Provinces of Cavite, Laguna, and Batangas are the major areas in the South where industrial activities are projected to increase in the next two years. This is because of the developed connectivity and the expanding commercial industry in the region. The Colliers International said on its report entitled Property Upside Down South: Industrial and infrastructure investments to boost Southern Luzon residential property that the three provinces are likely to solidify their position as the leading industrial hubs in the South provided that the government will support its infrastructure plans.
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The growth of industrial activities in the provinces mentioned above will continue for 12-24 months. Because of the infrastructure’s network in the region and the robust commercial transactions, the three provinces will also be top places for township developments and residential projects. The infrastructure projects of the government will further help the region to maintain its competitiveness in terms of industrial activities. Thus, property developers are being attracted to build more communities and residential projects to address the increasing demands in Cavite, Laguna, and Batangas. With these forecasts, what can you say?
This forecast was actually made before the eruption of the Taal volcano. But eventually, businesses will go as planned in the provinces, especially for industrial facilities. There will be remaining concerns in the places near Taal but considering other areas that were not affected, the industrial operations will continue and there will still be rising demands in terms of warehouses, industrial parks, and residential properties. There are expectations as well that there will be a decline in prices but this is a cyclical business where there are declines and recoveries. The selling of other unit owners is an opportunity for waiting buyers.
You may have doubts as to the future of the affected areas in Cavite, Laguna, and Batangas. But think about this—it’s not going to take forever for these regions to recover. The natural calamity has given a bad impact on the livelihood of people and businesses. However, the region will soon arise and the need for industrial activities will continue. If you are an opportunistic person, this is a good chance to wait for the provinces to calm down. The answer to the question if it’s still worth it to invest in these places depends on how you take it.