4 Reasons Why Now is the Perfect Time to Live in Naga City
Naga City is known as the Heart of Bicolandia and is also labelled as “An Maogmang Lugar” or “The Happy Place”. Being the commercial, educational, religious and cultural center of Bicol, this first-class city remains the most progressive in Camarines Sur and the premier in the Bicol region.
1. Economic Development
Strategically located in the heart of Bicol, Naga City’s trade, commerce and industry continue to flourish. The rapid development of different hotels and inns, banks and lending institutions, fast-food chains and restaurants, shopping malls, stores and other commercial establishments in Naga City contributes a lot to the thriving economy of the Queen City of Bicol. In fact, this booming city accounts for the most number of business establishments in the Bicol region and is preferred by the country’s largest and most successful companies to be the center of their regional operations in South Luzon. Among the multinational and local companies that operate profitably in Naga City are engaged in real estate, transportation and communications, banking and financial services, food and beverage, and consumer goods distribution.
2. Career opportunities
Bicolanos are very much excited for Naga City’s upcoming shopping malls, Robinsons Place which is currently being constructed in Diversion, Naga City, and Starmall which is soon to rise in Del Rosario, Naga City. About 54 commercial banks already have established branches here. Four big business process outsourcing firms, IBM, Concentrix, Stellar and Sutherland are also now operating in the city of Naga. These business establishments definitely have more job opportunities for everyone in Bicol. There is no wonder why Naga City was awarded as the “Most Competitive Component City” last July 2016.
3. Education
Naga City is also considered to be Southern Luzon’s educational center due to its excellent academic performances of schools and universities. It is in fact the home of six largest universities in the Bicol region. Among the outstanding universities in Naga City that are well-known for their quality education are Ateneo de Naga University which just recently announced the opening of its law school, Unibersidad de Sta. Isabel, University of Nueva Caceres which has been newly acquired by Ayala, Bicol State College of Applied Sciences and Technology (previously known as Camarines Sur Polytechnic Colleges), Naga College Foundation and Mariners Polytechnic Colleges Foundation. Indeed, you don’t have to worry about your children’s education because in Naga City, there are a lot of quality schools and universities to choose from.
4. Real Estate as Investment
Because of the dynamic development of business establishments and continuous progress of universities in Naga City, more and more people are coming to settle here. This led to the city’s consistent developments in housing. One of the well-known home developers in Naga City is Camella Homes which continues to build and develop more master planned communities. Another is Deca Homes which offers house and lots with more affordable prices. Other home developers that also cater to the broad affordable market segment are Amaia Scapes and Lumina CamSur which currently offer pre-selling houses that are soon to be constructed in Pili, a nearby town of Naga City. Bicolanos are also looking forward for the development of condominiums in Naga City.
Now is certainly the perfect time to live in Naga City. Don’t wait for the prices of house and lots to double or even triple. “The best time to buy a home is always five years ago.” –Ray Brown
For more details about our current property listings in Naga City, you may call or text 09982546977 or email us at propertyinsider.ph@gmail.com.
