The Asian Development Bank has approved the financing of the South Commuter Railway Project as its largest infrastructure to be financed in the Asia and Pacific region to date. The project is nearly 55 kilometers with 18 stations connecting the future Metro Manila subway and Calamba City, Laguna.
The North-South Commuter Railway is forecasted to help the Philippines recover from the economic effects of the pandemic by creating more than 35,500 jobs. In comparison, it's being constructed and over 3,200 permanent jobs when it's ready for operation. Along with the emerging jobs in the process, travel time between Manila and Calamba shall be reduced by half the travel time of 2.5 hours by road.
The 4.3 Billion dollar funding shall ensure that the project will be disaster-resilient, as it will be elevated to avoid flooding and to reduce the disruption of existing communities along the route.
Effects of continuous improvement of public transportation
A better lifestyle for Filipinos
Again, life is all about finding ease. Imagine if Filipinos have more than enough options for public transport rather than forcing themselves to fit in one vehicle and wait until the wee hours. Then people will naturally be comfortable with having a workplace that's a little far from home. People from nearby provinces who work in Metro Manila need more services to ensure a better quality of life. This reason is drawn from stories of people who can only spend 4 hours at home, 8 hours in the office, and the remaining time of the day is the wait time for public commute and traffic.
Better traffic conditions
When people can use the subway or railways instead of taking three to four rides by jeepney or bus, better traffic is foreseen because people wait everywhere for a chance to get a seat.
Faster movement of goods
When people move fast from one place to another, the movement of goods follows. Picture a freight train as another infrastructure project coming up that would connect the three major regions of the Philippines. One central railway would transport crops from Mindanao to Luzon instead of shipping them through plain or ship. The basic goods move fast, and the greater chances of prices going down. Another significant contribution to the citizens.
Whatever economically advantageous structure is built in an area, small businesses follow. A businessperson makes a structure that houses a thousand employees small or medium enterprises start to pop out of nowhere. The construction and real estate industry creates a new ecosystem that inevitably keeps the city's economic health afloat for the long term.
Increase of value on Real Estate Properties
Say the government builds a subway like it is currently doing, immediately, the value of properties nearby increase. At the same time, previously vacant lots would have commercial or residential buildings starting to pop out five times faster than a tree grows. For example, this development that will inevitably materialize shortly will be one of the reasons real estate investors need to know the government's next significant steps.
Success in real estate investing rarely happens by luck since it's all about knowing the current development in the area where the money is about to go. Since a railway, besides the ongoing construction of the Metro Manila subway, is about to begin, it's only wise to say that Metro Manila, Calamba City, and provinces in the South are about to have better value than in the past years.
Featured property by Vista Residences Inc.
Kizuna Heights along Taft Avenue, Malate, Manila
This pre-selling condominium building has students as the targeted market. This build is near the University Belt, perfect for students pursuing their professional goals so that their access to transportation, business hubs, and centers for trade balances their busyness in their studies. This is near Quezon City and Makati City—two significant cities perfect for future jobs in multinational companies.
Kizuna Heights is near top universities: De La Salle University, Arellano University, College of St. Benilde, and St. Scholastica's College. It is also close to cities such as Pasay and Paranaque. Top tourist attractions include Rizal Park, Intramuros, and Manila Ocean Park, and commercial centers such as Mall of Asia Arena, Ikea, University Mall, Green Mall, and Robinson's Manila.
Healthcare institutions include Manila Doctors Hospital, Ospital ng Maynila, Philippine General Hospital, Adventist Medical Center, and Pasay City General Hospital. Of course, LRT 1 is the closest railway.
Why invest in a condo in Metro Manila
High Rental Income
Proximity to the best schools in a country secures a better network for the next generation of leaders. With the best network and career opportunities, young people secure their future way better than others in most cases. Metro Manila is still the center for trade, which means it is easier to meet people who can support business and career endeavors, given that one makes the best out of the opportunities. Consequently, homeowners of condos have better chances to build their wealth through rental income, whether short-term or long-term. There will come a time when Filipinos age, the less they will rely on children as their "investment" because now, they are more educated to secure their financial future. The younger generation of Filipinos can feel free to enjoy their lives without the burden of being the sole breadwinner. More Filipinos shall climb up the ladder and be able to help others as the country strives for nation-building projects.
Strategic Location
Another reason to invest in a condo located in Metro Manila is that it's close to everything people need to thrive. It is home to the best educational institutions, hospitals, professionals, and talents that a business needs to perpetuate for years. Multinational companies flock to the area because Filipinos when taken care of, build a strong company. They are perfect for balancing all areas of life.
Check out Vista Residences to consult with real estate professionals.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
