The National Capital Region is home to about 12 million people. The region is considered as one of the most developed metropolitan cities in the country, with business opportunities and lifestyle prospects within reach of its perimeter.
But while living in the metro has its perks, problems are also evident. This year, the Philippines ranked ninth in the world in terms of traffic situations which are mostly centralized in big cities. The traffic congestion in Metro Manila is even forecast to worsen with the coming ASEAN integration due to the increase in the exchange of goods and services. The traffic congestion is just one of the effects of the thick density of residents. Additionally, many areas in the metro suffer from flooding due to the rising commercial and residential properties that are now blocking the path of many waterways.
A home inside Terrazza de Sto. Tomas
These problems have taken NCR out of the list of promising key areas for new construction efforts. One region, however, is currently receiving attention from property developers and home seekers alike.
“Southern Luzon is proving to be a lucrative market for real estate,” said Fatima Olivares-Vital, Business Unit Head of Ovialand, Inc. “In fact, it is seen to be among the top three growth areas to watch out for in the country.”
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(excerpt taken from mb.com.ph)