The value of the commercial and industrial real estate in the Philippines will rise due to the continuous development of land across the country. The year 2019 has already been robust and active for the real estate industry, and it will likely go on this 2020.
Many established industry think tanks believe that there will be a boom in the industry this year, mainly due to the many infrastructure developments in and around Metro Manila. The decongestion of many major road networks in the country is also an essential contributor to the boom of real estate value this year.
The value of both residential and industrial real estate in BGC will rise thanks to the scarcity of available land in the area and the increased access to the city. One of the contributors to the easier access to BGC is the new bridge connecting Lawton Avenue to Kapitolyo, Pasig City. Thanks to the new bridge, commuters will be able to travel to the city much more quickly.
Makati’s Central Business District also sees many redevelopment projects that can increase the real estate value in the city. SM and Federal Land are currently developing both the Roxas Triangle and Ayala Avenue apartments, making them among the most prized condo units to date.
The Ortigas Central Business District has been an alternative location for many businesses thanks to its proximity to both the Northern and Eastern parts of Metro Manila. The value of the industrial real estate in Manila will rise thanks to the fact that it can be accessed easily through EDSA. Ortigas will also see many industrial developments in the area with the eventual goal of establishing townships in the C5 corridor.
For more information on the other areas that will rise in value, including the Quezon City Central Business District, the Filinvest Central Busines District, and others, see this infographic by Premium Properties PH.