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