Updated Developments as of January 2013 for McKinley Hill Fort Bonifacio and Forbes Town Center Global City

We are pleased to inform you that as of January 15,2013 8 Forbestown Road overall project accomplishment is 49.86% complete. Concreting works is already at 54th floor. Ongoing work includes rebar works, formwork's, fabrication of rebars, plastering works, spraycrete of wall partition, application of waterproofing and installation of : CHB wall, Pre-cast wall and drop walls. Installation of air duct for mechanical, pipe sleeving works for sanitary and fire protection and electrical roughing-ins is also on development.
The Project is on progress with accordance to its schedule.

We are pleased to inform you that as of january 15, 2013, Morgan Executive Residences Towers 1,2 and 3 overall accomplishment is 94.61%, 76.40% and 59.20% respectively. For tower 1 ongoing works includes flushing and functionality test of plumbing fixtures at 18th Floor - 22nd Floor (for completion), interior finishing works is on going at 22nd floor with minor finishing works to complete, preparation of BTO for roof deck under mechanical works and ongoing retouching and final painting at basement area.  Installation of main door jamb, KED, fixtures, and wires is ongoing for Tower2. For tower 3 on going works includes installation of riser, piping of EWT, waterproofing test of Toilet and Bath at 19th floor and paintinf works.
The project is on progress with accordance to its schedule.

We are pleased to inform you that as of January 13, 2103, the Stamford residences Tower 1,2 and 3 overall accomplishment is 100%, 99.89% and 99.89% respectively. Mechanical works for tower 1 includes testing of remaining units and preparation of BTO. For tTower 2 and 3 under mechanical works, controllers of Fans and bowers are subject for replacement due to change in specifications and schedule for turnover of electrical works is still waiting.

We are pleased to inform you that as of January 15,2013, the overall project accomplishment for Tuscany Private Estate Phase I, II, III is 98.67%, 98.22% and 87% respectively. For Phase I (Cluster 1,2 and 7), remaining works inlcude punch listing for mechanical and plumbing works. For Phase II (cluster 3 and 4), punchlsiting for plumbing and fire protection worksat basement area is ongoing. For phase 3 (Cluster 5 and 6), installation of mechanical equipment, plumbing fixtures and droppings is on going.

We are pleased to inform you that as of January 15,2013 The Venice Luxury Residences overall project accomplishment for Tower's A and B is 46.85% and 42.90% respectively. For Tower A nad B ongoing works includes preparation of upper roof deck, piping works at basement area and painting works at residential units 4th floor to 6th floor.
The project is on progress with accordance to its schedule.