SM Development Corp’s South 2 Residences becomes top choice for property investment

South 2 Residences’ predecessor, South Residences, appreciated in value by 190 percent over the past five years  

View of the Manila Bay skyline along the entire stretch of Roxas Boulevard, viewed from Manila Yacht Club. MichaelDEdwards/Shutterstock

Many Filipinos are reluctant to invest due to a lack of knowledge of investment options that would provide secure returnsReal estate is one of the safest options today, with the Philippine real estate industry displaying resilience and adaptability. The Residential Real Estate Index of Bangko Sentral ng Pilipinas suggested that despite the economic downturn from the pandemic, property prices continue to increase, reported 

Las Piñas, located south of Manila, is an upcoming city with a young population and close proximity to central business districts. SM Development Corp’s (SMDC) newest project, South 2 Residences is nestled in Las Piñas City, which has become the top choice in the area.  

SMDC is an impressive developer, winning eight major accolades at the 8th PropertyGuru Philippines Property Awards, including the most coveted “Best Property Developer” and “Best Lifestyle Developer” titles, as well as 17 Highly Commended citations.  

The company has become a market leader in the industry with its strategic locations, resort-style amenities, integrated lifestyle, and hotel-type lobbies.  

South 2 Residences answers to an integrated lifestyle in the metro, as it’s situated within the SM Southmall Lifestyle Complex, providing direct access to SM Southmall, SM South Tower offices, and other transport terminals.  

South Residences, the predecessor of South 2 Residences, has appreciated in value by 190 percent throughout the last five years. The current market value is PHP163,000 (USD3390) per square metre from the original launch price of PHP86,000 (USD1789) per square metre.  

A study by Leechiu Property Consultants (LPC) on Las Piñas properties indicated that developments close to support facilities yield higher returns, with mixed-use projects projecting the highest average-price growth at 180 percent.  

More: The Philippines real estate market prospects for 2021

South 2 Residences’ high accessibility to living essentials provides it with a competitive edge. It also offers homebuyers easy access to employment and livelihood opportunities and everyday necessities.  

David Leechiu, LCP CEO said, “SMDC democratised owning property. Access to big, fancy pools, access to jogging paths, and access to secured housing without worrying that nobody will break into your house was only made available at a scale that happened because of SMDC. They make these available to the regular person.”  

As the Philippines’ economy reopens, supported by low-interest rates and the availability of the COVID-19 vaccine in the near future, South 2 Residences is a considerable investment opportunity for 2021.