isnt it that lee garden/s?

the shape looks like lee garden

I think it is, kasi it's located along Vito Cruz, near Taft.

http://www.cityland.net/pics/prbldg.jpg

Looks like a more massive and more colorful version of the Cityland Vito Cruz Towers and Cityland Makati Executive Tower I.


Yep, it's got 38 floors. it's now past the ground floor. nasa 4 or 5th na ata. katabi lang halos ng Taft sa may Vito Cruz.

the shape looks like lee garden

but.... isn't the Lee Garden in Binondo already finished, remember there's two of those... so i could be wrong.....

It's not. Remember the glassy building that I posted before? The one which we thought was Lee Gardens? Sorry I was wrong, it's not Lee Gardens, it's something else so this u/c one could be the real Lee Gardens.

May iba pa bang Lee Garden Aside from the one here in Shaw?

^ I believe there is. One in Binondo. Though it could have dropped the 's' in Gardens, the Binondo version.

Hmmm interesting , Paana kaya naka pasa sa HLURB iyan!

Also had an interesting chat with ALI head honcho, in his opinion there will be NO tall skyscrapers for offices soon. He believes the economics do not make sense at this stage. ALI for sure will not be planning any. Growth in demand forcommercial office grade is primarily for BPO(offshore Outsourcing or Callcenters as most peeps in RP call it) and these are very low payers, you can't build a tall building on the rents they want (around 400Php per sq.m.) and more importantly can get. These business primarily are located outside the CBD, once the cheap inventory in high rises dries up, there will probably be a big boom for low rise offic commercial in outlying or cheaper areas like qc, alabang, recaimed area. Anyway interesting opinion from the guy who runs the Phil. largest property firm.

GA Tower
http://www.imagestation.com/picture/sraid172/p63794f62397e292c41f7188b9648293e/f3d23a84.jpg

a Condo unit along EDSA near the GMA Kamuning MRT Station... fronting the National Press Office.. I forgot its name...
http://www.imagestation.com/picture/sraid172/pd261974639fa09b98dae805942c64642/f3d23299.jpg

That condo is pretty massive. How tall will it be? I didnt know about that project unit now.

they're around 24 something... it is a twin condo...

Francesca Towers. or something around that. sorry to say this but they look mediocre. the columns doesn't seem so huge and stable. the underground excavation is very shallow.

Yikes! Lets at least see how it turns out.

thanks for the update pau!

IS this a New project?

Residencia De Regina
http://www.banff-realty.com/Location/location.htm

I"m not sure if this is in thomasian's list. There's really a lot of these projects that goes under the radar. Not so big, marketed in the area lang.

That condo is pretty massive. How tall will it be? I didnt know about that project unit now.
They're two floor units. I've taken pictures of them and reported on them before. They're Alcazar's Project (new san jose builders of the home along the rilles fame).

Oh...I must have overlooked it before:D sorry.

San Miguel Property Unit Eyes 4 Projects
BusinessWorld - 05/23/05

San Miguel Properties, Inc. has lined up
four projects slated to start by 3Q05. It
includes a residential housing project in
Basak, Cebu that will offer middle-income
packages similar to Maravilla; a farm lot
development in Sinaliw, Alfonso, Cavite;
and development concepts for properties
in Baguio City and San Juan, Metro Manila.
Expectations for projects this year are
moderate due to the uncertain economic
climate.

-----------------------------------------------

I'm hoping that the San Juan project would be a high-rise.

Hmmm.... me too, well I think all of us do:D There isn't much space in San Juan is there?

Metrobank unit to launch P5-B masterplanned community
By Zinnia B. Dela Peña
The Philippine Star 06/15/2005

Federal Land Inc., the real estate development arm of the country’s largest financial services group Metrobank, will open next month its second strip mall, the Blue Wave at Marquinton, with occupancy reaching almost 100 percent ahead of schedule.

Marquinton (or Marikina Town Center) is a P5-billion master-planned community in the cleanest and best managed city in the Philippines. Apart from the mini-mall, the project will also include the development of medium-rise residential condominiums catering to families looking for an affordable and cozy place within Metro Manila’s key urban centers.

Riding on the wave of mini-malls sprouting in Metro Manila, FedLand is upbeat about business prospects especially with its latest project, which has already attracted major retailers such as Watson’s Drug Store, Jollibee Foods Corp., Max’s Fried Chicken, KFC, Pancake House, Pizza Hut, Yellow Cab, Superbowl, Gerry’s Grill, Starbucks, Kodak, Timezone Arcade, Mendrez Shoes, and Rusty Lopez.

FedLand president Edward Tan said the three-story Blue Wave Marquinton has attracted strong demand from merchants, restaurants, and service providers because of its potential as the first commercial development in Marikina City for more than a decade.

Tan said the strong uptake for retail space at the Blue Wave Marquinton reaffirmed the market’s growing demand for strip malls that are more accessible, provide more parking spaces, attract more focused buyer groups, and generate savings on operating costs.

"Although it was built to primarily serve buyers of Marquinton’s residential towers, we expect the Blue Wave mall to cater to the young and upwardly mobile population of Marikina City," Tan said.

Real estate consultancy group Colliers International has pegged the vacancy rate in Metro Manila’s retail area at 15 percent which is expected to increase to 17 percent by the end of the year with the completion of big shopping malls.

With the influx of commercial space, Colliers noted that more developers are turning to niche retail by building "smaller scale malls." Just recently, the SM Group of retail tycoon Henry Sy unveiled plans to put up mini-malls or community malls to capture new tenants and traffic.

Community mini-malls or hypermarkets have mushroomed in the past two years as they cater to a fixed group or market.

Hypermarkets have been compared to mini-malls because they provide complete services like food, general merchandise, banks, shoes and fastfood restaurants.

Blue Wave also boasts of four state-of-the-art cinemas. Each cinema has a seating capacity for 300 persons and is equipped with the latest Dolby Digital EX sound system.

The Blue Wave Marquinton is FedLand’s second venture into the shopping mall business after its first Blue Wave Mall at the 40-hectare Metropolitan Park, widely considered as one of the best-looking and best-managed strip malls in the country today.

FedLand has logged in 33 years in the real estate business specializing in high rise residential and commercial projects.

Not sure where to put this but it's interesting.

BusinessWorld Online
Property & Infrastructure

BY JENNEE GRACE U. RUBRICO, Senior Reporter
Office space demand to push up rent rates

Growing demand for all property markets continue to boost rental rates in Asia Pacific, a study made by a real estate services and money management firm said. And the demand for space is expected to continue to grow, although with "signs of moderation."

Ayala ave. skyline at night

In a report, Jones Lang LaSalle said that demand for office space rose in commercial centers given the limited supply, propping up expectations that the rebound will be sustained until 2006.

"Office demand is at its strongest since 2000. Cost considerations have become less important as corporates are more interested in expanding their operations in anticipation of more growth. The higher rents and lower vacancies in the region are reflecting this mood of optimism."

The study noted that with space availability in "core areas" diminishing, tenants have opted to relocate or expand in decentralized areas.

Meanwhile, the retail property markets were supported by a rebound in Asian economies as well as improving consumer sentiment, the study said.

"The growth of budget carriers [airlines offering cheap fares] has also been a key factor supporting the region’s travel industry in the past year. Despite the fallout from the tsunami, the tourism trade has held up well, due to the improved local economies and cheaper air fares."

The study said that demand for retail space was strong in Hong Kong, Bangkok, Singapore and Kuala Lumpur.

"Retail centers, if positioned correctly, have demonstrated stability in occupancies and rents across the different cities. In the face of improving employment prospects, and stable or rising asset markets, the retail sector is best poised for continued growth over the medium and longer term," the study said.

The study also said that the residential property markets improved on the rebound of regional economies and expatriate inflows.

"The leasing market remained healthy in line with the rise in office demand, which was in turn fuelled by the expansion of major MNCs [multinational corporations] and companies in the banking and finance industry," the study said.

It noted, however, that the buying sentiment in the top end of the luxury residential market on Hong Kong island appeared to have cooled in the the first quarter, but added that this was partly seasonal.

Capital values for prime properties on the island, meanwhile, rose further with a quarter-on-quarter increase of 7.1%.

The study also said that growth in Asia is expected to remain "on a solid footing." "The increase in [United States interest rates is unlikely to derail growth projections for the region. However, the persistently higher energy costs are starting to impact on growth. Initial worries about a hard landing for China and the potentially disastrous after effects, now seem like a distant memory," the study said.

Jones Lang LaSalle is a world wide real estate services and money management firm, operating across more than 100 markets around the globe.

The company provides integrated expertise, including management services, implementation services and investment management services on a local, regional and global level to owners, occupiers and investors. It has a portfolio of 80 million square meters under management world wide.

LaSalle Investment Management, the company’s investment management business, has about $26 billion of assets under management.

ALTERNATIVE SITES

Meanwhile, given the scarcity of areas to develop in the Makati and Ortigas central business districts (CBD), property developers are looking at Taguig City and Libis in Quezon City as alternative development sites.

This as rental rates for office spaces in the central business districts will continue to increase given tightening supply, while a spike in the supply of residential units is expected within the year with the completion of three new projects.

Rental rates for residential spaces, particularly for three bedroom units, are also seen rising.

These were the findings of property services firm Colliers International Philippines in its quarterly research report on the property market for April 2005.

The report, a copy of which is available in the company’s website, gives a bullish outlook for land values and rental rates of office, residential and retail spaces in Metro Manila.

Colliers said that as of March, aggregate stock for office space in central business districts remained at its 2003 levels of 2.62 million square meters.

By the end of the year, it said, this would be increased by another 30,100 square meters, mainly due to the opening by call center firms People Support Center and Convergys of two built-to-suit projects on the second and fourth quarters, respectively.

"In light of the paucity of new supply in the CBD, we expect developers to take advantage by focusing on emerging locations such as Fort Bonifacio, Eastwood [Libis] and the Villamor redevelopment areas," Colliers said.

Colliers also said that demand for office space in the Makati CBD continues to increase as call centers and business process outsourcing firms continue to look for additional space.

As of the first quarter, Colliers said, vacancy in the area continued to decline to 9.1%‹or 237,936 square meters -- in the first quarter, from 9.5% the previous quarter, and 12% in the first quarter of 2004. Colliers forecast that vacancy will be reduced to 7% by yearend.

Given the high demand for office space in the Makati CBD, Colliers said rents are expected to increase by as much as 18% by the end of the year. Currently, rents for premium grade offices in the area average P550 per square meter a month, while rents for the Grade A segment currently average P426 per square meter a month.

The rates for the Grade B segment remain at P289 per square meter per month and are expected to catch up with higher grade segments in 12 months’ time.

In terms of land values, Colliers said that premium grade office properties are expected to increase prices by 15% in the next 12 months, to average 84,525 per square meter.

For residential spaces, Colliers projects aggregate stock for the segment would increase to 10,354 units by the end of 2005 from 10,000 units in the first quarter.

This is due to the recent completion of River Oaks Realty’s Four Seasons project and Megaworld Corp.’s Greenbelt Parkplace in Makati and to the expected completion of one more project before the yearend.

Residential vacancy in the Makati CBD, at 14% in the first quarter, is expected to hit 15% in the second quarter and to settle at 12% after one year.

Colliers was cautious in giving its prospects for the one bedroom and studio units. "Take note that nearly 65% of new supply from 2005 to 2008 are configured either as a studio or one bedroom. We remain cautious on the studio and one bedroom residential market."

It added that capital values, which were at P70,400 per square meter, is expected to appreciate to P78,144 per square meter after one year.

Meanwhile, vacancies for the retail sector will continue to increase when new malls are completed.

Colliers said that Manila wide retail vacancy, which was at 15% in the first quarter, will increase to 17% by the end of the year, with the completion of three SM projects -- SM San Lazaro, SM Mall of Asia and SM Valenzuela -- with a total leasable space of 400,500 square meters.

Rents are expected to continue to increase, with effective rates in Ayala Center now averaging at P1,150 per square meter per month, increasing 7% in the next 12 months and those in Ortigas center, which averaged P900 per square meter per month in the first quarter, to escalate by 9%.

Colliers also noted that other than the development of property firm SM Prime Holdings, Inc., other developments in the Metro Manila retail sector are on a smaller scale, including the Fonterra Verde in Pasig City and Federal Land, Inc.’s Marikina Town Center.

--------------------

Story Location: http://www.bworld.com.ph/BW061605/property.php
Copyright © BusinessWorld Onine, Inc. All rights reserved.

One question... which would be more expensive a lot in Salcedo village or a lot of the same size in BGC?

Salcedo should be more expensive they have higher FARs, plus it's established. Not much though and depends on the lot, certain lots in the fort are more expensive than certain lots in Salcedo. But remember Salcedo is bounded by three main 4 main thoroughfares which are very prime, Ayala, Paseo de Roxas, Makati Ave, Buendia.

How about Legaspi? Would constructing One Legaspi have cost less compared to if it was in Salcedo?

good news....guess if the economy keeps up, we should see office buildings rising

Construction Cost is of course the same, Legaspi is cheaper than Salced in General. Comparing interior lots (not one along a prime road like ayala or paseo) their FAR is smaller than Salcedo's in general. But again depends on the actual location, a lot near greenbelt even if it's along Perea is going to be worth more than a lot along de larosa near asian bank. The difference is negligible on an FAR basis.

Gov’t. Eyes Sale of 40-ha. Nat’l. Mental Hospital Complex
The Philippine Star 03/12/05

The government is eyeing the sale of the
40-ha. property occupied by the National
Mental Hospital (NMH) in Mandaluyong to
help raise revenues for the national budget.
Aside from the NMH property, the Arroyo
administration had also considered the sale
of an even bigger property in Muntinlupa
right beside the Ayala Alabang Village – the
550-ha. National Bilibid Prisons (NBP) Reservation.
Initial estimates indicated that
based on the prevailing price in the adjacent
Ayala Alabang Village, the NPB property
could generage as much as P110 billion for
the government even if sold in the prevailing
property market slump. When it was first
lined up for privatization, the NBP reservation
had attracted several groups who
wanted to develop the property into a full
golf course and recreational facility.
the agreement is signed between the Philippine
government and the successful bidders
and another Y384 million after three
months. The properties involved one
four-story building space in Tokyo with a
total floor area of 2.489 sq.m. and two
other properties in Kobe with 3,014 sq.m.
and 764 sq.m. All three properties will be
leased for 50 years under variation of the
BOT scheme.

---------------------------------------

We could be seeing another satellite city or a mixed-use complex rising here in the near future.

I wonder where they are going to move the National Mental Hospital and the New Bilibid Prison? What about the Quezon Institute on Sta Mesa Extension? Is this still a hospital for TB patients? That is also one prime property for development.

Anyone knows what this u/c is?

Taken from the CCP grounds.

---------
06.12.05
---------

http://i23.photobucket.com/albums/b358/thomasian/000_0009xx.jpg

looks like vito cruz area, for la salle dorm market. lots of project around that area(quite dramatic actually when you ride the lrt and you approach vitocruz station)

Makisingit na po sa inyo.
Have you any record how many stories or floors is the most in our country in the record if you have.
And have you seev the condo unit along Roxas Blvd. corner Padre Faura in Manila? I think it has 57 floor with helipad and golf course in it. Does anyone knows it?

You mean 1322 Golden Empire Tower?

there's a golf course on it?! or some mini golf thing? wow... haha! i never knew that...

57 is the highest number for a building yeah, though way off the tallest height. I don't think the new breed of tall residentials is bound to beat it either.

Does The Lopez Centre in Rockwell has a chance of being built? It would look grand if it were built and it would surely be Makati's main landmark.

Hope it gets built. And The Ritz-Carlton in Makati at Rockwell, I hope it gets built too, it would add another wave of a luxury hotel in the metro...

Does The Lopez Centre in Rockwell has a chance of being built? It would look grand if it were built and it would surely be Makati's main landmark.

Hope it gets built. And The Ritz-Carlton in Makati at Rockwell, I hope it gets built too, it would add another wave of a luxury hotel in the metro...

i hope too, but with all the political instability we are currently having, i dont know if any investores are willing to take the chance =(

only few MM hotels are enjoying good occupancy rates now.

http://www.lera.com/pimg/capitalplace/6892179_large.jpg

Capital Place

Manila, Philippines


The project consists of a $250-million mixed-use complex including two office buildings, a residential tower, retail space, a Grand Hyatt Hotel and parking. As the landmark project of the new city, the developer used Capital Place to set the tone for Fort Bonifacio and to encourage further development of the surrounding area.

:
Fort Bonifacio Development Corp

Architect:
Kohn Pedersen Fox Associates

Location:
Manila, Philippines

Gross Floor Area:
1.86-million sf (172,800 sm)

reminds me of GT tower..

chad
thanks for the posting, we are all very anxious to see the capital place build, heard of it for few years already....=(

reminds me of GT tower..

yeah, it's the same architct and about the same time when GT tower was designed

the thing is... i don't think we need that much space for offices. maybe we'll see it in the future, but with a different design, perhaps with less wow.

the thing is... i don't think we need that much space for offices. maybe we'll see it in the future, but with a different design, perhaps with less wow.

less wow? what do you mean? :)

less fancy, basic design, materials not neccesarily grade a, focused more on economics then with making a statement or aesthetics.

okay, i still beleive that aesthetics is very important on architecture

hehe I think all developers and building owners want an I.M.Pei/ SOM designed building that will be taller than Burj Dubai, have finishes like Gugenheim Bilbao, so it can be put on the cover of every architectural magazine ...

until it's time to pay the bill :):):)

fair enough. but some of these developers believe income is very important in real estate;)

best case scenario: same design, though a bit downsized. worst case scenario: just like in A.Venue a new shit design comes.

Anyone know this???

Triple Tower Condominiums, Malate, Manila
http://i23.photobucket.com/albums/b358/thomasian/triple_tower.jpg

I counted roughly 38-storeys on the center tower.

looks like the Columns on a diet. should look good beefing up Manila's skyline.

Anyone know this???

Triple Tower Condominiums, Malate, Manila
http://i23.photobucket.com/albums/b358/thomasian/triple_tower.jpg

I counted roughly 38-storeys on the center tower.
so where's the location

looks nice...where did you find that thomasian?

pano yung nasa center tower, wala nang view....? they should have placed or rotated the 2 outer bldgs at a much better angle...well, okay mas marunong pako sa developer :D

wow... that looks nice.... hmm... i guess this is different from that halted 3towers in Roxas Blvd beside Chataue de Baie.. right?

pano yung nasa center tower, wala nang view....? they should have placed or rotated the 2 outer bldgs at a much better angle...well, okay mas marunong pako sa developer :D

i guess they want to maximize the lot, but imagine few feet away you could say hi to your neighbor

It's the 1 Orchard problem. I guess people buy those units out of necessity, not because they like the looks of it.

Any more details thomasian?

looks nice...where did you find that thomasian?

From the Siao Ling Architects website. http://www.siaoling.com

thanks

the proximity better make for a very friendly neighboorhood!

hahaha...few feet away from your neighbor should be their motto. hehehe...baka pede ka na mangapitbahay without using the elevators. new concept! :D
thanks for sharing Aaron. you're the man!!!

Thanks Francis ;)

"The Triple Towers... where you are only a few feet away from everything you desire... and that includes your neighbor." :colgate:

i know how could these developers and even architect do this? i guess as long as they could make the unit prices lower, that's all it count.

nice find! it actually looks pretty cool...! haha! but yeah, the three towers squeezed together could've been better... haha!

Are they really going to build this? That area will have its own skyline soon.

Property developer Megaworld Corp. will put up a 350-room first- class hotel in front of the Villamor golf course in Pasay City to be run by US chain Marriott Hotel.

In a disclosure, Francisco C. Canuto, treasurer and corporate information officer, said Megaworld had inked a deal with Marriott Hotels International B.V. which runs first-class hotels.

Megaworld said it is yet to finalize the project’s cost.

"Megaworld shall plan, design, construct, furnish, equip and own the hotel, which shall have approximately 350 guest rooms and shall engage Marriott or one of its affiliates to manage the Hotel as a Marriott System Hotel. Marriott shall provide technical services in an advisory role during the planning, designing, constructing, furnishing and equipping of the hotel and is expected to provide inputs on standards for the hotel and for the furniture, fixtures and equipment for the hotel," he added.

Megaworld shares yesterday closed higher to P1.30 from P1.24.

Marriott is headquartered in Washington, D.C., with 133,000 workers and more than 2,600 properties in the US and nearly 70 other countries and territories. It has hotels in major cities worldwide including Atlanta, Houston, Miami, Washington, D.C., Bangkok, Dubai, Kuala Lumpur, Hong Kong, Shanghai, Quito (Ecuador), Lima and Mexico City.

The Pasay hotel will be Marriott’s first in Metro Manila and the second in the country after Cebu.

John Hao, Megaworld’s investor relations officer, said the developer’s Pasay project, called Newport City, will be comparable to Asia’s most exciting hotel-and-golf resorts. "Guests at the Marriott Hotel will enjoy an unobstructed front-row view of the 18-hole Villamor golf course."

Aside from the hotel, the 25-hectare Newport City was planned to feature medium-rise residences, a retail and leisure complex and a business and technology park.

Mr. Hao said Megaworld is in talks with a top foreign hotel interior design group for the project.

Aside from the hotel, the Newport City urban resort project will host a low-density residential area, an office park, a themed shopping and entertainment hub and an institutional center featuring a sports club, a church and other community facilities and services.

The commercial and entertainment hub will have a shopping village as its centerpiece, while the business park is designed to be the headquarters of information technology and business process outsourcing companies as well as those engaged in airport-related services.

Megaworld expects a 20% growth in net income from P759.72 million in 2004 on higher revenues, Chairman Andrew L. Tan earlier said. It had earmarked P4.7 billion in capital and project spending this year as Megaworld is launching two more projects within the year to meet a growing demand aside from "more than a dozen" office and residential projects for completion over the next four years. Expanding its portfolio of large-scale developments in Metro Manila’s strategic locations, Megaworld will launch Forbeswood Parklane and Newport City. It recently launched a 38-storey tower, combining hotel and condominium residences called Eastwood Park Hotel and Residential Suites, in its six-year old flagship project Eastwood City.

The Forbeswood Parklane is the ninth luxury residential tower to rise in Megaworld’s five-hectare Forbes Town Center development overlooking the Manila Golf and Country Club in Bonifacio City.

Wow, Pasay City needs some kind of development like this. It looks like it will be a Marriot Golf resort is it?

grabe.. and bilis talaga ng mga taga SSC! haha!

great news... a new international hotel chain is opening up in Manila! yay... haha! I haven't seen much about Newport City in the news though, so I wonder when they're going to start the project up...

Looks like this is connected to that project that was to be in front of NAIA3.... I don't know security-wise if that's a good idea. But it's well positioned road-wise

We have a newport thread,
anyway it's accross the road, very similar to airport hotels all over the world. I was wondering who would win the bid, sila pala. for a while the chsimis was hilton

Vol. XVIII, No. 255
Thursday, July 21, 2005 | MANILA, PHILIPPINES
Corporate World

Cityland completes Makati tower project

Cityland Development Corp. has started turning over the units of the 32-storey Makati Executive Tower I building six months earlier than its estimated date of completion by yearend, senior vice-president, Rufina C. Buensuceso, yesterday said.

"Cityland is glad to announce that it has already started turning over the units this July," she said in a statement.

Construction is in full swing for the Makati Executive Tower 2. The second tower is expected to be completed by the first half of 2007.

Located along dela Rosa St. in Makati, the Makati Executive Tower is 99% sold. It is a few minutes away from the central business district of Ayala Avenue, schools, hospitals and other commercial establishments.

"Buildings within the vicinity are easily occupied and there is usually a constant stream of interested lessees. Unit owners may already lease out their units providing them with additional rental income much earlier than they had anticipated. Those who are currently renting a unit may move in half a year early, saving them several months’ rental," the statement read. -- Ruby Anne M. Rubio

We have a thread for Cityland Makati Executive Towers I and II.
Anyway, I posted an update pic there so it's now visible in the front u/c page.

so how many buildings does manila have, any1 is tallying the counts. i dont trust the one w/ ncbmandy pole thats only 90m n above. how bout the 88, or 89 m thats the same quality, right. count even those that are being built and arent being proposed.

This one's not really A high-rise, but I find the name really interesting.

Infonxx bldg.

http://www.ayalaland.com.ph/admin/images/articles/news/bpofacility01.jpg

The already significant presence of Ayala Land in the booming town of Sta. Rosa, Laguna will soon be further strengthened with the rise of the Infonxx Building which will serve as an expansion of the Philippine base of operations for the Bethlehem-Pennsylvania-based multi-national business process outsourcing company. Ayala Land will play host to the world's premier provider of directory assistance and enhanced information services.

The two-storey Infonxx Building is conveniently located near the LPHI-developed residential village Sta. Rosa Estates 2, the premier industrial estate Laguna Technopark, and commercial center Paseo de Sta. Rosa. With 5,612 square meters of gross leasable area, the facility will provide much-needed jobs for some 1,500 call center professionals when completed in the fourth quarter of 2005.

Infonxx is the largest independent directory assistance supplier in the world. It also supplies wireless and landline carriers, corporations, and educational institutions throughout North America with innovative, customer-focused solutions, flexible service transport options, and industry-leading products.

Infonxx Building is Ayala Land's third BPO facility, next to PeopleSupport Center and Convergys, both located in the Makati CBD.

hi! :lurker:

infonxx at laguna... this is good news. more jobs in the southern part of metro manila. (they can even have fun at enchanted kingdom.) :)

infonxx is in rcbc plaza tower, right?

Ah, ok. Cutenapasaway, how'd you pronounce Infonxx?

Ah, ok. Cutenapasaway, how'd you pronounce Infonxx?


'in-fo-niks', as one of my friends told me. this call center is located in rcbc plaza along ayala avenue and buendia... near 'the columns'.

Thanks cute.

------------------
Anyway...

Developers Should Construct Office Space
Business World - 7/7/05

Colliers International has urged office developers
to construct additional office space
because of strong demand for office space.
Vacancies were reduced to 10% last year.
End users, particularly large businesses, are
running out of options with the reduced
vacancy for office spaces in the central business
districts. Average rental rates are expected
to increase by 20% in 2006. It was
also mentioned that rental rates for office
spaces in the central business district will
continue to increase given tightening supply,
while a spike in the supply of residential units
is expected within the year with the completion
of three new projects.

good news...i wonder how come the big time developers areant building any office buildings despite of the demand in the comming years, maybe due to political instabilities?

well, they're still filling up the current space. I think they're waiting for a real large demand to come for them to build say a 40 storey skyscraper. I reckon even a 20 storey one needs big demand, or a company to set up HQ there

That's why Ayala Land constructs pre-leased or build to suit small office buildings like PeopleSupport and Convergys... or is it Accenture? So thay they can be sure that there'll be a tenant.

Parang Malabo si Ayala Land , at least this is what their ceo is saying, the returns are just not there right now, so they're just concentrating on mga layup like built-to-suit on their dead assets.

Sana nga may develper na magkakaron ng balls to build a nice commercial high rise again , puro residential ang ating upcoming projects and in the end they all kind look the same.

Parang Malabo si Ayala Land , at least this is what their ceo is saying, the returns are just not there right now, so they're just concentrating on mga layup like built-to-suit on their dead assets.

Sana nga may develper na magkakaron ng balls to build a nice commercial high rise again , puro residential ang ating upcoming projects and in the end they all kind look the same.

i agree with you, all the contructions going on in MM is so similar, nothing special to stand out from the rest, hope these developers would strat to be more open with design

what's that huge underconstruction near the intersection of gil puyat and south expressway?

^ Hmmm.... mm... isn't that a Cityland up there? Must be something big if it is "huge underconstruction" :D

@ Aragon - Could be Cityland Makati Executive Tower II.

im more interested now on the developments in Ortigas, parang na-uumay nako maciado sa makati, does anybody have the figures of the current vacancy rates in Ortigas Center? and which of the bldgs there has premium, grade A & GB office space?

:)

I think Aragon is referring to the other side of south expressway.. the lot in front of INNODATA that used to be a 2nd hand car shop before.. it's pretty massive.

oh yeah, so are thre any news about that building lopez center and sky ct. wat happen to them. are both of them just vision. is ther any news confirming about the tallest buildin in pnas

mysaong, not exactly what you want but can get data from it, also you can try downloading a report from colliers website they have a monthly report looking at this.

BusinessWorld Online
Property & Infrastructure

BY IRIS CECILIA C. GONZALES, Senior Reporter
Office space uptake props up property mart

The property market continued to gain headway in its recovery with the office space segment growing at a faster pace than the retail and residential market, a property consultant company said in a report.
New businesses, particularly call centers, continue to occupy office spaces in the central business districts, cutting vacancy rate to single-digit numbers, according Colliers International.

New businesses, particularly call centers, continue to occupy office spaces in the central business districts, cutting vacancy rate to single-digit numbers, according Colliers International. This would mean that more companies are renting office spaces as part of their expansion or business plan.

In Makati City alone, the vacancy level improved to 9.1% as of end-March, an improvement from the previous quarter’s 9.5%.

"Our 12-month forecast points to improving occupancy -- with vacancy still heading south to 7% by the end of this year," Colliers said in its latest review of the property market.

Because of this, the property consultancy firm expects developers to focus on emerging locations such as Fort Bonifacio in Taguig, Eastwood in Libis, Quezon City, and the Villamor (Pasay City) development area.

Without the new office spaces, the cost of rentals may rise again to pre-1997 crisis levels amid the growing demand from call center companies, Ortigas & Co. chief operating officer Rex C. Drilon II has said.

The cost of office space rentals went to as high as P1,500 per square meter per month before the 1997 Asian financial crisis. Office rental now costs between P500 and P600 per square meter per month. A typical call center operation in Metro Manila requires an average office space of 120,000 square meters.

Colliers said that rental growth for premium and Grade A accommodations in the Makati central business district has started to gain momentum while Grade B appears to lag.

The residential market, on the other hand, is expected to post a 15% vacancy rate in the second quarter with 824 new units from three projects this year compared with an average of 568 units in the last 10 years. Similarly, new retail developments in Metro Manila appear to be on a smaller scale with a focus on district centers (25,000 to 50,000 square meters) and neighborhood retail (less than 25,000 square meters), Colliers said. It added that the Manila-wide retail vacancy rate remained at nearly 15% in the last three months. "In the course of 2005, the completion of an aggregate new supply of 400,500 square meters is expected to push the vacancy to around 17% by the end of the year," it said.

Colliers estimates effective rents in Ayala Center to average at P1,150 per square meter per month in the second quarter, up by nearly 5% from the previous quarter. Another property consultancy firm, CB Richard Ellis, said the property sector is expected to post a 15% to 20% growth this year. The firm said the property boom is not only limited to the business districts of Makati and Ortigas areas but also include the provinces of Cebu, Davao, Baguio City, Cagayan and Zamboanga.

--------------------

Story Location: http://www.bworld.com.ph/BW060905/property.php

im more interested now on the developments in Ortigas, parang na-uumay nako maciado sa makati, does anybody have the figures of the current vacancy rates in Ortigas Center? and which of the bldgs there has premium, grade A & GB office space?

:)

speaking of ortigas, any idea about the commercial building currently on excavation stage beside the Malayan Plaza? i pass by that area everyday walking home from school. no renderings whatsoever on the construction site.. :dunno:

.... @bustero, francis or thomasian, could it be ... One Corp Plaza? :?

But it's too far from Malayan.

have no idea. it's definitely not One Corp Centre. Bec that 1 is right beside Antel...far from Malayan. Or could there be another office tower on the making?

... i wouldn't know much in Ortigas, so I just guessed that:D Perhaps it could be that Robinsons project you were talking about aaron?

I think Aragon is referring to the other side of south expressway.. the lot in front of INNODATA that used to be a 2nd hand car shop before.. it's pretty massive.
yes...do you know what it is

From Philstar.com
http://www.philstar.com/philstar/NEWS200507280709.htm

The Hongkong Sun Plaza, which is billing itself as the "biggest tiangge in Southeast Asia", is opening the section for restaurants along the property’s perimeter this November. The flea market will be opened a month later, in time for the Christmas season.

Developed by a Hong Kong Group, the plaza is right across the Department of Foreign Affairs along Roxas Blvd. and skirts Diosdado Macapagal Blvd.

thanks bustero :)

I saw that in the papers too. is that supposed to be bigger than Tiendesitas(sp?)? Tiendesitas was described as being the biggest in all of Asia. and HK Sun Plaza is nearby SM MOA. haha!

btw, whatever happened to Tiendesitas?

.... @bustero, francis or thomasian, could it be ... One Corp Plaza? :?
No, One Corp is diff. it's on vargas corner, meralco,
this one is in front of the podium
i've seen it but thought it was not deep but rather like a quick office building, probably short. I could be wrong though. will monitor it.

A good place to take pictures of this one would be Powerstation gaming arcade at the 5th level of Podium.

Don't forget to also take pics of Malayan there. :)

No, One Corp is diff. it's on vargas corner, meralco,
this one is in front of the podium
i've seen it but thought it was not deep but rather like a quick office building, probably short. I could be wrong though. will monitor it.

Where exactly is this "quick" office building? Is it between Discovery Suites and Malayan? if this is where this "small" building is, this would be good news!

yeah, since it wouldn't be blocking any of the views of Discovery and Malayan. :)

where is the malayan plaza & one corporate center thread?

any threads on the development of araneta center?

does anyone know what will be constructed at the corner of araneta ave. & aurora blvd? i saw it & the plaza was being demolished. will they construct a condominium there?

:)

I don't know, that plaza you are referring to is I think named International Shopping Mall, even if it doesn't really look like a mall.

One of my classmates said it will become SM City Sta Mesa Annex, but I'm not sure if it's true because I haven't heard any news about it before. Anyone confirm?

the lot was for sale by BDO, possible that sm will develop something on it but more probably as condo's

There are lots of developments around Metro today , even the old commercial centers are fast catching up with the trailblazers and wake up from deep slumber in the past years , for me the comparisons among these are the ff:

Ayala Center - Makati ( always inovating )
Araneta Center - Cubao ( catching up .. )
Greenhills Complex - San Juan ( catching up ... )

Rockwell Center - Makati
Eastwood City - QC

Ayala CBD - Makati
Ortigas CBD - Mandaluyong/Pasig/QC

Bonifacio Global City - Taguig / Makati
Filinvest Corporate City - Muntinlupa City

Manila is also noteworthy with is overall beautification/tourism campaign which is very successful .

Because of the healthy competition among these business/retail complexes around Metro Manila , they really give their best shot .

The only popular shopping complex left ugly today is the Tutuban Center.

The developer doesn't seem to be keen in beautifying and improving the complex located in the heart of Divisoria and consisting of several malls the Cluster bldg., Prime Block Mall, Center Mall I and II (containing an SM Cinema), a Robinsons Dept. Store and Supermarket and a parking building.

I don't know, that plaza you are referring to is I think named International Shopping Mall, even if it doesn't really look like a mall.

One of my classmates said it will become SM City Sta Mesa Annex, but I'm not sure if it's true because I haven't heard any news about it before. Anyone confirm?
wow sta mesa annex....they're relly expnding

Well that's just one of the rumors about that lot. But as Bustero said it could also be for condos or both.

any news about the old Philcom building beside the Galleria Regency across Meralco bldg? I'd love to see that demolished :D is it gonna be where Ortigas Corporate Ctr be built or sumthin?

another thing, what's the original height of Malayan Plaza? it looks shorter. and is still there hope for BSA twin towers? :?

What's actually the problem with BSA Twin Towers? Can somebody in this forum give me some enlightenment? Thank you.

@ Carlo - BSA's interior is still unfinished that's why it is currently unoccupied.

@ Rusty - About the BSA Twins, I think this will answer your question.
The money that will be generated from this project can probably help in the completion of the BSA Twins.

Sta. Lucia and Luke Roxas Forge Deal
Manila Standard - 7/7/05

The Securities and Exchange Commission
en banc has approved the petition of ASB
Realty Corp. to enter into a joint venture
agreement with Sta. Lucia Realty and
Development Inc. for the development
of a property in Sto. Tomas, Batangas.
ASB Realty (developer ng Ortigas BSA Twins) is the financially troubled real
estate company owned by controversial
businessman Luke Roxas. Sta. Lucia plans
to assume the expenses for the development
of the property. In exchange, it will
get half of the net saleable area after the
property has been developed. ASB Realty
expects to generate P100 million in
earnings from the agreement, which will
go to the asset pool of the ASB Group.
Sta. Lucia agreed to shoulder bulk of the
development cost and advance the initial
expenses to start up the project.

The only popular shopping complex left ugly today is the Tutuban Center.

The developer doesn't seem to be keen in beautifying and improving the complex located in the heart of Divisoria and consisting of several malls the Cluster bldg., Prime Block Mall, Center Mall I and II (containing an SM Cinema), a Robinsons Dept. Store and Supermarket and a parking building.

berry berry profitable kasi, they don't want to make it nice kasi it may look expensive, and have no divisoria feel! :)

any news about the old Philcom building beside the Galleria Regency across Meralco bldg? I'd love to see that demolished :D is it gonna be where Ortigas Corporate Ctr be built or sumthin?

another thing, what's the original height of Malayan Plaza? it looks shorter. and is still there hope for BSA twin towers? :?


Philcomcen will not be demolished ( parang broker record ako, I think I've seai this before :) ),t he original plan of megawaorld was to include it and build more behind it. The property is now with dbp or lbp not sure which megawold dacioned it to.

Malayan has been cut short , since the yuchengco group are not developers they just wanted to get out and finish the project, so it's lacking quite a bit of floors.

there's always hope for bsa! :rofl:

What's actually the problem with BSA Twin Towers? Can somebody in this forum give me some enlightenment? Thank you.
Sa totoo lang,

it's a good project and they sold well but ASB went bankrupt and Metrobank grabbed the lot including the building. So ngayon ipit ipit sila lahat. It's not that ASB can not finish the building, what for. If they do then Metrobank will jsut grab the finished units anyway. They claim ownership over it. And they do not recognize the sale and ownership of the condo buyers even if they've fully paid. So the three parties need to sit down and work this whole thing out. But looks like Metrobank will not be ready to fork it over so simply. I think the condo buyers here are screwed. :badnews:

Yeah, the old PhilComCen will be recladded and then attached to the new building that they're planning to build which will be named One ADB Avenue.

Akala ko sa GSIS nila dinacion eto?

http://i23.photobucket.com/albums/b358/thomasian/One-ADB-Aveue.jpg

i've seen a better designed 1 adb before the asian crisis.....

Aron , I think you may be right, I ust remember that it's a government financial institution so may GSIS nga!

Edmund, mayber there was one ,sayang it was not built as the building I remember was supposed to be quite tall !

Aron , I think you may be right, I ust remember that it's a government financial institution so may GSIS nga!

Edmund, mayber there was one ,sayang it was not built as the building I remember was supposed to be quite tall !

yeah, it was suppose to be a tall structure, i think HOK was the architect.....so this will be an office building right?

I don't know kung matutuloy pa ito in it's original state. You're right it was supposed to be an office building.

thanks thomasian, bustero et al for the reply. one ADB ave with the recladded philcomcen? interesting.. beside that is the corinthian cityland thingie right? so where will the Ortigas Corporate ctr be built? aside from philcomcen, another freaky lookin building is few blocks away from it, at the corner of ortigas ext rd and goin to libis. will it also be recladded? i duno the name of it though...

If you are talking about One Corporate Center that should be built on Julio Vargas corner Meralco, besides the new flyover.

YOu may be referring to either the lopez building the tall white structure clad in marble, one the Philippines grandest, or Ortigas Building on the corner of Ortigas ave and Meralco ave. This is a bit older but a big chunk of it is glass and the ortigases in general are too cheap to have it reclad or anything like that. It's not as if they need more tenants or money :)

yah, ur right....im working here in antel Global corporate tower...and its true that they will be build a new tower beside the the building where i working...the green building here in Ortigas...and there is other one near tektite building/..

Could you see it from high above your office? Or are you in the lower floors?

One Corp is near Antel isn't that about right? aahh too much Ortigas buildings u/c:D

What is that "other one near tektite" u/c, muzic_lover2981 is refering to?

hmm..... maybe the apartment run by Hilton? I forgot what it was called.... there's quite a lot going around that side of Ortigas

hey i work in antel global too! :)

Megaworld ties-up with Araneta group on residential building
Aug. 04, 2005

MEGAWORLD Corp. said it has teamed up with Araneta Center Inc. for a commercial and residential development project.

In a statement to the stock exchange, Megaworld said it would design, plan and construct 17 residential towers, comprising 6,000 condominium units, on a five-hectare property within the Araneta Center commercial district in Quezon City.

The project will feature an elevated walkway that will interconnect all the residential buildings and provide easy access to two light rail transit systems nearby, Megaworld said.

The timetable and financial details were not disclosed.

@ Renell - Millenia Tower?

Wow. That's great news for Araneta Center. I hope renderings are released soon.

Seems like 17 towers are to many. I guess it would look so "California Garden Square-ish" with all of those towers in a 5 ha. site.

Seems like 17 towers are to many. I guess it would look so "California Garden Square-ish" with all of those towers in a 5 ha. site.haha! yeah.. that's what I first thought when I read about it. sana lang hindi... hopefully Megaworld comes up with some nicer condos for this project. something as nice as what Araneta has done with the new Gateway Mall. the way they're going to connect them all sounds cool though. especially if they do it high up!

pero how are they going to sell 17 residential towers? I wonder how tall they're going to be...

oo nga gaano kya kataas yun.pero sana maganda compare to california,xavier,cambrige at san francisco square develop ng empire east...

@ Renell - Millenia Tower?

Wow. That's great news for Araneta Center. I hope renderings are released soon.

Seems like 17 towers are to many. I guess it would look so "California Garden Square-ish" with all of those towers in a 5 ha. site.

Yeah.. I guess that's it:D

17 towers? eeeeuuuh bad memories of Eastwood and California Garden (Too) Square.

bakit andami naman nun , magsisiksikan baka parang domino yun na pinagdikit dikit ng husto

Sa totoo lang,

it's a good project and they sold well but ASB went bankrupt and Metrobank grabbed the lot including the building. So ngayon ipit ipit sila lahat. It's not that ASB can not finish the building, what for. If they do then Metrobank will jsut grab the finished units anyway. They claim ownership over it. And they do not recognize the sale and ownership of the condo buyers even if they've fully paid. So the three parties need to sit down and work this whole thing out. But looks like Metrobank will not be ready to fork it over so simply. I think the condo buyers here are screwed. :badnews:

My parents know someone that bought a condo unit there. And she really is having a hard time coping with the bad investment.

Megaworld, Araneta Group to put up P15-B residential condo project in Cubao, QC
By Zinnia B. Dela Peña
The Philippine Star 08/05/2005

Upscale property developer Megaworld Corp. has signed an agreement with the Araneta Group of Companies to put up a P15-billion residential development project to be integrated with the two existing mass transit systems at the Araneta Center in Cubao, Quezon City.

Under the agreement, Megaworld will design, plan and construct 17 residential towers made up of 6,000 condominium units on a five-hectare property at the Araneta Center.

The project, touted as "the first of its kind in Philippine real estate," will likewise be the first in the country to be connected to the MRT-3 and LRT-2 mass transit systems linking up the 35-hectare Araneta Center. The two lines transport an average 1.2 million passengers daily.

"This is the first time that a residential project will offer fast and safe access to more places in Metro Manila than ever before through its strategic location and orientation to two mass transit systems," said Megaworld spokesperson Francis Canuto.

The LRT-2 services 11 stations along a 14-kilometer stretch from Santolan in Pasig to Recto Avenue in Manila. The MRT-3 or Metrostar, on the other hand, runs from North Avenue to Taft Avenue along Edsa.

"All key points from north to south and east to west of Metro Manila along the service routes of the MRT-3 and LRT-2 lines will be just a few minutes away from the project," Canuto said.

Canuto said the Megaworld-Araneta joint venture will transform Araneta Center into a "scenic garden city." A focal point of the project is a three-story-high garden walkway – a first in the Philippines – that will interconnect all 17 buildings of the project to bring residents within walking distance to the LRT-2 and MRT-3.

Araneta Center, built by the Araneta family as the country’s first leisure and lifestyle complex in the 1960s, is undergoing a facelift to attract more shoppers within the area.

New residential and office buildings will be built around the P2.5-billion Gateway Mall, a modernized shopping and entertainment hub beside the Araneta Coliseum.

The Gateway Mall was completed late last year by the Araneta Group of Companies, which is focused on property development as well as food and beverage and leisure and entertainment.

Megaworld, on the other hand, focuses on the middle to high-end residential and office markets. It also has 43 percent-owned subsidiary Empire East catering to the lower to middle income-market segments.

Megaworld has a landbank of one million square meters, which could use up to 10 years of development excluding potential joint ventures.

Megaworld officials earlier said they expect net profit to grow by more than 20 percent this year, mainly coming from the rentals of office space by outsourcing companies and higher sales from middle-income projects.

Revenues are likewise seen to increase by more than 30 percent this year due to escalating rentals in the office sector.

Megaworld owns Eastwood City, a 16-hectare commercial and business enclave that houses a cyberpark where many call centers and information technology firms are located.

The company has set aside P25 billion over 10 years starting this year, on four major property developments, including the 50-hectare Mckinley Hill project in Fort Bonifacio and Newport City, a 25-hectare logistics center at the Villamor Airbase.

Another project of the company is the P15- billion Forbes Town Center, a joint development with the Bonifacio West Development Corp.

Other projects slated for completion from this year up to 2008 are The Eastwood Excelsior, One Orchard Road, The Grand Eastwood Palazzo and the Eastwood Parkview.

Apart from property development, Megaworld is also into hotel operations through Prestige Hotels & Resorts Inc., a subsidiary which operates the Richmonde Hotel in the Ortigas Center.

Wow, so I guess it won't be so CaliGardenSquare-ish at all.

I wonder where they will build it. Do you think it will be at the "lake-slash-foundation-hole" behind New Frontier Theatre? or it can also be at the other side of the coliseum opposite Gateway?

that sounds very crowded indeed. Tong mga developer talaga, they will not stop from thinking of something new to offer para matawag silang "first in the country..." etc.
This is a Megaworld project...so hopefully, it will not look like the CA Garden Square. Kasi sa Empire East naman yun di ba? Megaworld is more upscale...

Is this supposed to be a joke, a correction made by Inquirer on their previous article. Read on.

Here's where I got it.
http://money.inq7.net/breakingnews/view_breakingnews.php?yyyy=2005&mon=08&dd=04&file=17

------------------------------------

Megaworld ties-up with Araneta group on residential building
Posted: 4:50 PM | Aug. 04, 2005

Editors note: Company corrected size of project site in the second paragraph, to 35 hectares from 5 hectares.

(WITH CORRECTION) MEGAWORLD Corp. said it has teamed up with Araneta Center Inc. for a commercial and residential development project.

In a statement to the stock exchange, Megaworld said it would design, plan and construct 17 residential towers, comprising 6,000 condominium units, on a 35-hectare property within the Araneta Center commercial district in Quezon City.

The project will feature an elevated walkway that will interconnect all the residential buildings and provide easy access to two light rail transit systems nearby, Megaworld said.

The timetable and financial details were not disclosed.

Originally posted at 1:44 PM

-----------------------------------

35-hectares, as in, whhhaaat? and they're saying it's within Araneta Center.
How could it fit there???

kung tama ito ang masasabi ko lang ay WWWWWWWWWWOOOOOOOOOOOOOWWWWWWWWWW!!!!!!!!!!!!!!

35-hectares pala eh...!! hahaha! okay, good! and I like the three story high garden walkway that'll go through all the buildings. hehe! reminds me of Singapore! hopefully the architects and planners design it so that all the buildings are laid out nicely and every unit gets a good view. but I wonder how much parking space they're gonna need. haha! gonna add so much more traffic to the roads around the area and the MRT/LRT. hopefully by the time all 17 towers are completed, Metro Manila's transportation infrastructure will be improved and upgraded already...

...California Garden (Too) Square.hahahahahahahaha!!!!! nice one renell!! :D

just a question.. is the list on the 1st page of this thread updated? :)

the new Megaworld project would become another Eastwood City or Rockwell. Hope everything goes as planned! is this also the place where the Manila Tower will be built?

I'm currently in the process of updating it.
...will post the update soon :)

I just discovered today that the whole of Araneta Center is 35 hectares.

-----------------------------------

P15-B 'garden city' to rise at Araneta Center
Posted: 3:04 AM | Aug. 05, 2005
Elizabeth L. Sanchez
Inquirer News Service

PROPERTY developer Megaworld Corp. and Araneta Center Inc. have signed an agreement to transform the Araneta Center in the Cubao area of Quezon City into a "scenic garden city" through a P15-billion mass transport-based residential project.

Megaworld chairman and president Andrew Tan and Araneta Center chairman and CEO Jorge Araneta signed Wednesday night an agreement under which Megaworld will put up 17 buildings comprising 6,000 condominium units on a five-hectare property owned by the Araneta group in the 35-hectare Araneta Center complex.

Most of the residential towers in the project are to be completed in seven years and the remainder in 10 years. A three-story-high garden walkway will interconnect all the residential buildings and bring unit owners within walking distance of the stations of the Metro Rail Transit and Light Rail Transit, which intersect at the corner of the EDSA highway and Aurora Boulevard in Cubao.

The two overhead mass-transit rail lines carry an average of 1.2 million passengers a day.

Megaworld said in a disclosure statement to the stock exchange that the elevated walkway would be the first of its kind in the country to incorporate garden-style landscaping.

Mass transport-based residential projects are noted in such cities as Hong Kong and Tokyo, where many residential and leisure and shopping complexes are built around major subway stations. The one planned in Cubao will be the first in the Philippines.

"This is the first time that a residential project will offer fast and safe access to more places in Metro Manila than ever before through its strategic location and orientation to two mass transit systems," Megaworld spokesperson Francis Canuto said in the disclosure statement.

"All key points from north to south and east to west of Metro Manila along the service routes of the MRT-3 and LRT-2 lines will be just a few minutes away from the project," he said.

The Araneta Center, built by the Araneta family in the 1960s as the country's first leisure and lifestyle complex, is currently being redeveloped. The plans include new residential and office buildings to be built around the P2.5-billion Gateway Mall. With INQ7.net

ryan, kawawa naman aunti mo,

aron, I think it will be built where the white house is, (the house compund where the araneta's live) on tuason corner edsa till the farmers.

if it's 50000 sq.m. , assuming 70% usable, 70% buildable. with 17 buildings that's 1441 sq.m. per building. Assuming 6000 flats of 50 sq.m. that's 300,000 sq.m. sqllable, uprate to gfa 375000sq.m. divided by 1441 equals 260 floors .divided by 17 buildings is around 15 floors apiece.

I would think they would have 2 or 3 tall buildings though. The rest would be similar to California Garden square but with better density (less of it)

Just a guess. Good Project though.

Ah, yeah it could be at the Aranetas' mansion.

So the Regalia Parkplace Twins could be blocking some Makati and Ortigas views of some of its towers.

Nice computation, huh.

Well it's alright if it's just California Gardens height. It better not be California Gardens ugliness. Ugh:D It will be a big rehabilitation of the Araneta to turn from urban chaos into scenic garden city

A large scale residential zone in the Araneta Center will spur more growth in that area, helping them realize their vision for the complex, a vibrant city bustling with 24 hour activity... So we could be closer to seeing the other malls that will eventually envelope the coliseum aside from Gateway.

Kudos to Megaworld and the Aranetas for this great project! I hope that it would soon become a reality. In the meantime, the Quezon City Government and the MMDA should and must impose strict discipline on people who either work, live or visit the area. Take for example the overpass near P. Tuazon Street, where vagrants sleep, urinate or simply stay and live. The said overpass stinks with suffocating human urine/waste, not to mention the inconvenience being caused to passersby by vagrants who sleep there at any given time of night or day. It should be cleared no matter who gets hurt.

I think it will be higher than California Garden Square spec, most probably a megaworld project rather than a empire east, I doubt if papayag si jorge araneta otherwise. So probably more like the 5 heactares in Fort or Eastowood, with some small ones and a few big ones so you they can hit the market at different levels.

i think its middle to high end project sana katulad ng project nila sa the fort yung forbes town center

hopefully it would be good looking

Got this today from cocktales, Inquirer, take it with a ton of salt , although he has been known to be accurate!

Money-go-round

• MEGAWORLD will build the 17-condominium project with the Araneta group in four different locations in the 35-hectare Araneta Center complex in the Cubao area of Quezon City. The first cluster, whose groundbreaking is scheduled in the second quarter next year, will be constructed right next to the now decrepit New Frontier cinema.

The words Megaworld and 17 condominiums don't fit well together in my mind. Any renderings yet?

Got this today from cocktales, Inquirer, take it with a ton of salt , although he has been known to be accurate!

Money-go-round

• MEGAWORLD will build the 17-condominium project with the Araneta group in four different locations in the 35-hectare Araneta Center complex in the Cubao area of Quezon City. The first cluster, whose groundbreaking is scheduled in the second quarter next year, will be constructed right next to the now decrepit New Frontier cinema.

Next to New Frontier Theater... the foundation-hole lot which is currently a "lake"???

sana maging maganda yung project.inform us kung may bago about this development

Vol. XIX, No. 12
Thursday, August 11, 2005 | MANILA, PHILIPPINES
Property & Infrastructure

Office space development cycle gathers momentum

Recent research by real estate service provider Colliers International shows that average office rents are fast approaching the levels required to trigger a new office development cycle.

The research shows that if average rents grow by another 20% based on current construction and land values, a typical office development could generate acceptable returns for most developers.

Colliers forecasts that average office rents could reach this level by early to mid 2006, given recent strong rental growth on the back of continued strong service sector demand (principally the result of call center and other business process outsourcing activities) and sharply lower vacancy rates in the Makati central business district.

Said Colliers research director Richard Raymundo in a statement, "This is very significant because we are already seeing certain landowners actively considering previously shelved office development plans or studying new initiatives.

"The lack of new office supply combined with strong demand has pulled vacancies down to under 10% within the last year, much faster than we had anticipated.

"Yet with very little new supply in the pipeline, end-users, especially the large ones are fast running out of options."

Alan Dalgleish, Colliers managing director, added in the same statement, "Given the lead-time necessary to build large projects, we would urge developers to accelerate their development plans in order to meet market demand.

"Certain end-users have had to be satisfied with locating in properties such as retail malls and warehouses, which they would never otherwise consider.

"This is a good stopgap solution, especially given the amount of distressed asset and underutilized property on the market. But it is not a good long term solution for end-users who require modern facilities.

"Developers who have had the funds available to assist end-users by constructing smaller-scale build-to-suit facilities have capitalized on recent market demand. We believe the time is now ripe to consider larger scale medium and high rise office development."

Colliers International is a global partnership of independently owned commercial real estate firms. In Asia Pacific, Colliers International is wholly owned by the Colliers Macaulay Nicolls Group of Companies, which is the largest member of Colliers International.

The organization’s 9,141 employees span the world in 248 offices in 51 countries.

What are the current office developments?

Robinsons Cybergate Center (17 floors) is one. Aren't there also plans for Cybergate Two?

Eastwood also has plans for an office tower, the 1880 Eastwood Avenue, which if I can remember will be done in two phases. How many floors is this, there's no rendering yet?

Other office buildings that I can remember are AIC Empire, One ADB Avenue, Capital Place, Net Two Center, One Corporate Center (is this currently the biggest office space u/c?), 12-storey Gateway Mall office tower, 2-storey Gateway Call Center (former Plaza Fair). Any other? Only a few of them can be considered as a large-scale development. And only a few will be completed soon, a lot haven't started yet. Others like Jaka Tower, World Commerce Plaza, BPI Center???, Buendia Centre and SM-KS Towers are on-hold.

have they started with Net Two Center already?

I think not yet.

There isn't much office developments, the biggest we have is the 200+m One Corp.

thomasian, are you an architect?

Nope, I'm taking Computer Science.

i have a hunch the cluster would look like that around Velasquez Park in Salcedo Makati, with all those low rise and hi-rise condoes side by side. they look boxy and plain. and the park is not so impressive either. i wish they will make this look like Serendra.

I think Net two is going up, there's a decent sized building going up besides net 1, up to 4 or 5 stories and it's mostly parking, so it must be goind quite a bit higher.

thanks, I never thought it's already u/c.

that's net 2.. if you happen to be in the area, construction is ongoing.. i hope the exterior complements with net 1. i like that building.

btw, where's the victory center located in fort boni?

Infront of Market! Market!'s north side.

Is it in the area near IS and the Japanese/British schools?

Yes, basically besides IS.

Am not exactly sure about net 2, but I understand that , that building underconstruction is the one.

Has anyone figured the hole in the ground besides Discovery?

Aron, Francis, et al, our forumers na mahaba ang antena.

so any details on how Net Two will look like? Last statistic I found out about it, it was roughly the same area as One.

The thing I sent you before reported it at 30,000 sq.m. if it's to be believed.

Am not sure where to put this, anyway intersting insights into what's probably coming up.

Vol. XIX, No. 17
Thursday, August 18, 2005 | MANILA, PHILIPPINES
Property & Infrastructure

BY JENNEE GRACE U. RUBRICO, Senior Reporter
Residential projects moving to ‘cocooning’

The residential property development sector is moving towards cocooning with uniqueness, accessibility, and affordability as impetus, an official of a property research firm said.

Eastwood city in Libis, Quezon City: cocooning concept in the works

In an interview, Richard T. Raymundo, director for the research and consultancy division of Colliers International Philippines, Inc., told BusinessWorld that this trend will continue to be seen in the near term.

Cocooning, or building residential projects near business areas, Mr. Raymundo said, is hinged on the concept that residents integrate their lives in a "work-live-play" environment.

"They are now trying to package things with a work-live-play environment... You could be working in a call center and living in a studio [in the same area] and then if you’re hungry, just go down to your [a fastfood outlet], or whatever. They try to contain things," he said.

Mr. Raymundo said connecting residential and business areas fits the amenities concept, which is a differentiating mark from other developments. "They are trying to introduce something new in the market, and they try to set it apart with that."

Property developers, by adopting the setup, also get a captured market for retail ventures. "Technically it is a cocoon. You have your retail already there and the retail [could] even [be] connected by an underground walkway tunnel to the residential. Most of the residential [developments] right now would have a retail podium," he said.

Mr. Raymundo said Rockwell Land, Inc., Federal Land, Inc., Ayala Land, Inc., and Megaworld have adopted such a development concept.

He said cocooning can also work outside the business districts "given the right size of the retail component."

"Eastwood was not a business district before. The residential component still far outpaces the office segment. But it’s there. It’s a small retail," he said.

Another driving force for residential property development is affordability, Mr. Raymundo said.

"I think the theme is still for most part affordability. Condominiums that are moving right now are the ones that address affordability concerns," he said. These are those that have studio types and one-bedroom units.

He said even high-end condominiums, which are selling mainly because there is a dearth in supply, have become more affordable than they used to be because they are now smaller.

"The luxury segment in the past cycle versus what we have right now is totally different in terms of size. Back then you’d see a three-bed-room [unit] will be 300 square meters. Right now, a three-bed-room [unit] would be 150 to 200 square meters. So, in that sense, you still see that they are still addressing affordability issues," he said.

Mr. Raymundo said smaller luxury condominium units are "what the market needs right now."

Meanwhile, another driving force for residential developments would be accessibility, with many developers looking at areas beside stations of the Metro Rail Transit (MRT) along the Epifanio de los Santos Ave. (EDSA) as project sites.

"You see a lot of residential condominiums situated near MRT stations. That would be the next thing wherein from the condo unit you take the train going to work. Like Pioneer Gateway, you will have a series of residential condos there. Those are the things to watch out for," he said.

Mr. Raymundo said among the available properties are the lot in front of GMA 7 along EDSA, which will be developed by the Social Security System, and the Boni Serrano, Shaw Boulevard, and EDSA Central areas.

Offering "unique propositions" is also a trend in the property development sector given the stiff competition, Mr. Raymundo said.

For the residential projects, he said, developers have started offering units with lofts, as well as bi-level units in vertical developments.

He also said that uniqueness is also being taken into consideration in the leisure market, which, while still down, has already started showing signs of recovery.

"They have to offer something different, something unique for people to buy into a leisure development," Mr. Raymundo said.

For instance, the sale of farm lots and seaside residences are doing well, Mr. Raymundo said.

"These farm lots, technically, they’re residential. But if you think about it, it’s leisure. You don’t live there, it’s a secondary home. They go there on the weekend and ‘farm’ and it’s leisure. But they were able to put a new spin and create a new segment and depending on location, it works.

"Or seaside residential [projects like] Punta Fuego [in Nasugbu, Batangas], they’re unique. Those aren’t cheap but they’re selling. I guess it has to have a unique proposition," he said.

Mr. Raymundo said that overall, the property development sector will continue to grow, with office space rentals continually going up due to demand from business process outsourcing and call centers, and lack of space.

Retail, meanwhile, will continue to be driven by the economy and consumer spending, with malls looking at provincial markets as their new targets given that the segment may have reached saturation levels in some areas in Metro Manila, particularly along EDSA, he added.

Thanks, that's very informative. :okay:

Very interesting article. Nice to see that residential highrise demand is still there. All we need is more office demand.
And if condos along the MRTs keep getting built...we may see a linear skyline along EDSA in the future (actually more like curved since EDSA is an arch). I'm not sure i like that.

nice article @bustero.

just passed by that u/c along south super besides Innodata.. it has a small sign that says.. MAKRO store#14

regarding the Net Square, i got this from the boni web site:

"Construction of Net Square began this May and is expected to be completed by next year. The 21-storey Net Square is the second office project of the group that owns Net One, which is fully occupied. Other office buildings, including one that will house the headquarters of an international bank, will also be constructed within the year."

how tall is Net One?

also, does anyone know what this headquarters of an int'l bank would be? i hope it's a tall one.

hsbc

^^oh ok, thanks! do u have more info about that, bustero?

also, while doing a search, i stumbled upon this list (http://www3.hlurb.gov.ph/yabbse/attachments/taguig_projects.pdf#search='office%20projects%20bonifacio%20global%20city') of Taguig projects. among the list is a "Fort Bonifacio Global Tower". it's classified as residential and commercial condominium. have u guys heard about it yet?

thanks!

Nice find, tyronne! But how come Capital Place isnt there? :(

so if HSBC moves to Net 2, will they completely move out of Enterprise? I would have liked it if HSBC was on a taller building..hehe

I'm not sure if hsbc will move to net square , it's surely moving to the fort, and leaving Enterprise and Discovery Place. I do not think their building will neccesarily be taller than enterprise though :baaa:

there seems to be a U/C along EDSA southbound near ortigas. It's right across the Old Galleria Building (EDSA northbound,) and beside the flyover to San Juan, Greenhills.

You're not talking about skycity are you?

if You're talking about highway 54 strip mall that's accross megamall , it this what you mean?

the convergys building in ayala..

http://www.imagestation.com/picture/sraid183/p131e585a268a0be22cdcdd34bf103cf9/f2aaaa80.jpg

Not Bad...but People Support building is much better:)

Well that's... 1/3 of Jaka covered up on that side:D How about building something where this photo was taken from? Or is this like MMC land?

Its MMC's parking lot

yup.. it's the parking lot of MMC.

Its MMC's parking lot

oops wrong entry :bash:

got this from PEZA... pls comment. just wana know something about these :)


Araneta Cyber Center
Location: EDSA cor. Aurora Avenue, Cubao, Quezon City
Area: 35.5 hectares
Preferred Industries: Local and International IT, Multimedia and Related Activities
Developer / Operator: Araneta Center, Inc. (ACI)
Equity Participation: 100% Filipino

6750 Ayala Avenue Building
Location: Ayala Avenue, Ayala Center, Makati City
Area: 4,759 sqm land area / 68,907 sqm gross floor area
Existing Industries: IT Industries
Developer / Operator: Ayala Land, Inc.
Equity Participation: 100% Filipino

Aseana Intelligent Technologies Plaza
Location: Aseana Business Park, Boulevard 2000 Parañaque City
Area: 12.2747 hectares
Preferred Industries: IT Related Industries
Developer / Operator: Aseana IT Plaza, Inc.
Equity Participation: 100% Filipino

BA-Lepanto IT Building
Location: 8748 Paseo de Roxas, Salcedo Village, Makati City
Area: 2,400 sqm land area / 34,936.61 sqm gross floor area
Preferred Industries: IT Related Enterprises
Developer / Operator: BA-Lepanto Condominium Corporation
Equity Participation: 60% Filipino / 40% American

Bonifacio Information Special Technology Zone
Location: Fort Bonifacio, Taguig, Metro Manila
Area: 25 hectares
Preferred Industries: Local and International IT, Multimedia and Related Activities
Developer / Operator: Bases Conversion and Development Authority (BCDA)
Equity Participation: 100% Filipino

BPI Buendia Center
Location: Sen. Gil Puyat Avenue, Makati City
Area: 3,500 sqm land area / 59,375.76 sqm gross floor area
Preferred Industries: IT Related Enterprises
Developer / Operator: Bank of the Philippine Islands
Equity Participation: 67.5% Filipino / 32.5% Foreign

Convergys IT Building
Location: Ayala Avenue cor. Salcedo Street Makati City
Area: 5,868 sqm land area / 18,952.55 sqm gross floor area
Preferred Industries: IT Related Enterprises
Developer / Operator: Ayala Land Inc.
Equity Participation: 100% Filipino

Diliman IT Building
Location: Commonwealth Avenue, Diliman Quezon City
Area: 2,915.30 sqm land area / 11,500 sqm gross floor area
Preferred Industries: IT Related Enterprises
Developer / Operator: Diliman Realty and Development Corporation
Equity Participation: 100% Filipino

DPC Place Building
Location: 2322 Chino Roces Avenue, Makati City
Area: 2,977 sqm land area / 24,836.25 sqm gross floor area
Preferred Industries: IT Related Enterprises
Developer / Operator: Cyan Management Corporation (CMC)
Equity Participation: 100% Filipino

East Cyber Gate Building
Location: 169 EDSA, Mandaluyong City
Area: 990 sqm land area
Preferred Industries: IT Related Enterprises
Developer / Operator: Equinox Land Corporation
Equity Participation: 100% Filipino

E-Square IT Park
Location: Fort Bonifacio, Global City Taguig, Metro Manila
Area: 24.37 hectares
Existing Industries: IT Enabled Services
Developer / Operator: Fort Bonifacio Development Corporation
Equity Participation: 100% Filipino

Filinvest Technology Park - Teresa
Location: Dalig, Teresa, Rizal
Area: 26.60 hectares
Preferred Industries: Electronics, Electrical and Consumer Goods
Developer / Operator: Filinvest Land, Inc.
Equity Participation: 100% Filipino

what do you want to know about them? or you want to know more about PEZA?

got this from PEZA... pls comment. just wana know something about these :)

You're not talking about skycity are you?

if You're talking about highway 54 strip mall that's accross megamall , it this what you mean?

nope, not this mall. Theres a UC across Galleria Corporate Center.. on the other side of EDSA, not in Mega mall

I refer to two things in the above post, highway 54 is in front of megamall.

Skycity is diagonally accross Galleria on the site of the old tropical hut. We've got a thread or discussion of this someplace, it's on hold pending legal issues.

Am not sure if this is what you mean.

I refer to two things in the above post, highway 54 is in front of megamall.

Skycity is diagonally accross Galleria on the site of the old tropical hut. We've got a thread or discussion of this someplace, it's on hold pending legal issues.

Am not sure if this is what you mean.

i see.. i'm not really sure, because it's the first time (well, second) i've noticed it. I'll check again if there are any moving tractors when i pass by :D

and if it's skyscity, the location is not really that good! there are no tall buildings beside it. it would be better if it were to be built beside the towers in Ortigas

i see.. i'm not really sure, because it's the first time (well, second) i've noticed it. I'll check again if there are any moving tractors when i pass by :D

and if it's skyscity, the location is not really that good! there are no tall buildings beside it. it would be better if it were to be built beside the towers in Ortigas

Skycity has been a project that has been dead for a while now. Dont expect any activity on its site.

what do you want to know about them? or you want to know more about PEZA?

just wanted to know if these buildings are finished or not... its from the PEZA website. :)

not all of them are buildings.. some of them are IT parks.

The Araneta Cyber Center I think includes Gateway and other future developments.

6750 is already there.

BA Lepanto is an old office building along Paseo, they're almost like vacant, and just applied for PEZA accreditation recently. The building is like over 20+ years.

Bonifacio Information Special Technology Zone - I don't know if this is the same as E-square IT Park, or maybe this one is located on the other side of Fort Boni (near South super highway).

Buendia Center is already there.

Convergys is under construction.

DPC Place i think is already there.

E-square IT Park is the place where Net One Center and HatchAsia is located. The whole area is PEZA accredited.

There are other PEZA accredited buildings in Makati, RCBC, Enterprise, Philam, Equitable, Export Bank Plaza, I think GT Tower and LKG also applied for PEZA accreditation.

ahh, ok. thanks! :)

Skycity has been a project that has been dead for a while now. Dont expect any activity on its site.

i thought they will still build the skycity w/ less heights.

i thought they will still build the skycity w/ less heights.

No. Its has been cancelled. Its not that they ran out of money, they had enough. The issue was that people living in Greenhills sought legal action to stop construction because they didnt want a tower casting a shadow over their mansions and taking up all their water supply.

yeah and to think that a lot of peopple will have a nice view over their homes, talking about privacy and resources

There was news about Skycity and E. Ganzon earlier this year... some court crap, nothing happened unfortunately. Thankfully Ortigas has two other skyscrapers which are set to break 200m: One Corp and St. Francis

SMIC to Launch Project Before 2006
Business World 8/9/05
Holding firm SM Investments Corp. (SMIC)
plans to launch three real estate projects
before the year ends. The projects will be
in Sta. Mesa, Manila, Baguio City and Batangas.
One of the projects will be affordable housing
in Sta. Mesa, Manila across the SM
Centerpoint shopping mall. The project will
be a condominium building that is less than
30 storeys high. There is no specific location
yet for the Baguio project but it will be
in a one-hectare lot. SMIC will also build
Hamino, a resort, in Batangas before the end
of the year. It will occupy 5,000 hectares of
land bigger than the Tagaytay Highlands.
Another project in the offing is a condominium
building, or hypermarket along Vito
Cruz St. in Manila.

Call Centers Push Office Rent Up
Philippine Daily Inquirer 8/27/05
With no new buildings currently coming up,
the lack of new office spaces available together
with the continued demand from
call center businesses has pushed prime
office rental rates upward by 4% quarteron-
quarter to an average of P514 per
square meter per month at the end of second
quarter of 2005. This was indicated in
the Colliers International Asia-Pacific Office
Market Overview’s quarterly regional
research released in July 2005. The research
also indicates that rents would rise by 15%
year-on-year over the next 12 months. The
total stock of the office space in Makati CBD
increased slightly to 2.63 million sq m due
to the completion of the 15,800-sq-m People
Support Center in the second quarter
of 2005. It cited that with the exception of
Convergys, which is an outsourcing firm
with six contact centers in Metro Manila
and one in Cebu, the build-to-suit project
entailing 14,300 sq m, there would be no
new supplies of office spaces in the next
three years. The Department of Trade and
Industry estimated that the call center industry
would continue to grow by at least
50% this year.

---------
09.04.05
---------

The Sanctuarium - A skyscraper condominium for the dead:
http://i23.photobucket.com/albums/b358/thomasian/The-Sanctuarium.jpg

:lol: mukha nga. pero at least skyscraper. :D

its ridiculously creepy, nonetheless... *shudder*

Seriously, though, we're not Singapore. We can afford to have lots of land allocated for pretty cemeteries.

Projected in-house call center boom faces premium office space scarcity
By MARICEL E. ESTAVILLO, Reporter

Vacancy of top-grade office space in Metro Manila is expected to bottom out by next year to five percent of the total from present eight percent, the lowest in 15 years. This increasing scarcity comes at a time when big foreign firms operating in the country are expected to form their in-house call center units that will need precisely such office spaces by next year.

For next year, there will be a maximum of about 50,000 square meters of available office space in "prime" and "grade A" buildings in Metro Manila’s central business districts (CBDs), against an anticipated demand for 115,000 sq.m., property consultant David T. Leechiu told BusinessWorld in an interview.

"Prime" and "grade A" office spaces are typically located in key CBDs, with contiguous floor space measuring at least 2,000 sq.m.

Mr. Leechiu, president and general manager of Leechiu and Associates, Inc., said the demand for these buildings is largely driven by the growth of the information technology (IT) outsourcing sector. In fact, most of the demand for such space next year will come from in-house back-end facilities, or those set up by multinational companies to serve their own requirements.

NEED FOR SPACE

Cesar S. Tolentino, senior analyst of Canadian IT research and consulting firm XMG, Inc., said in a separate interview that the country might see some 10 to 15 big foreign firms setting up in-house back-end offices -- most of them call centers -- in the next two years.

"These in-house call centers are not going to move [to areas measuring] between 300 sq. m. and 400 sq. m. of floor space. They are going to move into floor space between 3,000 sq.m. and 5,000 sq.m. But right now, there’s nowhere to go," said Mr. Leechiu.

Yet, he said only three newly constructed top-grade buildings are entering the market next year. With total floor space of 48,000 sq.m., these three are the Alabang Northgate Cyberzone Building A in Filinvest Corporate City in Alabang, Muntinlupa; the NetSquare in Fort Bonifacio Global City in Taguig; and the MC IT Building in Ortigas Center in Pasig City -- all in Metro Manila.

And this early before targetted completion next year, most of the space in these three buildings have already been sold.

For instance, Mr. Leechiu said that almost 50% of the Net Square building, the biggest among the three buildings due for completion next year, are now under negotiation. The 22-storey Net Square is developed by 18-2 Property Holdings, Inc., owned by Jacques A. Dupasquier and Macario S. Rufino.

"It broke ground in May. And three and a half months from ground breaking, seven out of the 15 office floors are now under negotiation. No [other] building has done that; it’s the first building to be built for speculation to be pre-leased this early," said Mr. Leechiu.

Net Square owners expect the entire office floors to be leased out by January next year, ahead of its scheduled completion by July. Monthly lease rate runs between P450/sq.m. to P500/sq.m.

Without disclosing names, Mr. Leechiu said future locators in Net Square are big brands engaged in call center, software development, food, and technology for devices like televisions and cellular phones.

Seven other new buildings in the pipeline, with consolidated floor space of 516,000 sq.m., would be available only after 2006. These buildings are:

Robinsons Gateway Center 2 in Robinsons CyberPark;
1880 Eastwood Avenue in Eastwood City;
Cyber Two, also in Eastwood City;
One Corporate Center in Ortigas Center;
SM Call Center Building in Bay City,
SMKS Building in Ortigas Center; and
the SSS Corporate Tower in Quezon City.

TIGHTENING SUPPLY

Mr. Leechiu said that, unlike in the country’s property boom from 1992 to 1997, the supply now of quality office space is not catching up with the demand.

"We also had an undersupply then. But at least we had new space coming into the market. If they wait for six months, there would be new buildings and if they wait for a year, there would be two or three buildings," he said.

But immediately after the 1997 financial crisis, monthly lease prices fell by almost 70% from a peak of P800/sq.m. to P280/sq.m. in 2003.

"All the developers got burnt in the office market. And because of so much bad experience, they purposely avoided the office market and resources went to residential projects such as condominiums," Mr. Leechiu recalled.

Hence, a glut is expected to hit the condominium market between 2007 and 2008.

The dearth in readily available quality office space is feared to jack up lease rates next year.

Prime buildings like Ayala Triangle Tower One & Exchange Plaza, The Enterprise Centre, Philamlife Tower, and RCBC Plaza are expected to test the monthly P700/sq.m. lease rate towards the end of next year from present P600/sq.m..

As of just last month, occupancy rate in these four buildings hit 97% to 99%, and total vacancy is just 5,452 sq.m..

"Rents would go up. But I don’t think it will keep on going up and up every year, in terms of double-digit growth, because eventually it will plateau the moment it hits the level that would motivate other developers to start constructing buildings. You will see more buildings coming out but still very few big buildings," said Mr. Leechiu.

Moreover, "grade A" buildings are also trying to push the rates up to P500 to P600 from a low of P400 to P450. Examples of "grade A" buildings in Makati CBD are 6750 Ayala Avenue Office Tower, Philamlife Tower, and PBCom Tower. In Ortigas CBD, there are Antel Global Corporate Center, Discovery Center and Wynsum Corporate Tower, to name a few.

"They are trying to push that [rates] up. But I’m not sure how successful they are going to be," said Mr. Leechiu.

TO THE HIGHEST BIDDER

Total vacant floor space in "grade A" buildings in 13 buildings inside the Makati CBD is 37,948 sq.m., and 30,0000 sq.m. from 12 buildings in Ortigas CBD.

"There is so little space and very few whole floors in the market. The ones that are available are under negotiation between three and four parties. And these would be leased out anytime from today. What’s going on is that tenants are now competing for space and the landlords are bidding for higher prices," said Mr. Leechiu.

But, he noted that there is a glut in the "grade B" market, or those buildings with contiguous space of 250 sq.m. "There’s a glut here because other sectors of the economy are not growing," he said.

With vacancy dropping and lease price increasing, companies are now forced to plan years ahead of their actual demand. "They have to plan way, way ahead. Before, they used to plan six months down the road. But now, they need to plan two years even three years ahead. Because if they don’t, by the time they need it, there is nowhere to go or they could not afford the place," said Mr. Leechiu.

Rental cost, including electricity cost to run air-conditioning, is estimated to be the third biggest expense of a company locator, after labor and telecommunication expenses. Rental cost accounts for 25% to 30% of the monthly operating cost of a company. Building owners charge anywhere between P500/hour to P1,500/hr. per floor for air-conditioning alone.

^^ SMKS Bldg in Ortigas. any updates?

How about MC IT in Ortigas? Where's that supposed to be? and how about One Corporate Center?

SMKS Bldg,anong project ito any rendering.thank you

Eastwood City Cyberpark claims top spot among BPO hubs

MEGAWORLD Corp., known mainly as a residential property developer, has become a leading provider of office space to the business process outsourcing (BPO) industry.

The rapid growth of BPO companies in the Philippines has pulled the office space sector out of the doldrums. The sector faces bullish prospects as call centers and IT companies lead a robust demand for office space not only in Metro Manila but also in other key cities in the country.

Megaworld says its Eastwood City CyberPark now ranks as a "first-choice" BPO center.

CyberPark hosts around 54,000 square meters of office space for major BPO tenants such as IBM, Citibank's Asia Pacific Systems and Technology Solutions Development Center, Asia-based call center eTelecare, anti-virus software developer Trend Micro, animation company TOEI Animation Philippines, custom power supplies provider Emerson and its subsidiary Astec Power, Canon's research and development arm Canon Information Technology Philippines, and Linksys technical support center Link2Support.

CyberPark has five office buildings: Citibank Square, IBM Plaza, Cyber One, TechnoPlaza One and Customer Contact Center or C-Cubed. IBM Plaza boasts a mere three percent vacancy rate, Cyber One is almost fully taken up, while all other buildings, including Eastwood Corporate Plaza (now Epixtar House, the Philippine headquarters of call center company Epixtar) are 100-percent taken up. The International Centre for Information Technology Education is also home to several BPO companies.

Megaworld plans to expand the cluster of towers in its corporate block. Construction is set to start for 1880 Eastwood Avenue, a high-tech office building that is slated for completion by the first quarter of 2007. This will be followed up by two more office projects: Cyber Two and Cyber Three.

CyberPark has a 24/7 lifestyle supported by Eastwood City's residential section and a popular lifestyle and leisure center, Eastwood City Walk 1 and 2.

It offers BPO companies a package of incentives approved by the Philippine Economic Zone Authority.



-----------------------------------
at least those two green proposed IT buildings aren't shelved off. i hope they will be as tall as CyberOne or even taller :D

from SM's website..

In addition, more SM malls are expected to crop up in the coming years. SM Group is targeting an expansion of four malls per year, in addition to the 19 they now have. Cabuñag adds “that in the same way, we are going to identify which malls we are going to have our properties in.” SM-ACA of Vito Cruz will be their one of their new mixed-use developments.

I wonder what will it be?? The area is too small to be a mall.. could be another condo / or hypermart?

...I wonder what will it be?? The area is too small to be a mall.. could be another condo / or hypermart?

actually its both.

i just got a brochure for a condo "Valencia Hills" in Greenhills, San Juan. Is this a new development? Mrktg manager Federal Land, Developer: Topsphere Realty Development. There seems to be 4 towers, 2 22-storey buldings and two smaller ones

The taller towers look similar to Bay Gardens

That Valencia Hills has been completed a couple of years ago.

ok thanks thomasian. i thought it was a new one coz the brochure was given with the brochure for the Mactan tower of Bay Gardens

Cyber 3? Wow! that's new!

anybody heard if there is going to be a new project in Makati along Legaspi St. in Legaspi Village?.... the other day I walked on that street and saw a building being demolished.. this is between the CAP Building and GSIS building...

and.. yesterday I saw that a new building is being built on SM City parking area.. is this a mall extension? plus I saw cranes up already on the North Triangle Mall....

^^ that's a new parking bldg and mall annex in sm city north edsa...

and yeah, there are several cranes up now on NTM!

here at Greenbelt along Legaspi st.. they've already removed the 2 level parking besides the chapel.. i wonder will this now become GB5??

Also - along Paseo in front of Mandarin.. the 2 level parking lot there has been removed too.

Baka nabenta na ang parking.

The Paseo lot hmmm, if this is ALI then they probably are going to build another quick short building.

malalim na rin yung hole don sa dating parking space in front of Italiannis and besides Mcdo dito sa GB1..

Baka nabenta na ang parking.

The Paseo lot hmmm, if this is ALI then they probably are going to build another quick short building.

Could it be Accenture/E-Services 3?

here at Greenbelt along Legaspi st.. they've already removed the 2 level parking besides the chapel.. i wonder will this now become GB5??

Also - along Paseo in front of Mandarin.. the 2 level parking lot there has been removed too.

Most likely that would be GB5.

Paseo? I've seen some scaffoldings (unassembled) long before, and I wonder what will these be for? I'm skeptic about it being an office project. It's very out of way. Those Atrium is there. But it's mostly a row of residentials - thus the term apartment ridge. Let's see.

are there renderings for the GB5 already?

i don't think there's one now.

Robinsons Cybergate Center:
http://www.robinsonsproperties.com.ph/images/projects/2rcc.jpg

Now all of RLC's office buildings are fully occupied.
Any info about the planned Cybergate Two?
It could be taller than originally planned because of the high demand for office space right now.
I think someone said before that it will be 25-storeys. Anyone confirm?

they're also clearing out that old building where the old Max's restaurant is.. the tenants there are vacating the space.. so if this will be GB5.. it will be big..

Most likely that would be GB5.

Paseo? I've seen some scaffoldings (unassembled) long before, and I wonder what will these be for? I'm skeptic about it being an office project. It's very out of way. Those Atrium is there. But it's mostly a row of residentials - thus the term apartment ridge. Let's see.

The Plaza's (between GB1 and GB2) lease expires at the end of this year.
Could it be part of GB5? If so then it will really be big.

I heared cybergate 2 is supposed to be higher, depending on the performance of cybergate 1.

on a side note, these developers really should have a better names, between cyber and gate, there are so many buildings that seem the same. Very confusing for people.

They should be taking out max for the next GB phase.

Robinsons Cybergate Center:
http://www.robinsonsproperties.com.ph/images/projects/2rcc.jpg

Now all of RLC's office buildings are fully occupied.
Any info about the planned Cybergate Two?
It could be taller than originally planned because of the high demand for office space right now.
I think someone said before that it will be 25-storeys. Anyone confirm?

i like so much this building!! :) & the next one is only 25 stories??!! sayang naman...

i think that's why Max's has already moved across to GB1.. to a smaller space tho.. maybe they will have another store inside GB5..


They should be taking out max for the next GB phase.

Good luck to them all then. I hope gb5 or whatever it's called will be fine architecture.

Robinsons Land to build second cyberzone building in Mandaluyong
Robinsons Land Corp. is putting up its second cyberzone building in Mandaluyong City to cater to a rising demand for office spaces from business process outsourcing firms.

The property development arm of the Gokongweis’ JG Summit Holdings, Inc. is banking on the glowing prospects in the industry with the 27-storey building slated for completion by the first quarter of 2007.

Danilo E. Ignacio, general manager for Robinsons Land’s high-rise buildings division, told BusinessWorld the building, which will rise beside the newly unveiled 18-storey Cyberzone Building at the back of Robinsons Place at Pioneer in Mandaluyong City, will have a leasable area of 42,000 square meters -- larger than the 27,000 square meters of Cyberzone.

"We decided to construct another building because even before the Cyberzone was unveiled, we have been receiving many inquiries. Encouraged by the strong demand, we wanted to build fast. The 27-storey building will be completed in one and a half years, a little longer than the 18-storey Cyberzone which was built in one year," Mr. Ignacio said.

Big foreign firms had reportedly expressed interest to lease several floors in the new building, which is accessible to public transport such as the Metro Rail Transit and buses due to its proximity to the EDSA thoroughfare. Employees of business process outsourcing firms, working round-the-clock with most shifts ending in the wee hours, require immediate access to public transport.

"Our first building, which is 13 floors above ground, had been substantially leased," he added.

Global management consulting and technology services organization Accenture is leasing three floors.

The other occupants in the Cyberzone include West Contact Services, which occupies two floors with an option to add one and Win Ace, which leases a floor with an option also to add another. The Cyberzone was designed originally as a 17-floor building but it was made into an 18-storey edifice, with the rooftop converted into another floor, to cater to the demand for office space.

"The advantage of our office buildings is that they are just across each other. They are also unique because there are few office buildings like these in Metro Manila that have easy access to public transport for [the] employees’ convenience. The tenants also get to enjoy tax perks because this area [a place in Pioneer where Robinsons establishments and buildings are located] is PEZA [Philippine Economic Zone Authority]-registered. The office buildings also boast of efficient designs that accommodate more people," Mr. Ignacio said.

Rents for each floor range between P350,000 and P400,000 monthly.

He did not say how much Robinsons Land is spending for the construction of the second building.

"We are actively opening buildings -- office and residential -- in Metro Manila almost every quarter. In October, the third tower of our Adriatico Place in Manila will be launched. We are also exploring other build-to-suit office buildings where we will exercise a specific-tenant approach. Tenants will sign a lease contract first before we construct buildings to suit their needs. The lease term will be three to five years," Mr. Ignacio said.

Glad that Cybergate Two is coming.
It's no surprise Robinsons will also be engaging in build-to-suit office buildings.
I wonder where they will place them.

The only problem with Build to Suit, you won't get too many spectacular Skyscrapers.

I agree! buti pa some major cities in China and Malaysia, they build skyscrapers even the demand is not that high YET.

but you have to see things from the businessmen's perspective...you can't just burn millions of dollars for a building without some sort of a guarantee that you'd be able to get more millions out of it.

^ yes indeed. Philippine skyscrapers, unlike Dubai's or Shanghai's, aren't tailor-made to impress. They are there for a specific reason, which is for workers to occupy it and be productive in it. the only things that will impress these businessmen are high profits. I'd rather have a lot of profit and a measly rented office than no profit and a 50 storey scraper;)

there's news about Megaworld's cybepark in Mc Kinley Hill BGC. can anyone give more details? :D

PEZA okays Megaworld’s P8.2-B IT park in Bonifacio Global City
By Zinnia B. Dela Peña
The Philippine Star 09/15/2005

The Philippine Economic Zone Authority (PEZA) has approved Megaworld Corp.’s planned information technology park at the 50-hectare McKinley Hill in Bonifacio Global City.

Of the 50-hectare property, 35 hectares have been set aside for the development of the McKinley Hill Cyberpark.

The PEZA approval requires Megaworld to provide basic infrastructure and facilities in the McKinley Hill Cyberpark such as high-speed telecommunications facilities, clean uninterruptible power supply, computer security and building monitoring and maintenance systems and basic utilities.

Locators in PEZA-registered zones can avail of government incentives such as income tax holiday of four years to six years and exemption from payment of duties and other taxes on imported machinery and equipment.

Megaworld has set aside at least P8.2 billion for the development of the cyberpark, which is scheduled to start in the first quarter of 2006.

The project will have a gross floor area of 200,000 square meters and will be undertaken in several phases.

McKinley Hill Cyberpark is geared to meet rising demand for high-tech office space from the business process outsourcing sector (BPO), particularly the call center industry, Megaworld said.

Megaworld will also build retail shops and condominiums in the area, replicating the development in Eastwood City Cyberpark in Libis, Quezon City – the company’s first venture in ecozone development.

Prospective company locators in McKinley Hill Cyberpark include existing clients in Eastwood City Cyberpark that are upbeat on their expansion plans.

McKinley Hill will comprise a residential subdivision, low-rise condominiums and a commercial center. The project is a 50-50 joint venture with the Alliance Global Group Inc.

To take advantage of the huge demand for BPO services, Megawold is building a new cyberbuilding at the Eastwood City, estimated to cost around P3 billion.

To be called 1880 Eastwood Avenue, the building will be developed in two phases with the first one costing P1.2 billion to P1.5 billion. The first phase will have a gross building area of 40,000 square meters and is slated for completion by the first quarter of 2007. The second phase, on the other hand, will occupy 50,000 square meters.

Eastwood City Cyberpark has five office buildings to date. These are Citibank Square, IBM Plaza, Cyber One, TechnoPlaza One and Customer Contact Center or C-Cubed. It is also the location of Epixtar House, the Asia Pacific headquarters of call center company Epixtar.

It also hosts 54,000 square meters of office space for major tenants such as IBM, Citibank’s Asia Pacific Systems and Technology Solutions Development Center, Asia-based call center eTelecare, anti-virus software developer Trend Micro, and animation company TOEI Animation Philippines, to name a few.

Through the combined efforts of the Department of Trade and Industry and key BPO players, the Philippines is poised to capture a bigger share of the global outsourcing market. BPO is the country’s fastest-growing sector and studies show that it will be a multi-billion dollar industry in the next few years.

For this year, Megaworld is looking at a net income of between P717 million and P746 million as against the P574.2-million profit reported in 2004. Growth is expected to come from middle-income projects and rentals of office space by outsourcing companies.

Megaworld had credited call centers for single-handedly raising occupancy rates and rents in office buildings during the last three years.

Sounds good. I hope Megaworld will be forced to pull out the good designs in BGC. By no means is 8.2B in the Phils not enough:D

guys.. I just noticed a new fenced lot in Makati along Dela Rosa St. near the corner of Rufino (Herrera) St... It is a Cityland building... not sure if the others have seen this... just forgot the name...

and the open parking lot between McDonald's and Greenbelt 1 and Greenbelt 2 is now being reconstructed as a multi-storey parking area..

And behind Greenbelt 2, I just noticed that the new structure there is where the Avaya Heights showroom is found... the one in Subic...

is this just a multi-storey parking area? I think i've seen 3 levels already..


and the open parking lot between McDonald's and Greenbelt 1 and Greenbelt 2 is now being reconstructed as a multi-storey parking area..

yeah.. it seems like it is going to be 3 storeys...

So Greenbelt 5 hasn't started construcion yet?

So Greenbelt 5 hasn't started construction yet?

saw a glimpse of the news this morning.. a construction worker died after he fell from the rooftop of the u/c makro store along south super (near corner of Buendia).

yeah, they rushed him to the hospital but to no avail.

Metro Manila Proposals and U/Cs: http://www.skyscrapercity.com/showthread.php?t=214800

Metro Manila Proposals and U/Cs II: http://www.skyscrapercity.com/showthread.php?t=214804

--------------------------------------------------------

List of Metro Manila Proposals and U/Cs:

+ = u/c
++ = u/c, topped-off

1. ++Malayan Plaza, Ortigas Center - 38 floors
2. NorthPointe Residences Tower I, SM North Edsa - 16 floors
3. NorthPointe Residences Tower II, SM North Edsa - 16 floors
4. NorthPointe Residences Tower III, SM North Edsa - 16 floors
5. NorthPointe Residences Tower IV, SM North Edsa - 16 floors
6. ++The Columns Tower I, Makati - 30 floors
7. ++The Columns Tower II, Makati - 30 floors
8. +The Columns Tower III, Makati - 30 floors (u/c at podium level)
9. +The Saint Francis Tower I, Ortigas Center - 60 floors (excavation)
10. +The Saint Francis Tower II, Ortigas Center - 60 floors (excavation)
11. ++The Shang Grand Tower, Makati - 46 floors
12. The Metropolitan at Metroclub, Makati - 48 floors
13. +Anaheim Tower I of California Garden Square, Mandaluyong City
14. +Anaheim Tower II of California Garden Square, Mandaluyong City
15. +Anaheim Tower III of California Garden Square, Mandaluyong City
16. +Anaheim Tower IV of California Garden Square, Mandaluyong City
17. +Burbank Tower I of California Garden Square, Mandaluyong City
18. +Burbank Tower II of California Garden Square, Mandaluyong City
19. +Burbank Tower III of California Garden Square, Mandaluyong City
20. +Carlton Tower I of California Garden Square, Mandaluyong City
21. +Carlton Tower II of California Garden Square, Mandaluyong City
22. +Carlton Tower III of California Garden Square, Mandaluyong City
23. +Dayton Tower I of California Garden Square, Mandaluyong City
24. +Dayton Tower II of California Garden Square, Mandaluyong City
25. +Dayton Tower III of California Garden Square, Mandaluyong City
26. +Fairfax Tower I of California Garden Square, Mandaluyong City
27. +Fairfax Tower II of California Garden Square, Mandaluyong City
28. +Fairfax Tower III of California Garden Square, Mandaluyong City
29. +El Dorado Tower I of California Garden Square, Mandaluyong City
30. +El Dorado Tower II of California Garden Square, Mandaluyong City
31. +El Dorado Tower III of California Garden Square, Mandaluyong City
32. +G.A. Tower I, Mandaluyong City – 30 bilevel floors = 60
33. G.A. Tower II, Mandaluyong City – 30 bilevel floors = 60
34. Gateway Garden Ridge, Mandaluyong City - 15 bilevel floors = 30
35. Gateway Garden Ridge Tower 2, Mandaluyong City
36. Gateway Garden Ridge Tower 3, Mandaluyong City
37. Gateway Garden Heights North Tower, Mandaluyong City
38. Gateway Garden Heights South Tower, Mandaluyong City
39. Gateway Garden Heights East Tower, Mandaluyong City
40. Gateway Garden Heights West Tower, Mandaluyong City - 15 bilevel floors = 30
41. +Laguna Tower of The Residences at Greenbelt - 48 floors
42. San Lorenzo Tower of The Residences at Greenbelt
43. Tower III of The Residences at Greenbelt - <48 floors
44. +One Adriatico Place, Manila - 38 floors
45. Two Adriatico Place, Manila - 38 floors
46. Three Adriatico Place, Manila - 38 floors
47. +One Gateway Place, Mandaluyong City - 33 floors (excavation)
48. +One Corporate Center, Ortigas Center (excavation)
49. ++Xavier Hills Tower I, San Juan - 12 bilevel floors = 24
50. ++Xavier Hills Tower II, San Juan - 14 bilevel floors = 28
51. ++Xavier Hills Tower III, San Juan - 19 bilevel floors = 38
52. ++Robinsons Cybergate Center, Mandaluyong City - 18 floors
53. Robinsons Cybergate Center Two, Mandaluyong City - 25 floors
54. +Joya Lofts at Rockwell Center North Tower - 46 floors (excavation)
55. +Joya Lofts at Rockwell Center South Tower - 44 floors (excavation)
56. ++The Manansala at Rockwell Center - 41 floors
57. +SOHO Central, Mandaluyong City - 35 floors (excavation)
58. +SOMA Tower I at BGC - 38 floors (excavation)
59. +SOMA Tower II at BGC - 38 floors (excavation)
60. +The Millenia Tower, Ortigas Center - 30 floors (excavation)
61. +Lancaster Suites Tower I, Mandaluyong City - 33 floors
62. Lancaster Suites Tower II, Mandaluyong City - 33 floors
63. Lancaster Suites Tower III, Mandaluyong City - 33 floors
64. ++Lee Gardens Tower I, Mandaluyong City
65. ++Lee Gardens Tower II, Mandaluyong City
66. Lee Garden Binondo Tower I
67. Lee Garden Binondo Tower II
68. Dansalan Gardens Tower II, Mandaluyong City (u/c on-hold at 2nd level)
69. Dansalan Gardens Tower III, Mandaluyong City (u/c on-hold at 2nd level)
70. +Eastwood Parkview Tower I - 40 floors (basement-level works)
71. +Eastwood Parkview Tower II - 40 floors (basement-level works)
72. +One Central Park at Eastwood City - 38 floors (basement-level works)
73. Eastwood Hotel and Residential Suites - 38 floors (basement-level works)
74. +The Grand Eastwood Palazzo - 38 floors
75. +One Orchard Road at Eastwood City - 38 floors
76. ++Two Orchard Road at Eastwood City - 38 floors
77. ++Three Orchard Road at Eastwood City - 38 floors
78. West Parque at FCC
79. Vivant Flats at FCC
80. Pioneer Pointe, Mandaluyong City - 30 floors
81. +The Bellagio Tower I - 38 floors (excavation)
82. The Bellagio Tower II - 38 floors
83. The Bellagio Tower III - 38 floors
84. The Icon Residences at BGC - 33 floors
85. Possible Twin of Icon
86. +Skyline Tower at Andrea North Complex (beside Nestlé along Aurora blvd.), QC - 33 floors
87. +The Mondrian Residences at FCC
88. +The Capitol Plaza, QC - 33 floors (almost topped-off, but on-hold
89. The Capitol Place at BGC (multiple towers)
90. ++The Regalia Parkplace Tower I, QC - 33 floors (exterior painting works)
91. ++The Regalia Parkplace Tower II, QC - 33 floors
92. Serendra at BGC (excavation)
93. ++Agoho Tower of Forbeswood Heights at Forbes Town Center, BGC
94. ++Bauhinia Tower of Forbeswood Heights at Forbes Town Center, BGC
95. ++Cambridge Tower of Forbeswood Heights at Forbes Town Center, BGC
96. +Dorchester Tower of Forbeswood Heights at Forbes Town Center, BGC
97. +Evergreen Tower of Forbeswood Heights at Forbes Town Center, BGC
98. +Florida Tower of Forbeswood Heights at Forbes Town Center, BGC
99. +Fairways Tower at BGC - 33 floors (excavation)
100. Hamptons Place at BGC - 20 floors
101. +Kensington Place at BGC - 21 floors (excavation)
102. The Marquee Tower I, Makati - 40 floors
103. The Marquee Tower II, Makati - 40 floors
104. The Marquee Tower III, Makati - 47 floors
105. ++Golden Bay Condominium Washington Tower at Asiaworld City
106. ++Golden Bay Condominium Cleveland Tower at Asiaworld City
107. +Golden Bay Condominium McKinley Tower at Asiaworld City (on-hold at approx 2/3 of its height)
108. +Golden Bay Condominium Marina Tower at Asiaworld City (almost topped-off, but on-hold)
109. Burgundy Crowne, Katipunan Ave., QC
110. +St. Luke's BGC Nursing Tower (excavation)
111. +St. Luke's BGC Medical Arts Tower (excavation)
112. +The Eaton Makati - 48 floors (u/c at basement-level)
113. The A.venue Makati - North Tower
114. The A.venue Makati - South Tower
115. +Cityland Corinthian Executive Regency, Ortigas Center - 38 floors
116. Cityland Pacific Regency, Vito Cruz, Manila
117. +Cityland Makati Executive Tower II
118. +One Aeropolis, Parañaque - 12 floors
119. Two Aeropolis, Parañaque - 12 floors
120. Aeropolis 2 New Manila Tower I
121. Aeropolis 2 New Manila Tower II
122. Aeropolis 2 New Manila Tower III
123. Aeropolis 2 New Manila Tower IV
124. Aeropolis 2 New Manila Tower V
125. +Torre Venezia, Quezon City - 33 floors
126. +AIC Empire, Ortigas Center
127. AIC Crowne Suites, Ortigas Center
128. +AIC Grande, Ortigas Center
129. Raya Suites by Discovery Suites (replacement for Gilarmi) - 70+ floors
130. +Amvel Mansions, Parañaque (several towers, varied heights)
131. Net Two Center at BGC - 18 floors
132. Viera at Brittany Bay, Parañaque
133. 1880 Eastwood Avenue
134. Federal Land's Bay Condo Tower I beside Bay Gardens
135. Federal Land's Bay Condo Tower II beside Bay Gardens
136. Ayala Land's San Lazaro Condominium Complex under CII and LPHI.
137. The Quadrilion Plaza, Ortigas Center (on-hold at 3rd level)
138. Manila Tower, Araneta Center (proposed communications tower)
139. Proposed Business Hotel at the current site of the Araneta Residence in Araneta Center
140. Manila Tower at Araneta Center
141. Raphael Condo at Ortigas Center
142. Legaspi Tower, Makati (on-hold at x level)
143. Jaka Tower, Makati (on-hold at x level)
144. SM-KS, Ortigas Center (on-hold at podium level)
145. One ADB Avenue, Ortigas Center - 41 floors (on-hold)
146. Lopez Center at Rockwell Center - 55 floors (on-hold)
147. Ritz Carlton Hotel at Rockwell Center - 55 floors (on-hold at podium level)
148. EGI Skycity, EDSA - Ortigas (on-hold)
149. The Columbarium - 12 floors
150. SSS IT Center Tower I - 33 floors
151. SSS IT Center Tower II - 33 floors

Hey thomasian! please update this list