Traffic in Metro Manila, which is reported to cost the country around P2.4 billion in lost productivity and potential income daily, is getting worse, and there is no immediate solution in sight. According to a study by the National Economic and Development Authority (NEDA), it could take 15 years and about P2.93 trillion for Metro Manila traffic to see better days. While this may be the case, real estate developers such as Megaworld offer readily available solutions that can help us cope with this inconvenient truth.
1. It’s all about strategic location
There are several locations that offer a holistic lifestyle in Metro Manila. Also called integrated urban townships, these locations give Filipinos the opportunity to live where they work with entertainment establishments, restaurants, groceries, and even laundry shops just a few minutes of walk away.
One example is the Eastwood City in Quezon City, the first township in the country. It is complete with condominium towers, office buildings and commercial centers. It is currently home to over 25,000 residents – most of which no longer experience the excruciating rush hour commute in Metro Manila because they live, work, play, and even learn in the area.
In the favorable economic environment that the country is currently experiencing and with reasonable payment schemes, investing in a strategic location could be deemed far more cost-efficient than shelling out money for gas and fare in the long run.
2. The concept of reverse migration
Some Metro Manila dwellers have come here from the provinces to look for the so-called “greener pastures” thinking that the country’s capital offers far more options and chances at a better life. While this motivation is still prevalent, it is also outdated.
There is the Iloilo Business Park, a 72-hectare development in Iloilo City that is poised to be the biggest business and tourism hub in Western Visayas. It will have 10 office towers by 2020 that can generate around 250,000 direct and indirect jobs.
Another business district on the rise is The Mactan Newtown in Cebu, a 30-hectare development complete with BPO offices, hotels, residential towers, commercial buildings and food spots. This township also offers easy access to the beach, allowing employees to unwind after a hard day’s work.
These and the other new and up-and-coming business districts offer location options for employers and employees other than the already congested Metro Manila.
3. Traffic rerouting and private roads
According to DPWH, there are far more vehicles in Metro Manila than the roads can accommodate. EDSA, for example, can only handle 280,000 vehicles but around 350,000 cars ply Metro Manila’s main thoroughfare daily.
Soon, the real estate giant will also open its doors to help ease up the traffic in C5. Megaworld, with nods from MMDA and the local government of Taguig City, is now constructing an intersection that will allow northbound and southbound vehicles from C5 to pass through McKinley Hill. This can serve as an alternate route for motorists traveling Fort Bonifacio, Makati CBD, and Newport City.
Credits to : http://www.abs-cbnnews.com/advertorial/lifestyle/09/21/15/how-property-developers-can-help-solve-metro-manila-traffic