Real-estate developer SM Development Corporation (SMDC) recently unveiled a new high-rise residential building in Cavite. The condominium is the latest addition to SMDC’s portfolio of “University Town” developments that feature high-quality residences and provide a new option for those who opt to reside or invest in real estate properties outside of the metro.
Green 2 Residences is located in Dasmarinas, Cavite, currently home to three of the province’s most populous universities—De La Salle University Dasmarinas, De La Salle Health Sciences Institute, and Emilio Aguinaldo College Cavite, all three having a combined population of more than 20,000 students. The booming “University Town” is also near high-foot-traffic establishments like SM City Dasmarinas, Waltermart and Central Mall Dasmarinas, to name a few.
Green 2 Residences comes after the success of Green Residences across De La Salle University along Taft Avenue which sold at an average of only PHP 1.9 million in 2011 and is now valued on average at PHP 2.7 million per unit.
SMDC has developed condominiums across schools or universities such as in Sun Residences near the University Belt in Manila, Blue Residences and Berkeley Residences on Katipunan Avenue in Quezon City, Princeton Residences along Aurora Boulevard in Quezon City near St. Paul College as well as Mezza and Mezza II Residences in Sta. Mesa near UERM. Such units of SMDC near universities have shown significant growth in value after a few years.
A much larger project than Green Residences, Green 2 Residences spans a lot area of 1.6 hectares and will feature three towers. The details of the building’s façade takes inspiration from an archer’s bow, and modern contemporary design is reflected throughout the interiors of the development. The condominium will house amenities like WiFi ready study areas, a gym, lap pool, multi-purpose lawns, a function room, and lounges. The residential development will also feature a retail strip that will be home to shops that provide for the daily conveniences of student life – a small grocery, laundry, bank and restaurants.
In terms of access to Green 2, those coming from Metro Manila or nearby provinces can easily travel to the area given the continuous outpour of infrastructure investments from the government. And, with the earmarked extension of the LRT-1 train network, travel to the area will become more convenient in the future.
Green 2 is ideal for both end users and property investors looking for a good yield. University towns tend to attract transients among students and faculty members looking for spaces to rent for proximity and convenience.
Real-estate investors can take advantage of the growing student market in Dasmarinas as they can lease their units to students who might look for alternatives to the dormitories and room rentals in the area, many of which are insufficient when it comes to catering to their demands.
To help unit owners, SMDC offers support for easy management and leasing of units. SMDC’s in-house leasing services range from property listing management and unit viewing arrangements to negotiation of terms, lease contract preparation and tenant move-in assistance.
About SM Development Corporation
SM Development Corporation (SMDC) is a residential real estate developer in the Philippines. Through its vertical villages, SMDC has committed to provide the middle market an access to a luxurious urban lifestyle. With properties strategically located in Metro Manila and other provinces, five-star amenities and integrated commercial retail environment, SMDC addresses the residents’ need for a convenient and healthier lifestyle.