Wise investors go to Northpoint-A A +A
Wednesday, October 17, 2012
SOME of Davao's best investment opportunities are right under your nose.
Look around for signs of growth: sprouting commercial developments, more job opportunities, an elevated lifestyle taking shape — all these are happening in north Davao.
It makes sense then to invest right where the action is. And when it comes to real estate investment, Camella Northpoint at JP Laurel Avenue is on the top of the list.
With minimal choices of rental properties that have the same class and propositions as Northpoint, north Davao’s rental environment is tight.
That’s a boon to investors who manage to swing an attractive condo unit within a posh community like this British colonial condo community.
A landmark development of Camella, Northpoint is now in its fourth tower, Liverpool, the tallest at 15 storeys. It offers panoramic views of Davao Gulf, a pine-filled environment, and a green lifestyle that is good for the environment as well as its homeowners.
Its location alone meets the number one prerequisite of investors as far as rental properties are concerned. Based at the junction of JP Laurel Avenue in Bajada and Buhangin Road, Northpoint is strategically close to all daily essentials and public utilities.
It is less than ten kilometers away from the city’s best and biggest malls such as SM Lanang, Abreeza Ayala mall, Robinson’s Cybergate, Gaisano Mall, and Victoria Plaza, where department stores, supermarkets, cinemas, restaurants, and entertainment spots abound.
Within the same distance are banks, hospitals, public markets, worship places, schools and universities, airport, and terminals to outlying cities and municipalities. Everything else is a brief ride on public transportation or a short drive away.
Liverpool now comes in affordable packages that most investors will find irresistible. For a 15-year loan package, monthly amortization for a two-bedroom unit will fetch at P21,874, while a three-bedroom unit is set at P37,048 for the same term.
Based on rentals in Northpoint’s first building, Manchester, rates can fetch somewhere between P30,000 to P50,000 for a two- to three-bedroom unit. That’s more than enough to cover amortization for a Liverpool condo unit with the same number of rooms.
Camella Northpoint gives investors a win-win proposition. Renting out their condo units will give them a positive cash flow and assured bigger returns should they opt to cash out in the future. If they cannot resist living in their rental condo, they get to live a privileged lifestyle within its luxuriously green surroundings, sculpted landscape, deluxe facilities and amenities, and strategic location.
With a property management team to look after its security and upkeep, Northpoint’s property value continues to appreciate. That’s why Northpoint condominiums are the preferred option of astute investors and those who foray into investment for the first time. (PR)
Published in the Sun.Star Davao newspaper on October 18, 2012.