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Property Sector E-News Express v25-2017


Millennials A growing property market
Philippine Daily Inquirer | June 12, 2017

Millennials have risen as a key demographic force in the country’s property sector, although these young adults are more inclined to rent rather than buy property assets, a research by international property portal Lamudi said. “Over the past decade, the living and purchasing habits of citizens in the Philippines have been changing. In contrast to trends in most other countries, the Philippines’ younger generation now has greater purchasing power than ever before,” Lamudi said in its Real Estate Market Report 2017 released last Friday. But while previous generations were interested in settling down quickly and likely to remain employed in the same company for decades, the younger generation is generally seen as more dynamic. Read more

Filinvest’s Pioneer Pointe offers downpayment special
The Manila Times | June 12, 2017

Developer Filinvest is offering a special downpayment rate of just 2.5 percent for buyers of units in its Pioneer Pointe condominium tower in Mandaluyong City, the company announced. A 28-story premium property under the Filinvest Livable Condos brand, Pioneer Pointe is strategically situated at the center of the bustling commercial and business district, which allows for functional and enjoyable urban living. It is a real address of convenience as it is close to the Edsa MRT line and gives easier access to possible places of work in Mandaluyong City, Makati City, and Bonifacio Global City, where many small and medium enterprises and top corporations are located. Read more

Megaworld plans new Pampanga CBD
The Manila Times | June 12, 2017

Listed developer Megaworld will build a new central business district (CBD) in the center of San Fernando, Pampanga, the company announced in a disclosure to the Philippine Stock Exchange on Thursday. Capital Town, which will be located near the Pampanga Provincial Capitol, will be home to residential and BPO office towers, civic and institutional facilities such as school, amphitheater and event venues, mall and retail hubs, a hotel, and a shophouse district that “highlights neoclassical and art deco architecture, reflective of Pampanga’s historic rows of heritage houses,” Megaworld said in its statement. “What we are building in Pampanga is a unique township concept that will truly bring out the best of the Kapampangan culture, tradition and history. In 10 years, Pampanga will see a CBD that is not only a showcase of homegrown businesses and entrepreneurs, but also a center for local arts and culture,” said Megaworld Pampanga’s first vice president for sales and marketing Eugene Em Lozano. Read more

New tower presents a smart investment opportunity
Manila Bulletin | June 12, 2017

Investing can be hard. But if you do a thorough research and keep your head on straight, your chances of long-term success are good. While you can go big, sometimes it pays to play it smart. For people looking for a major property investment in Metro Manila, there will always be apprehensions: locations that offer the most potential come with a hefty price tag. So instead of going big, can one invest by going smart? Thanks to C-5 Mansions Development Corp., property investors can go smart. Their project, Ridgewood Towers Premier, offers value for money. It is situated along the periphery of Bonifacio Global City (BGC), 400 meters from SM Aura, and just across McKinley Hill. Access to Makati’s Central Business District and the rest of BGC is limited to a few minutes of driving, while the country’s premier airport hub is a short drive away. However, the project doesn’t carry the hefty price tag common among the nearby developments. This makes investing in Ridgewood the smart play. The property is now being pre-sold at an average of P85,000 per sqm, compared to similar projects that start at P130,000 per sqm and up. Read more

CebuCon caters to growing needs in Visayas and Mindanao
Business Mirror | June 13, 2017

Buoyed by the massive infrastructure developments not only in Metro Manila and other parts of Luzon, but also in both the Visayas and Mindanao (VisMin), the just-concluded Construction Show Cebu, or CebuCon, marked its 25th anniversary in a more responsive way to strong demand from the built environment by featuring new technologies, innovations and product solutions. Given the vibrant construction and building activities in the region, LA Ducut & Co. Inc. Managing Director Lilibeth Ducut-Abais encouraged potential investors to locate in Cebu because it remains to be the hub for trade and industry. Among the infrastructure projects that make Cebu conducive for them are the P27.9-billion Cebu-Cordova Link Expressway, the P50-billion Metro Cebu Expressway, the P9.2-billion New Cebu International Container Port, the P98-billion 25-kilometer Cebu rail project, and the P420 million worth Metro Cebu flood-control projects. Other areas, like Bohol and Siquijor, also saw rapid infrastructure developments since the first semester of last year. Read more

Megaworld’s Capital Town to boost San Fernando’s growth
Business Mirror | June 13, 2017

Pampanga is a province rich in history and endowed with natural and man-made sites. It is one of the eight provinces that led the revolt against Spanish colonialism. Moreover, it has also produced several illustrious patriots, such as Gen. Mariano Hizon, Chief Justice Jose Abad Santos, Pedro Abad Santos, Cesar Basa and President Diosdado P. Macapagal. Furthermore, several Kapampangans have contributed a lot to the development of the country’s rich cultural heritage, such as Rogelio de la Rosa, Rodolfo Vera Quizon (a.k.a. Dolphy), Vilma Santos, Brilliante Mendoza and Claude Tayag, among others. Pampanga is also quite famous as “The Culinary Center of the Philippines”. Kapampangans are widely known to be passionate on their cuisine that has produced several prominent dishes. San Fernando, the capital of Pampanga, is famous among foreign visitors for its yearly Easter reenactment of the crucifixion of Jesus Christ. During the Christmas season, lanterns made by skilled Kapampangans are much in demand from buyers. Megaworld recognizes the rich potential of Pampanga in business and culture. Read more

Future-ready premium office tower rises in Alabang
Manila Bulletin | June 14, 2017

Recent reports from international broker firms indicate that as of the fourth quarter of 2016, demand for office space in Metro Manila has remained strong. While developments are largely concentrated in other parts of the National Capital Region, Alabang remains a highly attractive location, owing to its proximity to the progressive CALABARZON and adjacent communities teeming with talents for the labor pool. Addressing this need is the 32-storey Parkway Corporate Center, the first office condominium under the WorkSpaces by Filinvest banner that offers investors pre-selling smart office units for sale in a dynamic environment. Soon to rise at Filinvest City in Alabang, the premier CBD in the South, Parkway Corporate Center is positioned at a prime address that is conveniently located and is accessible — both to private and public transportation as well as its proximity to the Festival Mall Alabang. Read more

Developer brings Cybergate series to Naga
Malaya Business Insight | June 15, 2017

Naga is an ideal location for BPO locators due to the presence of highly qualified talent pool. There are several major universities in Bicol such as Ateneo de Naga and The University of Nueva Caceres. Telecommunication infrastructure is available from the major telecom providers PLDT and Globe. Naga is only 45 minutes from Manila by air and 6 to 8 hours by land. To be called Robinsons Cybergate Naga, the office building will be located on Naga Diversion road corner Almeda highway, Barangay Triangulo, Naga City. It will be within the Robinsons mixed-used complex, which has a mall and two hotel chains: Go Hotels and Summit Hotel. The mall is slated for opening on August 15 this year while the office building is expected to be completed in the second semester of 2017. The building is registered with the Philippine Economic Zone Authority as an information technology center. Robinsons Cybergate Naga will consist of two office floors plus a recruitment space at the third floor which will be connected to the mall. It will have a gross leasable area of 5,900 square meters. Read more

Property market still strong, group attests
Sunstar | June 16, 2017

The developer of a New York-inspired office and residential building, 38 Park Avenue at the Cebu IT Park, has reported a fast sales take-up for its residential units, with 50 percent sold since the project’s launch late last year. This, said EL Camino Developers Cebu Inc., has prompted it to explore more growth opportunities to take advantage of the real estate sector’s momentum. “We are exploring other avenues and at the same time we are looking at the present land banks of our partners,” said El Camino President Jose Soberano III. He, however, declined to disclose details of the next project, except to say it will depend on the location, timing, and opportunities. He added the group will not have difficulty looking for properties to develop, as each partner has its own real estate developments. “We have our own land banks. When we feel that it is ripe and this can be considered as another El Camino project, we will explore that possibility,” said Soberano, also chairman of the listed-firm Cebu Landmasters Inc. Optimism El Camino is a consortium of five homegrown companies: Cebu Landmasters Inc., Acrissor Development Corp., 12 Sika Holdings Corp., RKD Property Holdings Inc., and Gothong Southern. Last Thursday, the group began the construction of the first phase of 38 Park Avenue, a project that sits on a 1.17-hectare property in the Cebu IT Park. Read more

 

 

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