Despite the uncertainty surrounding a global pandemic, there remains a high demand for luxury real estate in the country. There is also greater interest in having a smart city that is well-planned in terms of construction, sustainability, climate change awareness, and population.
Several real estate property firms have observed this trend develop, saying that the demand for luxury real estate has remained strong and steady, with the interest in more planned cities. They even went so far as to predict that this trend will still remain this year and in the future.
In the course of several lockdowns and restrictions, luxury village land values and luxury condominium prices continue to increase. Most of these can be seen in new cities that have experienced a recent boom in public interest due to an abundance of space that allows for a less-congested environment.
According to research from industry leaders, the Philippines’ luxury real estate segment has seen resilient and consistent performance in the economy in the previous years, and the demand has only continued to rise as more individuals choose to invest in luxury homes for their families or to create and develop rental properties from which to support their income and diversify their portfolios.
Luxury village land values and luxury condominium prices continue to increase even with the lockdowns and restrictions. This shows how much the capital values for these luxury properties and investments continue to grow into the future. Capital preservation for these types of assets remains strong even in the face of uncertain times. Land and luxury real estate remain among individuals’ best course for investments.
According to another report, the industry also exhibited a large increase in leads for residential rentals that belong to the upscale and luxury segments with the majority at prices of P200,000 and above. This trend may be influenced by returning C-level executives, ex-pats, and high-networth families.
Listings for luxury properties for sale priced at more than P20 million got the most number of leads, while leads for luxury property rentals were more diversified. Most renters were looking at luxury properties within a P60,000 to P100,000 price range.
But this continued development is not solely for luxury houses. According to a BusinessWorld report, more high-networth individuals are also investing in luxury condominium units in high-value buildings and developments within the past year. There has also been an uptick in renovations and upgrades for these units, as owners see a larger return on investment in the units located in new cities and major central business districts.
Residential real estate is a need, now more essential than ever, and more people are looking to invest in luxury homes in new cities. A high-quality home that can provide safety, convenience, and comfort is exactly what buyers are looking for right now. And that usually takes them to new cities that are growing and thriving outside the congested centers of other cities.
The rising demand for luxury housing in a planned city also likely stems from the extended period most people need to stay home. Converting home spaces to accommodate technology for remote office work and school work has made families realize the value of having a home that can accommodate and support their every need. Larger homes with more rooms also offer better privacy which is essential for remote work and classes, making it easier for different family members to focus on the tasks they need to accomplish.
The value of having a comfortable home was made evident by the events of the recent years. Now that most people have realized how much comfort plays a key role in their dream home, they look for homes created with ample space to rest, unwind, and lounge. Luxury housing in new cities can give them that upgraded lounge space. The idea is that larger lots in luxury communities also mean families can set up outdoor living spaces which they can use for relaxation or entertainment. This also gives them access to the outdoors, which studies have shown to be beneficial to one’s physical and mental health.
Luxury condominium units in these areas give residents access to all the perks that come with living in a thriving city hub, such as proximity to local businesses, the finest dining establishments, convenient locations for work, technology, extensive night life activities, and prime shopping and entertainment establishments. Additionally, the amenities that come with owning a luxury condo space, such as free use of the gym, swimming pool, or other common areas, are also a huge draw.
With most schools and workplaces allowing for flexible and remote setups, a lot of individuals have looked into purchasing secondary vacation homes in new cities. If they usually spend their days in a condominium in the city, they may search for a larger space on the weekends as a complete change of scenery. They can also opt to work remotely from these vacation homes, giving them access to a more relaxed environment even as they work.
According to a management index, there has been an increase in demand for luxury properties in Laguna, Tagaytay, and Batangas. Luxury homes in these cities can give owners the best of both worlds: a bustling location with all the conveniences of the city and a relaxed vibe due to closer proximity to nature.
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Luxury real estate has always been a marker of a world-class lifestyle. The people who invest in luxury homes know the importance of having high-value properties. When luxury enters new cities, it gives the new investors a chance to claim their stake in a developing area. Soon, their choices will pay off as these new cities thrive and flourish after an influx of development.
Luxury homes are often designed to highlight the taste and lifestyle of its owner. As such, luxury homes often feature exquisite architectural details, customized amenities, and elegant design choices that make life easier for the residents. A luxury home has a lot of aesthetic value as well as practical value: balancing both characteristics perfectly is a mark of a truly world-class luxury property.
Luxury living in new cities means more green spaces for residents to enjoy. Access to space and nature gives homeowners an increased sense of freedom with which they can fully enjoy the life that they have built for themselves. A refreshing and spacious home environment gives families a nurturing refuge where they can recharge after a long day in the bustle of the city. This expansive space will also give them room to explore various interests like sports, music, or art, enriching their lives and experiences.
Luxury developments are also located close to the best museums, dining establishments, entertainment centers, and shopping districts, which make it the perfect place to maximize their luxury lifestyle. Experience only the best and finest these new cities have to offer.
When the time comes and the family decides to sell their luxury property, the upscale amenities and features are sure to add to the value of the property. Space will come at a premium, and an upscale home on a spacious plot of land will definitely attract high-value buyers. This means that luxury properties offer owners control over long-term investment plans.
High-value properties also benefit from their locations and the amenities and services provided by nearby establishments. Proximity to good schools or a university can be an attractive detail for young and growing families. Exclusivity and safety are also good factors. These factors also have a hand in dictating the overall resale price.
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Alabang has long been known as the country’s top planned cities and luxury locations. Here, Brittany continues to lead the luxury real estate industry and developed an Italian-inspired luxury community with three exclusive enclaves. Portofino Heights, Portofino South, and Amore at Portofino redefine luxury living by adding an Italian twist to the lifestyle.
Located along Daang Hari road, this luxury community gives residents a taste of Italian living through homes, streets, and shared spaces designed with distinct Italian architectural details. This luxury community’s proximity to Evia Lifestyle Center also gives residents access to some of the best dining and entertainment establishments that Alabang has to offer.
Santa Rosa Laguna is also one of the new cities that have become emerging luxury real estate destinations. From small towns come the development of city growth, making them a prime spot for investors, businesses, and large-scale luxury construction projects. Brittany has once again led the way with exclusive luxury communities like Georgia Club, Augusta, and Promenade.
Brittany Santa Rosa gives residents a prime location to build a home and grow a family with an appreciation for nature and the finer things in life. Aside from a beautiful community, these communities are also located close to some of the best golf and country clubs in Laguna.
Tagaytay is also one of the country’s favorite vacation destinations. So why not invest in a vacation home for you and your family in Tagaytay? Brittany has also made its mark in this city by developing the country’s only pine estate in the forest city that takes design inspiration from the Swiss Alps. Crosswinds Tagaytay is a Swiss-style mountain resort where families can enjoy the beauty of Tagaytay.
Alpine Villas and Grand Quartier also offer luxury condominium units for individuals who want to have a home away from home in Tagaytay and experience the city’s atmosphere whenever they want. Building your dream home in Tagaytay is also possible with the luxury lots available in Lausane. This is a beautiful estate with sweeping views of the Tagaytay forest city landscape, enveloped by the scent of pine trees. A vacation home here would be the coziest place to bond as a family over the holidays.
Luxury real estate is always a solid investment. And with Brittany Corporation’s luxury developments and locations, you are sure to find the perfect luxury home for you and your family. Join the luxury lifestyle today and browse our website to find more information about the different Brittany communities. And be sure to follow us on LinkedIn and Youtube for future updates.
Elevate the current state of your real estate career and work with Brittany today! Visit our Seller’s Portal for more details.
