Federal Land Helps Boost Socio-Economic Activity in Marikina, Manila and the Manila Bay Area with New Properties
Real estate company Federal Land Inc. is on track to meet its 2022 targets with new properties that are expected to help boost socio-economic activity in Marikina, Manila and the Manila Bay Area in Pasay City .
“We are optimistic that the sector will experience a significant rebound this year. This is why we remain aggressive in introducing new properties in key metro areas. As more and more people return to their previous routines, we will provide them with living options that will meet their needs and meet their demand for a holistic and sustainable lifestyle,” said Margarita Saenz-Resurreccion, Sales Group Leader of Federal Land Inc.
This position supports the findings of Colliers’ recent real estate market report, which lists “improved consumer and business confidence” as key market drivers for the sector.
The report, released on February 9, mentions that Metro Manila’s overall vacancy rate is expected to decline to 16.2% by the end of 2022 from 17.9% in 2021. ‘healthy supply,’ he said.
Colliers also sees a gradual recovery in rents and prices and expects increases of 1.7% and 1.5%, respectively, as demand rises. He also cited data from BSP’s latest Residential Property Price Index (RREPI) report showing that nationwide house prices rose 6.3% year-on-year in the third quarter of 2021. due to stronger consumer demand for residential real estate.
The group also encouraged residential developers to “continue to line up projects, both condominiums and homes and land, in line with the anticipated recovery in the economy and as more professionals return to offices. facilities located in central business districts”.
Federal Land is set to launch new residential towers in Marikina with Siena Towers, Manila with Quantum Residences, and the Manila Bay Area with Mi Casa.
“All of these developments are strategically located in areas offering diverse shopping and lifestyle choices, close to schools, hospitals and major thoroughfares. They have a wide range of amenities and access to outdoor space that allow residents to lead active and balanced lives,” said Resurreccion.
Located along the Sumulong Highway in the town of Marikina, Siena Towers is a modern take on the city of Siena, Italy, where rural charm and progress abound. It is an ideal option for those looking for enhanced suburban living and access to modern conveniences at a reasonable price. For its latest residential property on Taft Avenue, Manila, Federal Land’s Quantum Residences is among the company’s real estate developments that are seeing high demand from property buyers both here and abroad.
The three-tower mixed-use condominium is designed to accommodate the modern lifestyle. It’s fiber-ready, so everyone in the family is assured of fast, reliable connectivity for work, learning and entertainment.
Mi Casa, on the other hand, is an upcoming vertical residence located in the Central Business Park Island of Manila Bay, designed for contemporary Filipino living. It’s a tropical-inspired residence nestled in the middle of a thriving community that’s an ideal home for executives and business owners who live busy lives but yearn to come home to a quieter place that allows for relaxation. relaxation and rest.
“Overall, these properties are good investment options for those looking for a place to live, rent, sell or relax,” Resurreccion concluded.