Condo trends, insights for 2024

Buying a property in the right location is crucial.
This is what Joey Bondoc, research director at Collier International Philippines, highlighted at the recent property preview event with developer RLC Residences.

Bondoc added that respondents of a Colliers study feel the same way, as 62 percent prioritize proximity to offices, malls and other amenities when buying a condo unit in Metro Manila.
This trend is particularly evident in the success of RLC Residences' SYNC N-Tower located in Pasig, which boasts 71 percent of units sold. Accessible to Makati, Fort Bonifacio, Eastwood City and Ortigas Center, SYNC has resonated with urban dwellers seeking a strategically located residence that complements their lifestyle.
Woodsville Crest's proximity to the airport makes it an ideal rental unit for expats and a smart investment opportunity for Filipinos. Woodsville Crest is RLC Residences' nature-inspired development located in Merville, Parañaque, which is also accessible to CBDs like Makati and BGC.
Another Colliers study reveals that 45 percent of respondents plan to use their upcoming property purchase for end-use, while 55 percent intend to use it for investment. The return of expatriates is also a significant factor contributing to the demand for investment properties.
Bondoc advised putting a prime value on developers' track records when making investment decisions. A strong track record instills confidence in stakeholders looking for reliable and reputable developers to invest their hard-earned money.
Sierra Valley Gardens, one of RLC Residences' award-winning pre-selling developments located in Cainta, Rizal, has seen a remarkable appreciation rate of 47 percent since its launch date in 2020. It has received multiple accolades locally and abroad for its features such as smart home-ready units, strategic location, and amenities for various pursuits.
