In the modern world, island living isn’t just about taking it slowly by the beach without much else to do. Today, people want to have all the advantages of laid-back island life as well as all the conveniences of city living. This is exactly why Bohol is one of the most popular areas for both living and working. What’s more, Bohol is currently in a period of rapid development and expansion. This is most evident in all the infrastructure projects and structures recently opened, with some still in the works.
These projects attract businesses, industry, and productivity, effectively raising the real estate value of a house and lot for sale in Bohol. However, prices remain reasonable and more than practical at a median price of Php55,619 per sqm. If you’re on the hunt for property in the province, though, now may be the best time to acquire a home since Bohol’s real estate value is continuously on the rise, exhibiting a 3.4% annual growth over the past year. With all the infrastructure lined up in the coming years, it’s no surprise that the trends show a sustained appreciation of real estate values.
Among various infrastructure projects, here are the most significant players in boosting the real estate value of Camella in Bohol and similar properties:
Tagbilaran Green Park
Part of the national government’s “Green, Green, Green” program, the Tagbilaran Green Park is the flagship eco-conscious infrastructure initiative in Bohol. It’s primed to be one of the biggest open green spaces in the province, where residents and visitors can take a stroll and breathe fresh air. The plans for the park include ample seating space, landscaped green areas, a parking lot, a playground, and paved walkways. The 6,963-square-meter park will be built in Tagbilaran, stretching across the City Central Public Market in Barangay Dao.
The government has started the construction and set aside a Php26 million budget. This project is part of the push to make Bohol and several other cities in the country more livable and sustainable.
Panglao-Tagbilaran City Offshore Bridge Connector Project (PTCOB)
According to recent reports from the DPWH, talks are currently being had between local authorities and the Chinese government to secure a grant for the construction of the PTCOB. The project is set to begin soon once the Php6.96 billion is finalized.
The bridge is designed to be a four-lane project spanning 2.7 kilometers, connecting mainland Bohol to the municipalities of Dauis and Panglao (located on other islands). Based on the blueprints and initial plans, the bridge is shaping up to be an architectural marvel. Not only will it help facilitate better road flow, but it will also attract more tourists because of its novel design.
Bohol Seaports
One of the many advantages of living in a house and lot in Bohol is its accessibility, with the region having a number of strategically-placed seaports. With the advancement of travel, Bohol’s seaports are also steadily being improved worth Php900 million.
Port of Tagbilaran
There’s an additional fast craft berth at the port, widening the scope of Bohol being the main gateway to the rest of Visayas and Mindanao.
Port of Talibon
While the Port of Tagbilaran is primarily for passenger use, the Port of Talibon is fashioned for cargo operations. The Port of Talibon is also renovated and equipped with a new Ro-Ro ramp, a covered walkway, and a security fence.
Port of Jagna
Relatively new to the roster of Bohol’s ports, the Port of Jagna is made up of a reinforced concrete wharf. Its recent revamp added an all-new passenger terminal building, making transit between Jagna, Cebu, and Camiguin more comfortable and seamless.
Port of Ubay
In the past, this port has only been able to accommodate medium-sized motorized boats. With the new developments, it’s now able to handle Ro-Ro operations.
Tapal Port
To supplement the existing sea traffic in Bohol, the Tapal Port was constructed. It now serves as a backup area, complete with a Ro-Ro ramp.
Port of Loon
Improving the flow and comfort of passengers, the port of Loon now has a newly built passenger terminal structure.
Port of Maribojoc
Following the 7.2-magnitude earthquake in 2013, the Port of Maribojoc is being rehabilitated and is set to reopen along with its full operational capacity as soon as repairs and renovations wrap up
Panglao International Airport
Dubbed the “green gateway” to Bohol, the Panglao International Airport is one of the country’s most notable airports. It’s equipped with energy-saving fixtures and features and is now the sole operating airport in the region. It’s one of the first and main attractions for eco-tourism, encouraging this travel niche to visit and even settle in the region. Unlike other regional airports around the country, Panglao’s airport caters to international flights, making real estate in the vicinity even more valuable.
Get the best value out of your home in Camella in Bohol
Investing in real estate is one of the most practical and economically sound moves you can make today. In a volatile economy, real estate stays fairly consistent. In the case of Bohol, the trend is showing a positive projection. Purchasing property, specifically, a house and lot in Bohol, proves more than beneficial.
With all the ongoing and existing infrastructure projects in the region, it’s no wonder that a home in a well-planned and well-designed community like Camella in Bohol is a coveted asset. The development is the first of its kind in Bohol, offering full amenities, open spaces, green spaces, and affordable homes.
At Camella, you’re not just guaranteed quality and high-standard homes, but you’re also provided with a space to socialize, interact, and grow. You get a clubhouse, basketball court, children’s playground, swimming pool, and landscaped parks and gardens. Camella in Bohol is also located in a strategic and well-connected area, allowing residents to maximize the available infrastructure.
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