Real Estate in the Philippines doing Good- Colliers (Philippine Daily Inquirer)

All’s well in PH real estate, says Colliers

By Riza T. Olchondra
Philippine Daily Inquirer

1:07 am | Saturday, November 24th, 2012

 33 20

PROPERTY consultancy firm Colliers International Philippines said Friday the office and residential sectors in Metro Manila were expected to stay healthy amid a strong economy, robust remittance inflows, and stable inflation and mortgage lending rates.

The firm’s market study as of the third quarter said that office stock will likely exceed 7 million square meters in major central business districts (CBDs) in the next two years. Developers anticipate sustained demand, especially from the BPO industry.

Ownership rules limiting foreign participation in certain sectors are not seen to have a big impact on property development since foreign participation in this sector is “minimal” anyway, Colliers International managing director David Young said.

New supply is expected to be at more than 500,000 sq m in 2013, an increase of 28 percent year-on-year and a new record high.

In Makati CBD, total office stock increased to more than 2.75 million following the completion of Zuellig Building with 57,000 sq m.

In the residential sector, new supply of high-rise residential condominiums in the five sub-markets tracked reached almost 5,000 units in the first nine months of 2012.

The majority of these are located in Fort Bonifacio. In the Makati CBD, the stock is unchanged at 15,513 units since March this year, Colliers International said.

Other upcoming completions include Raffles Residences (237 units), Greenbelt Madison (276 units) and The Grand Midori Tower 1 (279 units).

Both the Makati CBD and Fort Bonifacio will have the strongest supply pipeline in the next two years.

As for retail, new retail supply reached more than 60,000 sq m in the first nine months of this year. Colliers International attributed this to Magnolia Town Center in Quezon City and the partial re-launch of Glorietta 1 and 2 in Ayala Center.

“In the long term, retail developments will consistently expand across the untapped geographic markets in Metro Manila, around BPO and commercial centers, and within the master-planned communities,” the report said.

McKinley West Audio Visual Presentation

Few Remaining Lots at Domaine Le Jardin Village at Tagaytay Twin Lakes

Philippine Daily Inquirer Article for Uptown Lifestyle-NOvember04,2012

Megaworld taps EEI to build mall, BPO offices in BGC by abs-cbnnews.com

Megaworld taps EEI to build mall, BPO offices in BGC

ABS-CBNnews.com

Posted at 11/19/2012 6:13 PM | Updated as of 11/19/2012 6:14 PM

MANILA, Philippines - Megaworld Corp. has tapped EEI Corp. as its general contractor for 3 upscale developments at its Uptown Bonifacio project in Bonifacio Global City, Taguig.
Under the deal, EEI will handle the construction of the three-level Uptown Mall and two office towers targeting companies in the business process outsourcing (BPO) industry.  Megaworld and EEI signed the contract of partnership last November 15.
Megaworld is developing the 15-hectare Uptown Bonifacio, located near the British, American and Japanese international schools in Bonifacio Global City.
"Megaworld's brand promise underscores quality... We put a lot of time into the planning of our projects.  In looking for contractors to partner with, we conduct detailed studies on the market and the industry.  This way, we're able to identify contractors that match our exacting standards," said Megaworld Senior Vice President for Operations Division Philipps Cando in a statement.
EEI President and CEO Roberto Castillo said,  "Megaworld defines quality.  The company will challenge us to meet and even exceed their expectations.  We aim to satisfy every demand to deliver impressive end-results."
Since 1994, Megaworld has launched more than 250 residential buildings, office towers, commercial centers and hotels.
Aside from the Uptown Bonifacio developments, EEI is also the general contractor of Megaworld's Eight Forbes Town Road residential project in BGC, and One Central, at the junction of Sen. Gil Puyat and Ayala avenues in Makati. 

---

Topping Off 8 Forbestown Road Residence by Manila Standard Today

Megaworld and EEI Corporation top off Eight Forbes Town Road, Megaworld’s 53-story luxury residential project in Forbes Town Center, situated in Bonifacio Global City.  Megaworld SVP for Operations Division Philipps Cando and EEI VP for Field Operations Group Albert Saringo (4th and 5th from right) lead the  topping-off  ceremonies. With them are (from left) Casas Architects Associate Gaylord Bongalon and Partner Bernadette Tan, EEI AVP for Field Operations Group-Buildings Jessie Parada and Megaworld SAVP for Project Management Division Roemar Nograles, AVP for Architecture and Planning Hermelyn Cullano and Project Architect Triff Andres.

Mckinley Hill Fort Bonifacio: Magnificent and Majestic Venice Luxury Residences ...

Mckinley Hill Fort Bonifacio: Magnificent and Majestic Venice Luxury Residences ...: The Venice Luxury Residences, located inside the 50 hectare McKinley Hill Fort Bonifacio,Philippines. Tagged as the "Most Beautiful Urban...

Reserve Now Pay Next Year Promo, No Down Payment, No Lump Sum payment, No Interest 36 months to pay

Puttin’ on the Ritz

REFERENCE:
MANILA STANDARD TODAY
by Joba Botona (September 04,2012)
Puttin’ on the Ritz

When we use the word “luxury” to describe something, we mean that it is expensive and exquisite. Luxury also means comfort and value for money. Uptown Ritz at Bonifacio Global City, Megaworld Corp.’s latest condominium developments, attempts to redefine luxury.

“Uptown Ritz offers not only upscale units as well as premium amenities and facilities exclusive to tenants, but it also offers the ‘luxury of time.’ Living in townships like Bonifacio Global City gives you that privilege. In Uptown Ritz, you don’t need to go far because everything that you may need is just around the area,” shares Noli Hernandez, Megaworld’s senior vice president for sales and marketing.

The Ritz life

The 45-storey building’s striking glass and aluminium facade make it stand among other residential properties in BGC. But there’s more to it than an air of sophistication.

Uptown Ritz’ premium amenities housed on the first eight floors are designed to give comfort to condo owners while the 7th floor’s two decks has everything one may need to relax and enjoy in their abode—pools, outdoor recreation areas, function rooms and a fitness center. Families will also enjoy living in the three and four-bedroom suites on the penthouse floors located at the 40th to 45th levels of the building. The parking area, which occupies the 2nd to 6th floors are also expansive, giving occupants a hassle-free parking with its 330+ allocated slots.

“We want to make our tenants feel that they are a part of an exclusive community by simply living in Uptown Ritz, which offers an ‘uptown lifestyle’ that suits their wants and needs. It is the experience of living a luxurious life in a different sense, because we do not only offer the value of their money but also the value of time,” says Harold Geronimo, director for strategic marketing and communications.

New central business district

The 45-storey Uptown Ritz’ striking facade make it stand among other residential properties in BGC.

Uptown Ritz is part of Megaworld’s master planned township in BGC dubbed as Uptown Bonifacio, which is considered as the “brand-new central business district.” The sprawling 15-hectare community closely follows the company’s formula for townships as upscale hubs for home, business and leisure.

Another latest development of Megaworld is Uptown Place mall, a three-storey high-end dining and shopping hub for those who do not want to out of BGC district. The Uptown Place mall is a mere walking distance from the Uptown Ritz and complements its shopping boutiques at the ground level.

Uptown living, as Hernandez explains it, means that every family’s needs are addressed. The place boasts of its prime location conveniently tucked close to BGC’s key locations such as the Grand Hyatt Hotel, St. Luke’s Medical Center and S&R. Kids may also attend top institutions such as the International School Manila, Manila Japanese School and the British International School.

Uptown Ritz is also very accessible to major roads such as Edsa and C5, which enables working professionals and business people get to their destinations or business centers like Makati Central Business District, McKinley Hill and Eastwood City in less than 20 minutes.

“In Uptown Ritz, it’s an understatement to assume that its residents live in luxury. It’s more than that—it’s uptown luxury,” says Geronimo.

(Condominium units at Uptown Ritz are priced at P9.4M to P27M)

Reserve Now Pay Next Year Promo for Venice Luxury Residences