| Photo courtesy of Million Acres
We often hear developments springing in different locations. You probably heard it right. Many of these developments include master-planned communities. While they are primarily horizontal developments, they may also include vertical developments. Developers masterplan big developments to conceive concepts for a truly inviting residential experience.
Choosing a community to live in is extremely critical to one’s utmost peace of mind. There are communities that have been built satisfying the unique needs of its residents such that it can be a leisure residential community, resort-oriented development, or a retiree’s paradise. These can be some of the many reasons a master-planned community is especially unique. Due to amenity offerings and the quality of the development, it can be a substantial investment for many as developers would have specific guidelines to home design or home building restrictions complementing the overall design of the master-planned community.
Ever wondered why some communities do have golf courses, tennis courts, lakes, parks, playgrounds, swimming pools, and even stores and restaurants? These are typical to what characterizes a master-planned community. Usually, master-planned communities are considerably well organized, well-planned, and well-funded.
According to www.fool.com, a master-planned community, or MPC, is a large, planned residential neighborhood. In contrast to most residential developments, MPCs are often self-contained small cities, with commercial properties and extensive recreational, educational, and other amenities. It’s not uncommon for an MPC to be 10,000 acres (15.6 square miles) or greater in size.
“Ever wondered why some communities do have golf courses, tennis courts, lakes, parks, playgrounds, swimming pools, and even stores and restaurants? These are typical to what characterizes a master-planned community.”
Master-planned communities often have recreational amenities such as golf courses, pools, walking trails, and lakes. They often have their own school systems, shopping and business districts, and other components you might expect to find in a typical suburban town.
The general development idea with an MPC is that a developer will acquire a massive plot of land and gradually sell it to residential builders or commercial developers to build out the community over time. Oftentimes, Master-planned communities are project developments that can take years to fully complete its over-all project delivery but are not strictly so.
“In the Philippines, many of the so-called MPCs not only provide superior safety features, but also provide a unique feeling of security. Many of these neighborhoods are either gated, patrolled by neighborhood security or both. They are extremely well maintained and offer what one expects in a massive development.”
In the Philippines, many of the so-called MPCs not only provide superior safety features, but also provide a unique feeling of security. Many of these neighborhoods are either gated, patrolled by neighborhood security or both. They are extremely well maintained and offer what one expects in a massive development. Most big developers are behind master-planned communities which have extensive residential development track records.
Master-planned communities are often in response to the demands of its residents offering the conveniences needed in a development. Commercial components can be found within the confines of the development or within its proximity. Often, even academic and banking institutions are situated within its territorial accessibility.
MPCs offer amenities such as pools, golf courses, interest clubs, community events, gym memberships, water parks, hike, and bike trails and much more. Each community offers different amenities, but regardless of which MPC you choose, there will be a variety to choose from. Some do have distinguishing features that can be different from the rest.
According to Frank Sitterle, partner and owner of Sitterle Homes in Texas, “A master planned community is designed to offer one place where people can not only live, but also work, shop and relax.” He added, “For families, top-notch schools are nearby. For busy professionals, many amenities take care of the daily details while neighboring shopping centers offer the rest.” These communities are built for your utmost convenience, ensuring that you don’t have to leave the community to find anything you need.
“Buying a home in an MPC is an excellent investment. It is almost a perfect choice for any residents wanting to have everything it needs or a sound real estate investment…”
In many parts of Laguna, Cavite, Pampanga, Batangas, etc., master-planned communities are on the rise. It is not surprising to think that this is due to developer’s massive land banking and are within the growth areas of the region. I have had clients in many master-planned communities and are up to this day enjoying the comforts of their communities. They have ample amenities for families to enjoy such as parks, children’s playrooms, family treehouse, picnic gardens, etc. while schools are within a few minutes from their community.
Buying a home in an MPC is an excellent investment. It is almost a perfect choice for any residents wanting to have everything it needs or a sound real estate investment with their belief in developer’s commitment for its master-planning attributes and the quality of the developments.
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.