Top 10 Reasons to Invest in Baguio City’s Real Estate
The Philippines has a healthy, vibrant, and booming real estate sector in which Baguio City is a premier choice. Out of the many great places in the country for residence, commerce, industry and more, here’s why this city has always been a top real estate investment hub.
1. Rich, Colorful History
It was due to American settlement in 1900 that gave way for the city to gain much attention from the local and international communities. Back then, Baguio became an official relaxing haven for the American soldiers and a few civil workers, away from the heat and humid weather in the lowlands, particularly in Manila (the Philippines capital city until now). The cool, comfortable life that the place offers paved way for building and infrastructure developments. Becoming a home to many, a charter was enacted to establish an administrative or local government unit, Baguio. So touring around the city, it is not unusual to see historical landmarks, all of which became part of what Baguio is today.
2. Easy, Smooth Access
A proximate distance to the capital city, it is connected to three main roads by private or public transportation: the Quirino Highway (formerly the Manila-del Monte Garay or Ipo Road), the Marcos Highway (otherwise Marikina-Infanta Highway), and the Kennon Road. When it comes to air travel, Baguio can be accessed through the Loakan Airport in the province of Benguet, serviced daily by Philippine Airlines and Asian Spirit.
3. Adequate Communication Facilities
Electronic, print, broadcast, postal, mobile phone, or telephone, name it and Baguio have them all, both from public and private providers.
4. Stable Electricity Source
The Benguet Electric Cooperative (BENECO) has successfully energized all the barangays. So, anywhere you are, there is always a way to have a stable, consistent energy source.
5. Cool, Soothing Climate
This is actually what separates this city from the rest of the Philippines’ local government units. While the lowlands and other regions suffer from hot and humid weather all year round, Baguio is the opposite. It is the Filipinos winter-like capital, otherwise referred to as the Summer Capital. This is primarily due to its cool climate the whole year. It is even rare for the temperature to go high. The noted warmest climate is 26 degrees centrigade. The people are given the chance to experience a life of cool, winter-like season through Baguio. They get to wear winter clothing like jackets and sweaters most of the day, even afternoons (which is usually the hottest time of the day in the Philippines).
6. Increasing Population and Tourists
The most recent statistics (May 2010), reveals that it has over 300,000 people both local and foreign. And, to note, the number of tourists is tripled during peak seasons, during festivals (Panagbenga Festival) and holidays (Holy Week) in Baguio.
7. Numerous Tourist Spots
A few of the tourist attractions are: Burnham Park, Baguio Cathedral, Session Road, Camp John Hay, The Mansion, Wright Park, Mines View Park, Baguio Botanical Garden, Philippine Military Academy, Kennon Road, Mount Santo Tomas, Lourdes Grotto, Bell Church, Tam-awan Village, Asin Hot Springs, Wood Carver’s Village, Easter Weaving Room, Maryknoll Ecological Sanctuary, Balatoc Mines and Crosby Park, Strawberry Farm, Igorot Garden, and more.
8. Major Retail Center in the Region
Baguio is actually referred to as the shopping capital of the Philippines because of diverse, quality, and reasonably priced commercial products. The highly noted bargaining places include Maharlika Livelihood Center and Baguio Market. Also, the city has a lot of shopping malls, such as Baguio Center Mall, Abanao Square, and SM City Baguio.
9. Numerous Premier Universities and Schools
It is worthy to note that almost fifty percent of Baguio’s population are students, coming from nearby cities and provinces, and even abroad (most are Koreans). The prestigious academic institutions are: University of Cordilleras, Informatics Computer Institute Baguio, Saint Louis University, Baguio College of Technology – BETI, Easter College, National University – CEDCE, University of Baguio, Pines City Colleges, University of Philippines Baguio, and Philippine Military Academy.
10. Presence of Homegrown Real Estate Developers
Nothing beats a company who knows the place well more than anyone does. Goshen Land Capital Incorporated is the best example for this. Established and based in Baguio City, and endorsed by Mikee-Cojuangco Jaworski, it is a leader in developing innovative low to mid-rise real properties for residential and commercial purposes, which are offered at very affordable rates and flexible payment terms. Students can even have their own condominiums in Baguio City, shared by 4 and titled in just a year and so. Even more, couples who want to reside or have a vacation property can take advantage of a wide range of budget fit house and lot in Baguio City.
So, what do you say? It is definitely wise to invest in Baguio City. Talk to us now and we can give your free assistance to reach that success you’ve been aiming for in the real estate sector.
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