Table of Contents
The appetite of real estate investors for luxury developments has continued to grow since the lull of the pandemic. In their 4Q Property Overview report, JLL Philippines notes that the hospitality industry occupancy rate has impressively risen to 87.7%, an increase of 2085.1 bps quarter-on-quarter due to the peak season of the previous quarter. Leisure activities and corporate demand are the main drivers of the occupancy levels. Room rates have also risen to an average of Php 7800 per night, a 1.6% uptick, as operators slowly calibrate their rates back to pre-pandemic performance levels.
Property buyers want to ensure they invest in a safe, comfortable, and functional home that could also drive profitability. Thus, they have realized the value of luxury condominiums and serviced apartments.
Makati: An Ideal Place to Search for Upscale Condos and Serviced Residences
Data from Lamudi’s Real Estate Hotspots Unwrapped Best-Performing Philippine Cities in 2023 showed that when it comes to condos, Makati is the most-viewed location. Property seekers looking into the city are primarily interested in upscale studio and penthouse units in the area.
Makati continues evolving with new residential and commercial developments, along with facilities that elevate quality of life, such as underpasses, bike lanes, sharrows, and more open spaces. As a result, discerning property buyers are drawn to the city’s convenient and high-end lifestyle, which caters to their refined, sophisticated taste.
The business capital is not just a coveted address because of its lifestyle. It is also an attractive location for investors because the city is home to residential and commercial properties with high property values. Data showed that from 2010 to 2018, properties in Makati CBD have risen by almost 132%. Real estate property values are expected to continuously increase in Makati due to the city’s continued development.
Eyes on the Prize with 110 Benavidez, Citadines Legazpi Village
Keyland Corporation is an award-winning developer of luxury properties. Affluent investors should keep an eye on its 110 Benavidez, Citadines Legazpi Village Serviced Residences in Makati for these reasons:
Access to the Comfortable and Relaxed Lifestyle of Legazpi Village, Makati City
This 32-storey Serviced Residence stands along Benavidez Street in Legazpi Village. The area is a paradise for professionals who want to stay in a laid-back neighborhood just a few steps from the Makati CBD and the Ayala Center. Legazpi Village has cafes, restaurants, pocket parks, and business services like the Legazpi Market and Greenbelt Mall. That’s not to mention the clean, tree-lined streets that elevate the lifestyle of 110 Benavidez residents.
When you invest in 110 Benavidez, you’ll have easy access to these landmarks and establishments:
- Asian Institute of Management (250 m.)
- Greenbelt Mall (350 m.)
- Don Bosco Parish (700 m.)
- Ayala Museum (800 m.)
- Makati Shangri-La (900 m.)
- Landmark (1 km.)
- Glorietta (1 km.)
- Greenbelt Chapel (1.1 km.)
- Don Bosco College (1.3 km.)
- Ayala Triangle Gardens (1.5 km.)
An Investment Managed by Ascott Ltd. and under the Citadines Brand
110 Benavidez offers Serviced Residences by Citadines Benavidez Makati, managed by The Ascott Limited. It is a self-sustaining investment with a service agreement duration of 15 years, wherein the income generated by the operations, services, and amenity bookings is paid out equally to all the buyers.
Investors who want to profit from their units but cannot physically attend to their properties can opt for one of the last remaining Serviced Residences in Citadines Benavidez Makati.
When you own a serviced apartment, The Ascott Limited will manage your unit. You will receive a quarterly income whether your unit gets rented or not. The income derived from the daily services, operations, and amenity bookings from the property and its 207 rooms is divided equally by square meter among the unit owners every quarter. You also don’t need to pay broker’s fees or tend to renovations, as these form part of the deductible operational expenses. Moreover, the Ascott Ltd. is responsible for maintaining your unit and keeping up with property insurance.
Unit owners get a 10-day usable stay every year.
An Opportunity to Live as You Please in a Luxury Serviced Residence
As a luxury serviced residence, 110 Benavidez Citadines features generously spaced units. They range from studio-type, one-bedroom, and two-bedroom units measuring 28.32 square meters to 152.97 square meters. The condo unit prices cost anywhere from Php 12.1 million to Php 54 million.
The serviced residences at 110 Benavidez Citadines have fully-equipped kitchens and hotel-standard furnishings designed for the comfort of business executives and affluent travelers. All the units come ready for occupancy. When you invest in a serviced condo unit here, you do not need to worry about your property being vacant or needing a broker to list your unit. Instead, you can devote extra time to pursue other business ventures or personal interests while waiting for your unit’s quarterly income.
Facilities and Top-Notch Amenities that Let You Stay Active
Apart from its strategic location and larger-than-life luxury units, its lifestyle amenities make 110 Benavidez the “IT” property to invest in.
The luxury serviced residence has a lobby cafe area, Catalogue, and a lounge where Citadines introduces almost weekly events to help guests stay active and in the know of what is available and happening around the Metro. Moreover, it houses the following amenities:
- Catalogue Makati, an all-day dining restaurant and bar in the lobby
- Landscaped roof deck with mini parlor games and function areas
- Infinity pool that faces San Lorenzo Village with no visual obstructions
- Fully equipped Lifestyle Center with calisthenic and cardio machines
- Leasable business center and function room for additional income
The amenity area is also great to soak in the unobstructed view of the Makati Skyline. These top-notch lifestyle facilities let residents enjoy a high quality of life where they can focus on themselves.
Investing in and staying in 110 Benavidez Citadines is a reward for those who have attained success in their life’s pursuits. The units in this development by Keyland Corporation are a sound investment that keeps on giving, thanks to its business opportunities and high potential reselling value. Learn more about this luxury serviced residence and reserve a unit today.
