Array
Real Estate

A BGC in Every Region? Masterplanned Townships Spread Across the Philippines

It's a sign that property buyers are willing to pay for order, community and systems, says property expert

Shares
Photography: alveo land/WIKIMEDIA COMMONS

Whenever experts and analysts talk about the massive opportunities in the real estate industry, chances are the discussions are focused on the Metro Manila market.

 

Data from real estate analyst Leechiu Property Consultants (LPC) revealed that there are at least 63 masterplanned communities, mixed-use developments, business districts and townships across the National Capital Region (NCR). It identified these projects as hotbeds for property development and investment due to their more organized features.

“What we’ve seen is that people will pay for planning,” said David Leechiu, CEO of LPC, in a media roundtable last September 18. “People will pay for order. People will pay for systems and community. These are the things we have to build.” But LPC also revealed that such developments aren’t limited to Metro Manila. In fact, it identified more masterplanned developments outside NCR than within it, as LPC listed 85 townships, business districts and other similar projects located in various provinces around the Philippines.

ADVERTISEMENT - CONTINUE READING BELOW

The infographic above shows how many of these developments can be found within each of these provinces and cities. While areas such as Metro Manila and its surrounding provinces as well as Cebu and Davao have an expectedly large number of projects within them, LPC’s data shows that one can already find townships and mixed-use projects in almost every region of the country, which it dubbed as “unprecedented countryside development.”

In fact, Leechiu revealed that the largest masterplanned development in the country is not within Metro Manila but outside it. Hamilo Coast, a residential and hospitality development in Southern Luzon by SM Prime Holdings, spans 5,900 hectares. In comparison, all of the masterplanned communities within Metro Manila have a combined landmass of only 4,000 hectares. While SM Prime Holdings may have the largest project, it is not the most active developer of masterplanned communities around the country. That title goes to both Megaworld Corp. and Ayala Land, which Leechiu identified as the “most aggressive township developers” among the many names behind these 148 projects.

“Megaworld and Ayala both have the timing right [and] the mix right,” he added. Leechiu sees these masterplanned developments not only as signals of growth opportunities for any area, but also as a smarter and more sustainable way of rolling out real estate. He pointed to Ayala Land’s Lio Tourism Estate in Palawan as an example, where he compared it to the rest of El Nido.

“I’m a big believer of Lio Tourism Estate because that will be the example,” said Leechiu. “It's probably the only place in El Nido where there's underground infrastructure, sewer treatment plant, waste management program, agriculture program to feed the community, employment program [and] transport program, all to reduce waste, all to conserve the environment and make it sustainable.”

ADVERTISEMENT - CONTINUE READING BELOW

“There’s a lot of infrastructure and planning that goes into that, whereas [elsewhere] it’s just total chaos,” he added.

 

 

*****

 

Lorenzo Kyle Subido is a staff writer of Entrepreneur PH

 

This story originally appeared on Entrepreneur.com.ph.

* Minor edits have been made by the Realliving.com.ph editors.

More on Realliving.com.ph

Shares

Latest Stories

How Often Should You Wash Your Pillows?

Heads-up: The pillows we use are filled with germs and bacteria!

How to Survive If You Only Have One Bathroom at Home

Here's how you can make the small, shared space clean and functional

A Tiny 21sqm Studio Unit Undergoes A Needed Makeover

Interior designer Kat Villanueva-Lopez worked with clever storage solutions, multifunctional furniture, and sleek finishes to turn the cluttered space into a haven for a family of three

Done with KonMari? Here's Where You Can Donate Old Clothes and More

Make someone else happy by donating your pre-loved items!

7 Ways to Use Hooks Around the House

From organizing the kitchen to displaying your favorite plants, your pack of hooks can go a long way!

How to Correctly Clean Kitchen Counterops and Other Surfaces Your Child Touches

Your kitchen countertop is one of the dirtiest surfaces at home

Start The Year Right With These Decluttering Tips

Achieve a cleaner and brighter home with these handy hints

Sagada's Newest Art Hub Is a Sanctuary in the Mountains

It is called the Dogo Siwang Art Hub

You'll Feel Right at Home in This Hotel in Pasig City

We're definitely going back!

Welcome Prosperity and Positive Vibes Into Your Home with Feng Shui

Improve the positive energy in your home with these friendly reminders

Kids Can Enter Ayala Museum For Free This Weekend

Don't miss out on this!

Turn Your Bedroom Into A Comforting Space with These Colors

Sweet, calming, and neutral colors are our top picks!
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!