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Taguig For projects in Bonifacio Global City, McKinley Hill and other parts of the city



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Old July 31st, 2014, 07:54 AM   #421
jaydawg
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I have to agree that it seems premature to invest in Arca South unless its prices are considerably lower than BGC.

But even if BGC becomes much more dense in the next 10 years, if given a choice, I think most condo-dwellers will still want to live in a more central location like BGC.
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Old July 31st, 2014, 08:12 AM   #422
khan tottan
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Quote:
Originally Posted by jaydawg View Post
But even if BGC becomes much more dense in the next 10 years, if given a choice, I think most condo-dwellers will still want to live in a more central location like BGC.
FWIW, this sounds a bit like what some folks said about BGC in relation to the Makati and Pasig CBDs, once upon a time.

If NAIA eventually moves elsewhere, people might wish Ayala waited longer to develop ARCA South, then built higher and differently. As a prospective buyer I'd hold off getting here as it indeed may be premature. Today there are more appealing choices for the same money.
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Old July 31st, 2014, 05:46 PM   #423
arianmarketing
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Nice analysis. I was about to post a similar comment but was stopped when I read this. I have been away from SSC for sometime now and was surprised to read a lot of progress happening regarding projects around the metro.

If I may add, Ayala Land should not let their guard down regarding Arca South and its environs. There are still around a dozen hectares of land within FTI that has yet to be privatized. Also, crucial to the Arca Skuth development is the ITS project of the DOTC. Ayala must win the bidding in October in order for them to gain maximum leverage on the area. Another potential area for future development is the Veterans Federation Industrial Park (around 50 hectares) adjacent to FTI. The Veterans area has the advantage of having direct access to C5.
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Originally Posted by khan tottan View Post
ALI was rather stung by how SM outmaneuvered them with Aura-the-interloper in Fort Boni. Perhaps overpaying for FTI was a measure taken to ensure greater control of the area / Taguig. ALI simply couldn't let that large tract of land go to someone else. As for what look like outrageous prices, they seem to be more than what the market will bear today, but the ALI folks probably figure the market will eventually catch up, price-wise. Anyway, it's a long game and ALI can wait.

ALI can also be observed taking a more sharp-elbowed approach to competitors with projects near theirs. I guess ALI's tired of how other developers are riding on its coattails the way Crown Asia and Eton are trying to do in Laguna and how SM is very successfully doing it in BGC.

Still in Taguig, see how ALI is peppering the area around supposedly high-end Veritown-Hyatt with midmarket Avida buildings. ALI stops Veritown being too competitive with ALI's own premium offerings in BGC, and at the same time getting to boost the image and charge more for the Avida projects because they're near upscale Veritown. Property development is usually a zero-sum game, and ALI here is trying for a win-win.

Last edited by arianmarketing; July 31st, 2014 at 05:55 PM.
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Old August 1st, 2014, 07:19 AM   #424
jaydawg
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FWIW, this sounds a bit like what some folks said about BGC in relation to the Makati and Pasig CBDs, once upon a time.
Yes, you are correct. But looking back, I guess the situation was very different during the early 2000' and today. Plus obtaining information was not as easy due to the Internet's infancy.

BGC was not as attractive because luxury landed properties were still within reach. For example, 20M was enough for a Bel-Air or San Lorenzo house. And much less for Valle Verde, Ayala Alabang, Ayala Heights, etc. Today, 20M can only get you a 2-3 bedroom luxury condo. In fact, landed buyers 10 years ago are probably the ones who made the most money even compared to BGC buyers at that time.

Arca South might be hard sell at this point because there's still an abundance of choices in BGC which has proven to be the most modern and walkable district in Metro Manila. But in another 10 years, who knows...

Last edited by jaydawg; August 1st, 2014 at 07:32 AM.
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Old August 2nd, 2014, 04:23 PM   #425
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