Luxe dev’ts that make for a compelling investment opportunity

This article was initially featured in the Inquirer Mobile App on January 6,2024 authored by Amy R. Remo.

Amid rising demand for prestige and exclusivity, the Philippine luxury real estate market paints a promising picture of resilience and growth.

This segment, according to Santos Knight Frank chairman and CEO Rick Santos, is one of several sectors where they’re seeing encouraging market activity, with strong investor confidence and pent-up demand for prime properties contributing to significant price appreciation.

In fact, the Philippine capital posted the fastest price growth in the luxury residential sector based on Knight Frank’s Prime Global Cities Index, which tracks movements across 46 cities globally. In its report covering a 12-month period to September 2023, Manila claimed the top spot with a 21.2 percent annual rise in prices owing to strong domestic and foreign investments.

The recovery in annual pricing, Knight Frank said, “confirms that global housing markets are displaying signs of stabilization.”

Encouraging signs

What’s good in the Philippines, however, is that across all segments, the real estate sector has been showing encouraging signs of stable growth.

Data from the Bangko Sentral ng Pilipinas’ Q3 Residential Real Estate Price Index (RREPI) showed that nationwide residential property prices grew by 12.9 percent year on year.

By housing type, prices of duplex housing units posted the highest YOY growth (57.7 percent), followed by single-detached/attached houses (16.8 percent), townhouses (9.3 percent), and condominium units (8.3 percent). On a quarter on quarter basis, prices of condominium units grew by 15.6 percent.

There’s thus no question about the viability of Philippine real estate, whether you’re considering it as an investment opportunity or exploring it as a homebuyer.

Compelling opportunity

Amid this flourishing market, luxury real estate developer Shang Properties Inc. has positioned itself as among the frontrunners offering a compelling investment opportunity. The confluence of factors contributing to the sustained growth of the luxury market, in particular, makes Shang Properties an optimal choice for discerning investors seeking both prestige and financial gains.

Beyond this however, Shang Properties’ well curated portfolio of premium residential projects touts strategic locations, global design and architecture standards, top quality amenities, and high potential for capital appreciation.

Exemplary living spaces

The 50-story Shang Residences at Wack Wack, for instance, offers sophisticated residences that put a premium on one’s health and well-being in a lush, nature-filled setting. Rising within an upscale community in Mandaluyong City, this resort-inspired development has the historic Wack Wack Golf and Country Club as its neighbor.

The 67-story Laya by Shang Properties, meanwhile, provides a “canvas for self-expression, a community for human connection and a space for cultural enrichment”. Its strategic location in Pasig City presents a seamless connection between work, play and rest, as Laya will place future residents near essential establishments, institutions and business districts.

Haraya Residences, a joint project by Shang Properties and Robinsons Land, is also carving out spaces that address emerging needs. It presents a highly strategic location as it will rise within the Bridgetowne destination estate along the C5 corridor, as well as premier and unique amenities, some of which are yet to be seen in the local market.

These are just among Shang Properties’ upscale and luxury projects that aptly showcase how, as a premier developer of exemplary living spaces, it continues to raise the standards in luxury living in the Philippines.

The sustained growth of the luxury market, in particular, makes Shang Properties an optimal choice for discerning investors.

Haraya Residences is carving out spaces that address emerging needs.

The 50-story Shang Residences at Wack Wack offers sophisticated residences that put a premium on one’s health. Shang Properties Inc. positioned itself as among the frontrunners offering a compelling investment opportunity.

Read more at: https://inqm.news/cram