Northpoint comm'l value rises-A A +A
Tuesday, July 1, 2014
AS landmark condominium development in Davao City, Northpoint appeared to have enjoyed a prestigious reputation as a creation of Vista Residences, the vertical marketing arm of Vista Land, the country's largest homebuilder.
On top of being a project of the biggest real estate companies in the country, Northpoint has more aces up its sleeve that continues to push its commercial value on an upward trajectory.
Location. Northpoint is found at the junction of Buhangin Road and JP Laurel Avenue, Bajada, two major thoroughfares in the city that run along the growth area in north Davao. Its strategic location makes it near major locators, business and commercial centers, and public utilities.
A few minutes away from Northpoint are malls, high-end retail shops, supermarkets, cinemas, banks, clinics and hospitals, schools and universities, places of worship, terminals, and the airport. Stone's throws away are modern office buildings, IT parks, commercial centers, and transport hub.
Increasing commercial value. Northpoint's commercial value continues to go up since it was first launched five years ago. In its first three years, the value of studio units has increased from 1.3 million to 2.2 million, while its two-bedroom units increased from 2.5 million to 3.5 million-a twenty to forty percent increase. Northpoint's commercial value has been steadily rising even before completion of its condo buildings.
World-class amenities. Northpoint's clubhouse, Wakefield Manor, houses a fitness gym, multi-purpose hall, cabanas and grill pits, and a wellness pool with salinated water. There is a nature park, jogging track, pocket gardens, playground, shuttle service, and round-the-clock security with CCTV.
The fourth tower, Liverpool, has Sky Gardens on three levels, designed to allow natural air and light to enter the structure, giving the condo units excellent air quality and making the building a green structure that has the least impact on the environment and its inhabitants.
Guaranteed high rental revenue. With its deluxe facilities and amenities, premier address, and an excellent curb appeal, Northpoint becomes a very attractive place to live. Unit owners who opt to rent out their condo units stand to gain good revenues because Northpoint is an easy sell to those looking for a rental home.
A studio unit in Northpoint can easily be rented for P15,000 to P20,000, while a two-bedroom unit can fetch P30,000 and a three-bedroom unit P50,000-more than enough to cover amortization and providing supplemental income to the investor.
Lifestyle center. Northpoint will have its own commercial development that will offer lifestyle options to its homeowners and to the city's well-heeled set. High-end retail stores, a top brand coffee shop, fine cuisine restaurants, and commercial shops will take residence in this much-anticipated lifestyle center.
To rise on top of the hill beside Northpoint's main entrance, this commercial development is preceded by The White House, a fine dining restaurant offering Asian fusion cuisine and a wine cellar, fast becoming a local favorite and offering a taste of what's to come in Northpoint's lifestyle center.
Clean and green environment. Northpoint has a lush environment of preserved age-old trees, grass-covered open spaces, and thriving plant life augmented by hundreds of imported Caribbean pine trees that grow up to a hundred feet tall. Its verdant surroundings makes for a fresh and green ambiance, making living in Northpoint not only relaxing but also healthful-adding an intrinsic value to Northpoint's overall commercial value.
Published in the Sun.Star Davao newspaper on July 01, 2014.