The CAMANAVA region (Caloocan, Malabon, Navotas, and Valenzuela) has enormous potential as a result of the significant infrastructural projects underway there and nearby. It’s not surprising that properties on this side of the metro are in high demand.
In previous reports, the real estate consulting firm Colliers Philippines noted strong take-up in the CAMANAVA, the Makati Fringe, and the northern and southern parts of the City of Manila (Manila North and South), indicating a growing demand for condominium units in these emerging areas.
According to Colliers data, Manila North, Alabang-Las Piñas, and the CAMANAVA corridor are among the sub-markets that have experienced substantial pre-sales. In total, these regions accounted for 82% of projects with affordable to middle incomes that were taken up in 2021.
The completion of significant infrastructure projects like the New Manila International Airport, Metro Manila Subway, Makati Subway, North-South Commuter Railway, NLEX-SLEX Connector Road, and MRT-7 will encourage real estate development and support capital growth in these areas.