Northpoint developed as right property investment-A A +A
Friday, August 15, 2014
WITH more condominium buildings currently rising and set to rise within the cityscape of Davao, investing in a condominium property becomes an attractive option for new and veteran investors. Choosing the right property is critical as it will determine the investment's chances of success.
Nothing comes close to the value proposition that Northpoint offers to investor-owners. A master-planned condominium community nestled at the heart of north Davao’s growth area, Northpoint is a landmark development of Camella Davao, subsidiary of the country’s largest homebuilder, Vista Land.
Northpoint yields the best capital gain. Investors put a premium on a real estate investment’s capital growth—the property’s increase in value that yields a long-term profit as the price goes up over time.
Northpoint’s value has gained an unprecedented increase of 50-70% in the last five years—proof of its unfailing profitability compared to other investment instruments. This also means a higher resale value that will yield a good profit to the investor.
Such capital gain is influenced by Northpoint’s premium address and world-class facilities and amenities. It is located at the junction of Buhangin Road and JP Laurel Avenue, Bajada, two of the city’s major thoroughfares plied regularly by public transportation that takes commuter to all parts of the city.
The crown jewel of its deluxe facilities and amenities is clubhouse Wakefield Manor which houses a multi-purpose hall, fitness gym, kiddie splash pool and an adult wellness pool with salinated water, as well as cabanas and grill pits. There is also a playground, nature park, jogging trail, pocket gardens, free shuttle, and round-the-clock security that keeps both homeowners and their properties safe and sound.
It bears to mention that Northpoint also has the best curb appeal with its meticulously landscaped grounds, architecturally majestic condominium buildings, and thousands of imported Caribbean pine trees that emit a fragrant scent and provide a cool, refreshing ambiance.
Northpoint has the most profitable rental income. Another form of return from property investments is the rent paid by tenants. The going rental rates of Northpoint condo units are comparable to rental rates in Manila, and are competitively high in Davao.
Northpoint condo units can easily fetch a decent monthly rent of P20,000 for studio, P30,000 for a two-bedroom unit, and P50,000 for a three-bedroom unit. Investor-owners will find they can easily afford to cover their amortization costs with some extra profit on the side.
Northpoint provides investor-owners value-added services. Northpoint is managed by a professional property management team that ensures the careful maintenance of the buildings, grounds, common areas, facilities and amenities to ensure the protection and continuing appreciation of Northpoint’s property value.
Having a professional property management team also benefits homeowners as it maintains and enhances the soundness of Northpoint’s security system, and initiates social activities to encourage camaraderie and strengthen community spirit among tenants and homeowners.
Northpoint also has a separate leasing group that helps find the right tenant, conduct reference checks, make collections, and maintains the unit for the investor-owners. They also manage the tenants and review rental rates within the area to ensure the investor-owner is maximizing the condo unit’s value.
On top of all these, Northpoint's commercial value will go up even more with the lifestyle center that will be developed beside the main entry gate. To house high-end retail stores, top-brand coffee shop, restaurants and specialty shops, this commercial development will become one of the city's lifestyle hot spots.
With all these features, Northpoint easily tops the list of potential property investments in the city. Get in touch with Camella for more information at 295-3973 or visit them at Delgar Bldg. (across Northpoint) at JP Laurel Avenue, Bajada, Davao City.
Published in the Sun.Star Davao newspaper on August 15, 2014.