A VIRTUOUS UPWARD CYCLE

Infrastructure has always been and will always be one of the major elements in any successful real estate development, noted Noli D. Hernandez, executive vice president for sales and marketing of Megaworld.

At times, infrastructure, especially if it has to do with access and connectivity, can determine the viability of a project.

“In the case of Northwin Global City for example, the fact that it’s bounded on sides by major artertwo ies of Luzon (North Luzon Expressway and McArthur Highway) and bisected by the Manila-Clark Railway (with a station right within the township itself), and its proximity to the upcoming new Manila International Airport speak volumes about the project’s strategic location and its future prospects,” he said.

While the impact of infrastructure on any particular development not easy to quantiis fy, it is not uncommon for property values to double or triple in a few short years. This becomes more in masterevident communiplanned ties because of economies of scale and first-mover advantage.

“The Megaworld story illustrates this quite clearly. Because of the size of its scale and vision, it is able to build its own communities which in turn, merit big enough infrastructure that further attracts more people and businesses to its communities. In turn these further merit more infrastructure in a virtuous upward cycle, while massively rewarding initial buyers and invesits tors,” he explained. Hernandez however out that the panpointed has seriously threatdemic ened that upward cycle. As tried and tested formuthe of the past may no lonlas ger suffice, there is a need to undertake more and better innovations and “greenovation” so communities may prosper with more vibrancy.