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
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
“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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
“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.
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.
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)
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.
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.
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.
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.
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.
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.
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.
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.
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.
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’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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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 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.
Megaworld, the country’s largest developer of integrated urban townships, grew its net income by 13.4% to P13.3-billion (including non-recurring gains of P113-million) in 2017 from P11.7-billion (including non-recurring gain of P82-million) the previous year.
Net income attributable to parent company ended at P12.8-billion by end-December 2017, a 12.7% jump from P11.3-billion during the same period last year. The healthy growth was underpinned by the strong performances of its key businesses in residential and hotel developments, office as well as commercial space leasing in malls and shopping centers.
Consolidated revenues including non-recurring gains grew 7.7% to P50.4-billion in 2017 from the previous year’s P46.8-billion.
Megaworld’s rental business, which covers both office and commercial space leasing grew the fastest among the segments. Rental income soared 18.2% to P11.8-billion in 2017 from last year’s P10-billion.
Comprising around 70% of its consolidated revenues, the company’s residential business was up 4.5% in 2017, growing to P34.6-billion from P33.1-billion the previous year.
“We are still way beyond our targets and we see this momentum to continue until we reach our P20-billion target in annual rental income by 2020, or even beyond that. There is still so much opportunities to tap in the property market and we are ready for that,” said Francis Canuto, senior vice president and treasurer, Megaworld.
Megaworld is allocating P60-billion in capital spending this year, with 80% covering development projects, mostly residential, office and commercial developments in various townships across the country. The remaining 20% will be set aside for land acquisition and other investment properties.
Integrated lifestyle community
“The Megaworld Group is now present in more than 30 cities around the country. We will continue to be aggressive in developing more townships and integrated lifestyle communities across the country, most especially in the provinces.”
Last year, Megaworld’s subsidiary Global-Estate Resorts, Inc. (GERI) introduced its second “integrated lifestyle community,” the 300-hectare Hamptons Caliraya, in Cavinti, Laguna, which is surrounded by the famous Lake Caliraya.
About the same time last year, Megaworld announced that it is developing a Makati-inspired Business District in General Trias Cavite, the 35-hectare Maple Grove Commercial District. In just over a month, it has sold around 80% of the 360 prime commercial lots worth P9-billion, the fastest take-up of titled commercial lots in the company’s history.
During the last 28 years, Megaworld has built over 660 residential developments, 54 office towers and 15 lifestyle malls in 23 masterplanned townships and integrated lifestyle communities across the Philippines. These also include: 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 (1,300 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); and Westside City in the Entertainment City in Paranaque City (31 hectares.) (Press Release)
A student-centered learning institution under the supervision of the De La Salle Brothers will open this June for school year 20018-2019 within the Mactan development of property giant Megaworld and has been officially named “Newtown School of Excellence.”
Megaworld Cebu Properties, Inc. president Noli D. Hernandez said the school will initially offer classes for the nursery and kindergarten levels.
The Newtown School of Excellence is a partnership between Megaworld and the Lasallian Schools Supervision Services Association, Inc. (LASSSAI).
It occupies around a hectare of space near the entrance of Mactan Newtown along the Mactan Circumferential Road. Megaworld has spent P240 million since it started building the school in 2014, according to Hernandez.
La Salle-supervised school
Brother Narciso Erguiza Jr., LASSSAI president, said a La Salle-supervised school is one that they don’t directly own but run for certain companies or groups under the same educational standards.
A De La Salle school operates with the learners as the central concept. Two other criteria they require for a school they run or supervise are that it must be a Catholic and there must be a good percentage of students from poor families, he added.
Erguiza cited they ensure that at least 20 percent of the student population are on full scholarships in all their schools. He added he would want to raise this to 30 percent in the Newtown School of Excellence.
“This school will primarily cater to the children of township homeowners, particularly those who live in our condominium developments. We will also cater to the children of the expat community and residents of Lapu-Lapu City and nearby towns and cities as well as the children of those working in nearby businesses and business process outsourcing companies,” said Hernandez.
The target is to add grade levels by school year until the Newtown School of Excellence will be running on full capacity up to Grade 12.
Erguiza said the school can accommodate around 1,000 students when it is fully operational.
The Newtown School of Excellence will have two main buildings when completed. The single-storey Kindergarten Building is composed of three classrooms, a library, playground, and multipurpose hall. On the other hand, the five-story Elementary Building will feature 21 classrooms, audio-visual rooms, computer rooms, music room, home economics room, prayer room, library and learning resource center, auditorium, covered court, physical education instruction room, science laboratories, clinic, and its own canteen.
According to Hernandez, the curricula in the different programs offered at the school will be technology-based and geared towards academic excellence and proficiency.
Three months after the opening of its second Information Technology (IT) building, Cebuano property developer Oakridge Realty Development Corp., held last March 2, the groundbreaking of the Oakridge IT Center 3 (OITC 3), located within the Oakridge Business Park.
Once completed, the OITC 3, which is the second phase of the company’s three-year development plan, will add another 14,000 square meters of leasable space to its current 24,000 sq m.
OITC 3’s ground floor area will cater to food and retail establishments, while the 5th to the
12th floors will have more office spaces.
Redefine Oakridge Business Park
Its design is differentiated by expansive common use areas, three-level podium parking, 24-hour generator set with 100% back up power, drop off points for PWD, and Telco cabinets per floor, among others.
Like its “twin-building,” the Oakridge IT Center 2, OITC 3 is envisioned to redefine the business and leisure landscape of Oakridge Business Park.
The OITC 3 is set for completion by the second quarter of 2019.
The next phase of the company’s developmental plan will include the construction of an atrium connecting both buildings that will showcase an entertainment facility and more dining options.
Small to medium cut spaces
Oakridge’s vision for both 12-story buildings is to continually support companies requiring small to medium cut spaces offering an array of spaces beginning from the smallest 47 square meters up to a full floor plate area of 1,700 sq m. All these options while keeping the rates competitive.
The building expansions are set to reinforce ORDC’s commitment to create a well-balanced work-play environment for its BPO and office clients, while preparing to bring in more retail brands, dining choices, and entertainment and wellness facilities.
Oakridge Business Park is a distinct business address located along A.S. Fortuna Street, Mandaue City.
It features landscaped open areas demonstrating how business and leisure can come together in a balanced space, while complementing its refreshing modern architecture.
The four-hectare Oakridge Business Park includes the Oakridge IT Centers 1, 2 and 3; office and commercial spaces at Block 88; and food and retail establishments at Oak Tree Drive 1 and 2 catering to the discerning clientele.
The park also caters to two large-scale event venues: the Oakridge Pavilion, a 1,200- square meter premier event location featuring ivory-hued draping, carpeting and glass-enclosed foyer; and the 400-seater Oakridge Horizons that features floor-to-ceiling glass windows offering a panoramic view of the city.
Oakridge Business Park is envisioned to be a sanctuary within the city with refreshing open spaces, diverse dining and lifestyle destinations, personalized opportunities for business and possibilities of every kind of celebration, making it Distinctly Oakridge. (Press Release)
Condo living has become popular in Cebu and SM Home helps unit owners make the most of the lifestyle through a series of talks by design experts this weekend at the Northwing Atrium of SM City Cebu.
Cebuano designers Maybelline Te, Hannah Lim, Janet Lo-Lee, and Kate Ngo will share tips on choosing colors and furniture or hiring design help as well as secrets to maximizing space and sprucing up a starter condominium during the SM Home Design Series: The Essentials of Condo Living from 11 a.m. to 5 p.m. this February 24 and 25.
One goal of this campaign is to show customers that everything they need for their homes is available at SM Home, said the brand’s assistant vice president for marketing Tom Castañeda.
SM Home Design Series
Since a lot of people who come into the store may be overwhelmed by all the available options especially because they don’t have design backgrounds, SM Home launched the Design Series last September in Makati and brings it to Cebu for the first time this weekend, he added.
The event’s theme highlights the growing popularity of condo living not just in Makati but also in Cebu.
“These days, it’s common to see condo sizes diminish in size. They’re getting tinier and tinier! And as developers offer less space, homeowners have to figure out how to best maximize their spaces, how they can avoid sacrificing some of their needs without feeling cooped up,” Castañeda said.
Condo living essentials
Castañeda said those who come to the SM Home Design Series: The Essentials of Condo Living at the Northwing Atrium either today or tomorrow, Sunday, can expect free talks from a powerhouse of Cebuano design talents, check out styled home vignettes that demonstrate great condo design, raffle prizes, and an additional 10 percent off on all items at the SM Home in both SM City Cebu and SM Seaside City braches from Feb. 22 to March 8, 2018.
“Since small condos demand creativity when it comes to optimizing space, SM Home has turned to design experts to help highlight ways people can do that in their own homes through a series of condo-like setups, as well as expert-led talks,” he said.
Beyond the weekend, SM Home also has a visual display person who is trained on interior design and offers free consultation to prospective customers.
Cebuano talents who designed the home vignettes now displayed at the Northwing are Te for the living room, Lim for the bedroom, Lo-Lee for the kitchen, and Ngo for the dining area.
Bedroom by Hannah Lim
A compact bedroom for a childless couple in their late thirties, interior designer Hannah Lim’s iteration of a husband and wife’s love for adventure are punches of refreshing pink and green, as well as rustic wood elements. Hannah Lim is the founder of HL Designs, a Cebu-based studio specializing in model units and common areas for real estate showrooms.
Dining Area by Kate Ngo
The furniture designer managed to apply depth to a limiting space. Instead of sticking to the basics, Kate injected drama to an otherwise fuss-free condo dining area by choosing a Scandinavian-inspired dining set which also complements the kitchen, amidst an overflow of leafy foliage and rose gold hang lights—an appetizing concoction of swanky and cozy.
Kitchen by Janet Lo-Lee
A minimalist maven, the head designer of Janet Lo Lee Design Studio lends her signature style to her interpretation of a Scandinavian chic condo kitchen. An encompassing warm and inviting theme, the area intelligently makes use of space with streamlined, functional fixtures.
Living Room by Maybelline Te
The layering of colors, textures and furniture is what makes Maybelline Te’s condo living room interpretation an exciting one. A designer and manufacturer of home furniture and accessories, Maybelline knows how to stir interest through the depth of decor elements—in this case, a blue tufted sofa bed atop a hot pink hairy rug, two differently-leveled coffee tables placed side by side, and the use of muted pinks and yellows that tempers a frivolous lounge area just right.
Property giant Megaworld is embarking on a company-wide program to future-proof its developments around the country through the creation of “iTownships.”
The company said its 28-year leadership in pioneering the Live-Work-Play concept of property development in the Philippines gave birth to “Townships.” It is elevating the standards by incorporating digital technology, design innovations, and connectivity into its townships.
“We have assigned teams to study how we can seamlessly integrate smart technology and innovations into our townships. In this fast-changing digital world, we see the importance of aligning our developments to quickly adapt to the disruptions, which we perceive as opportunities,” said Kevin L. Tan, Megaworld senior vice president.
Among the projects to be implemented under the program include the digitization of customer service and payment processes, integration of smart home technology in residential units, utilization of digital technology and energy-efficient materials in structural designs, creation of Township Operation Centers across all developments which maximizes 24/7 security and safety monitoring and emergency response in every township, urban art installations and creative pedestrian crosswalks, smart parking system including provision for electric vehicle charging in mall developments, among others.
Green and sustainable features will also be at the core of the program. Some of the initiatives that will be implemented include the conversion of old streetlights to LED and solar-powered lights, green roofing for office buildings, provision of vertical green spaces across developments.
Townships of the future
“iTownships will become our new brand in creating the townships of the future. It is about innovation, integration, internet and interconnectivity. Having these features in our townships does not only make our developments ‘future-ready’, but it also allows us to take greater steps towards sustainability and environmental responsibility,” said Tan.
During the last 28 years, the Megaworld Group built over 660 residential developments, 54 office towers and 15 lifestyle malls in 22 townships and integrated lifestyle communities across the Philippines. (Press Release)
Growth in real estate in the Philippines is in the “upscale” category but consumer demand is highest for “affordable” properties, an official of a real estate portal said.
This does not necessarily indicate a mismatch between supply and demand. Rather, it shows that Filipinos are “upscaling” and want to see “value for their money,” said OLX Operations Director and Head of Real Estate Ferdie Perez.
It also shows the important role played by real estate portals like Property24, Perez said. Property24, which is part of the OLX group, is a website that lists properties for sale or lease.
No mismatch; role of portals
“There is no mismatch. Affordability here means, rather than the absolute peso amount, rather than the absolute price, it is more or less the value for money,” Perez said. “And we see that not only in real estate. It’s also the trend that we see in FMCGx (fast-moving consumer goods, in F&B in hotels and restaurants. The trend now is Filipinos is upscaling. People want to feel the value of their hard-earned money.”
Officials of Property24 and OLX were in Cebu this week to introduce the real estate website to local journalists and bloggers.
The site already has 6,000 Cebu properties listed and they will be expanding aggressively in the province. Perez said this is the most number in terms of listings compared to other web verticals.
Cebu real estate sector
He said they want to expand in Cebu because “there are a lot of local developers here.”
Perez said their data shows that the real estate sector in Cebu is distinguished by 1) strong growth in BPO, tourism, and remittances; 2) increased demand for condos; and 3) popularity of townhouses and duplex units outside Metro Cebu.
The top considerations for Cebuano property buyers, according to Perez, are presence of nearby shops (74%); accessibility (44%); kids infrastructure (40%); safety (39%); and public services (36%).
The top cities in property searches are Cebu City at 47%; Mandaue City, 17%; Lapu-Lapu City, 12%; Talisay City, 7%; and Consolacion, 5%.
Unlike other portals, Property24 is meant for professional sellers such as brokers and agents, Perez said. The website verifies the identity of sellers before they are allowed to post. For brokers, they require Professional Regulation Commission or PRC IDs; for agents, they require proof of identity and the name of their brokers.
Perez said Property24 also performs regular audit and review of listings to make sure these are legitimate.
Property24 works on a subscription model and those who want to post pay a fee based on different packages. Perez said the fee is minimal compared to potential earnings by brokers and agents if they make a sale on the platform.
Monthly traffic, sales leads
He said the combined monthly traffic of OLX and Property 24 is 2 million people. The combined platforms generate 300,000 leads every month. These are inquiries via email, SMS, and chat, said Perez.
“When combined, both platforms give sellers a rise in web traffic and increase in potential buyers, delivering better value for subscription fees. Buyers are equally rewarded with more property options, higher seller engagement, and more pages viewed,” the company said in a press statement.
Perez said Property24 also offers the “win-win exchanges” pioneered by OLX.
He said 75 percent of real estate professionals already use online tools to sell property and supporting this with face-to-face and on-site selling. He said online tools lead to faster turn-around and more sales. Offline, agents sell 2 to 3 units a month. Online, they are able to sell an average of 7 to 8 units.
Property sellers, buyers win
Perez said Filipino users are already starting to be comfortable with buying items online. Almost half are already looking for properties online, he said.
With the Property24 platform, “buyers win because they are able to find the perfect property they are looking for their families. Sellers win because they sell more, and they sell faster. Ultimately the country wins because the economy grows faster, real estate grows faster,” Perez said.
Green and smart. That is how Cebu´s residential developer Paramount Property Ventures, Inc. envisions its up and coming residential community Wellington Greens in the hills of Compostela, Cebu.
The property is nestled in a quiet neighborhood of the town, amid towering trees and lush greens.
“Imagine having a home in such beautiful place. You’re not too far from the busy city yet you come home to a peaceful abode. In this new project, we say that you can breathe and live green,” Arli Arenas-Vergara, PPVI Vice President for International Operations, said during the media launch of Wellington Greens last October 17, 2017.
Zen-inspired ‘smart’ homes
Wellington Greens, which spans about 10-12 hectares, will feature six Zen-inspired house models and amenities that are designed to encourage outdoor bonding activities for families.
A landscaped gateway with guardhouse will lead to an activity pavilion, swimming pool with sun deck, dual play court, playground for kids, jogging trail and meditation garden.
PPVI Senior Vice President Emmanuel Victor Estrella said the community is also designed to be an intelligent one: the units will be built as smart homes with a modern security system and provision for the use of solar panels to answer daytime electric consumption.
“We have an automatic entrance gate also equipped with security cameras and there’s wifi connection in the amenities area,” said Estrella. Wellington Greens is the newest project of PPVI in the northern part of Cebu and the first out of a partnership between its mother corporation Cañedo Equity Ventures Inc. (CEV) and the Norkis Group of Companies.
Middle class target
Positioned for the mid-market bracket, Wellington Greens homes cost from P2.1 – P6 million but with more units priced in the P3 million range.
“Our target is the growing middle class in Cebu. We continue to expand in this market for the next five to 10 years,” said Rey Maribao, CEV Vice President for Strategic Corporate Planning and Business Development.
He added that the CEV-Norkis partnership “is in line with the strategy to provide solutions for the housing backlog catering to the rising middle class from OFW (Overseas Filipino Workers) remittances and BPO workers.”
Green living is not a new concept for PPVI, but it takes the advocacy to a new level with Wellington Greens.
“People these days are getting busy with work. They travel and go somewhere else to relax. But when they return from vacation, reality strikes — you go back to work and earn the stress again. And so we thought of a community where homeowners can enjoy a nature escape everyday. This is the concept of The Wellington Greens. It can be your weekend home. A Sunday home where you can relax but what if everyday is a Sunday? That’s how we envisioned this project,” Arenas-Vergara said.
Estrella added that Compostela Mayor Joel Quiño also embraces the concept of Wellington Greens.