LRT-2 East Extension to Increase Real Estate Values in Nearby Areas

News
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01 June 2022
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The 4-kilometer East Extension project of the LRT Line 2 finally opened in mid-2021 after several adjustments in its completion date. For almost a year now, the two new stations in Marikina and Antipolo have accommodated an additional daily ridership of 80,000 commuters, further connecting the East to the rest of Metro Manila.

This big-ticket infrastructure project has reduced the travel time from Masinag, Antipolo City, Rizal to Recto, Manila, from the usual three hours to just only 40 minutes. Students residing in the eastern part of Metro Manila and Rizal will be able to reach their schools in the “university belt” faster and more conveniently. With LRT-2’s link to the LRT-1, MRT-3, and the upcoming Metro Manila Subway, young professionals can arrive at major central business districts in no time.

Impact of Infrastructures

Despite the pandemic, the aggressive “Build, Build, Build” agenda of the Philippine government did not lose momentum. There have been delays on original target timelines, but completion of most of these infrastructure projects is clearly in sight.

Better transportation and traffic decongestion will definitely drive the economy towards greater progress. Alongside the people who will be enjoying improved connectivity and upgraded accessibility, appreciation of real estate property values is also anticipated.

Market values of house and lot subdivisions and condominiums will certainly rise due to their proximity to new road networks and transportation hubs. For instance, the stretch of Felix Avenue at the boundary of Pasig City and Cainta, Rizal, is projected to be one of the most promising growth corridors in the East.

On the north side of Felix Avenue, where it intersects with Marcos Highway, a strategic spot where Pasig and Cainta also share a border with Marikina City, the new LRT-2 Marikina Station will be one of the busiest transit hubs. Fast forward to 2028, in the south end of Felix Avenue that conjuncts with Ortigas Avenue Extension, the Cainta Junction Station of the upcoming MRT Line 4 are highly anticipated.

An Emerging Township

Over the past few years, more and more property developers have been launching residential developments within the vicinity, looking forward to future transportation infrastructures. One of the grandest in scale is the 22-hectare Empire East Highland City which is situated almost at the midpoint of Felix Avenue, about 2.5 kilometers or less than a 5-minute drive away from the LRT-2 Marikina Station.

Empire East Highland City’s breakthrough development concept of being an “elevated city” built on stilts, and its grand phases, including a spacious green park, a high-end shopping mall, an exclusive sports club, and a luxurious residential complex of high-rise condominium towers, have impressed the residential market, resulting to brisk sales in the first phase of towers launched. As the development within the project and around the area continue to take place, property values are projected to appreciate from time to time until its completion and turnover.

Strong Potential for Investment

End-user homebuyers, as well as investors, have taken advantage of the pre-selling prices and the huge promo discounts in this emerging township. They are confident that their investment in real estate will gain high returns in the future, especially upon completion and operation of the nearby infrastructure projects.

Whether you will occupy the condominium suite for long-term use or as a secondary transient home, or you’re investing in a property that you can resell or lease out in the future, today is the best time for you to reserve one. Now that the LRT-2 East Extension is fully operational and upon completion of MRT-4 and other infrastructure projects, real estate prices will definitely increase further.

You should also take advantage of the flexible payment terms at zero interest as well as the big promo discounts currently offered for you to maximize your ROI or Return on Investment. Call (02) 8810-3333 or 0917-8-EMPIRE (367473), or send an email to inquiry@empire-east.com to know more details. Virtual project tours and presentations, as well as a fully digitized reservation process, are available for your safety and convenience in your property purchase.

 

Sources:

cnnphilippines.com

bwordlonline.com

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