The most sought-after destination for real estate in emerging markets is Quezon City in the Philippines, says a specialist website.
The most populous city in the Philippines and Metro Manila’s largest city topped the list of most searched for locations in the first three months of 2015, with 49,244 inquiries on global property portal Lamudi.
Property demand in Quezon City is fuelled by employees of top multinational companies, including Emerson, Citibank and several call center companies based there.
The following is Lamudi’s post:
January 19, 2015 · Author: Lamudi
Property Hunting in Quezon City
In terms of big cities, it doesn’t get any bigger in Metro Manila than Quezon City. The largest city in terms of area and population. It stands to reason that QC, as it is colloquially known, has a significant amount of real estate options available.
Before making the assumption that availability is the only reason to consider property hunting in Quezon City, it is best to know more about the region. Therefore, you can understand what makes the real estate in this area a viable investment.
One of the most dynamic metropolitan areas in the Philippines, Quezon City continues to be placed in high regard among Asian cities in terms of economic potential, cost-effectiveness, and overall quality of life.
Thriving Commercial Centers
Cubao has always been the main commercial center, as the area hosts a number of shopping malls, the farmer’s plaza and market, as well as the famous Smart-Araneta Coliseum.
Other commercial centers have emerged in the city in recent decades as well, most notable of which are Eastwood City and the U.P.-Ayala TechnoHub. A commercial and residential development, Eastwood presently boasts 12 luxury residential condominium towers and the Eastwood Mall. The U.P-Ayala TechnoHub, on the other hand, is a development serving as a center for campus development and an ideal location for business outsource processing firms.
Other large-scale real estate projects in QC currently in the works include the 29-hectare Vertis North, touted to become QC’s first central business district. When completed, Vertis North will have approximately 45 towers and buildings composed of offices, shopping malls, hotels, and residential condominiums. Ayala subsidiaries have already launched condo projects here: High Park by Alveo Land and Avida Towers Vita.
A Green City Suitable for Learning
While major areas of the city continue to enjoy high levels of development, QC has also managed to earn a reputation as a green city. The city administration continues to be active in the implementation of environmental initiatives, including green purchasing and green building programs. The results are evident with the thriving of areas like the Quezon City Memorial Circle and the La Mesa Eco Park, among others.
Quezon City is also home to a number of educational institutions, the most recognizable of which are the University of the Philippines Diliman and the Ateneo de Manila University.
These institutions of higher learning make the city a popular choice for house-hunters.