May 25, 2018
DMCI Homes' Viera Residences proves to be a wise investment for homebuyers
Actual photo of Viera Residences’ building façade.
Buying a unit in DMCI
Homes’ Viera Residences development in Quezon Cityhas
proven to be a wise decision for buyers after the single 28-level tower residential
condominium project posted impressive increase in capital yield since it was
turned over to homeowners in 2017.
The modern symmetry-themed
development in Scout Tuason Avenue, Brgy. Obrero, Quezon City recorded a 28
percent jump in selling prices from January 2017 to February 2018, indicating its
fast growing market value.
Viera Residences which marked ready for
occupancy (RFO) status in
October 2017—five months ahead of its original March 2018 turnover schedule—is strategically
located near business establishments and leisure strips along Tomas Morato,
Timog and Roces avenues in Quezon City.
Apart from its awe-inspiring
resort-inspired amenities, the project’s excellent location gives unit owners an
advantageous takeoff point going to top learning institutions, government
agencies, nature parks and neighboring commercial centers in the former
Viera Residences’ 1-bedroom and
2-bedroom unit offerings, which range from P2.8 to P7.2 million, were sold out
even before the property marked RFO last year, reflecting the increasing demand
for housing units in the city.
Property consultancy firms have
projected double digit hike in office supply in Quezon City until the year 2020
which translates to bigger housing demand.
Actual photo of Viera Residences’ atrium garden.
As of 2014, there are 66,644 registered
businesses in the city according to the Quezon City government website with
some 12,600 new businesses added every year that include Information
Technology-Business Process Outsourcing firms.
Dubbed as the “green lung” of Metro
Manila with its open spaces and nature parks, Quezon City has always radiated a
vibrant yet homey vibe which has made it a preferred place to stay for urban
Already the most populated city in Metro
Manila, its number of inhabitants is still projected to hit over 3.1 million by
2020 from 2.7 million in 2010 especially with upcoming government
infrastructure projects in the area.
One of the big ticket ventures expected to
benefit residents is the Metro Manila Subway Project that is planned to span
the provinces of Bulacan and Cavite. The first phase of the project will pass
through Mindanao Avenue, Tandang Sora, North Avenue, Quezon Avenue, East
Avenue, Anonas, and Katipunan all the way to FTI in Taguig.
All these factors have made Quezon City
a hot real estate destination, spurring a condo construction boom in the identified
growth centers namely CBD Knowledge Community District, Cubao Growth District,
Batasan-NGC Growth District, Novaliches Growth District, and Balintawak-Muñoz
Apart from Viera
Residences, DMCI Homes other residential condo developments in Quezon City such
as Zinnia Towers and The Celandine in Balintawak, Infina Towers in Aurora
Boulevard, and The Orabella in Cubao have also recorded brisk sales owing to
their excellent proximity to practically everything that the city has to offer.