The Value of Real Estate Properties in San Vicente, Palawan, is Skyrocketing, and There is Still a Lot of Room for It to Grow.
If you want to invest in real estate, you should look for areas that are still in the process of developing but are headed in the direction of becoming full-fledged destinations.
Because San Vicente is still in the process of being developed to its full value, real property prices have not yet reached their peak.
In point of fact, there are still a great number of properties outside of the Long Beach area, and the prices for these properties are significantly lower.
It is not too late to get the missing pieces of the puzzle.
Your savings or deposits at a bank earn an interest rate of less than one percent per year, and this is the unfortunate reality. If you have at least one million dollars lying dormant in the bank, you will still owe taxes on that amount, which is less than ten thousand dollars per year.
That is referred to as banking!
Do you know that beachfront properties in San Vicente are selling at a price of $200,000 per hectare approximately 20 years ago?
In the present day, the going rate in Long Beach is anywhere from 20,000 to 27,000 per square meter, depending on the neighborhood.
If you were able to purchase a plot of land measuring one hectare (or 10,000 square meters) in the past for the price of 200,000, the price at which it is offered for selling today would be somewhere between 200,000,000 and 270,000,000!!!
That is what is known as investing in real estate.
Back in the 1980s, beachfront properties on Boracay were selling for between 2,500 and 5,000 pesos (or dollars) per square meter. At this point, it costs more than 100,000 yen per square meter!
The value of real estate has been shown to rise despite both inflation and the pandemic, proving that it is a form of investment that is low risk but high yielding.
Ten years ago, rice field properties could be purchased for a price of 200,000 yen per hectare.
At this time, it can cost anywhere from 500 to 1,000 yen per square meter, depending on the location, in the area behind Long Beach!
If you were able to purchase a rice field of 10,000 square meters in the past for the price of 200,000, the current selling price of that rice field would be somewhere between 5,000,000 and 10,000,000, depending on the location.
Trivia!
Do you know that Megaworld was able to sell all of its first batch of commercial lots in Paragua Coastown at a price that was higher than 40,000 per square meter in the year 2022?
This was during the pre-selling phase, and it was a "lot only" sale!
Here is Yet Another Piece of Trivia!
Do you know that before Megaworld launched Paragua Coastown, properties located in the surrounding area were selling for between 2,500 and 3,000 yen per square meter and year?
Immediately after the aforementioned launch, the prices of many lots in Kemdeng shot up to 5,000 per square meter, depending on the location.
Imagine what the long-term potential is for your investment in San Vicente!
It is inundated with a large number of investors, all of whom will sooner or later start their projects and developments!
And San Vicente is brimming with prospects and possibilities in equal measure!
