Build build build
For the past few months, you must have been seeing this government’s battle cry on television, billboards, newspapers or hearing it on the radio. Well, it is true, this administration is very serious in its massive infrastructure program. In fact, it will be the most ambitious infrastructure program in Philippine history. The President calls it the Golden Age of Infrastructure accompanied by the biggest budget ever allocated for such a program.
In the coming months and years, scheduled for completion within and beyond the President’s term, inside and outside the National capital region, from first-class cities to third class municipalities, from the mountainside to the coastal areas are going to be simultaneous construction of roads, bridges, airports, seaports, terminals, mass transport systems, tunnels, and the like. All intended to provide not only faster movement of goods and people but also to decentralize business and commercial activities. This should also decongest the major cities to ease the hellish traffic that everybody is complaining about.
Yes, there is light at the end of the tunnel…and it is not an oncoming train! There is hope, and more than that, there is a very big opportunity! Unfortunately, most of us do not realize this while the astute and more experienced, well-informed businessmen are the ones taking advantage of these opportunities by taking positions. We don’t actually have to look far and dig deep for information as they are openly available not only in the news but in the materials being distributed by developers through their agents.
If you are handed these flyers, do not ignore them. If you receive emails or any information via other forms of social media, do not ignore them. You may not be in the market yet for their projects but you can get a lot of information about good investment hotspots, or areas that may not be too attractive now but presents a lot of potentials. If you will only know how these businessmen invest and make money, most of the time they can buy properties worth millions without drawing cash from their own accounts. It is how they use the information that they get from all possible sources. These kinds of information are also available to you! Read, ask, research, then ask some more.
All these infrastructure projects will definitely have effects on the value of real estate around it. Imagine, if you know that a wide national highway will pass through a property that is presently just a dumpsite and a big company has just announced that they will be putting up a commercial mall on that site with a bus terminal and a BPO building, when will you invest around that area? Once everything is completed? Or now?
Yes, you may not have the funds now. Businessmen do not stop at that thought. They will explore how they can source funds or maybe find investors to fund it for them. They just have to share this information about the potential of the property and how these investors can also make a profit from it through their help.
There are also projects of other developers who have advance information about the growth in a particular area and are timing their construction schedule with the completion of the government’s infrastructure projects.
The good news is that the banks are very open to qualified borrowers who are considering investing in real estate especially if their appraisal will show a very good potential for appreciation of the property combined with a good credit standing of the borrower. Some people already assume that the banks will not loan money to them, well there is only one way to find out and that is to go to the bank for evaluation.
This ‘Golden age’ of infrastructure can also be considered the ‘Golden age’ of real estate investments. Our company HAVITAS have already been receiving a lot of inquiries and offers either from lot owners to help them develop their idle properties or from investors who would like to develop projects either through a joint venture or straight acquisition of properties.
Remember, information is power.
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