Megaworld’s rental income recovers in Q3, up 13% QoQ

Company remains optimistic of ‘better days ahead’ as government intensifies efforts to revive the economy

Property giant Megaworld’s rental income grew 13% to P3.4-billion during the third quarter from P3-billion in the previous quarter as quarantine restrictions have been eased.

The company’s office rental business, under the Megaworld Premier Offices brand, continued its growth momentum during the quarter as it grew 6% to P2.96-billion from P2.80-billion in the previous quarter. Year-on-year, it grew 11% in this year’s third quarter from P2.68-billion during the same period last year, while during the first nine months of the year, it also grew 11% to P8.57-billion compared to P7.75-billion in the same period last year.

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Taft Properties launches P10 billion development in Cebu

Real estate company Taft Property Venture Development Corp. announced today, Wednesday, that it is undertaking a high-rise development at a prime location in Cebu City.

Named Taft East Gate, the mixed-use residential community will feature four high-rise condominium towers with the added benefits of dining and retail outlets, said project development head Lydwena Eco.

It will rise along the corner of Pope John Paul and Cardinal Rosales avenues, one of the top prime areas in Cebu, she added.

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Taft Properties highlights Comforts of Christmas in its premium homes

Taft Properties highlighted the comforts of hearth and home when it lighted up a set of Christmas trees on Friday, October 23, in anticipation of a joyful and hopeful season in spite of a global crisis.

Since the times call for keeping social circles small and staying put, Taft believes in the value of purposeful designs that provide the best living experience.

As the world counts down to the most magical time of the year, the company underscores the Comforts of Christmas that are present in every Taft home.

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Megaworld grows office business even during pandemic

Office rental income growth of 10% helped cushion pandemic impact even as H1 profits registered 34% drop

Megaworld, the country’s leading developer of integrated urban townships, posted a 34% drop in its net income during the first half of the year, from P8.9-billion to P5.9-billion. Consolidated revenues for the first six months declined by 25% year-on-year to P23.8-billion from P31.7-billion last year.

The company, on the other hand, recorded P2.1-billion net profit during the second quarter this year, a 56% decline from P4.8-billion during the same period last year, as the country was reeling from the impact of the nationwide lockdown that affected most businesses.

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Megaworld’s reservation sales hit P38B in first half of 2020

Megaworld, the country’s largest developer of integrated urban townships, has booked P38-billion in reservation sales for various residential projects during the first half of the year.

For the entire second quarter, the Megaworld Group generated P17 billion in reservation sales, at a time when most parts of the country were placed under “enhanced community quarantine.”

“While the method of selling real estate during quarantine period was quite challenging, our digital sales strategies that we’ve been working on since two years ago paved the way for faster, smoother and safer transactions, and client engagements. We thank all our customers for the trust and confidence even during this time,” said Megaworld Chief Operating Officer Lourdes Gutierrez-Alfonso.

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Megaworld launches 5th residential development in Cebu

20-storey The Pearl Global Residences to add 222 residential units in the 30-hectare The Mactan Newtown

Property giant Megaworld is launching its fifth residential development inside the 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu.

The 20-storey The Pearl Global Residences will add 222 units in the existing 1,836 residential unit inventory in the township. It will be the 11th residential condominium tower to rise inside The Mactan Newtown, which boasts of its own beachfront.

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Mandani Bay Quay launches 3rd residential tower

To keep up with the emergence of more discerning buyers, Mandani Bay Quay launched the third and last residential tower in the second phase of the waterfront development with its first ever fully-furnished units.

It will not just be throwing in furniture and appliances together though as the interior will be styled by world-renowned designer Ptang Studio Limited, said HTLand Project Director Gilbert C. Ang.

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Savoy Hotel Mactan Newtown opens

With its 547 guest rooms, Savoy Hotel Mactan Newtown is the biggest hotel in terms of number of rooms in Mactan Island and the 2nd biggest in the entire Cebu.

The 18-storey hotel officially opened today. The hotel targets mostly business travelers and family vacationers because of its proximity to the beach and resorts around Mactan, as well as the new Mactan-Cebu International Airport.

“Savoy Hotel Mactan Newtown is just 15 minutes away from the airport, which makes it a perfect choice for business travelers. Its location also allows one to experience the beach and the township at the same time, where restaurants, cafes, supermarket, spa, and other retail shops are just within easy reach,” said Megaworld Hotel Managing Director Raymundo Melendres.

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Megaworld to open 3rd Savoy Hotel in Mactan

The company’s first hotel development in Cebu offers 547 rooms and suites, with close accessibility to Mactan Newtown Beach and future ‘beach mall’

Township developer Megaworld is opening its first hotel development inside its 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu next month.

The 18-storey Savoy Hotel Mactan will offer 547 guestrooms and suites, targeting mostly business travelers and family vacationers because of its close accessibility to the beach and resorts around Mactan, as well as the new Mactan-Cebu International Airport.

“Savoy Hotel Mactan is just 15 minutes away from the airport, which makes it a perfect choice for business travelers. Its location also allows one to experience the beach and the township at the same time, where restaurants, cafes, supermarket, spa, and other retail shops are just within easy reach,” said Raymundo Melendres, managing director of Megaworld Hotels.

The hotel offers superior and deluxe rooms, deluxe premier, and junior suites – all fully equipped with essential amenities, in-room electronic safety box, 43” LED TV, coffee and tea-making facilities, mini-bar, and wireless internet connection.

Interiors

Savoy Hotel Mactan’s interiors are designed by world-renowned Hirsch Bedner Associates (HBA), the same firm that designed Marina Bay Sands and Fullerton Hotel in Singapore, as well as Shangri-La Dubai and St. Regis Abu Dhabi in UAE.

The hotel also has a wide range of function and meeting rooms. It also has food and beverage outlets such as the Savoy Café for breakfast and all-day dining, Lobby Café for coffee and pastries, Zabana Bar at the lobby area that offers cocktails and drinks, Pool Bar at the third level, and the Patio, an outdoor dining area located at the second level.

Savoy Hotel Mactan, Cebu

The hotel’s amenities include a swimming pool, paved sunbathing lounge, fitness center, business center, and a flower garden.

“Savoy Hotel Mactan caters to smart travelers who appreciate the harmony between work and leisure, where they can discover and experience the hospitality of passionate Filipino hoteliers,” said Grace Bartolome, Savoy Hotel Mactan general manager.

To be operated by Megaworld Hotels, Savoy Hotel Mactan will offer complimentary shuttle services to and from the Mactan Newtown Beach. Transport services will also be offered to guests traveling to and from the Mactan-Cebu International Airport.

Introductory rates

As the hotel opens its doors in November, it will offer introductory rates of P3,288 to P5,888 per night, inclusive of buffet breakfast for two, depending on the room category.

Megaworld spent P1.7 billion to build the hotel, which is one of the many hotels that it plans to put up inside The Mactan Newtown.

Savoy Hotel Mactan is the third hotel under the Savoy Hotel brand, a homegrown hotel chain established by Megaworld. Other Savoy Hotels have already opened in Boracay Newcoast and in Newport City, Pasay City.

To date, Megaworld Hotels has already opened four other homegrown brands aside from Savoy: Richmonde Hotels, Belmont Hotels, Twin Lakes Hotel, and Hotel Lucky Chinatown, with around 3,200 hotel rooms. In the next 5 years, the company will also open new homegrown hotel brands in Parañaque, Bacolod, Iloilo, Boracay, and Laguna.

Just last month, Megaworld also opened the P2.1 billion Belmont Hotel Boracay inside Boracay Newcoast, a 150-hectare tourism township being developed by its subsidiary, Global-Estate Resorts, Inc. (GERI).

During the first quarter this year, Megaworld’s hotel business became the fastest-growing segment of the quarter, soaring 56% to P574 million compared to last year’s P368 million.

Megaworld to build P1.5B beach mall in Mactan Newtown

New mall on a shoreline cliff to be highlighted by a man-made lagoon, boutique hotel, garden chapel, beach walk, and rows of retail shops & restaurants including four cinemas

Property giant Megaworld is building a two-level mall along the beachside cliff of its 30-hectare The Mactan Newtown development in Lapu-Lapu City.

With a total gross floor area of 30,000 square meters, the Mactan Newtown Beach Walk will be highlighted by a 1.4-hectare man-made lagoon at the center.

The lagoon will have floating boardwalks and a bridge that will connect both sides of the mall. With a maximum depth of around 1.5-meters, it can also serve as venue for future water sports activities such as jet ski, wakeboarding, stand-up paddling, and boating. It will also have its own man-made shoreline at its perimeter.

Mactan Newtown Beach Walk

The Mactan Newtown Beach Walk, which is designed and to be operated under the Megaworld Lifestyle Malls brand, will also have its own chapel that will be surrounded by a garden by the Cliffside, overlooking the sea.

Panoramic view

It will also have four state-of-the-art cinemas, a Food Hall, al fresco areas, Traveler’s Lounge, and a view deck, allowing visitors and mallgoers to have a panoramic view of the sea and nearby islands.

“Megaworld Lifestyle Malls is bringing a fresh, new concept of mall development in Cebu that recreates and innovates the beach lifestyle experience. We take inspiration from some iconic coastline commercial developments in South California, where visitors can enjoy coffee, meet friends over lunch or dinner, watch a movie, or simply shop around in this laid-back beach atmosphere,” explains Kevin L. Tan, chief strategy officer, Megaworld.

The mall complex will also have its three-storey boutique hotel, offering 48 spacious guestrooms with retail shops at its ground level. This will be operated under the Megaworld Hotels brand.

True to its commitment to sustainability, Megaworld will use solar roof panels for this new mall, and will utilize an open layout scheme for passive cooling and natural lighting in most of the development’s common areas.

Green, open spaces

Around 40% of the entire development will be dedicated to green and open spaces.

“We will even have some untouched areas for bike trails, airsoft shooting, and tree-top activities. This part of the Mactan Newtown is abundantly surrounded with trees, and we want to keep them,” adds Tan.

Megaworld will spend P1.5-billion to build the Mactan Newtown Beach Walk, which is expected for completion in 2021.

Federal Land unveils 5th tower in premier Cebu development Marco Polo Residences

Designed like two overlapping pearls with interiors that take inspiration from the surrounding greenery, Marco Polo Parkplace will soon rise within exclusive Nivel Hills as the fifth and final tower in the Federal Land development Marco Polo Residences.

The latest condominium building, which has just began construction, will have 350 residential units covering a selection of studio, 1-bedroom, and 2-bedroom with living spaces ranging from 30 to 79 square meters.

CEBU AS INVESTMENT DESTINATION. John Cabato, Senior Vice President and Head of Sales and Marketing for Federal Land, Inc., said Marco Polo Parkplace will start accepting reservations for condo units within September.

CEBU AS INVESTMENT DESTINATION. John Cabato, Senior Vice President and Head of Sales and Marketing for Federal Land, Inc., said Marco Polo Parkplace will start accepting reservations for condo units within September.

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KMC Solutions expands office space portfolio in Cebu

Seeing a rising demand for flexible office spaces, KMC Solutions embarks on an ambitious expansion throughout the country with Cebu leading the growth in 2019.

The company has scheduled in September the grand opening of a new site at a premium grade building in Cebu IT Park that will add 970 seats to its current office space portfolio in Cebu.

KMC meets the complete range of office needs, including co-working facilities, private offices, training rooms, breakout areas, and large open event spaces designed for corporate functions.

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Megaworld’s 1st half 2019 earnings up 18% to P8.9B

Residential, rental, and hotel businesses register double-digit growth

Megaworld, the country’s pioneer in and largest developer of townships, grew its net income by 18% to P8.9-billion in the first half of 2019 from P7.5-billion during the same period last year. Excluding a non-recurring gain of about P189-million in the first six months of 2019, the company saw a 15% increase in earnings compared to the same figure last year.

Net income attributable to parent company, on the other hand, rose 16% to P8.3-billion from P7.2-billion during the same period the previous year.

Double-digit growth

Megaworld’s earnings was fueled by a collective growth of 16% in its core businesses related to residential sales, leasing of Megaworld Premier Offices and Megaworld Lifestyle Malls, as well as operations of the brands under Megaworld Hotels. Each of the company’s core businesses exhibited double-digit growth from January to June this year.

Likewise, consolidated revenues of the company went up 18% to P31.7-billion during the first half of 2019 from P27-billion during the same period last year. Broken down, Megaworld’s residential business, rental, and hotel operations, accounted for 63%, 26%, and 4% of total revenues, respectively. The balance of 7% came from its non-core revenues.

Megaworld Hotels: The company’s hotel business was the fastest-growing segment for the first half of the year, growing 80% compared to the same period last year.

MEGAWORLD HOTELS. The company’s hotel business was the fastest-growing segment for the first half of the year, growing 80% compared to the same period last year.

“The current economic landscape is quite favorable so we continue to be optimistic on the remaining five months of 2019. Interest rates are on a downtrend, which is a very positive news for our residential business. Vacancies in both office and commercial segments are on an all-time low, and we don’t see this changing in the near future due to the robust sign-ups we are seeing from big companies and business owners. Tourism growth, likewise, remains strong, and this should continue to fuel our blossoming hotel operations especially that we are opening more hotels henceforth,” said Kevin L. Tan, chief strategy officer, Megaworld.

New inventory

Residential sales improved to P20.2-billion during the first six months of 2019 from P18.1-billion during the same period in 2018, registering a growth of about 11% year-on-year.

The company launched a total of P39-billion in new inventory during the first half of the year while sales reservations reached P80-billion by the end of the period.

On the rental front, Megaworld’s leasing revenues soared to P8.1-billion during the first six months of the year from P6.8-billion in the same period in 2018, a remarkable 20% growth year-on-year.

By yearend, the company is expected to complete more than 230,000 square meters of leasable space from its two rental brands of Megaworld Premier Offices and Megaworld Lifestyle Malls all over the country.

MCKINLEY HILL. The 50-hectare McKinley Hill in Fort Bonifacio celebrates its 15th anniversary this year and serves as a home to 90,000 office workers.

MCKINLEY HILL. The 50-hectare McKinley Hill in Fort Bonifacio celebrates its 15th anniversary this year and serves as a home to 90,000 office workers.

Megaworld Lifestyle Malls

Just a few weeks ago, the company announced that it plans to expand its Megaworld Lifestyle Malls footprint outside of Metro Manila with the opening of 8 new malls and commercial centers in key regional centers in the next three years. The plans will cover as much as 200,000 square meters of fresh retail inventory until 2022.

The company’s hotel operations under the Megaworld Hotels brand became the fastest growing segment during the first half of 2019, soaring 80% to P1.3-billion from P715-million last year.

Megaworld Hotels is expected to add another 1,000 room keys this year with the scheduled openings of Belmont Hotel Boracay and Savoy Hotel Mactan Newtown before year-end.

Megaworld Hotels now has 8 homegrown hotels across the country: Richmonde Hotel Ortigas, Eastwood Richmonde Hotel, Richmonde Hotel Iloilo, Savoy Hotel Manila, Savoy Hotel Boracay, Belmont Hotel Manila, Hotel Lucky Chinatown, and Twin Lakes Hotel.

Masterplanned townships, lifestyle communities

Celebrating its 30th year in the real estate industry, Megaworld already has 24 masterplanned townships and integrated lifestyle communities across the country, namely: Eastwood City in Libis, Quezon City, (18.5 hectares); Newport City in Pasay City (25 hectares); McKinley Hill (50 hectares), McKinley West (34.5 hectares), Uptown Bonifacio (15.4 hectares) and Forbes Town (5 hectares), all in Fort Bonifacio, Taguig City; The Mactan Newtown in Lapu-Lapu City, Cebu (30 hectares); Iloilo Business Park in Mandurriao, Iloilo City (72 hectares); Sta. Barbara Heights in Sta. Barbara, Iloilo (173 hectares); Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Alfonso, Batangas near Tagaytay (1,200 hectares); ArcoVia City in Pasig City (12.3 hectares); Southwoods City in the boundaries of Cavite and Laguna (561 hectares); Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Piñas City (62 hectares); Eastland Heights in Antipolo, Rizal (640 hectares); Suntrust Ecotown in Tanza, Cavite (350 hectares); Maple Grove in General Trias, Cavite (140 hectares); The Hamptons Caliraya in Lumban-Cavinti, Laguna (300 hectares); The Upper East (34 hectares) and Northill Gateway (50 hectares) both in Negros Occidental; Capital Town Pampanga beside the Pampanga Provincial Capitol in the City of San Fernando (35.6-hectares); Westside City in the Entertainment City in Paranaque City (31 hectares); and Highland City in Cainta, Rizal (24 hectares). (Press Release)

Priland launches 2-tower Vertex Coast in Mactan’s resort neighborhood

Homegrown real estate developer Priland Development Corporation brings the resort concept to home and office with the launch of Vertex Coast in Punta Engaño.

The two-tower residential development will rise alongside Cebu’s most premier beach resorts and prime real estate in Mactan.

With a combined 738 units for residential and small office-home office (SOHO) use, Vertex Coast incorporates the 360 living concept that capitalizes on the spectacular views of the Mactan Channel, said Priland Sales Manager Irvin Paul Pastoriza.

Priland President Ramon Carlo Yap said they plan to break ground for the project by first quarter of 2021 and complete it three years after or in 2024.

Home office units

The mid-range development will offer customizable studio, one-bedroom, two-bedroom, and penthouse units, making them the ideal investment for home, retirement, or source of rental income.

According to Pastoriza, three floors or 54 units in each tower will be set aside for small office-home office or SOHO use. SOHO units measure around 26 square meters for studio and 50 square meters for one-bedroom.

VERTEX COAST PRESS CONFERENCE. Priland President Ramon Carlo Yap (center) talks to reporters about Vertex Coast in Punta Engaño in Mactan. With him are Priland Sales Manager Irvin Paul Pastoriza (left) and Priland Chief Operating Officer Marcelino Relampagos.

VERTEX COAST PRESS CONFERENCE. Priland President Ramon Carlo Yap (center) talks to reporters about Vertex Coast in Punta Engaño in Mactan. With him are Priland Sales Manager Irvin Paul Pastoriza (left) and Priland Chief Operating Officer Marcelino Relampagos.

Yap added that the company decided to set aside a considerable number of SOHO units in its Punta Engaño development after observing a growing demand for office space, especially among small businesses.

Another Priland development, Paseo Grove Mactan, has been modified to incorporate two towers solely made up of spaces that can double as small offices.

Exceptional amenities

Purely residential units in Vertex Coast measure around 24-26 square meters for studio, 39-45 square meters for one-bedroom, and 53-67 for two-bedroom. Unit cost ranges from P3.1 to P15 million.

Encompassing a total area of 2,700 square meters, Priland’s mid-range development will feature exceptional amenities, according to company executives.

An amenity deck with a spacious lobby will allow residents to move between two towers with ease. Shared amenities include an infinity pool, kiddie pool, garden deck, gym, and game room. There will be multi-purpose rooms in both towers for functions.

Vertex Coast will also have commercial spaces open to establishments that will provide modern conveniences to homeowners.

Prestigious location

The Vertex Coast launch follows another successful Priland development administered under a similar group, Vertex Central in Cebu City. Pastoriza said Vertex Central is already 80 percent sold, with only the bigger and penthouse units still available.

In line with its goal to support a modern lifestyle, the company brings the Priland Advantage to every development.

Provisions for air-conditioning unit, telephone line, cable line, induction stove, and range hood are standard in all Priland Residences project, including Vertex Coast.

Located in Mactan’s prestigious barangay of Punta Engaño, the Vertex Coast neighborhood includes such top resorts as Mövenpick Hotel, Seagrove, Shangri-La’s Mactan Resort & Spa, Mactan Newtown, Emerald Bay, Sheraton, Dusit Thani Mactan Cebu Resort, Arterra Discovery Bay, The Reef, and Crimson Resort & Spa Mactan.

About Priland

Part of a well-established and diversified group of companies that has excelled for over 20 years, Priland Development Corporation channels decades of business expertise into providing families and investors with quality real estate properties.

Primehomes launches exclusive housing community Luana Dos

With its wide roads, tropics-inspired amenities, and spacious homes, Luana Dos aims to create a community where families can live idyllic lives.

This is exactly why the fifth and newest residential project of Primehomes Development Corp. is named after the Hawaiian word for “hayahay”, said Harold Vince See, the company’s business development manager.

He added that while Luana Dos will only have 55 homes, it will still have such amenities as a gazebo, basketball court, and swimming pool.

PrimeHomes
PRIMEHOMES. The PrimeHomes Development Corporation Team headed by President and CEO Benedict Que.

 

Luana Dos unveiling

Primehomes unveiled Luana Dos, located in the town of Minglanilla, at dinner or luau in Golden Prince Hotel and Suites last Saturday, January 26, 2019, where it also announced it held a blessing for the model units of the development earlier in the day.

Luana Dos spans an area of about 10,000 square meters and will be primarily composed of single attached and single detached units. The first development in the Luana series had 110 units and was sold out in a year.

“We want to be top of mind choice for medium to high income subdivision with our Luana series. All Luana developments will have a swimming pool, basketball court, lush greenery, community area, 24-hour security personnel, and property management team. We want our residents, the residents of Luana Dos, to have a place to relax, chill out, mingle with their neighbors as well as have peace of mind,” said Primehomes President and CEO Benny Que.

Primehomes
BLESSING. Officiating priest Fr. Jumao-as, President and CEO Benedict Que, Vice President Henry See, and Business Development Manager Harold Vince See.

 

Upper middle class

He estimated the project cost of Luana Dos, which is being targeted for the upper middle class bracket, to be around P200 million. The price of subdivision units ranges from P3.8 to P7.4 million. The smallest house will be 88 square meters while the biggest unit will reach 156 square meters.

According to Que, Primehomes was formed in 2008 with a mission to deliver quality, safe, and efficient homes.

Its first project was a 306-unit economic housing development named Henaville in Compostela. Henaville was the first residential community of its kind where homes came with a carport, a consequence of the company’s objective to be always on the lookout for innovative ideas.

 

Primehomes Benny Que
QUALITY, SAFE HOMES. Primehomes President and CEO Benny Que says the company was formed in 2008 with a mission to deliver quality, safe, and efficient homes.

Bamboo Bay holds annual post-Sinulog celebration

Sinulog performances, street parade, reenactment of the arrival of the Señor Sto. Nino image in Cebu, and a feast of local cuisine marked the post-Sinulog celebration in the Bamboo Bay Community.

The Halad Kaniño Sinulog Open House last Saturday, January 26, 2019, was in observance of an event that has become a yearly tradition for the community, said Jojie Benitez-Tajanlangit of Contempo Property Holdings, Inc.

She added in her welcome message that traditions of faith and culture like the Sinulog in Cebu serve to bind Cebuanos together and Bamboo Bay contributes to keeping the festival alive through its annual event.

Contempo is the developer behind the three-tower condominium Bamboo Bay Community.

Bamboo Bay Sinulog
SINULOG AT BAMBOO BAY. Dancers of Tribu Mabolokon from Mabolo perform a Sinulog number during the annual celebration at the Bamboo Bay Community.

 

Post-Sinulog party

Many homeowners showed up for the post-Sinulog 2019 celebration in colorful festival outfits and some had on the typical Sinulog headdress of lace, ribbons, and feathers. A few brought their Sto. Niño images for the street dancing.

They received a crash course on the Sinulog steps from the Cebu Normal University dance troupe shortly before the parade. To give the event more meaning, residents were also treated to a short historical explanation of the Sinulog through a reenactment of the arrival of Spanish conquistador Miguel Lopez de Legazpi.

Performers comprising the Sinulog 2019 contingent from Mabolo, the Tribu Mabolokon, wowed guests with several performances. The group placed 7th in the ritual showdown and third in the street dancing categories during the Sinulog sa Barangay earlier this January.

Bamboo Bay Sinulog
Contempo Property Holdings Inc. Founder and CEO Beverly Dayanan with performers during the annual Sinulog celebration at Bamboo Bay Community. The housing community is a project of Contempo.

 

Festival food

Bamboo Bay’s sales and marketing team showed interested guests around the community. The condominium also accepted model unit viewing after the Halad Kaniño Sinulog Open House.

The Sinulog celebration entails a feast and Bamboo Bay prepared a sumptuous one for homeowners and guests. Lechon and other local food were served in the lunch buffet held at the community’s multi-purpose hall.

A Halad Kañino exhibit featuring the works of Celso Pepito and several other artists was also ongoing at the Contempo Art Gallery. A few lucky guests won portrait sketching prizes during the event.

 

More photos of the Sinulog celebration at Bamboo Bay Community

 

Sinulog dance
SINULOG DANCE. Residents get a quick lesson from performers on how to dance the Sinulog routine.

 

Sinulog at Bamboo Bay Community

 

Sinulog at Bamboo Bay

 

Sinulog at Bamboo Bay Community

AboitizLand breaks ground for Foressa Mountain Town

AboitizLand takes another step towards redefining outdoor living as it breaks ground for the first phase of the Balamban development Foressa Mountain Town.

Aside from the usual amenities of a residential development like a clubhouse and pool, future homeowners of the mountain resort community in the Cansomoroy highlands will have access to a forest reserve, caves, and rivers as well as hiking and bike trails.

“We envision Foressa as a different community altogether. We have developments in the city or by the beach but this will be the first ever in the country to be on a mountaintop,” said AboitizLand Business Unit Head Vivien Vicente-Limjoco during the groundbreaking held on August 29, 2018.

AboitizLand is only selling lots in Foressa with average cut of 400 square meters.

Foressa Mountain Town grounbreaking
FORESSA MOUNTAIN TOWN GROUNDBREAKING. (From left) Foressa Construction Project Director Marvin Gamboa, AboitizLand Assistant Vice President of Industrial Business Unit Roger Pesole, Provincial Board Member Alex Binghay, Cansomoroy Barangay Captain Rolando Bacalso, JC Rodriguez Construction Corp. President Jun Rodriguez, AboitizLand Residential Business Unit Head Vivien Vicente-Limjoco and Construction Management VP Honesto Medina break ground on the Foressa Mountain Town in Balamban.

 

Mountain development

First phase covers 51 hectares of the 250-hectare development and will have 242 available lots, according to Project Development Manager Jose Marie de la Paz.

It will include the construction of Foressa Lodge made up of a few cabins that can accommodate overnight stays for those who wish to experience living in the mountain resort community.

Limjoco said site development will happen for a period of 20 months, after which lot owners can start building their homes.

Foressa will have Asian-inspired homes and amenities, de la Paz added. Aside from the lodge, these will include a main pavilion and three-tiered pools.

Foressa Mountain Town
TIME CAPSULE. AboitizLand Residential Business Unit Head Vivien Vicente-Limjoco leads the laying down of the time capsule as part of the Foressa Mountain Town groundbreaking.

 

Vacation home

Since its launching in April 2017, Foressa Mountain Town has sold off several lots to nature lovers and those who are looking for a second home or vacation residence.

The development’s adventure park, Foressa Trails, has become popular with adventure seekers. They are attracted to three hiking trails that cater to all types of hikers and four bike trails with varying lengths and difficulties, as rated by the International Mountain Bicycling Association (IMBA).

Foressa Trails has played host to international obstacle races, trail runs, and motorbike event since it opened in October 2017.

AboitizLand’s residential development in Cansomoroy, Balamban can be reached by a 90-minute drive through the Transcentral Highway.

 

Foressa Mountain Town
MOUNTAIN RESORT. Future homeowners of the mountain resort community in the Cansomoroy highlands will have access to a forest reserve, caves, and rivers as well as hiking and bike trails.

Cebu Landmasters launches mixed-use Astra Centre in Mandaue

Two high-rise towers with a world-class hotel, residential units, and office spaces linked by a podium hosting an upscale boutique mall will make up Cebu’s upcoming lifestyle hub Astra Centre, Cebu Landmasters, Inc.’s second full-range mixed-use development.

Jose Soberano III, CLI chief executive officer, said during the launch of the P3.6-billion project yesterday, August 8, that Astra Centre is “an astounding, aspiring, and all-in-one development” well suited to the dynamic lifestyle of the Cebuanos.

Astra Centre Landmaster Joe Soberano III
CHANGE LANDSCAPE. Jose Soberano III, CLI chief executive officer, says Astra Centre “will change the landscape of Mandaue City.”

 

Mandaue growth corridor

It will rise on a 1.2-hectare lot along AS Fortuna St., which Soberano described as Mandaue City’s new growth corridor.

“Astra Centre will change the landscape of Mandaue City “ he added, citing that the project espouses a compact community concept where everything is within walking distance—from residence and workplace to shopping and entertainment.

First Radisson RED

CLI plans to finish the first phase of the project, which will include the 30-floor first tower and lifestyle mall, in three years or by 2021, according to the company’s chief operations officer, Jose Franco Soberano.

Astra Centre Jose Franco Soberano
LIFESTYLE HUB. CLI COO Jose Franco Soberano talks about upcoming lifestyle hub Astra Centre during its launch.

 

He said the high-rise building will host both the first Radisson RED in the Philippines and the residential component One Astra Place.

The 146-room hotel, to be operated by the Radisson Hotel Group, will have a unique design and upscale service offerings that will be informal, aspirational, and targeted towards millennials, according to a press statement released during the launch.

One Astra Place

One the other hand, One Astra Place will occupy 15 floors consisting of 478 units with such amenities as an infinity pool, kiddie pool, function rooms, gym, al fresco area, and skydeck.

The three-level Astra Centre Mall will be a new concept as well, with half of retail spaces located outdoors, said the younger Soberano.

Tower 2, which is part of the development’s second phase, will combine Astra Corporate Center’s 12 floors of modern office spaces and residences.

 

Astra Centre Cebu Landmasters
LAUNCH. Jose Soberano III, CLI chief executive officer, leads his team in unveiling Astra Centre.

Bamboo Bay kicks off summer with art exhibit, wellness talks

A refresher on easy to prepare health treats by Detox Bar founder Anne Dala, flower power art exhibit featuring local artists, and display of homeowner Debbie Degracia’s succulents collection kicked off the Summer Festival celebration at the Bamboo Bay Community.

The activities held last April 14 are just among the array of special offerings for this month and throughout May that serve to highlight Bamboo Bay’s advocacy for art, nature, wellness, and family, said Contempo Property Holdings, Inc. President Beverly Dayanan.

Bamboo Bay Community Flower Power Exhibit
FLOWER POWER. Land Transportation Franchising and Regulatory Board 7 Director Ahmed Cuizon leads the opening of the Flower Power Exhibit at the Bamboo Bay Community.

The Flower Power Exhibit, which will run up to May 31, 2018, features a collection of art pieces by renowned Cebuano artists Celso Pepito, Fe Madrid, Vidal Alcoseba, Jr., Jose Yap Baguio, Jerson Calo, Edgar Carabio, Sofronio dela Cerna, and Joval Ponce. The exhibit is hosted at the Contempo Art Gallery and has support from Manila Art Frames.

Land Transportation Franchising and Regulatory Board (LTFRB) 7 Director Ahmed Cuizon graced the opening of the exhibit.

Bamboo Bay Community
FOOD, WELLNESS. Detox Bar founder Anne Dala talks about eating right and wellness.

Wellness lifestyle

Ms. Dala, who is also a home chef and food revolution ambassador, held a demo on preparing nutritious and delectable summer drinks using common ingredients.

Festival guests learned how to make a banana shake more nutritious by adding kale and malunggay to the mix. Beetroot, which is a rich source of folate, can also add flavor and nutrients to your summer drinks.

Bamboo Bay Community Summer Festival
OPENING. Rochie Dayanan-Lumain, Contempo Properties, Inc. Sales and Marketing manager, welcomes guests to the Bamboo Bay Community Summer Festival opening.

Anne Dala’s demo puts focus on a unique feature of the Bamboo Bay Community, and that is the Edible Garden. It will soon supply the soon-to-open Community Store with vegetables and organic herbs.

Summer-long activities

Degracia brought her collection of succulent plants to the Summer Festival launch, and these were a big hit with visitors. She shared tips on how to properly care for succulents.

Bamboo Bay will play host as well to exciting activities for the month of May. Events lined up include the Flores de Mayo celebration. Special masses will be held every Saturday, and they will end with flower offerings for Mother Mary at the Bamboo Bay Chapel that is dedicated to Our Lady of Mary Mediatrix of All Grace.

Bamboo Bay Community Summer Festival
Celso Pepito with two of his works.

A Santacruzan procession around the community to be participated by homeowners and guests will cap off the summer-long celebration at Bamboo Bay, as it lives up to its aim to be a place for life’s best moments.

About Contempo, Bamboo Bay

The Bamboo Bay Community is three-tower condominium development of Contempo Property Holdings, Inc. (CPHI), a multi-billion-peso real estate development company with headquarters in Cebu City.

Bamboo Bay is Contempo’s flagship project located in Subangdaku, Mandaue City with a central core of resort amenities. It features innovations, green practices, and integration of green edible garden landscaping where the community is involved in growing its own food, and a total no-smoking policy so residents can have a haven of health and wellness.

Bamboo Bay Community Summer Festival
COLLECTION. Plants put on display by homeowner Debbie Degracia.

Each tower has units that come with garden spaces for homeowners to grow plants and herbs. Bamboo Bay broke ground for its third and last tower which will have 268 units last September 2015. It is scheduled for completion by the end of 2018.

Bamboo Bay Community Summer Festival
HEALTHY SMOOTHIE. Guests try out one of the smooties prepared as part of the eating well demonstration of Detox Bar founder Anne Dala.

 

Facebook Live of opening

Pag-Ibig recognizes Sunberry Homes with 3 awards

Dynamic and proactive mass housing developer Sunberry Homes, Inc. reaped three awards from the Home Development Mutual Fund (HDMF) or Pag-Ibig.

It received an Award of Recognition as the No. 9 Housing Developer in the Visayas in terms of Takeout Loan Value for the year 2017.

Sunberry Award
AWARDS CEREMONY. Shown during the awarding are (from left) Sunberry Homes President and CEO Beverly Dayanan, Pag-Ibig Fund CEO Acmad Rizaldy Moti and Jane Gocuan, Senior VP, Visayas Lending Group Head of DBP as partner bank.

Sunberry also received two special citations for the Highest Performing Loans Ratio and the award for the Highest Performing Accounts Ratio among top housing developers in the Visayas.

Pag-Ibig Fund CEO Acmad Rizaldy Moti handed the awards in ceremonies held on March 9, 2018 at the Cebu Grand Convention Center.

Sunberry Awards
3 AWARDS. Sunberry Homes Inc. President and CEO Beverly Dayanan (center) and the Sunberry Homes Team receive 3 awards from Pag-Ibig Fund, represented by Cebu HBC Loans Management and Recovery Department Manager Anthony Maglunsod.

Quality projects

The award is also Pag-Ibig Fund’s expression of thanks for the company’s invaluable trust and support in the government agency’s housing programs by delivering quality loans.

The recognition that Sunberry Homes received is very significant for the company as it reflects the trust of buyers in the quality of company projects and handling of accounts and the overwhelming support of HDMF, said President and CEO Beverly Dayanan.

Sunberry Award
LOOKING BRIGHT AND PROUD. The Sunberry documentation team led by Admin Manager Jojie Tajanlangit and Sunberry Homes President and CEO Beverly Dayanan with Fermin A. Sta. Teresa Jr., Pag-Ibig Fund OIC-Senior Vice President.

“Sunberry Homes will continue to shine with bright and sustainable projects for families as we remain committed to answer the growing demand for affordable living to serve the needs of our fellow Filipinos,” she added.

About Sunberry Homes

Established in 2015, Sunberry Homes, Inc. is envisioned to create vibrant communities and nurture the lives of individuals and Filipino families aspiring to live in affordable and sustainable homes. The company upholds the values of integrity and responsibility towards its partners and customers through service-oriented and solutions-driven employees. Sunberry Homes, Inc. is an affiliate of multi-awarded company, Contempo Property Holdings, Inc.

Photos of Sunberry Homes

Sunberry Homes

 

Sunberry Homes

 

Sunberry Homes

 

Sunberry Homes

 

Sunberry Homes