Local banks are now aggressively lowering interest rates and fixing these rates for up to 25 years. "For the first time ever, house buyers can take out long-term fixed mortgages," said Cathay
Land president Jeffrey Ng. "This augurs well for the continued uptick and bullish growth in the real estate sector. Home owners no longer have to worry about any sudden increase in their monthly amortizations as a result
of higher interest rates."
Local banks are now aggressively lowering interest rates and fixing these rates for up to 25 years. |
Leading up-scale developer Cathay Land is poised to capitalize with the recent launch of its biggest project to date – Phuket Mansions at the integrated resort community of South Forbes Golf City in Metro Sta. Rosa.
"Our buyers are asking for bigger houses and bigger lots since they have greater confidence in the growth of the economy."
The continued growth of the middle-income to high income segment, strong buying interest among Filipinos based overseas, the confidence of retirees to invest in second homes and estates, and the easy financing schemes offered
by banks all point to boom years for the real estate sector.
These factors all contributed to the strong uptake of the different and diverse themed communities such as the Mediterranean Villas, Tokyo Mansions, Châteaux de Paris and Golf View Terraces that have risen in the
exclusive South Forbes Golf City — Cathay Land’s 250-hectare development in the Metro Sta. Rosa residential and business hub.
Thus, bigger, grander South Forbes projects such as the Thai-inspired Phuket Mansions will now be introduced to the market. The company is projecting a strong market reception to Phuket Mansions, which features spacious
lots, wide open windows for grander vistas, relaxing wood interiors and private swimming pools. This is the second Asian modern, tropical subdivision since the Bali Mansions are sold out. With these grand launchings and
new, architecturally-diverse project strategies in place, Ng expects investor interest to go even higher for South Forbes.
For wise investors who want to reap returns in terms of a rewarding golf lifestyle at South Forbes Golf City, you can arrange a property preview of the site’s strong investment potential by simply asking for more
South Forbes Investment Information.
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