Strategic location with the right valuation and numerous possibilities are among the key factors that should be considered when investing in real estate, according to SM Development Corp. (SMDC) .
While real estate remains one of the safest investment options today , an investor must know the right time and place to invest.
For SMDC, Las Piñas is a city with bright potential.
Due to its young population and proximity to central business districts, this southern suburb has become the leading destination for would-be homeowners, it said.
SMDC’s newest project, South 2 Residences, has become the top choice among property developments in the area.
Like its other projects, South 2 Residences is an integrated lifestyle district situated within the SM Southmall Lifestyle Complex, with direct access to the SM Southmall, SM South Tower offices and various transport terminals, hospitals and clinics, churches and government offices.
Its strategic location provides the highest premium and value appreciation for interested investors.
SMDC said a study conducted by Leechiu Property Consultants on Las Piñas properties showed condominiums within walking distance to SM Southmall are 68 percent higher in per-square-meter (sq.m.) price than condominiums located farther away.
South 2 Residences’ predecessor, South Residences has appreciated in value by 190 percent over the last five years. The launch price was P86,000 per sq.m.; the current market value is P163,000 per sq.m. This translates to a gain of P77,000 per sq.m.