Emerging cities are attractive to investors as they encourage a boom in the property sector. Companies like Topspot Heavy Equipment contribute to the growth of infrastructure and the development of cities and towns that are situated away from Metro Manila. These cities can alleviate traffic problems and decentralize power across the country.
The Philippines is a good place to develop emerging cities because it maintains a dynamic environment with professionals and developers, as well as new places and cities with the potential to become a major center of development.
Developing Emerging Cities
Metro Manila is experiencing population growth, massive traffic jams, worsening pollution levels, and an alarming crime rate. Urban planners and developers are looking to develop cities and municipalities outside of the central metropolis as a way to decongest cities, decentralize political decisions, and democratize resources. In this way, emerging cities can open up new opportunities in the country.
For a city to be considered emerging, it should be able to generate employment, produce a healthy workforce, and maintain efficient land use. To achieve this, cities must be able to have creative leadership, political will, and good planning, design, and governance. Cities with infrastructure like international airports and seaports have bigger opportunities for trade and tourism compared to counterparts without these ports.
Cities can promote better mobility by creating streets with bike lanes and with wider sidewalks to ease pedestrian traffic. These can be complemented by robust mass transport systems that increase the efficiency of commutes.
The IT Business Process Management (IT-BPM) industry needs to consider that emerging cities are capable and well-equipped to meet the demand of different companies. IT-BPM companies can contribute to the further prosperity and attractiveness of emerging cities in different regions across the country.
Decentralization is an exciting idea that should be explored further. Emergent cities can act as a buffer or as a safety net in the event that the central city of Metro Manila experiences a huge natural calamity. In this sense, developing emerging cities is not only important for spreading wealth and prosperity, but can also serve as an emergency system for national survival.
Opportunities and Challenges
Emerging cities can provide economic opportunities for investment in the property and real estate industry. Real estate companies and franchises can continue to grow and expand into other areas of the country, like in provinces or in the countryside, where the industry is not as prolific. They will likely bring professionalism into the regions they enter. Real estate professionals can develop their capabilities and use their multinational experience to enhance their businesses and expand nationwide.
It can be difficult to make emerging cities relevant to the population. Planners and developers need to be able to entice people to support and to live in new cities with different industries in order to inspire further investments. Development should not be based on a model or template city because cities are diverse in their own ways. It may be important, for instance, for a city to retain its old soul. Experiencing the soul and character of a city can remind people of their heritage.
Both the government and the private sectors need to determine the needs of each emerging city and work to develop them to reduce congestion and over-centralization in the main metropolis. There is no perfect city and emerging ones have to adapt to changes as they become necessary.