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Tuesday, April 16, 2024

Infra projects push property values up outside Metro Manila

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Infrastructure projects of the national government have drastically reduced travel time between Metro Manila and other cities and towns, making road trips fast, smooth and easy for leisure and business travelers alike.

New infrastructure projects will help residents in communities outside the National Capital Region to save time and resources with shorter drives and commutes to and from the metropolis.

Aware that new infrastructure steadfastly drives value appreciation of properties, many Filipinos are confidently pursuing their plans of buying their dream homes, a factor that the real estate industry widely acknowledges as having kept them afloat amid the challenges of the pandemic.

A top-tier real estate brand that is continuously benefitting from infrastructure growth and upgrades is Bria Homes, which has had the foresight to build residential projects in strategically located areas.

Aside from idyllic locations and access to current and upcoming major government projects, Bria properties are near schools, churches, hospitals, commercial establishments, banks and pharmacies.

Home seekers and property investors looking into Bria as provider of their homes of choice are assured of proximity to key lifestyle destinations. Residents of its communities outside the National Capital Region will also save time and resources with shorter drives and commutes to and from the metropolis and other places.

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Bria Homes division head Eduardo Aguilar affirms this, saying that Bria Homes’ mission is to provide a comfortable life to Filipino homeowners, which spurs them to carefully consider the locations of their developments.

“We’d like to keep land appreciation constantly in mind and ensure a stable future for BRIA homeowners,” Aguilar says.

Data from the Department of Public Works and Highways show that 18 of the 112 infrastructure flagship projects under their “Build, Build, Build” program will be completed by June 2022, while 12 additional projects are set to be completed by end-2022.

In 2023, 89 projects will be scheduled for implementation, with completion to be done through the next six years.

Among the big-ticket inter-island projects that are often highlighted are the Bataan-Cavite Interlink Bridge, thePanglao-Tagbilaran City Offshore Connector, Guicam Bridge, three Tawi-Tawi Bridges, Panay-Guimaras-Negros Link Bridge, Cebu-Mactan Bridge, Panguil Bay Bridge and the Samal Island-Davao City Connector.

Other noteworthy transportation projects in the works that are guaranteed to improve connectivity are North-South Commuter Railway, Metro Manila Subway, Cebu Bus Rapid Transit and the Clark International Airport Expansion Phase 1.

“These infrastructure projects benefit real estate not just through value appreciation, but also by spurring economic activity and growth. What this means for our residents are more opportunities for tourism, business, education, and manufacturing, among others,” says Aguilar.

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