While the Philippines offers a number of emerging real estate hotspots across the country, South Luzon has remained consistent in attracting property buyers. And there are many reasons why.
Rapid economic growth
Connecting Metro Manila to the southern portion of Luzon, the Calabarzon Region is seen by many as an ideal location for businesses. This is one of the reasons why it continues to see an influx of investors who have been setting up facilities in this region. The region’s frequent economic activity further makes it an attractive investment location for IT and industrial parks, shopping centers, condominium complexes, and mixed-use developments, among others.
A case in point is the city of Sta. Rosa in Laguna. Just like its surrounding localities, Sta. Rosa is home to economic zones that help the local economy. Among these are Laguna Technopark, Sta. Rosa Commercial IT Park, Greenfield Automotive Park, and Lakeside EvoZone. In terms of revenue, this city surpassed the P1-billion mark in 2007. It was also named one of the top 10 Next Wave Cities by the government due to its growth potential.
Scenic spots make one’s journey to the south more enticing.
Proximity to Metro Manila
South Luzon offers the perfect balance between urban and rural living. Since it is relatively close to Metro Manila, residents can quickly join the hustle and bustle of urban life, access its thriving retail and business market, and benefit from its state-of-the-art healthcare facilities.
At the same time, residents can also enjoy captivating sceneries of rural life, such as the chilly winds of Tagaytay, the historic churches of Batangas, and the expanding resorts of Laguna.
Improved transportation infrastructure
Improved infrastructure makes doing business in the region
easier and more attractive.
The government has been investing in improving transportation infrastructure, making it easier for people to travel to and from South Luzon. These developments include the construction of new airports, bridges, and highways such as the Cavitex (Manila-Cavite Expressway), MCX (Muntinlupa-Cavite Expressway), and CALAx (Cavite-Laguna Expressway).
However, despite the constant developments happening simultaneously, the region remains to have generous spaces for wide roads, community parks, and tree-lined sidewalks.
Attractive property prices
Heritage structures also abound in the region.
Developers are no strangers to the existing qualities and future potential of South Luzon as a real estate hotspot, and with that, property prices can rise. However, compared to other areas in the Philippines, property prices in South Luzon are relatively affordable, making it an attractive location for those looking to invest in real estate.
Natural beauty
South Luzon is well-known for its beautiful beaches
Despite the progressive outlook for South Luzon, the region keeps its roots intact by maintaining its natural beauty. It is well-known for its beautiful beaches, spanning mountains, lush greenery, and cool climate, making it a desirable location for outdoor recreation, a relaxing place to settle with, or both.
The city of Lipa in Batangas, for example, managed to retain its rural charm with its variety of retreat facilities and historic churches, such as the century-old Metropolitan Cathedral of Saint Sebastian, also known as the Lipa Cathedral.
Key takeaway
From the economic potential to the high quality of life it can offer, there is no denying that South Luzon is the place to be. If you plan to purchase a real estate property for personal or business reasons, the provinces in South Luzon, in particular, should be on your list.
The author (www.ianfulgar.com) is one of the premium architects in the Philippines who assists local and international clients in enhancing hotels, condominiums, museums, and commercial and mixed-use township developments with distinctive and forward-thinking design specialties for the real estate industry.