You can assume that the market demand for condominiums is high due to the exponential increase of high-rise homes being constructed around the country. With this new development, you may be wondering: How much does a condominium cost, and why invest in a condominium in the Philippines? Take a look at one of Bria’s affordable condominiums in Cavite as one of your viable choices of investments.
Read Also: Types of Condominium Units in the Philippines
Beginning with how much a condominium costs, a condo by Bria Homes in General Trias, Cavite goes for PHP 2 million which is well in line with the market, even slightly lower. Aside from being relatively cheap, Bria provides numerous options for payment not only making it an affordable condominium for sale, but flexible as well.
As to why you should invest in a condominium in the Philippines, a real estate agent offers a few reasons.
- Condominiums in the Philippines appreciate consistently.
- In connection to the first reason, due to the appreciation in value, in the long term, your return on investment will yield higher potential profits.
- It is generally cheaper than buying big houses.
- They are usually strategically built to be closer to places of importance like one’s school or the mall. And lastly, it is easy to find an occupant in the Philippines.
Condos in the Philippines can promise you returns, but where should you get one?
Manila is probably your first option. Unfortunately, due to internal migration there might just be too many people for you, or living in the city is pricey. On the other hand, more and more communities in the suburbs that pose multiple advantages and benefits.
Affordable Condominium in Cavite, Philippines
How about living in the south, particularly in Cavite?
Cavite, also known as the land of the brave is a province just a few hours outside Metro Manila and is one of the fastest-growing provinces in the south.
It was originally thought that all the opportunities in this country happen in Manila. But due to the rise of Cavite as a viable place to start a living at, opportunities are now a few kilometers out south in Cavite.
You now know how much a condominium costs and why to invest in a condominium in the Philippines, but here is why you should invest in a condominium in Cavite.
1. Cost of living
One of the first determinants of the cost of living is how much land and property is. As aforementioned, a Bria Homes condominium sells at around PHP 2 Million in Cavite.
Along with low property prices, everything from utilities, food, and other expenses are considerably cheaper in Cavite than in the Philippines. If exorbitant living expenses in Metro Manila is too much for you, then living in a condo in Cavite is a relief.
2. Beautiful scenery and climate
From the balcony of your vertical village, you will get to see the true beauty of Cavite — the luscious greens from forests, tall mountains, and hills, and the clear blue sky easily visible due to the absence of skylines and high-rise buildings.
The climate in Cavite is just as great. Particularly at night, the evening breeze makes living in Cavite perfect for late-night walks or aircon-less nights.
While one can attribute this to Cavite being predominantly on a hill or mountain area, the environmental approach to the city diminishes the effects of global warming which will be discussed more after this point.
3. Green province
Cavite cities are environmental-friendly in a number of ways.
One, Cavite streets are clean with litter either rarely seen or not seen at all. The province is committed to having street sweepers to make the streets clean and presentable. This is part of numerous LGU initiatives to keep the city green,
Two, another initiative is partnering with universities and advocacies to launch awareness programs for the environment.
Cavite is truly committed to preserving the environment, and with the province’s landscape on its side — being on a hill, many trees, flood-free — having ecological consciousness and approaches is not just easy but benefitting as well.
4. Proximity to the city
In an introduction to the province, it was said that Cavite is just a few hours away which makes it a perfect location for an affordable condominium in the outskirts of Manila.
Due to the rise of infrastructure between NCR and Cavite, like the South Luzon Expressway (SLEX), Cavite Expressway (CAVITEX), NAIA Expressway, and Muntinlupa-Cavite Expressway (MCX), accessing the city from Cavite is much more accessible.
In addition to this, buses accommodate commuters to and from Cavite.
You now have the best of both worlds — the province and the city.
5. Tourist spots
In lieu of being weekend getaway planners within Metro Manila planning to traverse the south, you can now live there and be a few minutes away from popular destinations in the south.
Tagaytay is probably the most flocked-to city in the south. NCR inhabitants yearn to enjoy the weather of Tagaytay, the scenery around the city and taste the best dishes the city has to offer — all at the same time.
Aside from Tagaytay city itself, you will find Taal Volcano and Taal Lake, the most picture-perfect volcano due to its eccentric design. It is best appreciated from afar along Tagaytay-Nasugbu Highway. Tagaytay is also home to some of the famous restaurants and cafe with a view like NAPA at Crosswinds, one of the go to destinations of tourists.
One final tourist spot is rich with history: Emilio Aguinaldo Shrine and Museum. You will find here the former house of the First President of the Philippines where Aguinaldo waved the flag of the Philippines, signifying independence from Spain after a hundred-year under their colonization.
6. Famous beaches
Batangas, a one to two-hour drive from Cavite is home to many popular beaches.
Commute or drive to Batangas and discover a bevy of pristine beaches like Laiya Beach in San Juan, Batangas, Sepoc Beach in Tingloy, Batangas, or Layag Layag Beach in Nasugbu, Batangas.
Instead of an expensive plane ticket going to Palawan or Boracay, just hit the road and after at least an hour from Tagaytay, you will see beaches that are not as popular as other beaches in the Philippines, but they can be just as beautiful.
7. Rapid urbanization
Going around Cavite, you will notice a couple of restaurants, malls, and stores you normally see in Metro Manila. In a casual stroll around the province, you may have encountered a Vista Mall and an Adidas outlet. That is because the corporations in charge of these are capitalizing on the growing number of people living or visiting the province.
While on the topic of corporations, many enterprises — small, medium, and large — are moving their businesses to the south. What this means is that job opportunities are opening in Cavite. This should increase the demand for condominiums in Cavite even more.
8. Investment opportunity
In Cavite, a condominium costs around PHP 2 million. But that is the price right now. How about in the future? Only time can tell but it is expected to grow in due time.
Moreover, businesses are being started in Cavite as well as NCR-based enterprises as mentioned above. Assuming those jobs are unvacated, it would mean those new employees would have to live there. With more and more people buying property in Cavite, and the province itself is touted as the next big business district, the prices are expected to go up even more.
So, while the condominiums still cost PHP 2 million, and you are seriously considering a move to the south, the best time to change your scenery is probably now.
Making that investment now will bring you more profit in the future.
The answer as to why you invest in a condominium in the Philippines, particularly in Cavite, has never been as clear as it is now.
Written by Cholo Hermoso
