Taft Properties launches P10 billion development in Cebu

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

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

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

Continue reading “Taft Properties launches P10 billion development in Cebu”

Taft Properties highlights Comforts of Christmas in its premium homes

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

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

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

Continue reading “Taft Properties highlights Comforts of Christmas in its premium homes”

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 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.

 

Taft Properties turns over initial set of Horizons 101 units

Taft Properties has turned over an initial batch of units in what is currently Cebu’s tallest residential building – Horizons 101 – in special handover ceremonies.

Chris Narciso, president and chief operating officer of Taft Properties, said they will be turning over the rest of the units to homeowners within five months.

“We’re very deliberate in our schedule for the handover. We want all our homeowners to experience the Taft style of handover,” he said. Taft opened up around 800 units in Tower 1 of Horizons 101 and these are all sold out.

Horizons 101 turnover
HORIZONS 101 TURNOVER. Taft Properties chairman Jack Gaisano (4th from left), president and chief operating officer Chris Narciso (3rd from left), and board member Margaret Gaisano-Ang (2nd from left) lead the toast to mark the turnover of initial units of Horizons 101.

A team from the property developer surprised homeowners, among them the Fernandez and Gucor families, with wine for a toast during the turnover of their units. Tower 1, with its 55 floors, is Cebu’s tallest building to date and Taft;s first vertical development.

Jack Gaisano, chairman of Taft Properties, told homeowners they were getting the tallest residential tower in Cebu that was built with the expertise of the best architects, engineers, and designers at the cheapest price.

Horizons 101 ‘comfort by design’

Narciso said not only is the Horizons 101 tower the tallest in Cebu or even the whole of Visayas and Mindanao, they’re working very hard to make it the finest.

“Taft Properties is taking residential living in Cebu to the top with Horizons 101. This project has been meticulously planned and will highlight one of Taft’s core principles which is Comfort by Design,” he said.

This refers to insightful home elements that have become necessities, such as lever-type doors, fireproof premium doors, safety switches, windows with limiters, soft-closing cabinet doors, grease traps, no-spill kitchen counter, rainshower head, porcelain tiles, and well-ventilated corridors and elevator lobby.

Horizons 101 Taft City Magazine
NEW MAGAZINE. (From left) Taft properties chairman Jack Gaisano, board member Margaret Gaisano-Ang and chief operating officer Chris Narciso unveil the new Taft City magazine that will feature the company’s properties.

‘Nature in an urban experience’

Other top-of-the-line features include four high-speed elevators with keycard access to ensure security, 100 percent backup power so life goes on uninterrupted, and close-circuit cameras. It also integrates the “innumerable benefits of nature into an urban experience” through the sky gardens that can be found on several levels.

The Horizons 101 community will include another residential tower, a commercial component intended to maximize its value, and offices for business process outsourcing companies.

Cebu’s tallest building Horizons 101 marks milestone

Cebu’s new tallest building, a residential development along Gen. Maxilom Avenue in Cebu City called Horizons 101, is closer to being completed.

Taft Properties, the developer of what is now the tallest Cebu condominium, celebrated a construction milestone when it held a topping off ceremony for the first tower of the two-building development last January 13, 2015.

In construction language, topping off means the placing of the final beam on a building project.

“This day is an important milestone for Horizons 101 and Taft, as we mark the realization of Taft’s commitment to deliver the tallest tower in Cebu City,” Taft Properties project development head Lydwena Eco said.

Horizons 101 towers

Horizons 101 is a masterplanned development composed of two residential buildings that will rest on a common and connected podium. Located at the ground level, the podium will feature dining, retail, and other commercial establishments that serve to answer the needs of residents, add to the value of the development, and complete the surrounding community.

The first tower, which costs P1.9 billion to build, is scheduled for turnover to the buyers by September 2015.

TALLEST IN CEBU. Horizons 101 is a masterplanned development composed of two residential buildings. The first tower (above) costs P1.9 billion to build and is scheduled for turnover to buyers by September 2015.
TALLEST IN CEBU. Horizons 101 is a masterplanned development composed of two residential buildings. The first tower (above) costs P1.9 billion to build and is scheduled for turnover to buyers by September 2015.

There are only a few remaining units at the first tower as around 99 percent had been sold off. About 75 percent of condominium units in the 46-storey second tower, set for completion and turnover by the third quarter of 2017, had been sold as well.

“Horizons 101 is an ideal development – from planning to execution – in an ideal location. It has been meticulously planned. Its sales take-up show that the team has done a good job,” said Taft Properties president and chief operating officer Christopher G. Narciso.

Cebu movers, shakers

Those who bought condo units are mostly locals, and Narciso describes them as the next generation of Cebu’s movers and shakers.

They are in their 30’s and 40’s and include business owners and corporate professionals belonging to middle and upper management.

When they started the Horizons 101 development, the cost per square meter of a condo unit was at P75,000. Now, it’s P106,000 per square meter. This shows an appreciation of P30,000 of the unit’s value in just three years.

“Those who invested early are now reaping the benefits,” he pointed out. A parking slot at Horizons 101 currently costs P750,000.