Real Estate Bleak Outlook In Three Charts and Why My Enso Lofts AddLoft Technology Just Might Be The Simple Solution Investors Need
By: Gil Igos | January 10, 2021
By now, it is clear to everyone that times have drastically changed. The COVID-19 crisis has brought the whole globe to its knees, and its immediate effects are present and apparent. It resulted in strict border lockdowns, the lowest tourist arrivals, reduced OFW remittances, a surging unemployment rate, and a tragic and alarming number of casualties.
However, the long term effects of the pandemic on the world’s economy are less certain. It is not easy to predict precisely how things will proceed from here. And as we try to face the uncertainty of the economy’s state in a post-COVID world, more people are starting to ask what and where they should invest their money.
Many economists believe that real estate is an excellent and worthwhile investment. Although the market occasionally goes up and down, the housing industry is expected to remain steady and sturdy in the long run. This stability, reliability, and the increasing demand for houses make it a tempting option for many potential investors. Not only is it a sound investment, but the real estate sector is also important for the recovery of the Philippine economy.
The State of Real Estate Industry in the Philippines
According to the Department of Human Settlements and Urban Development (DHSUD), the housing gap could increase to 22 million in 2040 if the government fails to address the backlog. To avoid this colossal figure, housing czar Eduardo del Rosario said in a televised briefing last year that the DHSUD is preparing a 20-year housing roadmap. This strategic plan will identify short, medium, and long-term programs and projects to strengthen and improve housing production in the country.
But due to the shocking event that hit the whole world at the beginning of 2020, the market took a big hit last year. As the months progressed, more and more nations had to close their borders and immediately implement strict restrictions to focus on their residents’ health, safety, and survival. The real estate market was among the sectors significantly impacted.
Sells fell considerably in the first quarter of 2020 due to economic challenges. Developers launched fewer units compared to 2019. Some had to halt construction projects as workers were forced to stay home during the lockdown. But as thousands of jobless overseas workers returned to the Philippines, the demand for housing units increased, putting further pressure on the market.
Del Rosario said that boosting the number of living spaces built will help curb the housing problems and promote economic growth. He explained that this is the kind of economic trigger that the country needs right now. It will pump movements in the supply chain that will benefit millions of workers and help the government sustain its efforts to defeat the crisis.
After the Inter-Agency Task Force (IATF) eased the strict lockdown restrictions in the third quarter of the year, real-estate activities in the country recommenced. The DHSUD-Regional Offices disclosed that as of June 10, at least 47,712 employees already resumed work or are set to return to their project sites across the country. Although this is a sizable number, the latest Labor Force Survey reported a drop in the figure. Employment in the construction industry decreased from 51.94 percent in April 2019 to 48.38 percent in April 2020. But this is expected as the Balik Probinsya Program of the government rolled out earlier this year, sending workers who did not have any ongoing work in Metro Manila back to their provinces.
Reasons to Invest in Real Estate
Despite the setbacks and the uncertainty of the future, the real estate industry is fairing surprisingly well. This sector has been known to endure well, even in the past economic crises. What makes the real estate industry resilient is that its asset is tangible and permanent. Moreover, owning a house is a basic human need. With the tremendous housing gap in the country, the demand for better homes is increasing.
Even during this current crisis, people are holding on to their properties and are only inclined to sell them when dire circumstances force them to do so. Now is the perfect time to buy real estate. It would be best if you made the most out of the opportunities that abound during this difficult time. Developers will sell units for an affordable price and will entice you with a special offer. Additionally, banks are projected to offer better loan terms and reduce lending rates to encourage borrowing and spending.
A Lucrative Project You Should Invest In
When choosing a home or a project to invest in, you need to look for the best and most profitable one in the long-term. The primary consideration that has been highlighted during this pandemic is the set-up of the development. The COVID-19 crisis taught us that a comfortable and desirable space is essential in our lives. And My Enso Lofts, a high-rise condominium project, just arrived to promise its residents more than a mere shelter during this increasing housing gap and global crisis.
Smart Design for a Comfortable and Desirable Living
My Enso Lofts take pride in their extraordinary building technology, highly inspired by the smart blend between modern and minimalist style. You will discover that the tower follows a simple yet elegant aesthetic that features thoughtful and functional pieces. It is the dream space for people looking for a comfortable and desirable living amid their busy schedule.
My Enso Lofts uses wall finishes that allow natural light and ventilation to get inside each living space so you can bask in the sun and enjoy the breeze. Their units all face the amenity area and pocket sky garden, which helps evoke a natural outdoor ambiance that reminds you to unwind from time to time. With this remarkable theme design, you will get a sense of zen in the middle of the bustling city.
There are several different unit types to fit your needs and lifestyle. Browse and pick from their selection of studio spaces, one-bedroom spaces, two-bedroom spaces, and penthouses. Are you tired of the same old condominiums crammed with furniture and appliances? You will be delighted to find that each housing unit in My Enso Lofts Tower offers extra space with no added cost.
Each residential unit features a high ceiling to give you that authentic loft living experience. And to maximize this space, you are free to customize it and turn it into an extra area to fit according to your lifestyle. Do you need additional space for storage, your enormous bed, a home office, or your mini library? The unique and smart design of My Enso Lofts Residential Condominium provides the best space value unparalleled by other residential buildings.
Because of the pandemic, everyone had to self-isolate and practice social distancing. For many condo dwellers, this means being confined to cramped quarters with little airflow. This tiny area became their school, office, and gym in this new normal. When all of this is over, people will remember what mattered to them at this time — and space is one of them.
My Enso Lofts is here to change the future of condo living by providing its residents with extra space at no extra cost. This new project is truly a game-changer for its unique design and free loft space. It’s the only residential condominium in the country that has these features.
Complete Tower Features and Amenities
Whether you want to live in this luxury loft or invest and make a fortune out of it, this tower is one of the most sensational places in the city. My Enso Lofts offer complete and exclusive features that allow you to live lavishly. They have an amenity selection that knows no limits so that you can enjoy every minute of your stay.
It offers its residents endless entertainment with its two infinity pools, children’s play area, garden with seats, and lounge that you will love. Residents also have exclusive access to a fitness gym with a full suite of exercise equipment, and a function room for any events and celebrations. If you’re feeling bored at home or want to unwind without leaving the safety of the building, the tower has you covered.
On the 46th floor, the highest level of the development, you will find the roof deck garden with the most wonderful view of Metro Manila’s popular sites and skyline. If you need an escape from the noise in your own home or if you’re tired from the isolation of a home office, residents have access to the co-working spaces.
The building also provides helpful and essential features within its 45 stories to make life easier and better. It is equipped with 24/7 security, keyless entry locks, and an automatic fire sprinkler system to give its residents peace of mind. In case of an electricity outage, each unit will be powered by a standby generator. With eight high-speed elevators, residents of the building can reach their destination quickly. And if you encounter any problems, the property management services can provide maintenance to your property round-the-clock.
Everything Within Your Reach
When choosing a real estate property to invest in, it is crucial to find one situated in major central businesses. A place close to transport hubs, shopping districts, and key institutions is a bonus. If this is what you want, then My Enso Lofts is one of the most profitable residential places that you should place your money in.
The tower is situated in the heart of Quezon City. You can find Metro Manila’s well-known malls and schools within a few kilometers from the building. There are also vibrant and progressive commercial establishments, transport hubs, places of worship, and hospitals near the vicinity if the need arises.
Given its strategic location, residents of My Enso Lofts will have everything within their reach. You can easily integrate your work, life, and play without having to travel too far from home. And since convenience is vital to many people, investing in one of the housing units in this tower will be guaranteed a sure-fire. The value for this perfect location would increase over time, and you could turn it into a tremendous profit when it is time to sell.
A Brand You Can Trust
Before you invest in a housing unit, you should first look at the developer and the builder’s track record. Don’t give your hard-earned cash to a company that will exploit you. Go for a brand that you can trust. The developer should have a strong financial standing, so you can be sure that they can withstand financial stress and offer residents easier terms. Check if the builders are an expert in the construction field to ensure the safety of the building.
Although PH1 World Developers is a new real estate company, their portfolio already boasts astonishing and exciting projects worthy of the spotlight. The company has another remarkable residential condominium project in Taytay Rizal, which delivered an exclusive and distinct living experience. And it’s here to create more housing units again to help curb the country’s housing problems and transform the way Filipinos live and work.
As an affiliate of MySpace Properties, Inc., PH1 World Developers introduced a unique design concept that’s perfect for homebuyers’ new-normal needs. Through My Enso Lofts, PH1 World will deliver remarkable value and extra spaces to fit every homeowner’s needs.
As the project builders, Megawide Constructions Corp. will deliver a unique engineering solution and innovative technology to My Enso Lofts. They are one of the countries most promising and groundbreaking infrastructure conglomerates. Megawide is the pioneer in the use of precast technology in the country. This corporation also integrates formwork systems, concrete batching, and construction equipment, and logistics with construction. Combining PH1 World’s extraordinary development and Megawide’s high-tech, My Enso Lofts will turn out to be a competitive investment option among the other residential buildings around the area.
Get You’re My Enso Lofts Now!
It is easy to see how My Enso Lofts could win investors and living space seekers’ trust and confidence. The project was born from the partnership of two outstanding companies dedicated to delivering promising projects with the highest standard of excellence. It has complete and quality amenities, features, and services that mark a comfortable and desirable living. The property is perfectly integrated into Quezon City’s heart, where everything is just a few drive away.
It is a desirable home to own and an ideal project to invest in for a resilient future. The tower is expected to be completed in the 4th quarter of 2025, but the pre-selling period is now starting. Please drop us a call now and tell us the unit type you want while there are still available units. Don’t wait until the last minute, because you might miss out on our special offer.