iPlaza yung official name nung AMA tower, yung malalim na hukay for almost 2 decades.

huh... wala nang hukay dun sa AMA site... kasi built up na yung lower floors nun....

would someone know where in BF Sucat will Robinson's supermarket rise?

excited ako sa Globe Telecom Headquarters at Global City! sana maganda yung project nila. :banana:

Any idea regarding the exact location and groundbreaking date?

Does this mean Globe will leave their Pioneer office?

It's inside BF Homes Paranaque, on Tropical Avenue near corner El Grande Avenue, if I am not mistaken.

I just noticed yesterday that the building beside the site of Eton along Legaspi St across Greenbelt is also being demolished.. any idea what will rise there?

I just noticed yesterday that the building beside the site of Eton along Legaspi St across Greenbelt is also being demolished.. any idea what will rise there?

If I'm not mistaken, that lot is for the GSIS-San Miguel hotel project that was disclosed by the 2 parties last September 5.

If I'm not mistaken, that lot is for the GSIS-San Miguel hotel project that was disclosed by the 2 parties last September 5.
i thought that the gsis-smc property was closer to senta

Any idea regarding the exact location and groundbreaking date?

Does this mean Globe will leave their Pioneer office?

i have no idea actually but here's a scan of a proposal to manage the project ;)

http://img29.picoodle.com/data/img29/3/9/12/f_untitledm_12631cb.jpg

there are actually several pages of this doc hehehe, and there's a timetable of the project. from 2008-2011. but it doesn't say anything about the exact location.

papano ung ayos ng master plan s site ng pagcor city di ko maimagine e

Passed by Cubao yesterday and I noticed that the old abandoned theater, along EDSA near the corner of Aurora Boulevard and adjacent to ACT theater, has a tarpaulin saying that the property is for sale through public auction with the contact numbers of 3 individuals. That property is really an eyesore together with ACT theater and I am really hoping that a major developer gets to buy this property and create a major development. Megaworld should be interested since it's so close to its Manhattan project.

^^Good news. That is a prime property, yes MW or the Aranetas must be very interested.

Fort Bonifacio development update...

The Fort: A frenetic pace of development
By Tina Arceo-Dumlao
Philippine Daily Inquirer
09/21/2008
http://business.inquirer.net/money/features/view/20080921-162051/The-Fort-A-frenetic-pace-of-development

THE former military base in Fort Bonifacio, Taguig City, is a picture of frenetic construction activity.

Huge cranes operate day and night to pour concrete into new office buildings, residential condominiums, schools and hospitals that will change yet again the skyline of this new central business district.

Orchestrating the development is the Bases Conversion and Development Authority, a government corporation formed in 1992 to convert the former US military bases and Metro Manila military camps into centers of economic growth.

BCDA, under chair Aloysius R. Santos, is on its way to fulfilling its mission, not just in the former Fort Bonifacio, but in its other areas of responsibility, including the Clark and Subic military reservations and Camp John Hay in Baguio City.

Santos recently sat with the Inquirer and discussed how far Fort Bonifacio has come in terms of development and where he wants to see it go under his watch.

Q: What was the state of development of Fort Bonifacio when you came in?

A: When I assumed the chairmanship of the BCDA in November 2006, the development of the Bonifacio Global City was already being undertaken both by Fort Bonifacio Development Corp., which is controlled and managed by the Ayala-Campos Group for a 150-hectare-area joint venture with BCDA, and by BCDA itself for the other BGC areas.

From the prolonged real estate crisis that started in 1997, it was only in 2007 when land values and rental values in Bonifacio Global City recovered and returned to the pre-1997 levels. It was only in 2007 where land prices have again reached more than P135,000/sq.m., together with office rental values at P700-1,000/sq.m. and rental rates for high-end condominium units like Pacific Plaza Towers at more than P200,000 per month. Also in 2007, Pacific Plaza units have sold at the P28- to P32-million level, which were the prices at its onset.

There were relatively few completed and startup projects in Bonifacio Global City when I first came on board. In 2003, there were only seven projects completed, bringing the total accumulated projects from the very beginning to only 28, with a developed gross floor area (GFA) of 718,000 sq.m. By 2006, there were nine projects completed for the year, bringing the total to 51 projects completed, covering 798,000 sq.m. of GFA.

In 2007, there were 17 projects completed, the highest for one year in the history of Bonifacio Global City, bringing the accumulated total to 68 projects, covering 1,051,000 sq.m. GFA.

This trend is clearly being sustained because there will be 14 projects completed by 2008, accumulating to 82 total projects of 1,359,000 sq.m. Not only were there more projects completed but the projects covered more gross floor area and would double the gross floor area in a span of only two years.

Based on building applications so far received, and including the Expanded Big Delta lots, which were recently sold to the Net Group headed by Charlie Rufino and Jacques Dupasquier, there will be 128 total projects completed in 2012, covering 2.6 million sq.m. of GFA.

In real terms in 2006, we only had the schools, very few office buildings like Net One and Net Square, and several residential condominiums like Pacific Plaza and Essensa. Market! Market! opened only in 2004. Bonifacio High Street and the Serendra retail strip only became fully operational in 2007.

This year, the 66-story Shangri-La Hotel commenced construction and, by the end of 2008, we shall break ground both for the 50-plus-story Philippine Stock Exchange Buildingand the Science Museum.

The development of the North Bonifacio (North Boni) area, bounded by Kalayaan Avenue and which comprises about 25.8 hectares, started in the first quarter of this year. The North Boni area includes the Metrobank/Federal Land [property] with 10.5 has., within which will rise a 66-story tower to house an international five-star hotel.

Q: What do you think are the factors behind the frenetic pace of development today?

A: Starting 2007, there were many factors which contributed to this fast-paced development of Bonifacio.

We start with the takeover of Ayala Land Inc. and the Campos Group in FBDC, which brought a fresh wave of confidence and optimism in the development of Bonifacio Global City, coupled with the infusion of new capital and substantial resources.

Secondly, the admirable growth of the Philippine economy brought new investments to Bonifacio.

Thirdly, the remittances of the overseas Filipinos (workers, balikbayans and professionals) fueled the residential market.

Fourthly, the growth of the call centers and BPOs spurred the office sector as well as the residential and retail/entertainment sectors.

Fifth, the government and BCDA embarked on an honest-to-goodness privatization program which encouraged and set the environment for more investments and public-private sector partnership.

As importantly, a major factor is the BCDA organization itself, which drives BCDA’s contribution to this frenetic pace of development not just in Bonifacio but also in other former military bases as well.

Under its charter, BCDA’s main strategy for conversion, development and disposition is privatization. BCDA -- from its board, to its management, and down to its staff members -- believes and advocates close partnership with the private sector. The pivotal and crucial role of the private sector is recognized and highly regarded. The BCDA Board is a multidisciplinary and collegial decision-making body composed of representatives from the private sector, the labor sector, experts from the academe, practitioners in finance and business and socio-civic organizations.

Q: What was the major turning point?

A: The main turning point is the turnaround of the real estate sector in the latter part of 2006, hand-in-hand with the robust economic growth of the Philippines in 2007.

Q: Do you see growth continuing? Why or why not?

A: Growth will continue. Overseas Filipinos will continue to invest and the BPOs will continue to grow. In fact, the near-recession situation in the United States is spurring major US companies to outsource business processes because of lower costs.

Many international investment funds and foreign investors, especially China, continue to be very bullish on Philippine real estate.

With sustained growth of the Philippine economy, there still remain major opportunities, especially with the support of President Macapagal-Arroyo’s administration and her policy to attract and encourage foreign investment in this area of land development.

Admittedly, there are present vulnerabilities that are apparent, like price increases in construction materials, rising world oil prices, weakening of the US economy and those of other western economies, the subprime crisis in the US, and the decline of several stock markets abroad, including that of the Philippines. Today, we have double-digit inflation, which is evident in increasing food prices and even a slight uptick in interest rates despite the liquidity of the banking system.

For Fort Bonifacio, however, I can still see growth even in the face of these threats because, overall, the Philippine real estate industry has a life of its own, and the development here at the Fort has gained momentum due to its model-city quality-of-life development.

Q:. What is driving the growth of the real estate industry in general?

A: First, continuing growth of Philippine economy. Second, growing overseas Filipino workers remittances, projected to be at $16 billion (as per data from the Bangko Sentral ng Pilipinas) this year. Third, continuous growth of the BPO sector. As per Megaworld, which is developing four major BPO hubs, two of which are in Global City, BPO demand here in RP will not only increase but will be accelerated.

Q:. What do you think makes Fort Bonifacio unique and in a position to attract a lot of investments?

A: Fort Bonifacio is unique because :

• Its location, being next-door to the Makati Central Business District and near access to the Naia Airport (Naia Terminal 3 is on BCDA property);

• It is world-class (underground utilities, infrastructure, design standards, anchor locators, etc.);

• Presence of a major state-of-the-art hospital—St. Luke’s —which will be the model for hospital tourism in Southeast Asia;

• It has ample open spaces, amenities, and institutional areas (largely for education) to serve its locators;

• It is not congested like Makati, and will not be congested because of the strict adherence to the floor-area-ratio (FAR) where, as they say, buildings are allowed to breathe, and having in place a master plan of high international standards;

• It builds on the name of Ayala, Megaworld and other well-known and credible developers;

• It offers a quality of life than most developments; and,

• The support provided by the city government of Taguig.

Q: Does BCDA just accept any investment or does it screen buyers? If you do weigh investments, what do you look at when evaluating project proposals?

A: In Fort Bonifacio, as well as for the other former military camps in Metro Manila, BCDA always uses a competitive selection process, e.g., bidding, for the developers/buyers/joint venture partners.

Moreover, it is not just the price that is a consideration in the privatization and dispositions of real estate assets of
BCDA, but more importantly, the reputation of the JV partner or of the property buyer.

Thus, BCDA seriously considers the financial and technical capability, commitment, credibility and track record/reputation of its developers. A developer should be able to bring great value to the development. As a result, BCDA selects only the best developers as partners or as property buyers.

Q:. How do you see Fort Bonifacio five years from now? What is your vision for the Fort?

A: In five years, Fort Bonifacio will continue to be a rapidly developing global city, involving major foreign investor/developers. As mentioned earlier, the development has already shifted from the Expanded Big Delta Lots, which is in its eastern portion, adjacent to Manila Golf, to the North Bonifacio area.

Presently, BCDA is jointly developing roads and utilities in North Bonifacio with Metrobank/Federal Land as well as with FBDC.

So, from the residential-dominated development at the onset, development will be more oriented to that of offices, commercial, entertainment and even institutional. Bonifacio shall be a primary business district with a strong mix-use component.

BCDA intends to push the frontiers of Bonifacio towards the south to link with the Villamor and Nichols Base areas. Already, BCDA is preparing the development and disposition plans for its remaining properties, south of Bonifacio Global City, to be called Bonifacio South, covering 93 hectares. This will be another major-scale development which should attract more investors, both foreign and local.

Aside from being the home of passionate minds, Bonifacio Global City will be a city with a vibrant soul. The amenities that are sometimes forgotten in the single-minded pursuit of real estate profits shall be established. Examples are cultural centers, convention centers, concert halls, art centers, sports stadium, science museum, parks and plazas, and even a civic center.

Bonifacio will be the showcase of successful public-private sector partnership.

Bonifacio shall be a City for the Mind, the Body, and the Soul, and as its motto states—“The Way Life Should Be.”

uy buti napost na yang article na yan... I've read that one yesterday sa newspaper and it looks like a very good article..

rumor has it, sa likod ng st.lukes yung globe headquarters. don't know if this is true, yet worth mentioning since wala pa naman confirmation.:)

and very promising. sabi nga nila, you can never go wrong when investing in FB global city.

Makati Med gets fiscal incentives for expansion
Manila Standard Today,
September 26, 2008

Medical Doctors Inc., operator of Makati Medical Center, will invest P1.672 billion to expand its facilities amid rising demand for quality health-care services.

This is the biggest investment approved by the Board of Investments in its meeting on Sept. 24. Close to P3 billion worth of 13 new projects were approved in that meeting to avail of perks from the board.

The other projects were the P413-million mass housing project of P. A. Alvarez Properties and Development Corp. in San Pedro, Laguna; P307-million mass housing project of Stateland Inc. in Imus, Cavite; P200-million tuna processing facility of A & J Seafoods and Marine Products Inc. in General Santos City; and P173.8-million horizontal mass housing project of Crown Communities (Cagayan) Inc. in Cagayan de Oro City.

Makati Medical Center is pursuing its P1.672-billion expansion, including the construction of a P900-million new 12-story building following the infusion of additional capital from Metro Pacific Investments Corp. led by businessman Manuel Pangilinan.

The company operates a 500-bed tertiary hospital within the Makati central business district. It has over 1,000 specialists and sub-specialist physicians and 1,527 regular employees. The current facility is not registered with the investments board.

The expansion involves the construction of a new building that will house state-of-the-art equipment and world-class facilities such as diagnostic and treatment centers, as well as operating and delivery rooms. There will also be provision for parking. Elaine Ramos Alanguilan

http://i530.photobucket.com/albums/dd350/RonnieR_2008/Septemberparties287.jpg

I didn't see a thread for this project. Eco Plaza along Pasong Tamo Ext., Makati City

may surprise ang SM sa las piñas.....

^^ Magkakaroon ng din ng annex?

you mean the SM Southmall will have an annex?

meron plan na sm las pinas extension. definitely part nun may call center tulad ng Sm fairview expansion

sabagay, madaming open spaces around Southmall, puro parking lot pa hehe

some shots I took last Friday... kapapagawa ko lang kasi ng camera ko hehehe..

Icon and Forbeswood Parklane..
http://img.photobucket.com/albums/v162/pau_p1/DSC07916.jpg

Crescent Park Condos and U/Cs
http://img.photobucket.com/albums/v162/pau_p1/DSC07911.jpg

W Tower and Hanjin and what's that u/c with a blue crane?
http://img.photobucket.com/albums/v162/pau_p1/DSC07906.jpg

Total Headquarters
http://img.photobucket.com/albums/v162/pau_p1/DSC07907.jpg

City Center Roads with F1 City Center
http://img.photobucket.com/albums/v162/pau_p1/DSC07913.jpg

still I'm curious what is this u/c
http://img.photobucket.com/albums/v162/pau_p1/DSC07914.jpg

Robinsons Gateway cluster
http://img.photobucket.com/albums/v162/pau_p1/DSC07912.jpg

http://i530.photobucket.com/albums/dd350/RonnieR_2008/Septemberparties287.jpg

I didn't see a thread for this project. Eco Plaza along Pasong Tamo Ext., Makati City

Yeah, no thread for this one. I've already posted an earlier update of this one inquiring for it's name. No need to create a thread na, patapos na naman eh.

We are now in interesting times. Let's see if some of these projects don't go on hold.

Just this hour: Singapore-based Channel News Asia report says the Philippines is the HOTTEST REAL ESTATE MARKET in SOUTHEAST ASIA!

:banana::cheers::banana::cheers:

may surprise ang SM sa las piñas.....

sana naman habang ginagawa yang expansion na yan gawan din ng expansion ang kalasada. it will take you over an hour to get to alabang from sm las pinas.

^^ What did they say about the RP real estate market? What was the basis for the tag?

^^ What did they say about the RP real estate market? What was the basis for the tag?

It's due to the booming outsourcing industry. The real demand from buyers of properties, the OFW, the crisis in the US which opens an opportunity for the PHilippines. It's a good news from a Singapore TV.

^^ Ok. Thanks for the reply. Hope major developers get attracted to invest in the Philippines and develop the real estate market further.

may surprise ang SM sa las piñas.....

may board up na ginawa dito sa tapat ng MetroBank
may Tatk siya na SM.. SM lang wala ng iba pa nakasulat

Passed by Cubao yesterday and I noticed that the old abandoned theater, along EDSA near the corner of Aurora Boulevard and adjacent to ACT theater, has a tarpaulin saying that the property is for sale through public auction with the contact numbers of 3 individuals. That property is really an eyesore together with ACT theater and I am really hoping that a major developer gets to buy this property and create a major development. Megaworld should be interested since it's so close to its Manhattan project.

7 groups eye Ocean property
By Joel M. Sy Egco

Seven of the country’s top business groups have expressed interest on the Ocean Theater property in Cubao, Quezon City, to be auctioned off next week, according to City Treasurer Victor Endriga.

He said the bidding at 10 a.m. on Oct. 13 at City Hall would have a floor price of P75 million.

Endriga told Standard Today that the seven—Ayala Land, Megaworld Properties, Robinsons, Century Group, Burgundy Group, Araneta Group of Companies and Phinma Group of Companies—have indicated plans to take part in the bidding.

“It is a super prime property and many are interested to buy it. We have sent invitations to larger groups who could afford it. One already offered P80 million but I told him he should just participate in the bidding which Mayor [Feliciano] Belmonte wanted to be fast-tracked,” he said.

Proceeds from the sale of the nearly 1,000-square meter delapidated movie house on Edsa near Aurora Boulevard would be used to put up a medical facility on Litex road in Fairview.

“The Quezon City General hospital in Muñoz is quite old and Mayor Belmonte wants to build a new one for the growing health needs of our constituents.”

The 25-year lease on the 35-year-old movie house had lapsed.

The city government engaged the property’s claimant in a long court battle and got a favorable ruling.

Endriga said bidders should put up a refundable 10-percent cash bond.

Belmonte earlier said the theater’s sale was part of his administration’s “heritage projects” consisting of new bridges, road networks, hospitals, schools and other infrastructure.
http://www.manilastandardtoday.com/?page=police1_oct6_2008

We are now in interesting times. Let's see if some of these projects don't go on hold.

Higher costs weigh on property sector
BY IKKA C. DE GUZMAN

THE PRICES OF STEEL AND CEMENT, the power duo in construction, have touched new highs, setting off fresh alarms in an otherwise booming industry.

Over a short period of seven months, prices of steel and cement in July have risen by roughly 100% and 25%, respectively, according to industry players interviewed by BusinessWorld for this report. The increase in prices of these construction materials is feared to hit the bottomlines of developers who as a result are expected to rethink their expansion strategies starting this year.
Danilo Ignacio, president and chief operating officer of Lucio Tan-owned Eton Properties Philippines, said in an interview in June that construction cost has gone up by 20%, translating to roughly a 10% increase in the selling price of the buildings.

Francis Ceballos, executive vice-president of Landco Pacific Corp. has also lamented the higher bidding baseline of contractors, which has increased by 30% to 50% since the start of the year. And for its part, British overseas property-investment consultancy firm David Stanley Redfern Ltd. estimates that the country’s construction costs to further increase by more than 35% this year due to record prices of oil, steel, cement and global shipping.

To cover the rising costs of raw materials, DMCI Homes, which is set to launch five residential projects this year, raised in June its selling prices for housing units by 12%. Eton Properties also increased residential condominium prices by 5% in June. Robinsons Land Corp. followed suit in July with a 10% increase, alongside Ayala Land Inc. (ALI) which jacked up the prices of its residential projects by 20%. Megaworld Corp. has also joined the bandwagon but refused to name the exact figure, so is Filinvest Land Inc., which has re-adjusted its prices for an undisclosed amount ahead of everyone else at the start of the year.

With prices of materials soaring, some property developers have gone into panic purchasing, locking supply contracts with suppliers to shield themselves from the effects of future price increases.

In June, Eton Properties caused a major buzz when it placed orders for 10,600 metric tons of steel for P600 million to secure its four major projects. ALI, which has short-term deals with steel manufacturers and three-year long-term cement contracts, has also announced that it is spending P24 billion this year for its residential, office building, hotel and retail development projects, an estimated 60% higher than last year. It plans to develop 56,000 residential units this year along with several business process outsourcing (BPO) office spaces.

And there are some companies which are going back to the drawing board. Fearing an excess of supply, Fernando Camus, chairman of property consultant firm Jones Lang LaSalle Leechiu, said that developers are taking their cue from lessons learned in the 1997 Asian financial crisis, postponing high-rise developments in favor of low-rise cluster buildings that sell faster.

SM Prime Holdings, for one, has downscaled future mall blueprints on account of higher inflation. Also, Megaworld Corp. has pushed back a joint venture project with Fil-Estate Land Inc. in favor of safe market bets like middle income housing. “It’s a wait and see scenario at the moment for the key players in the sector,” said Anthony Fernandez, president of trade group Philippine Construction Association

Continuing growth

Despite troublesome times, property developers remain bullish about their revenues. Last month, DMCI Homes said that it expects its sales to grow to P11 billion this year from P7.5 billion in 2007. Eton Properties claimed that demand has yet to slacken, even in the face of rising home financing rates and rising inflation.

This is contrary to recent forecasts from the Global Property Guide, which predicted that the current upswing in real estate might be seeing its end soon, owing to recent property price hikes caused by higher construction costs. Although demand has yet to die down, the research firm said developers might start to feel the pinch upon the completion of their present projects.

After a five-year tic following the 1997 Asian Financial Crisis, the country’s real estate sector is currently riding on the wave of renewed end-user demand, driven by the burgeoning business process outsourcing industry and increased property acquisition from overseas Filipino workers. A report from the trade group Construction Industry Association of the Philippines showed an increase of 10.2% boost in private construction activities last year from 2006, propelled by residentials, commercial space and tourism facilities.
http://bworldonline.com/OnlineExclusives/exclusives/inside.php?id=sept01_2008_3

Chinese firm to set up $ 1.37-B retirement facility
:banana:
Last Updated (Thursday, 01 January 1970 01:59) Written by Bernie Cahiles-Magkilat - Manila Bulletin Monday, 06 October 2008 09:57

Chinese-owned Sunshine 100 is investing $ 1.37 billion for the establishment of a retirement facility along the Macapagal Avenue in Pasay City in anticipation of the influx of medical tourists and retirees into the country.

This was revealed by Philippine Retirement Authority chairman Edgardo Aglipay to reporters after a presentation at the launch of the Health and Wellness summit to be held on the 22-25 this month.

The Sunshine 100 International investments is part of the -billion committed investments by several Chinese businessmen in various projects during President Gloria Arroyo’s state visit to China in August this year.

Aglipay said that Sunshine 100, which is the biggest among 9 hotel resorts and retirement villages being built in the country by various foreign groups, is constructing condominium hotels with 1,000 room capacity in a 1.25 hectare area near the Mall of Asia in Pasay. The group’s local partner is Alfonso Sy of Sunshine 100 Pioneer.
The group is also putting up a small mall and three towers for call centers along Pioneer St. in Mandaluyong. Also in the pipeline are a low-cost housing project in Valenzuela and one in Montalban.
Sunshine China is one of the biggest housing developers in the mainland.

Sheridan Hotel, another Chinese group which is going to construct a 1,500 room hotel facility, and another Chinese group is constructing two residential condominium buildings with 350-room capacity in Binondo, Manila

A Korean group is undertaking a hotel and tourist development in Subic and Pampanga. BXT Group is also constructing a new tourist accommodation facility in Lapu-Lapu City.

Another retirement facility is going to rise in Baguio City by Crystal City while a Malaysian Group is establishing the City Garden Heights in Cebu.

A group of Filipino-Americans are also putting up a 100 room hotel in Tagaytay, Aglipay said.(BCM)

when it rains, it really pours!:cheers:

Phinma Group eyes P550 M from sale of Asian Plaza
By Zinnia B. Dela Peña, PHILSTAR
Monday, October 6, 2008


The Phinma Group is expected to raise at least P550 million from the sale of unit Asian Plaza Inc. through a bidding process.

Asian Plaza owns a five-story office condominium building with a gross floor area of 10,310 square meters on a 3,045 square meter property located at 328 Sen. Gil Puyat Ave. corner of Tordesillas and H.V. Dela Costa Streets in Makati City.

Real estate consultancy firm Colliers International has been appointed as exclusive marketing agent to arrange the sale of the property.

A minimum bid price has been set at P550 million, Colliers said.

Colliers expects strong interest from potential buyers since the property is strategically positioned in close proximity to shopping malls, restaurants, entertainment centers, and major office buildings and embassies located in the Makati central business district.

The property which will be offered via acquisition of shares of Asian Plaza, has the potential for future development with a floor area ratio of eight for office use and 16 for residential use. 

Interested parties may start tendering their offers today until Nov. 17.

“The sale is expected to attract interest not only from the local development community but also from overeas investors,” said David Young, managing director at Colliers.

Young said the Phinma’s asset sale is aimed at taking advantage of the strong real estate market, spurred by steady remittances from overseas Filipino workers.

He said the sale also comes on the heels of other major development site acquisitions in Makati in recent weeks.

The Phinma Group has in its fold several companies that address the basic needs of the Filipino — affordable housing, construction materials, hotel facilities, education, and energy.

It acquired and managed Araullo University in Cabanatuan City, Nueva Ecija for its initial entry into the education sector. The group later acquired Cagayan De Oro University to make it the second school under the Phinma umbrella.

The Phinma Group is also exploring opportunities in the mining sector with particular focus on copper, gold, nickel or uranium.

Aside from this, the group is keen on offering animation services as part of its business process outsourcing business. Its BPO venture currently offers services in architecture, engineering and accounting through affiliates Phinma Finance and Accounting Outsource Corp. and Phinma Architecture and Engineering Outsource Corp.

As for its real estate development business, the group through Phinma Property Holdings Corp. expects to complete late this year two of four high-rise buildings at its Fountain Breeze project in Sucat, Paranaque. 

Fountain Breeze is a three-hectare multi-mix development with five walkup, three mid-rise and six high-rise buildings with a total of 1,779 units.

The Phinma Group owns and manages the Micro Inn and Suites Hotels brand in the country through its subsidiary Microtel Development Corp.

Monday, October 06, 2008

PSE transfer faces delay
http://www.manilatimes.net/national/2008/oct/06/yehey/business/20081006bus11.html

THE planned transfer of the Philippine Stock Exchange (PSE) may be delayed due to few changes in the design, its president said.

Francis Lim, PSE president, said the planned transfer to the Bonifacio Global City in Taguig City is being held back because of some changes in design and floor area.

At present, the local exchange is trading in two separate locations—the Ayala Stock Exchange on Ayala Avenue in Makati and at the Tektite Tower in Ortigas Center, Pasig City. The future PSE office will occupy a 5,000-square meter property near the HSBC building in Fort Bonifacio.

The PSE board gave the go signal to proceed with a memorandum of understanding with Ayala Land Inc. and Fort Bonifacio Development Corp. for the construction of the building where the unified trading floor and offices would be relocated.

Prior to the formation of PSE, the Makati Stock Exchange and Manila Stock Exchange had been separate entities for 30 years even though these were trading the same listed issues. After the unification, the PSE still maintained the two trading floors.

The unified stock exchange can move in the new site in Fort Bonifacio by 2010.

In a related development, Lim said the local bourse’s planned tie up with exchanges of other member-countries of the Association of Southeast Asian Nations (Asean) would boost the volume of domestic trade as investors abroad would be able to buy securities at a relatively lower cost.

He told reporters that securities trading with and among Asean member-countries should not add up to the trading cost of buying and selling stocks locally since a unified board will eliminate high trading fees.

Under the proposed memorandum of agreement the PSE will sign, all participating exchanges will commit to electronically link member bourses and set up the Asean Board. This is a bulletin board that will provide real-time market data of securities from each bourse and members should provide a list of 30 securities following a set of criteria that would have to be agreed upon.

This technology linkage will allow investors from other Asean member-countries to buy and sell listed securities through their local stock brokers. A common exchange gateway, which is a decentralized entry point, will be set up in each exchange for brokers and investors.

Through this board, a Singaporean investor can buy shares from one of the 30 companies nominated by PSE to be included in the board through his Singaporean broker that has ties with Filipino brokers.

There is pressure to tie up Asean exchanges as “global pressures could make small exchanges irrelevant in the global financial market arena,” Lim said. Other bourses had been consolidating through direct buyouts, equity participation, or through the creation of alliances like trading linkages.
-- Chino S. Leyco and Likha Cuevas-Miel

Monday, October 06, 2008

PSE transfer faces delay
http://www.manilatimes.net/national/2008/oct/06/yehey/business/20081006bus11.html

The unified stock exchange can move in the new site in Fort Bonifacio by 2010.


So the new PSE building will be ready by 2010? Can they finish such a building in less than two years?

^^ If the redesign means totally cutting back on the building itself and making it small...oh yes... :ohno:

Anybody knows where the new PSE location will be?

PSE plans to build Fort headquarters (at new location)
By James A. Loyola
Manila Bulletin
http://www.mb.com.ph/issues/2008/10/06/BSNS20081006137137.html

Despite delays in the planning for the construction of its new headquarters in the Bonifacio Global City, the Philippine Stock Exchange continues to hope to break ground on the new site before the end of 2009.

In an interview, PSE president Francis Lim said this is PSE director Vivian Yuchengco’s target for the groundbreaking while completion of the building is expected in 2013.

He explained that the delay was due to the decision to move the PSE building to another lot since the original lot had become too crowded with too many buildings around it for a prestige edifice. Lim said the transfer required a revision of the design and plans for the building and this is taking more time.

PSE shareholders earlier approved a proposal to swap the original lot in Fort Bonifacio Global City donated to it by Fort Bonifacio Development Corporation in exchange for space in a new building to be built on a much prestigious site.

Lim said they had initially hoped to move in to their new and unified headquarters and trading floor in Fort Bonifacio by the first quarter of 2010 if construction had started as planned in the third quarter of 2007.

While the PSE will get at least 5,000 square meters in the new building, it has the option to get more space if it also swaps its existing offices and trading floor in Ayala.

Lucio Tan acquires Century Park lot from Manila
THE Manila city government has sold for P1 billion a prime piece of property in the Malate business district, site of the five-star Century Park Hotel, city treasurer Erlinda Marteja said over the weekend.

She said the winning bidder for the almost 3 hectares of land was businessman Lucio Tan’s Maranaw Hotels and Resorts Corp., the holding company that owns Century Park.

The other bidder, M. Oreta and Company Inc., offered only a little less—P997.3 million—for the 22,967-square-meter lot on Pablo Ocampo (formerly Vito Cruz) and Adriatico, Marteja said, adding the bidding took place at City Hall on Sept. 30.

She said the property consisted of two parcels of land “with improvements.”

Meanwhile, Finance Secretary Margarito Teves said former city treasurer Liberty Toleda could no longer collect representation and transportation allowances from the city government after Marteja replaced her on Feb. 19.

Toleda rejoined the Finance Department after her replacement. Tony Macapagal
http://www.manilastandardtoday.com/?page=news4_oct7_2008

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uy ayos yan ahh.. masalamin na pala sya ngayon hehehe...

anyways... I passed through North Bonifacio this past few days and here are some shots I took yesterday...

http://img.photobucket.com/albums/v162/pau_p1/DSC08030.jpg

http://img.photobucket.com/albums/v162/pau_p1/DSC08033.jpg

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Thanks for this update. It's actually my first time to see all the glass above those signature columns since the renovation by BPI started many months ago.

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Nice Update! Thank You! :okay: :okay:

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I passed through North Bonifacio this past few days and here are some shots I took yesterday...

http://img.photobucket.com/albums/v162/pau_p1/DSC08030.jpg

http://img.photobucket.com/albums/v162/pau_p1/DSC08033.jpg

http://img.photobucket.com/albums/v162/pau_p1/DSC08029.jpg

ganda na ng bpi tower na yan. it used to look like a haunted building hehehe

Thanks for this update. It's actually my first time to see all the glass above those signature columns since the renovation by BPI started many months ago.

Is this the former Philtrust? Nice .

Is this the former Philtrust? Nice .

No. It's the former Prudential Bank Bldg. (PB was bought by BPI).

Alphaland Southgate Tower

10.10.08
http://i20.photobucket.com/albums/b210/ofngol/2008/100_2388x.jpg

ooh! ano yan? glass? I can't tell, walang reflection.

^^ Sira! :D Glass yan, but there's nothing to reflect but an overcast sky kaya hindi halata yung reflection. :colgate:

The podium level. Someone here said before that it will be a mini-mall.

http://i20.photobucket.com/albums/b210/ofngol/2008/100_2387x.jpg

wow at last! :cheers: love the glass curtain on that. akala ko dati it's a highrise parking :lol:

yeah.. I was surprised to see that this afternoon as well... there's a lot of movement on site..

do we have a thread for alphaland southgate?
any info on that building?

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Not bad! I love how they rehabilitate some of the older buildings in Ayala Avenue. Now if only they would do the same to the Madrigal building beside PBCom so we can be assured that it will remain the same height that a building in that site has right now forever... ;)

^^They've actually put some safety net on that building so they must be planning something for it. Also, there's another old building nearby on the other side of Ayala with net on its facade.

^^ Sira! :D Glass yan, but there's nothing to reflect but an overcast sky kaya hindi halata yung reflection. :colgate:

The podium level. Someone here said before that it will be a mini-mall.

http://i20.photobucket.com/albums/b210/ofngol/2008/100_2387x.jpg

It's going to be a hit if it's a mini-mall since it has a direct access to MRT3. Their installation of glass cladding is fast.

^^They've actually put some safety net on that building so they must be planning something for it. Also, there's another old building nearby on the other side of Ayala with net on its facade.

@tyronne, you could be referring to Filipinas Life Assurance Co. building beside Rufino Tower.

If that's the building, I wonder why Ayala don't just demolish it. It's very old, and as such, it has already served its purpose.

teaser ng The Waltz project at BGC

http://img27.picoodle.com/img/img27/3/10/12/f_b18341985m_f543f9b.jpg

teaser ng The Waltz project at BGC

http://img27.picoodle.com/img/img27/3/10/12/f_b18341985m_f543f9b.jpg

Nice curves and colors!

^^ nice!!!!! :eek:

^^ Nice ano? Kaso tinatakam ka lang nya eh, dito ka na lang sakin, ipapakita ko sa'yo ang lahat, lahat ng gusto mong makita! :naughty: :D

So, are you ready to see everything? :naughty:

Okay I'll show you what you wanted to see, I promise you this is big and tall. :colgate:

The 42 storey, truly iconic, The Waltz.
http://i20.photobucket.com/albums/b210/ofngol/2008/thewaltz.jpg

Whew, grabe, na-excite naman ako dun, pati skyscraper ko na-excite din sa ganda ng The Waltz :lol:

Let's continue discussion here, I already created a thread for it:

http://www.skyscrapercity.com/showthread.php?p=26537750#post26537750

A bigger dome (http://globalnation.inquirer.net/propertyfocus/propertyfocus/view/20081010-165744/A-bigger-dome)
By Marcos de Guzman Jr.
Philippine Daily Inquirer
First Posted 16:22:00 10/10/2008

http://images.inquirer.net/media/globalnation/propertyfocus/propertyfocus/images/pic-10100428230619.jpg

THE EGG in Beijing, formally known as the National Grand Theatre of China.


Like thousands of other aficionados, I missed experiencing the UAAP finals live because there were no more tickets available. Yes, I watched it on TV, but seeing it on screen against experiencing it live just isn’t the same ballgame. I’ve watched some games, both professional and university basketball, live before; the intensity is certainly different from merely watching it on TV.


With an Ateneo-La Salle finals classic like the last, the thrill and emotions are incomparable to any other local sport. Just imagine the reaction of the Ateneo crowd every time Nonoy Baclao makes a block or when Jai Reyes makes a three-point shot! But enough of basketball; let’s go on to the main point with my true color showing.


I wished there had been more seats available. The event could have netted twice more than the maximum seating capacity of the big dome at 23,000. The Araneta Coliseum, the country’s “Big Dome,” was built almost 50 years ago, conceptualized when the national population was a mere one-fourth of what it is today. Now that we have a plethora of enormous events in sports, music, politics and even religious services, we still need to squeeze into this venue of old. It seems to me that the time is ripe for a bigger one.


Envision a huge hall


I can envision a huge hall at the Mall of Asia area. I can only wish that Henry Sy or any of our forward-thinking real estate tycoons would initiate one soon. I learned that Cebu is planning to build a similar one. We keep building bigger and bigger exhibition halls to accommodate more product launches and seminar participants, such as the World Trade Center and SMX, but our theaters and arenas remain the same.


Some could argue that by getting too big, the audience’s view suffers. This may be true, however, the situation is easily resolved by installing big screens at appropriate spots so the details of the central activity can be viewed and the intensity still experienced. The thrill is not just in watching shows live, but experiencing it with tens of thousands sharing the same passion.


The Beyoncé concert attracted 70,000 spectators; despite risk of rain and discomfort of heat, the organizers had to hold it on an open field, for lack of venue. Manny Paquiao would be even more inspired if twice the number of his fans could witness him delivering those deadly blows. In a country that goes gaga over megastars and generous game show hosts, we lack the venues to watch them.

It’s about time


I believe it’s about time we build a new mega venue. Beijing’s new superstructure, their National Stadium, ensconced next to the Tiananmen Square and nicknamed “the egg,” has a capacity of 91,000 seated spectators. Appropriately, the hullabaloo it has generated for their country has been amazing. Similarly, the national stadium of Malaysia can seat a crowd of 100,000.


It would be great for our national pride and reputation to have a comparable venue of our own to host major concerts or fights of international caliber, where people from the Asean region can flock to watch. It would be a definite boost to our tourism industry.


The government can likewise spearhead the construction of such a venue. Aside from benefiting the tourist industry, the Filipino can eventually expect to avail of lower prices for first-class shows, since use of the venue will be amortized over the years.

The structure would generate both income and prestige for the country. It can even be an iconic structure that showcases the Filipino soul and represents his vision. Truly, there is a need for a bigger venue, but the bigger need is for a new, representative structure behind which the Filipino people can rally. Right now, it is a need for one Filipino undertaking, a common Filipino dream.

For your comments, please send e-mail to marcosdeguzman@yahoo.com.

ano plano sa jaka bldg at madrigal bldg?

Toyota, Hitachi commit building, equipment donations to UP; Tie-ups with PNOC, Ombudsman, Griffith University (http://www.up.edu.ph/upnewsletter.php?issue=45&i=715)

reported
Jo. Florendo B. Lontoc

Two giant multinational companies, Toyota and Hitachi, and a taipan are tying up with the university through separate donations of a multimillion-dollar building and equipment. National news also reported in August about university partnerships with the Philippine National Oil Company, the Griffith University of Australia, and the Office of the Ombudsman.

President Emerlinda R. Roman announced that Toyota Motor Philippines (TMP) and George S.K. Ty, chair of TMP and the Metrobank Group of Companies, will commission an architect and build an Asian Heritage House, which they will donate immediately to UP after construction. The announcement of the donation and presentation of the model was held at Shangri-La Makati on August 22, in the presence of President Gloria Macapagal Arroyo.

President Roman also announced that Hitachi Global Storage Technologies (HGTC) is donating equipment worth $3.5 million for the laboratories of UP’s National Institute of Physics and the Ateneo de Manila University. During the presentation, a signing of the memorandum of agreement (MOA) also took place among HGTC and the two universities.

Estimated at P100 million, the “GT Toyota Asian Center” will be an Asian Heritage House aimed at improving UP’s Asia Library and Asia Museum, and helping establish an Institute of Asia-Pacific Research, Dialogue, and Policy Studies (IAPRDPS). It also hopes to provide venues and facilities for intercultural exchanges and academic and cultural events.

Thus, the center will promote greater awareness and appreciation of Asian cultures and societies, and the Philippines’ place in Asia; strengthen the academic programs that focus on Asia, both in terms of teaching and research; enhance UP’s role in national or even regional policy formulation with respect to the country’s Asian linkages; and promote dialogue and collaboration among academic institutions in the Philippines, China, Japan, and other Asian countries.

According to reports, the facility to be constructed near Romulo Hall in UP Diliman is designed to include a library, a museum, a 500-seat auditorium, and offices for the IAPRDPS and the UP Agenda for Asian Cultural Exchange and Cooperation.

The Hitachi donations will consist of robotics, interferometry, microscopy, and measurement equipment. Documents from the UP Diliman Office of the Chancellor specified that almost $2 million of the $3.5 million equipment donation went to UP. The equipment consists of two Pallet Load Stations, four Mirreon Laps, three Array Placement Tools, an Optimag 2000, optical profilers, microscopes, among others. HGST is also donating needed software.

News reports say that the donations are in line with HGST’s Integrated University Program, which involves equipment donation to the two universities, and scholarship, research grants, and on-the-job training (OJT) for select students and faculty members of several schools, including De La Salle University, Mapua Institute of Technology, Polytechnic University of the Philippines, and University of Santo Tomas. OJT participants will be trained to work with state-of-the-art robotics, metrology, and design resources at HGST’s Laguna plant, where computer sliders are being manufactured. The program intends to create a mass of technical people capable of handling and developing such technology at high levels. The program also hopes to create a hard disk drive research and development industry in the Philippines.

The Asian Heritage House
UP-Diliman Campus
Quezon City

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Source (http://dasaauf.multiply.com/)

Ohana Place in Las Piñas City
Magnolia Place in Quezon City
East Raya Gardens in Pasig City

http://showbizandstyle.inquirer.net/lifestyle/lifestyle/view/20081011-165805/DMCI-Homes-launches-3-major-projects

MARKET CONFIDENCE
DMCI Homes launches 3 major projects
By Charles E. Buban
Philippine Daily Inquirer
10/11/2008

MANILA, Philippines—Placing full confidence in the country’s residential real estate market, DMCI Homes recently announced the launch of three mid-rise residential developments located within Metro Manila.

“These will all be targeted at middle-income families and individuals wanting a relaxing environment, a sort of retreat from the bustling metropolis,” described Isidro Consunji, president of DMCI Homes.

Why the middle-income market? He explained that based on the demographics alone, Metro Manila has a population of around 10 million—even a conservative figure of 5 percent middle-income homebuyers would already mean a potential 500,000 client for DMCI Homes.

Consunji added that the three projects—Ohana Place in Las Piñas City, Magnolia Place in Quezon City and East Raya Gardens in Pasig City—are set to inspire the market despite the developing global financial crisis.

Well-prepared

“We believed DMCI Homes is well-prepared for this challenge. Having survived the Asian crisis in relatively good form, the company believes we have a good chance at weathering this one. These three projects, which are just the latest from the four (Rosewood Pointe, Tivoli Garden Residences, Riverfront Residences and Alta Vista de Boracay) we have unveiled last year, only proves of our confidence in the market remains strong,” said Alfredo Austria, DMCI Homes managing director.

The fact that DMCI Homes began as a construction company and its 54 years of extensive experience in construction and development only helps DMCI Homes to accomplish its projects more efficiently, faster and with better quality.

“We are able to offer our 2-bedroom units at a price that is equivalent of a studio unit in other developments,” said Alma Florendo, DMCI Homes project director.

Moreover, Florendo said that for each of the projects they launch they try to offer unique ambience, all aimed at providing their homebuyers and future residents unequaled relaxed living experience within Metro Manila.

Hawaii-inspired

What’s like living in Hawaii? DMCI Homes decided to recreate a similar ambiance in its first residential development project in Las Piñas City (on Alabang-Zapote Road near SM Southmall and Alabang Town Center).

Ohana Place will be a medium-density development composed of seven mid-rise, five-story structures.

More than 60 percent of this 3.15-hectare property will be devoted to open spaces, landscaping and first-rate outdoor amenities.

“Resort living will be highlighted with recreational amenities such as water features, clubhouse and cabanas, rock formations and lush landscaping, radiating a true Hawaiian resort ambiance,” Austria described.

“Ohana,” which is a Hawaiian word for family, has named its seven building from America’s 50th states’ key places and destinations: Honolulu, Maui, Lanai, Hanalei, Kauai, Lanikai and Anahola.

Interestingly even the shape of the lot area where the development stands imitates the configuration of the Hawaiian islands.

Modern Polynesian

Modern Polynesian architecture will be utilized throughout the development, from the entrance gate to the building facade.

“We are probably the first here in Metro Manila to use this design, which will be very evident in roof structures (steep peak-roof style), large overhangs, white stucco walls, light colored accents of wood and stone. However, we utilized modern materials like the asphalt shingles that imitate the look and color of the traditional thatched roof used in many Polynesian structures,” Austria said.

The open spaces will feature lush greenery dominated by gumamela and coconut trees.

The curvilinear swimming pool at the center of the development will also feature water slides and cascades, and even an island bar.

The two-bedroom and three-bedroom units will have sizes from 42 and 49.5 square meters to 66 sq m and with price ranging from P2.26 to P5.25 million.

Each of the 738 units that will be offered comes with a balcony and a service area located at the building’s roof deck.

The first building, the Honolulu, is scheduled to be turned over by August next year.

0.5-km park

While a water park will become the centerpiece of Ohana Place, DMCI Homes’ Magnolia Place on Tandang Sora Avenue Extension in Quezon City, will feature a half-kilometer long central curvilinear park that would be filled with flowering vines, trees and planting strips.

“We designed Magnolia Place to allow its future residents to move freely around this 3.29-hectare development. With 60 percent allotted to open spaces and common areas, residents will be able to enjoy the greenery,” said Ray Salazar, DMCI Homes director for Business Development and General Services.

Magnolia Place will feature 13 medium-rise, five-story, Neo-Asian-inspired buildings in single- and double-row configuration.

The two-bedrooms and three-bedrooms, with sizes from 42 and 49.5 sq m to 66 sq m, will have a price range between P2.2 million and P4.5 million.

There will be 843 units to be offered with the first two buildings, the Liana and Verawood, set to be turned over by February 2010.

Surprised

DMCI Homes was a bit surprised when its Riverfront Residences in Pasig City sold out in just a few months.

“With so many homebuyers still looking for similar units in the area, DMCI Homes decided to add another development within the city. Hence, the East Raya Gardens, which will be located at the corner of Mercedes Avenue and Luis Street in Pasig City,” announced May Maylanie Precilla, DMCI Homes director for marketing.

The 2.91-hectare development will feature eight medium-rise, 5-story buildings as well as a 500-sq-m Balinese gardens and water features.

Following the theme of the Raya Garden Condominiums in Taguig City, the East Raya Gardens will also feature Balinese-themed architecture and resort amenities.

Dominating the development are traditional building forms that imitate nature, earthly tones of wood, bamboo and natural stones.

“Bali influences are simulated down to the tiniest of details including the building ornaments, carved wall panels, artworks, stone sculptures and exotic plants,” Precilla described.

Like DMCI Homes’ latest projects, East Raya Gardens will offer two- and three-bedroom units with sizes ranging from 42 and 49.6 sq m to 66 sq m.

A total of 778 units will be offered with prices ranging from P2.25 million to P4.12 million.

The first building is set to be turned over by February 2010.

“As the country’s first triple A builder and developer to offer first-rate projects to modest-income-earning families, we are proud to announce that all these developments will also be supported by DMCI Homes’ Property Management Team,” Salazar said.

Is there a thread for that high-rise Picar is putting up beside the Highway 54 commercial center along EDSA, just across Megamall?

MANILA, Philippines - Listed MRC Allied Industries, Inc. will buy a shopping center on a six thousand-square meter land in Divisoria, Manila, the company told the stock exchange Monday.

In a disclosure, MRC said it would acquire shopping mall Benisons Shopping Center, which is situated on the land.

It said it would perform due diligence and valuation of the property.

Company officials declined to provide details, saying the acquisition was still in the negotiation stage.

MRC Allied is a property company that has found its niche in the development of master planned, integrated residential, commercial, recreational, tourism and industrial areas within a single community or township.

MRC is concentrating on its two eco-friendly projects — the New Cebu Township One in Cebu and the Amihan Woodlands Township in Northern Leyte. Company shares were unchanged Monday at P15 centavos apiece. — Kristine Jane R. Liu, BusinessWorld

Crisis not slowing Ongpin’s buying

By Daxim Lucas
Philippine Daily Inquirer
First Posted 03:23:00 10/14/2008

Few people doubt the business acumen of Roberto V. Ongpin.

There are also a few who doubt that the expansion of his business empire—worth at least P60 billion in owned stock, plus control over market capitalization of a similar value—would be impossible without two elements.

The first is his alliance with UK-based emerging markets investment fund Ashmore Group. Through its arm that invests in so-called “special situations,” the firm has lent Ongpin the leveraging power of its $37.5-billion asset base. Ashmore, simply put, has been instrumental in all of the group’s deals and acquisitions.

A person familiar with the symbiotic relationship between Ongpin and Ashmore describes it this way: The former provides strategic vision, while the latter provides the cash to execute transactions.

It is here where the second critical element in Ongpin’s empire comes into play: The man responsible for merging the former Marcos trade minister’s vision with Ashmore’s financial muscle is former undersecretary of finance Eric O. Recto, Ongpin’s nephew.

Since leaving government service in 2005, Recto has overseen every single deal executed by the growing empire. While he nominally serves as vice chairman of the group, Recto functions more like a hyper-charged CEO who also oversees operations of firms where they are invested.

Under Recto, the group acquired a razor-thin majority in Petron Corp., trumping the bid of cash-rich Gokongwei group. People familiar with the deal told the Inquirer that the Ongpin-Ashmore alliance learned “very early on” and “way ahead of even the government” that Saudi Aramco was selling out of the company. This knowledge helped it prepare a superior bid and lay down a robust takeover plan that went beyond simply having the financial resources.

This nose for deals, combined with sheer bravado, also helped the group acquire what is now the Alphaland Southgate tower from the Puyat family for P1.3 billion earlier this year. Alphaland is spending an additional P1.2 billion to turn the 25-year-old structure into a business process outsourcing center and shopping mall.

The firm also bought a lot on Ayala Avenue in Makati City where it will build the “Ashmore Ayala Tower.” It entered into an agreement with the Boy Scouts of the Philippines to develop the Sime Darby property, also on Ayala, into a mixed-use development.

By next year, Alphaland will launch a 32-hectare project on the Manila Bay reclamation site (between SM Mall of Asia and Pagcor City) called the Alphaland Bay City, which will include a hotel in the middle of a marina, inspired by Dubai’s world-famous Burj Al Arab hotel.:banana:

The group has also entered the natural resource sector, with its drive to accumulate shares in Philex Mining Corp. Its accumulated 20-percent stake in the country’s largest mining firm was sold last week to Hong Kong-based First Pacific Co. led by Manuel V. Pangilinan—a strategic investor which can infuse the additional capital necessary to raise Philex’s gold and copper output.

With success comes the inevitable murmuring on the group’s ties. It deals closely with Pangilinan, who also chairs Philippine Long Distance Telephone Co., while speculation is also rife about its alleged ties with First Gentleman Jose Miguel Arroyo.

“They’re not hypocrites,” one business partner said of the Ongpin group’s methods. “They operate under an overriding business ethic, but they know how to work the local system, too.”

More importantly, however, the Ongpin group is unfazed by the ongoing global economic crisis and is taking the opportunity to expand its empire further, especially in the property, information technology and natural resource sectors.

In fact, it is likely to emerge even bigger once the dust settles in a few months.

“The crisis is exposing the ‘weak hands’ in business,” the business partner said. “That’s when they come in.”:cheers:

Here is the complete article... all 2 of 2 parts:

http://business.inquirer.net/money/breakingnews/view/20081012-166052/Eye-for-deals-building-Ongpins-empire

SPECIAL REPORT

PART 1 of 2: Eye for deals building Ongpin’s empire
By Daxim Lucas
Philippine Daily Inquirer
10/12/2008

“BOBBY ONGPIN IS BACK.”

This is a refrain heard over and over again nowadays among businessmen when they invariably get to talk about their local landscape.

They speak the words with admiration. But this tone of admiration is often mixed with undertones of more powerful feelings, like awe, amazement and sometimes even dread.

Indeed, the most common and conventionally acceptable reply to the Ongpin-is-back comment is, “Grabe ano?” followed sometimes by a slight shaking of the head or the clucking of tongues.

The awe-inspired, head-shaking and tongue-clucking peaked when an Ongpin-led group recently gained a slim majority on the board of petroleum refiner and distributor Petron Corp., buying out the shares of longtime owner Saudi Aramco and scooping up additional stocks from the public—a takeover coup which few observers saw coming.

The group is expanding aggressively in the real estate sector, using as their flagship project the Southgate building by the Magallanes interchange in Makati City which was, until recently, a 25-year-old unfinished eyesore.

Recently, it also unveiled a strategic move into Philex Mining Corp.—the country’s biggest gold and copper miner—with First Pacific Co. Ltd. led by businessman Manuel V. Pangilinan.

All of the group’s moves were made with the help of its financial backer, UK-based Ashmore Group.

At present, the combined stake of Ongpin and his partners in various business interests is already worth an estimated P60 billion. The entire value of the firms they control is already more than double this amount and could easily treble in the coming years.

But who is Roberto V. Ongpin? And more importantly, what is he up to nowadays, as far as building a business empire is concerned?

Now 71 years old, Ongpin first shot to national prominence as the trade and industry minister of the Marcos administration from 1979 all the way until the Edsa Revolution of 1986.

In this role, he was viewed by many as one of the best and most competent technocrats of a decaying regime—one who helped “hold the fort” during a time of unprecedented local and global crises.

Armed with an MBA from Harvard Business School and a business administration degree (cum laude) from the Ateneo de Manila University, this certified public accountant joined SGV & Co. in 1964 and rose to the role of chair and managing partner six years later. He headed the country’s premier accounting firm until being asked to join the Marcos administration.

During the economic boom of the 1990s, Ongpin and his business partners transformed oil exploration firm Belle Resources into Belle Corp., which quickly became one of the country’s hottest stocks.

The company’s flagship Tagaytay Highlands leisure development—back then a revolutionary concept—put the company and its principals on the map previously dominated by established players.

Fast forward to the current decade.

After a falling out with his former Belle partners, Ongpin took control of yet another listed resources firm—South Seas Oil and Mineral Exploration Co.—and transformed it from an Internet firm, just as the dotcom boom collapsed, into the country’s first pure gaming play. He also extended his liking for backdoor entries into listed firms by taking over moribund Itogon-Suyoc Mines, changing it into ISM Communications to focus on information and communications technology.

It was around this time that the roots of his budding business empire took hold.

“What RVO (Ongpin’s initials) did was to make a big bet on the Philippines,” according to a close business associate who requested anonymity. “While the country was still in crisis [at the height of the Estrada political crisis], he stuck his heels to the ground and dug in.”

http://business.inquirer.net/money/topstories/view/20081014-166271/Crisis-not-slowing-Ongpins-buying

PART 2 of 2: Crisis not slowing Ongpin’s buying
By Daxim Lucas
Philippine Daily Inquirer
10/14/2008

Few people doubt the business acumen of Roberto V. Ongpin.

There are also a few who doubt that the expansion of his business empire—worth at least P60 billion in owned stock, plus control over market capitalization of a similar value—would be impossible without two elements.

The first is his alliance with UK-based emerging markets investment fund Ashmore Group. Through its arm that invests in so-called “special situations,” the firm has lent Ongpin the leveraging power of its $37.5-billion asset base. Ashmore, simply put, has been instrumental in all of the group’s deals and acquisitions.

A person familiar with the symbiotic relationship between Ongpin and Ashmore describes it this way: The former provides strategic vision, while the latter provides the cash to execute transactions.

It is here where the second critical element in Ongpin’s empire comes into play: The man responsible for merging the former Marcos trade minister’s vision with Ashmore’s financial muscle is former undersecretary of finance Eric O. Recto, Ongpin’s nephew.

Since leaving government service in 2005, Recto has overseen every single deal executed by the growing empire. While he nominally serves as vice chairman of the group, Recto functions more like a hyper-charged CEO who also oversees operations of firms where they are invested.

Under Recto, the group acquired a razor-thin majority in Petron Corp., trumping the bid of cash-rich Gokongwei group. People familiar with the deal told the Inquirer that the Ongpin-Ashmore alliance learned “very early on” and “way ahead of even the government” that Saudi Aramco was selling out of the company. This knowledge helped it prepare a superior bid and lay down a robust takeover plan that went beyond simply having the financial resources.

This nose for deals, combined with sheer bravado, also helped the group acquire what is now the Alphaland Southgate tower from the Puyat family for P1.3 billion earlier this year. Alphaland is spending an additional P1.2 billion to turn the 25-year-old structure into a business process outsourcing center and shopping mall.

The firm also bought a lot on Ayala Avenue in Makati City where it will build the “Ashmore Ayala Tower.” It entered into an agreement with the Boy Scouts of the Philippines to develop the Sime Darby property, also on Ayala, into a mixed-use development.

By next year, Alphaland will launch a 32-hectare project on the Manila Bay reclamation site (between SM Mall of Asia and Pagcor City) called the Alphaland Bay City, which will include a hotel in the middle of a marina, inspired by Dubai’s world-famous Burj Al Arab hotel.

The group has also entered the natural resource sector, with its drive to accumulate shares in Philex Mining Corp. Its accumulated 20-percent stake in the country’s largest mining firm was sold last week to Hong Kong-based First Pacific Co. led by Manuel V. Pangilinan—a strategic investor which can infuse the additional capital necessary to raise Philex’s gold and copper output.

With success comes the inevitable murmuring on the group’s ties. It deals closely with Pangilinan, who also chairs Philippine Long Distance Telephone Co., while speculation is also rife about its alleged ties with First Gentleman Jose Miguel Arroyo.

“They’re not hypocrites,” one business partner said of the Ongpin group’s methods. “They operate under an overriding business ethic, but they know how to work the local system, too.”

More importantly, however, the Ongpin group is unfazed by the ongoing global economic crisis and is taking the opportunity to expand its empire further, especially in the property, information technology and natural resource sectors.

In fact, it is likely to emerge even bigger once the dust settles in a few months.

A related article on Ashmore:

Ashmore packs capital clout

Philippine Daily Inquirer
First Posted 03:22:00 10/14/2008

The aggressive moves made in recent months by the group led by Roberto V. Ongpin have left many wondering about just where it is getting the kind of financial muscle that allowed it to take over the likes of Petron Corp.—a P52-billion oil refiner and retailer once firmly under state control.

By all accounts, the money that moves the growing business empire is London-based emerging markets investment manager Ashmore Group Plc, which, according to its website, manages about $37.5 billion worth of assets, mainly in the form of pooled funds, segregated accounts and “structured products.”

The fund started as a unit of the Australia and New Zealand Banking Group in 1999, but was spun off as an independent unit in 1999.

On its website, the normally media-shy Ashmore prides itself as a “leading dedicated specialist in emerging market asset management,” which is investment banking jargon for relatively high-risk investments in countries that more conservative investors normally shun.

This risk profile mandates, therefore, that it will only buy into firms that could promise above-average returns. A local businessman familiar with the group says its informal investment benchmark is an annual return on its capital of no lower than 30 percent—a staggering amount when compared to the relatively safer single-digit returns provided by government bonds.

Ashmore’s investments in the Philippines are made by its euphemistically named “Special Situations Group.”

It invests in countries like Russia, Brazil and other exotic locations where it could either make a killing or lose its capital altogether, depending on the local environment.

According to sources familiar with the alliance, Ongpin was first introduced to Ashmore in the 1990s for a deal during one of his frequent trips to Hong Kong, where he serves as vice chairman of the South China Morning Post, the territory’s largest newspaper.

From that initial meeting sprouted a whole slew of transactions in the local market that, observers say, have yet to peak.

^^ positive news. They have huge resources.

do we have a thread for alphaland southgate?
any info on that building?

I've just created a thread for this. Here it is --> http://www.skyscrapercity.com/showthread.php?t=727892

^^ Yes. Check out the "iPlaza" thread in the Pasig-Mandaluyong-San Juan subforum.

Whew, nahilo ako sa dami ng bagong project threads created just for this day alone! :D

7 groups eye Ocean property
By Joel M. Sy Egco

Seven of the country’s top business groups have expressed interest on the Ocean Theater property in Cubao, Quezon City, to be auctioned off next week, according to City Treasurer Victor Endriga.

He said the bidding at 10 a.m. on Oct. 13 at City Hall would have a floor price of P75 million.

Endriga told Standard Today that the seven—Ayala Land, Megaworld Properties, Robinsons, Century Group, Burgundy Group, Araneta Group of Companies and Phinma Group of Companies—have indicated plans to take part in the bidding.

“It is a super prime property and many are interested to buy it. We have sent invitations to larger groups who could afford it. One already offered P80 million but I told him he should just participate in the bidding which Mayor [Feliciano] Belmonte wanted to be fast-tracked,” he said.

Proceeds from the sale of the nearly 1,000-square meter delapidated movie house on Edsa near Aurora Boulevard would be used to put up a medical facility on Litex road in Fairview.

“The Quezon City General hospital in Muñoz is quite old and Mayor Belmonte wants to build a new one for the growing health needs of our constituents.”

The 25-year lease on the 35-year-old movie house had lapsed.

The city government engaged the property’s claimant in a long court battle and got a favorable ruling.

Endriga said bidders should put up a refundable 10-percent cash bond.

Belmonte earlier said the theater’s sale was part of his administration’s “heritage projects” consisting of new bridges, road networks, hospitals, schools and other infrastructure.
http://www.manilastandardtoday.com/?page=police1_oct6_2008


Eurotel outbids SM Holdings, bags Ocean property for P92m
With its bid price of P91.8 million, three-star Eurotel was declared the new owner of the 987-square-meter Ocean Theater property in Cubao.

Quezon City treasurer Victor Endriga said Eurotel, a sister company of Sogo Hotel and Novotel, bested two other companies at a public bidding.

“We usually auction off properties of delinquent real property taxpayers but this is the first time we sold our own property. The sale of Ocean Theater, which is owned by the city, is the priciest so far,” he said.

In the Cubao commercial district, properties are usually worth from P40,000 to P65,000 per sqm.

Endriga said the auction began at 10 a.m., adding that many bidders decided not to join in anticipation of a tough bidding.

“From 18, only three submitted their bids. Everything was quick, lasting only for 15 minutes,” he told Standard Today.

Eurotel, represented by lawyer Steve Perez, won over SM Prime Holdings, P80 million; and First Fairview Holdings, P118 million. The floor price was set at P75 million.

“The last bidder, although the bid was high, proposed that the amount be payable in 10 years. That can not be allowed. The city needs cash,” he said.

Endriga said Eurotel was nearby and that the Ocean property could be useful for the company’s expansion.

Earlier, the city council has cleared the way for the sale of the property after it was unanimously declared a patrimonial property last week.

“In support of the mayor’s effort, we have passed the ordinance in a special session. We also support his plan of constructing a new hospital along Litex road,” Majority Floor Leader Ariel Inton said. Joel M. Sy Egco

http://www.manilastandardtoday.com/?page=police1_oct14_2008

^^ Yes. Check out the "iPlaza" thread in the Pasig-Mandaluyong-San Juan subforum.

Whew, nahilo ako sa dami ng bagong project threads created just for this day alone! :D

Matagal2 din na tahimik ang mga developers dahil siguro sa nangyayaring financial crisis ngayong taon. Buti na lang nag uumpisa ulit ung series ng launching ngayon. :cheers:

^^ hahaha i guess sex beats shopping anytime talaga!:lol:

there's a deep excavation across bonifacio residences along boni avenue... the signage in the fence says that the developer is raymond realty corp.(not sure) and they're going to build a 35-storey appartment (quite high for its location)... project name is not stated.

actually old hose yun na may 1 level basement na demolished.. the construction will start anytime soon though. The developer has on going projects in makati along legaspi st.

^^ At least were getting a more upmarket Sogo brand here, their sister-hotel Eurotel, and not another red and yellow Sogo Hotel. :D

^^ i love eurotel!!! :lol:

I walked passed the V.V. Soliven Towers again and, I could be wrong, it seems that the demolition work has ground to a halt. My theory is--again, of course, I could be wrong--is that they won't actually tear down the whole building but rather, just gut the interiors which looks like they've done so already. The basement parking area is flooded and strewn with wood scraps and other junk and the some of the yero boarding has been removed. Most glaring is that the demolition warning sign is gone too.

What am really curious about is why the building was abandoned in the first place. I know that VVS encountered financial troubles and that the bldg. was foreclosed in the 80s but why abandon? His creditors could still make money leasing it.

And WHO OWNS IT NOW?

It was not really abandoned. The building is owned by ASB realty , and they have big problems themselves. As an asset of the group (or at least affiliated with it), it would have been difficult to do something with it while creditors are fighting a legal battle with it. Combined with the fact there is a dispute with regards use of the lot( part of the building sits on what is supposed to be the other side of Anapolis st. as can be seen) , it's no wonder options to this are limited.

AIM is currently conducting a survey of its alumni regarding the transfer of its Makati campus to either of 2 Ayala-owned locations-- one is urban living type at the Zuellig property in Makati, while the other is university-destination type at a 5-hectare site inside Nuvali.

The Zuellig option foresees the campus to be constructed as a high-rise building and part of an overall commercial-residential project. The AIM Academy and the AIM dorm will be its proposed new footprint in this mixed development, urban scenario. See below:

http://www.aimalumni.org/Alumni/fileupload/NewsContents/2590.jpg

Note the 2 residential towers and a Citadines Hotel in the mix.

I'm not an AIM alumni but for me it's a landmark and convinient place to meet for symposiums and the like. I think they would be better served by remaining in place and just redeveloping their area. It's not that small and can easily accomodate the space if it's just going to look like that! If Ayala is interested they should perhaps offer something in the fort and with much larger campus space. Nuvali is way to far, wala nang pupunta doon pati their keeping and attracting faculty will suffer.

I'm not an AIM alumni but for me it's a landmark and convinient place to meet for symposiums and the like. I think they would be better served by remaining in place and just redeveloping their area. It's not that small and can easily accomodate the space if it's just going to look like that! If Ayala is interested they should perhaps offer something in the fort and with much larger campus space. Nuvali is way to far, wala nang pupunta doon pati their keeping and attracting faculty will suffer.

For the Nuvali option, only the AIM degree programs will move to Canlubang as the non-degree programs of AIM-EXCELL will stay put at its present Makati location.

FYI, I voted for the Zuellig option.

http://cocktales.ph/?p=1361

Ponce Enrile takes on Urdaneta restrictions
Cocktales
October 20, 2008

SENATOR Juan Ponce Enrile has opened a new litigation front, this time right in his backyard.

No, no, no, it has nothing to do with his wife, Ambassador to Vatican Cristina Ponce Enrile, but about three properties in Urdaneta Village that the Enriles own.

According to the grapevine, Enrile’s Jaka Investments has quietly filed a lawsuit against the Makati Registry of Deeds seeking to cancel the deed of restrictions annotated in the three Urdaneta land titles.

Enrile’s position is that the 50-year-long, Ayala-imposed restrictions expired on June 1, 2008, and that the Urdaneta Village Association could not extend them without the specific consent—by power of attorney, and not by mere proxy, in case of a stockholders’ meeting—of each property owner.

The senator’s position, incidentally, is identical to that taken by a group of Bel Air residents, led by lawyer Nordy Diploma, who have successfully blocked the extension of a similar Ayala-imposed restrictions on their titles.

Raffled off to Makati Regional Trial Court Judge Dina Pestano Teves, the Enrile suit will still have its first hearing on Dec. 12 but, apparently, the village association, although not a party, has already gotten wind of the litigation.

According to an Urdaneta resident, the village association has already alerted its external counsel, Lito Mondragon, as well as consulted a lawyer-director, former Lucio Tan counsel Antonio Ocampo, as to what legal options the association has.

Another Urdaneta resident, former Justice Minister Estelito Mendoza, has apparently been consulted as well, although it is not immediately clear if the Marcos cabinet member would on record appear and oppose Enrile, a Marcos cabinet colleague.

http://cocktales.ph/?p=1361

Ponce Enrile takes on Urdaneta restrictions
Cocktales
October 20, 2008

SENATOR Juan Ponce Enrile has opened a new litigation front, this time right in his backyard.

No, no, no, it has nothing to do with his wife, Ambassador to Vatican Cristina Ponce Enrile, but about three properties in Urdaneta Village that the Enriles own.

According to the grapevine, Enrile’s Jaka Investments has quietly filed a lawsuit against the Makati Registry of Deeds seeking to cancel the deed of restrictions annotated in the three Urdaneta land titles.

Enrile’s position is that the 50-year-long, Ayala-imposed restrictions expired on June 1, 2008, and that the Urdaneta Village Association could not extend them without the specific consent—by power of attorney, and not by mere proxy, in case of a stockholders’ meeting—of each property owner.

The senator’s position, incidentally, is identical to that taken by a group of Bel Air residents, led by lawyer Nordy Diploma, who have successfully blocked the extension of a similar Ayala-imposed restrictions on their titles.

Raffled off to Makati Regional Trial Court Judge Dina Pestano Teves, the Enrile suit will still have its first hearing on Dec. 12 but, apparently, the village association, although not a party, has already gotten wind of the litigation.

According to an Urdaneta resident, the village association has already alerted its external counsel, Lito Mondragon, as well as consulted a lawyer-director, former Lucio Tan counsel Antonio Ocampo, as to what legal options the association has.

Another Urdaneta resident, former Justice Minister Estelito Mendoza, has apparently been consulted as well, although it is not immediately clear if the Marcos cabinet member would on record appear and oppose Enrile, a Marcos cabinet colleague.


^^ What are the restrictions imposed on the Urdaneta property? I assume that they want to remove any height limit restrictions on their property similar to the Bel-Air deed of restrictions before.

^^ What are the restrictions imposed on the Urdaneta property? I assume that they want to remove any height limit restrictions on their property similar to the Bel-Air deed of restrictions before.

I also think this is about FAR and height restrictions. Possibly commercial and residential land use restrictions as well.

naku etong si enrile., bakit ba hindi niya asikasuhin yung chaka niyang tower sa ayala ave? bago niya asikasuhin ang mga ito.

Well I'm not a big fan of this guy but I am a huge proponent for the redevelopment of all villages along EDSA. This is way more important than his private affairs. BelAir, Urdaneta and San lorenzo have actually been rezoned by Makati to increased density (FAR 4). The old association and title restrictions have been used to block these changes. These are unfortunate for a small priviledged few obstruct needed changes to make our city more livable. Freeing up these areas for greater density would allow more homes and commercial establishments to be built closer to the cbd. Imagine all these villages hosting 4 to 6 times more people than they current are allowed. This would create a walking environment to allow people to work and live near each other. Traffic would lessen as other alternatives can now be found e.g. walking! The ironic part is that removing these restrictions makes these homeowners even richer! Of course aside from a few people who are rich and resist change, a big company which we will not mention but anyone can guess :lol:who is also not in favor of this specially as it develops an alternative cbd close by and far off in laguna. If developers could redevelop in San lo then there would be huge sucking sound as buyers and capital start moving in the direction of makati once more.

Anyway I believe this is a matter of time as emminent domain will ultimately stand. You can not leave the power to shape urban areas in the hands of private interests. We already have too much of that here.

Well I'm not a big fan of this guy but I am a huge proponent for the redevelopment of all villages along EDSA. This is way more important than his private affairs. BelAir, Urdaneta and San lorenzo have actually been rezoned by Makati to increased density (FAR 4). The old association and title restrictions have been used to block these changes. These are unfortunate for a small priviledged few obstruct needed changes to make our city more livable. Freeing up these areas for greater density would allow more homes and commercial establishments to be built closer to the cbd. Imagine all these villages hosting 4 to 6 times more people than they current are allowed. This would create a walking environment to allow people to work and live near each other. Traffic would lessen as other alternatives can now be found e.g. walking! The ironic part is that removing these restrictions makes these homeowners even richer! Of course aside from a few people who are rich and resist change, a big company which we will not mention but anyone can guess :lol:who is also not in favor of this specially as it develops an alternative cbd close by and far off in laguna. If developers could redevelop in San lo then there would be huge sucking sound as buyers and capital start moving in the direction of makati once more.

Anyway I believe this is a matter of time as emminent domain will ultimately stand. You can not leave the power to shape urban areas in the hands of private interests. We already have too much of that here.

^^ I remember reading a previous post of yours that there are plans to develop a portion of Urdaneta, particularly along Paseo, for high rise developments before. Are those plans still on?

Nothing concrete because the issue regarding the changes has not been settled. Lots of these in the pipeline though. Even the buildings along buendia will start to redevelop as they can now use their higher FARs. With the current restrictions they are limited to half the lot use (other half for parking), and a height restriction. So effectively you only 4 or 5 story buildings with very low ceiling there.

why do those houses in Belair , San Lorenzo cost in the hudreds of millions?
they cost more that the houses in the US.

di naman, they typically cost less than Php 50million. Sa urdaneta village mas mahal as a more prime subdivision with larger lots so even if per sq.m. rates may be lower the absolute basis is almost always higher.

Its the houses in Forbes Park that cost 100 million +

^^ correct.. i even know of one that sells the property for 200M.. amazing..

a little bit off topic

these two buildings are not U/C anymore right?

http://i225.photobucket.com/albums/dd143/christ0pherjude/102_4998.jpg
http://i225.photobucket.com/albums/dd143/christ0pherjude/102_5001.jpg

this i believe is on hold, it's near qc circle.
http://i225.photobucket.com/albums/dd143/christ0pherjude/102_4998.jpg


this one on the other hand is el presidente tower of megaworld. it's u/c due 2010. :cheers:

http://i225.photobucket.com/albums/dd143/christ0pherjude/102_5001.jpg

hope this helps. :banana:

hi! does anyone know how to get to Two World Square, Upper McKinley Road, McKinley Hill Cyberpark, Fort from Edsa just by commuting??? im just knew working in one of the offices here. i cant always bring a car especially with the rocket high prices of fuel...please help me. thank u so much.

if you are commuting, try this...get a tenement-bound jeepney from guadalupe, then ask them to drop you off at McKinley Hill gate. that should be too far away from the gates.

or...take the fort bus beside ESDA-MRT, Ayala then to Market Market, and take a jeepney to Tenement, do the same as above. maybe others have better idea in mind.

this one on the other hand is el presidente tower of megaworld. it's u/c due 2010. :cheers:

http://i225.photobucket.com/albums/dd143/christ0pherjude/102_5001.jpg

hope this helps. :banana:

that one is the andrea north skyline tower along aurora blvd. its planned to go back in construction in a few months. proceeds from the icon residences in the fort would be poured into finishing this huge eyesore., :)

----------
yung jardin el presidente yung malapit sa ABSCBN diba? malayo pa yun sa top-off nung last ko siya nakita. :)

^^ Not just from Icon Residences but also Icon Plaza wherein Philrealty's contribution to the development is their land, the lot where Icon Plaza will rise.

PhilRealty sees QC project completion in end-2009
By Miguel Camus
Researcher

http://www.businessmirror.com.ph/08112008/companies03.html

DEVELOPER Philippine Realty and Holdings Corp. (PhilRealty) expects its luxury high-rise project, the Andrea North Skyline Tower, will be completed by end- 2009. The company has set aside P1 billion to finish the construction of development, which was 50-percent complete when the project was suspended in 1999.

Andrea Skyline Tower is the first building in the multibillion-peso Andrea North Complex in New Manila, Quezon City, which will consist of several high-rise luxury condominiums.

“We hope to resume construction by the end of next month,” Amador Bacani, PhilRealty president, told reporters during the company’s stockholders’ meeting on Friday. The company is also the builder of the Philippine Stock Exchange Center in Pasig.

The completion of the 32-story Andrea Skyline Tower is a requirement for PhilRealty to exit corporate rehabilitation filed with the Quezon City Regional Trial Court in late 2002. The petition was approved in 2003.

According to a statement by the company, part of the P1-billion budget will come from the sale of the remaining unsold units with a current selling price of P1.28 billion, as well as from proceeds of a joint venture with Xcell Property Ventures Inc. on landbank inside the Bonifacio Global City. Bacani noted that sale of the remaining units in Andrea Skyline will resume “about three to six months” after the company resumes construction.

Bacani further added that the remaining debt to bank creditors, which amounted to P530 million at the start of 2008, is close to being settled.

Apart from the Andrea North Complex, PhilRealty’s current projects include the Icon Residences and Icon Plaza in Bonifacio Global City; Ivy League Square in Malate; and Tagaytay Parklands in Tagaytay City.

----

yung jardin el presidente yung malapit sa ABSCBN diba? malayo pa yun sa top-off nung last ko siya nakita. :)

this one on the other hand is el presidente tower of megaworld

It's "El Jardin del Presidente".

----

http://i225.photobucket.com/albums/dd143/christ0pherjude/102_4998.jpg

It's the Capitol Plaza of Fil-Estate. The project is on-hold.

^^ share ko lang :)

http://farm4.static.flickr.com/3135/2891397219_2a4d79fb02_b.jpg

It's the Capitol Plaza of Fil-Estate. The project is on-hold.

Ohh.. since when?

it's been like than since 2003 at least. could be earlier than that.

Sayang naman. :ohno: Ang laki pa naman tignan. :(

^^ Here's a rendering from http://www.emporis.com/en/il/im?id=116552 , just in case you want to see how it would have looked like if completed.
http://www.emporis.com/images/6/2001/04/116552.gif

^^ Thanks. :D

tanga talaga ng mayor na nagpahinto ng project na yan :bash: kung kailan nag top off eh dun pa pinatigil :sleepy: it's such a big eyesore na tuloy.

sm residences placed an ad in section q of the philippine star yesterday (31 october 08) with 3 new renders (the two leftmost and the rightmost in the scan) included in the ad:

http://img185.imageshack.us/img185/631/smresidencesqd5.jpg

for announcement purposes, they included 5 new projects:
1. jupiter residences, makati city
2. stanford residences, katipunan, qc
3. princeton residences, new manila, qc
4. tree residences, cainta, rizal
5. wind residences, tagaytay city

^^ ganda nung nasa pinaka left at pinaka right, :)

Yung nasa pinaka-right mukhang high-rise version ng Sea Residences. :lol: Pero maganda sya ha, kasi manipis.

:D

The Wind Residences looks nice. :okay: as well as the Jupiter. :D

How did you know Wind from Jupiter? :D

@xandro didn't name them in sequence with reference to the pic above it.

The Wind Residences looks nice. :okay: as well as the Jupiter. :D

Which one is Wind? I believe it's not included in those renderings.

i think hindi sequenced yung labels... i don't think tagaytay zoning allows those kind of tall structures, and i dont think the one in the middle will be in new manila.

oh yeah. :lol: My bad guys sorry. :D

Talagang nature ang theme ng SM ah. I've seen this one too. Jupiter Residences is news to me. San kaya yan sa Jupiter? Could it be in PLDT lot near Mapua?

^^i've seen some construction dun nga sa may mapua, tapat ng bagong starbucks sa jupiter st. could this be yung Jupiter Residences? I have no idea rin on this one? do we have a thread for this?

tanga talaga ng mayor na nagpahinto ng project na yan :bash: kung kailan nag top off eh dun pa pinatigil :sleepy: it's such a big eyesore na tuloy.

pinahinto? why? i thought it stopped bcoz of asian crisis. sayang ganda pa naman sana!

Yung nasa pinaka-right mukhang high-rise version ng Sea Residences. :lol: Pero maganda sya ha, kasi manipis.

^^ i must agree.. i love this tall version of the dwarf sea residences..

where could this project be located? i would love it if this will be built in cainta.. makati may not have space for such project.. will investigate..

^^ I think it has this Hong Kong-y appeal like Mezza Residences.

In news headlines today, it was announced that Trump will be involved in a new $1Bln project in Subic called the Subic Neocove.

Check out the thread I created under Philippine Projects on the Rise -->

http://www.skyscrapercity.com/showthread.php?t=742024

What happened to Trump's interest in the Fort? Will that push through?

sm residences placed an ad in section q of the philippine star yesterday (31 october 08) with 3 new renders (the two leftmost and the rightmost in the scan) included in the ad:

http://img185.imageshack.us/img185/631/smresidencesqd5.jpg

for announcement purposes, they included 5 new projects:
1. jupiter residences, makati city
2. stanford residences, katipunan, qc
3. princeton residences, new manila, qc
4. tree residences, cainta, rizal
5. wind residences, tagaytay city

ang cute naman nung nasa left. alin jan sa list yun?:)
simple sya pero nagkaroon ng buhay dahil sa kulay. di katulad ng iba (like the second one), simple na nga napakaboring pa.

:)

Let's continue the discussions here...

Link to Thread 8 (http://www.skyscrapercity.com/showthread.php?t=572816)

RE: 3. princeton residences, new manila, qc

Ito ba yung sa harap ng St.Paul QC?

Someone texted me and inviting me to attend the launching for this project.

I saw a tarpaulin at shaw mandaluyong former jeepney and tricycle station saying at this site will rise 38 storey residential commercial condominium

Saan yun mismo?

out of topic,,, shatter proof ba mga bintana sa office towers, kapag ba nadapa ako at napasandal sa salamin, hinde ba ako mahuhulog sa baba? i'v got this phobia kasi... i dont even know kung may term n sa phobia ko

^^in general it should be, barring nagtitipid na developer and some freak accident, if you fall onto a curtain glass wall which can stand up against 200kph winds then you can hurt yourself hitting the glass!

Its not tarpaulin its just a board :nuts: its just under the Shaw MRT station

nakita ko rin yun announcement na iyon 38 storey Residential/Commercial.

I dont know guys but as what i heard from my uncle that is related to the company connected to the Sta Lucia Realty magkakaraoon daw ng high rise project ang Sta. Lucia dito sa crossing along Shaw cor. EDSA matagal ko ng narinig ang info na iyon kaso i want to verify it kutob ko ito yun! what do you think?

If thats Sta Lucia this is their second project in terms of vertical development right? The first one is at Mother Ignacia...La Breza

alam ko meron din proposal si greenfield dyan gagawa twin tower condo ..dyan sa may edsa central

eh yung ginagawa sa shaw, besides the suzuki garage.

Jusmag lot auction readied
http://www.manilastandardtoday.com/?page=business1_nov10_2008
By Elaine Ramos Alanguilan

BAGUIO CITY—State-owned Bases Conversion and Development Authority will put a 35-hectare property near Fort Bonifacio in the auction block next year after the Supreme Court restored government ownership of the controversial property.

“After the Supreme Court issued the favorable ruling where government will reclaim ownership of Jusmag, the title held by the retired generals has been canceled and the agency obtained the title to 30.8 hectares. Getting the title means no more impediments for us to dispose of the property,” said Aileen Zosa, vice president for business development of BCDA.

She said the agency would bid out early next year the contract for the property’s master plan, including the 33.6-hectare Ascom BNS Navy Headquarters and the 25.8-hectare Novai property, which is also the subject of a court litigation.

She said Jusmag property was initially valued at P20,000 per square meter.

“We want to masterplan the whole area into Bonifacio South to maximize land values and big developers can give us good price. The Jusmag property is initially valued at P20,000 per sq. m. on a raw land basis but the minimum bid offer could be higher with the master plan,” said Zosa.

The controversial 35-hectare property is located near the high-rise condominium Essensa, the posh Forbes Park and right across the headquarters of the Philippine Army.

The Bases Conversion and Development Act restored the ownership of the property to the agency. However, retired military generals, who reside there, contested the claim, leading to a court battle that lasted several years before it was resolved early this year.

Zosa said developable land in the proposed Bonifacio South was 93 hectares, with the Jusmag property accounting for nearly half of the entire area.

She said the Jusmag property would be disposed of by the middle of next year as the first phase of Bonifacio South. Part of the master plan is to widen Lawton Avenue, the main road artery in Fort Bonifacio.

“We will start publication for the bidding of the master plan in two weeks. Conceptual bidding usually takes us three months to complete. By June next year, we should be ready to dispose the property under the competitive mode pursuant to the joint venture guidelines crafted by the National Economic and Development Authority,” said Zosa.

She said the proposed Bonifacio South would be mixed-use development and include cultural, convention center and arts centers, institutional and government offices, “which are usually forgotten in the quest for profits in real estate development.”

CCP takes center stage in 2009
Source: Manila Times
By Johanna M. Sampan, Reporter

When the Cultural Center of the Philippines (CCP) celebrates its 40th anniversary next year, it will also be launching the largest cultural center development in the world, Nestor Jardin told The Manila Times on Tuesday.

In an exclusive roundtable interview, Jardin, Cultural Center president, said they plan to enter into a joint-venture project with a private company or a consortium for the development of 62.4 hectares of the 88-hectare property that straddles Pasay City and Manila.

The area of prime real estate in the Philippine capital is huge, compared to the five-hectare Esplanade in Singapore, the 15-hectare cultural center in South Korea and others in the world.

The land to be developed, which is worth about P40.56 billion, would be the share of the Cultural Center of the Philippines, Jardin explained. The cultural center has no money to invest, and it could only lease the property to its joint-venture partner, he said, adding, “We have to hold it [the land] in trust for the Filipino people.”

The area being eyed for development will cover the cultural center complex that is bounded by Manila Bay to the east and north, and by Roxas Boulevard on the west and Sen. Gil Puyat Avenue (Buendia) on the south. Jardin said the area would exclude the Philippine International Convention Center (PICC), the Coconut Palace, Gloria Maris restaurant and the Softitel Hotel.

With this project, Jardin said he hopes the cultural center would be financially independent from government by 2015—five years after development is completed.

At the moment, the cultural center receives 50 percent —about P165 million—of its funds from government subsidies, Jardin said. The center raises the balance of its revenue requirements, Jardin explained, from production ticket sales, sponsorships, merchandise sales, and rentals of property, such as the cluster of restaurants on Harbour Centre and Sofitel Hotel.

“We’re foreseeing that in the next three years that sponsorships, grants and donations will go down,” he said. “In this kind of business, you have to be extremely resourceful and persistent.”

Art and culture hub

A major stipulation of the cultural center would be to devote 50 percent of the land to open areas, which include roads and even a small forest, Jardin said.

“I don’t want it to be a concrete jungle,” he added. Later he said, “I don’t like it [to be] a mall. I will veto a mall.”

The general plan is to make the complex a national hub for the arts and culture, Jardin said, adding that he envisions the area to have art galleries, offices for animation, restaurants, shops and lifestyle markets.

But there are few other details to be discussed, because the terms of references for the bidding are still being drafted, he said.

Jardin said he expects the bidding to take place sometime in the first quarter of 2009, the awarding of the contract in the following quarter, and construction to begin on 2010.

But likely, there will be a bids and awards committee that will be comprised of four members of the Cultural Center of the Philippines, representatives from the Office of Government Corporate Counsel and the National Economic and Development Authority, as well as observers from the Commission on Audit, the center’s internal audit team and other government officials.

“It’s a tedious and long [process],” Jardin said. “But what I like about it is that it’s transparent.”

If Jardin is successful, this would be the most important legacy before he finishes his second four-year term as cultural center president on July 2009.

The cultural center charter limits its president to serve only two four-year terms. Jardin said he does not want to have his term extended. “I want future presidents of the CCP to respect the bylaws.”

But he added that he does not exclude the possibility of the serving the cultural center as a consultant or in some other capacity.

The cultural center was inaugurated on September 1969, and Jardin said that like any organization celebrating a milestone, they would like to utilize the occasion to promote the organization as a leading artistic and cultural institution of the country and highlight its accomplishment during the last four decades.

Celebrations will kick off in February, which is National Arts Month, and culminate in September 2009, when the cultural center will pay tribute to people and institutions that helped create it and sustained it through the years.

nice to hear this good news... ang dami ng development sa bay area magmula sa mga condominiuns, hotels, theme parks, malls, casinos, parks, pati cultural at exhibition centers. excited na ko sa mga darating na taon.

wow finally!!! pipiliin kaya nila yung winning entry sa design contest nila before??? i hope that they will build something really iconic...something that's equivalent to sydney opera house. :banana:

^^may picture ka ba nung design na yun? baka naman pede mong ipost dito..

Well in this real estate market, good luck to the ccp.

I remember those photos.
They were awesome.

Guys, sorry for a bit off topic but this is related to Supertall project - Burj Dubai, just sharing....I thought they are not affected.

actually your right , its making headlines here and on BBC. Emaar and Nakheel have laid off around 19,000 employees each , 70% of projects handled by nakheel and emaar have been put on hold for 1 - 2 years (depending on how large the scale of the projects are) .... The GOV of Dubai has sent an official letter to the president asking for total bankrupcy protection ... its a mess and im pretty damn sure 99% of projects announced at this years City Scape 2008 have either been cancelled or put on hold

http://www.flickr.com/photos/23654260@N06/2253616675/in/photostream/
http://www.flickr.com/photos/23654260@N06/2253616477/in/photostream/
http://www.flickr.com/photos/23654260@N06/2254413698/in/photostream/
http://www.flickr.com/photos/23654260@N06/2254413530/in/photostream/
http://www.flickr.com/photos/23654260@N06/2254412916/in/photostream/
http://www.flickr.com/photos/23654260@N06/2254412764/in/photostream/
http://www.flickr.com/photos/23654260@N06/2254412216/in/photostream/

can't see pics... pls repost...

http://www.flickr.com/photos/23654260@N06/2253616675/in/photostream/
http://www.flickr.com/photos/23654260@N06/2253616477/in/photostream/

http://www.flickr.com/photos/23654260@N06/2254413698/in/photostream/

http://www.flickr.com/photos/23654260@N06/2254413530/in/photostream/

http://www.flickr.com/photos/23654260@N06/2254412916/in/photostream/

http://www.flickr.com/photos/23654260@N06/2254412764/in/photostream/

http://www.flickr.com/photos/23654260@N06/2254412216/in/photostream/

here goes...

here goes...

Sorry still can't see it.

http://farm3.static.flickr.com/2247/2253616675_a67be5b3e8.jpg?v=0

http://farm3.static.flickr.com/2388/2253616477_de0ea96b91.jpg?v=0
http://farm3.static.flickr.com/2022/2254413698_9acba0c334.jpg?v=0

http://farm3.static.flickr.com/2362/2254413530_1df0600485.jpg?v=0


http://farm3.static.flickr.com/2110/2254412916_aa1c0068af.jpg?v=0

http://farm3.static.flickr.com/2318/2254412764_a0ce41e54a.jpg?v=0


http://farm3.static.flickr.com/2219/2254412216_f7ab49a3fe.jpg?v=0

http://farm3.static.flickr.com/2409/2253614261_e03d7135ed.jpg?v=0

http://farm3.static.flickr.com/2112/2254411780_8bcff3415e.jpg?v=0

http://farm3.static.flickr.com/2267/2253613875_58c56ccc99.jpg?v=0

^^ These are the proposed designs for the re-invention of the whole CCP, or the Cultural Center of the Philippines. This will be the biggest reinvention yet of a Cultural Center in anywhere in the world, according to a CCP Board Member.

I found the article somewhere dito sa SSC, nakapost na siya, pero tinatamad ako e tsaka nakalimutan ko na kung saang thread......

If thats Sta Lucia this is their second project in terms of vertical development right? The first one is at Mother Ignacia...La Breza

BUYERS BEWARE I bought a lot from Sta. Lucia and the Name of their project is Pinewoods Golf and Country Estate in year 1999 hoping that someday when I retire I can be able to play golf. Its now November 16, 2009 and that promised golf course designed by Gary Player in not complete yet. Yes thats almost 10 years already. In fact up to now even the electrical posts are non existent.

Please read this article.

THIRTEENTH CONGRESS OF THE REPUBLIC
OF THE PHILIPPINES ) 6 ,JRN 26 ?:
Second Regular Session
)
) I
f>i; Resolution No. _LI
Introduced by Senator Ramon Bong Revilla, Jr.
RESOLUTION
REQUESTING THE COMMITTEE ON URBAN PLANNING, HOUSING AND
RESETTLEMENT TO INVESTIGATE, IN AID OF LEGISLATION, STA. LUCIA
DEVELOPMENT CORPORATION FOR ITS FAILURE TO COMPLY WITH ITS
DEVELOPMENT UNDERTAKINGS AS WELL AS VIOLATION OF VARIOUS
LAWS RULES AND REGULATIONS AT IT'S PINEWOOD GOLF AND
COUNTRY CLUB PROJECT IN BAGUIO CITY, PROVINCE OF BENGUET
WHEREAS, in sometime n 1995, the Sta. Lucia Development Corporation
offered for sale to the public-at-large subdivision and fairways lots, golf shares
and other world class amenities including a GARY PLAYER designed fairway
golf course and a country club hotel complex in its Pinewood Golf And Country
Club Project In Baguio City, Province Of Benguet.
WHEREAS, said Sta. Lucia development Corporation assured its buyers
that titles over the property were free from any liens, encumbrances and claims
and that within a three year period, full development to the state shall have taken
place.
WHEREAS, several individuals all over the country were convinced by the
offer of Sta. Lucia Development Corporation to purchase a lot or two and parted
away with hard earned money to fully pay or pay the 90% down payment to have
a chance to belong to an exclusive country club in the summer capital of the
Philippines.
WHEREAS, evidence shows that it was only in 1998 that the Housing
Land Use and Regulatory Board (HLURB) issued the License to Sell for the
Pinewood Golf and Country Club project of the Sta. Lucia Development
Corporation, thereby making the re-selling activities of the same illegal and
contrary to law.
WHEREAS, the alleged simple illegal act of pre-selling in bad faith would
have made the corporation liable for violation of laws and subject itself to the
revocation of its license to sell and to develop, however, it merely paid miniscule
fines while collecting large sums of money from its patrons and possibly the
same for projects elsewhere.
WHEREAS, almost ten years have passed and despite full or required
90% down payment, individual titles have not been delivered, no fairway lots or
promised country club constructed and no development in general, has been
performed.
2
WHEREAS, for purposes of amending the current laws on Housing and
Land use there is a need for more protection to subdivision buyers and introduce
stiffer penalties and sanctions for developers as well as enhancing the quasijudicial
powers of the Housing and Land Regulatory Board. Now, therefore be if
RESOLVED BY 'THE SENATE OF THE PHILIPPINES, THAT THE
COMMITTEE ON URBAN PLANNING, HOUSING AND RESETTLEMENT
INVESTIGATE, IN AID OF LEGISLATION, STA. LUCIA DEVELOPMENT
CORPORATION FOR ITS FAILURE TO COMPLY WITH ITS DEVELOPMENT
UNDERTAKINGS AS WELL AS VIOLATION OF VARIOUS LAWS RULES AND
REGULATIONS AT IT'S PINEWOOD GOLF AND COUNTRY CLUB PROJECT
IN BAGUIO CITY, PROVINCE OF BENGUET.
Adopted,

i wish i can see the pics. :sleepy:

Fil-Estate, Sy family begin talks for Batangas project
http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=2010:fil-estate-sy-family-begin-talks-for-batangas-project&catid=24:companies&Itemid=59

Written by Honey Madrilejos-Reyes / Reporter
Sunday, 16 November 2008 22:10

LISTED Fil-Estate Land Inc. (Feli) is in talks with a member of the Sy family for the possible joint development of the Nasugbu Harbortown project in Batangas.

In an interview, Feli chairman Robert John L. Sobrepeña said he has been meeting with Teresita Sy-Coson, eldest daughter of shopping mall magnate Henry Sy Sr., to work out a codevelopment agreement that would pave way for the start of construction of the mixed-use project.

He envisions the initial phase of Nasugbu Harbortown—sitting on a 216-hectare land—will feature 833 lots for the residential segment and an 18-hole golf course, among others.

A reliable source told the BusinessMirror that an entity called Country Leisure was formed years ago to undertake the development of the Nasugbu property but this failed to take off, pending some concerns. Country Leisure is a joint venture between the Sobrepeñas and Luis Coson, the late husband of Tessie Sy.

“An agreement has yet to come between the parties,” said the source.

Nasugbu Harbortown is just among the projects lined-up by Feli to shore up its revenues. Other projects are the Twin Lakes residential development in Laurel, Batangas; additional residential projects within Camp John Hay in Baguio City; and office building projects intended for the business process outsourcing firms, some of which will be done in partnership with Ayala Land.

Earlier, Feli said it will put on sale some assets, including pieces of properties in Baguio, Boracay Island and Tagaytay to generate up to P1.5 billion in proceeds to support its development program as well as retire some loans.

Sobrepeña said the company is leaning towards selling some assets to boost liquidity, thus, preventing them from securing more borrowings.

These assets located inside Camp John Hay in Baguio City, Fairways and Bluewater Resort Golf and Country Club in Boracay and Southwoods in Tagaytay.

“I think these are already ripe for selling. Before, our strategy is hold on to these lots and later on put up structures on them. Now, instead of us building the condos, we are giving opportunities to other developers to come in and build their own,” said Sobrepeña.

The Boracay lots are expected to fetch a high value given the strong demand for properties in the island. The selling rate of a lot in Boracay is pegged at P15,000 to P20,000 per square meter.

Nice eastern Philippines is much more awaited if it is there to be built. The lands are much2x more cheaper and more room to expand and develop including the lesser hassles in squatters.:)

Ano ba yung property dyan along C5(southbound), pagbaba ng Bagong Ilog Pasig flyover? Sa pagitan ng Dragon Cement at Toyota Shaw-Ortigas?
Madalas ko itong makita kapag nakasakay ako ng taxi.
May bakod na ang malawak na lote at wala pang istraktura na ginagawa.
Ano ba ito?

^^ Southbound? hmm... Are there huge empty lots there? Dragon Cement and Toyota are on the northbound side so a lot between them should also be on the northbound side of C5.

guys, ano yung dalawang buildings na U/C along Kalayaan (Cembo) mejo katapat ng Total Corporate Center? Seems to be large structures.

Since we now know that the Pacific Coast City project is in AURORA, this is the wrong thread (MM Proposals and U/C Thread) for talking about that project na.

Paging mod @thomasian... HELP! :)

New thread, Pacific Coast City:
http://www.skyscrapercity.com/showthread.php?t=751508

Fil-Estate, Sy family begin talks for Batangas project
http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=2010:fil-estate-sy-family-begin-talks-for-batangas-project&catid=24:companies&Itemid=59

Written by Honey Madrilejos-Reyes / Reporter
Sunday, 16 November 2008 22:10

LISTED Fil-Estate Land Inc. (Feli) is in talks with a member of the Sy family for the possible joint development of the Nasugbu Harbortown project in Batangas.

In an interview, Feli chairman Robert John L. Sobrepeña said he has been meeting with Teresita Sy-Coson, eldest daughter of shopping mall magnate Henry Sy Sr., to work out a codevelopment agreement that would pave way for the start of construction of the mixed-use project.

He envisions the initial phase of Nasugbu Harbortown—sitting on a 216-hectare land—will feature 833 lots for the residential segment and an 18-hole golf course, among others....

Ang showbiz ah, may denial naman ngayon ang SM! :lol:

SM denies agreement with Fil-Estate
http://sminvestments.com/News.php?BlurbID=1764
19 Nov 2008
Source: Manila Bulletin

SM Investments Corporation (SM), through its subsidiary, Costa del Hamilo, is focused on developing Hamilo Coast which has 13 coves in Nasugbu, Batangas and is not forging any agreement with Fil-Estate Land Inc. for the joint development of Nasugbu Harbor Town.

SMIC’s first project in Hamilo is Pico de Loro Cove, which is a mixed-used project consisting of residential condominiums, a beach and country club and a hotel facility. Pico de Loro is one of several resort communities that will be developed in the SM property.

Meanwhile, SM Development Corporation (SMDC), the middle-income residential development unit of the SM Group, has sold at least 70 percent of the 504-unit Ritz, the fourth of the planned six clusters of mid-rise condominium buildings completed at Chateau Elysée in Parañaque City.
Continued high market demand for high-quality real estate products, affordable prices over flexible payment terms and assurance of on-time and fast turnover contributed to the company’s robust sales performance, said SMDC assistant vice president and project director of Chateau Elysée Gilbert Ang.

Construction of the new cluster, called "Vendome," has started at a development cost of P350-million. Vendome will offer a mix of one- and two-bedroom units with a floor area of 24 to 48 square meters, respectively. The units will cost P1.2 million to P3.5 million.

The biggest among the condominium clusters in the entire Chateau Elysée project, the seven-level condominium buildings of Vendome will make available 560 more residential units or 140 units per building upon turnover in November 2009.

watch out for the launching of the Noah's ark property in Mandaluyong .. very nice design

^^ That fast?!?! I bet there will be a lot of people asking if they'll be using again for unit-partition those gypsum walls for this new project. :D

Ang showbiz ah, may denial naman ngayon ang SM! :lol:

SM denies agreement with Fil-Estate
http://sminvestments.com/News.php?BlurbID=1764
19 Nov 2008
Source: Manila Bulletin

SM Investments Corporation (SM), through its subsidiary, Costa del Hamilo, is focused on developing Hamilo Coast which has 13 coves in Nasugbu, Batangas and is not forging any agreement with Fil-Estate Land Inc. for the joint development of Nasugbu Harbor Town.

SMIC’s first project in Hamilo is Pico de Loro Cove, which is a mixed-used project consisting of residential condominiums, a beach and country club and a hotel facility. Pico de Loro is one of several resort communities that will be developed in the SM property.

Meanwhile, SM Development Corporation (SMDC), the middle-income residential development unit of the SM Group, has sold at least 70 percent of the 504-unit Ritz, the fourth of the planned six clusters of mid-rise condominium buildings completed at Chateau Elysée in Parañaque City.
Continued high market demand for high-quality real estate products, affordable prices over flexible payment terms and assurance of on-time and fast turnover contributed to the company’s robust sales performance, said SMDC assistant vice president and project director of Chateau Elysée Gilbert Ang.

Construction of the new cluster, called "Vendome," has started at a development cost of P350-million. Vendome will offer a mix of one- and two-bedroom units with a floor area of 24 to 48 square meters, respectively. The units will cost P1.2 million to P3.5 million.

The biggest among the condominium clusters in the entire Chateau Elysée project, the seven-level condominium buildings of Vendome will make available 560 more residential units or 140 units per building upon turnover in November 2009.

Fil-Estate strike 2! :lol:

Ayala slaps down Sobrepeña

UH, OH. Instead of simply issuing a diplomatic denial, the normally tight-lipped Ayala Land Inc. issued yesterday a lengthy clarification about the alleged impending partnership with Fil-Estate in a planned cluster of call center buildings adjoining Ayala’s TriNoma mall.

No less than an enthusiastic Fil-Estate chief executive Robert John Sobrepeña had been quoted earlier as saying that the two companies, part of the original seven-member consortium that built MRT-3 and also given rights to develop the government land that adjoins the MRT-3 terminal and TriNoma, were close to signing a joint venture agreement for the development of 8-10 call center buildings.

“We wish to clarify that ALI has not entered into any agreement nor entered into any discussion with Fil-Estate Land Inc. for the development of the claimed MRT DevCo IT Park...,” ALI’s chief financial officer Jaime Ysmael said.

Just in case the above statement may still be subject to misinterpretation, Ysmael then continued: “...The consortium members have not come to an agreement on any specific development that will be undertaken on the remaining area of the property nor the mode of cooperation among them, including whether any development will be pursued jointly or separately.”
http://www.manilastandardtoday.com/?page=business6_nov19_2008

watch out for the launching of the Noah's ark property in Mandaluyong .. very nice design

^^really? whats the tagline kaya?

is it like the "smart. sexy. available." tagline? :lol:

i saw the bridge being built. meron na rin siguro demolition of the factory?

Fil-Estate strike 2! :lol:

Ayala slaps down Sobrepeña

UH, OH. Instead of simply issuing a diplomatic denial, the normally tight-lipped Ayala Land Inc. issued yesterday a lengthy clarification about the alleged impending partnership with Fil-Estate in a planned cluster of call center buildings adjoining Ayala’s TriNoma mall.

No less than an enthusiastic Fil-Estate chief executive Robert John Sobrepeña had been quoted earlier as saying that the two companies, part of the original seven-member consortium that built MRT-3 and also given rights to develop the government land that adjoins the MRT-3 terminal and TriNoma, were close to signing a joint venture agreement for the development of 8-10 call center buildings.

“We wish to clarify that ALI has not entered into any agreement nor entered into any discussion with Fil-Estate Land Inc. for the development of the claimed MRT DevCo IT Park...,” ALI’s chief financial officer Jaime Ysmael said.

Just in case the above statement may still be subject to misinterpretation, Ysmael then continued: “...The consortium members have not come to an agreement on any specific development that will be undertaken on the remaining area of the property nor the mode of cooperation among them, including whether any development will be pursued jointly or separately.”
http://www.manilastandardtoday.com/?page=business6_nov19_2008

LOL. Matapos silang i-deny nang dalawang beses ng magkaibang kumpanya. In showbiz terms, pwede na silang tawaging 'gimikero'. :D I wonder how these kinds of publicity will affect them, well, aside from the possible cancellation of whatever deals they're cooking.

SEC approves SMPI-GSIS joint venture
http://www.mb.com.ph/BSNS20081121141508.html


By ANA MARIE MACUJA

The Securities and Exchange Commission (SEC) has approved the incorporation of SMPI-GSIS Joint Venture Corporation, a partnership between San Miguel Properties, Inc. and state-run Government Service Insurance System (GSIS).

The newly-incorporated company has an authorized capital stock of P600 million, of which P300 million has been subscribed by the GSIS, Winston F, Garcia, Sergio M. Andal, Joseph T. Andres, Ramon S. Ang, Jeronimo U. Kilayko, Iñigo U. Zobel.

San Miguel Properties, the real estate arm of food and beverage conglomerate San Miguel Corporation, formed a joint venture with the GSIS to jointly develop a 1,766 square meter property in Makati into a high-end hotel.

Under the terms of the joint venture, GSIS will provide the land, while San Miguel Properties will provide the initial funding for the construction and development. The hotel project is estimated to cost approximately P1.7 billion.

GSIS, in a previous statement, said the hotel project which is adjacent to Greenbelt 1 in Legazpi Village in Makati City, would be a service apartment-type hotel. It will have world class facilities comparable to that of the Four Seasons Luxury Hotel in Hong Kong.

kawawa naman ang filestate... parang allergic ang big developers sa kanila... (i consider smic as a big developer na kahit wala pa sila naturnover, since henry sy is loaded)

^^ Southbound? hmm... Are there huge empty lots there? Dragon Cement and Toyota are on the northbound side so a lot between them should also be on the northbound side of C5.

yes thomasian :)
thanks for correcting me.

Wow that's great news! Hope it pushes thru! :okay: :okay:


I heard from my bro in law that the lot beside PSE is going to be a Four Seasons and Raffles type Hotel Residence. Thats gonna drive the prices in the place even higher when that gets built alongside Mind Museum, Shangrila and PSE.

rumor has it that ali will launch a 5-tower columns-type project at the recently acquired zuelig property near tcaa..

^^ tom will be our briefing about this..

across glorietta 1 near dusit thani hotel, ALI is proposing to do a mix use high rise development. maybe leechtat has more info

rumor has it that ali will launch a 5-tower columns-type project at the recently acquired zuelig property near tcaa..

^^ tom will be our briefing about this..

ummmm, i thought that would be the next site of AIM?

^^ not so sure, that's just the advice in the office... later we will have a briefing about this though..

also, the capitolyo project of ali will be moved to 2010 launching..

leechtat spill it out agad after ng meeting nyo. demanding ako eh hahaha :lol:

ummmm, i thought that would be the next site of AIM?

Sorry that I wasn't able to update you guys but AIM emailed us that the Zuellig property is not anymore an option for its relocation.

With this piece of news from @leechtat, at least we know that the Zuellig property will still be developed - for AIM or not.

yikes, that's a bummer! it would have been great to have AIM around the corner hehe. but this is good news nevertheless!

Sorry that I wasn't able to update you guys but AIM emailed us that the Zuellig property is not anymore an option for its relocation.

With this piece of news from @leechtat, at least we know that the Zuellig property will still be developed - for AIM or not.

@-TC-, does this mean that the AIM will stay at its present location for good (or just for the meantime)?

I will appreciate your reply.

More Power!

@-TC-, does this mean that the AIM will stay at its present location for good (or just for the meantime)?

I will appreciate your reply.

More Power!

No final decision on the transfer has been communicated to us yet. I can only assume that Nuvali is the only option left. Note that if ever this happens, only the campus for the degree programs will be transfered to Nuvali while the campus for the executive programs will remain in Makati.

which is which? the old building is for the mba's and the new tower is for the executive program? is this right.

Yung Alphaland Tower along Ayala Ave. meron nang ECC (Environmental Churva Churva, hehehe sorry nakalimutan ko yung ibig sabihin, parang clearance something). Siguro malapit na silang mag-umpisa :D

Yung Alphaland Tower along Ayala Ave. meron nang ECC (Environmental Churva Churva, hehehe sorry nakalimutan ko yung ibig sabihin, parang clearance something). Siguro malapit na silang mag-umpisa :D

ECC is Environmental Clearance Certificate.

By the way, here is the Ashmore Ayala Tower thread:
http://www.skyscrapercity.com/showthread.php?t=727896

ECC is Environmental Clearance Certificate.

By the way, here is the Ashmore Ayala Tower thread:
http://www.skyscrapercity.com/showthread.php?t=727896

^^ ECC stands for Environmental COMPLIANCE Certificate.

when peeking sa walls ng alphaland, merun ng foundation. tutuloy labg ba nila yung westmont bank tower design ?

rumoured zuellig property redevelopment has no official details out yet.. except for the rumor that it will be a five tower project.

also, the ferndale homes project will be called avesta (by alveo) and will launch by february 2009.

the alveo mercedes project, with modern townhomes, will launch by april 2009.

eh yung malaking lot owned ba nat bookstore sa may cubao?
yung vacant lots dun sa road papuntang qc monument, kita when u take mrt

^^ oo, national nga may-ari nun.. curious nga ako kung anong plans nila dun... let's hope for a midrise and highrise combo.. midrise unng aurora blvd part of the lot...

^^ When Dona Ramos was interviewed in 2006 about National Bookstore, she was asked if she intends to venture into real estate development, and she responded by saying that she has no expertise in real estate and she intends to just focus on what she is good at and that's the bookstore business. Now, we see a prime lot being acqquired by National Bookstore. Perhaps, she may have changed her mind about real estate business and am hoping she has. Otherwise, we would see the biggest National bookstore in the country.

any of you guys have an old rendering of the westmont bank tower?

Robinsons Land to develop Magnolia lot



Philippine Daily Inquirer
First Posted 04:33:00 12/20/2008

Filed Under: Real Estate, Company Information


Robinsons Land Corp., a unit of tycoon John Gokongwei’s JG Summit group, announced it would develop a 5.22-hectare lot in Quezon City that it has bought from San Miguel Properties Inc., a unit of the beverage and food group San Miguel Corp., into a residential and commercial complex.

The company said in statement it planned to develop a master-planned gated community on the lot, which previously housed the head office of the Magnolia dairy operations of Nestlé Philippines.

Robinsons Land bought the land for about P1.5 billion, sources said.

“Robinsons Land is very optimistic about the prospects of the project,” said company president Frederick Go said. He and other Robinsons Land officials declined to give details of the project, saying it was still in the planning stage.

Robinsons Land recently commissioned master-planner RTKL to draft conceptual drawings for the complex and Asya Design Partners to draft designs for the residential component.

The project is envisioned to be the first high-rise development in the New Manila area of Quezon City. The site is bounded by Aurora Boulevard, residential access roads of Doña Hemady Avenue and N. Domingo Street. Elizabeth Sanchez-Lacson; edited by INQUIRER.net

Just a thought.... whatever happened to the unfinished highrise project of Philrealty of the Lanuzas very near this lot? Isn't this also a part of New Manila, Quezon City area?

^^ I've read in an newspaper article that Philrealty recently paid by dacion-en-pago some of its debts and that it is already on it's way out of rehabilitation. I hope someone can find that article for posting here.

http://business.inquirer.net/money/breakingnews/view/20081223-179523/Ayala-Land-to-bid-for-FTI-property

Ayala Land to bid for FTI property
By Michelle Remo
Philippine Daily Inquirer
12/23/2008

Ayala Land Inc. has expressed interest to buy the 100-hectare property of the state-owned Food Terminals Inc. in Taguig City.

This was disclosed by Finance Undersecretary Crisanta Legaspi, the official in charge of privatization matters, who also said the government was bent on selling the property in the first half of 2009.

Legaspi said Ayala Land was one of the potential investors that have expressed interest in the FTI property. “FTI property is an attractive asset for developers,” Legaspi told reporters.

Finance Secretary Margarito Teves said the government was expected to generate at least P10 billion from the sale of the FTI property. He said this figure was conservative as earlier valuation for the property stood at P15 billion.

“After Petron, the government would next focus on the FTI property,” Teves said.

Click on link for the complete article.

^^ When Dona Ramos was interviewed in 2006 about National Bookstore, she was asked if she intends to venture into real estate development, and she responded by saying that she has no expertise in real estate and she intends to just focus on what she is good at and that's the bookstore business. Now, we see a prime lot being acqquired by National Bookstore. Perhaps, she may have changed her mind about real estate business and am hoping she has. Otherwise, we would see the biggest National bookstore in the country.

The biggest national bookstore is already located in cubao right? yung superbranch nila located near gateway

^^ correct.. but the issue at hand is the national bookstore lot that was recently aquired, located at edsa corner aurora blvd.

here:
http://eagleman65.googlepages.com/araneta.jpg
the lot at the upper right quadrant of the train's bisection..

from a conversation with a friend last night, i heard that shigeru ban, the architect of the centre pombidou in metz, has a project in legaspi village in makati. when asked if it's a new building or a renovation, i wasn't able to get a clear answer. i was told though that this will be near aim.

from a conversation with a friend last night, i heard that shigeru ban, the architect of the centre pombidou in metz, has a project in legaspi village in makati. when asked if it's a new building or a renovation, i wasn't able to get a clear answer. i was told though that this will be near aim.

Hmm... very interesting. Near AIM?

^^ could it be the recently acquired lot of century properties in legaspi village? one in legaspi cor paseo..

Hmm... very interesting. Near AIM?

yup, at the back of the school. if they ever pursue with the project, i do hope that he pushes the envelope as much as he does with his other projects.

^^ could it be the recently acquired lot of century properties in legaspi village? one in legaspi cor paseo..

can't exactly recall the family name but not the antonios

http://www.manilastandardtoday.com/?page=business6_jan5_2009

Heard through the grapevine

Real estate taipan Andrew Tan has quietly worked out another deal with the Manila City Hall that allows Tan’s mass-market Empire East subsidiary to build a residential condo complex on a city-owned property right beside the short-lived Jai Alai fronton in Harrison Plaza.

DMCI unit bags P5-B deal


Philippine Daily Inquirer
First Posted 03:20:00 01/07/2009

Filed Under: Construction & Property, Company Information

DMCI Holdings Inc. said its DM Consunji Inc. construction subsidiary had signed a P4.9-billion contract to build a condominium building and a luxury hotel in the Makati business district.

The contract is with KHI-ALI, a joint venture of Philippine property giant Ayala Land Inc. (ALI) and Dubai-based hotel and resort developer Kingdom Hotel Investments (KHI), DMCI said in a disclosure to the stock exchange, for construction of a 300-room Fairmont Hotel and Raffles Suites and Residences — a 30-suite Raffles Hotel and 189 Raffles-branded private residences.

KHI is a hotel and resort acquisition and development company focused on high-growth emerging markets such as the Middle East, Asia, and Africa. It has interests in 29 property projects in 20 countries: 22 hotels and resorts, and seven hotels and resorts either under construction or in the initial stages of development.

ALI announced last year the plan to develop a luxury hotel complex in Makati in partnership with KHI. Elizabeth S. Lacson; edited by INQUIRER.net

SM Group keen on Belle Corp.’s Parañaque property
Companies
Written by Honey Madrilejos-Reyes / Reporter
Monday, 05 January 2009 19:07

THE SM Group controlled by mall magnate Henry Sy has offered to acquire the 4.2-hectare prime lot in Parañaque City owned by developer Belle Corp.

A well-placed source at Belle told the BusinessMirror that the SM group has offered to buy the lot between P30,000 and P35,000 per square meter. But Belle is said to be “taking its time” and is still likely to entertain other offers.

“SM is interested in the property because it is adjacent to its developments within the Mall of Asia complex,” added the source.

The Sy company is an existing shareholder of Belle through property unit, SM Development Corp.

Belle earlier hinted plans of either selling the lot or forming a joint venture with other parties to build a high-rise residential condominium in the said property.

“I think that area where our property is located, is the next big thing. It complements the Entertainment City that Pagcor (Philippine Amusement and Gaming Corp.) is planning to put up there,” said its vice chairman, Willie Ocier, in a previous interview.

Ocier added that the book value of the lot is estimated at P400 million. If the company opts to sell it, the property could fetch as much P2 billion given its prime location. “If we decide to sell the lot, we can use the proceeds for our other undertakings,” explained the Belle executive.

This year, Belle has allotted P2 billion for capital expenditure to support ongoing developments in its Tagaytay Highlands project. The company shifted its principal activity from mining and oil exploration to property development when it developed the Tagaytay Highlands Golf Club in 1989. The bulk of its developments are located in Tagaytay City and in Batangas.

seen the prudential, aka kpmg bldg?

PSALM: Paco property auction set in February
http://www.manilastandardtoday.com/?page=business2_dec28_2007
By Alena Mae S. Flores

Power Sector Assets and Liabilities Management Corp. is looking at selling the property of the decommissioned Manila thermal power plant by February after postponing its sale on Dec. 19 to give way to the privatization of the 192.5-megawatt Palinpinon geothermal and the 146.5-Panay diesel-fed power plants.

PSALM vice president Froilan Tampinco said the agency had decided to auction the thermal power plant, including its property ahead of the Palinpinon-Panay power package to give the Joint Congressional Power Commission more time to address issues surrounding geothermal sales contract.

“We’ll try to have it [auction of Manila thermal plant] within the first half of February,” Tampinco told reporters.

The Manila power plant property covers about two hectares of prime commercial area along the Pasig River in Ermita and Paco, Manila.

Tampinco said the agency was looking at bidding out the Palinpinon-Panay power plants in the first quarter of next year.

PSALM moved the bidding of Palinpinon from the original date of Dec. 5 to Dec. 19 due to concerns on the geothermal resource sales contract, especially the declining volume of steam that can be utilized by the facility. As a consequence, the auction of Manila Thermal, which was supposed to be on Dec. 19, was moved to next year.

Tampinco said congressional commission did not discuss the geothermal resource sales contract during its meeting in mid-December, thus affecting the schedule of the Palinpinon-Panay diesel plants.

PSALM earlier said four real estate developers were among the 12 prospective bidders of Manila plant.

The Gotianun family’s Filinvest Development Corp. had expressed interest in the facility after PSALM decided to include the underlying land to the sale.

Tampinco said the real estate firms had the option to develop the land into commercial projects such as shopping malls. He reiterated that PSALM wanted to be sure that the winning bidder would be able to dispose of any toxic materials from the decommissioned power facilities.

hey our office used to be besides that plant, that's an industrial area, not really the best for residential , interesting what filinvest is planning to do considering that manila has rezoned industrials out!

Is there a thread for Rockwell Meralco Business Center?

http://www.e-rockwell.com/images/aerial.jpg
http://www.e-rockwell.com/images/aireal%20view.jpg

^^ There's already an existing thread. Click here: Rockwell Meralco BPO Business Center (http://http://www.skyscrapercity.com/showthread.php?t=472164)

^^ Thanks.

Parang tagilid 3rd building niyan, mahina daw takeup ng leases.

http://www.e-rockwell.com/images/aireal%20view.jpg

natawa naman ako sa background! parc royale is just behind :lol: hello daddy :D

nice..

The World Trade Center Twin Towers will be in the Old Sta Ana Race Park and Becomes the Tallest Building in Makati

^^ Any truth to this? If these towers will be the tallest in Makati then it must go beyond Stratford, Gramercy and Discovery Primea.

I scanned this from archikonst. Project name Bluecoast, to rise along Coastal Highway. :cheers:
http://img339.imageshack.us/img339/9688/scan0027wx0.gifhttp://img292.imageshack.us/img292/1310/scan0028iu4.gif

that looks really cool, but behind the wave design, it seems they're just concrete structures similar to mass housing projects in Korea, but with obviously better design at the upper portion.

Is that a real project ? Looks like some kind of study lang.

Haven't heard of it, lots of announced projects or tsismis but until there is hukay it's a paper project.

Could be one of those many projects 'invented' for the Sta Ana Race Park.

Does anyone here know this project in Eton City?

http://i244.photobucket.com/albums/gg3/168haus/1Eton_City_South_Lake_Vilage_002a.jpg

^^ LOL! It's the Eton Hotel in Shanghai China! Biglang napunta ng Sta Rosa? :D It must be "for illustration purposes only".

anyone read manila bulletin yesterday? a friend told me that R-II developers bagged a project costing P1B to develop a project called "Skyline City" on landstrips from shell taguig to petron along c5. Project consists of mid to highrises, malls etc.

^^how many hectares is this project planned for?

What is going to be constructed beside MRT Shaw station? The poster says a '38-storey condominium will rise in this area'. Thanks! :)

^^hmmm interesting. Greenfield?

^^how many hectares is this project planned for?

i really have no idea, a friend told me about it from what he read on yesterday's paper.

^^ LOL! It's the Eton Hotel in Shanghai China! Biglang napunta ng Sta Rosa? :D It must be "for illustration purposes only".

misleading advertisement :bash: anyway, thanks for the clarification

^^ Philippine developers are used to doing it, not just Eton. As for other Sta Rosa developments, the last Greenfield ad I've seen in the paper shows Sta Rosa with the Grand Hamptons and Bellagio clearly and unmistakably identifiable in the background, how that for skyscrapers transplanted elsewhere?

What is going to be constructed beside MRT Shaw station? The poster says a '38-storey condominium will rise in this area'. Thanks! :)

Which side? On the Greenfield (EDSA Central) side or on the opposite?

^^ on the opposite side. :)

^^ Oh. Hmm... It seems like a few projects have escaped our radar. :D

Like this one along Shaw, it's already on the 8th floor. Does anyone know what this project is? It's the u/c to the left of Hyundai Shaw.

http://i20.photobucket.com/albums/b210/ofngol/2008/Photo_011409_015x.jpg

http://i20.photobucket.com/albums/b210/ofngol/2008/Photo_011409_016x.jpg

at first i thought that's shaw residenza, but saw their site and its topped off already.

i've seen some construction also north of North Bonifacio, along the kalayaan road... i wonder what it is...

^^ yes, i saw that on my way to wack-wack golf as well for our bill shaw event.. i was looking for what that project is.. could be commercial?

anyhow, rumor has is that AIM may after all transfer to NUVALI, since they are being offered a bigger campus. and it seems that the antonios will be getting the AIM property at paseo.. what could rise there i wonder? hopefully not a supertall..

What project is this? it's in Pioneer Robinsons...

http://i530.photobucket.com/albums/dd350/RonnieR_2008/pasigferrytripjan242009019.jpg

^^ Gateway Garden Heights

^^ hmm... It's also the first time I've heard of Century being involved with the AIM property. Wait, wait, wait, isn't it that the land where AIM is located donated by the Ayalas? Shouldn't the Ayalas be offered the lot first before any other developer? But the Antonios aside, I believe AIM is also already in talks with the Ayalas on this.

^^ hmm.. i heard it was century. my boss confirmed it.. but you know upper management, anything can change... we could be talking about the same property.. it was said that its the aim one or the bldg at legaspi cor paseo that the antonio's recently acquired..

ALI can sell more lots in the cbd, its a good move for them i think that they give chance to other developers, so they can allocate more funds in building sta rosa/nuvali as a rising premiere and independent cbd of the south... that is a more lucrative move... its cheaper there...

i think it's 2 different potential projects. if my memory serves me right, it was the zaragoza family who commissioned shigeru ban. most likely, this is the building at the corner of trasierra, gamboa and soria

^^ Oh. Hmm... It seems like a few projects have escaped our radar. :D

Like this one along Shaw, it's already on the 8th floor. Does anyone know what this project is? It's the u/c to the left of Hyundai Shaw.

http://i20.photobucket.com/albums/b210/ofngol/2008/Photo_011409_015x.jpg

http://i20.photobucket.com/albums/b210/ofngol/2008/Photo_011409_016x.jpg

eeeew! the place simply dont fit that 'prime bldg'!!! I really hate to see spaghetti wires floating as if "sampayan" to the roads blocking the views of the buildings in manila!!

I hope the gov't could make an underground system for all the wires and cable and water .
They must observe other asian countries like shanghai or singapore they are already implemnting underground system on their utilities

Mind you we are 50 yrs behind to those countries!!

nice design unlike to KL their bldgs there looks very bulky and stout...

Found this in a blog

http://img136.imageshack.us/img136/8773/79760904po0.jpg

* Architect: Javier Design Studio, Manila
* Structural Consultant: GEOrigenes Consultants
* Mechanical Consultant: AFNavarrete and Partners
* Electrical Consultant: ITLegazpi, Engineers
* Sanitary and Fire Control Consultant: CLMadriaga, Engineers
* Property Managers: CBRichard Ellis
* Project Managers: DAAbcede and Associates
* Project Name: The IrizOne Center
* Location: Ortigas, Pasig City
* Site Area: 1,500SM
* Floor Area: 7,000SM
* Storey/Floors: 15 Floors
* Ownership: IrizOne Properties, Incorporated
* Development Type: Commercial

Remarks: This project is being positioned to be the first boutique office in the country, with fully integrated building management system and fiber optic back bone. Main structural materials are reinforced concrete and structural steel on rigid moment framing system. Architectural materials are aluminium composite panels, rear-coated glass, EIFS, aluminium framed high performance glass and poly-urethane paint.

Source (http://uapalabangchapter.wordpress.com/josephjavierarchitects/)

^^that's along the tail-end of meralco avenue, on the way to shaw blvd, adjacent to the old condo valle verde terraces in brgy san antonio. :)

What is going to be constructed beside MRT Shaw station? The poster says a '38-storey condominium will rise in this area'. Thanks! :)

Oh is this the one on the south bound side, by the stairs? aba.. 38 storey pala yun... it's currently undergoing construction.. kala ko short building lang sya..

^^The one you're referring to is different. It doesn't have a name. Baka mid-rise commercial building lang siya. Yung 38-storey building is on that big lot na dating terminal ng jeepneys, mismong tapat ng MRT station.

^^that's along the tail-end of meralco avenue, on the way to shaw blvd, adjacent to the old condo valle verde terraces in brgy san antonio. :)
;31406096']Found this in a blog

http://img136.imageshack.us/img136/8773/79760904po0.jpg

* Architect: Javier Design Studio, Manila
* Structural Consultant: GEOrigenes Consultants
* Mechanical Consultant: AFNavarrete and Partners
* Electrical Consultant: ITLegazpi, Engineers
* Sanitary and Fire Control Consultant: CLMadriaga, Engineers
* Property Managers: CBRichard Ellis
* Project Managers: DAAbcede and Associates
* Project Name: The IrizOne Center
* Location: Ortigas, Pasig City
* Site Area: 1,500SM
* Floor Area: 7,000SM
* Storey/Floors: 15 Floors
* Ownership: IrizOne Properties, Incorporated
* Development Type: Commercial

Remarks: This project is being positioned to be the first boutique office in the country, with fully integrated building management system and fiber optic back bone. Main structural materials are reinforced concrete and structural steel on rigid moment framing system. Architectural materials are aluminium composite panels, rear-coated glass, EIFS, aluminium framed high performance glass and poly-urethane paint.

Source (http://uapalabangchapter.wordpress.com/josephjavierarchitects/)


Yes, I passed this road and it's in the right side...I was also wondering before, what project is this....thanks, it's now clear. It seems no thread for this project.

^^ Gateway Garden Heights

Thanks...very quick...you know a lot! :)

^^that's along the tail-end of meralco avenue, on the way to shaw blvd, adjacent to the old condo valle verde terraces in brgy san antonio. :)

o now i get it. hehe. thanks! yeah, I've seen this project already; almost complete, I reckon.

;31406096']Found this in a blog

http://img136.imageshack.us/img136/8773/79760904po0.jpg

* Architect: Javier Design Studio, Manila
* Structural Consultant: GEOrigenes Consultants
* Mechanical Consultant: AFNavarrete and Partners
* Electrical Consultant: ITLegazpi, Engineers
* Sanitary and Fire Control Consultant: CLMadriaga, Engineers
* Property Managers: CBRichard Ellis
* Project Managers: DAAbcede and Associates
* Project Name: The IrizOne Center
* Location: Ortigas, Pasig City
* Site Area: 1,500SM
* Floor Area: 7,000SM
* Storey/Floors: 15 Floors
* Ownership: IrizOne Properties, Incorporated
* Development Type: Commercial

Remarks: This project is being positioned to be the first boutique office in the country, with fully integrated building management system and fiber optic back bone. Main structural materials are reinforced concrete and structural steel on rigid moment framing system. Architectural materials are aluminium composite panels, rear-coated glass, EIFS, aluminium framed high performance glass and poly-urethane paint.

Source (http://uapalabangchapter.wordpress.com/josephjavierarchitects/)

ito yung sa Meralco Ave just a block away from Shaw, right? tapos na to ah.

ito yung sa Meralco Ave just a block away from Shaw, right? tapos na to ah.

I passed by last Friday, 1/23, in that area, it's not yet finished....I saw some workers

hehe that project is facing the prison, not very good feng shui IMO!

Ayala is supposed to do the Capitolyo project, parang walang nang yari na any word on it?

What is going to be constructed beside MRT Shaw station? The poster says a '38-storey condominium will rise in this area'. Thanks! :)

baka ito yung twin oaks residences ni greenfields hehe