...it's about time to make a thread...hehehhe! :)


...ang ebedensya sa SM at SRP

(pic & text from Freeman)
http://img508.imageshack.us/img508/3029/freemanpichires.jpg
SM Prime Holdings president Hans Sy turns over to Cebu City Mayor Tomas Osmeña the initial payment of P406 million for a portion of SRP to the city government as other city and SM officials look on following the signing of the agreement yesterday. CYRIL CAMPOREDONDO


pic from Sun Star Online (originally posted by @kindofperfect82888 & gtjr)
http://img199.imageshack.us/img199/1650/smsrp5.png

******************

:)
AFTER SIGNING DEAL TO BUY SRP LOT, SM set to pour P21B into Cebu
THE FREEMAN
15-January 2009
By EHDA M. DAGO-OC

After closing the P2.7 billion deal with the Cebu City government for the purchase of 30 hectares at South Road Properties (SRP), SM Prime Holdings is ready to pour in at least P21 billion in investments here for the next eight years.

SM Prime Holdings president Hans Sy said yesterday that the company will be investing at least P20 billion for the development of the SRP property, plus another P1 billion for the establishment of another mall in the northern part of Cebu.

Sy was in Cebu yesterday to sign the Memorandum of Agreement (MOA) with the City of Cebu led by Mayor Tomas R. Osmeña for the closure of the lot buy negotiation.

Sy, personally turned over a total of P406,456,800.00 to the Cebu City government yesterday and the company now has a total installment payment of about P670 million.

According to Sy, SM will be building one of the 10 largest malls in the world at SRP with 250 thousand square meters allocated for shopping mall development only.

The entire 30 hectares will be a total integrated facility that will host two hotels, a huge convention center of about 20 thousand square meters, high-rise residential and commercial condominiums, a university and a hospital.

“This is the start of the whole new ballgame. We are going roll our sleeves. This is the project we’ve envisioned for Cebu,” Sy said.

The formal ground breaking for the horizontal development of the SM project at SRP is set in the next few months, “probably before the rainy season,” Sy said.

The company will first build the shopping mall in the next two and a half years, and it will be followed by other developments like the construction of convention center (similar to its Manila facility SMX at Mall of Asia), the two hotels and eventually the high-rise condominiums.

Simultaneously, while SM Prime is working on to build the project at SRP, Sy said it will also start the construction of the shopping mall to be located in the northern part of Cebu.

Sy however, refused to elaborate on the northern Cebu shopping mall project, as negotiations with its partner is still on going.

He said SM will be spending about a billion pesos for the construction of SM Shopping mall in northern Cebu.

The P21 billion that SM will be investing in Cebu, excluded the company’s outlay on the soon to open Radisson Hotel, which incurred an investment of P2.8 billion.

According to Sy, Cebu’s well-managed economy is one of the reasons why the company has put its money here.

“We are confident of how the whole Cebu is being managed. We are going to duplicate in Cebu what we’ve done in Manila,” he said.

It took SM Prime Holdings three years to negotiate with the Cebu City government for the purchase of the lot at SRP. During the special session yesterday, the city legislators agreed to authorize Mayor Osmeña to sign a deed of conditional sale for 304,100 square meters with SM Prime Holdings president Hans T. Sy.

The city legislators passed the proposed resolution of Councilor Jose Daluz III to allow the mayor to sign the deed of sale with Sy after Councilor Edgardo Labella, who chairs the committee on laws of the Cebu City Council, said there is no legal impediment if the city will enter into a conditional sale for the 30.4 hectares at P2,709,712,000.

The unsolicited proposal of SM Prime Holdings Incorporated to purchase the city lots was published in two newspapers of national and local circulation, Labella said, and no other interested party expressed interest to purchase and to challenge the proposal.

The signing of the deed of conditional sale was done inside the SM City Cebu witnessed by almost all of the city councilors and many barangay captains.

City administrator Francisco “Bimbo” Fernandez explained to Vice Mayor Michael Rama that the principal amount of P2,709,712,000 is payable for six years at an interest of five per cent per annum on a diminishing balance.

After paying the P406 million yesterday, SM Prime Holdings is also required to pay another P433.9 million in four installments within this year, while another P417 million will be paid in 2011.

Fernandez said SM Prime Holdings will also pay P400.1 million in 2012, then P383.1 million in 2013. Another P366.2 million will be paid on 2014, and the last payment of P349.2 million will be settled on 2015.

“Wala na tay problema sa pangbayad sa utang sa city gikan sa Japan Bank for International Cooperation kay gawas sa ibayad sa SM, duna pay millions of pesos nga bayad nga atong makolekta gikan sa Filinvest Land Incorporated,” the city administrator said.

FLI also purchased 10 hectares of the SRP and entered a joint venture project with the city for another 40 hectares.--/NLQ[/QUOTE]


pic by @rustyboi
http://i62.photobucket.com/albums/h102/cebupics3/SRP/SRPdevtplan.jpg


old perpective plan - pic by @slimer
http://img94.imageshack.us/img94/7104/smsrp.jpg


...for Presentation Purposes only
http://img687.imageshack.us/img687/1258/srpsm.jpg
pic edited by @slimer

How manySqM ang CICC?

exciting 2010 ahead of us!

^^ so, ang SMX will be built na diay sa SRP...i wonder kung na-ay iMax...and...hmmm..ice skating rink?

related news.....



SM seals SRP stake (http://www.sunstar.com.ph/cebu/sm-seals-srp-stake)
Friday, January 15, 2010
Sun Star Online

CEBU City Hall earned its first billion from the South Road Properties (SRP) yesterday after it closed the sale of a 30-hectare lot to SM Prime Holdings Inc. worth P2.7 billion, three years after the negotiations started.

By 2012, the SRP will be home to the biggest shopping mall in the Visayas and Mindanao with a gross floor area of 25 hectares (??), SM Prime Holdings President Hans T. Sy said yesterday.

SM Prime will invest at least P20 billion for a mixed-use development project facing the sea, which will include a convention center, hotels, residential condominiums, a school and a hospital.

After they signed the deed of conditional sale yesterday afternoon, Sy turned over to Mayor Tomas Osmeña a P406-million check to complete its down payment of P677.4 million. This represents 25 percent of the contract price of P2,709,712,000.

The P270.9-million bid bond paid earlier will form part of the down payment.

This is Cebu City Hall’s second sale at the SRP, after its deal with Filinvest Land Inc. (FLI).

SM Prime will make four quarterly payments this year that will amount to P433 million so that by the end of 2010, SM Prime will have paid the City a total of P1.11 billion.

Enough

“This is the start for us. We will roll up our sleeves and we will definitely deliver a project that all Cebuanos will be proud of. This is really a project that we envisioned that will attract not only Cebuanos but also those from Visayas and Mindanao and even from Luzon,” Sy said.

With the P677-million down payment, the City has so far earned P1.04 billion from the SRP, which includes Filinvest’s P348-million down payment last year and Bigfoot Properties’ lease payment of P15.2 million for the past two years.

Osmeña said the City’s income from SM Prime and the City’s sale and joint venture contracts with FLI will be enough to cover the loan payments for the SRP until 2025, so the City does not need to sell any more properties after the SM deal.

“It is anticipated that the City will not have to sell additional property to meet our debt service because with the installments coming in from SM and Filinvest and the other revenues we will be generating from the joint venture, I think it will be more or less enough to meet the debt service for the entire SRP,” he said in a speech after the turnover of the check.

For this year alone, the City stands to earn P1.11 billion from SM Prime, P298 million from FLI and P7.7 million from Bigfoot, which will be more than enough to cover its loan obligation of P693.3 million to Land Bank of the Philippines for 2010.

Since 1996, the City has so far paid P3.32 billion for its SRP loan.

As specified in the contract, SM Prime will pay the balance of P2,032,284,000 over a period of six years in quarterly installments, with a five percent annual interest.

Plans

Vice Mayor Michael Rama, city councilors and department heads witnessed the signing of the deed of conditional sale at SM City Cebu conference hall yesterday afternoon.

During the event, Sy presented yesterday their plans for the property and said they will break ground later this year, with construction work continuing in the next eight years.

The first structure to rise will be the shopping mall with a gross floor area of 250,000 square meters, which he said would be similar to the Mall of Asia in Pasay City.

The construction of a hotel with a minimum floor area of 60,000 square meters and the convention center with a minimum floor area of 20,000 square meters will follow.

After five years, Sy said they may consider starting the residential condominiums, the school and hospital.

SM Prime vice president Ronald Tumao said that what attracted them to the SRP is its location, being the only property in the city with “a real sea view.”

The signing of the contract came after the City Council called for a special session yesterday morning so they can approve the resolution authorizing the mayor to sign the documents.

After making minor amendments in the contract, the council approved the resolution, saying the sale of the property went through “a transparent competitive selection process through a Swiss challenge.”

Since the components of SM Prime’s development were not included in the contract, the council agreed to make the documents of SM’s unsolicited proposal an integral part of the sale contract.

Of the 240-hectare area of reclaimed land in the SRP, only around 150 hectares are left, which includes the roads and other service areas.

The City sold a 10.6-hectare lot to FLI last year and entered into a joint venture agreement to develop another 40 hectares.

A three-hectare area is being leased to Bigfoot for 20 years.

Properties were also donated to the University of the Philippines (5.17 hectares), the Department of Public Works and Highways (4.8 hectares) and the Department of Health (2 hectares).

related news...


SRP, northern Cebu projects to cost SM Prime some P21B (http://www.sunstar.com.ph/cebu/srp-northern-cebu-projects-cost-sm-prime-some-p21b)
Sun Star Online
January 14, 2010


SM PRIME Holdings Inc. (SMPHI) is expected to pour in new investments amounting to a total of P21 billion in Cebu over the next eight years.

SMPHI president Hans Sy revealed this during an interview yesterday, following the formal signing of contracts for the firm’s purchase of a 30-hectare property at the South Road Properties (SRP).

The P20 billion of the new investments to come in will be used to fund its mixed-use development at SRP, which is seen to be completed in eight years.

The remaining P1 billion will be used to fund the mall project that SM is putting up in northern Cebu, which is expected to break ground in the next six months.

The SRP project and the one in the north will be built simultaneously.

Sy said the development should break ground before the start of this year’s rainy season.

“We are taking advantage of putting a mark here in Cebu…we (are looking at) duplicating in Cebu what we have done in Manila,” Sy said.

Although there are still final changes to be made to its development plan, Sy said the first project that will come in at its SRP property is the mall, which is going to have a gross floor area of 250,000 square meters.

The development will be patterned after the SM Mall of Asia in Pasig City, where after the mall started its operations, other developments followed.

At its SRP project, Sy said the company plans to put up a convention center and two hotels.

Two to five years following the completion of the mall, Sy said the company will put up a high-rise residential project, a school and a hospital.

In the next two months, SMPHI is expected to launch the name of its development at SRP. Sy said the name will have “something to do” with the ocean view at SRP.

Meanwhile, Sy said the Radisson Blu Hotel, which sits right next to the SM City Cebu in the North Reclamation Area, will “definitely open in June.”

“It was larger than we thought. It has 400 bedrooms and it is one project that will make Cebuanos proud,” Sy said.

He added that the Radisson Blu turned out “better than the five-star hotels in Manila.”

The hotel is already 95 percent complete and the turnover of operations is scheduled in March, when the training of the hotel staff will begin and run for about two to three months.

For the whole Radisson Blu project, SMPHI has already spent at least P2.8 billion

^^ guess nako is:

SM OCEAN DEEP Mall or SM WAVE MALL .... :lol:


...i can imagine a lot of "wavy" or "curve" design facade

Wow, swerte kaayo ang next mayor sa Cebu. Mangolekta na lang sa kita sa SRP. This is really Tomas' legacy. Hope the money translates to better public service and infra!

^^ guess nako is:

SM OCEAN DEEP Mall or SM WAVE MALL .... :lol:


...i can imagine a lot of "wavy" or "curve" design facade

Kakorny ani imong names Master diehard oi. Hahahahaa.

Basin nakadungog gyud si Henry Sy sa atoang MOP na name hahaha.


Excited na ko sa masterplan of development ani sa SM ug sa Filinvest!

^ yes bai...dapat apson nila ang infra need sa City...where should had been addressed first...

^^Tomas O's administration should get all the credits...They hurdled every possible obstacles just to materialize this project.

Now, it's time for Cebu City Hall to focus back on beautifying Cebu.

Viva Senor Sto. Nino...Viva Cebu...Pit Senyor!!!

http://photos-d.ak.fbcdn.net/hphotos-ak-snc3/hs146.snc3/17335_1299477934516_1457440254_801230_6298664_n.jpg

pic from sunstar.com.ph/cebu

box as usual pero okay na kaayo!! :cheers:

padak an nato ang render :)

http://img6.imageshack.us/img6/6868/cebumallperspective2010.jpg

hope to see the final renders soon. basin for presentation lang ni on what they're going to do with their property.
but it looks one big development that's really exciting!

^^ Much nice ang Master Plan Scale Model ana

A mall with 250K Sq meters... MOA has 400K.... It will soon become the Top 3 SM Mall in the country....

^^ guess nako is:

SM OCEAN DEEP Mall or SM WAVE MALL .... :lol:


...i can imagine a lot of "wavy" or "curve" design facade

:okay::okay:

murag themepark kay wave mall! :D:nocrook:

ako kay SM Ocean Marina Mall ;)

http://img80.imageshack.us/img80/7104/smsrp.jpg

^^
uy! thanks sa effort bai @redjie! :okay:

nice!

^^ SM Pacific Waterfront Mall.. hehe
ganda project to ah...congrats

^^
IMO, it won't use 'waterfront' because there is already a waterfront hotel in cebu. :D

gi-try lang nako ug masu'd ba gyud hehehe...

http://img253.imageshack.us/img253/7104/smsrp.jpg (http://img253.imageshack.us/i/smsrp.jpg/)

^^kuyawa bai sakto gajud na bai....

gi-try lang nako ug masu'd ba gyud hehehe...

http://img94.imageshack.us/img94/7104/smsrp.jpg (http://img94.imageshack.us/i/smsrp.jpg/)

nice job slimer! :okay:

I can already imagine a BRT terminal integrated to the mall complex! :cheers2:

SM Ocean Bay Park? anyway, just my guess :D hehe sounds like a mixed up Manila Ocean Park and SM Bay City. we've been speculating long enough for this mega project, I cannot contain my excitement any longer. Looking forward to SM Prime's official announcement, it's gotta be a big big day for SSC Cebu :okay:

^^ congrats to Cebu murag dili na lang gyud ko moadto ani'g Manila with my family for MOA. Naa na ma'y MOA-like SM complex diha, no need to go Metro Manila na gyud mi ani!

:) sm-srp

http://img199.imageshack.us/img199/1650/smsrp5.png

nice job slimer! :okay:

I can already imagine a BRT terminal integrated to the mall complex! :cheers2:

SM Ocean Bay Park? anyway, just my guess :D hehe sounds like a mixed up Manila Ocean Park and SM Bay City. we've been speculating long enough for this mega project, I cannot contain my excitement any longer. Looking forward to SM Prime's official announcement, it's gotta be a big big day for SSC Cebu :okay:

cool name pero wala may bay diri sa cebu. its just a strait...hehehe

so maybe SM Ocean Straits! :lol::lol::D

Kakorny ani imong names Master diehard oi. Hahahahaa.

Basin nakadungog gyud si Henry Sy sa atoang MOP na name hahaha.


Excited na ko sa masterplan of development ani sa SM ug sa Filinvest!


...wala gyud ka nisakay sa akong joke...LOL!

...wala gyud ka nisakay sa akong joke...LOL!

Hahaha, serious mode ko ron. :lol:

SM Mactan Channel na lang kaha to be accurate.:lol:

Or SM Channel Mall diba kasosyal paminawon.:lol:

SM Bayou

SM Lagoon Mall

Aaaaaaaaah! Kani diay!
Speaking of Cebu as a port city.

SM South Cove

SM South Port

SM South Harbour

weeet, weew (whistle)
asa mo?

sa SM Shhhhhhhhh.....nyahahaha.

SM South Marina (Hahaha...SM-SM)

SM Cebu South Cove (SM-CSC)



Mura akong pinakaganahan kay ang SM Cebu South Harbour!!!

^^
hehe nalingaw ko ani basa bai!

ok kaayu ang SM Cebu South Harbour para nako dapat naa e provide ug yachts diha dapita...

FROM WIKI...



List of the world's largest shopping malls

Mall Location GLA Total Area Remarks
1 New South China Mall[31] Dongguan, China 600,000 m2 (6.46 million sq ft) 890,000 m2 (9.58 million sq ft) 99.2 percent unoccupied[32]
2 SM City North EDSA Quezon City, Philippines 460,000 m² (4.74 million sq ft) It includes City Center Building, The Annex, The Block, Carpark Building and SkyGarden. Currently the largest mall in Southeast Asia after Golden Resources Mall, second largest mall in the world.
3 Central World[33] Bangkok, Thailand 429,500 m² (4.62 million sq ft) 550,000 m² (5.92 million sq ft) Area of the full complex is 1,024,000 m² including two skyscrapers.
4 SM Mall of Asia Pasay City, Philippines 410,000 m² (4.67 million sq ft)[citation needed]
5 Dream Mall Kaohsiung City, Taiwan 400,000 m² (4.5 million sq ft)
6 West Edmonton Mall Edmonton, Canada 350,000 m² (3.8 million sq ft) 570,000 m² (6.0 million sq ft) The largest mall in North America
7 The Dubai Mall[34][35][36] Dubai, UAE 350,000 m² (3.77 million sq ft) 1,124,000 m² (12.1 million sq ft) The largest mall in the world by area
8 SM Megamall Mandaluyong City, Philippines 348,000 m² (3.75 million sq ft) 420,000 m² (4.52 million sq ft)
9 Berjaya Times Square[37] Kuala Lumpur, Malaysia 320,000 m² (3.44 million sq ft) 700,000 m² (7.53 million sq ft)
10 Golden Resources Mall Beijing, China 320,000 m² (3.44 million sq ft) 440,000 m² (4.74 million sq ft)
11 Siam Paragon[38] Bangkok, Thailand 300,000 m² (3.23 million sq ft) 500,000 m² (5.38 million sq ft)
12 SM City Cebu Mabolo, Cebu City, Philippines 268,611 m² (2,891,305 sq. ft.) Consists of Northwing and Southwing. Largest mall in Central Philippines
13 King of Prussia Mall[39] King of Prussia, Pennsylvania, United States 259,000 m² (2.79 million sq ft) Consists of two separate buildings
14 Mall of America Bloomington, Minnesota, United States

^^
hehe nalingaw ko ani basa bai!

ok kaayu ang SM Cebu South Harbour para nako dapat naa e provide ug yachts diha dapita...

Wa nay problema bai Kit kay mora og apil gyud bitaw na sa plano ang pagdevelop sa marina sa SRP nga naay mga Yacht Clubs na diha.:cheers:

Ug ang akoang future yacht diha pod nako iparking. Hahahaha. Di na masagang!:lol::lol:

^^
hehe nalingaw ko ani basa bai!

ok kaayu ang SM Cebu South Harbour para nako dapat naa e provide ug yachts diha dapita...

atot uy. murag pier sa manila! south harbour! :lol::lol::nuts:

according to @blueguy sa mainthread, naa na daw ni name, confidential pa lang.

:) sm-srp

http://img199.imageshack.us/img199/1650/smsrp5.png

WOW.... ALL I CAN SAY SENYOR STO. NIÑO DAGHAN SALAMAT SA MGA GRASYA NA IMONG GIHATAG SA SUGBU.

SM Prime to spend P20b on Cebu shopping mall
Friday, January 15, 2010
Manila Standard

LISTED SM Prime Holdings on Thursday unveiled plans to build a second mall in Cebu, a 250,000-square-meter shopping paradise that will become the fourth biggest in the country when finished.

The mall will also be a self-contained community since it will be housing two hotels, a two-hectare convention center, and a cluster of high-rise residential condominiums, SM Prime president Hans Sy said.

Sy was in Cebu City to turn over a P400-million check to Mayor Tomas Osmeña, representing SM Prime’s down payment on the P2.7-billion acquisition of 30 hectares of reclaimed land from the city government.

“I assure you, we will definitely deliver not just an ordinary project, but a statement that will put ourselves in the map of the world,” Sy said, adding that the entire complex would be built in five years at a cost of P20 billion.

Osmeña said SM’s formal entry into the South Road Properties signaled the unfolding of a new chapter in the development of Cebu City. Earlier, Filinvest Land of taipan Andrew Gotianun also signed an agreement with City Hall to acquire 50 hectares out of the 295-hectare reclamation project.

With the payment streams from Filinvest and SM Prime—another P1 billion will be forthcoming from the SM Group by year-end—Cebu City is well on its way to pay off the P5-billion loan that the city government obtained from Japan to finance the ambitious reclamation project, Osmena said.

“Because of this, I am now recommending to the City Council for an ordinance that will double the prices of lots at the SRP,” he said.
Ferliza C. Contratista

one things for sure, the rendering posted is by sm investments, not just a sketchup by some adventurous addict :lol:

^^ yes bai, mao na ang gi-present ni Hans Sy (which was mentioned in one of the news articles) to the City Officials nga mao na ang development plan nila for SRP...

:) sm-srp

http://img199.imageshack.us/img199/1650/smsrp5.png

Unang nako na hunahunaan aning rendering murag dako kaayo reflective solar disc to the center to produce electrical energy. toink.:bash: Husto gyud ka bai @diehard nga dii nindot ang render. I think this is only for initial public consumptions. :lol:

Pwede i ngan na SM Waterfront Bay Mall or SM Marina Bay Center Cebu

SM GigaMall? :lol:

^^ according sa official statement, ang name ng mall ay something na related sa "OCEAN" ...rundown natin ang mga words na pwede ma-relate sa OCEAN...hehehhe!

English:
1. Aquatic or Aqua / Blue
2. Wave / Tide
3. Seafront / Waterfront
4. Breeze
5. Marine
6. Harbor / Port
7. Beach / Beachfront
8. Sail / Surf
9. Anchorage

Other foreign language:
1. Marina
2. Oceanica
3.
4.

Pwede i ngan na SM Waterfront Bay Mall or SM Marina Bay Center Cebu

Apil ba sa lease ang pond F sa SM or open ba for bidding kinsa mo develop para docking bays sa naay leisure boats. Mag office pud ang custom inkaso naay mga muklo aw smuggler diay. :nuts: :lol:

one things for sure, the rendering posted is by sm investments, not just a sketchup by some adventurous addict :lol:

^^ yes bai, mao na ang gi-present ni Hans Sy (which was mentioned in one of the news articles) to the City Officials nga mao na ang development plan nila for SRP...

that's part of the media kit distributed during the contract signing :)

it's just a representation of the development....

...it's about time to make a thread...hehehhe! :)


...ang ebedensya sa SM at SRP

(pic & text from Freeman)
http://img508.imageshack.us/img508/3029/freemanpichires.jpg
SM Prime Holdings president Hans Sy turns over to Cebu City Mayor Tomas Osmeña the initial payment of P406 million for a portion of SRP to the city government as other city and SM officials look on following the signing of the agreement yesterday. CYRIL CAMPOREDONDO


pic from Sun Star Online (originally posted by @kindofperfect82888 & gtjr)
http://img199.imageshack.us/img199/1650/smsrp5.png

******************


AFTER SIGNING DEAL TO BUY SRP LOT, SM set to pour P21B into Cebu
THE FREEMAN
15-January 2009
By EHDA M. DAGO-OC

After closing the P2.7 billion deal with the Cebu City government for the purchase of 30 hectares at South Road Properties (SRP), SM Prime Holdings is ready to pour in at least P21 billion in investments here for the next eight years.

SM Prime Holdings president Hans Sy said yesterday that the company will be investing at least P20 billion for the development of the SRP property, plus another P1 billion for the establishment of another mall in the northern part of Cebu.

Sy was in Cebu yesterday to sign the Memorandum of Agreement (MOA) with the City of Cebu led by Mayor Tomas R. Osmeña for the closure of the lot buy negotiation.

Sy, personally turned over a total of P406,456,800.00 to the Cebu City government yesterday and the company now has a total installment payment of about P670 million.

According to Sy, SM will be building one of the 10 largest malls in the world at SRP with 250 thousand square meters allocated for shopping mall development only.

The entire 30 hectares will be a total integrated facility that will host two hotels, a huge convention center of about 20 thousand square meters, high-rise residential and commercial condominiums, a university and a hospital.

“This is the start of the whole new ballgame. We are going roll our sleeves. This is the project we’ve envisioned for Cebu,” Sy said.

The formal ground breaking for the horizontal development of the SM project at SRP is set in the next few months, “probably before the rainy season,” Sy said.

The company will first build the shopping mall in the next two and a half years, and it will be followed by other developments like the construction of convention center (similar to its Manila facility SMX at Mall of Asia), the two hotels and eventually the high-rise condominiums.

Simultaneously, while SM Prime is working on to build the project at SRP, Sy said it will also start the construction of the shopping mall to be located in the northern part of Cebu.

Sy however, refused to elaborate on the northern Cebu shopping mall project, as negotiations with its partner is still on going.

He said SM will be spending about a billion pesos for the construction of SM Shopping mall in northern Cebu.

The P21 billion that SM will be investing in Cebu, excluded the company’s outlay on the soon to open Radisson Hotel, which incurred an investment of P2.8 billion.

According to Sy, Cebu’s well-managed economy is one of the reasons why the company has put its money here.

“We are confident of how the whole Cebu is being managed. We are going to duplicate in Cebu what we’ve done in Manila,” he said.

It took SM Prime Holdings three years to negotiate with the Cebu City government for the purchase of the lot at SRP. During the special session yesterday, the city legislators agreed to authorize Mayor Osmeña to sign a deed of conditional sale for 304,100 square meters with SM Prime Holdings president Hans T. Sy.

The city legislators passed the proposed resolution of Councilor Jose Daluz III to allow the mayor to sign the deed of sale with Sy after Councilor Edgardo Labella, who chairs the committee on laws of the Cebu City Council, said there is no legal impediment if the city will enter into a conditional sale for the 30.4 hectares at P2,709,712,000.

The unsolicited proposal of SM Prime Holdings Incorporated to purchase the city lots was published in two newspapers of national and local circulation, Labella said, and no other interested party expressed interest to purchase and to challenge the proposal.

The signing of the deed of conditional sale was done inside the SM City Cebu witnessed by almost all of the city councilors and many barangay captains.

City administrator Francisco “Bimbo” Fernandez explained to Vice Mayor Michael Rama that the principal amount of P2,709,712,000 is payable for six years at an interest of five per cent per annum on a diminishing balance.

After paying the P406 million yesterday, SM Prime Holdings is also required to pay another P433.9 million in four installments within this year, while another P417 million will be paid in 2011.

Fernandez said SM Prime Holdings will also pay P400.1 million in 2012, then P383.1 million in 2013. Another P366.2 million will be paid on 2014, and the last payment of P349.2 million will be settled on 2015.

“Wala na tay problema sa pangbayad sa utang sa city gikan sa Japan Bank for International Cooperation kay gawas sa ibayad sa SM, duna pay millions of pesos nga bayad nga atong makolekta gikan sa Filinvest Land Incorporated,” the city administrator said.

FLI also purchased 10 hectares of the SRP and entered a joint venture project with the city for another 40 hectares.--/NLQ


pic by @rustyboi
http://i62.photobucket.com/albums/h102/cebupics3/SRP/SRPdevtplan.jpg


pic by @slimer
http://img94.imageshack.us/img94/7104/smsrp.jpg[/QUOTE]


that's pretty huge! ;)

^^ according sa official statement, ang name ng mall ay something na related sa "OCEAN" ...rundown natin ang mga words na pwede ma-relate sa OCEAN...hehehhe!

English:
1. Aquatic or Aqua / Blue
2. Wave / Tide
3. Seafront / Waterfront
4. Breeze
5. Marine
6. Harbor / Port
7. Beach / Beachfront
8. Sail / Surf
9. Anchorage

Other foreign language:
1. Marina
2. Oceanica
3.
4.

here's my suggestions:

sm harbour view mall
sm marina mall
sm mall of the pacific
sm boardwalk mall
sm city ocean view mall

I know the name already ahahhahaha...
My friend is the son of the General Manager of SM City Cebu
bwahahahahhaa :lol:

^ ba't ayaw mo sabihin @shark...pa-thrilling ka pa dyan....LOL! or, PM mo na lang...heheh! ..by the way, who's the GM of SM Cebu?

pwede pa.PM din? hehe. my lips will be sealed with super mighty bond. :)

I know the name already ahahhahaha...
My friend is the son of the General Manager of SM City Cebu
bwahahahahhaa :lol:

Bai, pwede PM sad ko be... Migo bitaw ta:) Thanks....mwahhhh!;)

^ or, para lingaw @shark...let's have a word play or give us hints or fill in the blanks like that until we completed the exact name of the new mall at SRP...hehehhe!

I know the name already ahahhahaha...
My friend is the son of the General Manager of SM City Cebu
bwahahahahhaa :lol:

^ ba't ayaw mo sabihin @shark...pa-thrilling ka pa dyan....LOL! or, PM mo na lang...heheh! ..by the way, who's the GM of SM Cebu?

pwede pa.PM din? hehe. my lips will be sealed with super mighty bond. :)

Bai, pwede PM sad ko be... Migo bitaw ta:) Thanks....mwahhhh!;)

^ or, para lingaw @shark...let's have a word play or give us hints or fill in the blanks like that until we completed the exact name of the new mall at SRP...hehehhe!


wala man GM ang SM City Cebu...baka ang Radisson t:lol:

Wala nalang kay si Sir Blueguy man ang GM...:D

^ yeah...i know na VP for VisMin lang ang naka-based sa SM Cebu....and that would be Marissa Fernan...before, my former boss is the Manager of SM Supermarket Cebu...sa uban nga position are Dept. Store Manager and Mall/Operations manager...

...

keep it lang sa @sharkleman... i can wait in two months time hehehe...

btw, ako gi-edit using @gtjr's copy of the rendering.

http://img253.imageshack.us/img253/7104/smsrp.jpg (http://img253.imageshack.us/i/smsrp.jpg/)

^ What my friend say its a Operations Manager for
SM City Cebu and its Mrs. Alunan if I am not mistaken..

Dli ko mag saba ahehehehe :lol:
Naa na gani mga blueprints about sa mall. And the miniature of the project
too is there. I also got the chance to hitch with her car and with his husband
and my friend which is her son.

I'll wait till the horse mouth will say it para wala'y leaking. :)

^^me too bai, I can wait... ;)
Pero, hala ka bai....wa man nimo gibulgar ang name sa mall, imo sad gibulgar ang situation sa ila family ron,hehehe :D


4 floors gyud na ang mall? Coz if 4 floors then the GFA is 250K sqM. So roughly 250K times 4 = 1000K SqM. Kadako nasad gud ana... Biggest in the world naman na...lol

keep it lang sa @sharkleman... i can wait in two months time hehehe...

btw, ako gi-edit using @gtjr's copy of the rendering.

http://img253.imageshack.us/img253/7104/smsrp.jpg (http://img253.imageshack.us/i/smsrp.jpg/)

^^woow wat a big project.....promising City jud ang Cebu..any way i went here na sa SRP and super ganda ng highway and ung land area ang laki....any way anu ung name ng SM mal na to may name na ba?nice din siguro kung SM Mall of Cebu ang name niya heheh....

Ms. Alunan is the manager of SM City Cebu Foodcourt.

...mohangyo lang unta ko nga ang mga forumers bisag sa ka-excited, dili unta mang-namedrop, salamat

@mast. sinj
I already erased the family thing. But I really didn't say the main prob. but
let's wait until the name will be revealed.. I know the name will make us proud
and be different from the other malls in cebu.

But I think there is a final design. And it can also be changed.
Like The Terraces which was labeled before as the "Leisure Oasis"

pwede pa.PM din? hehe. my lips will be sealed with super mighty bond. :)

Bai dabert, kung sealed na sa gi-ingon nimo, na, tube feeding direct to your stomach imong kaon. :jk: :hammer: :)

5 years pa diay ilang mga condo.SM Mall diay unahon nila aron dili direct competition sa FLI condo developments. :)

^ yeah...i know na VP for VisMin lang ang naka-based sa SM Cebu....and that would be Marissa Fernan...before, my former boss is the Manager of SM Supermarket Cebu...sa uban nga position are Dept. Store Manager and Mall/Operations manager...



Parente :)

Bai dabert, kung sealed na sa gi-ingon nimo, na, tube feeding direct to your stomach imong kaon. :jk: :hammer: :)

5 years pa diay ilang mga condo.SM Mall diay unahon nila aron dili direct competition sa FLI condo developments. :)

according to the press release.. the residential condo's will be built within the next 2-5 years.......

i think.. if their is already a demand for it.. SM will not wait for the 5 years...

But for sure.. residential condos will follow after.. the mall, the convention center and the hotel will be built.

@mast. sinj
I already erased the family thing. But I really didn't say the main prob. but
let's wait until the name will be revealed.. I know the name will make us proud
and be different from the other malls in cebu.

sure gyud ni bai ha. bantay bitaw mas nindot pa paminawon ang mall of the pacific! :lol::D:D:nocrook::jk:

SM Prime to spend P20b on Cebu shopping mall
Friday, January 15, 2010
Manila Standard

LISTED SM Prime Holdings on Thursday unveiled plans to build a second mall in Cebu, a 250,000-square-meter shopping paradise that will become the fourth biggest in the country when finished.

The mall will also be a self-contained community since it will be housing two hotels, a two-hectare convention center, and a cluster of high-rise residential condominiums, SM Prime president Hans Sy said.

Sy was in Cebu City to turn over a P400-million check to Mayor Tomas Osmeña, representing SM Prime’s down payment on the P2.7-billion acquisition of 30 hectares of reclaimed land from the city government.

“I assure you, we will definitely deliver not just an ordinary project, but a statement that will put ourselves in the map of the world,” Sy said, adding that the entire complex would be built in five years at a cost of P20 billion.

Osmeña said SM’s formal entry into the South Road Properties signaled the unfolding of a new chapter in the development of Cebu City. Earlier, Filinvest Land of taipan Andrew Gotianun also signed an agreement with City Hall to acquire 50 hectares out of the 295-hectare reclamation project.

With the payment streams from Filinvest and SM Prime—another P1 billion will be forthcoming from the SM Group by year-end—Cebu City is well on its way to pay off the P5-billion loan that the city government obtained from Japan to finance the ambitious reclamation project, Osmena said.

“Because of this, I am now recommending to the City Council for an ordinance that will double the prices of lots at the SRP,” he said.
Ferliza C. Contratista

I knew it, more hotels for Cebu!:banana:

...it's about time to make a thread...hehehhe! :)


...ang ebedensya sa SM at SRP

(pic & text from Freeman)
http://img508.imageshack.us/img508/3029/freemanpichires.jpg
SM Prime Holdings president Hans Sy turns over to Cebu City Mayor Tomas Osmeña the initial payment of P406 million for a portion of SRP to the city government as other city and SM officials look on following the signing of the agreement yesterday. CYRIL CAMPOREDONDO


pic from Sun Star Online (originally posted by @kindofperfect82888 & gtjr)
http://img199.imageshack.us/img199/1650/smsrp5.png

******************


AFTER SIGNING DEAL TO BUY SRP LOT, SM set to pour P21B into Cebu
THE FREEMAN
15-January 2009
By EHDA M. DAGO-OC

After closing the P2.7 billion deal with the Cebu City government for the purchase of 30 hectares at South Road Properties (SRP), SM Prime Holdings is ready to pour in at least P21 billion in investments here for the next eight years.

SM Prime Holdings president Hans Sy said yesterday that the company will be investing at least P20 billion for the development of the SRP property, plus another P1 billion for the establishment of another mall in the northern part of Cebu.

Sy was in Cebu yesterday to sign the Memorandum of Agreement (MOA) with the City of Cebu led by Mayor Tomas R. Osmeña for the closure of the lot buy negotiation.

Sy, personally turned over a total of P406,456,800.00 to the Cebu City government yesterday and the company now has a total installment payment of about P670 million.

According to Sy, SM will be building one of the 10 largest malls in the world at SRP with 250 thousand square meters allocated for shopping mall development only.

The entire 30 hectares will be a total integrated facility that will host two hotels, a huge convention center of about 20 thousand square meters, high-rise residential and commercial condominiums, a university and a hospital.

“This is the start of the whole new ballgame. We are going roll our sleeves. This is the project we’ve envisioned for Cebu,” Sy said.

The formal ground breaking for the horizontal development of the SM project at SRP is set in the next few months, “probably before the rainy season,” Sy said.

The company will first build the shopping mall in the next two and a half years, and it will be followed by other developments like the construction of convention center (similar to its Manila facility SMX at Mall of Asia), the two hotels and eventually the high-rise condominiums.

Simultaneously, while SM Prime is working on to build the project at SRP, Sy said it will also start the construction of the shopping mall to be located in the northern part of Cebu.

Sy however, refused to elaborate on the northern Cebu shopping mall project, as negotiations with its partner is still on going.

He said SM will be spending about a billion pesos for the construction of SM Shopping mall in northern Cebu.

The P21 billion that SM will be investing in Cebu, excluded the company’s outlay on the soon to open Radisson Hotel, which incurred an investment of P2.8 billion.

According to Sy, Cebu’s well-managed economy is one of the reasons why the company has put its money here.

“We are confident of how the whole Cebu is being managed. We are going to duplicate in Cebu what we’ve done in Manila,” he said.

It took SM Prime Holdings three years to negotiate with the Cebu City government for the purchase of the lot at SRP. During the special session yesterday, the city legislators agreed to authorize Mayor Osmeña to sign a deed of conditional sale for 304,100 square meters with SM Prime Holdings president Hans T. Sy.

The city legislators passed the proposed resolution of Councilor Jose Daluz III to allow the mayor to sign the deed of sale with Sy after Councilor Edgardo Labella, who chairs the committee on laws of the Cebu City Council, said there is no legal impediment if the city will enter into a conditional sale for the 30.4 hectares at P2,709,712,000.

The unsolicited proposal of SM Prime Holdings Incorporated to purchase the city lots was published in two newspapers of national and local circulation, Labella said, and no other interested party expressed interest to purchase and to challenge the proposal.

The signing of the deed of conditional sale was done inside the SM City Cebu witnessed by almost all of the city councilors and many barangay captains.

City administrator Francisco “Bimbo” Fernandez explained to Vice Mayor Michael Rama that the principal amount of P2,709,712,000 is payable for six years at an interest of five per cent per annum on a diminishing balance.

After paying the P406 million yesterday, SM Prime Holdings is also required to pay another P433.9 million in four installments within this year, while another P417 million will be paid in 2011.

Fernandez said SM Prime Holdings will also pay P400.1 million in 2012, then P383.1 million in 2013. Another P366.2 million will be paid on 2014, and the last payment of P349.2 million will be settled on 2015.

“Wala na tay problema sa pangbayad sa utang sa city gikan sa Japan Bank for International Cooperation kay gawas sa ibayad sa SM, duna pay millions of pesos nga bayad nga atong makolekta gikan sa Filinvest Land Incorporated,” the city administrator said.

FLI also purchased 10 hectares of the SRP and entered a joint venture project with the city for another 40 hectares.--/NLQ


pic by @rustyboi
http://i62.photobucket.com/albums/h102/cebupics3/SRP/SRPdevtplan.jpg


pic by @slimer
http://img94.imageshack.us/img94/7104/smsrp.jpg[/QUOTE]

^^surprise! surprise! unbelievable development! this will be greater than SM MOA...congrats Cebu!:banana::banana::banana:

pic by @rustyboi
http://i62.photobucket.com/albums/h102/cebupics3/SRP/SRPdevtplan.jpg


pic by @slimer
http://img94.imageshack.us/img94/7104/smsrp.jpg

^^surprise! surprise! unbelievable development! this will be greater than SM MOA...congrats Cebu!:banana::banana::banana:[/QUOTE]

where man kaha dapita sa srp ang colliseum/sports center ibutang ni tom kay the ccsc is already max naman siguro during sinulog which can spell disaster kon magstampede ang mga tao.

^ What my friend say its a Operations Manager for
SM City Cebu and its Mrs. Alunan if I am not mistaken..

Dli ko mag saba ahehehehe :lol:
Naa na gani mga blueprints about sa mall. And the miniature of the project
too is there. I also got the chance to hitch with her car and with his husband
and my friend which is her son.

I'll wait till the horse mouth will say it para wala'y leaking. :)

^^me too bai, I can wait... ;)
Pero, hala ka bai....wa man nimo gibulgar ang name sa mall, imo sad gibulgar ang situation sa ila family ron,hehehe :D




Don't worry... its not her....wala man sad GM ang SM....try to visit their admin makita ninyo ang Table of Org nila....yun lang if you have official business...

@mast. sinj
I already erased the family thing. But I really didn't say the main prob. but
let's wait until the name will be revealed.. I know the name will make us proud
and be different from the other malls in cebu.

But I think there is a final design. And it can also be changed.
Like The Terraces which was labeled before as the "Leisure Oasis"

not only proud... you will be mesmerized:cheers: :banana: :cheers:

^^ yeah baby!! wohoooo!! new concept ni siya sir?? or ala MOA or skygarden? or something very new nga murag orgasm ang resulta...hehehe :)

not only proud... you will be mesmerized:cheers: :banana: :cheers:

haaay! nana sad ni... Mag tanga nasad sa trabaho sigeg huna huna sa design ..hehehe

Mall of the SEA = mall of southeast asia

one things for sure, the rendering posted is by sm investments, not just a sketchup by some adventurous addict :lol:

correct pao . . . dili pareha sa uban diha magbuhat2x or mag edit nalang ug existing rendering then buhatan dayon ug pangalan sa lugar nila :bash::lol:

hehehe... ay ayaw ana bai... let's be grateful of what we have and let's not mind the others:)

:ohno:

I've never known any other shopping experience than going to SM. I hope people there will benefit from this project and goodluck.

basta I think this is the first SM Mall that is not directly a square shaped.
but a curved rectangle mall. :lol:

@anjobox
Ako nagud na ang ga ngan sa MOP but i'm really hoping
they will reconsider the MOP name but saon wala na tay mabuhat..

basta I think this is the first SM Mall that is not directly a square shaped.
but a curved rectangle mall. :lol:


...i can't imagine a curved rectangle...heheh!

^ Sorry po. Nag Nosebleed nako ug pangita ug words para i-describe

^ mura'g "horseshoe"?

this one is really a very big and exciting project for Cebu. Congratulations Cebu! You deserve these kind of projects. Hope this will stir a Healthy competition between Manila and Cebu flagships, as well to other cities. Imagine our country where all citiess are very competitive.

btw.

the design and render looks very beautiful and massive. I wonder how Manila's MoA will react on this one. This will give them a big run for their money.

...i can't imagine a curved rectangle...heheh!

Kana tingali pupareho sa mga condo bai, labi nimo matumpag.

http://www.joe-ks.com/archives_feb2005/CurveBuilding.htm

http://www.techxilla.com/2009/10/04/it-is-the-building-not-your-head-that-is-twisted/

the design and render looks very beautiful and massive. I wonder how Manila's MoA will react on this one. This will give them a big run for their money.

:lol::runaway:

...i can't imagine a curved rectangle...heheh!

a "J"? nga Arial Black ang font? :D

I think this mall is one of the longest construction days
to accomplish. Mga 5 years for the whole mall. Planning
stage pa diay sila. Pwede pa mailisan ang design ug name.

^ huh! sayop diay to gisulti ni Sy na 2011 or 2012 ba 'to?

^ Mao ingon ako migo.

I think this mall is one of the longest construction days
to accomplish. Mga 5 years for the whole mall. Planning
stage pa diay sila. Pwede pa mailisan ang design ug name.

planning stage siguro referring to two months time-frame before the official announcement :dunno: yeah as far as the announcement coming from Mr. Sy himself, in two years time mahuman na ang mall. then around 5 years after nila launch ang residential projects. so siguro 5 years from now, human na ang mall, hotels and the convention center.

I think this mall is one of the longest construction days
to accomplish. Mga 5 years for the whole mall. Planning
stage pa diay sila. Pwede pa mailisan ang design ug name.

5 years before nila sugdan ang condos

and before nila sugdan ang condos human na ang mall after two years, say 2012 or beyond

at least thtats what they announced sa press.

the design and render looks very beautiful and massive. I wonder how Manila's MoA will react on this one. This will give them a big run for their money.

big run for their money? i dont think so, that would be corporate suicide. im sure these moves were carefully planned by SMIC.

keep it lang sa @sharkleman... i can wait in two months time hehehe...

btw, ako gi-edit using @gtjr's copy of the rendering.

http://img253.imageshack.us/img253/7104/smsrp.jpg (http://img253.imageshack.us/i/smsrp.jpg/)

maayo untag di ni ang final sa? mas panindoton pa unta.. box ra kaayo mga building, gipacurve lang ang usa...hehe! pero mao japon matchbox ra jud japon ning SM....hehe!

SM Magestic Mall

SM Mall of the Orient

^^
WOW! nindot sir fred! :D

pun-an lang nako gamay....SM Grand Oriental Mall! :banana::banana::banana:

pero mao japon matchbox ra jud japon ning SM....hehe!

mao daw gadala ug swerte hehe

maayo untag di ni ang final sa? mas panindoton pa unta.. box ra kaayo mga building, gipacurve lang ang usa...hehe! pero mao japon matchbox ra jud japon ning SM....hehe!

As posted, that photo is for presentation purposes only on the proposed land use/allotment. Let's all just wait for the final design and ofcourse, the final, finished product. :)

and hopefully, the future SM Pyrofest will be held there! hehehe... that would be nice!

dili pa maghuot ang mga tao ug BRT pa.

SM Mall of the Orient

Mura'g Princess of the Orient? :lol:

^^
WOW! nindot sir fred! :D

pun-an lang nako gamay....SM Grand Oriental Mall! :banana::banana::banana:

Na-apil napud ang Gaisano Grand. :nuts: :lol:

nice ug mga name dah!!

ang ako kay
SM SouthHarbor - SMS

^^SM Queen of the South Mall?

pwede pud
SM City Tsunami xaro!!:lol:

SM OceanCity

SM SeatyView

naa pay mas lami...

SM Aqua Mall

SM Mall of the South

SM Mall of the Oceanworld


:cheers::cheers::cheers:

^^Since its about tides/sea, nindot pud siguro ang:

- SM Balili Mall (although sa Cebu City ni, pero Balili is already a Cebu-wide term)

- SM Mall of Atlantis

:)

^^Since its about tides/sea, nindot pud siguro ang:

- SM Balili Mall (although sa Cebu City ni, pero Balili is already a Cebu-wide term)

- SM Mall of Atlantis

:)

^^ Balili was very controversial, dili gyud musugot si Mayor Tom ana. :lol:

SM Kilid Mambaling nalang oi!:lol:

SM Kilid Mambaling nalang oi!:lol:

^^:lol::rofl::hahaha:

^^ SMKM, murag KMK

aw SM South Recle diay :D

naa pay mas lami...

SM Aqua Mall

SM Mall of the South

SM Mall of the Oceanworld


:cheers::cheers::cheers:

way labut nang Aqua Mall pangalan bay bai, kay gi patent na sa Capitolyo. Para sa Balili development sa Naga nila Gwen. Toink. :nuts: :lol:

Actually the real meaning of SRP-SM (Suya Ra ang Probinsya- Suya Mo?)....:nuts:

SM Mall of the South? or SM Mall of the Queen?

SM QUEEN MALL

SM Pacific Royale! hehehe....
murag 007 James Bond: Casino Royale! :lol::lol::crazy::crazy:

^ mura'g barato na ang corny pills karon...daghan man nakainom...joke! LOL!

SM QUEEN MALL

Naa na dri, Queens Mall sa Queens County og Kingsland Mall sa Kings County sa NYC. Ang predominant tenants is Macy's department Store. :)

SM Atbang Cordova lang :lol:
Seriously, huwat nalang ta sa announcement kay naa naman daw name.

For me.. Still the best pa gihapon ang SM Mall of the Pacific.............maski unsa pa nga name.. morag dili ka tupong sa prestige on such name...

pde pod SM South Road..hehehehehe

^ mura'g barato na ang corny pills karon...daghan man nakainom...joke! LOL!

hahaha...mao gyud sir @diehard. uy di ko hubog ron ha! :lol::D

SM Atbang Cordova lang :lol:
Seriously, huwat nalang ta sa announcement kay naa naman daw name.

lagi. masakit lang ta sigeg pamunyag og pangalan unya dili diay to mao. :lol:

For me.. Still the best pa gihapon ang SM Mall of the Pacific.............maski unsa pa nga name.. morag dili ka tupong sa prestige on such name...

mahatagan gyud nato'g award ang forumer na nagbunyag aning pangalana ba! :lol::D:D

KUNG madayon ang design, this will be a first sa SM nga curved box. Am I right?:)

^^
most probably. ;)

probably.. not....

mahatagan gyud nato'g award ang forumer na nagbunyag aning pangalana ba! :lol::D:D
hahaha, mo-claim ko ani na award hahahaa :lol:

Another names came out to my mouth:

SM Ocean Bay Mall

SM Discovery Bay City

SM Waterfront Marina Drive

SM Mall of the Stars ??
waa Princess of the Stars? :bash:

naghimo2x lang ko ug names para daghan mong
choices para i-name. I wish SM would have a
name-a-mall promo. Like in the Royal Carribean Cruise.
The Oasis and the Allure Series.

^ mersmerizing daw ang name according to @blueguy

KUNG madayon ang design, this will be a first sa SM nga curved box. Am I right?:)

Post #99: Presentation purposes only...

Even malls that are already u/c still change their designs so let's just be patient and stop speculating, shall we?

Wa may lingaw Mike, just passing the time. Sige kaon sa ta :popcorn: :colbert:

@Mike... Oks raman. Maka lingaw man sad... Labi na gikan work nya kapoy, si di sad maayo kung puro ra sad serious, lingaw lingaw raman ;)

bitaw lingaw-lingaw lang kay medyo layo pa ang official announcement hehe...

how about SM Curved Rectangle Mall? hehehe...

Sakto, it's all in good, clean fun kining magtagnatagna sa pangan ug sa design. hehehe. When it becomes final, there isn't any room for imagination left. So we flex our imaginative muscles while we still can. hehehe.

yeah correct.. lets not be too serious about the name.. kay even gusto nato ni sya na name and also the design.... mogawas jud ang real unya puhon...

Kani ato lingaw lingaw lang gud........ just to discuss the project bah.. this is actually a by product of our excitement sa SM SRP or Mall of the Pacific or whatever puhon....

uy kadtong gipangenumerate ni bai @shark, timani to kay basin naa diha ang clue! :lol::nuts::D

Post #99: Presentation purposes only...

Even malls that are already u/c still change their designs so let's just be patient and stop speculating, shall we?

i think all of us here know na its for presentation purpose only, and until the final render is revealed, i dont think theres anything wrong with making assumptions on how it will look like. and as they said, lingaw lingaw ra man to sa ila, theyre not serious man ato wui.

^^
partly serious pud biya ko bai @pau...:lol::lol::D:nuts:

^^ aw toink, na hala, with the exception of main... kinsa pa dihay seryoso? :lol:

on my side, akong nakita sa porma kay letter C nga medyo bukhad, dili curved box, probably c for C-ebu? nyahahaha

ok rman mg tagna2x ta sa name nia....we don't know na mg bisitaan ra diay si Hans Sy dri..nia dri ra diay mo kuha ug idea ug name about sa coming SM ...hehehe

^^ aw toink, na hala, with the exception of main... kinsa pa dihay seryoso? :lol:

on my side, akong nakita sa porma kay letter C nga medyo bukhad, dili curved box, probably c for C-ebu? nyahahaha

hehehe...C for Cebu; C for Sy! :D:D:D

@mainstream
Basta huwat lang ta sa press release..
Tama si sir blueguy its mesmerizing. At first
dili pa ko ka-memorize sa name but na suwat
na nako. But My friend never told me the name
again. Kay SUPER SECRET na kaayo.
Na slip-of-the-tongue ra cguro to. Mao na nahinganlan
nya ang name sa mall. Basta wait for the official release

aw SM Super Secret diay ni. :lol:

^^ sounds good,, SM MAll of Secret :nuts::nuts::lol:

right bai nya if mopalit ka, "naa mo'y small ani?". saleslady: "secreet!":lol:

na unsa naman ni oi na secret na noun hehehhehehe

Mahjong namanni tingali nga secret naman gi hisgutan. :lol:

Busy pa ang mga architect sa drawing sa SM mall ug mintrastanto nag order pa mga piling. :) Na hala mga SSC manghipus nata wawart para andam pang down payment sa future condo. :nuts: :banana: :)

Mall of the Philippines? basta SM Mall nalang na uie! :D

Bet nko ky SM City Seaview

:banana::banana:

@mainstream
Basta huwat lang ta sa press release..
Tama si sir blueguy its mesmerizing. At first
dili pa ko ka-memorize sa name but na suwat
na nako. But My friend never told me the name
again. Kay SUPER SECRET na kaayo.
Na slip-of-the-tongue ra cguro to. Mao na nahinganlan
nya ang name sa mall. Basta wait for the official release

taas diay kay i-memorize ug i-suwat pa man :)
my guess: "SM SOUTH PACIFIC MARINA MALL" or "SM SOUTH PACIFIC MALL"

SM City SEA BREEZE

SM QUEENSBAY MALL

SM Pearl of the Orient Sea

SM Mall of the Orient Sea

SM TC (Tupad Carbon) -- bugal2x lang.

SM Queen of the Seafront

SM Queen of the Ocean


SM Waterfront Queen


SM Queen of the South infront of the Sea



:nuts::nuts::lol::lol::banana::banana:

^^

COOL NAMES....

^^

COOL NAMES....

Maski naa nay pangalan, ganahan lang mi mag tag-an2x. :)

feel nako its a one word name, but that word is a conjunction of two words, one ancient (maybe greek, latin) relating to the sea, and the other word describes how grand/big/complex the structure is..

something like 'aquapolis', but this is not my guess sa name, just to prove my point lng.. heehehe

Maski naa nay pangalan, ganahan lang mi mag tag-an2x. :)

OT: hahah... mga adik man gud mga taw diri sir @fred. pasagdahan na lang nato ba...:lol::lol::nuts::rofl::D

So happy for Cebuanos for this mega-develpopment. :) Cheers!

My guess: SM Cebu Waterfront

^^

Hotel?

^^The hotel in Salinas is Waterfront Cebu City Hotel & Casino.

:) sm-srp

http://img199.imageshack.us/img199/1650/smsrp5.png

If this is the proposed plan of the project, I think the name that wud best fit the project is "The Esplanade".

It wud be wise not to include the word 'mall' in the name because the entire project is not solely a mall but an integrated development as it includes also (aside from the mall which is the centerpiece of the project) condominium and hotel towers, a university, a hospital, and a convention center.

If this is the proposed plan of the project, I think the name that wud best fit the project is "The Esplanade".

It wud be wise not to include the word 'mall' in the name because the entire project is not solely a mall but an integrated development as it includes also (aside from the mall which is the centerpiece of the project) condominium and hotel towers, a university, a hospital, and a convention center.

There's an existing establishment part of the Mall of Asia called One Esplanade :D :okay:

http://img225.imageshack.us/img225/200/p1060742zg3.jpg
by ju66ernaut

http://www.charleskeng.com/images-sm/1esplanade3817u.jpg
by charleskeng

There's an existing establishment part of the Mall of Asia called One Esplanade :D :okay:

http://img225.imageshack.us/img225/200/p1060742zg3.jpg
by ju66ernaut

http://www.charleskeng.com/images-sm/1esplanade3817u.jpg
by charleskeng


I think that doesnt matter at all. Because the word "esplanade" isnt a trademark and can never be copyrighted. Thus it can be used freely and creatively. I dont know that there's an esplanade already in MOA as Ive never been there since 1989, save for the 2-day brief stay there on transit to Qatar.

And that one is "One esplanade" so "The Esplanade" wud still be okay. Surely, the word mall shud be best avoided because it's an integrated development project.

In that kind of project, using the SM and SRP initials and words mall or any other word that describes one particular component of the whole project is not a good idea. The naming convention shud be that of the entire development project.

Some suggestions: The Esplanade, The Esplanade Cebu, The Island Esplanade, The Blue Esplanade, The Pacific Esplanade.:)

I think that doesnt matter at all. Because the word "esplanade" isnt a trademark and can never be copyrighted. Thus it can be used freely and creatively. I dont know that there's an esplanade already in MOA as Ive never been there since 1989, save for the 2-day brief stay there on transit to Qatar.

And that one is "One esplanade" so "The Esplanade" wud still be okay. Surely, the word mall shud be best avoided because it's an integrated development project.

In that kind of project, using the SM and SRP initials and words mall or any other word that describes one particular component of the whole project is not a good idea. The naming convention shud be that of the entire development project.

Some suggestions: The Esplanade, The Esplanade Cebu, The Island Esplanade, The Blue Esplanade, The Pacific Esplanade.:)

For me.. i dont think its a good name...

Esplanade is already well known in Manila as a high end restobar...
Its not wise to use the name for SM SRP.

Anyway.. there is already a name for it.. Let us just wait for the final announcement come May or June of 2010.

I think that doesnt matter at all. Because the word "esplanade" isnt a trademark and can never be copyrighted. Thus it can be used freely and creatively. I dont know that there's an esplanade already in MOA as Ive never been there since 1989, save for the 2-day brief stay there on transit to Qatar.

And that one is "One esplanade" so "The Esplanade" wud still be okay. Surely, the word mall shud be best avoided because it's an integrated development project.

In that kind of project, using the SM and SRP initials and words mall or any other word that describes one particular component of the whole project is not a good idea. The naming convention shud be that of the entire development project.

Some suggestions: The Esplanade, The Esplanade Cebu, The Island Esplanade, The Blue Esplanade, The Pacific Esplanade.:)

who knows, you might have guessed it :D yeah, the Esplanade has been operational for several years now. Regarding SM SRP, the only clue we got from the press release, the name has something to do with the ocean view.

^^ Basin SM AQUA ESPLANADA


:lol::lol::lol:

kalain, mura mag empanada

^^
:lol::lol::hilarious:rofl::D

murag makaon atot! :bash:

diba naa man pud sa Singapore na The Espalade?
http://www.theodora.com/wfb/photos/singapore/esplanade_singapore_photo_stb.jpg

http://www.johnnyjet.com/images/PicsForNewsletterSingapore6272004EquinoxHighTeaESPLANADE.JPG

http://artradarasia.files.wordpress.com/2009/11/singapore-esplanade1.jpg?w=340&h=278

i think its too copycat to name it. hehe...
in my mind pwede THE PALISADES...

PALISADES - noun.

1. a fence of pales or stakes set firmly in the ground, as for enclosure or defense.

2. any of a number of pales or stakes pointed at the top and set firmly in the ground in a close row with others to form a defense.

3. Palisades, a line of cliffs.



pic by @slimer
http://img94.imageshack.us/img94/7104/smsrp.jpg
... i think those series of buildings lining along the SM Main Mall looks like PALISADES at the back of POND A.

Palisades, Hiway na sa Northern New Jersey running on a cliff along Hudson River boundary sa NY State. :)

^^
Right Sir @Fred. more commonly called New Jersey Palisades or Hudson Palisades! ;);)

^^
:lol::lol::hilarious:rofl::D

murag makaon atot! :bash:

diba naa man pud sa Singapore na The Espalade?
http://www.theodora.com/wfb/photos/singapore/esplanade_singapore_photo_stb.jpg

http://www.johnnyjet.com/images/PicsForNewsletterSingapore6272004EquinoxHighTeaESPLANADE.JPG

http://artradarasia.files.wordpress.com/2009/11/singapore-esplanade1.jpg?w=340&h=278

kaning mga pics mura na gyud ug empanada, though i think ive read it somewhere na durian fruit ang inspiration ani na structure. viewing it from above, mura man diayg beetle. :lol:

nice design..

may unta ang SM will have a revolutionary design sa ilang sa SRP puhon.... Kanang one of a kind, which can attract more people and tourists.

nice design..

may unta ang SM will have a revolutionary design sa ilang sa SRP puhon.... Kanang one of a kind, which can attract more people and tourists.

sm will never get a revolutionary design for its mall or any of its component buildings in the srp simply because sm dont care much about artistry. they care much about functionality however dull and boring is the design for as long as they maximize the available space for profit-making. of course a revolutionary design entails hiring excellent world-class architects and engineers with fresh and outlandish ideas.

u can see all these eye-popping designs in the middle eastern cities particularly in dubai and doha, qatar where thematic cities literally sprout out of the arid and featureless desert sand. dubai and doha are like the hongkong and singapore of the middle east to earn the bragging rights as the best and most modern metropolis by hiring and paying premium rates to architects and engineers who could design buildings with universal appeal worthy of worldwide praise. visiting their cities is like visiting a museum of ultra-modern architecture only life-size not miniature.

SM Agua Bendita! :lol:

^^ :nuts: :lol:

sm will never get a revolutionary design for its mall or any of its component buildings in the srp simply because sm dont care much about artistry. they care much about functionality however dull and boring is the design for as long as they maximize the available space for profit-making. of course a revolutionary design entails hiring excellent world-class architects and engineers with fresh and outlandish ideas.

u can see all these eye-popping designs in the middle eastern cities particularly in dubai and doha, qatar where thematic cities literally sprout out of the arid and featureless desert sand. dubai and doha are like the hongkong and singapore of the middle east to earn the bragging rights as the best and most modern metropolis by hiring and paying premium rates to architects and engineers who could design buildings with universal appeal worthy of worldwide praise. visiting their cities is like visiting a museum of ultra-modern architecture only life-size not miniature.

Bisag unsa pa ka nindot ang mga cities infrastructures sa dubai or desert countries, one big down side is enit sa lugar most part of the year. Mureklamo man gali mga tao sa ato kung ting enit, unsa na kaha sila didto. Anyway to each its own. Ang tao mangita man gyud kaayohan sa iyang familia aron pagawas sa kalisud.

You are right business profit first before aesthetic

Way makalupig sa ilang kainit didto . . .

sm will never get a revolutionary design for its mall or any of its component buildings in the srp simply because sm dont care much about artistry. they care much about functionality however dull and boring is the design for as long as they maximize the available space for profit-making. of course a revolutionary design entails hiring excellent world-class architects and engineers with fresh and outlandish ideas.

u can see all these eye-popping designs in the middle eastern cities particularly in dubai and doha, qatar where thematic cities literally sprout out of the arid and featureless desert sand. dubai and doha are like the hongkong and singapore of the middle east to earn the bragging rights as the best and most modern metropolis by hiring and paying premium rates to architects and engineers who could design buildings with universal appeal worthy of worldwide praise. visiting their cities is like visiting a museum of ultra-modern architecture only life-size not miniature.


Well its true, but who knows, they might be thinking on the other way around for this project.... Lets just say... they wanted to put up a legacy by making this project different from the others... hehehe

The mall market in the country is getting very saturated na.. and the only way for SM to grow further is to expand in other countries which they are doing right now in China. So might be, as their legacy by constructing a mall different from the rest. The SRP is the best place for this. Who knows, the SM SRP mall will be iconic, it will be synonymous with Cebu's identity.

^^With all these development coming to Cebu, am so thankful that despite all the hardships that Cebuanos had encountered before and how others branded us, my parents and my clan did not leave Cebu. Let's continue bringing Cebu up.

Cebu, a country of peasants. :cheers: I love the race between the turtle and the rabbit.

Viva Sto. Nino! Viva Cebu!

kaning mga pics mura na gyud ug empanada, though i think ive read it somewhere na durian fruit ang inspiration ani na structure. viewing it from above, mura man diayg beetle. :lol:

Actually the original inspiration was a chinese lantern. It was supposed to be a full glass roofing that changes colors. It was rather the poor planning of the architect that made it iconic. After they have installed all the glass panels they found out that it was getting too hot inside due to the "Greenhouse effect". Duh! full glass roof structure in a tropical country of course its gonna get really hot. So they added those triangular canopies to cut the direct sunlight so it so ended up looking like a Durian. And Voila! he got a stunner in the making!

sm will never get a revolutionary design for its mall or any of its component buildings in the srp simply because sm dont care much about artistry. they care much about functionality however dull and boring is the design for as long as they maximize the available space for profit-making. of course a revolutionary design entails hiring excellent world-class architects and engineers with fresh and outlandish ideas.

u can see all these eye-popping designs in the middle eastern cities particularly in dubai and doha, qatar where thematic cities literally sprout out of the arid and featureless desert sand. dubai and doha are like the hongkong and singapore of the middle east to earn the bragging rights as the best and most modern metropolis by hiring and paying premium rates to architects and engineers who could design buildings with universal appeal worthy of worldwide praise. visiting their cities is like visiting a museum of ultra-modern architecture only life-size not miniature.

ayaw pod intawn i-under estimate atong architects diri cebu oi..kita lang kas mga design sa san carlos arki students diba makaingon ka nga kaya ra jud nato diri, sayon ra kayo na nga mga design oi...wala pa lang juy mo-attraka nga mga investors nga mo-go for revolutionary designs, gasto baya kayo na... may tong middle east kay datu baya kayo to sila.:) kabalo ba ka nga mga maayong engineers ngadto sa gawas kasagaran pinoy...

^^ I really do hope that SY will live up to its saying na --

"We will deliver not just an ordinary project but a statement that will put ourselves in the map of the world"


Ky sa tinood lng so far wla pa jud na clay developments na mka ingun ko na WOW!, ang nearest ra cguro ky ang MOA.. Most of their developments ky dli jud kau aesthetically appealing og dili eco-friendly.. No innovations. Balik2x ra ang mga design.. I really wish they will make SM SRP unique sa ilang mga projects.. Hopefully, an eco-friendly type of development not just a huge building to be included in one of the world's biggest

^^ I really do hope that SY will live up to its saying na --

"We will deliver not just an ordinary project but a statement that will put ourselves in the map of the world"


Ky sa tinood lng so far wla pa jud na clay developments ky mka ingun ko na WOW!, ang nearest ra cguro ky ang MOA.. Most of their developments ky dli jud kau aesthetically appealing og dili eco-friendly.. No innovations. Balik2x ra ang mga design.. I really wish they will make SM SRP unique sa ilang mga projects.. Hopefully, an eco-friendly type of development not just a huge building to be included in one of the world's biggest


Amen to that....

ayaw pod intawn i-under estimate atong architects diri cebu oi..kita lang kas mga design sa san carlos arki students diba makaingon ka nga kaya ra jud nato diri, sayon ra kayo na nga mga design oi...wala pa lang juy mo-attraka nga mga investors nga mo-go for revolutionary designs, gasto baya kayo na... may tong middle east kay datu baya kayo to sila.:) kabalo ba ka nga mga maayong engineers ngadto sa gawas kasagaran pinoy...

Sorry. I apologize to our architects if I inadvertently gave a disparaging remark on their capability. Honestly I didnt mean to look down on them. What I meant was that our building owners here dont care much about artistic and creative designs. But I beg to disagree also that revolutionary designs dont really mean high cost in the building.

^^ I really do hope that SY will live up to its saying na --

"We will deliver not just an ordinary project but a statement that will put ourselves in the map of the world"


Ky sa tinood lng so far wla pa jud na clay developments na mka ingun ko na WOW!, ang nearest ra cguro ky ang MOA.. Most of their developments ky dli jud kau aesthetically appealing og dili eco-friendly.. No innovations. Balik2x ra ang mga design.. I really wish they will make SM SRP unique sa ilang mga projects.. Hopefully, an eco-friendly type of development not just a huge building to be included in one of the world's biggest

Daizuke, that corporate motto might mean the size of their projects rather than aesthetics.:)

Sorry. I apologize to our architects if I inadvertently gave a disparaging remark on their capability. Honestly I didnt mean to look down on them. What I meant was that our building owners here dont care much about artistic and creative designs. But I beg to disagree also that revolutionary designs dont really mean high cost in the building.

Sakto, agree ko with Zuburbia nga when it comes to the pool of talent we have sa Cebu, ay na, kaya kaayo nang mga nindot nga designs. Ang mga buildings uban naa sa Dubai nga gipanhimo karon, some of these were designed by Cebuano architects. I can say that kay ako pod mga barkada nga archi graduates sa USC naa intawn didto. Hehe. Sagdi lang basin mamauli na to sila inig mukamang na ang construction boom sa Dubai.

But yeah, ang owners mismo sa mga buildings ang dili pa kaayo ready mu go for architecturally bold and expensive designs. Apan let us be patient kay it is generally a trend, magkaprogressive atong lugar, mas mu put premium na ang developers sa aesthetics nga aspect. Makita man pod nimo ba bisan sa nahitabo karon. Nagkaarte man ang atong mga buildings ba. hehe.
Pero sa tinuod lang, tanawa gud ang buildings sa Cebu og buildings sa Manila, bisan og mas gagmay atong buildings, in terms of design, dili baya ta layo og biya. Mas naa gani variety og mas photogenic atong buildings. Hehehe.

Daizuke, that corporate motto might mean the size of their projects rather than aesthetics.:)

Yeah.. I suspect so... But we can always hope for the better

SM Prime to start Cebu mall in 2012

The Philippine Star


MANILA, Philippines - SM Prime Holdings Inc., the country’s largest retail chain, will start the construction of its planned shopping mall within the 240-hectare South Road Properties in Cebu in 2012, according to a top company official.

SM Prime chief financial officer Jeffrey Lim said the shopping center will have a gross floor area of 250,000 square meters, making it the biggest retail complex in Visayas and Mindanao. The shopping mall would be a smaller version of the 60-hectare Mall of Asia complex along Roxas Boulevard.

SM Prime has committed to invest at least P20 billion over a 15-year period for a mixed-use development project at SRP which will include a convention center, hotels, high-rise residential condominiums, school and a hospital.

The company has offered to acquire a 28-hectare property within the SRP for P11,000 per square meter or nearly P3 billion. The SRP is a land reclamation project by the Cebu City government.

Aside from SM Prime, Filinvest Land Inc. is also developing 50.6 hectares of the SRP into a mixed-use complex. The project will be developed in four phases over a 20-year period with FLI contributing the development costs as well as the marketing and management services.

SM Prime is spending P12.1 billion this year for the opening of five new malls nationwide and one in China. Slated for opening this year are Calamba, Laguna; Masinag, Antipolo; Tarlac; Novaliches and San Pablo, Laguna which will provide a total of 279,228 square meters in gross floor area.

Three new malls in China – Chonggqing, Suzhou, and Zibo – are targeted for opening between 2010 and 2012. This will add to its three existing malls - SM Xiamen, Jinjiang and Chengdu.

SM Prime expects to have a total of 41 malls by end-2010 with total gross floor area of 4.5 to 4.8 million square meters. Its malls currently have a foot traffic of over 2.5 million per day. – Zinnia dela Peña

I wonder what will SM do with their SRP lot from 2010 to 2012. Basin tamnan sa na og sweet corn? :)

Morag the news bai.. kay di na tinood... It is clear baya Mr. Hans Sy himself told the mediamen, that the SRP project will start within 6 months..

I remember, the contract with Cebu City requires SM to put developments at least 6 months from date the negotiations is finalized.

^^I agree bai...Kay nganong magdali dali man ang SM og palit diha og yuta and then, dili ra dayon gamiton...And Mr. Hans Sy, as far as i can remember said, that whenever all the prospected deals are closed, construction will be done simultaneously...Well, not unless they have some changes on their plans, I will still hold on to Mr. Sy's words.

I think insakto ang news report kay unahon pa ang SM Consolacion, whose construction will begin this year.

Bitaw atoang klarohon haha. I think it won't be so bad to wait for another mall because I daresay we have more than enough malls already. But on the other hand, I don't think nga its to the advantage of the city to wait for 2 years na idle ang lot before magstart ang development.

i Sir Paul ra ang maka tubag ana... Sir Paul, asa naka? hehe

i Sir Paul ra ang maka tubag ana... Sir Paul, asa naka? hehe

Ipalihug adto mga lakawboys sa City hall sa opisina ni Paul para dali makuha ang mga info sa mga umaabot construction diha sa SRP. I apil napud pangutana mahitungud sa FLI projects. Thanks. :cheers2: :)

As of now, nag lingkod si Sir Paul sa usa ka bench sa Hong Kong Int'l airport... waiting sa iyang flight 9Am tomorrow pauli sa Sugbo...:okay:

Sakto, agree ko with Zuburbia nga when it comes to the pool of talent we have sa Cebu, ay na, kaya kaayo nang mga nindot nga designs. Ang mga buildings uban naa sa Dubai nga gipanhimo karon, some of these were designed by Cebuano architects. I can say that kay ako pod mga barkada nga archi graduates sa USC naa intawn didto. Hehe. Sagdi lang basin mamauli na to sila inig mukamang na ang construction boom sa Dubai.

But yeah, ang owners mismo sa mga buildings ang dili pa kaayo ready mu go for architecturally bold and expensive designs. Apan let us be patient kay it is generally a trend, magkaprogressive atong lugar, mas mu put premium na ang developers sa aesthetics nga aspect. Makita man pod nimo ba bisan sa nahitabo karon. Nagkaarte man ang atong mga buildings ba. hehe.
Pero sa tinuod lang, tanawa gud ang buildings sa Cebu og buildings sa Manila, bisan og mas gagmay atong buildings, in terms of design, dili baya ta layo og biya. Mas naa gani variety og mas photogenic atong buildings. Hehehe.

To add

In active SSC Cebu Forumer based in Dubai (northstar1804)

Archt. Catty Alonzo - one of the architect of Burj Khalifa

:rock:

not to mention our very own also, Alex Medalla. kanindot ra sa iyang mga designs ah.
Even the owner (an american) of my ex-company (hehehe) asked him to design his crib!

I think insakto ang news report kay unahon pa ang SM Consolacion, whose construction will begin this year.

Unahon ang SM Consolacion? I think they said they will build SM SRP and SM Consolacion simultaneously

i thought nga naay clause sa contract na construction to start within 6 months of title turnover/signing/payment??

Wapa mahuman drawing kay nahutdan eraser unya nabali pa ang mga lapis. :jk: :)

We will just wait na lang seguro sa within the year.... For me.. i strongly believe that it is no true.

Di lalim mag drawing mini city buildings oi. Mall, Residential towers, Hotels, stadium, office towers, recreational areas pa sa mga residents and tenants. detail pa gyud. :rock:

For the time being gamay raman ang SM Consolacion.

IMO ba, imbis na school maoy himuon sa SM, maayo pag stadium na lang o di ba kaha sila na lang maoy muhimo sa cebu megadome...:D:D:D

nah....... 2012 paman diay ang construction sa SM SRP. :(

nah....... 2012 paman diay ang construction sa SM SRP. :(

kala-ong man sad ko diay bai nga kron mag sugdan ang SM SRP.....sus dugay pa ana oi.....

^^wala lage gipost ang article ngari?

ok ra na uie! 2 years pa bitaw............ unahon sa ang Ayala. :)

ayala sa asa?

^^he probably meant Ayala expansion.

mao na ni ang link base sa website sa SM:
http://www.smprime.com/smprime/index.php?p=587&type=2&sec=49&aid=5474

^^wala lage gipost ang article ngari?

ok ra na uie! 2 years pa bitaw............ unahon sa ang Ayala. :)

at first, nalipong ko thinking kung unsa'y connection sa Ayala with SM... :lol:

mao na ni ang link base sa website sa SM:
http://www.smprime.com/smprime/index.php?p=587&type=2&sec=49&aid=5474


morag kana na story bai.. pick up ra sad sa Philippine Star... dili jud sya official announcement from the SM Management mismo.

If we recall, it is Mr. Hans Sy, who said that construction will start within the year... considering the there is actually a clause which requires SM to start construction within 6 months after the agreement (MOA) had been finalized

However, if this is true, this is truly disadvantageous to the city and it will have a negative repercussion to Tommy's leadership and possibly will be a potential issue against him this election period. :ohno:

^^ just a speculation bai...could it be that Filinvest complained to Tomas which made SM defer their plan this year? ....while SM is building a full serviced mall, Filinvest on the other hand is building a food/enterntainment strip...i'm sure SM SRP will have an Al Fresco or Food Strip area in their mall considering the nice ocean view which I thought will compete with Filinvest's food/entertainment strip...perhaps, Filinvest wanted to establish their company first at SRP because Tomas said that he will not allow businesses at SRP that compete with each other...secondly, both companies will build condos but I think this part of the project is okay with Filinvest because SM will build theirs after 3 or 5 years yet while Filinvest will have its groundbreaking within this year...

nah....... 2012 paman diay ang construction sa SM SRP. :(

Arangarang maka hipus pako sa akong piggy bank. Maayo kung makaigo ang wawart pang down. wishful thinking. toink :hammer: :nuts: :)

^^ just a speculation bai...could it be that Filinvest complained to Tomas which made SM defer their plan this year? ....while SM is building a full serviced mall, Filinvest on the other hand is building a food/enterntainment strip...i'm sure SM SRP will have an Al Fresco or Food Strip area in their mall considering the nice ocean view which I thought will compete with Filinvest's food/entertainment strip...perhaps, Filinvest wanted to establish their company first at SRP because Tomas said that he will not allow businesses at SRP that compete with each other...secondly, both companies will build condos but I think this part of the project is okay with Filinvest because SM will build theirs after 3 or 5 years yet while Filinvest will have its groundbreaking within this year...


But niingun man ang Filinvest na ayos ra daw sa ila.. In fact niingun sila it will "further validates SRP’s very exciting potentials"... heres the article (http://www.sunstar.com.ph/cebu/new-deal-competes-jv) ...

Dli man sad food/entertainment strip ang ilang una na i develop sa SRP.. Ky more on high rise residential condominiums and hotels (hopefully marina) man ang ilang mga initial projects.

Pero disappointing jud ghapon kung 2012 pa mg sugud og construct sa SM SRP.. :ohno::ohno::ohno:


morag kana na story bai.. pick up ra sad sa Philippine Star... dili jud sya official announcement from the SM Management mismo.

If we recall, it is Mr. Hans Sy, who said that construction will start within the year... considering the there is actually a clause which requires SM to start construction within 6 months after the agreement (MOA) had been finalized

However, if this is true, this is truly disadvantageous to the city and it will have a negative repercussion to Tommy's leadership and possibly will be a potential issue against him this election period. :ohno:


Mao guru ni imo psabot na clause.... "Although the contract with the city stipulates SM to build within 18 months, Sy said construction work will commence by the middle of 2010 for the 250,000-square-meter mall and the 60,000 square-meter convention center." taken from this article (http://www.smprime.com/smprime/index.php?p=587&type=2&sec=49&aid=5339)

Asa man ibutang ang white sand beach resort sa SRP? Nabasahan manto nako last week sa net. :)

at first, nalipong ko thinking kung unsa'y connection sa Ayala with SM... :lol:

Ok rana........ first times are sometimes wrong.:lol: Paunahon pa siguro nila ang Ayala ug expand to see unsa'y ika-add nila sa ilang bag-ong mall to match the former.:)

But niingun man ang Filinvest na ayos ra daw sa ila.. In fact niingun sila it will "further validates SRP’s very exciting potentials"... heres the article (http://www.sunstar.com.ph/cebu/new-deal-competes-jv) ...

Dli man sad food/entertainment strip ang ilang una na i develop sa SRP.. Ky more on high rise residential condominiums and hotels (hopefully marina) man ang ilang mga initial projects.

Pero disappointing jud ghapon kung 2012 pa mg sugud og construct sa SM SRP.. :ohno::ohno::ohno:





Mao guru ni imo psabot na clause.... "Although the contract with the city stipulates SM to build within 18 months, Sy said construction work will commence by the middle of 2010 for the 250,000-square-meter mall and the 60,000 square-meter convention center." taken from this article (http://www.smprime.com/smprime/index.php?p=587&type=2&sec=49&aid=5339)

Libog lage ay?:nuts: Ana sila in the middle of 2010 kuno magstart ang construction nya ang Philippine Star 2012 pa?:nuts: Unsa man ju'y OFFICIAL STATEMENT sa SM PRIME?

^^ There is probably a miscommunication sa sources since Philippine Star is not really based here in Cebu.. So probably second-hand info rani ila with errors.. Mas mo believe pko cgoro sa SunStar og Freeman ky most likely first hand info man jud cgoro usually ilang news ky nka base man ang both papers here in Cebu.

Duha ra gyud na...
MAG SUGOD og 2012 o MAHUMAN og 2012...

^^ ...remember, one the of the news article about SM Consolacion...it was mentioned "to start in 2011"...then later diay, "opening in 2011"...hehehe...pero, nabali man ni karon sa SRP...groundbreaking this year sa early news releases but later diay, sugdan sa 2012....basin tinood gyud na nga 2012 pa ang construction...heheh!

^^ There is probably a miscommunication sa sources since Philippine Star is not really based here in Cebu.. So probably second-hand info rani ila with errors.. Mas mo believe pko cgoro sa SunStar og Freeman ky most likely first hand info man jud cgoro usually ilang news ky nka base man ang both papers here in Cebu.

I agree... There's no point for SM to rush the sale and spent almost a billion to pay the city as downpayment .. then patulogon lang ang money nila.

Libog lage ay?:nuts: Ana sila in the middle of 2010 kuno magstart ang construction nya ang Philippine Star 2012 pa?:nuts: Unsa man ju'y OFFICIAL STATEMENT sa SM PRIME?

^^ahay! naunsa nani sila.. nawala na noon ang akung excitement!!:ohno::ohno:

^^SM Prime chief financial officer knows his cash flow. I think he is right na sa 2012 pa sugdan ang construction kay kulang pa ila budget. They still have a number of projects to complete. mangutang pa na seguro sila ug cash sa banko or mo issue sila bonds kay dako gud na nga mall, unya basig gui trabaho pa sa architect. gusto man ni Sy na sugdan dayon pero unsaon man kung di madala sa budget. naa pa projects nila sa china. huwat huwat na lang ta ani ug tinuig:)

^^ 2010 na bitaw ta ron!! Pfft! :lol::lol:

Diba una sa ang FLI unya apas ang SM 2 years after. :dunno: :nuts: :? :)

^^ 2010 na bitaw ta ron!! Pfft! :lol::lol:

sorry Cebuanong Totyal. edited na :)

^^SM Prime chief financial officer knows his cash flow. I think he is right na sa 2012 pa sugdan ang construction kay kulang pa ila budget. They still have a number of projects to complete. mangutang pa na seguro sila ug cash sa banko or mo issue sila bonds kay dako gud na nga mall, unya basig gui trabaho pa sa architect. gusto man ni Sy na sugdan dayon pero unsaon man kung di madala sa budget. naa pa projects nila sa china. huwat huwat na lang ta ani ug tinuig:)

Bai, just remember The Sy Family had a $4 in bank accounts.. Equivalnt to almost 200 Billion Pesos. :)

^ wow...na-a na ko'y Php50 billion...na-a ko'y $1 sa akong wallet karon...heheheh...joke lang bai!

Bai, just remember The Sy Family had a $4 in bank accounts.. Equivalnt to almost 200 Billion Pesos. :)

I also remember if I'm not mistaken about the magazine that I red last 2007 na the Three Chinese Tycoons na si Henry Sy, Robina Gokongwei og si Lucio Tan will together invest in the Philippines some $5 Billion for the next 5 years. This is to pay gratitude to the Filipinos for making them a Tycoon. Maybe the SM SRP project is one of their Philippine masterplan.

I also remember if I'm not mistaken about the magazine that I red last 2007 na the Three Chinese Tycoons na si Henry Sy, Robina Gokongwei og si Lucio Tan will together invest in the Philippines some $5 Billion for the next 5 years. This is to pay gratitude to the Filipinos for making them a Tycoon.

^ did you mean John Gokongwei?

Hana.. kadugay pa diay mag sugod ani nga project... abi nako mag sugod na karon nga year.... na unsa naba ni oiiee...:ohno::ohno:

Bai, just remember The Sy Family had a $4 in bank accounts.. Equivalnt to almost 200 Billion Pesos. :)

Henry Sy may have a net worth of $4 billion but how much cash (from his net worth) available for his future expansion projects we don't know. SM has so many projects unya nagbayad pa jud sila para yuta sa SRP. They even issued bonds for his current projects, so possible they'll do the same for his SRP mall:

SM Investments’ P10-b bond issue cleared
Sunday, May 30 - 31, 2009
By Jenniffer B. Austria

The Securities and Exchange Commission approved the P10-billion bond issuance of conglomerate SM Investments Corp.

Documents filed with the SEC showed that SM Investments would issue P5 billion worth of five and seven-year bonds and another P5 billion to cover over- subscription.

SM Investments plans to use proceeds from the bond offering to finance several projects, including the construction of Two E-Com Buildings and Arena Coliseum in the Mall of Asia Complex, the SMX Convention Center in Cebu and the expansion of SMX Mall of Asia Complex.

The company plans to use portion of the proceeds from the bond offering to finance construction of three hotels in Nasugbu, Cebu and Mall of Asia and several SM Inn Travelers Hotels near its malls.

here: http://www.manilastandardtoday.com/2009/may/30/business4.htm

Hana.. kadugay pa diay mag sugod ani nga project... abi nako mag sugod na karon nga year.... na unsa naba ni oiiee...:ohno::ohno:


i dont think sm will construct the srp mall in the next two years (2012) , as far as i can remember , a news articles stated that they will have thier ground breaking ceremony by june before the rainy season . so ila na sugdan ug consruct right after the ground breaking ceremony and they will open the mall by 2012. sayang ang ila investment kun matulog lang ug walay income for 2 years.

i dont think sm will construct the srp mall in the next two years (2012) , as far as i can remember , a news articles stated that they will have thier ground breaking ceremony by june before the rainy season . so ila na sugdan ug consruct right after the ground breaking ceremony and they will open the mall by 2012. sayang ang ila investment kun matulog lang ug walay income for 2 years.

sakto gyud na after gound breaking dapat gyud na sugdan ang project kay sayang ang panahon kung matulog rna for 2 years una lihukon..usa pa daghan project ang SM pero kasagaran ani operational na pareha sa Hamilo Coast nag cge pa ug develop pero sold out na tanan units nya operational nsad ila country club so nag generate ghapon ug income bisag cge pa construct

Wala pa gyud ni natubag isyuha da...

IMO, In just a span of months, I don't think so nga naalkansi na dayon ang SM that's why they decided the mall to be constructed in 2012 pa. IMO stable man ang financial situation sa SM para mo decide sila ani nga move...
Usa pa, Mayor Tom will be the first to react if ever man gani dili sila mag tukod 2 years from now coz we know that Mayor Tom is too strict about making their land idle for quite a time... Naa baya silay sinabutan, screened baya kaayo tanang investors before gidawat ni Mayor ang offer sa SM...

Mao rana ako pangagpas...

i dont think sm will construct the srp mall in the next two years (2012) , as far as i can remember , a news articles stated that they will have thier ground breaking ceremony by june before the rainy season . so ila na sugdan ug consruct right after the ground breaking ceremony and they will open the mall by 2012. sayang ang ila investment kun matulog lang ug walay income for 2 years.

mayta lage... daghan man gud balita2 nga inig 2012 pa i construct...
wala pay reaction ani ang SM? maghuwat nalang jud ta... pagka pa-ita..

be ready lang sa camera...

^^ hmmm . . .

be ready lang sa camera...


...na-excited na hinuon ko ani bai...sa post ni bai @blueguy, mura'g rendering na gyud ni ang ibarog sa SRP...nus-a ni bai? ...i hope dili pa sa 2012 ni ibarog..heheh!

be ready lang sa camera...



:cheers::cheers::cheers::cheers::banana::banana::banana::banana::cheers::cheers::cheers: mr blue na excited ko da...:banana::banana::cheers::cheers: di na ko katulog ani oi.:bash::bash:

be ready lang sa camera...

Who? What? Where? When? How? Why? :lol:

Who? What? Where? When? How? Why? :lol:

Pasar sa Journalism 101!:lol:

^ OT: True, that's what they teach first in Newswriting lessons. :lol:

^ OT: True, that's what they teach first in Newswriting lessons. :lol:

the 5W's and 1H a good writing and speaking tool

^^

to the highest level...

^^ ...dahil dyan, may nag text!...from a very reliable source:

"...stick to what Mr. Sy said during the presscon"

^^And if my memory serves me right, according to Mr. Sy, all the upcoming SM malls in Cebu will be constructed simultaneously.

Please confirm... :)

^^ ...dahil dyan, may nag text!...from a very reliable source:

"...stick to what Mr. Sy said during the presscon"


Nice.... Bitaw.. too jud tas tag iya.. mao na gud na nag istorya..di ba?
May unta kung VP ra to nya ang nagsulti, pede ma change.. kaya let us be confident.....

It is inevitable already that Cebu will have one of the country and the world's largest mall...