Luxury Homes in the South
In economics, a luxury good is one in which demand grows more and faster than an increase in the income of potential buyers. It stands in opposition to "necessity" goods, for which demand grows much slower than income. Luxury goods are often of the highest quality (Beierlein, 2014).
When you think of luxury, what comes to mind is that it is expensive. Luxury also symbolizes wealth and success and luxury homes best represent this idea. Luxury is also a reward for hard work and means to provide a comfortable life that one’s family and loved ones deserve. Some Filipinos are purchasing properties for investment purposes and that is why the demand for luxury homes in the Phillippines is still increasing amid the pandemic. The Bangko Sentral ng Pilipinas’ latest Residential Real Estate Price Index (RREPI) recorded the highest year-on-year growth on nationwide property prices with a 27 percent jump--the highest since 2016. According to BSP, the stronger demand for high-end projects serves as a key driver in the increasing average prices of upscale properties.
There are a lot of luxury homes in Metro Manila alone but to enjoy more space and less congestion, most luxury property hunters are looking for alternative locations. One of the best options is the South Luzon area. Below are five locations where you can buy luxury properties in the South.
Alabang is a community located in Muntinlupa City that is known as a residential address of the elite in the Philippines. One of the selling points of Alabang is the location, since it is accessible to a booming business district, transport center, malls, and lifestyle centers with intercity roads that connect to different major roads in the south for easy accessibility going to Metro Manila or further South. One of the luxurious developments that you can find in the greater Alabang area is Portofino Alabang. Located at Daang Hari Road in Vista Alabang, it is an award-winning Housing Development-- winning both Philippine Property Awards and Southeast Asian Awards in 2015. The exclusive subdivision offers Italian-inspired luxury house and lot for sale.
Daang Hari, Cavite
Cavite is the gateway Metro Manila and is widely considered as one of the next wave cities of the south. This is why Cavite is usually the first choice of residence if you feel congested in Metro Manila. Cavite also has a lot of thoroughfares that traveling to Metro Manila is very accessible, with roads like Aguinaldo Highway, Daang Hari, CAVITEX, among others. If you are looking for a luxury home, Cavite is your next bet and one of the luxury developments that you can definitely check is Ponticelli in Bacoor, Cavite with premium houses and lots available for sale.
Sta. Rosa, Laguna
Just like Cavite, Laguna is also a neighboring province of Metro Manila, making it a hotspot for luxury homes. Just like Cavite, Laguna is also a fast-growing province with a lot more potential to grow. One of the growing cities in Laguna is Sta. Rosa, which has the largest economic zones in the province. It is also home to some of the famous car factories in the world and growing business process outsourcing industries such as IBM and Convergys. Located here is the future university belt in the south and premium infrastructures that satisfy the educational and transportation needs of residents around the area. Located here is Valenza, an exclusive Italian- inspired community. So if you are looking for a luxurious home in Laguna, make sure to consider Valenza.
Muntinlupa's location is also ideal for high-end buyers looking for a vacation house or a primary residence that is exclusive and secluded while being connected to the rest of the metro. Since it is bordered by Las Piñas, Parañaque, Pasay, Taguig, and Makati it’s an ideal location for professionals and business owners who are working in those urbanized cities. The best luxury home that you can find here is La Posada at Lakefront Sucat, Muntinlupa. It is a Victorian-inspired residential enclave featuring charming luxury homes for young professionals and starting families.
Last but not least is the second summer capital of the Philippines, Tagaytay, which offers not just luxury homes, but also holiday homes perfect for families who want a nearby vacation. Tagaytay is part of Cavite, but it has developed a reputation as a stand-alone real estate hotspot for luxury homes. Since it’s a famous tourist spot, the properties here are a bit on the pricey side. However, it is also a worthy investment because of the demand. Tagaytay is popular for its climate, restaurants, and of course the view of Taal. It is a perfect place to escape from the bustling cities of Metro Manila, where one can experience a private and exclusive lifestyle in a mountain setting.
One luxury property that can make a Tagaytay experience worthwhile is Crown Asia’s Pine Suites. The condominium neighborhood is tucked in a quiet, yet easily accessible route in the ridge town. Another famous development that you can check here is Crosswinds Tagaytay luxury homes and premium lots that are perfect for investment purposes.
Owning a luxury property is a dream one can achieve through hard work and success. There are a lot of options to choose from around the Philippines, but remember that choosing the right luxury property fit for your needs is important considering the investment cost entailed. Ultimately, one must realize that real luxury is where we experience happiness and satisfaction.
Let us help in your journey of finding the luxury home that you deserve. Set a property investment consultation today.