When purchasing a condo unit, a potential buyer often does so for one of two reasons: to live in the unit or to rent it. For many of these buyers, the purchase is seen more as an investment since they can in turn rent and earn housing, while benefiting from the added value of the property. This seems to be the case for younger people who are starting to invest in real estate.
“According to interviews with various brokers, most people who buy condominiums are between 30 and 45 years old,” says Catherine Reformado, associate director of the research division of Leechiu Property Consultants. “These are either start-up families (first-time buyers) or investors (rental accommodation). There are also millennials (under 30) who buy for their own use, but mostly those in the price range of Php2 million to Php4 million.
For millennials who have just entered the workforce, Leechiu’s research indicates that these are usually first-time buyers looking for accessible places in their workplace. Reformado adds: “They want a unit that is close to everything, but affordable.” Leasing a unit and generating passive income is also an attractive proposition for these buyers, Reformado says.
“There is more market awareness,” she adds of this generation of real estate buyers, noting that they are educated enough to know the importance of 1. investing young, 2. of liquidity and 3. to secure its future. Reformado emphasizes that “real estate is only a way to increase assets and generate income with a sure appreciation of capital, which is why at an early stage in their careers they save money. to buy a property ”.
Trees Residences hotel-style lobby with bespoke furnishings provides a warm and elegant welcome to its residents and guests
One of the properties of SM Development Corporation (SMDC) meets these requirements that Leechiu talks about and is emerging as the answer to the investment opportunities that the new generation of real estate buyers are looking for. SMDC’s Trees Residences are strategically adjacent to shopping malls, schools and offices, while providing a safe, secure, healthy and convenient lifestyle.
In terms of accessibility, two stations of the MRT 7 line, which are currently being completed, are located a few meters from the Trees Residences. The train line will connect to North Triangle Joint Station, where transfers can be made to LRT Line 1, MRT Line 3, or the Mega Manila Metro, which leads to Makati, Ortigas, BGC, MOA Complex and the Ninoy Aquino International Airport. terminals. This level of connectivity is considered important by the young real estate market in choosing a real estate investment.
At the heart of SMDC’s Trees Residences is a resort-inspired amenity area with swimming pools, lounges and function rooms. The community also has a multi-purpose basketball court and lush linear parks.
SMDC’s Trees Residences are also close to SM City Fairview, home to a National University campus and multinational BPO offices. The proximity of these institutions makes SMDC Trees Residences a lucrative and highly rental investment.
With more millennials and the next generation making their mark in the workforce, it is only natural that they take note of which properties to acquire, whether for their own residential needs or to turn them into future investments. For either option, these people don’t need to look any further than SMDC’s Trees Residences to meet their stringent investment requirements.
For more information on SMDC Trees Residences, visit https://smdc.com/properties/trees-residences/.