Im positive about this project. This is a sure fire hit project!!!!

Can you imagine, a fifth avenue and manila golf address designed by arquitectonica? This is a dream project.

They also have deep pockets. They have so much confidence on this project that they have started construction last year pa. This will be one of the better looking projects in BGC backed by one of the most trusted names in Phil real estate.

i hope so..

dumami marketing events nila lately.. ang inaask ko lang naman.. dumami na rin ba ang benta nila.. malapit na magone year kasi mula nung nag-ground break sila.

i hope so..

dumami marketing events nila lately.. ang inaask ko lang naman.. dumami na rin ba ang benta nila.. malapit na magone year kasi mula nung nag-ground break sila.

...that's the point rip...after they built the premiere team they started to have more events. and i guess more to come. as for your question, yes they did have more sales this time. The premiere team started just last month. in mid january to be exact. and so far they already had 3 sales to count. i heard there are 5 more this coming month. im proud to say i would be one of those :D

Dude, do not jump on the so called "Premiere team" bandwagon that quickly.. as i've said all they did was hire MORE people to their marketing team but there is not much of a difference from what they have before.

The good news is, the admin FINALLY injected more money to help out their marketing team.. That, i believe would make a difference. There are a couple of close friends that I have which is part of their "Marketing/Premiere" team.. that's why i can tell you, that the "Premiere Team" is nothing but a myth. It's just a normal Property Consultant/Manager.. given that specific title to cover the failure of the project in the past year.

I know for a fact they've also recruited away one of Philtown's best sales team. My Philtown agent was one of them who defected.
Her whole group/team was recruited daw to work for FilInvest (Premiere Team). Hopefully this will also help with the Sales in the BeauFort.

What they have right now is 4 sales director.. each has his/her own team consisting of sales manager that can manage up to 5 property consultants. Hinire lang ang mga to galing sa iba't ibang developers.. hindi nga sila pinirata, sila ang nagapply sa Filinvest(except for the original team na nanggaling na sa ibang mga projects ng Filinvest sa Alabang).. you can actually see the Job offer of Filinvest sa JobsDB.com when they are still looking para madagdagan ang team nila.


Now, nung nabuo na.. tinawag na nilang "Premiere" ito.. Seryoso, is it enough para maniwala ako na because of them bigla na bibilis ang takbo ng sales ng Beaufort?

I have nothing against the Beaufort.. it is one of the most promising project right now sa The Fort.. I am even selling it indirectly since referring my clients to my Filinvest friends entitled me to a 1.5% commission.. Pero, by saying na bibilis na ang benta nito just because handled na ito ng "Premiere" team na alam ko naman kung paano nabuo? sorry hindi talaga kaya arukin ng comprehension ko.. :ohno:

Now if someone will state na mas aggresive na ang marketing ng Filinvest kaya mas may chance bumilis ang benta nito that would be a different story.

Could it be that they are selling the condo units at a very high price.
I think its the most expensive (P/sqm) project in BGC right now.

Maybe the high high end market has shrunk and possible investors are affected by the global economy slowdown...

Maybe some bought into the remaining/re-sell open units in The Icon, Bellagio 3 or Fairways because those projects are in more advance stage.

^^

Actually, late last year, one of the more recognizable entrepreneur in our country (clue: his company is being represented by a PBA team) was interested sa Beaufort.. because of the price per sqm, the guy ended up buying in a nearby condo an entire penthouse floor.

That is exactly my point.
The price right now is very niched.

Aside from the competition out there, at this stage of the condo boom in BGC and Global economy slowdown,
How many ultra rich people are still in the market for a condo?



^^

Actually, late last year, one of the more recognizable entrepreneur in our country (clue: his company is being represented by a PBA team) was interested sa Beaufort.. because of the price per sqm, the guy ended up buying in a nearby condo an entire penthouse floor.

^^ I just hope this beautiful development pushes through inspite of the crisis.

That is exactly my point.
The price right now is very niched.

Aside from the competition out there, at this stage of the condo boom in BGC and Global economy slowdown,
How many ultra rich people are still in the market for a condo?

^^ there are still many ultra rich people that can buy cash at 15M per unit or more. though, there is indeed a slowdown on high-end developments due to a cautious market, which is wrong if you are that rich.

I agree that there are still many ultra rich people that can buy cash 15M condo units.
But the question is how of these ultra rich people are in the market to buy a condo in Beaufort?

So many competition out there. Most of these ultra rich might not like to wait 3 yrs to get their condo unit.
Bellagio Towers, Fairways, The Icon, Pacific Plaza and Essensa might be a better alternative (if they don't want to wait).

Everybody is cautious and rightfully so.
I guess most of them will be in a wait and see mode.

..hey guys...and oh update for rip013....i visited the showsuite last sunday. and truth to tell they were able to sell 4 units for the past week. that would be a total of 10 units in less than a month. and boy you should have seen the walk-ins and the guests they have...

so ilan na nga lahat lahat? hindi nyo naman sinasagot ehh.. ang naririnig lang namin puro malakas ang benta.. give us the specific numbers.. baka nga isinama pa diyan yung mga smaller cuts na bigla nila nilagay sa 7th floor para maparami lang ang bilang ng sales.. yung sa 8th floor na may mga typical units pataas na (yung may mga 4 units per floor) ilan na lahat ng benta?

para malaman nga namin kung malakas nga ang benta nito or not.

I agree that there are still many ultra rich people that can buy cash 15M condo units.
But the question is how of these ultra rich people are in the market to buy a condo in Beaufort?

So many competition out there. Most of these ultra rich might not like to wait 3 yrs to get their condo unit.
Bellagio Towers, Fairways, The Icon, Pacific Plaza and Essensa might be a better alternative (if they don't want to wait).

Everybody is cautious and rightfully so.
I guess most of them will be in a wait and see mode.

^^ actually, real estate sales is going strong for most developers.. i know MW, ALI and SM is doing well... the ultra-rich, being ultra-liquid would prefer pre-selling projects, since they know it will have more value than buying RFO and they have many properties anyways so they have the luxury to wait...

let's wait for things to unfold for beaufort. this is a very nice project and if you love what they are offering, and if you feel that the price is reasonable enough for the project at such a prime location (millionaire's row), and, finally, if you have the money anyways, then why not reserve a unit already... your indecision will hold your investments back.. in any case, filinvest has the money anyways to accomplish this bldg.. so buy now. if you are not satisfied, sell the unit within a year of reservation, there will always be takers...

so ilan na nga lahat lahat? hindi nyo naman sinasagot ehh.. ang naririnig lang namin puro malakas ang benta.. give us the specific numbers.. baka nga isinama pa diyan yung mga smaller cuts na bigla nila nilagay sa 7th floor para maparami lang ang bilang ng sales.. yung sa 8th floor na may mga typical units pataas na (yung may mga 4 units per floor) ilan na lahat ng benta?

para malaman nga namin kung malakas nga ang benta nito or not.

i'm not really sure to the exact number of actual sales but from what i've seen last week madami naman walk-ins like me. the development is nice and we are getting one next week ;)

i'm not really sure to the exact number of actual sales but from what i've seen last week madami naman walk-ins like me. the development is nice and we are getting one next week ;)

WOW! good for you.. walk-ins doesnt necessarily translate to sales.. but since you claim you're getting one then that's good news for the beaufort team. :lol:


Sana meron dito makapaglabas ng availability ng beaufort.. nakita ko yun the last time na nasa showroom nila ako eh (d pala sa showroom, sa office nila mismo sa gilid ng showroom).. nilalagyan nila ng pin as mark yung mga units na nabenta na nila. Yun dahilan bat naging skeptic ako :lol:

WOW! good for you.. walk-ins doesnt necessarily translate to sales.. but since you claim you're getting one then that's good news for the beaufort team. :lol:


ummmm, @ you_wish. mukhang di sya naniniwala that you can afford a unit at beaufort? haha. :lol:

haha. i think it's more of di sya naniniwala na nakakabenta ang beaufort team. kidding!!!

wala naman talaga akong pamibli - parents ko meron.
it's priced @ 117 per square after discounts.

4 units per floor, maganda ung wood cladding sa hallway and carpeted that's why my mom liked it.

that's nice. carpeted hallways and may wood cladding pa. parang hotel na pala ang specs nito.

I thought Beaufort was priced around P130+/sqm
@ 117/sqm its almost the same price range as Bellagio 3, The icon and Fairways.

With that discount now it can surely compete. ^^



haha. i think it's more of di sya naniniwala na nakakabenta ang beaufort team. kidding!!!

wala naman talaga akong pamibli - parents ko meron.
it's priced @ 117 per square after discounts.

4 units per floor, maganda ung wood cladding sa hallway and carpeted that's why my mom liked it.

i'm not doubting anyone's capability to buy here.. hindi lang ako makapaniwala na nakakabenta na sila!

the 133k plus before includes the split-type aircon and parking.. ngayon, ata optional na kung iaavail mo yung mga yun. kaya mas nagmura.. pero kung iisipin mo since kailangan mo pa rin ng bumili ng aircon saka parking in the end.. ganun pa rin gagastusin mo.

the parking is optional and the 2 aircon still comes with the unit.

it's priced @ 117 per square after discounts. the parking is optional and the 2 aircon still comes with the unit.

^^ Hi You_wish. If you don't mind me asking, what discounts were they offering? Just wondering if the P117/SQM asking price at the BeauFort is with the cash discount already or is that actually just the the re-priced/revised asking price now? At P117/SQM it's not bad at all price-wise especially when compared to Serendra's Red Oak high-rise condo asking price for example. It's actually quite competitive as far as high-end condo is concerned.

@you_wish

if you dont mind me asking.. what kind of payment scheme ang inavail ninyo and how many percent is the discount?

...as what i have posted just a couple of days ago, there are 9 to count. that's just for the Premiere team without the ones of the in house sales yet. One is still pending as theirs would still have to be approved daw. yung P117k per sqm happened because of the discounts given narin. so the bigger downpayment you give, the bigger discounts you are bound to get. you can play with the figures actually just like what i did with mine. they approved it. it's a win win solution actually. my property executive was good enough to bargain with the management :D

okay, just this afternoon i was allowed to look at their availability sheet but was not allowed to have a copy of it. bummer. so heto na ang mga nabenta (LAHAT to ah.. doesnt matter if premiere o in house)

buong 7th floor (smaller cuts, studio type)

A= (3br, 148 sqm) B=(2 br, 103 sqm) C=(2br, 100 sqm) D=(2br, 70 sqm)

8D
9D
10B, 10D
15B
18A, 18B
20A, 20B
21C
39D


yan na lahat nag OS simula last year.. kayo na bahala, magdecide kung mabilis nga o mabagal ang bentahan nila kumpara sa ibang projects sa fort.

although, i have to concede.. dumami nga ang events nila lately pati mga booth. So baka nga mas bumilis ang benta nila this year kumpara last year *Hopefully*

I'm surprised with all the interests you guys have with the sales of Premiere Group and you were able to get specific details!!:nuts:

I agree --- galing ng Premiere Group! YES WE CAN!!!!

mabagal nga ang take-up nila, if what rep03 said was true... but, let's hope for the best. i like this project, it looks so clean and nice..

hi everyone!

^^ Okidoki. Congrats and looking forward to that! I have high hopes for the BeauFort project! I want it to be a success! Good Luck and God Bless! :cheers: :cheers: :cheers:

^^ Okidoki. Congrats and looking forward to that! I have high hopes for the BeauFort project! I want it to be a success! Good Luck and God Bless! :cheers: :cheers: :cheers:

Hey, would like to thank you for being so patient and all. I do admire you.
Bihira ang katulad mo... promise!:applause::applause::applause:
you will be blessed.

Thank You! Same here. Maraming Salamat din! We'll meet up soon. I'm usually in BGC/Fairways anyway and the BeauFort showroom is not far. :) :) :)

hi rip013,

i'm actually reviewing this thread and you are making me wonder????...
based on your earlier posts, you were so positive about this project (and it seems you were once offering beaufort... try to review your posts....
how come i'm having this negative vibe on your posts now?
hmmm.... i guess you're no longer connected with the company)

try to be happy for the premiere group...
im sure they are a big help...
Before the premiere "3" leaders came-in, silently known as A.R.M. (they were actually pirated), the existing sales were quite passive in selling and with the activities that you see and hear about.... with or without events, clients come pouring-in, maybe this is because the premiere group is very fired up with excitement and very proud of the project. Indeed, the group already sold 10 units in 2 weeks time.

will be glad to meet you...
good vibes lang everyone :-)

hi BOE!!!!! we will meet soon.


I am just stating Facts.. hawak ko kanina ang updated availability sheet nila.. kung totoong madami na benta nila.. bakit hindi nagappear sa latest availability sheet nila? Kung totoong negative ang dating ko i'm sorry.. nagtataka lang ako kung bakit ang daming nagcaclaim na malakas ang benta pero pagchinecheckout ko naman sa availability sheet nila iba ang dating saken. So para sa akin.. saan ako mas maniniwala? sa availability sheet nila o sa kwento kwento? don't get me wrong ha.. hindi kita inaaway, ang dating lang ng flow ng conversation sa previous pages eh parang nagkakabolahan ata.. kaya medyo ni-refute ko kasi nga iba ang alam ko.. now dun sa nilabas kong info regarding sa info na nakuha ko sa availability sheet.. welcome ko naman kayo to prove me wrong eh. actually, i am hoping that you guys will prove me wrong.

and yes.. i'm still positive about the project.. maganda ang Beaufort.. arquitectonica pa ang nagdesign.. ang line of argument ko lang naman dito eh kung totoo ngang mabilis ang benta or not.

IA!!! IA si miss rushyrush and 3cr!!!! :lol: :jk:

mabagal nga ang take-up nila, if what rep03 said was true... but, let's hope for the best. i like this project, it looks so clean and nice..

i can believe na baka nga mabagal ang take-up that's why such a drastic move like creating a "premiere" group was done. it's a good project, with the right marketing, this will be a hit.

^^ Hi You_wish. If you don't mind me asking, what discounts were they offering? Just wondering if the P117/SQM asking price at the BeauFort is with the cash discount already or is that actually just the the re-priced/revised asking price now? At P117/SQM it's not bad at all price-wise especially when compared to Serendra's Red Oak high-rise condo asking price for example. It's actually quite competitive as far as high-end condo is concerned.

@you_wish

if you dont mind me asking.. what kind of payment scheme ang inavail ninyo and how many percent is the discount?


10% down after 30days from reservation (or pwede makiusap na monthly na din ang DP)
60% payable in 3 years
30% upon turnover

boe, sa fairways ako kanina, forgot to text you. palibre sana ako sa starbucks. lol

hi everyone! =)

based sa model unit parang mas maganda yung 2br kaysa sa 3br.. d ko maintindihan bakit kung ano yung mas malaki yun ang mas masikip tingnan. :lol: although, i heard magkaiba ang interior designer nila.

hi everyone! =)

hi everyone! =)

^^ Okidoki. Will text it to you... :) :) :)



IA!!! IA si miss rushyrush and 3cr!!!! :lol: :jk:
^^ Intrigero ka ha! Rushy and I are friends! :) :) :)



10% down after 30days from reservation (or pwede makiusap na monthly na din ang DP)
60% payable in 3 years
30% upon turnover

boe, sa fairways ako kanina, forgot to text you. palibre sana ako sa starbucks. lol

Thanks for the info You-wish! I'll be at Fairways this afternoon to visit/check the unit. Our fellow FT unit owner, Greg/fbgcxxx, will probably be there as well. Hopefully we'll bump into each other if you're still at FT by the time we (Greg and I) get there. Starbuck's lang pala... btw ako yata ang dapat magpalibre sa iyo after seeing your Joya unit design concept. Ganda and looks very pricey! Ikaw ang loaded bro! Hehehe... :cheers: :cheers: :cheers:

kay rushy rush nalang tayo palibre.

loaded? wala na, napunta na sa mga condo.

until when are you staying here?

kay rushy rush nalang tayo palibre.

loaded? wala na, napunta na sa mga condo.

until when are you staying here?

pede din ako magTreat, ako lang magtreat... pro kayo ni boe magsi share sa bills natin...:banana:

grabe, gaganda ng units nyo.... celebrate dapat yan.:):)

okay, just this afternoon i was allowed to look at their availability sheet but was not allowed to have a copy of it. bummer. so heto na ang mga nabenta (LAHAT to ah.. doesnt matter if premiere o in house)

buong 7th floor (smaller cuts, studio type)

A= (3br, 148 sqm) B=(2 br, 103 sqm) C=(2br, 100 sqm) D=(2br, 70 sqm)

8D
9D
10B, 10D
15B
18A, 18B
20A, 20B
21C
39D


yan na lahat nag OS simula last year.. kayo na bahala, magdecide kung mabilis nga o mabagal ang bentahan nila kumpara sa ibang projects sa fort.

although, i have to concede.. dumami nga ang events nila lately pati mga booth. So baka nga mas bumilis ang benta nila this year kumpara last year *Hopefully*

...nope this isn't the latest availability :)...say for one...the whole 20th floor has already been taken. Even the lower penthouse has already been sold [3BR]. by the movement of the premiere team, it won't be long we would see THE BEAUFORT's west tower sold out! i'm hoping though they would have other cuts made available for their east tower. im looking forward to that too.

...nope this isn't the latest availability :)...say for one...the whole 20th floor has already been taken. Even the lower penthouse has already been sold [3BR]. by the movement of the premiere team, it won't be long we would see THE BEAUFORT's west tower sold out! i'm hoping though they would have other cuts made available for their east tower. im looking forward to that too.


That's the latest during that day.. nasa showroom ako nung araw na yun eh!

that's another way of saying may isang unit na nadagdag sa 20th floor! :lol:


I'm not so sure about sa ibang claims mo.. pero sa sobrang exagg mo magkwento kaya tuloy napilitan akong maglabas ng info para i-refute ka.. si rushyrush tuloy ang na-offend ko.

I won't get to any more debate with you dahil na-ooffend ko yung ibang mga posters.. the availability already reflected what is true.. it will speak for itself na lang.

i visited the showflat last weekend and i didnt get any drinks!

anyway... 2br looks better simply because of floor plan layout. the master bedroom of 3br was too 'forced' into the form of the tower. hence it looked cramped and small, while the 2br enjoys generous rectangular form for optimal furniture layout

conrad onglao designed the 2br while alice erfe designed the 1br and 3br...

seems like they r preselling west tower first - which enjoys a better view. east tower doesnt have such advantage as it is directly neighboring with massive fort san victoria towers. this development's towers have quite a small floor plate, with one side of the glass walled tower a full height shear wall of the building core.. not a very nice design

unit take up is quite low. not many buyers i think...

i was actually thinking if they can make this into just one tower... since its getting too crowded in that area.. imagine fort victoria is a 3-tower development (if i'm correct)... just a thought..

hi everyone =)

Ang Ganda ng BeauFort showroom! Really well done and very impressive! And low unit per floor ratio (only 4 per floor) even! It's also a real looker of a building and quite competitively priced to boot! Thanks Rushy for showing it to me. I sincerely hope that the BeauFort becomes a big success! Product is really good - medyo bad timing lang talaga. Could have been such an easy sell if not for this global economic meltdown. Good luck and God bless! :)

hi everyone!

^^ See you tomorrow at the open night Rushy! :cheers: :cheers: :cheers:

So are there any updates from our BeauFort sales team? Just that there were lots of people (and many look wealthy) who attended the open night and hopefully the sales crew were able to sell quite a few units that evening. Btw there was a good write up on the BeauFort last Saturday (or was it Sunday) in Philippine Star. I tried looking for the article on line so that I can post it here but it's not showing up. Sayang...

So are there any updates from our BeauFort sales team? Just that there were lots of people (and many look wealthy) who attended the open night and hopefully the sales crew were able to sell quite a few units that evening. Btw there was a good write up on the BeauFort last Saturday (or was it Sunday) in Philippine Star. I tried looking for the article on line so that I can post it here but it's not showing up. Sayang...


did you end up getting one for yourself?
the 2br is nice right?

^^ Hehehe... hindi naman ako mukhang mayaman ano! Ikaw did you end up getting one? Nope I was actually not in the market this time, just browsing for some design ideas and showing support to Rushy and crew. Yup the 2 bedroom unit is indeed very nice though sayang nga since it's only the 3 bedroom units that actually face and have good views of Manila Golf / Manila Bay based on the orientation of the tower due to the lot shape. Anyway 3 bedrooms is overkill for a single person like me kanya di ko pa rin pagpapalit yung unit sa Fairways. Not only is it hard to give up those beautiful unobstructed views we have in FT, I'm also pretty happy with the size of the unit I have at this time. Just right for me. :cheers: :cheers: :cheers:

Flickr find [rahj_25]

http://farm4.static.flickr.com/3468/3366808037_c85c8e9858_o.jpg

http://farm4.static.flickr.com/3550/3367631918_840cf3fda0_o.jpg

all-glass ba 'to? baka maging 'the icon' din manyari dito in the end, wag naman sana.

this project is stunning, designwise, one of the best in bgc.

^^think as stunning as Pacific Plaza (well, same architect).. this is my one of the best designs IMO too...

I agree this could be one of the best looking projects in BGC when done based on what I've seen so far provided it ends up looking like the render and/or model. Infact the model in the BeauFort showroom shows two beautiful glassy buildings on a common podium much like the render. Both the rendering and the model has the BeauFort as being glassy so it is with sincere hope and anticipation that the final product will be just as glassy when it comes to fruition. If it so happens this project ends up being loyal to its render/model, this can be just as iconic as Pacific Plaza imho. It's that good!

all-glass ba 'to? baka maging 'the icon' din manyari dito in the end, wag naman sana.

this project is stunning, designwise, one of the best in bgc.

hehe simpleng hirit augustboy ha. maybe we should rename our bldg.

on topic- seems like a nice bldg.

im choosing between beaufort or nira diwa for a two bed room

which can you recomend and why? thanx

im choosing between beaufort or nira diwa for a two bed room

which can you recomend and why? thanx

I might be wrong but I think Nira Diwa is a hotel. I don't think its a condotel like F1 City Center or The Majestic.

That would make your decision easier. :)

http://i150.photobucket.com/albums/s120/dracoolet/con1.jpg

http://i150.photobucket.com/albums/s120/dracoolet/con2.jpg

http://i150.photobucket.com/albums/s120/dracoolet/con3.jpg

Bulk Excavation works was recently completed by IPM Construction last February 20. The Structural Works package was awarded last February 27,2009 to Monolith Construction Development Corp (MCDC) - a leading contractor committed to quality workmanship par excellence. MCDC is targetted to mobilize on-site by mid-May 2009 upon securing all necessary permits and clearances from Bonifacio Estate Services Corp (BESC).

^^ Thanks for the update. It looks like that this will still take a long time. At least there's progress.

I haven't seen any action in the BeauFort construction site for some time now. Very quiet - walang workers. On hold ba or just waiting for permits to resume work?

Its really like that. Usually it takes a long time to wait for permits.

Hey guys i would just like to invite you all to our event this May 28, 2009. Please PM me if you are interested. Thank you and hope to hear from you soon guys!

http://i150.photobucket.com/albums/s120/dracoolet/final.jpg

that's the best
render of this project
i've seen so far!

looks classy!

Your right these renderings really do make it look like an awesome project.We were very happy that we purchased some units here this week before we saw this. Now we are even happier.
Any one have any ideas what floor the podium is?

ta

I agree! I never was satisfied with the renderings and the image they used for the flyers and brochures they made. i found this rendering as the one closest to the real thing. I would post more soon :D

interested investors out there...PM me if this project interests you. Thanks :D

...just some picture updates as promised....

http://i150.photobucket.com/albums/s120/dracoolet/location.jpg

[ Here is the exact location of The Beaufort ]

http://i150.photobucket.com/albums/s120/dracoolet/Topview.jpg

[Top view of The Beaufort]

http://i150.photobucket.com/albums/s120/dracoolet/amenities.jpg

[A closer look :)]

http://i150.photobucket.com/albums/s120/dracoolet/side.jpg

[A little farther]

http://i150.photobucket.com/albums/s120/dracoolet/driveway.jpg

[Port Cochere]

http://i150.photobucket.com/albums/s120/dracoolet/pool.jpg

http://i150.photobucket.com/albums/s120/dracoolet/amenitydeck.jpg

[Amenity Floor]

http://i150.photobucket.com/albums/s120/dracoolet/infinitypool.jpg

[Infinity Pool]

http://i150.photobucket.com/albums/s120/dracoolet/jacuzzi.jpg

[Jacuzzi and Kiddie Pool]

http://i150.photobucket.com/albums/s120/dracoolet/hallways.jpg

[Hallways - the building is hotel inspired]

...here are some for now. Enjoy and be thrilled! :banana:

IMPRESSIVE!

here are the updates for the construction :)

http://i150.photobucket.com/albums/s120/dracoolet/BuildingPermit.jpg

The Building Permit

http://i150.photobucket.com/albums/s120/dracoolet/1.jpg

http://i150.photobucket.com/albums/s120/dracoolet/2.jpg

http://i150.photobucket.com/albums/s120/dracoolet/3.jpg

Excavation Period is 100% done. They already got the building Permit. Foundation for the tower-crane (Monolith) has started.

...it's on the move :banana:

wow! nice update sdbcarlo

cheers for the update. im pretty new to this but does that hole look pretty deep? just in comparison to teh two guys standing next to each other it sure looks deep to me.

ok

great update sdbcarlo

hi..can someone pm me about this project? want to check available units and prices..thanks.

the render looks great, hopefully they will stay true to it.

how big is the property lot?

it's 3,889 sqm...

thanks.
people tend to be very touchy about the word exclusivity and posh qualities of their condo.
i find it interesting that there is no distinction made whether leisure facilities are on ground/street level indicating a larger footprint or elevated as a result of a smaller property area.
interesting.
i like the idea of leisure facilities as in Fairways except in the event of some sort of structural fault in the future, having a pool on the top floor "could' have costly collateral damage.

ok

Hye guys,

took a last minute break to manila this weekend and managed to get a few sneaky pictures inside the beaufort model units for you all to take a look at.
We were very impressed with what was included in the finished unit price.
Units are modern and well planned.
The pictures will be up shortly when i get them posted online somewhere.
We also managed to get a few pictures in and around teh constuction site between fairways and pacific plaza.

Also found out that at this early stage of construction the build is 11 days ahead of schedule.

The Monolith crane is up at the BeauFort lot. Looks like construction will begin soon! :banana: :banana: :banana:

^^Tagal mo yatang nawala kuya Boe? :D

Anyway, bakit parang dalawang construction sites yung nasa picture? Yung sa left side yung Beaufort, ano yung sa kabila?

^^Tagal mo yatang nawala kuya Boe? :D

Anyway, bakit parang dalawang construction sites yung nasa picture? Yung sa left side yung Beaufort, ano yung sa kabila?

Fort Victoria if I'm not mistaken. 3-4 years later, puno na ng malalaking condos ang area na yan! exciting!!!

The BeauFort Video Presentation...

http://www.youtube.com/watch?v=9ZXk_pVaEAg

nice project!

how much ba ang /sqm here?

Fort Victoria if I'm not mistaken. 3-4 years later, puno na ng malalaking condos ang area na yan! exciting!!!

Ah, oo nga pala, Fort Victoria. Thanks :okay:

The Monolith crane is up at the BeauFort lot. Looks like construction will begin soon! :banana: :banana: :banana:

Guys, is it true the crane of this project fell and hit the ground floor of Fairways Tower? I smell a lawsuit here...

ok

thanks superboy for posting link of the video for me.

Currently we are at P117,000 per sqm. That is inclusive of vat already :)

opppps oo nga, sorry i wasn't able to post yung source ng video, my bad. hehe.

wow, pretty expensive already. but with the finish, i guess it's worth it naman.

Guys, is it true the crane of this project fell and hit the ground floor of Fairways Tower? I smell a lawsuit here...

I am not sure if it hit the Fairways Tower, I did notice today that the boom extension was bent and seemed to have fallen. I think they will have to certainly replace a few parts from what I see.

^^ The damn crane operator damaged the concrete dividing/retaining wall of Fairways while testing their equipment. Good that nobody got hurt and no structural damage to the Fairways building itself. The wall can and will be repaired according to our property management group. In fact Filinvest insurance reps have already been in contact with Fairways Management/Developer. Hopefully no more lawsuits needed to get the damage repaired.


Here's a pic of that dividing/retaining wall I'm talking about... Guess it's been repaired already as of 6/30 (when pic was taken)...

Pic taken Jun 30...
http://www.readyforoccupancy.com/Seibu-65.jpg

Tagal mo yatang nawala kuya Boe? :D

Anyway, bakit parang dalawang construction sites yung nasa picture? Yung sa left side yung Beaufort, ano yung sa kabila?

Hi Tyronne. Hope all is well with you! Just recently got back from my trip in Pinas eh. As for your question, based on the pics below one side of the street is BeauFort's and the other is Fort Victoria's.

PS: Galing ng Wimbeldon Finals ano!


http://i723.photobucket.com/albums/ww233/michael49/100_0466.jpg


http://i723.photobucket.com/albums/ww233/michael49/100_0467.jpg

Any updates on the BeauFort?


http://i530.photobucket.com/albums/dd350/RonnieR_2008/holidayJuly2009011.jpg

Any updates on the BeauFort?


...i would be posting pictures very soon. construction is really in full swing as also with the sales lately. i passed by their office a couple of weeks ago and they are nearing 45% sold for their west tower.

^^ Thanks in advance for your time and effort in continually keeping us updated with pics and info on the BeauFort sdbcarlo. It's very much appreciated! :) :) :)

high end condos like fairways, pacific plaza, and the soon-to-rise beaufort will define/characterize this side of 5th avenue :okay:


http://i228.photobucket.com/albums/ee156/aganagutom/DSC02263.jpg?t=1250000193

Filinvest to build P3-billion twin tower condo in Global City (http://www.philstar.com/Article.aspx?articleId=501986&publicationSubCategoryId=66)
By Zinnia B. Dela Peña (The Philippine Star (http://www.philstar.com/Article.aspx?articleId=501986&publicationSubCategoryId=66)) Updated September 04, 2009 12:00 AM

MANILA, Philippines - Filinvest Development Corp. (FDC), the investment holding firm of the Gotianun family, is putting up a P3-billion two-tower residential condominium building in the Bonifacio Global City, marking its first foray in the fastest-growing central business district in Metro Manila.

In a press briefing yesterday, Filinvest Land Inc. (FLI) president Joseph Yap said The Beaufort project will offer up to three-bedroom units priced at between P8.3 million and P18 million. The first tower, comprising 43 storeys, will make available a total of 145 units with each floor occupying just four units.

The first tower is now 30 percent sold and continues to attract prospective buyers due to a resurgent demand for premium residential space. In the planning stage is the second tower, which will have 42 floors.

Yap said The Beaufort, strategically located at the corner of 5th Avenue and 23rd Street, is one of the few remaining lots overlooking the Manila Golf course. Construction of the first tower began in the third quarter of 2008.

FDC has tapped New York-based Arquitectonica as architectural designer and Texeira Design Inc. as interior designer for The Beaufort.

Among Arquitectonica’s landmark projects are Walt Disney’s All Star Resorts in Florida, USA, the Dijon Performing Arts Center in France and the International Finance Center in Seoul, South Korea.

Yap said the Filinvest Group, through property arm FLI, is going full blast with the construction of ongoing and new residential projects to take advantage of a resurgent property demand.

FLI is currently developing La Vie Flats, a 22-storey residential condominium within the Filinvest Corporate City in Alabang; The Linear, a master-planned residential and commercial hub located in Makati targeting young urban professionals and Princeton Heights, a 47.8-hectare residential subdivision in Bacoor, Cavite.

It is also building more mid-rise building (MRB) communities in key urban areas in Metro Manila and other regional centers. In the offing is a Pacific Island-themed community which is expected to open in Sta. Mesa this year.

Tristan Las Marias, FLI vice-president for the Visayas and Mindanao, said the company expects to start construction of the first phase of its joint venture with the Cebu City government to develop a 40-hectare property at the South Road Properties, in the first quarter next year.

Las Marias said FLI also purchased 10.5 hectares of land within the SRP. The company is expected to shell out P25 billion for this project over a period of 20 to 25 years. The first phase will involve the construction of several clusters of MRBs and residential condominium units.

Yap said the company has developed more than 2,000 hectares of land and will continue its focus on its core housing business while simultaneously introducing new products.

He said FLI has a landbank of over 2,500 hectares, more than enough to sustain the development of projects and reach new markets.

Yap said FLI expects to register a 10 percent growth in sales this year given the robust take up of its projects as a result of renewed investor confidence in the property sector.

FLI is planning to issue up to P5 billion worth of three-year to five-year fixed-rate bonds to fund its capital requirements. The offering is slated to start in the middle of October with First Metro Investments Corp., BDO Capital and BPI Capital Corp. as lead underwriters.

is the showroom still there? anyone got pics of the model units? please post them since i have friends overseas who are interested in this project. i want to send them this link. thanks!

is the showroom still there? anyone got pics of the model units? please post them since i have friends overseas who are interested in this project. i want to send them this link. thanks!


im a realtor of Beaufort. Could you PM me your email so that i could send all the requirements to you? Thanks...

sent you a PM sdbcarlo

high end condos like fairways, pacific plaza, and the soon-to-rise beaufort will define/characterize this side of 5th avenue :okay:



Fort Victoria wants to make a difference...

any info on the loft units? where are they located? is there a 3br loft?

must admit this looks like a great project! this just might be the closest competitor for our project in the bgc in terms of 'luxury' :) quite an interesting read!

i'm just curious what they have in store for the east tower. and wondering why they launched the west tower first (assuming it's the higher end tower bec they have the 3brs facing the jaw-dropping view of manila golf there) and the east tower, later.

usually, developers' marketing strategy is to launch the better tower later so that when the entire project gets launched and there is market excitement, the "less luxurious" building gets sold out first and future sales overshadowing by the 'better' tower is less.

also, i think there is not much comparison between beaufort and 8 forbestown road simply because of the unit density of the floors. the west tower only has 4 units while 8 forbestown has 11 (?)! doesn't that say everything in terms of exclusivity and luxury?

are there still available units kindly pm me thanks

@vvillaver

Thank you for appreciating Filinvest's premiere project here at the BGC. Indeed The Beaufort is seen to be the closest competitor project in BGC to date, in terms of 'luxury,' to the ever-grand shangri la...as per your observation as well as our prospects and unit owners at that.

Well to address some of your concerns, the loft unit is already reserved for the Gotianuns :) so that means they would be transferring from their place in PPT to their very own residential condomium. The upper units are termed "Penthouse" units but are really like the rest of the flat units in terms of layout.

I really am not so sure as to the exact reason why they marketed the West Tower first, being the 'higher end' tower, and the East Tower being sold at a later date. But we were told that the layout or future plan for the East Tower would largely depend on the progress of the West Tower. That would mean that if the West Tower was successful in terms of sales...knowing that it has bigger cuts being only Four units to a floor, then i guess they would opt to follow that layout. On the other hand if it took quite a while, then i guess they could opt to make the cuts smaller and thus making it more salable and/ or appealing to investors who are hoping to get smaller units for them to rent out.

It all boils down to careful planning and strategy i presume. Though it also came to one of our discussions before that there could even be a possibility that the East Tower or the remaining units at the West Tower be turned into a condotel to host those who opted to look for other options other than shang ri la among the place to stay - Beaufort being 'hotel-inspired' as well. Though this idea is not 'official' okay :P

if you happen to pass by the Fort, do inform me. I would tour you around our show suite so that you could better appreciate the project as well :)

@dxbgunner - i sent you a pm. i would appreciate it if you could check it out :)

as for the following post...here is my loooooonnnngggg delayed promise :D sorry guys just got busy over the past few weeks....

enjoy the sight of scaffolding and metal wires :D
[photos taken sept.14, 2009]

http://i150.photobucket.com/albums/s120/dracoolet/IMG_1332.jpg

http://i150.photobucket.com/albums/s120/dracoolet/IMG_1333.jpg

http://i150.photobucket.com/albums/s120/dracoolet/IMG_1334.jpg

http://i150.photobucket.com/albums/s120/dracoolet/IMG_1335.jpg

http://i150.photobucket.com/albums/s120/dracoolet/IMG_1336.jpg

http://i150.photobucket.com/albums/s120/dracoolet/IMG_1337.jpg

http://i150.photobucket.com/albums/s120/dracoolet/IMG_1338.jpg

^^ Thanks for the BeauFort construction pics/update:

Filinvest's Twin-tower condo to rise in Bonifacio Global City
http://pinoybusiness.org/2009/09/03/twin-tower-condo-to-rise-in-bonifacio-global-city/

The Bonifacio Global City is one of the country’s fastest-growing central business districts, and adding more to its ever growing of investors is the Filinvest Development Corp. (FDC), who will put up a P3-billion twin-tower residential condominium building in the said CBD. FCD is the investment holding firm of the Gotianum family.

Filinvest Land Inc. (FLI) president Joseph Yap said they will build The Beaufort project which will offer up to three-bedroom units priced at P8.3 to P18 million per unit. The first tower, which will have 43 storeys, will have a total of 145 units, with each floor occupying just four units.

The Beaufort is strategically located at the corner of 5th Avenue and 23rd Street, and is one of the few remaining lots overlooking the Manila Golf course, said Yap. The first tower, which is already 30% sold and continues to attract prospective buyers, have began construction in the third quarter of 2008. The second tower, which is still in the planning stage, will have 42 floors.

New York-based Arquitectonica and Texeira Design Inc. have been tapped by FDC as architectural designer and interior designer respectively for The Beaufort. Walt Disney’s All Star Resorts in Florida, USA, the Dijon Performing Arts Center in France and the International Finance Center in Seoul, South Korea, are just some of the Arquitectonica’s landmark projects.




__________________________



Thanks for the scoop/update Rick! Sana nga! This is good and welcome news especially for Fairways Tower buyers and those investing in the BeauFort! Our BGC view won't be blocked (too much then by buildings)! WooHoo! :banana:



I heard that the lot beside the Singapore Embassy will be occupied by the Dutch Embassy...

http://www.readyforoccupancy.com/2009-109.JPG

http://www.readyforoccupancy.com/2009-108.JPG

sales for The Beaufort is fast catching up :) currently there are only 12 three bedroom units left. any takers :)

Looks great. Every building along 5th Avenue should be all glass clad! The next Ayala Avenue :D

it has been a while for this section. Just to give some updates, the Three Bedroom units are already sold-out! :) we're left with a number of 2 bedroom and 2 bedroom junior units.

i'll post the construction updates soon.

This is the next building we look forward into. Tall and glassy along millionaires row. You see more glass clad residential tower in the fort than either Makati or Ortigas.

Greetings guys! just want to inform you that there is one three bedroom unit that was re-opened. PM me if it interests you.

Go grab 'em while it's hot :)

last pictures was Sept. 09. Any latest update on this for 2010.

posting soon :) sorry for keeping you waiting....

posting soon :) sorry for keeping you waiting....

Hi! Any updates?

here are some construction updates. sorry for the low resolution as it was taken at night. i would be uploading the ones taken in the morning soon. i would have to resize them.

http://i150.photobucket.com/albums/s120/dracoolet/IMG_2172.jpg

http://i150.photobucket.com/albums/s120/dracoolet/IMG_2171.jpg

http://i150.photobucket.com/albums/s120/dracoolet/IMG_2176.jpg

...currently the West Tower is already on the 4th floor and the East Tower is done with the ground floor.

The East Tower would be launching very soon. Management informed us that it would still be 4 (FOUR) units to a floor but now there would be a One Bedroom unit :) . We are now accepting Letter of Intent for those who would be interested.

East Tower's contruction went on way before preselling?

East Tower's contruction went on way before preselling?

yes you got that one right :) the East and West towers are being constructed simultaneously. construction works are done 'till 10pm.

thanks for the info.

looks like Filinvest got the money to construct this without public investment.

i probably have observed the same thing. the construction went on despite the slow start of its sales way back 2008. They were different from some developers who rely mainly on the funds it could generate from its sales.

thanks for the info.

looks like Filinvest got the money to construct this without public investment.

i probably have observed the same thing. the construction went on despite the slow start of its sales way back 2008. They were different from some developers who rely mainly on the funds it could generate from its sales.





Filinvest issued P5-billion bonds in October 2009 composed of the P500 million due in 2012 and the P4.5 billion due in 2014. The next series will be composed of the additional P3 billion bonds due in 2015.


I guess part of these bonds will be used in Beaufort.

Filinvest is really impressive in delivering nice quality projects. The Beaufort, the first all glass cladded residential tower (in all 4 sides) in the Philippines? We look forward to their project too in Alabang.

:okay: :okay:

The BeauFort:

9ZXk_pVaEAg

SEC okays Filinvest's P3-B bond issue
ABS-CBN - Friday, February 5

MANILA, Philippines - The Securities and Exchange Commission (SEC) on Thursday approved Filinvest Land Inc.'s (FLI) P3-billion fixed-bond issuance, which the company had postponed indefinitely.

FLI earlier said it was deferring the bond offer as it plans to tap cheaper sources of funds, including its existing credit lines.

SEC director Justina Callangan said FLI would no longer need to seek approval if it decides to push through with the bond offer within the next 225 days. But after the given period, the company must submit an updated income report as well as changes in the planned bond offer.

Last December, FLI disclosed plans to raise P3 billion from the issuance of fixed-rate, 5-year bonds, which received the highest rating possible from Philippine Ratings Services Corp.

Offer proceeds would be used to finance the company's additional capital requirements for 2010 and 2011.

Filinvest Land is one of the real estate companies prequalified by the Bases Conversion Development Authority to bid of the 34-hectare Jusmag property in Fort Bonifacio, Taguig City.

Here are a few pictures i took from The Beaufort construction. It sure is taking strides despite being quiet about it.

They also have started to sell their East Tower which comprises (2) 1BR unit and (2) 3 BR unit. Much like the West Tower, there would only be FOUR units per floor.

PM me if you need a quotation or more information.

http://i150.photobucket.com/albums/s120/dracoolet/1-1.jpg

http://i150.photobucket.com/albums/s120/dracoolet/6.jpg

http://i150.photobucket.com/albums/s120/dracoolet/3-1.jpg

http://i150.photobucket.com/albums/s120/dracoolet/4.jpg

http://i150.photobucket.com/albums/s120/dracoolet/2-1.jpg

Teaser :)

this is a sample computation of a 54.68 one bedroom unit

http://i150.photobucket.com/albums/s120/dracoolet/1-2.jpg

That's Php 35, 428.27 per month for 42 months with a lumpsum of Php 236,188.44 per 7th month. Not bad for a 1BR unit having the luxury of a hotel inspired condominium with only four units to a floor.

why is it that the beaufort is still selling at less than php 140,000 per sqm when both ededas and teh park terraces are selling for php 150,000 per sqm.
I would have though that with beaforts 4 units per floor it would demand a higher cost duie to its exclusivity...

why is it that the beaufort is still selling at less than php 140,000 per sqm when both ededas and teh park terraces are selling for php 150,000 per sqm.
I would have though that with beaforts 4 units per floor it would demand a higher cost duie to its exclusivity...

the prices are the same with the prices of the units at the West Tower where units started roughly around Php 130K inclusive of vat, parking, aircon and other charges. the computation of the unit presented is only on the 8th floor and i believe you know that the higher the floor is the higher the price per sqm also goes.

it's one of the good things about The Beaufort also. aside from its marketing ploy, you would see that in spite the offer of its exclusivity and hotel-like living, it still offers unit owners and investors an affordable rate compared even to arthaland which is selling at Php 145k per sqm and the rest of the newly launched projects to date.

i've always thought that they were really clever with The Beaufort name. it is (or going to be, hopefully) a beaufitul tower (as we've seen in the renders) and it is in The Fort. ok, perhaps a tad bit carried away with capitalizing "F". But still, reminds me of those uberexpensive one-name condos in NYC.

Taken 24-Apr-10

hi everyone,

im selling my studio unit asap.
i really like it but i am leaving the country for good.
let me know if you're interested..
2110373

thanks so much.

pls call 2110373

please PM me the details and the price as well. hoping to hear from you soon.

i just recieved an email from my agent regarding the launch of teh west tower at serendra, it looks like the price per sqm is upwards of 160k php.
Do we think that teh beaufort will raise there prices accordingly?
does anyone know the current price per sqm?

i just recieved an email from my agent regarding the launch of teh west tower at serendra, it looks like the price per sqm is upwards of 160k php.
Do we think that teh beaufort will raise there prices accordingly?
does anyone know the current price per sqm?
i have a broader question to that of gnm's.
Since the age of all the condos in the Fort are all very young, are these price increases also pushing up the prices of existing condos or is the gap between say Icon, One Mckinley, Boni Ridge versus the latest Serendra West Tower widening and widening.
The answer really is: has anyone sold a flat lately

...to add up, the prices of the pre-selling condos lately are much much higher than the ones which already are RFO. It's even funnier to see why some investors pay cash for a pre-selling condo where they could already buy one which is already RFO and start to earn already.

i have a broader question to that of gnm's.
Since the age of all the condos in the Fort are all very young, are these price increases also pushing up the prices of existing condos or is the gap between say Icon, One Mckinley, Boni Ridge versus the latest Serendra West Tower widening and widening.
The answer really is: has anyone sold a flat lately

from how i see things its widening.... if Serendra already has 160/ sqm, One Mckinley would go from 110 - 130/ sqm at most. even new projects like bellagio wouldn't even go up to 150k per sqm.

So the conclusion is the market gap is widening between exisitng and about to be launched.


And all because pre-selling can be paid for using interest free amortisation with accompanying project risk versus buying completed condos RFO but cannot get a bank loan for the total price...

Our banks are useless..they are not there for US the depositors.

What more valuable use of the word SYNERGY than a company that has an interest in banking and real estate businesses.

Am thinking of getting a 1-bedroom unit here. Any thoughts? Am still deciding if its a good investment.

Am thinking of getting a 1-bedroom unit here. Any thoughts? Am still deciding if its a good investment.

i would actually recommend it maczilla. the finishings and what it promises to offer you and unit owners are very significant and one-of-a-kind. do you still have the sample computations i sent for you? if you are interested and would like to view the show suite, please do inform me so that i could prepare a new computation for you and tour you in the showsuite as well. i'll send you a pm.

June 10
http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1010318.jpg

August 11 (tower at the left)
http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1010659.jpg

Nice facade. All glass building. My favorite underconstruction at the Fort. Looking forward to its completion.

Nice facade. All glass building. My favorite underconstruction at the Fort. Looking forward to its completion.

Ditto. I'll add Arya Residences to that once it launches its round tower and Serendra's West Tower.

wish we had clearer update pics :)

Boycott Filinvest?

http://www.facebook.com/profile.php?id=100001615624074

Heard about that already before.. Unfair nga naman yan. But I think filinvest is not the only developer doing it. Anybody out there also have the same story with other developers? Share naman para aware mga tao. Thanks..:ohno:

well i believe those who had the courage to put that in the open are those from the PSG (Premiere Sales Group), the team behind the sales at this project. I have friends who would not be able to get their hard-earned commission from Filinvest bec. of the latter's conditions. I seem not to get the logic behind it, but i believe credit should be given were credit is due. No matter if you are still with the company or not anymore (for reasons like not meeting one's quota), one should still be entitled to that.

I think the policy's standard, at least for law firms. Most law firms forfeit a lawyer's receivable incentives upon resignation or separation from the firm.

Sad to read about this situation...
Did you sign a contract when you got employed by FILINVEST?

Is it in writing that if you leave the company you are still entitled to you commissions or Is it writing that if you leave the company you are no longer entitled to you commissions?

If are talking about millions is it worth it to try to take FILINVEST to court?
Do you have enough proof?

fast...

http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1020006.jpg
Oct. 13

This should be an outstanding building because of its curtain wall and high ceiling but then I never realized that it has some concrete block on its back just like McKinley tower. Nonetheless, this is a lot better than most concrete in the block.

originally posted by Ronnie
The building on left side
http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1020019.jpg

Front view?
http://www.filinvestpremiere.com.ph/img/beaufort/main_pic.jpg

This back view on this rendering seems glass cladded. Unless, the concrete side will also glass cladded.
http://farm4.static.flickr.com/3550/3367631918_840cf3fda0_o.jpg
http://i150.photobucket.com/albums/s120/dracoolet/final.jpg

Lets wait and see.

Thats where the elevators and emergency stairwells are. Yup, wait and see how filinvest will finish this lol.

Deleted...

i guess the issues were resolved already! good to hear that! agents should get their commissions! :banana:

i guess the issues were resolved already! good to hear that! agents should get their commissions! :banana:

they were entitled to something like 75% i guess. well they wouldn't get the whole thing but i guess that's good instead of nothing. at least they were able to reach into an amicable settlement even before it affects the sales and reputation of Filinvest as a whole. :cheers:

http://i909.photobucket.com/albums/ac293/condohomes/eastwest.jpg

The Beaufort is a 2-tower world-class condominium development rising atop a 6-level banking podium. The Beaufort embodies your desire for a living environment befitting your stature. With only 4 units to a floor, it fulfills an individual's need for space, symmetry, harmony and balance. It has designed first-class amenities and facilities as perfect venues for recreation, rejuvenation and relaxation.

It boasts of world-class building design and structure, with a breathtaking view of the Makati skyline and the Manila Golf Course among others. It is close to your essential daily destinations - from prime business and shopping venues, to premiere medical and learning institutions.

This is Filinvest's Flagship Class AAA masterpiece that will rise within the Fort Bonifacio Global City, considered to be the baby sister of the famous Pacific Plaza, for we have the same architects and designers of the Pacific Plaza.


AL ROQUE
Sales Manager
Email Address alroque.filinvest@yahoo.com
Mobile Phone Number 0063 919 768 4337
Website www.filinvestbeaufort.webs.com

http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1020327.jpg

Thanks for the update ronnie!

Thanks for the update ronnie!

Welcome maczilla

wow, you are indeed omnipresent!! kalat, este, nagkakalat ka talaga ng humors, este, rumors, eeeh, as basta, un na yon. keep it up

the ghost is haunting you. :lol:

i really dont like this design :(
not very creative this building

i really dont like this design :(
not very creative this building

Really? Maybe your a better designer than the architects of the world famous Arquitectonica.:ohno:

Any construction updates please.

Any updates? mukhang busy ang lahat sa christmas shopping ah. lol.

HI!

I just want to share the photos I received from my agent, actual view shots from unit 8D East building.


http://http://img291.imageshack.us/img291/3792/dsc0301e.jpg http://img18.imageshack.us/img18/2427/dsc0302aw.jpg http://img829.imageshack.us/img829/5950/dsc0303t.jpg http://img209.imageshack.us/img209/4310/dsc0306t.jpg http://img522.imageshack.us/img522/7820/dsc0307d.jpg http://img266.imageshack.us/img266/7738/eastd.jpg

http://img291.imageshack.us/g/dsc0301e.jpg/

Actual view shots from unit 8D east

http://img233.imageshack.us/img233/1518/dsc0301mg.jpg
http://img46.imageshack.us/img46/4589/dsc0302w.jpg
http://img543.imageshack.us/img543/6448/dsc0303g.jpg
http://img407.imageshack.us/img407/5779/dsc0306y.jpg
http://img529.imageshack.us/img529/6448/eastdy.jpg

construction is on the 36th floor :)

Wow, nice views. 36th on the East? probably that's for the west tower? since it seems almost done.

The 2nd to the last pic shows a construction site. Is that Arya Residences? Thanks La Petite!

One of the best projects at the Fort. How can you beat 4 units per floor? Congrats to the owners!

One of the best projects at the Fort. How can you beat 4 units per floor? Congrats to the owners!

Three units per floor... 2...1? Just messing around. :lol:

i think this is the Beaufort, right and center right, please re-post accordingly if it's not


taken by Viktor AQ (http://www.flickr.com/photos/vikaq/), hosted on flickr (http://www.flickr.com/)


i like the impact to the Taguig Skyline, and OT, but I actually like how the ICON twins turned out (in this shot anyway)

http://i2.photobucket.com/albums/y7/IsaganiZenze/viktoraqtaugig2.jpg
http://i2.photobucket.com/albums/y7/IsaganiZenze/viktoraqtaguig.jpg

taken by rmjimenez (http://www.flickr.com/photos/rmjimenez/), hosted on flickr.


ground view

http://i2.photobucket.com/albums/y7/IsaganiZenze/rmjimenez.jpg

^^Thanks IsaganiZenze. I've been waiting for exterior updates with this tower. Looks tall, probably over 150m. Can't wait for the installation of the high ceiling windows. Looks like they are on the 39th floor now, nearing topping out.

Icon turned out really nice! The BeauFort is nice too!

http://i301.photobucket.com/albums/nn71/ricsumabat/bgc/beaufort/P1304490.jpg
http://i301.photobucket.com/albums/nn71/ricsumabat/bgc/beaufort/P2054662.jpg
http://i301.photobucket.com/albums/nn71/ricsumabat/bgc/beaufort/P2054663.jpg
http://i301.photobucket.com/albums/nn71/ricsumabat/bgc/beaufort/P2054702.jpg

Nice ! construction is so fast , its already at the 40th floor.

Great pic updates from missionary! Another 500 footer building in the making. Probably one of the nicest residential underconstruction at the Fort.

Cool updates. I passed by this a few days ago. i saw that blue glass panels are already being readied at the ground floor podium level. it was hoisted already but dont know if its being installed na. i think its for the podium. its blue with thin silver aluminium vertical strips, color is similar to pacific plaza. unless color blind ako. lol.

Cool updates. I passed by this a few days ago. i saw that blue glass panels are already being readied at the ground floor podium level. it was hoisted already but dont know if its being installed na. i think its for the podium. its blue with thin silver aluminium vertical strips, color is similar to pacific plaza. unless color blind ako. lol.

Would appreciate new pictures and updates pls. Some panels are probably up by now. Thanks.

Just found out that the whole EastWest organisation will move here as their new corporate HQ, (EW=Filinvest=Gotianum)

wow BGC is so nice!!!!
How much is the hectare of this place??

http://webcamftp.aconex.com/sitecams/Net5_SiteCamera.jpg

April 16

http://farm6.static.flickr.com/5221/5629667042_9002445e37_z.jpg

http://farm6.static.flickr.com/5303/5629670708_bebb5c0467_z.jpg

What is the current rental rate in BGC? How about this project? Any idea on the potential rental per square meter?

I also appreciate if someone can give me idea on the occupancy rate in BGC.

Thanks guys.

What is the current rental rate in BGC? How about this project? Any idea on the potential rental per square meter?

I also appreciate if someone can give me idea on the occupancy rate in BGC.

Thanks guys.

There are a lot of units on the market for rent.
Soon the brokers will come in and say some fairytale numbers about the rental rates but the truth is it is difficult to rent out your unit today and it will get much more difficult with all the projects finishing soon.

There are a lot of units on the market for rent.
Soon the brokers will come in and say some fairytale numbers about the rental rates but the truth is it is difficult to rent out your unit today and it will get much more difficult with all the projects finishing soon.

I couldn't agree more .lol. This project is the best project in bgc with only 4 units per floor and the entire project will only have less than 1,000 units. The only thing that is bad about this project is if you are planning to rent out your condo unit, you will be competing with more than 20 condo buildings in bgc that got 1,300 units each. It will be hard to find a long term tenant specially if your eyesore neighbor(fort victoria) can rent their units 25 percent less than what you want.

The total number of units in The Beaufort is 274 only. There are 141 units in the West Tower while the East Tower has 133 units. Although it is true that there are a lot of new condos which are being developed and in the pipeline, as an investor, I'm still very positive and optimistic that there are still enough buyers and or tenants. The population in Philippines is growing and the economy is improving. Every time I travel back to Philippines, Singapore Airline is always full. It means that business activities in Manila is vibrant and there will be more expatriates that will relocate there. I have high hopes with Philippines that it will rise on the top alongside with its rich neighbors like Singapore, Malaysia, and Thailand.

The total number of units in The Beaufort is 274 only. There are 141 units in the West Tower while the East Tower has 133 units. Although it is true that there are a lot of new condos which are being developed and in the pipeline, as an investor, I'm still very positive and optimistic that there are still enough buyers and or tenants. The population in Philippines is growing and the economy is improving. Every time I travel back to Philippines, Singapore Airline is always full. It means that business activities in Manila is vibrant and there will be more expatriates that will relocate there. I have high hopes with Philippines that it will rise on the top alongside with its rich neighbors like Singapore, Malaysia, and Thailand.




Yes the entire population is on the rise but average Filipino can't actually afford to pay a high rent and expensive HOA fees. This developers needs to put townships and condo units outside metro manila since the entire philippines have more than 7,000 islands. Why not build a condo developments in the middle of tourist destinations like boracay,palawan,tagaytay,baguio,bohol and ilocos to attract more investors and foreign retirees, also it will showcase the philippines as a major tourist powerhouse and it will spread the wealth and jobs all over the archipelago. The idea of imperial manila is overrated and the improvement of the infrastructure shouldn't be concenteated on one area. This developers are flooding the realstate market in metro manila which will drag everythinf down once the correction happens. I think beafort is the beat condo luxury projecr in bgc because its wide distance from west valley fault(unlike one serendra) and it got the immaculate view of the manila golf course which arya residences will never have.=)

Yes the entire population is on the rise but average Filipino can't actually afford to pay a high rent and expensive HOA fees. This developers needs to put townships and condo units outside metro manila since the entire philippines have more than 7,000 islands. Why not build a condo developments in the middle of tourist destinations like boracay,palawan,tagaytay,baguio,bohol and ilocos to attract more investors and foreign retirees, also it will showcase the philippines as a major tourist powerhouse and it will spread the wealth and jobs all over the archipelago. The idea of imperial manila is overrated and the improvement of the infrastructure shouldn't be concenteated on one area. This developers are flooding the realstate market in metro manila which will drag everythinf down once the correction happens. I think beafort is the beat condo luxury projecr in bgc because its wide distance from west valley fault(unlike one serendra) and it got the immaculate view of the manila golf course which arya residences will never have.=)

^^
You cannot be serious with this statement. :nuts:

^^
You cannot be serious with this statement. :nuts:


Im dead serious about it. Why not develop boracay,palawan,bohol, etc. To attract more retirees from overseas who are loaded with cash? If they can build townships in metro manila, why not spread the development on other areas instead of flooding the metro manila market with condo units.lol if ayala can build high end malls in makati,why not build one in boracay where all the foreigners go? If megaworld can build a township near the west valley fault(mckinley hill) why not construct the same kind of development to palawan which is the only part of the country that doesnt have any fault lines. The reality is the developers are flooding the market and soon all this investors in metro manila will have a hard time finding tenants and buyers.=(

Yes the entire population is on the rise but average Filipino can't actually afford to pay a high rent and expensive HOA fees. This developers needs to put townships and condo units outside metro manila since the entire philippines have more than 7,000 islands. Why not build a condo developments in the middle of tourist destinations like boracay,palawan,tagaytay,baguio,bohol and ilocos to attract more investors and foreign retirees, also it will showcase the philippines as a major tourist powerhouse and it will spread the wealth and jobs all over the archipelago. The idea of imperial manila is overrated and the improvement of the infrastructure shouldn't be concenteated on one area. This developers are flooding the realstate market in metro manila which will drag everythinf down once the correction happens. I think beafort is the beat condo luxury projecr in bgc because its wide distance from west valley fault(unlike one serendra) and it got the immaculate view of the manila golf course which arya residences will never have.=)

^^
I've shortened it for you. My friend, I'm sure there are or will be residential developments around these tourist areas. Tagaytay and Baguio are examples. :okay:

They are condos already being sold in Baguio, tagaytay, boracay...

Please no more development in Bohol, Siquijor or all of Palawan. These are some of the most beautiful places in the world much less the Philippines. Tagaytay and Boracay are lost causes unfortunately.

Yeah just like what sm is doing in batangas... 12 undisturbed coves... Hope they stop with 3 coves (not all 12)

^^
I've shortened it for you. My friend, I'm sure there are or will be residential developments around these tourist areas. Tagaytay and Baguio are examples. :okay:



Yes there are some condos beind developed in these areas but mostly not from the big 3(rockwell,ayala,megaworld) which have a impecable experience on condo management. I do wish that they also move the presidential palace to the mansion in baguio so that it will look nicer compare to the surroundings of malacanang.

Yeah just like what sm is doing in batangas... 12 undisturbed coves... Hope they stop with 3 coves (not all 12)



Is hamilo coast a private island resort that is being developed by sm? Is it better than anvaya of ayalas?

you're not even buying a condo..the market realities for condo is different from that of those with buying houses and landed properties...what makes you think you will profit from a correction in the condo market?


Yes there are some condos beind developed in these areas but mostly not from the big 3(rockwell,ayala,megaworld) which have a impecable experience on condo management. I do wish that they also move the presidential palace to the mansion in baguio so that it will look nicer compare to the surroundings of malacanang.

[QUOTE=nelly2112;76528859]Please no more development in Bohol, Siquijor or all of Palawan. These are some of the most beautiful places in the world much less the Philippines. Tagaytay and Boracay are lost causes unfortunately.


Palawan rarely have typhoons and it doesnt have any faultlines. I think it looks way better than phuket thailand.=)

please stop providing info on this guy...he's useless


Is hamilo coast a private island resort that is being developed by sm? Is it better than anvaya of ayalas?

I never said that im not buying a condo in the philippines. Im just saying its risky to invest because the realstate market in manila is flooded right now. After the price of condos hits the rock bottom during the market correction, thats the time that I will get a condo for end use and rental units.

you're not even buying a condo..the market realities for condo is different from that of those with buying houses and landed properties...what makes you think you will profit from a correction in the condo market?

please stop providing info on this guy...he's useless



Why are you angry? Im just asking a question? Is that illegal on a place like ssc forum?

I may disagree with some of ChenelynForbesPark predictions or opinion but its all in good fun talking about the future of the real estate market in the Philippines. No need to be aggressive even if some people think he is arrogant. Its just a simple discussion.

Yes there will be a market correction. But the question is when will this occur and how bad of a correction. So many factors to consider. Everybody has their own game plan that is catered to their own life situation.

More opinions posted the better prepared we will be.

I may disagree with some of ChenelynForbesPark predictions or opinion but its all in good fun talking about the future of the real estate market in the Philippines. No need to be aggressive even if some people think he is arrogant. Its just a simple discussion.

Yes there will be a market correction. But the question is when will this occur and how bad of a correction. So many factors to consider. Everybody has their own game plan that is catered to their own life situation.

More opinions posted the better prepared we will be.


I totally agree with you bud. Happy easter.=)

I may disagree with some of ChenelynForbesPark predictions or opinion but its all in good fun talking about the future of the real estate market in the Philippines. No need to be aggressive even if some people think he is arrogant. Its just a simple discussion.

More opinions posted the better prepared we will be.

I agree that the issues of current price levels, esp. of some of the pre-selling projects, their underlying value and how prices will trend in the future given the additional supply coming down the line are very worthy of discussion on this type of forum.

However, issues of market pricing and trends would be better served on a separate thread or section. There are significant & beneficial regular updates on the Metro Manila condo market (CBRE, Jones Lang La Salle etc) that we could place or link to there.

I'm more of a lurker on this forum than a participant, but my frustration with ChenelynForbesPark is not that he thinks condo prices will go down in value (they might do or might not - everyone is entitled to their opinion), nor that he seems a bit of a fantacist (everyone has dreams and is entitled to), nor that he states many things as fact when they are factually incorrect.

Rather, my issue is that he posts the same macro viewpoint on multiple threads about specific projects. That appears to be trolling behaviour to me.

throw in baguio to the lost cause, too overpopulated and no regulation whatsoever

view of mountains becoming view of shanties on mountains

agree on this...

I agree that the issues of current price levels, esp. of some of the pre-selling projects, their underlying value and how prices will trend in the future given the additional supply coming down the line are very worthy of discussion on this type of forum.

However, issues of market pricing and trends would be better served on a separate thread or section. There are significant & beneficial regular updates on the Metro Manila condo market (CBRE, Jones Lang La Salle etc) that we could place or link to there.

I'm more of a lurker on this forum than a participant, but my frustration with ChenelynForbesPark is not that he thinks condo prices will go down in value (they might do or might not - everyone is entitled to their opinion), nor that he seems a bit of a fantacist (everyone has dreams and is entitled to), nor that he states many things as fact when they are factually incorrect.

Rather, my issue is that he posts the same macro viewpoint on multiple threads about specific projects. That appears to be trolling behaviour to me.

Lol im not posting my opinion on every thread on this forum so it is unfair for you to make false statements against me. Secondly which fact that I said you think is incorrect?if you dont like my opinion then thats fine with me but dont dare to insinuate that I am spreading lies. I am not mad, I am just explaining my side.=)

I agree that the issues of current price levels, esp. of some of the pre-selling projects, their underlying value and how prices will trend in the future given the additional supply coming down the line are very worthy of discussion on this type of forum.

However, issues of market pricing and trends would be better served on a separate thread or section. There are significant & beneficial regular updates on the Metro Manila condo market (CBRE, Jones Lang La Salle etc) that we could place or link to there.

I'm more of a lurker on this forum than a participant, but my frustration with ChenelynForbesPark is not that he thinks condo prices will go down in value (they might do or might not - everyone is entitled to their opinion), nor that he seems a bit of a fantacist (everyone has dreams and is entitled to), nor that he states many things as fact when they are factually incorrect.

Rather, my issue is that he posts the same macro viewpoint on multiple threads about specific projects. That appears to be trolling behaviour to me.

Lol im not posting my opinion on every thread on this forum so it is unfair for you to make false statements against me. Secondly which fact that I said you think is incorrect?if you dont like my opinion then thats fine with me but dont dare to insinuate that I am spreading lies. I am not mad, I am just explaining my side.=)

Let's stick to the facts, shall we? I said that you were posting the "same macro viewpoint on multiple threads" - I didn't comment that you were posting on every thread .

As for what is factually incorrect? I wouldn't know where to start. On the one hand, it's the reference to the number of additional condo units to be supplied through to 2016 which is over-inflated and, on the other, something as ridiculous as attributing the sharper price falls in Florida and Nevada to other US markets as being due to hurricanes and earthquakes.

I think you need some :cheers: and to chill-out :) ..... listen a bit more and don't feel the need to state the same viewpoint over and over again in multiple threads. You simply lose credibility in doing so.

Let's stick to the facts, shall we? I said that you were posting the "same macro viewpoint on multiple threads" - I didn't comment that you were posting on every thread .

As for what is factually incorrect? I wouldn't know where to start. On the one hand, it's the reference to the number of additional condo units to be supplied through to 2016 which is over-inflated and, on the other, something as ridiculous as attributing the sharper price falls in Florida and Nevada to other US markets as being due to hurricanes and earthquakes.

I think you need some :cheers: and to chill-out :) ..... listen a bit more and don't feel the need to state the same viewpoint over and over again in multiple threads. You simply lose credibility in doing so.



Well its not my fault that the same people are following me on every thread that I go to which are more likely some pissed of realtors. I said that the nevada and florida realstate market was flooded and one of the contributing factors why people had a hard time selling their house is because of its bad location, loke florida being on the hurricane path and nevada for earthquake prone location. I am not the one who is inflating the facts here but the developers who are doing price increase every month despite of oversupply on condo units in the metro.lol
If you checked out the current press release from all the developers on their website megaworl alone is planning to launch 18,000 units this year, add the condo units thats gonna come from ayala,smdc,rlc,century,vista land,xcell properties,fil invest,kuok properties,nsjb,cityland,dmci etc the estimate will reach 100,000 new condos that will be part of the market until 2016.
I am not angry. Im just explaining my side.

Then we have uzzybaby, now... Interesting.

If you checked out the current press release from all the developers on their website megaworl alone is planning to launch 18,000 units this year, add the condo units thats gonna come from ayala,smdc,rlc,century,vista land,xcell properties,fil invest,kuok properties,nsjb,cityland,dmci etc the estimate will reach 100,000 new condos that will be part of the market until 2016.
I am not angry. Im just explaining my side.

On your contribution to the St Regis thread (below) you mention 500k+ units flooding the market by 2016. Bit different from the 100k figure you've quoted above.

By 2016 its gonna be 500,000+ condo units flooding the market and that will surely drag everything down because of tough competition on unloading your condo unit or findinf a person who can afford the rent.

I never said that im not buying a condo in the philippines. Im just saying its risky to invest because the realstate market in manila is flooded right now. After the price of condos hits the rock bottom during the market correction, thats the time that I will get a condo for end use and rental units.

You know ChenelynFobesPark your outlook on life is very gloomy. Life is a gamble, business is a gamble. You have to sometimes take a risk in life. Your going to wait till the property hits rock bottom? How long will that be 10-15 years? What if it never hits rock bottom? My parents told me in the 1970's a unit in Singapore was only $420,000 now that same unit is nearly $3,000,000,000. My point is this, no one can predict the future and opportunity does not wait for no one.

On your contribution to the St Regis thread (below) you mention 500k+ units flooding the market by 2016. Bit different from the 100k figure you've quoted above.



Lol im just saying that there could be 500,000+ new condos in the market by 2016 if all the developers continue to deliver 100,000+ new condos a year. I encourage you to read the current press release on every developer's website to see how these developers are braging about the amount of condo units that they can deliver a year instead of making false accusations.

You have a great day =)

Then we have uzzybaby, now... Interesting.


Is she your current girlfriend?

You know ChenelynFobesPark your outlook on life is very gloomy. Life is a gamble, business is a gamble. You have to sometimes take a risk in life. Your going to wait till the property hits rock bottom? How long will that be 10-15 years? What if it never hits rock bottom? My parents told me in the 1970's a unit in Singapore was only $420,000 now that same unit is nearly $3,000,000,000. My point is this, no one can predict the future and opportunity does not wait for no one.



Yes nobody can predict the future but comparing philippines to singapore is just false assumptions like trying to compare orange and apples. The singapore have a very effective government structure that knows how to follow the rule of law unlile the philippines that every authority figure is corrupt from ordinary traffic police officer to the office of the president.

I hope you have a great day =)

Yes nobody can predict the future but comparing philippines to singapore is just false assumptions like trying to compare orange and apples. The singapore have a very effective government structure that knows how to follow the rule of law unlile the philippines that every authority figure is corrupt from ordinary traffic police officer to the office of the president.

I hope you have a great day =)

Actually you can compare Philippines and Singapore because in the 1970's Phillipines was actually economically superior to Singapore. Singapore in those days, was trailing behind philippines. But, you completely didn't get my point. Singapore was just my example that prices of properties can go unbelievably high especially in areas with limited land like singapore and the phils.

Thanks. but its night time here so I wish you a goodnite. Peace:)

Lol im just saying that there could be 500,000+ new condos in the market by 2016 if all the developers continue to deliver 100,000+ new condos a year. I encourage you to read the current press release on every developer's website to see how these developers are braging about the amount of condo units that they can deliver a year instead of making false accusations.



Developers aren't delivering 100,000+ new condos each year. There are no false accusations - I don't need to make accusations, whether false or otherwise, about you as you've done a good enough job of destroying your credibility through inane post after inane post.

Developers aren't delivering 100,000+ new condos each year. There are no false accusations - I don't need to make accusations, whether false or otherwise, about you as you've done a good enough job of destroying your credibility through inane post after inane post.


Yes they are.lol there is condos being build left and right.oversupply is on its way to make its presence be felt with vengeance. Have you read the articles on every developer's website so that you have an idea of how they are trying to flood the market by outnumbering the amount of condo units that they can deliver against each developer's competitors?lol

Maybe late 70s or early 80s we were offered Ayala alabang and corintian garden lots for about p750 - p1000/sqm... Now they are 25k and 45k respectively.

Point is if you hold on to property that long, historically you will always win.
If you are the end user of these condos and intend to hold on for a long time then no need to worry.

As far as buying for investment. It is a calculated risk. I'm sure lots of people will be smart before diving in.

Actually you can compare Philippines and Singapore because in the 1970's Phillipines was actually economically superior to Singapore. Singapore in those days, was trailing behind philippines. But, you completely didn't get my point. Singapore was just my example that prices of properties can go unbelievably high especially in areas with limited land like singapore and the phils.

Thanks. but its night time here so I wish you a goodnite. Peace:)


Yes the prices can go astronomically high like Singapore but it can also experience sharp value depreciation like what happened to US. I am just saying that the property values in Singapore appreciated because they have a government the knows how to follow the rule of law by protecting the rights of their citizens and foreign investors which by the way the philippines is lacking.


Have a great night as well.

Maybe late 70s or early 80s we were offered Ayala alabang and corintian garden lots for about p750 - p1000/sqm... Now they are 25k and 45k respectively.

Point is if you hold on to property that long, historically you will always win.
If you are the end user of these condos and intend to hold on for a long time then no need to worry.

As far as buying for investment. It is a calculated risk. I'm sure lots of people will be smart before diving in.


I do agree with you about saying that buying investment have its risk to consider. However,freehold land always have a high appreciation rate compare to condos which you only have rights for the building and amenities. I wouldnt be surprise if some of these developer's condos will end up looking like makati cinema square apartments 3 decades from now.lol

Maybe late 70s or early 80s we were offered Ayala alabang and corintian garden lots for about p750 - p1000/sqm... Now they are 25k and 45k respectively.

Point is if you hold on to property that long, historically you will always win.
If you are the end user of these condos and intend to hold on for a long time then no need to worry.

As far as buying for investment. It is a calculated risk. I'm sure lots of people will be smart before diving in.

I completely agree with you. At least someone got what I was saying:)

Yes they are.lol there is condos being build left and right.oversupply is on its way to make its presence be felt with vengeance. Have you read the articles on every developer's website so that you have an idea of how they are trying to flood the market by outnumbering the amount of condo units that they can deliver against each developer's competitors?lol

No, but I read the research briefings from CBRE, Colliers, Jones Lang LaSalle and so on. There is, without doubt, a risk of over-supply (rental void periods have increased y-o-y, albeit only slightly) but the supply is considerably lower than 100,000 units per year.

No, but I read the research briefings from CBRE, Colliers, Jones Lang LaSalle and so on. There is, without doubt, a risk of over-supply (rental void periods have increased y-o-y, albeit only slightly) but the supply is considerably lower than 100,000 units per year.

This firms are paid to say good thing about the country. Like cbre that manages smdc condos and they need to protect their own interest by doing damage control. Lets say you are right that it is lower than 100,000 units, but it wont change the fact that the current investors are gonna compete with thousands of new condo units a year to find long term tenants and buyers since newly delivered units attracts potential investors more than the unit that is few year old.

Is this project sold out? Can someone pls provide updates? Project seems to be very promising. There are a lot of condos available for sale or rent but i think there is always a market for high end buyers and renters. Of the 1300 condo units mentioned earlier, how many are high end? Probably very few. Can somebody please post new pics? Looks like this will top off soon.

Is this project sold out? Can someone pls provide updates? Project seems to be very promising. There are a lot of condos available for sale or rent but i think there is always a market for high end buyers and renters. Of the 1300 condo units mentioned earlier, how many are high end? Probably very few. Can somebody please post new pics? Looks like this will top off soon.

you have raised a good point, if you look at the research colliers international there may be an over supply of studio and 1 bedroom units but very few luxury 3 bedroom units for the expatraite market. Apparently they are in demand.

I think its topped off. passed by this a few days ago and they've begun installing the glass cladding. the whole podium is almost covered now.

Maybe late 70s or early 80s we were offered Ayala alabang and corintian garden lots for about p750 - p1000/sqm... Now they are 25k and 45k respectively.



After the skyway completion, Ayala Alabang is now 35-40K/sqm

I have to agree with Chenelyn. I'm surprised at how many condos are being built and will be built. Calculate how many units will be available, multiply by the overpriced per square meter. That's how much investment capital they're expecting. That's a very optimistic economic outlook.

There is no doubt real estate prices in BGC will go up. It will go up because land is limited. It's just a matter of when. While it is true there will be an oversupply of units coming, but they will eventually run out of land. There are natural boundaries in BGC that will limit its expansion. The cemetary on the south, golf course on the west, C-5 on the east, schools on the northeast. Any units beyond 32nd street, or at least 34th street, will be too far from the center which won't command prime rate. When land runs out, demand will catch up with supply and prices of units will start to go up. The question is not whether it's a good buy or not, the question is WHEN is the right time to buy. I expect an oversupply of units over the next 5 to 10 years. Why would anyone rent an old unit when there's thousands begging for tenants? Rental prices will drop. I wouldn't go on a buying frenzy right now. Buy only if the location is absolutley prime (Serendra, and the condos next to the golf course). Aside from these, expect rent prices to drop dramatically as thousands of units are being dump on the market each year and devalue older units. That is also a good time to hunt for bargains.

I will use Trion Tower project as an example. Trion Tower one is almost sold out. The tenants will have to endure dust and construction noise over the next 4 years while Tower two is being built. After tower two is built, why would anyone rent on a 4 year old unit tower one when tower two is brand new? The tenants on both tower have to deal with the dust and construction noise of tower three in the meantime. After that is completed, why would anyone rent on an 8 year old tower one when there's thousands of new units next door? The tenants on tower one had to endure with the dust and construction noise over the next 8 years AND compete for tenants next door with newer units.

As an investment, there are better investment vehicles out there.

I have to agree with Chenelyn. I'm surprised at how many condos are being built and will be built. Calculate how many units will be available, multiply by the overpriced per square meter. That's how much investment capital they're expecting. That's a very optimistic economic outlook.

There is no doubt real estate prices in BGC will go up. It will go up because land is limited. It's just a matter of when. While it is true there will be an oversupply of units coming, but they will eventually run out of land. There are natural boundaries in BGC that will limit its expansion. The cemetary on the south, golf course on the west, C-5 on the east, schools on the northeast. Any units beyond 32nd street, or at least 34th street, will be too far from the center which won't command prime rate. When land runs out, demand will catch up with supply and prices of units will start to go up. The question is not whether it's a good buy or not, the question is WHEN is the right time to buy. I expect an oversupply of units over the next 5 to 10 years. Why would anyone rent an old unit when there's thousands begging for tenants? Rental prices will drop. I wouldn't go on a buying frenzy right now. Buy only if the location is absolutley prime (Serendra, and the condos next to the golf course). Aside from these, expect rent prices to drop dramatically as thousands of units are being dump on the market each year and devalue older units. That is also a good time to hunt for bargains.

I will use Trion Tower project as an example. Trion Tower one is almost sold out. The tenants will have to endure dust and construction noise over the next 4 years while Tower two is being built. After tower two is built, why would anyone rent on a 4 year old unit tower one when tower two is brand new? The tenants on both tower have to deal with the dust and construction noise of tower three in the meantime. After that is completed, why would anyone rent on an 8 year old tower one when there's thousands of new units next door? The tenants on tower one had to endure with the dust and construction noise over the next 8 years AND compete for tenants next door with newer units.

As an investment, there are better investment vehicles out there.

Great post, this is obviously the truth

That one block alone, all 3 Trion tower will supply 2100+ units on the market. A couple of blocks to the east is Serendra Two with 3 new towers of their own. That's 4,500 to 5,000 units in that 2 blocks.

It's the buying frenzy from speculators who are creating the bubble and driving the prices up. It will eventually burst and that's when you will see them dump their units. Keep in mind, you have to keep paying the dues and tax even when there's no one renting. The cost adds up. Some will hold on and endure the loss while some will dump theirs on the market and move on.

That one block alone, all 3 Trion tower will supply 2100+ units on the market. A couple of blocks to the east is Serendra Two with 3 new towers of their own. That's 4,500 to 5,000 units in that 2 blocks.

It's the buying frenzy from speculators who are creating the bubble and driving the prices up. It will eventually burst and that's when you will see them dump their units. Keep in mind, you have to keep paying the dues and tax even when there's no one renting. The cost adds up. Some will hold on and endure the loss while some will dump theirs on the market and move on.

Finally! Someone who sees the real estate market in the Phils the way I do! I was really bullish on the market in the Philippines as some on here who know me are aware. But that changed. The developers just keep building and building. I don't blame them cause they're trying to cash in.

Btw, there are 4 serendra 2 towers to be built not 3.

So we have also: 2 serendra 1 towers, 3 trion towers (tower 3 unlikely to be built), 2 Arya towers(tower 2 is a go?), Beaufort, 8 Forbestown, 2 or 3 fort Victoria, there are probably others I'm forgetting. But these will all cause downward pressure on prices and rental rates. The Bellagio towers alone are causing a bit of downward pressure already.

Oh and I received an inventory list for 2 serendra and Meranti is just over 50% sold. That's pretty good but there are 500 some odd units.

Finally! Someone who sees the real estate market in the Phils the way I do! I was really bullish on the market in the Philippines as some on here who know me are aware. But that changed. The developers just keep building and building. I don't blame them cause they're trying to cash in.

Btw, there are 4 serendra 2 towers to be built not 3.

So we have also: 2 serendra 1 towers, 3 trion towers (tower 3 unlikely to be built), 2 Arya towers(tower 2 is a go?), Beaufort, 8 Forbestown, 2 or 3 fort Victoria, there are probably others I'm forgetting. But these will all cause downward pressure on prices and rental rates. The Bellagio towers alone are causing a bit of downward pressure already.

Oh and I received an inventory list for 2 serendra and Meranti is just over 50% sold. That's pretty good but there are 500 some odd units.

You forgot 2 Towers of Icon Residences and the Avant Condo. Then there's One Uptown by Megaworld in North Boni and the residences of both Grand Hyatt and Shangrila.

I look at the rental rates of the condos in Bellagio and it commands almost Php750-1k/sqm for a fully furnished unit. That's pretty good. I don't know where you get the prices for downward pressure of Bellagio.

In the end, there might be other determinants of price. In a lessor's market, lessees will always look for the following:

1. location
2. property management
3. access to public transportation
4. proximity to bistros and groceries
5. View
6. Quality of furnishings in the unit
7. Amenities

So one will judge value of the rent not by virtue of supply and demand alone but other determinants that affect price/rent.

There's a person on SSC renting out a bellagio 43sqm unit for 19k a month. There is a guy selling a 70 sqm unit at 5.9M on a resale site. Resale prices are the true determinant of value not the developers. As an analogy the developers do the IPO. That's it.

On the flipside I really like all these condos coming up because it really is making metro Manila a lot prettier and modern. Most of these are good looking projects. They're just too many of them.

SMDC isn't even in the picture yet, im sure SM will cash in on Fort Bonifacio. They need to liven up the commercial side, make it a bit of a corporate center. But the residential component of the Fort has jacked up the land prices that it may not make much business sense for companies to move to the Fort when other CBDs and PEZAs are offering theirs for a much cheaper rate.

For sure. SMDC has South Bonifacio right? You know they'll overpopulate it with their towers that have 20sqm units. Lol

I don't even know why people think renting out condos is a good investment. If you deduct the dues, property tax, broker's fee, maintenance and repair, degradation of your furnishing, the downtime waiting in-between tenants, and cleaning it up everytime they move out, you'll be lucky to get 6% annual return. That is pitiful considering how much capital you've spent. At that rate, you're better off investing in bonds and time deposit where it's literally zero effort. Megaworld just sold dollar bonds last month rated AAA with 6.75% return. Imagine 5 years from now when there will be too many units and too little tenants that will drive prices down. The 6% annual return you're expecting today could drop to 4%.

I've always advice people to buy condos only if they're going to live in it. The developers are the ones making money selling condos. The ones making good money in the secondary market are veterans who buys foreclose units, renovated it and flip them as soon as possible.

I look at the rental rates of the condos in Bellagio and it commands almost Php750-1k/sqm for a fully furnished unit. That's pretty good. I don't know where you get the prices for downward pressure of Bellagio.


Just because people put those prices in the ads doesn't mean that people pay that much.

Around 10-25% bargaining on the printed prices is standard.

There's a person on SSC renting out a bellagio 43sqm unit for 19k a month. There is a guy selling a 70 sqm unit at 5.9M on a resale site. Resale prices are the true determinant of value not the developers. As an analogy the developers do the IPO. That's it.

On the flipside I really like all these condos coming up because it really is making metro Manila a lot prettier and modern. Most of these are good looking projects. They're just too many of them.


See that ALL the time in Singapore.

Once you enquire about it -- its either gone or they have had a 'bigger offer' from someone else....just BS.

I'd be wary on believing the prices advertised....

There's a person on SSC renting out a bellagio 43sqm unit for 19k a month. There is a guy selling a 70 sqm unit at 5.9M on a resale site. Resale prices are the true determinant of value not the developers. As an analogy the developers do the IPO. That's it.

On the flipside I really like all these condos coming up because it really is making metro Manila a lot prettier and modern. Most of these are good looking projects. They're just too many of them.


See that ALL the time in Singapore.

Once you enquire about it -- its either gone or they have had a 'bigger offer' from someone else....just BS.

I'd be wary on believing the prices advertised....I now only ever use an agent to search for real prices.

Very unlikely that you can get a rental at Php19k in Bellagio. Don't believe if an ad is too good to be true.

Very unlikely that you can get a rental at Php19k in Bellagio. Don't believe if an ad is too good to be true.

i think there is one earlier post whereby a forummer is renting (after re-price) his place for around that price because his agent told him that it is the going rate. (bellagio thread 3 post 281)

Very unlikely that you can get a rental at Php19k in Bellagio. Don't believe if an ad is too good to be true.

Go look at the Bellagio thread.

An ad also says that you can get a studio in icon residences at only 15k per month.

While I don't discount that may be true, it is not representative of the sample of rentals in the Fort. It is not advisable to base a trend based on one or two lessors IMHO.

In our building alone, the lessors are asking for Php800-1k for a fully furnished unit. And Im not basing it on an outlier but a random sampling of unit owners.

We have to get at least 30 units to make a study that is at least statistically significant. The ones that are the most authoritative right now are colliers jardine and they have hundreds of units in their sample.

Sure. One or two isn't indicative yet but this is possibly the start of a downward trend. One or two becomes three or four. And it keeps growing.

You forgot to mention that it's very common for tenants to default on their payments and walk out on a lease. Another problem that a damage deposit only partly covers.

I don't even know why people think renting out condos is a good investment. If you deduct the dues, property tax, broker's fee, maintenance and repair, degradation of your furnishing, the downtime waiting in-between tenants, and cleaning it up everytime they move out, you'll be lucky to get 6% annual return. That is pitiful considering how much capital you've spent. At that rate, you're better off investing in bonds and time deposit where it's literally zero effort. Megaworld just sold dollar bonds last month rated AAA with 6.75% return. Imagine 5 years from now when there will be too many units and too little tenants that will drive prices down. The 6% annual return you're expecting today could drop to 4%.

I've always advice people to buy condos only if they're going to live in it. The developers are the ones making money selling condos. The ones making good money in the secondary market are veterans who buys foreclose units, renovated it and flip them as soon as possible.

Someone who started renting out their BGC condo in 2006 or 2007, even with all the deductions you stated has already made a killing. Plus, you forgot the appreciation in value of the condo unit (probably close to being double by now). So for them it works.

Your points are good. Sometimes people just jump into things without doing their homework. Buying condo for an investment is not a bad idea. Just ask those people who owns 5 to 10 condos right now. For sure there will be a correction the only question would be is when? Will be have 5 more years of price increase before if corrects?

Its another way to diversify their investments. Maybe they already have too much assets tied into the stock market.


I don't even know why people think renting out condos is a good investment. If you deduct the dues, property tax, broker's fee, maintenance and repair, degradation of your furnishing, the downtime waiting in-between tenants, and cleaning it up everytime they move out, you'll be lucky to get 6% annual return. That is pitiful considering how much capital you've spent. At that rate, you're better off investing in bonds and time deposit where it's literally zero effort. Megaworld just sold dollar bonds last month rated AAA with 6.75% return. Imagine 5 years from now when there will be too many units and too little tenants that will drive prices down. The 6% annual return you're expecting today could drop to 4%.

I've always advice people to buy condos only if they're going to live in it. The developers are the ones making money selling condos. The ones making good money in the secondary market are veterans who buys foreclose units, renovated it and flip them as soon as possible.

I'd have to disagree with you. Owning 5-10 condos is scary and ultra risky right now. I was saying a price correction in 5 years too. It could happen sooner though. These corrections are not obvious at first. They are a slow building thing.

What drives me nuts is that there are posters who don't see it. They think prices will just go up forever. Apparently the laws of supply and demand don't apply to the Philippines.

I understand a lot of them are agents though.

You're right if you got in early you did great.


Someone who started renting out their BGC condo in 2006 or 2007, even with all the deductions you stated has already made a killing. Plus, you forgot the appreciation in value of the condo unit (probably close to being double by now). So for them it works.

Your points are good. Sometimes people just jump into things without doing their homework. Buying condo for an investment is not a bad idea. Just ask those people who owns 5 to 10 condos right now. For sure there will be a correction the only question would be is when? Will be have 5 more years of price increase before if corrects?

Its another way to diversify their investments. Maybe they already have too much assets tied into the stock market.