Why I Chose (and Invested in) Century Properties
Creating some of the most magnificent developments in Philippine real estate history is what Century Properties is all about, and I can attest to that as a proud owner of one of the company’s incredible residencies. As the leading Philippine real estate development company, Century Properties has pioneered realty concepts and industry firsts, all of which have resulted in some of the most exciting and truly remarkable real estate projects in the country.
But what makes the Philippines so appealing as an investment opportunity? Why did I make the decision to put my eggs into the Philippines market basket?
Allow me to share some of those sentiments with you now.
Why Invest in the Philippines?
The Philippines’ residential property market continues to perform excellently due to robust economic growth. The average price of a luxury three-bedroom condo unit in Makati central business district, for example, soared 10.46-percent (inflation-adjusted at 6.95-percent) during 2017 to PHP199,050 (US$3,825) per square metre (sq.m.) from a number of year-over-year rises since 2012. During the last quarter, condominium prices in Makati CBD increased 2.55-percent (inflation-adjusted at 1.46-percent) in Q4 2017.
In 2018, the supply of new condos in Metro Manila is set to reach 27,000 units, up from a record 10,200 units in 2017 (according to Colliers International) – and, what’s more, rental yields are falling while vacancies are rising.
The Philippine economy expanded by 6.7-percent in 2017, from an average annual growth rate of 6.3-percent from 2010 to 2016 – and this was mainly driven by strong government spending, recovering agriculture and increasing exports. With a projected annual GDP growth of 6.7-percent in 2018 and into 2019, the economy is expected to remain among the fastest-growing economies in Asia according to the World Bank.
Century Properties: The Smart Choice
So now we get to the part in which I tell you how satisfied I am as a Century Properties home owner, while providing everything you need to know about these fabulous properties. For 30 years, Century Properties has “refused the ordinary” by offering some incredibly attention-grabbing residencies, and the company is looking forward to reaching the same goals in the next three decades – and beyond.
The impeccably-featured Century offerings are divided amongst Azure Urban Resort Residencies, Acqua, Century Spire, Commonwealth by Century, Azure North, Century Spire Offices, Acqua Livingstone, Acqua Iguazu, Novotel Suites Manila, The Milano Residences, Trump Tower at Century City, Essensa, Knightsbridge Residences, Gramercy Residences, Centuria Medical Makati and Century City Mall. At the top of the heap, the Azure Urban Resort Residencies – sitting at the Bicutan exit of the South Luzon Expressway and expressing a design aesthetic as imagined by Paris Hilton – boasts 20 floors for each incredible tower and includes premium amenities such as the Paris Beach Club, Azure Beach, Beach Bar, children’s beach, playground, lap pool, beach volleyball, basketball court and more.
But rest assured – whichever Century Properties residency you choose, you’re sure to experience the lap of luxury like perhaps never before.
And that’s the Century difference in the Philippines.
Need more information about Philippine properties or investment advice? Send an email to hello@welsglobal.com.
Dare to be different? Know more about Novotel Suites in Manila International Ownership Now Yours For The Taking.
