Benefits of Cavite-Bataan Interlink Bridge to Investment Properties

DPWH Secretary Manuel Bonoan released a completion update regarding the Bataan-Cavite Interlink Bridge. He said that the comprehensive engineering design for the Interlink Bridge is now 70 percent complete and that construction is expected to begin in late 2023.

According to Bonoan, who briefed reporters at the Palace, the department assured President Ferdinand "Bongbong" Marcos Jr. during a sectoral meeting in Malacañang that the project, which would have two cable-stayed navigation bridges, will be carried out this year.

He also said that work on the bridge will begin later this year, with the goal of being finished within five years, before President Marcos Jr.'s term ends.

In addition, the department stated with great enthusiasm that it would be ready to begin the groundbreaking on the construction of this critically important bridge within the year.

What is the Cavite-Bataan Interlink Bridge Project?

The Bataan-Cavite Interlink Bridge, which is currently under construction on Manila Bay in the Philippines, is a cable-stayed bridge. If completed, it would cut the current travel time between Bataan and Cavite from five hours to 40 minutes.

The Philippines, under the Public Works and Highways Department (DPWH), is developing the project at a cost of $3.6 billion. Investing more on the country's public infrastructure is one of the main tenets of the government's Build, Build, Build (BBB) initiative, which seeks to stimulate economic development.

In January 2020, the project received approval from the NEDA Board (National Economic Development Authority). The building of the bridge will start later this year, and it is anticipated that it will be finished within five years.

Travel times would be cut in half and traffic in Metro Manila eased thanks to the bridge's permanent connection between Central Luzon and Southern Tagalog area provinces.

How Bataan-Cavite Interlink Bridge Can Impact Real Estate Investing

There is no question that bridges and other forms of transportation infrastructure are vital to the 21st-century economy because of the need for rapid human mobility. But how much of a hit could it really have on the real estate market?

In this article, let's discover the benefits of the Bataan-Cavite Interlink Bridge to invest property and real estate investors.

1. Relieve the chronic traffic congestion plaguing Metro Manila by connecting Bataan and Cavite provinces

After the completion of the Bataan-Cavite Interlink Bridge Project, the current five-hour commute between the two provinces will be reduced to between twenty and thirty minutes through a brand-new four-lane permanent connector.

Construction of the 32-kilometer-long inter-island bridge spanning Manila Bay and Corregidor Island is planned to provide a direct link between the provinces of Bataan and Cavite, decreasing travel time from five hours to under an hour.

This will increase accessibility in the two provinces, which is only one of the numerous advantages of this project.

2. Increase the economic development and expansion potentials

Investors are actively setting up shop all along the path of the new land and marine viaduct expressway that will be constructed connecting Regions 3 and 4A, all in anticipation of the opening of the Bataan-Cavite Interlink Bridge, which will bring new expansion and economic growth opportunities outside of the Metropolis.

To add up, the bridge would also allow for the development of seaports in Cavite and Bataan, which will serve as significant international shipping gateways to the Philippines, bringing new chances for expansion and economic growth to areas outside of Manila.

3. Highest investment property demand drivers because of their potential to significantly increase home prices

Investments in transportation infrastructure, because of their potential to increase property values, are among the most powerful demand drivers in the house and lot in the Philippines industries. This is due to the positive effects they have on accessibility, commerce, and job prospects in a certain area.

Investors and people looking to buy homes are more inclined to choose areas with room to grow in terms of transportation infrastructure if that growth is visible from the ground up on a given piece of land. In the end, these factors contribute to increased economic production across a variety of fields in the area.

If you're looking for an affordable house and lot for sale in Bataan and Cavite provinces to start your real estate investment, consider Lumina Homes, the top leading housing developer in the Philippines.

We have various communities in the Province of Cavite and Bataan, namely:

• The Balanga Residences located in Sitio Maluya, Brgy. Cupang, Balanga City, Bataan

• Lumina Pilar located in Brgy. Liyang, Pilar, Bataan

• Lumina Tanza located in Brgy. Bagtas, Tanza Cavite

All these communities are equipped with Lumina Homes' flagship amenities such as a multipurpose hall, mini gardens and playground, 24/7 guarded entrance, perimeter fence, and CCTV cameras all over the community for added security.

Our affordable house and lot units available vary from townhouses, duplexes, and single firewall units that will surely fit your budget and family's needs.

4. An opportunity for real estate investors to generate rental income

Infrastructure projects that bring you closer to Metro Manila and an adjacent province means that your area will have more job and business opportunities. People will find it comfortable and convenient to live there because they can achieve the work-life balance dream—enjoying the famous spots to go on the types of holidays in the Philippines while also savoring the Philippines best food from all these places.

This gives you the chance to earn some passive income from your property investment through rental income. Whether it is a long-term lease or an Air BnB type of business, you can easily transform your primary residence into a rental property and take it as a lucrative initial investment.

5. Real estate investors and developers stand capital gain from emerging markets and styles.

The availability of a link between the south channel bridge and the north channel bridge to investors means that they may choose from a wider range of investment opportunities and generate income.

When this happens, investors are once again optimistic about the nation's ability to recover from COVID-19 pandemic. Because of this cyclical benefit, economic activity and opportunity will increase as investor confidence in our economy improves. This is useful not only in urban regions, but also in the provinces around Manila.

Improvements to the surrounding infrastructure provide your homes with a more appealing selling point to potential buyers. The value of a property in a desirable area increases when infrastructure improvements, such as the Bataan-Cavite Interlink Bridge, are made.

Whether you're in the market for a residential or investment property, Lumina Homes have what you're searching for. Its affordable house and lot for sale are situated in ideal areas, with easy access to not only the basics but everything a person may need to live comfortably and even prosper.

Witness the price appreciation of your affordable property from Lumina Homes and don't miss this golden investment opportunity now!