Baguio City, a haven for those seeking respite from the heat and bustle of Manila, is about to see a new addition to its exclusive landscape. A carefully planned residential project, One South Drive, is targeting a discerning clientele – those in the market for a luxurious second home in a location renowned for its enduring value.
The development will be nestled in the prestigious South Drive neighborhood, a location coveted for its proximity to Baguio’s most iconic landmarks. Imagine waking up just moments from the Baguio Country Club, The Mansion, the historic Camp John Hay, and the breathtaking views of Mines View Park.
One South Drive won’t be a sprawling complex; instead, it will consist of just two seven-story buildings, each offering an intentionally limited number of residences. Beneath the structures, three levels of basement parking will provide secure and convenient access for residents.
These aren’t compact city apartments. Unit sizes will range from a generous 112.5 to 175 square meters, offering ample space for comfortable living and entertaining. Prices reflect the exclusivity and prime location, averaging between P31.2 million and P48.3 million per unit.
The project is projected to generate approximately P3.04 billion in sales, with a total investment of around P2.05 billion. This significant investment underscores the confidence in Baguio’s real estate market and the enduring appeal of the South Drive area.
The area’s historical performance speaks for itself. Properties in this district have consistently held their value, fueled by a limited supply of homes and a consistently strong demand from those seeking a second residence in this desirable location. It’s a place where investment feels secure and lifestyle flourishes.
One South Drive builds upon the developer’s existing presence in Baguio, adding to a portfolio that already includes the well-regarded Bristle Ridge and Outlook Residences. This demonstrates a long-term commitment to the city and its unique appeal.
The company behind One South Drive recently reported a substantial consolidated net income of P15.1 billion, driven largely by the success of its real estate ventures. This financial strength allows for continued investment and the pursuit of high-quality projects like this one.
Looking ahead, the real estate arm is expected to absorb approximately 65% of the company’s total capital expenditures, with P15.5 billion earmarked for strategic land acquisition and the development of future projects. This signals a continued focus on expanding its residential offerings.
