Owning a home is a major life milestone. Yet buying in a single-use development in the metropolis could be expensive, making investments in condominiums with a mixed-used community a smarter move.
Considered a “city within a city,” mixed-use communities combine housing with business hubs, shopping centers, and leisure amenities to create a community of their own. This tight-knit setting complemented with strategic location drive demand for condominiums in mixed-use communities, especially as the economy recovers from the COVID-19 pandemic.
Real estate organization Colliers International noted in its report that in the next “12 to 36 months, the demand for residential projects, whether house and lot or condominium units, will likely hinge on integrated features.” This is as “condominium investors, for instance, have become more aggressive in scouting for properties that are within mixed-used communities.”
“The global health crisis has brought to fore the benefits of living in mixed-used communities, where residents can easily access their essential needs and receive support from the community during challenging times,” said Margarita Saenz-Resurreccion, sales group head of Federal Land, Inc.
Artist perspective of Tropicana Garden City Ibiza Tower
As part of its efforts to offer mixed-use community living experiences to potential homeowners, Federal Land is building communities at the heart of Marikina City. This undertaking is expected to help increase the homeownership rate in the country’s shoe capital and further raise the town’s income potential.
Read more: Manila Society