Property values in San Vicente, Palawan, are skyrocketing and there is still plenty of room for growth.
If you want to invest in real estate, look for developing areas that have a clear path to becoming full-fledged destinations.
San Vicente is still underdeveloped, which means that property values are not yet at their peak.
Actually, there are many properties available outside of the Long Beach area that are less expensive.
It is not too late to obtain the remaining pieces.
Here’s the sad truth: banks offer less than 1% annual interest on your savings or deposits. That’s less than ₱10,000 per year, and it’s still subject to tax if you have at least ₱1,000,000 in the bank.
That is known as banking!
Did you know that beachfront properties in San Vicente were selling for ₱200,000 per hectare about two decades ago?
It now ranges from ₱20,000 to ₱27,000 per square meter in Long Beach, depending on location!
So, if you could buy a hectare (10,000 square meters) for ₱200,000 in the past, the current selling price would be between ₱200,000,000 and ₱270,000,000!!!
This is referred to as real estate investing.
Boracay beachfront properties were once sold for ₱2,500 to ₱5,000 per square meter. It is now more than ₱100,000 per square meter!
Real estate has proven to be a low-risk, high-yielding investment that grows in value despite inflation and the pandemic!
Rice field properties were selling for ₱200,000 per hectare ten years ago.
It now ranges from ₱500 to ₱1,000 per square meter, depending on location, at the back of Long Beach!
If you were able to purchase a rice field (10,000 square meters) for ₱200,000 in the past, the current selling price would be between ₱5,000,000 and ₱10,000,000, depending on location.
Trivia!
Do you know that Megaworld was able to sell all of its first batch of commercial lots in Paragua Coastown last year (2022) at more than ₱40,000 per square meter?
That is during pre-selling and is for “lot only”!
Here’s some more trivia!
Do you know that some nearby properties were selling for ₱2,500 to ₱3,000 per square meter a year before Megaworld launched Paragua Coastown?
Following the launch, the prices of many lots in Kemdeng immediately rise to ₱5,000 per square meter, depending on the location.
Consider the future of your investment in San Vicente!
It’s flooded with investors who will, sooner or later, launch their projects/developments!
And San Vicente is brimming with possibilities!