Property Value in San Vicente, Palawan is Rising Rapidly and Still Has Room to Rise
Look for developing areas with a clear path to becoming full-fledged tourist destinations if you want to invest in real estate.
San Vicente is still far from being fully developed, so the value of real properties has a long way to go before it reaches its peak.
In fact, there are still a lot of properties outside of Long Beach, and they are less expensive.
Getting the last few pieces is still possible.
The sad reality is that banks only offer less than 1% in annual interest on your savings or deposits. If you have at least ₱1,000,000 sleeping in the bank, that amounts to less than ₱10,000 per year and is still subject to tax.
That is what banking is!
Do you recall when San Vicente beachfront properties were selling for ₱200,000 per hectare about 20 years ago?
In Long Beach, the price per square meter now varies from ₱20,000 to ₱27,000 depending on the location!
Therefore, if you could previously purchase a hectare (10,000 square meters) for ₱200,000, its current selling price would be between ₱200,000,000 and ₱270,000,000!
Real estate investing is what it is.
Properties on the beach in Boracay were once priced between ₱2,500 and ₱5,000 per square meter. Now, the price per square meter is over ₱100,000!
Despite inflation and the pandemic, real estate has proven to be a low-risk, high-yielding investment that increases in value!
Rice field properties were selling for ₱200,000 per hectare ten years ago.
At the back of Long Beach, it now varies from ₱500 to ₱1,000 per square meter, depending on the location!
Depending on the location, the current selling price of a rice field (10,000 square meters) that you could purchase in the past for ₱200,000 would be between ₱5,000,000 and ₱10,000,000.
Trivia!
Are you aware that Megaworld was able to sell every one of its first batch of commercial lots in Paraguay Coastown last year (2022) at a price higher than ₱40,000 per square meter?
That is “lot only” and it is pre-selling.
Another Bit of Trivia!
Do you know that a year prior to Megaworld’s launch of Paragua Coastown, some properties in the area were selling for between ₱2,500 and ₱3,000 per square meter?
Following the aforementioned launching, prices for many lots in Kemdeng immediately increase to ₱5,000 per square meter, depending on the location.
Consider the potential of your San Vicente investment!
There are so many investors that their projects and developments will eventually be launched.
San Vicente is also brimming with potential and opportunities.