Westborough’s strategic geographic location and the south of Metro Manila and its proximity to other landmark developments place it within the centre of one of the country’s fastest growing hubs for business, development and various economic activities. Investors can thus expect a steady appreciation in property values in the region as the number of residents, businesses and properties flourish in the years to come. The commercial lots on offer are also ideally sized for SMEs (small and medium-sized enterprises) and start-ups, making it a perfect testing ground for new business and private investments.
Westborough is already located alongside upscale neighbourhoods and key business players, and will soon be in the midst of a low rise condominium development. Other interesting and notable neighbours are bound to emerge as the property matures.
The population along the Sta. Rose – Silang growth corridor is projected to double in next five years; Westborough’s low density and lush, open spaces can be expected to become even more valuable in the near future. Its ability to balance natural scenery with urban connectivity will only appreciate in value as the area gentrifies. Given that this is the final phase of the Westborough development, this may be an investor or resident’s last chance to secure a possession within this highly successful real estate project.
Forty two lots (with a total worth of almost P1 billion) within the three commercial strips along South Boulevard were sold out on the first day of selling in 2013, while 45 commercial lots (with a total worth of P1.8 billion) within Westborough Town Centre were purchased when they were made available a year later. It would be wise to avoid waiting too long to invest in this noteworthy and uniquely-placed development.
Alveo Land president Robert Lao is also confident about the long term prospects of the property market in the Philippines, citing the country’s improving economic fundamentals, the significant value of overseas remittances, the size of its BPO industry, and strong projected domestic consumption in the near future as reasons to be optimistic in the prospect of the country’s real estate industry. He observed that Singapore, Japan and Hong Kong were the top foreign investors in the market, and noted that most were not speculative buyers. Their intentions are to secure promising returns for their investment, and not to flip the property in the short term for a quick profit.