The best real estate investments are the ones made in an up-and-coming area where supply is limited and prices are likely to increase significantly for years to come. This allows for above average capital appreciation as well as strong rental returns, two key factors for successful real estate investment.
For the past few years, many savvy property investors have been drawn to Cebu thanks to an influx of tourists, infrastructure projects and international businesses coming to the region. This has seen property prices and rental demand increase significantly.
And while Cebu remains a solid market, Davao City is the Philippines’ most exciting real estate investment destination. According to Prime Philippines, the Davao City residential condominium market has an occupancy rate of 83 percent with this being higher in central areas such as J.P. Laurel Avenue. That’s because popular spots such as SM Lanang Premier Mall can be found in this part of the city.
The consultancy also noted that property prices in Davao City jumped from PHP60,000-80,000 to PHP100,000 per square meter between 2017 and 2018. This trend will continue as occupancy rates remain high and supply is limited.
Not only are the economic factors surrounding the Davao City property market promising, but other peripherals make it a real estate destination investors can feel confident about. For starters, Davao City is one of the safest cities in all of Southeast Asia with a low crime rate.
Additionally, the city has earned the title of “Most Child Friendly” and “Most Peaceful” city in the Philippines. The city also boasts convenient transportation links and leading universities.
Finally, Davao has a competitive business environment that supports the growing economy. In fact, the region is known as the ‘Silicon Gulf’ with a growing BPO and ICT sector that is valued at an estimated PHP 170.2 billion.
Lane Residences brings quality living to Davao City
SMDC’s first residential project in Davao City is bringing convenience and a modern lifestyle to the area. Lane Residences has been carefully planned to ensure residents are able to enjoy the best life has to offer.
In order to accomplish this, Lane Residences features a wide range of resort-style amenities that appeal to families. Swimming pools, a jogging track, gazebos and clubhouse are just a few of the facilities found at the community.
The location of Lane Residences is in the heart of Davao City along J.P. Laurel Avenue where demand for high-quality residences is strong. The estate is located next to SM Lanang Premier Mall with churches, hospitals and schools all close by. Meanwhile, major transportation hubs, including Francisco Bangoy International Airport, are all easily accessible from the development.
This prime location along with the development’s unsurpassed quality ensures Lane Residences is a great real estate investment, regardless of if you plan on raising your family here or want an income generating property with above average rental yields. Davao City is the Philippines’ most exciting real estate investment destination and Lane Residences is one of the reasons why.