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Thursday, August 30, 2012

Monorail from NAIA to the fort... coming soon!?


Monorail from NAIA to The Fort

A monorail from NAIA to The Fort? That’s possible, says BCDA

Metro Manila commuters may look forward to a monorail plying the Bonifacio Global City (BGC) and NAIA Terminal 3 area, a part of an initial study for the project recently received funding from Japan, a statement showed.
The pre-feasibility study for the monorail, which will connect the Metro Rail Transit-3 (MRT-3) to the new terminal of the Ninoy Aquino International Airport, will be funded by Japan’s Ministry of Economy, Transportation and Industry (METI), state-owned Bases Conversion and Development Authority (BCDA) said in a statement.
BCDA manages BGC, which has been developed from Fort Bonifacion, former United States military base.
“We  welcome  this development as good news and a step forward in realizing the  monorail  project  that  would  serve  millions  of commuters in Metro Manila,” BCDA President and Chief Executive Arnel Casanova said.
The proposed 12.56-kilometer railway will start from the MRT-3 Guadalupe Station, enter BGC through  its north gate and end at the NAIA 3 Terminal Building.
Project completion is seen by 2016.
Casanova said the monorail will provide “a fast, efficient and safe public transport service” by connecting BGC and other mixed-use districts such as McKinley Hill and Newport City, as well as the airport termnial.
BCDA Chairman Felicito Payumo concurred, noting that this will ease the everyday build-up of Metro Manila’s high “commuter traffic of 13 million.”
The pre-feasibility study is the first step of the project, which will be followed by a “full-blown” feasibility study, Eduardo Lena, BCDA program director for special projects, said. He added that consultants from Japan may likely be enlisted for the study.
The expected project cost is will also be determined in the initial study, BCDA said.

Article from The Philippine Star... Demand and Supply of Real Estate in the Philippines 1st Quarter of 2012

No bubble yet, but why risk it 
DEMAND AND SUPPLY By Boo Chanco (The Philippine Star) Updated August 31, 2012  (From Phil Star)

I guess BSP Gov. Amando “Say” Tetangco just got tired being asked all the time if there is a property bubble yet. Or maybe, he is starting to see danger signs and just wanted to be proactive. He is also very responsive to public sentiment and does what he can within the limits of the BSP Charter.
The recent BSP order for banks to change how they report their exposure to the property market made some people a little worried. They had been suspicious of a glut in the property market, particularly in the condominium segment, and the BSP order is being seen as a kind of admission that something is afoot.
But I want to believe that Gov. Say is just showing us why he is one of the world’s top central bank governors, rated to be even better than the US Fed’s Ben Bernanke. Our Gov. Say rated an “A”, same as the previous year, compared to Bernanke’s “B”, an improvement from the previous “C”.
Only five other governors rated an “A” out of 50 rated by Global Finance magazine. An “A” rating represents an “excellent performance” in areas of “inflation control, economic growth goals, currency stability and interest rate management,” the statement announcing the ratings explained.
“Every year, we assess the determination of central bankers to stand up to political interference and their efforts at influencing their government on such issues as spending and economic openness to foreign investment and financial services,” Global Finance publisher Joseph Giarraputo was quoted as saying in the same statement.
So I guess Gov. Say wants to be rated “A” again next year and he won’t let something like a property bubble frustrate that. The latest precautions will also give us an early warning system and make banks behave themselves when tempted to be liberal to a sector that caused untold miseries abroad.
The previous rule excludes loans issued to individuals for property acquisitions or home construction, as well as to developers of socialized- and low-cost housing projects.
Now, according to the BSP chief, “For purposes of determining a bank’s exposure under the new rules, real estate activities shall refer to the construction and development of real estate projects as well as other ancillary services like buying and selling, rental and management of real estate properties.”

Tetangco said the ceiling on real estate loans will remain at 20 percent, but served notice that the BSP will adjust this when necessary. He said the BSP will “review the ceiling after we get the reports from the banks to see if there is a need to adjust.”
“The new guidelines provide a more comprehensive measure of a bank’s real estate exposure. It now includes loans as well as investments in debt and equity securities, the proceeds of which shall be used to finance real estate activities,” he said.
He also stressed the move was not taken because asset prices are heading to a bubble. “In terms of loans, it is comfortably below 20 percent. If I am not mistaken, it is more or less 14 percent the latest that I’ve seen,” he told Interaksyon, referring to banks’ exposure to the property market.
It is just as well that the BSP is being proactive. An Australian website, Global Property Guide, recently acknowledged a robust property market here. In a posting last week, it heralded a “Big property surge in the Philippines!”
It opened its report with the observation that “As always happens in countries enjoying economic growth and fundamental structural reform, house prices are rising sharply.” It then offered figures to back that this is happening here.

In the first quarter of 2012, Global Property Guide reports that “the average price of a luxury three-bedroom condominium in Makati CBD rose 4.8 percent to P114,000 ($2,727.53) per sq. m. (q-o-q), according to Colliers International, or by 10.68 percent during the year to Q1 2012 (7.34 percent when adjusted for inflation).”
It continued: “Average prices in other key areas of Metro Manila, namely Rockwell Center and Bonifacio Global City, rose by 11.4 percent during the year to P119,500 ($2,859.12) in Rockwell, and by 8.6 percent to P112,900 ($2,701.21) in Bonifacio Global City.
“High-end residential real estate prices are likely to rise by another 9.9 percent during the next 12 months, according to Colliers. Rockwell Center is predicted to have the highest growth with a 9.9 percent y-o-y increase. Makati CBD and Bonifacio Global City values are expected to rise by 8.2 percent and 5.9 percent, respectively.”
Global Property Guide also reported that “The highest rents are still in Rockwell Center, with condominium average rentals of P780 ($18.66) per sq. m. per month in Q1 2012, up 1.3 percent on the previous quarter. In Makati’s CBD, a 290-sq. m. unit rental averages P658 ($15.74) per sq. m. per month.”
The Guide reports: “Overseas Filipinos’ remittances are powering the low-end to mid-range residential property market. They are snapping up housing projects and mid-scale subdivisions in regions near Metro Manila such as Cavite, Batangas and Laguna Provinces, while the expansion of the upper residential market, including the luxury market, is due to increased housing demand from BPO employees and expatriates, according to the World Bank.”
Citing the Ayala experience, The Guide points out that OFWs account for around 17 percent to 18 percent of residential sales of Ayala Land. “In the next five years Ayala Land president Antonino Aquino expects to double this, by branching out to the affordable and low-end market segment.”
The Guide observes that “Ayala Land is a late entrant to this market, previously dominated by companies such as Vista Land and Lifescapes Inc. Around 55 percent of Vista Land’s reservation sales currently go to OFWs in Asia, Europe and Middle East, while US-based OFWs account for another five percent to 10 percent of sales.”
Ayala will have some catching up to do in the mid-market. When I last talked to Sen. Manny Villar, he told me of his plans to be, in his words, ‘the Jollibee of affordable property.” Apparently, his flagship Vista Land had been land banking in key regional capitals and around Mega Manila. It is a matter of time before they go full blast developing these for the middle income market.
As expected, Sen. Villar does not think there is a glut in the property sector just yet. The market, he said, is so large. But he warned, a developer must know what segment of the market to exploit. He sees more promise in the affordable property segment, specially in fast growing regional centers outside of Metro Manila.
I suppose Sen. Villar is “happy na rin” that P-Noy’s victory has caused a dramatic rise in business confidence so that he may quickly enhance his premier position in the property market. That must have made it easier for him to agree on a coalition of his Nationalista Party with P-Noy’s Liberals. The senator said he can’t wait to go back to running his business enterprises after his term expires next year.
So it is clear: no property bubble yet in the horizon but the BSP is just being cautious. Having said that, those intending to buy property must exercise due diligence. It is first of all still location, location, location.
Secondly, pick a good reputable developer. Anybody can put up a building. But not every development is a Rockwell or an Ayala Land development. The numbers speak for themselves. Appreciation of property prices are highest in the reputable developments… not in the also runs no matter how upscale their market positioning may be. The more hard sell the advertising, the more cautious you should be.
Rubber
Rodolfo de Villa sent this one.
Husband and wife are waiting at the bus stop with their nine children. A blind man joins them after a few minutes.
When the bus arrives, they find it overloaded and only the wife and the nine kids are able to fit onto the bus. So the husband and the blind man decide to walk. 
After a while, the husband gets irritated by the ticking of the stick of the blind man as he taps it on the sidewalk, and says to him, “Why don’t you put a piece of rubber at the end of your stick? That ticking sound is driving me crazy.”
The blind man replies, “If you had put a rubber at the end of YOUR stick, we’d be riding the bus, so shut the hell up.”
Boo Chanco’s e-mail address is bchanco@gmail.com. Follow him on Twitter @boochanco

Tuesday, August 28, 2012

An Aristocratic Welcome to a World of Wonder, The Venice Luxury Residences


AN ARISTOCRATIC WELCOME TO A WORLD OF WONDER
INTRODUCING:
THE FINAL PIECE IN McKINLEY HILL



CELEBRATE "LA DOLCE VITA" - The beautiful life


Venice. Floating like a mirage on sparkling lagoon, Italy's famed city overflows with the romance of bygone era. Everything bears the stamp of a rich artistic and cultural heritage. From this exquisite landscape, The Venice takes shape. An extraordinary address in McKinley Hill that captures the glory and grandeur of VENICE.

Your new address beckons with a smile and beguiles with its beauty. Embrace by lush greenery, the LAST of 7 towers of The Venice boast facades with subtle Venetian influences. And each resembles a fierro-a gondola's uniquely shaped iron head from above. As you step inside the Venetian-style lobby, indulge your passion for elegant design. Tall curtain glass complements the high ceiling, as plush interiors enfold you in a sense of luxury.


FROM THE VENICE to the rest of  THE METROPOLIS...in Minutes

As our flagship community in McKinley Hill township at Fort Bonifacio, The Venice enjoys a location of great advantage. Here, it's easy to go from your sheltered haven straight to key places in the township and Metro Manila.

Stroll to work at the McKinley Hill CyberPark, right outside your doorstep.  And arrive at nearby international schools (Chinese, Korean & Enderun),embassies (British, Korean, Qatar & UAE), and an events pavilion (The Blue Leaf and The Piazza) just as quickly.

The offices, learning centers and malls in Bonifacio Global City and Makati are easily reached through Upper McKinley Road. Even Ortigas is a stress-free drive away via the EDSA Kalayaan flyover or C-5 Road. If you have business trip, the international airport is accessible via Lawton Avenue. And the city's southern areas are minutes away using Sampaguita West Ramps 1 and 2.


A COLORFUL CANVAS OF VENETIAN LIFE.

The moment you leave the cocoon of your home to meet the world outside, your exuberant spirit is set free.  That's because at the sprawling retail plaza a few steps away, the very best of Venice unravels right before your eyes with man-made grand canal and gondolas similar to The Venetian Macau/Las Vegas and in Venice itself.

At the Piazza Grande, admire your community's very own St. Mark's tower, inspired by the iconic campanile at Piazza San Marco.  Recall eras past at the Doge's Palace, an architectural attraction designed after the Palazzo Ducale.

Plan your day around the lively carnevale of shops and dining places at the two-level commercial center. And at the promenade, dotted with pocket gardens and benches, have every opportunity to refresh old ties and spark new friendships.


A SOOTHING OASIS FOR THE SOUL

In Venice, there's a time without time, when everything slows down to a dreamy place.  Inspired by this leisurely way of life, The Venice brings you your own oasis at the third level. Letting you achieve an ideal balance of rest and recreation whenever you want.

See to your well-being in the swimming pool, fitness station, play area and tennis and badminton courts. Pamper yourself at the outdoor spa. Watch your children have fun in their own pool and playground. And for those who need a breather, relax at the palm court, or by the pond and fountains.

Just as inviting are the tranquil settings of the sculpture, rock and meditation gardens, all inspired by the romantic giardini (gardens) in Venice.


SURRENDER TO LA SERENISSIMA.

Everything in Venice is embraced by pure serenity. And it's this sense of peacefulness that greets you at home, whether in your executive studio, one-bedroom, two-bedroom or three-bedroom suite. Return to a rhythm of life untouched by worldly worries. Bond with your family in well-planned spaces, designed with all modern comforts you need.

Feast your senses on nature's bounty from wide windows and a balcony on all-units. And soak in the beauty of your surroundings even before you take your first step outside.


GOOD INVESTMENT. UNMATCHED PAYMENT TERMS.

Price appreciation escalates annually. High rental-income within the international community of McKinley Hill and Return of Investment/Equity at its peak.









EMBRACE THE MAJESTY. THE MAGNIFICENCE OF VENICE.



at FORT BONIFACIO with MEGAWORLD








NOW ACCEPTING PRIORITY RESERVATIONS.
To avail SPECIAL PROMO TERMS & MORE DISCOUNTS for the first 100 clients only. 

For more details, feel free to contact JOVY RAMOS at 0915-5666681.




Sunday, August 26, 2012

Uptown Living at One Uptown Residence. 2 Bedroom Unit (fully furnished)


One Uptown Residence 2 Bedroom unit Fully Furnished Units for as low as Php 15,000 per month. NO Down Payment, No Interest, 48 Months to Pay.

Area: 
South Wing
2 Bedroom With Balcony - 74.90 sqm to 79.50 sqm
2 Bedroom w/o Baslcony - 68.60 sqm to 73.30 sqm

North Wing
Unit B - 2 Bedroom with Balcony: 104.40+5.20 sqm (109.60 sqm) Jr.Penthouse
Unit C - 2 Bedroom with Balcony: 106.50+5.20 sqm (111.70 sqm) Jr.Penthouse
Unit D - 2 Bedroom with Balcony: 100.20+5.20 sqm (105.40 sqm) Jr.Penthouse
Unit E - 2 Bedroom with Balcony: 104.40+5.20 sqm (109.60 sqm) Jr.Penthouse

One Uptown Residence is our first fully furnished project inside Uptown Bonifacio, a 15 hectare mix used development located at the North and Expatriate side of Global City.
Designed to be the newest LANDMARK and Commercial Business District of Global City.
One Uptown Residence is connected via an underground commercial area with restaurants and retail shops linked to a high-end mall Uptown Place.

Discover the new uptown living at One Uptown Residence.
Fully Furnished Unit.
No Down Payment No Interest 48 Months to Pay.
Php 10,000.00 only per month.

For queries and priority reservations contact: 
Jovy Ramos - 0915.566.66.81
Assistant Sales Manager 
Licensed Real Estate Broker

Magnificent and Majestic Venice Luxury Residences 3 Bedroom Unit with Ba...



The Venice Luxury Residences, located inside the 50 hectare McKinley Hill Fort Bonifacio,Philippines.
Tagged as the "Most Beautiful Urban Township in the Metro".
Interconnected with a Venetian inspired mall,The Venice Piazza.
Features a man made grand canal with authentic gondola ride.
Studio Unit with Balcony 119.50 square meter.
Fully Finished Unit.
No Down Payment 0% Interest for 36 Months
For as low as Php 28,000 per month only. LIMITED OFFER ONLY!
For  Priority Reservations and Queries call NOW!  (+63)0915.566.66.81
Jovy Ramos - Assistant Sales Manager/Licensed Real Estate Broker

Viceroy Residences, Near Forbes Vital.Vibrant.Very You

The Venice Luxury Residences Studio Unit with Balcony

Saturday, August 25, 2012

Venice Luxury Residences (Studio Unit with Balcony)

Project:     The Venice Luxury Residences
Location:    McKinley Hill, Fort Bonifacio
Unit :         Studio Unit (Fully FINISHED)
Area:   40 sqm with balcony
LIMITED PROMO ONLY:
NO DOWN PAYMENT NO INTEREST 36 MONTHS TO PAY  NO LUMP SUM 
PHP 25K RESERVATION
1ST TO 12TH MONTH PHP 15,000.00 ONLY
13TH TO 24TH MONTH PHP 25,000.00 ONLY
25TH TO 36TH MONTH PHP 35,000.00 ONLY
contact: Jovy Ramos 0915.566.66.81

Pictures of Model Unit

One Uptown Residence. 1 Bedroom Unit Fully Furnished


One Uptown Residence. 2 Bedroom Unit Fully Furnished

Uptown Ritz Residence. 2 Bedroom Unit

The Bellagio III 

8 Forbes Town Road, Golf Course Residence 1 Bedroom

8 Forbes Town Road, Golf View Residence. 2 Bedroom



Forbeswood Parklane, Studio Unit

Studio Unit at Morgan Executive Residences

The Venice Luxury Residences, 1 Bedroom Unit w/ Balcony

The Venice Luxury Residences,3 Bedroom Unit w/ Balcony

The Venice Luxury Residences, Studio Unit with Balcony (40sqm)

Viceroy Residences at McKinley Hill

Thursday, August 23, 2012

Mckinley Hill Fort Bonifacio: Uptown Ritz Residence, The First Upscale Development in Uptown Bonifacio.

Mckinley Hill Fort Bonifacio: Uptown Ritz Residence, The First Upscale Development in Uptown Bonifacio.

Uptown Ritz Residence, The First Upscale Development in Uptown Bonifacio.


Photobucket
FROM THE SUCCESS OF ONE UPTOWN RESIDENCE
INTRODUCING:
THE FIRST UPSCALE DEVELOPMENT IN UPTOWN BONIFACIO
SLEEK.
A tall 45-story glass facade across One Uptown Residence. Few steps away from the largest upscale mall in Global City:UPTOWN PLACE and upcoming Grand Hyatt-Hotel.




CONNECTED.
Powerful location. Bounded by major roads of C5, Edsa and 32nd Street. 2-blocks away from St. Luke's Medical Center-Global City and beside the international schools of America, Britain & Japan.





QUINTESSENTIAL.
2-level amenity area on the 7th floor with 18m Lap Pool / Fitness Center / 2-level Nursery / Business Center / Multi-function Rooms.




REFINED.
Spacious 2-bedroom (78.80 sq.m, 80.30 sq.m, 93.50 sq.m), 3-bedroom (108.10 sq.m, 131.30 sq.m) and 4-bedroom (182.60 sq. m) with balcony on selected areas. Each home, artfully designed, is an expression of sophistication.




EXCLUSIVE.
Offering 300+ suites only at 6 to 10 units per floor with 5 high-speed passenger lifts and 1 full-service elevator. It's a stunning statement of how uptown luxury is reserved for the favored few.




 
GOOD INVESTMENT.
Price appreciation escalates annually. High rental-income located within the expatriate side of Global City. 









DISCOVER UPTOWN LIVING ONCE AGAIN
A CLASS BEYOND FIRST
by MEGAWORLD


NOW ACCEPTING PRIORITY RESERVATIONS.
To avail SPECIAL LAUNCHING TERMS, MORE DISCOUNTS and grab the BEST UNITS facing East, corner with balcony. 

Call and Contact:
Jovy Ramos 
Assistant Sales Manager
0915.566.66.81