta. Rosa, Governor’s Drive and Tagaytay.
In the case of Sta, Rosa Laguna, greater access and ease of mobility contributed to its progress and growth, molding it into a strategic residential, industrial, and recreational hub. The thriving city is home to masterplanned communities that attract business owners, investors and homebuyers.
Greenfield City: An Inspired way of living
Greenfield City, the brainchild of Greenfield Development Corporation, is one of the most iconic townships in Sta. Rosa, Laguna. Located at the heart of the “Lion City of the South”, Sta. Rosa, Laguna, Greenfield City is a 400-hectare self-sustaining network of residential, commercial, industrial and recreational communities. Patterned after a park-living concept, Greenfield City puts a premium on open spaces and nature and offers a refuge for those who are looking for a refreshing shift in scenery and lifestyle outside of Metro Manila.
Zadia and Trava are just two of Greenfield’s exciting developments that look toward the future. Zadia was created with the spirit of fusing modern living with a nature-inspired lifestyle. It is for that reason that the property has devoted 80 percent of its area to parks, outdoor amenities and green open spaces—a comfort practically unfounded in Metro Manila. While Trava, a 33-hectare residential development, dedicates 45% of the property to expansive green meadows, playgrounds, & tree-lined wide roads. Aside from its lush surroundings, Trava incorporates sustainable concepts such as underground utilities, solar-powered green roofs, and the use of eco-friendly building materials to create a peaceful, sustainable luxurious haven of suburban living.
Greenfield Development Corporation believes that the concept of building offices, condominiums, supermarkets and restaurants within one community satisfies the homebuyer’s demand for greater mobility and convenience—features only a masterplanned community could provide. Greenfield City is a fine example, as it is strategically located just a few kilometers away from the South Luzon Expressway via the Greenfield City-Unilab interchange and the Cavite-Laguna Expressway – making it easily accessible from Metro Manila. Furthermore, retail outlets and al fresco dining in Paseo Outlets, Laguna Central and Arcadia provide a wide variety of choices for shoppers and foodies while residential establishments in Greenfield City are well within reach of landmark business, commercial and industrial centers.
For Greenfield Development Corporation, creating lasting, sustainable living spaces is at the core of everything they stand for. Its mantra, “Building for Generations,” exemplifies the company’s commitment to contribute to the progress of the country by pioneering future-proofed, masterplanned communities with environmentally friendly and architecturally sound homes that can be inherited by many more generations to come.
ADVT
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