One of the popular tourist destinations in the Philippines is the province of Pangasinan. It is famous for its pristine beaches, like the Lingayen Beach and Hundred Islands National Park, and other tourist spots like Cape Bolinao Lighthouse and Bolinao Falls.
This province is innovative as its primary sources of energy and power are the Sual coal-fired power plant and San Roque multi-purpose dam, located in Sual and San Manuel providing electricity to the province and its neighboring towns.
Pangasinan is also one of the biggest distributors of a variety of vegetables and fruits in the region.
Pangasinan is strategically located because of the TPLEX (Tarlac-Pangasinan-La Union Expressway) via SCTEX (Subic Clark-Tarlac Expressway) which makes it just a few hours away from Metro Manila.
This is a growing thriving community perfect for different kinds of investment. But before starting an investment here, you should understand what the province is famous for.
Where to put your Investment?
Pangasinan is thriving in a lot of areas, like aquaculture and tourism, making it hard to choose where you can make an investment. Here are some examples to help you decide which area is best for you.
Aquaculture
Pangasinan’s economy is mainly aquacultural because of its geographic location. The name of this city came from the word “panag-asinan,” which means “where the salt is made” due to their huge production of salt, the main source of livelihood for locals living in the coastal areas of Pangasinan. They also serve as a major source of fish in Northern Luzon region. The demand for goods from this industry continues to increase locally and globally.
Producing and selling processed foods that are trademark products of Pangasinan is a great business venture including salt, bagoong, dried fish, and canned fish that are export quality. For those who want to start an aquacultural investment, numerous projects of government offer training, seminars, and financial assistance for qualified individuals.
Tourism and Travel Business
Where the Philippines famous Hundred Islands is located, Pangasinan is home to natural wonders and rich biodiversity. The province boasts picturesque white sand beaches, falls, springs, caves, and terrains that attract foreign and local adventurers. Pangasinan is also brimming with history and culture. It is a place of famous churches built during the Spanish era. Hence, tourism-related investment in is thriving in Pangasinan.
Taking advantage of the province’s booming tourism, there are different businesses you can do to cater to the interests of local and foreign tourists.
Souvenir Shop
Putting up a thrift and souvenir shop is a good business when placed in the right location. These small mementos for sale can give high returns when set up near tourist attractions. Of course, the items should have details that will remind the tourist about the place. In the Tayug Sunflower Eco Park, a keychain or coaster out of resin preserving fallen petals of sunflowers may be a good idea.
Food Stalls
Food businesses are also booming in the province, with stores that serve local delicacies. One of the most popular delicacies of Pangasinan is Tupig, a version of rice cake, sold in different places in the North, like Tarlac and Baguio. These sought-after goods are very marketable to tourists.
Car Services or Rentals
If you rarely drive your vehicle, you can make an investment out of it and generate income by using it for rental on outings and field trips. For customers who don’t know how to drive, you can either drive them or hire someone as a driver for an extra cost.
Real Estate (Residential and Commercial)
Being the third most populous province in the country and one of the largest in terms of land area, Pangasinan is a great place to start a real estate investment or business. As the population continues to grow the need of people for comfortable and safe shelter also increases.
Investing in a property like a house or a condo in a perfect location can earn good money. It is best to build or buy a unit near an urban or city area where schools, markets, churches, and malls are located. So the best thing to do is choose a good real estate development that is in close proximity to important institutions and commercial areas.
What You Do with Your Real Estate Investment
1. Use it
One of the main options you can do for your real estate investment is by living in it. Investing in a property is like investing in your dream home. If you want to handle the construction of your own house, you can invest in a lot, but moving in would take longer because you have to wait for the construction to finish.
2. Rent it
Renting is also a way to make income with your unit. You can either rent it out for short-term or long-term use. Since Pangasinan is a famous tourist destination, you also can make your place a vacation house for tourists.
3. Resell it
The real estate market is steadily growing every year. The value of every property appreciates rapidly. Purchasing a piece of land or lot as an investment is a good start for young adults that are just starting to earn money. The best thing to do is to wait for it to increase in value. It is one of the easiest and cheapest investments but with high returns in the long run.
But which real estate development should you invest in?
Camella in Pangasinan
Camella, the leading homebuilder in the country, can make this dream investment of you into reality.
There are three development in Pangasinan: Camella Pangasinan, Camella Urdaneta, and Camella Crisciente – all are strategically located near essential areas. Every project provides convenience, comfort, accessibility, and security to its residents. Camella also offers its residents world-class amenities, like swimming pool and clubhouse. It is a family-friendly community – a safe haven for people who want to escape the busy city life.
For more details, you can check out the Camella website. Invest now in Camella!
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