If you are interested in making an investment in real estate, you should search for developing areas that are well on their way to becoming full-fledged destinations.
Because San Vicente is still in the process of being developed to its full value, real property prices have not yet reached their peak.
In point of fact, there are still many properties available outside of the Long Beach area, and the prices for these properties are lower.
It is not too late to acquire the parts that are still available.
The depressing reality is that the average annual interest rate offered by banks for savings accounts and deposits is less than one percent. If you have at least one million dollars sitting in the bank, you will still be required to pay taxes on that amount, which is less than ten thousand dollars per year.
That activity is known as banking!
Do you know that beachfront properties in San Vicente are selling at a price of ₱200,000 per hectare approximately twenty years ago?
Long Beach real estate currently sells for anywhere between ₱20,000 and ₱27,000 per square meter, depending on the neighborhood.
If you were able to purchase a plot of land measuring one hectare (or 10,000 square meters) in the past for the price of ₱200,000, its current selling price would be somewhere between ₱200,000,000 and ₱270,000,000!!!
That kind of activity is known as real estate investing.
Back in the 1980s, beachfront properties on Boracay were going for between ₱2,500 and ₱5,000 pesos (or dollars) per square meter. Now, one square meter costs more than one hundred thousand yen!
Investing in real estate has been shown to be a form of investment that is low-risk but high-yielding, and its value continues to rise despite both inflation and the pandemic!
Ten years ago, rice field properties could be purchased for a price of ₱200,000 per hectare.
At this time, the price per square meter can range anywhere from ₱500 to ₱1,000, depending on the location behind Long Beach!
If you were able to purchase a rice field of 10,000 square meters in the past for the price of ₱200,000, the current selling price of that same rice field would be somewhere between ₱5,000,000 and ₱10,000,000, depending on the location.
Trivia!
Do you know that Megaworld was successful in selling all of its first batch of commercial lots in Paragua Coastown in the previous year (2022) at a price of more than ₱40,000 per square meter?
This is during the pre-selling phase, and it refers to the "lot only"!
Another Piece of Random Information!
Do you know that before Megaworld launched Paragua Coastown, properties located in the surrounding area were selling for between ₱2,500 and ₱3,000 yen per square meter and year?
Following the aforementioned launch, the prices of many different lots in Kemdeng immediately increased to ₱5,000 per square meter, depending on the location.
Think about where your investment could go if you invested in San Vicente!
It is teeming with so many investors that sooner or later, their respective projects and developments will get off the ground!
And San Vicente is bursting at the seams with possibilities and opportunities!
