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Old January 25th, 2008, 05:04 PM   #101
Jarenz
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Originally Posted by lightsaber46 View Post
City set to close SRP deals
http://supplements.inquirer.net/prop...tent=around188

By Jun P. Tagalog
Cebu Daily News

CEBU CITY, Philippines - The Cebu City government is focusing on selling and leasing the South Road Properties (SRP) this year to three big firms in the real estate industry.

Joel Mari S. Yu, Cebu Investment Promotion Center (CIPC) managing director, said he is optimistic that city government and the three firms will come to terms before the end of the year.
Yu refused to name the companies.

“These companies are all publicly listed so they have to make sure that they will not have any problem with the Securities and Exchange Commission. We have to abide by it, otherwise we’ll lose them,” Yu said.

The Cebu City government is tapping the CIPC to market the SRP.

Yu said the Cebu City government made sure that these three firms will not go into similar ventures in developing the SRP and avoid competition.

One of the three companies will build a 17-hectare mall. The second firm will develop an information technology complex in the country while the last one will set up a retirement facility, condominiums and an entertainment center.

The firm interested to build a mall plans to acquire a 17-hectare lot and build a two story mall in the lot.

Yu said the company finds it economical to build a two-story mall in a bigger lot than to build a high-rise building in a smaller lot.

The firm interested to build an IT complex will integrate in its plan a research laboratory and an IT academy.

The third company, which plans to build a retirement facility, also plans to open retail shops.

The three companies plan to lease and purchase the SRP lots.

Yu said the most expensive of the SRP lots is 17-hectare pond F located on the seafront and is priced at P15,000 per square meter or around P150 million per hectare.

The other lots are priced as low as P11,000 per square meter.

The Cebu City government has been able to title under its name only 210 hectares of the 295-hectare SRP because the estimated 60-hectare pond A is still underwater and has yet to be filled up.

The Cebu City government took a P6-billion loan from the Japan Bank for International Cooperation (JBIC) for the construction of the SRP.


For this year alone, the Cebu City government is allocating at least half a billion pesos in its 2008 budget to pay the amortization of the Japan loan of the SRP.
...
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Old January 25th, 2008, 05:06 PM   #102
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Proposed Civic Center and Tourism Estate - Consolacion

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its huge like dubai
Town of Consolacion "Ortigas of Cebu" soon to become the business hub of Cebu
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Old January 25th, 2008, 05:18 PM   #103
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another testament to cebu's growing economy! chinabank - cebu business park



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Groundbreaking ceremony marks the start of construction of China Bank Tower

A simple yet meaningful groundbreaking ceremony was held on January 18 to mark the official start of construction of the first phase of the new China Bank Tower in Cebu. China Bank Vice Chairman, Hans T. Sy; SVP and Branch Banking Group Deputy Group Head, Samuel L. Chiong; VP and Visayas/Mindanao Region Head, Patrick U. Go; and other officers of China Bank, participated in the groundbreaking ceremony at the site.

The China Bank Tower will rise on a 1,574-square meter lot at the heart of the Cebu Business Park (CBP), a sprawling 50-hectare business and residential development in Mabolo, Cebu City where the Ayala Center-Cebu shopping mall stands.

The first phase of the project, estimated to reach P80 million once completed, is a modern three-storey building with roofdeck which will house a new branch, China Bank - Cebu Business Park Branch, as well as other marketing and operational units, including regional and area offices. The 1,822.89-square meter facility is expected to be completed by July, 2008, in time for the 60th anniversary celebration of China Bank’s first provincial branch, China Bank Cebu-Magallanes.

SVP Samuel L. Chiong noted that Cebu is where China Bank opened its first branch outside Metro Manila and that the construction of China Bank’s first business center in Cebu underscores the bank’s continued commitment to the development of this Southern province. Cebu, the Philippines’ most densely populated island and second largest city, is now the fastest growing economy in the country. Next to Metro Manila, Cebu is home to the highest number of national and international corporations. It is also the base of the country’s domestic shipping. “In the ‘40s, China Bank was among the first banks in Cebu. Even then, we saw its immense growth potential. Working hand in hand with the local government, entrepreneurs, and businessmen, we are proud to have contributed to the vitality of the local economy,” said Chiong. To date, China Bank has thirteen branches all over Cebu.

Vice Chairman Hans T. Sy said that the China Bank Tower “will be a beautiful addition to the CBP skyline.” Aside from a low rise complex for China Bank’s operations in Cebu, an adjacent fourteen-storey class A office tower will also be constructed at a later date.

The tower, with a gross floor area of 7,621.11 sq.m., will feature a wide range of superior tenant amenities including high-speed Internet and telecom-munications systems, 24-hour security, extensive parking, on-site supplemental generator to ensure uninterrupted power service, as well as retail shops, restaurants, and cafeterias. Outside will be courtyards landscaped with gardens and seating areas. The architectural design for the entire 9,444-square meter project was undertaken by one of the top architectural firms in the Philippines, Jose Siao Ling & Associates. Dennis Abecede & Associates is the project manager while Monolith Construction is the contractor. Sonia Santiago Olivares & Associates will do the interior design.
...
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Old January 25th, 2008, 05:28 PM   #104
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John Gokongwei’s legacies for Cebu
By Jobers Bersales
Cebu Daily News
First Posted 12:57pm (Mla time) 01/24/2008



Exactly 40 years after German President Heinrich Luebke came to Cebu to break ground for the country’s first modern engineering education complex, the USC Technological Center in Talamban, billionaire entrepreneur John Gokongwei will fulfill his commitment to help in the development of world-class engineering in the country when he will also break ground for the Gokongwei Brothers Foundation Engineering Conference Center, also at USC Talamban Campus. To be built very near the College of Architecture and Fine Arts Building, the center will have an even loftier view of Cebu, Lapu-Lapu and Mandaue cities than all other buildings there. I am told that the center is just a beginning in the desire of the Gokongwei Brothers Foundation to raise the level of engineering education and research in the country to international standards.

Whenever John Gokongwei is asked to speak about the success behind his financial empire that now spans China and the whole of Southeast Asia, he never skips a beat in acknowledging that it all began in Cebu, where he faced the many trials that led to the uphill climb to become the force to be reckoned with in international retailing, agro-industry, food and beverage, air transportation and travel facilities, and petrochemicals.

Of the many colorful events in his life, I always take to heart the two things that I consider of special import from where I stand. The first is his being an alumnus of the USC Boys High School and, in 2004, of the entire university as well when USC conferred on him an honorary degree that made him the first and only doctor in the science of business and enterprise development in the country today. The groundbreaking incidentally coincides with the inauguration of a new building at USC main campus, the Ernest Hoerdemann Law and Business School later in the afternoon.

The second one has to do with his recollection of happy boyhood years watching movies with classmates at Vision Theater, one of the movie houses owned by his father whose sudden and untimely death in 1939 led to an early end to the innocence of youth and plunged him at a tender age of 13 into the world of cutthroat retail business amidst the clouds of war in the horizon.

Vision Theater, which shook prudish and conservative Cebu when it opened in the 1930s because of its pediment profuse with reliefs of nude Greek figures made by the Italian sculpture Dante Guidetti, survived the times, standing as the only structure left relatively unscathed in the wartime destruction of Cebu City in 1945. Still bearing its old name, the theater is today home to a lowlier kind of trade, the sale of pirated DVDs and VCDs on its ground floor and a billiard hall where the grand orchestra used to be. Hidden behind this seedy fašade however are remarkably preserved remnants of its life as popular movie house of Cebu’s pre- and post-war public, that is, until uptown commercial success drained the life of Colon Street in the late 1980s.

I asked the new heritage group called Hambin or Hamiling Binilin to explore the possibility of reaching out to Mr. John to ask for his help in purchasing Vision Theater and converting it into a performing arts center, a museum of Visayan cinematography, or some other cultural beacon to symbolize the survival of the old (silent movies and talkies) and the emergence of new media (digital filmmaking, animation, virtual reality imagery). The price is probably steep. But I am sure Mr. John will be all too happy to see that the movie house of his father and of his happy tender years survived the war and the agonizing death of trade and commerce on Colon, not to live in the infamy of pirated videos but to rise and reclaim an honorable place in Cebu’s cultural history and landscape.
...
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Old January 26th, 2008, 05:17 AM   #105
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CHINABANK HQ

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Old January 26th, 2008, 05:20 AM   #106
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Ultima Residences Fuente Tower III





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Old January 26th, 2008, 05:48 AM   #107
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[CENTER]Ultima Residences Fuente Tower III



This is so nice Jarenz, Thank you so much for the update!!!
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Old January 26th, 2008, 11:37 AM   #108
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The foundation was too deep. Just like making a 50 story building. I hope they can use those spaces for car parking. Very well appreciated...
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Old January 26th, 2008, 11:43 AM   #109
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lovely projects!
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Old January 26th, 2008, 11:47 AM   #110
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Highrise craze is steaming up Cebu City... The best is yet to Come... Boils out Cebu City!!! Surprize!!!!
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Old January 26th, 2008, 12:07 PM   #111
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Cebu from ship aboard...

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Old January 26th, 2008, 12:08 PM   #112
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Ultima Residences Fuente Tower III

Abi nako wala pa gyud ni sugdi.... they are working pa diay sa substructure...heheh Good news..anytime mo-protude na na siya.....
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Old January 26th, 2008, 12:10 PM   #113
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The very best of Cebu.... Sinulog Festival... 2008!!!

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Old January 27th, 2008, 05:06 AM   #114
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Old January 27th, 2008, 07:30 AM   #115
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wow Cebu. Only Philippine City in this thread!
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Old January 27th, 2008, 07:42 AM   #116
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Actually there were two, Cebu and Manila.. Another one coming, I think it's CDO-Iligan.. Currently there is already highrise projects in CDO-Iligan... Very good...
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Old January 27th, 2008, 08:18 AM   #117
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Actually there were two, Cebu and Manila.. Another one coming, I think it's CDO-Iligan.. Currently there is already highrise projects in CDO-Iligan... Very good...
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Old January 29th, 2008, 04:47 AM   #118
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Construction of the foundation of Ramos Ultima begins Feb. 2008!

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Old January 29th, 2008, 07:12 AM   #119
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e-block, ladies and gentlemen!!!

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Old January 29th, 2008, 08:39 AM   #120
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Construction of the foundation of Ramos Ultima begins Feb. 2008!

Wow. Looks like something that's usually proposed for Manila. Go go Sugbo!
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