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NEWS - 24 February 2021

Mall in the Condo: An Add-On Value for Investment

“Location, location, location” has always been the golden rule of real estate. A property’s accessibility and proximity to essential establishments such as offices, schools, hospitals, malls and groceries, are key factors to a homebuyer’s or investor’s decision-making. At the onset of the lockdown due to the COVID-19 pandemic, condominium dwellers in Metro Manila were forced to stay at home like everybody else, except for essential workers. While some were given the opportunities to work remotely at the comfort of their homes, and the kids have already started attending virtual classes, being quarantined at home still pose an extra challenge especially when attending to basic needs such as food and other essentials.

 

This is where the advantage of having your own retail arcade or shopping mall right at your condo comes in. Residents and tenants can simply go down their elevators and conveniently buy from restaurants, cafes, groceries, supermarket, retail shops, pharmacy, or even do financial transactions in banks and remittance centers. With safety protocols in place, dwellers get to survive the quarantine life while not getting out of the premises of their property.

 

While majority of newer condominium developments now have commercial area or shopping mall integrated within the project, there is one developer that has already pioneered this beneficial lifestyle concept. Since the mid-1990’s, residential innovator Empire East introduced communities with retail establishments such as its flagship project in Santa Rosa City, the Laguna Bel-Air subdivision where residents can easily reach a fast food chain, restaurants, groceries, banks and more retail establishments. Its condominiums across Metro Manila such as California Garden Square, San Francisco Gardens and Pioneer Woodlands in Mandaluyong City, The Xavier Hills, Gilmore Heights and Greenhills Garden Square in Quezon City, Kingswood in Makati City, and The Cambridge Village in Pasig-Cainta, have bustling retail rows that serve the daily needs of its residents. Its first development with a full-scale community mall is the luxurious San Lorenzo Place in Makati City, whose “SanLo Mall” is directly linked to MRT-3 Magallanes Station.

 

This is the same concept that Empire East plans to do in its newest transit-oriented development, The Paddington Place along Shaw Boulevard in Mandaluyong City, which is just a convenient 3-minute walk to the MRT-3 station along EDSA. It will have a two-level shopping mall dubbed as “The Pad”, which shall be managed by an affiliate of Empire East, the Megaworld Lifestyle Malls, that also operates luxurious shopping malls such as Eastwood Mall, Venice Grand Canal Mall, Uptown Mall, among others.

 

Residents of the four high-rise towers of The Paddington Place can simply take their high-speed elevators going down to their hotel-type lobby. From the lobby, they can safely walk in covered pathways leading to The Pad and enjoy a convenient shopping experience. Even though the mall will be open to the public, entrances and exits of condo dwellers via residential lobbies are highly secure, as Empire East also prioritizes their safety, privacy and exclusivity.

 

Having this own shopping mall in the condo is an add-on value to the property if you are purchasing units for investment. Aside from its unbeatable location close to the Ortigas CBD and proximity to numerous transport hubs, as well as world-class recreational amenities at the 7th level, renters or lessees will surely consider the mall as a “plus factor” why they would consider to live at The Paddington Place. As an investor who can have your condo unit rented out, you can command higher monthly rental rates due to this mall integrated in the development. Should you decide to eventually resell the property in the future, you can likewise offer this at a higher resale price from the value you purchased it during pre-selling, letting you enjoy higher ROI through resale yields.

 

Towers 1, 2 and 4 of The Paddington Place are almost sold out, while you can choose from more options of executive studio, one-bedroom and two-bedroom suites, and even penthouse units, at Tower 3. Do not miss this final chance to invest for a condominium property with its own shopping mall in the heart of Mandaluyong City. 

 

Learn more about The Paddington Place through a virtual presentation by one of our accredited Real Estate Salespersons. Email us at inquiry@empire-east.com, call us at (02) 8810-3333, or follow Empire East on our social media pages.

 

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