Big Developers Boosting Philippine Real Estate Market in 2022
Big Developers Boosting Philippine Real Estate Market in 2022
The real estate market in 2022 is beginning to demonstrate better confidence due to these ambitious developments in the country. The COVID-19 epidemic threw almost every economic forecast into disarray barely a year ago. Due to the fear of getting infected, consumers and business owners hastily evacuated stores, restaurants, and enterprises. Even the stock market suffered a steep decline as most companies soon lost employment. The country’s real estate market, on the other hand, appears to be relatively resilient to notable cyclical variations. It has developed into one of the Philippines’ most robust, stable, and lucrative markets. Despite concerns about general investment sentiments, mainstream real estate corporations are continually increasing their efforts to increase inventories and property prices across major markets.
The Lifestyle Expansion of Ayala Land
Ayala Land is one of the Philippines’ most recognizable property developers contributing to the significant boost of the real estate market in 2022. They have a varied portfolio of exquisite property developments designed to survive generations with township planning that integrates premium lifestyle design elements.
Ayala Land increased its consolidated net income by 35% to P8.6 billion in the first nine months of 2021, owing to more decisive corporate operations despite the third-quarter implementation of harsher quarantine limitations. Additionally, the company announced the start of four new projects totaling P13 billion.
Ayala Greenfield Estates’ 4C Tranche begins with creating a 350-hectare community in Calamba, Laguna, surrounded by the natural splendor of Mount Makiling, Tagaytay Ridge, Laguna de Bay, and the Laguna Plains. The second phase of construction will comprise Lanewood Hills, a community township in Silang, Cavite that Ayala Land and Cathay Land are developing in collaboration. This property’s excellent location puts it close to the expanding NUVALI estate and Tagaytay’s recreational districts.
Avida Land’s 32-story Centralis Towers in Pasay City is Ayala Land’s third project, following the phenomenally successful three-story Avida Towers Prime Taft.
Finally, the mid-rise condominium complex Amaia Steps Pasig is growing on a 4.5-hectare tract of land in Barangay San Miguel, Pasig City. As part of its expansion strategy, Amaia Steps Pasig, which now consists of three nine-story structures, will open a fourth mid-rise structure, Clara, to accommodate additional homeowners. Most of them are young professionals with growing families.
Additionally, Ayala Land partnered with SM Prime Holdings Inc. and Cebu Holdings Inc. to build Cebu’s 26-hectare South Coast City. The real estate market in 2022 expects the project to contribute to Cebu’s economic recovery efforts by enhancing the region’s employment and investment opportunities.
Stronghold of Megaworld’s Mixed-Use Township
Megaworld Corporation revealed plans to build a P98 billion pesos Northwin Global City on 85 hectares of property along the North Luzon Expressway in Marilao and Bocaue in Bulacan during the next 15 to 20 years. Additionally, the real estate developer is building Paragua Coastown, a P40 billion eco-tourism city in Palawan.
Cavite’s emerging core business area is gradually shaping at the 140-hectare Maple Grove in General Trias. It will soon be home to upscale residential green spaces, including an immense “Central Park” and a 35-hectare Makati-inspired commercial district.
The country’s gross domestic product (GDP) projection is to grow by 6.5% in 2022, which will lead to an increase in the demand for residential properties. With the growth of the Philippine real estate market in 2022, Megaworld today is poised with 26 townships located around the country.
Strategic Infiltrations by Rockwell
The Balmori Suites in Makati City is Rockwell Land Corporation’s latest addition to its upscale residential projects. It is directly connected to the iconic Power Plant Mall and features a broad assortment of fine dining and specialty shopping.
Rockwell Land simultaneously delivered The Arton’s three towers to the academic community of Katipunan in Quezon City as part of the development company’s distinctive brand of luxury, security, and distinct lifestyle.
Rockwell plans to develop two significant estates in Angeles, Pampanga, and Bacolod. The company invests P8.5 billion in developing the 3.6-hectare Rockwell Center Nepo in Angeles. This venture is the company’s first township center located outside the metropolis of Makati.
In anticipation of the rising real estate market in 2022, the business is developing the Rockwell Center Bacolod, a 30-hectare master-planned complex expansion. Phase one would include commercial properties with an estimated revenue of P1.4 billion. Rockwell’s first high-end residential complex in Bacolod is the Nara Residences Towers, while the Nara Residential Lots offer outstanding subdivided sites.
The Sillion Building, an addition to 32 Sanson designed by Rockwell, is one of Cebu’s most awaited developments. The Sillion Building gives maximum solitude with only five residential levels and approximately 50 spacious units ranging from 56 to 149 square meters.
Meanwhile, Terreno South is the company’s first foray into horizontal development in Lipa City, Batangas. And Aruga Resort and Residences in Mactan will be the company’s first foray into the luxury residential-resort development industry.
SMDC’s Aggressive Pace With The Real Estate Market In 2022
SM Development Corporation is definitely at the forefront of the real estate market in 2022. The company is committed to providing affordable quality urban living by developing vertical villages that blend smoothly into a commercial retail environment, allowing residents to live a truly urban lifestyle.
The highly active giant developer is currently developing seven residential communities, including Sands Residences along Roxas Boulevard, the master-planned Cheerful Homes in Mabalacat, Pampanga, the garden community Calm Residences in Santa Rosa, Laguna, the Twin Residences in Las Pias City, the modern residential-office building Ice Tower inside the Mall of Asia Complex, the Gold Residences township in Parañaque City, and Joy Residences in Baliwag, Bulacan.
The Branding of Vista Land
Brittany is a prominent name in the world of luxury real estate development. Vista Land & Lifescapes Inc., the most lucrative real estate developer in the country, is the proponent of this project. Vista Land’s approach to investment and real estate brand management has enabled the company to expand into a diversified business with a diverse portfolio and a track record of success over multiple market cycles. Crosswinds Tagaytay is launching its newest 24-hectare luxury living enclave, Lausanne, for Brittany.
In response to the vitality of the real estate market in 2022, Vista Residences is developing Kizuna Heights in Malate, Manila, collaborating with Mitsubishi Estate Co., Ltd., a Japanese real estate developer. The 42-story, single-tower condominium provides perfect surroundings for nurturing career advancement and independence for aspiring students and young professionals.
Prima Tanza will be the first condominium building in Tanza, Cavite, by Vista Land’s mass housing subsidiary, Lumina Homes. It is part of a 500-hectare complex that includes business process outsourcing firms, transportation hubs, and economic zones.
The Bullish Signs Of The Real Estate Market In 2022
Even at the height of the Covid-19 pandemic, real estate became one of the most dynamic industries, with demand biased toward residences that support work-from-home and e-schooling settings. Additionally, several buyers purchased properties in the countryside, away from the bustling and crowded metropolis. Tourism’s massive rebound beginning in 2022 would also pave the path for quicker growth in real estate, all the more so given that the real estate industry is a by-product of tourism.
Despite the volatility of recent years, it appears that the primary real estate industry will face high demand for property in 2022 and beyond. We can look forward to many exciting projects over the next few decades. At this point, the assurances that a bright future seem unquestionable.1 Like3 Replies