In case you haven’t heard, the highly anticipated Metro Rail Transit Line 7 (MRT-7) will be operational in April 2022!
Led by the San Miguel Corp. (SMC), the P63-billion project will be connecting North Avenue in Quezon City and San Jose del Monte in Bulacan. This means that the usual four-hour travel time between the city and the province will be cut to under 40 minutes. The trains for the new transit line have also arrived.
The completion of the Common Station in North Avenue is set to be finished by December of 2021. Known as the “Unified Grand Central Station,” this station will be linking MRT-7 to MRT-3, the Light Rail Transit Line 1 (LRT-1), LRT-2, and the future Metro Manila Subway.
So what does this mean for those who want to buy a home in the Philippines? Well, for starters, transit-oriented homes are a top priority for government institutions like the Department of Human Settlements and Urban Development (DHSUD) and groups like the Chamber of Real Estate and Builders’ Associations (CREBA). Apart from helping address the current housing deficit, these transit-oriented properties also present quite a few incentives for investors and property seekers alike.
One of the obvious ones is, of course, spending that commuting time more productively! More leisure time? Count us in. No longer are your days and nights going to be spent planning out your entire commute. This also means less stress and more time for other hobbies and interests. That car of yours is probably going to be driven less often. Buy real estate in a transit-oriented district and you might even find yourself starting your own fitness journey because of all that free time.
Keep in mind that traffic congestion and long travel aren’t exactly the best thing for your mental health, too. Multiple studies have shown that some of the health effects that stem from traffic include fatigue, irritability, anxiety, and back pain.
Invest in transit-oriented neighborhoods to save some of that commute or gas money, as well. Not only can you save money here, but even grow your wealth, too. Buy a home or condo around these areas for that next great property investment.
Transit-Oriented Properties To Consider
Why not reside in Bulacan? It’s the metro’s closest neighbor. Bulacan townships like Camella Monticello and Lessandra San Ildefonso are communities you can invest in if you’re looking for a more spacious living space to raise your kids. These projects offer secure, family-oriented amenities like swimming pools, playgrounds, and guardhouses. The former is situated right in San Jose del Monte while the latter is located in San Ildefonso, both of which are in close proximity to the new MRT-7 line and the North Luzon Expressway (NLEX). Property prices in these communities range from ₱3,053,000 to ₱9,107,000.
Meanwhile, Capitol Plaza and Vista 309 Katipunan will be just around the corner from the new Unified Grand Central Station. A condo investment here would mean having a unit in close proximity to tops like the University of the Philippines-Diliman and Ateneo De Manila University and top establishments like SM North EDSA and many others. Reside in Quezon City yourself if you want to. You can buy a space here for ₱4,168,679 to ₱12,078,915.
Ohmyhome was launched in the Philippines in September 2020, following the company’s establishment of a tech team in the country in 2017. Ohmyhome was originally founded in 2016, and subsequently rose in Singapore as a leading PropTech solution and licensed real estate agency.
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