The Philippines has a growing economy and it continuously finds different ways of interpretation to various situations in order to enrich and create advancement in the said country. Improvement is always on top of the list especially if there is a certain objective that has to be achieved. With all the competitions that exist in the industry, people will always find a way to be ranked as number one or to be recognized in the most special way.
Metro Manila is one of a good example when it comes to the rise of competition in terms of enhancement and advancement of infrastructures. Aside from that, there are numerous good offers in terms of properties like condo for sale Philippines, as well as commercial buildings and other real estate investments. Metro Manila is indeed interesting. Why? Simply because given the fact that Manila is the capital of the country, it is also considered that it is a busy and progressive place due to its population, career opportunities, way of living, and the list goes on. Because of that, many people choose to stay and reside in the Metro— a place wherein everything is accessible and within reach. However, it also causes a lot of negative by products like heavy traffics, increased demand in housing, rise in unemployment, food and water shortage, and the increase of other conflicts.
Metro Manila traffic affects the economy highly
With that being said, there are projects, suggestions and transport infrastructure investment that aim to resolve the aforementioned conflicts like the plans that have been made to avoid traffic congestion. One of the many projects is the train system rail infrastructure that helps to expand the options of the commuters and maximize the alternative options of transportation. Overall, it is built to improve the conditions in the Metro. Moreover, it is completely important to know if these transport networks affect the investments in the said location since it is a place known for negotiations, business opportunities, and different forms of contracts. But is it really possible that a train system infrastructure has an effect on the investments?
FASTER ECONOMIC GROWTH AND METRO PERFORMANCE AGAINST TRAFFIC CONGESTION
According to Sumitomo Corporation (2020), “The Philippines enjoys one of the highest economic growth rates among ASEAN countries. The country’s population has topped 100 million and is especially rapidly increasing in Metro Manila. This concentration of population is causing serious traffic congestion issues. The economic loss due to traffic congestion, including the impact on the mobility of people and freight logistics, is estimated to reach roughly 3.5 billion pesos (roughly 70 million US$) every day. Further, CO2 emissions from the increased traffic may result in serious air pollution in Manila.” By having said that, train system infrastructure will be a huge help to aid the said conflict by providing convenience to the commuters, reduce traffic congestions, and eliminate loss in economy. This is why more public private partnerships on developing
FASTER ECONOMIC GROWTH AND METRO PERFORMANCE AGAINST TRAFFIC CONGESTION
In addition, Metro offers numerous condominiums for sale because of the reason that there are a lot of people who look for a place to stay that is near their office or school. A train system project like the Metro Manila Subway would really be a great value appreciator for real estate investments. Along with the busy streets and bustling cities of Metro, The Courtyard, a condo in Taguig lies ahead together with various business districts and commercial centers. Since the performance of Metro Manila moves along with business centers, The Courtyard is a perfect choice to fulfill both global and urban lifestyle since it is designed with finesse and elegance, not to mention that the location of the condominium is strategically near to universities, hospitals, lifestyle centers, and of course, transportation hubs are easily accessible too.