Why Now Is the Best Time to Invest in Bacolod
Negros Occidental is a province located in the Western Visayas Region of the Philippines. Along with its extensive history and vibrant culture, it is best renowned for its sugarcane plantations and haciendas. Bacolod, the capital of Negros Occidental, is referred to as the "City of Smiles" because of its amiable and welcoming residents.
With a population of more than 600,000, Bacolod is a heavily urbanized metropolis. Investment opportunities abound because it is Negros Occidental's hub for healthcare, education, and commerce. The city's economy is thriving and includes sectors such as agriculture, food processing, and outsourcing. With attractions like the Masskara Festival, The Ruins, and the Bacolod Public Plaza, it serves as a major tourism hub.
If you are looking to invest in Bacolod, now is the best time to do so. Here are five reasons why:
1. The City is Booming with Development
There is a present boom of development in Bacolod. To increase connectivity and accessibility, the local government is investing in infrastructure, such as roads and bridges. New businesses have also opened operations in the city as a result of this expansion, including BPO firms. Bacolod will become even more appealing as a place for investment as the government works to continue improving the city's infrastructure and economic climate.
2. Growing Demand for Real Estate
The city's expanding economy and population are driving up demand for real estate in Bacolod. With the surge of young professionals and retirees looking for economical yet upscale living, it is anticipated that this desire will persist. Investors now have a chance to profit from the expanding Bacolod real estate market.
3. Competitive Prices
Bacolod's real estate costs are still reasonable when compared to those in other major Philippine cities. This is especially true for preselling projects, which have cheaper pricing than units that are ready for use. Because of this, Bacolod is a desirable choice for investors seeking high potential returns on their investments.
4. Favorable Business Climate
With a government that welcomes investors, Bacolod has an environment that is conducive to business. The city offers several incentives for businesses, including tax holidays and exemptions, and has a simplified procedure for registering new firms. It is simpler for investors to establish and run enterprises in Bacolod because of this encouraging climate.
5. Amaia as a Retirement Home
One of the leading Philippine developers of affordable yet high-quality homes is Amaia, a subsidiary of Ayala Land. In the center of Bacolod City, Amaia has developed Amaia Steps Two Capitol Central, a mid-rise condominium building with a community that is perfect for those on retirement. For retirees searching for a cozy, safe house in a desirable area, this development is a great investment choice.
Amaia Steps Two Capitol Central offers studio to deluxe preselling and ready-for-occupancy residences. The apartments feature a contemporary, minimalist look and are created with comfort and functionality in mind. A multi-purpose hall, an outdoor gym, a play area, and a swimming pool are the amenities that will be offered by this development.
With prices starting at Php 3.7 million, studio units at Amaia Steps Two Capitol Central are approximately 23.81 square meters. The deluxe units, with a maximum price of Php 5.1 million are approximately 32 square meters.
The city of Bacolod has a lot of room for investment. Investors find it to be a desirable alternative due to its expanding economy, hospitable business environment, and affordable real estate costs. Additionally, for retirees looking for a cozy and secure house in a prime location, Amaia Steps Two Capitol Central offers a great investment option. It's the ideal time to invest in this thriving city and take advantage of all the opportunities it has to offer as Bacolod continues to expand and flourish.