Quote:
Originally Posted by The Lord
Angeles City skyline growing in 2012!
With around a dozen hotels currently under construction on the entertainment strip alone (and many recently completed), the Angeles City skyline as seen in the following images is clearly continuing its upward development.
Land prices rising
Empty or abandoned lots are being snapped up and developed into commercial and residential projects causing land prices along the entertainment strip to rise to as much as Php30,000 - Php50,000 per square meter.
Billion-dollar GGLC development
Behind SM Clark mall, nearly a stone's throw away from the entertainment strip, the Global Gateway Logistics Center, a massive billion-dollar 200-hectar development project funded by Kuwaitis is fast-tracking its infrastructure development to make way for large commercial and industrial projects including multi-million dollar aviation, healthcare, educational and hotel projects.
8-story threshold being broken
Although hardly any are passing the 8-story threshold (around the maximum height limit without a costly foundation due to the area's soft soil), with the resumed construction of the Penthouse condo-hotel, which should be Angeles City's tallest tower at 14 floors, this will just be a matter of time.
How will 2013 look like?
Many more construction projects, primarily focused around the entertainment strip are in the planning and therefore today's skyline will look very different from the ones angelescity.com will be posting in 2013.
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Pretty much said it all, if current trend continues then eventually it's the collapse of AC as we know it.
Only reason why prices are so good for cheonging is because AC is in middle of no-where and it is a crappy place to live (well- shitty place is a more accurate term) and having nothing around has helped keep prices low.
Now, with more and more investments and better living conditions and better jobs offering much higher wages in the area and all that property going sky high, then only 2 things can happen:
1) All the land that the current bars on Fields and Perimeter become more valuable, they will be bought out and converted to high end offices and high end housing to house all those with more money with better jobs in the area.
2) If the bars remain, then the end of low cheonging prices as they have to raise their rates to keep up with the high housing market rates.
Again, just my thoughts
PT