Infrastructure Projects Will Increase Land Value of Alabang
Property market value in Alabang Area is expected to increase from P30,000-P80,000 to P100,000 per square meter (or higher) in 2019, according to an independent research by property consulting firm Cuervo Far East Inc.
One key factor on rising land values in the Southern Metro west area are the major road network developments, including the recently completed Muntinlupa-Cavite Expressway (MCX). The public-private partnership (PPP) between Aquino Administration and developer Ayala Corporation opened on July 24, 2015, showcasing a four-kilometer, four-lane expressway to link Cavite to Muntinlupa. During its opening date, Ayala Corporation’s Chief Executive Officer Jaime Zobel de Ayala announced that MCX will be toll-free until August 23.
The 2.01-billion infrastructure project is expected to help decongest traffic in Cavite, Las Pinas and Muntinlupa and serve as an alternate route to minimize the travel time by an average of 45 minutes from Daang Hari to Alabang interchange.
Due to this ease in accessibility, Alabang is eyed to follow the footsteps of Makati, Fort Bonifacio and Ortigas to be the next central business district in Metro Manila. Big real estate developers such as Ayala Land, Filinvest, Megaworld and Vista Land have started developing the area of which developments include Megaworld’s Alabang West, a 62-hectare township including a 1.3-kilometer commercial and retail row, and an exclusive gated community called Alabang West Village with 788 residential lots ranging from 250 to 800 square meters. Another notable development is Vista Land’s Vista City, an integrated urban development covering 1,500-hectare of retail, prime office space, university town, and residential developments.