The Rise of Condominiums and Hotel Investments in Iloilo City
Condominiums and hotel constructions… you see them everywhere, especially in a city that is booming such as Iloilo.
When a city is progressing and local business is bustling, the demand for residential developments and hotel accommodations is expected increase.
Translation: “It’s nice to reside in Iloilo nowadays!”
All of a sudden, Ilonggos overseas want to get back home in Iloilo or at least own a type residence in their home city.
Retirable Ilonggos outside the Philippines now aspire to come home and live in their luxury condo units here in Iloilo City.
Actively working immigrants abroad want properties for temporary residential use when they go home to Iloilo for vacation.
And some just want an Iloilo property because of its real estate potential.
Real Estate giant, like Megaworld, has been building luxury condominiums in Iloilo City since 2013 and it attracted plenty of investors not only because it is by far the best residential condominium development in the city but also because of it is very encouraging appreciation rate.
Click to the article on Iloilo Condominiums’s value appreciation rate
Megaworld Corporation Founder Andrew Tan and his son, Kevin
It’s like a no-lose situation fro investors with end-user needs. You do not only own physical asset that increases in value over time, you also own a residential place you can proudly use.
Iloilo City Tourism at an all-time high
Ilonggos want to come home to Iloilo, we get that. But now people — even those without an Ilonggo connection — just want to visit Iloilo.
Iloilo City has now become a destination city.
The figures show that in 2017, Iloilo had 23.21% more tourist arrivals compared to the previous year. And we can speculate that 2018 had even more tourist arrivals — perhaps the largest ever.
No Longer About Dinagyang
The Dinagyang Festival is definitely a big reason for this. But now, it is more than that.
City tourism is no longer only about Dinagyang but it is now because of Iloilo City — its sights, food, culture, progress, and opportunities.
Arguably it is the best city in the Philippines right now.
Dinagyang attracts tourists, yes, but Iloilo City in itself is now an attraction.
Because of the surge of tourists and visitors in Iloilo, the demand for hotels increase.
Megaworld has launched Belmont Hotel Iloilo to operate in late 2022. It will serve as a condohotel which investors can purchase a condo property but will be leased to function as a suite of a 4-star hotel. Unit owners (investors) will have a share of the profits of the hotel.
CLICK HERE TO WATCH VIDEO OF BELMONT HOTEL ILOILO INVESTMENT
Investing in either condominiums or Belmont Hotel shares will bring in huge potential returns.
Iloilo real estate is booming right now and this is not the right time to be gunshy. Invest in Iloilo City tourism and properties like you mean it! NOW IS THE PERFECT TIME TO DO IT!
