Emerging investment hotspots in the Visayas
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In the ever-evolving landscape of the Philippine economy, Iloilo and Bacolod have emerged as two of the most promising investment hotspots. These burgeoning cities are capturing the attention of investors, both local and international, for their strategic locations, robust economic growth, and high quality of life.
“The allure of Iloilo and Bacolod’s rising prominence is undeniable. Over the years we have seen how these provinces have become bastions of growth in the Visayas. And we at Sta. Lucia Land have long seen the opportunities that these two provinces offer. Iloilo and Bacolod have managed to create the ideal environment for many business including developers and this is the reason why it now continues to enjoy the confidence of many investors,” said Sta. Lucia Land Inc. president Exequiel Robles.
Remarkable transformation
Iloilo, which is located on the southeastern shore of Panay Island, has undergone a remarkable transformation in recent years. Its rise can be attributed to several factors including but not limited to the substantial infrastructure improvements, such as the Iloilo International Airport, which has boosted both domestic and international connectivity, the Iloilo Diversion Road and the Iloilo Esplanade.
Iloilo’s economy has likewise diversified beyond its traditional agricultural base as it has also now become a hub for the business process outsourcing (BPO) industry, healthcare, and education. Moreover, the province is home to some of the country’s top universities, such as the University of the Philippines Visayas and Central Philippine University.
“The city offers a high quality of life with its blend of urban amenities and natural beauty. It has a number of popular spots for recreation and leisure that contributes to the city’s reputation as one of the country’s most livable places,” Robles said.
Business-friendly policies
Meanwhile, not to be left behind is Bacolod, the capital of Negros Occidental. Bacolod has been consistently recognized for its business-friendly policies. It ranks highly in ease of doing business, thanks to streamlined processes and local government support.
Similar to Iloilo, Bacolod has a burgeoning BPO sector. Additionally, it has a strong agro-industrial base, producing sugar, rice, and other agricultural products that contribute to its economic stability.
A man-made lake and a lighthouse serve as the most prominent features of the development.
Its rich cultural heritage and vibrant community life make it an attractive place for both tourists and potential residents. Bacolod is well-connected by sea and air thus it provides access to major cities in the Philippines.
“Plans for more infrastructure projects, including road expansions and new commercial developments, are in the pipeline, making the province even more attractive for investors,” Robles shared.
Compelling option
Meanwhile, for investors looking to capitalize on the growth of Iloilo and Bacolod, Sta. Lucia Land offers a range of compelling real estate options.
As one of the Philippines' leading property developers, Sta. Lucia Land has a track record of creating high-quality residential and commercial developments, lakeside and golf communities, hotels and condotels.
Since its inception, Sta. Lucia Land has already completed numerous projects in the Visayas and there’s no stopping the company from developing more. Among its existing projects in Iloilo that make for a truly great investment are Green Meadows, Sotogrande Iloilo, Nottingham Villas, Centro Verde, Acropolis Iloilo, and Monte Rosa. Meanwhile projects in Bacolod that potential homebuyers and investors must consider include the La Alegria, the newly launched lake community Somerset Greens and Buenavida Residencia.
“Our projects in Iloilo and Bacolod are strategically located to offer convenience and accessibility, ensuring that residents are close to business districts, educational institutions, and leisure facilities. Future residents of our existing and upcoming developments in Iloilo and Bacolod can look forward to enjoying numerous perks that would definitely enhance their quality of life,” he said.
“These two provinces present a wealth of opportunities for investors and residents alike. With their strategic locations, economic potential, and high quality of life, these cities are poised to become major players in the Philippine economy and investors and homebuyers must take advantage of this opportunity,” Robles concluded.
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Editor’s Note: This article was provided by Sta. Lucia Land Inc.