Tuesday, June 6, 2017

Where Do Filipino Millennials Want To Live?

Wazzup Pilipinas!

Leading property portal Lamudi looks at the real estate preferences of Filipino millennials—one of the biggest market segments in the world today

Considered as decision-makers with a considerable purchasing power, millennials have been the target of most businesses and industries of today. Referring to those born between the early 1980s to the early 2000s, millennials are deemed as the digital natives. This generation is widely connected socially and virtually through multiple devices, and they gave new meaning to multitasking and real-time communication. In this age bracket, everyone loves to work hard but they also play harder. They tag themselves as travelers and entrepreneurs that overflow with ideas and online breakthroughs.

As one-third of the Philippine population is made up of millennials aged 20 to 31 years old who can move and shake the economy, developments and cities are now remaking themselves according to the wants of this age group. Due to their importance in the movement of the economy in general and real estate in particular, leading property portal Lamudi wants to answer the great question: Where do millennials want to live?

Using its data to study the online behavior of millennials who use the real estate platform, Lamudi reveals the preferences of this age group with regards to real estate. As more and more new developments are now taking into consideration the needs and wants of this generation, it is just important to find out what exactly should developers do to get the big yes of the millennials.

What to Expect from this Year’s Showcase of Affordable Homes

Wazzup Pilipinas!

Determined to help Filipinos attain homeownership, leading property portal Lamudi brings together the best affordable housing options under one roof

Basking on the success of last year’s Lamudi Housing Fair, leading property portal Lamudi is topping its feat by holding a bigger and better housing fair, this time focusing on the affordable market segment.

“This slice of the market needs most attention not only from the government but from private players as well. That’s why we at Lamudi wants to jump-start the work by organizing the very first affordable-focused housing event,” shared Bhavna Suresh Chathambeth, CEO of Lamudi and its sister website

“As we envision the Lamudi brand to be Filipinos’ one-stop shop for everything real estate, we are continuously exploring ways on how to best serve homebuyers, most especially the affordable sector. Apart from assisting the industry through our technology and reliable real estate data and information, we are also conducting events that bridge homeownership to even more Filipinos,” Ms. Suresh added.

For this edition, Lamudi promises that the grand showcase of affordable homes will not be complete without these 10 must-see, must-hear, and must-get at the Lamudi Affordable Housing Fair on July 15 and 16 at the Glorietta 3 Activity Center in Makati City.

LRT Line 1 Soon to Offer its Passengers More Trips, Extended Hours and Shorter Waiting Time

Wazzup Pilipinas!

The Department of Transportation (DOTr) today announced that passengers of the Light Rail Transit Line 1 (LRT Line 1) will soon experience enhanced services with the adoption of a new timetable.

“The 20-kilometer railway system from Baclaran in Paranaque to Roosevelt in Quezon City is set to implement a new timetable to increase the number of weekday trips, extend operating hours and shorten waiting periods for its clients,” says DOTr Undersecretary for Rails Cesar Chavez.

The new weekday schedule is expected to increase the number of trips of LRT Line 1 from the current 512 to 554 daily trips, which is equivalent to an 8% increase. However, the existing schedule for weekends and holidays will still be in effect.

The Light Rail Manila Corporation (LRMC), concessionaire of LRT Line 1, will start morning operations from Baclaran to Roosevelt station at 4:30 a.m., as opposed to the existing schedule of 5:00 a.m. For the evening operations, the last trip northbound, from Baclaran to Roosevelt, will be extended up to 10:00 p.m., while the last trip southbound will leave the Roosevelt station at 10:15 p.m.

LRT-1 will likewise increase its speed limit for the LRT-1 north extension (Monumento to Roosevelt stations) from 40 kph to 60 kph.

“Passengers will experience shorter waiting periods once the change is put in effect,” Usec. Chavez said.

Since it took over, the LRMC has restored middle cars for the LRT Generation 1 trains from 77 light rail vehicles (LRVs) to 103 LRVs. It further disclosed that the rail line has reached an average daily ridership of 443,000 for the first quarter of 2017, or a 6% year-on-year increase.
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