Metro Manila Projects and Constructions [Archive] - Page 26

3cr

January 31st, 2009, 05:34 AM

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.

^^ Here's an article from the inquirer that talks about it...

R-II inks P1-B joint venture with Taguig (http://www.inquirer.net/propertyguide/aroundtown/view.php?db=1&article=20090130-186399)
January 30, 2009 03:56:00
Philippine Daily Inquirer (http://www.inquirer.net/propertyguide/aroundtown/view.php?db=1&article=20090130-186399)

R-Ii Builders Inc. and the Taguig City government have signed a P1-billion joint venture agreement to develop 11 hectares of land.

The lands identified for development are in the Ususan and Bagong Tanyag areas of the city, which is adjacent to the Makati business district and houses the Bonifacio Global City prime development area.

Under the agreement, the joint venture will build two hubs. The first, “Skyline City,” will be a mixed-used 8.8-hectare development in Ususan, with a mall and a strip of medium- and high-rise residential towers to be put up.

The second will consist of medium-rise residential buildings in Bagong Tanyag for Taguig residents, such as qualified city employees, policemen, schoolteachers, and informal setters. This component will get a P100-million initial cash outlay from R-II Builders.

Taguig City Mayor Freddie Tinga, City Administrator Wilfredo Villar, R-II group chairman Reghis Romero II and R-II Builders director Michael Romero signed the agreement.

lancetrn

February 3rd, 2009, 06:31 AM

Taguig to build own version of Eastwood City off C-5
By Ferdinand Fabella

A NEW commercial district will soon rise along C-5 Road in Taguig City as part of its P1-billion urban development program.

Called Skyline City, the planned entertainment and commercial area will be put up along a 1.5-kilometer portion of C-5 Road in Ususan village, complete with a shopping mall and medium- to high-rise buildings, according to Taguig Mayor Freddie Tinga.

Tinga last week signed a P1-billion joint-venture agreement with R-II Builders Inc. through its chairman, Reghis Romero II, for the mixed-use development of 11-hectares in the villages of Ususan and Bagong Tanyag.

“This will realize our ‘One Taguig’ vision” Tinga said, adding the project would benefit “all sectors” of his city.

Initially, Skyline City will cover an 8.8-hectare area along the Ususan village portion of C-5 Road, between the Petron and Shell gas stations, and will be patterned after Eastwood City in Libis, Quezon City.

Tinga said that aside from a mall, medium- to high-rise buildings would also be built to house various businesses including call centers.

The other component of the P1-billion development project will involve the construction of medium-rise residential buildings in Bagong Tanyag village for qualified city employees, policemen, teachers and squatters.

The qualified beneficiaries would also be given livelihood opportunities through a P100-million cash outlay by R-II Builders, Tinga said.

Tinga signed the agreement with R-II Builders chairman Reghis Romero II and director Mikee Romero, and City Administrator Wilfredo Villar.

Villar said construction of the Skyline City and Bagong Tanyag housing projects would start this year, and would be completed in two to three years.

Under the 25-year joint venture agreement, R-II Builders will finance the development projects including the relocation of the qualified beneficiaries for the housing projects.

“The city government will not spend a single centavo in this venture. R-II will finance all the development,” Villar said, adding the city government would make money from the taxes and rentals of business establishments in Skyline City.

He said about 30,000 local employees and qualified squatters would benefit from the housing project.
http://www.manilastandardtoday.com/?page=news4_feb3_2009

c0kelitr0

February 3rd, 2009, 06:32 AM

http://i530.photobucket.com/albums/dd350/RonnieR_2008/Jan282009pasigconstruction002.jpg

that's one hell of a door! very nice!

prison?? where?
hmmm, i'm not sure but maybe may local jail inside the Rizal Capitol compound.

bustero

February 3rd, 2009, 10:19 AM

I think the Meralco building is nice, lots of architectural detailing. Di tipid.

With regards a RII and a new eastwood, well remains to be seen. RII is a big company but it's not as big as megaworld, so let's see, maybe it will be similar but smaller in scale.

RonnieR

February 3rd, 2009, 04:01 PM

MOD: Do we have a thread for this Serendra Tower in Taguig? East Tower and a high rise....

taken last Feb. 2

http://i530.photobucket.com/albums/dd350/RonnieR_2008/Feb2pictures001.jpg
http://i530.photobucket.com/albums/dd350/RonnieR_2008/Feb2pictures002.jpg

venntro

February 4th, 2009, 01:55 AM

^^ So many projects in Fort Boni! :banana:

IslandSon.PH

February 11th, 2009, 03:50 PM

Guys, I happen to pass by salcedo tower this afternoon, pansin ko eh yung katabing building na may planters bank sa ibaba eh under renovation. I saw scaffoldings from ground up at mukhang dadagdagan pa ng floors. Any info on this?

venntro

February 12th, 2009, 03:20 AM

venntro

February 12th, 2009, 04:27 AM

Arroyo foreign trip cost taxpayers P123M
By Joel Guinto
INQUIRER.net
First Posted 18:10:00 02/11/2009

But Ermita said the bill was “worth it” since the President secured “pledges” for multi-million dollar investments, including $200 million for agriculture from Saudi Arabia, $300 million for agriculture and between $350-$400 million for a Makati City hotel from Bahrain, and $1.2 billion for textile exports to the US.

^^ Anyone who has added info on this? Looks exciting.

newgabskii

February 13th, 2009, 10:45 AM

^^this is totally a good news...

venntro

February 25th, 2009, 02:02 AM

http://www.bworld.com.ph/BW022509/content.php?id=024

Yuchengco bank in Fort Bonifacio joint venture

BusinessWorld
Feb 25, 2009

RIZAL COMMERCIAL Banking Corp. (RCBC) is set to enter into a joint venture with sister firms in the Yuchengco Group of Companies to develop a foreclosed property in Taguig.

In a disclosure, the bank said the property project would be carried out with RCBC Savings Bank, Malayan Insurance Co. Inc., Bankard, Inc., and the Great Pacific Life Assurance Corp.

The joint venture will develop RCBC Savings Bank’s idle property at the Bonifacio Global City.

The central bank allows banks to create joint ventures to earn profits out of foreclosed properties and other assets acquired in following a merger.
But under the scheme, banks are not allowed to infuse funds into development projects.

The ruling complemented Republic Act No. 9182 or the Special Purpose Vehicle Law of 2002 which helped banks trim their bad loans following the 1997 Asian financial crisis. Despite the law’s expiry, the central bank still allows such ventures.

RCBC’s joint venture with the other Yuchengco-led firms is still subject to the approval of the Monetary Board.

^^ Hope they build a supertall iconic tower.

bustero

February 25th, 2009, 03:34 AM

Jude12

February 25th, 2009, 05:08 AM

How about Illumina residences @ sta. mesa manila?

johnmizer

February 25th, 2009, 06:18 AM

kasing, o mas magnda sa rcbc plaza,

venntro

February 25th, 2009, 08:15 AM

kasing, o mas magnda sa rcbc plaza,

^^ Agree. Should also be at least the same height, nothing less. :)

dunamis

February 25th, 2009, 01:44 PM

I wonder where the location is. I'm excited for this project! Remember they built the iconic RCBC towers in Ayala. They need to repeat it at the Fort!!!!

bustero

February 26th, 2009, 01:16 AM

I don't think YGC will be building any tall big buildings. They almost went bankrupt building RCBC center and it will not be repeated. Look for a good building but nothing supertall.

venntro

February 26th, 2009, 02:10 AM

GMA declares former San Lazaro racetrack a tourism economic zone (http://http://www.philstar.com/Article.aspx?articleId=443531&publicationSubCategoryId=66)
Updated February 26, 2009 12:00 AM

MANILA, Philippines - President Arroyo has declared the former site of the San Lazaro race track in Sta. Cruz, Manila owned by the Manila Jockey Club Inc. (MJCI) as a tourism economic zone.

Pursuant to the proclamation, MJCI and the Philippine Economic Zone Authority (PEZA signed yesterday the registration agreement entitling the listed horse race track operator to develop and operate several parcels of land consisting of 74,244 square meters as a tourism economic zone with information technology component.

The special economic zone, to be known as the San Lazaro Tourism and Business Park, will be developed in joint venture with property giant Ayala Land Inc.

ALI is currently building residential and commercial complexes, including one 14-story BPO building, in the area.

MJCI Investments Inc., a unit of MJCI, is allotting P383 million to put up and operate a Pagcor-accredited casino/hotel project in a 1.6-hectare lot.

Last year, MJCI secured the Philippine Amusement and Gaming Corp.’s nod to run a casino, which would have an initial 200 slot machines and 10 gaming tables.

Once the casino building is completed, MJCI will start planning for the construction of a hotel adjacent to the establishment.

Incorporated in March 1937, MJCI is currently engaged in the construction, operation and maintenance of a racetrack located in Cavite and holding of horse races therein with bettings both directly or indirectly by means of mechanical, electric and computerized totalizator.

The company is also engaged in the development and sale of residential complex through joint venture arrangements with developers.

In 2005, the company entered into a joint development agreement with the Ayala Group’s Avida Land Corp. and Community Innovations Inc. to develop lots within its Manila property into residential condominium buildings and townhouses. — Zinnia dela Peña

the_kid

February 26th, 2009, 03:34 AM

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

wow. mukhang hanjin ah! :P

johnmizer

February 26th, 2009, 08:46 AM

that must be the reason they dont light up rcbc plaza, except xmas...

jcdak

February 26th, 2009, 09:32 PM

Ginigiba na ang Lai Lai restaurant and the adjoining areas. It's on Ongpin street corner Alonzo Street. Does anyone know who owns this project and their plans?

venntro

February 27th, 2009, 04:53 AM

Reposting here...

Ginigiba na ang Lai Lai restaurant and the adjoining areas. It's on Ongpin street corner Alonzo Street. Does anyone know who owns this project and their plans?

Bosnyboy

February 27th, 2009, 07:06 AM

Reposting here...

Hindi kaya dito itatayo yung bagong project ng developer ng mandarin tower sa ongpin din?

thomasian

February 27th, 2009, 07:54 AM

^^ You must be referring to Anchor Skysuites. Sana nga dun itatayo yun.

As for Mandarin Tower, it had already surpassed its sister project's height, Lee Tower, as seen here in the Sta Mesa area.

Bosnyboy

February 28th, 2009, 08:23 AM

But Lai Lai Hotel and Restaurant was along Ongpin cor Gandara Street and not Alonzo?

Lai Lai restaurant is located along ongpin st beside the old art deco king's theater. LaiLai hotel is located along soler. The restaurant and the kings theater is now patched up with gi sheets, probably for demolition soon.
Its a sad thing coz the king's theater was built in the art deco era maybe in the 50's. It shud have been preserved and maybe remodelled into shopping center or museum or a theater again just like mann's chinese theater in LA.

jcdak

February 28th, 2009, 04:37 PM

I took a look at the area again. Lai Lai Restaurant is not the one getting demolished, it's the building next to them. There's a big "For Lease" sign on the currently closed Lai Lai Restaurant.

The building next to them being demolished used to have a barbershop, herbal shop, and some little shops inside. The space doesn't look like it's big enough to build a high-rise on.

Ph Man

March 1st, 2009, 07:22 PM

the structure on the left is the u/c in makati put on hold since few years back...and now it's being revived.

http://farm4.static.flickr.com/3560/3319798840_1fdeb51813_b.jpg

to the right is A-venue Residences.

venntro

March 2nd, 2009, 04:27 AM

^^ Do we have a name for that building? At least it's being revived. :banana:

sloanesquare

March 2nd, 2009, 10:53 AM

that must be the reason they dont light up rcbc plaza, except xmas...

kuriput

RonnieR

March 2nd, 2009, 05:15 PM

^^ that's good news...it's being revived.

--SuperB0y--

March 2nd, 2009, 10:10 PM

can we safely say that Global City is already more than 50% filled?

venntro

March 3rd, 2009, 02:41 AM

SM to build shopping complex near The Fort (http://http://www.abs-cbnnews.com/business/03/03/09/sm-build-shopping-complex-near-fort)
By Honey Madrilejos-Reyes, Business Mirror | 03/03/2009 8:07 AM

Known to have a solid reputation of going against any economic downturn, the SM Group controlled by retail magnate Henry Sy is planning to build a P2-billion shopping center in Taguig City by the end of the year. :banana:

A BusinessMirror source said the project—to be undertaken by the group’s mall development arm SM Prime Holdings Inc.—would be a part of a commercial complex envisioned to rise on a sprawling property owned by the Taguig government.

The shopping center alone is expected occupy around 1.8 hectares. A hotel project, to be handled by another entity, is also planned within the complex.

“SM is leasing the property from the Taguig government for 25 years,” the source said.

The design of the shopping center is still being finalized but the source said it would more or less cater to the upper market because of its proximity to Ayala’s residential and commercial developments Serendra and Bonifacio High Street. Meanwhile, Ayala’s mall development Market! Market! mostly attracts low- to middle-income customers.

“We expect to complete the shopping center by 2011,” added the source privy to the negotiations.

The SM group’s expansion in Taguig, the source added, indicates its bullish outlook on the country’s fundamentals despite the challenges brought by the global financial crisis.

The Taguig property was part of the donation given by the Bases Conversion and Development Authority to the local government as its share in the Bonifacio Global City project.

Earlier, SM Prime reported a consolidated net income of P6.4 billion in 2008 from P6.0 billion the year before. Revenues, on the other hand, grew 12 percent to P17.8 billion. These results included the operations of the three SM malls in China. The SM China in the mainland are located in the cities of Xiamen and Jinjiang in Southern China, and Chengdu in Central China.

“Notwithstanding the global financial situation, SM Prime achieved its goals and sustained its expansion in 2008,” said president Hans Sy.

Rental fees continued to account for the largest share of SM Prime’s consolidated revenues last year, amounting to P15.4 billion. Bulk of the increase came from additional space in new malls and mall expansions during the year. The new malls were SM City Marikina, SM City Rosales, and SM City Baliwag. Mall expansions were seen in The Annex at SM City North Edsa and The Atrium at SM Megamall.

Put together, the new malls and expansions in 2008 added 9 percent, equivalent to 353,000 square meters (sqm) in gross floor area (GFA) for a total of 4.3 million sqm. The average occupancy rate of the new malls now stands at 9 percent.

This year, the company plans to open SM City Naga in Camarines Sur, SM City Rosario in Cavite, SM City Pamplona in Las Piñas and the Sky Garden at SM City North Edsa. The company is also set to expand SM City Rosales in Pangasinan.

By the end of the year, SM Prime will have 36 malls nationwide and three in China, with an estimated GFA of 4.9 million sqm.

sloanesquare

March 3rd, 2009, 09:46 AM

you labelled the waltz but thats now just the widened 5th Avenue road portion..i think waltz is defunct

thomasian

March 3rd, 2009, 01:07 PM

So this would be on the site of the planned Taguig Civic Center?

hecky12

March 3rd, 2009, 03:58 PM

anakngpasig

March 3rd, 2009, 04:11 PM

may mga tanong lang ako.

- anong construction yung tinatayo na katabi ng q.ave station going circle? saka dun sa kabilang side going quiapo?

- anong bldg naman yung katabi ng isetann cubao?

- at bldg beside GMA Network studios yung mataas..

1. katabi ng q.ave station -- Eton Centris
http://www.skyscrapercity.com/showthread.php?t=493202

2. Kabilang side going to quiapo -- GA Skysuites
http://www.skyscrapercity.com/showthread.php?t=449331

3. Katabi ng Isetann -- Parkway Towers (?)
http://www.skyscrapercity.com/showthread.php?t=285035

4. Bldg Beside GMA -- Victoria Station Tower
http://www.skyscrapercity.com/showthread.php?t=495941

:cheers:

--SuperB0y--

March 3rd, 2009, 09:56 PM

i think so... just besides market market. hope SM builds something nice for the area and not their usual boxy buildings. but i think SM has learned its lessons with the trinoma-sm north war.

venntro

March 4th, 2009, 03:07 AM

So this would be on the site of the planned Taguig Civic Center?

^^ Most likely that would be the location.

venntro

March 4th, 2009, 03:10 AM

3cr

March 4th, 2009, 06:06 AM

I wonder how true is this?

Fort Bonifacio fast replacing Ortigas Center as alternative CBD
BY KRISTINE JANE R. LIU
BUSINESS WORLD
http://www.bworldonline.com/BW021209/content.php?id=101

LAND PRICES in Fort Bonifacio in Taguig City are expected to continue rising as the 26-square kilometer former military base dethrones Ortigas Center in Pasig as an alternative central business district (CBD) three to five years from now, property experts said.

"Three to five years from now, Fort Bonifacio can easily dethrone Ortigas Center as the alternative business district and by that time, it will be challenging Ayala as the next major central business district," said Victor Asuncion, CB Richard Ellis Philippines director for global research and consulting.

CB Richard Ellis said it expects lease and occupancy rates in Fort Bonifacio to post the highest growth. "Lease rates in the district have been on a steady rise, with most office buildings reporting full occupancy," it said.

Its proximity to the Makati central business district and ongoing improvements in the disctrict also make it an ideal location for business process outsourcing (BPO) companies and traditional office space tenants, it added.

Mr. Asuncion based his assessment on buildings that are set to rise in the area, among these a six-star hotel that the Shangri-La Hotels and Resorts group expects to complete next year.

The 60-storey tower Shangri-La at the Fort will house 500 guest rooms and 234 apartments and is scheduled to open in 2012. Meanwhile, the Philippine Stock Exchange (PSE) will set up a unified trading floor in Fort Bonifacio and vacate its offices at the Ayala Tower One in Makati and the PSE Tektite in Ortigas Center.

Also rising there is a 14-storey St. Luke’s Medical Center that will house 600 beds, and an 11-storey medical arts building with 366 doctors’ offices. The hospital is expected to start operations this year.

Fort Bonifacio will also become a site of the country’s tallest building, the 66-storey skyscraper Federal Land Tower. Construction of the P20-billion project started late last year and once finished, will strip Makati’s 55-storey PBCom Tower of its title.

A number of high-end residential condominiums have been built by the country’s biggest property developers in Fort Bonifacio, among these Essensa, Serendra, Pacific Plaza and Regent Parkway, Forbeswood Heights, Kensington and office buildings like Net Square, Bonifacio Technology Center, HSBC Building, Hanjin Philippines’ building, and the Singapore Chancery.

A month from now, the Bases Conversion and Development Authority will award the contract for the 93-hectare master plan for Bonifacio South, said to be the next major development in the area.

Leanie Sales of Colliers International said the success of the master planning in Fort Bonifacio would depend on the type of projects.

"The master planner and the consultant should create synergy in the area. They have to take into account what is already there and what could be a demand generator," she pointed out.

The property analyst noted that if the developer plans to proceed with building residential condominiums again, they have to make sure that these are different from existing ones.

Ms. Sales said she sees Fort Bonifacio has a potential not only to become a residence for the rich, but also for workers from the BPO industry looking to own their first house.

During the American colonial period, the US government acquired a 25.78-square kilometer property of Taguig for military purposes.

After Philippine independence, the facility, known then as Fort William McKinley, became the home of the Philippine Army and later, the Philippine Navy and became Fort Bonifacio.

When Fort Bonifacio was privatized and placed under the administration of the Bases Conversion and Development Authority, the whole area was restored to Taguig.

3cr

March 4th, 2009, 06:45 AM

^^ Yup I agree that's the most likely the location... Just wondering what type of mall can be built with P2B? There was talk before that SM was putting up a Hyper-Mart across MarketMarket where the future Taguig convention center will be. I think P2B for a Hyper-Mart is kinda overkill. I'm just curious if this Hyper-Mart is still a go or if they have changed their idea and plan to put a full fledge small high-end mall ala "Podium". If it's a mall they are building sana in the City Center North area na lang as mentioned in the article below. :banana: :banana: :banana:

FBDC fasttracks P6-billion new projects in Global City (http://www.philstar.com/Article.aspx?articleId=443242&publicationSubCategoryId=66)
By Zinnia B. Dela Peña Updated February 25, 2009 12:00 AM
Philstar.com (http://www.philstar.com/Article.aspx?articleId=443242&publicationSubCategoryId=66)

MANILA, Philippines - Fort Bonifacio Development Corp.(FBDC), the main developer of the Bonifacio Global City – Manila’s fastest growing business and recreation center – is accelerating a wave of new developments within the area, estimated to cost at least P6 billion.

Noel Kintanar, head of commercial operations at FBDC, said new developments will rise in BGC with a total of 136 vertical developments completed, ongoing and planned as of end-December last year. Of the total, 72 projects had been completed, 41 are ongoing and 23 are still under study.

According to Kintanar, BGC has increasingly become the battleground for real estate developers, multinationals and business process outsourcing (BPO) companies given its strategic location.

Kintanar said land values in the area have consistently trended up over time, rising 26 percent last year compared with the 2007 level.

Despite the tough business climate, Kintanar said BGC continues to attract a lot of potential buyers or tenants. “We continue to receive a lot of inquiries. The appetite for leasing continues to grow,” he said.

“While residential projects dominate the mix of developments, the office buildings sector has been growing significantly with BPO firms moving to BGC,” Kintanar pointed out.

From the current 100,000 square meters, the total office GFA (gross floor area) is forecast to increase to 500,000 square meters over the next five years, he said.

Kintanar said FBDC is allocating P4 billion to P5 billion for the horizontal development of the City Center North, which is being primed as a center for “play.”

In addition, FBDC is building a P1-billion Mind Museum, the first state-of-the art interactive science museum in the country, in partnership with National Geographic. The museum, a project initiated by property owners in BGC, is scheduled to break ground in late 2009 and open its doors to the public by the first quarter of 2011.

With over 175 interactive exhibits and displays, the Mind Museum is envisioned to be a learning facility that can accommodate more than 300,000 visitors annually. It will rise in the J.Y. Campos park, a prime 12,000-square meter lot.

Kintanar said FBDC is also putting up the Bonifacio E-Services Building, a 29-storey Grade A building project catering to the needs of BPO firms. It is slated for completion in April 2010.

venntro

March 4th, 2009, 10:06 AM

RonnieR

March 4th, 2009, 11:29 AM

anakngpasig

March 4th, 2009, 01:53 PM

:lol:

just trying to
be helpful
:D

Ar. Nhone

March 5th, 2009, 06:45 AM

We are on the design schemes of RCBC, much lower than RCBC Yuchenco Tower but of equal extravagance..:)

IslandSon.PH

March 5th, 2009, 07:03 AM

^^spill more beans please..:cheers:

venntro

March 6th, 2009, 03:06 AM

We are on the design schemes of RCBC, much lower than RCBC Yuchenco Tower but of equal extravagance..:)

^^ How much lower? Hope you can give us renderings. Thanks.

Ar. Nhone

March 6th, 2009, 06:39 AM

8 parking floors and 15 office floors. It has the same iconic circular form that RCBC tower have. We are still on the traffic analysis stage, elevator consultants are helping us out..:)

venntro

March 6th, 2009, 07:00 AM

8 parking floors and 15 office floors. It has the same iconic circular form that RCBC tower have. We are still on the traffic analysis stage, elevator consultants are helping us out..:)

^^ Thanks. It's kinda short but I guess it'll do as long as the design is still above average.

sloanesquare

March 6th, 2009, 10:10 AM

We are on the design schemes of RCBC, much lower than RCBC Yuchenco Tower but of equal extravagance..:)
whats the address in Fort

Ar. Nhone

March 6th, 2009, 10:29 AM

actually I''ve never visited the site yet so I dont know exactly where is the exact location. I'm only involved in the design and planning stage.

IslandSon.PH

March 6th, 2009, 10:33 AM

^^ is there a foreign firm you guys tied up with the building design? looking forward for the render:banana:

RonnieR

March 6th, 2009, 04:30 PM

RonnieR

March 6th, 2009, 04:32 PM

MOD: Do we a thread for this project? There is a building under construction beside the Serendra Sales Pavilion.

Taken 3/5/09

http://i530.photobucket.com/albums/dd350/RonnieR_2008/March52009002.jpg

http://i530.photobucket.com/albums/dd350/RonnieR_2008/March52009004.jpg

anakngpasig

March 7th, 2009, 05:09 AM

^^if that's along
26th St, part pa rin
yata yan ng Serendra,
yung mga mas
matataas nilang
buildings (Aston,
Red Oak, etc.)

anakngpasig

March 7th, 2009, 05:12 AM

We are on the design schemes of RCBC, much lower than RCBC Yuchenco Tower but of equal extravagance..:)

good to hear
that! please make
all of our jaws
drop when you're
done with the
design! :D

Ph Man

March 8th, 2009, 10:28 AM

@ Ronnie, that's part of Serendra...:)

What's the name of this tower?

you mean the tower in the left? i forgot to check out the name. i only tried to verify if construction works were indeed resumed. i've seen masonry job posting on the fence, so that says it all. :) i'll go and check the name next time.

Tower on the right is part of Avenue Spa Residences.

anyway, back to the mystery tower at Fort Boni, here are aerials to help us figure out the exact loc:

http://farm4.static.flickr.com/3404/3336586739_803b516c8c.jpg

http://farm4.static.flickr.com/3376/3337540172_fa767e983c.jpg

thanks to kuya boe for providing the access to make this photoshoot possible. :cheers:

Ph Man

March 8th, 2009, 01:27 PM

i grabbed my cycling gear and went on to check the unknown "revived" project near Antel Residences. i dunno if this is going to be a good news or bad. there's a small signage on each of 2 sides of the perimeter fence. it details the project name (Koncord Residences), developer (Sentosa), architect (forgot the name), etc. however, the permit number quoted is demolition permit not construction permit.

i looked around and found a group of young workers hanging around. i asked the guys if the structure will have to be demolished or what. one of them said construction will be resumed.

now i dunno knows better...:dunno:

3cr

March 8th, 2009, 05:06 PM

^^ You're very much welcome Francis. Pleasure was mine! Hope you enjoyed the time we had taking pics up at the rooftop. Really looking forward to seeing those pano pics! :cheers: :cheers: :cheers:

venntro

March 9th, 2009, 02:56 AM

hecky12

March 10th, 2009, 04:54 AM

1. katabi ng q.ave station -- Eton Centris
http://www.skyscrapercity.com/showthread.php?t=493202

2. Kabilang side going to quiapo -- GA Skysuites
http://www.skyscrapercity.com/showthread.php?t=449331

3. Katabi ng Isetann -- Parkway Towers (?)
http://www.skyscrapercity.com/showthread.php?t=285035

4. Bldg Beside GMA -- Victoria Station Tower
http://www.skyscrapercity.com/showthread.php?t=495941

:cheers:

uy, thanks much for giving me the link threads.. nawala kasi ako tagal ko hinanap ito buti na lang at nakita ko ang questions ko..

about sa eton centris area.. parang may nabasa ako na may gagawing project ang SM malapit sa q.ave station not sure kung malapit or just beside it.

RonnieR

March 10th, 2009, 11:43 AM

@ Ronnie, that's part of Serendra...:)

you mean the tower in the left? i forgot to check out the name. i only tried to verify if construction works were indeed resumed. i've seen masonry job posting on the fence, so that says it all. :) i'll go and check the name next time.

Tower on the right is part of Avenue Spa Residences.

anyway, back to the mystery tower at Fort Boni, here are aerials to help us figure out the exact loc:

http://farm4.static.flickr.com/3404/3336586739_803b516c8c.jpg

http://farm4.static.flickr.com/3376/3337540172_fa767e983c.jpg

thanks to kuya boe for providing the access to make this photoshoot possible. :cheers:

Thanks PH Man....it's good that there's a new thread created by TC.

hecky12

March 11th, 2009, 04:38 AM

Ph Man

March 11th, 2009, 03:04 PM

^^ Hopefully, the project will be resumed. Developers will most likely not waste money just to demolish a structure so most likely the workers are there to resume the project. Fingers crossed.

same here...but demolition can also be possible if ND testing reveals the structural integrity is not acceptable by standards anymore.

anakngpasig

March 11th, 2009, 03:33 PM

venntro

March 12th, 2009, 01:27 AM

dude, the skycity
project is long dead and
it would only take someone
like jesus to bring lazarus
from its deep grave ;)

^^ True. That project had so much promise. :ohno:

anakngpasig

March 12th, 2009, 01:52 AM

uy, thanks much for giving me the link threads.. nawala kasi ako tagal ko hinanap ito buti na lang at nakita ko ang questions ko..

about sa eton centris area.. parang may nabasa ako na may gagawing project ang SM malapit sa q.ave station not sure kung malapit or just beside it.

SM will have
a hypermart
in Centris itself

;)

bringmetheskylines

March 12th, 2009, 04:10 PM

Ortigas & Co. Ltd. Partnership (OCLP), one of the country's oldest property developers, has announced on Thursday a P60-billion development program spread over three projects for the next 10 to 15 years.

In an interview, OCLP Chief Operating Officer Rex Drilon II said the program will include two new residential and mixed-use projects, as well as the renovation and expansion of the Greenhills Shopping Center in San Juan.

At present, the 77-year-old property firm is developing the P20-billion Circulo Verde project built on a 12-hectare property used to be owned by affiliate Concrete Aggregates Corp. along Calle Industria in Bagumbayan, Quezon City.

Circulo Verde will feature 12 residential towers with some 5,000 units. There will also be a town center with retail space and modern conveniences to serve the needs of residents and the community.

The first phase of the development covers five residential buildings on a 2.7-hectare area. Currently being developed are the 23-storey Ibiza Tower and the 11-storey Majorca Residences, which are expected to be completed in 15 years. Unit prices range from P3.5 million to P6 million.

According to Drilon, accessibility is Circulo Verde's main advantage, with it being proximate to Metro Manila's major thoroughfares such as EDSA, Ortigas Avenue, E. Rodriguez Avenue (C-5), Katipunan Avenue, and Marcos Highway.

"The average industry take-up last year was about 500 to 600 condo units a month. That shows how much is moving. And if the shortfall is 1.2 million units in the mid-market, there should be a lot of opportunities," Drilon said.

Another one of the company's major projects is the One Galleon Place to be located at OCLP's 1.3-hectare vacant lot along ADB Avenue in Ortigas. With 75 floors, the building is expected to be one of the tallest in the country. Drilon said P20 billion in investments has been allotted for the said project, which will be funded by a combination of pre-selling proceeds, internally-generated cash, and some borrowings.

OCLP is also in the process of completing the master plan for the redevelopment of the Greenhills Shopping Center, which will expand the mall's commercial spaces to as much as 400,000 to 500,000 square meters from the present 100,000 square meters.

Set to be done in five phases, the P20-billion Greenhills redevelopment project will also include the construction of three residential towers, one service hotel, a bigger Music Museum and additional parking facilities. With a report from Michelle Orosa, ABS-CBN News

3cr

March 12th, 2009, 05:44 PM

OT: diko lam kung san ko ilalagay e.. share ko lang naman ito.. concerned ako dun sa skycity na itatayo sana sa manda. anyways, tuloy ba ang mga planned constructions?

http://en.wikipedia.org/wiki/List_of_tallest_buildings_in_Metro_Manila

dude, the skycity
project is long dead and
it would only take someone
like jesus to bring lazarus
from its deep grave ;)

^^ Guess What? Jesus has arrived and brought lazarus back to life! Heard it here first - News Flash: The long delayed SkyCity project is being resurrected! An insider was introduced to us just tonight and he confirmed that they are indeed bringing the SkyCity project back to life. All I was able to get out of him was that this will be the tallest building in the Philippines when done and being so will have to be designed and built by foreigners. Very ambitious project especially during this times of global economic crisis. Anyway details are currently scarce and very guarded and this insider, who will remain nameless, was pretty much tight lipped all night about the pertinent details of the project. Let's see if this insider info has some legs to it. Guess we'll find out soon enough kung totoo ang tsismis. Sundan ang susunod na kabanata. Abangan! :banana: :banana: :banana:

johnmizer

March 13th, 2009, 04:24 AM

flashback:
na conceptualized ang skycity
nakapag hukay sila ng sobranag lalim, mas malalim pa sa gramercy
nag rally yung mga taga subdivision kasi ayaw nila may anino ang mga bahay nila, tsaka baka maapektuhan daw tubig nila
na tro ang skycity
na ka tiwangwang lang yung hukay
after a long time, na lift yung tro sa pag gawa ng skycity
hanggang ngayun, naka tiwangwang pa rin

pero to make us feel better, did you ever wonder why hinde inaalis yung crane dun sa hole nila...

RonnieR

March 13th, 2009, 05:57 AM

^^ Guess What? Jesus has arrived and brought lazarus back to life! Heard it here first - News Flash: The long delayed SkyCity project is being resurrected! An insider was introduced to us just tonight and he confirmed that they are indeed bringing the SkyCity project back to life. All I was able to get out of him was that this will be the tallest building in the Philippines when done and being so will have to be designed and built by foreigners. Very ambitious project especially during this times of global economic crisis. Anyway details are currently scarce and very guarded and this insider, who will remain nameless, was pretty much tight lipped all night about the pertinent details of the project. Let's see if this insider info has some legs to it. Guess we'll find out soon enough kung totoo ang tsismis. Sundan ang susunod na kabanata. Abangan! :banana: :banana: :banana:

:banana: the best flash news!

Ph Man

March 14th, 2009, 02:46 PM

:lol: we'll have someone to point fingers to just in case that newsflash proves to be a prank. hehe...j/k kuya boe.

by the way, there's no hoisted crane in this deep hole. you must be referring to a different project @ johnmizer. ;)

c0kelitr0

March 15th, 2009, 04:56 AM

sana nga bubuhayin na nga yang SkyCity project na yan! di na uso nimbys ngayon! hehehe.

3cr

March 15th, 2009, 04:57 AM

^^ If this happens to be merely tsismis and a prank, don't shoot the messanger ha hehehe...then we were introduced to a crook or a senile pala! Anyway I have not really seen the hole myself but according to him foundation work is actually already done and they are working now on the final building design details as well as all the pertinent permits/paperwork needed to start construction, atleast that's what the gentleman said to us. Funding is also secured na daw. Di ko nga matanong kanino/saan kukunin ang funding for such an ambitious project during this time of economic crisis. He didn't state any timetable and I being a skeptic have a hard time believing what I'm hearing atleast until I see it actually start getting built pero mukha naman siyang kapanipaniwala at kagalanggalang kanya I posted this insider info here. Maybe I should have put it in the rumor section instead. Anyway abangan nalang ang susunod na kabanata ng SkyCity project. Sana nga matuloy na ito after such a long wait/delay. :) :) :)

anakngpasig

March 15th, 2009, 12:56 PM

^^
ive seen the hole
kanina lang while
walking on that
new
ortigas-edsa pedestrian
ramp. grabe, ang lalim!
it's like an abyss :eek:

johnmizer

March 16th, 2009, 03:08 AM

HINDE sya crane as in ready to work crane, yung base na crane kung naassan naka upo yung driver,

freetheform

March 17th, 2009, 06:58 AM

this is my first post!!! hello everyone!!!
mabuhay!!!

venntro

March 17th, 2009, 08:22 AM

^^ Welcome to SSC. :)

lancetrn

March 17th, 2009, 08:43 AM

Ortigas to build 75-story building, country’s tallest
By Jenniffer B. Austria

THE Ortigas group is building what would be the country’s tallest structure, the 75-story One Galleon Place in front of the Asian Development Bank in Ortigas Center, Mandaluyong City.

The 300-meter-tall building, which will house offices and a five-star hotel, will overshadow the 52-story PBCom Tower in Makati, a 55-story condominium being built by Anchor Land Holdings Inc. in Binondo, Manila, and the 66-story Federal Land Tower rising up in Taguig City.

The P20-billion project is being launched to commemorate Ortigas & Co.’s 75th anniversary, according to chief operating officer Rex Drillon.

The company is also spending another P20 billion on its first residential development project within a 12-hectare property in Bagumbayan, Quezon City.

Called Circulo Verde, the project involves the construction of 12 residential condominiums targeting middle and upper- income markets. The project is expected to be completed over 15 years.

This year, the company will be launching two residential towers: the 11-story Majorca and the 23-story Ibiza, with one-, two- and three-bedroom units priced at P80,000 a square meter, which is lower than the P85,000 that Megaworld Corp. offers in its projects in Libis, Quezon City.

The company aims to sell at least 200 units this year.

Drilon also disclosed plans to redevelop the 16-hectare Green-hills Shopping Complex into increase the space allotted to its flea markets, to about 400,000 square meters from 100,000 square meters now.

The company is building two floors of underground parking, a residential tower, a serviced hotel and shopping mall.

Ortigas has tapped RTKL to do a master plan for the area.

The entire project is expected to cost P20 billion.
http://www.manilastandardtoday.com/?page=news2_mar17_2009

venntro

March 17th, 2009, 08:46 AM

^^ At 300m, it may not be the country's tallest. As it is, Gramercy is already under construction and it is a little over 300m.

phichanad

March 17th, 2009, 09:47 AM

if you notice how news articles are written, they based the height of a building with the number of floors / storeys rather than its actual height. They compare the One Galleon Place with the existing PBCom Tower and with the planned 55-storey building project of Anchor Land in Binondo using number of floors.

Lack of information regarding buildings on the news reporter's behalf may result to non-accuracy of their articles as well.

rjekonomista

March 17th, 2009, 11:10 AM

^^IMHO, Galleon is just planned, no definite timetable yet. Until we hear solid confirmation from OCLP, I won't keep my hopes up... :cheers:

bustero

March 17th, 2009, 12:21 PM

I agree, lotsa plans all good, let's see what their actual timetable is!

RonnieR

March 18th, 2009, 06:22 AM

this is my first post!!! hello everyone!!!
mabuhay!!!

enjoy SSC

leechtat

March 18th, 2009, 07:33 PM

so many good news on ssc....

hmm.. i wonder where in the bgc would the rcbc bldg be built,....

filcan

March 19th, 2009, 01:16 AM

tyronne

March 19th, 2009, 01:31 AM

^^:D
http://www.skyscrapercity.com/showthread.php?t=698996&page=3

johnmizer

March 19th, 2009, 02:21 AM

may link na ba ang PRINCETON by smdc somewhere sa gilmore?

lightsaber46

March 19th, 2009, 03:44 AM

bustero

March 19th, 2009, 03:51 AM

two new projects, one interesting as it's a relatively high end townhouse in qc. I've seen the plans they are very nice. Am curious as to how they will do but I suspect they will do quite well! They have a differentiated product and address the young chinoy market in nearby sta mesa heights!

Vol. XXII, No. 162
Thursday, March 19, 2009 | MANILA, PHILIPPINES
Property & Infrastructure
Two residential developers still upbeat

TWO PROPERTY developers are optimistic there’s still a market for residential projects this year, defying the bleak outlook by analysts.

Lucio C. Tan-led Eton Properties Philippines, Inc. launched Tuesday the 3.3 hectare high-end townhouse project 68 Roces, the company’s first project for the year.

The project, on Roces Avenue in Quezon City, will have 190 units of three-to four-bedroom townhouses, with parking slots. Unit sizes range from 158 square meters (sq.m.) priced at P12 million to 238 sq.m. which will be sold at P15 million.

Danilo E. Ignacio, Eton president and chief operating officer said there was still high demand for high-end residences contrary to views that the segment would most likely take a hit.

"Even during this time, there are still a lot of people from the high-end market with lots of money. As long as it is an end-user product, the demand will always be there," he said.

The target market is not the overseas Filipino workers but couples who want to start their own families, he said.

The residential townhouse, which will have a clubhouse, a 28-meter swimming pool, and playground, will occupy 2.8 hectares. The remaining space will be allotted for a retail strip.

Meanwhile, newly listed Anchor Land Holdings, Inc. will launch the second of its twin-tower development Solemare Parksuites at the ASEANA Business Park in Parañaque next month.

The new 18-storey tower comes on the heels of "overwhelming market reception" for Solemare Parksuites’ Tower 1 and strong demand for high-end residential units in the Macapagal Boulevard area, the company said.

filcan

March 19th, 2009, 04:40 AM

^^:D
http://www.skyscrapercity.com/showthread.php?t=698996&page=3
^^looks great, thanks.

Aziza1121

March 19th, 2009, 07:18 AM

may link na ba ang PRINCETON by smdc somewhere sa gilmore?

There's no link in SMDC's website. But I will post some info abt it in its proper thread.

3cr

March 20th, 2009, 05:32 AM

Looks like Eastwood and Nuvo City will be having another neighboring development pretty soon...

Circulo Verde: Your own living space
PhilStar
http://thefilipino.com/frames/philstar.htm

Ortigas & Co. recently unveiled Circulo Verde, its latest innovative residential development, which offers its residents the living space they deserve.

Located in a 12-hectare property along Calle Industria in Bagumbayan, Quezon City, Circulo Verde will have 15 residential buildings of staggered heights that gives residents unparalleled sightlines of the nearby Sierra Madre mountains and the Metro Manila skyline. As part of the global effort to go green, the development retains natural features that are unique to the property, as well as maximizing the potential of the Marikina River, which surrounds the site.

Ortigas & Company chief operating officer Rex Drilon II says Circulo Verde does not merely provide Filipino families with the homes they need, but also the opportunity to embrace an alternative lifestyle that is sensitive to the environment.

“Our objective is not just to sell condominium units. That’s not what this is all about. Ortigas has been known for the last three generations to provide quality communities,” says Drilon. “We are here to offer the Filipinos on alternative lifestyle. We believe in making projects that resonate with the aspirations of Filipinos. A home is important for many Filipinos. This is an aspiration of Filipinos in all classes, and it would be sad if we came up with a mediocre development.”

Circulo Verde is ideal for a variety of homeowners, from startup families, to upwardly mobile professionals and empty nesters, since it offers a variety of layouts. Its location places residents in a quiet part of the metropolis yet still within reach of major commercial and business establishments and premiere educational institutions in the country. With access to EDSA, Ortigas Ave., C-5, Katipunan, and Marcos Highway, busy executives are just minutes away from the Makati, Ortigas and Quezon City business districts. Major commercial establishments as well as schools and colleges like UP Diliman, Ateneo and La Salle Greenhills are just a few kilometers away.

The international design firm RTKL has developed a master plan that maximizes the area’s natural features to strike a balance between nature and the demands of fast-paced living in the city. The Marikina River provides the perfect frame for this ecologically sensitive master plan.

Greg Yager, principal architect of RTKL, says that Circulo Verde offers a high-quality environmental where people can live, work and play.

“I think Circulo Verde gives us the opportunity to be sustainable,” Yager explained in a project briefing last year. “Being citizens of a world where the climate is changing, we still want to get the quality of life, we still want to enjoy the place we live in, and we still want the best communities for our children. Our aim at Circulo Verde is to create a unique place. You can walk in the garden and alongside the Marikina River, enjoying the fresh air on your face. Then just around the corner, you can walk into the shops, restaurants, gyms and health clubs. You can be in the midst of a flurry of activities without leaving your neighborhood.

Ortigas & Company general manager for real estate, Cathy Casares-Ko, says that the project site is unique. Its location and topography allow the planners to come up with a product that maximizes the views for all the towers. There is a play on the heights of the residential buildings that provide not just unimpaired views, but also brings in adequate ventilation and natural lighting to all units.

Circulo Verde:
http://img366.imageshack.us/img366/5277/slide24dv0.jpg
http://img145.imageshack.us/img145/4883/slide25xw1.jpg
http://img231.imageshack.us/img231/3025/slide31hq2.jpg

bustero

March 20th, 2009, 12:05 PM

For stay tower in the fort , i think we may have a thread on this.

Vol. XXII, No. 163
Friday, March 20, 2009 | MANILA, PHILIPPINES
Corporate News
Fil-Korean property firm hikes capital to repay investors

A PROPERTY venture between Korean and Filipino businessmen has added P250 million in capital to settle debts to investors, documents from the corporate regulator showed.

Hyopan Land Philippines, Inc., hiked its authorized capital to P500 million from P1 million in a move to partially cover advances from shareholders worth P342.40 million, which was used to finance the company’s investments.

Of the capital increase, 2.25 million shares worth P100 each were issued to Hyopan Land chairman and chief executive officer Victor Siasat, while 249,997 more shares were given to Flora A. Siasat as payment. The two previously held 700 shares each.

Hyopan Land Philippines wants to capitalize on the huge number of Korean tourists in the country. ’ AFP

The firm’s board approved the capital increase on Jan. 29, while the Securities and Exchange Commission gave its go-signal last week.

The move boosted Hyopan Land’s paid-up capital to P250.06 million from only P62,500.

Hyopan Land is developing a 44-storey residential condominium at the Bonifacio Global City in Taguig, called the Stay Tower. The units will primarily be sold to the wealthy Korean clients.

The Stay Tower will have 339 residential units. The first four floors will have retail shops, a gym, and an English-language school. The project is expected to be completed in the last quarter of 2010.

The firm also plans to develop other projects that cater to Koreans in the Philippines, such as retirement villages in the provinces, English-language schools, hotels, resorts, and related businesses.

Mr. Siasat manages a number of businesses such as clothing stores Guess Philippines, Mango, and Terranova; Gloria Jean’s Coffee and Chef Donatello; and Gold’s Gym. He also has interests in real estate firms like Santa Monica Land and Wilshire Land. — D.G.K. Carreon

3cr

March 20th, 2009, 12:08 PM

^^ Yup it's under The Module Tower in the BGC projects thread Bustero/Peter. :)

terman1718

March 23rd, 2009, 01:29 AM

Daming new developers in the market today even if nagslowdown na ang economy natin.
I believe this should help many people...

How to Choose: PRE-SELLING vs FORECLOSED vs SECONDARY PROPERTIES

When one wants to invest in a Philippine Property, (or any property for that matter), the careful buyer will always find three types of properties to choose from by canvassing around: Pre-selling, Foreclosed, and Secondary Properties. Given a budget to work with, whether it’s a million-peso figure and/or a monthly budget based on your income, how will you know which of the three suits you best?Aside from the location of the property itself which of course is crucial to you depending on where you live and work, allow me to give you this chart below so you will know what to expect on each of the three: (All Caps means an ADVANTAGE)

See the chart at http://www.realestatephilippinesblog.com/pre-selling-vs-foreclosed-vs-secondary-properties/ (since there is no table format here)

Hope this helps :-)

3cr

March 23rd, 2009, 05:39 AM

SM group allots P800M for projects
Business World
http://www.bworldonline.com/BW032309/content.php?id=048

THE HIGH-END property arm of the SM Group has joined the bandwagon of luxury residential developers who continue to downplay the ominous forecasts of real estate analysts, choosing to continue projects for the year despite a slowing economy.

Highlands Prime, Inc. last week launched its first project for the year — the 14-hectare Katsura subdivision which is expected generate P868 million in revenues. Katsura is the sixth cluster of the Lakeside Fairways project that the company is developing on its 1,500-hectare property in Tagaytay Highlands.

"Property developers have to be optimistic. The company is experiencing very few cancellations," Willy N. Ocier, vice-chairman of Highlands Prime, said.

Mr. Ocier said the company does not feel the global recession as demand from second-home buyers for the firm’s 241 subdivision lots remains brisk. The lots, which have an average size of 300 square meters (sq.m.) are sold for P12,000 per sq. m.

Almost half of the lots are considered sold even if the company has yet to secure its license to sell, he said. "Surprisingly, the market is still there. We have low dependence on overseas Filipino workers and 90% of our sale are from local buyers," Mr. Ocier said.

Highlands Prime is alloting P800 million in three projects for the year, the same as last year. "Funds for the projects this year will come from internally generated cash. The company has no plan to tap the debt market," he said.

Aside from Katsura, the company’s other subdivision projects in the area include Kew Gardens, Terrazas de Alava, Tivoli Place, Lakeside Enclave, and Cotsworld.

Shares of Highlands Prime on Friday stayed at P2.44 apiece.

Luxury hotel to open

Meanwhile, the P2.362-billion hotel developed by Travellers International Hotel Group, Inc. at a tourism economic zone in Pasay City is set to open in the second half of the year and will generate roughly 2,000 jobs, the Tourism department said in a statement yesterday.

The six-star Maxims Hotel, located at the 25-hectare resort complex dubbed Newport City, will feature 172 junior and king suites, three private villas, and a presidential suite, the statement read.

"This responds to the growing need for luxury travel services in the country, where we have seen a steady growth of European tourists seeking more specialized services," said Undersecretary Eduardo A. Jarque, Jr.

Travellers, the hotel’s developer, is owned by Andrew Tan-led Alliance Global Group, Inc. and Genting Group subsidiary Star Cruises, Ltd. The firm is also behind two other hotels in Newport City: the five-star Mariott Hotel with 365 rooms and three-star Nova Star Residence Hotel, both of which will also open in the second half.

bustero

March 23rd, 2009, 09:10 AM

hmmm i'm curious if a "6" star hotel will do well in Pasay even if it's in front of the airport!

venntro

March 24th, 2009, 02:50 AM

15 hotels to open this year (http://http://www.manilastandardtoday.com/?page=news4_mar23_2009)
By Roderick T. dela Cruz

FIFTEEN new hotels and resorts offering 2,000 rooms will open this year despite the economic downturn, the Tourism Department says.

The new properties are worth P20 billion, and they will be employing 3,000 workers, the department says.

It says some of these new properties have already opened, and they include 28 cluster villas under the Amanpulo Resorts, which owns Sugihara Villa Resort, Vauban Villa Resort, Salamanca Villa Resort, Almonavides Villa Resort, La Galice Villa Resort, Kapangyarihan Villa Resort, and La Pucelle Villa Resort.

Rates at the Amanpulo properties start at $1,150 a night.

Shangri La’s Boracay Resort & Spa, with 219 rooms, opened to guests on March 2 with daily rates of P20,500.

Discovery Bay Misibis on Cagraray Island, Albay, with 38 villas, also opened early this year with room rates starting at $305 a night.

The 75-room Park Bed and Breakfast Hotel and Restaurant in Pasay City, which is managed by Legend Hotels International Corp., has also opened, and its rates start at P1,500 a night.

The 50-room Microtel Inn and Suites in Puerto Princesa opened early this year, and it offers a daily rate of P3,800.

The largest hotel in Cebu, the 556-room Imperial Palace Waterpark Resort, will open on May 20, although it has yet to announce its room rates, the department says.

It says more hotels and resorts are opening in the second half of the year, including the 232-room Oakwood Premier Manila in Ortigas Center, which opens its doors to guests in the third quarter. The room rates at its sister facility, the Oakwood Makati, start at P10,000 a night.

The 100-room Picasso Serviced Residences in Salcedo Village, Makati, is expected to be completed by Ardent Development Corp. by the second half.

Also opening in the second half are two luxury hotels near the airport in Manila and beside the Villamor Championship Golf Course.

The Newport Marriott Hotel will have 365 guest rooms, and Maxims Hotel 170 suites.

The P500-million Silang Wakeboard Park is rising up on a 12-hectare plot of land in Silang, Cavite, and it’s expected to open by August.

The Manila Ocean Park in Rizal Park is building extra facilities including a boutique hotel.

The Tourism Department is also processing an application from Bella Roca Island Resort and Spa in Marinduque.

Tourism Secretary Ace Durano says these new investments in tourism-related facilities and establishments are expected to add more than 2,000 new accommodation rooms and generate 3,000 jobs.

“With this initial list of investments, the country is assured of a vibrant tourism industry with bigger revenue and more jobs,” Durano said.

The new hotels and resorts will pay no taxes for four to six years and may import capital equipment tax-free if they are registered with the Board of Investments, according to Victoria Jasmin, director of the Office of Tourism Standards.

Meanwhile, the Tourism Bill is expected to result in more investment and create more tourism zones once it is signed into law.

The Senate and the House’s bicameral conference committee has approved the bill, which will give the Tourism Department powers beyond its marketing functions.

venntro

March 24th, 2009, 02:53 AM

15 hotels to open this year (http://http://www.manilastandardtoday.com/?page=news4_mar23_2009)
By Roderick T. dela Cruz

The 100-room Picasso Serviced Residences in Salcedo Village, Makati, is expected to be completed by Ardent Development Corp. by the second half.

^^ Do we have a thread for this? Anyone knows how this looks like? Thanks.

Ph Man

March 24th, 2009, 06:41 PM

it's an old building that's being renovated at the moment. it used to be an apartment building. it's no more than 13 storey high. used to be very hideous i may say. it should look better now than its 70-ish version.

johnmizer

March 25th, 2009, 01:56 AM

yan ba yung katabi ng triton ?

venntro

March 25th, 2009, 02:11 AM

tyronne

March 25th, 2009, 03:14 AM

Even the brick building along Buendia, close to the site of One Central, has been "re-cladded". It now has a different cladding.

rjekonomista

March 25th, 2009, 04:21 AM

Planning Democracy

March 25th, 2009, 11:20 AM

Just lurking, there seems to be a lot of projects in the pipeline for these developers.

The National Bookstore property in the corner of EDSA and Aurora Blvd is really prime property. IT was bought only recently? For how much?

sloanesquare

March 25th, 2009, 11:30 AM

Even the brick building along Buendia, close to the site of One Central, has been "re-cladded". It now has a different cladding.
i wish ayala commercial will look at how once ugly government buildings in buendia look new because of cladding..for that matter developers in the Fort with their el-cheapo paint ...whats happening is the developer is leaving it to the association to allocate capital maintenance fees to pay for the cladding...for once it would be nice to see things done aesthetically proper and not conveniently proper in our cities. i have not been around jakarta brunei KL taipei bKK..but do these cities also use paint in their buildings like our kuriput developers?

i am more understanding about Ayala Ave since most of the buildings there were done in the 60's , so concrete was the norm..but at least now some of the buildings are being spruced up...and notably the darkness is being addressed by having food chains at street level..the Zobels are really so kuriput...hopefully with what they save from painting their buildings they can put proper lights in the area in front of ShangriLa Hotel.

johnmizer

March 26th, 2009, 03:17 AM

add madrigal bdlg to that list

trivia, rufino plaza is surrounded by abandoned bdlgs, yung pnb and ayala life, any plans for these 2 bdlgs.

you should see the new and improved prudential bank , aka bpi dun sa carriedo. compared sa glass fascade ng bdlg nila sa ayala aka kpg

pushstars

March 26th, 2009, 05:24 AM

You can include the renovation being done in the old Jardine Building in Buendia. hopefully.

I noticed that the building near Burgundy Ayala and Tropical Hut in Buendia has been closed down. Any rumors here?

RonnieR

March 26th, 2009, 05:29 AM

^^now that u pointed this out, i think there is a growing number of buildings being renovated/beautified in makati cbd. we should identify all of them:)

help me guys!
1. Prudential Life (along Ayala Ave - done already, there are several buildings along Ayala that are having a "face-lift")
2. Planter's Bank (along Buendia)
3. Ardent's Picasso building (in Salcedo village)
4. Solar Tower (I think recently had a face-lift also, along HV delacosta Salcedo side)
5. BDO building (5-storey building at buendia cor paseo de roxas)
.....

:cheers:

You can include the renovation being done in the old Jardine Building in Buendia. hopefully.

I noticed that the building near Burgundy Ayala and Tropical Hut in Buendia has been closed down. Any rumors here?

add madrigal bdlg to that list

trivia, rufino plaza is surrounded by abandoned bdlgs, yung pnb and ayala life, any plans for these 2 bdlgs.

you should see the new and improved prudential bank , aka bpi dun sa carriedo. compared sa glass fascade ng bdlg nila sa ayala aka kpg

Even the brick building along Buendia, close to the site of One Central, has been "re-cladded". It now has a different cladding.

Why can't we have the photos of these renovated buildings? :cheers:

terman1718

March 27th, 2009, 02:34 AM

http://cocktales.ph/?cat=8

The plan of the SM Group to build a residential condominium near Sta. Maria della Strada church beside La Vista subdivision– whose VIP residents include the Arroyos and Senator Miriam Santiago — is being opposed by a coalition of La Vista residents.

But they didn't oppose SM berkeley katipunan right? Maybe they're complaining now because its right beside their property

pushstars

March 30th, 2009, 09:21 AM

Primex building a mid-rise condo in Malabon.

http://www.pse.org.ph/html/disclosure/pdf/2009/pdf/dc2009-2191_PRMX.pdf

Shazzam

March 31st, 2009, 05:49 AM

Is it right to post this in the Rumour's Thread, considering that Father Yap denied the talks with SM?.....

Fr. Reuter’s home sold to mall

By Doris Dumlao, Dona Pazzibugan, Jerome Aning
Philippine Daily Inquirer
First Posted 04:22:00 03/31/2009

MANILA, Philippines—Xavier House, a property of the Society of Jesus on Pedro Gil Street in Sta. Ana, Manila, that served as a broadcast hub of the 1986 EDSA People Power Revolution, has been sold to the SM Group.

Fr. James B. Reuter, a living hero of the historic 1986 People Power, said he had been asked by SJ superiors to move out of Xavier House and relocate to either Ateneo de Manila University in Quezon City or Xavier School in San Juan City.

A representative of the country’s leading mall developer confirmed the sale Monday.

But Fr. Jose Cecilio Magadia, provincial superior of the Jesuits in the Philippines, denied Monday night that a deal had already been reached. “Not true,” he said of the reported sale of Xavier House to the SM Group.

Fr. Bobby Yap, treasurer of the Philippine Province of the Society of Jesus, said “the property has not been put on the market. We have not spoken to SM at all.”

Yap, nevertheless, confirmed plans to sell the Sta. Ana property and other Jesuit-owned real estate “in light of financial problems the province is facing.”

The representative of SM, who declined to be named for lack of clearance to speak publicly on the matter, said that the sale had been consummated.

“A supermarket is being planned in the area, which will serve the community and at the same time enhance the value of real estate in the area,” the representative said.

There was a “willing seller” and that this seller didn’t say anything about opposition coming from conservation groups regarding the sale, the SM representative said.

The SJ compound comprises two houses: The Xavier House that already stood in 1859 when the Jesuits returned to the country after being exiled by the Spanish colonial regime, and an adjoining house that was built in 1970.

Reuter, who turns 94 on May 21, said Xavier House carried not only the memories of the Jesuit fathers but also of the entire country.

“That house is a natural memorial of the history of the Philippines,” said Reuter, who has been living in the house for over 40 years.

Reuter not leaving

Asked to choose between Ateneo or Xavier School as his new home, Reuter said: “My answer is, ‘I don’t want to go.’”

“Money is nothing, and this house is something,” he said. “The memorial we have in this house is worth more than money.”

The Heritage Conservation Society (HCS) has mounted a drive it dubbed “Save Sta. Ana Heritage” to preserve the district’s historical buildings.

Buildings demolished

HCS officer Ivan Anthony Henares said he and other HCS officers recently visited Sta. Ana and found that several historical buildings were being demolished or set to be sold.

In an article posted on March 22 on his blog (www.ivanhenares.com), Henares said SM was behind the demolition of some of the buildings, such as the Emilio Aguinaldo College (previously the Columban Fathers’ residence), former residence of the Franciscan Missionaries of Mary and birthplace of Student Catholic Action.

He urged SM to preserve at least the façade of the buildings so that the historicity of the district would be preserved.

Also being demolished are the Sta. Ana Racetrack buildings designed by the National Artist for Architecture Juan Nakpil.

“The shells of the buildings are still there and I am hoping that they preserve these and incorporate them into the shopping mall,” Henares said.

Pasig River

Reuter said the Xavier House “might have been built earlier” than 1859. The house, which has been well maintained through the years, faces the Pasig River.

This means the house was built before the street was even built, Reuter pointed out.

“This house was the main base of the Jesuits for 50 years. The Society of Jesus is identified with Xavier House. It carries the life of the Society of Jesus that goes back 150 years,” he said.

He said the building “carries the memories of men who lived here, worked for the people.”

The living room, he said, “has been the center of so many things. During EDSA, this house was the center of the EDSA Revolution.”

Radyo Bandido broadcast

It was from this house that Reuter directed the historic “Radyo Bandido” broadcast that fueled the Filipinos’ courage to peacefully overthrow the 20-year Marcos dictatorship.

During martial law, Reuter was put under house arrest in Xavier House for two years. There was constant guard to suppress whatever communication he tried to get out to other opposition members.

When then Defense Minister Juan Ponce Enrile and then Philippine Constabulary chief Lt. Gen. Fidel Ramos broke away from Marcos in February 1986, Reuter said the two men asked him to have someone go on air to give the people courage and guidance.

June Keithley-Castro was then working at Xavier House, which served as the center of the Philippine Federation of Catholic Broadcasters (now known the Catholic Media Network).

Cardinal Sin’s appeal

From Xavier House, Reuter sent Keithley to the Catholic Church-run Radio Veritas, which broadcast the historic appeal of the late Jaime Cardinal Sin urging the people to go to EDSA to protect the anti-Marcos soldiers.

When Radio Veritas was shut down by government forces, the team turned underground and took the name “Radyo Bandido.”

Keithley became the voice of Radyo Bandido that transmitted from dzRJ, while Reuter directed the broadcast from Xavier House. He was in command of what was being said and what was being done.

“When she became the voice of the people, she became the voice of this house,” Reuter said. “What she was saying was being fed from here because we had links all over the country.”

There was constant danger as the Marcos agents who kept watch over the house knew what Reuter and his team were doing.

Strafed

During one of those tense mornings, gunmen strafed at the house. Several shots were made “enough to shatter the windows.”

“When that happened we were already on the floor,” Reuter recalled. The bullets lodged on the wall. “But I don’t think they had courage to execute us. What they did was try to quiet us down,” he said.

Reuter said he fully understood that the SJ had run into serious financial need to sustain its operations.

“There was talk, there is talk of selling Xavier House for money. The superior apologetically said that. That to my mind will be a terrible mistake,” he said.

“It’s not that they want to sell this house, but they need money, and that’s a terrible thing. Love of money is a vice and the Jesuits don’t have that. They need money, which is a different thing,” said Reuter.

He shuddered at the thought that the house would be demolished to give way to business. “You shouldn’t sell a place like this for money,” he added, saying the money could be raised in “some other way.”

bustero

April 2nd, 2009, 01:40 AM

Shazzam perfect place to put it as it's not confirmed and parang chismis lang talaga haha

I'm amazed that the Jesuits would run out of money, perhaps they were hit with abn last year as well. Some agressive funds management perhaps.

Looks like they have to really figure out if they will sell it or not and if they want to keep the house as a heritage plot or not . They'll need to balance both as the valuation will be affected if they can't tear down the house and a potential buyer be it SM or Not is going to need the whole lot or not.

3cr

April 2nd, 2009, 04:34 AM

ALI scales down new residential project launches
By Zinnia B. Dela Peña
PhilStar
April 02, 2009
http://www.philstar.com/Article.aspx?articleId=454228&publicationSubCategoryId=66

MANILA, Philippines - Adopting a defensive stance amid a global economic downturn that has affected demand for some segments of the property market, Ayala Land Inc. (ALI) is limiting new residential launches to around 2,000 this year or significantly lower than the previous year, as it aims to sell out its remaining inventory to reduce risks.

“We remain quite cautious for 2009 and our posture will be to preserve our margin gains while calibrating our planned residential launches very carefully in line with both domestic and overseas Filipinos demand,” said Jimmy Ayala, outgoing president of ALI.

“With substantial inventory across its major market segments, ALI’s priority will be to clear out our current positions to generate additional cash before it embarks on new launches,” Ayala said. The company currently has an inventory of 7,500 units.

Last year, ALI launched a total of 4,238 new residential units from four new projects and 14 new phases.

Ayala said ALI’s new game plan will prioritize investments with quick cash turnarounds that bear low risks and limit its exposure to larger scale projects until the markets recover.

“We intend to stagger new commitments for the remainder of our pipeline and limit the number of projects running at any given time to further reduce risk profile and ensure that your company will not be vulnerable in case of a protracted slowdown,” Ayala said.

Ayala Land Premier, a subsidiary of ALI catering to the high-end market, registered lower sales bookings due to the impact of the US credit crunch.

“For projects that meet our company’s tight investment criteria, we are shifting our funding mix more in favor of equity while also securing any required debt financing prior to launch to effectively limit our risk exposure,” Ayala said.

ALI, nevertheless, will continue to busy itself this year with the completion of ongoing projects. ‘We are currently in the midst of executing 129 projects simultaneously that we have committed to complete on time,” he said.

ALI has earmarked P17.4 billion in capital expenditures this year which include the redevelopment of the Ayala Center which is estimated to cost P7.2 billion and the completion of MarQuee Mall in Angeles, Pampanga.

Marquee Mall, ALI’s first provincial shopping center outside Cebu, will make available an additional 38,000 square meters of gross leasable area when it opens its doors to the public in September this year. It will allow the company to broaden its reach and allow it to tap into the increasing consumer demand and sophistication in a rapidly expanding economic growth corridor at the heart of Central Luzon.

The redevelopment of Glorietta 1 and 2 is expected to be completed by 2012.

Also part of the Ayala Center makeover is the construction of Raffles Hotel and Private Residences and Fairmont Hotel.

Meanwhile, the first phase of ALI’s Davao mall development will offer 35,000 square meters of leasable space by 2011.

Newly-appointed ALI president Antonino T. Aquino said the company’s main focus under his leadership would be to execute its plan which has already been laid out and to take advantage of other opportunities that may arise.

With a cash hoard of P16.7 billion, ALI is confident it will have the cash not only to meet its promises but also to be able to invest in attractive opportunities.

While effectively managing its risks, the company will continue to be on the lookout for unique and attractive investment opportunities, Aquino said.

“Prime assets that would normally never become available could find their way into the market and it is a fact that some of our best acquisitions have come during downturns,” Aquino said.

ALI anticipates that near-term growth in office lease rates may come under some pressure from the slowdown in economic growth and the more affordable options available in some other business districts.

From only 35,800 square meters in 2007, ALI’s available BPO office space grew to 200,800 or more than five times last year.

“While we remain positive on the long-term fundamentals and growth prospects of the Philippine BPO sector, this is an area that we are watching closely as demand growth is slowing down in the near term and there is significant supply that will come on stream from other developers in 2009. The recession in the US and has resulted in some short-term dislocations which have negatively impacted demand,” Ayala said.

For his part, Fernando Zobel De Ayala said he is confident the local property market will be more resilient this time as credit remains largely available for both corporates and consumers.

“While the current environment is clearly challenging, we have been through worse times in the past, and have come out of those trying periods with our fundamentals intact and with more experience in managing through the cycles,” Zobel De Ayala said.

“We believe that these difficult times will further strengthen our position of leadership in the industry and in the marketplace as people seek refuge in quality and in the brands they trust,” he added.

Aziza1121

April 2nd, 2009, 03:55 PM

Businessman talaga itong si Mr. Henry Sy. May businessplan everytime may crisis dito sa Pinas. Di ba, he started his ShoeMart empire selling retail shoes nung WW2 era. Then, he built Megamall during Asian financial crisis. Then now, he got into banking and real estate. Marunong sa timing! Lalo tuloy nag-go-grow and glow!

lightsaber46

April 7th, 2009, 02:22 AM

Phinma to spend P600M on condo projects
http://business.inquirer.net/money/breakingnews/view/20090406-198101/Phinma-to-spend-P600M-on-condo-projects
By Doris Dumlao
Philippine Daily Inquirer
First Posted 01:43:00 04/06/2009

Filed Under: Real Estate, Construction & Property, Economy and Business and Finance, Company Information, Investments, Housing & Urban Planning, Housing

MANILA, Philippines -- Phinma Property Holdings Corp. (PPHC) is investing up to P600 million this year on three affordable condominium projects—two in Quezon City and one in Parañaque—offering units priced at below P1.5 million.

With demand for low-cost housing remaining strong despite the global economic downturn, PPHC expects property sales this year to grow at least 15 percent from the P1 billion posted last year, company president Willie Uy said in an interview.

The three new condominium projects are the 870-unit Flora Vista in Commonwealth, Quezon City; the 748-unit Sofia Bellevue in Capitol Hills Drive, Quezon City; and the 1,710-unit Fountain Breeze in Sucat, Parañaque.

Flora Vista will have nine five-story walk-up buildings on a 1.8-hectare property while the 1.6-hectare Sofia Bellevue will have five buildings. Fountain Breeze will have 14 residential buildings on a 3.1-hectare property.

Uy said PPHC was into the “rental replacement” market, offering affordable condominium units as low as P900,000 to individuals and households with monthly income of at least P40,000.

“Typically, we try to finish a 1.5-hectare project in a year and that’s why were able to sell cheap because whatever we saved on interest expense goes to extra income. Whatever savings we have on construction efficiency is also income,” Uy said.

Waldenstrom

April 7th, 2009, 04:53 PM

EricO'malley

April 8th, 2009, 05:41 AM

Belton Communities Inc. (Lucio Tan company) project in Quezon City. Right beside the proposed future site of SM along Quirino Hway near Tandang Sora Ave.

http://www.northbelton.com

lightsaber46

April 14th, 2009, 04:41 AM

http://business.inquirer.net/money/columns/view/20090413-199146/Election-speeding

In the real estate sector, word goes around that the Bureau of Internal Revenue is investigating one of the country’s biggest real estate firms for tax evasion.

The BIR supposedly got a tip that the company, which has already landed in the list of top corporations in the Philippines, did not pay the proper capital gains tax for a condo project in Makati.

According to BIR insiders, the company used an old trick in the tax evasion book.

First, the company enters into a joint venture with the lot owner to build a condo, with the lot owner putting in the property as capital in the newly formed joint venture company, and the developer shouldering the construction cost.

Under such an arrangement, the joint venture does not have to pay for the capital gains tax.

Here is the catch—the real estate company then does not waste any time in buying the interest of the lot owner in the joint venture.

The BIR frowns on such a practice. And so I understand that the condo project was put on hold because of the BIR investigation.

IslandSon.PH

April 15th, 2009, 06:16 AM

Stumbled on this ayala/gsis project for quezon city yet the website has this proposal for fort bonifacio instead.

http://www.vizfx.com/portfolio/2/b/ayala/images/thumbs/ltn_image_0.jpg

source (http://www.vizfx.com/portfolio/2/b/ayala/)

jaygold06

April 15th, 2009, 07:59 AM

may balita ako na magiging operational na ulit yung old hyatt hotel along roxas boulevard pasay city...

sloanesquare

April 15th, 2009, 11:30 AM

may balita ako na magiging operational na ulit yung old hyatt hotel along roxas boulevard pasay city...
which chain will run it.

Ph Man

April 15th, 2009, 09:17 PM

jaygold06

April 16th, 2009, 03:12 AM

which chain will run it.

Am not sure about the chain yet.:)

venntro

April 16th, 2009, 04:03 AM

^^ If you look closely at the rendering, that area is the very area where an unfinished dilapidated structure is presently located at the corner of QMC (Circle) and commonwealth, just across the Philcoa building. But it's really weird that the website pointed to Fort Bonifacio instead. Hope they push through with this project.

Any more details on this? Will it be residential, retail, office or mixed development?

sirhc aziledrolf

April 16th, 2009, 04:22 PM

What about Filinvest? The Linear..

let's speculate:

Ayala Land
Megaworld
Rockwell
Robinsons Land
Century Properties
Shangri La Properties
Cityland
Federal Land
Eton Properties

not all of above are on the list of top corporations. and we know who's got land banks. i.e., does not need to acquire new lands. ;)

lightsaber46

April 17th, 2009, 02:08 AM

Taguig first to offer condo units to city hall workers
http://www.manilastandardtoday.com/?page=police2_april16_2009
By Ferdinand Fabella

A high-rise condominium for local government employees will soon rise in Taguig City, a first among 17 localities of the metropolis.

Mayor Freddie Tinga said the twin-tower “Sea and Sky Residences” is intended as a housing incentive with more than 70 percent of its 720 units to be sold at low cost to city hall workers, teachers and policemen.

“This housing program gives opportunity for ordinary people like our city employees to experience what it feels like living in a high-end condominium at a very affordable cost,” said Tinga, who celebrated his 44th birthday yesterday, leading the groundbreaking ceremonies.

To be built through a joint venture agreement with a private developer, the Sea and Sky Residences would rise in a city-owned lot along Levi Mariano Avenue in Barangay Ususan.

The paired 26-floor condominium building will have separate hotel-grade facilities such as swimming pool, a fitness gym, and parking spaces with a 24-hour security, according to Tinga.

Sea and Sky Residences, he said, which will be at par with the more expensive and classy condominiums in The Fort, will be a showpiece section of the city.

Tinga said payment would be stretched 25 years through house financing institutions such as the Pag-ibig Fund, Social Security System, and Government Service Insurance System.

The price for a unit at the Sea and Sky Residences starts at P680,000.

The city government is also set to build a sports stadium on a 2.5-hectare city-owned lot along Levi Mariano Avenue.

The Felino Marcelino Sr. Memorial Stadium wwould have separate baseball and football fields, according to Tinga.

“We envision Taguig City as the country’s next sports destination, where local, national and even international sports tournaments will be held.”

aschmeing

April 17th, 2009, 02:25 PM

ey guys, check out the latest designs in Marikina brought to us by WC Development Corp. These guys are certainly changing the standards of Townhomes in Marikina and they have very competitive prices.

Client satisfaciton, great design, uncompromised quality, and great sales service is what they offer! Watch out for these guys...I think they will be the next real estate moguls... :)

www.wcdevelopmentcorp.blogspot.com

3cr

April 18th, 2009, 05:50 AM

Philippine Stock Exchange in BGC:

Philippine Stock Exchange
Bonifacio Global City,
Taguig, Philippines
Ayala Group

http://www.cbengineers.com/images/markets/philippine_stock_exchange/1.jpg http://www.cbengineers.com/images/markets/philippine_stock_exchange/2.jpg

CB Engineers was selected by the Ayala Development Group to provide consulting services as the sustainability consultant and commissioning agent for the new Philippine Stock Exchange Office Building.

The project is a new 650,000-sq.ft. high rise office tower complex located in Bonifacio Global City, a business district of Metro Manila in the Philippines. The project is named for its anchor tenant the Philippine Stock Exchange (PSE) although the PSE will be occupying only about 108,000 sf or 15% of the total projected floor area. The project is being designed as a LEED Gold, Class A office space (referred to as Triple A Office Space in Manila) and will seek high profile tenants such as headquarters of large multinationals, with the retail section housing the Apple Store, Manila as the anchor tenant. To match the projects ambitious design goals, the Ownership Group has insisted on retaining a world class design team which includes Skidmore Owings & Merrill, SOM; EDAW and CB Engineers along with qualified local architects and engineers as the designers or record.

The project is attempting to become the first LEED Gold building in the Philippines. To achieve this CB Engineers was retained to manage the LEED process from a design and construction standpoint and to assist with the LEED submittal process. To this end, CB Engineers is assisting the Team with LEED point review and analysis and management of the LEED and sustainability program which extends to all aspects of the building design

Philippine Stock Exchange
http://img58.imageshack.us/img58/8899/unifpsebldgdm1.bmp

^^ PSE :okay: :okay:

Ph Man

April 18th, 2009, 02:21 PM

could be. it says "a project." there could only one recent project from this developer. or could it be Manny Villar's Camella Prestige (Laureano di Trevi)?

Kintoy

April 21st, 2009, 05:22 AM

Stay Tower? Engrish na engrish ah, :lol:

For stay tower in the fort , i think we may have a thread on this.

Vol. XXII, No. 163
Friday, March 20, 2009 | MANILA, PHILIPPINES
Corporate News
Fil-Korean property firm hikes capital to repay investors

A PROPERTY venture between Korean and Filipino businessmen has added P250 million in capital to settle debts to investors, documents from the corporate regulator showed.

Hyopan Land Philippines, Inc., hiked its authorized capital to P500 million from P1 million in a move to partially cover advances from shareholders worth P342.40 million, which was used to finance the company’s investments.

Of the capital increase, 2.25 million shares worth P100 each were issued to Hyopan Land chairman and chief executive officer Victor Siasat, while 249,997 more shares were given to Flora A. Siasat as payment. The two previously held 700 shares each.

Hyopan Land Philippines wants to capitalize on the huge number of Korean tourists in the country. ’ AFP

The firm’s board approved the capital increase on Jan. 29, while the Securities and Exchange Commission gave its go-signal last week.

The move boosted Hyopan Land’s paid-up capital to P250.06 million from only P62,500.

Hyopan Land is developing a 44-storey residential condominium at the Bonifacio Global City in Taguig, called the Stay Tower. The units will primarily be sold to the wealthy Korean clients.

The Stay Tower will have 339 residential units. The first four floors will have retail shops, a gym, and an English-language school. The project is expected to be completed in the last quarter of 2010.

The firm also plans to develop other projects that cater to Koreans in the Philippines, such as retirement villages in the provinces, English-language schools, hotels, resorts, and related businesses.

Mr. Siasat manages a number of businesses such as clothing stores Guess Philippines, Mango, and Terranova; Gloria Jean’s Coffee and Chef Donatello; and Gold’s Gym. He also has interests in real estate firms like Santa Monica Land and Wilshire Land. — D.G.K. Carreon

leechtat

April 21st, 2009, 10:15 AM

^^ very interesting... hmm... based on the clues and what francis gave us..

let's take mw, ali, cityland, rockwell, federal and eton out of the list... hmm.. what proj could it be?

bustero

April 23rd, 2009, 06:08 AM

yes they don't want it to move...

lightsaber46

April 24th, 2009, 04:40 AM

Teves sees sale of FTI, PNOC unit in end-June
http://www.manilastandardtoday.com/?page=business3_april23_2009
By Lawrence Agcaoili

The government expects to privatize the sprawling Food Terminal Inc. property in Taguig City and its shares in PNOC–Exploration Corp. before the end of the third quarter of the year to raise much-needed revenues.

Finance Secretary Margarito Teves said in a press conference the government hoped to finally dispose of the two major assets before the end of the second quarter or before the end of the third quarter at the latest.

Teves said the government planned to raise P10 billion from the sale of the FTI property in Taguig City and P11 billion from the disposition of its shares in wholly-owned PNOC-Exploration.

The two assets were supposed to be privatized last year but were deferred due to the volatile market conditions brought about by the financial turmoil in the US.

“The sale has been hampered by poor market conditions and the legal consideration on the part of the property of FTI,” the finance chief said.

The government hopes to raise P30 billion from the sale of major assets this year. It raised P31.3 billion from the sale of big-ticket assets last year, down 65 percent from the record P90.6 billion raised in 2007.

The Philippines is staring at a wider budget deficit of P199.2 billion, or 2.5 percent of gross domestic product, this year from P177.2 billion after economic managers scaled down the GDP growth target to a range of 3.1 percent to 4.1 percent instead of 3.7 percent to 4.4 percent.

The administration of President Gloria Macapagal Arroyo has abandoned its commitment to accelerate the balancing of the budget last year as well as its original 2010 schedule under the Medium Term Philippine Development Plan due to adverse external developments.

The country’s budget deficit swelled to P68.1 billion, or 0.9 percent of GDP, from P12.4 billion or 0.2 percent of GDP as the GDP growth slackened to 4.6 percent from a 31-year high of 7.2 percent in 2007.

IslandSon.PH

April 24th, 2009, 04:59 AM

Any data bout this? have no info about the exact location in manila though..

METROPOLITAN BANK AND TRUST HEADQUARTERS
CORPORATE HEADQUARTERS
MANILA
ARCHITECTURAL SERVICES THROUGH
DESIGN DEVELOPMENT( Craig Nealy Architects)
180,000 GSF
STATUS: CONSTRUCTION DOCUMENTS PHASE

http://craignealy.com/website/components/image_metroban_1.jpg

METROPOLITAN PARK MASTERPLAN
MANILA
MASTERPLANNING SERVICES
1200,000 GSF

http://craignealy.com/website/components/image_metropar_2.jpg

bustero

April 24th, 2009, 05:40 AM

those look like old plans made by metro for their reclaimed property when they were planning to move to pasay, i think for now the thrust is the fort.

outspoke

April 25th, 2009, 05:47 PM

i'm not sure about this since this would be my second post (after the poll ones)...where can i post info of a fantasy skyscrapper. i'm not sure if i can post some here coz i can think of some super-tall skyscrappers and their info. would someone give me head-ups if i can post such here...or on some other threads. i bet everyone will be abuzz when i got to share some fantasy info on 1 particular fantasy skyscrapper :)

lightsaber46

April 27th, 2009, 03:28 AM

Eton bullish on H2 property outlook
By Zinnia B. Dela Peña Updated April 27, 2009 12:00 AM

MANILA, Philippines - Eton Properties Philippines Inc., the real estate arm of the Lucio Tan Group of Companies, is planning to launch two more residential projects in the third quarter as it painted a rosy picture for the second half of the year on renewed investor confidence.

Danilo Ignacio, Eton president and chief operating officer said sales have stepped up since last January and are expected to maintain steady growth for the rest of the year.

“We’re seeing good sales. Our January to July 2008 performance was good but sales dropped in July because of the subprime crisis. Worst month was December but sales have started to pick up in January this year, prompting us to launch West Wing and the West Tower of the 31-storey One Archers Place,” Ignacio said.

Ignacio said the company has a strong local market, with customers willing to give a higher downpayment amid a tough business environment.

With the continued recovery of the property market, Eton is considering building a residential subdivision on an 8.6-hectare property located in Fairview, and the third residential component of The Eton City in Sta. Rosa, Laguna.

“We’ll be offering lots and house and lots. For the Fairview project, the units will cost between P2 million and P3 million.

Over the long-term, the company is also studying the possibility of venturing into the tourism-related business.

Ignacio said the group has properties in Mactan, Cebu which can be converted into a hotel and beach resort.

“This could materialize after two or three years. We’re still monitoring developments. Nothing has been finalized yet,” Ignacio said.

Ignacio said sales take-up of West Wing Residences have been good since its launch. West Wing Residences is a 2.2-hectare American-inspired residential enclave located in Quezon City.

West Wing Residences offers two and three-bedroom townhouses starting from P2.8 million. For larger families, a single attached unit with four bedrooms offers more space to grow. Units start at P4.1 million.

Eton entered the Philippine real estate market in 2007 with the launch of several residential projects which include its 1,000-hectare township project in Sta. Rosa, Laguna named Eton City.

3cr

April 27th, 2009, 05:30 AM

Very nice indeed! Actually kinda looks similar to Shang's St.Francis project doesn't it, only better.
Hopefully it pushes through. Definitely another great addition/project in the BGC pipeline. :okay: :okay:

Federal Land's Project 66 at North Bonifacio:

project 66 was included in the 2009 edition of architecture@, a publication of bci asia. i was able to get a few scans of the images.

it was mentioned that it will have 2 phases: (1) the office building and (2) residential buildings. i'm guessing that the residential will come later on and perhaps be tackled by federal land.

here's the renders:

http://img4.imageshack.us/img4/5848/landmark66a.jpg

http://img4.imageshack.us/img4/9899/landmark66b.jpg

http://img25.imageshack.us/img25/3601/landmark66d.jpg

http://img4.imageshack.us/img4/1045/landmark66c.jpg

bustero

April 27th, 2009, 05:31 AM

there's a fantasy skyscraper thread in the main forum you can try there.

bulakenyo

April 27th, 2009, 06:26 AM

I saw Mayor Tinga being interviewed by NBN4 about new projects in Taguig. He mentioned something about a world-class stadium. He said they already broke ground for it. Sayang wala akong ma-google na render heheheh! Pero nasa Taguig City website na.

http://www.taguig.gov.ph/news.php?ID=146

HI-END HOUSING PROJECT, SPORTS COMPLEX TO RISE IN TAGUIG Tiñga celebrates birthday ‘breaking new grounds’

It was business as usual for Taguig Mayor Freddie R. Tinga on Tuesday, as he celebrated his birthday leading the groundbreaking of two construction projects that will further change the landscape of the city.

A twin-tower, high-rise condominium project, primarily intended as a housing program for city employees, and the Felino Marcelino Sr. Memorial Stadium will soon rise on separate government properties along Levi Mariano Ave. in Brgy. Ususan, Taguig City.

Mayor Tinga, who led city and barangay officials in laying the time capsule of the projects, said that with the construction of the twin tower "Sea and Sky Residences" condominium, the city will now be able to provide first-rate housing for government employees.

"This housing program gives opportunity for ordinary people like our city employees to experience what it feels like living in a high-end condominium unit at a very affordable cost. We believe that this gives a boost to their confidence and sense of worth," Tinga said.

The condominium project features two 26-story buildings that will house more than 720 units. It boasts of hotel and residential facilities, and high-class amenities, such as swimming pool, fitness gym, parking spaces and a 24-hour security, considered at par with high-end condominiums in the city.

More than 70% of the units will be sold exclusively to city employees, including city hall personnel, teachers, and police, at affordable prices and flexible payment terms. The rest will be open to the market.

Price of condominium unit starts at P680,000, which can be amortized for 25 years, through house financing institutions such as the Pag-ibig Fund, Social Security System (SSS), and Government Service Insurance System (GSIS).

On the other hand, the Felino Marcelino Sr. Memorial Stadium will be built on a 2.8-hectare property also in Brgy. Ususan. The stadium, which can hold up to 2,000 spectators, will feature separate baseball and football fields.

With the construction of the stadium and a proposed wakeboarding site in the lakeshore area, Taguig City is envisioned to be the country’s next sports destination, where local, national and even international sports tournaments will be held in the future.

3cr

April 27th, 2009, 05:19 PM

BCDA accepts Megaworld offer for North Boni lots
Written by Max V. de Leon / Reporter
Business World
Monday, 27 April 2009
http://www.businessmirror.com.ph/home/companies/9417-bcda-accepts-megaworld-offer-for-north-boni-lots.html

LISTED Megaworld Corp. now has the inside track for the acquisition of the 8.38-hectare North Bonifacio lots. This, after its unsolicited offer was accepted by the Bases Conversion and Development Authority (BCDA) for the joint-venture development of the property.

Aileen Zosa, BCDA vice president, said Megaworld submitted an unsolicited proposal last year and went through detail negotiations with the agency.

After this, Megaworld and BCDA signed a certification stating the following: that an agreement, subject to conditions, has been reached on the scope, terms and conditions, financial and technical aspects of the joint venture (JV); that Megaworld has been found to be eligible to enter into the proposed JV activity, and BCDA shall commence solicitation for comparative proposals.

Megaworld’s JV offer include the valuation of the North Bonifacio lots at P33,283.88 per square meter (sq.m.), and the mixed-use development of the property at a cost of P15.6 billion. The builder will also deposit P700 million as upfront partial payment.

Zosa said BCDA will be using the new JV guidelines issued by the National Economic and Development Authority (Neda) in May 2008 for the “Swiss challenge” of the Megaworld offer.

The BCDA, she said, will publish the notice of invitation to other interested proponents and will issue the terms of reference of the competitive challenge procedures, particularly the eligibility requirements starting April 29.

Zosa said other interested firms only need to improve the P33,283.88-per sq.m. offer of Megaworld. They can either match the P15.6-billion development cost that the listed company proposed or better it, but the determining factor is still the offer for the lots.

If there is a superior offer, Megaworld also has the right to match it and secure the contract. If Megaworld fails to match the offer, the competitive challenger will get the contract.

“At least we are now sure that disposition of the property will be market-driven and there is at least one proponent that is interested. We want to dispose the property within the year to show that there is still confidence in the economy,” she said.

Chinese developer Shimao Group also expressed interest for the North Bonifacio lots but its offer was inferior to the Megaworld proposal. Also Zosa said Neda has yet to issue the new JV guidelines when Shimao entered its unsolicited proposal in 2007.

“But Shimao is still welcome to participate in the competitive challenge,” she said.

Other firms that earlier expressed desire to acquire the property are Ayala Land Inc., Robinson Land Corp., SM Development Corp., and some foreign groups.

_________________________

BCDA eyes P4B from sale of Jusmag, North Boni lots
By Ayen Infante
Daily Tribune
04/28/2009
http://www.tribune.net.ph/business/20090428bus3.html

The Bases Conversion Development Authority (BCDA) expects to raise P4 billion from the sale of two major properties this year. BCDA president Narciso Abaya told reporters the biggest of the two properties to be offered for sale is the 35.5-hectare Jusmag area in the southern part of the Fort Bonifacio property. The other will be the 8.3-hectare North Bonifacio lots.

Abaya estimates that the average cost per square meter of the Jusmag property is P10,000 to P15,000 per square meter, while the North Bonifacio property is about P33,283.88 per sq. m. Both areas are under-developed.

Asked why the floor price for the North Bonifacio lot remained unchanged since it was last offered in the late 1990s, Abaya said “Had we disposed this before the worldwide financial crisis, we would still be asking for the same amount.”

BCDA’s share from the North Bonifacio sale will be about P700 million while it expects to get an P800 million share from the sale of the Jusmag property.

The rest of its earnings are savings from toll collections in SCTEX (Subic-Clark-Tarlac expressway), revenues from joint ventures, and sales proceeds from land dispositions.

Of the two major lots, BCDA has lined up the North Bonifacio lots carrying a minimum value of P2.7 billion.

Vice President for Business Development Aileen Zosa, in the same briefing, explained the process of sale to be followed will be through a competitive challenge mode or otherwise known as the “Swiss” challenge, following an unsolicited proposal submitted by one of the country’s top real estate developers.

This means that the bids should match the original offer placed earlier by Megaworld at P33,283.88 per sq. m, and Megaworld, on the other hand, has to better the offer coming from the top bidder to win the project.

“The subject of the competitive challenge will be present value of net cash inflows to BCDA amounting to P33,283.88 per sq. m which was set as minimum value of the property,” he said.

_______________________________

Ayala Land, Federal Land eye big Fort Bonifacio projects
By Ma. Elisa P. Osorio Updated
PhilStar
April 28, 2009 12:00 AM

MANILA, Philippines - Two local property giants Ayala Land Inc. and Federal Land Inc. have expressed interest to compete with developer MegaWorld for the development of an 8.38-hectare government property that is expected to bring in investments of up to P15.6 billion.

In a press conference, Bases Conversion Development Authority (BCDA) president and chief executive officer Narciso L. Abaya said they hope to dispose of two big Fort Bonifacio lots this year.

These are the 8.38-hectare property known as North Bonifacio Lots and a 35-hectare expanse that used to be occupied by the Joint United States Military Assistance Group (Jusmag). Of the two, Abaya said the Jusmag property is expected to bring in more revenues.

The minimum bid price for the North Bonifacio Lots is P2.789 billion while the minimum bid price for the Jusmag Lot is still undetermined.

For the North Bonifacio Lots, Andrew Tan’s Megaworld submitted an unsolicited proposal to buy the property for P33,283.88 per square meter, same as what Metro Pacific paid BCDA some years back for another property at Bonifacio.

The proposal of Megaworld will be used as the minimum bid price for the land which will now be up for a competitive challenge, better known as a Swiss challenge. Under the rules, BCDA can invite other developers to submit their own proposals. Megaworld has the right to match the proposal of other firms.

Abaya said Ayala Land and Federal Land have shown interest in developing the land. Likewise, BCDA said they will invite Chinese developer Shimao to bid. The Shimao Group initially showed interest in investing in the area.

Megaworld’s proposal for the North Bonifacio Lots is a mixed use development of more than 500,000 sqm of gross floor area and is predominantly residential. Investment commitments will reach at least P15.6 billion.

For the Jusmag lot, Abaya said Ayala Land has submitted an unsolicited proposal for the development of the area. He said Ayala submitted its project proposal last year.

However, they have not acted on the proposal because they are waiting for the master plan of the Jusmag property to be completed. Abaya refused to reveal the proposed investment of Ayala.

BCDA vice president for business development Aileen Zosa said the current market price of the Jusmag property is P10,000 to P15,000 per square meter. Zosa said they expect the market price to increase once the study is completed.

“By end of 2009, we would have disposed Jusmag,” Abaya said.

According to Abaya, the procedure for disposing Jusmag will be the same as the North Lots as per the guidelines released in May 2008 by the National Economic and Development Authority (NEDA).

MakatiBoy

April 27th, 2009, 06:29 PM

Kintoy

April 28th, 2009, 05:18 AM

SM Development projects are still enjoying brisk sales from "end-users" or buyers looking for their own homes, company executives said yesterday.
THE PROPERTY arm of the country’s richest man has bucked most property analysts’ bleak outlook after net income for the first quarter skyrocketed on higher residential sales and a more stable market condition.

Officials of Henry Sy-led SM Development Corp. told stockholders yesterday that the company earned a net income of P400 million from January to March, higher than the P14 million posted during the first quarter of 2007.

"Stable movement" in equities, wherein the property developer has a substantial investment, added to gains from residential sales, which demonstrated "strong growth," SM Development President Rogelio R. Cabuñag said.

"There was no major movement in our equity investment while there is continuous growth in our residential operations. We are quite optimistic that [the equities have] already reached their low levels and we do not expect further deterioration from our equity investments," he said.

In the first quarter of 2007, net profits of SM Development plunged to P14 million from P661 million the year before as equity investments nosedived due to weak market conditions.

In the first quarter of 2008, residential sales doubled to P3.2 billion, giving comfort to the company which has decided to launch more projects this year on top of new land acquisitions.

"The market is still there so we still keep developing [projects]. Most of our customers are local buyers and only a tenth are overseas buyers," Henry T. Sy, Jr., SM Development vice-chairman, said. "We expect more sales from the locals rather than the overseas Filipinos."

The company has set aside P7.2 billion for spending this year, higher than the P4.5 billion it spent last year.

SM Development will launch four projects worth P15 billion this year.

Princeton Residences is a 38-storey, one-building project that will house 1,156 units. The P1.5-billion project will rise in Quezon City and is expected to be completed two to three years from now.

Aside from Princeton, the company will also launch Jupiter Residences in Makati City. Jupiter Residences is a P7.2 billion project that will have six 40-storey buildings and 5,224 units. It is expected to be completed in 2013.

SM Development will also launch Tree Residences in Cainta, Rizal, a P2-billion project that will have eight 12-storey buildings and a total of 2,420 units. Also in the pipeline is the P4.3-billion Wind Residences in Tagaytay that will have several mid-rise buildings, which the company hopes will attract second-home buyers.

"There is still a huge demand for end-users who want to have their own houses. The company [still chose] to launch projects this year inspired mostly by the overwhelming demand for our projects," Mr. Cabuñag said.

Shares of the company were unchanged at P2.95 apiece yesterday. — K.J.R. Liu

BusinessWorld Online (http://www.bworldonline.com/BW042809/content.php?id=041)

rjekonomista

April 28th, 2009, 07:22 AM

Aside from Princeton, the company will also launch Jupiter Residences in Makati City. Jupiter Residences is a P7.2 billion project that will have six 40-storey buildings and 5,224 units. It is expected to be completed in 2013.[/URL]

This is the PLDT property, if I'm right. a 40-storey building is way above the zoning restrictions set in this area... but it seems SM is confident that the FAR restrictions here will be waived. hmmm. interesting to know what will Bel-Air residents have to say about this.

sloanesquare

April 28th, 2009, 11:01 AM

This is the PLDT property, if I'm right. a 40-storey building is way above the zoning restrictions set in this area... but it seems SM is confident that the FAR restrictions here will be waived. hmmm. interesting to know what will Bel-Air residents have to say about this.
Bel Air residents should be more concerned how long it takes to get out of their village with an extra 700+ units at their doorstep I noticed Bel Air 1 3 4 are getting an extra lane on paseo corner buendia..wow...

the Fort and Makati would benefit with better road links...the success of both cities means heavier traffic such that nowadays people stay either at Fort or makati for dinner and entertainment...SOMEONE FORGOT road infrastructure between these 2 cities and instead of synergy we have created individualism.. Mc Kinley road cannot handle any more traffic.peak hour in this 2km road already takes 40 minutes.

bustero

April 29th, 2009, 04:47 AM

I don't think SM will need to change the FAR here.Bel Air has actually been rezoned to FAR 4, it's the Barangay or more particularly the village association which is fighting the rezoning. I'm not even sure if this part of Barangay Bel Air to begin with.

The FAR 4(might even be 6 can't totally remember) for the 2 hectare property is a huge GFA , that's 80,000 sq.m. of buildable space. Even if they had 6 buildings that's 12K+ sq.m. per building. Remember that 40 stories does not mean 40 floors up of sellable space it can be 4 stories of basement plus a podium of 4 stories. If this was mostly parking then that's not counted in the GFA count. And they will surely need to make a lot of parking to sell the units. Even if the parking was just 1 parking slot is to 4 units which is low that's already over 1,000 slots or roughly 35,000 sq.m. of parking area needed to be built and this does not count to FAR. I.e. they may not need special permission since they will not need to go over the required density zoned for the area.

The road infrastructure for Makati and the Fort was studied. It's why a 900 m elevated roadway was built to link Buendia to 32nd st. The did want to do something about Mckinley but the Forbes residents were not supportive. Also remember at the time ALI was not that supportive of the fort itself as it was considered a threat to their interest, of course things have changed since they now control both areas.

In the end what they need for this area is actually to organize around density. Traffic will always be there as you can't expand the streets anymore, but you can make the whole thing more livable by increasing density which looks ironic at first but allows people to walk or use alternative transport e.g. bikes , walkalators etc. It's why Bel Air, San Lo and Urdaneta have been rezoned to mid density residential areas. IMO Forbes and Dasma should be included this will allow more people to live around the two cbds and have less need to drive. Put in alternatives for Mass transport like a BRT and this area can be very nice. If people still want to increase global warming by driving then let them sweat it out in traffic.

sloanesquare

April 29th, 2009, 07:03 AM

point taken on paragraph 4 except it should be noted even as early as 2004 when the Fort was still very much in cranes and uninhabited, the Kalayaan flyover to Buendia was already a 30 minute passage in a.m. and p.m. peak hour not because of the development at Fort but because it became the thoroughfare for C5 cars via Fort (which was incidental) to Makati (which again was incidental) on their way to Pasay/Manila area.

In other words the 2 most dynamic growth centres in Manila are continuously growing with limited opportunities for road infrastructure growth...and they will both grow regardless.

Result:
instead of synergy, we will stay in our own areas Fort or Makati or Rockwell...dare I say it again....a tram from Ayala-Buendia via Ayala via McKinley to Boni High Street.

Where fort has exceeded all other developments though is the number of exits to leave the city..after a major concert, the Fort can decongest very quickly.

rjekonomista

April 29th, 2009, 08:12 AM

^^i agree with what u said. a tram should be very helpful in any case. however, as bustero pointed out, BRT is also a viable solution for transport alternative. its less costly and it is actually planned for some time already. making this BRT a reality will take a lot less time than constructing a whole new tram railway. i hope they can beef up efforts to accomplish this.

sorry OT.:cheers:

sloanesquare

April 29th, 2009, 10:49 AM

when the Sydney CBD filled up, the next area of development was the North Sydney CBD which was successful because of the train commuter system.

One could argue that the reason for the lower Ortigas rents is because of the poor rail transport from Makati CBD to Ortigas. The train stops at Ortigas (ADB) and Boni (at Shang) and at Ayala (SM) do not address the issue of business commuters. I may be wrong, but why else does Ortigas continue to be at a substantial discount to Makati and Fort.

Ortigas Fort and Makati Ayala need to be linked. If there is one infrastructure project that ranks with the NLEX-SLEX link, its this one.

leechtat

May 1st, 2009, 04:27 AM

rumor rumours....

rumor has it that megaworld is having trouble with money, and they may be needing to get a large amount of loan, this i heard from a reliable source.. of course, this is something they can fix... defaults? hmm.. yet, i just can't believe it, but somehow it could be true, with all those projects....

also...

rumor has it that ALI is looking into the option of buying the ajinomoto property in c-5, near the grove at rockwell, or another big lot along the same side of c-5.. i am loving the competitive spirit...

sloanesquare

May 2nd, 2009, 05:18 AM

thomasian

May 2nd, 2009, 05:20 PM

Well of course it could be the same Megaworld. There can only be one Megaworld. :D

dunamis

May 2nd, 2009, 10:27 PM

Offering stocks is one way to be more liquid.

I think that they will need more cash for North Boni.

megaworld are having a 1:5 stock rights offer....does not mean they are in trouble..SM just issued bonds recently...

are you talking about the same megaworld in the swiss challenge for the boni lot?

leechtat

May 4th, 2009, 08:56 AM

megaworld are having a 1:5 stock rights offer....does not mean they are in trouble..SM just issued bonds recently...

are you talking about the same megaworld in the swiss challenge for the boni lot?

yes same company. i just heard that rumour of course, thus its here in this thread...

rjekonomista

May 4th, 2009, 11:09 AM

^^i think sloansquare is just being sarcastic :cheers: because obviously megaworld has deep pockets to even consider buying a lot from BCDA. but yes, there are claims that developers, not just megaworld, are facing, to some extent, difficulties.

leechtat

May 4th, 2009, 12:08 PM

^^ can you give us a hint rj... i know you know some insider info...

mala-charades... give us clues... :lol:

sloanesquare

May 5th, 2009, 05:42 AM

venntro

May 5th, 2009, 05:46 AM

i know. it was a rhetorical qeuery..megaworld shares up 16% today

MEG is just skyrocketing today. 18.31% up as of this writing. Looks like they are trying to make par (P1.00) just in time for the stock rights. Other property stocks like FLI and ALI are doing well as well.

rjekonomista

May 5th, 2009, 09:15 AM

^^ can you give us a hint rj... i know you know some insider info...

mala-charades... give us clues... :lol:

my knowledge is as good as anyone here. may marami pa kaung chismis na alam kesa sakin. hehehe

venntro

May 6th, 2009, 09:11 AM

Zuellig to construct 33-story green building (http://http://www.manilastandardtoday.com/?page=business6_may6_2009)

THE low-key Zuellig Group is building a 33-story office tower, the first green office tower in Makati, at the corner of Paseo de Roxas and Makati Avenue.

The corner property, used by Ayala Land for a long time as a car park, is right next to the Atrium and, across the street, the Mandarin hotel.

According to the grapevine, the Ayalas gave up the corner lot, with its commanding view of the park, in exchange for the present Zuellig building, a 60s-era low-rise along Buendia beside the Ayala-built Columns complex of residential condos.

No less than the Zuellig patriarch, Dr. Stephen Zuellig, made the announcement for the groundbreaking during a dinner Monday night at the Manila Polo Club to celebrate his 92nd birthday.

Many in the 250-plus audience-led by such names as former President Ramos, Jaime Zobel de Ayala, John Gokongwei, Oscar Lopez, Teresita Sy-Coson, Washington Sycip, and former Foreign Secretary Roberto R. Romulo (who, incidentally, is the chairman of the Zuellig Family Foundation)—were unaware that Zuellig, though Swiss, was not only born in Intramuros, in a hospital ran by St. Paul nuns, but that he still carries to this day his Philippine passport.

And, despite its Swiss name and multinational reach, the Zuellig Group is actually a homegrown Philippine company that, from a pre-war trading company, has been turned around into a pharmaceutical distribution and manufacturing concern with considerable real estate ventures around the region and in the United States.

The new headquarters, for instance, will cost the company P7 billion, according to Romulo.

venntro

May 6th, 2009, 09:11 AM

^^ What are the plans of Ayala for the old Zuellig property? Hmmm.

sloanesquare

May 6th, 2009, 11:01 AM

^^ What are the plans of Ayala for the old Zuellig property? Hmmm.
columns 3..makes sense...they want denser population for their glorietta/greenbelt...

of course if they would listen to me they would put a tram from here to intercon so that these people would not think twice if it was worth the effort...by tram 10 minutes and you're spending money at ayala commercial..

for heaven sake, there are already electric jeepeneys....put them on a track and whats that called.. a tram.

-TC-

May 6th, 2009, 03:34 PM

I noticed that the building near Burgundy Ayala and Tropical Hut in Buendia has been closed down. Any rumors here?

Old article... don't know final plans of Greenfield.

http://www.manilastandardtoday.com/?page=business5_aug4_2008

Cocktales
Manila Standard Today
August 4, 2008

Heard through the grapevine

UNILAB heir Jeffrey Campos, who is now in charge of the family’s extensive landholdings held by Greenfield Development Corp., plans to redevelop the crumbling Tropical Hut-Mercury Drug Store property on Buendia near the Ayala intersection into an upscale condotel.

-TC-

May 6th, 2009, 03:36 PM

There's a commercial building being demolished along Buendia Ave., beside Burgundy and near Makati Med. I asked the guard and he said that a commercial building (like a mall) will rise on the site and the owner is Greenfield.

Check out the old Manila Standard article of Victor Agustin below. No press release yet so I guess plans haven't been finalized by Greenfield.

http://www.manilastandardtoday.com/?page=business5_aug4_2008

Cocktales
Manila Standard Today
August 4, 2008

Heard through the grapevine

UNILAB heir Jeffrey Campos, who is now in charge of the family’s extensive landholdings held by Greenfield Development Corp., plans to redevelop the crumbling Tropical Hut-Mercury Drug Store property on Buendia near the Ayala intersection into an upscale condotel.

-TC-

May 6th, 2009, 04:32 PM

^^ What are the plans of Ayala for the old Zuellig property? Hmmm.

I previously posted a render of the proposed residential-commercial-educational complex for the Zuellig property somewhere here in the forum but I just hotlinked it (yeah I'm guilty as charged!) so now it is gone. Haha. :D This render accompanied an email survey that AIM (the educational component) had sent to us but which was later abandoned.

venntro

May 7th, 2009, 01:34 AM

^^ I do recall reading that hotlink but I don't recall the details of that. Anyway, let's see what Ayala has in store for that property.

venntro

May 7th, 2009, 01:39 AM

Just passed by the intersection of Makati Avenue and Kalayaan. There is some digging and crane activities on the corner lot directly across The Eaton and diagonally across the under construction St. Giles hotel. Anyone in the know? The lot is not big so I don't expect a high rise for this.

venntro

May 7th, 2009, 01:43 AM

^^ If the rumors are true then it will be a posh condotel. That's one prime location and that spot is really shouting for some upscale development.

RonnieR

May 7th, 2009, 05:01 AM

Mod: Is there a thread for Magnolia Residences? It's RLC project. They had an ad last Sunday...

http://i45.photobucket.com/albums/f94/bevepi/magnolia%20sets/DSCN2529.jpg

http://i45.photobucket.com/albums/f94/bevepi/magnolia%20sets/DSCN2528.jpg

http://i45.photobucket.com/albums/f94/bevepi/magnolia%20sets/DSCN2525.jpg
Plans to develop a master-planned gated community to what is now the Magnolia head office of Nestle Philippines is now underway as Robinsons Land Corp. (RLC) recently announced its purchase of the five-hectare prime property from San Miguel Properties, Inc. (SMPI).

The sprawling piece of land located in New Manila, Quezon City is bounded by three major roads, the bustling Aurora Boulevard, and the tranquil and secure residential access roads of Doña Hemady Avenue and N. Domingo Street. RLC plans to build a mixed-use complex consisting of residential condominiums and commercial complex.

Once developed, residents of the gated residential community will enjoy the convenience of living beside its very own mall and the comforts of being near exclusive schools like Saint Paul University, De La Salle University, Xavier School and Immaculate Concepcion Academy. The property is also very near well-known hospitals like St.Luke’s Medical Center and Cardinal Santos Medical Center. And since the area is bounded by Aurora Boulevard, commuting to and from end points of Manila and Quezon City will be a breeze through the LRT Line 2 station.

The project is envisioned to be the first high rise development in the area that will bring a new beat to traditional city living while at the same time embracing the tempo of the serene and secure neighborhood that is unique to New Manila’s upscale neighborhood.

Recently, RLC commissioned RTKL, an internationally renowned master-planner, to draft the conceptual drawings for the whole complex while ASYA Design Partners, another reputable design firm, has been tasked to create designs for the residential component of the development.

flip2_0

May 7th, 2009, 05:05 AM

Mod: Is there a thread for Magnolia Residences? It's RLC project. They had an ad last Sunday...

You left a comment there less than 10 minutes ago... kidding! :lol:

RonnieR

May 7th, 2009, 05:16 AM

You left a comment there less than 10 minutes ago... kidding! :lol:

Comment where? I'm not kidding.

Shazzam

May 7th, 2009, 05:49 AM

Magnolia Residences is different from Magnolia Place (by DMCI).

RonnieR

May 7th, 2009, 06:26 AM

You left a comment there less than 10 minutes ago... kidding! :lol:

Magnolia Residences is different from Magnolia Place (by DMCI).

Ah, now I know what he's referring to: flip2 thought that Magnolia Residences and Magnolia Place are the same. Well, some people are just """""".

venntro

May 7th, 2009, 06:48 AM

Mod: Is there a thread for Magnolia Residences?

^^ Yes there is already one. bevepi already posted the very same ad in the thread last April 27. Here's the link to the thread:
http://www.skyscrapercity.com/showthread.php?t=785424

RonnieR

May 7th, 2009, 07:00 AM

^^ Yes there is already one. bevepi already posted the very same ad in the thread last April 27. Here's the link to the thread:
http://www.skyscrapercity.com/showthread.php?t=785424

Thanks venntro

venntro

May 13th, 2009, 02:38 AM

Passed by the corner of Paseo and Buendia on the side of the Urdaneta Village and they are putting a fence there. It's across the RJ parking area, Any news on this site?

RonnieR

May 13th, 2009, 05:20 AM

Passed by the corner of Paseo and Buendia on the side of the Urdaneta Village and they are putting a fence there. It's across the RJ parking area, Any news on this site?

Is this the fenced property?

venntro

May 13th, 2009, 08:18 AM

Is this the fenced property?

It's A fenced property but I don't know if you're referring to a specific fenced property.

Kintoy

May 13th, 2009, 03:53 PM

SMPI readies P3-B Mkti high-rise apartment

Written by Honey Madrilejos-Reyes (http://businessmirror.com.ph/home/companies/10238-smpi-readies-p3-b-mkti-high-rise-apartment.html) / Reporter
WEDNESDAY, 13 MAY 2009 19:26

San Miguel Properties, Inc. (SMPI), the property unit of San Miguel Corp. (SMIC), is readying the construction of a P3-billion, high-rise service apartment project in Makati City.

The project is a joint venture between SMC and the state pension fund Government Service Insurance System.

Alan Cruz, head for real estate development, said more than 30-storey property project will break ground in the fourth quarter of this year and is targeted for occupancy after three years.

The project is in joint venture with the state-owned pension fund GSIS, which contributes the land.

Cruz said SMPI will be expecting recurring income from the project since it will be offered to clients for lease. The building will have 424 studio, one-bedroom and two-bedroom units.

SMPI will also start planning for the development of its 30-hectare property in Boracay Island.

“We might do a residential condominium there,” said Cruz, adding that the property could fetch in an encouraging clientele base since the property is adjacent to the newly opened Shangri-La Hotel Boracay.

Ang is upbeat of SMPI’s financial condition despite the lingering economic slowdown.

“We are cautious about our prospects for growth. We are prepared for the worst even as we continuously look for ways to make our products more attractive to our customers and maximize shareholder value,” he said.

Meanwhile, SMC said it expects to finalize before the year ends the sale of its shares in overseas beer business to San Miguel Brewery, Inc. (SMB), its president Ramon S. Ang told reporters on Wednesday.

The sale by SMC of its foreign units to SMB is part of the share and purchase agreement SMC entered into with Japan’s Kirin Holdings for the latter’s purchase of a 43.25 percent stake in SMB, SMC’s listed beer unit.

With the additional of acquisitions of SMB shares from the public, Kirin’s ownership in SMB has increased to 48.25 percent but SMC still keeps the controlling stake of 51 percent.

Saying it makes sense for all the beer operations of the parent firm to be under SMB, Ang said the sale will raise proceeds of $600 million to $700 million for SMC.

SMC said it will use the money to bankroll its planned acquisitions and organic growth and debt payments.

RonnieR

May 14th, 2009, 09:45 AM

^^ wow, new project. Kintoy, thanks for posting photos in Wow Manila thread. :)

Bosnyboy

May 16th, 2009, 07:33 AM

Heres my little contribution to this thread. Rumor is megaworld is planning to build a three tower condo bldg in manila. Location would be in the island in the middle of the pasig river. Location currently being occupied by hospicio de san jose. I would assume based on what megaworld previously did with its other project in manila is they would build a new facility for the orphanage. If the project pushes thru then this would be the first project i believe that would be located in an island surrounded by water. Btw this project is just a spit throw away from the palace

terman1718

May 16th, 2009, 09:11 AM

They're going to build a "GREEN" building there! Very exciting and appropriate in these times! :-)

RonnieR

May 17th, 2009, 03:10 AM

MOD: Can we post the pics under construction in Globe building? Thanks.

Do we have a thread for La Breza Tower? I saw an ad yesterday, 5/16, in Philippine Star. I also found this in the net.
http://labrezatower.com/project-proponents.html
http://labrezatower.com/images/labrezatower.jpg

http://labrezatower.com/images/labrezamap-sml.jpg

terman1718

May 22nd, 2009, 01:52 PM

TennisViewer

May 22nd, 2009, 04:05 PM

Well it's nice to know that there are still projects being made despite the global crisis! :)

TennisViewer

May 22nd, 2009, 04:06 PM

$3 billion high rise apartment? Wonder how much rental cost each unit would be...

mambo

May 27th, 2009, 05:05 PM

^^its only 3 billion pesos my dear

Aziza1121

May 28th, 2009, 06:31 PM

Jarenz

May 29th, 2009, 10:01 PM

Bosnyboy

June 12th, 2009, 06:23 AM

Hi wonder if anyone can post pictures of this project i saw in a flyer. The project consists of a cluster of high rise residential buildings. Location would be near manila cityhall and sm manila. Developer is Suntrust (i think is owned by manny villar). From the flyer it looks like the project would use several hectares. If this pushes thru along with the planned multi hi rise condos of megaworld on the former site of hospicio san jose, that would make the area very dense.

Bosnyboy

June 12th, 2009, 06:25 AM

Also i notice the smoke stacks of the former manila thermal plant also in ermita is being torn down, wonder who bought the lot and what project would be put up. The area looks like more than 2 hectares easy. Located also along the bank of the pasig river.

adgaps

June 13th, 2009, 09:33 AM

pushstars

June 15th, 2009, 07:09 AM

Suntrust is owned by Andrew Tan. Subsidiary of Empire East

Bosnyboy

June 15th, 2009, 10:17 AM

http://suntrust-parkview.webs.com

WHY SUNTRUST PARKVIEW?

First of all, Suntrust Parkview is strategically located at the heart of Manila, along Concepcion Street, Ermita, Manila.

Aside from its perfect location, you may also take advantage of the fine and state of the art features and amenities Suntrust Parkview offers:

Typical Residential Features:

* Individual electric and water sub-meters
* Provision for telephone lines / cable TV line
* Individual Condominium Certificate of Title (CCT)

Ground Floor:

* Residential lobby with reception and lounge area
* Three high-speed, interior finished passenger elevators for four towers and two for the remaining two towers
* Mail room for each cluster
* Individual mail boxes with keys

Recreational Amenities / Facilities:

* Swimming pool and kiddie pool
* Paved sunbathing / pool deck
* Changing rooms
* Children's playground
* Boardwalk with barbeque pit
* Palm Court
* Fitness gym
* Business Center
* Meditation area
* Courtyard
* Jogging Path
* Trellised sitting area
* Plaza / mini gazebo
* Outdoor Fitness station
* Open parking

Building Facilities / Services

* Automatic Fire Sprinkler system for all units
* Overhead water tank and underground cistern for ample water supply
* Building Administration
* Multi-level parking

In a Nutshell, the following features are the reasons why YOU should invest in Suntrust Parkview:

* Six-tower gated community along Concepcion Street in Ermita, Manila
* Steps away from the LRT-1 Central Station and the Pasig River ferry station by the Quezon Bridge
* Executive studio units and one-to-three bedroom homes with views of the Manila City Hall clock tower and Intramuros
* Ground-level play area with swimming pool complex, pool deck, jogging path, outdoor fitness station, children's playground, meditation area, landscaped courtyard, plaza, dry pond and boardwalk
* Only a five-minute stroll from Manila City Hall
* Near SM City Manila, the cultural attractions in Intramuros and the Malate leisure district
* A short commute away from Philippine Normal University, Adamson University, Colegio de San Juan de Letran, Lyceum of the Philippines, San Beda College, and University of the East

**************
This is a new development right across SM Manila. Lots belongs to boy scout of the philippines head quarters. Project consists of several buildings with amenities. Theres a picture of the development, i just duno how to post pics here.

venntro

June 21st, 2009, 02:58 AM

Megaworld still expecting higher profits

Andrew L. Tan-led property company Megaworld Corp. expects lower reservation sales this year but remains optimistic that it will close the year with higher profits.

"We feel some effect of the global crisis but we are confident that we will meet our P4 billion net income target this year," Megaworld Executive Director Kingson U. Sian told reporters at the sidelines of the company’s stockholders meeting on Friday. The P4-billion target is higher than the P3.8 billion in profits posted in 2008.

Mr. Sian however said Megaworld does not expect a repeat of last year’s reservation sales performance because of the economic slowdown, but sees the company equalling its 2007 sales.

"Last year was the best year in our over 20-year history. Reservation sales will likely be slower this year as people are nervous and tend to hold back a bit," he said. "Still, we are quite happy with the rate that we are going now and we will likely meet or exceed our reservation sales in 2007 which is another record year."

Megaworld’s reservation sales hit P24 billion last year, higher than the P19 billion posted in 2007. For the first three months of the year, Megaworld’s reservations stood at P7 billion, already higher than the P5 billion posted in 2007.

Megaworld plans to spend around P8 billion to P9 billion for projects this year, lower than the P10 billion spent last year. It also plans to launch five new residential projects worth P12 billion, namely Two Central in Makati City, another project in Eastwood City, Palmtree in Newport, and phase two of The Venice and Morgan Suites in Taguig’s Fort Bonifacio.

Mr. Sian also said Megaworld is finalizing plans for its 40-hectare project at the entertainment complex being built by the state gambling monopoly, and is already completing a plan to build an "iconic building" on a five-hectare lot at Paseo de Roxas in Makati.

Megaworld will also build two new Richmonde Hotels in Quezon City’s Eastwood commercial center and in Binondo, Manila. The company already has one in Ortigas.

The Richmonde Hotel in Eastwood will have 150 to 175 rooms and is expected to open next year while plans for the Manila-based Richmonde have yet to be finished. Mr. Sian said the project cost for each room in Richmonde would be around $70,000.

Aside from Richmonde, Megaworld, through unit Travellers International Hotel Group, Inc., will also venture into budget hotels. This will be under the Remington brand, with up to 800 rooms.

"We are already finalizing the design and hope to complete it this year. By end of next year or early 2011, we expect it to be complete," he said.

Megaworld is among the many property companies that have started venturing into "economic"-type hotels to take advantage of high demand. The SM group has already launched its SM Inns while the Gokongweis are expected to open their first Go Hotels next year.

Mr. Sian said Remington would be built along with its other high-end hotels — six-star Maxim and Marriott located near the Ninoy Aquino International Airport.

"We want to target all segments of the market," Mr. Sian said. Shares in Megaworld closed at P1 per share on Friday, 0.64% lower.

venntro

June 21st, 2009, 03:00 AM

^^ Anyone knows where exactly along Paseo de Roxas is this proposed 5 hectare ICONIC structure will be located?

johnmizer

June 21st, 2009, 03:35 AM

uhm define iconic

thomasian

June 21st, 2009, 07:23 PM

^^ Anyone knows where exactly along Paseo de Roxas is this proposed 5 hectare ICONIC structure will be located?

5-hectare lot along Paseo de Roxas? As far as I know, only the Ayala Triangle has a space that big along that road.

venntro

June 22nd, 2009, 01:39 AM

5-hectare lot along Paseo de Roxas? As far as I know, only the Ayala Triangle has a space that big along that road.

That's why that press release of Megaworld got me thinking. Apart from the Ayala triangle, there seems to be no vacant 5 hectare lot along Paseo. Even the RJ Jacinto lot is just 8,000 sqm. But if the press release is really accurate then the lot may not be a vacant lot but maybe currently occupied by buildings and they will demolish it to give way to the "iconic" building.

Eaton Square

June 22nd, 2009, 11:44 PM

That's why that press release of Megaworld got me thinking. Apart from the Ayala triangle, there seems to be no vacant 5 hectare lot along Paseo. Even the RJ Jacinto lot is just 8,000 sqm. But if the press release is really accurate then the lot may not be a vacant lot but maybe currently occupied by buildings and they will demolish it to give way to the "iconic" building.

i think that the corner lot on paseo de roxas (across the psb buidling) where the old ibm building stands is owned by megaworld. it could be the site of their iconic building.

bustero

June 23rd, 2009, 04:14 AM

leechtat

June 23rd, 2009, 06:39 AM

rumors rumours...

alveo, ali upscale brand, will have another project after senta...

we previously thought that it was going to be built at the zuellig property, adjacent to the tcaa project...

now they are saying that the new alveo condo will be located at either of these locations... (marked in the naruto spiral)

http://img196.imageshack.us/img196/6828/newalveoproj.jpg

chesterot

June 23rd, 2009, 06:48 AM

^^if this is indeed true, the level parking location seems more feasible. another TOD on the horizon. but then again, i thought it's an upscale brand/project....can they go together? hmmmm.

thomasian

June 23rd, 2009, 12:33 PM

^^ Why not? It's Alveo anyway, not Ayala Land Premier.

venntro

June 24th, 2009, 03:12 AM

^^ that's probably more like it as it's 5000 sq.m.s roughly.

of course it could just be typo or the Megaworld and ALI have decided to do a project together (unlikely IMO).

Of course the other question is : anong time frame?

As it is, most likely the press release is not accurate and instead of 5 hectares, it should have referred to 5,000sqm instead.

bustero

June 24th, 2009, 05:30 AM

hopefully we see renders soon!

venntro

June 24th, 2009, 06:11 AM

hopefully we see renders soon!

^^ Am pretty sure once the renders are out, the next debate for SSC is whether it is indeed ICONIC or not. :lol:

allan_dude

June 25th, 2009, 01:37 AM

Shang Properties seeks partners to develop Makati, Bonifacio properties

RUBY ANNE M. RUBIO, GMANews.TV

MANILA, Philippines - Shang Properties, Inc. is on a lookout for partners that may be interested in helping develop its properties in Makati, Fort Bonifacio, Cavite, Tagaytay, and Batangas.

However, president and chief executive Andres D. Bautista said the development is unlikely to happen this year.

The company is on the alert for “good opportunities" for some 474.74 hectares of undeveloped land, Bautista told GMANews.TV.

These include a one-hectare property in Malugay, Makati; a 1,348-square meter Fort Bonifacio lot in front of Pacific Plaza Tower; a 20-hectare land in Cavite; a 53.6-hectare property in Tagaytay; and 400-hectare property in Mabini, Batangas.

The company is open to developing these properties through a joint venture although it can improve these lots by itself, Bautista said.

“We are always on the lookout for prospects for joint venture opportunities," Bautista said after the annual stockholders’ meeting. “I don't think it is not within the plans of 2009 but we try to be flexible all the time."

Shang Properties is the product of a merger between EDSA Properties Holdings, Inc. and Kuok Philippine Properties, Inc.

Among its projects are The St. Francis Shangri-La Place, Shangri-La Plaza, KSA Realty Corp., The Shang Grand Tower, and Shang Residences at the Fort.

As of 2008, Shang Properties sold a total of 952 units in The St. Francis Shangri-La Place amounting to P4.91 billion since its launching in November 2005.

The 60-storey project is considered to be the tallest residential building in the country.

"We expect all units will be handed over by the end of the year," he said.

The property has excavated 99 percent of the luxury hotel and residential project in Bonifacio Global City, he added.

"We are still tinkering with the design. We will be building an iconic development something the Philippines will be proud of," he added.

Shares of Shang Properties Inc. remained unchanged at P1.36 apiece during Wednesday's trading at the Philippine Stock Exchange. - GMANews.TV

http://www.gmanews.tv/story/165761/Shang-Properties-seeks-partners-to-develop-Makati-Bonifacio-properties

bustero

June 25th, 2009, 05:47 AM

ayun mahilig na gamitin iyung "iconic design" sana naman talagang iconic!

RonnieR

June 25th, 2009, 08:04 AM

Anchor Land to launch 55-story building

By Doris Dumlao
Philippine Daily Inquirer
First Posted 23:01:00 06/24/2009

Filed Under: Real Estate

MANILA, Philippines - High-end condomimium developer Anchor Land Holdings Inc. will launch before the end of the year a 55-story luxury residential building in Binondo, which is envisioned to become the tallest skyscraper in the whole of Chinatown.

The project is expected to cost P3 billion.

Aside from flagship project Anchor Sky Suites, the publicly listed residential property developer is investing about P300 million (including land acquisition) in a new commercial property venture called One Shopping Center in Kapitan Ambo Street, Baclaran. This project is expected to open to the public with 10,000 square meters of general merchandising space in nine months.

“We start to enter into a new segment which is for commercial center. This will be more of a wholesale center in Baclaran,” Anchor Land vice chair Steve Li said in a recent briefing. “We try to somehow diversify. This is something we think will contribute to recurring income.”

Anchor Land is now finalizing plans for the construction of Anchor Sky Suites on a 3,000-square-meter lot in Ongpin and is targeting to start the pre-selling before the end of the year.

The new building will have 330 units ranging from two- to five-bedroom units and even loft and suite units. The two-bedroom units will have 95 square meters of floor space and the five-bedroom units with 250 square meters.

terman1718

July 8th, 2009, 03:50 PM

I know this is a little off-topic, but its very interesting indeed to know that Pacquiao supposedly got rewarded by San Miguel with a 3,000 sqm property inside Dasmarinas Village in Makati! Is it true?

You can read more of it at http://www.realestatephilippinesblog.com/smb-gives-manny-pacquiao-a-dasmarinas-village-makati-house/

bustero

July 9th, 2009, 05:17 AM

Well he could easily buy one don't know if there are any tax benefits to paying him in this manner for his endorsement.

bledzoe

July 14th, 2009, 04:03 PM

does anyone knows who are spearheading the ongoing the construction in the once abandoned tower in Gilmore near Nestle? the one with a makeshift steel bridge going into the building's first floor.

wynngd

July 20th, 2009, 10:17 AM

Athletes of the University of Santo Tomas (UST) will finally have state-of-the-art training facilities which will further boost their bid to extend their domination of the University Athletics Association of the Philippines (UAAP). UST has won the UAAP General Championship for the last 11 years, with an overall tally of 36 general championships.

MANILA - Finally, a sports complex fit for champions.

Construction has begun for the nearly P800-million UST Sports Complex after the Vatican gave its “blessing” to the project, which the university aims to complete in time for its quadricentennial celebration in 2011.

University officials sought the Holy See’s approval early this year to avoid a repeat of the 2007 cancellation of the P3-billion project to redevelop the UST Hospital.

The Dominican hierarchy had found the project to be in violation of ecclesiastical law. UST is a Pontifical university, directly under the supervision of the Pope.

In a letter dated April 20, Undersecretary Fr. Sebastiano Paciolla, O.P. of the Congregation for Institutes of Consecrated Life and Societies of Apostolic Life under the Holy See, said there was no need for Vatican clearance since the amount required to build the four-storey gym -- P788,676,000 -- was below the ceiling set by the Catholic Bishops’ Conference of the Philippines.

“The cost of [investment for the gym] is met from the internal resources of the University, and thus does not adversely affect its patrimonial situation,” Paciolla stated. “Neither does the project involve any mortgage, lien, loan, renting or leasing in the sense of ‘alienation.’”

The letter was in response to the request for approval sent to the Vatican by Fr. Roberto Ombres, O.P., procurator of the Order of Preachers, on behalf of Dominican Master General Fr. Carlos Azpiroz Costa, O.P. last March.

Michael Malicsi, executive assistant to the Rector, said the letter was some sort of a “clearance” from the Holy See, noting the scrapping of the project to build a 19-storey hospital tower nearly two years ago.

The Dominican Master General had found the P3-billion loan from a syndicate of banks too big and declared the hospital’s separation from the university illegal, citing Canon Law. This led to a sudden leadership shake-up that saw the resignations of then rector Fr. Ernesto Arceo, O.P., and two others.

The proposed sports complex, designed by architects Jose Pedro Recio and Carmelo Rosas, will cover the entire land area occupied by the Engineering sports complex and an adjacent football field.

The gym will be converted into an alumni center.

The 65.98 x 76-square-meter structure will house training areas for gymnastics, aerobics, taekwondo, judo, table tennis, fencing, and badminton at the ground floor.

It will also include a guidance and counseling office, ticket counter, museum, canteen concessionaire, offices of the College of Rehabilitation Sciences, fitness room, and a dance hall for the Salinggawi Dance Troupe.

The main basketball court, surrounded by bleachers rising up to the fourth floor of the building, will be at the center of the second floor, while an indoor track will be built on the third floor.

The rooms in the sports complex will also be equipped with sound-proof technology to minimize noise. Charizze L. Abulencia and Mary Athena D. de Paz, UST Correspondents

Planning Democracy

July 24th, 2009, 09:07 AM

This is no rumor. SM Development Corp bought the Grand Inihaw property in Welcome Rotonda, QC. Because wala pang official name, I call it Welcome Residences. :) It will cater those apartment tenants and students since tapat lang siya ng UDMC.

Oh no, wala na yung Grand Inihaw? :lol:

Aren't there building restrictions around the rotunda? I suggest they just bulldoze the rotunda if they're just gonna build high rise condos around it, besides the radius is too small to accommodate the number of vehicles using it.

Bosnyboy

July 27th, 2009, 06:44 AM

Baka savemore supermarket ang gagain ng sm dun coz the grand inihaw lot is small.

venntro

August 4th, 2009, 03:02 AM

Reposting here:

http://www.palafoxoutsourcing.com/uploads/photos/146_big.jpg

Taguig Sports Center, Philippines

No details yet.:cheers:

lancetrn

August 4th, 2009, 04:27 AM

New Manila as next Eastwood

THE whole block of what used to be the Pepsi and Magnolia properties in New Manila is slowly transforming itself into the new residential version of Libis’ Eastwood.

But, instead of an Andrew Tan single-handidly transforming a shuttered textile complex in Libis, into an office-residential-shopping enclave, a triumvirate of taipan John Gokongwei, Senate President Manuel Villar and Philrealty’s Gerardo Lanuza Jr. have divided among themselves the former factory block bounded by Aurora Boulevard, N. Domingo, Balete Drive and Dona M. Hemady.

Gokongwei won the bidding for the former Magnolia compound, almost half of the block, where the taipan intends to build a residential condo and mall complex.

Villar, on the other hand, acquired the Aurora half of the former Pepsi Cola factory, apparently as a foreclosed asset from Metrobank.

Philrealty, the first of the three but whose pioneering Andrea Towers had fallen victim to the Asian currency crisis, has managed to set aside P1 billion in cash after a difficult restructuring to finally finish the first of the three towers, if the industry grapevine is to be believed, by this time next year.

Nearly 500 workers are now working two-shifts a day on the first Andrea Tower—inspired by the company’s Alexandria Towers in Ortigas—so Lanuza and Philrealty could finally deliver to their buyers and redeem their good names.

Unlike Libis and other C-5 side developments, the Gokongwei-Villar-Lanuza developments have the advantage of a light-rail connection—it is right smack between two LRT stations—and also being next-door neighbor to an existing quality school, St. Paul’s College.

Their buildings will also overlook the tree-fringed San Juan reservoir, right across N. Domingo, which should not only prove to be good feng shui but also a relaxing sight, a rare commodity in the increasingly congested Metro Manila.

http://www.manilastandardtoday.com/?page=business6_aug3_2009

xandro

August 8th, 2009, 06:51 AM

a former officemate of mine who works in rcbc told be that they're doing some work on the unfinished jaka building. she saw some work being done yesterday in the unfinished building with the primer on the rebars changed and some of the boards removed.

can anyone confirm if they're resurrecting this project? thanks.

Maxxclip

August 8th, 2009, 07:00 AM

^^if this is true, mawawala na ang eyesore sa Ayala Ave.:D

Aziza1121

August 8th, 2009, 07:24 AM

Baka savemore supermarket ang gagain ng sm dun coz the grand inihaw lot is small.

It's now officially named, SUN Residences.

manila_eye

August 8th, 2009, 08:16 AM

lancetrn

August 10th, 2009, 02:40 AM

Office complex to rise around Cultural Center

THE plan of the Cultural Center of the Philippines to build a commercial complex around the main theater has attracted the interest of taipan Andrew Gotianun.

Filinvest Land Inc., the listed real estate arm of the Gotianun family, yesterday disclosed its interest in the redevelopment of the 62-hectare property, which is empty and being used mainly as a parking lot.

Filinvest Land told the Philippine Stock Exchange that it had been pre-qualified to participate in the bidding to turn the CCP complex into “a center for business and economic activity with arts and culture as a focal point.”

Nini Bactad, CCP consultant for the redevelopment, said the redevelopment called for the conversion of empty spaces into “cultural buildings and commercial establishments.”

“Our agreement with the developers is that there should be a 50-50 allotment, “ Bactad said.

“Half of the property would be maintained as open spaces.

“We do not want to obscure the view of Manila Bay, and that is why we want that half of the property to be open.”

http://www.manilastandardtoday.com/insideNews.htm?f=2009/august/8/news5.isx&d=2009/august/8

leechtat

August 12th, 2009, 02:53 PM

gossip gossip...

get this... rumor has it that ali has approved budgeting and planning for 4 more upcoming projects of their most lucrative brand - alveo..

1 - the project beside tcaa, which will be a 3-tower development with retail component at the zuellig property will launch next year...

2 - the new village inside NUVALI will be Vesta... it is the next offering of alveo after TREVEIA.

3 - the new serendra-type project in the fort or in pasig? possibly called Meranti or Muranti? this i have no concrete details yet.

4 - the dela rosa condo will rise soon after the launch of the zuellig condo....

this revitalized activity of ali in makati is more for the cutthroat competition between SM, megaworld and ALI in makati... which as we may have noticed, these developers are launching heavy projects all around makati.. the battle of the 3 property giants? exciting..

Kintoy

August 12th, 2009, 02:57 PM

It's now officially named, SUN Residences.

i can confirm this too, my agent told me about the new project this afternoon lang

3cr

August 13th, 2009, 03:52 AM

Height a problem for proposed structures at Pagcor City
Written by Recto Mercene / Reporter
Business Mirror
Thursday, 13 August 2009
http://www.businessmirror.com.ph/home/economy/14503-height-limit-a-problem-for-proposed-structures-at-pagcor-city.html

THE Civil Aviation Authority of the Philippines (CAAP) is in discussion with officials of the Philippine Amusement and Gaming Corp. (Pagcor) over a decision to approve or turn down plans to construct a 300-meter-tall Pagcor Tower, piercing the sky over the reclaimed Manila Bay.

Plans are also afoot to construct a huge Ferries wheel, modeled after the London Eye, which would be about 135 meters tall. Both structures would be the centerpiece of the proposed Pagcor City.

The tower will have two globular designs along its length to house restaurants and viewing decks where visitors could have a commanding view of Metro Manila all the way to the foothills of Antipolo.

The full name of Pagcor City is Bagong Nayong Pilipino-Manila Bay Integrated City, after the miniaturized Philippine villages have been uprooted from its home at the Ninoy Aquino International Airport (Naia) compound to merge with the Pagcor complex.

The whole complex is a Las Vegas-type gaming and entertainment center that would soon dominate the 8 square kilometer of reclaimed land in Manila Bay, adjacent to the Mall of Asia.

The project is expected to include between $15 billion and $20 billion of investments spread over three phases.

However, Pagcor City lies within the 5-kilometer radius of the Naia, where the height of infrastructure is regulated by the CAAP. Within this radius, height of buildings is limited to 56 meters.

This regulation is aimed to protect the air traveling public, either from airplane colliding with the tall tower or any man-made edifice. Most often the infrastructure themselves become sort of an obstruction, preventing the radio signals coming from the Naia instruments landing system to be properly received by airplanes, disorienting pilots, according to the CAAP.

That is why most buildings surrounding the Naia compound, within that critical 5-mile radius are limited in height up to a maximum of 56 meters.

The same height limitations of man-made infrastructure are imposed in the provinces adjacent to airports.

The BusinessMirror gathered that hotels, state-of-the-art theaters, gaming centers and residential villages, condominium and hospitals that are integral parts of Pagcor City would have an average height of 100 meters.

This problem is now confronting Pagcor developers, not having seen in advance the limitation imposed by aviation authorities before they committed to breaking the ground on the new city by the bay that would have rivaled the gambling entertainment mecca Las Vegas.

CAAP sources said they might compromise and allow the 100-meter-tall infrastructure such as the condominium and hotels to proceed with the construction.

However, the green signal for the Pagcor Tower and the “Manila Eye” Ferris wheel are being held in abeyance.

The Pagcor City complex will be built in three phases on 800 hectares of reclaimed land. The first phase will host a hotel-resort and theme park. The next two phases will have retirement villages and entertainment centers.

CAAP Director General Ruben Ciron said he had been updated on the project and attending to problems, consulting with his men to find a solution so that the multibillion peso project could proceed as planned.

He has yet to hand down a decision.

“These tall projects of Pagcor could be built in the reclaimed land and become the centerpiece of the gambling city if the Naia runway complex and the airport itself would be relocated instead,” according to one observer.

There have been suggestions to move the whole Naia complex to the Diosdado Macapagal International Airport in the former military base in Clark, Pampanga.

That move could be viable if the Naia complex, Makati and The Fort in Taguig could be connected to Clark by a high-speed “bullet train” like the one connecting Central Tokyo to Narita Airport, about an hour away by the famous Shenkanshen trains of Japan.

A top official of the CAAP said the 300-meter tower and Manila Eye could be completed if they are located either in Navotas, Calamba or Santa Rosa, Laguna, a distance of about 25 kilometers from the Naia, but definitely not at the present proposed site in Manila Bay.

dunamis

August 13th, 2009, 10:25 AM

Good insight. Malapit nga naman sa airport. And we don't need any accidents arising from any violation of the height of the buildings.

bustero

August 17th, 2009, 08:07 AM

This thread used to be so alive, the most active in the forum, now it's pretty dead. Will try revive it with more current announcements on developments. Here's on on the North Boni which is besides the Metrobank parcel. If Robinson's gets it I'm quite interested to see how they will do their take on it. Perhaps we'll see a JG Summit tower 2 or a Cebu Pacific Plaza ! :)

Monday, August 17, 2009 | MANILA, PHILIPPINES
Today’s Headlines

BY DON GIL K. CARREON, Reporter
Robinsons Land challenges Megaworld for Fort Boni lot

GOKONGWEI-LED Robinsons Land, Corp. has challenged Megaworld Corp.’s unsolicited proposal to develop an 8.38-hectare military lot in Taguig, offering a higher price which the Andrew Tan-led firm can still match.

Bases Conversion and Development Authority (BCDA) Vice-President Aileen R. Zosa said Robinsons Land was the only firm to submit tender documents among three firms earlier found eligible to challenge Megaworld’s P2.79-billion bid.

"We confirm that [Robinsons Land] has the higher price than Megaworld’s," she said, adding that "Robinsons was the only one that submitted a challenge proposal."

Robinsons Land, in a statement, said its offer to develop the property into a mixed-use complex was worth P3.15 billion.

"The tender documents by Robinsons Land were submitted only by 12 noon on Friday ... We are still verifying their proposal so I don’t want to preempt the board about the results of the verification process," she said.

The BCDA in June announced that Ayala Land, Inc., Filinvest Land, Inc., and Robinsons Land were qualified to compete with Megaworld. The property, dubbed "North Bonifacio," lies mostly between the parallel Eight and Ninth Avenues of Fort Bonifacio, which houses the army headquarters.

Megaworld submitted its unsolicited bid last year and could still win the deal if it matches Robinsons Land’s offer. Its officials declined to comment on whether they planned to do so until after formal notification from the BCDA.

Ms. Zosa said that under National Economic and Development Authority guidelines, Megaworld has seven days from formal notice to match the offer.

"Our [own] deadline to notify Megaworld that there is a superior offer is on August 21 which I think is a holiday ... The terms of reference provides that if the date of notification falls on a holiday that it would be moved to the next working day," she said.

Ms. Zosa said a joint venture selection committee would submit its recommendations to the BCDA board next week.

Aside from the price, the committee will also review if Robinsons Land’s proposal is compliant with terms of reference set for the deal, among them an upfront payment of P700 million, minimum investment commitment of P15.6 billion, and 20-year and 18-year ceilings for developing and selling the property.

Megaworld’s shares dipped by two centavos to P1.38 on Friday while Robinsons Land’s inched up by P0.10 to P9.20.

http://www.skyscrapercity.com/showthread.php?t=743064&page=10

bustero

August 17th, 2009, 08:47 AM

I don't think they need a supertall to make that area interesting. It has natural waterviews and a great sunset! I'd prefer they spend the money on truly iconic architecture. Get something like a Gehry designed Guggenheim or a China CCTV tower. Petronas was built by a cash rich gov't company and they specifically looked at a supertall as KL's iconic image. It will be hard to do supertall as however it is burj dubai will always be taller. Nevertheless the pyramids, the taj mahal, the colliseum are iconic symbols without being tall for it's own sake, they just happen to be perfectly designed and proportioned. It doesn't hurt of course that they have great stories to tell as to why and how they were built!

watcher09

August 17th, 2009, 02:56 PM

New Manila as next Eastwood

THE whole block of what used to be the Pepsi and Magnolia properties in New Manila is slowly transforming itself into the new residential version of Libis’ Eastwood.

...Gokongwei won the bidding for the former Magnolia compound, almost half of the block, where the taipan intends to build a residential condo and mall complex.

The residential condos will be called "Magnolia Residences". It will be a four-tower project sitting on a podium. These towers will be at least 38 storeys high just like their sisters along Adriatico in Manila. The first to be sold is the Tower B. Expected completion is 2014. If I heard it right, the agent told me that the first tower will start its construction in 2011. Robinsons will create an internal road dividing these residences with the planned mall. The mall will be facing Aurora Boulevard, while most of the residences will be along N. Domingo.

watcher09

August 17th, 2009, 03:11 PM

is this what you're referring to?

http://www.suntrust.com.ph/un-gardens.asp

Nope! UN Gardens is different from the project in the old BSP land.

http://suntrust-parkview.webs.com

WHY SUNTRUST PARKVIEW?

**************
This is a new development right across SM Manila. Lots belongs to boy scout of the philippines head quarters. Project consists of several buildings with amenities. Theres a picture of the development, i just duno how to post pics here.

Suntrust is currently constructing the 3-tower Adriatico Gardens beside Harrison Plaza. This a joint-project with the City of Manila. The rendering is identical with a Suntrust project in QC. After this project, Suntrust is scheduled to pre-sell the project at the old Boy Scout of the Phils. site. Yes, there will be 6 mid-rise and high rise towers. Since part of the land is along Pasig River, it will have a boardwalk. Like Adriatico Gardens, this also has the blessing of the city hall.

bustero

August 18th, 2009, 05:26 AM

Akala ko sino si Sun Trust, it's Empire East pala.

Parkview is going to take over Aroceros park ba or it's just beside it?

RonnieR

August 18th, 2009, 10:33 AM

Does anyone know this? Construction is on-going near BGC entrance from C5 southbound.
http://i530.photobucket.com/albums/dd350/RonnieR_2008/DSC04974.jpg

dunamis

August 18th, 2009, 02:14 PM

Trace Computer College.

watcher09

August 20th, 2009, 02:11 PM

Akala ko sino si Sun Trust, it's Empire East pala.

Parkview is going to take over Aroceros park ba or it's just beside it?

From what the entire plan shows, The Arroceros Park which extends from Quezon Bridge will not be touched (hopefully). The site is where old government buildings stand. This land faces Mehan Garden.

3cr

August 21st, 2009, 02:26 AM

SM firm to expand Podium mall
Written by Miguel R. Camus / Reporter
Business Mirror
http://www.businessmirror.com.ph/home/companies/14884-sm-firm-to-expand-podium-mall.html

THE developer and operator of the Sy-controlled Podium Mall is hiking its authorized capital stock in a fund-raising effort to build a new high-rise project within the vicinity of the shopping development.

There will be a vertical development project that will be undertaken in the area where the Podium is,” SM Investments Corp. (SMIC) vice president for investor relations Cora Guidote said in an e-mail to the BusinessMirror. SMIC is the holding company for the Sy family’s major business assets.

Earlier this week the Securities and Exchange Commission approved the request by SM Keppel Land Inc. to increase its capital stock by 17 percent to P511.6-million divided into the same number of shares at a par value of P1 apiece. The total amount will be divided into 438.8 million common shares, while the remainder into 72.8 million redeemable preferred shares, which carry no voting rights and will pay a fixed dividend of 3 percent per annum.

SM Keppel Land further noted the increase of P72.8 million has been fully subscribed and paid up by shareholders. Incorporators include Lim Siah Sun, Hoe Eng Hock, Adora F. Valenton as well as retail tycoon Henry Sy Sr., Teresita Sy-Coson and Henry Sy Jr.

At the end of 2008, the firm reported lower net cash from operating activities at P97.97 million, or a 13-percent declines from the previous year. Total assets grew by 4.6 percent to P1.76 billion.

SM Keppel was incorporated in January 1994 to develop and maintain the operations of its primary asset, the Podium Mall on ADB Avenue, Ortigas Center. Half of the venture is owned by SM banking unit Banco de Oro Unibank, 40 percent by Keppel Philippines Properties Inc. and the remainder by Opon-KE Properties Inc.

Keppel Philippines Properties Inc. is the local unit of Keppel Land Ltd., which is listed in the Stock Exchange of Singapore.

3cr

August 21st, 2009, 03:38 AM

Zuellig affiliate allots P7 billion for first ever green building in RP
By Ma. Elisa P. Osorio (The Philippine Star)
http://www.philstar.com/Article.aspx?articleId=497824&publicationSubCategoryId=66

MANILA, Philippines - Bridgebury Realty Corp., an affiliate of the Zuellig Group, announced it will be investing P7 billion for the construction of the first ever Leadership in Energy and Environmental Design (LEED) approved building in the country.

The company said they expect to finish the building by 2012.

To be able to be LEED certified, the building must adhere to a set of specific energy principles and features.

These include low-flow plumbing fixtures and water recycling initiatives that will cut water consumption by more than 70 percent when compared to a typical building.

Also, a LEED certified building use reflective paving materials, energy efficient systems and fixtures, lights that automatically turn off when rooms are unoccupied or dim when enough daylight is available. This will reduce energy cost by as much as 16 percent.

Lastly, it has a highly efficient filtration system and automatic carbon dioxide monitoring system used to maintain a healthier indoor environment.

Henry R. Realon, director for LEED consultant Davis Langdon & Seah said that constructing a LEED compliant building may mean an additional three percent to seven percent to the total construction cost.

However, he said the savings in energy and water consumption will offset the initial added cost. The payback period for a LEED certified building, Realdon said, is five years.

For the Zuellig building in Makati, total savings in water is 76 percent and energy savings is 16 percent.

“The Zuellig building has successfully combined design creativity and building performance efficiency,” Realon said. “The unique curtain wall design which uses the latest glass technology will not only bring a new style into the Makati cityscape but also allow daylight into 90 percent of interior spaces while reducing cooling requirements.”

Environmentally friendly buildings can help cut down power costs by as much as 50 percent and reduce water use by 40 percent, international property firm CB Richard Ellis said.

CBRE Chairman Rick Santos said studies show that green buildings reduce energy consumption by 24 percent to 50 percent.

Santos said green buildings are in demand. More than 3,000 buildings in the United States are LEED certified.

Santos said he expects it to pick up given that firms are becoming more environmentally friendly.