June 27, 2017

Play it smart, go with Ridgewood Towers

Investing can be hard. But if you do a thorough research and keep your head on straight, your chances of long-term success are good. While you can go big, sometimes it pays to play it smart.

For people looking for a major property investment in Metro Manila, there will always be apprehensions: locations that offer the most potential come with a hefty price tag. So instead of going big, can one invest by going smart?

Thanks to C5 Mansions Development Corp., property investors can go smart. Their project, Ridgewood Towers Premier, offers value for money. It is situated along the periphery of Bonifacio Global City (BGC), 400 meters from SM Aura, and just across McKinley Hill. Access to Makati’s Central Business District and the rest of BGC is limited to a few minutes of driving, while the country’s premier airport hub is a short drive away.

However, the project doesn’t carry the hefty price tag common among the nearby developments. This makes investing in Ridgewood the smart play.

The property is now being pre-sold at an average of P85,000 per sqm, compared to similar projects that start at P130,000 per sqm and up. To illustrate, it is the only residential development within walking distance of BGC that offers one-bedroom units at P2.1 million to P2.5 million.

The attractive cost should sound compelling to the practical investor, as he/she realizes a bigger income potential as the property appreciates.

Whether you rent out the place, or resell upon turnover, you can potentially receive bigger gains compared to nearby projects where you need to shell out way more.

By 2022, investors can expect greater value for their property – and that is playing smart.

1-bedroom unit
Due to its lower price, units can be leased out at much lower rates – between P16,000 to P18,000 for a one-bedroom unit and between P18,000 to P20,000 for a one-bedroom with balcony.

Compared to similar units within BGC and McKinley Hill that fetch up to P30,000 to P70,000/ month, Ridgewood units present an attractive option for young professionals who prefer to live near where the action is.

Apart from the lower rental rates, there is virtually no trade-off in terms of amenities or distance from the workplace, so expect the units to attract more tenants than its more expensive competitors within the area.

With a return on investment of about eight percent, a Ridgewood investment outperforms leaving your money in the bank, considering annual deposit rates of 0.25 percent and time deposit rates of 1.75 percent.

Alfonso Keh, Jr., general manager of C-5 Mansions Development Corp., said: We project strong demand for rental units since BGC is doubling its office space portfolio in the next few years.”

Thus, employment will also increase dramatically in BGC and this will create an acute problem on availability of quality residential condominium options, which Ridgewood Towers Premier will partly address once it is turned over, Keh pointed out.

Amenities such as lap pool, landscaped garden, and fitness gym make the project attractive to urbanites working in the area but have disavowed long commutes and prefer to stay within the periphery during their off hours.

Original article from Manila Bulletin as provided by developer.

For unit viewing, reservation and other information, get in touch with:

Ms. Zumi Santiago
Licensed Real Estate Broker
+63 9164441314 Globe/Viber