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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….

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

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Megaworld’s 2017 net income jumps 13.4%, sets P60B capex this year

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…

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.

Rental business

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.

Megaworld developments

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)

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Megaworld set to open La Salle-supervised school in Mactan Newtown

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…

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).

Newtown School of Excellence

Megaworld Cebu Properties, Inc. president Noli D. Hernandez (left) and Brother Narciso Erguiza Jr. shortly after the announcement of the opening of Newtown School of Excellence in the property giant’s township in Lapu-Lapu City.

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.

Newtown School of Excellence

Newtown School of Excellence. The school will initially offer classes for the nursery and kindergarten levels.

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.

Newtown School of Excellence

PRESS CONFERENCE. Harold Geronimo (right), Megaworld Senior Assistant Vice President and Head for Public Relations and Media Affairs, answers a question during the press conference to announce the opening of Newtown School of Excellence. 

Technology-based learning

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.

Newtown School of Excellence

The Newtown School of Excellence, as with any De La Salle school, operates with the learners as the central concept.

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.

The Newtown School of Excellence will have two main buildings when completed. Megaworld has spent P240 million since it started building the school in 2014.

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Oakridge breaks ground for third IT building

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…

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.

Oakridge IT Center 3

Oakridge IT Center 3. Once completed, the building will add another 14,000 square meters of leasable space to its current 24,000 sq m.

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.

Oakridge IT Center 3 groundbreaking

GROUNDBREAKING. Oakridge Realty Development Corp. CEO Edmun Liu (center) leads the groundbreaking ceremony of the Oakridge IT Center 3 building. With him are (from left) Atty. Karen Climaco, ORDC Finance and Legal Director; Mary Lood, ORDC Human Resources Director; Ericson Ong, Mandaue ECO Glass Inc. Owner; Arturo Robles, Quest Air Tech. President; Mike Torres, ArchiGlobal Inc. President; Anne Liu, ORDC Creative Director; Maria Teresa Esquivel, ASEC President; Corazon Ballard, RLB President; Nilo Arribas, ORDC Operations Director; and Estee Plunket, ORDC Sales and Marketing Director.

Distinctly Oakridge

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)

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SM Home out to beautify condos in weekend event in Cebu

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…

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.

SM Home Design Series

DESIGN IDEAS. SM Home assistant vice president for marketing Tom Castañeda at the Northwing Atrium where home vignettes have been set up to showcase condo interior design ideas.

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.

SM Home Design Series: The Essentials of Condo Living

BEDROOM AND LIVING ROOM. The bedroom was designed by Hannah Lim, the living room by Maybelline Te.

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.

SM Home Design Series: The Essentials of Condo Living

KITCHEN, DINING. The kitchen was designed by Janet Lo, the dining by Kate Ngo.

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.

More photos

Bedroom by Hannah Lim

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

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

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

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.

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Megaworld elevates township standards with tech, design, connectivity

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…

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.

Megaworld AG Tower

Megaworld’s AG Tower.

iTownships projects

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)

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Property24, real estate portal of OLX group, launches in Cebu

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…

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.

Property24 Cebu

PROPERTY24. OLX Operations Director and Head of Real Estate Ferdie Perez introduces Property24 in a press conference in Cebu City. The property portal is part of the OLX group.

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.

OLX, Property24 Cebu

COMBINED PLATFORM. The combined OLX and Property24 platforms generate 300,000 in sales leads monthly, an official said. In the photo are (from left) Mix Martinez, Category Manager for Real Estate; Hazel Juson, Cebu Head of Sales Real Estate, OLX Philippines; Ferdie Perez, Head of Real Estate, OLX Philippines; Charisse Vilchez, PR Lead, OLX Philippines; and Timmy Deal Agua, Brand Marketing Officer, OLX Philippines.

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.

Property24 Cebu.

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Paramount highlights green living, smart homes in Wellington Greens residential project

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…

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.

Wellington Greens

WELLINGTON GREENS. PPVI Senior Vice President Emmanuel Victor Estrella says 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.

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.”

Wellington Greens

LUSH GREENS. Arli Arenas-Vergara, PPVI Vice President for International Operations, said that with Wellington Greens, “you’re not too far from the busy city yet you come home to a peaceful abode.”

Green living

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.

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Real estate firm CEV ties up with Norkis for property projects

Two strong homegrown companies forged ties recently to undertake real estate developments in Cebu. The Cañedo Equity Ventures, Inc. (CEV) and the Norkis Group of Companies officially sealed their partnership…

Two strong homegrown companies forged ties recently to undertake real estate developments in Cebu.

The Cañedo Equity Ventures, Inc. (CEV) and the Norkis Group of Companies officially sealed their partnership only last August, and two big projects are already in the works.

These include a 10-hectare residential community targeted at the middle market bracket and a six-hectare memorial park in the northern town of Compostela, company executives said in a recent press conference.

CEV, Norkis partnership

CEV chair Filomena Cañedo and Norkis chair Dr. Norberto Quisumbing, the two pillars of the conglomerates, affixed their signatures to the partnership during a separate and much earlier signing ceremony held at the Cebu City Sports Club.

The collaboration is in line with CEV´s mission to address the housing backlog, catering in particular to the rising middle class made up of overseas Filipino workers (OFWs) and BPO employees and their families.

“Compostela used to be a small and quiet town. Then the Cañedos came with all their ideas and development projects,” Quisumbing was quoted as saying in a press statement released by CEV. He also reportedly expressed high confidence in the venture.

Cañedo Equity Ventures, Inc. Norkis Group

PARTNERSHIP. Cañedo Equity Ventures, Inc. chair Filomena Cañedo and Norkis Group of Companies chair Dr. Norberto Quisumbing seal the partnership between the two companies in the presence of company officials.

Compostela property developments

Land development for the residential community in Compostela will take around two years, said Rey Maribao, CEV VP Strategic Corporate Planning and Business Development, during a talk with journalists.

The project is first in line for the Philippine Paramount Property Ventures, Inc. (PPPVI) and Norkis partnership. It is scheduled to be launched by the last quarter of 2017.

Norkis, a motorcycle manufacturer and distributor with land properties throughout the country, will benefit from horizontal, vertical, and mixed use development projects through CEV´s real estate arm PPPVI.

Compostela is the best place for PPPVI to expand, according to Maribao, citing indicators showing that the third-class municipality is working to become a high growth area in Metro Cebu and a booming population growing at a yearly average of 2.27 percent.

More progressive town

Norkis will likewise partner with CEV’s memorial parks development company, Celestial Meadows and Developers Corporation.

Quisumbing said people will very soon see a progressive Compostela. Cañedo, for her part, thanked Norkis for partnering with CEV.

“We are very honored to partner with the reliable Norkis Group. We are one with you in transforming Compostela into a better community. We look forward to working with you in developing Compostela and other parts of Cebu,” she said in the same press statement.

CEV is a conglomerate in Minglanilla that oversees eight companies performing highly in the fields of real estate, parks and memorial, construction, food, training, and education.

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Grand Land Inc. sees potential in serviced apartments

Cebu developer Grand Land Inc. topped off Grand Residences Cebu North Tower A last Thursday, August 17. Following this milestone, Grand Land’s VP for Sales and Marketing Tina Pestaño revealed…

Cebu developer Grand Land Inc. topped off Grand Residences Cebu North Tower A last Thursday, August 17.

Following this milestone, Grand Land’s VP for Sales and Marketing Tina Pestaño revealed that the North Tower B will be offering serviced apartments.

“There will be serviced apartments to be operated by Dusit D2. That’s 163 units in North Tower B for the serviced apartments. It’s a fully furnished unit and equipped with kitchen, dining, laundry service,” said Pestaño.

More units for North towers

Grand Residences Cebu is a five-tower project in Banilad, Kasambagan, Cebu City. Unit owners are starting to occupy the first two (East) towers. The new towers will have more floors than the East towers.

The North towers are up to the 35th floor. There will be about 700 units per tower for the North towers. Target completion for North Tower A is first quarter of 2018. In North Tower B, the 24th to 34th floors or a total of 10 floors are set aside for the serviced apartments.

Like the East towers, the North towers offer studio units and one-bedroom units. The prices in the new towers start at P3 million for the regular units while those intended for serviced apartments are priced higher.

Grand Residences Cebu

TOPPED OFF. The North Tower A of Grand Residences Cebu that was topped off at 35th floor last Thursday.

Good investment

Pestaño described the serviced apartments as a premium type of condo ownership.

“Serviced apartment is meant for investment,” she said. “(Unit owners) in our service apartment program can get 8 to 11% potential ROI per annum.”

Pestaño added: “It (serviced apartments) will be managed by an international hospitality group and marketed worldwide.”

Grand Land Inc. partnered with Dusit D2 to manage the serviced apartment units. Dusit D2 is the contemporary hotel brand of Dusit International.

The units for serviced apartment are double the normal size of a studio unit, hence higher in price. Rate starts at P8 million.

Pestaño said the service apartments will have a separate lobby and a separate elevator.

Grand Land Inc.

PRESS CON. Officials of Grand Land Inc. face Cebu media in a press conference held during the topping off of Grand Residences Cebu. From L-R: Sales Director Divine Cavan, VP for Sales and Marketing Tina Pestaño, and Chief Finance Officer Larry Tan.

Guests at Grand Residences’ serviced apartments could expect a personalized experience, spacious living, and value for money that’s comparable to living in a home. It’s like living in an apartment that has a 24/7 concierge.

Pestaño said that serviced apartment is more long term than condotel. “Minimum stay for serviced apartment is one week. You could book a stay for a month, six months or a year. With condotel, the stay is per night.”

Hotel occupancy growth

With Cebu being positioned as an international destination, Pestaño said they see growth in hotel occupancy.

“The expansion of the airport (Mactan-Cebu International Airport) signifies Cebu is positioned as an international destination. There will be about 12.5 million influx of tourists and Cebu lacks hotel rooms,” said Pestaño.

The serviced apartments of Grand Residences will then be able to cater to guests staying in Cebu for a longer term. It is targeted to open by 2022.

Grand Residences Cebu sits on a 3.2 hectare property. Of this, 1 hectare will be converted to a commercial complex. “Our concept is live, work, and play,” said Pestaño.

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Filipino Homes opens new office in Mandaue City

Real estate portal Filipino Homes tied up with Skyscraper Realty to put up its eighth in Cebu and 22nd office nationwide at JCentre Mall in Mandaue City. Anthony Leuterio, president…

Real estate portal Filipino Homes tied up with Skyscraper Realty to put up its eighth in Cebu and 22nd office nationwide at JCentre Mall in Mandaue City.

Anthony Leuterio, president and CEO of multi-awarded Leuterio Realty and Brokerage, said Filipino Homes is a one-stop-shop for real estate buyers and sellers.

Although it already provides an extensive online network, Filipino Homes complements this with actual offices where prospective clients can visit and get advice from real estate agents, look at listings, or report problems.

Filipino Homes Mandaue

MANDAUE OFFICE. Skyscraper president and CEO Gaylord Tingzon (left) and Leuterio Realty and Brokerage president and CEO Anthony Leuterio during the opening the Filipino Homes office at JCentre Mall in Mandaue City.

Property portal

“Our goal is to create the biggest property portal, through our website and also in specific places where they can meet with agents and get good advice,” he added.

Skyscraper Realty decided to open a Filipino Homes in Mandaue because it is next to Cebu City in terms of economic development.

“There’s really a lot of activities happening in Mandaue City,” said Skyscraper president and CEO Gaylord Tingzon, citing the 20-hectare joint venture Mandani Bay project by Hongkong Land and Taft Properties and the Gatewalk Central partnership between AboitizLand and Ayala Land.

Leuterio-Skyscraper partnership

The partnership with Filipino Homes allows Skyscraper Realty access to a full listing of properties nationwide.

“The good thing about Filipino Homes is that we can sell properties nationwide because of our more than 20 branches throughout the country. We have more than 50,000 agents helping each other close a sale and assist clients. Even if you’re in Cebu and you have clients in Davao, someone from Filipino Homes Davao will assist them,” he added.

Real estate brokers accredited by Leuterio with 30 to 50 sales agents under them can use the Filipino Homes trademark when they open an office.

Leuterio said he calls them franchise partners and they can use the Filipino Homes logo and network.

Filipino Homes Mandaue

PHYSICAL OFFICE. Although it already provides an extensive online network, Filipino Homes complements this with actual offices where prospective clients can visit and get advice from real estate agents, look at listings, or report problems.

Filipino Homes Mandaue

Filipino Homes Mandaue is also looking for more real estate sales agents.

Tingzon said they already have more than 50 sellers, 20 of which are active, but the plan is to increase the number to 100 sales agents.

He added that they want to build a big team because there are a lot of projects in Mandaue, citing JCentre Mall’s 40-storey tower project, mix-use project of Cebu Landmasters near Oakridge Business Park, walk-up condo in AS Fortuna St. by Primary Homes, and the bestselling Midpoint Residences towers.

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Primary Homes introduces Royal Palms Tres in Panglao, Bohol

Noting the high demand for quality homes in Bohol, premier property developer Primary Homes, Inc. (PHI) rolled out its newest housing development Royal Palms Tres in Dauis, Panglao last April…

Noting the high demand for quality homes in Bohol, premier property developer Primary Homes, Inc. (PHI) rolled out its newest housing development Royal Palms Tres in Dauis, Panglao last April 27.

Ramero Espina, PHI vice president for sales and marketing, said the response to Royal Palms Uno and Royal Palms Dos was very good, adding that housing units in both developments were already sold out.

Royal Palms Tres Bohol

UNVEILING IN BOHOL. Primary Homes officials led by President Stephen Charles Liu unveil the model units of Royal Palms Tres in Pangalo, Bohol. Primary Homes officials led by President Stephen Charles Liu unveil the model units of Royal Palms Tres in Pangalo, Bohol.

Located in Barangay San Isidro, PPI’s newest residential project is just 15 minutes away from the city center of Tagbilaran. Since it is right on the island of Panglao, it has easy access to world-class beaches, malls, churches, hospitals, and the new airport that is set to open soon.

Espina is confident Royal Palms Tres will do well in sales. For this project, PPI targets growing families, business start-up owners, and even investors.

Primary Homes Royal Palms Tres Bohol

ROYAL PALMS TRES. Bohol Governor Edgar Chatto (2nd from left) talks to Primary Homes President Stephen Charles Liu after checking out one of the model units in Royal Palms Tres in Panglao Island.

Mediterranean architecture

During the launch, PPI executives unveiled the available house models in the development.

These are Mediterranean-inspired homes with Spanish-style tiled canopies. Floor areas range from the 45-square meter Hidalgo Royale to the six-bedroom Hermoso Grande that spans 194 square meters. Potential buyers may already check out the model units at the Royal Palms Tres site.

Royal Palms Tres Bohol

PALACIOS GRANDE. A model unit in Royal Palms Tres in Panglao, Bohol.

The Royal Palms Tres received the Highly Commended Best Housing Development in the Philippines award from the Philippine Property Awards (PPA) in 2016.

At 5.3 hectares, the Royal Palms Tres combines the land area of Uno and Dos. It will be made up of around 200 units.

Resort-inspired amenities

The residential project will have resort-inspired amenities, including a clubhouse, swimming pool, fitness gym, and a mini-playground.

Primary Homes said in a statement that Royal Palms Tres is the epitome of world-class resort living at an affordable price. With the development’s perimeter fences and elegant entrance that is secured 24 hours daily, the security of homeowners is assured.

Primary Homes Bohol

BOHOL SALES OFFICE. (From left) Primary Group of Builders Chairman William Christopher Liu, Jr., Primary Homes Inc. (PHI) VP Sales and Marketing Ramero Espina, PHI President Stephen Charles Liu, Board Director and HRD President Paulette Liu, and Board Director Lillian Liu lead the opening of the PHI sales office on the 2nd floor of Island City Mall in Tagbilaran City.

It added that the development is, no doubt, one of the country’s ideal living destinations and best investment opportunities for real estate.

Espina said they also plan to launch Richwood Homes, still in Panglao, within this year. It is intended for Bohol workers and will be sold at affordable prices. The 4-hectare development will feature 300 to 400 homes.

 

Royal Palms Tres launching

 

Primary Homes contact details

Interested in a site visit? Call PHI at (032) 254-7188 or 266-0843. You may also visit its website at www.primaryhomes.com or follow PHI on Facebook at Primary Homes Inc.

PHI has also opened its new sales office at the second floor of Island City Mall in Tagbilaran City.

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AboitizLand unveils Foressa Mountain Town project in Balamban

The so-called “urban jungle” life that Cebuanos are experiencing today gave birth to the concept of Foressa, the first mountain town project of AboitizLand in Cansomoroy, Balamban, Cebu. “The mother’s…

The so-called “urban jungle” life that Cebuanos are experiencing today gave birth to the concept of Foressa, the first mountain town project of AboitizLand in Cansomoroy, Balamban, Cebu.

“The mother’s womb is our first home. We grow up and discovered the outdoors. Then everything suddenly became tighter and most of us are trapped in cubicles, stuck in traffic. We all yearn to escape. And so why settle for a five-star living when you can have five million stars living? This project is beyond words,” said John Amon, VP for Innovations Group of AboitizLand, when he shared the Foressa story during its launch in Marco Polo Plaza Cebu on April 27.

Foressa Launch

FORESSA LAUNCH. AboitizLand VP for Innovations Group John Amon presents the Foressa story during its launch at Marco Polo Plaza last April 27, 2017.

Foressa Mountain Town is a 300-hectare community. Its development will come in four phases, with the first phase set to start in the last quarter of this year. There will be an initial 114 lots available for buyers with lot cuts ranging from 300 square meters to a maximum of 690 square meters and turnover target is 2020.

Second home

AboitizLand CEO Andoni Aboitiz said Foressa was designed as a second home or vacation residence where families can create lasting memories together.

He added they do not want to compete with the beach concept and instead felt that the Cebuanos are ready for the mountain concept.

Asked for some indicators that Cebuanos are ready to get a second home, Aboitiz cited the demand for condominiums that has been going strong for many years.

“A lot of people, we believe, have already fulfilled their primary residence. Cebu’s economy is also very strong especially with the new airport. There are a lot of beachfront and we felt the people need something else,” he said.

Foressa aims to bring the great outdoors closer to family homes. The community will offer activities like hiking, biking, spelunking, camping, and trail riding, among others.

AboitizLand Foressa Mountain Town.

TRANSFORMED. The Grand Balcony of Marco Polo Plaza was turned into great outdoors during the launch of AboitizLand’s Foressa Mountain Town.

Biggest project

Cebu’s homegrown real estate developer AboitizLand is geared towards national expansion with its first resort residential community in Luzon, the Seafront Residences located in San Juan, Batangas that ws launched also this year.

Aboitiz, however, said they will never forget Cebu. Foressa is the biggest project of AboitizLand to date.

“This (Foressa) is a multi-year project,” he said. Aside from building houses, Foressa will have commercial spaces, too.

Low-impact development

Foressa is a low-impact development. “We will follow natural contours. All will be natural, organic and nothing artificial. Even the house designs are colonial hilltop houses,” said Amon.

This was echoed by Aboitiz as he described Foressa as the first of its kind in Cebu for it ensures the property’s natural assets are preserved and left for future generations to enjoy.

Foressa Mountain Town Launch

LAUNCHING. (From left) AboitizLand’s VP for Innovations Group John Amon, CEO Andoni Aboitiz, and President and COO Patrick Reyes. The photo was taken during the launch of Foressa Mountain Town in Marco Polo Plaza last April 27, 2017.

Nature itself is the amenity in Foressa. “Imagine enjoying the grass, sky, a lot of open spaces for camping,” Amon said.

He ended his Foressa story during the launch with these beautiful words. “In Foressa, we say…Lose your worries to the stars, find yourself in Foressa. Lose your boredom to the trails, find yourself in Foressa. Lose your fears to the woods, find yourself in Foressa. Get lost in your own backyard, find yourself in Foressa.”

At Thursday’s launch, some Cebuanos made reservations and heeded the invitation to find themselves in Foressa.

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24-storey Latitude Corporate Center to rise at Cebu Business Park

Cebu Landmasters will add to Cebu’s office space with the construction of the Latitude Corporate Center that’s scheduled for completion in 2019 at the Cebu Business Park. Launched recently in…

Cebu Landmasters will add to Cebu’s office space with the construction of the Latitude Corporate Center that’s scheduled for completion in 2019 at the Cebu Business Park.

Launched recently in partnership with the Borromeo Bros. Estates, the 24-storey tower will provide total gross area of 35,000 square meters for three types of offices: executive, enterprise, and business process outsourcing (BPO).

Latitude, which will rise across Ayala Center Cebu on the Mindanao Avenue side, is poised to become the highest office building within Cebu Business Park. It was launched on November 21, 2016 in an exclusive event attended by businessmen, top brokers, and prospective investors.

Latitude Corporate Center launch

LAUNCHING. (From left) Cebu Landmasters COO Franco Soberano and CEO Jose Soberano III and Borromeo Bros. Estate, Inc. officials Bernadette Gallego and Jonel Borromeo talk about the Latitude Corporate Center during a press conference to announce the project. (Photo by USJ-R Intern Cybelle Kyrie Dela Rosa)

Green building

Franco Soberano, Cebu Landmasters Inc. chief operations officer, said the building will have a “green heart” and incorporate such eco-friendly features as stub-outs for fresh air provision, rainwater collection system, LED lighting, materials recovery facility, 60 percent glass ratio for natural lighting, and 20 percent of green space.

A short briefer on the project said it will have a big tree sanctuary in the grand entrance plaza located at the ground floor level, a sky lounge at the 14th floor, and a garden deck at 17th floor.

It’s green design is registered with the Building for Eco-friendly Responsive Design Excellence or BERDE system, which is a Philippine revision of LEED or Leadership in Energy & Environmental Design.

LATITUDE CORPORATE CENTER. Cebu Landmasters and Borromeo Bros. Estate, Inc. officials during the launch of the Latitude Corporate Center. (Photo by USJ-R Intern Cybelle Kyrie Dela Rosa)

LATITUDE CORPORATE CENTER. Cebu Landmasters and Borromeo Bros. Estate, Inc. officials during the launch of the Latitude Corporate Center. (Photo by USJ-R Intern Cybelle Kyrie Dela Rosa)

Office types

The Latitude Corporate Center will offer office spaces for BPO (large), Enterprise (medium), and Executive, with unit areas ranging from 51 to 2,000 square meters.

It draws inspiration from another Cebu Landmasters project, Park Centrale at Cebu IT Park, which is pioneering winner of the Best Commercial Development (Cebu) in the Philippine Property Awards 2014 that later garnered the Highly Commended Best Commercial Development Philippines at the Southeast Asia Property Awards held in Singapore.

Latitude Corporate Center

HIGHEST. Latitude, which will rise across Ayala Center Cebu on the Mindanao Avenue side, is poised to become the highest office building within Cebu Business Park. (Photo by USJ-R Intern Cybelle Kyrie Dela Rosa)

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AppleOne launches Sheraton-branded residential project The Residences in Mactan

Luxury hotel chain Sheraton brings to Cebu its first branded residential development in Southeast Asia called The Residences in partnership with the Cebuano company AppleOne Mactan, Inc. The two companies…

Luxury hotel chain Sheraton brings to Cebu its first branded residential development in Southeast Asia called The Residences in partnership with the Cebuano company AppleOne Mactan, Inc.

The two companies launched The Residences, a 22-storey tower that will rise within the site of the Sheraton Cebu Mactan Resort by 2020, last Friday, October 7, 2016.

Alexandra Yao, Starwood Hotels and Resorts head for branded residential development in Asia Pacific, said The Residences will have 190 residential units, 154 of which will be one- to three- bedroom apartments while 36 will be courtyard pool residences.

The Residences in Sheraton Cebu Mactan Resort

COURTYARD. The Residences in Sheraton Cebu Mactan Resort will have this scenic courtyard. The project is a first branded residential development in Southeast Asia by luxury hotel chain Sheraton.

She added that The Residences is scheduled for completion and turnover to unit owners by 2020 or around a year after the Sheraton Cebu resort is set to be finished.

Sheraton, Starwood’s biggest brand, has 13 branded residences, seven of which are in Asia Pacific. The Residences in Punta Engaño in Lapu-Lapu City in the island of Mactan will be the first in Southeast Asia, according to Yao.

Sheraton Cebu Mactan Resort The Residences

PREVIEW. Cyndy Tan Jarabata, president of Tajara Leisure and Hospitality Group – AppleOne Mactan’s exclusive marketing partner, discusses amenities and features of The Residences during a media preview.

The Residences facilities

Ray Go Manigsaca, AppleOne Properties, Inc. president, said in a statement that there is no better time for this project than now, with people looking for homes that offer a luxurious resort lifestyle where they can enjoy “staycations” all year round.

Yao said The Residences residents will have access to a host of exclusive hotel facilities and enjoy such basic services as security, concierge, doorman but can also pick from a host of paid services, including valet, housekeeping, and laundry.

Sheraton Cebu Mactan Resort The Residences

STAYCATIONS. This photo shows the bedroom of the 2-bedroom unit of The Residences. Ray Go Manigsaca, AppleOne Properties, Inc. president, said people are looking for homes that offer a luxurious resort lifestyle where they can enjoy “staycations” all year round.

At the same time, they will also be able to take advantage of Sheraton Cebu Mactan Resort facilities, including spa, gym, swimming pool, dining establishments, and lobby lounge.

A short briefer on the project stated that the 22-storey main tower of The Residences will feature a spacious, open-air lobby and only have a maximum of six units per wing. All units will either have unobstructed vistas of the ocean or the courtyard lagoon pools through large panoramic windows. Courtyard residences will come with a private swimming pool.

The Residences Sheraton Cebu Mactan Resort

ONE-BEDROOM UNIT. This photo shows the 1-bedroom unit of The Residences that will rise inside the Sheraton Cebu Mactan Resort.

Sheraton Cebu Mactan Resort living

The differentiating factor for The Residences units will be the show kitchen, said Cyndy Tan Jarabata, president of Tajara Leisure and Hospitality Group – AppleOne Mactan’s exclusive marketing partner, during a tour of some model units.

She said residential condo units are furnished and come with a sleek and modern kitchen with paneled refrigerator and freezer, range and oven, and other basic appliances.

The Residences Sheraton Cebu Mactan Resort

LAUNCH. Johnny Litton emcees the launch of The Residences in Cebu.

She showed a sample of the walk-in closet in the one-bedroom apartment and frosted glass bathroom in the master’s bedroom of the two-bedroom unit.

The one bedroom unit, which measures 68 square meters, costs around P10-12 million while the two-bedroom, with floor areas starting from 148 square meters, is priced upward of P20 million.

Sheraton Cebu Mactan Resort The Residences

STARWOOD. Alexandra Yao, Starwood Hotels and Resorts head for branded residential development in Asia Pacific, discusses the development during the media preview.

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Megaworld makes RFO units available at Mactan Newtown

To cater to a growing segment of buyers, property giant Megaworld rolled out its ready-for-occupancy (RFO) inventory at 8 Newtown Boulevard in The Mactan Newtown in Lapu-Lapu City. Megaworld saw…

To cater to a growing segment of buyers, property giant Megaworld rolled out its ready-for-occupancy (RFO) inventory at 8 Newtown Boulevard in The Mactan Newtown in Lapu-Lapu City.

Megaworld saw the RFO business as one direction in the property development industry and, in response, created a group to cater to a percentage of clients that prefer ready units, said Megaworld head of public relations and communications Harold Geronimo.

Prime RFO is the first ever group created by a property developer to cater to a buying segment that comes with comprehensive after-sales services, he added. Buyers under this category get free interior design and leasing and resale services, said Donna V. Racho, Prime RFO vice president for sales and marketing.

RFO business rollout

Geronimo and Racho were in Cebu last week to announce the rollout of RFO units at the four 18-storey residential towers of 8 Newtown Boulevard in Megaworld’s township project Mactan Newtown.

According to Racho, there will be a total of 35 to 40 selected studio and one-bedroom ready units made available under the RFO scheme in the Cebu development.

Megaworld RFO units

AFTER-SALES SERVICE. Prime RFO vice president for sales and marketing Donna V. Racho and head of public relations and communications Harold Geronimo discuss the ready-for-occupancy options in 8 Newtown Boulevard in The Mactan Newtown in Lapu-Lapu City and its other properties. Prime RFO is the first ever group created by a property developer to cater to a buying segment that comes with comprehensive after-sales services, Geronimo said.

She added that buyers need only to pay 10 percent of the property cost and comply with some documentary requirements so they can take possession of the unit.

A unit already comes with the basic necessities like a bed, sofa, dining table, and some appliances so it is already livable. Guests, though, can make use of the free interior design services to achieve a certain look or feel for their condo units.

Leasing, resale services

Geronimo said that since the island of Mactan is a resort area, there is a high potential for units to be leased out especially during peak travel months or the holding of big events.

Buyers who acquire a unit for this purpose can avail of the leasing and resale services offered by Megaworld’s Prime RFO. Racho added that they can find clients for those who wish to lease out and buyers who want to sell their property down the line.

Megaworld’s after-sales team “reinforces Megaworld’s vision to provide unparalleled services to its clients.”

“Megaworld’s Prime RFO wants to create a long-lasting after-sales services to our most valued clients in Cebu. We want them to remember Megaworld. And the next time they want to invest in a property, Megaworld will be at the top of their minds,” explained Racho.

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Tambuli Seaside Living completes two condo towers, starts third one

With two towers of the residential resort community Tambuli Seaside Living almost completed, property developer Tytans Properties Development, Inc. is on its way to building the third condominium building in…

With two towers of the residential resort community Tambuli Seaside Living almost completed, property developer Tytans Properties Development, Inc. is on its way to building the third condominium building in the 11-hectare property.

Tytans Properties president Gerard Tan and chairman Montano Ty led the recent topping off of Towers A and B and groundbreaking for Tower C of the multi-billion project.

Tan said they plan to turn over units in Towers A and B to homeowners by batch, starting in the next few months and fully handing over the total 256 units by the second quarter of 2017.

The company will be constructing 11 towers in two phases, amenities that will include a huge 7,000-square meter clubhouse and a winding lagoon pool spanning 2,000 square meters, as well as a commercial strip by the seaside that will host restaurants and some shops, added Ty.

Tower C Tambuli Seaside Living

Tytans Properties president Gerard Tan leads the groundbreaking of Tower C of Tambuli Seaside Living.

Condotel program

According to Tan, Tytans Properties decided to introduce the condotel concept for Tambuli Seaside Living after a survey of homeowners showed that 80 percent were interested in leasing out their units.

Majority or about 75 to 80 percent of unit buyers are locals but they are mostly Filipinos working in Hong Kong, Singapore, Japan and other countries.

Many of those interested in the condotel program are those who are not in the country and bought units mainly for investment purposes, added Tan. The concept makes sense in Mactan where the occupancy rate is very high all year round.

He said Phase 1 of Tambuli Seaside Living involves six towers and a total of 1,200 units and the target is to have 70 percent or more allocated for long-term leasing. All units in Towers A and B are sold out while 93 percent in Tower C, 88 percent in Tower D, and 70 percent in Tower F have been sold off.

BREAKING GROUND. (From left) Engr. Panfilo Martin, Jr., senior project director; Hazel Tan, director, Tytans Properties & Dev., Inc; Gerard Tan, president, Tytans Properties & Dev., Inc; Montano Ty, chairman, Tytans Properties & Dev., Inc; Grace Ty, director, Tytans Properties & Dev., Inc.; Engr. Ramonsito Uy, GM, Vineyard Construction; and Arch. Oliver Po, Tytans Senior Procurement Director.

BREAKING GROUND. (From left) Engr. Panfilo Martin, Jr., senior project director; Hazel Tan, director, Tytans Properties & Dev., Inc; Gerard Tan, president, Tytans Properties & Dev., Inc; Montano Ty, chairman, Tytans Properties & Dev., Inc; Grace Ty, director, Tytans Properties & Dev., Inc.; Engr. Ramonsito Uy, GM, Vineyard Construction; and Arch. Oliver Po, Tytans Senior Procurement Director.

Tambuli Seaside Living resort theme

Ty said the main requirement for the resort-themed project, which was launched in 2014, was for the 1,000 plus trees within the area to be left alone.

To make this possible, the development had to be designed in such a way that the structures will make way for the 30 to 40 species variety inside the property, according to project architect Alex Medalla.

This is why the clubhouse will have some trees inside and the lagoon pool go around a cluster or two.

Tytans Properties will be promoting the sixth tower in Phase 1 from August 13-14, 2016. The second phase of Tambuli Seaside Living will involve five towers.

Tambuli Seaside Living

RESORT VIEW. The Project Management Team of Tytans Properties & Dev., Inc. at the roof top of tower B. Check out the view that every unit owner can enjoy from their own balcony.

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Vibo Place on Escario St. presents new lifestyle hub, Axis Entertainment Avenue

With its cluster of six buildings designed like the ocean wave, wide open spaces, integrated gardens and spacious walkways, the Axis Entertainment Avenue at Vibo Place on Escario St. in…

With its cluster of six buildings designed like the ocean wave, wide open spaces, integrated gardens and spacious walkways, the Axis Entertainment Avenue at Vibo Place on Escario St. in Cebu City wants to provide a different lifestyle destination to locals and tourists.

“Axis is the entertainment and dining hub, and newest development of Vibo Place. We decided that Cebu needs something very different so we came up with this concept of a strip mall,” said Vibo marketing and leasing head Allen Andre B. Suarez.

Vibo Place Cebu Grand Hotel

VIBO PLACE on Escario St. is a recent rebranding of what used to be called the Cebu Capitol Commercial Complex Corp., which hosts the Borromeo family-owned Cebu Grand Hotel, The Apartelle, and CAIAA Center.

Drive-through Starbucks

He added that they currently have seven restaurants, including the first drive-through and biggest Starbucks outside of Luzon, Pigafetta, Suzukaze, Señor Kimchi, Ila Puti, Birdseed and Burger King.

According to Suarez, three more brands, all restaurants, will put branches at Axis Entertainment Avenue, after which the place can accommodate four more establishments.

Axis is located at the two-hectare development established by the Borromeos, a Cebuano family, along Escario St. in the 1970’s. Vibo Place is a recent rebranding of what used to be called the Cebu Capitol Commercial Complex Corp., which also hosts the family-owned Cebu Grand Hotel, The Apartelle, and CAIAA Center.

Vibo Place launching

LAUNCHING. (From left) Vibo marketing and leasing head Allen Andre B. Suarez, Carlo Anton Suarez, president Gerardo V. Borromeo, hotel president Camille B. Suarez, and Ian Martin Borromeo.

Vibo Place masterplan

A masterplan, to be implemented in phases, is being followed for Vibo Place, said its president Gerardo V. Borromeo. He explained that it took them a long time to introduce any new development because his father was a conservative businessman who believed in being sure of a venture before starting it.

He added that the rebranding to Vibo Place and addition of Axis happened after Borromeo took over the business and upon the clamor of the younger third generation. According to him, Vibo is an amalgam of the first letters of the last names of his parents, Villacarlos and Borromeo, that also means “fun” or “lively” in Cebuano.

“What sets us apart is we’re an integrated community. We have a church just across, a hotel, serviced apartments, and restaurants,” Borromeo said.

A bigger expansion is set for next year when Vibo Place will start building the first of three high-rise buildings in the property. The three-building cluster will be a mix of residential, office, and commercial. To complete the community, the buildings will be connected by a podium that will host retail brands and a supermarket following the wishes of his father.

Vibo Place Masterplan

MASTERPLAN. Vibo Place has a masterplan that will be implemented in phases, said president Gerardo V. Borromeo.

Axis Entertainment courtyard

The Cebu Grand Hotel, which recently celebrated its 23rd anniversary, is one of the oldest in Cebu, said hotel president Camille B. Suarez, Borromeo’s younger sister. It has a hundred rooms and seven function rooms that can host up to 300 guests.

Ms. Suarez said Cebu Grand has several ongoing promos, including a business lunch package and Sugba-Sugba Nights every Wednesday from 6-10 p.m.

Aside from a hotel, Vibo Place also has serviced apartments called The Apartelle.

The main entertainment hub, Axis, also has a 400-square meter courtyard that is open for events, added Mr. Suarez. The space has live bands play every Tuesday, Friday, and Sunday for alfresco diners of Axis restaurant tenants.

Vibo Place Axis

AXIS. The strip mall is an entertainment and dining hub that currently has 7 restaurants, including the first drive-through and biggest Starbucks outside of Luzon.

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Filinvest offers ready-for-occupancy condos under easy, express move-in scheme

With several of its new projects starting or about to start soon, Filinvest is selling its few remaining condo units in the company’s resort-themed communities in Cebu and Cagayan de…

With several of its new projects starting or about to start soon, Filinvest is selling its few remaining condo units in the company’s resort-themed communities in Cebu and Cagayan de Oro under an express move-in promotions.

Prospective buyers will only have to pay five percent of the contract price of any unit at Amalfi and Sanremo Oasis at the South Road Properties or One Oasis Cebu and One Oasis Cagayan de Oro and they can immediately move in, said Filinvest Land Inc. area general manager for the Visayas Allan G. Alfon.

Allan Alfon Filinvest

Filinvest Land Inc. area general manager for the Visayas Allan G. Alfon talks about the company’s express move-in promotions during a press conference. (Photo: MyCebu.ph)

Filinvest properties

The promo is open to buyers purchasing the ready-for-occupancy (RFO) units of Filinvest under a bank financing scheme. It will run until July 31.

Also being offered under the promo are the pricier units at Grand Cenia along Archbishop Reyes Avenue just across the Cebu Business Park.

Amalfi Courtyard. (Photo: Filinvest)

Amalfi Courtyard. (Photo: Filinvest)

Amenities already in place

One major advantage of RFO units, such as those that Filinvest is offering under the express move-in promo, is that the condominium amenities are already in place, Alfon added.

To make the promo even more attractive, Filinvest also waives the move-in fees and takes care of the bank financing charges which can go as high as two percent of total unit price, said senior manager for City de Mare project development Julie Castaños.

“This is our gift to buyers. We make it very easy for them to acquire a unit. The promo is timely, especially since classes are about to open,” she added.

One Oasis Cebu. (Photo: Filinvest)

One Oasis Cebu. (Photo: Filinvest)

 

Right time to buy

Since the launch of the promo last May 17 for in-house agents and May 20 for brokers, they were already able to close transactions for around 20 units at the SRP developments alone.

With Filinvest about to start on the expansion of Sanremo, One Oasis, and Amalfi, Castaños said now is the best time for investors to acquire a unit. Available RFO units range from studio to a three-bedroom place.

A unit in One Oasis Cebu. (Photo: Filinvest)

A unit in One Oasis Cebu. (Photo: Filinvest)

 

View from a patio in Amalfi. (Photo: Filinvest)

View from a patio in Amalfi. (Photo: Filinvest)

 

Pool deck in Amalfi. (Photo: Filinvest)

Pool deck in Amalfi. (Photo: Filinvest)

 

A unit in Grand Cenia Residences. (Photo: Filinvest)

A unit in Grand Cenia Residences. (Photo: Filinvest)

 

San Remo Oasis at the South Road Properties. (Photo: Filinvest)

Sanremo Oasis at the South Road Properties. (Photo: Filinvest)

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Taft, Hongkong Land to transform Cebu with world-class Mandani Bay in Mandaue

Taft Properties has partnered with top Asia property developer Hongkong Land to transform a 20-hectare waterfront property along the Mactan Channel in Mandaue City into the world-class lifestyle destination Mandani…

Taft Properties has partnered with top Asia property developer Hongkong Land to transform a 20-hectare waterfront property along the Mactan Channel in Mandaue City into the world-class lifestyle destination Mandani Bay.

Taft Properties president and chief operations officer Christopher Narciso said the mixed-use township will involve 20 towers, a grand harbor and boardwalk, as well as a large strip of greenery that cuts through the center of the property.

Mandani Bay Cebu

TRANSFORMING CEBU. (From left) Finn Carew, chief representative of Hongkong Land in the Philippines; Gilbert Ang, Mandani Bay project director; and Christopher Narciso, Taft Properties COO and president with a model of the development inside the showroom.

Mandani Bay recently opened its 1,500-square meter Show Gallery, the first structure to rise in the property. A press statement said the gallery is an architectural masterpiece borne out of a collaboration among international architects, engineers, and designers

The development is Hongkong Land’s third joint venture and biggest project in the Philippines, according to company representative Finn Carew. He said the two-tower cluster Mandani Bay Suites, which features studio to three-bedroom units, will be the first residential enclave built on the property.

Mandani Bay

ICONIC PROJECT. An official likened Mandani Bay to such international developments as the Thames River in London, Manhattan in New York, the Sydney Harbour, Victoria Harbour in Hong Kong, and the Marina Bay in Singapore.

World-class community

For Taft, Mandani Bay is the fulfillment its dream to have a world-class community here in Cebu, Narciso said. At the same time, the residential, retail, and office components of the development seeks to address the frustrations of Cebuanos related to traffic and parking.

Carew said Mandani Bay is Hongkong Land’s first major commitment in the Philippines.

“What’s special about Mandani Bay is that a lot of attention is being paid to it, from the design and architecture to the construction components. It is such an iconic project and the first of its kind in the Philippines,” he added.

Carew likened the project to such international developments as the Thames River in London, Manhattan in New York, the Sydney Harbour, Victoria Harbour in Hong Kong, and the Marina Bay in Singapore.

Mandani Bay Cebu

VISITORS check out the model of the Mandani Bay development. The development is Hongkong Land’s third joint venture and biggest project in the Philippines.

Mandani Bay targets

Long-term projects like Mandani Bay will have most of the developments launched after 10 years and see complete build-up in 20 years, said Narciso, adding he sees a bright future for the property sector in Cebu.

Philippine economic trends also show that the property market can only go up in the medium term, added Carew. He said a change in government administration shouldn’t affect the sector too much.

Gilbert C. Ang, Mandani Bay project director, said that they considered what Cebuanos like when they designed the township. He added that they can expect their top four passions of culture, creativity, adventure, and water to be incorporated in the development.

According to Ang, the residential component of the project caters to a wide range of clients, from starting to established families. This is in line with their target to attract local Cebu residents and foreigners to make their home in Mandani Bay, which will be made up of 80 percent residential, 15 percent commercial, and five percent office spaces.

Mandani Bay Cebu

MIXED-USE TOWNSHIP. Taft Properties president and chief operations officer Christopher Narciso said Mandani Bay will have 20 towers, a grand harbor and boardwalk, as well as a large strip of greenery that cuts through the center of the property.

 

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