If you had bought a condominium from ArthaLand’s Arya Residences in Bonifacio Global City (BGC) when it launched in 2009, its value would have increased by 165 percent in 2017.
That’s according to data from real estate analyst Leechiu Property Consultants (LPC), which listed Arya Residences and seven other properties as examples of the large price growth experienced by high-end residential condominiums around Metro Manila.
“Sustained demand and
LPC listed four examples of condos that more than doubled in price since their respective launches. Ayala Land’s The Residences at Greenbelt and JTKC Land’s Discovery
But the surge in condo price wasn’t exclusive to the Makati and BGC areas, as LPC also listed examples from the Ortigas Center and Cubao areas that experienced similar price growth. The Escalades at 20th Avenue project by Robinsons Land in Cubao, for example, experienced a 150-percent price growth since launching in 2009, surpassing every condo in the list in terms of growth rate apart from Arya Residences.
LPC’s data on residential condominiums’ growth rates is part of its monthly analysis on the Philippines’ real estate market.
This story originally appeared on Entrepreneur.com.ph.
* Minor edits have been made by the Femalenetwork.com editors.