What are the factors that affect the price of a condo unit in Quezon City?
- Location and prestige
- Sizes and layout
- Amenities and facilities
- The unit level
- Market condition
Overview
- Quezon City’s prime areas, like South Triangle, offer excellent accessibility to major roads and a vibrant lifestyle with diverse dining options, adding prestige to the investment and driving up property values.
- The variety of unit sizes and layouts at Shang Summit caters to different lifestyles, from cozy studios to spacious three-bedroom units.
- The thriving condominium market in Quezon City, characterized by rising demand and increasing supply, makes investing in a property a promising opportunity for long-term value and growth.
Various factors affect the price of a condominium unit in Quezon City. Beyond the aesthetic appeal of a unit or its location, several key elements shape the overall costs of a condominium.
From location and prestige to sizes and layout, amenities and facilities, and beyond, each play a crucial role in determining a unit’s value. By being mindful of these aspects, you can make well-informed decisions that fit your budget but align with long-term goals as a discerning investor. Let’s explore the factors that will guide you in choosing the best condominium investment in the area.
Location and Prestige
Location affects the price of a condominium unit in Quezon City as it directly impacts accessibility, convenience, and the overall lifestyle that residents can enjoy.
For instance, South Triangle is conveniently located near prominent business districts, such as Triangle Park, Eastwood City, and the UP-Ayala Land TechnoHub. Commercial centers like TriNoma, SM City North EDSA, and Vertis North offer a wide range of shopping, dining, and recreational options.
In terms of transportation, South Triangle benefits from easy access to major roads like EDSA, and is close to upcoming infrastructure like the MRT-7 and Metro Manila Subway. Additionally, it is near top educational institutions, such as the University of the Philippines Diliman, Ateneo de Manila University, and the University of Santo Tomas, making it an ideal location for students and professionals.
This strategic positioning greatly enhances the value and demand for condo units in the area.
Sizes and Layout
The size and layout of a condominium unit directly influence its price, as they determine the amount of usable space and how efficiently it can be utilized.
At Shang Summit, we offer a carefully curated selection of unit types to cater to diverse lifestyles and preferences. Our upcoming development will feature two towers, with the East Tower housing a total of 1,020 residences designed for modern living.
We provide one-bedroom and two-bedroom options, offering flexibility and comfort for young professionals and small families. This combination of varied sizes and thoughtful layouts makes Shang Summit an exceptional choice for those seeking a perfect blend of comfort and luxury in urban living.
Amenities and Facilities
High-quality features like fitness centers, swimming pools, landscaped gardens, and 24/7 security add significant value by providing comfort, entertainment, and safety. These amenities make the property more attractive to potential buyers or renters, contributing to a more enjoyable and convenient living experience.
In premium developments, luxury amenities, such as spas, lounges, and concierge services further increase the property’s appeal, justifying higher prices. Additionally, well-maintained facilities can boost the long-term value of the property, making it a wise investment for those seeking immediate enjoyment and future returns.
The Unit Level
Higher floors command premium prices due to the panoramic views they offer and the reduced noise from the street level. Buyers often prefer elevated units for their tranquil ambiance and enhanced natural light, which creates a more inviting living space.
The appeal of elevated living reaches new heights with Shang Summit. Set to become the tallest residential building in the Philippines, this architectural masterpiece will rise over 250 meters, offering residents breathtaking views of the vibrant Quezon City skyline and beyond.
Living in such an iconic tower elevates the lifestyle experience and adds significant value to each unit, as buyers are eager to invest in a home that combines luxury with an extraordinary city perspective.
Market Condition
The condominium market in Quezon City is thriving, driven by urban growth, economic development, and evolving buyer preferences. These factors have led to a strong demand for modern, convenient living spaces, making people increasingly eager to invest in such homes.
In 2023, condominium prices in Metro Manila rose by approximately 4.1%, despite a slight decline in the fourth quarter. At the same time, the supply of condominiums continues to grow, with projections estimating around 11,290 new units to be completed in 2024.
With Shang Summit set to launch amidst these favorable market conditions, investing in a unit here offers more than just a purchase—it presents an opportunity to be part of a transformative urban landscape poised for long-term value and growth.
Key Takeaway
Understanding the various factors that affect the price of condominium units in Quezon City is essential for making informed investment decisions. By staying informed about these factors, you can navigate the real estate market with confidence and secure a property that aligns with your lifestyle and investment goals.
Ready to find your ideal condominium in Quezon City? Explore Shang Summit’s exceptional offerings and discover how our luxurious residences can elevate your living experience. Contact us today to learn more about available units and make your dream home a reality!
