As urbanization grows at a rapid pace, jampacked metropolitan areas will become centers of commerce and industry, urban professionals are increasingly attracted to move towards centralized living spaces that provide access to their workplaces and key lifestyle destinations.
As a result, there’s a boom in the sales of high-rise homes, particularly those that are located close to or within the business districts of Metro Manila. Indeed, rapid urbanization is driving people to seek mobility and convenience, key factors that give condominium living its special allure.
Capitalizing on the trend, Vista Land has dominated the market in providing strategically located, premium high-rise homes that meet the demands of aspiring condo dwellers.
Teresa Tumbaga, Vista Land Division Head, declared it’s this keen understanding of their customer base that is pushing them towards top-tier status in the condo property market.
“Vista Land projects offer spacious, well-laid-out units that ensure comfort and convenience, as well as the sleek finishing one expects of a modern home,” Tumbaga said.
“Vista Land’s high-rise developments likewise foster vibrant communities living within their premises. Residents will relish goodwill and camaraderie as they make use of common spaces and recreational areas, and participate in community events,” she added.
All things considered, Tumbaga pointed out that Vista Land offers potential buyers the most sought-after features of their high-rise homes: prime location, sleek living spaces, and the chance to become part of a lively residential community.
In 2023, Vista Land achieved a milestone when it bagged from The Global Economics the Best Community Real Estate Developer for the year. For four consecutive years, Vista Land has been recognized by The Global Economics as the Most Innovative Community Developer in 2020 and Best Community Real Estate Developer from 2021 to 2023. These awards signify Vista Land’s promise to continue creating superior offerings and to deliver excellent long-term investment growth.
Infrastructure development and master-planned communities
According to Colliers Philippines research director Joey Roi Bondoc, the projects conceptualized and started during the Duterte administration will possibly create an impact and boost the competitiveness of the local property sector.
He said the big ticket projects such as the MRT 7, the New Manila International Airport (also known as the San Miguel International Airport), Metro Manila Subway, and the North South Commuter Railway will likely raise land and property values. “In our view, the completion of transportation projects in key cities in Visayas and Mindanao such as Iloilo City, Bacolod, Davao and Cagayan de Oro should entice more developers to landbank and launch more projects in Visayas and Mindanao,” Bondoc noted.
Further, Colliers observed that development over the recent years of more master planned communities and resort-themed projects in northern and southern Luzon. According to www.bankrate.com “master-planned communities, frequently referred to as MPCs, are large, custom-built residential communities.” In general, MPCs are developed by a single developer and provide several recreational amenities for residents. Since first taking off in the US in the 1960s, MPCs have been gaining steam.
Bondoc cited the improvement of road networks from Metro Manila to property hubs in Luzon including Bulacan, Pampanga, Cavite , Laguna and Batangas as the factors responsible for raising the demand.
He pointed out these provinces don’t function anymore as suburban support to Metro Manila. “In fact, developers have already carved out their own residential enclaves and business districts in key cities such as Angeles, San Fernando, Porac, Marilao and Kawit.”