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After naming Manila as the world’s hottest luxury home market last year, property advisor Knight Frank tagged Alabang as the next “hotspot” in Metro Manila.
Alabang was named among the 18 “ones to watch” neighborhoods that “follow include thought-provoking options in traditional wealth hubs.”
According to Knight Frank Philippines’ Jan Custodio, major infrastructure and development projects are set to enhance the area’s accessibility and appeal. “The biggest road project, Skyway Stage 3, is due for completion in mid-2020, and will provide a seamless connection between the north and south of the metropolis through an elevated link road that connects the North and South Luzon Expressway systems.”
In its 2019 Wealth Report, Knight Frank listed the Ayalas’ Alabang Town Center, the Gotianuns’ Filinvest City, and Andrew Tan’s Alabang West project as the key drivers to Alabang’s growth.
Knight Frank rated Manila as the world’s hottest luxury home last year with prices surging by 11 percent in 2018 based on its Prime International Residential Index (PIRI 100) which measures the price gain of homes in 12 months.
The other residential hotspots picked by Knight Frank experts are:
- Wynyard Quarter, Auckland
- Yangpu Riverside, Shanghai
- Hung Hom, Hong Kong
- St. Kilda Road Precinct, Melbourne
- Delray Beach, Florida
- Pasadena, Los Angeles
- The West Coast, Barbados
- Friedrichshain, Berlin
- Trois Chénes, Geneva
- The Seaport District, Boston
- 11th arrondissement, Paris
- Downtown Extension: DIFC, World Trade Centre and Za’abeel, Dubai
- Chelsea, London
- Castellana Norte, Madrid
- St Jean District, Côte d’Azur
- Lucca, Italy
Read our previous real estate news to keep up with the latest on the Philippine property sector.