Filinvest Devt to boost
banking unit's capital
CORPORATE STRATEGY CALLS FOR UPGRADE INTO UNIBANK

By Honey Madrilejos-Reyes
Reporter

GOTIANUN-LED Filinvest Development Corp. is placing P1 billion of fresh
equity into East West Banking Corp. for a boost capital that will
enable the bank to upgrade itself from a commercial to a universal bank.

East West Bank's capital amounts to P2 billion. At present, it has more
than 80 branches.

Chief financial officer and treasurer Nelson Bona said the equity would
partly come from proceeds Filinvest Development expects to raise from
a planned follow-on shares offer. Another source is a Tier-2 financing.

"Our strategy is to beef up our operations and grow our consumer
banking business toward becoming a universal bank," he said in an interview.

Filinvest Development is also allotting an initial P4.5 billion for a
couple of real-estate projects in upscale Bonifacio Global City and
Central Philippines' business and leisure hub Mactan, Cebu.

The company is building the two-tower The Global City Residential
starting in the fourth quarter. Bona said they expect an estimated P2.9
billion in sales from the project. The Seascapes Resort Town in Mactan,
meanwhile, will contribute P7.4 billion in sales once it is completed.

Filinvest Development also bared plans of putting up an ethanol plant
in Davao next year to take advantage of an emerging biofuels industry.

In another interview, president Josephine Gotianun-Yap said they would
be allotting P600 million to P800 million to fund the plant, which will
have a capacity of 60,000 to 100,000 liters of ethanol per day. It is
up for completion in 2009.

"We expect it to be cost-efficient because we will be using the
molasses produced by our sugar milling as feedstock for the ethanol plant,"
she said.

Funding will also come from proceeds of the follow-on offering set
either before the end of the year or early 2008.

"We are just waiting for the market to be receptive before we make the
final schedule and structure for the offering," she added.

The company is selling up to 3.5 billion primary and secondary shares
with an option to offer and issue convertible bonds.

Filinvest Development shares closed at P5.70 apiece on the stock
exchange Friday. If the company was to sell the shares at the present price,
it could raise a potential capital of P20 billion.

"The corporation is currently evaluating its options regarding any
potential fundraising activity, including the timing of such fundraising
and the feasibility of the bond flotation," Gotianun said.

On September 7, the company's shareholders approved in a special
meeting the proposed equity fundraising as well as the acquisition, via a
share swap, of Pacific Sugar Holdings Corp.

Filinvest Development bought the sugar- manufacturing facility of ALG
Holdings Corp., which is also a member of the Gotianun group.

In exchange ALG Holdings will receive 1.55 billion Filinvest
Development shares worth P15.5 billion at P10 per share. This was based on the
valuation conducted by independent financial advisor Manabat Sanagustin
and Co.

The acquisition marked Filinvest Development's initial foray into the
sugar industry. According to the company, Pacific Sugar is a good
vehicle to enter into the business and ride on its growth potential not only
in the food segment but also in raw material for fuel.

Pacific Sugar owns the Cotabato Sugar Central Co. Inc., Davao Sugar
Central Co. Inc. and High Yield Sugar Farms Inc.

Filinvest group’s profits rise

FILINVEST Development Corp. (FDC) said on Friday that its first-quarter profit grew by tenfold owing to extraordinary gains.

In a statement, the holding company of the Gotianun family’s business interests, said net income jumped 952 percent to P1.6 billion from P150 million in the same period last year.

Josephine Gotianun-Yap, Filinvest president, said the company enjoyed a net extraordinary gain of P1.1 billion from the sale by unit Filinvest Alabang, Inc. (FAI) of its shares in another unit, Filinvest Land, Inc. (FLI) last February.

“But even without this extraordinary gain, net income from regular operations still jumped by a remarkable 213 percent to P470 million,” she added.

The real-estate sales of lots, condos and club shares by its affiliate companies—FLI and FAI increased by 61 percent.

Net real estate revenues surged from P762 million to P2.8 billion, the executive said.

Gotianun-Yap attributed the growth to the subsidiaries’ increased market reach made possible by product innovation, wider geographic reach, and product diversification.

For this year, FDC is fast tracking development in Seascapes Resort Town in Mactan Island, Cebu. The project is a 12-hectare residential resort community that offers a 2.5-hectare beach club, fully furnished casitas, villas, condos and premium lots.

FDC will launch this year a project in Fort Bonifacio. Located at one of the last remaining lots facing Manila Golf along the most prestigious row of the Fort, the project will have 2 towers that cater to the higher end of the condo market.

“FDC remains confident about its prospects in 2007. The last five years were focused on building financial strength among subsidiaries by improving bottom lines, increasing cash flow generation and carefully managing financial leverage,” the company said.



Filinvest to launch Taguig condo in Q4
Business World
http://www.bworldonline.com/BW091007/content.php?id=044

FILINVEST DEVELOPMENT Corp., the listed holding firm of the Filinvest group of companies, will launch a new residential project at Fort Bonifacio in the fourth quarter, officials said Friday.

Filinvest President and Chief Executive Officer Josephine G. Yap told reporters the company will build a two-tower high rise condominium project at Bonifacio Global City in Taguig.

While there is still no master plan and name for the project, the company said the estimated sales value is P2.9 billion.

Nelson M. Bona, chief financial officer, said the development cost for the project will be between P1.5 billion to P2 billion, some of which will come from more than P30 billion pesos in money to be raised by the company for capital expenditures.

Filinvest plans to do a follow-on offering of up to 3.5 billion shares within the year or early next year. Convertible bonds may also be issued along with the share offering, the company said.

The bulk of the proceeds from the capital call will be used for the company’s real estate arm, which is still the group’s core business, Mr. Bona said.

Meanwhile, Filinvest plans to convert subsidiary East West Bank into a universal bank that can operate as an investment house, he said.

East West Bank, which has 76 branches nationwide, is a commercial bank with a capitalization of P2 billion. A universal bank requires capitalization of P4.95 billion.

Additional capital infusion in East West Bank will also come from the planned share offering, Mr. Bona said.

Filinvest’s banking and financial services account for 25% of its revenue mix, along with 18% in leasing, 45% in real estate developments, and 12% in manufacturing, which will come from the recent acquisition of Pacific Sugar Holdings Corp.


This FLI project will be at that lot beside Fairways Tower...

http://img87.imageshack.us/img87/3264/bgcsingaporechancery002hj6.jpg

http://img504.imageshack.us/img504/3205/bgccl0.jpg
..

The Global City Residences sounds better than The Global City Residential but then again too many projects have "Residences" in their names already. Hehe :)

^^ i agree... "residential" sounds more like an adjective than a noun... maybe it's not yet the official name of the project

^^ I agree with Lauren. I don't think "The Global City Residential" is the actual/official name of this project; rather, most probably just identifying the project being in Global City. Wrong grammar naman kasi eh di ba! :lol:

It just sounds so wrong!!! :hilarious

Filinvest Dev't, East West Bank to develop condominium in Taguig

Filinvest Development Corp. (FDC), the holding firm of the Gotianun family, and subsidiary East West Bank have entered into an agreement to jointly develop a two-tower residential condominium in Fort Bonifacio Global City in Taguig City.

In a disclosure to the stock exchange, Filinvest said the project will sit on a 3,889-sqm lot it owns.

FDC said the two parties will infuse project contributions in the form of cash, property and technical expertise.

The company, however, did not specify the cost of the joint development.

^^ 3,889 square meter lot... Ilan ang FAR nung lot na yun? Malamang same FAR as Fairways, ilan ba FAR ng Fairways lot?

^^ I agree with Lauren. I don't think "The Global City Residential" is the actual/official name of this project; rather, most probably just identifying the project being in Global City. Wrong grammar naman kasi eh di ba! :lol:

Yes the "Residential" at the end of the name sounds wrong and weird. :lol: For the mean time lets just used that name for this thread until new updates is release by Filinvest about the project.:)

3,889 square meter lot... Ilan ang FAR nung lot na yun? Malamang same FAR as Fairways, ilan ba FAR ng Fairways lot? ^^ Don't know the actual FAR of the lots in that area but eyeballing the lot size of Fairways visavis FLI's, I would think FLI's twin tower will be higher than Fairways' 30 floors but less than 35 floors perhaps.

It is within Bonifacio South with FAR 8 and 12

The others are:

City Center FAR 12 and 15
E-Square FAR 8 to 12
Bonifacio Triangle FAR 6

http://i29.photobucket.com/albums/c277/patok/FBGC/bonisouth.jpg

TAIPAN Andrew Gotianun is building not one as earlier reported but two residential towers in The Fort in the vacant lot between the Pacific Plaza Towers and the nearly-complete Fairways Tower of the Concepcions.

According to the grapevine, the commercial offices and shops will be limited to the seven-floor podium that will link the twin towers, with Gotianun’s EastWest Bank taking up the podium’s premiere space.

No less than the Miami-based Arquitectonica architectural and interior firm has been hired to design the billionaire’s most ambitious residential condo project so far.

Arquitectonica itself is no stranger to the Philippine scene, having previously designed Pacific Plaza Towers, The Podium, and the humongous Mall of Asia.

According to the grapevine, the still unnamed twin towers will have entry-level units with sizes ranging from 36-40 square-meter studios up to three-bedroom, 156-sqm corner units.

A number of lofts are also planned, with floor areas of 130 sqm each.

Pricing is yet to be finalized, but it should hover in the P100,000-sqm vicinity, considering its location, target market, and Manila Golf and Makati skyline views.

The Manila Golf-side tower will have fewer and bigger units, 152, while the west-side tower facing The Fort’s commercial complex will have 231 condos. Both towers stand 43 levels, considerably shorter than neighboring Pacific Plaza Towers’ 52-story highs.

Groundbreaking, according to the grapevine, has been slated in late January, after the holiday rush.

* Cocktales

TAIPAN Andrew Gotianun is building not one as earlier reported but two residential towers in The Fort in the vacant lot between the Pacific Plaza Towers and the nearly-complete Fairways Tower of the Concepcions.

According to the grapevine, the commercial offices and shops will be limited to the seven-floor podium that will link the twin towers, with Gotianun’s EastWest Bank taking up the podium’s premiere space.

No less than the Miami-based Arquitectonica architectural and interior firm has been hired to design the billionaire’s most ambitious residential condo project so far.

Arquitectonica itself is no stranger to the Philippine scene, having previously designed Pacific Plaza Towers, The Podium, and the humongous Mall of Asia.

According to the grapevine, the still unnamed twin towers will have entry-level units with sizes ranging from 36-40 square-meter studios up to three-bedroom, 156-sqm corner units.

A number of lofts are also planned, with floor areas of 130 sqm each.

Pricing is yet to be finalized, but it should hover in the P100,000-sqm vicinity, considering its location, target market, and Manila Golf and Makati skyline views.

The Manila Golf-side tower will have fewer and bigger units, 152, while the west-side tower facing The Fort’s commercial complex will have 231 condos. Both towers stand 43 levels, considerably shorter than neighboring Pacific Plaza Towers’ 52-story highs.

Groundbreaking, according to the grapevine, has been slated in late January, after the holiday rush.

* Cocktales

^^Iba po ba yan dito sa project na to?

Is this the same as http://www.skyscrapercity.com/showthread.php?t=522539




.

^^ Same project po...
Looks like Fairways Tower and Pacific Plaza will soon be having a next door neighbor...

TAIPAN Andrew Gotianun is building not one as earlier reported but two residential towers in The Fort in the vacant lot between the Pacific Plaza Towers and the nearly-complete Fairways Tower of the Concepcions.

According to the grapevine, the commercial offices and shops will be limited to the seven-floor podium that will link the twin towers, with Gotianun’s EastWest Bank taking up the podium’s premiere space.

No less than the Miami-based Arquitectonica architectural and interior firm has been hired to design the billionaire’s most ambitious residential condo project so far. Arquitectonica itself is no stranger to the Philippine scene, having previously designed Pacific Plaza Towers, The Podium, and the humongous Mall of Asia.

According to the grapevine, the still unnamed twin towers will have entry-level units with sizes ranging from 36-40 square-meter studios up to three-bedroom, 156-sqm corner units.

A number of lofts are also planned, with floor areas of 130 sqm each.

Pricing is yet to be finalized, but it should hover in the P100,000-sqm vicinity, considering its location, target market, and Manila Golf and Makati skyline views.

The Manila Golf-side tower will have fewer and bigger units, 152, while the west-side tower facing The Fort’s commercial complex will have 231 condos. Both towers stand 43 levels, considerably shorter than neighboring Pacific Plaza Towers’ 52-story highs.

Groundbreaking, according to the grapevine, has been slated in late January, after the holiday rush.

* Cocktales



http://img504.imageshack.us/img504/3205/bgccl0.jpg

Wow 7 floors of commercial space! Exciting! :okay: :okay:

TAIPAN Andrew Gotianun is building not one as earlier reported but two residential towers in The Fort in the vacant lot between the Pacific Plaza Towers and the nearly-complete Fairways Tower of the Concepcions.

According to the grapevine, the commercial offices and shops will be limited to the seven-floor podium that will link the twin towers, with Gotianun’s EastWest Bank taking up the podium’s premiere space.

No less than the Miami-based Arquitectonica architectural and interior firm has been hired to design the billionaire’s most ambitious residential condo project so far.

* Cocktales

TAIPAN Andrew Gotianun is building not one as earlier reported but two residential towers in The Fort in the vacant lot between the Pacific Plaza Towers and the nearly-complete Fairways Tower of the Concepcions.

According to the grapevine, the commercial offices and shops will be limited to the seven-floor podium that will link the twin towers, with Gotianun’s EastWest Bank taking up the podium’s premiere space.

No less than the Miami-based Arquitectonica architectural and interior firm has been hired to design the billionaire’s most ambitious residential condo project so far.

Arquitectonica itself is no stranger to the Philippine scene, having previously designed Pacific Plaza Towers, The Podium, and the humongous Mall of Asia.

According to the grapevine, the still unnamed twin towers will have entry-level units with sizes ranging from 36-40 square-meter studios up to three-bedroom, 156-sqm corner units.

A number of lofts are also planned, with floor areas of 130 sqm each.

Pricing is yet to be finalized, but it should hover in the P100,000-sqm vicinity, considering its location, target market, and Manila Golf and Makati skyline views.

The Manila Golf-side tower will have fewer and bigger units, 152, while the west-side tower facing The Fort’s commercial complex will have 231 condos. Both towers stand 43 levels, considerably shorter than neighboring Pacific Plaza Towers’ 52-story highs.

Groundbreaking, according to the grapevine, has been slated in late January, after the holiday rush.

* Cocktales

Arquitectonica!!! :banana::cucumber: :carrot: :banana2:

that lot from what I remember is quite narrow, its partially hidden in the picture above; its certainly a welcome addition to the Fort but I can't help but wonder why they don't put this project at Filinvest Corporate City, perhaps this will spur growth on a greater scale down south, after all they are the owners and developers of FCC

hmmm great news especially that arquitectonica is doing the design. that means it would look great. i figure this project is different from the previous renderings that was posted named victoria tower or something?

This is very good news indeed!

hmmm great news especially that arquitectonica is doing the design. that means it would look great. i figure this project is different from the previous renderings that was posted named victoria tower or something?


Yup different project. This FLI project will be at that lot beside Fairways Tower as shown in the pic below...
http://img87.imageshack.us/img87/3264/bgcsingaporechancery002hj6.jpg



While San Jose Builder's Victoria Tower is on this other lot (across Pacific Plaza) pictured below...
http://www.triontowers.com/northwest.jpg

so.. after this is built there will be three twin towers adjacent to each other on that side of Manila Golf.. This one.. Pacific Plaza.. and Icon... plus another possible twin towers in the Megaworld area where the STI building is...

This should be merged with the other Filinvest project in the fort thread, pareho lang ito nakakalito.

And they should really get a better name,you can't get more generic than this.

^^ Merged it already. I decided to stick with the "Filinvest Twin Towers" name for the thread because it describes the project better.

that lot from what I remember is quite narrow, its partially hidden in the picture above; its certainly a welcome addition to the Fort but I can't help but wonder why they don't put this project at Filinvest Corporate City, perhaps this will spur growth on a greater scale down south, after all they are the owners and developers of FCC

Maybe , they are reserving their best for FCC in the future . They do have the four tower mixed-used complex Entrata in FCC . But , BGC is booming nowadays and since Filinvest owns a lot on it , its wiser to develop it and reap on the proceeds to bankroll their next projects.

so Entrata is a filinvest development, anyway makes sense after all Filinvest was the developer of PBCom Tower in makati if I'm not mistaken

[QUOTE=3cr;15793624]Yup different project. This FLI project will be at that lot beside Fairways Tower as shown in the pic below...
While San Jose Builder's Victoria Tower is on this other lot (across Pacific Plaza) pictured below...

thanks for the clarification....lots of developments!

hiring arquitectonica is a great move for this project. i must and will expect one hell of a design.:bow:

Pacific Plaza Towers by Arquitectonica ............. :okay:

Filinvest Twin Towers by Arquitectonica ........... :okay:

Fort Victoria................................................ :? :lol:

i still believe na di na tuloy ang fort victoria (so far) since inalis na nila sa website nila hehe. ala na eh. makadalaw nga sa show room ng victoria towers ng makapag-imbestiga sa mga sales people dun hahaha. halata bang ayaw ko talaga ng fort victoria sa lot na yun. ganda kasi ng pocket na yun ng BGC, masisira ng Fort Victoria. IMO, of course.

palagay ko tuloy pa rin. meron ako kausap from fort victoria, ire-release daw info today, friday. hinihintay ko nga. all-loft. 65k per sqm. in effect, unit owners will benefit from this, affordable na, millionaires row pa. :)

ganda kasi ng pocket na yun ng BGC, masisira ng Fort Victoria. IMO, of course.

how about other projects in the area? any info on the
Singapore chancery? meron ba rendering?

palagay ko tuloy pa rin. meron ako kausap from fort victoria, ire-release daw info today, friday. hinihintay ko nga. all-loft. 65k per sqm. in effect, unit owners will benefit from this, affordable na, millionaires row pa. :)

in that case, balitaan mo kami hehe. magandang investment din ito since sobrang ganda ng loc at affordable.

ren-de-ring! ren-de-ring!

^^Me too excited na rin! As far as I know Filinvest will be launching this project soon, sometime around year's end or just after the New Year. Looking forward to the release of the renderings of this Arquitectonica designed building project!

Filinvest, EastWest Bank to develop BGC condo units jointly

FILINVEST Development Corp. (FDC) told the Philippine Stock Exchange on Tuesday that it signed an accord with its banking unit for a joint development project in Fort Bonifacio, Taguig City.

In a disclosure, FDC said the agreement with EastWest Banking Corp. called for the development of the two-tower condominium Global City Residential project in the parent company’s 3,889-square-meter lot in Fort Bonifacio.

Under the agreement, the parent and its banking unit would jointly develop by contributing cash, property and technical expertise, FDC said.

Earlier, Josephine Yap, FDC president, told reporters the project would start next year and would cost between P1.5 billion and P2 billion. It has an estimated sales value of about P2.9 billion.

In a telephone interview, Nelson M. Bona, FDC chief financial officer, said that part of EastWest Bank’s operations in PBCom Tower, which is a joint development of Filinvest Asia Corp. and Philippine Bank of Communications, would be transferred to the Fort Bonifacio development once it is finished.

TAIPAN Andrew Gotianun is building not one as earlier reported but two residential towers in The Fort in the vacant lot between the Pacific Plaza Towers and the nearly-complete Fairways Tower of the Concepcions.

According to the grapevine, the commercial offices and shops will be limited to the seven-floor podium that will link the twin towers, with Gotianun’s EastWest Bank taking up the podium’s premiere space.

No less than the Miami-based Arquitectonica architectural and interior firm has been hired to design the billionaire’s most ambitious residential condo project so far.

Arquitectonica itself is no stranger to the Philippine scene, having previously designed Pacific Plaza Towers, The Podium, and the humongous Mall of Asia.

According to the grapevine, the still unnamed twin towers will have entry-level units with sizes ranging from 36-40 square-meter studios up to three-bedroom, 156-sqm corner units.

A number of lofts are also planned, with floor areas of 130 sqm each.

Pricing is yet to be finalized, but it should hover in the P100,000-sqm vicinity, considering its location, target market, and Manila Golf and Makati skyline views.

The Manila Golf-side tower will have fewer and bigger units, 152, while the west-side tower facing The Fort’s commercial complex will have 231 condos. Both towers stand 43 levels, considerably shorter than neighboring Pacific Plaza Towers’ 52-story highs.

Groundbreaking, according to the grapevine, has been slated in late January, after the holiday rush.

* Cocktales


Very nice job Fil-Invest is doing as of late! Me like it! How about the Fil-Invest project in Fort Bonifacio, any renderings on that project yet? Thanks!
renderings will be posted before the end of this month:) some minor revisions on the exterior but 95% of what you see in the sketch up rendering will be there:)

^^Thanks for the heads up Frank! I'm impressed with the designs Fil-Invest have been coming up lately. Really looking forward to your posting of the renderings of the BGC project sometime in the end of the month! Lapit na to! :banana: :banana: :banana:

No rendering yet for this project?

tagal nga eh...kakainip :D

i just wish that architectonica would consider the immediate surroundings in their design para naman mag-complement with its neighbors yung design.

Pacific Plaza Towers by Arquitectonica ............. :okay:

Filinvest Twin Towers by Arquitectonica ........... :okay:

Fort Victoria................................................ :? :lol:

i still believe na di na tuloy ang fort victoria (so far) since inalis na nila sa website nila hehe. ala na eh. makadalaw nga sa show room ng victoria towers ng makapag-imbestiga sa mga sales people dun hahaha. halata bang ayaw ko talaga ng fort victoria sa lot na yun. ganda kasi ng pocket na yun ng BGC, masisira ng Fort Victoria. IMO, of course.


Don't be too critical yet of NSJ builders perhaps they will surprise you with their product.


palagay ko tuloy pa rin. meron ako kausap from fort victoria, ire-release daw info today, friday. hinihintay ko nga. all-loft. 65k per sqm. in effect, unit owners will benefit from this, affordable na, millionaires row pa. :)

bibebenta na ulit yung fort victoria bgc. i guess they got the lot.



I've been reading the papers and New San Jose's project is being advertised for 3 days na and I might say that they added changes to the project. It looks gorgeous na.

I know that this project can be a success. Magandang addition to BGC. Hope someone can scan the rendering in Inquirer and Star of Fort Victoria.

^^ I agree San Jose Builder's Fort Victoria project in BGC has been redesigned for the better and nicely takes advantage of the huge and very prime lot which fronts 5th Avenue too. Checked out the website and was pleasantly surprised with the offering. Should compliment the FilInvest project well. Mukhang they've read the previous bashing they got here in SSCF and took it to heart. I think Fort Victoria will not be an eye-sore like previously thought but a very good addition to the growing list of BGC projects. San Jose Builders might just really surprise us with this Fort Victoria @ BGC project. For those who may be interested, the website has been reactivated: http://www.thefortvictoria.com/. Excited to see the actual project rendering for this and the FilInvest project as well! Sana nga they end-up blending well with the neighboring buildings/surroundings. :)

tagal nga eh...kakainip :D

i just wish that architectonica would consider the immediate surroundings in their design para naman mag-complement with its neighbors yung design.

^^ Ako din (naiinip na)! Excited to see it na! Hopefully Frank Gerry will post it soon. :)

Francis,
Regarding your inquiry, it will be a yet unnamed FilInvest twin tower project (designed by Arquitectonica) on the Left of Fairways Tower and Robinison's high-end St.Regis twin tower project on the Right of it. Hope this helps! :)


Side by side Pacific Plaza, Fairways Tower, Regent, Essensas and 5th Ave Place.
I wonder who will flank the two sides of FT in the future.
http://im1.shutterfly.com/procserv/47b7cc37b3127cceb252388d584c00000026100AZN2bJkzZOGPg

The Morning View
http://im1.shutterfly.com/procserv/47b7cc34b3127cceb1a3d674610400000026100AZN2bJkzZOGPg

The Afternoon View
http://im1.shutterfly.com/procserv/47b7cc37b3127cceb252138818c400000026100AZN2bJkzZOGPg




Filinvest group investing P22b in ’08
Manila Standard
http://www.manilastandardtoday.com/?page=business5_dec18_2007

Filinvest group of the Gotianun family has allocated P22 billion for capital expenditure in 2008, primarily to finance the expansion of its real estate, banking and sugar milling businesses.

Filinvest Development Corp. president and chief executive Josephine Gotianun Yap told reporters following the company’s 25th listing anniversary that the company would allot P16 billion for capital expenditure and another P6 billion for its real estate unit, Filinvest Land Inc.

Yap said the company’s internally generated funds and peso borrowings would finance the allotted amount.

“We have little debt in our books right now. So we may consider peso-denominated debt next year,” Yap said.

The company also plans to push through with its follow-on offering.

“If the market is receptive, then we may push through with the share offering next year,” Yap said. FDC’s board of directors earlier approved an equity fund raising of up to 3.5 billion common shares, through primary and secondary offerings, with an option to offer and issue convertible bonds to the public.

The company has tapped UBS as its international underwriter for the follow-on offering.

Filinvest Development, in a prospectus earlier filed with the Securities and Exchange Commission, said the proceeds from the planned follow-on offering would expand the sugar mill and install refinery and ethanol plant. Yap said the company is now getting quotations to determine the project cost of the proposed ethanol plant.

The company plans to increase the capitalization of its banking unit East West Banking Corp., possibly through acquisitions of another bank.
“We continue to look for opportunities but there are no negotiations yet,” Yap said.

The company will also use a portion of the proceeds to finance the construction of two real estate projects in Mactan and Fort Bonifacio and other potential investments. The Mactan, Cebu project involves a 12-hectare residential resort community while the Fort Bonifacio development provides the construction of a residential condominium.

The company participated in the bidding for the government’s 60 percent stake in PNOC-Energy Development Corp., last month. However, the Lopez-owned First Gen Corp, with its offer of P58.5 billion, outbid its P48.52-billion bid.



________________________________





TAIPAN Andrew Gotianun is building not one as earlier reported but two residential towers in The Fort in the vacant lot (approx. 3,889 sqm) between the Pacific Plaza Towers and the nearly-complete Fairways Tower of the Concepcions.

According to the grapevine, the commercial offices and shops will be limited to the seven-floor podium that will link the twin towers, with Gotianun’s EastWest Bank taking up the podium’s premiere space.

No less than the Miami-based Arquitectonica architectural and interior firm has been hired to design the billionaire’s most ambitious residential condo project so far.

Arquitectonica itself is no stranger to the Philippine scene, having previously designed Pacific Plaza Towers, The Podium, and the humongous Mall of Asia.

According to the grapevine, the still unnamed twin towers will have entry-level units with sizes ranging from 36-40 square-meter studios up to three-bedroom, 156-sqm corner units.

A number of lofts are also planned, with floor areas of 130 sqm each.

Pricing is yet to be finalized, but it should hover in the P100,000-sqm vicinity, considering its location, target market, and Manila Golf and Makati skyline views.

The Manila Golf-side tower will have fewer and bigger units, 152, while the west-side tower facing The Fort’s commercial complex will have 231 condos. Both towers stand 43 levels, considerably shorter than neighboring Pacific Plaza Towers’ 52-story highs.

Groundbreaking, according to the grapevine, has been slated in late January, after the holiday rush.

ahh...so twin towers ulit. this will be as nice as Pacific Plaza then! baka me butas sa gitna. hehe...salamat kuya boe.

with the little space between fairways and pacific plaza... kakasya ba ng twin towers dun?

kasya cguro sya pag nakatagilid... it will possibly be facing fort victoria...

^^ Definitely. Just look at SoMa.

They don't have to be both facing the Manila Golf anyway, the other one can be at the back, facing BGC.

^^ Definitely. Just look at SoMa.

They don't have to be both facing the Manila Golf anyway, the other one can be at the back, facing BGC.

i remember my agent saying that there will be no building to rise in between FT and PP. buti nlng di ako kumuha ng unit facing PP and manila golf.

palagay ko tuloy pa rin. meron ako kausap from fort victoria, ire-release daw info today, friday. hinihintay ko nga. all-loft. 65k per sqm. in effect, unit owners will benefit from this, affordable na, millionaires row pa. :)

Guten morgen from Wiesbaden, Germany...planning to buy two units in Fort Victoria, in fact reservation fees had been wired to New San Jose Builders, Inc. So hard to ignore, good price per square meters compared to other neighboring towers. Meron ba kayong feedback if this is actually a go? She (agent) told me ground breaking was done 5 December 2007 and possible move in is mid 2011.

Thanks

we already have a thread for FV. kindly check na lang sa directory.

^^ I agree San Jose Builder's Fort Victoria project in BGC has been redesigned for the better and nicely takes advantage of the huge and very prime lot which fronts 5th Avenue too. Checked out the website and was pleasantly surprised with the offering. Should compliment the FilInvest project well. Mukhang they've read the previous bashing they got here in SSCF and took it to heart. I think Fort Victoria will not be an eye-sore like previously thought but a very good addition to the growing list of BGC projects. San Jose Builders might just really surprise us with this Fort Victoria @ BGC project. For those who may be interested, the website has been reactivated: http://www.thefortvictoria.com/. Excited to see the actual project rendering for this and the FilInvest project as well! Sana nga they end-up blending well with the neighboring buildings/surroundings. :)

Ka Atenista - Guten morgen from Wiesbaden, Germany...planning to buy two units in Fort Victoria, in fact reservation fees had been wired to New San Jose Builders, Inc. I agree with you, so hard to ignore, good price per square meter compared to other neighboring towers. Meron ba kayong feedback if this is actually a go? I had been constantly in touch with NSJB agent and she told me ground breaking was done 5 December 2007 and possible move maybe on mid 2011. But being overseas (US Department of Defense) for last 4years (and U.S. last 24 years) since 2005 starting from Korea, Italy, now Germany kinda been out of touch with PI. Just wanted to hear few comments from an unbiased source. Thanks

Ka Atenista - Guten morgen from Wiesbaden, Germany...planning to buy two units in Fort Victoria, in fact reservation fees had been wired to New San Jose Builders, Inc. I agree with you, so hard to ignore, good price per square meter compared to other neighboring towers. Meron ba kayong feedback if this is actually a go? I had been constantly in touch with NSJB agent and she told me ground breaking was done 5 December 2007 and possible move maybe on mid 2011. But being overseas (US Department of Defense) for last 4years (and U.S. last 24 years) since 2005 starting from Korea, Italy, now Germany kinda been out of touch with PI. Just wanted to hear few comments from an unbiased source. Thanks ^^ Hi! So far the updates and comments we have are what's posted in the Fort Victoria thread.
Here is the link for your info: http://www.skyscrapercity.com/showthread.php?t=560318&page=7
Hope this helps! :)

Wala pa bang Arquitectonica rendering on this FilInvest Twin Tower Project in BGC? Just wondering as previous articles mentioned a 1/2008 launch date. :)


TAIPAN Andrew Gotianun is building not one as earlier reported but two residential towers in The Fort in the vacant lot between the Pacific Plaza Towers and the nearly-complete Fairways Tower of the Concepcions.

According to the grapevine, the commercial offices and shops will be limited to the seven-floor podium that will link the twin towers, with Gotianun’s EastWest Bank taking up the podium’s premiere space.

No less than the Miami-based Arquitectonica architectural and interior firm has been hired to design the billionaire’s most ambitious residential condo project so far.

Arquitectonica itself is no stranger to the Philippine scene, having previously designed Pacific Plaza Towers, The Podium, and the humongous Mall of Asia.

According to the grapevine, the still unnamed twin towers will have entry-level units with sizes ranging from 36-40 square-meter studios up to three-bedroom, 156-sqm corner units.

A number of lofts are also planned, with floor areas of 130 sqm each.

Pricing is yet to be finalized, but it should hover in the P100,000-sqm vicinity, considering its location, target market, and Manila Golf and Makati skyline views.

The Manila Golf-side tower will have fewer and bigger units, 152, while the west-side tower facing The Fort’s commercial complex will have 231 condos. Both towers stand 43 levels, considerably shorter than neighboring Pacific Plaza Towers’ 52-story highs.

Groundbreaking, according to the grapevine, has been slated in late January, after the holiday rush.

;;

beaufort residences name ata ng project nito they plan to construct na this summer =)

Oh. Kailangan talaga may -fort sa pangalan. :D

there are now pics of this development in the link:
http://homes.point2.com/PH/Metro-Manila/Bonifacio-Global-City/The-Beaufort/1526251-Photos.aspx

there are now pics of this development in the link:
http://homes.point2.com/PH/Metro-Manila/Bonifacio-Global-City/The-Beaufort/1526251-Photos.aspx

http://img181.imageshack.us/img181/6852/w475h356wmwx3.jpg

;18535433']http://img181.imageshack.us/img181/6852/w475h356wmwx3.jpg

Whoa! I'm impressed! :okay: :applause:

Doesn't it look a little like RCBC from this angle? :)

wowm super expensive. 130K++/sqm

ganda ng tower

very nice...

wowm super expensive. 130K++/sqm

oo nga :) twice the price of FortVictoria.
ito ba pinaka-expensive condo sa bgc? maganda!

http://homes.media.point2.com/p2a/listing/d5fe/3df4/489c/5e7e8b9c44b2f23c4544/w475h356wm.jpg

there are now pics of this development in the link:
http://homes.point2.com/PH/Metro-Manila/Bonifacio-Global-City/The-Beaufort/1526251-Photos.aspx

;18535433']http://img181.imageshack.us/img181/6852/w475h356wmwx3.jpg

^^ :banana: :banana: :banana: Whoa!!! This is one beautiful building FilInvest will be putting up in Fort Boni and will definitely be a welcome addition to the BGC skyline. Me like it!!! :okay: :okay:

Di ko siya masyadong gusto... pero baka dahil lang dyan sa maliit na rendering. Di kasi natin makita masyado details ng design.

Another Glass box, nice shape though.

A bit pricey though it already has the vat imputed that's why. Plus am sure may discount pa. Is this a golf course lot? That could be one reason they are pricing it high.

hehe...you like it kuya boe? looks like an all-glass tower to me. the taller tower should be as tall as Pacific Plaza imo. we need more renderings! :) sana mas detailed. this could not be the final rendering but more or less close to the final one. at least we already have an idea that this will be a father and son duo! :okay: I was expecting an expansive tower with hole in the middle though. Hehe...the towers will be oriented to each other just like how Icon Towers are.

Another Glass box, nice shape though.

A bit pricey though it already has the vat imputed that's why. Plus am sure may discount pa. Is this a golf course lot? That could be one reason they are pricing it high.

^^^ right there at the edge of the manila golf joining the row of Pacific Plaza, Fairways, Bellagios, Icon and others.

i computed over 130+/sqm. as luxurious as Icon ito!

Well I hope the Fort Victoria turns out nice. Para maganda yung view.

Beaufort by Filinvest is indeed beautiful.

I observe that developers are putting their best foot forward in their projects in BGC. Look at Bellagios and 8th Forbestown by Megaworld, Fairways and one Mckinley by Philtown, Pacific Plaza by Metro Pacific, Essensa by Century and now Beaufort by Filinvest. I hope that Fort Victoria will be as nice.

Let's not forget that Sunlife will build their tower here also.

Talagang maganda pala maginvest sa Fort Victoria. the project is almost 60% the price of the competition in a great location and neighborhood.

^^ I agree! :)



right there at the edge of the manila golf joining the row of Pacific Plaza, Fairways, Bellagios, Icon and others.

i computed over 130+/sqm. as luxurious as Icon ito!

^^ Hi Francis, Yup looks like the golf course and makati skyline view is proving to be quite a premium. That's the going rate now (P110T/SQM -P130T/SQM) for projects lining up Manila Golf course because of their very prime and exclusive location within BGC. Boy that Manila Golf and Makati skyline view sure is proving to be a much bigger premium than I even originally thought but then again once you see the views there, they're really priceless, atleast to me anyway! This Filinvest project will surely add to the prestige of that area along the said golf course. Ganda siya! :okay: :okay:

I like the design!!!!

Ang Ganda at ang laki ng mga size ng units mas lalo na yung unit na facing manila goft. Very high end parang Essensa.

http://homes.media.point2.com/p2a/listing/705b/c08f/d2a7/96bf250f557fe76330f6/w475h356wm.jpg

Wow. Nice job by Arquitectonica. Not as nice as Pacific Plaza, but it's subtly brilliant. Can't wait to see this go up!

awesome!!!

Shouldn't this thread title be changed to Beaufort?

i like that beaufort tower its boxy but its simple yet elegant how are they goin selling units are there still many available mainly thinking about the two bedroom

Just noticed that it's two elevators per tower (plus one service elevator). For a tower that's 43 floors, I think 3 elevators is the minimum. But I suppose it's ok if all 43 floors have only four units.

We might as well link all the Beaufort slides here:

http://homes.media.point2.com/p2a/listing/32c5/6242/244c/f70732520ef0798103c1/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/e0fe/2b50/20b5/dfeb7e5fa07b8dc0a784/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/c205/167b/71b4/a503c914c8777a769dcf/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/705b/c08f/d2a7/96bf250f557fe76330f6/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/8151/37ac/00ad/6403e524071a030dd9b7/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/69a6/c8e6/f8a1/108f5ba5e74f080ecf5f/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/9c5e/3b99/1e67/1f0c5d86dcd5ea06caaf/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/6b91/9e7f/7363/5b23b11786cb04f867a7/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/d5fe/3df4/489c/5e7e8b9c44b2f23c4544/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/500d/1608/2705/46c932d3a448e979d8a1/w475h356wm.jpg

Well I hope the Fort Victoria turns out nice. Para maganda yung view.

Beaufort by Filinvest is indeed beautiful.

I observe that developers are putting their best foot forward in their projects in BGC. Look at Bellagios and 8th Forbestown by Megaworld, Fairways and one Mckinley by Philtown, Pacific Plaza by Metro Pacific, Essensa by Century and now Beaufort by Filinvest. I hope that Fort Victoria will be as nice.

Let's not forget that Sunlife will build their tower here also.

Talagang maganda pala maginvest sa Fort Victoria. the project is almost 60% the price of the competition in a great location and neighborhood.

IMHO, I would seriously invest money in Fort Victoria, I did...just look at areas surrounding FV. As what they always say in US stock market "buy low - sell high'! Bagsak lang nga ang US stocks (S&P 500, Dow Jones, and International Holdings) ko ngayon hehehe...but i still continue buying stocks. Again, buying stocks while share prices are down...hopefully same concept and results will materialize with FV.

beaufort is definitely hot! a great addition to the BGC skyline! :cheers:

wow....another killer design by arquitectonica......i would like to see more of these cutting edge deisgn in BGC!

http://homes.media.point2.com/p2a/listing/69a6/c8e6/f8a1/108f5ba5e74f080ecf5f/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/9c5e/3b99/1e67/1f0c5d86dcd5ea06caaf/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/6b91/9e7f/7363/5b23b11786cb04f867a7/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/d5fe/3df4/489c/5e7e8b9c44b2f23c4544/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/500d/1608/2705/46c932d3a448e979d8a1/w475h356wm.jpg

^^ I'm so glad that FilInvest's Beaufort project will actually be Fairways Tower's neighboring building which should help with the market price (P/SQM) of not only Fairways Tower but the other projects along the Manila Golf Course as well! Beaufort is one beautiful building indeed and should be a definite asset (along with other high profile projects like the unified PSE and Shang 6 star hotel among others) to that area of Fort Boni along 5th Avenue! Like Fairways Tower, Beaufort is situated in a very prime piece of realestate being along the Manila Golf border on one side and 5th Ave. on the other and with it's awesome design will definitely add to 5th Ave.'s prominence as one of the most prestigious roadway in BGC much like Ayala Ave. is to Makati once BGC's world class CBD comes into fruition. Great addition to BGC this project will be! The BGC / Fort Boni boom continues! :okay: :okay:

Updated BGC map..

includes - Sun Life, One Global Place, Ascendas, 8 Forbestown and Beauford.

I think the Torvald Klaveness Group will be below the Singapore Embassy - description said on "It will be located on a lot situated on a "Y" crossroad along an excluive lot in Bonifacio South of booming BGC."

http://www.readyforoccupancy.com/BGC-004.jpg

First and foremost, this is an cool design! I've read through the features and the price may be justified but I'm just wondering about the garbage disposal system. I'm all for a centralized garbage chute but what's the purpose of having airconditioned garbage room? Will that lessen the smell of the trash?

Aside from the low density floors, it'll be great that there will be "100% backup power in all units and common areas" so no brownouts!

nice addition to the BGC skyline!! finally, may rendering na rin hehe. i think tama lang na medyo boxy to kasi curvy naman yung Pacific Plaza.

^^ i agree.. ok lang na boxy.. kasi puro curvy na.. at least katabi nya rin yung boxy na fairways..

baka me feng shui kaya dapat counter the design of the neighbors. hehe...just a hunch.

i really like this beaufort.
let's enlarge the image to appreciate better

http://i228.photobucket.com/albums/ee156/aganagutom/beaufort.jpg?t=1203834722

Gusto ko rin ito kaya lang dahil sa mababa ang palit ng $ ay masisira ang budget ko sa laki ng monthly amortization nila P100T+. Sana kahit P50T man lang.

wow! i appreciate it much more now that it's enlarged!

http://homes.media.point2.com/p2a/listing/500d/1608/2705/46c932d3a448e979d8a1/w475h356wm.jpg

I agree @anone.

Unit Contract Price : 9,354,098.39
Reservation Fee : 100,000.00
Total Contract Price less Reservation : 9,254,098.39
5% DP : 462,704.92
55% Balance (payable 49 mos., 0% int) : 5,089,754.11
Equiv Monthly Amortization : 103,972.53
40% Turnover (due on the 51st mo.) : 3,701,639.35

Gusto ko rin ito kaya lang dahil sa mababa ang palit ng $ ay masisira ang budget ko sa laki ng monthly amortization nila P100T+. Sana kahit P50T man lang.

ganyan talaga dapat.. since the balance upon turnover amount will bulge kung mababa ang monthly.. also, this ensures that the client will pass the credit investigation, since the turnover balance will be loaned from the bank. (unless i-cash nya yun, pero sana 50-50 na lang ang term na kinuha nya)

but i am sure that there are other terms available na manageable.. pwede nila yan ipa-customize.. lahat ng terms pwedeng ipa-customize, its just a matter of having it approved by the finance department ng developer... sometimes may interest kung walang 20-30% ang nabayaran in 2 years.. ask your agent about it..

nice location.. premier talaga ang millionaire's row.. OT: that is why ayala is envious of MW FTC's location.. naunahan kasi sila ng MW to JV with rufinos..

Hindi kaya matakpan ang view nito kapag natuloy ang Manila Golf Condo?

judging from the rendering this view of the beaufort is going to be visible going south-westbound along 5th avenue. that means this glass is facing the morning sun, or am i wrong? just not too sure how the towers are orientated in relation to the site, because it seems the corner of the 2 towers would logically have to be positioned facing the roundabout.

im just not too sure about the other side - are the units "through units"? does anyone have more details on this?

also, what are the financing schemes available for basic units (studio, 1-br)?

please pardon me with my ignorance. what are 'through units?' :D

i think the towers in the rendering are oriented in a way that the observer is looking from Fort Bonifacio and facing Makati/Manila Golf. they don't really look expansive to me, but i could be wrong. sayang naman ang views pag hindi namaximized.

OT: JP, i think that prompted Ayala to conceptualize the Serendra. they have to come up with something very unique without using manila golf and makati skyline views as their selling points. imo, they were succesful in doing that. i believe MW has one of the most strategically located landbanks - McKinley Hill, Forbes Town, Newport, among others.

Hindi kaya matakpan ang view nito kapag natuloy ang Manila Golf Condo? ^^ Actually tsismis lang naman yang Manila Golf condos hanggang ngayon. Ginagawa pa lang ang FT nabalita na yan pero hanggang ngayon wala pa naman nangyayari sa proposal na ito. Tingin ko lang mahirap matuloy yang ganyang project especially kasi marami sa members ng Manila Golf ay sa Forbes/Dasma and other elite villages in the Metro nakatira so why would the rich and elite sacrifice their precious golf course as well as shell out money to build and put up the said condos? Parang doesn't make sense kanya malabong mangyari yan IMHO. Eh di ba yun ngang Forbes Park home owners along McKinley Drive who where petitioning the rezoning of their lots to commercial were effectively shut down by the powerful Forbes Park HOA so I see the same thing happening with such condo proposal in Manila Golf. No can do. This will surely get tied up in the courts for years to come...Of course just my opinion only ha!


Btw here is the area where they are supposedly proposing to build the said structue(s), so I've heard...
http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_1591.jpg

http://photos.friendster.com/photos/36/54/2994563/1_127954603l.jpg

taken by margolove from flickr.com
http://i9.photobucket.com/albums/a91/EnozAnewor/margolovemakati.jpg

through units are those which have through views from one side of the tower to the other. judging from the lot size of the beaufort i thought they might have this feature since the towers would be thin and slender and not bulky

I hope it never happens.

It will affect allot of nice views of allot of people.
They really don't need to put a condo there.
They should just buy units from Bellagio, Icon, TheBeaufort if they want golf view... :lol:

^^ I agree!!! :)

These slides should help show the orientation of the twin towers of BeauFort:





http://homes.media.point2.com/p2a/listing/c205/167b/71b4/a503c914c8777a769dcf/w475h356wm.jpg

http://homes.media.point2.com/p2a/listing/705b/c08f/d2a7/96bf250f557fe76330f6/w475h356wm.jpg

wow, it's not a dead boring box after all. in fact, the shape is quite interesting. inspired kaya ito ng ano? if Pacific Plaza is to Sine and Cosine waves, Essensas are to butterflies, Boni Ridge to Clover leafs, ano naman kaya ito?

so the rendering is indeed from BGC point of view facing Makati CBD. :D

am i seeing a 4-unit per floor layout there? must be really luxurious! good job for Filinvest. thanks for sharing Terence.

wow, it's not a dead boring box after all. in fact, the shape is quite interesting. inspired kaya ito ng ano? if Pacific Plaza is to Sine and Cosine waves, Essensas are to butterflies, Boni Ridge to Clover leafs, ano naman kaya ito?

so the rendering is indeed from BGC point of view facing Makati CBD. :D

am i seeing a 4-unit per floor layout there? must be really luxurious! good job for Filinvest. thanks for sharing Terence.

Yup it'll only have 4 units to a floor from the 8th to 41st floors for the West Tower at least! Low density floors talaga! :applause:

Imagine yourself owning that peach/orange-colored unit. you will have a 270 degree view of the city. and what else? you have one of the most-coveted selling point that One Rockwell has - a sunrise and a sunset view! Amazing! This will be something to look forward to. :okay:

just a thought. they should have launched this when Beauwolf was being shown. :lol:

^^ I agree Francis that the salmon/peach colored unit is the coveted prize unit in the said floor plan though I just hope the Manila Golf and Makati skyline views from the Beaufort West Tower will not be cut off too much by Pacific Plaza.

Updated BGC map..
http://www.readyforoccupancy.com/BGC-004.jpg

OT: JP, i think that prompted Ayala to conceptualize the Serendra. they have to come up with something very unique without using manila golf and makati skyline views as their selling points. imo, they were succesful in doing that. i believe MW has one of the most strategically located landbanks - McKinley Hill, Forbes Town, Newport, among others.

OT: ^^ i must agree.. the serendra megastructure will be great once its totally finished.

just a thought. they should have launched this when Beauwolf was being shown. :lol:

^^ haha.. natawa ako dito.. it could have been a great marketing ploy.. :lol:

OT: looking forward to that JP. give us firsthand info about their hi-rise section. that one looks like TRAG. maybe that should be correctly named the TRAS - The Residences at Serendra. but then no recycling of names.

baka kamo nakuha yung name sa Beauwolf? hehe...speculation lang.

OT: wait wala pa ba naglalagay sa serendra thread ng high-rise section specs? kung wala, lagyan ko..

The whole length of the west tower is parallel to the east-west axis.

Only the pink unit (in the floor plan) would receive direct western sunshine, the sunset-view unit.

The yellow units would be the coolest units because would receive very little to no direct sunshine during the whole day (it may be hit, though, by some reflections from the curved tower of Pacific Plaza sometime before noon, but no biggie), and no direct sunshine at all during the whole day on dates close to the winter solstice (around December 21) because the sun won't go directly overhead at noon during those days but instead be located a little to the south at noon because the Earth's axis is tilted 23.4° away from the sun. That means, no sunrise and sunset view for that unit, unless you stick your head out of the window just to see either the sunrise or the beautiful sunset. The upside would be cool units, no need to make the aircons overwork.

The green units is somewhere between the case of the blue and yellow units as it will have no sunset view unless you stick your head out the window, no direct sunshine hitting it after noontime, and the sun will only shine on it similar to what I will describe for the blue units, the only difference is that the sun will start shining on these units earlier (maybe around 9, or 10) than the blue units because this one's located farther from the northern tip of the east tower, which casts shadows on the west tower before noontime.

The blue units on the other hand would also not have any sunrise and sunset views even if one side of it faces the east because the east tower is, obviously, blocking the sunrise view. Depending on which floor that blue unit is located, because of the shadow that the east tower casts on it, it would start getting some direct sunshine at around 10 am with the lower units getting an even smaller direct sunshine later at around 11 am, and all the units losing the sun exposure not later than noon or even earlier during months close to December.

To sum things up, according to my projection, it would be the pink unit that would get the most sunshine, followed by the green, and blue and yellow.

Disclaimer: The preceding information are in no way intended to represent the actual scenarios. The most accurate projections of the units' sun exposure would be through calculated computer simulations which I don't do, and don't know how to do either.

Whew, nosebleed! :D Sumakit yata ulo ko dun ah. :hilarious Actually kung may access tayo sa model unit, at kung may accurate sign pointing to the north, we can try to do a simulation on how the sun could hit your unit during different times of the day and during different times of the year.

Ganyan kasi ako pag sasakay ng bus pag malayuang byahe, I take into consideration the time of the day, and the general direction of the route to determine which side of the bus would get more sunshine, so I can avoid it and sit on the opposite side instead. :colgate:

wow, it's not a dead boring box after all. in fact, the shape is quite interesting. inspired kaya ito ng ano? if Pacific Plaza is to Sine and Cosine waves, Essensas are to butterflies, Boni Ridge to Clover leafs, ano naman kaya ito?

so the rendering is indeed from BGC point of view facing Makati CBD. :D

am i seeing a 4-unit per floor layout there? must be really luxurious! good job for Filinvest. thanks for sharing Terence.

^^And what a breathtaking view it appears the golf course side end units of the West Tower exhibit! At a 156 m2, 3 bdrm., it would be one awesome unit to own. Regards!:)

my gawd. you can think of all these Aaron? believe it or not, I read everything that you posted. while reading halfway, i concluded that these are some sort of predictions and that i should have read the 2nd half only instead. hehehe...jowks. binasa ko talaga lahat bro.

agree with all your estimations. i could not have figured them out without you pointing out. while the pink unit could benefit the most sunlight of West Tower, the blue unit of East Tower (assuming they will use the same color scheme) will enjoy the same. pink units of the East tower will still enjoy a sunset (on top of the sunrise) but not on all-year-round basis. ayan, ginatungan ko pa talaga. i don't think the agents will ever think about these stuff. believe it or not, potential buyers will be asking about these. so for you brokers and agents out there, you better study by heart what Aaron just posted above. :D

^^And what a breathtaking view it appears the golf course side end units of the West Tower exhibit! At a 156 m2, 3 bdrm., it would be one awesome unit to own. Regards!:)

i agree with you @ chictown. and if i were to choose between this unit and a z-loft of One Rockwell, i would be leaning towards Beaufort.

just a thought, notice the white part there, which is for the elevators, lobby and stairwell - they should put that at the other side of the building. that side imo will be more saleable than the ones facing East.

do you have larger images of the floor plans and site plans?
thanks

the rendering doesnt seem in the right orientation. should it be flipped? i dunno, i think it should be flipped horizontally to match the orientation and profile in the site devleopment plan as shown in TC's images

no, there's no need to flip vertically, the rendering shows how it would look like if you were at the fort. this is not the manila golf view. notice Pacific Plaza on the right and Fairways on the left?

i think i get it now!
http://i31.tinypic.com/2wceixf.jpg
so the rendering shows a view from singapore chancery towards manila golf

so the west tower corner unit in pink with 270deg view would be the best buy
east tower units facing north (opposite singapore embassy) would also have nice views looking towards high street

other than that i guess all other units would have obstructed views from adjacent towers

How'd you do that?

Galing!!!!!

wooooo!

Somebody is showing off some mad skilzz! :nuts:

I wish someone could also do the the Bellagio and G&W area...

six453, pls. make rendering also of the Bellagio and g&w country like what TheRick said. nice work, naisip mo yan :) good job.

where did you get the shape of the shang grand? too bad, the beaufort gets blocked by the fort victoria,
makikita lang siya pagtapat mismo sa beaufort galing citycenter.

six453, pls. make rendering also of the Bellagio and g&w country like what TheRick said. nice work, naisip mo yan :) good job.

where did you get the shape of the shang grand?

I second the motion. Nice work. I hope you do one for the Forbestown, Bellagio, Boni Ridge and GW country. Please!!!!!

That is not Shang Grand. It is only conceptual as this is the current site of the Infinity showroom.

very very nice! galing mo! what about the whole of FBGC? what would you need to create the whole? :okay:

i agree, the pink unit will be the best buy for West Tower, but the blue one for East Tower. I would also love a view of Fairways in my window. Kaya ok sa kin ang Blue unit. Feeling...:lol:

i think i get it now!
http://i31.tinypic.com/2wceixf.jpg
so the rendering shows a view from singapore chancery towards manila golf

so the west tower corner unit in pink with 270deg view would be the best buy
east tower units facing north (opposite singapore embassy) would also have nice views looking towards high street

other than that i guess all other units would have obstructed views from adjacent towers

:cheers:Excellent birds-eye view illustration there @six453, and thanks for sharing it. Now my question is.... What's going to be built on the small lot between Beaufort and Pacific Plaza or the neighboring tower? It would be nice if it's made into a park, since that perimeter of the development would be a pathway for joggers, bikers, etc., etc... Thanks for your info. on this matter.:):)

^^ Hi Chictown. I hope all is well with you and our family. In regards to your inquiry, it will remain as open space, a small park if you will. Unless plans have changed, there will also be a walking path/park between the Manila Golf course and condo projects lining up the said golf course property line starting from McKinley Road and ending up somewhere in that area of Icon / 8 Forbestown project as an alternative way/access to the Forbestown commercial area. I for one will surely be looking forward to seeing this come into fruition as I will surely be using this alot. Hope this helps. :) :) :)

Updated BGC map..
http://www.readyforoccupancy.com/BGC-004.jpg

Nice render, I love it! What was used to do it?

^^ Hi Chictown. I hope all is well with you and our family. In regards to your inquiry, it will remain as open space, a small park if you will. Unless plans have changed, there will also be a walking path/park between the Manila Golf course and condo projects lining up the said golf course property line starting from McKinley Road and ending up somewhere in that area of Icon / 8 Forbestown project as an alternative way/access to the Forbestown commercial area. I for one will surely be looking forward to seeing this come into fruition as I will surely be using this alot. Hope this helps. :) :) :)

:cheers:Thanks, Boe. Our best wishes to you and yours too. Hope you're all having a wonderful vacation and may your trip back to the U.S be safe. It's really exciting to hear all these good news and we are looking forward to seeing these projects implemented. Again, thanks and be safe. Rgards!:):)

that map is really very helpful kuya boe. do you do the updates yourself? looking at Beaufort's map, it's not too sizeable for a really tall tower taking into consideration the FAR restrictions. this probably explains why Filinvest was not able to come up with an expansive tower.

hi all
thanks for the nice words it is much appreciated

basically i would need floor plans, site plans, basic elevation heights, renderings for elevation to be able to come up with a basic model (no intricate detail) such as the one shown above. GW country i dont have much info on, esp the new ones such as ascendas tower and boni e-svcs bldg, as well as net plaza.

that map is actually done by someone in FBDC right?

the shang grand model is just indicative, i dont have much info about it...

that map is really very helpful kuya boe. do you do the updates yourself? looking at Beaufort's map, it's not too sizeable for a really tall tower taking into consideration the FAR restrictions. this probably explains why Filinvest was not able to come up with an expansive tower.

^^ Oh no it's not me Francis. It's Rick I believe who updates the map since he is the one who normally posts this updated BGC project(s) map in the forum. I just quote/repost the said map (which Rick posts) where it is applicable like I did in this Beaufort thread several posts up. Kudos to Rick!!!
:) :) :)

:cheers:Thanks, Boe. Our best wishes to you and yours too. Hope you're all having a wonderful vacation and may your trip back to the U.S be safe. It's really exciting to hear all these good news and we are looking forward to seeing these projects implemented. Again, thanks and be safe. Rgards!:):)


Thanks Chictown! Yup sure did have lots of fun while it lasted but sadly I will be home bound by this Friday.
Can't wait to come back and already looking forward for the next visit, or should I say my relocation! :) :) :)

^^ wow relocation na si kuya boe. have a safe trip on Friday. bukas na. and thanks for the info. si TheRick pala ang masipag na magupdate ng map. masisipag talaga mga tao dito. and they are doing these without any pay.

magkano na ba jackpot sa lotto ngayon? makataya para pag manalo, bibili ako dito. hehe.

makataya din :D

pag nagkataon penthouse makuha :banana:

Thanks Chictown! Yup sure did have lots of fun while it lasted but sadly I will be home bound by this Friday.
Can't wait to come back and already looking forward for the next visit, or should I say my relocation! :) :) :)

:)Another good news and all the best to you, Boe. Mabuti at magkita kita tayo nina Bart at iba pa, kung ok lang sa inyo kasi ako ang magiging lolo ninyo duon...hahaha! Don't forget to get yourself a bike when you relocate because it's a must have there for our fitness gatherings.....and for justifying any splurging we'll get into thereafter. Sorry, I got carried away! Take care and have a safe flight.:):)

^^ wow relocation na si kuya boe. have a safe trip on Friday. bukas na. and thanks for the info.

^^ Thank You Francis! :) :) :)



:)Another good news and all the best to you, Boe. Mabuti at magkita kita tayo nina Bart at iba pa, kung ok lang sa inyo kasi ako ang magiging lolo ninyo duon...hahaha! Don't forget to get yourself a bike when you relocate because it's a must have there for our fitness gatherings.....and for justifying any splurging we'll get into thereafter. Sorry, I got carried away! Take care and have a safe flight.:):)

^^ Okidoki it's a date! So it's not just a breakfast/lunch/dinner club anymore but a bicycle club as well! That will be swell! Bili muna ako ng bisekleta bago kotse! Will definitely need the exercise after hitting those great restaurants in BGC! PS: Age is more Mental than Physical! Atleast that's what I'd like to believe! Hehehe... :lol: :lol: :lol:

@3cr... your wish is my command! Enjoy! Hehe :)

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide1.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide2.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide3.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide4.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide5.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide6.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide6.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide8.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide9.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide10.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide11.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide12.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide13.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide14.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide15.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide16.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide17.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide18.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide19.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide20.jpg

The End. :)

huwaw!

^^ Yippee no need to take out the magnifying glass anymore!
Thank You much TC/Terence! This is very much appreciated! :okay::okay:

^^ Yippee no need to take out the magnifying glass anymore!
Thank You much TC/Terence! This is very much appreciated! :okay::okay:

No need for magnifying glass alright but I just hope it doesn't eat up too much of your and everyone else's bandwidth to slow up your pc's. Sorry for that.

^^ Magandang gawing boarding house. :lol: :lol: :banana:

property being fenced off today

^^ Thanks for the update Sloanesquare. That's very good to hear especially since FilInvest had been oh so quiet about this project in their press releases. :okay: :okay:


Many Thanks again TC! :)

@3cr... your wish is my command! Enjoy! Hehe :)

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide1.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide3.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide4.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide5.jpg

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide6.jpg

when's the turnover of this?

Most expensive project to date. At 130k/sqm can this project compete with 8th Forbestown , St Regis and Shangrila?

Overpriced to ser!

You're looking at anywhere between 80-100k/month for a 1BR. Ouch!

With all the other quality projects coming up at BGC, this is a tough sell

the beaufort site is already fenced.

@Rossonero in 2012

were u able to purchase?

nice, cool project

It seems like everyone's doing the whole podium+tower combination now.

Great location though, right by McKinley. Someone might shoot me for saying this, but - I wish they could expand that road another lane, even if it means chopping down those trees. Traffic there will only get worse.

A tunnel?! Sosyal!

COCKTALES by Victor Agustin

The Beaufort, Filinvest’s upcoming twin condo towers in the Fort beside the flagship Pacific Plaza, has been priced at a market-topping P133,000 per square meter.

Condo sizes range from 70 sqm to 149 sqm, with Filinvest limiting the number of units at four per floor.

^^ Dang expensive if true but I hope they are successful! BGC projects facing Manila Golf are now getting ridiculously expensive already but I guess as long as there are enough buyers/takers wanting and willing to pay for such a view then the market price for these choice units in these select few residential projects lucky enough to be across the Manila Golf property line, should hold steady if not continue to rise. :cheers: :cheers: :cheers:

yeah, the price on the report is true.. and i'm hoping to be successful as well. :nocrook:

With the addition of The BeauFort, BGC will have such an elegant row of buildings (with the Bellagio towers, Essensa, Pacific Plaza etc.) along its fringes facing Makati.

COCKTALES by Victor Agustin

The Beaufort, Filinvest’s upcoming twin condo towers in the Fort beside the flagship Pacific Plaza, has been priced at a market-topping P133,000 per square meter.

Condo sizes range from 70 sqm to 149 sqm, with Filinvest limiting the number of units at four per floor.

^^ Dang expensive if true but I hope they are successful! BGC projects facing Manila Golf are now getting ridiculously expensive already but I guess as long as there are enough buyers/takers wanting and willing to pay for such a view then the market price for these choice units in these select few residential projects lucky enough to be across the Manila Golf property line, should hold steady if not continue to rise. :cheers: :cheers: :cheers:


for pre selling - 133k per sqm na kaagad? i think that's pretty high kahit manila golf view pa, not unless high end ung finishing ng mga units or fully furnished na.

Makes Fort Victoria look like a really good deal... ^^

Pretty much in the same row as those great projects... and maybe around P75-85k/sqm...

Same goes to other condo projects in BGC way below 100k... Crescent Park, Seibu, Palm Springs, Infinity...
Those will be rare in the near future... :lol:

^^ Yup sinabi mo! Fort Victoria being along 5th Avenue like the BeauFort and being just across it even really makes it one of those sleeper projects that will prove to be a good deal imho because of sheer location/proximity to the high-end projects like Pacific Plaza, Fairways Tower, Regent Parcway, Essensa as well as the future St.Regis and the BeauFort of course. Furthermore those projects along 5th Avenue have such a desirable location being along the same street as major high profile projects like the Unified Philippine Stock Exchange, the 6 Star Shang Hotel, and perhaps even a Trump Tower; not to mention Bonifacio High Street (extension) and The Fort. It's walking distance to everything which makes it very convenient talaga! Of course there is also the Fort Bus for those who choose not to walk! Hehehe... :lol: :lol:


Btw The Beaufort will rise between The Fairways Tower and Pacific Plaza in this pic courtesy of Isagani. Thanks Isagani! :okay: :okay:
taken by riffy from makati - Flickr
http://i9.photobucket.com/albums/a91/EnozAnewor/riffyfbgc.jpg

for pre selling - 133k per sqm na kaagad? i think that's pretty high kahit manila golf view pa, not unless high end ung finishing ng mga units or fully furnished na.

^^ Really makes our investment in Fairways Tower such a good deal doesn't it! Tipak na tayo You_wish! :banana:

yeah, the price on the report is true.. and i'm hoping to be successful as well. :nocrook:

^^ All the best! Do you represent FilInvest? If you have new/better rendering of the BeauFort, please feel free to post it so we can see and appreciate what a P133T/SQM project will look like. At this price I imagine this project will be on par with Shang's 6 star Hotel / Residential Tower project. Very exciting! Can't wait to see it! :cheers:

^^ All the best! Do you represent FilInvest? If you have new/better rendering of the BeauFort, please feel free to post it so we can see and appreciate what a P133T/SQM project will look like. At this price I imagine this project will be on par with Shang's 6 star Hotel / Residential Tower project. Very exciting! Can't wait to see it! :cheers:

One Central's PH units are at 123,250/sqm and have sold pretty well. Same is true with Gramercy PH units which are already priced above 140,000/sqm.

thanks for the info

One Central's PH units are at 123,250/sqm and have sold pretty well. Same is true with Gramercy PH units which are already priced above 140,000/sqm.

^^ Yes TC but I think it is also much easier for a developer to sell a select few PH (penthouse) units at those prices where their target market is the upper echelon of unit buyers and where money is pretty much no object to these people compared to this BeauFort project which will really need to sell alot many more units (of smaller cuts) to alot more people across the board at P133T/SQM inorder to sell out the project and I think that's really much harder to accomplish than trying to win just a handful of PH unit buyers di ba? It will really be interesting to see how the BeauFort project will do especially now with a slowing worldwide economy coupled with a much stiffer project competition. I wish them the all the best as well as much success.

Yes TC but I think it is also much easier for a developer to sell a select few PH (penthouse) units at those prices where their target market is the upper echelon of unit buyers and where money is pretty much no object to these people compared to this BeauFort project which will really need to sell alot many more units (of smaller cuts) to alot more people across the board at P133T/SQM inorder to sell out the project and I think that's really much harder to accomplish than trying to win just a handful of PH unit buyers di ba? It will really be interesting to see how the BeauFort project will do especially now with a slowing worldwide economy. I wish them the all the best as well as much success.

I got your point naman. FYI na din, the average selling price of OC is already almost 110,000/sqm.

^^ Yup OO nga grabe na talaga sobrang mahal na ng mga units sa mga high-end projects ngayon and it seems many projects coming out lately are catering to the so-called highend market. Too many developers are trying to cash in I think before the market slows. I sincerely hope that such runaway asking prices are really sustainable and well supported or we might see very big price drops when and if the bubble finally pops like what we're currently seeing the the US realestate market.


Property developers jack up prices
By Likha C. Cuevas-Miel, Reporter
Friday, May 09, 2008
Manila Times
http://www.manilatimes.net/national/2008/may/09/yehey/business/20080509bus3.html

PROPERTY developers are about to raise prices—if they haven’t already —to cope with costlier raw materials, fuel and soon, labor, and prevent these from eating into their margins.

On Thursday, Vista Land and Lifescapes Inc. said the company may have to jack up prices in the “high single-digits” to account for higher inflation.

Manuel Paolo A. Villar, Vista Land corporate planning chief, said the company will adjust prices according to “the economic environment of the (project) area.”

But these increases will be accompanied by reengineering and specification changes in residential units so that buyers will feel they got their money’s worth, he said.

Megaworld Corp. said it has already raised prices to cover current development costs, but refused to say by how much they were increased. John Hao, Megaworld investor relations officer told The Manila Times that “price increases are done every new project or tower launch.”

Filinvest Land Inc. (FLI) said the company also adjusted its prices since the start of the year due to increasing demand for the company’s products and climbing construction costs.

“However, we can only adjust at a certain level since there is a certain affordability (for buyers),” Anabelle D. Arceo, FLI investor relations officer said.

This way, the company can still maintain its profit margin without hurting the buyer’s pockets. Last year, the company’s gross profit growth had slowed from 56 percent to 53 percent due to expanding mix of price points for its developments. Arceo said the company’s profit margin however remained flat at these levels.

Negotiate with suppliers

Besides raising prices, Ayala Land Inc. (ALI) said it is managing costs by consolidating its purchases. With several construction developments in the pipeline, the company can negotiate with its suppliers for raw materials to be sold below market prices, Alfonso Reyes, ALI corporate spokesperson. said.

Seeing that cement prices are creeping up—at P195 per 40-kilogram bag as of last count—ALI decided to lock in its price through a 2-year supply contract, which will expire by the end of this year, Reyes said.

The company however is selective about its hedging. In the case of reinforcement steel bars, which eat up 11 percent to 14 percent of construction costs, ALI decided to go for market prices, fearing the price spike may turn out too short-term.

“We are exploring the possibility (of locking prices) for that but it’s a difficult environment and I guess other developers are also facing the same situation,” Reyes said. Other than hedging, the Philippines’ largest property developer is shifting to cheaper imports from China.

Reyes said the level of price adjustments vary depending on the type of development and buyer demand so it is difficult to pin an average cost. For this year, ALI plans to develop about 56,000 residential units under Community Innovations, Avida and Ayala Land Premier, as well as several business process outsourcing (BPO) office spaces.

Villar said it also helps that Vista Land has economies of scale so it has enough leverage over its suppliers to control costs. The firm’s strength is in the affordable and low-cost housing and horizontal segments under flagship Camella Homes.

“Material costs are not the only costs. There is also the land cost. Obviously we have a land bank that mitigates that impact, which is the benefit of having a large land bank. In an inflationary environment, companies with large land bank obviously have an advantage over companies with smaller land bank,” he said.

At present, the company has about 1,795.6 hectares of land for development, 81 percent of which are in Mega Manila, which includes nearby provinces of Laguna, Batangas and Cavite.

Adjusting the lot size

Property firms are also adjusting their house-and-lot offerings on top of fiddling with their prices to maintain buyer interest.

“What we do is we sell a house and lot – let’s say the original price is P1.5 million but now its costs P1.8 million due to inflation. If P1.5-million can buy you a 120-square meter house and lot, now it will only be 100 square meters. It’s the same price for the same house albeit smaller in area,” Arceo of FLI said.

For its part, Vista Land markets different maturities apart from changes in lot size offerings.

“The other thing is borrowers can extend the maturities up to 25 years. You could borrow longer or you can decide to be a little more conservative in your purchase so instead of buying a P2.5-million house you can buy P2-million for the time being. We have over 15 price points to choose from,” Ricardo Tan, the company’s chief finance officer, said.

Locking in rates

Rising home financing interest rates —as a result of rising inflation —has yet to deter buyers since there are several options laid out to them, Tan said.

Reyes of ALI said that buyers are also locking in home mortgage rates in the event that bank loan interest rates have bottomed out. He said that bank financing for the company’s developments have gone up from 22 percent during the third quarter last year to 31 percent so far this year -- proof that buyers are scrambling to get good borrowing rates.

In just a few months, the inflation rate jumped threefold to 8.3 percent largely due to skyrocketing fuel and food prices. Some analysts said inflation could easily hit 9 percent.

Rising prices of commodities have been integrated into companies’ strategic plans but the sudden spike may have been overlooked, a corporate planning officer told the Times.

“We’re still at the first quarter and let’s see after the first semester is over,” Reyes said.

^^ Yup OO nga grabe na talaga sobrang mahal na ng mga units sa mga high-end projects ngayon and it seems many projects coming out lately are catering to the so-called highend market. Too many developers are trying to cash in I think before the market slows. I sincerely hope that such runaway asking prices are really sustainable and well supported or we might see very big price drops when and if the bubble finally pops like what we're currently seeing the the US realestate market.

What price/sqm is rightly considered expensive ba? What is a "runaway asking price"? What if 133k will be considered very cheap in the future? When you bought a unit in Fairways for example, wasn't it relatively expensive at that time considering that BGC then was still undeveloped? Now you are very happy (as we are for you) that you were able to buy your unit at a much lower price. That's 20/20 hindsight for all of us eh and we're all happily guilty of that. My condo in Binondo was worth 2mln several years ago and is now worth more than 3x that. It was a crazy asking price then. :)

Anyway, let's see how this 133k/sqm price will pan out.

And why is it that many high-end developments come out late in the game (I am not saying it is too late just late)? We've been in a real estate boom for several years already. Hmmm...

^^ Yup 20/20 hindsight and it showed that the ones who started investing after the Asian Crisis when realestate pricing was at their lows made good return on their investment. 2004 onwards proved to be especially quite rosy for Philippine realestate and let's pray and hope there are more years just like that to come since prices have gone dramatically higher since then. Don't get me wrong, on one hand I am happy to see that project/unit prices are constantly moving up (mine doubled, your's tripled) but what I don't want to see is what happened in the US where the lure of quick price increases (easy money) for both developers and buyers created runaway prices which caused the market to overheat and eventually pop due to greed (reckless market exuberance). Just that I kinda see a very similar trend happening here in Pinas with the market reaching a certain saturation point not just in project numbers but also for many of the target market for these so called highend projects that many of these developers seem to be churning out for and cashing in as fast as they can before the market slows. The competition will be very stiff in this market segment and I sincerely hope that in the end the developers, whoever they may be, will be able to deliver their respective highend project(s) as promised especially considering that the buyers/investors have paid an arm and a leg for their units. Good Luck and more power to them ika nga.

delete

^^ Yup 20/20 hindsight and it showed that the ones who started investing after the Asian Crisis when realestate pricing was at their lows made good return on their investment. 2004 onwards proved to be especially quite rosy for Philippine realestate and let's pray and hope there are more years just like that to come since prices have gone dramatically higher since then. Don't get me wrong, on one hand I am happy to see that project/unit prices are constantly moving up (mine doubled, your's tripled) but what I don't want to see is what happened in the US where the lure of quick price increases (easy money) for both developers and buyers created runaway prices which caused the market to overheat and eventually pop due to greed (reckless market exuberance). Just that I kinda see a very similar trend happening here in Pinas with the market reaching a certain saturation point not just in project numbers but also for many of the target market for these so called highend projects that many of these developers seem to be churning out for and cashing in as fast as they can before the market slows. The competition will be very stiff in this market segment and I sincerely hope that in the end the developers, whoever they may be, will be able to deliver their respective highend project(s) as promised especially considering that the buyers/investors have paid an arm and a leg for their units. Good Luck and more power to them ika nga.

I really do see a similarity in the trend.
3cr I think you live in the west coast. I live in the south and my sister lives in the east coast.
It really does has the same feel - projects keep popping up almost everywhere prices seem to go up and up... And suddenly the projects are gettting more high end.

I'm sure that the US and Philippines real estate have different system. We don't have ARM or no interest only mortgages, its hard to flip condos fast...
On the other side, the US market didn't sell or target buyers from overseas.

I remember they keep saying the housing market will burst anytime now... But they ended up saying that for about 3 years until it finally popped...

I really do hope the real estate market keeps going for 3 or 5 or 7 more years.
Just be carefull in investing - choose investment wisely and don't over extend yourself...

Well I think that only Beaufort can be considered high end in terms of pers sqm costs. Beaufort is already 133k/sqm and Icon is at 120k/sqm. Last I heard, 8th Forbestown was selling at 100k/sqm and St. Regis will be selling 100k/sqm. Fort Victoria is even cheaper at 85k/sqm. So if you do a sampling of prices, Icon and Beaufort are the only ones whose price seems outrageous. Other developers doesn't seem to follow the trend.

I will be more worried if almost all the developers are quoting Beauforts price. But I think we will be quite a few more years away from that.

In dollar terms, we are still 40% away in real terms away from the peak of the real estate boom in the 1990s. So if you factor it this way, we still have a lot more elbow room to increase. Malayo pa tayo sa bubble.

I share 3crs sentiment that I would rather see a gradual increase rather than a speculative increase. As my finance professor used to say a little inflation is actually good. Too much and it will spell disaster.

Fairways Tower - is the building at the back.

http://i71.photobucket.com/albums/i143/cynchyap/BGC%202008/blog_051208_Beaufort.jpg

The Pacific Plaza Towers are at the back.
http://i71.photobucket.com/albums/i143/cynchyap/BGC%202008/blog_051208_Beau2.jpg

I really do see a similarity in the trend.
3cr I think you live in the west coast. I live in the south and my sister lives in the east coast.
It really does has the same feel - projects keep popping up almost everywhere prices seem to go up and up... And suddenly the projects are gettting more high end.

I'm sure that the US and Philippines real estate have different system. We don't have ARM or no interest only mortgages, its hard to flip condos fast...
On the other side, the US market didn't sell or target buyers from overseas.

I remember they keep saying the housing market will burst anytime now... But they ended up saying that for about 3 years until it finally popped...

I really do hope the real estate market keeps going for 3 or 5 or 7 more years.
Just be carefull in investing - choose investment wisely and don't over extend yourself...

Yup West Coast...Cali/BayArea naman ako. Like you I am sincerely hoping that the boom is actually supported by well founded economic factors instead of being fueled by investor speculation and developer/media hype. I'm reposting this article posted by Peter/Bustero which says that Filipinos abroad are still buying properties/units in the Philippines despite the world wide economic slowdown which is good news I guess if indeed accurate. :)

Vol. XXI, No. 197
Thursday, May 8, 2008 | MANILA, PHILIPPINES
Property & Infrastructure
Filipinos abroad fuel Philippine real estate boom

STRONG DEMAND from Filipinos working and living abroad has contributed to the continued rise of property prices, as has strong economic growth, especially in Metro Manila, the center of the call center boom, property Web site Global Property Guide said.

Residential prices in upscale districts of Metro Manila rose by an average of 15.15% in 2007, following a rise of 9.6% in 2006 according to data from Colliers International. In the previous year, 2005, property prices had risen by 10.9%.

The real estate sector started its recovery in 2004 from the slump brought about by the 1997 Asian currency crisis. Condominium projects are rising all over Manila, with condominium prices and rents going up, and vacancy rates falling.

The property market draws strength from sectors anchored to the world economy, including demand from Filipinos overseas — workers, immigrants and dual citizens — and their families.

The Global Property Guide noted that about 30% of the income of Filipinos abroad is spent on housing, whether it is used to buy a new house, fix present homes or pay rent. Dollar remittances from Filipinos overseas reached a record $14.45 billion in 2007.

Demand for office space from information technology-related firms such as call centers and business process outsourcing (BPO) firms also provided the spark to revive the slumbering real estate sector.

In 2006, BPO firms in the Philippines earned $3.6 billion, up by 50% from the previous year. The sector now employs more than 250,000 employees and is expected to expand more.

Wider coverage

"The real estate boom in the Philippines can be seen with the number of new condominiums rising all over Metro Manila," the Global Property Guide said.

The pre-Asian crisis boom was only visible in central business districts of Makati and Ortigas. Instead of just pockets of developments, condominiums are being planned and built along the entire stretch of EDSA. There are also new condo projects planned in the North and South. This provides potential buyers more choices, it pointed out.

Several subdivisions are also being developed in nearby provinces like Rizal, Bulacan, Cavite and Laguna. With the completion of major infrastructure projects such as the North and South Rail, more people can easily commute from these provinces to the city. In effect, Metro Manila is getting bigger and less crowded.

Potential buyers should still be wary of the problems involved in buying property in the Philippines. One is the issue of fraudulent titles. High transaction costs and the lack of information also hamper the real estate market. "Condos and new subdivisions are generally free of these concerns; hence, they benefit more from the boom," the Web site said.

Property buyers are also mostly limited to Filipino workers overseas and their families. Some agents report that about 60% to 90% of the properties are sold to Filipino immigrants abroad and their families.

Demand, however, is being affected by the peso’s rise against the dollar. About half of Filipinos abroad work in the Middle East, and a significant number work in Hong Kong. They mostly earn in dollars. And about 70% of Filipino immigrants are in the US.

There are already worrying signs. According to the central bank’s consumer expectations survey for the fourth quarter of last year, only 1.3% of the households of Filipinos abroad in the National Capital Region intend to use the remittance for buying a house. In the second quarter of 2006, about 11% of the households said they intended to buy a house.

Limited mortgage options

For the real estate mortgage market to grow, demand from local buyers should strengthen. In other countries, a housing market boom is accompanied by a mortgage boom, with most property purchases financed by a loan.

The Global Property Guide noted that in the Philippines loans have declined despite the ongoing real estate boom.

"The lack of mortgage options in the Philippines continues to hamper the real estate market. Despite the drop in the base interest rates, mortgage rates remain high, typically, in double digits," it pointed out.

Most mortgages in the Philippines are indexed to the Treasury bill rate, depending on the length of loan maturity. The 364-day T-bill rate was at 5.6% from June to December 2007, significantly lower compared with the average of 14.4% in 2000.

However, mortgage rates offered by major commercial banks are stubbornly set at 9.99% or more for mortgages with rates fixed for five years or more.

This means that the borrower absorbs much of the interest rate risk. Mortgages offered by developers are significantly much higher, ranging from 12% to 18%.

While the Home Development Mutual Fund offers a much lower interest rate at 6% to 7% and better loan conditions, the amount that can be borrowed is much lower and there are certain membership requirements.

The Philippines experienced the biggest drop in property prices among the economies affected by the Asian crisis.

A speculative property bubble in the 1990s after financial liberalization and economic reforms had attracted capital inflows. Luxury condominium prices rose by almost two-thirds between 1995 and 1997.

During the Asian crisis, Philippine luxury condominium prices went down by 18% from 1997 to 1998. Political crises led to further deterioration of the real estate market, until a mild recovery started in 2004. Luxury condominium prices in the Philippines dropped by 56.2% in real terms between 1997 and 2004. Even with gains from 2005 to 2007, property prices were still 50% below their 1995 peak in real terms.

Recently, the central bank relaxed rules on real estate lending. "Many fundamental problems confronting the real estate sector remain to be addressed, including reforms in credit rating, property valuation, land administration and property registration," the Global Property Guide said. But so far, lack of reforms does not seem to have held back a booming market, it added.

Update on Beaufort:


The sale on the West Tower from 8th-20th floor have started to roll.. as long as there is a market, a group of people willing to buy.. the 133,000 per square can always be justified. :)

^^ Yup I agree and really rooting for the BeauFort project to be a success! If it is indeed successful in selling the project at P133T/SQM, it will surely help pull up and increase the market price (as well as the equity value) of its neighboring projects like Fairways Tower for one (which I invested in). Btw any new (and better) renderings of the BeauFort available for posting at this time? We're very excited to see more. Thanks! :cheers: :cheers: :cheers:

There are no new materials available to post at the moment but what i can share is that the model units of the project will be available soon. Siguro, if it's almost complete na, i can take pictures and post it here. :)

^^ Okidoki. Please do! Thanks again! :)

There are no new materials available to post at the moment but what i can share is that the model units of the project will be available soon. Siguro, if it's almost complete na, i can take pictures and post it here. :)

Looking forward for the photos of the model units. :)

beaufort's official website.. it's still under construction though.


www.thebeaufort.com.ph




x

I saw that they've got backhoes already on site.. so I guess their digging already huh..

Backhoes are there na pala. That's good news. Hope they start digging soon. It's going to get quite dusty and noisy for a while there for Fairways Tower residents so the sooner they start the BeauFort project the better in my book. Looking forward to the newest and latest project renderings. Hopefully some will be posted soon! :)

disclaimer: this is just a colleague's perspective.


http://i18.photobucket.com/albums/b121/rip013/Beaufort21200x700.jpg

Awesome work! ^^

Would be nice to see how the Fort Victoria and St.Regis mix into this picture...

Ahh... looks like Beaufort grew fatter here? Hehe. Despite that... it's still a nice job your colleague did though. :)

disclaimer: this is just a colleague's perspective.


http://i18.photobucket.com/albums/b121/rip013/Beaufort21200x700.jpg

nice perspective of the future.
very disappointed though that FLI uses a very attractive young caucasian family in its wraparound tarpaulin fence advertising. the target market are pinoys and the point of advertising is to let the dream be imagined..so why use foreigners.

BECAUSE IF ITS GOOD ENOUGH FOR THEM ITS GOOD ENOUGH FOR PINOYS

we need to really move on.its bad enough in the midst of the property boom our local architects are still piggybacking with the foreign firms to get around the law instead of vice versa.

I guessing here... Maybe foreigners are really their target market...
Specially with that P133k/sqm price tag...

To be fair i think i've seen other condo projects do the same...

sloanesquare has a point but to be fair to Filinvest, as theRick already pointed out, other projects also banked on the Colonial Mentality that Filipinos have. it's a bad trait that we posessed that has been exploited by different marketing arms of different companies (not just in real estate) for as long as i can remember.

due to TC's comments.. here's a sexier version of the perspective. :lol:


http://i18.photobucket.com/albums/b121/rip013/BeaufortBldg1200x768.jpg

sloanesquare has a point but to be fair to Filinvest, as theRick already pointed out, other projects also banked on the Colonial Mentality that Filipinos have. it's a bad trait that we posessed that has been exploited by different marketing arms of different companies (not just in real estate) for as long as i can remember.

true... and maybe they are really trying to sell condo units to foreigners...

due to TC's comments.. here's a sexier version of the perspective. :lol:


http://i18.photobucket.com/albums/b121/rip013/BeaufortBldg1200x768.jpg

Wow! Great work!
I wish you could make it for all the BGC condo projects... :lol: (joke)

due to TC's comments.. here's a sexier version of the perspective. :lol:


http://i18.photobucket.com/albums/b121/rip013/BeaufortBldg1200x768.jpg


So it's my fault that we get this new angle? Hahaha. :lol:

Great job again. Galing! :applause:

true... and maybe they are really trying to sell condo units to foreigners...

yeah, they are selling it to foreigners but we must remember that only 40% of the condo units available can be sold to foreigners unless they have a filipino spouse. :)

As a PC, at least on my personal experience, it's harder to sell pre-selling units to foreigners than to Filipinos.. since most foreigners(that i know) are looking for RFO units.


@TC

yeah, it's your fault! haha kidding!

I guessing here... Maybe foreigners are really their target market...
Specially with that P133k/sqm price tag...

To be fair i think i've seen other condo projects do the sameg...

actually MNL is nowhere near the business hub like Sing and HK that naturally attracts long term stay foreigners who look at the long lease vs buy option so I think we really need to accept that FLI and RLC (Trion) view that advertising is prettier with caucasians and not asians or arabs or south americans or indians.

also i read that condos in mumbai and bangalore have higher rental yields and price per sqm than the Fort. One interpretation is that Makati and Fort still have some latitude upwards of this P133k/sqm We already know that we are supercheap versus Singapore despite the 50% return of the Fort over the past 18months.

disclaimer: this is just a colleague's perspective.


http://i18.photobucket.com/albums/b121/rip013/Beaufort21200x700.jpg

Maybe your colleague can still improve the perspective above to take into account the comments of @thomasian and using the maps below it for reference. You can use De Jesus Circle as an important reference point.

Hehe sorry demanding ba? :)

^^ Actually, no. Because from that angle, the Beaufort tower on the left should be infront of the one on the right. So only one tower (the tower facing BGC) should be visible from that view, the Manila Golf facing tower should be hidden from view, blocked by the Beaufort tower facing BGC.

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide6.jpg




Updated BGC map...


http://www.readyforoccupancy.com/BGC-004.jpg

Filinvest should have, instead, built The BeauFort in their FiliCity at Alabang, Marikina City. Well, fairly adjacent to the Insular Life building there.

Nevertheless, I think its better since I want the FBGC to get dense the least possible time! :)

@TC ayawan na! :lol: ill ask them if they can improve it if they're not too busy :)



@neverwinter.. FBGC is the hottest and most attractive location right now in Metro Manila. My opinion is that if Filinvest really want to compete, they should make their mark in the area.

@TC ayawan na! :lol: ill ask them if they can improve it if they're not too busy :)

Haha demanding talaga mga taga-SSC. :lol:

@neverwinter.. FBGC is the hottest and most attractive location right now in Metro Manila. My opinion is that if Filinvest really want to compete, they should make their mark in the area.

Seems as if [they're] riding in the bandwagon... I'm just concerned about the future Alabang--that is, the Madrigal Business Park and the Filinvest Corporate City.

Seems as if [they're] riding in the bandwagon... I'm just concerned about the future Alabang--that is, the Madrigal Business Park and the Filinvest Corporate City.

Alabang has their own market and will survive on its own. Regarding Filinvest Corporate City, they are much stricter than Ortigas, Makati and to a certain extent FBGC in implementation of rules that's why the development of that business district is slower compared to the others.

Alabang has their own market and will survive on its own. Regarding Filinvest Corporate City, they are much stricter than Ortigas, Makati and to a certain extent FBGC in implementation of rules that's why the development of that business district is slower compared to the others.

So they could not be in par with FBGC or Makati or Ortigas? We can't see Alabang glittering will densely-packed skyscrapers (well, low-risers will be expected near Barangay Ayala Alabang)?

So they could not be in par with FBGC or Makati or Ortigas? We can't see Alabang glittering will densely-packed skyscrapers (well, low-risers will be expected near Barangay Ayala Alabang)?


they want to avoid low risers and high rise buildings being built side by side with each other just like what happened in makati.

The BeauFort showroom / model units will be located at the site of the proposed Chateau de Noble project pala.

http://i57.photobucket.com/albums/g227/tcc_0888/Beaufort/Slide6.jpg

Look at the rotunda on the map. It says "De Jesus Circle". There can only be one De Jesus Circle in BGC, and that's not it. The real one is the rotunda bounded by Icon, Avant, One McKinley, Pacific Plaza, and the Kasalikasan amphitheater and events venue.

So what is the real name of that rotunda northwest of Beaufort, with the "Balanghai" art piece?

What is the estimated completion date of this project?

^^ If they had given one before, I will not be surprised if it's going to be pushed back. Has this project been officially launched yet? Just that it's been awfully quiet in this thread for a while now with not much pertinent news/updates going on. Any activity at the site on this one?

Renovation/construction of the showroom is still ongoing, but they have already placed a "Beaufort" signage there.

The last time I was at the Fairways Tower, I saw the ongoing excavation at the project site.

But honestly, Filinvest has been quiet about the project. I don't see any press releases about the project. It 's not even talked about among broker-associates. Diba if you're hot, you're being talked about - in a positive way ha.... :) Hopefully, we'll hear more about the project within the next few weeks or months.

When will the model units be available for viewing, I would like to visit.

the showroom

http://i98.photobucket.com/albums/l255/dodecruz/IMG_1764.jpg

Does this mean Chateau de Noble shall not start the excavation in at least 2 years?

sometime last week - while waiting for the lift

http://i233.photobucket.com/albums/ee173/ma_beltran/081420081312.jpg

http://i233.photobucket.com/albums/ee173/ma_beltran/081420081313.jpg

Mukhang magiging mabilis ito.

Beaufort repackaged its price and payment scheme. :)


Furthermore, studio units and loft units are now available

^^ Hopefully the revised unit floor plan can be posted soon. Btw have they altered the pricing or just the scheme? And more importantly did they change/alter the original Arquitectonica design of The BeauFort as well? Hopefully not as it's really one of the better looking proposed buildings in BGC so far. :) :) :)




Sana nga mabilis ito. The quicker this building gets done the better for us unit owners at Fairways Tower para less disruption (especially noise and dust) for us ika nga. :) :) :)

Mukhang magiging mabilis ito.

any updates sa payment scheme & latest pricing pls?

tnx

wow they're already digging?! di sila maingay, i guess they just let their actions do the talking hehehe.

nasa good location ang bldg,kaya expensive ang per sq m. (130k):nuts:
i hope hindi magaya ito sa westparc FCC:bash:

what happened to Westparc?

indeed this is fast. i guess Filinvest would like to field some sort of branding here. they were able to deliver their Pioneer Pointe project right on time.

nasa good location ang bldg,kaya expensive ang per sq m. (130k):nuts:
i hope hindi magaya ito sa westparc FCC:bash:


ni-repackage na nila yung price.. nasa 120k na lang per sqm :)

The BeauFort showroom / model units will be located at the site of the proposed Chateau de Noble project pala.

hi, where exactly is the showroom of this project?

Beaufort repackaged its price and payment scheme. :)


Furthermore, studio units and loft units are now available

how much are studios and loft units? can i have a copy of the pricelist?

who has more info about this project? pls send me a msg :) thanks

have they altered the pricing or just the scheme? And more importantly did they change/alter the original Arquitectonica design of The BeauFort as well? Hopefully not as it's really one of the better looking proposed buildings in BGC so far. :) :) :)




Sana nga mabilis ito. The quicker this building gets done the better for us unit owners at Fairways Tower para less disruption (especially noise and dust) for us ika nga. :) :) :)

The design made by Arquitectonica was not, in any way, altered since the project's delivery is a testimony of just how serious Filinvest is. Well, just to give you an idea of how the units would more or less look like, try visiting our showroom.

I'll tour you around :D hahaha. Mas patok yung layout ng standard 2BR sa market pero iba pa rin pag larger ung space. :D

how much are studios and loft units? can i have a copy of the pricelist?

for some reason, Filinvest is not releasing any pricelist at the moment. One has to choose a specific unit and they will give you its computation. :ohno:

for some reason, Filinvest is not releasing any pricelist at the moment. One has to choose a specific unit and they will give you its computation. :ohno:

yep! that's the policy. :ohno:

hi, where exactly is the showroom of this project?

beside Furnitalia @ Rizal drive

I'm just wondering about the garbage disposal system. I'm all for a centralized garbage chute but what's the purpose of having airconditioned garbage room? Will that lessen the smell of the trash?

That's actually the main reason why the g-chute was situated in an enclosed area. The room being allocated an AC means that air inside is prevented from reaching the common areas and, more importantly, the units. Walang amoy. :lol: Bawal daw kasi mabaho, magagalit ang owners.

just a thought. they should have launched this when Beauwolf was being shown. :lol:

LMAO! Pero diba Beowulf un? Pero sige. Imagine Beowulf staying in one of the 3BR units at sisigaw sa balcony pagsikat ng araw. :lol:

beside Furnitalia @ Rizal drive

can i have the exact address of the showroom?

yep! that's the policy. :ohno:

howcome?

can i have the exact address of the showroom?

it's at Rizal Drive cor. 29th St., Bonifacio Global City, Taguig.

Hehe, look for me when you're there :P I'll be more than glad to tour you around. Plus, we serve drinks! hahahahaha :lol:

The weather's been unforgiving, careful careful.

so Yinyin, i'll expect a drink from you the next time i visit your showroom ha? :lol:

so Yinyin, i'll expect a drink from you the next time i visit your showroom ha? :lol:
Oh sure, rip. YOU're most welcome there. :D

Any updates regarding this project? Just wondering if there is activity at the site?

Here's what I have come across so far.

;29834304']http://farm4.static.flickr.com/3285/3130431675_4ece283a19_b.jpg
by lovine (http://www.flickr.com/photos/lovine/)

^^ Yes, I saw some activities in the site, taken 2/4

http://i530.photobucket.com/albums/dd350/RonnieR_2008/Beaufortshot2.jpg

http://i530.photobucket.com/albums/dd350/RonnieR_2008/Beaufortshot3.jpg

^^ Nice to know that construction activities are present. This building is a welcome addition to the Fort skyline.

i heard the offtake of the units are very slowwwwwwwwwwwwwwwwwww.

^^ is it slow? i heard otherwise...

anyhow, if so.. it just means that they came late in the game..

i heard the offtake of the units are very slowwwwwwwwwwwwwwwwwww.

^^ If true, it's too bad since this is one of the better looking buildings in the Global City.

Daming tao sa showroom niya the othe other day. There was even a street party for Beaufort near Burgos Circle.

Why fail? Looks like they started digging already. I have not seen a bad project by their architect.

i think this
will not
fail.

sayang naman.
one of the best
projects in BGC
imo.

sayang talaga.. masyado kasi pakialemero ang admin. :lol:

hi everyone! :cheers:

hi everyone, let me know if you are interested in beaufort. glad to help!:-)

have a nice day!

ilan na ang nagpa-reserve sa beaufort?


reserve na lang kahit hindi muna Official Sale para mas maganda basahin. :lol:

^^ or you can call it booked sales...

so is it really slow?

i heard it was taking-up fast...

masakit man sabihin.. pero mabagal talaga.

also, when i googled BeauFort, i got no ads. why is that? is this being marketed exclusively?

...finally i guess their silence would finally be broken...i was just recently updated that they already had their "Premiere" team to market Beaufort. Maybe the reason why this project really never made it that far in the market is the fact that it really never had a solid team to sell it. The price was an issue, but after it was addressed by the management, the payment schemes were made much easier and lighter, it won't be long Beaufort would finally make its mark in history as one of the best and successful residential property.
...and to add...after just a few days two units were closed...and more are coming as i have observed. so i guess there's little room to doubt now. :)

Premiere team? all they did was hire two more teams to add to its existing marketing team.. and the prices and payment schemes? they just made the split-type aircondition and the parking space optional to buy whereas before it was always included. But if you're really going to calculate it.. the prices are almost the same.


Ang tanong ko nga ehh.. umabot na ba sa 15 ang nagpareserve sa Beaufort mula nung nagground break ito last April? Hindi ko na tatanunging yung Official Sale status na.. mas masama ang lagay eh..


Take Note: West Tower pa lang ang pinaguusapan dito.. wala pa yung east.. kayo na magisip kung ano ang ratio.. kung mabilis nga o mabagal ang bentahan dito.

we'll see :lol: but it looks like its going to go well...