Park Point Residences - Cebú Business Park [38F|res|u/c]

[Jimbu]

Cebu Holdings to invest P6.5B this year 4/24/2012

Cebu Holdings Inc. will roll out P6.5 billion investment in four new projects this year in partnership with Ayala Land Inc.

Cebu Holdings Inc. chief finance officer Enrique Manuel Jr. made the announcement yesterday after the Annual Stockholders' Meeting at the City Sports Club.

Manuel said these projects are additional projects set to be launched within the year.

"We'll have the second tower of Solinea, Park Point Residences, an office tower in Cebu Business Park, and third Avida Tower in Cebu IT Park," said Manuel.

Of the P6.5 billion investment, P2.5 billion will from CHI according to CHI president Francis O. Monera.

Park Point Residences will be located near the new expansion of Ayala Center Cebu, which will have 255 units said Manuel.

The third Avida Tower, which is already in addition to their original two-tower plan, will have about 500 units.

Monera said the third tower will be located in the 2.1-hectare expansion of the Cebu IT Park.

"That 2.1 hectares will have the same concept as that of Serendra in Bonifacio Global City," said ALI president Tony Aquino.

Aquino said they expect more demand for residential condominium units in the area since the outsourcing sector continues to grow rapidly.

Another project that will host office spaces within Cebu Business Park is also planned according to Monera.

In the last two years, ALI poured in a total of P27 billion in investments for projects in the Visayas and Mindanao region with P10 billion in Cebu.

"Another P10 billion is set to be invested until next year, including the P6.5 billion in Cebu," said Manuel.

Aquino said Cebu will have the next biggest concentration of their investments fueled by the very positive response of the market to their projects.

Last year, CHI posted P1.35 billion in revenues with net income of P424.33 million, a 4 percent growth compared to the previous year.

Income from rental in commercial provided the chunk of CHI's revenues last year with P838.13 million or about 61 percent.

Real estate sales brought in 19%, theater with 6%, interest and other income at 4% and 10% respectively./Reporter Aileen Garcia Yap

>> http://cdn.ph/news_details.php?id=13255

[Sleepwalker]

The south side of ACC will soon to be the location of the talls within CBP...Solinea and this Park Point are at 30++ floors each.

By the way, according to Sinjin, the office tower will be the Ebloc3...Pero sa news kay sa CBP lagi nga tower...So Ebloc3 will be at CBP?

[diehardbisdak]

ang e-bloc 3 ka'y nag ground breaking na sila sa IT Park (the last time I checked sa thread) ...so, this new office tower will be at CBP jud diay...we need this type of building from ALI at CBP ka'y ni-improve ra ba ilang design as far as eBloc 2 is concerned...

[Sleepwalker]

So, lain ni nga project? Wow!!! Unta, kay office tower man ni, kanang bongga pud og design ni.

[mAiNsTrEaMhunter]

Originally Posted by Henz

Got the details...

This is an Ayala Premier brand project with 38 storeys...
@ mod.. please put 38F to the Thread Title..

Thanks.

Yes. this is an ALP project. The 2nd highrise project of ALP after 1016 Residences and its 3rd project in Cebu!


btw, thanks for opening this thread.

[mAiNsTrEaMhunter]

Originally Posted by Sleepwalker

So, lain ni nga project? Wow!!! Unta, kay office tower man ni, kanang bongga pud og design ni.

eBloc3 and this office tower in CBP is different bai. eBloc3 is in CITP while this certain office tower is in CBP. Park Point Residences will be another high-end project of ALP, the upscale-luxury brand of Ayala Land.

[Henz]

The BPO is difinitely not Ebloc 3....Its in CBP and it is more or less 20 storey tall... Location will be soon known...

[Sleepwalker]

Aguy!!! Kanus-a kaha ang rendering ani...

[CarltonHill]

any renders?

[Sinjin P.]

Originally Posted by mAiNsTrEaMhunter

eBloc3 and this office tower in CBP is different bai. eBloc3 is in CITP while this certain office tower is in CBP. Park Point Residences will be another high-end project of ALP, the upscale-luxury brand of Ayala Land.

Correct.

[cyberCEBU]

Originally Posted by Sleepwalker

The south side of ACC will soon to be the location of the talls within CBP...Solinea and this Park Point are at 30++ floors each.

By the way, according to Sinjin, the office tower will be the Ebloc3...Pero sa news kay sa CBP lagi nga tower...So Ebloc3 will be at CBP?

murag lahi sad ni nga BPO/office....

mao ni nga office kato naay "Live, Work and Play" nga gi post ni @Sinjin sa ACC thread kato The New Ayala promo nila...

[ivanc]

so naa ra gyud siya aning tulo ka towers?

[Henz]

its the tower on the left side... near Marriot bai..

[mAiNsTrEaMhunter]

Most probably. The other tower is the ALP Park Point Residences and the other one is the office tower.

[Henz]

or pede sad..the other way around..

[hoopster21]

The other way around bro hehe see you later ha!

[Henz]

hehehe.. yep yep.. mga around 3-4pm ko anha..

[wakeuptoreality]

Park Terraces in Makati. so should we expect something like this for this development?

[mAiNsTrEaMhunter]

hopefully but for sure ALP will give this project a more distinct Cebuano flair.

[mAiNsTrEaMhunter]

Originally Posted by cyberCEBU

murag lahi sad ni nga BPO/office....

mao ni nga office kato naay "Live, Work and Play" nga gi post ni @Sinjin sa ACC thread kato The New Ayala promo nila...

Dili bai. That ad is intended for Ayala Center Expansion. Gi-advertise lang ang work, live and play concept because basically, everything will be there soon with Live (Park Point Residences), Work (Office Tower), Play (Ayala Center Cebu) all within easy reach.