Besides being modern-day heroes, OFWs are also investors. While working abroad, they want to grow their hard-earned money and ensure a better future for their families.
Although there are various investment strategies for OFWs, from stock investing to opening a mutual fund account to franchising a business, the appeal of buying a property never fades among overseas workers.
In fact, even at the height of the pandemic, the OFW market served as a strong driver of Philippine real estate growth. Several OFWs may be looking for a modern home for their loved ones or a source of passive income, or both. In the real estate industry, hitting these two goals is possible by making one bold money move: buying a condo unit.
Modern condo developments are considered a complete investment package as they can offer units suitable for personal use or business purposes. Depending on the planned use, here’s what to expect from a condo investment:
Living in the condo unit
- Accessibility – Condo developments, particularly in Metro Manila, are a few steps away from corporate centers, educational and medical institutions, lifestyle hubs, and transport terminals.
- Leisure facilities – These recreational amenities, which typically include swimming pools, gardens, and play areas, play a vital role in creating a better quality of life for families.
- Eco-friendly community – Suntrust Kirana in Pasig City is a clear example of a green condo development. It promotes eco-centered living through its walkability feature, open green spaces, and Modern Asian “ecopolis” design.
Renting out the condo unit
- To staycationers – Going on staycations is now the norm for those who want to take a break without traveling too far. The returns are high for turning a condo unit into a staycation destination. The key is to have a well-designed interior.
- To young professionals – If the condo unit is located in a city with business hubs, renting it out to the employee market, including expats and business executives, could be a steady, lucrative source of income. In that case, cities like Pasig emerge as one of the best places for condo properties.
Why Choose Pasig City?
In 2020, according to a Lamudi trend report titled Hotspots Unwrapped: 2020’s Most Popular Locations, Pasig was hailed as the third most in-demand real estate location in Metro Manila. This highlighted the importance of convenience and mobility despite transitioning to at-home activities.
For OFWs who want the best for their families, Pasig is a viable option for a home that’s near essential establishments. Meanwhile, for business-minded OFWs, Pasig is a city full of opportunities. It’s the location of vibrant condo communities like Suntrust Kirana and plenty of potential short-term and long-term renters.
Further, Pasig City is dubbed as one of the most livable and greenest cities in the metro. In 2020, the city bagged awards for being a top Bike-Friendly City and Bike-Friendly Workplace. This is in addition to the local government’s initiatives in reducing plastic use and supporting green developments.
Why Invest in Suntrust Kirana by Suntrust Properties, Inc.?
Suntrust Kirana, the newest, eco-friendly condo development in Pasig, is set to elevate and bring serenity to urban living. It sits on 7,038 sqm of prime land along Urbano Velasco Avenue, soon to rise with four residential buildings, commercial units, and a fountain entrance.
A worthy investment for OFWs, this condominium in Pasig boasts master-planned and spacious units. Suntrust Kirana will have a total of 300 units, available in two types: studio (28 sqm) and two-bedroom (37 sqm). These units will be spread across four low-rise residential buildings (five floors each) to maintain the serene atmosphere within the condo community.
Designed to become a “gateway to a better life,” Suntrust Kirana combines the benefits of being close to nature, hosting amenities for sustainable living, and having a strategic location in a competitive city.
Nearest landmarks from this condominium for sale include universities (Pamantasan ng Lungsod ng Pasig, La Consolacion College, Arellano University Pasig, and St. Paul Pasig); leisure hubs (ArcoVia City, Estancia Mall, Ayala Malls The 30th, and Uptown Mall), and healthcare facilities (The Mission Hospital Pasig, The Medical City Ortigas, Holylife Hospital, and St. Luke’s BGC).
Suntrust Kirana will also have a thoughtful mix of amenities, including adult and kiddie pools, a clubhouse, a children’s playground, and a gazebo set against the backdrop of lush, calming greenery.
Currently at the pre-selling stage, Suntrust Kirana presents itself as an affordable investment option to the OFW market. Interested buyers can enjoy initial low prices and increased property value once the key is turned over.
First published in Lamudi.