(This article first appeared on Business World, November 11, 2019 issue)
BGC continues to be one of Metro Manila’s most attractive investment locations. This is driven by the continued growth of the local residential market, a positive economic outlook for the Philippines, the steady emergence of a moneyed local demographic, and various ongoing and planned infrastructure projects that directly benefit the city. Colliers International reports that capital values in BGC increased by an average of 6.7% in the first quarter of 2019, it expects prices to continue to increase by an impressive annual average of 6.3% from 2019 to 2021.
One infrastructure project that is a prime catalyst In BGC’s value appreciation is the proposed Metro Manila Subway Line, which is seen to span 30 kilometers from Quezon City to Taguig, and 14 stations, two of which will be located in the north and south of BGC. The Subway is expected to be completed by 2025. Another is the construction of the BGC-Ortigas Link bridge, which will allow motorists to bypass EDSA or C5 to get to BGC from the main Ortigas CBD and vice-versa.
Demand from local high-net-worth individuals and the’ influx of foreign investors taking advantage of the country’s information technology and business process management (ITBPM) industry will continue to drive the residential sales market as well.
In its 2018 report, Jones Lang LaSalle pinpointed that these groups “typically secure the biggest and most expensive units from high-end and luxury brands to maximize the value appreciation in major markets.” This bodes well for premium developments like The Seasons Residences, which can see its market value appreciating over the next few years.
The project is the latest offering of Federal Land, Inc. in partnership with Japanese property development group Nomura Real Estate Development Co. Ltd. And Japanese retail conglomerate Isetan Mitsukoshi Holdings Ltd. Set in Federal Land’s Grand Central Park township in the northern part of Bonifacio Global City (BGC), The Seasons Residences will feature impeccable Japanese innovations meant to elevate the standards of comfort, convenience, and functionality for discerning homeowners. The integrated-use development will house four upscale residential condominiums, world-class amenities, and one of the most impressively designed malls to be built in the Philippines.
Efficiently designed resource-saving fixtures are featured in every residential unit, while the buildings boast of the most state-of-the-art security and safety technology, including a damper system that will protect the structure against earthquakes and strong winds. The development will also include world-class, Japanese-inspired amenities, including a spa, a karaoke room, a wellness room, and a Japanese garden.
Residents of The Seasons Residences will have direct access to the country’s first Mitsukoshi, which will be located at the podium of the development. The four-storey retail space will offer a unique Japanese mall experience in terms of design, service, and merchandise. Mitsukoshi will also feature a Japanese-style supermarket and food hall, a dedicated beauty zone, and other exclusive Japanese brands and concepts.
The promise of an elevated, convenience-centered lifestyle is not the sole appeal of purchasing a home in The Seasons Residences. Discerning buyers know that there are sound and valid prospects of investing in a property in one of Metro Manila’s most in-demand areas.
“Geographical advantages, rapid development, and limited supply are just a few reasons to invest in the upscale residential market in BGC,” says Cathy Ko, Executive Vice President of Federal Land, Inc. ‘The Seasons Residences, with its premium facilities, sophisticated Japanese design, ‘ and spacious condominium units, is set to be a prime investment for those looking either to reside in the area or looking to lease out their units.”
Don’t miss out on the investment opportunities offered by The Seasons Residences. Call The Seasons Residences hotline at 0998-595-5834, email us at email@example.com or visit the showroom at 7th Ave. cor. 34th St., Grand Central Park, North BGC, Taguig City (across the Lexus Manila Showroom). Haru, the development’s first tower, is slated for completion in 2023, while Mitsukoshi Mall will open in 2021.