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A modern development to fit a modern lifestyle
Modern Living, The Philippines Star
Saturday,February 25, 2006
A modern development to fit a modern lifestyle
Cypress Towers, a modern living enclave, a compound of three 20-story condominium towers on a two-hectare prime lot in Taguig City is another offering from ---and a first for--- DMCI Homes, renowned builder of resort-type housing communities.
With its high-rise structure and modern architecture, Cypress Towers marks the very first time that DMCI Homes veers away from the usual mid-rise condos and their theme designs that it is associated with. It will carry a modern contemporary architectural look that will predominantly utilize steel, stone slates and glass to provide, according to DMCI Homes head architect Rina Soriano, “a piece of modern haven for city dwellers.”
The newest of the DMCI Homes’ developments reflects the company’s dynamism and openness to change.
“Our company is a very dynamic group,” says Rey Salazar, the firm’s marketing director. “We’re always ready to explore possibilities and opportunities. Creating Cypress Towers only indicates that we’re really moving forward to address the growing needs for’best’ homes as well as offer urbanites more housing alternatives to fit their lifestyles.”
Modern abode Cypress Towers model unit gives buyers an idea of
how to maximize living spaces
YUPPIES’ PIECE OF PARADISE
As it is targeting a particular segment of the urban market, Cypress Towers’ meticulous planning has come up with a purposeful color coordination. “Colors such as blue, green, and grey will be very evident in the towers as they blend with the basic materials for each building,” Soriano explains. “In color psychology, these hues represent power, success, and confidence, qualities that may very well speak for the general character of the prospective homeowners at Cypress Towers.”
A modern living enclave: Artists's rendition
of DMCI Homes' Cypress Tower
Located along C-5 just across Global City and only minutes away from Makati, The Fort, and Ortigas, Cypress Towers is actually part of DMCI Homes’ flagship community in Taguig that is available at a price range of from P2million to P4million per unit.
It comes as one of the sub-communities to be found in this master-planned community along with Mahogany Place and two other projects that will be launched soon as well. Cypress Towers will have approximately a total of 753 units, each carrying the standard two bedrooms laid out on a floor area of 48 sq.m., just perfect for the success-driven, young urban professionals. Those opting for a bigger space, Soriano says, may decide on a tandem unit which is basically equivalent to two units. For extreme mobility and convenience, two elevators and a reception lobby will service each of Cypress’ three towers. To address parking concerns, five levels of the central tower will be appropriated for this purpose.
RESORT-TYPE AMENITIES
Though Cypress breaks the usual DMCI Homes’ building mold ---mid-rise condos and themed architectural designs--- it retains the company’s distinctive features of resort-type amenities so well-integrated with each of its housing projects.
Cypress Towers will provide its homeowners with top-of-the-line resort amenities and features with the podium park at the fifth floor of the central tower as the central structure, where fitness buffs may work out in a gym or where unit residents may meet up and entertain their guests and friends at the lounge area. The area also includes KTV rooms and separate function rooms as well as an indoor playground for kids.
There’s more fun and relaxation to be had on the ground floor of the central tower, where a lap pool and kiddie pools beckon. And outside the three principal buildings, there are jogging paths to pound and secret gardens to appreciate and meditate in.
Urban sense a bedroom at Cypress Towers
exhibits modern elegance
MODERN COMFORTS
Upon entering any of Cypress Towers’ buildings, residents and their guests will find a lobby with front-desk services ready to do their bidding.
Communications will never be a problem for them. Each condo unit is fed into Internet connectivity and ready telephone lines while the common activity areas are furnished with Wireless Fidelity connection.
For security, guards will roam the whole area 24-hours round-the-clock in addition to the high-tech perimeter fence security system.
Cypress Towers , indeed, embodies DMCI Homes’ winning combination of quality, location and cost. It ultimately defines, Salazar says, what city living should be. “Unbelievably affordable and yet complete with the trappings of a high-priced residential tower, it is definitely a gem of a housing package delivering everything that one looks for in modern living---style comfort and quality.”
Facilities for fun games at the Podium Park
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A Shade of Bali
Raya Garden defines Asian Motif
Space, The Manila Bulletin
Thursday, March 18, 2006
Two groups of young and gifted interior designers are now working on the Balinese-inspired design of the model units of the recently-launched Raya Garden Residences, another resort-type development project of DMCI Homes.
One of them is the Espazio design team composed of three young interior designers, the same acclaimed group which has done the interior designs of famous five-star hotels abroad and high-profile offices across the country.
“Doing the design for Raya Garden’s three-bedroom unit is a dream project come true,” said Doods Dunca, one of the interior designers. “Through this work, we hope to find creative fulfillment for the three of us. We’ve done renowned hotels abroad in the past but since we are only junior partners in our firm, we could not claim singular credit for it.”
Having done the interiors of an international hotel in Bali, the group, according to Dunca, is not new in the interpretation of the modern concept of the Balinese design. Though the talented trio will follow the ideals of Balinese architecture in the design, Dunca explained that they won’t go overboard with it.
“The furniture and accent pieces that we’re going to use don’t have to be necessarily Balinese,” he said.
With an eye to pleasing the target buyers, generally chic young couples, the Espazio design team envisions executing a comfortable, stylish three-bedroom unit distinguished by an eclectic and contemporary Asian motif and highlighted by finely-chosen pieces to be sourced locally and abroad.
MASTER'S BEDROOM
Master's Bedroom
The master’s bedroom, Dunca said, will carry a more luxurious and modern look as typified by plush bed covers and accent pillows. Two-toned silk drapes in shapes of beige and olive cover the windows which open up to a commanding view of Raya Garden’s resort-type structures and facilities.
A Plafonier chandelier adorning the ceiling will provide seemingly ethereal illumination conducive to quiet and relaxing moments inside the bedroom. Mahogany lampshades will be placed on top of two side tables for additional lighting.
To be placed on the opposite ends of the bed’s headboard doubling up as a built-in cabinet are two carefully-arranged Nyatoh wood panels that are major features of most Balinese houses.
There’s also a reading corner inside the bedroom to be taken up by a lounge chair and a wooden side table with large pillos for accent and comfort.
LIVING AND DINING AREAS
Living Room
The living room, Dunca said, will showcase a mix of traditional and contemporary Asian, modern and art deco furniture.
A silver grey Chenille loveseat and a molave rocking chair alongside it will be placed in the guest area.
“What we want to tell in our design is that one doesn’t have to exhaust his bank account or splurge on new pieces to be able to come up with a classy interior,” said dunca. “Mixing old and new furniture can create an experimental yet classy home.”
With neutral color as base for the living room walls that will be accented by two Indonesian display stands, a built-in capiz panel, Dunca said, will be added in the area as well.
An intricately-carved Balinese consul table to hold travel memorabilia, artifacts or favorite photographs will find pride of place under the panel.
Contributing to the overall eclectic, contemporary Asian motif are a local molave coffee table, a weave of Asian-Persian carpet and a carved Balinese shade hook.
The same design principle richly interpreted in the living room will extend to the dining area whose centerpiece furniture will be provided by an elegant, six-seater dining table also made of molave.
Four patterned chairs in the same color as the background walls of the two Indonesian stands, two antique red-wood Chinese chairs and a candle chandelier complete the eclectic, Asian contemporary look.
MEDITATION ROOM
For those inclined toward spiritual pursuits, one of the other two bedrooms in the unit will be converted into a meditation room.
Walls here, Dunca described, will be painted in warm tones save for one which will be done in turquoise.
This room will use mostly natural ornaments reminiscent of a ‘bale’ in an Indonesian prime resort.
We want to bring in here the outdoor feel of the development’s lush gardens so that the feeling of oneness with nature, which one gets all around Raya Garden, is ustained even inside the
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Glass. Steel. Stone.
Position. Power. Success.
Cypress Tower, a sleek and
contemporary high-rise enclave that
befits your status in life.
Indoor and Al Fresco Dining
Owning a residence at The Manors
is like gaining your very own luxury estate.
With automatic membership to the exclusive
Celebrity Sports Club,
your residential masterpiece lies
in the center of everything.
Exclusive Sports Club
Internet Business Center
Splash Pools/Water Slides
Swimming Pool
Bowling Center
Basketball Court
Archery Court
Jogging Path
Billiards Hall
Spa/Sauna
Aerobics and Dance Hall
Fitness Gym
Grand Ballroom, Function Rooms, Boardrooms
4-storey condominium buildings
Single loaded corridors for natural
lighting and ventilation
Individual drying areas at the roofdeck
Guarded main entrance
Perimeter fence
Round-the-clock secuirty
Park and gardens
Standard Condo Unit
2 Bedrooms
1 Toilet & Bath
Dining and Living Area
Balcony at some units
Kitchen
Drying Area at Roofdeck
Pool and Deck
Parks and Playgrounds
Gazebos
Jogginh Paths
Podium Park
View Deck
Badminton court
Fitness Gym
Gameroom with billiards, table tennis, darts and entertainment center
High-tech security perimeter fence
Hotel-like lobby and reception area
3 levels of parking area
Fully-equipped service elevators
Intercom Facility in all units
Internet,cable and telephone ready connectivity in all units
Individual unit's drying area at the roof deck
Individual mailboxes with key
Fire alarm system
Standard Condo Unit
2 Bedrooms
Balcony
1 Toilet & Bath
Dining and Living Area
Kitchen
Drying Area at Roofdeck
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Your Leisure Gateway to the Pacific, an island country lies in the heart of Southeast Asia , situated across the Western Pacific and South China Sea . Its 7,107 islands is definitely a haven for most tourists and a melting pot of eastern spices and western savors. With its powdery white beaches to its lush mountain landscapes that are greatly enjoyed with a tropical climate, it has indeed proven its worth to be one of the best destinations in the world. Deep-rooted in its rich tradition and colorful heritage, its culture reflects a mixture of Spanish, American and Malay heritage.
Perhaps to some who have yet to discover the beauty of the Philippines, it is merely described as the Best English speaking country in Asia but to those who have already stepped on its shores and have been greeted MABUHAY have made this country a home away from home.These attractions are just reflective of but a minute fraction of the country's beauty, as it is in its people, in the personal interaction itself, that one can truly appreciate the exquisiteness of this truly unique Asian experience.
Philippines News
The Philippines' premiere capital, Manila is considered the political, economic, and cultural center of the country. >>more
The largest island in the Philippines , Luzon is a mountainous region, rich in panoramic views and green landscapes with vast waters. >>more
The Visayas is a group of islands between Luzon and Mindanao . The main islands are Samar, Panay, Negros, Cebu and Leyte, the latter famous. >>more
The southernmost region of the Republic of the Philippines, Mindanao has become a "gateway to opportunity" for Philippine and internationa
The Philippines ' premiere capital, Manila is considered the political, economic, and cultural center of the country.
In the old Manila area, one can visit the Malacañang Palace, the official residence of the Philippine President, and the Walled City in Intramuros, which used to be the seat of the Spanish colonial government in the country.
Makati City is also a great place to stop by. Being the financial capital of the country, it houses the country's best companies and the booming call center industry spread across the skyscrapers along Ayala Avenue. Ortigas Center,
llocated at the boundary where Mandaluyong City, Pasig City, and Quezon Citymeet is another fast-developing com-mercial and business center.
It is also known for its glittery nightlife. After office hours, crowds converge in the city's lively joints bars, bistros, watering holes, restaurants, music lounges, ballroom dancing clubs and cafes.
These areas come alive after dark to the tune of different music: folk, country, pop, rock, live jazz or Broadway classi-cal. Filipino musicians are among the best in Asia , earning for Metro Manila the title Asia 's entertainment capital.
Like the words of a famous song, one will surely treasure the unforgettable Manila experience, a place where business and pleasure meets.
Interesting Places In Metro Manila
RIZAL PARK
BAYWALK
BOARDWALK
CCP GROUND
INTRAMUROS
THE FORT
AMERICAN CEMETERY
GREENBELT AREA
EASTWOOD
TOMAS MORATO
ALABANG TOWN CENTER
GREENHILLS
ORTIGAS CBD
MAKATI CBD
MALACANANG PALACE
NATIONAL MUSEUM
MALATE DISTRICT
STAR CITY
GATEWAY MALL
THE MEGAMALL
SM MALL OF ASIA
THE AYALA MUSEUM
ROCKWELL PLACE
Metro Manila has numerous resort facilities that will cater to everyone's interests. From water parks to exhilarating rides at Star City Complex, number of spa dotted along Manila's major thoroughfares and Golf Courses within the metropolis.
The main feature for most manila resorts are outdoor pools for one’s swimming pleasure, meeting rooms for private functions, business center services, a fitness center, a souvenir shop for keepsakes.
Amuzement Parks and Resorts in Metro Manila
Gubat Sa Siyudad - A waterslide theme park at northeastern part of Metropolitan Manila in Novaliches, Quezon City District
The Hotel Philippine Plaza - Set among tropical gardens beside the bay, artfully combines the best features of a business hotel and resort.
Star City Complex - Theme park along CCP main ground, Roxas Blvd, Manila is a Disneylandlike themepark that offer numerous ride attractions, musical plays, concerts, shopping and dining facilities. The park features a fully airconditioned indoor rides as well as outdoor attractions.
EuroStar Carnival - Theme park along Fort Bonifacio Global City in Taguig near Makati Central Business District is the newest ride attractions but smaller compared to Star City Complex
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$451.3 Billion (2005)
INT'L AIRPORT FLIGHT SERVICES INFO
Subic Bay International Airport: >view info
Cebu Pacific (Manila)
CR Airways (Hong Kong)
Mandarin Airlines (Taipei)
South East Asian Airlines (clark [seasonal] )
Manila (seasonal)
Diosdado Macapagal Int'l Airport -Clark: >view info
Air Asia (Kota Kinabalu, Kuala Lumpur)
Asiana Airlines (Seoul-Incheon)
CR Airways (Hong Kong)
Far Eat Transport (Hong Kong)
South East Asian Airlines (Caticlan, Manila, Subic Bay [seasonal] )
Tiger Airways ( Singapore)
Laoag International Airport: >view info
Asian Spirit (Manila)
China Southern Airlines (Taipei-Chiang Kai-shek)
Ninoy Aquino Int'll Airport -Manila: >view info
Terminal 1 Main International Terminal-serves 25 Airlines
Terminal 2 Centennial - 2 Airlines (PAL & Air Philippines)
Terminal 3 This terminal is set to open in mid-2006.
and will start serving 3 airlines with Cebu Pacific, Air Philippines and Jetstar Asia Airways
Mactan Cebu International Wing: >view info
Asiana Airlines (Seoul-Incheon)
Cathay Pacific (Hong Kong)
Malaysia Airlines (Kuala Lumpur, Kota Kinabalu)
Mandarin Airlines (Taipei-Chiang Kai Shek)
Philippine Airlines (Seoul-Incheon, Tokyo-Narita)
Qatar Airways (Doha, Singapore)
Silkair (Singapore)
Davao International Airport: >view info
Air Philippines (Cebu, Manila)
Asian Spirit (Koror, Manila)
Cebu Pacific (Cebu, Manila, Zamboanga)
Merpati Nusantara Airlines (Manado)
Philippine Airlines (Manila)
SilkAir (Singapore)
Zamboanga International Airport: >view info
Air Philippines (Manila, Cebu)
Asian Spirit (Sandakan (planned))
Cebu Pacific (Cebu, Davao, Manila)
Philippine Airlines (Manila)
South East Asian Airlines
(Bongao, Cotabato, Jolo, Sandakan[seasonal])
GETTING THERE
Manila, Cebu, Davao, Clark, Subic, and Laoag are the international gateways. The Ninoy Aquino International Airport (NAIA) in Manila is the premier gateway. It is served by more than 30 airlines which fly to different cities around the world. The Mactan International Airport (MIA) in Cebu handles regular flights from Japan, Singapore and Australia as well as chartered flights from Hong Kong, the United States and other major travel capitals. Davao International Airport handles regular flights from Indonesia and Singapore. The Diosdado Macapagal International Airport and Subic airfield in Central Luzon service both chartered and cargo planes. Laoag International Airport in Ilocos Norte services regular flights from Taiwan and Macau.
Philippine Airlines, the country's flag carrier, links Manila to 14 cities in 8 countries. Major cruise liners call on the port of Manila.
The southernmost region of the Republic of the Philippines , Mindanao has become a "gateway to opportunity" for Philippine and international investors eyeing opportunities in agribusiness, industry, and tourism.
Mindanao is also a nature lover's paradise: Tiny Camiguin isle enchants with its white sand islands and volcanic chains. Zamboanga has pink sand beaches for beach-lover and rolling greens for the golf enthusiast. Davao 's caves promise adventure for spelunkers; in this land of fruits and flowers, parklands are planted with groves of durian, rambutan and other exotic tropical fruit trees, interspersed with tropical
blooms and exotic orchids. Cotabato's pineapple plantations and Bukidnon's citrus farms delight with nature's freshest harvests.
The adventurous travel would probably wish to conquer Mindanao 's vast mountain wilderness or explore the many forests and wildlife reserves. Mt. Apo in Davao del Sur is the country's highest peak. Climbers are trekkers will find on its slopes forests exotic flora, steaming geysers, rainwater lakes, swift flowing rivers and cascading waterfalls; and at its base, Mount Apo Science Foundation, an agricultural institution surrounded by woodlands ideal for bird-watching.
A plethora of water falls awaits the visitor to Lanao del Norte. Its provincial capital, Iligan, is home to the legendary Maria Cristina Falls , 100 feet higher than the awesome of Niagara . It has many natural attractions, rich flora and fauna, cultural diversity, and colorful ethnic festivals which make Mindanao one of the most exciting tourist destinations in Southeast Asia .
Interesting Places In Mindanao
CAGAYAN DE ORO
SIARGAO
BUKIDNON
ZAMBOANGA
DAKAK BEACH
DAPITAN RIZAL SHRINE
LAKE SEBU
TURTLE ISLANDS
GEN SANTOS CITY
DOLE PLANTATION
MOUNT APO
GARDEN CITY OF SAMAL
DAVAO CITY
MARIA CRISTINA FALLS
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The largest island in the Philippines, Luzon is a mountainous region, rich in panoramic views and green landscapes with vast waters surrounding it.
To enjoy the mountains, one can go to Baguio City. An unusual and unlike the rest of the tourist spots in the country because of its pine trees and cool temperature, it is the nearest thing the Philippines has to a mountain retreat, making it easy to understand why the city was chosen as the country’s summer capital. Nestled deep in the Cordilleras is Banaue. The home of the famous Banaue rice terraces, which to many is considered as the 8th wonder of the world, carved from the mountain ranges centuries ago by the Ifugao tribe.
Luzon is also an ideal place for those who love the waters. One may opt to thread the dive resorts for a water adventure filled day. La Union in the north is a popular surfing destination in the Philippines. Apart from surfing, scuba diving and snorkeling are other options for an enjoyable trip in Luzon especially in the outlying islands of Anilao, Ligpo, Bonito, Sombrero and Maricaban in Batangas in the south.
Subic Bay in Central Luzon host of some of the country's remaining virgin forests and a sanctuary for wild animals. There you can find Ocean Adventure, South East Asia's only open marine water parks with false whales, dolphins and sea lions shows. Adjacent nearby is Zoobic Safari which will amuse everyone in a wild African safari adventure.
On the other side of Luzon, an island extends across the South China Sea towards the Philippines last frontier -Palawan. There you can explore the subterranean caverns of St. Paul river which is 8km long (4km navigable by boat), dive the depths of Tubbatha marine reserve or go on an African safari in the island of Calauit.
Luzon is definitely a marvellous place to visit.
Interesting Places In Luzon
BATANES ISLANDS
LAOAG SAND DUNES
CAGAYAN VALLEY
BANAUE RICE TERRACES
MOUNT PULAG
VIGAN HERITAGE
BAGUIO CITY
HUNDRED ISLANDS
MOUNT PINATUBO
CLARK FIELD
SUBIC BAY
MOUNT SAMAT
CORREGIDOR
LOS BAñOS HOT SPRINGS
MOUNT MAKILING
PAGSANJAN FALLS
TAAL LAKE
TAGAYTAY HIGHLANDS
PUERTO GALERA
TUBATHA REEF
CALAUIT AFRICAN SAFARI
ST. PAUL SUBTERRANEAN RIVER
CORON BAY
CARAMOAN PENINSULA
MOUNT MAYON
DONSOL
The Visayas is a group of islands between Luzon and Mindanao . The main islands are Samar , Panay , Negros , Cebu, Bohol and Leyte , the latter famous as the island first sighted by the Spanish explorer Ferdinand Magellan in the 16th century and as the landing point for the American liberation forces in 1944.
Travel back in time through the quaint towns of Iloilo , with its centuries-old churches, period houses, hand-embroidered and hand-loomed fabrics, and peaceful, windswept beaches. Traipse through the sugarcane fields of Negros Occidental, once the sugar capital of Asia , or tree off on a golfer's holiday in greens nestled among the cane plantations. Marvel at the Chocolate Hills of
Bohol ; then walk through man-made forests, home of the endangered tarsier, the world's oldest insect eating mammal.
In Cebu, Boom City of the South, you can go on a cultural tour of the many scenic attractions of the historic province, hunts for bargains in handicrafts, preserved foods and guitars, or delve into the roots of this oldest Spanish settlement in the country.
Kalibo in Aklan is also the jump-off point to the famous island paradise of Boracay, known for its acclaimed four-kilometer stretch of powder-fine white sand. While enjoying the heat of the sun, it is best to undertake a pleasurable visit to Mandala Spa which is considered as one of the finest Asian destination spas, and indulge in it's award-winning holistic spa therapies in a safe and exclusive tropical sanctuary. Truly a gratifying luxury to rejuvenate body, mind and soul.
Like the emerald jewels scattered in the warm seas of the Philippines, the islands of the Visayas beckon with the allure of sun, sea and sand - ideal settings for island-hopping vacations and let yourselves experience its modern-day pursuits while uncovering the past.
Interesting Places In Visayas
BORACAY
MOUNT KANLAON
ROXAS MUSEUM
MACTAN ISLAND
CEBU CITY
KAWASAN FALLS
CHOCOLATE HILLS
LEYTE LANDING
SAN JUANICO BRIDGE
SIQUIJOR
GUIMARAS ISLAND
BANTAYAN ISLAND
MACTAN BRIDGE
PANGLAO BEACH
CAMIGUIN
BALICASAG
MALAPASCUA
APO ISLAND
OLANGO ISLAND
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"A Beautiful Life in a Cosmopolitan Community that will be the New Face
of Chinatown"
The biggest property developer of the country is joining hands with you
to create a bright future
To create a new image for Chinatown, to make it the new tourist
destination in Manila. Introducing Cityplace. It has 5 components: Chinatown
Walk, Lucky Plaza shopping mall, Cityplace Richmonde Hotel, 8 Cityplace
residential towers and offices. Altogether, they will form a new
landmark in Manila.
Megaworld Corporation is recognized as The Best Management Company by
Finance Asia in 2006 and The Best Company of the Year by Euromoney in
2005. A professional organization, Megaworld is full of ideas and will do
its best to beautify Chinatown. With Cityplace, Divisoria and Chinatown
are now linked together.
CITYPLACE - The only project that could lay claim to be INSIDE BINONDO
and WOULD BEAUTIFY IT. Another project by the creators of Eastwood and
Newport Cities - Megaworld Corporation.
Megaworld Corporation:
Chairman - Andrew Tan
Vice Chairman - George Yang (McDonald's)
We're currently preselling Phase 1 Tower A & B Condo Units:
Tower A:
4 bedroom - 168 square meters
3 bedroom - 148.5 and 138 square meters
Tower B:
2 bedroom - 88, 75, and 72 square meters
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For the independent spirit, Studio One offers compact studio units in the heart of the Northgate Cyberzone information technology park, amidst outsourcing firms and I.T. companies. It’s the practical choice for yuppies in the Alabang area who want to live close to their workplace and recreational centers.
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Finally, a place that fits you perfectly.
Its exact location in NorthGate Cyberzone is along IndoChina drive . Its on the left side of Plaza C ( APAC building ) and the u/c Plaza D building . The construction site is now fenced and sooner construction activity will commence
Introducing Studio One, a place that you can call your own that will stand for everything about you and your future.
Where dependence stops and self-fulfillment begins, where hassles are forgotten and new freedoms are embraced. Live in your own place, at your own pace!
Buying your own unit at Studio One is actually more affordable than renting a place at a nearby alternative.
Plus, living this close to work, the malls and everything else means big savings for you on gas, toll and other commuting expenses.
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LOCATION :
Less Traffic. More Time.
Studio One is located right in the bustling heart of Filinvest Corporate City. This means having everything you'll ever need within your reach.
Imagine living just a few paces away from the call centers, Westgate Center, Festival Supermall, St. Jerome Church and Palms Country Club.
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Living this close means less time for you to be stuck in traffic, more time for yourself and the things you want to do!
Studio One living frees up more of your money for shopping, gimmicks and all the other things you'd rather be spending on!
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FEATURES and AMENITIES
Amenities
Reception Counter
2 Passenger Elevators
Multi-Purpose Hall
Work-Out Room
Cafeteria / Mess Hall
Centralized mail room
Stand-by Generator Set
24-hr Security Center
Sprinklers with automatic smoke and heat detector
Administration Office
Overhead water tank
Cistern
UNITS
Less Conformity. More Freedom.
Having your own unit at Studio One opens up endless possibilities for you!
No more midnight curfews or finding a way to get home late at night for you to worry about and none of the other troubles that come with living somewhere else.
Having your own Studio One unit means having independence, freedom and a chance for you to enjoy the lifestyle you want.
More gimmicks, more fun and more life! Live in your own place, at your own pace!
MODEL UNITS / PERSPECTIVE :
Units
All Dormitelle units shall have its own private toilet and bath, a kitchenette with sink and countertop, provisions for window-type airconditioner, telephone
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Megaworld to put up P7.2-B mixed-use complex in Binondo
by Zinnia B. Dela Peña
The Philippine Star - 06/09/2006
Upscale real estate developer Megaworld Corp. has signed a deal with the city government of Manila to develop a 4.6-hectare property in the Binondo district into a mixed-use project estimated to cost P7.2 billion. This marks Megaworld’s first venture in Manila.
In a disclosure to the Philippine Stock Exchange, Megaworld said the first parcel of land will be developed into a modern educational complex comprising six school buildings and 414 residential units for public school teachers and non-teaching personnel of the Manila City government.
The second parcel is intended for a self-contained residential community to be called Cityplace, which will comprise more than 1,700 residential condominium units, a shopping center, office space for business process outsourcing (BPO) firms and a boutique hotel for business travelers.
The hotel, along with a centerpiece promenade accessible to residents and open to the public, is envisioned to help establish Binondo, Chinatown as an important tourist destination.
Development of the whole project is expected to be completed over a five-year period.
The educational complex is slated for completion in 2007 while the residential units are due in 2011.
Megaworld chairman and president Andrew Tan said the project will be the largest real estate development in Manila over the past 25 years. It will also pay tribute to Binondo Chinatown as a melting pot of Malay, Spanish and Chinese influences.
"Our plans for this themed development include creating new green parks for the benefit of people living and working in Binondo, constructing a public car parking facility and building new by-pass roads and pedestrian overpasses to make the project environment and pedestrian-friendly.
We have pioneered in urban renewal and redevelopment in Metro Manila’s key cities such as Makati, Quezon City and Mandaluyong City and we intend to put this expertise to energize Binondo Chinatown and take it to the next level as Manila’s premier growth center to help move the country forward," Tan said.
Megaworld Corp. is setting aside P47 billion over a 10-year period for the development of new residential projects, office buildings for BPOs, and retail outlets.
Around P20 billion of the programmed capital budget will be channelled to the construction of office buildings catering to the needs of call center companies or BPO firms and the acquisition of additional properties to expand rental income.
To take advantage of the continued robust growth of the call center business, Megaworld will build around 400,000 square meters of BPO-ready office space over the next five years in Eastwood City, Mckinley Hill and Newport City.
For this year, Megaworld is building two call center buildings. Once completed, these structures would raise the company’s BPO leasable space to 105,000 square meters.
Among the big-ticket township or residential projects of the company include the 50-hectare McKinley Hill in Bonifacio Global City, the 25-hectare Newport City near the Villamor golf course in Pasay City, and Manhattan Garden City in Araneta Center, Cubao.
These projects combined require total investments of $787 million (roughly P40.14 billion).
Of the $787 million, $350 million will go to the development of Mckinley Hill, Newport City ($300 million), and Manhattan ($137 million).
Other projects slated for completion this year up to 2008 are The Eastwood Excelsior, One Orchard Road, the Grand Eastwood Palazzo and the Eastwood Parkview. The Eastwood Excelsior is a twin-tower residential condominium building while Parkview is a Miami-style twin tower residential-cum-mall development.
Apart from property development, Megaworld is also into hotel operations through Prestige Hotels & Resorts Inc., a subsidiary which operates the Richmonde Hotel in the Ortigas Center.
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Megaworld Enters into a Joint Venture Memorandum of Agreement with the Manila City Government
Under a master plan drawn up by Megaworld Corporation, the first parcel of land will be redeveloped into a modern educational complex comprising six school buildings specially equipped with an English language proficiency center. The school buildings will be complemented by a housing project with a total of 414 residential units intended by the Manila City Government for public school teachers and other non-teaching personnel. The educational complex is primarily designed to provide an environment conducive to learning. It will also host retail space intended for various providers of food and school supplies in addition to sports amenities and parks and playgrounds.
The second parcel of land, on the other hand, will give rise to a self-contained residential condominium community called Cityplace. In addition to more than 1,700 residential condominium units, Cityplace will feature a shopping center with BPO-ready office space and a botique hotel for business travelers. The hotel, along with a centerpiece promenade accessible to residents and open to the public, is envisioned to help establish Binondo Chinatown as an important tourist destination.
The cityplace project will pay tribute to Binondo Chinatown as a melting pot of Malay, Spanish and Chinese influences. According to Megaworld Chairman and President Andrew L. Tan: Megaworld is proud to undertake this urban renewal project in the heart of Binondo Chinatown as it is the largest real estate development in Manila in the last 25 years. Cityplace is our way of helping preserve and enhance the rich history of Binondo Chinatown and its multiracial and multicultural heritage. Our plans for this themed development include creating new green parks for the benefit of people living and working in Binondo, constructing a public car parking facility and building new by-pass roads and pedestrian overpasses to make the project environment-and pedestrian-friendly. We have pioneered in urban renewal and redevelopment in Metro Manila's key cities such as Makati, Quezon City and Mandaluyong City, and we intend to put this expertise to work to energize Binondo Chinatown and take it to the next level as Manila's premier growth center to help move the country forward.
CITY OF MANILA, MEGAWORLD TEAM UP IN BINONDO PROJECT
Megaworld Corporation has signed a joint venture memorandum of agreement with the Manila City Government for the development of two parcels of land totaling 4.6 hectares in Binondo Chinatown.
Under a master plan drawn up by Megaworld Corporation, the first parcel of land will be redeveloped into a modern educational complex comprising six school buildings specially equipped with an English language proficiency center. The school buildings will be complemented by a housing project with a total of 414 residential units intended by the Manila City Government for public school teachers and other non-teaching personnel. The educational complex is primarily designed to provide an environment conducive to learning. It will also host retail space intended for various providers of food and school supplies in addition to sports amenities and parks and playgrounds.
The second parcel of land, on the other hand, will give rise to a self-contained residential condominium community called Cityplace. In addition to more than 1,700 residential condominium units, Cityplace will feature a shopping center with BPO-ready office space and a boutique hotel for business travelers. The hotel, along with a centerpiece promenade accessible to residents and open to the public, is envisioned to help establish Binondo Chinatown as an important tourist destination.
The Cityplace project, to be developed at a total cost of P7.2 billion, will pay tribute to Binondo Chinatown as a melting pot of Malay, Spanish and Chinese influences.
According to Megaworld Chairman and President Andrew L. Tan: "Megaworld is proud to undertake this urban renewal project in the heart of Binondo Chinatown as it is the largest real estate development in Manila in the last 25 years. Cityplace is our way of helping preserve and enhance the rich history of Binondo Chinatown and its multiracial and multicultural heritage. Our plans for this themed development include creating new green parks for the benefit of people living and working in Binondo, constructing a public car parking facility and building new by-pass roads and pedestrian overpasses to make the project environment- and pedestrian-friendly. We have pioneered in urban renewal and redevelopment in Metro Manila’s key cities such as Makati, Quezon City and Mandaluyong City, and we intend to put this expertise to work to energize Binondo Chinatown and take it to the next level as Manila’s premier growth center to help move the country forward."
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DRAQ Posted: Aug 6 2006, 09:15 AM
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You have some key assumptions:
1) That the property market is currently driven by ofw
2) The ofw's will be coming back due to econmic realignment
3) Property values will collapse due to widespread selling of ofw property
The current property market is much more diverse than what you see in papers and is driven by ofw's and more importantly by fundamental growth. You see a lot of properties being sold to the market abroad what you don't see is the tens of thousands of units to house people here. There is a huge gap in homes right now this is actually bigger than the flashier projects that you see abroad.
The Economic realignment matters to certain segments of the ofw market. For most people in the US they seldom have plans of coming back and re actually more prone to this but for maids in italy and Hk this does not matter, for construction workers in the middle east this does not matter, for seamen this does not matter. Their reality is that they are programed to come home after their contract ends in 2 , 5 etc years till they get another contract and hence this kind of globalized flexible labor is actually much less exposed tothe outsourcing type trends certain ofw/migrant sectors are exposed to.
Depends which sector of the Property market, prices here for most living facilities are not high at all on an absolute worldwide and relative basis. There are high prices for the newer projects and remains to be seen if they can be sustained but current property prices are still lower than 96/96 prices in general , I speak of accross the property spectrum of course but still this does temper, residential and condos in general.
You say that my one of my assumption is bulk of investors are ofw's, but that is what you are saying as well. What am simply saying is when there's actually no jobs overseas from PI to go to. Maybe it will not become a reality but what I'm trying to say, it may come to a point that even us here in the US will be forced to get the very jobs that ofw workers now have. This is probably a very pessimistic view and you can go on and on that states , europe whatever prime country will reinvent their wheels to create new jobs for the locals. But, darn it, in the name of profit, cost-cutting for every little thing that is made there may not be a light at the end of the tunnel. So, if people here don't have any freaking jobs, they take the same low paying jobs or even go back to PI to take even lower paying jobs(no matter what you say that standard of living is much lower, they way we spend money sometimes is like there is no tomorrow). Also, even the very local companies will be in a cut-throat competition to provide the best possible cost to their clients, the way that it is happening here tha,t at some point, even home-grown jobs there will not pay decent money to afford you that swell life with a condo in Makati or Ortigas.
Marites, re has that tendency to double in price. That's just its nature lately when economy is going well, and it seems so for the moment. Hopefully it stays that way. But, no matter how confusing my explanation is, hope you get my drift when the jobs that people rely on, be them overseas or local ones(that like it or not will still have an influence from the global economy, especially the super powers), then where will the re demand come from. How are you going to live comfortably having to pay your monthly fees? Then, it's like you gonna have to scale down again, sell, and move the boondocks. I'm debating the worst case scenario here....The trend it seems these days that only the big honcho executives at the top of the ladder make a lethal killing at the expense of the majority. Most of us will be left in the dust thinking where did that good life go, what the hell do you do now. People are getting as corrupt as ever wherever you go. THere's no such thing as conscience any longer, nothing deserves loyalty any more.
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DRAQ Posted: Aug 6 2006, 10:45 AM
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Newest arena for developers is Bonifacio Global City
By Tessa R. Salazar
Inquirer
IN LESS THAN TWO YEARS, the selling price of commercial land of Bonifacio Global City has gone up from just P50,000 per square meter in 2004 to P132,000 today. Compare this to prime lands in the Makati CBD, estimated to have posted a 15 percent year-on-year increase in 2005, to an average of P216,632 per sq m, as reported in the property indicator of Colliers International Philippines in January 2006.
In two years, new concepts in development have emerged in Bonifacio Global City, and so have large-scale residential developments with quality and design comparable to the condos in Makati CBD and the Rockwell. A total of 83 completed, ongoing and about-to-be-constructed buildings can now be found in Bonifacio Global City.
Jun V. Bisnar, head for commercial operations of Fort Bonifacio Development Corp., said that based on industry estimates last year, 40 percent of the total new condominium supply projects in Metro Manila is being developed in the Bonifacio Global City. FBDC is the principal developer of Bonifacio Global City. Bisnar added that the FBDC is spending more than P2 billion for the redevelopment of the Bonifacio Global City's master plan of the City Center and other projects.
Battleground for developers
A significant update in the real estate scenario is Bonifacio Global City becoming the burgeoning battleground for developers such as Robinsons, Century Properties, G&W, Philtown Properties (an RFM Subsidiary), Megaworld Corp. and Ayala Land Inc. (ALI).
Insofar as ALI is concerned, its projects have no equal in terms of magnitude.
ALI developments include Market! Market!, a 10-hectare retail complex; Serendra, the biggest residential complex at 12 hectares boasting of 50 percent open space; and ALI's office building projects with the FBDC.
Of the 240 hectares comprising Bonifacio Global City, 137 hectares are owned and developed by FBDC. FBDC is 55 percent controlled by Bonifacio Land Corp. BLC is majority owned by Ayala Land Inc. and Evergreen Holdings Inc.
Ninety-three hectares belong to the Bases Conversion Development Authority (BCDA), while the remaining 10 hectares are controlled by Metrobank.
Showdown
But for Megaworld, it's in the thick of a showdown with ALI.
Megaworld's projects include McKinley Hill, a 50-hectare master-planned community located in Fort Bonifacio but is not within the main Bonifacio Global City development.
ERA Philippines country president and CEO Eric Soriano said the heavyweight developers are ALI and Megaworld as their strategic focus is on building mixed-use developments much like clustered city centers in one burgeoning CBD.
Noli Hernandez, Megaworld vice president for marketing, stressed that McKinley Hill in Fort Bonifacio which covers 50 hectares is a self-contained master-planned community with a garden setting.
These include single-detached luxury homes, townhouses, four-story residential garden villas, high-rise condominiums, schools and universities, campus-type office buildings, shopping centers, a public museum and library, a community center and sports club.
Hernandez said Megaworld's five-hectare Forbes Town Center development in Global City sits on "very prime property" that covers almost half a kilometer of golf course views.
The Forbes Town Road will house more than a hundred high-end shops, restaurants and coffee shops lining the road.
Existing buildings
Existing residential buildings at the Bonifacio Global City include Bonifacio Ridge, One McKinley Place, Regent Parkway, Penhurst Parkplace, Pacific Plaza, and Essensa while the ongoing residential projects include Kensington Place, Fairways Tower, South of Market, Forbestown, Fifth Avenue Place, and Serendra.
Existing office buildings are Bonifacio Technology Center, Net One, Net Square, and the Fort 26th St. The Fort Square has upscale fine-dining restaurants while The Car Plaza has Mercedes-Benz/CATS' showroom, Ford, Mancor service center and other autoshops. There are other commercial buildings and six upscale and international schools.
The St. Lukes Medical Center, which started construction last year, will house 600 beds and 366 doctors' offices.
BGC lies on the Guadalupe Plateau that has a competent and solid bedrock ideal for urban development and building construction.
Elevated in comparison to other areas in Metro Manila, its highest point is at 40 meters above sea level.
Lessons learned from CBDs
Bisnar said lessons in traffic management, pedestrians, green spaces and clean air learned from years of the Makati CBD experience are now being applied in BGC.
The mushrooming developments in BGC will complement the traditional CBDs that are experiencing decreasing office vacancy rates, from double digits a few years back down to just seven percent at present.
The year 2006 sees businesses bracing for an increase in rental rates of 15 to 20 percent because of the increased demand for office space.
This trend would most likely be feeding the frenzy at BGC as well.
Copyright 2006 Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Philippine Effort to Lure Expatriate Real-Estate Investment From U.S.
By KEMBA DUNHAM
June 5, 2006
NEW YORK -- On a sweltering afternoon last week, dozens of potential home buyers milled about at a reception on New York's Fifth Avenue, checking out swanky properties. But the buyers weren't shopping for New York penthouses. They were eyeing luxury oceanfront condominiums and Mediterranean-style villas thousands of miles away in Philippine resort communities.
The event at the Philippine Consulate here was one stop on a five-city roadshow sponsored by the Philippine government to help its country's home builders market houses and condos directly to Filipino-Americans.
The Philippine economy has been relatively weak. But Manila is hoping that Filipinos living in the U.S. will bring American-style enthusiasm for homeownership to the Pacific Ocean archipelago, lifting the economy in the process. According to U.S. Census data, the median household income for people of Filipino descent was $63,930 in 2004, far above the $44,684 median household income for all Americans.
"The hottest market for Philippine residential real estate is the Filipino-American community, since they have the income and the motivation to acquire condos or houses back home," says Albert del Rosario, the Philippine ambassador to the U.S. "We hope these roadshows will serve to boost foreign investment, sell domestic property abroad and demonstrate confidence in our economy," he adds.
It is the latest twist in efforts by developing countries to boost remittances by expatriates, many of whom are graying in America and thinking about how they want to live out their golden years. Growing remittances to their homelands by immigrant workers in the U.S. and other Western countries have become a vital economic development tool for poor countries.
Last year, about $170 billion of remittances world-wide were sent to developing countries by overseas workers, about twice the level of foreign aid that went to those countries, according to the World Bank. If estimates for remittances that aren't sent through formal channels are included, the total could be more than $250 billion.
Mr. del Rosario says remittances from Filipino expatriates in the U.S. rose 31% last year, mainly because of a marketing push by the Philippine government to encourage the practice. Most of that money went to the expats' relatives. But the current challenge, he says, is to channel remittances into industries that spread the money around and benefit the whole economy. Housing, he says, is one such sector.
Some economists agree. "The impact of house construction definitely has a major multiplier effect on the economy of a developing country," says Raul Hinojosa, an economist who teaches international development at the University of California at Los Angeles. "It creates local demand for labor and for house-related goods like building materials. It also creates an asset market, allowing owners to sell or rent out their properties."
The Philippines isn't the only country trying to use real estate to get investment dollars from expats. Mexico, Jamaica and some other Latin and Caribbean nations have been marketing to expats for years. But the Philippines is specifically targeting potential retirees with large-scale development projects and new communities that include recreational outlets, shopping and entertainment designed to appeal to people used to similar amenities in the U.S.
One such developer is Landco Pacific Corp., of Manila, best known for its high-end beachfront condos and land sales in the mountains. The company estimates that during the winter months as many as 80% of its buyers in some projects are Filipino-Americans. Most of these buyers are tapping the equity in their U.S. homes.
At the Philippine consulate, Landco was showing luxury properties, including some with extra-high ceilings, outdoor Jacuzzis, Asian fusion architecture and picturesque views of the South China Sea. The price: $175,000 to $215,000 -- a bargain by U.S. standards. The company also is developing a self-contained agricultural resort community called Leisure Farms in rural Batangas, designed to appeal to hobby farmers.
Selenna Franco, a 44-year-old accountant in San Francisco who has an eye on early retirement, looked at Landco's beachfront offerings at the San Francisco Consulate's roadshow a few weeks ago. She left her home in the Philippines 18 years ago and soon hopes to spend around $200,000 on a home there, most likely in the booming resort town of Tagaytay.
Ponderosa Leisure Farms project, a residential development in the Philippines.
Ms. Franco says building her dream house in her native country will be a sign that she has "made it here in America." She plans to help organize a home-buying event later this month to encourage other Filipino-American accountants to buy. "When we buy properties there, we're helping our homeland," says Ms. Franco.
The Philippine government isn't just targeting wealthy expats. Several developers in the roadshow offered the chance to buy homes with small down payments and monthly payments as low as $200. Representatives of U.S.-based remittance centers, which allow expats to make easy mortgage payments to the Philippines, also were in attendance.
At the California roadshow, Moldex Realty Inc., a Philippine developer known for its low-priced and middle-market units, was offering "house and lot" packages priced between $17,000 and $28,400, mostly located on the outskirts of metropolitan Manila.
If the Philippine experiment succeeds, more countries are likely to follow. "I think more and more governments in developing countries are going to start paying attention to this," says Dilip Ratha, a senior economist at the World Bank.
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PHILIPPINES BEST DIVE SITES
ANILAO BATANGAS - Only 140 km south of Manila, Anilao's proximity makes it a popular destination for weekend diving trips. Even excursions are ideal in this southern town where resorts are situated within short boat rides to excellent dive sites. Diving is mainly in coral slopes and shallow gardens among sandy patches. Choose from any of the 24 dive sites between the coast of Anilao and Maricaban Island. The most popular site is the Cathedral (average of 60 ft.), a roofless cavern with a blessed cross flanked by two large sea mounts. Ideal diving season is from November until May.
SUBIC BAY, OLONGAPO - Just a 2 1/2-hour drive north of Manila, Subic offers a picturesque vista of the blue mountain and sea set against a green backdrop of a three-layered virgin forest. Originally developed as a naval base by Spanish colonizers way back in 1885, Subic Bay became the largest US naval facility in the Far East. In 1991, Subic Bay was transformed into a Freeport economic and tourism zone.
PUERTO GALERA, ORIENTAL MINDORO - A little further from Anilao using Batangas Pier as jump-off point, Puerto Galera is a natural harbor with fine beaches, green scenery and sheltered coves. Puerto Galera has grown to become a diving haven due to its marine diversity, complemented by other activities. At least two dozen sites have been identified, each providing good opportunity for photography. Most divers prefer to go to Puerto Galera from March to October.
BUSUANGA, NORTHERN PALAWAN - Busuanga is the largest in the lamian group of islands. What makes Busuanga special are the game reserve and wildlife sanctuary, and the wrecks around Coron Bay. Taking an average of day long trips from the town proper, you can savour the sight of twelve wrecks identified in diveable depths. Although diving can be done anytime, visibility and current are best from October to May. Bonus attractions are Coron's limestone cliffs and tiny isolated beach coves along with freshwater lakes, one of which features hot springs and can be accessed by a short climb over limestone pinnacles from the sea. A hidden cavern with an underwater entrance to the sea can be explored. Pearl farms are added attractions.
MALAPASCUA, CEBU - Malapascua must be one of the least spoilt tourist spots in the Philippines. Tourism is still relatively new in Malapascua, the island has a handful of resorts and a couple of dive operators but for the locals life is much as it always was. Labeled as the next Boracay by the Lonely Planet, Malapascua has everything for the traveling diver. The island takes about 3 hours to walk round and fantastic views can be seen from the lighthouse.
BALICASAG ISLAND, BOHOL - situated 20km from Alona beach-is one of the very best dives in the Visayas, and also one of the most popular. These days, it is normal to see over a dozen other dive boats originating from all across the Visayas, as well as liveaboard vessels that have increasingly taken to operating in the 'Visayan Safari Triangle'. Virtually anywhere you drop in is sure to be rewarding: the following are just a few of the more popular sites.
BORACAY ISLAND - Boracay, as a magnificent national marine preserve, is one of the most popular diving areas in Southeast Asia with currently eighteen state-of-the-art dive schools offering the entire range of dive activities from basic demonstrations through to advanced level certifications. Boracay is a great dive holiday location, simply because it combines a wide range of dive activities with one of the best beaches in the world plus the numerous good quality resorts, restaurants, bars and night time events.
Luzon is the largest and most northerly of the main islands. Its spectacular landscape is made up of mountainous regions in the north, the flat vistas of the central plain, lakes and volcanoes in the southern peninsula, and a coastline dotted with caves and sandy-beached islands. [more info]
• Aurora • Babuyan Island • Baguio City • Banaue • Batangas • Bataan • Batanes • Cavite • Caramoan Peninsula • Camarines Sur • Dagupan City • Ilocos • Isabela • Kalinga • Laguna • La Union • Lucban Quezon • Manila • Makati City • Marinduque • Mindoro • Palawan • Pampanga • Pangasinan • Pasay • Puerto Galera • Puerto Princesa • Rizal • Sagada • Subic • Tagaytay • Tarlac • Tayabas • Tuguegarao, Cagayan Valley • Quezon • Quezon City • Zambales
Visayas
The Visayas is a group of islands between Luzon and Mindanao. The main islands are Samar, Panay, Negros, Cebu and Leyte, the latter famous as the island first sighted by the Spanish explorer Ferdinand Magellan in the 16th century and as the landing point for the American liberation forces in 1944. Samar and Leyte are linked by the San Juanico Bridge, the longest in the country. [more info]
• Aklan • Antique • Bacolod City • Boracay Island • Bohol • Capiz • Cebu City • Guimaras Island • Ilo-ilo City • Negros Oriental • Tacloban City • Valencia, Negros Oriental
Mindanao
Mindanao is the second-largest and the most southerly island, with a very different feel from the rest of the country. A variety of Muslim ethnic groups live here. In the southwestern tip of Mindanao is Zamboanga City, considered by some as the most romantic place in the Philippines and a favourite resort amongst tourists. The city is noted for its seashells, unspoiled tropical scenery and magnificent flowers. [more info]
• Butuan City • Bukidnon • Cagayan De Oro City • Camiguin Island • Compostella Valley • Dapitan City • Davao City • Dinagat Island • Dipolog City • Iligan City • Koronadal City • Marawi City • Siargao Island • Surigao City • Surigao Del Sur • Tawi-Tawi • Zamboanga
THE PHILIPPINES
Pearl of the Orient
Background
The Philippines were ceded by Spain to the US in 1898 following the Spanish-American War. They attained their independence in 1946 after being occupied by the Japanese in World War II. The 21-year rule of Ferdinand MARCOS ended in 1986 when a widespread popular rebellion forced him into exile. In 1992, the US closed down its last military bases on the islands. The Philippines has had two electoral presidential transitions since Marcos' removal by "people power." In January 2001, the Supreme Court declared Joseph ESTRADA unable to rule in view of mass resignations from his government and administered the oath of office to Vice President Gloria MACAPAGAL-ARROYO as his constitutional successor. The government continues to struggle with ongoing Muslim insurgencies in the south.
THE PHILIPPINES stands at the crossroads of the developed western world and the Orient. It lies in the heart of Southeast Asia, stretching more than 1,840 kilometers. Composed of 7,107 islands, the Philippines is readily accessible to the different capitals of the world. Its three main islands are Luzon, Visayas and Mindanao. The South China Sea washes its western shores. Taiwan, China and Hong Kong are northern neighbors and further north is Japan. To the west lie Southeast Asian countries such as Singapore, Malaysia and Thailand. An arm of the archipelago reaches out towards Borneo and at its feet stands the chain of Indonesian islands. To the east and south, the waters of the Pacific Ocean sweep its headlands, looking out towards Micronesia and Polynesia. Its unique location has made the Philippines the commercial, cultural and intellectual hub of Asia from the dawn of history.
Provinces and Cities
73 provinces and 61 chartered cities*; Abra, Agusan del Norte, Agusan del Sur, Aklan, Albay, Angeles*, Antique, Aurora, Bacolod*, Bago*, Baguio*, Bais*, Basilan, Basilan City*, Bataan, Batanes, Batangas, Batangas City*, Benguet, Bohol, Bukidnon, Bulacan, Butuan*, Cabanatuan*, Cadiz*, Cagayan, Cagayan de Oro*, Calbayog*, Caloocan*, Camarines Norte, Camarines Sur, Camiguin, Canlaon*, Capiz, Catanduanes, Cavite, Cavite City*, Cebu, Cebu City*, Cotabato*, Dagupan*, Danao*, Dapitan*, Davao City* Davao, Davao del Sur, Davao Oriental, Dipolog*, Dumaguete*, Eastern Samar, General Santos*, Gingoog*, Ifugao, Iligan*, Ilocos Norte, Ilocos Sur, Iloilo, Iloilo City*, Iriga*, Isabela, Kalinga-Apayao, La Carlota*, Laguna, Lanao del Norte, Lanao del Sur, Laoag*, Lapu-Lapu*, La Union, Legaspi*, Leyte, Lipa*, Lucena*, Maguindanao, Mandaue*, Manila*, Marawi*, Marinduque, Masbate, Mindoro Occidental, Mindoro Oriental, Misamis Occidental, Misamis Oriental, Mountain, Naga*, Negros Occidental, Negros Oriental, North Cotabato, Northern Samar, Nueva Ecija, Nueva Vizcaya, Olongapo*, Ormoc*, Oroquieta*, Ozamis*, Pagadian*, Palawan, Palayan*, Pampanga, Pangasinan, Pasay*, Puerto Princesa*, Quezon, Quezon City*, Quirino, Rizal, Romblon, Roxas*, Samar, San Carlos* (in Negros Occidental), San Carlos* (in Pangasinan), San Jose*, San Pablo*, Silay*, Siquijor, Sorsogon, South Cotabato, Southern Leyte, Sultan Kudarat, Sulu, Surigao*, Surigao del Norte, Surigao del Sur, Tacloban*, Tagaytay*, Tagbilaran*, Tangub*, Tarlac, Tawitawi, Toledo*, Trece Martires*, Zambales, Zamboanga*, Zamboanga del Norte, Zamboanga del Sur
Economy
In 1998 the Philippine economy - a mixture of agriculture, light industry, and supporting services - deteriorated as a result of spillover from the Asian financial crisis and poor weather conditions. Growth fell to about -0.5% in 1998 from 5% in 1997, but recovered to about 3% in 1999 and 3.6% in 2000. The government has promised to continue its economic reforms to help the Philippines match the pace of development in the newly industrialized countries of East Asia. The strategy includes improving infrastructure, overhauling the tax system to bolster government revenues, moving toward further deregulation and privatization of the economy, and increasing trade integration with the region.
Climate
March to May is hot and dry, with temperatures ranging from 22° to 32°C. June to October is rainy. November to February is cool; temperatures range from 22° to 28°C. Average humidity year-round is 77%.
Ethnic Groups
91.5% Christian Malay, 4% Muslim Malay ,1.5% Chinese and 3% other.
Languages
The national language is Pilipino, which is based on the language of Tagalog, although there are at least one or two dialects spoken in every region. English is both spoken and understood throughout the country, especially in business negotiations and in the government. Hokkien, Cantonese and Mandarin are spoken by older members of the Filipino-Chinese community.
Religion
83% Roman Catholic, 9% Protestant, 5% Muslim, 3% Buddhist and other.
The Philippines in the World
THE PHILIPPINES is readily accessible from the travel capitals of the world. Traveling time to Manila from Hong Kong is an hour and 50 minutes; Singapore, 3 hours and 10 minutes; Bangkok, 3 hours and 50 minutes; Tokyo, 4 hours and 15 minutes; Sydney, 10 hours and 20 minutes; London, 20 hours and 45 minutes; Paris, 21 hours and 15 minutes; Frankfurt, 19 hours and 40 minutes; San Francisco, 16 hours and 15 minutes; Los Angeles, 15 hours and 20 minutes; and New York, 25 hours and 20 minutes.
Wealth of Wonders
The Worlds Smallest Monkey
The Worlds Smallest Banana
The Worlds Best Beaches
The Banaue Rice Terraces
The Worlds Smallest Bat
The Worlds Best Diving Destinations
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DRAQ Posted: Aug 6 2006, 11:06 AM
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Posts: 8,388,607
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PROPERTIES FOR SALE
MANGO AND RETREAT FARM IN BULACAN FOR SALE
See Details >
RIZA VILLAGE HOUSE
HOUSE & LOT UNIT - IN A RESIDENTIAL....
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Rainbow Ridge Condominiums
Open up a....
See Details >
PHILIPPINE 3 STRY 3 BR SINGLE DETACHED TAGUIG GLOBAL CITY NEAR D'FORT AND MAKATI 10%DP ONLY
Prestigious Lifestyle in an ideal location w/ in....
See Details >
Villa Alegre - Duplex and Bungalow Houses
Villa Alegre is a 3 to 9 hectare, small....
See Details >
Maia Alta's Alessia
The 45-minute drive from work in Makati or....
See Details >
South Green VIllas
2 level townhomes, 2 car garage, 4 Bedrooms, 2....
See Details >
MARY CRIS EXECUTIVE HOMES
See Details >
Grenada - Santarosa Estates
Santarosa’s Grenada....
See Details >
ST. FRANCIS TOWERS CONDO PHILS
The St Francis is a residential development of The....
See Details >
Arsia - Sta. Catalina
Relax... you're....
See Details >
Arsia - St.Gabriel Heights 2
This home is one of the six models that you can....
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DRAQ Posted: Aug 6 2006, 11:07 AM
PinoyBroker is watching YOU
Group: Admin
Posts: 8,388,607
Member No.: 2
Joined: 9-October 03
Genoa - Sta. Catalina
Description:
Relax... you're close to everything!
A masterplanned community that is both accessible and...
Price : 53061.72 - 53061.72 US DOLLARS See Details
MAKATI BUILDING FOR SALE
Description:
MAKATI AVE> COMMERCIAL BUILDING FOR SALE SITUATED IN THE CENTRAL BUSINESS DISTRICT, MAKATI.
Address: 7582 Makati Avenue, Makati City.
LOT:
Lot area: 190m2
Price : 740000.00 - 740000.00 US DOLLARS See Details
Meadowood Royal Townhomes
Description:
Strategically located in
Price : 2790000.00 - 0.00 PH PESOS See Details
Makati Condo... Ready for occupancy....
Description:
Residence Features Every unit has a balcony. Natural ventilation for all units. Complete kitchen cabinetry. Provision for washer/dryer, cable TV, telephone lines. Provision for internet connection...
Price : 35850.00 - 56900.00 US DOLLARS See Details
Maia Alta's Jade
Description:
One of Crown Asia's Crown Jewels. It reflects how precious space, when designed with a keen understanding of Filipino home life, can be highly functional as well as charming. This is most evident in...
Price : 30600.00 - 48960.00 US DOLLARS See Details
Merville, Pque House and Lot
Description:
Price : 16300000.00 - 16500000.00 PH PESOS See Details
Talayan QC Residential Lot
Description:
Prime Residential Lot (Virgin - never been built with a house)
490 sq.m. Pasian Street, Talayan village, Quezon City
Contact me 09209128958 for more details.
Price : 0.00 - 0.00 PH PESOS See Details
Liza - FelizAna Estate Subdivision
Description:
FelizAna Estates Pocket Subdivision offers a sense of security by having only one (1) entrance/exit to each pocket subdivision enhancing your family's peace of mind.
Each pocket...
Price : 32018.90 - 32018.90 US DOLLARS See Details
Rosita Villanueva
Description:
Cocoland with an area of 42,570 square meters located in iligan city.
Price : 15.00 - 20.00 PH PESOS See Details
Condominum For Sale ASAP! ... Pasig, near Valle Verde..
Description:
Phoenix Heights Condominium Danny Floro St. Pasig City 125 sqm + parking 2 bedroom, 2 bathroom Maids Room, Maids Bathroom 3.95M
Price : 3900000.00 - 3900000.00 PH PESOS See Details
beach farm
Description:
Price : 15.00 - 20.00 PH PESOS See Details
Arsia - Sta. Catalina
Description:
Relax... you're close to everything!
A master planned community that is both accessible and affordable.
AVIDA...
Price : 31948.44 - 31948.44 US DOLLARS See Details
Antigua - Santarosa Estates
Description:
Santarosa’s Antigua – Move up to Santarosa Estates and live a more relaxed lifestyle in a greener setting. Enjoy the convenience of living minutes away from...
Price : 139770.60 - 139770.60 US DOLLARS See Details
Novara - St. Alexandra
Description:
Nature Rewards the Hardworking....
Fresh air calms, blossoming life invogorates while the playful antics of of wild life draw a smile. These are nature's reward for your hardwork, and these...
Price : 110027.40 - 110027.40 US DOLLARS See Details
Verona - St. Alexandra
Description:
Nature Rewards the Hardworking....
Fresh air calms, blossoming life invogorates while the playful antics of of wild life draw a smile. These are nature's reward for your hardwork, and these...
Price : 104292.96 - 104292.96 US DOLLARS See Details
ONE ROCKWELL CONDO PHILIPPINES FOR SALE
Description:
One Rockwell, situated at the center's gateway on Rockwell Drive, is envisioned to become the epitome of the Rockwell lifestyle. Its cutting-edge design, new features and innovative offering will...
Price : 57281.00 - 231705.00 US DOLLARS See Details
Marsala - St. Alexandra
Description:
Nature Rewards the Hardworking....
Fresh air calms, blossoming life invogorates while the playful antics of of wild life draw a smile. These are nature's reward for your hardwork, and these...
Price : 116806.32 - 116806.32 US DOLLARS See Details
PHILIPPINE 2 STRY 4 BR TOWNHOUSE READY FOR OCCUPANCY IN DASMARINAS CAVITE 10%DP ONLY
Description:
A First- class and Exclusive Village Strategically located in Dasmarinas, Cavite Choice of 1 or Storey European Inspired Design Single Homes Complete units with provision for carport Available in...
Price : 2499252.00 - 2499252.00 PH PESOS See Details
ST CATHERINE SUBDIVISION
Description:
SINGLE HOUSES NEAR NAIA
Price : 3900000.00 - 0.00 PH PESOS See Details
HOUSE & LOT 4 SALE IN BF PQUE
Description:
Located in middle of BF homes Paranaque. Easy access to all 6 gates of BF Homes. Please contact Joseph Guevara at 807-4544/09177936629
Price : 3500000.00 - 4500000.00 PH PESOS See Details
Canyon Ranch..
Description:
One of the finest, gated residential communities in the country. Perched on the foothills of Carmona, Cavite, beside Southwoods Golf Club, this masterplanned community is spread out over 17 hectares...
Price : 40300.00 - 230000.00 US DOLLARS See Details
Makati Condo, Furnished..... For Sale: ASAP!
Description:
Studio 33 sqm. Space for built-in closet Stainless steel imported kitchen sinks Utility space for washing machine Modular built-in kitchen with counter cabinets Selected units with...
Price : 48000.00 - 48000.00 US DOLLARS See Details
Vista De Lago Villas
Description:
Homes that celebrate life.....
At Vista De lago Villas, you can enjoy the best of what life can offer --- elegant homes with gracious living space for family gatherings, luxurious...
Price : 37628.14 - 101677.06 US DOLLARS See Details
Grenada - St. Alexandra
Description:
Nature Rewards the Hardworking....
Fresh air calms, blossoming life invogorates while the playful antics of of wild life draw a smile. These are nature's reward for your hardwork, and these...
Price : 141265.92 - 141265.92 US DOLLARS See Details
Siena - Sta. Catalina
Description:
Relax... you're close to everything!
A master planned community that is both accessible and affordable.
AVIDA...
Price : 35686.94 - 35686.94 US DOLLARS See Details
Civenna - St.Gabriel Heights 2
Description:
This home is one of the six models that you can choose from St. Gabriel Heights 2.
St. Gabriel Heights 2 is your expressway to seventh heaven. Every family feels truly...
Price : 61246.92 - 61246.92 US DOLLARS See Details
Coming Soon... Avida Residences San Fernando
Description:
This a 15 hectare property situated in Barrio Sindalan, City of San Fernando, Pampanga. It has a 400 saleable residential lot for sale. The construction and development is patterned after AYALA...
Price : 3000000.00 - 6000000.00 PH PESOS See Details
Ravenna - St. Gabriel Heights 2
Description:
This home is one of the six models that you can choose from St. Gabriel Heights 2.
St. Gabriel Heights 2 is your expressway to seventh heaven. Every family feels truly...
Price : 68044.20 - 68044.20 US DOLLARS See Details
ST. FRANCIS TOWERS CONDO PHILS
Description:
The St Francis is a residential development of The Shang Grand Tower Corporation, part of The Kuok Group. The towers will be directly linked to the Edsa Shangri-La Hotel and Shangri-La Plaza Mall by...
Price : 3000000.00 - 13000000.00 PH PESOS See Details
Canyon Ranch
Description:
MOST OUTSTANDING PRIVATE RESIDENTIAL COMMUNITY IN THE PHILIPPINES Re-imagine Life in the Philippines… Canyon Ranch is life at its best in the Philippines. Discover a sanctuary South of Makati...
Price : 3000000.00 - 24000000.00 PH PESOS See Details
PHILIPPINE 3 STRY 3 BR SINGLE DETACHED TAGUIG GLOBAL CITY NEAR D'FORT AND MAKATI 10%DP ONLY
Description:
Prestigious Lifestyle in an ideal location w/ in easy reach from Makati & Global City, stone-throw away in the exclusive residential enclaves of Forbes Park & Dasmarinas Village. 2 Storey...
Price : 12244000.00 - 12244000.00 PH PESOS See Details
house & lot
Description:
Price : 2000000.00 - 3000000.00 PH PESOS See Details
Mallorca - Santarosa Estates
Description:
Santarosa’s Mallorca – Move up to Santarosa Estates and live a more relaxed lifestyle in a greener setting. Enjoy the convenience of living minutes away from...
Price : 205736.04 - 205736.04 US DOLLARS See Details
THE MANORS AT CELEBRITY PLACE
Description:
A WALK-UP CONDOMINIUM PROJECT AT THE CELEBRITY SPORTS CLUB, QUEZON CITY
Price : 4000000.00 - 5000000.00 PH PESOS See Details
Antigua - St. Alexandra
Description:
Nature Rewards the Hardworking....
Fresh air calms, blossoming life invogorates while the playful antics of of wild life draw a smile. These are nature's reward for your...
Price : 133952.52 - 133952.52 US DOLLARS See Details
MANGO AND RETREAT FARM IN BULACAN FOR SALE
Description:
FARM FOR SALE< BULACAN
Price : 00.00 - 750000.00 US DOLLARS See Details
Amalfi's Pearl
Description:
Amalfi is an Italian-inspired community in Dasmariñas, Cavite easily accessible via major thoroughfares. Institutional establishments you need such as the St. Paul's College, Asian Hospital, De...
Price : 59160.00 - 59160.00 US DOLLARS See Details
Villa Alegre - Duplex and Bungalow Houses
Description:
Villa Alegre is a 3 to 9 hectare, small pocket development for only a priviledged few, offering first class leisure facilities with proximity to shopping centers, restaurants, theme parks, schools...
Price : 53744.93 - 61147.04 US DOLLARS See Details
RIZA VILLAGE HOUSE
Description:
Price : 650000.00 - 700000.00 PH PESOS See Details
Mexico Industrial Complex
Description:
Warehouses for Lease in Mexico, Pampanga, Philippines
We are happy to inform you that Mexico...
Price : 70000.00 - 320000.00 PH PESOS See Details
Ana - FelizAna Estate Subdivision
Description:
FelizAna Estates Pocket Subdivision offers a sense of security by having only one (1) entrance/exit to each pocket subdivision enhancing your family's peace of mind.
Each pocket...
Price : 34304.88 - 34304.98 US DOLLARS See Details
CONDO PHILIPPINES AFFORDABLE CONDO SUCAT
Description:
Status Under Construction Turn Over 2008 Availability Pre-selling Size 19.25 - 57.75 square meter Bedrooms 1, 2 and 3 Bathrooms 1, 2 Number of Flrs 6-7 Tower 4 clusters Developer...
Price : 28301.00 - 28301.00 US DOLLARS See Details
MARY CRIS EXECUTIVE HOMES
Description:
IMUS...
Price : 1155000.00 - 1760000.00 PH PESOS See Details
house & lot
Description:
tiled flooring; 1 km away from the public market; 500 meters away from the hospital and police station; with perimeter fence: newly built (july 2006-completed)
Price : 2000000.00 - 3000000.00 PH PESOS See Details
Palm Grove
Description:
Feel the warmth and charm of Palm Grove. Chich residential units surrounded by lush palm trees set in a perfectly manicured landscape.
Come home to where comfort and beauty embraces...
Price : 38994.04 - 77488.02 US DOLLARS See Details
Manila East Lakeview Farm
Description:
Own a Farm with Resort type Amenities, with a panoramic view of Laguna de Bay. Enjoy your farm using high tech farming methods.
Amenities:
Campsites
Club...
Price : 51.00 - 35700.00 US DOLLARS See Details
SPRINGVILLE near SM Molino
Description:
Single Attached
East Ortigas Mansions
Description:
At home in Paradise....
The luxuries and comforts of a resort near your home -- east Ortigas Mansions with its lush greens, beautiful blooms and tropical gardens, it's a true paradise...
Price : 43431.60 - 68013.60 US DOLLARS See Details
Makati Condo... Free Furnishings....
Description:
GRAND SOHO MAKATI - Situated in the most ideal LOCATION within Ayala's Golden Triangle flanked by Buendia and Dela Costa Avenue in...
Price : 36600.00 - 0.00 US DOLLARS See Details
Q.C. CONDO @ AFFORDABLE PRICE 640,800phpeso
Description:
This Quezon City condominium can be your residential place while you're here in the Philippines and save a lot from the expensive hotel accomodation. And, you can also have it rented while you are not...
Price : 640800.00 - 990958.00 PH PESOS See Details
South Green VIllas
Description:
2 level townhomes, 2 car garage, 4 Bedrooms, 2 Toilet & Bath, Master's Bedroom with walk-in closet, maid's room with own T & B, high quality fixtures, PLDT and cable-ready, underground wiring...
Price : 160000.00 - 160000.00 US DOLLARS See Details
Genoa - St.Gabriel Heights 2
Description:
This home is one of the six models that you can choose from St. Gabriel Heights 2.
St. Gabriel Heights 2 is your expressway to seventh heaven. Every family...
Price : 73144.20 - 73144.20 US DOLLARS See Details
CrossWinds' Swiss Bedroom Quadrille
Description:
The place is idyllic. Pine trees hug the mountainside. A calming quiet blankets the area. Cool crisp air braces and refreshes. Along gently sloped roads, Swiss chalets seem to welcome you...
Price : 199920.00 - 199920.00 US DOLLARS See Details
MANANSALA TOWER AT ROCKWELL CENTRER RFO FEW UNITS LEFT
Description:
Status Completed Availability Ready For Occupancy Size 36-117 in square meter 388 to 1259 in square foot Bedrooms 1, 2, Studio Bathrooms 1, 2 Number of flrs 41 Storey Project...
Price : 73914.00 - 180623.00 US DOLLARS See Details
PHILIPPINE 3 STRY 3 BR SEMI FURNISHED TOWNHOUSE TAGUIG GLOBAL CITY NEAR D'FORT AND MAKATI 10%DP ONLY
Description:
Prestigious Lifestyle in an ideal location w/ in easy reach from Makati & Global City, stone-throw away in the exclusive residential enclaves of Forbes Park & Dasmarinas Village. 2 Storey...
Price : 9000000.00 - 10000000.00 PH PESOS See Details
WoodBerry's Azalea
Description:
This bachelor style 2-bedroom abode presents spacious master's bedroom and two toilet and bath. Suits start up families and singel adults just right.
Price : 38760.00 - 38760.00 US DOLLARS See Details
Dakota Residences
Description:
A Wonderful vestige of the city's glorious past, the newly restored Dakota Residences reclaims it old prestige, promising a whole new encounter - one that echoes with history but decidedly fresh...
Price : 71097.98 - 198187.80 US DOLLARS See Details
San Rafael Estates
Description:
An enchanting beauty facing a premiere address...
Perfectly nestled at the foot of the legendary Maria Makiling, San Rafael...
Price : 87942.36 - 128805.60 US DOLLARS See Details
RIZA VILLAGE HOUSE
Description:
HOUSE & LOT UNIT - IN A RESIDENTIAL SUBDIVISION 11 KILOMETERS AWAY FROM METRO QUEZON CITY RIGHT IN THE TOWN PROPER OF SAN MATEO, RIZAL - NEAR COMMERCIAL ESTABLISHMENTS, CHURCH , HOSPITALS, MARKET...
Price : 780000.00 - 800000.00 PH PESOS See Details
House & Lot at Binan Laguna...(fronting laguna technopark)
Description:
LOT AREA : 135 SQ. M. FLOOR AREA : 84 SQ. M. EXTERIOR - Distinctive Mediterranean Architectural style - Entry door with raised panel accents - Steel casement windows with screen - One car garage...
Price : 42400.00 - 51900.00 US DOLLARS See Details
AVIDA TOWERS SAN LAZARO STUDIO 1.2M
Description:
Status Under Construction Availability Pre-selling Completion Date Dec. 2009 Size : 22sqm - 72sqm Bedrooms Studio, 1, 2 Bathrooms 1, 2 Number of flrs Project Concept Avida...
Price : 22429.00 - 149532.00 US DOLLARS See Details
Grenada - Santarosa Estates
Description:
Santarosa’s Grenada – Move up to Santarosa Estates and live a more relaxed lifestyle in a greener setting. Enjoy the convenience of living minutes away from...
Price : 177853.32 - 177853.32 US DOLLARS See Details
Rainbow Ridge Condominiums
Description:
Open up a dream........
The home you've always wanted... from style to amenities. everything is within reach at rainbow ridge. So go ahead and unlock...
Price : 34476.00 - 45586.42 US DOLLARS See Details
Padova - Sta. Catalina
Description:
Relax... you're close to everything!
A masterplanned community that is both accessible and affordable.
AVIDA...
Price : 29529.79 - 29529.79 US DOLLARS See Details
Armstrong Place
Description:
3 level townhomes with open deck, very near airports, wide roads, 3 Bedrooms with bedroom closets, maid's room, PLDT and cable ready
Price : 82000.00 - 85000.00 US DOLLARS See Details
LAS HACIENDAS RESORT FARM in Batangas Metro Tagaytay
Description:
LAS HACIENDAS RESORT...
Price : 3374385.00 - 0.00 PH PESOS See Details
Almanza Metropolis
Description:
Living it up.... In Style.
FEATURES AND HIGHLIGHTS
Price : 19966.50 - 38070.99 US DOLLARS See Details
Mia Vita's Cortesia
Description:
Live next to nature at its purest, where the terrain and the trees blend seamlessly with your home at Mia Vita in Antipolo.
Price : 26520.00 - 26520.00 US DOLLARS See Details
Condominum at The Fort... Fully Furnished...
Description:
SOUTH OF MARKET or SOMA is an exquisite 39-storey twin tower residential development that is the epitome of the "New York style of living." -- outmost convenience, pure indulgence and...
Price : 54800.00 - 199000.00 US DOLLARS See Details
Dominica - St. Alexandra
Description:
Nature Rewards the Hardworking....
Fresh air calms, blossoming life invogorates while the playful antics of of wild life draw a smile. These are nature's reward for your hardwork, and these...
Price : 129611.40 - 129611.40 US DOLLARS See Details
Casitas: Fully Furnished Townhomes At Canyon Ranch....
Description:
MOST OUTSTANDING PRIVATE RESIDENTIAL COMMUNITY IN THE PHILIPPINES Re-imagine Life in the Philippines… Canyon Ranch is life at its best in the Philippines. Discover a sanctuary South of Makati...
Price : 3800000.00 - 4140000.00 PH PESOS See Details
Ciana - FelizAna Estate Subdivision
Description:
FelizAna Estates Pocket Subdivision offers a sense of security by having only one (1) entrance/exit to each pocket subdivision enhancing your family's peace of mind.
Each pocket...
Price : 49892.23 - 49892.23 US DOLLARS See Details
San Antonio Heights 4
Description:
Finally... a home you can call your own. Set at the foot of Mt. Makiling in Sto. Tomas Batangas, San Antonio Heights 4 is the ideal location of the dream house you've always pictured. Nothing but...
Price : 12670.44 - 42759.42 US DOLLARS See Details
Dominica - Santarosa Estates
Description:
Santarosa’s Dominica – Move up to Santarosa Estates and live a more relaxed lifestyle in a greener setting. Enjoy the convenience of living minutes away from shops and commercial...
Price : 104792.76 - 104792.76 US DOLLARS See Details
AVIDA TOWERS SN LAZARO CONDO PHILIPPINES
Description:
Avida Towers San Lazaro is AVIDA LAND's (formerly Laguna Properties Holdings, Inc.) newest residential condominium development inspired by contemporary Asian design where the harmony of indoor and...
Price : 1047900.00 - 3480650.00 PH PESOS See Details
PHILIPPINE 2 STRY 3 BR TOWNHOUSE READY FOR OCCUPANCY IN IMUS CAVITE 10%DP ONLY
Description:
European Designed Homes Choice of 1 or 2 Level homes 3 Bedrooms 1 or 2 Toilet & Bath Complete Interior Finishes Fully Fence with Landscaping & Car Garage Ready for Occupancy Offers 10...
Price : 1760000.00 - 1760000.00 PH PESOS See Details
Ravenna- Sta. Catalina
Description:
Relax... you're close to everything!
A master planned community that is both accessible and affordable.
AVIDA...
Price : 52051.45 - 52051.45 US DOLLARS See Details
Aubrey - Woodland Hills
Description:
Sophisticated simplicity..... Understated elegance....
WELCOME HOME.....
This house model is situated in Woodland Hills, a 9-hectare development project.
Development...
Price : 68938.76 - 68938.76 US DOLLARS See Details
PHILIPPINE 3 STRY 3 BR DUPLEX TAGUIG GLOBAL CITY NEAR D'FORT AND MAKATI 10%DP ONLY
Description:
Prestigious Lifestyle in an ideal location w/ in easy reach from Makati & Global City, stone-throw away in the exclusive residential enclaves of Forbes Park & Dasmarinas Village. 2 Storey...
Price : 6685000.00 - 6685000.00 PH PESOS See Details
VERSAILLES adjacent to AYALA ALABANG VILAGE
Description:
2 STOREY SINGLE...
Price : 8513190.00 - 0.00 PH PESOS See Details
LOT FOR SALE - San Rafael, Bulacan
Description:
It is a parcel of land located at brgy. Sampaloc, San Rafael, Bulacan, approved as a non subd. project, 1399 sq. meters in size..It is in front of Baliwag...
Price : 2500000.00 - 4000000.00 PH PESOS See Details
Condominum at Best Location in QC..
Description:
Property Type: 62sqm. Residential Condominium One Burgundy Plaza towers 22 storeys above the most ideal location in Quezon City. Capture the beauty of nature at its very best right in your own home...
Price : 59615.00 - 59700.00 US DOLLARS See Details
Maia Alta's Alessia
Description:
The 45-minute drive from work in Makati or 30-minute trip from Ortigas Center, is definitely worth your time. Transportation is available round the clock. Access roads make...
Price : 34680.00 - 34680.00 US DOLLARS See Details
CONDO PHILIPPINES FOR SALE CALIFORNIA GARDENS
Description:
Live grandly at California Garden Square. A stunning residential enclave of remarkable magnitude cradled between two of the metropolis' sparkling cities. An exciting new hub of comfortable family...
Price : 47169.00 - 94339.00 US DOLLARS See Details
RIZA VILLAGE HOUSE
Description:
Price : 1200000.00 - 1300000.00 PH PESOS See Details
SOLD ALREADY
Description:
HOUSE AND LOT AT ANTIPOLO HILLS
Lot area : 120 sqm
Price : 0.00 - 0.00 US DOLLARS See Details
Malate Adriatico Grand Residences...Condo at its Best....
Description:
BEST IN LOCATION! A 30-Level (19 Bi-Level) Residential Condominium, each unit is uniquely designed into loft style (like the New York SOHO area) to provide high ceiling, better natural lighting, good...
Price : 40385.00 - 221155.00 US DOLLARS See Details
THE COLUNMS AT LEGASPI GREENBELT CONDO PHIL FOR SALE
Description:
Status Under Construction Availability Pre-selling Size 30 - 83 in square meter 322.5 - 892.25 in square foot Bedrooms Studio, 1, 2, Pent Bathrooms 1, 2 Number of flrs 40...
Price : 46726.00 - 16822.00 US DOLLARS See Details
FORT BONIFACIO CONDO PHILIPPINES (39,622$)
Description:
SEIBU TOWER FORT BONIFACIO GLOBAL CITY 6 Avenue Corner 24th St. Fort Bonifacio Global City Up to the best life has to offer. - 27 - story tower located at the heart of Fort Bonifacio Taguig...
Price : 39622.00 - 113207.00 US DOLLARS See Details
PHILIPPINE 1 STRY 3 BR TOWNHOUSE READY FOR OCCUPANCY IN IMUS CAVITE 10%DP ONLY
Description:
European Designed Homes Choice of 1 or 2 Level homes 3 Bedrooms 1 or 2 Toilet & Bath Complete Interior Finishes Fully Fence with Landscaping & Car Garage Ready for Occupancy Offers 10...
Price : 1155000.00 - 1760000.00 PH PESOS See Details
RAYA GARDENS CONDO PHILIPPINE CONDO
Description:
Amid the bustling metropolis lies a Bali-inspired sanctuary that befits your dream of a serene tropical utopia. Developed along the Balinese concept of "aman" which means "safe", Aman Garden...
Price : 2126000.00 - 5703200.00 PH PESOS See Details
Villa Sofia Private Resort
Description:
*Swimming pool with pavilion and cabanas
*Includes a 2 storey...
Price : 7000000.00 - 7500000.00 PH PESOS See Details
Cottonwoods' Amber
Description:
Towering trees and evergreen shrubs contribute to the cozy ambience of this home. Well-ventilated with wide windows and an available view deck to give you a panoram of the scenic...
Price : 78091.20 - 92718.00 US DOLLARS See Details
Bernice - Woodland Hills
Description:
Sophisticated simplicity..... Understated elegance....
WELCOME HOME.....
This house model is situated in Woodland Hills, a 9-hectare development project.
Development...
Price : 69654.96 - 69654.96 US DOLLARS See Details
Sapri - St. Gabriel Heights 2
Description:
This home is one of the six models that you can choose from St. Gabriel Heights 2.
St. Gabriel Heights 2 is your expressway to seventh heaven. Every family feels truly...
Price : 59578.20 - 59578.20 US DOLLARS See Details
A DANSALAN GARDENS PHILIPPINE CONDO
Description:
The great big outdoors meet the great big indoors *Sycamore Tower of Dansalan Garden Condominiums. As 69% of its total land area is alocated for gardens, pools and recreational facilities, Dansalan...
Price : 2216402.00 - 8875680.00 PH PESOS See Details
Grand Soho Makati
Description:
THE GRAND SOHO MAKATI, FULLY FITTED, FULLY FURNISHED! The 40 -storey tower residential development in Makati City. The fully-fitted and completely furnished residential condo in the...
Price : 2000000.00 - 12000000.00 PH PESOS See Details
Arsia - St.Gabriel Heights 2
Description:
This home is one of the six models that you can choose from St. Gabriel Heights 2.
St. Gabriel Heights 2 is your expressway to seventh heaven. Every family feels truly...
Price : 60206.52 - 60206.52 US DOLLARS See Details
The Tower at Emerald Square..... Lease to own..
Description:
The Tower at Emerald Square J.P. Rizal cor. P. Tuazon Streets, Project 4, Quezon City Philippines Studio and Multiple Bedroom Units Available 24...
Price : 31250.00 - 43750.00 US DOLLARS See Details
IMUS EXECUTIVE HOMES 2 STOREY TOWNHOUSE
Description:
The newest subdivision in Southern Portion of metro Manila. 7.2 hectare residential,commercial and recreational estate. offers 10% Downpayment ready to move-in with Ready for Occupancy...
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TAGUIG CITY
near C-5, The Fort, Makati
Residential Mid-Rise Resort Type Condominium
ROSEWOOD POINTE
Pre-Selling/ RFO target by May 2007
Price Range P2.1M - P4.4M
Spot Cash: P1.6M & up
VISTA DE LAGO VILLAS
READY FOR OCCUPANCY
Price Range P1.9M - P5.5M
Spot Cash: P1.4M & up
LAKEVIEW MANORS
READY FOR OCCUPANCY
Price Range P1.6M - P2.4M
Spot Cash: P1.2M & up
RAINBOW RIDGE I & II CONDOMINIUM
READY FOR OCCUPANCY
Price Range P1.1M - P2.9M
Spot Cash: P900,000 & up
High-Rise Residential Condo
Lot, House & Lot, Townhouse
CYPRESS TOWERS
Pre-Selling/ RFO target by 2008
Price Range P2.9M - P5.4M
Spot Cash: P2.8M & up
MAHOGANY PLACE
Brand New House and Lot Subdivision in Taguig City
Price Range: LOT P2.1M - P5.5M / SPOT cash P1.8M & UP
HOUSE & LOT, TOWNHOUSE : Starting at P5.5M-P13M
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PARANAQUE
Better Living, Brgy. Merville nr. NAIA, SLEX, Makati
Residential Mid-Rise Resort Type Condominium
PALM GROVE
READY FOR OCCUPANCY
Price Range P1.9M - P6M
Spot Cash: P1.5M & up
RAYA GARDEN CONDOMINIUMS
Pre-Selling/ RFO Target Date Nov. 2006
Price Range P2.1M - P5.5M
Spot Cash: P1.7M & up
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MANDALUYONG
nr. EDSA, BONI Mandaluyong
Residential Hi-Rise Condominium Pre-Selling
Dansalan / Sycamore Gardens Condominium
Pre-Selling / RFO target date by December 2007
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PASIG CITY
Ortigas Ave Extn, / Felix Ave. Brgy. Rosario Pasig
Residential Mid-Rise Resort Type Condominium
EAST ORTIGAS MANSIONS I & II
READY FOR OCCUPANCY
Price Range P2.4M - P8M
Spot Cash: P1.9M & up
MAYFIELD PARK RESIDENCES
READY FOR OCCUPANCY
Price Range P1.9M - P5.5M
Spot Cash: P1.5M & up
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QUEZON CITY
Residential Mid-Rise Resort Type Condominium at Celebrity Sports Plaza
THE MANORS AT CELEBRITY PLACE
Pre-Selling/ RFO target by Dec 2006
Price Range P4.2M - P6M
Spot Cash: P3.5M & up
Owning a residence at The Manors is like gaining your very own luxury estate. With automatic membership to the exclusive Celebrity Sports Club, your residential masterpiece lies in the center of everything
AMENITIES
Exclusive Sports Club
Internet Business Center
Splash Pools/Water Slides
Swimming Pool
Bowling Center
Basketball Court
Archery Court
Billiards Hall
Jogging Path
Spa/Sauna
Aerobics and Dance Hall
Fitness Gym
Grand Ballroom, Function Rooms, Boardrooms
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4-storey condominium buildings
Single loaded corridors for natural
lighting and ventilation
Individual drying areas at the roof deck
Guarded main entrance
Perimeter fence
Round-the-clock security
Park and gardens
Fine Living Asian Style
It is a place that you have always wished to live in. A place that is both home and a Zen sanctuary. A quiet retreat of gardens and private nooks right smack in the center of Pasig. With resort-like ambience and an Asian design concept for a condo home, Mayfield Park Residencesoffers you fine living, Asian style.
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Earth
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A midst the city rush lies an unruffled haven, where serenity and harmony with nature can be found.....
Haven
Beyond the complexity of day-to-day life, one finds the very essence of living at Mayfield Park Residences. A personal haven, life in the community needs neither complications nor pretensions...
Man
Finally, a man can commune with nature in a corner, a room or a garden path. all may offer a temporary refuge where one shares the warmth of family or finds comfort and peace in solitude.
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Development Features
Mid-rise condominium buildings with elevator
Atrium and indoor garden for natural lighting and ventilation
Single-loaded corridors for maximum privacy
Telephone and internet ready units
Individual drying areas at the roof deck
Oriental gardens with Koi pond
Well landscaped courtyard
Guarded main entrance
Perimeter fence
24-hour security
Underground electrical facilities
Parking areas
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Amenities
Multi-level clubhouse with karaoke/audio-video room, billiard hall, bar and dining areas, Swimming pool, Basketball court, Badminton court, Jogging/Biking path, Kids play area
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DANSALAN
Gardens Condominium
Sycamore Tower
For More Info, Reservations & Site Viewing Schedule
Reward Yourself Now! With a new dream home at Dansalan Gardens
Key Unit Features
Turned over as DRESSED UNITS (with wood parquet & ceramic tiles flooring, painted walls, tiled bathroom, modular kitchen cabinets with granite counter top)
Utility / Laundry room in all units
Maximized natural light and ventilation in all units
Provision for telephone lines
Provision for cable TV connections
Exhaust duct system for toilet/bath and kitchen
Project Amenities and Facilities
Hotel standard entrance lobby with high ceiling and natural ventilation
Cozy Residents Lounge
Function Rooms
Landscaped Gardens
Children's Playground
Swimming Pool
Two high-speed elevators
Multi-level basement parking
Audio system connecting reception / security counter to all units
Standby generator power for common areas and individual units
Large water reservoir for domestic and rapid firefighting needs
Automatic heat/smoke detection and fire sprinkler system for all units
Visual and Audible fire alarm system
Garbage chutes on every floor
Raya Garden Residences
Urban Sanctuary.........
Raya (formerly Aman) Garden Residences now on Pre-Selling Stage ... constructions is on going ready for occupancy target date by november & december 2006
For More Info & Site Viewing Schedule Pls.
Email: sales@resort-living.net
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Total No. Units
698 units
Total No. of Building
5 buildings
Building A
Building B
Building C
Building D
Building E
74 units
89 units
89 units
89 units
351 units
Total Parking Slots
Open
Covered
419
109
310
Layout
5 floors with elevator
Price Range
P2.1M - P6M
Total Unit Size Range
48sqm. - 135sqm
December 2005
Permitting Stage
November 2006
Delivery of First Units/
Opening of Clubhouse
PROPOSED BALINESE INSPIRED BLDG.
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Urban Sanctuary
Everything inside the community walls is preplanned to affect the radical departure from what you leave behind outside its enclave. From the distinctive Balinese flavor of the building and the pavilions, tranquil water features like the infinity edge pool and lotus pond, lit walking paths, open spaces with mature landscaping...All of this meant to evoke a spa-like atmosphere. An oasis of calm. "AMAN" means peace......
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Design Amenities
Grand Pavilion
Audio Visual Room with view deck
Fitness Gym
Basketball Court
Bridge Walkway
Roof deck covered Utility Area with power and water hook-up
Meditation Pavilion
Air-conditioned function rooms
Infinity Edge pool
Floating Podium
Yoga Garden
Lotus Pond
feel the warmth and charm of Palm Grove..
Chic residential units surrounded by lush palm trees set in a perfectly manicured landscape...
Come home to where comfort and beauty embrace modern city living at a price you can afford. A Tropical oasis located in the heart of Paranaque's prime residential area. Palm Grove is a convenient 15-mins drive from Alabang or Makati, and has fast easy access to NAIA, shopping centers and schools
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A place to call home.....
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Features and Amenities
Swimming pool w/ Jacuzzi
Playground
Multi-level Clubhouse w/ audio-video room, dining area and roof deck
Pavilion
Playground
24/7 water supply
Provision for telephone lines
Individual drying areas
single loaded corridors
natural lighting and ventilation
perimeter fence
24/7 security
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Feature
DMCI Holdings Inc.: From construction to building communities
The name behind landmarks like the Cultural Center of the Philippines in Manila and Ayala Tower One in the Makati central business district is expanding its portfolio to building residential communities for the middle income market.
For this focus, listed construction company DMCI Holdings Inc. (DMCIHI) put up a wholly-owned subsidiary, DMCI Homes, last August 2001.
DMCI is expanding its portfolio to include real estate development. Above, the swimming pool at the East Ortigas condominium unit under construction. Photos by Ben Razon
The thrust of DMCI Homes is developing and constructing small middle-income residential communities, with no more than 400 units per community. DMCI Homes also manages the entire community they built, from maintenance to troubleshooting.
"We want to build small communities of not more than 400 residential units per project for if it’s big, the residents will not know each other plus a bigger community means higher maintenance costs," said Tet Abad Santos, general manager of DMCI Homes in an interview.
The middle-income housing projects of DMCI Homes include the Lakeview Manors, Morning Sun Townhomes, and the Vista de Lago condominium units (under construction) in Taguig; Hampstead Gardens in Sta. Mesa, Manila; and the East Ortigas Mansions (under construction), which is a mixed residential development of townhouses and condominiums in Pasig City. The housing units of DMCI Homes in these locations cost around PhP1-6 million.
DMCIHI chose the middle-income market because in the locations of their projects, like Sta. Mesa and Taguig, the communities are mostly in the middle income bracket and they want their projects to match the market in the community.
Alfredo Austria, DMCIHI vice president for business development, also said that the middle income market has good potentials as shown by studies of economists (see industry report).
The entrance of the East Ortigas Mansions in Pasig.
"Based on the demographics alone, Metro Manila has around 10 million in population and let’s say that 5 percent are in the middle income bracket. That’s around a market of 500,000. "
In its 2001 annual report, DMCIHI also reported positive market reactions in their initial projects.
"Based from (sic) the success of our initial middle income residential projects like the Lakeview Gardens in Taguig and Hampstead Gardens in Sta. Mesa, Manila, we expect significant cash contribution to come from housing development," the Annual Report stated.
Mr. Austria said the company had plans to put up small residential communities to complement their construction business but it was not in the near future. He said these residential projects were pushed ahead of time due to the fact that there were lesser infrastructure contracts for the company and they needed to generate cash flow from their land banks and equipment.
"We have a land bank of around 80 hectares in Metro Manila, with bulk of it situated in Taguig. With our land bank and experience in construction, this is a business that we know and in the process of being able to sell our units we are effectively selling our land and getting revenues out of our construction equipment instead of it just depreciating," added Mr. Austria.
"Residential communities are where the market is as most of the sectors are still recovering and foreign investors are not coming in. Also, our construction works have significantly lessened," said Isidro A. Consunji, DMCIHI president in an interview.
Mr. Austria said that DMCIHI plans to utilize its land bank in the coming years by increasing their middle income housing projects. Currently, he said that DMCI Homes is mulling on developing another small middle-income residential community in Cainta along Imelda Avenue and a medium rise residential building in Taguig.
EAST ORTIGAS MANSIONS
One of DMCI Homes’ ongoing middle-income residential developments is located in a 2-hectare compound in Pasig City along Ortigas Avenue extension and within 30 to 45 minutes of the major central business districts (CBD) like Makati and Ortigas.
The dining area of the 3-bedroom model unit of East Ortigas Mansions.
East Ortigas Mansions, which is slated to have its first batch of occupants this year and to be completely built by 2004, is a PhP750-million mixed residential development. It will have six buildings that will house five-storey condominium units with floor spaces ranging from 50 square meters to 121 square meters with two to four bedroom units.
It also has a separate cluster wherein 12 townhouses are located with the floor area of the townhouse units ranging from 100-212 square meters.
Mr. Austria said that around 50 units have been sold for the East Ortigas Mansions and 12 units have been sold last December. For 2003, he said he expects around 20 units to be sold per month.
Ms. Abad-Santos said that what DMCI Homes wants for their market is to have condominium living within a subdivision set up.
A three-level clubhouse, that is already constructed, has in it a bar, an entertainment room, billiards, an eatery and a penthouse that can be booked for parties. The clubhouse is situated in the middle of the development.
In front of the bar is a swimming pool for the exclusive use of the residents. Basketball and tennis courts will also be put up inside the residential development.
A multi-level parking facility is also being constructed to accommodate the vehicles of the residents. However, the residents will have to buy the rights for the parking space which is priced at a one time fee of around PhP200,000.
The first batch of occupants are expected to move in this year.
Inside the two-hectare compound are two commercial establishments that are within walking distance. One is S & R price mart, a warehouse grocery establishment and the outlet yard, a commercial strip that will house garments and clothing establishments which will sell at factory prices.
There is also a commercial establishment right next to the compound, the Ever Gotesco mall.
"If the residents want to watch a movie or want fresh food they could just walk to the mall and buy groceries at S & R," said Mr. Austria.
When asked about the traffic problem along the Ortigas Avenue extension which has a lot of commercial establishments, Mr. Austria said that there is traffic all over Metro Manila and what the residents have to do is estimate the time when the traffic flow is light and heavy in the area so that they could plan their travels.
For the entire development, Mr. Austria said that they are expecting around PhP1 billion in income once a majority of the units have been sold.
"We want to stay in the housing segment first and be really good in this market segment as there is currently an oversupply of buildings, the industrial sector has no investments and most investors are going to other Asian countries like China and Vietnam," added Mr. Consunji. -- Alab D. Vitug
The Philippine property sector: Opportunities despite the slump?
By VERONICA C. SILVA, Sub-editor
The real estate industry is one sector where economists and analysts alike have been cautious in making predictions. Apart from the fact that the sector involves long-term investments, there are many risks involved.
Nevertheless, it is one of the important sectors of the country’s economy and one of the indicators of its economic health. Services generated from the real estate industry form part of the economy’s services sector, one of the fastest growing industry sectors of the economy.
Real estate covers the management and operation of property for residential and non-residential use. It includes buildings and houses, and estates for rent. It also covers services involved in the ownership of the house, technically referred to in the national income accounts as the "ownership of dwellings."
The construction industry is one of the allied industries of the property sector. Photos by Ben Razon
The sector’s importance lies in its linkages with other sectors.
It is linked with the construction sector which is responsible for building the structures on top of the land. It also has linkages with the services sector, such as urban planning, architecture and design. And finally, when the structures are built, real estate also contributes to the uptick in the consumption sectors, considering that occupants of structures spend for food and utilities and other services.
The real estate industry alone accounts for 4.5% of the country’s economic output. One of its chief allied industries, construction, which includes the provision and manufacture of construction materials, makes up another 4.5%.
As an important sector of the economy, real estate is sensitive to economic and political conditions. Thus, economists and market analysts regularly monitor macroeconomic and political developments that may bear on the sector.
For instance, high interest rates turn off real estate investors, including developers and home buyers. An unstable political situation easily discourages foreign investors, including locators in industrial estates.
Conversely, other sectors bear on the growth of the real estate sector. For instance, the growth of investments in the country spur real estate development.
BOOM-BUST CYCLE
As an indicator of the country’s economic health, the industry has had its share of highs and lows. Economists have noted a boom and bust cycle of between two to four years. Economic indicators reveal a sensitive real estate sector vulnerable to local and international developments.
Shortly after Ninoy Aquino’s assassination in 1983, the sector suffered a decline, posting a negative growth rate of 3.7% in gross value added from a growth rate of almost two per cent in the early 1980s.
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Housing, retail sub-sectors: property’s only hope?
ALAB D. VITUG, Reporter
Still reeling from the effects of the 1997 Asian financial crisis, the real estate industry continues to struggle on the road to recovery.
Two of its sectors remain resilient in the market, bringing hope to the industry as these show signs of recovery and growth. These are the housing/residential and the retail/commercial sectors.
The residential sector is divided into three subsectors, namely: mass housing, middle-income housing and the high-end residential market -- or what is known as the luxury market.
Low-cost housing ranges from PhP200,000 to PhP800, 000. Middle-income housing ranges from PhP1 million-PhP5 million per house and lot, townhouse or a condominium unit. The cost of residences in the luxury segment starts from PhP5 million.
Although the sector has been in the doldrums since the 1997 financial crisis, market players are unfazed. On the contrary, market players are positioning themselves and finding their own place under the sun.
Among the players in the residential sector are companies such as Ayala Land, Inc., (ALI) Megaworld Corporation; Keppel Philippines Properties, Inc. (KPPI), the property arm of Singapore-based Keppel Land International Limited; DMCI Holdings, Inc. (DMCIHI); and Filinvest Land, Inc. (FLI).
The retail segment covers the property developers who are building commercial centers and targeting the "malling crowd" who come from a wide spectrum of society.
Market players in this segment include SM Prime Holdings, Inc., operators of the country’s largest retail chain, the SM malls, Robinsons Land, Inc., ALI, KPPI, and the Araneta Group, operators of the Araneta commercial center.
A facade of the East Ortigas Mansions, a mid-income residence being developed by DMCI Homes Inc. Photos by Ben Razon
In the residential sector, the segment that has emerged lately and shown growth potential is the middle-income residential market.
Prospects are also bright for farm lot projects in the luxury segment. "The trend that is currently dominating the real estate sector is ’selective’ development wherein property developers choose niches to pursue their developments.
In the residential sector, most developers are focusing on developments in the middle-income housing segment, which is actually doing very well," said Richard T. Raymundo, manager of the research and consultancy division of property research consultant Colliers International, in an interview with BusinessWorld Online.
Selective development in the property market is in stark contrast with the industry’s direction before the Asian financial crisis, said Mr. Raymundo.
Most of the developments then were moving in all sectors, whether it is the industrial, office, leisure or the high-end residential segment, which used to be one of the big earners.
MIDDLE-INCOME MARKET
Property developers see the middle-income segment as the driver of growth for the market, since in the middle-income segment, housing is a need.
"For the buyers in the middle-income residential segment, housing is a need. That is why we are focusing mainly on this market for we see a resilient market niche in this segment," said Ang Wee Gee, KPPI president.
In its 2001 Annual Report, KPPI said the "middle-income residential prospects remain sound, notably for projects in and around the major business districts. Based on market feedback, buyers’ interests are focused on affordability and the availability of friendly in-house financing schemes. The middle-income residential sector is anticipated to benefit most from the-low interest rate environment."
Its first residential development in the Philippines targets the middle-income residential market. Located in Pasig City, Palmdale Heights will offer 29 residential blocks consisting of about 4,000 condominium units.
Property developers said middle-income buyers have the purchasing power to own a home in this price range, with banks like Bank of the Philippine Islands (BPI) offering as low as 8.75% per annum for housing loans.
In its July 2002 quarterly research report, Colliers International noted that the licenses to sell in the middle-income residential sector approved by the Housing and Land Use Regulatory Board (HLURB) increased by 9.5% in the first five months of 2002 to 15,773 from 14,399 licenses in 2001.
Listed construction firm DMCIHI is also setting its sights on the middle-income housing market. It recently refocused its thrust from constructing retail malls and buildings to developing residential communities. It commercial development projects include the Rockwell Center and Glorietta 4 in Makati and the new International School of Manila, which is still under construction at the Fort Bonifacio Global City.
In its annual stockholder’s meeting last August 2001, DMCIHI announced the creation of a new subsidiary, DMCI Homes, to handle its housing projects. The thrust of DMCI Homes would be the full-scale construction of small middle-income residential communities.
"Based from (sic) the success of our initial middle income residential projects like the Lakeview Gardens in Taguig and Hampstead Gardens in Sta. Mesa, Manila, we expect significant cash contribution to come from housing development," stated the DMCI 2001 Annual Report.
The middle-income housing projects of DMCI Homes include Lakeview Manors, Morning Sun Townhomes, and the Vista de Lago condominium units which are under construction in Taguig, Hampstead Gardens in Manila and the East Ortigas Mansions, a five-storey residential unit in Pasig City which is still being developed. Units cost around PhP1 million to PhP3 million.
"Residential communities are where the market is, as most of the sectors are still recovering, and foreign investors are not coming in. Also, our construction works have significantly lessened," said Isidro A. Consunji, DMCI president.
"We want to stay in the housing segment first and be really good in this market segment as there is currently an oversupply of buildings. The industrial sector has no investments and most investors are going to other Asian countries like China and Vietnam," added Mr. Consunji.
The new Greenbelt: Entertainment amidst the greens
With the slump of both the office and residential properties in the real estate market, the retail sector remains to be a promising sector, with increased consumer spending fuelling its growth as well as studies showing that average occupancy rates of retail malls are around 90%.
In an office briefing paper of property consulting firm FPDSavills released last November, it said that "Grade A" rental levels in the Makati and Ortigas central business districts dropped 14% and 28%, respectively, during the third quarter of 2002 compared to the same period in 2001.
The drop in the performance of these sectors is in contrast with the growth and expansion of retail giants like Shoemart (SM) and Ayala Land Inc. (ALI) and other players in the retail sector (see industry report).
One of the trendiest malls in Makati and a part of the retail expansion of ALI is Greenbelt 2 and 3, the newest place to stroll along, shop, drink, dine and hang out in.
In the heart of the busy Makati central business district (CBD), where tall buildings and busy streets dominate the landscape, a seemingly unique commercial center stands forth in a lush green setting.
Greenbelt’s themed gardens with the Makati skyline at the background. Photos by Ben Razon
Revolving around a 2.6 hectare park that houses around 640 trees and consisting of several themed gardens that include palm, Zen, tropical and orchid, the new Greenbelt 2 and 3, located at the Ayala Center in Makati prides itself as being the city’s first urban entertainment center where a select variety of fastfood eateries, bars, shops and restaurants are integrated into a mall surrounded by a park.
Fully operational since October, the new Greenbelt 2 and 3 offers a variety of leisure needs -- whether it’s shopping, watching movies, dining al fresco or simply just hanging around for entertainment purposes.
"The mall culture in the last five years has changed a lot and we’ve seen it become a place where you can practically do everything," said Winnie Nazareth, assistant vice president for marketing of the ALI commercial centers group, operators of the Greenbelt malls.
The evolution of the mall culture can be seen in the large amount of people that go to malls in the Philippines as the volume can reach up to a million a day.
SM Prime Holdings (SMPH), operators of the SM chain of malls, is thenumber one crowd drawer in the Philippine retail market while ALI is second. BusinessWorld earlier reported that SMPH estimates over a million people a day go to all its malls on regular days, with the number possibly doubling during sale season. ALI, on the other hand, estimates Ayala Center in Makati is visited by about 450,000 people per day on weekdays and close to half a million people on weekends.
ANOTHER LEVEL
"Greenbelt wants to take it (malling) to another level. We don’t want people to go to a mall because they want to go the grocery, or get a new pair of shoes. We want people to go to Greenbelt because it’s where the action is. You go there to bond with your family, hang-out with friends, or talk shop with clients," added Ms. Nazareth.
"Greenbelt is the first of its kind in several ways. We feel that it is the first real urban entertainment center primarily for its unique food and entertainment offerings. Architecturally, it lends itself to that kind of concept wherein a park and a building coexist together on the ground floor," said Miriam Katigbak, ALI senior vice president and head of commercial centers group.
Greenbelt’s uniqueness in its food and entertainment offerings could be attributed to the selection of its eateries, which varies from international fastfood to the newest restaurants and bars in town. Some restaurants offer an open air bistro environment while some are quaint little cafes offering casual dining clustered in a modern setting.
Food Choices at Greenbelt is a food court offering a variety of cuisines such as Asian fusion cuisine in Kitchen, Japanese in Nanbantei, Vietnamese in Hue Vietnamese and Italian in Grappas, among others. However, the tag prices are definitely intended for the upscale Makati crowd -- a sumptous lunch will not go lower than PhP100.
"We want to stretch the envelope so we keep looking on what else customers would want and what innovation we could give them for that is what they are looking for and we believe that is what we do best and we will continue to do so for our other projects," said Ms. Katigbak.
Makes sense somehow. Economists and analysts are encouraging real estate developers to differentiate themselves in a market that’s experiencing a slump and where competition is intense.
The al fresco eateries, which are located at the ground floor also offers food variations from Italian, fusion to French cuisine. Entertainment in Greenbelt consists of jazz quartets in its mini courtyard, live performances from bands in its bars, to just simply hanging outside the park to the sound of water cascades coming from the fountain in the park.
Greenbelt 3 has cinemas, two of which are THX-equipped and three are digital.
The park also has several ponds, with one having fishes that passersby can feed. And by the end of 2003, the Ayala Museum, which will feature art exhibitions and cultural memoirs, will be added to the Greenbelt lineup.
For shoppers, Greenbelt 3 carries retail shops that are mostly lifestyle shops and interactive retail stores that are also established in other retail malls like Sony, Regatta, Prima Linea, Nike Park, Timezone, Waipai and Pineapple home furnishing among others.
Greenbelt 3 has five cinemas, two of which are THX-equipped and three are digital. These cinemas are patterned after the multiplexes in the US, which is a stadium sty