If you’re thinking about future investments, you have probably considered purchasing a property. For many people, they believe owning a home is an achievement. For some, it doesn’t matter where the property is located while for some, it should be located in a thriving community. For others, living in the city is not their cup of tea. So, here’s an ever-growing suburban location you might want to consider—City of San Fernando in Pampanga.
The City of San Fernando is one of the first class cities in Pampanga. Because of its strategic location, businesses and living conditions are rapidly improving. This gives opportunities for foreign and local investors to engage in different business activities in the area. But if you are still trying to figure out as to why you should invest in a house and lot in Pampanga, then you need to know these reasons below.
1) Active middle-class population
Over 59 percent of the population in San Fernando belongs to the middle class. That’s according to the 2011 household income survey. That means, the buying power of the people in the city is reasonably high. And since most buyers are from the middle class, it is no wonder that the city has major malls, and well-known retail chains spread throughout the city.
2) Increasing job opportunities
Just recently, San Fernando is named as the Most Competitive City by the National Competitiveness Council (NCC), receiving the same award for two consecutive years. Economic dynamism is one of the city’s pillars. One of its priorities is boosting employment for the Fernandinos by growing businesses and the number of investors. For residents, it means a steady source of job opportunities in the manufacturing, financial, service, retail and other industries.
3) Strong tourism potential
Aside from the booming economy, the city is also the center of tourism. San Fernando Pampanga is dubbed as the Christmas Capital of the Philippines as it hosts the Giant Lantern Festival (Ligligan Parul) annually. During -ber months, they sell various colorful lanterns and other Christmas decors at affordable prices. All activities culminate with the said festival that occurs on the Christmas Eve. Moreover, the city is also home to various vibrant celebrations and occasions. They have the Frog Festival (Fiestang Tugak), and Sinukwan Festival, which portray the rich Kapampangan culture.
4) Access to government offices
One important thing for a city is to have full and accessible government agencies. San Fernando has government satellite offices such as the Department of Budget and Management, Land Transportation Office (LTO), Civil Service Commission (CSC), and Department of Education (DepEd) as well as Tourism and Investment Promotion and Gender and Development offices. These two offices are not always present in a municipality.
5) Good public transport network
Since San Fernando is a gateway that connects the province to other neighboring cities and provinces, it is easier for private vehicles and commuters to go to their respective destinations. Generally, it is near major terminals and thoroughfares such as the North Luzon Expressway (NLEX) and Subic-Clark-Tarlac Expressway (SLEX).
Understanding how you may take advantage of the current resources of your next would-be residence is important. These are just some of the reasons why it is worth investing in a real estate property in San Fernando.