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Discussion Starter · #1 ·
Quezon Central Business District



I think Triangle Park is more appropriate since Vertis North is just 29 hectares of the entire CBD project when we're talking about the North and East Triangles.

Philippines' Ayala in $1.5 bln property project



AFP News – 18 hours ago Related Content View PhotoA sprawling shanty-town contrasts with high rise office buildings in Quezon city, …

Philippine property giant Ayala Land Inc. said Thursday it will spend 64 billion pesos ($1.5 billion) over the next 15 years to develop a former squatter colony in a suburb of the capital.

The 29-hectare (72-acre) lot in the largely-residential Quezon City area will be a joint venture with the government's National Housing Authority which owns the property, company spokesman Jorge Marco said.

Ayala, known for its upscale housing, office and shopping mall projects, will develop the area while the housing authority will retain the real estate, he added.

"It will house both residential, office, retail and hotel units," he told AFP.

The first phase, spanning about four years, will involve setting up three buildings for business process outsourcing operations, along with a business hotel and a mall in a seven-hectare section, he said.

This first stage will cost about 12 billion pesos.

Much of the area was once a gigantic squatter area where some 6,000 families lived in squalor.

Hundreds of these squatters rioted in 2010 to oppose their relocation, forcing President Benigno Aquino to postpone the demolition of their shanties.

The area covered by the first phase of the project has already been cleared of squatters who have been relocated by the government, Marco said.

Ayala Land, the flagship of the diversified Ayala Corp. conglomerate, posted a 31 percent growth in its net profit last year, hitting 7.14 billion pesos.

Source: http://ph.news.yahoo.com/philippines-ayala-1-5-bln-property-project-171129826--finance.html

credits: vertisnorth.com












Check out the vertis north website! http://www.vertisnorth.com


It would have been nice if Vertis North included the area occupied by Manila Seedling Bank. Actually I would have preferred if they also occupied all the way back until Parks and Wildlife. That would look great. Pagandahin na rin ng ALI ang Parks and Wildlife! :D



:banana::banana::banana:
 

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45 Towers for 1.5 billion $?

Amazingly cheap and I guess it will be amazingly fast build. Very impressive.


In my city you could build no more than 4.5 towers for that money and it would take 5 times longer. This is no joke :(
 

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Discussion Starter · #6 ·
45 Towers for 1.5 billion $?

Amazingly cheap and I guess it will be amazingly fast build. Very impressive.


In my city you could build no more than 4.5 towers for that money and it would take 5 times longer. This is no joke :(
hello ! germany is a first world country , while my country is third world country

.....soon philippines will shine :cheers:

for more info about qcbd visit: http://www.vertisnorth.com/
 

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The people living in those slums will be the luckiest people in Quezon City once the entire Vertis North is developed.. Ayala Land will have a bigger problem in removing them once they realize how high the value of their land will appreciate in the coming years.. ALI should remove them as early as possible..
 

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The people living in those slums will be the luckiest people in Quezon City once the entire Vertis North is developed.. Ayala Land will have a bigger problem in removing them once they realize how high the value of their land will appreciate in the coming years.. ALI should remove them as early as possible..
:lol: no matter how high the value of that land goes, they can never sell it anyway because they don't own it in the first place.
 

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^I am surprised with the owners of land being taken over by the informal settlers. Why don't they utilize their own land into more lucrative means? How much money do they get from these skwawas?
 

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What a pity. The government and its people are but a hapless victim to a flawed housing legislation enacted almost a decade ago. It's really high time the government allot property and earmark budget for decent and quality housing projects for the poor populace. I root for brownfield developments or 'satellite' communities that can improve and decongest the Metro's urban blight. Indeed, Vertis North has a very favorable potential given its prime location and the uncompromising reputation of its developer.
 

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Satellite communities are usually frown upon by squatters. Usual complaints: too far, not properly built, no jobs, etc. As a result, they sell their rights and come back to the city. Better to regentrify a selected neighborhood and/or build tenements just like what is happening in Pasig.
 

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Vertis North Launching will be on March 15, 2013 and now they accepting letter of intent with reservation fee ( cheque ) worth 20,000 pay to Ayala Land Inc. the said LOI and reservation will be prioritized inquire now! :)


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