Why golf course living is now hot property
The Philippines is experiencing a surge in the popularity of golf course real estate developments, fueled by the country’s expanding middle class and the growing availability of premium golfing facilities.
These developments demand luxurious living spaces with exclusive access to top-tier amenities and a blend of exercise, recreation, and social opportunities. These unique properties exude prestige and exclusivity in regions cradled in gated communities, often home to prominent figures.
Strategically located near commercial hubs and offices, they offer a perfect balance for those managing professional commitments and leisure activities. Moreover, their proximity to vital infrastructure such as airports and highways makes them highly desirable for residents and investors, enhancing their appeal in thriving economic zones.
Serene setting
Living in properties on or near golf courses offers a unique experience, with residents enjoying breathtaking views of well-maintained greens, tranquil water features, and picturesque natural landscapes. This serene setting provides a welcome respite from the hustle and bustle of the city, offering a peaceful and idyllic environment that is a world away from the typical urban jungle.
These masterplanned communities often come with access to an overload of luxurious amenities. These include the golf course, clubhouses, driving ranges, fitness centers, swimming pools, bars, lounges, and restaurants. These features blend leisure, sport, and social interaction, creating a lifestyle that is as alluring as it is unique.
Article continues after this advertisementEscalating property values
Investing in golf course real estate presents a golden opportunity for significant property value appreciation. These residences appreciate faster than regular residential properties, thanks to the high demand for such premium locations, their limited availability, and the continuous maintenance and enhancements to the golf course and related facilities.
Article continues after this advertisementFurthermore, fairway villages frequently attract affluent clients, which helps to maintain and even increase property prices over time. The premium associated with the golf course lifestyle ensures these investments withstand market volatility.
Cultural and lifestyle integration
Golf course developments also reflect a fusion of local culture and international standards of luxury living. The Philippines, known for its rich cultural heritage and natural beauty, provides a unique backdrop for these developments. Incorporating tropical architecture and local design elements into these projects enhances their appeal and ensures they resonate with local and expatriate buyers.
Investment potential, market trends
The real estate market in the Philippines, particularly in the luxury segment, is on an upward trajectory. This growth is driven by factors such as robust economic growth, which has increased the country’s middle class and purchasing power, increased foreign investments, and government support for infrastructure development, which has improved accessibility and connectivity in key areas.
The Philippine real estate market is projected to grow 5.4 percent annually over the next five years. Luxury developments such as golf course real estate are expected to affect this growth significantly. Golf tourists are substantially wealthier than the average tourist and spend more on daily activities, contributing to higher tourism revenues. The increasing demand from local and foreign buyers for high-quality living spaces with excellent investment potential drives this growth.
The author (at www.ianfulgar.com) is a leading architect with an impressive portfolio of local and international clients. His team elevates hotels and resorts, condominiums, residences, and commercial and mixed-use township development projects with innovative, cutting-edge design and business solutions that have garnered industry recognition, making him the go-to expert for clients seeking to transform their real estate ventures