Like an arm reaching out into the West Philippine Sea, Palawan juts off Luzon – an emerald jewel rich in ecological diversity. Many people know Palawan as a great tourist spot, but it is also fast becoming a hotbed of real property developments.
The savvy real estate investor should keep Palawan on their radars. The recent developments may find excellent returns on investment for you and your family.
Not convinced? Here we compiled the top five reasons why you should buy a property in Palawan.
IT IS A TROPICAL PARADISE
This beautiful island is the site of some of the best beaches in the world. In fact, it is consistently ranked by Conde Nast as one the best islands in the world. Home to stunning biodiversity and covered in virgin forests, this lush island is a sight to behold.
But is it just beautiful? What is the value for a real estate investor? Natural beauty counts for a lot in real estate pricing. A great view can triple the value of a property.
IT HAS A ROBUST TOURISM SECTOR
Tourism is one of the major industries in Palawan. With sights like the Underground River and El Nido and Dos Palmas just a stone’s throw away, tourists come to Palawan to get away from it all.
With this great beauty and a vibrant eco-tourism sector, come tourism dollars. A great tourism sector is one of the best drivers of value for real property. Investors are more than likely to find excellent returns because of tourism.
IT IS DISASTER FREE
Palawan holds an enviable position in the Pacific Ring of Fire in the fact that it virtually free of tectonic plate movement. Also, it is not regularly visited by strong typhoons.
A great fear of many a real estate investor is the prospect of force-majeure ruining property values. With a great location like Palawan, there is little to fear in that aspect.
IT IS HOME TO SOME OF FRIENDLIEST PEOPLE
Palawan is home to some of the friendliest people you can find. Residents have a reputation for honesty and they boast some of the lowest crime rates in the country. Stories come out of how you can leave your things with tricycle drivers and never have to worry about losing anything.
A safe and peaceful living space has a great effect on property values and would continue to affect return on investment positively.
IT IS STILL RELATIVELY UNDEVELOPED
The fact that most of the land is still undeveloped means that it is a prime place to buy properties before property prices surge. As more and more properties develop, prices will eventually go higher and higher.
A good investor knows when to buy low and this is the perfect to invest and maximize return in a few years time.
Palawan has much to offer to any real estate investor. With many factors that positively affect real estate value, Palawan is poised to become the darling of real estate buyers for years to come.
Good thing that Citiglobal is developing a 13 hectare property right in Puerto Princesa, the capital of Palawan.
For more details, please reach out to us. Our team is more than willing to address your concerns.