Demand for Waterfront Homes on the Rise – Manila Bulletin
There’s a certain sense of prestige that comes with a waterfront address. Besides the obvious reason for its limited supply and high demand, what really commands this extra premium for waterfront developments is the significant increase in happiness that humans experience when near bodies of water.
Confirming this attraction, a study by Santos Knight Frank revealed that coastal and port developments are increasingly popular. Around 23% of local respondents now consider properties overlooking bays, beaches and lakes as their next home.
Much of this is attributed to the fact that the pandemic has prompted people to weigh in on quality of life and transform their lifestyles. Homebuyers are now paying more attention to residential developments with location characteristics that focus on holistic well-being.
Besides the obvious aspiration to greet the morning with the sound of the waves, to relax the evening with cold beer and a cool breeze, or to be perpetually in a happy holiday state of mind, here are the advantages of investing in waterfront property.
A feast for the eyes, a boon for well-being
Living by the water soothes the mind and soothes the soul. Studies show that being surrounded by nature or viewing scenes from nature contributes to emotional health. This also results in improved physical well-being, with reduced blood pressure, muscle tension and stress levels.
You don’t have to look far, however, just to enjoy the many health benefits that waterfront development offers. Located along Roxas Boulevard, Sands Residences by SM Development Corporation (SMDC) not only offer sparkling sunsets and breathtaking views of Manila Bay, but also well-rounded resort-style living.
The planned 51-story development houses a plethora of luxurious amenities that reflect SMDC’s commitment to building safe, secure, healthy and sustainable communities.
Such commitment is evident in every touchpoint you’ll have at the Sands Residences – from the lap pool and kids’ pool where your family could bond, to a sunset lounge and sunset verandah that give you a break, to other social areas such as the fitness room where you could get your heart pumping and a party room where you could toast to the successes in your life.
Complementing the well-appointed spaces in an SMDC development, of course, is an aura of wealth that they have always envisioned to offer residents.
A veritable zenith of luxury, the interiors of the Sands Residences are brushed with gold and white colors. The Grand Lobby is an impactful welcome and reflects the stunning sunset hues of Manila Bay.
To complete this hotel-like design, a doorman warmly welcomes you and your guests. The utmost peace of mind is also at your fingertips, with reception staff offering you on-demand assistance, a professional property management team providing 24-hour care, maintenance and security.
Exceptional living at its best
Roxas Boulevard is a major thoroughfare that runs through the cities of Manila, Pasay, and Parañaque. The coconut tree lined promenade serves as an iconic gateway to the many lifestyle opportunities that abound in the area.
For lovers of history, art and culture, iconic sites such as Intramuros, Rizal Park, Fort Santiago and San Agustin Church are nearby. There is also a wide range of museums, with the National Museum of the Philippines and the Metropolitan Museum of Manila accessible from Sands Residences.
Mainstays of Philippine entertainment and recreation, such as the Cultural Center of the Philippines, the World Trade Center, the Yacht Club of Manila and the newly renovated Metropolitan Theater are in your neighborhood. When it comes to shopping, one of the best options available to you is the SM Mall of Asia complex.
‘Exceptional living’, however, does not stop at the immediate vicinity of Sands Residences. Proximity to Ninoy Aquino International Airport and vital arteries such as Skyway and South Luzon Expressway bring you closer to countless destinations on and off the metro.
Put them together with the many commercial and essential establishments around Sands Residences, and ongoing government infrastructure projects to further improve connectivity, and you have a home positioned to be one of the most prestigious addresses in the metropolitan area. from Manila.
The house of your dreams, an ideal investment
As Andrew Frondozo, Head of Project Management at Santos Knight Frank, put it: “Better life, better circumstances, better timing starts now. The growing demand for waterfront residential developments – coupled with its limited availability, especially in major cities – equates to a bankable real estate asset.
Rising real estate values along Roxas Boulevard add to the clamor for waterfront properties. According to a study by Leechiu Property Consultants, Bayside Boulevard is seeing a staggering 27% year-over-year price growth. In 2010, the value of real estate along Roxas Boulevard stood at 35,000 pesos per square meter, and just a decade later it reached 450,000 pesos per square meter.
Additionally, the development’s proximity to historic sites and other tourist destinations in Manila, as well as the unique five-star experience it brings, places Sands Residences in a strong position to reap the benefits of the post- pandemic. As CNN Travel noted, people are all about “revenge travel” these days — which, for investors, means sustained demand for short-term rentals from local and international staycationers.
Acquiring a waterfront home today would therefore be killing two birds with one stone: realizing the dream home you’ve always aspired to and capitalizing on an upward trend that guarantees bountiful returns. Given its broad market base, high-end offerings, and prime location, Sands Residences could be your most lucrative real estate investment yet.
To learn more about SMDC’s Sands Residences, follow SMDC on Facebook, Instagram, YouTube and Twitter.
SUBSCRIBE TO THE DAILY NEWSLETTER
CLICK HERE TO JOIN