New reclamations at Manila Bay
As our plane approached to land at NAIA yesterday, I saw the current extent of the reclamation projects underway at the Manila Bay.
These projects are expensive to implement and will surely lead to even higher real estate prices. This will translate to expensive office, commercial and residential units. So one wonders who will ultimately benefit from these developments. Will government come in and require low cost housing here or will future workers have to commute to these places from the suburbs? The latter will definitely put more pressure on an already deficient transport system.