Fort Bonifacio

[RonnieR]

Originally Posted by 3cr

Thanks for the post Ronnie.

You're welcome.

[3cr]

New PSE building at Fort Global to break ground this 2012
Rappler.com
http://www.rappler.com/business/5108...ound-this-2012

MANILA, Philippines - The ground breaking of the new trading floor and corporate headquarters of the Philippine Stock Exchange (PSE) at the Fort Bonifacio Global City is expected to occur this 2012, an official of the property developer, Ayala Land Inc, said.

"We expect groundbreaking this year or shortly thereafter," Ayala Land Chief Finance Officer Jaime E. Ysmael said.

He described the development as a 'super block' with the high-end Shangri-la Hotel on the northern side, the PSE on the eastern side, and a mall and a residential building on the southwestern side.

"It will be the prime address in Bonifacio Global City," he said.

Ysmael noted that the new building "may not be as lavish" but that they would try to retain the open feel of the current headquarters. He said the New High Street will span in front of the development and the Mind Museum behind it.

He said he expects the building to have about 30 floors and to have roughly the same gross area as the current PSE headquarters in Ayala Tower One. However, he said they would make the trading floor smaller to make room for more office space.

He noted that most trading isn't done on the floor any more and that the Makati office had been crowded after it was consolidated with the second trading floor in Ortigas in 2010.

The PSE "will have naming rights. We view that as an asset to Bonifacio Global City."

But he said Ayala Land, Greenfield Development and Fort Bonifacio Development Corp. (FBDC) would maintain more than 50% ownership and control the majority of the financing.

Opening of the building is still be 3 to 5 years away with Ysmael favoring "2016 or 2017."

He said they hoped the timing would coincide with the opening of a high end mall and residential tower in the same complex.

"It is to our interest to accelerate it because that will be good for the entire development," said Ysmael.

The transfer of the PSE headquarters to Global City has long been delayed. The original target was 2004 but was perennially moved after much haggling on naming rights, exact location, among others.

[mellowscream2]

wow ganda naman ng Lamborghini, ingat na lang sa mga bibile pag inabutan ka ng baha sa Manila sigurado lunod ka sa sobrang baba

Originally Posted by 3cr

Thanks for the post Ronnie.

[happosai]

Kawawa Lamborghini mo pag nasagian ng jeepney, trisikel at ng pedicab...

[anak_mm]

lamborjini ..oh my gulay

[crossboneka]

[Bosnyboy]

Originally Posted by mellowscream2

wow ganda naman ng Lamborghini, ingat na lang sa mga bibile pag inabutan ka ng baha sa Manila sigurado lunod ka sa sobrang baba

Ingat sa bibili ng lambo o ferarri o kahit ano mang luxury vehicles dahil mainit sa mata ng BIR yan. Baka halukayin yan ng mga taga gobyerno para magkapera sila, alam mo na. Nakikiuso sa nangyari kay corona.

[mellowscream2]

eh bat kaya yung customs clerk hindi nahuhuli, nalaman lang nung namaril sa edsa namimili lang yang BIR

Originally Posted by Bosnyboy

Ingat sa bibili ng lambo o ferarri o kahit ano mang luxury vehicles dahil mainit sa mata ng BIR yan. Baka halukayin yan ng mga taga gobyerno para magkapera sila, alam mo na. Nakikiuso sa nangyari kay corona.

[reign]

The Globe HQ is looking good as well as the NAC tower.

Originally Posted by crossboneka

[Bosnyboy]

Originally Posted by mellowscream2

eh bat kaya yung customs clerk hindi nahuhuli, nalaman lang nung namaril sa edsa namimili lang yang BIR

pareho kasi silang taga gobyerno, maraming padrino kaya ang bir mainit ang mata sa mga pribadong tao para magkapera.

[g_caloo]

Originally Posted by reign

The Globe HQ is looking good as well as the NAC tower.

lilipat na ba yung office ng globe sa FGBC at aalis na sila dun sa bldg ng Globe Asiatique?

[august88boy]

completed projects title should be changed to "locked threads"

[3cr]

Rockwell on your left and Bonifacio Global City on your right... Very Nice!

Originally Posted by anak_mm

View from Makati City Hall by pamgallego, on Flickr

[Eriq]

Originally Posted by 3cr

Rockwell on your right and Bonifacio Global City on your left... Very Nice!

Quoting because.

[anakngpasig]

Originally Posted by Eriq

Quoting because.

because baliktad?

[cq40]

Originally Posted by anakngpasig

because baliktad?

The point is parehas maganda although baligtad

[3cr]

Yup caught it and fixed it. Thanks for the heads up.

[jhomai14]

clueless ako, akala ko tama yung picture ako yung tipong kahit mali basta maganda sa paningin ko eh. hahahahah

[3cr]

Expat population spurs demand for posh condos
By: Tessa R. Salazar
Philippine Daily Inquirer
June 15th, 2012
http://business.inquirer.net/65303/e...or-posh-condos


Not every story behind luxury condominiums is about a controversial, high-ranking government official. Amid all the drama the past few months brought about by the impeachment of the Chief Justice, the luxury residential market has been brought to public attention.

But the overlooked fact is that this market has become the sunshine sector of the real estate industry for some time now. Looking at the robust growth more closely, one can see that the expatriate population in the Philippines has spurred the demand for luxury condominium units.

According to property consultant CB Richard Ellis’ First Quarter 2012 MarketView Metro Manila, the expatriate population is still growing, as there has been no letup in the entry and expansion of outsourcing and offshoring companies.

“The expansion of multinational companies due to the favorable macroeconomic situation is likewise contributing to the inflow of expatriates. Because of the consistent growth in the expatriate population, the demand for housing remains strong,” the report said.

The Bureau of Immigration’s alien registration division’s statement in March indicates that more than 65,155 foreign nationals residing in the Philippines filed their annual reports this year (higher by 5,123, or 8.53 percent, than the number that filed last year; the government earned more than P19.5 million in fees paid by aliens who filed their reports this year).

The report added that while investor demand has been increasing, transactions continue to be concentrated on leases as supply of luxury condominiums remains tight.

“In addition, luxury condominiums are facing strong competition from newer Grade A condominiums. Demand for units at the Pacific Plaza Towers was also affected by the adjacent construction, which is blocking the view of several of its units. Capital values of luxury condominiums, however, were maintained in the first quarter of the year.”

Newer Grade A buildings and newly renovated houses are seen by expatriates as an alternative to luxury condominiums. Because of leasing competition, rents were maintained in the first quarter of 2012. Unit owners have also been wary of increasing rents as they are aware of the limits on expatriate housing budgets.

Luxury residential condominium statistics disclosed in the report showed that the monthly rental rates of the Makati CBD range from P240,000 to P250,000; the Rockwell Center P210,000 to P230,000 and Bonifacio Global City P230,000 to P250,000.

Luxury residential houses statistics showed Forbes Park with rental rates of P350,000 to P500,000; Dasmariñas Village with P300,000 to P400,000; Urdaneta Village with P250,000 to P300,000; and Bel Air Village with P150,000 to P250,000. CBRE added that recent developments have prompted the organization to defer the use of size as a criterion in measuring lease rates for houses in these upscale communities. Extensive renovations done on a number of smaller houses in these communities have resulted in some of them fetching higher lease rates compared to their bigger but older counterparts.

The chart on upscale condominium statistics showed 40-sq-m to 250-sq-m units (ranging from one to three bedrooms) in Legaspi Village fetching monthly lease rates of P60,000 to P220,000; Salcedo Village’s 110-sq-m to 250-sq-m units (two to three bedrooms) have lease ranges of P115,000 to P160,000.

The Apartment Ridge ranging from 77-sq-m to 285-sq-m units (one to three bedrooms) have lease ranges of P40,000 to P150,000; Rockwell Center with 75-sq-m to 247-sq-m units (one to three bedrooms) are leased for P70,000 to P250,000. Bonifacio Global City’s 50-sq-m to 306-sq-m units (one to three bedrooms) have lease ranges of P70,000 to P220,000.

[lakbaypilipinas]

I agree, I wish to see Modern Bahay Kubo's to showcase more of our culture and great architecture