Eton Properties: Traffic mess pushes demand for condos
In the next 15 or so years, there could be daily traffic gridlocks in many parts of Metro Manila. Delays in arriving at the place of work have economic costs in terms of manpower losses.
Thus a couple who pay P10,000 a month for renting a decent apartment end up coughing out P1.8 million in a 15-year period without considering the escalation clause. This amount could well be spent in payment for an apartment in installments.
There are many such couples living in places far from work, according to Danilo Ignacio, president and chief executive officer of Eton Properties, ...
