Ayala Alabang tops A-list villages in 2021, prices rocket to all-time high in pandemic

Land values in upscale subdivisions in Metro Manila continued to climb, shrugging off the effects of the pandemic.

According to Leechiu Property Consultants (LPC), Ayala Alabang saw the strongest price gains, soaring to an all-time high of P200,000 per square meter this year, 58% higher than last year’s P90,000 to P150,000 per sqm.

Homes in San Lorenzo Village in Makati City recorded the second highest growth, with prices rising by 19 percent to P300,000 to P350,000 per sqm from only P240,000 to P304,000 a year ago.

Dasmarinas Village, however, remains the most expensive gated village in the country at P400,000 to P550,000 per square meter but its price went up by only one percent compared to last year.

In Forbes Park, property prices appreciated by 3.5 percent to P350,000 to P530,000 per sqm from last year’s P330,000 to P520,00 sqm.

LPC said the continued growth of capital values in luxury developments despite 18 months of COVID lockdowns shows strong capital preservation of these assets, making them a good investment.

In the terms of residential condominiums, Horizon Homes at Shangri-la at the Fort is the most expensive, selling for P786,000 per sqm or an increase of five percent from last year.

 SOURCE: Bilyonaryo

 

Categories: ayala alabang, leechiu property consultants