The stage is set for robust property appreciation in North Caloocan, Novaliches, all the way to San Jose del Monte in Bulacan with the completion of MRT 7 by yearend, according to executives of Leechiu Property Consultants (LPC) executives.
“The 24.7-kilometer rail and road project that starts from North Avenue in Quezon City will unlock the potential of tracts of land along the route as they become easily more accessible to Metro Manila’s business districts and other places of work,” said Alvin Magat, LPC director for Investment Sales. MRT 7, a project of San Miguel Corp., will connect to LRT 1 and MRT 3.
It now takes up to three hours to commute from these areas to Makati, said Magat, who noted that if you “take MRT 7, then connect to MRT 3 to Makati or LRT 1 to Manila from the North, travel time to business districts along the route will be cut to less than an hour. This development will entice middle managers and employees and their families to give up Metro Manila’s more crowded and expensive residential units for attractive and more spacious, masterplanned neighborhoods in the North.”
In anticipation of the completion of this ambitious rail project, major developers including Ayala Land, the Araneta Group, SM Development Corp. and Vista Land have already acquired properties along the MRT 7 route and its 14 stations. They foresee that just as infrastructure like South Luzon Expressway, the Skyway and their extension projects primed affordable housing projects in Cavite and Laguna, MRT 7 will do the same for northern Mega Manila.
As usual, those who will be rewarded are those who make their purchases way before the rest, according to Magat.
“No matter what the economic situation, properties in strategic locations will always remain great investments,” he added.