Pateros and Taguig City - Compiled Threads [Archive] - Page 19

3cr

August 4th, 2007, 12:01 PM

RLC earmarks P2.5 B for Fort condo project (St. Regis)

Robinsons Land Corporation is allotting around P2.5 billion to build a "very high-end" residential condominium building on a sprawling 9,118-square meter lot in Fort Bonifacio Global City.

RLC president Frederick Go said after the firm’s stockholders’ meeting yesterday that this is RLC’s fourth property to be acquired in Fort Bonifacio. Total cost for the four lots amount to P6 billion.

The new vacant property located along the Millionaire’s row at the corner of McKinley Drive and Fifth Avenue, is seen as the last remaining premier lot that has superior vantage point of Manila Golf and Manila Polo clubs.

Considered the best available spot and almost a hectare in size, this valuable corner lot property at the mouth of McKinley Drive is just beside the Regent Parkway.

Planned as the "lifestyle gateway" to the Global City, the property is composed of two mega-block lots—the first measuring 5,747 square meters and the second block measuring 3,371 sqm.

Go said RLC intends to fully maximize the value of the property by developing an upscale twin-tower residential project with the intent to bring a different level of lifestyle for its discerning target clientele.

RLC is seen to aggressively increase its presence in the area as it has already acquired and developing three strategically located prime residential properties in the Global City led by its two sold out projects, the 38-storey Fifth Avenue Place and the 43-storey McKinley Park Residences, as well as the recently launched, the Fort Residences.

"The newest acquisition reflects our continued confidence in the Global City, the real estate industry and the Philippine economy as a whole," said Go.

He said the firm is now drawing the overall master plan and aims to launch this new upscale development in the later part of this year with construction to start in two years and expected to be completed three years after that.

The acquisition also signals RLC’s continuous strategic land banking. The firm did not disclose the acquisition value of the new property. (JAL)

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

otsootso

August 4th, 2007, 11:59 PM

TheRick

August 5th, 2007, 03:19 AM

3cr

August 5th, 2007, 03:55 AM

^^ Wow such a great job you've done there otsootso! This is indeed going to be very helpful. Thank You! :okay: :okay:

mamang kartero

August 5th, 2007, 04:21 AM

wow, ganda ng perspective.

geebeng

August 5th, 2007, 04:41 AM

Ganda nga! Any pics of the North BGC?

portludlow

August 5th, 2007, 06:42 AM

MAY tanong po ako. :)
Hahaha. Um, have you guys seen Enderun Colleges sa Global City?

Any pictures?

More pictures at http://www.enderuncolleges.com/campusWYN_fort.asp#

http://www.enderuncolleges.com/images/our_campus/1.jpg

http://www.enderuncolleges.com/images/our_campus/2.jpg

http://www.enderuncolleges.com/images/our_campus/8.jpg

http://www.enderuncolleges.com/images/our_campus/9.jpg

flymordecai

August 5th, 2007, 01:28 PM

That looks very nice! It's located in a nice area as well.

otsootso

August 5th, 2007, 01:57 PM

thanks guyz - it's a google earth funtion called "add a polygon" where one can specify a height, it's really cool - hindi mad skills yan altho medyo matrabaho din. but will keep on adding and updating. not so sure about north BGC buildings pa other than Hanjin at saka W tower. Stay tower has to go in there too. St. Luke's hospital needs to be tweaked also pero wala akong makitang site development plan, mahirap kasi mag base sa model pictures lang.

mamang kartero

August 5th, 2007, 04:40 PM

ang galing mo talaga 88 !!

3cr

August 7th, 2007, 05:56 AM

Fellow members, anybody knows whatever happened to this project? They took it off their website. Bakit kaya? Mmmm...
new san jose builders' new project at the fort.,

http://www.thefortvictoria.com/

23rd St. Fort Bonifacio Global, Taguig City
----------------
looks pretty good., looks big! :)

http://i15.tinypic.com/4uo9sea.jpg

I was on flight via PAL and reading their in-flight magazine and i saw the ad for Fort Victoria (from New San Jose Builders, of Victoria Towers, Victoria Station etc), the location pala of Fort Victoria ay sa 23rd Street, which is at the back of Pacific Plaza. Wow pretty good location i must say. And units daw starts at 1.9M.

3cr

August 7th, 2007, 07:15 AM

Gotianun firm offering new shares to raise P20b
Manila Standard
http://www.manilastandardtoday.com/?page=business4_aug7_2007

Filinvest Development Corp. will conduct a follow-on offering aimed at raising as much as P20 billion in proceeds.

The company, in a disclosure to the stock exchange, said its board of directors approved the sale 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 corporation is currently evaluating its options regarding any potential fundraising activity, including the timing of such fundraising and the feasibility of the bond flotation,” the company said.

A source said the firm would push through with the offering since most of the shares would be sold to the international market, amid the current sluggish mood in the bourse.

Company shareholders have approved the reclassification of two billion preferred shares into two billion common shares.

The firm’s share prices closed at P6.30 yesterday, down P0.60 from Friday’s close of P6.90 per share.

Earlier, Filinvest Land Inc., the company’s real estate arm, also conducted a follow-on offering that raised as much P5.9 billion in proceeds, which will expand the company housing and office space developments.

Filinvest Development is the listed holding company of the Filinvest group of companies, which traces its origins to the consumer finance business established by Andrew Gotianun Sr. and his family in 1955.

The company’s revenues are contributed by its subsidiaries engaged in residential property development, commercial property development, banking and financial services, and information technology.

The company posted a net income of P1.6 billion in the first quarter of the year, up 952 percent from P150 million a year ago. Net revenues rose to P1.57 billion, up from P1.09 billion in 2006.

The company’s real estate operations contributed P2.8 billion in net revenues, up 268 percent from a year ago level while financial and banking services registered revenues of P372 million, up 12 percent.

The company expects to fast track in Seascapes Resort Town in Mactan Island, Cebu, which is a 12-hectare residential resort community that offers a 2.5-hectare beach club, fully furnished casitas, villas, condominiums and premium lots.

The company also plans to launch this year a project in Fort Bonifacio.

^^ The Lot adjacent to Fairways Tower is already acquired by Filinvest Land. The one fronting Pacific Plaza will be the location of Fort Victoria (i think so).

With 7th BTO project, i really think that the location will still be in Crescent Park West, maybe the property of PDIC right across The Fort Residences of Robinsons Land.

http://img181.imageshack.us/img181/5406/bgcom9.th.jpg

^^ Ahh so this is the site/lot pala that FilInvest will be developing in Fort Bonifacio they mentioned will be formally announced in the second half of the year. That's the last of the golf course view properties along Manila Golf if I'm not mistaken. Thanks for the info Phoenix! :)

3cr

August 8th, 2007, 04:08 AM

Thanks again for your Fort Boni updates Phoenix! Nice work Bro! Great Job! :okay: :okay:

Btw I see the Shang Grand location (corner of 4th and Rizal) in your map. Confirmed na ba that it will be on that site? Lot looks small for a 6 star Hotel.
Just that I was told before the Shang Hotel will be on a big lot along 5th Avenue. Just wondering curious lang naman if there was indeed a change.

An Architect told me that G&W joined the private bidding for the two lots of PDIC in BGC. So, it maybe on that lot right across The Fort Residences will be the site of their 7th BTO. Congrats kung nanalo sila sa Bidding. Their projects are selling well.

Here's an updated map of BGC, inedit ko lang sya thru Photoshop...

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

The lot beside Bonifacio Ridge, i think they will lease it out, that was the info from Bases Conversion & Development Authority (BCDA).

With the lots facing Manila Golf adjacent to Bellagio 3, idedevelop din daw ng Megaworld eh pati dun sa showroom nila.

Filinvest and FBDC confirmed it yesterday that Filinvest purchased the lot adjacent to Fairways. Congrats... (hopefully totoo sinabi nila)

Fort Victoria, not yet sure but at their website, its along 23rd Street eh...

Stay Tower, i think Hyopan have already changed the name of it.:lol:

laquacherra

August 8th, 2007, 06:25 AM

^^ i hate to sound like a snob BUT... fort victoria is beside shang grand & pacific plaza??? that's what i'd call sticking out like a sore thumb :nuts: :nocrook:

pau_p1

August 8th, 2007, 06:33 AM

oh.. that shang grand is now Infinity's showroom....

wow galing naman nung map... mas-clear!

3cr

August 8th, 2007, 07:43 AM

Pacific Plaza...
July 31, 2007
http://farm2.static.flickr.com/1086/964509526_660252c5a4_o.jpg
Photo taken by me :D

...will be covered by this?
new san jose builders' new project at the fort.,
http://i15.tinypic.com/4uo9sea.jpg
http://www.thefortvictoria.com/
23rd St. Fort Bonifacio Global, Taguig City

^^ i hate to sound like a snob BUT... fort victoria is beside shang grand & pacific plaza??? that's what i'd call sticking out like a sore thumb :nuts: :nocrook: ^^ Hehehe...Actually medyo nga out of place ang Fort Victoria between the iconic Pacific Plaza and the 6 star ShangGrand Hotel (their lot looks too small) which is why I'd much rather have a GW project there instead given a choice. Just that Gibs said in the 7th BTO thread that the same lot has been offered to them just last week. Sana hindi nasulot ng Fort Victoria para sa GW na lang di ba! Hint Hint Gibs! My opinion only of course. Guess we'll all find out soon enough... :)

Edmundtanso

August 8th, 2007, 05:07 PM

i hope fort victoria wont push through in front of pacific plaza, it is too boxy....ans i am sure the unit owners wont be happy because it is suppose to be cheap units, yikes...

dancethingy

August 8th, 2007, 08:32 PM

^^^ Cheaper units in fort bonifacio means more people in manila can afford it and i think that's great because it would be meaningless if Bonifacio would be a sole playground for the elite.

kunoL8

August 8th, 2007, 11:13 PM

^^ i do agree that BGC should be able to cater to people from all classes but fort victoria does seem out of place. i mean, it's surrounded by high-end condos. as laquacherra said, it sticks out as a sore thumb. and it's exterior doesn't compensate for being a mid-end project. it looks like an eastern bloc tenement. the least that they could've done was to make it mesh with the existing condos in the area.

vsamba

August 9th, 2007, 03:07 AM

whateverrrrr. that is the beauty of a free market economy.

kunoL8

August 9th, 2007, 04:13 AM

^^ i never said that the development should be scrapped because it isn't high end. i'm all for diversity. i just merely pointed out that its exterior doesn't mesh with the aesthetic already established by existing condominiums around it. :D

dunamis

August 9th, 2007, 04:22 AM

Saan kinuha yung location ng fort victoria? Baka naman di pa confirmed yung location niyan. Di nakalagay sa flyers yung location.

kunoL8

August 9th, 2007, 04:31 AM

^^it's going to be along 23rd st. if you visit www.newsanjosebuilders.com, you'll see it under fort victoria.

dancethingy

August 9th, 2007, 04:32 AM

The base is horrendous. So i am taking that the issue here is more architectural than it is about class status?

kunoL8

August 9th, 2007, 04:39 AM

^^ it's more of an architecture issue for me.

IsaRic

August 9th, 2007, 04:52 AM

it reminds me of a typical HongKong Apartment Highrise. Ever seen those things where they line up like 10 in a row? not nice...

and its supposed to be in 5th avenue? i thought this is the next Ayala Ave? hehe

OtAkAw

August 9th, 2007, 05:35 AM

"Rising above the rest". Well tama sila dun, sa pangit niyang yan, "stand-out" talaga. I'm at a loss kung bakit tinabi siya sa mga luxury condos.

laquacherra

August 9th, 2007, 05:49 AM

The base is horrendous. So i am taking that the issue here is more architectural than it is about class status?

yup! new san jose builders is not exactly known for aesthetically pleasing developments

Well New San Jose builders has been pretty steadily building this type of condo. More practical than flashy. Very near Lrt stops and malls.

futbolista

August 9th, 2007, 05:53 AM

i'm actually looking forward how this San Jose-PPT thing will go...

kalbongdad

August 9th, 2007, 06:47 AM

well, i agree...nde sya kagandahan....bgc should have a criteria on developments....it should all be...iconic bldgs...nde kahit ano na lang....

3cr

August 9th, 2007, 08:21 AM

http://farm2.static.flickr.com/1286/1011469978_8ca293bcdb_o.jpg
this shows the approximate height comparison of some known existing and future buildings based on an average of floor height of 10' - enjoy

Here's an updated map of BGC, inedit ko lang sya thru Photoshop...

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

new san jose builders' new project at the fort.,

http://www.thefortvictoria.com/

23rd St. Fort Bonifacio Global, Taguig City

http://i15.tinypic.com/4uo9sea.jpg
^^it's going to be along 23rd st. if you visit www.newsanjosebuilders.com, you'll see it under fort victoria.

Some observations...

Looking at the maps, 23rd Street is such a short street (1 block only di ba) to start with and since FilInvest confirmed getting the lot beside Fairways Tower already, then Fort Victoria will have to be on the opposite side of 23rd by Pacific Plaza. And looking closer at the Fort Victoria rendering, the podium architecture/design seems to have taken into account/consideration the lot shape created by the rotunda at 23rd corner 4th. Having said this if I were to make an educated guess, those said factors make me think that it may very well be the location as marked in the map. Well that's just my guess of course...:)

[dx]

August 9th, 2007, 09:56 AM

Is this still a part of BGC?

http://img369.imageshack.us/img369/8585/3684276in2.jpg

http://img404.imageshack.us/img404/931/3684466ba2.jpg

Every Nation | Photos by nujperez (http://www.panoramio.com/user/737085)

3cr

August 9th, 2007, 10:04 AM

^^ Yup that's still part of BGC together with these other projects listed below...

I wish that there will be more office buildings coming up soon...
So more possible renters... :lol:

I hope that a big percentage of people who bought condo units will actually live in it rather than have it rented out.
Baka mahirap mag pa rent if plenty of compettion... :ohno:

======================================

CONDOS................OFFICES..............SCHOOLS...............COMM./MALLS
Bonifacio Ridge.......St.Lukes Med........Bonifacio Tech........Market Market
Bellagio 1...............Singapore Chan....Bonifacio Stop.........Bonifacio High St.
Bellagio 2 ...............Net One..............Int. School.............NBC Tent
Bellagio 3...............Fort 26th.............British School..........The Fort
Forbeswood Hhts.....Net Square..........Japanese School......Sports Kamp
Parklane.................Net Cube............Phil Pub.Safety Coll...Speed Zone
The Icon................Net Plaza.........................................Car Plaza
Avant....................Fort Legends....................................Price Smart
One McKinley..........HSBC..............................................MC Home Depot
Pacific Plaza...........DOE................................................Hyundai Show.
Fairways Towers
Reagent Parkways
Essensa
5th Ave. Place
Seibu Tower
Luxe Residences
McKinley Park Res.
The Fort Res.
Grand Hamptons 1
Grand Hamptons 2
Sapphire
Blue Sapphire
Penhurst
Kensington
Fort Palm Springs
Chateau de Noble
Stay Tower
The Infinity
South of market
Serendra
Trion Towers
W Tower

Regis Residences
Fort Victoria
Shang Grand
*Filinvest Property

regjeex

August 9th, 2007, 11:25 AM

well, i agree...nde sya kagandahan....bgc should have a criteria on developments....it should all be...iconic bldgs...nde kahit ano na lang....

Anong magagawa natin kung yan ang design nila... Pagagalitan nyo ang may-ari? go ahead...Kung ano nakagalay jang design sa area na yan, well accept it kse sila ang may pera... I hate when people are arguing each other at mauwi pa sa away na yan lang ang dahilan...

mamang kartero

August 9th, 2007, 03:56 PM

i agree!

otsootso

August 9th, 2007, 06:17 PM

Reality is, it’s still the market that ultimately decides – I dunno, given the basic building concept/design and the apparently huge number of units and being located in BGC, it won’t seem a bad buy if their prices were at least 25-30% below competitor’s lowest prices. It would be worth paying more if they improved the design and/or reduce the number of units – my opinion. Parang sayang lang kasi yung prime location for an ordinary building design like that. But I also wonder how one can improve on the current design. Could they maybe design decent looking twin towers sharing a common podium? keep all parking underground?

TheRick

August 9th, 2007, 06:27 PM

I agree.

I think its a matter of taste. It will be hard to satisfy everybody's taste.
Some people want a simple and elegant look but hate modern futuristic look.
Some people prefer not so tall... others like really tall buildings...
Some people like alot of glass - some don't...

Ultimately its the market that decides... If they buy into the project and sells out then that means enough people like the building.
Maybe if they make the building fancier it would be more expensive to build...

If the developer makes such a bad design I'm pretty sure that with todays competion it would be a hard sell...

mamang kartero

August 9th, 2007, 06:32 PM

amen!

Go Global

August 9th, 2007, 10:47 PM

I just have one more wish for BGC... I hope it does not turn into a concrete jungle. A city needs to breath and have breathing space. Look what hapened to Greebelt Park. I remember the days when there was an aviary there and the park was a lot larger.

I hope that the parks in BGC that are designated as parks remain as they are....parks.

I have a suggestion for ALI... start planting trees at Crescent Park West and at all the other parks in BGC. It takes years before trees mature. It also won't be a bad idea if there are park benches along the way. For the moment, Crescent Park West looks more like a grass knoll than a park.

TheRick

August 9th, 2007, 11:56 PM

laquacherra

August 10th, 2007, 02:37 AM

^^ it's BGC, not FBGC :)

kalbongdad

August 10th, 2007, 06:56 AM

Anong magagawa natin kung yan ang design nila... Pagagalitan nyo ang may-ari? go ahead...Kung ano nakagalay jang design sa area na yan, well accept it kse sila ang may pera... I hate when people are arguing each other at mauwi pa sa away na yan lang ang dahilan...

i agree!

Reality is, it’s still the market that ultimately decides – I dunno, given the basic building concept/design and the apparently huge number of units and being located in BGC, it won’t seem a bad buy if their prices were at least 25-30% below competitor’s lowest prices. It would be worth paying more if they improved the design and/or reduce the number of units – my opinion. Parang sayang lang kasi yung prime location for an ordinary building design like that. But I also wonder how one can improve on the current design. Could they maybe design decent looking twin towers sharing a common podium? keep all parking underground?

I agree.

I think its a matter of taste. It will be hard to satisfy everybody's taste.
Some people want a simple and elegant look but hate modern futuristic look.
Some people prefer not so tall... others like really tall buildings...
Some people like alot of glass - some don't...

Ultimately its the market that decides... If they buy into the project and sells out then that means enough people like the building.
Maybe if they make the building fancier it would be more expensive to build...

If the developer makes such a bad design I'm pretty sure that with todays competion it would be a hard sell...

sige na nga agree na rin ako....bow....amen.... am wishing though that bldg design....even if they are not really that tall....at least maganda ba di ba...lam mo naman tayo mahilig sa maganda...hahaha

IsaRic

August 10th, 2007, 06:59 AM

the developers of Fort Victoria should see this thread! hehe

mamang kartero

August 10th, 2007, 07:36 AM

kalbongdad totoo yan mahilig tayo sa maganda. your being open-minded, mas maganda yan.

thomasian

August 10th, 2007, 08:57 AM

^^ it's BGC, not FBGC :)

Yes, the name "Fort Bonifacio" has been dropped, at least for the FBDC contolled area. A lot of non-SSCers still call the place Fort Bonifacio, or even interchange it with "The Fort", which is a commercial development within Bonifacio Global City. If we don't start calling it the proper name, it defeats the purpose of renaming a newly re-masterplanned world-class city together with a brand new logo for it...

http://i23.photobucket.com/albums/b358/thomasian/NewLogo_BGC.jpg

TheRick

August 10th, 2007, 02:01 PM

oooopps... BGC na pala... Thanks for the correction...

But sad to say the area will always be remembered by most Filipinos as "Fort Bonifacio"... Because it was named Fort Bonifacio area through out the years... If a Balikbayan who hasn't seen comes to the Philippines is asked "Let's go to BGC (Bonifacio Global City) chances he won't know where it is but if you say Fort Bonifacio... Most likely he'll know where it is...

That's the problem with changing names... "Fort Bonifacio" to "Fort Bonifacio Global City" to "Bonifacio Global City" or sometimes "The Fort"... People get confused.

I agree with you that it has to be called the proper name.

Dvorak

August 10th, 2007, 02:39 PM

some taxi drivers wont know where BGC is, they know it as Global City, Market Market and The Fort.

otsootso

August 10th, 2007, 04:38 PM

I think isa lang ang official name but it can have several nicknames. Nicknames are based on what is popular and unique – also they are usually short, easy to say and remember by the general public gaya ng The Fort, Global City

nayki

August 11th, 2007, 04:01 AM

Parang "MOA" lang yan ang tagal bago nag sync-in sa mga tao :lol:

Dvorak

August 11th, 2007, 04:08 AM

update - current water rates is at Php67.00 per cu/meter

3cr

August 11th, 2007, 10:13 AM

^^ Uy OK bumababa na ang presyo ng tubig sa BGC. That's good to hear! Thanks for the update Erwin! :)

ChicTown

August 12th, 2007, 09:47 PM

update - current water rates is at Php67.00 per cu/meter

:) :) Hope all is well with you, yours and everyone at Boni Ridge. Thanks for the new water rate in BGC. To me, the rate is reasonable because it equates to about US$1.49 per 265.17 US gals. (Php45/$1) or US$ 5.65 per 1,000 gals. used. I can live with that; it's the electricity rate that concerns me the most 'coz I tend to run the A/Cs at considerably low/cool settings. Well, it's a price to pay for comfort! Regards. :) :)

Dvorak

August 13th, 2007, 07:51 AM

OT: they held a meeting at Boni Ridge last Friday.. for the HOA daw.. did you receive an invite?

:) :) Hope all is well with you, yours and everyone at Boni Ridge. Thanks for the new water rate in BGC. To me, the rate is reasonable because it equates to about US$1.49 per 265.17 US gals. (Php45/$1) or US$ 5.65 per 1,000 gals. used. I can live with that; it's the electricity rate that concerns me the most 'coz I tend to run the A/Cs at considerably low/cool settings. Well, it's a price to pay for comfort! Regards. :) :)

ChicTown

August 13th, 2007, 08:13 PM

OT: they held a meeting at Boni Ridge last Friday.. for the HOA daw.. did you receive an invite?

:) Good to hear from you, Comrade. Hope all is well. I don't think they would bother sending me an invitation for they know that I'm still out of the country. Besides, our HOA dues for the year 2007 was paid in advance last November. Anything new at Boni Ridge that my sisters don't tell me or share with me? Thanks again for everything. Regards to you and yours!

Dvorak

August 14th, 2007, 04:04 AM

di rin ako pumunta.. i was asking kasi kung pupunta si Claudine.. eh hindi daw sure.. kaya di na rin ako pumunta! hahahahha

ChicTown

August 14th, 2007, 04:22 AM

di rin ako pumunta.. i was asking kasi kung pupunta si Claudine.. eh hindi daw sure.. kaya di na rin ako pumunta! hahahahha

@Dvorak, naniniwala ako sa iyo na nakakausap mo si Claudine. Can't blame you dahil walang inspiration so why attend. Nung bago pa ako sa Boni Ridge, naituro siya sa akin nang pamangkin kong si Princess Punsalan. Maganda, pero married na kaya di katalo. At my age and married tama na sa tingin. :ohno: Take care and regards.

Dvorak

August 14th, 2007, 04:35 AM

inde ko naman nakausap pare.. ang ibig kong sabihin eh.. i was asking "THE GUARD" kung pupunta si Claudine! heheheh :bash:

@Dvorak, naniniwala ako sa iyo na nakakausap mo si Claudine. Can't blame you dahil walang inspiration so why attend. Nung bago pa ako sa Boni Ridge, naituro siya sa akin nang pamangkin kong si Princess Punsalan. Maganda, pero married na kaya di katalo. At my age and married tama na sa tingin. :ohno: Take care and regards.

vsamba

August 14th, 2007, 04:45 AM

for a moment there i was envious, thinking that you personally know claudine.

thomasian

August 14th, 2007, 05:22 AM

From ayalamalls.com.ph

Bonifacio High Street

http://www.ayalamalls.com.ph/images/bhs/body/bhs-logo.gif http://www.ayalamalls.com.ph/images/gallery/BHS/bhsBesideDesc.gif

Bonifacio High Street is the newest place to be in and seen. This one-of-a-kind promenade offers rows of flagship stores, unique retail boutiques, office spaces, and interactive entertainment.

Shop, dine, work or do just about anything in this new hub anchored by a generously-sized activity park, almost a kilometer long and 40-meter wide. Bonifacio High Street - a true convergence point where business meets pleasure.

Quadrant 1
Bike King
Bo's Coffee
Oakley
Puma
Rudy Project
Scuba World
Texas Roadhouse Grill
Timezone

Quadrant 2
Animal land
Big and Small
Club Princess
David & Goliath
Hobbes & Landes
Krispy Kreme
Maxiworks
Picture Company
Wishbone

Quadrant 3
Apple
Crumpler
JBL
Nokia
Seattles Best Coffee
TGIF

Quadrant 4
Golf Depot
Mizuno
Speedo
Starbucks

Quadrant 5
Brothers Burger
Figaro
Healthy Options
Italianni's
Make Room
Regalong Pambahay

Quadrant 6
Bread Talk
Charles & Keith
Fish n' Company
Mini Shabu-Shabu
Philosophy
Springfield
Von Dutch
Wristpod

Quadrant 7
All Flip Flops
Benneton
CK Underwear
Crocs
Ecco
Kenneth Cole
Marks & Spencer
Nine West
Topshop

Quadrant 8
CII Office
Coffee Bean
Cosmetic Brand
Essences
Face Shop
Fruits & Passion
Lush
Natural Source
Shisheido
SSI beauty concept

kalbongdad

August 14th, 2007, 06:47 AM

laquacherra

August 14th, 2007, 07:34 AM

.....i have not been to bgc for quiet some time....na iintriga ako...hmmm i should sked a visit...and see for myself what the fuss is all about.... btw is the bridge that was designed by lor calma...already completed?

nope, construction has not started on that one. when were you last at bgc? a lot has changed since a year ago when boni high street was still u/c. now, on saturday nights, even the city center parking area is packed!

thomasian

August 14th, 2007, 07:53 AM

The biggest change that got us shocked was the underground parking of Serendra... nagpark kami... wahhh, di na pala libre tulad last year, sayang, ang mahal pa ng initial at succeeding per hour rates, we ended up parking at Market!2's parking building, flat rate pa.

Dvorak

August 14th, 2007, 07:59 AM

libre don sa residential.. sasabihin mo lang pangalan ni laquacherra! ehehheh :banana:

The biggest change that got us shocked was the underground parking of Serendra... nagpark kami... wahhh, di na pala libre tulad last year, sayang, ang mahal pa ng initial at succeeding per hour rates, we ended up parking at Market!2's parking building, flat rate pa.

thomasian

August 14th, 2007, 08:13 AM

^^ Ah ganun ba? Ate Lauren close na tayo simula ngayon ha! :D

dancethingy

August 14th, 2007, 08:53 AM

aaron! i see you've been frequenting the gym, ahem ahem

ChicTown

August 14th, 2007, 03:45 PM

inde ko naman nakausap pare.. ang ibig kong sabihin eh.. i was asking "THE GUARD" kung pupunta si Claudine! heheheh :bash:

:) Ok lang yun, Erwin. Paminsan-minsan sa hapon ay nag jojogging siya. Pag natiambahan mo, jogging kana rin at kausapin mo. Btw, her parents live in one of her units in the Spanish Bay Tower, and I met her husband last year. Ok at mabait naman sila, pero parang palaging nagmamadali. I guess pag Celebrity ay ganon na talaga. Yun lang ang napuna ko. Regards!:) :) :)

jericholic

August 14th, 2007, 04:45 PM

Meron ba kayo pics ng One World Square? Malawak daw yung mga floors dito. They made this para ndi na raw magrent ng multiple floors yung mga tenants.

Go Global

August 15th, 2007, 01:05 AM

nope, construction has not started on that one. when were you last at bgc? a lot has changed since a year ago when boni high street was still u/c. now, on saturday nights, even the city center parking area is packed!

Lauren, anong bridge ba yung pinaguusapan dito? Sabi ni Erwin, libre daw ang parking sa'yo...ok :colgate: . Ilan ang parking slots mo? Kasya ba ang Hummer?

kalbongdad

August 15th, 2007, 03:38 AM

nope, construction has not started on that one. when were you last at bgc? a lot has changed since a year ago when boni high street was still u/c. now, on saturday nights, even the city center parking area is packed!

The biggest change that got us shocked was the underground parking of Serendra... nagpark kami... wahhh, di na pala libre tulad last year, sayang, ang mahal pa ng initial at succeeding per hour rates, we ended up parking at Market!2's parking building, flat rate pa.

a little over a year na rin ata ako...nde nagagawi dyan...i frequent ayala...coz of business meetings...just can't seem to find time...to steer my way there....s lapit na yun....daan daanan ko lang on my way to the south

as to the parking fee in serendra...is it more expensive that greenbelt or glorietta?.....baka naman pareho..lang...

bustero

August 15th, 2007, 05:05 AM

laquacherra

August 15th, 2007, 11:15 AM

Lauren, anong bridge ba yung pinaguusapan dito? Sabi ni Erwin, libre daw ang parking sa'yo...ok :colgate: . Ilan ang parking slots mo? Kasya ba ang Hummer?

the pedestrian bridge that will connect low rise side of two serendra to the high rise side of two serendra crossing over 26th street... it was libre before but no longer coz now they've started turning over the parking slots to unit owners :)

P.S.- di kasya ang hummer mo :colgate:

TheRick

August 15th, 2007, 06:51 PM

This is a perfect time to check.
How is BGC affected by floods?

http://www.gmanews.tv/video/10433/Heavy-rains-from-typhoon-Egay-flood-metro-roads

http://www.gmanews.tv/video/10427/QTV-Commuters-stranded-by-metro-floods-traffic-jams

3cr

August 16th, 2007, 01:43 AM

^^ Good News Rick there had been no floods in BGC unlike some parts of Makati and other parts of Metro Manila.

Yup, the drainage is good here and it was tested during the big Milenyo typhoon last year! I heard somewhere that the rainy season has shifted to October to January instead of the usual July to October. It is actually quite dark outside now, and it is raining quite hard.

no flood in BGC TheRick.

kalbongdad

August 16th, 2007, 02:59 AM

that is nice to hear in this season of rain.....sana matuloy yung lrt being planned for bgc....kakainis magdala ng sasakyan dito sa manila...nde mo alam kung mai-stuck ka bigla...sa traffic o baha...

TheRick

August 16th, 2007, 03:19 AM

^^ Good News Rick there had been no floods in BGC unlike some parts of Makati and other parts of Metro Manila.

That's great to hear. :cucumber: :carrot: :banana: :pepper:

Thanks for the update!

raf

August 16th, 2007, 03:49 AM

you can also just park at the open parking lot besides hi street, it's flat rate 25 (mahal na nga yon for the fort). When it's full on sat evening you can street park for free.

Medyo mahina pa ang hi street, a lot of retailers are complaining wala pa iyung traffic, very intermittent, weekends night ok, sunday day ok, weekday patay, tagulan mas patay, it's the reason madami are taking their time to open, hopefully it matures in time. In the long run it's in the middle of the cbd.

some day, when people start complaining about heavy traffic beginning to form in the streets of fort boni--- is probably the only time when those high street retailers start making profits.

'bad traffic' is what businesses need, whether we like it or not:lol:

3cr

August 16th, 2007, 05:04 AM

What will they be building here on this lot with "future site of government center for business" signage?
http://img.photobucket.com/albums/v162/pau_p1/around%20manila/DSC04177_1.jpg

chito

August 16th, 2007, 05:14 AM

kalbongdad

August 16th, 2007, 06:05 AM

better a hotel than a government bldg...for sure pangit yan pag gov't bldg...dahil magtitipid...

3cr

August 16th, 2007, 07:41 AM

^^ well it was initially planned for a DTI Building. Its a center for investments I think! but i believe it was scrapped due to lack of funding! And there are reports that the site is being eyed for a hotel.

^^ Yup I've heard it is one of the few candidate sites for the future Shangri-la Hotel in Fort Boni.

^^ Nice one, hope it's for real. Their a bit gun shy sometimes. But definitely it would be nice if they pushed through with this one!

^^ I hope so too!

3cr

August 16th, 2007, 07:56 AM

^^ And here's Robbie's scoop...
Spoke to the GM of Discovery Hotels and he said that they are developing a hotel almost at the same time that the Kuoks are finalizing their plans for the Bonifacio Shangri-La Hotel and the upcoming Grand Hyatt. 5th Avenue will be at the center of it all. Quite exciting!

If I remember correctly both Waterfront and Metrobank (north area) also have hotel plans in Bonifacio Global City as well.

realtor_manila

August 16th, 2007, 04:55 PM

http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_2981.jpg

MetropolitanBoy

August 16th, 2007, 07:43 PM

Fill 'er up!!!

kalbongdad

August 17th, 2007, 04:21 AM

Fill 'er up!!!

amen....with gusto.!!!....

OtAkAw

August 17th, 2007, 04:02 PM

Bonifacio Shangri-La Hotel and Grand Hyatt sound like good names! I hope they push through with them. Lalong gumaganda ang FBGC sa bawat araw na dumadaan.

ewh1

August 18th, 2007, 01:57 AM

better a hotel than a government bldg...for sure pangit yan pag gov't bldg...dahil magtitipid...

from the renderings that were posted awhile ago, it was actually a really interesting beautiful building..

realtor_manila

August 18th, 2007, 04:40 PM

August 18, 2007

BGC is flood-free!

http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_3053.jpg

http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_3058.jpg

3cr

August 19th, 2007, 10:59 AM

Special Feature: 2nd Quarter Real Estate Report

(Business World (Philippines) Via Thomson Dialog NewsEdge) Water levels may have gone up this rainy season, raising the alarm bells for some sectors. But for the resilient real estate industry, which is now awash with investments, the rainy spell does not bring on the blues as the sector awaits to be flooded with more projects.

Having posted significant growth in the past four years, the local property sector looks more bent than ever in beating the dry spell that ravaged the industry in the late 1990s.

In the past two weeks alone, Eton Properties, Inc. launched the 41- storey Eton Emerald Lofts, Rockwell Land Corp. started the construction for the much-anticipated Number One Rockwell, DMCI Homes partnered with Equitable PCI Bank in developing the Riverside Residences, and One Asia Development Corp. jump-started its P100-million business park in Binan, Laguna.

Despite the storm of new projects, David Leechiu, president and general manager of property consultancy firm Leechiu & Associates, insists that supply across all segments remains tight, a lack that at this rate is expected to be relieved no sooner than by June next year.

Coupled with a corresponding deficit in quality stock, these factors are mainly responsible for the escalation of rent values in prime locations, although a widespread increase in land values is yet to be seen.

"Prices have stayed generally flat across Metro Manila and we are nowhere near pre-crisis values yet except in Fort Bonifacio, which makes it the safest place to invest in at the moment," Mr. Leechiu said.

Land values at Fort Bonifacio in Taguig dropped by as much as 50% in the 1997 crisis but have seen a hundred percent increase since the Bonifacio West Development Corp. -a joint venture of Greenfield Development Corp. and Ayala Land Corp. - took over its development, making the area the country's top sales performer in recent months.

Of the central business districts, Makati still holds the prime spot, with average asking prices ranging from P250,000 to P300,000 per square meter. Ortigas, which reached a low of P90,000 per square meter from a peak of P180,000 per square meter in 1997, is now trading between P110,000 and P120,000 per square meter, Mr. Leechiu said.

Despite its 100% occupancy rate in office space, Fort Bonifacio, remains comparatively cheap at P175,000 to P215,000 per square meter, making it a favorite alternative to the Makati central business district.

"We now see a lot of migration to Fort Bonifacio in all segments. Being in close proximity to Makati, many locators choose Fort Bonifacio because it has a well-planned, well-constructed environment that is only one step away from the Makati facilities that they have gotten used to," he said.

According to the latest Colliers International Philippine Property Overview, there had been a 20% increase in office space rents in the second quarter due primarily to the dearth of quality office supply, a factor that has hindered companies from opening businesses in the country since 2005.

Monthly lease rates for premium office space in Makati are now at the P1,200-per-square meter level while Fort Bonifacio is up to P750 per square meter. Meanwhile, for other districts, monthly lease rates are still at the P400- to P600-per-square meter transaction range.

Mr. Leechiu has pegged Fort Bonifacio's annual rate increase at seven to eight percent for the next three to four years, while Makati accrual is calculated at five percent for the next two to three years before slowing down to two percent.

As available space in these two areas will continue to be limited, a significant amount of future office space supply can be found from emerging business districts such as Eastwood City, Binondo and Old Manila.

Next year will bring good news to the business process outsourcing (BPO) sector, which continues to be the main driver for office space demand, as the number of available supply coming on-stream will double towards the third and fourth quarter, offering more quality stock to choose from.

Tight supply in commercial space will be slightly relieved with the completion of the Ayala Center Building Glorietta 5 and the Dela Rosa e- Services Building in Makati, the Total Corporate Center in Fort Bonifacio, and the One E-Com Center at the SM Central Business Park in the Bay area before mid-2008.

Residential development

And as Metro Manila population continues to increase, condo living is fast becoming the habitat of choice for reasons of cost and practicability.

An estimated 23,000 units is due for completion before 2010, 60% of which will be situated in Fort Bonifacio and Makati, with the remaining 40% scattered across Quezon City, Mandaluyong, Las Pinas and other Metro Manila districts. A big chunk of supply will cater to mid to upper market, while small percentage of the total is targeted for the low-end market.

The steady inflow of overseas foreign worker (OFW) remittances, now reaching all-time highs, assures the continuance of strong demand in the residential market.

"Lately, we have seen a shift from semi-skilled workers to high-end professionals leaving the country to work abroad and despite their high- paying jobs, they are still not covered by expatriate packages where the company pays for the whole family's expenses. This in turn becomes a good motivator for OFWs to continue sending money to the Philippines," Mr. Leechiu pointed out.

Single-digit mortgage rates and easier payment schemes will result in more retail purchases from the middle class in the years to come. For professionals, Mr. Leechiu said there's a growing preference for centrally located condominium units over suburban houses in distant locations such as Las Pinas and Rizal.

Another significant source of investment demand are the local families who had parked money abroad during the Asian financial slump, but are now pre-terminating their placements and transferring them back to the Philippines.

Despite visible demand and propitious property forecasts, Mr. Leechiu warns developers against building too much stock. With debt restructuring being made available to developers both big and small, real estate corporations have been able to raise bonds at a much lower rate.

"These companies have done IPOs or secondary or even third offerings and raised a lot of cash through the stock market. They've been able to joint venture with other institutional big players. This means that there is a lot of money flowing into the system," he said.

Instead, Mr. Leechiu reminds developers to consciously watch the demand and supply situation.

[I]Copyright 2007 Business World Publishing Corporation, Source: The Financial Times Limited

dunamis

August 20th, 2007, 04:11 AM

STI to put up 8-story academic center
By Zinnia B. Dela Peña
Monday, August 20, 2007

Information technology school STI is putting up an eight-storey modern Academic Center in the growing Bonifacio Global City in Taguig as part of its P1.5 billion expansion program.

STI was awarded a lease contract by the Bases Conversion Development Authority over a 2,632 square meter lot in Bonifacio Global City after edging out the other bidder Britesparks International School.

The Academic Center will house a modern school offering technical/vocational baccalaureate and post-graduate programs, a research center and development center and state-of-the-art gymnasium.

STI president and chief executive officer Monico Jacob said the building is slated for completion next year.

“The completion of the STI Academic Center in Bonifacio Global City is the best way for the whole STI community to celebrate its silver anniversary in 2008. It marks another milestone for STI as it continues to be a leading institution in human resource development in the country,” Jacob said.

The Academic Center lot is located at the entrance of the University Park/Institutional Area along 32nd Avenue, one of the main thoroughfares in Global City, and directly across the retail hubs of Market!Market!, Serendra and Bonifacio High Street.

The bidding, however, is subject of a Congressional inquiry.

Britesparks was declared “non-compliant” for failure to comply with some provisions of the Terms of Reference (TOR) for the bidding, especially on the minimum upfront cash requirement. For one, Britesparks’ proposal showed an upfront cash of only P3 million, short of P553,200 to meet the minimum requirement of P3,553,200.

On the other hand, STI proposed an upfront cash of P6.04 million, the BCDA said.

STI recently put up the DLS-STI Megaclinic in Megamall, invested in Delos Santos-STI Medical center and acquired properties in various areas nationwide for future expansion.

Throughout its more than 20 years of experience in ICT-centered education, STI has developed a comprehensive portfolio of bachelor courses, diploma, and certificate programs in the field of Information and Communications Technology, Healthcare, Business, Education, and Engineering.

STI currently has over 100 campuses strategically located across the country, making its mark as the largest network of colleges in the country.

Sinjin P.

August 20th, 2007, 06:22 AM

STI to build academic center in Global City (http://www.businessmirror.com.ph/08202007/economy03.html)
EIGHT-STORY P250-M COMPLEX TO HOUSE MODERN SCHOOL, R&D CENTER AND GYM

By Honey Madrilejos-Reyes
Reporter

STI, one of the leading and largest educational institutions in the country, is building a P250-million academic center in the posh Bonifacio Global City in Taguig.

The eight-story complex will house a modern school, a research and development center and state-of-the art gymnasium.

“After being awarded the lease contract by the Bases Conversion and Development Authority for the Campus Gateway property, STI is now geared up for the construction of the building due to be completed in 2008,” said STI president and chief executive Monico V. Jacob.

The facility forms part of the P1.5-billion expansion program of STI, which also includes the recent establishment of the Delos Santos-STI Megaclinic in SM Megamall, investments in Delos Santos-STI Medical Center and the ongoing expansion of STI campuses through acquisition of properties in several areas all over the country.

Earlier, STI and ePLDT, through Ventus Contact Centers, signed a memorandum of agreement to help address the fast-growing manpower requirement of the business process outsourcing (BPO) industry in the Philippines.

Under the agreement, ePLDT will provide a Customer Service Representative (CSR) training program that will be embedded as an elective in the Bachelor of Science in Information Technology curriculum of STI.

This special elective course focuses on call-center fundamentals (with special focus on English proficiency). The program will run for two semesters and will include a training program for teachers that will ensure that STI graduates will be equipped with skills that meet the standards of the BPO industries.

Graduates of the program can take the preemployment qualification exam of e-PLDT to immediately be employed as CSRs or technical support representatives in one of their seven sites. They also have the option to use their training to have job-placement opportunities in other call centers.

The BPO industry here generates around 200,000 jobs or more every year.

kalbongdad

August 21st, 2007, 03:28 AM

hopefully the bldg design...will be pleasing to the eye and environment friendly

bustero

August 21st, 2007, 05:00 AM

Where this, near the former safety center?

dunamis

August 22nd, 2007, 03:33 AM

This is near Every Nation, IS and PNOC along 32nd st and University Ave in BGC.

laquacherra

August 22nd, 2007, 04:35 AM

August 21, 2007

dusk @BGC

http://i68.photobucket.com/albums/i37/llaurenversion3/dusk.jpg

http://i68.photobucket.com/albums/i37/llaurenversion3/dusk2.jpg

kalbongdad

August 22nd, 2007, 05:12 AM

nice pics ninoy day kahapon nde bonifacio day....kainis i can't find time to go there.....ganda na pala ng bgc

3cr

August 22nd, 2007, 08:31 AM

^^ Yup I agree! Very Nice indeed Lauren! Thanks for sharing these wonderful pics Sista! :) :) :)

3cr

August 22nd, 2007, 08:53 AM

new san jose builders' new project at the fort.,
http://www.thefortvictoria.com/
23rd St. Fort Bonifacio Global, Taguig City
http://i15.tinypic.com/4uo9sea.jpg

I was on flight via PAL and reading their in-flight magazine and i saw the ad for Fort Victoria (from New San Jose Builders, of Victoria Towers, Victoria Station etc), the location pala of Fort Victoria ay sa 23rd Street, which is at the back of Pacific Plaza. Wow pretty good location i must say. And units daw starts at 1.9M.

OK guess now it's confirmed that The Fort Victoria project in BGC will indeed be located at the
lot by the rotunda along 23rd Street across Pacific Plaza based on this pre-selling ad...

Pre-Selling Condo: FORT VICTORIA, GLOBAL CITY as low as Php1.9M
Location: Fort Bonifacio, Global City (infront of Pacific Plaza)
Area Size: Starting at 45 square meters or 0.01 acres
Details: 2 bedrooms and 2 bathrooms
Price: P1,900,000 (about P42,222 per sqm.)
Amortization: 10yrs@10%, 20yrs@10%, 10yrs@12%, 20yrs@12%
Features: amenities, view of golf course and makati skyline
Remarks: Good Investment. Affordability in Fort Bonifacio is now possible with these project. Be one of the first 50 buyers to avail of the special price of Php1.9M

^^ Wow. I think the relatively cheap price and its BGC location (across Pacific Plaza), makes this Fort Victoria project a highly viable and potentially very good investment unit purchase, perhaps even better than Stamford in McKinley Hills (for about the same price range) to lease/rent out IMHO. Looking forward to finding out more about this project. Just can't help but kinda feel bad for some Pacific Plaza unit owners whose future unit view will be a parking structure as it looks like this project will have above ground parking. Such a pity...

http://www.triontowers.com/northwest.jpg

Here's an updated map of BGC, inedit ko lang sya thru Photoshop...
http://img504.imageshack.us/img504/3205/bgccl0.jpg

mhico12

August 22nd, 2007, 09:07 AM

is there a portal for on going projects? anyone?

3cr

August 22nd, 2007, 11:05 AM

Fort Boni pic taken by Unsweet and posted by Isagani. Thank You! :) :) :)
Photos by Unsweet
taken August 17 (to 21?)
http://i9.photobucket.com/albums/a91/EnozAnewor/Unsweet00.jpg

kalbongdad

August 23rd, 2007, 04:19 AM

ganda sana....pic...kung naka pan sa right pa ang camera...

illinoispt

August 23rd, 2007, 05:00 AM

OK guess now it's confirmed that The Fort Victoria project in BGC will indeed be located at the
lot by the rotunda along 23rd Street across Pacific Plaza based on this pre-selling ad...

Pre-Selling Condo: FORT VICTORIA, GLOBAL CITY as low as Php1.9M
Location: Fort Bonifacio, Global City (infront of Pacific Plaza)
Area Size: Starting at 45 square meters or 0.01 acres
Details: 2 bedrooms and 2 bathrooms
Price: P1,900,000 (about P42,222 per sqm.)
Amortization: 10yrs@10%, 20yrs@10%, 10yrs@12%, 20yrs@12%
Features: amenities, view of golf course and makati skyline
Remarks: Good Investment. Affordability in Fort Bonifacio is now possible with these project. Be one of the first 50 buyers to avail of the special price of Php1.9M

^^ Wow. I think the relatively cheap price and its BGC location (across Pacific Plaza), makes this Fort Victoria project a highly viable and potentially very good investment unit purchase, perhaps even better than Stamford in McKinley Hills (for about the same price range) to lease/rent out IMHO. Looking forward to finding out more about this project. Just can't help but kinda feel bad for some Pacific Plaza unit owners whose future unit view will be a parking structure as it looks like this project will have above ground parking. Such a pity...

Any further info regarding this project ... do we have any thread for this project yet?

3cr

August 23rd, 2007, 07:53 AM

^^ No official thread yet as far as I know. Not much info as well. Even the project website is still under construction. I don't even know if this project has been formally launched yet. San Jose builders daw ang developer.

TheRick

August 23rd, 2007, 10:26 AM

laquacherra

August 23rd, 2007, 10:36 AM

If this is true: @ P1.9M (P42,000 sq.m) that is indeed very low price!

Fort Victoria 45 sq.m @ P1.9M vs
a) Stamford Residences 22.5 sq.m @ approx P1.5M
b) BTO Projects 48 sq.m @ approx P3.0M

Its almost too good to be true. :crazy2:

yeah, i agree. but then again, in most cases... you get what you pay for. in this case, finishes and amenities may be (to quote the developer) "guaranteed cheaper than other competitors" as well.

3cr

August 23rd, 2007, 11:20 AM

^^ :lol: :lol: :lol:
That slogan of their's is really tacky. Could have used "most affordable" instead of "guaranteed cheaper". But seriously I hope Fort Victoria won't look too cheap eventhough the pricing is really cheap. Cheaper than Seibu and Stamford so this will have to be a high density project which may not be an ideal residential unit prospect but really very good rental unit/property for the price. Can cater to the call center type employees. I'm sure there is a catch somewhere but as long as the project gets delivered, heck it's in BGC with partial views of Manila Gold and Polo Club as well as a full view of the majestic Pacific Plaza are an added bonus for sure though kawawa ang Pacific Plaza with what seem to be an elevated parking structure. :ohno: :ohno: :ohno:

If this is true: @ P1.9M (P42,000 sq.m) that is indeed very low price!

Fort Victoria 45 sq.m @ P1.9M vs
a) Stamford Residences 22.5 sq.m @ approx P1.5M
b) BTO Projects 48 sq.m @ approx P3.0M

Its almost too good to be true. :crazy2:

3cr

August 23rd, 2007, 11:51 AM

More Fort Bonifacio Global City pics...
http://www.triontowers.com/northwest.jpg
http://www.triontowers.com/north.jpg
http://www.triontowers.com/northeast.jpg

TheRick

August 23rd, 2007, 05:41 PM

yeah, i agree. but then again, in most cases... you get what you pay for. in this case, finishes and amenities may be (to quote the developer) "guaranteed cheaper than other competitors" as well.

^^ :lol: :lol: :lol:
That slogan of their's is really tacky. Could have used "most affordable" instead of "guaranteed cheaper". But seriously I hope Fort Victoria won't look too cheap eventhough the pricing is really cheap. Cheaper than Seibu and Stamford so this will have to be a high density project which may not be an ideal residential unit prospect but really very good rental unit/property for the price. Can cater to the call center type employees. I'm sure there is a catch somewhere but as long as the project gets delivered, heck it's in BGC with partial views of Manila Gold and Polo Club as well as a full view of the majestic Pacific Plaza are an added bonus for sure though kawawa ang Pacific Plaza with what seem to be an elevated parking structure. :ohno: :ohno: :ohno:

If that is the price 45 sq.m @ P1.9M then I agree i'm sure it would be a very good rental...
or you can buy and combine 2 units or a 3 bed unit and do the finishing yourself.

I could understand why the BTO projects are lower in price compared to the Megaworld, Serendra and other projects in BGC.
@P42,000 per sq.m. that is really a steal.

But sometimes (like what laquacherra said) you get what you pay for. :lol:
Its such a signifficant discount compared to the BTO, Seibu prices and to think that lots in BGC is getting harder to acquire.
I would think that prices couldn't go any lower than what the most affordable projects could offer.

satchel

August 23rd, 2007, 06:30 PM

i had an oportunity to inquire about fort victoria from the sales people on-site at victoria towers on timog avenue (another san jose builders project). they said that the unit lay-out of fort victoria will be similar to the lay-out of the other san jose projects in manila. actually, halos same lang ang lay-out ng victoria towers, victoria station, at yung victoria condo on taft avenue. the price is cheap kasi bare unit ang turnover nila. yung tipong ready-to-receive finishes pa lang. at hi-density talaga. their current projects have 30-40 units per floor. yung type of building na merong interior units na walang view at all. you can also combine units but you get two cct's rin para vat-free pa rin lumabas (di ba, if the condo cost is less than 2.5M, vat-exempt yung sale?)

the model units sa victoria towers are surprisingly decent. simple lang pero sulit na rin for the price. yun nga lang ang dami mo talagang kapitbahay.

i actually commend the developers for doing their share in making bgc less elitist. just my opinion.

flymordecai

August 23rd, 2007, 09:16 PM

Are the low-rise buildings like the Hyundai Showroom, Bonifacio Stopover, etc. temporary?

--SuperB0y--

August 24th, 2007, 12:24 AM

i visited one of san jose's building, the francesca's tower in timog. it's really "cheap" looking hehe. as in may pipes exposed sa labas ng building and sa ceiling sa corridors. ala pa silang nate-turn-over sa Victoria series nila, so its still a mystery kung maganda yung gawa. i do hope na maganda naman.

just a note, that 1.9M comes bare. as in alang-alang laman and inner unit. lagay mo rin yung renovation for the unit, lets say 10K/sqm so yung 40sqm = 400K.

all in all, 2.3M for a 40sqm bi-level inner unit at BGC.

the location is unbeatable, likod ng pacific place at di malapit na american memorial.

this is tempting actually.

TheRick

August 24th, 2007, 12:51 AM

vsamba

August 24th, 2007, 03:34 AM

wow! beautiful. the cheapest condo in bgc will soon be standing shoulder to shoulder with the most expensive condo.
the middle class will be rubbing elbows with the upper class. there is a god.

kalbongdad

August 24th, 2007, 03:42 AM

wow! beautiful. the cheapest condo in bgc will soon be standing shoulder to shoulder with the most expensive condo.
the middle class will be rubbing elbows with the upper class. there is a god.

and feel bad and envious of their neighbors...hahaha

thomasian

August 24th, 2007, 03:51 AM

It will only emphasize the social gap between them.

kalbongdad

August 24th, 2007, 03:56 AM

wow! beautiful. the cheapest condo in bgc will soon be standing shoulder to shoulder with the most expensive condo.
the middle class will be rubbing elbows with the upper class. there is a god.

It will only emphasize the social gap between them.

amen....and slowly turn them into monsters trying to keep up with the joneses....

TheRick

August 24th, 2007, 04:14 AM

But it does give them a chance to live and experience BGC...
People having a limited budget that wants to live in BGC - this might be one of the few chances they have.

Complete contrast, the project will be beside among the most expensive condos in BGC.

3cr

August 24th, 2007, 04:51 AM

Pacific Plaza...
July 31, 2007
http://farm2.static.flickr.com/1086/964509526_660252c5a4_o.jpg
Photo taken by me :D

...will be covered by this project
new san jose builders' new project at the fort.,
http://i15.tinypic.com/4uo9sea.jpg
http://www.thefortvictoria.com/
23rd St. Fort Bonifacio Global, Taguig City

So Fort Victoria projects (or atleast Fort Victoria BGC) will be delivered bare pala kanya naman napaka mura bilhin. Because of its affordable pricing and payment scheme/structure, this is the type of project that will be good as rental property (catering to local call center or even makati financial district employee types) or for the first time home buyer who would otherwise be priced out of the Global City. I'm actually more concerned on how this building will fit in with the rest of the higher end projects along that side of Crescent West. I just hope the project will not be cheap looking because it will only accentuate the obvious being so close to Pacific Plaza. Given that Fort Victoria is expected to be a let down architecturally compared to the majestic Pacific Plaza, it is my hope this project will eventually be blocked by another future project (hopefully a better looking one) along 23rd St. and Fifth Ave, on both sides. Filinvest is already planning to build a high-end twin tower project opposite Fort Victoria in that last remaining golf course view lot by the rotunda along Fifth Avenue and 23rd St.

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

Inquirer Money - TOP STORIES

Filinvest Development profit up 457% at P1.9B
August 23, 2007
Updated 05:52:47 (Mla time)
Inquirer

Filinvest Development Corp., the holding firm of the Gotianun family, reported Wednesday that its net income surged 457 percent to P1.9 billion in the first half from P347 million in the same period last year, due mainly to one-time gains from the sale of a subsidiary’s shares.

Net revenues reached P4.26 billion, up 81 percent year-on-year from P2.35 billion, it said.

The first-half income included P1.3 billion in net extraordinary gain from the sale of Filinvest Alabang Inc.’s shares in Filinvest Land Inc. during Filinvest Land’s follow-on offer last February.

Excluding the one-time gain, Filinvest Development’s net income would have been P639 million, up 84 percent from the first half of last year.

Filinvest Alabang is a commercial property and condominium developer. Its flagship project was the conversion of the 244-hectare Alabang Stock Farm into a mixed-use urban center known as the Filinvest Corporate City in the suburban town of Alabang.

Filinvest Land is a subsidiary of Filinvest Development and is one of the country’s leading real estate developers.

The real estate business contributed P3.4 billion to net revenues of Filinvest Development in the first half, up 91 percent from 2006.

Filinvest Land’s projects were on track with 10 new affordable and middle-income residential projects schedule for launch this year, said Josephine Gotianun-Yap, president of Filinvest Development.

Filinvest Alabang has seven condominium projects under construction -- six residential and one office project, she added.

Filinvest Development is also developing a 12-hectare residential resort community on Mactan Island, Cebu, dubbed Seascapes Resort Town, which will have a 2.5-hectare beach club and fully furnished casitas, villas, condominiums. Construction of the beach club and casitas is to be completed by end-2008.

Another Filinvest Development project is a two-tower residential condominium in Bonifacio Global City, near the Makati business district, scheduled for launch in the fourth quarter.

Financial and banking operations accounted for P812 million of net revenues, up 23 percent from the first half of last year, with increased higher interest income on consumer loans of East West Bank. With INQUIRER.net

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

3cr

August 24th, 2007, 05:23 AM

Fort Victoria probably needs its own thread but I think it’s a bit early to judge this development – if I remember right the owners are themselves the builders/contractors so tha is a competetive advantage. I just wish they would do something about what seems to be a parking garage on the lower floors or make it more attractive and pleasing to the eye and make it look less of a parking garage and unify it with the main tower/s at least along 5th avenue kasi kita lahat sa dami ng dumadaan doon. That should improve their aesthetics and boost sales. Sa BGC kasi aesthetics is very important if one is to compete. How high are these towers? Any site development plans yet?

^^ You think Fort Victoria will extend up to 5th avenue? Is this project going to be that big/massive? I would hope not. I'm hoping they'll just get a small quadrant.

http://www.triontowers.com/northwest.jpg

3cr

August 24th, 2007, 05:57 AM

Some Fort Boni pics courtesy of NorthshorE. Thank You!
July 2007

BGC after a heavy downpour

http://i213.photobucket.com/albums/cc278/Northshore380/07-07-13_14-46.jpg

Bonifacio High Street

http://i213.photobucket.com/albums/cc278/Northshore380/07-07-13_15-061.jpg

http://i213.photobucket.com/albums/cc278/Northshore380/07-07-13_15-06.jpg

3cr

August 24th, 2007, 08:26 AM

Some BGC pics courtesy of Aldrin/Double_bee. Thank You! :) :) :)

Grand Hamptons

http://i155.photobucket.com/albums/s282/aldrinbee/GH01.jpg

http://i155.photobucket.com/albums/s282/aldrinbee/GH02.jpg

http://i155.photobucket.com/albums/s282/aldrinbee/GH03.jpg

Fairways Tower

http://i155.photobucket.com/albums/s282/aldrinbee/3CR.jpg

Serendra

http://i155.photobucket.com/albums/s282/aldrinbee/SERENDRA02.jpg

http://i155.photobucket.com/albums/s282/aldrinbee/SERENDRA01.jpg

High Street...

http://i155.photobucket.com/albums/s282/aldrinbee/HIGHSTREET02.jpg

http://i155.photobucket.com/albums/s282/aldrinbee/HIGHSTREET06.jpg

http://i155.photobucket.com/albums/s282/aldrinbee/HIGHSTREET04.jpg

BGC from American Cemetery...

http://i155.photobucket.com/albums/s282/aldrinbee/AMCEM02.jpg

http://i155.photobucket.com/albums/s282/aldrinbee/AMCEM01.jpg

http://i155.photobucket.com/albums/s282/aldrinbee/AMCEM03.jpg

http://i155.photobucket.com/albums/s282/aldrinbee/AMCEM04.jpg

vsamba

August 25th, 2007, 02:07 AM

very relaxing pics

laquacherra

August 25th, 2007, 03:34 AM

^^ rest in peace? :colgate:

just kidding :lol: :nocrook:

thomasian

August 25th, 2007, 11:03 AM

Picture taken last Aug 22, 2007.

Fort Legend Towers - On-going construction with the blue crane.

The ongoing construction at the back (with the yellow crane) is St. Lukes' Hospital.

http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_3211.jpg

Thanks ate Cynch for the pic. :okay:

I'm not too happy with the location of S&R Price/PriceSmart and MC Home Depot, para kasing it divides North Bonifacio from the City Center instead of having it seamlessly blended with it.

MetropolitanBoy

August 25th, 2007, 11:41 AM

I agree. I'm sure these companies are only renting the lots that they're sitting on. Why doesn't Ayala or Metro Bank develop that area now? So much press release but no major movements. :(

basti

August 25th, 2007, 09:34 PM

Here's the first batch of pics I took.
Sorry, medyo malabo, pangit ang panahon kanina.

http://i136.photobucket.com/albums/q179/asph80/bonifacio1.jpg

http://i136.photobucket.com/albums/q179/asph80/bonifacio2.jpg

http://i136.photobucket.com/albums/q179/asph80/stlukes.jpg
St. Luke's

http://i136.photobucket.com/albums/q179/asph80/bonifacio4.jpg

http://i136.photobucket.com/albums/q179/asph80/bonifacio6.jpg

http://i136.photobucket.com/albums/q179/asph80/pacific2.jpg

http://i136.photobucket.com/albums/q179/asph80/pacific3.jpg
Buti nakuhanan ko ito ng may ilaw, kasi pagkalagpas ng ilang minuto, pinatay na nila

More pics to follow.... of Serendra and Bonifacio High Street
(Ang GANDA. Parang nasa ibang bansa)

satchel

August 26th, 2007, 06:33 AM

konteng ingat lang po

http://must.multiply.com/journal/item/20/Thieves_in_Serendra_and_High_Street

jericholic

August 26th, 2007, 05:52 PM

Does anyone have pics of the One World Square building at McKinley Hills? Malaki raw ang isang floor dito parang sa Cybergate ng Robinson's.

vsamba

August 27th, 2007, 05:16 AM

basti, thanks for the pics .

Dvorak

August 27th, 2007, 12:30 PM

some High Street pics

fully booked
http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0693.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0696.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0722.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0723.jpg

view from Starbucks
http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0698.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0699.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0700.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0701.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/IMG_0697.jpg

kalbongdad

August 28th, 2007, 04:10 AM

nice pics...yung green na bldg ano ba yan...two serendra na...

laquacherra

August 28th, 2007, 04:59 AM

August 27, 2007

The Fort Bus Stop @ 11th Ave

http://i68.photobucket.com/albums/i37/llaurenversion3/busstop.jpg

kalbongdad

August 28th, 2007, 05:19 AM

nice...wide sidewalks....

laquacherra

August 28th, 2007, 07:30 AM

August 27, 2007

construction ongoing at the roof deck of Fully Booked

http://i68.photobucket.com/albums/i37/llaurenversion3/fully.jpg

3cr

August 28th, 2007, 09:21 AM

Just an on-going update on the future Fort Boni railway...

PHILIPPINE RAILWAY MODERNIZATION PROGRAM

NORTHRAIL PROJECT (Chinese Funded):
Phase 1 Section 1: Caloocan to Malolos 32km 2009
Phase 1 Section 2: Malolos to Clark 48km 2010
Phase 2: Clark to Subic 50km(New!!!) 2011
Phase 3: Caloocan to Fort Bonifacio 12km 2011 Priority Project
Phase 4: Clark to San Fernando, La Union to Poropoint 140km 2012
NORTHRAIL PIPELINE:
San Fernando to Loag 200km(New!!!) Planning Stage
Bulacan to San Jose 50km(Rehab) Planning Stage
Tarlac to Cabanatuan to Tuguegarao 50km+300km(Rehab & New!!!) Planning Stage
Loag to Tuguegarao 100+km(New!!!) Planning Stage

LINKAGE PROJECT (Korean Funded):
Phase 1: Caloocan to Alabang 34km(Rehab) July 2008
Phase 2: Alabang to Calamba 27km(Rehab) 2009

PNR SOUTHRAIL PROJECT(Chinese Funded):
Phase 1a: Calamba to Lucena 70km(Rehab) 2009
Phase 1b: Lucena to Camalig to Legazpi 350km(Rehab) 2010
Phase 2: Camalig to Matnog, Sorsogon 125km(New!!!) 2012
SOUTHRAIL PIPELINE:
Calamba to Batangas 50km(New tracks, old ROW) Priority Project Completion ???
Calamba to Sta. Cruz to Mauban (LABART Project) 50km+45km(Rehab & New!!!) Priority Project Competion ???

HAVE A NICE DAY!!!!
just want to share this map..
rail networks of Metro Manila "from japan site"
http://file.uploadr.com/100b5-embed

Not quite sure as to how Fort Boni will be connected with the existing railway system but I did find this LRT railway expansion diagram at this link(s): http://www.jrtr.net/jrtr16/pdf/f38_razon.pdf and http://en.wikipedia.org/wiki/Image:MetroManilaComplete.JPG
There was a possiblity that Northrail which happens to be LRT5, be realized since it is the linkage or Phase 4 of Northrail going to Boni. Chances are it is a subway with no station between Fort and Caloocan.
The plan of DOTC itself has changed several times so the extension of the north rail spur line to the Fort may have been swapped with the original line 5 which runs along similar alignment. If you check out the plans of 10 years ago the original line 5 was supposed to be like a circular line linking the cbds with manila in a circle. It was a Subway but now it may already be superseded with the North Rail extension. I just don't know how often the northrail service would be in the city as it should have a higher frequency with the commuter service.
In my analysis, I assume that LRT8 is part of PNR East Rail Line. In order to profitable the line must converge in a common terminal. In my design, heavy railways will converge in 3 major locations, Caloocan, Tutuban and Fort Bonifacio. Northrail as earlier assumed that it will be a separate line from PNR. NAIA will be connected to Northrail via a subway heavy rail line from NAIA to Fort Bonifacio. Passengers from Northrail will be able to transfer from these 3 terminals. Seamless travel from Bicol and Calabarzon to Clark cannot be realized but transfer points will also be provided by these 3 tranfer locations.

http://farm2.static.flickr.com/1234/1318138754_8da5997a99_b.jpg

[dx]

August 28th, 2007, 12:01 PM

Is this in BGC? What's the name of the building?
http://img513.imageshack.us/img513/9999/4239561sf1.jpg
Photo by Dan Aquino (http://www.panoramio.com/user/19123&comments_page=1&photos_page=3)

thomasian

August 28th, 2007, 12:06 PM

^^ It's Penhurst Parkplace, the build-to-own that started it all.

MetropolitanBoy

August 28th, 2007, 05:30 PM

Just an on-going update on the future Fort Boni railway...

So the LRT 5 (North Railway) will ride along C-5 from Shaw Blvd. to BGC.^^

stlito

August 29th, 2007, 03:40 AM

Is this in BGC? What's the name of the building?
http://img513.imageshack.us/img513/9999/4239561sf1.jpg
Photo by Dan Aquino (http://www.panoramio.com/user/19123&comments_page=1&photos_page=3)

Wow, Penhurst looks sexy in this picture!

IsaRic

August 29th, 2007, 05:11 AM

Just an on-going update on the future Fort Boni railway...

what kind of trains are going to be used???

IsaRic

August 29th, 2007, 05:14 AM

Wow, Penhurst looks sexy in this picture!

looks like the bellagio buildings... is it the same developer?

realtor_manila

August 29th, 2007, 05:42 AM

looks like the bellagio buildings... is it the same developer?

The project manager of Penhurst Parkplace is G&W Architects. Actually, Penhurst was the 1st Build-To-Own (BTO) project. The 7th BTO will be launched soon.

realtor_manila

August 29th, 2007, 09:41 AM

The Bases Conversion and Development Authority (BCDA) is inviting proponents "to submit proposals for the privatization and development of the 1.2 - hectare (approx. 3 acres) Expanded Big Delta Lots located in the Bonfacio Global City (BGC)."

The Big Delta property, located inside the BGC’s City Center, is being offered for lease or joint venture development with the BCDA.

BCDA did not manage to dispose the property last year (2006) due to a failed bidding.

Again, this will be another exciting development at BGC. This will help in the appreciation of property values in the area.

P.S. Anyone knows the exact location of this 1.2 hectare property within the City Center?

3cr

August 29th, 2007, 10:16 AM

^^ Like Cynch I wonder where in this map would that "Big Delta" be at? Is that the area along Fifth Ave?

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

3cr

August 29th, 2007, 11:08 AM

From my recollection, Big delta is the area around Pacific Plaza towers. It's the original area to be developed. THe expanded big delta extends the perimeter further. By how much I can't remember.
^^ Thanks for the confirmation Peter. So looks like it's going to be these areas along 5th Ave. as shown on the pics below.

http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_2105.jpg
http://img.photobucket.com/albums/v162/pau_p1/around%20manila/DSC04177_1.jpg

3cr

August 29th, 2007, 11:20 AM

^^ Looks like the Big Delta area mentioned in the article Cynch posted is that same lot both Shangri-la and Trump were looking at along 5th Avenue. Hopefully this means Shangri-La and Trump can now formally submit their respective proposals for the said area/lot. :) :) :)

The Bases Conversion and Development Authority (BCDA) is inviting proponents "to submit proposals for the privatization and development of the 1.2 - hectare (approx. 3 acres) Expanded Big Delta Lots located in the Bonfacio Global City (BGC)."

The Big Delta property, located inside the BGC’s City Center, is being offered for lease or joint venture development with the BCDA.

BCDA did not manage to dispose the property last year (2006) due to a failed bidding.

Shangri-La group plans 6-star hotel in Taguig
http://www.gmanews.tv/story/42858/Shangri-La-group-plans-6-star-hotel-in-Taguig

The Philippines' Bases Conversion and Development Authority on Thursday announced that the Hong Kong based Shangri-La Hotels and Resorts group has made known its interest in building a six-star luxury hotel inside Fort Bonifacio in Taguig City.

BCDA President and CEO Narciso Abaya said the site of Shangri-La for the project is the 1.2-hectare lot owned by the government beside the City Center of the Bonifacio Global City.

The lot, formerly known as the Government Center for Investment, is also the area being eyed by the real-estate and entertainment tycoon Donald Trump for a planned integrated complex project.

Abaya said Shangri-La Hotels and Resorts Vice President Greg Dogan revealed its plan to build a six-star hotel in the area during a preliminary presentation made by the company before the BCDA Board on May 15.

BCDA Chairman Aloysius Santos, however, clarified that despite the presentation, no commitment has been made by both parties.

“No decision has been made. The BCDA Board is mapping out an action plan for a transparent competitive selection process among the interested proponents," Santos said.

Santos said Shangri-La Group's plan is a welcome development in the overall development of the Bonifacio Global City.

Abaya said the signified interest of both Shangri-la and Trump groups for the 1.2 hectare lot at the Bonifacio Global City manifests sustained solid investor confidence in the developments in the area.

The Bonifacio Global City is located only a few minutes away from the Makati and Ortigas Central Business Districts, the Ninoy Aquino International Airport and major thoroughfares like C-5.

The Global City also has world-class infrastructure including an underground drainage detention structure with the capacity to hold 22 million liters of water and release it under controlled conditions to prevent floods. It also has a fiber optic cabling network to support a wide range of telephone, video and data applications.

The Shimao Group of China is also eyeing a 7-hectare property inside Fort Bonifacio for its hotel-residential-retail complex.

_______________________________________

Shangri-La also eyes Trump’s target lot in Global City
http://business.inquirer.net/money/breakingnews/view_article.php?article_id=66592

MANILA, Philippines -- Hong Kong-based Shangri-La Hotels and Resorts has proposed to build a six-star hotel on a 1.2-hectare lot in Bonifacio Global City, near the Makati business district -- the same property that American tycoon Donald Trump is eyeing, the Bases Conversion Development Authority (BSCA) said.

Officials of the Shangri-La group, the largest Asian-based deluxe hotel group, made a preliminary presentation to the BCDA board meeting last May 15, BCDA president and chief executive Narciso Abaya said in a statement.

Abaya said Shangri-La Hotels and Resorts vice president Greg Dogan expressed keen interest in the lot formerly known as the Government Center for Investment, right beside the City Center of Global City.

Earlier this month, Abaya told the Inquirer in an earlier interview that the BCDA was holding exploratory talks with the Trump group on a possible high-end project, like a Trump Plaza, in Global City.

He said a stumbling block was that the BCDA, being a government agency, must do a competitive bidding and could not go into direct partnership with a private investor.

Shangri-La’s entry may provide the answer, as the BCDA could auction the lot and both the Shangri-La and Trump groups could bid for it.

BCDA chairman Aloysius Santos said Shangri-La’s proposal was made on a no-commitment basis and the BCDA made no decision on the matter.

“The BCDA board is mapping out an action plan for a transparent competitive selection process among the interested proponents,” Santos said.

Abaya said in the Inquirer interview that the requirement for biddings was holding the BCDA back from signing a partnership deal with the Shanghai Shimao group on a $2-billion project.

Shnghai Shimao, one of China’s top real estate developers, signed a memorandum of understanding with the BCDA in March after its chairman, Hui Wing Mau, during a visit expressed interest in investing $2-$4 billion in high-end hotel and mixed-use buildings in Global City.

The BCDA said the memorandum of understanding provided conducting detailed studies on future joint development projects with BCDA, which the BCDA said would make Global City a key international business district.

3cr

August 29th, 2007, 12:12 PM

Just an update on the planned Science Museum in BGC...

Science Museum planned for Bonifacio Global City
By Erwin Oliva
INQUIRER.net
08/27/07
http://inquirerbloggers.net/insidescience/2007/08/27/science-museum-planned-for-bonifacio-global-city/

MANILA, Philippines–A world-class science museum that will be built in Bonifacio Global City in Taguig City will feature both science and technology, an executive said.

A project of the Bonifacio Art Foundation Inc., the science museum will feature a “learning center” that will be both interactive and educational, said Manny Blas II, managing director of Fort Bonifacio Development Corp.

Walking distance from Bonifacio High Street, the planned science museum will house a 3,000-square meter exhibit area, a food center, a training center, among others, said Maricel Garcia, science curator of the planned museum.

“The technology that will be featured will be based on human values or the human ingenuity in technology,” said Garcia.

Also dubbed as a “Filipino Science Museum,” it will feature stories of the universe, of nature, of life, and of the atom.

“We will build the first world-class science museum because we believe this will have an impact on tourism, society, and the economy,” said Blas II.

The executive said that local studies have shown that science museums have raised awareness and improved learning on science and technology.

He said that studies have shown that visitors were eventually hooked to science and technology after a visit, said Blas, citing the experience of the Philippine Science Centrum.

This will be the site of the planned Science Museum at Bonifacio Global City (BGC). This is actually a portion of the Crescent West Park. I took this picture along Rizal Drive.

http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_2896.jpg

http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_2894.jpg

"High Street actually begins at the popular Serendra which opened last year. The ultimate plan is to develop the entire stretch into, would you believe, a one-kilometer lush, landscaped, pedestrian-friendly park, ending at Crescent West." ---- Therefore, at the end of the Bonifacio High Street "extension" will be this Science Museum at Crescent West Park. :banana: :banana: :banana:

BTW, the planned Science Museum is just a few meters away from the Burgos Park. I'm dancing now! :banana: :banana: :banana:

kalbongdad

August 30th, 2007, 03:23 AM

hopefully it would not be the same as the science centrum being build at the m o a... para walang redundancy....at the same time...marami tayong mapupuntahan....

3cr

September 3rd, 2007, 07:48 AM

what kind of trains are going to be used??? Don't really know what kind exactly other than it's a DMU type according to the article posted below. There are also several different pics posted in the MRT/LRT and North/South Railway threads but not sure which one will be used for the actual BGC extension/linkage. :)

Thanks Lucentino! :)
Speaking of BCDA, got some articles from their website... Don't know if this has been posted before...

http://img166.imageshack.us/img166/4149/z1em7.jpg
http://img154.imageshack.us/img154/9711/z2fn9.jpg
http://img166.imageshack.us/img166/4208/z3ww5.jpg

basti

September 3rd, 2007, 05:19 PM

http://www.manilatimes.net/national/2007/aug/26/yehey/property/20070826prop2.html

New buildings to fill strong demand
for office space in Bonifacio Global City

Seventeen new office buildings in different stages of construction and planning are expected to meet the robust demand for office space in Bonifacio Global City in the next three years. Once completed, the 17 edifices will make available about 340,000 sqm of leasable space, complementing the existing fully occupied 76,000 or so sqm spread in four office buildings and on the second floor of Bonifacio High Street An indication of the growing attractions of this premium business district, Bonifacio Global City will have total office leasable space of more than 400,000 square meters by 2010.

According to Jun Bisnar, head for commercial operations of Fort Bonifacio Development Corp. (FBDC), “The high demand for office space in Bonifacio Global City is due to the fact that the business district is considered the natural extension of the financial district in Makati. It is near most of the headquarters of the top 100 corporations. At the same time, it offers a refreshing work environment.”

He adds that because of BGC’s proximity to Makati CBD, there is a tendency to attract the same superior labor quality and worker profile. The premier business district further has several access points, which contributes to the smooth flow of traffic in the area.

The existing office buildings enjoying 100 percent occupancy rates are the FBDC-owned Bonifacio Technology Center and the Hong Kong and Shanghai Banking Corp. (HSBC) building, as well as the Net Group-owned Net One and Net Square structures.

Net Group has three more buildings being developed—the Net Cube, Net Quad and Net Plaza. Five other buildings which are under construction are the Chancery of Singapore, Fort Legend, Fort 26th, Total Corporate Center 1, and the HanJinPhil Philippine Headquarters.

An office building earmarked for BPO locators will also be developed by FBDC. Other office buildings that are in the blueprint stage are projects of Daiichi and ADVL Land Corp. Further, the corporate headquarters of the Philippine Stock Exchange (PSE)—what is likely to be the crown jewel of Bonifacio Global City—is set to rise in the City Center. The PSE headquarters will serve as a unified trading floor for brokers now doing business in Pasig and Makati.

Multinationals and large companies like JP Morgan, Deutsche Knowledge Systems, GE Money, GE Philippines, Transnational Diversified Group and several technology-based firms such as Intel Philippines, Ericsson Philippines and Tetra Pak Philippines, among others, have chosen Bonifacio Global City as their new corporate address.

Bonifacio Global City, located in the progressive City of Taguig, has also emerged as a favored location of business process outsourcing (BPO) companies, which have snapped up allocated office spaces in Market! Market! Only 2,700 sqm of spaces is available for lease in the shopping complex. “We foresee that these remaining units will be taken up within the next two months,” says Bisnar.

Another attraction of BGC to IT firms is the presence of a special economic zone offering fiscal incentives to the locators. PEZA-registered buildings in BGC include the Bonifacio Technology Center and the Net Group edifices. Bonifacio Technology Center counts among its tenants IT and BPO firms such as call center Ventus, software providers NEC Telecom Software and Data Horizon, hospitality service provider Nex C, and facility provider Hatchasia.com.

The healthy mix of office, residential, and commercial establishments along with measures taken by FBDC to preserve the green areas of BGC contribute to the place’s prominence as a premier business district where one can indulge in one’s passion for work and other interests.

-------

If the new PSE is going to be the "crown jewel" of BGC, then I can't wait to see what it's going to look like. Pero, I think there was a plan about "Capitol..." I wonder if they will keep the design

bustero

September 4th, 2007, 04:43 AM

Probably not, that was a plan by MetroPacific so highly doubtful if it will followed by fbdc.
340000sq.m. wow where is this. Between Charlie Rufino's projects and the other mentioned I see about 100 to 150k , be interesting to know where exactly (if they're hard already) they are!

kalbongdad

September 5th, 2007, 05:03 AM

IslandSon.PH

September 5th, 2007, 05:13 AM

bet for an iconic supertall if they change the capitol place renderings.

portludlow

September 6th, 2007, 03:05 AM

Top guns bid for ‘primest’ of Boni
FOREIGN, LOCAL DEVELOPERS BUY T.O.R. AS B.C.D.A. RETREATS FROM ‘LEASE-ONLY’ OPTION
http://www.businessmirror.com.ph/09062007/headlines01.html
By Max V. de Leon
Reporter

BIG foreign and local property developers are now crowding the bidding for a prime 1.2-hectare lot inside Fort Bonifacio in Taguig after the Bases Conversion and Development Authority (BCDA) reversed its earlier option to merely offer it for lease when it suffered a failed bidding last year.

Narciso Abaya, BCDA president and CEO, said Ayala Land Inc., SM Prime Holdings Inc., Megaworld Corp., Shangri-La Hotel, the Net-Trump Group, Landco Pacific and Robinsons Land have so far bought the P50,000 terms of reference (TOR) papers for the bidding of the property popularly known as the Expanded Big Delta Lots or the former Government Center for Investment at the Bonifacio Global City (BGC).

The lot was actually mortgaged with the Banco de Oro (BDO) because the BCDA needed a standby facility in case it needs additional funding for the construction of the Subic-Clark-Tarlac Expressway.

That mortgage was the cause for the failure of bidding last year.

But so far, the BCDA has not needed yet to draw from the BDO standby loan, so it decided to open the lot either for sale or joint venture—and not merely for lease—making the property more attractive.

Abaya said a sale, joint venture or combination of the two will be allowed, provided the bidders will propose a solution to address the mortgage issue. “They can propose a substitute facility that will allow BCDA to transfer titles or they can propose to frontload the value of the property to pay off the mortgage.”

With the big developers swamping the bidding and with the real-estate market going up, the BCDA also decided to increase the minimum bid price to P160,000 per square meter from P150,000 per square meter.

“We are optimistic that the bidding will not only generate for BCDA revenues for conversion projects but more important, it will further maximize values of the whole Bonifacio Global City,” said Abaya.

The lot is the remaining parcel in the E-Square area since most of the properties there were already sold by the Fort Bonifacio Development Co. consortium to third-party buyers.

The 1.2-hectare prime lot has a floor area ratio (FAR) of 12, which means the proponent can develop on the area structures with a gross floor area of approximately 144,000 square meters or 14.4 hectares for mixed-used development of residential, office or commercial/retail complex.

The lot along 5th Avenue is also across The Fort and is the gateway of the city center, “the primest portion of the BGC.”

Since it is also within the E-Square area, which is accredited by the Philippine Economic Zone Authority (Peza), the developers can avail themselves of government incentives if the project is qualified under Peza rules

kalbongdad

September 6th, 2007, 05:00 AM

exciting....business is really perking up....in the philippines...can't wait to see the new pse bldg....way to go...iwanan na ang makati ni binay...dami ng iskwater.....pati ayala ave...meron ng..nagbibenta ng dvd....at kung ano-ano pa...sa quiapo lang dati meron yun...ah....the new promising city of taguig...led by its young capable and visionary mayor...cno nga yun?...hehehe after saying those adjective...nde pala kilala...

laquacherra

September 6th, 2007, 05:09 AM

Top guns bid for ‘primest’ of Boni
FOREIGN, LOCAL DEVELOPERS BUY T.O.R. AS B.C.D.A. RETREATS FROM ‘LEASE-ONLY’ OPTION
http://www.businessmirror.com.ph/09062007/headlines01.html
By Max V. de Leon
Reporter

The 1.2-hectare prime lot has a floor area ratio (FAR) of 12, which means the proponent can develop on the area structures with a gross floor area of approximately 144,000 square meters or 14.4 hectares for mixed-used development of residential, office or commercial/retail complex.

The lot along 5th Avenue is also across The Fort and is the gateway of the city center, “the primest portion of the BGC.”

i think that's the lot with the "future site of government center for business" sign really close to Net One & Net Square that Boe has been curious about

bustero

September 6th, 2007, 09:34 AM

Yup you're right

basti

September 6th, 2007, 05:03 PM

flymordecai

September 6th, 2007, 05:15 PM

For me, I'm hoping it would be Trump. IMO, it will make BGC globally recognized from the publicity it could make. Shang is fine, and I'm thrilled about their "6-star" (if there is such a thing) hotel plan.

I just don't want that prime location end up having a so-so looking development.... Time for an iconic structure, PLEASE!!!!

I think Shang should get this lot. Trump would be more fitting in North Bonifacio, next to Metrobank's tower. They would look good next to each other. If not North Bonifacio, there are other lots in the City Center that will be a good investment for them.

basti

September 6th, 2007, 06:19 PM

Bonifacio High Street

http://i136.photobucket.com/albums/q179/asph80/highstreet1.jpg

http://i136.photobucket.com/albums/q179/asph80/highstreet2.jpg

http://i136.photobucket.com/albums/q179/asph80/highstreet3.jpg

http://i136.photobucket.com/albums/q179/asph80/highstreet4.jpg

http://i136.photobucket.com/albums/q179/asph80/highstreet5.jpg

http://i136.photobucket.com/albums/q179/asph80/highstreet6.jpg

http://i136.photobucket.com/albums/q179/asph80/highstreet7.jpg

http://i136.photobucket.com/albums/q179/asph80/highstreet8.jpg

3cr

September 6th, 2007, 09:36 PM

Very exciting times for BGC! :banana: :banana: :banana:

Top guns bid for ‘primest’ of Boni
FOREIGN, LOCAL DEVELOPERS BUY T.O.R. AS B.C.D.A. RETREATS FROM ‘LEASE-ONLY’ OPTION
http://www.businessmirror.com.ph/09062007/headlines01.html
By Max V. de Leon
Reporter

BIG foreign and local property developers are now crowding the bidding for a prime 1.2-hectare lot inside Fort Bonifacio in Taguig after the Bases Conversion and Development Authority (BCDA) reversed its earlier option to merely offer it for lease when it suffered a failed bidding last year.

Narciso Abaya, BCDA president and CEO, said Ayala Land Inc., SM Prime Holdings Inc., Megaworld Corp., Shangri-La Hotel, the Net-Trump Group, Landco Pacific and Robinsons Land have so far bought the P50,000 terms of reference (TOR) papers for the bidding of the property popularly known as the Expanded Big Delta Lots or the former Government Center for Investment at the Bonifacio Global City (BGC).

The lot was actually mortgaged with the Banco de Oro (BDO) because the BCDA needed a standby facility in case it needs additional funding for the construction of the Subic-Clark-Tarlac Expressway.

That mortgage was the cause for the failure of bidding last year.

But so far, the BCDA has not needed yet to draw from the BDO standby loan, so it decided to open the lot either for sale or joint venture—and not merely for lease—making the property more attractive.

Abaya said a sale, joint venture or combination of the two will be allowed, provided the bidders will propose a solution to address the mortgage issue. “They can propose a substitute facility that will allow BCDA to transfer titles or they can propose to frontload the value of the property to pay off the mortgage.”

With the big developers swamping the bidding and with the real-estate market going up, the BCDA also decided to increase the minimum bid price to P160,000 per square meter from P150,000 per square meter.

“We are optimistic that the bidding will not only generate for BCDA revenues for conversion projects but more important, it will further maximize values of the whole Bonifacio Global City,” said Abaya.

The lot is the remaining parcel in the E-Square area since most of the properties there were already sold by the Fort Bonifacio Development Co. consortium to third-party buyers.

The 1.2-hectare prime lot has a floor area ratio (FAR) of 12, which means the proponent can develop on the area structures with a gross floor area of approximately 144,000 square meters or 14.4 hectares for mixed-used development of residential, office or commercial/retail complex.

The lot along 5th Avenue is also across The Fort and is the gateway of the city center, “the primest portion of the BGC.”

Since it is also within the E-Square area, which is accredited by the Philippine Economic Zone Authority (Peza), the developers can avail themselves of government incentives if the project is qualified under Peza rules.

[URL]
The prebid conference is set on September 10, while the actual bidding is on November 5.

-------------------------------------------------------------------------------------------------------------------------------
http://www.businessmirror.com.ph/09062007/headlines09.html

[FONT=Arial] BCDA opens Shimao offer to challenge
By Max V. de Leon
BusinessMirror
September 6, 2007

THE two properties in Fort Bonifacio that Shimao Property Holdings Ltd. is eyeing for its integrated development project are still not in the bag for the Chinese firm, whose proposal will still be subjected by the Bases Conversion and Development Authority (BCDA) to a Swiss challenge.

Aileen Zosa, vice president for business development of BCDA, said Shimao has submitted preliminary offers for a 7.4-hectare lot in North Bonifacio and the 35-hectare property inside the former Joint US Military Advisory Group (Jusmag) area.

Zosa said the Chinese firm will submit its complete proposal to the BCDA, which owns the properties, in November.

After this, Zosa said the BCDA will publish a public advisory that Shimao has submitted offers for the two lots and it is opening the proposals to any challenge from other interested groups.

“Any firm, local or foreign, if eligible, can submit their competing proposals,” she said.

If no other firms can match Shimao’s offer, Zosa said the Chinese group will automatically get the rights to the properties.

BCDA president and chief executive officer (CEO) Narciso Abaya said Shimao is willing to invest at least $2 billion for an integrated development that includes hotel, commercial and residential projects in the two properties.

Abaya said they are willing to enter into a joint- venture deal with Shimao for its proposed projects.

“The terms of reference are now being worked out by Neda [National Economic and Development Authority] on how to conduct the joint venture,” Abaya said.

Should this push through, Abaya said it will be one of the government’s biggest partnerships for property development in 2007.

The BCDA and Shimao earlier agreed in principle to enter into the joint project after signing a memorandum of understanding in March.

“This will boost the asset disposition program of BCDA, and enhance its revenue-generating capability, translating to more funds for the AFP modernization program and other beneficiaries,” Abaya said.

Meanwhile, the BCDA announced it was able to privatize P38.29 billion worth of government properties as of August.

Of that amount, 80 percent was from the disposition of Fort Bonifacio lots, P30.36 billion. This was followed by income from lease and joint- venture projects, P4.78 billion. Sales and proceeds from Fort Bonifacio and other camps reached P1.9 billion while securitization was worth P1.25 billion.

A big chunk, or 43 percent of the BCDA-generated funds, went to the AFP both for military replication and the modernization program. The entire AFP share was P16.44 billion—P9.5 billion for military replication and P6.94 for the modernization program.

Another big chunk, or 18 percent, went to site development and relocation expenses at P6.76 billion. Both the BCDA share and the share of other beneficiary agencies were at 15 percent.

Taxes and fees paid by BCDA reached P2.33 billion.

Kuwaiti and Chinese leisure property developers keen on doing business in the country
BusinessWorld
September 6, 2007

(for full article: http://www.bworldonline.com/BW090607/content.php?id=043)

As this developed, Shanghai-based property giant Shimao Group has firmed up plans to develop a high-end hotel and mixed-use buildings in the Bonifacio Global City area, the Bases Conversion Development Authority (BCDA) said yesterday.

In a talk with reporters, BCDA President Narciso L. Abaya said his agency was only awaiting proposals from Shimao for the development of a 7.4-hectare lot in North Bonifacio and a 35 to 40-ha. Joint US Military Assistance Group (JUSMAG) area.

"As is the policy, we will have to have a competitive selection, bidding or a modified bidding like a Swiss challenge... if the offer is a non-solicited proposal. The terms of reference are now being worked out by the government on how to conduct the joint venture," he said.

Trade Secretary Peter B. Favila earlier announced BCDA, which oversees development of former military lands, was discussing a $2-billion investment deal with Shimao.

In March, the BCDA inked a memorandum of understanding with the group to jointly develop prime areas in the Bonifacio Global City area near the Makati business district.

"We own the land they (Shimao) will develop it. As part of the criterion for selecting the best offer, we will be very particular about the project cost or the amount of investment since these are prime lands," Mr. Abaya said.

Shimao is expected to submit its proposal for the 7.4-ha. North Bonifacio lot by November and early next year for the JUSMAG property. Prebidding conference is slated for Sept. 10.

Mr. Abaya earlier described the partnership with the Shimao Group to be among the largest in property development in the Philippines. This, he had said, could make Global City an international business district.

Shimao Group Chairman Hui Wing Mau, in a visit in Manila early this year, said his company would be investing $2-$4 billion in a high-end hotel and mixed-use buildings in Global City, which used to be part of a military base.

Forbes Magazine ranked Mr. Hui as the second-richest person in China in 2002. The 2007 Forbes.com list of the world’s billionaires ranked him 249th.

Shimao Group owns 10 luxury hotels in China, including Shanghai hotels Le Meridian, Royal Meridien — which at 66 floors is the tallest structure in Shanghai — and Grand Hyatt.

Traded on the Hong Kong stock exchange, the Shimao Group has an inventory of more than 20 million square meters of luxury offices and residential condominiums and continues to build an average of four million square meters a year. — R.A.M. Rubio and Bernardette S. Sto. Domingo

3cr

September 7th, 2007, 02:30 AM

Wow 2 possible 6 Star Hotels in Fort Boni! Great News for BGC! Global City is booming! :banana: :banana: :banana:

Shangri-La group plans 6-star hotel in Taguig
http://www.gmanews.tv/story/42858/Shangri-La-group-plans-6-star-hotel-in-Taguig

The Philippines' Bases Conversion and Development Authority on Thursday announced that the Hong Kong based Shangri-La Hotels and Resorts group has made known its interest in building a six-star luxury hotel inside Fort Bonifacio in Taguig City.

BCDA President and CEO Narciso Abaya said the site of Shangri-La for the project is the 1.2-hectare lot owned by the government beside the City Center of the Bonifacio Global City.

The lot, formerly known as the Government Center for Investment, is also the area being eyed by the real-estate and entertainment tycoon Donald Trump for a planned integrated complex project.

Abaya said Shangri-La Hotels and Resorts Vice President Greg Dogan revealed its plan to build a six-star hotel in the area during a preliminary presentation made by the company before the BCDA Board on May 15.

BCDA Chairman Aloysius Santos, however, clarified that despite the presentation, no commitment has been made by both parties.

“No decision has been made. The BCDA Board is mapping out an action plan for a transparent competitive selection process among the interested proponents," Santos said.

Santos said Shangri-La Group's plan is a welcome development in the overall development of the Bonifacio Global City.

Abaya said the signified interest of both Shangri-la and Trump groups for the 1.2 hectare lot at the Bonifacio Global City manifests sustained solid investor confidence in the developments in the area.

The Bonifacio Global City is located only a few minutes away from the Makati and Ortigas Central Business Districts, the Ninoy Aquino International Airport and major thoroughfares like C-5.

The Global City also has world-class infrastructure including an underground drainage detention structure with the capacity to hold 22 million liters of water and release it under controlled conditions to prevent floods. It also has a fiber optic cabling network to support a wide range of telephone, video and data applications.

The Shimao Group of China is also eyeing a 7-hectare property inside Fort Bonifacio for its hotel-residential-retail complex.

Top Chinese realtor keen on Fort Boni land
By Katrina Mennen A. Valdez Reporter
Manila Times
http://www.manilatimes.net/national/2007/sept/06/yehey/business/20070906bus7.html

Shimao Group, China’s top real estate and hotel developer, will bid for two properties in Fort Bonifacio Global City, Bases Conversion and Development Authority announced Wednesday.

Retired general and BCDA President Narciso Abaya told reporters that the Shanghai-based company has expressed serious interest in joining the bid for some 40 hectares of land inside the Jusmag compound at Fort Bonifacio.

He said Shimao plans to invest at least $2 billion for hotel development and mixed-use buildings and will be submitting its proposal by early next year.

Shimao will also bid for the 7.4-hectare land in North Bonifacio and will submit its proposal in November this year. “They are planning to construct a six-star hotel, office buildings and residential buildings,” Abaya said.

Meanwhile, the BCDA’s cumulative earnings reached P38.294 billion in a span of 15 years up to last month. Of the amount, 80 percent, or P30.360 billion were earned through the Fort Bonifacio Development Corp., while 12 percent of which valued at P4.784 billion was generated from lease and joint ventures. The remaining 5 percent, or P1.9 billion were proceeds from the sale of properties at the Fort Bonifacio and other camps managed by the BCDA, while securitization raised P1.245 billion.

Abaya said 43 percent of the earnings amounting to P16,437-billion fund the modernization programs of the Armed Forces of the Philippines, 18 percent, or P6.764 billion goes to the site development and relocation expenses and 6 percent, or P2.335 billion was allotted for tax and fees. BCDA gets 15 percent of the earnings or P5.822 billion, while the other 15 percent, or P5.90 billion is distributed to other agencies.

This year, BCDA expects to complete 59 projects as compared with last year’s 51 projects. These projects include residential developments such as the Serendra, Forbeswood Heights, Kensington, Bellagio, Fariways, South of Market and Fifth Avenue Place, and office buildings such as Net Square, HSBC Building, Hanjin Philippines, and the Singapore Chancery.

_________________________________________

China’s Shimao eyes 2 BCDA lots in Boni
By Ronnel Domingo
Inquirer
Last updated 04:38am (Mla time) 09/06/2007
http://business.inquirer.net/money/breakingnews/view_article.php?article_id=86977

China’s real estate giant Shanghai Shimao group is vying for a joint venture with the Bases Conversion Development Authority (BCDA on two properties for the development of “high-end, mixed-use” projects, BCDA president and chief executive Narciso Abaya said.

The properties include a 7.4-hectare lot where Shimao is planning to invest $2 billion to build hotels, condominiums, offices and a commercial complex, Abaya said.

Abaya said Shimao was also looking at the 35-40 hectare area known as the Jusmag housing area from which retired Armed Forces officials have been evicted after an ownership dispute.

He said the Chinese firm was expected to submit a project proposal for the 7.4-hectare lot by November while another proposal for the larger parcel of land was expected next year.

Abaya clarified that joint venture agreements on both properties would go through bidding or a Swiss challenge, in line with a government policy that requires a competitive process for selecting government partners.

The National Economic and Development Authority “is currently working on the terms of reference” on how to enter into joint ventures like the one proposed, he added.

The Jusmag (Joint United States Military Assistance Group) area -- so-called because it was originally a housing project for the American agency which declined to take it -- was recently the subject of an ownership dispute between BCDA and a homeowners’ association comprised of the wives of retired Armed Forces officials.

The Supreme Court ruled in favor of BCDA, which is preparing to appraise the area toward eventual disposition of the asset through a joint venture with a private company.

Last May, Abaya said Shimao chair Hui Wing Mao personally reiterated his serious and firm interest in investing in Fort Bonifacio during a recent meeting with BCDA officials in Hong Kong that month.

Abaya said Shimao was a world-class, fast-paced developer that could finish a 900-room twin-tower luxury hotel in 18 months, as what they did with the Hyatt Hotel at the Bund in Shanghai.

BCDA chairman Aloysius Santos had said that Shimao’s entry into the domestic setting would set a new standard in real estate development in the Philippines.

The China visit by Santos and Abaya was made upon the invitation of Hui, who came to Manila last March to sign a memorandum of understanding with the BCDA on a joint development of a sizable portion of land at the Global City.

Abaya said this was one of the biggest partnerships of the government for property development in 2007, which would further boost the asset disposition program of BCDA and enhance its revenue-generating capability.

3cr

September 7th, 2007, 03:48 AM

Top guns bid for ‘primest’ of Boni
FOREIGN, LOCAL DEVELOPERS BUY T.O.R. AS B.C.D.A. RETREATS FROM ‘LEASE-ONLY’ OPTION
http://www.businessmirror.com.ph/09062007/headlines01.html
By Max V. de Leon
Reporter

The 1.2-hectare prime lot has a floor area ratio (FAR) of 12, which means the proponent can develop on the area structures with a gross floor area of approximately 144,000 square meters or 14.4 hectares for mixed-used development of residential, office or commercial/retail complex.

The lot along 5th Avenue is also across The Fort and is the gateway of the city center, “the primest portion of the BGC.”

i think that's the lot with the "future site of government center for business" sign really close to Net One & Net Square that Boe has been curious about

Taken from the 18th floor of Fairways Tower.
http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_2105.jpg

http://i231.photobucket.com/albums/ee196/ravencute83/PICT0094.jpg
my contribution to this thread,Taken this afternoon.....

http://img.photobucket.com/albums/v162/pau_p1/around%20manila/DSC04177_1.jpg

http://www.triontowers.com/northwest.jpg

Yup that's the one Lauren! WOOHOO great news indeed! Hope Kuok (Shangri-La) or Trump wins the bid! :banana: :banana: :banana:

[dx]

September 7th, 2007, 07:50 AM

http://farm2.static.flickr.com/1402/1213471780_260d1b5576_o.jpg
City Center

http://farm2.static.flickr.com/1365/1212591031_08ee4c3a13_o.jpg
Bonifacio High Street

http://farm2.static.flickr.com/1125/1212612247_6b411fe996_o.jpg
Serendra and Market! Market!

Photos by cfpaderan
(http://www.flickr.com/photos/11389539@N05/)

[dx]

September 7th, 2007, 07:54 AM

http://farm2.static.flickr.com/1025/1213458222_998a8db82a_o.jpg
Forbeswood Heights

http://farm2.static.flickr.com/1055/1213478800_5b8410e163_o.jpg
Forbeswood Heights

http://farm2.static.flickr.com/1074/1213464928_6d0e2e0e10_o.jpg
Net Cube

http://farm2.static.flickr.com/1198/1213467894_ff0f97231d_o.jpg
HSBC @ E-Square

http://farm2.static.flickr.com/1432/1212588023_abaf9bfad4_o.jpg
Fifth Avenue Place

Photos by cfpaderan (http://www.flickr.com/photos/11389539@N05/)

[dx]

September 7th, 2007, 07:59 AM

http://farm2.static.flickr.com/1192/1257705164_b33a4c9dab_o.jpg
SOMA

http://farm2.static.flickr.com/1203/1256870909_a93b0b2aab_o.jpg
Fairways Tower

http://farm2.static.flickr.com/1295/1256919447_2ab1549f05_o.jpg
Penhurst

http://farm2.static.flickr.com/1328/1257785402_92b0a38f1d_o.jpg
Hampton

Photos by cfpaderan (http://www.flickr.com/photos/11389539@N05/)

[dx]

September 7th, 2007, 08:13 AM

http://farm2.static.flickr.com/1059/1257774868_e444916927_o.jpg
Bellagio

http://farm2.static.flickr.com/1339/1257786956_20b136677d_o.jpg
Bonifacio Ridge

http://farm2.static.flickr.com/1283/1226889946_d1aefba338_o.jpg
WAFCO Furnitalia

http://farm2.static.flickr.com/1198/1257752670_b91318da0a_o.jpg
Net One

http://farm2.static.flickr.com/1031/1257764176_316033f1b6_o.jpg
Sports Kamp

Photo by cfpaderan (http://www.flickr.com/photos/11389539@N05/)

3cr

September 7th, 2007, 08:39 AM

^^ THANK YOU much for posting the Fort Boni pics Dxpsycho! Good Find! :okay: :okay: :okay:

^^ THANK YOU very much for taking those wonderful pics cfpaderan! :) :) :)

I wonder if SM wins, if they'll put up a mall too in that lot in BGC... A Podium type mall would be nice! :okay:

SM Prime, ALI eye Bonifacio Global City
By MA. ELISA P. OSORIO, 6 Sep 2007
Source: The Philippine Star
http://www.smprime.com/News.php?BlurbID=758

SM Prime Holdings Inc. and Ayala Land Inc. has expressed interest in bidding for a government owned multi-billion prime lot in Bonifacio Global City.

At a minimum bid price of P160,000 per square meter, the lot with a gross floor area of approximately 144,000 square meters is worth more than P23 billion.

In a press conference, Bases Conversion Development Authority (BCDA) president and chief executive officer Narciso Abaya said that aside from SM and Ayala Land, the Gokongweis through their property arm Robinsons Land and Megaworld have likewise expressed interest in joining the bidding.

Three international developers have also signified their intention to bid for the lot located in the expanded big delta in Fort Bonifacio.

These are Singapore-based Ascendas, American real estate mogul Donald Trump’s The Net-Trump Group and Hong Kong based Shangri-La Hotel. Because the lot is within the E-Square, an economic zone, the potential developer can avail of fiscal and non fiscal incentives given by the Philippine Economic Zone Authority (PEZA).

The former Government Center for Investment (GCI) is classified as mixed use meaning it can be a residential, office or commercial/retail complex. Abaya said the lot is at the “primest portion” of the Bonifacio Global City because it is along fifth avenue across the Fort and in the Gateway of City Center.

The lot is the only remaining available property in E-Square. Most of the lots have already been sold by the Fort Bonifacio Development Corporation to third party buyers.

The land was bidded out before but it failed since sale and transfer of titles were not allowed due to the mortgage on the lot.

However, Abaya assured that this time BCDA is allowing a sale or joint venture or a combination provided that bidders can address the mortgage issue.

This can mean that the bidder will propose a substitute facility that will allow BCDA to transfer titles or the bidders can opt to frontload the value of the property to pay off the mortgage.

“We are optimistic that the bidding will not only generate for BCDA revenues for conversion projects but more importantly it will further maximize values of the whole Bonifacio Global City,” Abaya said.

The Bonifacio Global City boasts of a central location that is a few minutes away from the Makati and Ortigas Central Business Districts, the airport and major thoroughfares like C-5.

It has world-class infrastructure that includes an underground drainage detention structure with the capacity to hold 22 million liters of water and release it under controlled conditions to prevent floods.

It also has a fiber optic cabling network to support a wide range of telephone, video and data applications.

[dx]

September 7th, 2007, 08:44 AM

np :) all credits to cfpaderan (http://www.flickr.com/photos/11389539@N05/), of course

[dx]

September 7th, 2007, 09:19 AM

More photos from cfpaderan (http://www.flickr.com/photos/11389539@N05/)

http://farm2.static.flickr.com/1292/1256924969_2d503fcbf8_o.jpg
Kensington

http://farm2.static.flickr.com/1177/1257788190_1c298d91cb_o.jpg
Net Square

http://farm2.static.flickr.com/1091/1257733604_3c96997fc5_o.jpg
Fifth Avenue Place

http://farm2.static.flickr.com/1409/1256856703_148332a759_o.jpg
Fairways Tower

http://farm2.static.flickr.com/1110/1256905285_3654b1ee39_o.jpg
Forbeswood Heights

[dx]

September 7th, 2007, 09:23 AM

More photos from cfpaderan (http://www.flickr.com/photos/11389539@N05/)

Bonifacio High Street

http://farm2.static.flickr.com/1298/1199706718_839b8dc40e_o.jpg
Water Feature

http://farm2.static.flickr.com/1153/1199707976_b77a87feea_o.jpg
Artisan trellis

http://farm2.static.flickr.com/1339/1199695934_8ce46cc1a4_o.jpg
Water Feature

http://farm2.static.flickr.com/1245/1199700394_2183facfcc_o.jpg
Play pod

http://farm2.static.flickr.com/1015/1256804667_8ef6bf6144_o.jpg
Fully booked

nayki

September 7th, 2007, 05:17 PM

^^Sarap tumambay dyan sa Fully booked sa High Street, may starbucks sha sa loob sa taas. Last time parang half day ata ako dyan sa loob..:lol:

theOCdiva

September 8th, 2007, 01:48 AM

A-sipping a mojito and catching up reading threads. :cheers:

Amazing developments, really!

And thanks to all for the awesome pictures!

Keep cool, folks:)

jbkayaker12

September 8th, 2007, 11:25 AM

[http://farm2.static.flickr.com/1015/1256804667_8ef6bf6144_o.jpg
Fully booked

No Parking sign ignored!
Tigas ng ulo ng mga Pinoy, a 2 lane street without a shoulder for parking tapos nag park pa rin. Hay naku!

BoNduRanT

September 8th, 2007, 02:45 PM

NAH. From the looks of it, bumaba lang naman yung mga pasahero nung car. Impossibleng nakapark yan. Laging may guards na nagbabantay dun sa pedestrian crossing between Serendra at High Street.

allan_dude

September 8th, 2007, 03:08 PM

Ye binaba lang. Mukhang afford naman nila magbayad ng parking fee. Naka BMW ba naman.

jericholic

September 8th, 2007, 03:10 PM

One World Square Photos courtesy of Polcasting (http://polcasting.blogspot.com)

http://bp0.blogger.com/_R9zCe1uJ6AE/RtANDHQiOII/AAAAAAAAAAc/K35RdHOFxFU/s320/08032007138.jpg

http://bp1.blogger.com/_R9zCe1uJ6AE/RtAPkXQiOJI/AAAAAAAAAAk/bqfH3ChAKb4/s320/08232007159.jpg

http://bp1.blogger.com/_R9zCe1uJ6AE/RtPaMnQiOKI/AAAAAAAAAAs/bmeIScyt390/s320/08232007157.jpg

Me tenant na raw dito pero problema pa rin ang pag commute kasi konti lang ang options nila. If I am not mistaken, jeep lang ang option nila. Pero pag aalis na kayo dito, mahirap na kasi most of the time puno na ang jeep pag dumaan na sa One World.

dcdr76

September 8th, 2007, 06:06 PM

Is there wi-fi in Fully Booked?

jbkayaker12

September 9th, 2007, 05:30 AM

Huminto nga, eh di nag park. Free flowing traffic diyan. Talagang may mga taong matigas ang ulo at pasaway! Kaya naglagay ng "No Parking" sign dahil ayaw ng management na may humihintong kotse sa kalsada.:)

bartman

September 9th, 2007, 06:02 AM

that's really NOT a big problem right now. i used that street almost everyday
the street has 2 lanes for each direction (the high street side has a third lane, perhaps specifically for loading/unloading?) and they are wider than the average. additionally, there are no more than a couple of handfulls of vehicles on that street at any given time. i think you can clearly see on the picture that traffic is not obstructed whatsoever :)

i'm also NOT sure but i think loading/unloading might be allowed

Raven83

September 9th, 2007, 06:04 AM

Is it true that "The Fort Strip" will be torned down soon?

nayki

September 9th, 2007, 06:51 AM

Inquirer
Last updated 04:29am (Mla time) 09/08/2007

MANILA, Philippines -- The Bases Conversion Development Authority signed with the school chain Systems Technology Institute (STI) Friday a 25-year lease of a lot in the Bonifacio Global City prime development area, from which BCDA would earn P184.8 million, a BCDA official said.

BCDA vice president Aileen Zosa said in an interview that STI planned to build on the property a P257.8-million, eight-story educational complex.

Zosa said the agreement covered the lease, development and operation of the 2,632-square-meter Campus Gateway property on 32nd Street, across from the Market! Market! Mall.

STI, which is planning to list its shares on the Singapore or Philippine stock exchange next year, proposed to develop a school complex that would have facilities for information technology, healthcare, and business and hotel and restaurant management.

The building, which would take a year to finish, would also have executive and academic offices as well as facilities for call centers and business process outsourcing services.

“The lease would bring in revenues to BCDA of P6.04 million yearly, which would be increased by 10 percent every five years,” Zosa said. “Also, BCDA shall have a 5-percent share in food revenues and three percent in nonfood revenues from the development of the property.”

Zosa said BCDA was confident that such a project, involving a “credible and financially capable proponent like STI,” would further enhance the development of Bonifacio Global City as a premier business district in Metro Manila.

Narciso Abaya, BCDA president and chief executive, has said the agency expects completion of 52 projects in Bonifacio Global City, formerly a part of a military base, in 2006 to 2007.

Abaya said the upswing in the real estate industry was sustaining the rapid growth of development in Bonifacio Global City.

He said a total of 52 projects had been or were expected to be completed this year. Ronnel W. Domingo

http://business.inquirer.net/money/topstories/view_article.php?article_id=87393

nayki

September 9th, 2007, 08:18 AM

http://i58.photobucket.com/albums/g268/nayki_22/bgc4.jpg?t=1189322675
taken from Cybergate Tower I

3cr

September 10th, 2007, 12:49 AM

^^ Nice! :okay: :okay:

Here's more Fort Boni pics (GW projects) courtesy of Ravencute! TY! :) :) :)

New Pics
http://i231.photobucket.com/albums/ee196/ravencute83/PICT0101.jpg

http://i231.photobucket.com/albums/ee196/ravencute83/PICT0100.jpg

distorted:ohno: taken from a moving car
http://i231.photobucket.com/albums/ee196/ravencute83/PICT0099.jpg
http://i231.photobucket.com/albums/ee196/ravencute83/PICT0097.jpg

Eto naman courtesy of Dvorak/Erwin! TY din! :) :) :)

Grand Hampton

http://i29.photobucket.com/albums/c277/patok/FBGC/GH2g.jpg

ang hukay bow (Sapphire)
http://i29.photobucket.com/albums/c277/patok/FBGC/BS1.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/BS2.jpg

ehh hi pala kay Gibson.. bumped with him at starbucks last saturday..

laquacherra

September 10th, 2007, 05:25 AM

No Parking sign ignored!
Tigas ng ulo ng mga Pinoy, a 2 lane street without a shoulder for parking tapos nag park pa rin. Hay naku!

that's really NOT a big problem right now. i used that street almost everyday
the street has 2 lanes for each direction (the high street side has a third lane, perhaps specifically for loading/unloading?) and they are wider than the average. additionally, there are no more than a couple of handfulls of vehicles on that street at any given time. i think you can clearly see on the picture that traffic is not obstructed whatsoever :)

i'm also NOT sure but i think loading/unloading might be allowed

yup, there are 2 lanes PLUS a bus lane (yellow lane)... the car is actually "parked" on the bus lane

jbkayaker12

September 10th, 2007, 07:38 AM

^^^^Sige na nga, sumusunod ang mga tao diyan sa Pilipinas sa traffic rules.:)

thomasian

September 10th, 2007, 08:55 AM

I wonder if SM wins, if they'll put up a mall too in that lot in BGC... A Podium type mall would be nice! :okay:

SM Prime, ALI eye Bonifacio Global City
By MA. ELISA P. OSORIO, 6 Sep 2007
Source: The Philippine Star
http://www.smprime.com/News.php?BlurbID=758

SM Prime Holdings Inc. and Ayala Land Inc. has expressed interest in bidding for a government owned multi-billion prime lot in Bonifacio Global City.

At a minimum bid price of P160,000 per square meter, the lot with a gross floor area of approximately 144,000 square meters is worth more than P23 billion.

In a press conference, Bases Conversion Development Authority (BCDA) president and chief executive officer Narciso Abaya said that aside from SM and Ayala Land, the Gokongweis through their property arm Robinsons Land and Megaworld have likewise expressed interest in joining the bidding.

Three international developers have also signified their intention to bid for the lot located in the expanded big delta in Fort Bonifacio.

These are Singapore-based Ascendas, American real estate mogul Donald Trump’s The Net-Trump Group and Hong Kong based Shangri-La Hotel. Because the lot is within the E-Square, an economic zone, the potential developer can avail of fiscal and non fiscal incentives given by the Philippine Economic Zone Authority (PEZA).

The former Government Center for Investment (GCI) is classified as mixed use meaning it can be a residential, office or commercial/retail complex. Abaya said the lot is at the “primest portion” of the Bonifacio Global City because it is along fifth avenue across the Fort and in the Gateway of City Center.

The lot is the only remaining available property in E-Square. Most of the lots have already been sold by the Fort Bonifacio Development Corporation to third party buyers.

The land was bidded out before but it failed since sale and transfer of titles were not allowed due to the mortgage on the lot.

However, Abaya assured that this time BCDA is allowing a sale or joint venture or a combination provided that bidders can address the mortgage issue.

This can mean that the bidder will propose a substitute facility that will allow BCDA to transfer titles or the bidders can opt to frontload the value of the property to pay off the mortgage.

“We are optimistic that the bidding will not only generate for BCDA revenues for conversion projects but more importantly it will further maximize values of the whole Bonifacio Global City,” Abaya said.

The Bonifacio Global City boasts of a central location that is a few minutes away from the Makati and Ortigas Central Business Districts, the airport and major thoroughfares like C-5.

It has world-class infrastructure that includes an underground drainage detention structure with the capacity to hold 22 million liters of water and release it under controlled conditions to prevent floods.

It also has a fiber optic cabling network to support a wide range of telephone, video and data applications.

I hope if they get that lot they would continue with their previous plan (years ago, after Podium was built) of putting up another Podium type of mall which sadly never pushed-thru. :(

3cr

September 10th, 2007, 09:12 AM

Yehey Manila Golf is looking green again! :banana: :banana: :banana:

Some Manila Golf View
http://i29.photobucket.com/albums/c277/patok/FBGC/BRview4.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/BRview5.jpg

http://i29.photobucket.com/albums/c277/patok/FBGC/BRview6.jpg

realtor_manila

September 10th, 2007, 09:42 AM

Sept 8, 2007

Lots of trees at BGC.....

This is at 3rd Avenue - the street where Net One, Net Square, and Net Cube are located.

http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_3266.jpg

kalbongdad

September 10th, 2007, 09:51 AM

nice pics...btw....has construction on the bridge that will supposedly link serendra already started?...yup that one...the one ...designed by lor calma...

3cr

September 10th, 2007, 09:51 AM

The public art sculptures (such as the one pictured below) in and around BGC look very nice as well!

Sept 8, 2007
http://i71.photobucket.com/albums/i143/cynchyap/BGC-2007/IMG_3263.jpg

kalbongdad

September 10th, 2007, 10:02 AM

The public art sculptures (such as the one pictured below) in and around BGC look very nice as well!

yup i agree....pero the bridge.....designed by lor calma....is one of a kind....its worth looking forward to....

3cr

September 10th, 2007, 10:08 AM

^^ Ah ya yung footbridge sa Serendra 2 (over 26th St.) will indeed be a beautiful and functional work of art. Like you looking forward to that one too maski na for exclusive use of Serendra unit owners lang yun! :okay: :okay:

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.

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.

At present, FDC is developing a 12-hectare residential resort community called Seascapes Resort Town in Mactan, Cebu. This is slated for completion by end of next year.

FDC earlier reported that its first-half net income grew five-fold to P1.9 billion from the same period last year, with the inclusion of its P1.3-billion gain from the sale by Filinvest Alabang Inc. of its shares in affiliate Filinvest Land Inc.

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

laquacherra

September 10th, 2007, 10:51 AM

nice pics...btw....has construction on the bridge that will supposedly link serendra already started?...yup that one...the one ...designed by lor calma...

yup i agree....pero the bridge.....designed by lor calma....is one of a kind....its worth looking forward to....

nope, it hasn't started. i think the bridge will come later... until after Aston is topped off at least since that area will be a mere construction site & will be off limits for the residents anyways

nayki

September 10th, 2007, 05:52 PM

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...

kalbongdad

September 11th, 2007, 08:12 AM

nope, it hasn't started. i think the bridge will come later... until after Aston is topped off at least since that area will be a mere construction site & will be off limits for the residents anyways

thanks....its a work of art...it would sure be nice to see the finished product....

thomasian

September 11th, 2007, 08:50 AM

I'd prefer to see it after The Aston, it will only be filled with dirt from The Aston's construction. Besides, there's no point in having a bridge that leads to a construction site.

kriskelv

September 11th, 2007, 03:59 PM

How much does a FAR 9 and FAR 12 lot in Fort Bonifacio cost per sq. m. now? Any of you guys have any ideas. Thanks!

laquacherra

September 12th, 2007, 03:40 AM

How much does a FAR 9 and FAR 12 lot in Fort Bonifacio cost per sq. m. now? Any of you guys have any ideas. Thanks!

better specify which area within Fort Bonifacio, IMO... price per sqm differs depending where the lot is at

kriskelv

September 12th, 2007, 04:32 AM

price inquiry is on e-square area.

3cr

September 12th, 2007, 08:59 AM

Fort Bonifacio has it's first Hotel in the bag! :banana: :banana: :banana:

5-star hotel to rise in Bonifacio
By Ronnel Domingo
Inquirer
http://business.inquirer.net/money/topstories/view_article.php?article_id=87188

MANILA, Philippines -- Fort Bonifacio Development Corp. and a property developer have agreed in principle to put up a five-star hotel that will cost up to $250 million in the Bonifacio Global City prime development area near the Makati business district, the government’s Bases Conversion Development Authority (BCDA) said.

Narciso Abaya, president of BCDA, which has a 45-percent stake in Fort Bonifacio Development, said the hotel would help boost a BCDA drive to encourage high-end tourist facilities in Bonifacio Global City.

Abaya declined to identify the hotel developer, saying the BCDA agreed to keep details confidential.

“We cannot talk about it for now, but the investment will range between $150 million and $250 million,” he said.

“We expect more high-end development activities to come in because of a project like this,” he added.

Abaya also said construction of a branch of St. Luke’s Medical Center in Bonifacio Global City was in full swing and the hospital would be operational by 2009.

“St. Luke’s will be a modern facility that would cater to local residents and people from all over the world,” he said.

Another project in Bonifacio Global City, formerly part of a military base, is a building for business process outsourcing companies, with a gross floor area of 30,000 square meters. A 31-story tower is also expected to be completed by 2010, under an agreement in which the Philippine Stock Exchange will put its two trading floors -- in Makati and in the Ortigas business district -- under one roof, Abaya said.

Completed or ongoing residential projects include Serendra, Forbeswood Heights, Kensington, Bellagio, Fairways, South of Market, and Fifth Avenue Place. Office buildings include Net Square, HSBC Building, Hanjin Philippines’ building, and the Singapore Chancery.

Abaya said an upswing in the real estate industry was sustaining the rapid growth of development in Bonifacio Global City.

Other projects in the former military base involve retail developments like the Bonifacio High Street, which is “on high gear, having completed seven buildings for retail tenants,” he said.

BCDA vice president Aileen Zosa said the BCDA was encouraging high-end projects such as hotels of at least five-star rating. She said China’s real estate development giant Shanghai Shimao group had expressed interest to develop a six-star hotel in the Bonifacio Global City.

____________________________________

Fort Bonifacio sees huge jump in earnings this year
By Likha C. Cuevas, Reporter
Manila Times

Fort Bonifacio Development Corp., a joint venture Bonifacio Land Corp. and government-owned Bases Conversion Development Authority (BCDA), forecasts its gross revenue for this year would jump on the back of increased lot sales and office and retail space leases.

Aniceto V. Bisnar, FBDC commercial operations head, said the company’s target gross revenues for this year is at least P2.5 billion. This is a 38.89-percent increase over last year’s actual gross revenues of P1.8 billion.

The developer of the 240-hectare Bonifacio Global City in Taguig has been discussing plans of putting up Class A buildings in the area, especially within the city center, with various interested parties.

“We have several investors who are studying their options for five-star hotel development. But we cannot disclose their names because they asked us for confidentiality as of the moment. But I can assure you that these are serious hotel operators,” Bisnar, concurrently Ayala Land, Inc.’s assistant vice- president, said.

The FBDC executive said there are three to four foreign and local groups discussing the possibility with the company and they are still studying the sites available in the city center.

The 36-hectare Bonifacio Global City center is the development’s prime area where the Serendra, Market! Market! and Bonifacio High Street.

According to Lou Reyes, FBDC chief finance officer, the company, which is enjoying a “healthy” financial condition, would fund its own projects.

“We have not borrowed any funds to basically put up the infrastructure. We finance it by ourselves and in case would there be any requirements, FBDC should be in a position to do the borrowing,” she said.

Last year, the company spent almost P2 billion for the further development of Bonifacio Global City and out of the planned P8-billion cash outlay for future projects, P1.8 billion would be shelled out this year, FBDC said.

bustero

September 12th, 2007, 01:16 PM

price inquiry is on e-square area.

Doubt if you can find one but roughly 13k accomodated on an FAR basis. Kung sa FBDC may tawad pa noon pero ngayon wala na.

3cr

September 13th, 2007, 01:47 AM

5-star hotel to rise in Bonifacio
By Ronnel Domingo
Inquirer
http://business.inquirer.net/money/topstories/view_article.php?article_id=87188

MANILA, Philippines -- Fort Bonifacio Development Corp. and a property developer have agreed in principle to put up a five-star hotel that will cost up to $250 million in the Bonifacio Global City prime development area near the Makati business district, the government’s Bases Conversion Development Authority (BCDA) said.

Narciso Abaya, president of BCDA, which has a 45-percent stake in Fort Bonifacio Development, said the hotel would help boost a BCDA drive to encourage high-end tourist facilities in Bonifacio Global City.

Abaya declined to identify the hotel developer, saying the BCDA agreed to keep details confidential...

...Another project in Bonifacio Global City, formerly part of a military base, is a building for business process outsourcing companies, with a gross floor area of 30,000 square meters. A 31-story tower is also expected to be completed by 2010, under an agreement in which the Philippine Stock Exchange will put its two trading floors -- in Makati and in the Ortigas business district -- under one roof, Abaya said.

^^ Fort Bonifacio's unified PSE at 31 stories is not that tall so I hope it compensates with awe-inspiring jaw-dropping architecture being located in a very visible location within Global City (City Center along 5th Ave.) . :) :) :)

laquacherra

September 13th, 2007, 05:28 AM

Ayala Land pushing ‘green’ structures in UP, Laguna sites

ENVIRONMENTALLY AND economically sustainable buildings will no longer simply be pipe dreams within the next 18 months.

As part of its continuing efforts to develop more "green buildings," an office tower that will be constructed by ALI and other partners at Bonifacio Global City to house the Philippine Stock Exchange will go one step further.

The building to be completed by 2010 will be designed so that every work station will be no further than 12 meters from a window and natural light.

"It just makes a lot more sense to be environmentally conscious," said Mr. Ahorro in the statement.

While it may initially cost more to construct a district cooling facility or a water recycling system, all these translate to significant savings. The innovations mean lower overhead costs — not only for the building owner but also for its lessors.

complete article at http://www.bworldonline.com/BW091307/content.php?id=101

realtor_manila

September 13th, 2007, 01:12 PM

As part of its continuing efforts to develop more "green buildings," an office tower that will be constructed by ALI and other partners at [b]Bonifacio Global City to house the Philippine Stock Exchange will go one step further.

The building to be completed by 2010 will be designed so that every work station will be no further than 12 meters from a window and natural light.

Anyone knows the groundbreaking date of the Phil Stock Exchange Building at BGC?

Edmundtanso

September 13th, 2007, 04:51 PM

3cr

September 16th, 2007, 08:02 AM

5-star hotel to rise in Bonifacio
By Ronnel Domingo
Inquirer
http://business.inquirer.net/money/topstories/view_article.php?article_id=87188

MANILA, Philippines -- Fort Bonifacio Development Corp. and a property developer have agreed in principle to put up a five-star hotel that will cost up to $250 million in the Bonifacio Global City prime development area near the Makati business district, the government’s Bases Conversion Development Authority (BCDA) said.

Narciso Abaya, president of BCDA, which has a 45-percent stake in Fort Bonifacio Development, said the hotel would help boost a BCDA drive to encourage high-end tourist facilities in Bonifacio Global City.

Abaya declined to identify the hotel developer, saying the BCDA agreed to keep details confidential...

...Another project in Bonifacio Global City, formerly part of a military base, is a building for business process outsourcing companies, with a gross floor area of 30,000 square meters. A 31-story tower is also expected to be completed by 2010, under an agreement in which the Philippine Stock Exchange will put its two trading floors -- in Makati and in the Ortigas business district -- under one roof, Abaya said.

^^ Wondering where in this Fort Boni map will the future unified Philippine Stock Exchange be along 5th Avenue? Will they be breaking ground soon? 2010 will be just around the corner! :) :) :)

Here's an updated map of BGC, inedit ko lang sya thru Photoshop...

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

nayki

September 16th, 2007, 05:38 PM

May monument ba si Andres Bonifacio sa BGC?

laquacherra

September 17th, 2007, 04:16 AM

Living the high life
BY IKKA C. DE GUZMAN

You work in it, you play in it, the next logical step would be to live in it. At
least on the weekdays.

Such is the modern executive’s mantra, and such is the appeal of the new-generation top-of-theline residentials sprouting up in Metro Manila’s business enclaves.

“One important facet of [high-rise dwelling] is proximity and interconnectedness, the strong linkage between place of residence, place of work and place of entertainment. The work-liveplay concept is essentially what drives the residential development vertically,” says Jose Danilo Silvestre, dean of the University of the Philippines College of Architecture and principal architect and planner for DA Silvestre Associates (DASA).

Although high-end condominiums have been around the metro since the 1980’s, especially along Ayala Avenue, Mr. Silvestre points out that rising land values in central districts, in part due precisely to their contiguity to the emerging work-live- play environment, are forcing top honchos to rethink their lifestyle preferences.

“A nice sprawling spot in Manila’s polished subdivisions still attracts well-heeled buyers, but eventually, the pressure of land values will essentially drive the market to develop these highend properties into vertical developments,” he details.

This might mean chucking the Makati manor in favor of a relatively
smaller condo unit and a weekend villa in a nearby province. Older executives, who were proud homeowners of posh houses in centrally located subdivisions have been handing out their abodes to the next generation, and moving into low maintenance but similarly luxurious condo units.

“These villages — Forbes, Dasmariñas — were developed way back in the 1950’s, when Metro Manila was not as congested and polluted, and living with your family in a single detached housing minutes away from your place of work was the sensible thing to do. In developed countries like Japan and Korea, it is very rare to find high-end subdivisions in the city proper anymore, despite of the extreme wealth of the citizens of these nations,” he adds.

The trend is now slowly reaching the Philippines, where more upper-end subdivisions have moved out to suburban areas, and more urban denizens preferring to stay out of the city in the weekends. Residential resort communities like Filinvest Land, Inc.’s Timberland Heights, generates appeal both for its 15-minute distance from Quezon City and its mileaway distance from the city’s stressful setting. The 40-hectare Mandala Residential Farm Estates would allow residents to engage in various hobby farming activities, while the Banyan Ridge offers lots with unobstructed views of the township’s greeneries and portions of the metropolis. The short work-to-home route still applies, albeit in a different framework.

New business districts like Fort Bonifacio and Eastwood City are conjuring new high-rise residential options as fast as they construct commercial spaces. And they’re beefing up on the menu as well.

Fort Bonifacio’s x-factor comes from its well- planned and manicured surrounds and the burgeoning play strip of Bonifacio High Street, while Rockwell’s allure is boosted by prime shopping destination Power Plant Mall and its outdoor dining choices. Because of their safety and pleasant environment, the why-walk-when-you-have-acar mentality, unabashedly inherited from the Americans, is now slowly being replaced with families strolling hand-in-hand to do their shopping outside or to go to the nearby church.

With most chief executive officers being family heads as well, executive dibs these days are in fact zipping past the emergent work-live-play triumvirate with the added functional features of education and health, all in the same compound. Fort Bonifacio has the International School and the new St. Luke’s Medical Center, Rockwell has the Ateneo Graduate School of Business, and Ortigas has Poveda College, University of Asia and the Pacific, and Medical City, among others. The condominiums themselves, borne out of fresh architectural trends, have largely shed the Eastern European signature cement look of past decades for more suitable, contemporary designs, both inside and out.

“The utilitarian orientation of a condo unit is still there, but the market is getting more selective, they’re getting, I would say, harder to please: You’ve got to add the amenities, you’ve got to add the safety, and that is a challenge to architecture,” Mr. Silvestre says.

Ayala Land Premier’s One Serendra complex in Bonifacio Global City, for example, hits the right note with its low density, low- to medium-rise buildings and its distinct Filipino bahay-nabato design, stylish and highly suitable for tropical weather with its natural ventilation. Space, a lot of it, is of utmost importance in choosing a unit. High ceilings, floor to ceiling glass windows, expansive views — these features give an instant laidback feel plus breathing space, a rare commodity in the city, to those who can afford the extra square meters.

Another strong selling point is the idea that plush condo living exudes a suburban ambience while actually being in the middle of all the action. Privacy, and exclusivity to a certain extent defines true adherence to upper class doctrines. Standard amenities include an indoor or outdoor swimming pool, a fully equipped gym, sports venues like tennis and basketball courts, kiddie play areas, function rooms and even business centers. Round-the-clock service staff and reliable security are also part of the package.

Smart home management systems, once regarded as a distant domestic dream, are literally giving life to high-end homes. From multifunctional remote controls to sophisticated intruder alarms, being wired nowadays doesn’t only mean having WiFi access in your unit, it also means being able to monitor your house through your mobile phone’s camera. “Soon enough, executives will be able to access their office servers or hold their teleconferences at home using a remote device, and they can do that while shaving or eating breakfast,” he says.

With metropolitan Manila reaching its saturation point and the capital’s road and transportation network still in a weary state, Mr. Silvestre says the dual home setup — a condo in the city and a rest house in the suburbs — will become the norm of future Metro Manila.

“In most major cities nowadays, what you will find is that almost any place in the metropolis will not take longer than an hour to get to from any other point. This is not yet the case in Metro Manila.” The planned linkage of the North Luzon Expressway to the South Luzon Expressway, as well as additional MRT/LRT lines might help traffic become more manageable, and Mr. Silvestre says that improved transportation lines and better peace and order might eventually prompt highranking executives to commute, enabling them to dispose of the central condo unit and maintain only one home in a satellite district.

For the meantime, they can have the best of both worlds.

complete article at http://www.bworldonline.com/BW091707/today.php

laquacherra

September 17th, 2007, 04:54 AM

May monument ba si Andres Bonifacio sa BGC?

yes there is... it's called Ang Supremo by Ben-hur Villanueva... check it out here... http://www.fbdcorp.com/06_environment02.htm

laquacherra

September 17th, 2007, 05:23 AM

Anyone knows the groundbreaking date of the Phil Stock Exchange Building at BGC?

i haven't come across anything specific about it yet... let's just watch out for an MDC crane sprouting in the city center area :lol:

kalbongdad

September 17th, 2007, 07:04 AM

i haven't come across anything specific about it yet... let's just watch out for an MDC crane sprouting in the city center area :lol:

supposedly it is an iconic building....hopefully the design....will be one of a kind ..who knows the philippines might just be known for that bldg...just like dubai with the burj al arab....that sailboat looking bldg...

bustero

September 18th, 2007, 05:09 AM

Serendra may be many things but low density it is not.

I'm also interested how he says it's normal to have a condo in the city and a house in the suburb when the Manila has a housing problem. :lol:

Living the high life

Ayala Land Premier’s One Serendra complex in Bonifacio Global City, for example, hits the right note with its low density, low- to medium-rise buildings and its distinct Filipino bahay-nabato design, stylish and highly suitable for tropical weather with its natural ventilation. Space, a lot of it, is of utmost importance in choosing a unit. High ceilings, floor to ceiling glass windows, expansive views — these features give an instant laidback feel plus breathing space, a rare commodity in the city, to those who can afford the extra square meters.

Another strong selling point is the idea that plush condo living exudes a suburban ambience while actually being in the middle of all the action. Privacy, and exclusivity to a certain extent defines true adherence to upper class doctrines. Standard amenities include an indoor or outdoor swimming pool, a fully equipped gym, sports venues like tennis and basketball courts, kiddie play areas, function rooms and even business centers. Round-the-clock service staff and reliable security are also part of the package.

With metropolitan Manila reaching its saturation point and the capital’s road and transportation network still in a weary state, Mr. Silvestre says the dual home setup — a condo in the city and a rest house in the suburbs — will become the norm of future Metro Manila.

“In most major cities nowadays, what you will find is that almost any place in the metropolis will not take longer than an hour to get to from any other point. This is not yet the case in Metro Manila.” The planned linkage of the North Luzon Expressway to the South Luzon Expressway, as well as additional MRT/LRT lines might help traffic become more manageable, and Mr. Silvestre says that improved transportation lines and better peace and order might eventually prompt highranking executives to commute, enabling them to dispose of the central condo unit and maintain only one home in a satellite district.

For the meantime, they can have the best of both worlds.

complete article at http://www.bworldonline.com/BW091707/today.php

pau_p1

September 18th, 2007, 06:50 AM

well that is true if you are living a 'high' life.... but it does not apply for the general public..

3cr

September 18th, 2007, 07:41 AM

Taguig adopts 2 electronic innovations
The Philippine Star
http://www.abs-cbnnews.com/storypage.aspx?StoryId=92882

Taguig Mayor Sigfrido Tiñga announced Monday that the city government will introduce a number of electronic innovations to realize their vision of making Taguig the country’s premier district.

He said that based on their plan, the city government will adopt two electronic innovations – the Integrated Service Information Software (ISIS) and the Taguig City Card.

ISIS is an on-line system that links business establishments directly to the city government, making available on-line all government-related transactions including property assessment and taxation, land use, zoning and planning, business permit and license issuance, and other services.

“With ISIS, there is no need for businesses to go to the city hall for such transactions. There is no more bureaucracy, no more red tape, and reduced government intervention and regulation,” Tiñga said.

The Taguig City Card is the city’s unified identification (ID) card system, which gives special privileges to cardholders, from discounts to job opportunities in resident Taguig businesses.

“This ID will serve as the access point to value-added services and will ensure that the right kind of services are delivered to the constituents,” Tinga added.

According to Tiñga, the plan, called the “Taguig Development Formula,” is the realization of the city’s three goals – improved delivery of basic services, more economic opportunities and increased people participation.

With this commitment to facilitate business in Taguig, Tiñga challenged businessmen to get involved not just in the city’s economic progress but also in the promotion of social welfare by joining in the local government’s social development initiatives such as its public housing projects.

In the recent 3rd Taguig Business Council (TBC) annual stakeholders’ meeting, Tiñga said “we in the local government continue to explore ways in making Taguig more business-friendly by lowering our tax rates and offering other incentives. We, on the other hand, ask you to do your part, by helping us improve the quality of life here.”

Business leaders who attended the TBC meeting expressed their support for Tiñga’s new programs.

“We believe in Taguig’s potential as the next central business district in the country. We already have existing projects with the Taguig local government, and we are looking forward to expanding this relationship in the future,” said Brandon Chia of the High Desert Group.

Established in 2005, the TBC is a partnership between the local government and the private sector to fasttrack the development of the city.

_____________________________________

SC affirms Taguig’s jurisdiction over prime lots at the Fort
Malaya
http://www.malaya.com.ph/sept19/metro2.htm

THE Supreme Court on Tuesday affirmed the territorial jurisdiction of Taguig City over prime lots in the Fort Bonifacio military reservation which are also being claimed by Makati City.

The SC en banc denied for lack of merit the petition filed by Makati seeking a reversal of the Court of Appeals’ decision denying its motion for reconsideration to declare the preliminary injunction over the area subject of the boundary conflict as functus officio, or to be dissolved.

Functus officio has been defined as legally defunct.

The SC said the CA did not err when it affirmed the orders of Branch 153 of the Pasig regional trial court denying Makati’s bid to claim what is known as the "inner Fort" or the camp proper.

All magistrates concurred with the decision except Associate Justice Dante Tinga who took no part due to his relation with current Taguig Mayor Freddie Tinga and his previous position as mayor of Taguig.

The high court agreed with the arguments of Taguig that there was nothing unlawful or improper in its construction of a police station in any part of the "inner Fort," considering that it was only exercising its jurisdiction.

Taguig filed with the Pasig RTC on Nov. 22, 1993 a complaint for judicial confirmation of the territory and boundary limits of Taguig. In its complaint, Taguig described its territory as having a total land area of 4,520.6913 hectares, bounded on the northwest by Makati; on the north by the Pasig River, Pateros and Pasig; on the east by Taytay; on the south by Muntinlupa, and on the west by Parañaque.

The complaint alleged that despite several documents and by virtue of Presidential Proclamations 2475 and 518, dated Jan. 7, 1986 and Jan. 31, 1990, respectively, certain parcels of land inside the Fort were erroneously declared as situated within Makati.

Through the said proclamations, Makati got 74 hectares of wide open spaces consisting of farmlands in Cembo, South Cembo, West Rembo, Comembo, Pembo and Pitogo, over all of which Makati has since 1985 been unlawfully exercising jurisdiction.

Smile100

September 18th, 2007, 09:23 AM

KYopehiukoE
Aston Serendra (http://youtube.com/watch?v=KYopehiukoE)

EfYSwHLJhd8
Crescent Park Residences (http://www.youtube.com/watch?v=EfYSwHLJhd8)

_ZAaTlCuh_c
Trion Towers (http://youtube.com/watch?v=_ZAaTlCuh_c)

lGhvzuZA8eY
Bellagio 3 (http://youtube.com/watch?v=lGhvzuZA8eY)

-YR93y5Ja70
Fort Palm Springs (http://youtube.com/watch?v=-YR93y5Ja70)

3cr

September 21st, 2007, 07:19 AM

What happened to the Kuok / Shangri-La? Have they dropped out of the running? :?

ALI, 7 others eye gov’t prime lot in Global City
By Ma. Elisa P. Osorio
PhilStar
http://www.philstar.com/index.php?Business&p=49&type=2&sec=27&aid=2007092078

Top real estate developers including Ayala Land Inc. and Gokongwei-led Robinsons Land have expressed interest in bidding for government owned multi-billion prime lot in Bonifacio Global City.

In a statement, the Bases Conversion Development Authority (BCDA) said that Century Properties, Filinvest Land, IPM Realty Corp., and Landco Pacific have also expressed interest in bidding for government-owned prime lot in Bonifacio Global City.

Two foreign firms, American firm Net Group of billionaire Donald Trump and Singapore based Ascendas have likewise submitted their letter of intent to bid for the one of the most prime lots in Bonifacio Global City.

The BCDA has extended the deadline for the issuance of the terms of reference (TOR) to Sept. 21 while the submission of proposals has been set on Nov. 5.

BCDA president Narciso Abaya said he is optimistic that the bidding will not only generate revenues for conversion projects but more importantly, further maximize values of the whole Bonifacio Global City.

“The lot is the remaining lot in E-Square since most of the E-Square lots were already sold by Fort Bonifacio Development Corp. (FBDC) to third party buyers,” Abaya said.

The land was bidded out before but it failed since sale and transfer of titles were not allowed due to the mortgage on the lot.

However, Abaya assured that this time BCDA is allowing a sale or joint venture or a combination provided that bidders can address the mortgage issue. This can mean that the bidder will propose a substitute facility that will allow BCDA to transfer titles or the bidders can opt to frontload the value of the property to pay off the mortgage.

With the current pace of investments taking place, the development of the Global City is on track in making it one of the country’s key international business districts.

Because the lot is within the E-Square, an economic zone, the potential developer can avail of fiscal and non fiscal incentives from the Philippine Economic Zone Authority (PEZA).

The former Government Center for Investment (GCI) is classified as mixed use meaning it can be a residential, office or commercial/retail complex.

Abaya said the lot is at the “primest portion” of the Bonifacio Global City because it is along fifth avenue across the Fort and in the Gateway of City Center.

The Bonifacio Global City boasts of a central location that is a few minutes away from the Makati and Ortigas Central Business Districts, the airport and major thoroughfares like C-5.

It has world-class infrastructure that includes an underground drainage detention structure with the capacity to hold 22 million liters of water and release it under controlled conditions to prevent floods. It also has a fiber optic cabling network to support a wide range of telephone, video and data applications.

_______________________________

Wow 52 projects from 2006 to 2007 alone! Fort Boni is really booming with activity! :okay: :okay:

Eight firms submit letters of intent for Fort Bonifacio property
Bernardette S. Sto. Domingo
Business World
http://www.bworldonline.com/BW092107/content.php?id=042

TOP PROPERTY developers in the country are eyeing the Bases Conversion Development Authority’s (BCDA) P2-billion prime lot in the Bonifacio Global City.

BCDA Vice-President for Business Development Aileen R. Zosa said in a statement that eight companies had submitted letters of intent during a pre-bidding conference last Sept. 10.

BCDA oversees development of former military lands.

The property set for sale or joint venture is part of the state-owned agency’s asset disposition program.

The 1.2-hectare lot, known as the expanded big delta lots and formerly the Government Center for Investments, is for mixed-use development.

It covers a minimum bid price of P160,000 per square meter.

Ms. Zosa said BCDA stands to earn a minimum of P1.9 billion from the disposition.

Those who participated in the pre-bidding conference were Ayala Land, Inc., Singaporean firm Ascendas, Century Properties, Inc., Filinvest Land, Inc., IPM Realty Corp., Landco Pacific Corp., Net Group, and Robinson’s Land Corp.

Ms. Zosa said BCDA had extended the deadline for the issuance of the terms of reference until today while submission of proposals was set on Nov. 5.

The property could be developed into residential, office and commercial or retail complex.

"Developers can avail of incentives from the Philippine Economic Zone Authority (PEZA) if the project is qualified and registered under PEZA rules and law," Ms. Zosa said.

She added that the lot is located at the e-square area, which is classified as a PEZA economic zone.

"The lot is the remaining lot in e-square since most of the e-square lots were already sold by Fort Bonifacio Development Corp. to third party buyers," BCDA President Narciso L. Abaya added.

The BCDA earlier said it generated a total of P38.3 billion from its asset disposition program as of Aug. 31. It said 80% of the total or P30.36 billion came from Fort Bonifacio, P4.78 billion from lease and joint ventures, P1.9 billion from sales proceeds, and P1.245 billion from securitization of assets.

From 2006 to 2007, 52 projects would have been completed, among them Serendra, Forbeswood Heights, Kensington, Bellagio, Fairways, among others; office buildings such as Net Square, Hanjin Philippines, and the Singapore Chancery. Also included are retail and office developments like Bonifacio High Street.

The Bonifacio Global City boasts of a central location that is a few minutes away from the Makati Central Business District, the NAIA Terminal 3, C-5 and the Ortigas area.

The Global City also boasts of world-class infrastructure that includes an underground drainage detention structure with the capacity to hold 22 million liters of water and release it under controlled conditions to prevent floods.

kriskelv

September 21st, 2007, 06:04 PM

Yea what happened to Shangri-La? I was wondering too 3cr. I hope they get the lot or atleast the group of Donald Trump gets it, not some local firm again so Fort Boni will get more attractive. Any updates on The Luxe Residences?

--SuperB0y--

September 21st, 2007, 11:34 PM

oo nga sana nga si Donald Trump na lang makakuha! but i hope shang will buily its hotel sa city center very soon. so far ala pang movement sa city center eh except of course sa VS tower.

bustero

September 23rd, 2007, 01:52 AM

I think they're looking at another lot.

3cr

September 23rd, 2007, 07:18 AM

^^ Thanks for the scoop Peter/Bustero. Glad to find out that the plans for a BGC Shangri-La hotel is still a go. Btw don't they (KUOK Grp.) already have/own a lot in Fort Boni? If they still have it, I wonder if perhaps they'll just build their Hotel there instead? Btw I wonder if the article below is refering to Shangri-la?

5-star hotel to rise in Bonifacio
By Ronnel Domingo
Inquirer
http://business.inquirer.net/money/topstories/view_article.php?article_id=87188

MANILA, Philippines -- Fort Bonifacio Development Corp. and a property developer have agreed in principle to put up a five-star hotel that will cost up to $250 million in the Bonifacio Global City prime development area near the Makati business district, the government’s Bases Conversion Development Authority (BCDA) said.

Narciso Abaya, president of BCDA, which has a 45-percent stake in Fort Bonifacio Development, said the hotel would help boost a BCDA drive to encourage high-end tourist facilities in Bonifacio Global City.

Abaya declined to identify the hotel developer, saying the BCDA agreed to keep details confidential.

“We cannot talk about it for now, but the investment will range between $150 million and $250 million,” he said.

“We expect more high-end development activities to come in because of a project like this,” he added.

BCDA vice president Aileen Zosa said the BCDA was encouraging high-end projects such as hotels of at least five-star rating. She said China’s real estate development giant Shanghai Shimao group had expressed interest to develop a six-star hotel in the Bonifacio Global City.

kalbongdad

September 24th, 2007, 06:11 AM