A typical scene greeting commuters and drivers passing through the Tarlac-Pangasinan-La Union Expressway (TPLEX). Photo taken from inquirer.com
The creation of accessible, passable roads marks a great achievement in human history – allowing for easier travel and transportation of material goods necessary for the development of any prospective burg or town. In fact, one may argue that the economic advancement of any particular city lies in how easily accessible it is to the rest of the country, or even the world – and accessible roads make this a possibility. Is it any wonder, then, that governments put a lot of investment in the development and maintenance of important thoroughfares?
The Tarlac-Pangasinan-La Union Expressway (TPLEX) is a good example of this. Having begun construction on January, 2010, the TPLEX is an 88.85-kilometer four-lane expressway that connects Central and Northern Luzon, with its southernmost terminal located in Tarlac City, Tarlac and its planned northernmost terminus currently slated to be at Rosario, La Union/
To understand the significance of this, one only needs to look at the existing major expressways in the country - the South Luzon Expressway (SLEX) and the Manila-Cavite Expressway (CAVITEX) for example, connects the greater Manila Area to the Calabarzon region, allowing easier access between the two regions. This has allowed the Calabarzon region, specifically the province of Cavite, to see major boosts in industry, urban planning, and real estate, as many businesses set up shop in Cavite due to accessibility and proximity to Manila, as well as allowing Cavite residents easier access to Manila where they can seek jobs and livelihood. In the context of real estate, this means that real estate investment is a wise idea, as many seek to live in the Cavite area. One only needs to look into the numerous house and lots up for sale and development corporations creating house and lots for families to settle into.
To cut to the chase, the development of multiple accessible roads into the Calabarzon area has given it a boost in economy and industry, which bodes well for the real estate industry, as it becomes a wise investment to seek house and lots to live in Cavite, for example. In fact, it becomes simply a matter of time until high-rise condominiums become a major real estate investment as well.
The implications these hold for real estate investment in Baguio City are immense. The TPLEX allows a more convenient gateway to Baguio City, which will undoubtedly lead to more people traveling to the city simply due to its accessibility. Similar to what is happening in Cavite, it will serve to boost Baguio’s (and all the provinces that surround it) economy and population, as many flock to the city, and businesses begin to thrive even more thanks to easier access for transporting materials via the use of trucks.
The end result, of course, is an increase in the economy of all of Baguio City’s industries, as well as its population. Much has already been said about the strategic location of Baguio City, and its importance to the area of Northern Luzon – and with the development of the TPLEX, the importance of house and lots in Baguio City, and even condominiums, or any other form of housing, becomes even more apparent. Real estate investment in Baguio City becomes important as more and more people flock to the city and the economy sees a sharp turn upward, and land space becomes limited and at a premium. As such, seeking a foothold into the city – whether it be a house and lot for a family, living space or condominiums to lease out for a student, or just a piece of real estate where someone can establish their own business – before everyone else gets to it becomes a necessity. After all, there’s only so much real estate to go around before everyone’s living in Baguio City.
The TPLEX opens up a lot of opportunities for Baguio City to expand and grow – and will definitely lead the city on the road to greater heights. A little investment into its future won’t hurt.