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Old October 20th, 2009, 08:58 PM   #61
ruralvillage
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SMDC net profit surges 61 times to P1.4 billion
By Zinnia B. dela Peña (The Philippine Star) Updated October 21, 2009 12:00 AM

MANILA, Philippines - Buoyed by robust sales and higher completion rates of its various projects, SM Development Corp. (SMDC) posted a net income
of P1.4 billion in the first nine months of the year, or 60.88 times the previous level of P23 million in 2008.

In a financial report filed with the Philippine Stock Exchange
, SMDC said consolidated revenues surged 78 percent to P4.1 billion during the period, mainly due to the recovery in the financial markets.

Net income from operations amounted to P1.1 billion, up 83 percent from P607 million a year earlier. Realized revenues from real estate sales rose 30 percent to P3.7 billion, resulting in an expanded consolidated net income margin of 37 percent.

“We are strongly encouraged by the healthy growth in SMDC’s profits during the first nine months of this year. Our efforts to strengthen our real estate sales operations and our keen monitoring of construction costs are paying off through higher margins and better operational efficiencies. With these positive developments, we remain bullish in our business operations this year,” said SMDC president Roger Cabunag.

To date, SMDC has seven on-going projects — the fifth cluster of Chateau Elysee (a six-cluster mid-rise condominium project in Parañaque City) which is 88 percent complete; Berkeley Residences in Katipunan Road, across Miriam College and Grass Residences beside SM City North EDSA (with the first tower 47 percent complete); Sea Residences near the Mall of Asia Complex in Pasay City and Field Residences in Sucat, Parañaque.

Other projects slated to launch this year are Princeton Residences (a 37-storey condominium building located along Gilmore St., Quezon City); Sun Residences beside Welcome Rotonda in Quezon City; Jazz Residences along Jupiter St.; Light Residences in Mandaluyong

City and Wind Residences in Tagaytay City.

SMDC has earmarked P7.2 billion for capital expenditures this year or 40 percent higher than the 2008 budget. Around 80 percent of the capital budget will be sourced from internally generated funds while the remaining 20 percent will come from borrowings.
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Old October 21st, 2009, 02:28 AM   #62
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Hay, salamat! May confirmation na...

Thanks for posting it here.
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Old October 21st, 2009, 09:40 AM   #63
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wow.. so this thread should be renamed to Jazz Residences then...
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Old October 22nd, 2009, 08:24 AM   #64
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Quote:
Originally Posted by Ph Man View Post
that's a clever solution, not having to look down from your balcony. but who knows, the cemetery might be a goner. soon....



we have rumours here before that the huge cemetery will be rezoned to allow construction of commericial buildings. of course, the tombs will have to give way. still, the idea that the place used to be a cemetery still freaks me out. heheh...


by the way, any idea on the rates and terms?

Wala pang advice regarding payment terms and pricing. But here in Jazz, the higher the floor, more expensive. Unlike sa Grass, which is the opposite.
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Old October 22nd, 2009, 08:35 AM   #65
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World bank report

Two days ago there was world bank report stating that the Philippines will be spared from recession this year, so whatever speculations around maybe, I think they have basis on the matter.

The good thing is that election day is coming very near and this will help the economy as there will be cash flow into different businesses as politicians and their supporters will pour financial assistance.

This will flood the market with more liquidity and it will be good for the economy. Very helpful, especially for those hard hit by the recent catastrophies in luzon, we really need these now.

I think positive.

As a matter fact, whoever is an agent of this property on this thread, please PM me when you have details on the property already, i would be interested to invest in it, if ever, this would be my 4rth condo investment.

I was also offered a new century property resort project in parañaque, called azure, but its also not official yet. If ever, its going to be the first man made beach resort in the heart of the city in the whole world.

well, again, i think positive, and i hope i can still afford it.
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Old October 22nd, 2009, 08:40 AM   #66
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Quote:
Originally Posted by REDD808 View Post
Two days ago there was world bank report stating that the Philippines will be spared from recession this year, so whatever speculations around maybe, I think they have basis on the matter.

The good thing is that election day is coming very near and this will help the economy as there will be cash flow into different businesses as politicians and their supporters will pour financial assistance.

This will flood the market with more liquidity and it will be good for the economy. Very helpful, especially for those hard hit by the recent catastrophies in luzon, we really need these now.

I think positive.

As a matter fact, whoever is an agent of this property on this thread, please PM me when you have details on the property already, i would be interested to invest in it, if ever, this would be my 4rth condo investment.

I was also offered a new century property resort project in parañaque, called azure, but its also not official yet. If ever, its going to be the first man made beach resort in the heart of the city in the whole world.

well, again, i think positive, and i hope i can still afford it.
Noted REDD808.
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Old October 27th, 2009, 12:45 AM   #67
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JAZZ RESIDENCES MAKATI - latest development from SM Properties





Location:

- corner of Jupiter St. and Nicanor St. ( formerly Reposo St.) Bel-Air Village, Makati City
- has an area of 2.5 hectares



Unit/s sizes:

- Studio 22 sqm
- 1 Bedroom unit
24 sqm with out balcony
26 sqm. with balcony
28 sqm. corner unit
- 2 Bedroom unit
48 sqm. tandem of 1 Bedroom unit

- 24 to 26 units per floor

- 4 Buildings
2 Buildings at 35 storey
2 Buildings at 40 storey

Price Range:

- an indicative price of 73K - 75K per sqm.
- lowest price at Php 1.4M for Studio Unit
- 600K for parking
- an estimate of 60 -80 pesos per sqm. for the monthly dues

Concept:

- Five Star Homes made Affordable
- Full Lifestyle commercial area on the Ground floor
- BPO ( call centers ) at the podium level
- CBRE will handle the property management ( leasing )
- one of the biggest Hypermarket will be at the ground floor
- a bridgeway from the Building to Salcedo ( swipecard and finger print system will be provided exclusively for unit owners for Security Purpose )

Amenities / Facilities:

- huge swimming pool
- Clubhouse
- Gym
- Sky Lounge at the Penthouse



NOTE: This message is for announcement purpose only. Reservation fee is Php 25,000 and Letter of Intents already accepted.
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Last edited by Mitch_Rivera; October 27th, 2009 at 12:59 AM.
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Old October 27th, 2009, 01:03 AM   #68
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This one has existing thread; should be merged with Jupiter Residences Thread. Thanks mods.
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Old October 27th, 2009, 08:58 AM   #69
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looks great.
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Old October 27th, 2009, 02:08 PM   #70
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very much sm.
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Old October 28th, 2009, 04:34 AM   #71
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Is this official?

Quote:
Originally Posted by Mitch_Rivera View Post




Location:

- corner of Jupiter St. and Nicanor St. ( formerly Reposo St.) Bel-Air Village, Makati City
- has an area of 2.5 hectares



Unit/s sizes:

- Studio 22 sqm
- 1 Bedroom unit
24 sqm with out balcony
26 sqm. with balcony
28 sqm. corner unit
- 2 Bedroom unit
48 sqm. tandem of 1 Bedroom unit

- 24 to 26 units per floor

- 4 Buildings
2 Buildings at 35 storey
2 Buildings at 40 storey

Price Range:

- an indicative price of 73K - 75K per sqm.
- lowest price at Php 1.4M for Studio Unit
- 600K for parking
- an estimate of 60 -80 pesos per sqm. for the monthly dues

Concept:

- Five Star Homes made Affordable
- Full Lifestyle commercial area on the Ground floor
- BPO ( call centers ) at the podium level
- CBRE will handle the property management ( leasing )
- one of the biggest Hypermarket will be at the ground floor
- a bridgeway from the Building to Salcedo ( swipecard and finger print system will be provided exclusively for unit owners for Security Purpose )

Amenities / Facilities:

- huge swimming pool
- Clubhouse
- Gym
- Sky Lounge at the Penthouse



NOTE: This message is for announcement purpose only. Reservation fee is Php 25,000 and Letter of Intents already accepted.
Great rendering. is this official? I would like to know the orientation of the property. And which of the four buildings will be sold first?
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Old October 28th, 2009, 05:19 AM   #72
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Why do I feel more excited for tis than Century City? Maybe its because, I know I can trust in SMDC than Century. SM has built a powerful brand that can be reckoned with.
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Old October 28th, 2009, 05:47 AM   #73
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Oh yes I tell you,even the management of the building administration is very good aside from the quality of
the unit they turned over.And.every project is getting better nad better.They don't promise a lot but they have a lot
of better surprises for every pesos you paid.
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Old October 28th, 2009, 07:29 AM   #74
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i agree 100%!!!
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Old October 28th, 2009, 09:49 AM   #75
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To SuperBoy and REDD808

Tower 1 will be offered first.

Too bad, SuperBoy. Late na sa Board Meeting suggestion mo to sell Tower2 first.

REDD808, here's the property orientation:


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Old October 28th, 2009, 10:06 AM   #76
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this project excites me a lot! can't wait to see the 1st tower rising.
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Old October 28th, 2009, 05:44 PM   #77
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The grey area on the cross-haired map is actually South Cemetery. This is so far the development that was courageous enough to position itself near the cemetery. Aside from the columns of course. I don't really mind having it on my afternoon view. But feng shui regards it as bad luck.

Anyway, it will be a goner soon. Plus the high balcony walls will make out for it.

Can you guys, give us an idea of the unit price per square m?
- Thanks
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Old October 28th, 2009, 05:58 PM   #78
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Quote:
Originally Posted by Ph Man View Post
The grey area on the cross-haired map is actually South Cemetery. This is so far the development that was courageous enough to position itself near the cemetery. Aside from the columns of course. I don't really mind having it on my afternoon view. But feng shui regards it as bad luck.

Anyway, it will be a goner soon. Plus the high balcony walls will make out for it.

Can you guys, give us an idea of the unit price per square m?
- Thanks
how soon is soon? im pretty sure that side will be priced significantly lower.
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Old October 29th, 2009, 06:00 AM   #79
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Quote:
Originally Posted by baphi View Post
Oh yes I tell you,even the management of the building administration is very good aside from the quality of
the unit they turned over.And.every project is getting better nad better.They don't promise a lot but they have a lot
of better surprises for every pesos you paid.
That is nice. I remember the quote given to us by our Vice President in San Jose Cal. "Under Commit and Over execute". It doesn't mean you under commit but it simply means do not commit a lot to your customer that when times come you have to do a lot of work to meet all the promises you made. But if you give a pretty conservative promises then you over execute then you will have a lot of happy customers...
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Old October 29th, 2009, 04:52 PM   #80
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Site Pics

I went to the project site, and I realized ang ganda ng location nito. Just behind Mapua School of IT. If you stand in the corner of Yupangco Building in Buendia, you can see it na.

As of today, almost complete demolition of the previous building.














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