LRT City Jatibening, Indonesia via Steve Derodar
Sometimes, we ask what’s the point of us getting a place if it’s too far to get to subways or the rail system. Unless you have a car, it is a different story.
I read somewhere that connectivity has become a defining feature of the modern economy and one of the significant trends of the 21st century. Connectivity in real estate is quite the coming of age. Who would have thought that today’s most preferred developments are just as popular as railway stations?
Mobility would be the foremost consideration, especially if you commute daily. What if you have to go down to your elevators, and in a few steps, you are right on the subway? What if your building has direct access to a transport system connecting you in speed? It’s all possible, and the game-changing connectivity condo developments are here.
Today, more and more properties are conceptualized to ease connectivity further. In a matter of steps, you are in the commuter footprint. It feels relatively significant to be constantly on the go. With the rising population of the Philippine workforce, everybody must be on the go. Whether an executive needs to run meetings or students catching classes, many would agree that it is about efficiency.
In Metro Manila, with millions of people commuting daily, condo residential projects along the rail system are rising. Their unique selling proposition allows residents the experience of transport-integrated living. It’s no wonder that residential projects of this kind have been launched both in Manila and its neighboring cities and regions. Thanks to developers who capitalize on improved transport infrastructure, enabling connectivity and safe mobility to their developments.
Connectivity Condo Development probably started from while back but only more given notice these days by way of a norm. Interestingly, due to its popularity and mix-use, it is expected to appreciate due to the injection of more commercial and entertainment activities in the area. Perhaps, it has long been predicted that convenience in transport, accessibility, and comfortable abode is what makes the city.
I chanced upon watching Property Guru Awards Asia via YouTube, and among its many categories include Best Connectivity Condo Development. Its 2022 winner is a project from Indonesia, LRT City Jatibening, by KSO PT Adhi Commuter Properti Tbk. & PT Urban Jakarta Propertindo Tbk. It tells us that in Asia alone, it is a wildly known concept. Not going far, look around the stretch of EDSA and Taft Avenues; many buildings are taking advantage of the proximity of the transit infrastructures.
“It might be a wise investment that the property is near MRT and LRT as it is easier for people to get transportation, all the more when it is just a short distance to it. With growing developments to choose from, there are more opportunities for home ownership. “
SMDC may have projects like this, such as Light 1 & 2 and even GLAM on Kamuning. Notably, many buildings are from numerous developers near Magallanes, Boni, Kamuning, Cubao stations, etc. Perhaps, the longest walkways I could remember in Metro Manila are found on the stretch of De La Rosa Street, inter-connecting to malls to Ayala Station. Quite a recollection, Montreal’s famed Underground City as you shop: this pedestrian network right under the heart of the city links metro stations to shopping plazas for over 33 kilometers (about 20.5 miles). It opens up a world of entertainment, dining, and shopping while residences are within the vicinity.
Infrastructure Projects such as the LRT-1 Extension (Manila to Cavite), LRT-2 East Extension (Santolan to Masinag), and the PNR Clark Phase 1 (Tutuban to Malolos) are also expectedly to be eyed for developments shaping residential landscapes. We can expect more residential constructions with improved connectivity between Metro Manila and key Northern and Southern Luzon areas.
It might be a wise investment that the property is near MRT and LRT as it is easier for people to get transportation, all the more when it is just a short distance to it. With growing developments to choose from, there are more opportunities for home ownership. Many investors and absentee owners would believe that rentals are in demand because of convenience, and even resale value is highly appreciable.
Being based abroad and familiar with the broader need for speed, connectivity condo developments are just as a timely offering when everybody is looking for just the same as occupancy follows traffic. Where businesses are, people are. So, it makes more sense for a property to be connectivity-oriented. In addition, prices can go up quickly from the time of construction to these buildings’ completion.
The changing needs of the local housing market are undeniable, thanks to developers for providing homeowners with extraordinary, connected, luxurious, and sustainably built residences. It may still be a niche market, but who can resist connectivity?
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(Stevenson’s experience in Philippine Real Estate spans more than 15 years. He has been involved in horizontal, vertical, vacation, and commercial properties. He has worked as an International Property Specialist for markets in Asia, Europe, and North America with Ayala Land, Federal Land, and Century Properties. Through PhilHouseHunters, he offers real estate investment opportunities, marketing, and consultancy with a key focus on Metro Manila and Mega Cebu areas. Visit www.philhousehunters.com. Email at derodarsales@gmail.com.)
