Matching Condo Unit Types to Your Lifestyle and Investment Goals

As the country emerges from a tumultuous period and continues its growth trajectory, the Philippines is ripe with emerging opportunities for real estate investments this year. Experts foresee a boom in real estate in 2024 as the economy reopens, with McKinsey Philippines noting that the country’s real estate sector is returning to pre-pandemic levels.

When it comes to growing your assets, investing in properties in the Philippines has long been considered stable and less prone to drastic fluctuations compared to other investments. For those looking to grow their wealth, condos present a particularly appealing option.

Whether you’re seeking a condo for personal use or as an investment for passive income, these  units are an enticing opportunity. There is a constant demand for properties in convenient locations, close to banks, hospitals, schools, or workplaces.

Depending on your investment strategy, various condo unit types can help in wealth accumulation and long-term prosperity. Whether you’re looking for immediate rental income or long-term capital appreciation, the Philippine real estate market offers diverse opportunities to meet your financial goals.

How to be smart in choosing a condo unit type

When selecting a condo unit type, it’s essential to choose a property that maximizes your investment returns.

While your budget will influence whether you opt for an open-plan studio, a four-bedroom property, or a single-floor unit versus a multi-level condo, other crucial factors should guide your decision. 

As highlighted earlier, the location of a property significantly impacts its income potential. Consider whether the development is close to major thoroughfares, business and commercial centers, schools, places of worship, and hospitals.  Additionally, investigate any plans for new infrastructure in the surrounding areas, which can enhance the property’s value.

There are still promising investment opportunities within the city, with upscale properties maintaining their value due to their quality and exclusivity of amenities. High-rise developments offer safe and vibrant communities, along with  space, comfort, and security, can stand out from other properties. Meanwhile, properties in central business districts remain  remain highly valuable.

Choosing the Right Unit Type

One-bedroom unit

A spacious one-bedroom unit at 60 square meters can be ideal for a couple without children or a solo professional. These units offer a balance of comfort and convenience, making them attractive to potential renters and versatile for various investment strategies.

Two-bedroom unit

A two-bedroom unit provides ample space for those who need more room. The spare room can serve as an extra guest room or a home office, catering to the needs of those who expect guests regularly or work remotely.

Three-bedroom unit

For starter families, a three-bedroom unit at approximately 147 square meters offers plenty of space to grow. These units often feature large windows and open spaces, providing a comfortable living environment for families.

Luxury high-rise properties, such as those in Rockwell Center,  offer the convenience of being near the city’s top amenities and ample living space.Families seeking larger units and outdoor spaces will find these properties particularly appealing. Located in Rockwell Center, Proscenium at Rockwell provides a vibrant city life with state-of-the-art facilities, retail establishments, and luxurious open spaces.

To learn more about the unit types that Proscenium at Rockwell has to offer, visit https://www.prosceniumatrockwell.com/.