Has the thought of residing in mega developments ever crossed your mind? For sure it did. Who can’t miss the large-scale billboards in the highways inviting you to their ongoing developments? I am talking about project developments that have for years continue to offer residential units and lot properties for investment.
Although not necessarily for primary residence for some as others can serve as their vacation homes and half-way homes if not purely rental investments. Project developments offer a unique living experience for both their target clientele and patrons.
“A Project development is a progressive development especially for ambitious and large-scale projects which would take longer years to fully complete in comparison to the usual urban and sub-urban residential communities based on the over-all land development. Its development can be made throughout the course of its land development.”
In many growth areas, project developments take advantage of their potential, exclusivity, and strategic locations. We can name a few places in the Luzon region with massive developments and you would know that there are tons of real estate construction activities going on. Interestingly, there are leisure communities that are project developments that are among the favorites of some discerning target markets: retirees, golfers, adventure seekers, executives, families. Some of these project developments include Tagaytay Highlands in Cavite, Anvaya Cove in Morong, Bataan, Punta Fuego in Nasugbu, Batangas and Ayala Greenfield Estates in Calamba, Laguna among others which would take years due to their relative size to fully complete.
What’s Project Development? A Project development is a progressive development especially for ambitious and large-scale projects which would take longer years to fully complete in comparison to the usual urban and sub-urban residential communities based on the over-all land development. Its development can be made throughout the course of its land development. It is within the concept of property development and can include a purchase of raw land and the sale of developed land or parcels to others. It can also include sale of residential units such as condominium units or house construction within a specific large-scale development.
Project developments require extensive land improvement, road network mapping and land use. It can come with purely house construction or mix of building development within its territorial domain. Usually it takes years to fully develop the project offering a “phase by phase” development however the main amenities are usually completed first and additional more can come in depending on its targets. Project developments are characterized with sizable hectares of land giving rise to newer communities complementing the overall project plan. Phase delivery means house construction can commence for lot owners or buildings within it are completed and can allow use of the amenities as they become available.
“Real estate development is different from construction, although many developers also manage the construction process. Developers buy land or enters joint ventures, finance real estate deals, build or have builders build projects, create, imagine, control, and orchestrate the process of development from the beginning to end.”
Real estate development is different from construction, although many developers also manage the construction process. Developers buy land or enters joint ventures, finance real estate deals, build or have builders build projects, create, imagine, control, and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate—and receive the greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it.
I have known of clients who have invested only in the lot and would later sell out their property after a period of time as the properties appreciated in value. Some also built house construction and would later sell out for profit. The vision of these developments is taken into consideration that projects are best known for their thematic appeal, lot or unit size offering and distinct living. Here are few of my favorites:
Tagaytay Highlands is a mountain resort and mixed-use development situated in Tagaytay, Cavite, Philippines.
Tagaytay Highlands is home to The Highlands, The Midlands and The Greenlands. Tagaytay Highlands is a network of exclusive, themed residential communities that’s complemented by Asia’s most exciting golf courses, a selection of restaurants and a variety of leisure activities, all set amidst the stunning views of majestic Taal Lake and the lush, cool mountains.
Among the developments inside the Highlands in some of its building structures were inspired from the designs of mountain resort and ski lodge buildings in Colorado, United States.
Residents and owners of properties in the Tagaytay Highlands get to enjoy exclusive perks such as membership at the Tagaytay Highlands Country Club and amenities including two golf courses, sports center, horseback riding ring, animal farm, cable cars, all-terrain vehicle (ATV) rides, among others. It also boasts a wide array of more than 20 restaurants that offer cuisines from almost all parts of the globe.
It is developed by Highlands Prime, Inc.
A seaside residential community like no other, Anvaya Cove encompasses 470 hectares, from a 3.5 kilometer coastline to a peak elevation of over 130 meters above sea level. The development offers neighborhoods with distinctive environments set against stunning views of the mountains of the Bataan range and the waters of Subic Bay.
Anvaya Cove is Ayala Land Premier’s first venture in leisure development. Its unique “mountains meet the sea” topography gives it the features of both a mountain retreat and a seaside resort.
Fuego Point, commonly known as Punta Fuego, is a flame-shaped headland located in western Batangas province on the island of Luzon in the Philippines. It extends as a 2.9 km-long promontory into the South China Sea overlooking Fortune Island and Nasugbu and Calayo bays in the municipality of Nasugbu. It is home to the exclusive Club Punta Fuego and Peninsula de Punta Fuego resort and seaside community.
Punta Fuego is moderately high and rocky, with an islet off its north side. Two other islets, connected by a reef, lie southeast of the point, and have a pinnacle rock, awash at low water, on their eastern side. The 88-hectare residential resort has several private beaches, a golf course, marina and a heliport developed in 1995 by Landco Pacific and Roxaco Land.
AYALA GREENFIELD ESTATES
Ayala Greenfield Estates is a 350-hectare residential development, serves as the habitat of 35 species and 21 families of endemic and migratory birds. The flora provides a magnificent backdrop to any family scene, and the cool mountain breezes comfort both body and mind.
With priceless views of Mount Makiling, Laguna de Bay, Tagaytay Ridge, and the Metro Manila cityscape, Ayala Greenfield Estates also has first-class recreational amenities, including its very own 18-hole, par 72 championship golf course designed by Robert Trent Jones II, the father of environmental golf course design.
It is developed by Ayala Land Premier.
Common to the aforementioned developments are the leisure components that they provide to the community. Developers capitalize on premier living and leisure destinations that speak of exclusivity and luxury.
“Project developments are an outstanding choice for those who believe in the project and fulfill a need for desirable communities. They offer the feel, security, and comfort.”
Having visited these developments and even have sold lot parcels in Ayala Greenfield and Anvaya Cove, I am certain that buyers are embracing the vision of these project developments. Punta Fuego and Tagaytay Highlands are also equally prestigious and I happen to get updates on inventory from both homeowners and the developers.
Project developments are an outstanding choice for those who believe in the project and fulfill a need for desirable communities. They offer the feel, security, and comfort. By embracing the vision of project developments it allows the clientele to fully experience the beauty of the projects and help realize the developers dream to come forth its vision into reality.
(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 to 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 to Metro Manila and Mega Cebu areas. Visit www.philhousehunters.com. Email at firstname.lastname@example.org.)