Calamba is a vibrant and growing city. It is an ideal place to stay, work, and grow a family. Located about 54 kilometers south of Manila, Calamba is well-known for its rich history, natural beauty, and thriving economy.
So, if you ever want to buy a condo in Philippines, choosing Calamba as your investment destination would be a smart decision.
Interesting Facts About Calamba
Every time you hear the name Calamba, the first thing that crosses your mind is it’s the birthplace of Dr. Jose Rizal. What you didn’t know is that this famous city in Laguna is also called the “Rice Granary of the South” due to its fertile soil and abundant rice production. The city is known for its high-quality rice, which is exported all over the country.
Furthermore, the city of Calamba is also known for its hot springs, resorts, and historical landmarks. This includes Calamba Hot Springs, Calamba Cathedral, Casa de Piedra, and Calamba City Museum.
Other notable tourist attractions can also be found in Calamba. For one, you can visit the majestic and enchanting Mount Makiling, which is a dormant volcano located near Calamba. This mountain is a popular destination for hiking, camping, and bird watching. You can also take a tour of Mount Makiling National Park, which is home to a variety of plants and animals.
Top Reasons to Invest in a Condo in Calamba
Sure, you can find a lot of condo for sale in Philippines or even a housing property. But, there are also plenty of reasons why you should consider the city of Calamba.
Strategic Location
Firstly, the city of Calamba is located in the heart of Laguna province, which is one of the fastest-growing provinces in the Philippines. The city is also well-connected to Metro Manila and other major cities in the country via major highways and public transportation. This makes Calamba an ideal location for both residential and commercial properties, including condo investment.
Strong Economy
Calamba is home to several industries, including manufacturing, agriculture, and tourism. This also includes educational institutions and government offices. And, this makes Calamba a dynamic and growing economy with a lot of potential for job creation and investment opportunities.
Best Value for Money Prices
Condo prices in Calamba are still relatively budget-friendly compared to other major cities in the Philippines. Therefore, Calamba is a good place to invest in condo for sale for first-time buyers and investors who are looking for a good return on their investment and the best value for money.
High Demand for Rental Properties
Of course, Calamba is a popular destination for tourists and business travelers, wherein there is also a high demand for rental properties in the city. This makes investing in a condo in Calamba a good way to generate passive income. This is also the reason why there is an increasing demand for second homes.
Good Quality of Life
Calamba is a relatively safe and clean city with a good quality of life. The city has many parks, playgrounds, and other recreational facilities. Calamba is also home to several restaurants, shops, and other amenities.
What’s more, there is a growing interest in sustainable living in the Philippines. This is due to factors like the increasing awareness of environmental issues and the desire to live a healthier lifestyle. With its proximity to nature and abundance of natural resources, living in Calamba is a great option.
Welcoming Local Community
One thing that many people enjoy about Calamba is the welcoming local community. You won’t feel like an outsider if you decide to move there. Calamba has the same atmosphere as a small town, with friendly and open people. You’ll have a good time interacting with the locals here.
Little Traffic, Less Stress
One of the most frustrating things about living in a metropolitan area is the traffic. The ever-changing traffic rules don’t help either. If you’re tired of being stuck in traffic or having to deal with a lot of vehicles on the road, Calamba is a great place to live. You won’t find yourself stuck in traffic very often, which makes for a faster and less stressful commute.
3 Important Factors to Consider Before Investing in a Condo
Of course, there are several factors to consider before buying a condominium property. Note that they will have the biggest impact on your quality of life and your investment.
Besides the amenities, developer, security, property management company, community, market value, and lifestyle, the following are the most important factors to consider first.
Price
Condos can range in price from ₱2 million to ₱10 million or even more. So, it is important to set a budget before you start shopping and to stick to it. Consider your financial situation and how much you can afford to spend on a monthly mortgage payment. This includes property taxes, unit maintenance costs, and other condo association fees. It would be best to get pre-approved to determine how much you can borrow, especially in in-house financing or bank loans.
Size
Condo units come in a variety of sizes, from one-bedroom units to three-bedroom units. Choose a unit that is the right size for your needs and budget. If you are planning on starting a family, consider a larger unit. If you are a single person or a couple with no children, a smaller unit may be sufficient.
Location
Lastly, the location of your condo unit is one of the most important factors to consider, as it will affect your quality of life and the value of your investment.
As an aspiring condo owner, take a look at the following factors when choosing a location for your condominium unit:
- Proximity to work, school, and other amenities
- Safety and security
- Access to public transportation
- Noise levels
- Views and aesthetics
Fortunately, Asterra has all these factors you are looking for and one of its best value for money residential properties is located in the city of Calamba, Laguna.
Asterra is a new condominium development designed for investment starters, young professionals, and even small families. It is specifically designed for budget-conscious yet provides quality condo living amenities, delivering an elevated lifestyle for future condo owners.
Are you interested in investing in Asterra’s best value for money condominium property? Contact the nearest accredited real estate agent today for complete details, inquiries, and schedule to visit.
