A steady trajectory in economic activity welcomed more business communities, cultivated a large working class, and ushered the development of essential establishments like hospitals and schools. Yet that is just the start. In a bustling area in Quezon City that’s positioned to enjoy the economic improvements is the vibrant Novaliches. Here are three reasons that set up Novaliches to become an investment hotbed in the next few years.
- Growing connectivity opens up Novaliches to Metro Manila and the world
Few areas in the metro stand to benefit from the aggressive infrastructure projects the same way Novaliches does. The soon-to-be-completed MRT Line 7 that traverses the area will connect to the North Triangle Common Station, where transfers can be made to other train lines. This includes LRT 1 to the west of the metro, as well as MRT 3 and Mega Manila Subway to the south.
These connections unlock convenient travel from Novaliches to key places of interest in and around Metro Manila, from central business districts, to regional and global gateways like the Ninoy Aquino International Airport and the new international airport in Bulacan.
Once deemed a far-flung area, Novaliches will soon be a well-connected district where every destination is made accessible.
- Where there are roads, opportunities follow
Infrastructure developments serve as catnip for investors. The Bangko Sentral ng Pilipinas (BSP) said robust domestic economic activity, boosted by new infrastructure projects, attracts investors looking for growth opportunities.
That infrastructure projects serve as fiscal stimuli – from job creation to economic growth – is likewise supported by a 2020 Global Infrastructure Hub study. Meanwhile, using historical data from countries in Asia, Australia, Europe, North America and South America from 1992 to 2010, a paper from Purdue University concluded that a 10% increase in highway/railway infrastructure investment improved economic output by 2.3% across countries.
If the trend holds in Novaliches, we can expect higher economic productivity and growth, better economic inclusion, and improved overall quality of life for residents in the area, making it a hot target for investors.
Those into real estate investment, in particular, believe that now is the best time to invest. It’s an optimism founded on encouraging economic indicators, including the projection of the National Economic and Development Authority that eased mobility restrictions this year is seen to benefit 62% of the country’s economy. The BSP anticipates that the rebound in overall economic growth will drive recovery in real estate market activity.
A first-rate Novaliches property positioned to capitalize on the impending economic transformation is SM Development Corporation (SMDC)’s Hill Residences. The master-planned vertical garden community makes for an appealing and profitable asset for investors by bringing SMDC’s progressive, industry-leading qualities to a location on the cusp of evolution.
- A master-planned community set to redefine sustainable living in Novaliches
Property experts say “green growth” will remain a major driving force in the industry. A recent Santos Knight Frank study revealed that proximity to green space and good air quality figure among the growing home considerations today. As a result, more developers are embracing environmental elements to meet the crucial demands of the more socially-conscious market. This is particularly true for SMDC.
With an unwavering commitment to sustainability, SMDC upholds principles in its developments that not only help save the environment, but also promote inclusive and affordable spaces for its residents to thrive.
At SMDC’s Hill Residences, for instance, an abundance of green spaces does more than allow residents to relax their eyes and minds. These installations also encourage them to spend more time outdoors and reduce energy consumption. Healthy green foliage runs along the jogging paths and blankets the development’s exclusive park — aiding the flow of fresh air and the reduction of heat through landscaping, while promoting walkability and an active lifestyle.
As the reigning back-to-back “Best Developer” in the PropertyGuru Awards, however, SMDC goes far and beyond just green growth. The company also champions the social and economic aspects of sustainability, as part of its well-rounded and committed push of the modern movement.
Every space at Hill Residences — from the swimming pools, to the basketball court, and other common areas — is envisioned to serve as the perfect ground for social connections, the core premise of community building.
As Home of the Good Guys, SMDC understands today’s premium on holistic health and happiness, advancing the cause at every chance. SMDC’s communities invite residents to take care of their physical, mental, and emotional well-being by providing them with the right avenues, the opportunities, and the spaces to do so.
Indeed, SMDC developments find themselves at the intersection of astute investors’ Venn diagram: a progressive home that promotes multi-faceted sustainability, and a winning investment that yields immediate yet long-lasting benefits that can be passed on to generations. Reach the peak of financial security by investing now at Hill Residences.
To know more about SMDC’s Hill Residences, visit www.smdc.com/properties/hill-residences/.