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Old November 29th, 2012, 11:49 AM   #1
tita01
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MANILA | Manila Business Center | 500m+ | 101 fl | App

Manila business center to create 150,000 jobs – Lim



Manila Mayor Alfredo Lim shows a photo depicting the Manila Finacial District that will soon rise on the city’s waterfront. PHOTO BY MIKE DE JUAN

The ambitious plan to build the Manila Financial District may fall under the Private-Public Partnership Program (PPP) of the Aquino administration, Mayor Alfredo Lim said on Wednesday, adding that the project has attracted the attention of South Korean firms.

During an exclusive roundtable with The Manila Times, Lim said that the plan for the financial district was submitted to the Economic Cluster of the Cabinet for review and possible endorsement as a PPP project.

“We plan to finish the financial center by 2016,” Lim said. “The financial center is also expected to generate a minimum of 150,000 jobs with Manila residents as priority in the employment process,” he added.

He said that the Manila Financial District, originally called the Global Financial Hub, would be built under the Manila Bay South Harbor Expanded Port Zone Project through the efforts of foreign-based investors led by Incheon Metropolitan City international adviser Rev. Dr. Jeon Dae Gu and Easy Led Corp. Philippines president Man Young Yoon.

A total of 17 South Korean companies presented the concept of the financial district to Lim.
The cost of the project was pegged at $4 billion.

“The new financial hub will be built at no cost to the government because all the funds will be provided by 17 Korean companies,” the mayor said.

He said that the Manila Financial District will have an edge over the existing ones in the metropolis because it will be located on a waterfront. The most popular financial or central business districts in the country today are the Ayala Center in Makati City and Bonifacio Global City in Taguig City.

“It [Manila] will be a business city [again, because before] the city was used to be the home of the Manila Stock Exchange until it merged with the Makati Stock exchange to create the Philippine Stock Exchange during the administration of President Fidel V. Ramos,” Lim said.

“I want to restore back Manila as a financial center so the businessmen will be back here,” he added.

The proposed Manila Financial
Center will have commercial buildings as high as 60 storeys that would sit on the 90-hectare land which at present is home to dilapidated buildings, old store rooms and parking lot of cargo trucks.

New stock exchange
The centerpiece of the proposed financial hub is a 101-storey building that can house the stock exchange, and will easily be the tallest structure in the Philippines.


Lim added that the financial center is also expected to boost tourism in the city, since it will be operating 24 hours a day, seven days a week, and can receive cruise ships carrying foreign tourists.

Annually, the cruise ships can bring in two million tourists to the country.

To make way for the financial district, all the ports in the seafront of Manila will have to be located to Batangas City or Subic, a move which will also decongest traffic in the city caused by large cargo trucks.

“The port activities in the north and south harbor would be moved to the Batangas and Subic ports,” Lim said.

The mayor said that he first offered 20 hectares of land in Manila for the financial district.
However, the Korean companies found that area too small and asked for at least 90 hectares.


Lim said that the city government measured the area where the financial district would be built, and came up with 96 hectares including the Baseco compound.

He said that residents in the Baseco compound could be relocated to a high-rise housing project which will also be built at no cost by the Korean investors.

http://www.manilatimes.net/index.php...0-000-jobs-lim

Quote:
Originally Posted by Narnian_King View Post
Manila Business Center by Incheon South Korea

>Relocation of Baseco Compound to High Rise Housings
>Cruise Ship Ports
>Manila Stock Exchange
>101 storeys Iconic Building
>Center will have commercial buildings as high as 60 storeys


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Old November 29th, 2012, 11:50 AM   #2
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Rendering!

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Originally Posted by Narnian_King View Post
Manila Business Center by Incheon Korea

Site!

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Old November 29th, 2012, 12:10 PM   #3
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Would rather see the rest of Manila cleaned.
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Old November 29th, 2012, 12:15 PM   #4
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It looks not even like a supertall in the render above....
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Old November 29th, 2012, 12:57 PM   #5
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Quote:
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It looks not even like a supertall in the render above....
Dream City

MANILA Mayor Alfredo Lim gave some members of the media a peek at his plan for a 96-hectare property owned by the Philippine Ports Authority (PPA), where a South Korean conglomerate would like to set up a multi-billion financial center.

The area starts at the back of the Manila Hotel, running along the various dilapidated buildings on Bonifacio Drive and ends near the Del Pan Bridge just beside Fort Santiago.

The crowning glory of this proposed project, which would consist of a cluster of skyscrapers, would be a 101-story building that would rival Taipei’s “101,” the tallest structure in Asia. Surrounding this imposing structure would be clusters of equally impressive buildings that would rival Makati and Fort Bonifacio and hopefully, bring back to Manila its former glory as the country’s pre-eminent and most cosmopolitan city.

Lim said he had approached three administrations, former Presidents Fidel V. Ramos, Erap Estrada, Gloria Macapagal-Arroyo, to convince the Executive Department to give its imprimatur, since the area is owned by the national government. However, he said that despite his assurance that he would not meddle in the choice of constructor and architect, the plan remains hanging in the air.

Hopefully, Lim said, the Aquino administration would be more accommodating and give him the go signal to proceed with the scheme, so that his dream of a revived city would become reality.

Lim said Incheon Metropolitan City international adviser Rev. Dr. Jeon Dae Gu and Easy Led Corp. Philippines President Man Young Yoon have guaranteed to undertake the $4-billion “global financial hub” as part of the Manila Bay South Harbor expanded port zone project. Incheon is a sister city of Manila.

An estimated 150,000 new jobs would be generated by the development and affected Manila residents would have employment priority.

The financial center would house commercial and residential units, including the 101-story building, which would be the tallest in the country, although there is possibility that another floor would be added to make the super skyscraper 102 stories high, and beat Taipei’s claim as the highest in Asia.

Once finished, the South Harbor area would retain the old customs building to lend an air of history to the site, but the rest of the new infrastructure would be able to accommodate cruise ships. An additional two million tourists a year is forecast to go through the port, including the estimated 300,000 to 500,000 cruise passengers who currently sail to countries like Singapore, Thailand, Indonesia, and Malaysia.

Lim said that both the national and local governments stand to benefit from the project since they will be getting a share from the earnings that will be derived from the operations of the financial center.

“This global hub will rival those abroad with glittering business and amusement activities 24 hours a day, seven days a week and the super skyscraper will be the highest in the country (why not Asia?) that will be built at no cost to the national and local government,” Lim said.

http://www.mb.com.ph/articles/376254...y#.ULc_bOS-oRk
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Old November 29th, 2012, 01:14 PM   #6
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i'm taking this proposal with a grain of salt for now. i'd believe it when i can see the cranes
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Old November 29th, 2012, 01:42 PM   #7
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Quote:
Originally Posted by tita01 View Post
Dream City

MANILA Mayor Alfredo Lim gave some members of the media a peek at his plan for a 96-hectare property owned by the Philippine Ports Authority (PPA), where a South Korean conglomerate would like to set up a multi-billion financial center.

The area starts at the back of the Manila Hotel, running along the various dilapidated buildings on Bonifacio Drive and ends near the Del Pan Bridge just beside Fort Santiago.

The crowning glory of this proposed project, which would consist of a cluster of skyscrapers, would be a 101-story building that would rival Taipei’s “101,” the tallest structure in Asia. Surrounding this imposing structure would be clusters of equally impressive buildings that would rival Makati and Fort Bonifacio and hopefully, bring back to Manila its former glory as the country’s pre-eminent and most cosmopolitan city.

Lim said he had approached three administrations, former Presidents Fidel V. Ramos, Erap Estrada, Gloria Macapagal-Arroyo, to convince the Executive Department to give its imprimatur, since the area is owned by the national government. However, he said that despite his assurance that he would not meddle in the choice of constructor and architect, the plan remains hanging in the air.

Hopefully, Lim said, the Aquino administration would be more accommodating and give him the go signal to proceed with the scheme, so that his dream of a revived city would become reality.

Lim said Incheon Metropolitan City international adviser Rev. Dr. Jeon Dae Gu and Easy Led Corp. Philippines President Man Young Yoon have guaranteed to undertake the $4-billion “global financial hub” as part of the Manila Bay South Harbor expanded port zone project. Incheon is a sister city of Manila.

An estimated 150,000 new jobs would be generated by the development and affected Manila residents would have employment priority.

The financial center would house commercial and residential units, including the 101-story building, which would be the tallest in the country, although there is possibility that another floor would be added to make the super skyscraper 102 stories high, and beat Taipei’s claim as the highest in Asia.

Once finished, the South Harbor area would retain the old customs building to lend an air of history to the site, but the rest of the new infrastructure would be able to accommodate cruise ships. An additional two million tourists a year is forecast to go through the port, including the estimated 300,000 to 500,000 cruise passengers who currently sail to countries like Singapore, Thailand, Indonesia, and Malaysia.

Lim said that both the national and local governments stand to benefit from the project since they will be getting a share from the earnings that will be derived from the operations of the financial center.

“This global hub will rival those abroad with glittering business and amusement activities 24 hours a day, seven days a week and the super skyscraper will be the highest in the country (why not Asia?) that will be built at no cost to the national and local government,” Lim said.

http://www.mb.com.ph/articles/376254...y#.ULc_bOS-oRk
beating Taipe 101 as Asia's tallest? lol, they have to hurry up then alot . there are many other towers U/C already which will beat Taipe 101 in the next time .
This tower has to be over 700m tall to be Asia's tallest
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Old November 29th, 2012, 01:55 PM   #8
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^Even taller, actually. Dubai is by definition in Asia.
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Old November 29th, 2012, 02:05 PM   #9
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Quote:
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^Even taller, actually. Dubai is by definition in Asia.
Yeh i know, but let's say tallest in central and east asia
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Old November 29th, 2012, 02:44 PM   #10
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wooooooow!!! Perfect! It's dream!!
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Old November 29th, 2012, 03:03 PM   #11
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Its more believable if he announced it after the election.The old man is seeking for a reelection as mayor of Manila.
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Old November 29th, 2012, 03:12 PM   #12
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yeah the render looks nothing like a 500m tower. so let us wait for real renders and then we will see if this projects seems realistic
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Old November 30th, 2012, 11:21 AM   #13
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Quote:
Originally Posted by ZZ-II View Post
Yeh i know, but let's say tallest in central and east asia


tallest known in ASEAN is warisan merdeka in kuala lumpur (118 storey) (prep)

maybe this tower (manila business tower ) will be tallest only in the philippines
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Old December 1st, 2012, 06:32 PM   #14
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Lim's reference regarding Asia's tallest should definitely consider this 220 Storey project in China that is in the planning stages. Still, I doubt they can finish this whole thing in just 90 days. They probably just mean the structural part of the building rather than a turnkey RFO condition.


Firm Plans to Build World's Tallest Building in 90 Days

http://www.newser.com/story/158204/f...n-90-days.html

Last edited by TambayBlues; December 1st, 2012 at 06:55 PM.
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Old December 1st, 2012, 10:59 PM   #15
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Nice proposal but yes it does look like it's shorter than 300m. But perhaps that's a good thing. The other buildings look like they'd be much shorter and IMO they'd all look better if the variation in height wasn't too extreme.

If it's successful then Manila will have yet another skyline to add to its collection.
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Old December 2nd, 2012, 12:59 AM   #16
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Quote:
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tallest known in ASEAN is warisan merdeka in kuala lumpur (118 storey) (prep)
depends on the final height, which is not official yet.
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Old December 2nd, 2012, 01:05 AM   #17
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Quote:
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depends on the final height, which is not official yet.
yeah still interesting to see a possible race for the tallest between kuala lumpur, jakarta and now manila
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Old December 2nd, 2012, 01:17 AM   #18
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And how would this fair with the CAAP/Civil Aviation Authority?(emphasis on 'Authority'). They blocked the 665m Pagcor Tower from getting off the ground even though it had the green light. I know this is a little bit farther from the airport... but they will probably have a say about this when construction starts.

Last edited by anak_mm; December 2nd, 2012 at 08:00 AM.
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Old January 8th, 2013, 01:47 PM   #19
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Quote:
Originally Posted by Narnian_King View Post
Incheon Metropolitan City international - Manila Financial Center

very nice!
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Old January 8th, 2013, 01:48 PM   #20
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https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/262977_367382766691261_1733648473_n.jpg

Mayor Alfredo S. Lim discusses his plans of building a US$4 bllion financial center in Manila before giving gifts to the barangay chairmen. With him were (fr. left) chief of staff and media bureau director Ric de Guzman, Councilors Nino dela Cruz, Lim’s candidate for vice mayor Councilor Lou Veloso, candidates for Councilor Francis Villegas, Engr. Severino Reyes, Thelma Lim, Joey Venancio and Jaime Co. [ JERRY S. TAN ]

December 31, 2012

https://www.facebook.com/photo.php?p...00002586229403
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