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Malilong: Palliative


SunStar
April 20, 2021
Vice Mayor Michael Rama is right. Flyovers will not make our traffic woes disappear. At best, they are palliatives. The best approach to the problem is to expand our roads.
But how doable is road widening? The cost of acquiring private property alone will be enormous. All the city’s streets, except those in the mountain barangays, have concrete buildings erected on both sides. Do you think the owners will consent to have their property demolished, even if partly, to give way to a widened road?
Besides, expropriation is going to be a long and a tedious process so that by the time the Department of Public Works and Highways (DPWH) has taken possession of the property, the proposed widened road will no longer be sufficient to meet the traffic demand. If property owners complain about damage to the view around their premises, how willing will they give them up altogether even if just compensation is paid? ....

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Main pylons of 3rd Cebu bridge now complete


Published February 17, 2021, 11:59 PM
The two main bridge pylons of the 8.5-kilometer Cebu-Cordova Link Expressway (CCLEX) have been completed. 
“We finished over the weekend the concreting of the pylon on the side of Cebu City,” Cebu-Cordova Link Expressway Corp. (CCLEC) said in a construction update on Wednesday.
 The company said Tower 1 has reached its final height at 145 meters, which means the two main bridge pylons are now finished.
 Installation of the cross on top of the pylons of the CCLEX’s main bridge had already started.
 A 40-meter cross visible on four sides of Tower 1 symbolizes Cebu’s significant role as the cradle of Christianity. ....

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Millennials Represent Majority of Overseas Real Estate Interest



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 low ....

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Cebu Remains to Be the Most In-Demand Provincial Location in 2020


. In 2019, the Visayan metro also ranked first in the most in-demand provincial locations.
The study showed that Cebu is a renter’s market, garnering 62.56% of pageviews and 60.65% of leads in the area. The finding suggests that the market may have considered more affordable housing solutions amid the economic woes brought by the pandemic.
Top Business Hub
According to the Lamudi report, Cebu remains popular amid the pandemic because of its business environment. It’s a top location choice for establishing entrepreneurial activities outside the capital region. 
The Visayan metro has business districts that provide strong infrastructure to companies, with Cebu Business Park (CBP) and Cebu IT Park (CITP) among the most attractive destinations, especially for the information technology and business process management (IT-BPM) industry. ....

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