For the past two years, many investors have sought residential units that could take advantage of the POGO sector boom. But with uncertainty now surrounding POGO in general, real estate buyers are now turning their attention to other opportunities in the Philippines.
Student accommodation is one alternative property sector to take note of. Universities will eventually reopen, and those students are going to need some place to live.
According to data from the Commission of Higher Education (CHED), enrollment in universities and other higher education institutions has been relatively steady over the past three school years, bouncing between 3.5 million and 2.9 million students annually.
However, there is the potential for much greater enrollment numbers in the coming years. Only 33 out of every 100 Filipinos go on to attend higher education facilities despite the fact it is free in the country, research from the CHED found. If the government can encourage more students to pursue higher education opportunities, the student living market would benefit tremendously.
New project ideal for the Quezon City student living market
In Metro Manila, the Quezon City student living market is probably the most well known. The area is home to several leading higher education institutions including Ateneo, Miriam College, University of the Philippines, Diliman, Center for Culinary Arts and Philippine School of Business Administration.
However, there is still only a limited amount of residential space catering to students. This is one of the reasons why Hawthorne Heights is the most exciting project to hit the Quezon City student living market in recent memory.
For starters, the entire development is designed around students’ needs and equipped with amenities and facilities for today’s educational lifestyle. The student-focused features including a large study hall, a function area, swimming pool and fitness center.
The units inside Hawthorne Heights have been meticulously planned to meet the needs of the modern student. Space-efficient residences can support co-living arrangements without feeling crowded. Single-person units are also available.
Hawthorne Heights is true gamechanger in the Quezon City student living market. It is situated along Katipunan Avenue, just down the street from the aforementioned higher education institutions. Additionally, the LRT Katipunan Station is a short walk away, ensuring easy access to the rest of the city.
The development is scheduled to be completed in 2022 during what could be a busy time for the Quezon City student living market. Click here for more information on Hawthorne Heights.