Marbella Lake Residences rises in Laguna
Sta. Lucia Land is developing a residential subdivision called Marbella Lake Residences in Victoria, Laguna. The project will feature a man-made lake and Sta. Lucia’s trademark lighthouse. Other amenities of Marbella include a community clubhouse, a basketball court, and a “paradise island” with a swimming pool. Sta. Lucia President Exequiel Robles highlighted the importance of open spaces and proximity to nature in their residential developments.
Based on our Q4 2021 Residential Survey, about 42% of respondents chose Laguna for their next horizontal residential unit investment, followed by Cavite (19%) and Batangas (13%). In our opinion, Southern Luzon remains an attractive option for investors eyeing to buy residential units outside Metro Manila. Despite the Covid-19 pandemic, we have observed a steady demand for horizontal residential projects specifically in the Cavite–Laguna–Batangas (CALABA) corridor. From 2020 to 2021, Colliers recorded the take-up of about 31,200 house-and-lot (H&L) and 7,700 lot-only units in these provinces. Colliers believes that the growing residential demand in Southern Luzon should be supported by the completion of big-ticket infrastructure projects such as the North–South Commuter Railway, NLEX–SLEX Connector Road, and Cavite–Laguna Expressway (CALAX). In our view, demand should also be sustained by investors’ growing preference for less dense locations which offer larger living spaces and more open areas.