Whether for investment purposes or for finding an ideal place to live in, the younger generation is swooping in on the country’s premium condominium offerings for very practical — and familiar — reasons. SMDC captures a part of this growing market with Trees Residences in Quezon City.
“Based on interviews with various brokers, most of the people buying condominium units are between 30-45-years-old,” says Catherine Reformado, associate director of the research division of Leechiu Property Consultants. “These are either start up families (first time home buyers) or investors (unit for rentals). There are also younger millennials (below 30-years-old) who are buying for their own use but mostly those within the price range of P 2 million-P 4 million.”
For younger millennials who have entered the workforce, Leechiu’s research indicates that these are generally first time home buyers who are looking for places that are accessible to where they work. Reformado adds, “They want a unit that is near to everything, yet affordable.” Renting out a unit and generating passive income is also an appealing proposition to these buyers according to Reformado.
“There is more market awareness,” she adds regarding this generation of real estate buyers, while noting that they are educated enough to know the importance of investing young, liquidity, and securing one’s future. Reformado also points out that, “real estate is just one avenue to increase assets and generate income with sure capital appreciation, that’s why at an early stage in their career they save money to purchase a property.”
located in the thriving district of Novaliches, Quezon City
One such property that meets these requirements is SM Development Corp’s (SMDC) Trees Residences, which is strategically adjacent to malls, schools, and offices, while offering a safe, secure, healthy, and convenient lifestyle
In terms of accessibility, two stations of the soon-to-be-completed MRT 7 line is just a few meters away from Trees Residences. The train line will connect to the North Triangle Common Station, where transfers can be made to the LRT 1 Line, MRT 3 Line or the Mega Manila Subway, which leads to Makati, Ortigas, BGC, the MOA Complex and the Ninoy Aquino International Airport terminals. This level of connectivity is deemed important by the young real estate market in choosing a property investment.
SMDC’s Trees Residences is also proximate to SM City Fairview, where a National University campus and offices of multinational BPOs are located. Having these institutions nearby make SMDC’s Trees Residences a lucrative and highly leasable investment.
With more millennials and the next generation making their mark in the work force, it is only natural that they take note of properties to acquire, whether it be for their own residential needs or to turn them into future investments. For either option, these individuals need not look any further than SMDC’s Trees Residences to meet their stringent investment qualifications.
For more information about SMDC Trees Residences, visit https://smdc.com/properties/trees-residences/.
