Phinma Properties allots P2.5B for 2 mid-rise condos

by Neil Jerome C. Morales | The Philippine Star | Posted at 06/02/2012 9:29 AM | Updated as of 06/02/2012 9:30 AM

MANILA, Philippines - Phinma Properties Inc. is spending around P2.5 billion for two new medium-rise projects as it banks on continuous demand from the affordable housing market.

The company launched yesterday Arezzo Place in Pasig City and Solano Hills in Muntinlupa City, both targeting families looking for affordable housing.

Project development cost is P1.5 billion for Arezzo and P1 billion for Solano Hills, said Pythagoras Brion Jr., executive vice-president and chief finance officer of Phinma Properties.

“We got the financing last year for these projects plus for the two more that we will start at the end of the year,” Brion said.

Both projects are five-story condominium development that caters to young professionals, startup families, overseas Filipino workers and retirees.

Projected revenues for the two new projects, which offer 30-square meter units, might exceed P4 billion.

“In the case of Arezzo, there are 2,200 units at P1 million each so you are talking at P2.2 billion already. For Solano, you are looking at 1,400 units at an average price of P1.4 million,” said Phinma Properties president Willy Uy.

Each residential building has atriums with a pocket garden, stairwell and an airwell for ventilation.

Uy said Phinma Properties decided to launch mid-rise projects to quickly book revenues.

“We want to finish it as soon as possible. We want to recognize revenues right away and the fastest is to do a mid-rise project,” Uy said.

Arezzo is the largest project of Phinma Properties to date at five hectares. It is a four-phase development composed of five-story condominiums.

Solano Hills, for its part, will consist of three phases in a 2.9-hectare property in Muntinlupa.

Phinma Properties plans on launching three to four projects this year. Total project cost for the three to four projects composed of 6,562 units will be P5.7 billion that will be completed in the next three years.

The company expects to complete the construction of 2,250 units this year, more than double the 1,000 units last year and higher than the 1,400 units completed in 2010.

The property is a firm a subsidiary of listed holding firm Phinma Corp.

Source: http://www.abs-cbnnews.com/business/06/02/12/phinma-properties-allots-p25b-2-mid-rise-condos

http://www.phinmaproperties.com/img/arezzoplacepasig.jpg

Maganda sana kaso concern ko ang flooding sa area. Hindi ba madali bumaha sa area na yan ng Pasig?

nice malamang ma-sosoldout to agad

nice... looks like a better version of Phinma's Flora Vista... :)

Maganda sana kaso concern ko ang flooding sa area. Hindi ba madali bumaha sa area na yan ng Pasig?

Hi Ohayyy, Pasig is known to flood tlga, however, with PHINMA Properties, they made sure they elevated the building and project to a certain height. I forgot how many meters off the ground, but like in ASiA Enclaves in Alabang, the concept of elevating the building and ground floor higher than the flood level is implemented.

dami naman maloloko ng developer na ito. WAG PADADALA SA AKALA MONG MAGANDA AT MURA..Read Sofia Bellevue, flora vista, fountain breeze thread kung gusto nyong malaman ang mga napakadaming modus at panloloko ng developer na to.

BUYERS: BEWARE

Hi Ohayyy, Pasig is known to flood tlga, however, with PHINMA Properties, they made sure they elevated the building and project to a certain height. I forgot how many meters off the ground, but like in ASiA Enclaves in Alabang, the concept of elevating the building and ground floor higher than the flood level is implemented.

ayan ang prob ko sa ametta place ng alveo na malapit sa area na yan... hindi nga binabaha yung mismong project, yung daanan naman papunta sa project ehh baha.. wala din... kulong ka pag baha :ohno:

http://i600.photobucket.com/albums/tt84/plmetzen/asia_home_banner-1.jpg

from www.phinmaproperties.com

dami naman maloloko ng developer na ito. WAG PADADALA SA AKALA MONG MAGANDA AT MURA..Read Sofia Bellevue, flora vista, fountain breeze thread kung gusto nyong malaman ang mga napakadaming modus at panloloko ng developer na to.

BUYERS: BEWARE

Hey guys beware of this person: toinkz, he's a scam. He's probably a person from a competitive company who is trying to pull down the reputation of this company. I noticed he keeps reposting only about phinmaproperty projects.

ayan ang prob ko sa ametta place ng alveo na malapit sa area na yan... hindi nga binabaha yung mismong project, yung daanan naman papunta sa project ehh baha.. wala din... kulong ka pag baha :ohno:

yeah I share the same sentiments, as private developers, they can only develop what they own or any road they have agreed on developing together with the local government. the only due diligence each project developer has is by increasing the height and giving other options for convenience inside their properties.

Hey guys beware of this person: toinkz, he's a scam. He's probably a person from a competitive company who is trying to pull down the reputation of this company. I noticed he keeps reposting only about phinmaproperty projects.

nope di ako scam and di ako nagwowork sa ibang developer, im just a concerned unit owner ako ng sofia bellevue..Sila mismo kaya ang nagpupull down ng pangalan ng sarili nila....bale rinesearch ko lahat yung baho,kapalpakan, at mga kaso ng kumpanyang ito..yung San jose tinitira ko rin:lol: kaso buti nbenta ko na unit ko dun..

iba rin name ko sa SMDC threads may unit din ako dun:)(guess who)

So buyers read those thread that i mentioned..it will help you to learn more about this Developer..You've read about good things as well as bad things..


So either you believe me or not..still it's up to you to decide at least you've read the other side of coin.

I won't get anything for destroying(no, i mean REVEALING) the reputation of this developer kung merun man akong mkukuhang pera, then masmaganda para may pampaayus naman ako sa BUILDING CRACKS ng unit ko noh at puro sirang gripo,inidoro,shower,lababo,pintuan,sprinkler,atbp. na ininstall ng PHINMA PROPERTIES.

yung iba naman maayus yung unit nila pero majority ng unit owners mdaming reklamo.

read also Asia Enclaves mukang ako lang ata ang nagpopost ng contra dun at wala akong kakampi..so meaning to say quiet pa ang thread nun or konti pang unit owners ang nkakaalam nito.

pag nbasa nyu mga threads na yun ang lalabas na scam dito ung developer.
:cheers:

I agree with Toinkz...before buying you should search forums to give you an idea/background and ask some friends na may alam dun sa property and developer...Reason kaya mura and Arezzo Condominium ay dahil yung harap ng gate nila eh gagawing public cemetary..Katabi ng Palmdale ang Arezzo Condo...so madami na ang nag pull out dahil nga sa pagtatayo ng cemetery. Wala din elevator sa Arezzo kaya ang pinaka mura eh ung sa 5th floor...But if others willing to leave in front of the cemetery ok na yun kasi mura na talaga sya...

I agree with Toinkz...before buying you should search forums to give you an idea/background and ask some friends na may alam dun sa property and developer...Reason kaya mura and Arezzo Condominium ay dahil yung harap ng gate nila eh gagawing public cemetary..Katabi ng Palmdale ang Arezzo Condo...so madami na ang nag pull out dahil nga sa pagtatayo ng cemetery. Wala din elevator sa Arezzo kaya ang pinaka mura eh ung sa 5th floor...But if others willing to leave in front of the cemetery ok na yun kasi mura na talaga sya...

1.5 billion Peso project walang elevator:lol::lol: baka naman escalator ang ilalagay hanep. Again it was an overpriced condo A 1.5 BILLION WITHOUT ELEVATOR.. im sure papasok nanaman ditu si corruption..weak cement for structures, low standard amenities, poor and inexperienced Engineers and management(lesser pay of course).
:applause::applause::applause:

But they rely heavily through marketing. Nice Render and advertising heavily in a reputable Newspaper such as Philippine Daily Inquirer.:nuts::nuts:

Ang ayaw ko lang eh gAwa sila ng gawa iniiwanan na nila yung mga natapos na projects. Masmaganda sana kung ayusin muna nila yung mga problema nila sa nakaraang projects nila bago gumawa hindi ung bahala na kayu kumita na kame gawa uli ng projects para makapangloko..hayyysss.
:wtf::storm::cripes::madwife::omg:

1.5 billion Peso project walang elevator:lol::lol: baka naman escalator ang ilalagay hanep. Again it was an overpriced condo A 1.5 BILLION WITHOUT ELEVATOR.. im sure papasok nanaman ditu si corruption..weak cement for structures, low standard amenities, poor and inexperienced Engineers and management(lesser pay of course).
:applause::applause::applause:

But they rely heavily through marketing. Nice Render and advertising heavily in a reputable Newspaper such as Philippine Daily Inquirer.:nuts::nuts:

Ang ayaw ko lang eh gAwa sila ng gawa iniiwanan na nila yung mga natapos na projects. Masmaganda sana kung ayusin muna nila yung mga problema nila sa nakaraang projects nila bago gumawa hindi ung bahala na kayu kumita na kame gawa uli ng projects para makapangloko..hayyysss.
:wtf::storm::cripes::madwife::omg:

From the response, its clear this person has no idea about the building code of the Philippines, the approved minimum or maximum strength or load required per wall or per foundation, and how much engineers and architects in phinma are paid. I would know, I'm close with one. this toinkz really has no idea about money or costing, and neither does he have any class or manners when talking in forums.

Speaking of class, remember, phinmaproperties is only for the affordable market - the Class C and D, and most of their projects are sold out within a year or two. This means that the project developer is a housing developer, not a real estate company - look up the difference between the two. DMCI is not the competition of phinma properties because they belong to two different markets entirely - DMCI is upper A and B, Phinma is C and D.

Funny thing is that DMCI and phinmaproperties has a knack for being located near or beside informal settlements and cemeteries. That's not the fault of either company, that's the fault of LGUs and their terrible city planning.

However, no one should blame a developer for having to build something in the area if there is a market for it - and the market for Pasig city in that area does not require an elevator. An elevator, or any 'standards' just jacks up the price. DMCI has a condo development called Bonifacio Heights in Fort Bonifacio that has no elevators, but its sold out and very well done.

Anyways, back to phinmaproperties, they are known to provide their so called walk-up condo series to the affordable market, hence they do not provide an elevator (except for their recent Asya enclaves in Alabang and Solano hills in Sucat muntinlupa area).

Price wise, Php 1.5B is kinda the standard for a very good residential high end 40 storey building in Makati or Ortigas, or in BGC. From what I know, the Php 1.5B is used for around 24 residential buildings, commercial strip, amenities and stuff that the affordable market (Class C and D). Their flyer says its 5,604 a month thru Pag IBIG for a unit size of 30 sqm meters. That's a really good value. However, you get what you pay for - and that's why people choose to upgrade their unit should they see fit. At least it does not say it's fully furnished but the furniture is lack luster (cough*smdc*sorry to my friends there), or they have very beautiful amenities, but the hallways and units are morbid (cough*smdc*cough)

From their website, they are they first and only triple ISO developer in the Philippines : that's for quality, environment and safety. Plus, their cast in place method is stronger than the typical hollow block walls because the unit walls are foundation walls (puro buhos) - the strongest walls in the entire building are normally found in the elevator shafts where it's pure buhos.

If you guys notice in earthquake destroyed cities, most of the stuff that are remaining stills intact and standing are the elevator shafts - that's because the elevator shafts are buhos (they don't require beams or pillars, just pure buhos square like box in place). All projects in Phinmaproperties have puro buhos concrete outer walls so technically it's a safer bet than the typical beams, pillars, and hollow block walls.

I doubt its not the quality or the craftmanship this guy is whining about - I saw some complaints in the past but it was more on the admin side of the property developer, and how they run things as a community. Thing is, that's admin, and well normally when you turn over the project to the residents, its already the condominium association of people, not the developer. It's the same for a residential village where they have their own home owners association.

If people rely solely on forums and chikka regarding the development, then they are definitely looking at the wrong place - you would need to dig deeper than that. If the company wasn't doing so well with their quality environment and safety, then they would have been stripped of the iso award a long time ago - I remember its very very difficult to keep up those standards yearly to sustain that iso. On average, a company only has one or two iso's.

http://i600.photobucket.com/albums/tt84/plmetzen/asia_home_bannerJuly2012.jpg

from the www.phinmaproperties.com as of July 1, 2012.

class and manners? bakit may class and manners din ba ung phinma sa panloloko sa amin?

repost lang galing sa thread ng flora vista..:lol::lol:

hi natakot lang ako:

QC orders two schools closed, condo repaired
Manila Standard Today - 18 March 2011

Bautista also ordered the developer of Smile Citihomes on Zabarte Road in Novaliches, where structural defects had been found in some of the units, to retrofit them or face closure.

Smile Citihomes, a medium-rise condominium or tenement-style building, was built in the early 90’s by developer PHINMA Properties. It consists of 16 clusters of residential units

and

Phil. info. agency
http://www.pia.gov.ph/?m=7&r=ncr&id=22936

"Also recommended for closure is SMILE CitiHomes along Zabarte Road on reports of structural defects. Bautista already asked its property developer, PHINMA properties, to immediately undertake retrofitting measures to ensure the safety of the homeowners. To ensure that all safety requirements are complied with, city building official, Isagani Versoza, has been tasked by the Mayor to coordinate closely with PHINMA.

pls. check the pix in the internet... parang squatter, may mga naka sampay sa bintana, at kung saan saan nag papark ang mga tao. early 90's daw na develop ang smile citihomes. kulang kulang 10yrs. siguro yun, tapos nagkaganun na... sana di mangyari sa fv yan....

kunyari earthquake proof para bumenta ang mga ginagawang projects nila:) :) like i said may kurapsyon na nagaganap wala akong proof neto pero mahahalata natin eto

nababribe din ang mga inspector kaya nakakalusot ang mga substandard nilang gamit..may pix ako ng mga building cracks sa sofia bellevue dati ..tinatamad lang ako ipost dito. So far ngaun narepair pero inoobserve pa rin namin within 6 moonths

kelangan pa ba alamin ang building code tungkol sa cracks? di na.. visual check lang kahit bata alam kung anu ang ibig sabihin ng crack..ganyan din ako sau dati..naniniwala agad samga sinasabi at pinagpopost nila site.

:banana::banana::banana::banana:

sa Elevator na lang ako ng phinma matutulog lagi... dun pala yung pinakamatibay na part (o bka gawa gawa nanaman ito ng phinma para bumenta):lol::lol:

sa mga readers read again those Phinma threads that i mentioned above..it might help:)

:cheers:

Ilang buildings gagawin?

how true na gagawing cemetery yung katapat na lot ng arezzo? curently, that area across arezzo is an rcbc auto warehouse. i googled (google earth) that area, lots of cars for sale yata ng rcbc are parked there? on the left side is palm dale condo, the right and back are vacant lots. saan itatayo ang cemetery dito? i think i need to investigate on this matter. i'm eyeing pa lang this condo because of its affordability, but a cemetery beside, across or at the back is a big turn off.

i'm not very much worried about the flooding. according to a relative who lives in the same street, their place wasn't reach by flood water during ondoy. pero knee high sa street. i just thought that since arezzo is newly built, siguro naman naisip na ng engineers re flood, kaya they designed it na mataas. and preferred ko talaga low rise buildings bcoz i dont like elevators sobrang taas ng office where i work, umiinit lagi ulo ko sa elevator. kaya nagustuhan ko arezzo. but im worried about the cemetery issue. how true is this?

It was kind a unique to see that there are people who don't like elevator. Ako rin mas prefer ko stairs dahil hindi ako nahihilo pero kung nagmamadali eh nag eelevator ako.:)

kaya affordable kase ung location eh harap ng sementeryo. Anyway, pakipost na lang po dito yung mareresearch nyu kung tutoo nga na may sementeryo.:)

Kung maganda naman po ang sementeryo(ex.American cemetery Mckinley Hill sa Taguig) eh wala naman pong problema pero kung ang sementeryo eh yung parang manila north cemetery naku wag na lang.

class and manners? bakit may class and manners din ba ung phinma sa panloloko sa amin?

repost lang galing sa thread ng flora vista..:lol::lol:

hi natakot lang ako:

QC orders two schools closed, condo repaired
Manila Standard Today - 18 March 2011

Bautista also ordered the developer of Smile Citihomes on Zabarte Road in Novaliches, where structural defects had been found in some of the units, to retrofit them or face closure.

Smile Citihomes, a medium-rise condominium or tenement-style building, was built in the early 90’s by developer PHINMA Properties. It consists of 16 clusters of residential units

and

Phil. info. agency
http://www.pia.gov.ph/?m=7&r=ncr&id=22936

"Also recommended for closure is SMILE CitiHomes along Zabarte Road on reports of structural defects. Bautista already asked its property developer, PHINMA properties, to immediately undertake retrofitting measures to ensure the safety of the homeowners. To ensure that all safety requirements are complied with, city building official, Isagani Versoza, has been tasked by the Mayor to coordinate closely with PHINMA.

pls. check the pix in the internet... parang squatter, may mga naka sampay sa bintana, at kung saan saan nag papark ang mga tao. early 90's daw na develop ang smile citihomes. kulang kulang 10yrs. siguro yun, tapos nagkaganun na... sana di mangyari sa fv yan....

kunyari earthquake proof para bumenta ang mga ginagawang projects nila:) :) like i said may kurapsyon na nagaganap wala akong proof neto pero mahahalata natin eto

nababribe din ang mga inspector kaya nakakalusot ang mga substandard nilang gamit..may pix ako ng mga building cracks sa sofia bellevue dati ..tinatamad lang ako ipost dito. So far ngaun narepair pero inoobserve pa rin namin within 6 moonths

kelangan pa ba alamin ang building code tungkol sa cracks? di na.. visual check lang kahit bata alam kung anu ang ibig sabihin ng crack..ganyan din ako sau dati..naniniwala agad samga sinasabi at pinagpopost nila site.

:banana::banana::banana::banana:

sa Elevator na lang ako ng phinma matutulog lagi... dun pala yung pinakamatibay na part (o bka gawa gawa nanaman ito ng phinma para bumenta):lol::lol:

sa mga readers read again those Phinma threads that i mentioned above..it might help:)

:cheers:


Well hmm I suggest if you're really concerned about what you hear or read about, then do write an official letter to the president or ceo of the phinmaproperties company. It's more effective than writing to the admin or posting online. :)

As far as the smile citihomes, your post said the structural defects were already repaired, meaning there was already due diligence in the engineers and developer's part for maintaining their previous projects. Smile citihomes is similar to any developer who's starting out in a different field - the black sheep project. Same with Filinvest, some of their first developments were not too admirable. :ohno:

To solve the problem of people hanging clothes in their unit windows, the company placed drying cages on the very top floor (asia enclaves and fountain breeze have drying cages on the very top floor) however, they realized that some people actually don't like having to go all the way up to dry their clothes, and sometimes, in my experience, some lucky few have their clothes stolen due to a little trick of using a stick to pick out hanging clothes through the drying cage mesh, and picking up the clothes on the floor with the same stick to drag it out of the cage tsk tsk very clever.

In their non-elevator series (popular choice for the class c and d market of the company), they placed an in-unit laundry and drying area with an airwell in each unit. Im guessing this is to minimize people walking upstairs to get their clothes, and to prevent people stealing their stuff)

From my observation, it seems most of toinkz comments are just related to the admin of the citihomes property itself, and not the integrity of of the company - the company works well with the LGU. I know other housing or real estate companies, once they are finished and turned over to the residence, really don't care about what happens to that property i.e. that Makati condo with the gas leak is a classic case of hands-off technique because they already turned over that condo unit to the condo association.

Take a look at fountain breeze, it's definitely not like citihomes and their admin seems to be quite effective in maintaining the area. a friend of mine lives there and another friend of mine was able to resell her unit just a few days ago. with asia enclaves alabang, again different market and definitely not like citihomes. :cheers:

Also, if you guys take a look at Palmdale, the project right next to Arezzo, that's also one of the early projects of phinmaproperties - that project is well over 10 years old as well and it's well maintained.

From their site, phinmaproperties is recently a triple ISO certified in quality, safety and environment - that's something no other housing or real estate developer can provide, and that's a far cry from where they started. According to their history, they built high end home first i.e. manila polo club homes. however, during the first ninoy administration, they heeded the call of the government to build houses for the masses. hence, they're a housing company.
http://i600.photobucket.com/albums/tt84/plmetzen/isostuff.jpg

Upon saying that, I still stand my point, this toinkz doesn't have any forum etiquette. full of anger issues. haha. ^^

By the way, for the benefit of other forumers, structural defects is when you can insert a coin between the crack and yes you need to have that easily repaired - it doesn't mean you close the entire building. You would have a major problem if its on a beam or on a column in a traditional building, but since phinmaproperties has cast-in-place, meaning all the outer walls are made of buhos, it's much more stronger and more efficient, less costly to repair. a hairline cracks are just normal cement movement where you can insert a pin in them and have it repaired easily.

Ayala is also approaching the walk-up version of their condo because they also realized the price of a condo goes higher if there is an elevator. I guess like in phinmaproperties, their condos are much like the same concept of Tunes Hotel - you only get what you pay for at an affordable price.

It was kind a unique to see that there are people who don't like elevator. Ako rin mas prefer ko stairs dahil hindi ako nahihilo pero kung nagmamadali eh nag eelevator ako.:)

kaya affordable kase ung location eh harap ng sementeryo. Anyway, pakipost na lang po dito yung mareresearch nyu kung tutoo nga na may sementeryo.:)

Kung maganda naman po ang sementeryo(ex.American cemetery Mckinley Hill sa Taguig) eh wala naman pong problema pero kung ang sementeryo eh yung parang manila north cemetery naku wag na lang.

i'm using an elevator going to our office everyday. hindi ako nahihilo sa elevator, what i meant was umiinit ang ulo ko sa paghihintay sa elevator, hihintuan each floors, madalas masira, siksikan sa loob. i work in one of the highest bldgs. in makati. nakakatamad bumaba dahil sa elevator pa lang, ubos na oras ko. based on experience, ang elevator ang isa sa pinakamadaling masira at expensive i-maintain. sa bldg nga where i work, high-end ang bldg. pero ang dalas masira ng elevator. kaya ayoko ng elevator sa condo. kanya kanyang preference yan. :)

na visit ko na actually yung site. yung harap nya is a gated lot area. it's an RCBC auto warehouse. parang mas malaki sya actually kesa sa lot area ng arezzo. i am thinking kung ibebenta ba ng rcbc ang lupa sa govt' at gagawing cemetery? i need to verify this as well sa RCBC and sa Pasig municipality.

@plmetzen - based from your post, parang you know about this cemetery issue. so is it really true na magtatayo ng cemetery sa harap ng arezzo?

Take a look at fountain breeze, it's definitely not like citihomes and their admin seems to be quite effective in maintaining the area. a friend of mine lives there and another friend of mine was able to resell her unit just a few days ago. with asia enclaves alabang, again different market and definitely not like citihomes. :cheers:
:nono::nono::weirdo::stupid:

tutoo nga ang fountain breeze ay effective sila sa pag maintain ng area at mukang walang reklamo :lol::lol: kaya pala cguro binenta ng frend mo yung unit nya :lol: basahin po natin ang mga comments ng mga pinagsusulat ng mga "friend" nyang unit owners ng fountain breeze sa pinoy exchange.

http://www.pinoyexchange.com/forums/showthread.php?t=379663&page=7
PHINMA Management SUCKS! Until now di pa din maayos electricity parati nag-fluctuate, may mga nasira ng appliances wala pa din actions. Ang sabi nilang March malilipat na sa Meralco, August na wala pa din, submeter pa din lahat habang nagbabayad pa ng extra para sa management fees sa kanila. Ang BILLS NAPAKAINCONSISTENT hindi lang sa electric pati na din water bill. COMMERCIAL RATE ang WATER BILL kahit residential, inaayos DAW NILA.... yan lang ang sagot nila para matapos ang usapin. ANG AKALA MONG UNIT NA NAKUHA MO na may maayos na hangin, wala pala kasi iibahin din nila ang designs at tatakpan ng building. Ngayon pa lang siksikan na sa parking, kapag nandyan na ang owners for the new buildings, good luck na lang sa mga residential, bumili kayo ng parking lot na 300 thousand na di naman safe ang parking. Sa unit namin pinapatay nila main switch ng daan kaya kung minsan o madalas ay madilim samantalang nagbabayad naman ng CONDO DUES.
KAMUSTA NAMAN ANG AMENITIES??? mga sirang gamit sa gym?? at ang 2 beses palitan na tubig ng POOL.. YES TWICE LANG YAN PALITAN NG TUBIG SA ISANG TAON.. but according to them twice a week maglagay ng chemical para linisin. YOUR REACTIONS ARE WELCOME!

Problems w/ Fountain Breeze.
1. There is no actual fountain.
2. High rise building design is different from the original design. (Sinira nila ang napagandang design)
3. High rise fire escape just started after people already moved-in. (baka nasita)
4. Parking is terrible. May papark pagkatapos mong umalis sa parking slot mo. or paparking sila sa mga island or anywhere makita nilang free spot.
5. Walang naglilinis sa building but after complaining meron na though hinde parin maayos ang paglilinis.
6. Paying P1,680 for condo dues and P200 for parking dues. I don't see any big improvements.
7. Up to now, I haven't received my bond. Been living there since July 2009. Need to pay the condo dues, pero my question is what do we pay for the condo dues? With all this complaints, maybe they should also consider yung mag problems. Wag one-sided.
8. Got stuck several times on the elevator.
9. May generator pero kapag brown out, walang ilaw. lol, pero ngayon meron na, ilaw lang.
10. Drying cage should be per unit type. yung drying cage ko nasa dulo na napakaliit na kelangan mong umuko.
11. The drying cage area is full of dust.
12. Construction is from 7am-6pm DAW, pero minsan hanggang 11pm-2am meron parin nagtratrabaho. (ang ingay)

at madaming nakawan pa na ngyayari.

a few years ago, muntik na akong kumuha sa condo ng fountain breeze. mura kasi. pero sa nababasa kong feedback sa thread na ito, yung condo, parang nagiging tenement na.
:tyty::wtf::omg::cry::cry::cry::storm:

di ko nga alam kung paanu sila nakakuha ng triple ISO na yan despite sa mga complaints:ohno:..paanu kaya yun:nuts:
:badnews:

ok. confirmed. i saw it on the other thread.

http://www.skyscrapercity.com/showthread.php?t=558394&page=44

i'm still thinking if i will push tru with my purchase. i cannot imagine oftenly seeing and hearing grieving people and the sound of music for the bereaved. other factor is the sale value of the property might depreciate.

To all agents, put yourself in the shoes of the buyers. Have a little concern. Hindi puro commission lang ang nasa utak. The buyers should also know what other structures/developments are to be put within the vicinity of the condo. Kung ikaw ang buyer, diba it’s just normal that you would like to know this matter. Wag naman bias. Show also the other side and let the buyer decide despite all the other “negative” factors.

To all agents, put yourself in the shoes of the buyers. Have a little concern. Hindi puro commission lang ang nasa utak. The buyers should also know what other structures/developments are to be put within the vicinity of the condo. Kung ikaw ang buyer, diba it’s just normal that you would like to know this matter. Wag naman bias. Show also the other side and let the buyer decide despite all the other “negative” factors.

I agree :bowtie:, and I salute you sir that you are doing your research first before buying. I am not forcing you not to buy but then I want you to show and those readers the reality of what is happening to their past projects. As of now Phinma are already fixing those problems (to be fair, most of them are already fixed) cracks already rectified in our building (kelangan pang mapuno ng galit ang mga unit owners bago sila umaksyon :ohno: )Hence, I want to share with you this tips of buying a condo that i've copied from other thread:-)

You will never be a good and wise investor if you base your decision on trust. Always look for location first, developer's past projects, and contractors and subcontractors' track record. Don't believe the hype na makikita o mababasa mo sa media, huwag ka rin magpapadala sa architectural renders na makikita mo sa SSC. IMHO if the developer relies heavily on marketing, senyales na yan na huwag ka nang bumili. A good real estate property does not need heavy advertising, para yang stocks and equity na hindi mo kailangan i-advertise para mabenta. A perfect location, developer's years of experience in real estate, and the developer's relationship with its contractors and subcontractors ang magbebenta ng project hindi ang mga artistang endorsers.
Suggestion ko lang kung tlagang seryoso ka in investing a condo..get the mechanical, electrical, structural, sanitary and civil contractors name and i-research mo ang mga natapos nilang projects. Madalas naman pinapakita din yan sa billboards or ads pero walang pumapansin.

:angel1::angel1::okay::okay::wave::wave::applause::applause:

To all agents, put yourself in the shoes of the buyers. Have a little concern. Hindi puro commission lang ang nasa utak. The buyers should also know what other structures/developments are to be put within the vicinity of the condo. Kung ikaw ang buyer, diba it’s just normal that you would like to know this matter. Wag naman bias. Show also the other side and let the buyer decide despite all the other “negative” factors.

don't put all the blame on the agents... most of the time, agents themselves are duped by the developers. Further, it is the responsibility of the buyer to do a background check and research on all factors before splashing their hard earned money.

^if the agent is already aware of this, they should tell their buyers. that's my point!. background checking, this is excatly what i'm doing that's why i found out about this cemetery. and i never purchased yet becoz im still doing thorough background checking, isn't it?

Inmy opinion, agents are more knowledgeable than the buyers when it comes to real estate laws and processes. They should tell the buyers everything they need to know even if the buyers are not asking those matters yet. Kung ano lang ba itanong ng buyer, yun lang ang sasagutin nila. Most of the buyers havent studied real estate very well.

most of the time, agents are duped by developers??? i'm aware that some are, but "most of the time"? uh...that's alarming! can i assume that most of the agents are saying are lies and fabrication? and we should not believe them? do the agents also have responsibility to verify their claims and not just believe what their developers are telling them?

if you want a knowledgeable salesperson if purchasing a property, go to a Licensed Real Estate Broker... they will tell you everything before you purchased since they are on a commission basis only and are not employed by the developer. Also, they are not tied to a single developer so they can give you different choices of properties as well in the area that you prefer... agents on the other hands are EMPLOYED, they are there to tell the public what the developers trained them to.. and they are not allowed to sell any other project besides what the developer told them to.. do you really expect them to badmouth the only source of income that they have?


if i may add, Licensed Real Estate Brokers are the ones required to study Real Estate Laws etc to be able to get their license from the government... agents on the other hand are only trained by the developers.

^thank you for this info. and thank you for making us aware that "most agents are duped by the developers" and for giving us an idea that agents will not badmouth their source of income. this made me think that they will really just tell the nice things regardless if these are truths or lies?

there's also a portion kasi that developers has the right to amend the project without notifying the public.. so agents are helpless when the developers decides to invoke this right. Ang maganda sa agent, they introduce the project to you.. the general and the positive side of the project, they give you the different schemes on the mode of payment and the accurate availability of the units.. As far as the negative side of the project is concerned, the buyer will have to research it for themselves.. it won't hurt to ask around before you reserve... alamin mo kung binabaha ba sa lugar, go to the cityhall and ask what are the current plan on the area ur planning to invest in the next 20 years (may road widening ba or in your case magkakaroon ba ng sementeryo etc.) and lastly, research about the reputation of the developer. You can gauge them naman based on their past project.

^thanks for your advice. i'll take note of these. :)

You will never be a good and wise investor if you base your decision on trust. Always look for location first, developer's past projects, and contractors and subcontractors' track record. Don't believe the hype na makikita o mababasa mo sa media, huwag ka rin magpapadala sa architectural renders na makikita mo sa SSC. IMHO if the developer relies heavily on marketing, senyales na yan na huwag ka nang bumili. A good real estate property does not need heavy advertising, para yang stocks and equity na hindi mo kailangan i-advertise para mabenta. A perfect location, developer's years of experience in real estate, and the developer's relationship with its contractors and subcontractors ang magbebenta ng project hindi ang mga artistang endorsers.
Suggestion ko lang kung tlagang seryoso ka in investing a condo..get the mechanical, electrical, structural, sanitary and civil contractors name and i-research mo ang mga natapos nilang projects. Madalas naman pinapakita din yan sa billboards or ads pero walang pumapansin.

:angel1::angel1::okay::okay::wave::wave::applause::applause:

hi toinkz. i have read your posts from other phinma projects thread. i am learning a lot. although negative pero naaliw ako, ang kwela. :lol: but i welcome those negative posts and treat those as "red flag" so i can apply due diligence in purchasing a condo. thanks. :)

hi toinkz. i have read your posts from other phinma projects thread. i am learning a lot. although negative pero naaliw ako, ang kwela. :lol: but i welcome those negative posts and treat those as "red flag" so i can apply due diligence in purchasing a condo. thanks. :)

hay naku..may simenteryo man o wala hinding hindi na ako kukuha jan sa developer na yan noh. Never EVER!!

mukang antagal maghanap ng isasagot ni Plmetzen ah:lol::lol:..ako na lang ang sasagot para kay Plmetzen laban kay Toinkz na isang scam:nuts::nuts:

Rearding with the claims of Toinkz, he doesn't live in Fountain Breeze. He doesn't even have a unit either. So he doesn't really know what is really going on unlike me I have lot's of friends. And just what i've said in my previous thread that he lacks etiquette, he is unprofessional and just rely in "chismis" which is very very baseless. I have proper etiquette and very professional everytime I post. Unlike me I rely on my friends in Fountain Breeze, SMDC, Dmci, and oh?? most of all I really rely my answers based on my boss instructions in Phinma. I also have supporting facts like their Site in Phinma which you could see the beautiful renderings and photo's taken in our advanced SLR (been awarded as the only triple ISO camera). You can see all positive unlike Toinkz post they are negative and no pictures for evidence and he doesnt know what he is talking about:nuts::nuts:

Hairline cracks are not dangerous according to my Engineer friends, you can still live peacefully without worrying if there is any cracks in our buildings. They are "buhos" an advance technique w/c if it rains, water will come inside to your unit because of cracks. In Phinma cracks are not dangerous even if it is already big (sorry to my lot's of friends in Smdc and btw i have lot's of friends in Facebook:lol::lol: ). So you can still live because cracks are not dangerous because we are awarded triple ISO just look in our site. :lol::lol:

By the way, someone questioned how many buildings here in Arrezzo? just look our rendering but if you want to know the reality have a downpayment first. So hurry reserve now coz lot's of units already taken. We are selling fast and don't believe all the post Toinkz bec. we are Triple ISO.:lol: just look for Plmetzen(that's me hehe)

If some of the unit owners cannot breath and got heart attack, then we're just cemetery away, just in front of main gate no need to go in hospital. Just a walk away:)

:nocrook::scouserd::goodnight:goodnight:goodnight:goodnight

Hmm I actually don't need to follow anyone's response, I don't have time to read everything on the forums even if I wanted to. I have a life, I'm sure toinkz doesn't have one (ha! he even had time to write about me), but since everyone here in the forums is entitled to an opinion - regardless if it's constructive or negative on this forum - it's healthy to just post away. It's also healthy for the thread readers to be aware for any reader to know the chis mis versus reality. In the end, it's the unit owners who have the final say versus us observers from the outside.

By the way, I'm not a sales agent anymore, just an employee. My sales agent / broker friends whom I worked with at previous developers are now in other project developers so they invite me to their open houses.

Speaking of which, I was able to attend the grand launch last Monday with my broker and he said his team was very happy with the turn out of sales - there were a lot of families with children and young couples reserving the units. I pointed out the cemetery but, most of the buyers didn't mind there was a new public cemetery right across the road - it didn't really matter once you actually see it because its like sandwiched between two tall factories, with another existing residential development right behind it.

If you think about it, its normal for residential developments to be around public cemeteries - most of the parish churches i.e. Ayala Alabang Village parish church, Intramuros San Agustin is actually a cemetery inside and underneath the church halls. I guess it's not a big deal.

from rip013, he has a point when he said " Licensed Real Estate Brokers are the ones required to study Real Estate Laws etc to be able to get their license from the government... agents on the other hand are only trained by the developers." <---yep, that's why I only hang out with the brokers, they are only selling it for themselves and not for the company. regardless of what toinkz says, yes the company is triple ISO for quality safety and the environment and, according to my broker friend, they are happy selling the place because it sells on its own. If the buyers don't like the proposition, they just leave it as it is and don't buy.

@plmetzen - based from your post, parang you know about this cemetery issue. so is it really true na magtatayo ng cemetery sa harap ng arezzo?

Yep I was there, it's in front, but once you're inside the property, you hardly notice it. The area is tree lined and the main entrance is inside the property area, with phase one just deep into the property

Regarding agents, from my experience, we have a quota and we are not paid unless we sell something. I worked six days a week for two months without pay, but for my part, I'm still honest about what I see around the property and the chis mis as well so if the buyer asks, I will just say it as it is so that they won't be surprised if someone tells them one day i.e. oh there's a squatter community right next to it.

im not sure sa cemetery na malapit sa Arezzo ahh... i will speak in general, but there are times na strong point pa ang cemetery na malapit sa condo... cemetery means open space and maraming trees.. so malayo ang view ng unit mo pag kaharap mo cemetery... besides hindi naman pababa ang tingin mo.. palayo. hahahaha ang gulo ba ng explanation ko? intindihin nyo na lang :lol:

plmetzen, would you happen to know if Phinma will have future developments in QC? Para kasing I read somewhere na they plan to launch a new one in QC by the end of the year?

Thanks!

i actually did a simple survey re cemetery, if they will live or purchase a condo which is very near a cemetery. i'm just curious on their opinion. :) most of those i've asked wouldn't want to purchase a condo which is very near a cemetery. i even have some friends who are about to reserve a unit but backed out upon learning this. but my very best friend don't mind living next to a cemetery. different opinions. but majority of those i've asked don't like the idea.

i have a question pala. my friend reserved a unit, but changed his mind and wanted to purchase a unit in another location. different condo projects but same developer (not Phinma). can he transfer his reservation fee to the other project? sa Phinma ba pwede ang ganito? thanks. :)

it's good to note though some of the High End Condominiums at The Fort which is worth millions of pesos is fronting a cemetery (Heritage) and Ayala and Shangri La projects at Makati too (Manila South Cemetery)

^i agree. it's good to note in Arezzo'z flyers/brochures/sales kit that a public cemetery is just 10meters away.

the buyers should know the proximity of different establishments including the cemetery. bakit kaya hindi nila nilalagay ang info na 'to?

^i agree. it's good to note in Arezzo'z flyers/brochures/sales kit that a public cemetery is just 10meters away.

the buyers should know the proximity of different establishments including the cemetery. bakit kaya hindi nila nilalagay ang info na 'to?


maybe because of the stigma that we filipinos have in our culture when it comes to cemetery :lol:

ahaha kung ilalagay nila yung simenteryo hindi na maeenganyong bumili mga tao:lol::lol: ..pero infairness magaling magpalusot ang mga ahente nila huh biruin nyu inaabot ng limang araw para lang may masagot sa mga pinagpopost ko:lol:

ahente:shocks nadulas ata ako nasabi ku yung sementeryo naturn off ata ung isang buyer anu gagawin ko?

Boss:sandali isipin muna natin mabuti yung ipapalusot natin

after 5 days..

boss:sabihin mu ganito at least honest ka madami paring bumili at alam na mga buyers na may sementeryo kaya bumili parin sila tapos sabihin mu hindi hadlang yung sementeryo magresearch ka ng sikat na projects na may simenteryo at icompare natin yung arezzo sa project na yun sabihin mu maraming tumatangkilik at maganda ang phinma at wag mung kalimutang ilagay yung triple ISO lam mu naman malakas tayo ke meyor kya tayo nakakuha nun..di bale anjan naman si engineer kung ilalabas uli nya yung tungkol sa cracks ng building

ahente:anu pa po ilalagay ko?

boss:maging propesyunal ka pakita mu na kalmado ka at palabasin mung chismis lang ung pinagsusulat ni toinkz sabihin mu wala rin xang life kaya may time xang sulatan ka.Iapply mu ung training mu about propesyanulism sa pag aahente para mapalabas natin na hindi propesyonal si toinkz..sabihn mu rin na ndi xa unit owner at sinisiraan tayu yaan mu bebenta pa rin ung Arezzo wag kang mag alala madami namang hindi nagbabasa sa site na yun hehe.

Tsaka dapat ingles ang pagsagot mo ha..check ko muna yung mga grammar mo bago mo ipost para hindi nkakahiya.dapat kalmado lang para mapaniwala natin ung mga readers..Letseng toinkz yan inexpose nanaman yung mga nakaraang bulilyaso natin..sana wag nyang ipost yung na t.v. tayu sa Bitag sa isang project natin sa Q.C.

Ahente: sige po ser.

Boss: oh heto bente pesos punta ka ng netopia mag isang oras ka ng internet at itype mo itong depensa natin sa skyscrapercity.com 30mins ka lang ha balik mu sakin sukli wag ka na mag facebook

:bash::bash::bash:

kawawa naman mga bumili sana malaman nila ang site na ito para mapag isipang mabuti :ohno::ohno:

ahhh hinay hinay muna ako ditu di muna ako mag iinternet.... sa wakas dumating na rin mga order ko..negosyo muna...paalam
:wave::wave::wave:
:nuts::nuts:

^hahahah...comedy ka talaga toinkz. :lol::lol:

that was what i was thinking actually. hindi nilalagay ang sementaryo kase baka ma turn-off ang buyers. according to a colleague who lives on the same street, he saw the signage that phase 1 of the cemetery will be built in front. diba pag may phase1, malamang may phase2 o baka may phase 3. eh saan ilalagay ang phase2? yung vacant lot pa daw na nakita nya dun is yung right side ng arezzo. waaahhh.... :cripes:

^hahahah...comedy ka talaga toinkz. :lol::lol:

that was what i was thinking actually. hindi nilalagay ang sementaryo kase baka ma turn-off ang buyers. according to a colleague who lives on the same street, he saw the signage that phase 1 of the cemetery will be built in front. diba pag may phase1, malamang may phase2 o baka may phase 3. eh saan ilalagay ang phase2? yung vacant lot pa daw na nakita nya dun is yung right side ng arezzo. waaahhh.... :cripes:

phase 2 sa luob ng arrezo:lol:..napanuod mu ba yung dawn of the dead? or yung walking dead na series? pag nagsibangon yung mga patay sa simenteryo unang susugurin yung mga taga arezzo kase malapit :lol:

tapos magiging multo na lahat ...welcome to ZOmbieland:deadthrea:deadthrea
:goodnight:goodnight:goodnight
ah magiging busy uli ako mamimiss ko uli tong site na ito..it's not about the money, money, money hehe

ahaha kung ilalagay nila yung simenteryo hindi na maeenganyong bumili mga tao:lol::lol: ..pero infairness magaling magpalusot ang mga ahente nila huh biruin nyu inaabot ng limang araw para lang may masagot sa mga pinagpopost ko:lol:

ahente:shocks nadulas ata ako nasabi ku yung sementeryo naturn off ata ung isang buyer anu gagawin ko?

Boss:sandali isipin muna natin mabuti yung ipapalusot natin

after 5 days..

boss:sabihin mu ganito at least honest ka madami paring bumili at alam na mga buyers na may sementeryo kaya bumili parin sila tapos sabihin mu hindi hadlang yung sementeryo magresearch ka ng sikat na projects na may simenteryo at icompare natin yung arezzo sa project na yun sabihin mu maraming tumatangkilik at maganda ang phinma at wag mung kalimutang ilagay yung triple ISO lam mu naman malakas tayo ke meyor kya tayo nakakuha nun..di bale anjan naman si engineer kung ilalabas uli nya yung tungkol sa cracks ng building

ahente:anu pa po ilalagay ko?

boss:maging propesyunal ka pakita mu na kalmado ka at palabasin mung chismis lang ung pinagsusulat ni toinkz sabihin mu wala rin xang life kaya may time xang sulatan ka.Iapply mu ung training mu about propesyanulism sa pag aahente para mapalabas natin na hindi propesyonal si toinkz..sabihn mu rin na ndi xa unit owner at sinisiraan tayu yaan mu bebenta pa rin ung Arezzo wag kang mag alala madami namang hindi nagbabasa sa site na yun hehe.

Tsaka dapat ingles ang pagsagot mo ha..check ko muna yung mga grammar mo bago mo ipost para hindi nkakahiya.dapat kalmado lang para mapaniwala natin ung mga readers..Letseng toinkz yan inexpose nanaman yung mga nakaraang bulilyaso natin..sana wag nyang ipost yung na t.v. tayu sa Bitag sa isang project natin sa Q.C.

Ahente: sige po ser.

Boss: oh heto bente pesos punta ka ng netopia mag isang oras ka ng internet at itype mo itong depensa natin sa skyscrapercity.com 30mins ka lang ha balik mu sakin sukli wag ka na mag facebook

:bash::bash::bash:

kawawa naman mga bumili sana malaman nila ang site na ito para mapag isipang mabuti :ohno::ohno:

ahhh hinay hinay muna ako ditu di muna ako mag iinternet.... sa wakas dumating na rin mga order ko..negosyo muna...paalam
:wave::wave::wave:
:nuts::nuts:

Hahaha very familiar spiel and pitch...hirap talagang idepensa ang location pag me katabing sementeryo. You should have the ability to handle objection wisely..

im not sure sa cemetery na malapit sa Arezzo ahh... i will speak in general, but there are times na strong point pa ang cemetery na malapit sa condo... cemetery means open space and maraming trees.. so malayo ang view ng unit mo pag kaharap mo cemetery... besides hindi naman pababa ang tingin mo.. palayo. hahahaha ang gulo ba ng explanation ko? intindihin nyo na lang :lol:

strong point? not sure about that. but have read/know a few things about feng shui and it's a :ohno:... although may pang-kontra naman dyan... so it shouldn't be a real issue now.

what's worst is if your property is developed over an old/closed out cemetery... :lol:

@plmetzen, ahente ka ba ng PHINMA Props? at ng ano pa? licensed/sub broker?

:nono::nono::weirdo::stupid:

tutoo nga ang fountain breeze ay effective sila sa pag maintain ng area at mukang walang reklamo :lol::lol: kaya pala cguro binenta ng frend mo yung unit nya :lol: basahin po natin ang mga comments ng mga pinagsusulat ng mga "friend" nyang unit owners ng fountain breeze sa pinoy exchange.

http://www.pinoyexchange.com/forums/showthread.php?t=379663&page=7
PHINMA Management SUCKS! Until now di pa din maayos electricity parati nag-fluctuate, may mga nasira ng appliances wala pa din actions. Ang sabi nilang March malilipat na sa Meralco, August na wala pa din, submeter pa din lahat habang nagbabayad pa ng extra para sa management fees sa kanila. Ang BILLS NAPAKAINCONSISTENT hindi lang sa electric pati na din water bill. COMMERCIAL RATE ang WATER BILL kahit residential, inaayos DAW NILA.... yan lang ang sagot nila para matapos ang usapin. ANG AKALA MONG UNIT NA NAKUHA MO na may maayos na hangin, wala pala kasi iibahin din nila ang designs at tatakpan ng building. Ngayon pa lang siksikan na sa parking, kapag nandyan na ang owners for the new buildings, good luck na lang sa mga residential, bumili kayo ng parking lot na 300 thousand na di naman safe ang parking. Sa unit namin pinapatay nila main switch ng daan kaya kung minsan o madalas ay madilim samantalang nagbabayad naman ng CONDO DUES.
KAMUSTA NAMAN ANG AMENITIES??? mga sirang gamit sa gym?? at ang 2 beses palitan na tubig ng POOL.. YES TWICE LANG YAN PALITAN NG TUBIG SA ISANG TAON.. but according to them twice a week maglagay ng chemical para linisin. YOUR REACTIONS ARE WELCOME!

Problems w/ Fountain Breeze.
1. There is no actual fountain.
2. High rise building design is different from the original design. (Sinira nila ang napagandang design)
3. High rise fire escape just started after people already moved-in. (baka nasita)
4. Parking is terrible. May papark pagkatapos mong umalis sa parking slot mo. or paparking sila sa mga island or anywhere makita nilang free spot.
5. Walang naglilinis sa building but after complaining meron na though hinde parin maayos ang paglilinis.
6. Paying P1,680 for condo dues and P200 for parking dues. I don't see any big improvements.
7. Up to now, I haven't received my bond. Been living there since July 2009. Need to pay the condo dues, pero my question is what do we pay for the condo dues? With all this complaints, maybe they should also consider yung mag problems. Wag one-sided.
8. Got stuck several times on the elevator.
9. May generator pero kapag brown out, walang ilaw. lol, pero ngayon meron na, ilaw lang.
10. Drying cage should be per unit type. yung drying cage ko nasa dulo na napakaliit na kelangan mong umuko.
11. The drying cage area is full of dust.
12. Construction is from 7am-6pm DAW, pero minsan hanggang 11pm-2am meron parin nagtratrabaho. (ang ingay)

at madaming nakawan pa na ngyayari.

a few years ago, muntik na akong kumuha sa condo ng fountain breeze. mura kasi. pero sa nababasa kong feedback sa thread na ito, yung condo, parang nagiging tenement na.
:tyty::wtf::omg::cry::cry::cry::storm:

di ko nga alam kung paanu sila nakakuha ng triple ISO na yan despite sa mga complaints:ohno:..paanu kaya yun:nuts:
:badnews:

thanks @toinkz for posting this up. not able to widen my research about PHINMA. so it's only now I made known about this post about FB. when was this posted, I think based on raised concerns this should be in year 2010.

again from the post, I gather he's living in building 6, medyo hindi maswerteng building ito since in my observation, living in Fountain Breeze since Mar 2010, itong building na ito parating may inaayos, though facial (hopefully) lang naman, imagine yung istorbong meron nag-papatch ng pader mo sa labas then pipinturahan ulet - concern yung alikabok/amoy ng pintura - kahit concrete paint pa yan. then kung umulan, meron (daw) leakages - syempre naman, kahit hairline pa yan gagapang ang tubig dyan... pag ganito, wala ka pang privacy, in general terms ha, silip ka sa window mo dahil gusto mo ng fresh air - magastos kung laging on ang aircon, ayun, kayo ng friendly construction worker mo magkaka-kita-an.. tas pagitnaan ka pa ng 2 building under construction - building 7 erected in 2010-2011 = alikabok + ingay so parati mo isasara nnman bintana mo. then 2011 they erected the parking building. again alikabok + ingay. although mid 2011, tapos nnman na building 7, pero parking building 1year na di pa tapos until now. sa isang thread na-kwento ko na ito.

yung kuryente issue that's also true... pinagkaka-kitaan tlaga nila yan.. perhaps via padding on consumed WpH. but as with mine, hindi naman yata, ma-alam ako at binabantayan ko consumption ko eh... may mga kakilala ako 1 time or another nkapag-reklamo ng ganito. power surges/flactuations grabe ito nuon, especially summer 2010... our buildings was energized May 2011. about 13months we encountered this. sa tubig, I understand PHINMA's stand, as mentioned in another thread, hindi nman kasi makakapasok tlaga MAYNILAD sa loob eh, tas kailangan mo pa i-pressurized. Anyone here, pa-banggit naman ng hi-end hi-rise property nyo kung MAYNILAD/MANILA WATER-serviced kayo hanggang sa unit nyo?

all 12 enumerated issues above are true during sometime (#3, #4, #9 & #12 n/a na kasi tapos na yung construction). except for the bond, which after my fit-out, I immediately seek certification and submit the same to EDSA office. took mine about 2weeks balik na bond ko sakin.

pending issues with FB: -- top most is the worst ones:
5. Walang naglilinis sa building but after complaining meron na though hinde parin maayos ang paglilinis.
--- yup, we strong complain this during our monthly cluster rep meetings. mga bingi at hindi concerned mga admin namin. ni walang nagbabantay sa mga maintenance crews. ang sabi meron daw, sabi ko, "pakilala mo nga sakin"?

1. There is no actual fountain.
--- this is funny coz they say "Fountain" Breeze. And this is what I say, meron na ngang "breeze" dito, libre lang but why haven't you constructed the fountain you've shown in your advertisements. pero kahit wala nlang, kasi for sure "cheap" naman magagawa ito.

6. Paying P1,680 for condo dues and P200 for parking dues. I don't see any big improvements.
--- maybe it's P1,400 only for 40sqm & P1,000 for 30sqm units. mababa ito compared to high-end condo properties. but still, it would seem you won't maximize this. dahil madumi at hindi marurunong maglinis mga tao nila. again, this is being complained to admin periodically.

11. The drying cage area is full of dust.
--- have never been inspired to use our drying cage... since opening of our building, hindi pa nalinis ito... although meron din naman iba gumagamit para pagsampayan. though most, imbakan nlang parang bodega. admin once/twice sent notice to unit owners since bawal naman gawin syang bodega. eh nakakawalang ganang sundin eh... "linisin nyo muna!!!"

13. yung toilettes ng pool sira-sira na
14. children's playground sira-sira narin
15. gym's toilles sira-sira na rin, yung mismo gym sinara muna, ililipat daw sa taas ng parking building -- yung hanggang ngayon di parin tapos yung taas nya. hinihintay ba nila mabenta muna lahat ng parking slots? oh no, e 2nd/F plang ata sold-out, pinapa-benta pa lahat ng nsa 3rd. eh upto 6/floors ito eh...

all-in-all, okay nman tumira sa FB. yung admin guys nmin, cge, turuan muna natin at pagbigyan.. tutal, bottom line tlaga dapat tayong mga unit owners eh maki-alam tlaga para mapabilis ang pagsasa-ayos ng community - if we find admin's efforts are completely lacking.

my last sentiment maybe is that I expected much in Fountain Breeze/PHINMA -- not too much as I know naman dahil mura nga eh. now I just lowered my expectations and extended my patience. What you just paid for is what you really will just get, ika nga. with community's support vis-a-vis admin's efforts, in time aayus din naman yan.. DAPAT lang!

BTW, gusto ko na i-benta UNIT ko sa FB, any takers? usap tayo... :)

amp.. pagkatapon mo sira-siraan ang FB IN DETAILS pa.. sabay ibebenta mo unit mo diyan? palagay mo may bibili pa nyan?

have you lived in any of these properties, yet? saying the truth is not actually low-balling... FYI only.

yup may bibili pa nito.. bentang patalo na... and expect that I will reveal to my prospective buyer/s everything I know, both pros and cons... coz I'm not a liar. this with the intention to help them decide better.

MAIBA ANG USAPAN KUNG MAG EEROPLANO KAYO WAG SA CEBU PACIFIC MGA BWISIT MGA YON DELAYED FLIGHT KO NG 48 HRS. ANDITO PA AKO SA MACAU EH MAY FLIGHT NAMAN KAHAPON HINDI AKO DUN NILAGAY.

with regards sa crack triple ISO thing..kung icocompare ko ung unit ko na binili way back 2007 sa ibang developer eh hanggang ngayun hindi pa xa nirectify..hindi xa nagkakacrack ng malalaki at ramdam mu na napaka safe sha..tungkol naman sa paint eh 2010 xa rinepaint kase mejo nawawala na unlike sa sofia wala pang isang taon repair na kagad at bitak bitak yung building namin kasabay lang xa ng loyola memorial chapels..pero yung loyola hanggang ngayun eh wala xang sign na bitak bitak na paint or structures.. may open parking din kung saan ito ay libre yun nga lang eh di na kasalanan ng guard kung ito ay macacarnap dahil ito ay nasa road area lang naman pero kahit papano eh binabantyan rin nila xempre binibigyan rin namin ng pagkain pampagana sa pagbabantay.:)

kelangan pa ba ng engineer tungkol dito?? of course hindi na..common sense lang kung may crack hindi safe kung walang crack eh safe kahit pamangkin ko na bata kaya nyang tantsahin kung delikado ba o hndi kung magpapaconsult kayu eh wag sa engineer ng phinma dahil sigurado maganda talaga sasabihin ng mga iyon..yung engineer na pinatulog ko eh sabi andaming mali at palpak sa mga buildings puro local lang daw pinaglalagay..

ISO certificate is only just a hard bound paper maybe taken from recto or some corrupt kumpare inside our Government.

I guess ang masakit na katotohanan eh malalaman mo na lang kung matibay ang isang condo kung dumating na ung tinatawag nating lindol..

Sa mga buyers wag kayu mashado sa positive side at sa mga site na tulad ng phinmaproperties.com bagkus eh maging wise po tayo sa pagbili..wag din tayu padadala sa mura dahil mapapamura ka:lol::lol::lol:

sa negosyo kasi akala mo mura pero ang istyle naman eh titirahin ka sa mga water bills at kuryente mu..mamanipulahin nila..sa parking pagababayarin ka kahit hindi naman nila sakop ung lupa sa labas..at xempre bawas amenities, hindi papalitan ung tubig sa pool..babwasan nila ung ilaw sa hallway at kung magbabasketbol ka eh magbabayad ka para tanggalin ang kandado sa ring..

hahanap sila ng paraan para pagkakitaan ka ng pagkakitaan (negosyante nga eh)haha

wag rin po sana kayu papaniwala sa rendering at sa mga ahente..

here i rest my case..titirahin ko pa yung cebu pacific na palpak ang serbisyo parang phinma bago ko gawin yun eh uunahin ko muna yung mga ground steward pagdating nila dito

:bash::bash::bash:

FYI negosyante po ako hindi ko an kelangan maging propesyonal dahil ang gumagawa lang nyan eh mga empleyado lang..nagkakamali rin po ako when it terms sa paghandle but then hindi ko pinepressure na maplease ang mga customers kahit papanu madami namang bumabalik sakanila..word of mouth lang ng mga customers ang tangi kong advertisement kaya kahit papanu eh survive pa rin ang aming business..dahil kung iaadvertise ko sa tv eh siguradong papatungan ko ang bayad ng mga customers.

I should say thanks to the people who are not ashame to tell the truth about or even to the place they are living in.Actually this is just the tip of the iceberg,muntik na akong kumuha dito (Fountain Breeze)till my freinds told me about their grievances(Sofia B) na una sobrang excited nila then turned into dismay ng maturn over at matirhan na nila.This is just part of our research as buyers and investors,if you want to still go for it then pursue, but if you want to be wise,then its our individual choices.

pansin ko lang yung ad nila ung isang letter "z" sa Arezzo eh iba ang kulay..kulay green..bakit kaya?? ahh lam ko na inedit yun.. letter "T" kase sha dati.. AREZTO..

PHINMA AREZTO PLACE

KUNG SAAN INAAREZTO ANG MGA PERA NG MGA BUYERS PARA PATIRAHIN SA TABI NG bahaing ZEMENTERYO:lol::lol:

buyers please note... for any unit with balcony, double check with your agent if the said 30-sqm w/ balcony unit includes the balcony's actual sq footage. hence, if balcony is usually 6sqm, mind that remaining space would be 24sqm then deduct t&b and kitchen (base cabinet). that should give you your net open/living space for your unit.

agents - any factual info on this? please respond.

^^

in general talaga, iba ang livable space sa total area under the law

parang sa lot lang din... kunwari bumili ka ng 150 sqm na lupa... kung magtatayo ka ba ng bakod o pader ehh sa labas ng 150 sqm? syempre hindi dba.. kasi magagalit ang kapit bahay mo.. hindi pa kasali dun ang mga puno na dati nang nakatanim or any unmovable object... in reality, mas maliit lang sa 150 sqm ang magagamit mo.. same with condo.. yung mga columns at pader kasama sa bilangan ng sqm ng unit mo.

Talaga yung lot na katabi nito ay gagawing cemetery? Magiging creepy siguro diyan sa condominium pag gabi. Hehe. Sana hindi na matuloy yung balak nila diyan.

^Totoo po na gagawing sementeryo yung malaking vacant lot sa harap. Nakalagay na yung signage ng gobyerno. It's a public cemetery.

Maraming buyers actually na pumupunta dun for site viewing pero hindi nila napapansin yung harap. Yung tinitingnan lang nila yung condo site mismo. Ako dati, nag google earth pako para tingnan yung mga nakapaligid sa condo site, madaming vacant lots. Malay ko bang yung malaking vacant lot sa harap, sementeryo pala itatayo dun. At phase1 pa lang yun, saan naman itatayo ang phase2? Siempre ang phase2 kalapit lang ng phase1...in short sa paligid lang din ng arezzo. kainis! :bash:

From what I have observed dati, I think it will be creepy at night. Kase unlike yung mga condos near south cemetery dito sa makati and yung sa the fort, madami nang establishments na nakapaligid. so hindi na masyadong maffeel na may sementeryo. Yung arezzo site... ang mga katabi nya... warehouses, isang condo (w/c is yung palm dale nga), vacant lots, madaming puno...peaceful actually. So pag tapos na sementeryo, feeling ko lang...mas maffeel ang pagiging peaceful ng place. :)

squatters+flood+sementeryo...

naku timbrihan nyu na kaibigan nyu na gustong bumili jan..

uso pa naman ngayun ang leptospirosis na kung saan papasok ung ihi ng daga sa baha at nkakamatay..

isipin nyu na lang pag bumaha tapos yung mga germs ng bangkay na nadedecay eh maapakan nyu or yung virus ng mga bangkay pupunta sa hangin tapos malanghap nyu araw araw..

paano kung ung mga daga nginatngat ung bangkay tpos pupunta mga daga sa arezzo?? eiwness

madalas ang mga squatter na snatcher nagtatago sila sa sementeryo duon din sila dumudumi at umiihi dahil libre..at xempre titimbrihan kayu paglabas nyo sa Arezzo

hayyy npakabaho at hindi safe ng surroundings...:ohno::ohno:

buyers pag isipang mabuti

http://3.bp.blogspot.com/-OTE4db06LlQ/T9g9haVK3GI/AAAAAAAAALY/AuwGstNcuP4/s1600/treelinedmainentrance.jpg

Clubhouse:
http://farm8.staticflickr.com/7110/7662034952_005f436da7_b.jpg

http://farm8.staticflickr.com/7131/7662033964_443ab4cd8a_b.jpg

kamusta kaya ito ngayon.. binaha kya yung site mismo o yung sa kalsada lang?

ganda ng rendering nadadala tuloy ako parang gusto kong bumili:lol::lol: bakit kaya napalibutan ng puti? at may sunrise at sunset pa? mukang heto yung Dragon Balls na hinahanap ni son goku....hindi kaya yung puti eh sementeryo..anlawak nun phase1,phase2,phase3,phase4

http://farm8.staticflickr.com/7131/7662033964_443ab4cd8a_b.jpg


Saan exactly dito ang cemetery?? if the post above is to be believed that the white ones are cemeteries then clusters 1,3,8,10 should be considered as prime units coz they dont have to worry about a cemetery view. :)

Ilang building po lahat gagawin dito?

ganda ng rendering nadadala tuloy ako parang gusto kong bumili:lol::lol: bakit kaya napalibutan ng puti? at may sunrise at sunset pa? mukang heto yung Dragon Balls na hinahanap ni son goku....hindi kaya yung puti eh sementeryo..anlawak nun phase1,phase2,phase3,phase4

stop posting nonsense, i understand you bashing the project for the cemeteries besides it... but the sunrise and sunset are essential at the renders.. you're ignorant if you think it's not important.

stop posting nonsense, i understand you bashing the project for the cemeteries besides it... but the sunrise and sunset are essential at the renders.. you're ignorant if you think it's not important.

bakit? nagpopost ka rin naman ng nonsense ah? katunayan tinabla ka nga ng mga tao dun sa thread ng trump towers manila nung sinabi mong dugyot yung pilipinong may ari ng century properties:nuts::nuts: ganyan pala ang tingin mo sa pilipino..:ohno::ohno: ignorante nga ako bastos ka naman.. cguro ahente ka rin neto hayyysss...

Besides bagay sa yo tong project na ito sakto ung sementeryo sa name mo R.I.P.013:lol: so panu ba yn sa iyo na itong thread na ito at ako ay mamaalam na..bka di munako rereply ng matagal at raraket munako ngayong bagyo..

Well, Buyers gudluck...pls. do the research first before buying a unit..:) have a nice day

bakit? nagpopost ka rin naman ng nonsense ah? katunayan tinabla ka nga ng mga tao dun sa thread ng trump towers manila nung sinabi mong dugyot yung pilipinong may ari ng century properties:nuts::nuts: ganyan pala ang tingin mo sa pilipino..:ohno::ohno: ignorante nga ako bastos ka naman.. cguro ahente ka rin neto hayyysss...

Besides bagay sa yo tong project na ito sakto ung sementeryo sa name mo R.I.P.013:lol: so panu ba yn sa iyo na itong thread na ito at ako ay mamaalam na..bka di munako rereply ng matagal at raraket munako ngayong bagyo..

Well, Buyers gudluck...pls. do the research first before buying a unit..:) have a nice day

LOL!! that century agent in the trump thread has a personal beef with me.. am i the only one who made fun of the dugyot looking owner of century? there's quite a handful of us and i was singled out by him.. in the end, siya nga ang nagmukhang tanga. :lol:

FYI, im not an agent.. and im not related to Phinma or any of its properties.


and like a coward... mamaalam ka na... you are exposed with your ka-ignorantehan ehh... all rants but no substance at all LMAO!!

making fun of the projects are okay as long as it has a point... but why make fun of putting where the sunrise and the sunsets are?? if you are an investor.. sunrise and sunsets are one of the factors when choosing a unit. why make fun of it???

Saan exactly dito ang cemetery?? if the post above is to be believed that the white ones are cemeteries then clusters 1,3,8,10 should be considered as prime units coz they dont have to worry about a cemetery view. :)

dun sa kabilang side ng street ng alfonso yung cemetery. hindi dun sa area na may nakalagay na N. Yung area ng N ay existing condo if i'm not mistaken

making fun of the projects are okay as long as it has a point... but why make fun of putting where the sunrise and the sunsets are?? if you are an investor.. sunrise and sunsets are one of the factors when choosing a unit. why make fun of it???

Newbie here and yes i have to agree with this. When we bought our units at SM Light I went there several times on a sunny day just to check the sun orientation to the location of the units were were choosing. I did this because we preferred the morning sunlight over the afternoon sun exposure which makes your unit hotter throughout the day.

The cemetery isn't next to any of the Arezzo Place buildings BTW... it's in between the warehouses across the street from Palmdale if you check it on googlemaps. Doesn't bother me either since our house in QC is next a private cemetery just as well. Nice and quiet... :D My friends from the area (Greenwoods) also confirmed that the said development wasn't flooded during the rains this week (although Mercedes Ave. down the road, i think, was flooded); I'm checking this out also as my younger brother and my boss as well are looking to buy here using their Pag-ibig loan privileges.

ayyy sus! for weeks umikot ang usapan sa sementeryo ehh ang layo naman pala ng mga clusters sa actual cemetery. thank you to the others who cleared this up. :bash:


and yes, i prefer morning sun than an afternoon sun too... when i bought my unit at makati, although breathtaking ang view ng manila bay.. i opted for a unit that is fronting makati skyline as the manila bay view unit has an intolerable heat between 2-4pm.

From Facebook
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/292351_428547533854365_2102245199_n.jpg

https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/527059_428547350521050_299150696_n.jpg

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc7/42374_428547390521046_1088311860_n.jpg

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc7/304885_428547453854373_126564236_n.jpg

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/s720x720/251896_428547193854399_1805236359_n.jpg

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-snc7/422374_428547390521046_1088311860_n.jpg

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc6/s720x720/255259_428546700521115_1179984655_n.jpg

Source:https://www.facebook.com/media/set/?set=a.428546403854478.90846.100000973664072&type=1

http://farm8.staticflickr.com/7131/7662033964_443ab4cd8a_b.jpg

what's funny about this render is the fact that they already showed/pointed where "N"orth is... commonly, pointing North lang naman tlaga makikita mo sa mga renders eh. so it then give themselves their own ignorance about the matter... would you still need to state what is obvious? do they think "tanga" at walang alam yung mga customers/buyers nila to analyze where is east & west when north is only given? sana dinagdagan pa nila ng smily-face si haring araw :lol: :lol: :lol:

from the engineers (structural/design defects ng past projects), ngayon pati ba nman mga architects (for brochures/renderings) - sama na natin ang sales people... parang ine-engot nila buyers :ohno:

interested buyers, kindly take due diligence. the advantage of buying at a pre-selling stage is only its lowered price. but the dilemma is, you wouldn't know what's there at the time of delivery & when you are already living there - like how they'll manage your property, etc. etc...

to buyers: check the site and the sorrounding areas by yourself. don't listen to agents/brokers who have vested interests. you can actually feel/see from the way they talk. choose your agents/brokers wisely.

on the other hand... don't listen to trolls as well.. they will say anything negative about any project no matter what.. you can feel/see it on the way they talk too.


YES, check the site for yourselves and make up with "your own" conclusion.

Yup, nothing beats seeing for one's self. The internet is a double edged sword so the info you get can be helpful but also, you should always take extra steps to verify that it is indeed accurate and not biased. Parang sa mga car forums lang, yung ibang self-proclaimed experts na bigay ng bigay ng suggestions on what car to buy, etc. pero in the end, they never even really owned or at least comprehensibly tested the cars they highly praise or diss forlornly.

When we were buying a property in another QC subdivision before, when there was a strong downpour i immediately drove to the place just to see how the waterflow was. It proved wise as what i saw made us decide not to purchase that property. A couple of years later, Ondoy happened and that part where we wanted to buy got flooded.

Try to check this site kung gaano binaha ang Sandoval sa labas ng Arezzo - http://lifestylecheck101.blogspot.com/2012/08/photo-updates-on-flood-in-sandoval-ave.html

Try to check this site kung gaano binaha ang Sandoval sa labas ng Arezzo - http://lifestylecheck101.blogspot.com/2012/08/photo-updates-on-flood-in-sandoval-ave.html

binabaha tlga...supposed to be ppuntahan nmen ang showroom ng arrezo mismo sa sandoval coming from evergreen cemetery, ngtnong kme sa isang trycycle driver na nkapila sa loob ng evergreen and asked kng pde kme hnatid sa showroom tnanong n :dunno:rin nmen kng kmsta ung place kng binabaha...aun binabahanga dw banda dun, ndi n kme tumuloy, syang super affordable pa nman sana :dunno:

binabaha tlga...supposed to be ppuntahan nmen ang showroom ng arrezo mismo sa sandoval coming from evergreen cemetery, ngtnong kme sa isang trycycle driver na nkapila sa loob ng evergreen and asked kng pde kme hnatid sa showroom tnanong n :dunno:rin nmen kng kmsta ung place kng binabaha...aun binabahanga dw banda dun, ndi n kme tumuloy, syang super affordable pa nman sana :dunno:


binabaha nga ang sandoval/merceded. I remember mas worse pa during Ondoy ang nangyari kaya frustrated mga taga East Raya including Palm Dale Heights :ohno: :ohno: :ohno:

binabaha nga ang sandoval/merceded. I remember mas worse pa during Ondoy ang nangyari kaya frustrated mga taga East Raya including Palm Dale Heights :ohno: :ohno: :ohno:

Thing is, the lgu should just focus on building more flooding pumps to drain the area --- sayang yung area dyan because its quite accessible to business and commercial areas.

meanwhile, somewhere in Pasig...

http://i600.photobucket.com/albums/tt84/plmetzen/2012_1004_Arezzo_Open_House.jpg

^ ^ ^ halloween promo talaga ginawa nila?

halloween forever na to after ma construct pati un kalapit na sementeryo

Thing is, the lgu should just focus on building more flooding pumps to drain the area --- sayang yung area dyan because its quite accessible to business and commercial areas.

That's true. Back in the late 80s and early 90s Mercedes Ave. was just all open fields and ricefields and commercialization has already really gotten there to the area near Greenwoods. As a kid, I remember going to the Commercial Motors (Mercedes Benz) building at the corner of Mercedes and what's now Sandoval Ave (i think this is where East Raya is today.) I'd expect to give it 3-5 years more and a lot of those warehouses along Sandoval will become commercial establishments just as well given its proximity to Ortigas Center and Pasig town proper.

I drove through the Sandoval area and Arezzo to get from Ayala Ametta Place to Bicutan a couple of weeks ago and was surprised on its proximity to C6. The drive to SLEX from Sandoval via Bicutan exit took me around 20 minutes. If only the government pays attention to the C6 road network and fixes it as planned on the other thread in SSC, it will be one convenient location. This C6 should also help decongest C5 and Ortigas Avenue.

That's true. Back in the late 80s and early 90s Mercedes Ave. was just all open fields and ricefields and commercialization has already really gotten there to the area near Greenwoods. As a kid, I remember going to the Commercial Motors (Mercedes Benz) building at the corner of Mercedes and what's now Sandoval Ave (i think this is where East Raya is today.) I'd expect to give it 3-5 years more and a lot of those warehouses along Sandoval will become commercial establishments just as well given its proximity to Ortigas Center and Pasig town proper.

I drove through the Sandoval area and Arezzo to get from Ayala Ametta Place to Bicutan a couple of weeks ago and was surprised on its proximity to C6. The drive to SLEX from Sandoval via Bicutan exit took me around 20 minutes. If only the government pays attention to the C6 road network and fixes it as planned on the other thread in SSC, it will be one convenient location. This C6 should also help decongest C5 and Ortigas Avenue.


would love to see old pics ng mercedes/sandoval

I am glad I found this thread. I have a list for rent to own properties na pagpipilian ko for investment. Mahirap din pala magdecide kapag preselling ang condo dahil walang makakapagbigay ng testimonial based on experience if the place is worth buying. I prefer mid-rise condominiums.

Phinma expects property business to recover this year
By: Krista Angela M. Montealegre | InterAksyon.com | Sunday | March 10, 2013 9:47 PM


http://www.interaksyon.com/assets/images/articles/interphoto_1362923592.jpg
Phinma Properties' projects

MANILA - Phinma Corp sees a recovery in its property business this year, as it gears up for its planned initial public offering (IPO).

Ramon del Rosario, Phinma president and chief executive officer, said Phinma Property Holdings Corp will launch as many as four residential projects after being "sidelined" last year because of “slower-than-anticipated licensing procedures" that affected some of its planned developments.

"Phinma Properties did not have a very good last year, unfortunately. It was a little disappointing, but we're back on track and we think this year will be a good year," said del Rosario.

The 35-percent owned affiliate of Phinma was only selling its Asia Enclaves Alabang project for most of 2012, he added. Late last year, it received the go signal to launch two more projects.

Del Rosario said Phinma wants to build up its property business this year before it undertakes a maiden share sale.

"We want a good year behind us before we do a public offering. As I’ve been saying, we hope we can have a couple of good years but at least one strong year, which we expect this year, [then we can do an IPO]," said del Rosario.

In 2011, Phinma Properties had put off its planned IPO because of expectations of a slowdown in the low-cost and affordable segment of the market on tighter competition and massive supply.

"We're building up quite a bit and our building system is very fast and that's one of our advantages, especially when we go back to our traditional business, which is the five-storey walk ups. Those we can do in nine months and then turn it over," said del Rosario.

The property business and losses in One Animate Limited dragged Phinma's core income attributable to shareholders last year to P131.5 million, down 24 percent from P174.1 million in 2011.

Aside from housing, Phinma is involved in education, power, manufacturing of galvanized and pre-painted iron sheets, business process outsourcing for animation services and investment holdings.

Source: http://www.interaksyon.com/business/56774/phinma-expects-property-business-to-recover-this-year