Published February 24, 2021, 9:50 PM
There’s no stopping the rollout of the Cebu Bus Rapid Transit (CBRT) System, which will be partially operational by the end of this year.
The CBRT project is expected to go full blast when it becomes fully operational by January 2023, announced Jonji Gonzales, Assistant Secretary of the Office of the Presidential Assistant for the Visayas (OPAV).
Gonzales said the BRT aims to improve the overall performance of the urban passenger transport system in Cebu City “in terms of the quality and level of services safety and environmental efficiency.”
It will operate along both a dedicated transit way and in mixed traffic segment. The project corridor is about 23 kilometer long, from Bulacao to Talamban including South Road Properties.
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About 30 percent of the platform users looking at Philippine properties come from those aged 25 to 34 years old. The study suggests that millennials abroad may be looking for properties to house their family or tap into sources of passive income. They may likewise be seizing employment opportunities locally.
Gen Y on Home Ownership
This finding supports earlier observations by property experts shared in recent Lamudi roundtable discussions. In the virtual forum held in September titled
, industry leaders noted the increase in the number of millennials buying homes amid the pandemic.
They explained that financial habits have changed since the lockdowns. Money initially earmarked for retail and leisure expenses, such as in travels, may have been redirected to property ownership. Better deals in the market have likewise attracted millennials to buy homes. A few property developers offered discounts and stretched terms on downpayments. Moreover, Pag-IBIG lowered its interest