 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
Philippine floods spur move to high-rises: industry
Manila (AFP) Nov 17, 2009 High-rise living has suddenly become more popular in Manila after killer storms caused massive flooding in the Philippine capital, property industry officials said here Tuesday. Businesses are also moving to higher ground to avoid a repeat of the devastation from recent storms, which killed more than 1,100 people in Manila and other parts of the island of Luzon, the officials told a business forum. "More Filipinos will embrace high-rise living. They still prefer single-detached homes, but now they are more open to high-rises," Robinsons Land Corporation vice president Henry Yap told the forum. After the storms "we had a barrage of calls (from people) wanting to rent out our high-rise units." Tropical storm Ketsana dumped the heaviest rains in more than four decades on Manila on September 26, leaving more than 80 percent of the city flooded. This was compounded a week later by Typhoon Parma, which caused most damage further north on Luzon but also brought more rains to Manila. Nearly two months after Ketsana, hundreds of thousands of people are still living in flooded areas on the outskirts of Manila. "Some people were traumatised (by the floods) and don't want to go home," said Corazon Guidote, head of SM Investments Corporation, a holding company with real estate interests. "You can already see a migration to certain areas. People are going to areas which are of higher elevation. Rental rates in some areas have gone up because of the migration. There will be more demand for high-rises." However Guidote did not give specifics. Other companies said they were also reviewing their plans for disaster preparedness in the wake of the floods. "We are putting some of our treatment plants on stilts," said Frank Beaumont, group director of Manila Water Company, the capital's main water distributor. Share This Article With Planet Earth
Related Links Bringing Order To A World Of Disasters A world of storm and tempest When the Earth Quakes
Seven rescued after two-month Pacific drift, two later dieMajuro (AFP) Nov 17, 2009 Seven Papua New Guineans adrift in the Pacific Ocean for more than two months have been rescued but two have since died, the captain of the vessel which picked them up said Tuesday. A helicopter from the US-based fishing vessel "Ocean Encounter" spotted a 22-foot boat drifting near Nauru in the central Pacific on Sunday. Seven men were onboard and told "Ocean Encounter" captain Ben ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook