For those looking to purchase a home with a long-term view toward growing a financial nest egg for the family, or simply for an outright investment with a plan to flip it in the future, Quezon City remains to be one of the compelling locations within the National Capital Region to do so.
Traditionally, Quezon City has always been an ideal urban address primarily because of the proximity of residential communities and support establishments to each other. This is because the city was originally master planned to be the capital of the Philippines during the administration of President Manuel L. Quezon, after whom it was named.
Even if such vision was short-lived, the foundations of modern urban planning that were laid served to create an enduring city that is truly conducive to family living. Schools, hospitals, malls, commercial centers, offices and even government agencies are all within easy access wherever one may be within the area.
It is therefore not surprising that Quezon City is the most populous city in Metro Manila, counting close to 3 million residents. According to the latest available data from the Commission on Audit, it is also the wealthiest city in the country as of 2021 with nearly PHP 451 billion in assets. Just last year, the Department of Trade and Industry ranked it as the Overall Most Competitive Highly Urbanized City.
By all indications, Quezon City is poised for continued growth and remains to be a sought-after real estate location. In a study by Colliers International, average land values in Quezon City have been noticeably on the rise. In the five-year period leading to the second half of 2020, it stood at PHP 275,000 per square meter, exhibiting an annual increase of about 10 percent—making it comparable in growth rate to prime, established areas such as Makati, Ortigas and Bonifacio Global City.
Moreover, according to a market study by Jones Lang Lasalle (JLL) as of the final quarter of 2022, Quezon City is among those that hold majority of the existing supply of offices, residential condominiums and retail spaces in Metro Manila, and is expected to further dominate these segments by 2025.
These are clear indications of the rosy prospects of property developers for the location as they plow investments in creating various real estate offerings in Quezon City. One such developer is DataLand Inc. (DLI), the real estate arm of quadruple-A contractor DDT Konstract Inc. (DDTKI). It has zeroed in on Quezon City as a vital location where it can realize its mission of providing Filipino property buyers with quality beyond the basics.
One of its latest flagship projects is a mixed-use twin-tower development along the main EDSA highway in the well-known area of Mother Ignacia Avenue in Quezon City. Not only is it anticipated to enhance the skyline—set to be one of the tallest buildings along EDSA—it is also seen to create a genuine live-work-play lifestyle for urbanites with its strategic mix of residential and office spaces, complemented by a retail and commercial hub.
With this project, DLI provides Filipino families the perfect opportunity to finally be able to call Quezon City home. Meanwhile, investors whether here or abroad can also look forward to generating passive income through property rentals in this prime urban building.
Ultimately, discerning buyers can ascertain that owning a piece of this landmark development will prove to be a wise decision in the long run—growing in value along with the evolution of Quezon City as one of the most dynamic and progressive urban centers in the country.
Visit www.datalandinc.com
