Real estate company Federal Land, Inc. is on track with its 2022 targets with new properties that are seen to help drive socio-economic activity in Marikina, Manila, and the Manila Bay Area in Pasay City.
“We
are optimistic that the sector will see a significant rebound this year. This
is the reason we remain aggressive in introducing new properties in key areas
in the metro. As more people resume their previous routines, we shall provide
them with living options that will fit their needs and respond to their demand for
a holistic, sustainable lifestyle,” Federal Land, Inc. sales group head
Margarita Saenz-Resurreccion said.
This position supports the findings of
the recently released Colliers Property Market Report, which listed
“improvement in consumer and business confidence” as among the key market
enablers for the sector.
The report, released on February 9, mentioned the overall
Metro Manila vacancy rate is expected to go down to 16.2% by the end of 2022,
from 17.9% in 2021. “This points out to a healthy supply pipeline,” it said.
Colliers also sees gradual recovery in rents and prices
and expects an increase of 1.7% and 1.5%, respectively, as demand grows. It
also cited data from the BSP’s latest Residential Real Estate Price Index
(RREPI) report showing nationwide home prices increased by 6.3% YOY in Q3 2021
due to stronger consumer demand for residential property.
The group also encouraged residential
developers to “continue lining up projects, both condominium and house &
lots, in line with the anticipated recovery of the economy and as more
professionals return to traditional offices located in central business
districts.”
New developments
Federal Land is set to launch new residential towers in
Marikina with Siena Towers, Manila with Quantum Residences, and in
the Manila Bay Area with Mi Casa.
“All these developments are strategically
located in areas with various commercial and lifestyle choices, with nearby
schools, hospitals, and major thoroughfares. They feature a wide range of
amenities and access to the outdoor space that allow residents to lead an
active, well-balanced life,” Resurreccion
said.
Located
along Sumulong Highway in Marikina City, Siena Towers is a modern take on the
town of Siena, Italy, where rural charm and progress abound. It is an ideal
option for those looking for an upgraded suburban living and access to modern
conveniences at a reasonable price.
For
its latest residential property in Taft Avenue, Manila, Federal Land’s Quantum
Residences is among the company’s real estate developments that are seeing high
demand from property buyers, both here and abroad.
The
three-tower mixed-use condominium is designed to fit the modern lifestyle. It
is fiber optic ready, so everyone in the family is assured of fast and reliable
connectivity for work, learning, and entertainment.
Mi Casa, on the other hand, is an upcoming
vertical residence located within the Central
Business Park island of Manila Bay Area designed for contemporary
Filipino living. It is a tropical-inspired residence nestled in the middle of a
thriving community which makes an ideal home for executives and business owners
who live a fast-paced life but aspire to go home to a quieter place that allows
for relaxation and repose.
“Overall, these properties are good
investment options for those looking for a place to live, rent out, sell, or
unwind,” Resurreccion
concluded.
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