The Residences [26F|res|u/c]

[Henz]

speaking of affordable decent condominiums mga bai....... Next year 8890 Housing will be launching its midrise condo projects which is valued at less than P/ 1M.. According to my source, the first project will be located along H. Cortes St, in Mandaue City.

If you have the capacity mga bai, i strongly suggest all of you to invest in real estate.. Based on my experience, it truly pays off...

[D'Transporter]

Originally Posted by vatics

it is always important to prioritize projects to end-users over investors to avoid a bubble.

I strongly support this. The normal tendency of the investor is to sell the property as high as they can and prematurely drive prices up as to not reflect the actual market value of the property. Real estate pricing there in the Philippines is not influence and controlled by historical sales data. People just price their properties whatever they like and hope someone innocent/ignorant enough will buy the property. Eventually if investors continue buying most of the real estate properties and selling them high then it will continually increase prices further up higher than their actual value, this is what they call the ballooning effect. If it keeps increasing like a balloon it will eventually pop and deflate back to the actual market prices which are more justifiable and responsible in value.

[MatudNilaBaby]

Originally Posted by D'Transporter

I strongly support this. The normal tendency of the investor is to sell the property as high as they can and prematurely drive prices up as to not reflect the actual market value of the property. Real estate pricing there in the Philippines is not influence and controlled by historical sales data. People just price their properties whatever they like and hope someone innocent/ignorant enough will buy the property. Eventually if investors continue buying most of the real estate properties and selling them high then it will continually increase prices further up higher than their actual value, this is what they call the ballooning effect. If it keeps increasing like a balloon it will eventually pop and deflate back to the actual market prices which are more justifiable and responsible in value.

maparehas nata ani sa housing bubble diri sa california ug uban pang states. karon ang mga investors ang ning kugi ug palit anang mga condo units to think nga mabaligya nila ug mahal2x. so maayo pud kaayo mo speculate ang mga pinoy dah

[AmbutLang]

Originally Posted by Henz

speaking of affordable decent condominiums mga bai....... Next year 8890 Housing will be launching its midrise condo projects which is valued at less than P/ 1M.. According to my source, the first project will be located along H. Cortes St, in Mandaue City.

If you have the capacity mga bai, i strongly suggest all of you to invest in real estate.. Based on my experience, it truly pays off...

I strongly agreed sa imo Henz. Ni palit mi balay sa NYC at $-----.oo in 1975 karon $------.00 appraised 2010 even in this down real estate economy in the U.S., New York prices did not suffer much.

[D'Transporter]

-dp-

[vatics]

Originally Posted by D'Transporter

I strongly support this. The normal tendency of the investor is to sell the property as high as they can and prematurely drive prices up as to not reflect the actual market value of the property. Real estate pricing there in the Philippines is not influence and controlled by historical sales data. People just price their properties whatever they like and hope someone innocent/ignorant enough will buy the property. Eventually if investors continue buying most of the real estate properties and selling them high then it will continually increase prices further up higher than their actual value, this is what they call the ballooning effect. If it keeps increasing like a balloon it will eventually pop and deflate back to the actual market prices which are more justifiable and responsible in value.

to help control seller overpricing, it is always advisable for buyers to seek consultations from property experts or real estate brokers since they have better understanding of the real estate market trend and pricing. brokers know better the actual vs the reported price of sold properties in the market.

[no.1ta]

Originally Posted by AmbutLang

I strongly agreed sa imo Henz. Ni palit mi balay sa NYC at $-----.oo in 1975 karon $------.00 appraised 2010 even in this down real estate economy in the U.S., New York prices did not suffer much.

you're lucky noy, your house probably paid off by now... i still have long way to go.

[diehardbisdak]

5-towers....oh yeah!


**********

Federal Land launches P5-B project in Cebu
Manila Bulletin
February 6, 2011

MANILA, Philippines – Real estate giant Federal Land., which operates Marco Polo Hotel Cebu, is taking the property scene a notch higher with the launch of a P5-billion high-rise project called “The Residences.” Tucked in a charming expanse on Nivel Hills in Cebu, The Residences is the first of the 5-tower residential project which is located just beside the popular Marco Polo Hotel.

Once completed, this new luxury address in Cebu will offer international class facilities and the personal services and warmth of the Marco Polo brand – a perfect living environment for expats, business travelers, upwardly mobile families as well as seasoned leisure-seekers looking for the most exquisite vacation experience that simply never ends.

As another innovation, future residents of this upscale project would also be given the option of customizing the different hotel services that they can avail of with the purchase of every unit: Concierge service, food and beverage signing privilege, room service, business center service, laundry service, apartment cleaning, servicing and maintenance, priority access to swimming pool, gym, and the wellness zone. This inspired setup also entitles unit owners to the privilege of living in a five-star hotel setting along with its deluxe services – a clear advantage that would distinguish the project from other emerging condo developments in Cebu City.

Dubbed as the first “luxury branded real estate,” The Residences will appeal to an upscale segment looking for the finer things in life, including hotel-like living standards as well as pampering services and special privileges to make their daily stay a true five-star experience. This market segment is well-traveled and enjoys an affluent lifestyle; and thus expects nothing but the best in a very comfortable living environment.

Aside from the luxury hotel lifestyle, they will appreciate their strategic location, being proximate to places of interest and other landmarks including shopping malls, restaurants, schools and universities, country clubs and golf courses. It is just minutes away from the Asiatown IT Park, Cebu Business Park, and Mactan International Airport. The development is located along Cebu Veterans Drive, Nivel Hills, Barangay Apas, in the heart of Metro Cebu.

Foreign Interior Designer, The Gettys Group, Ltd (Chicago) expertly designed the common areas. Maximized natural ventilation will be installed in these areas, along with 24-hour security and building maintenance.

Around the amenity floor, lush garden units will be available, coupled with an elegantly designed ground floor lobby and drop-off point.[/QUOTE]

[Henz]

Whoahhhhh........ P/5 Billion!!!! Federaland Land must be really really serious on CEBU!!!

[diehardbisdak]

pics from theresidencescebu.com

[ceboom]

Thanks Federal for your trust sa Cebu's development. Original plan was 4 tower pero ila pa jud gi pun-an usa, so each building tag P1B diay ang budget. WOW

[lowellflores]

5 towers, OMG, kanindot na i uli uy, na mag apong lang ko ug tan aw sa pagtukod sa 5 ka building. basta dili lang masalipdan ang marco polo.

[mAiNsTrEaMhunter]

WOW! 5 towers? tagpila pud kaha ka storeys? matay dili na gyud siguro ni makita ang marco polo! hehehe

[SleMarKen]

ay lag piyong bro para makita pa nimo

[mAiNsTrEaMhunter]

kung tag 26F ning 5 towers unya ipangtukod ni atubangan sa marco polo hotel, for sure di gyud makita bro.

[SleMarKen]

mao

[AmbutLang]

Originally Posted by mAiNsTrEaMhunter

kung tag 26F ning 5 towers unya ipangtukod ni atubangan sa marco polo hotel, for sure di gyud makita bro.

Makita gihapon nimo bai, kai ang imong unit naa man sa top floor facing the 4 upcoming condo building.

[mAiNsTrEaMhunter]

i mean, sa tiilan sa nivel hills sir @fred dili na nimo makita puhon ang marco polo. hehe

[SleMarKen]

bali, ang mga guests sa Marco Polo ang di na kakita sa view sa City pero IMO mas mubo ang other 3 or 4 condos kung ibutang man gani nila sa lantaw area which is infront of Marco Polo.

[kenken94]

so there will be 5 towers of condominiums under the name, the residences? wow! maynta ang oban ari lang sa obos itukod kay aron mudense og samot ang skyline sa obos.