Mandaue’s Business District Rising

https://i2.wp.com/www.ceburealestate.com.ph/wp-content/uploads/2015/10/Mandani-Bay-Master-Plan.jpg?fit=2593%2C1654
With the construction boom happening in Cebu, Mandaue City is keeping pace with its neighboring cities with regard to the property developments, which have and will continue to change the landscape of this highly urbanized city that is considered the gateway to the north and south of Cebu and Lapu-Lapu City.

This developed as private lot owners in the nearly 200 hectares of Mandaue’s North Reclamation Area have recently built and started to build property projects in their idle lots, which is being readied by the local government to be the city’s central business district.

Mario Ocleasa, Mandaue City planning and development officer (MCPDO), said the local government has identified the area as a Planned Units of Development (PUD) Zone under its new Comprehensive Land Use Plan (CLUP).

Ocleasa said the whole block is up for civic and trade center development, which means it will be treated as a central business district.

The private owners’ move to unlock their lots for developments in the area has also excited business leaders in Mandaue as they see more economic opportunities centered on the prime lots at the North Reclamation Area.

Glenn Soco, Mandaue Chamber of Commerce and Industry (MCCI) president, said the landscape in the city would change in the next five or so years given the developments happening in the area.

“We feel very optimistic. Private owners are starting to unlock their idle lands and properties. This will mean new businesses, new jobs and additional revenues for the city,” Soco told Cebu Daily News.

Centro, Subangdaku

Mandaue’s North Reclamation Area spans 190.687 hectares and covers Barangays Centro and Subangdaku, its starting point being the Mahiga Creek and its end point being the Mandaue City Hospital.

In 2006, the North Reclamation Area became the “new center of the metropolis” after the Cebu International Convention Center (CICC) was built there in time for the hosting of the 12th Asean Summit.

Today, the area is home to several establishments including malls, hotels, schools, hospitals, fast-food restaurants and headquarters of car dealerships.

These include the Chong Hua Mandaue and Cancer Center and University of Cebu Medical Center, Parkmall and Big Hotel Cebu.

Two developments

The urban landscape of the area will also see the rise of two major multibillion-peso mixed-use developments — Gatewalk Central in Barangay Subangdaku (the Aboitiz Soccer Field) with 17.2 hectares, a joint venture of Ayala and Aboitiz; and Mandani Bay, a 20-hectare project in the city’s south point, which is a joint project of Hongkong Land and Taft Property Ventures.

Mandani Bay

In its website, Hongkong Land said Mandani Bay would be primarily residential with retail and office components, combined to form a master-planned urban community. The key features of the project are its strategic location and extensive water frontage.

Phase one will be composed of two blocks with approximately 1,200 condominium units and is slated for completion in 2020.

The joint venture project of Ayala and Aboitiz, meanwhile, will feature office buildings, residential areas, parks and retail stores including an Ayala mall.

Mandaue’s North Reclamation Area is also the answer to the problem of the scarcity of land to develop in the the city.

Constraint

Donato Busa, MCCI immediate past president, said land has been a constraint for business to grow in the city as there is none to speak of anymore.

“But with the reclamation, this will be mitigated. As to business, they’re focusing on high-value, high-technology innovations,” Busa said.

Busa added that business in Mandaue would be buoyed by investments at the North Reclamation Area and hoped the city would continue to be successful.

How it started

Former MCPDO Florentino Nimor, who now heads the Cebu Provincial Planning and Development Office, said that the reclamation project was a brainchild of the late former Mandaue City Mayor Demetrio Cortes Sr., the father of Rep. Jonas Cortes (Cebu sixth district).

However, Nimor said it was former Mandaue City Mayor Alfredo “Pedong” Ouano who was able to implement Cortes’ plans during his first term in the early 1990s.

Cortes served from 1964 to 1986 while Ouano served from 1988 to 1998.

While it is also called the North Reclamation Area, Nimor said it should not be confused with Cebu City’s side, which was a project undertaken by former Cebu City Mayor and Cebu Gov. Segio “Serging” Osmeña Jr.

Challenges

But Philip Tan, one of MCCI’s other past presidents, said that the growth of the city is already a given.

“Mandaue City is perceived to be a friendly city when it comes to investments. There are no issues among local officials. The mayor and council are one in the interest of investors,” said Tan.

However, he said that with these developments come urban issues such as road congestion, which is already evident in the city, and problems on drainage and solid waste management.

“If our infrastructure will not grow as fast as our investments, our city will become chaotic,” he said.

By: Victor Anthony V. Silva | Cebu Daily News | March 17, 2017

House in Mandaue For Sale, Mandani Bay, Mandaue Gatewalk, Mandaue House For Sale, Mandaue Real Estate, Real Estate in Mandaue
http://wp.me/p49biY-Sv

Smart Things to Know About Philippine Real Estate

https://i1.wp.com/www.ceburealestate.com.ph/wp-content/uploads/2015/09/Rockwell-Land.jpg?fit=640%2C480
Recently, the Philippines’ Gross Domestic Product (GDP) growth for the third quarter of 2014 was released. Coming in at 5.3%, it was 1.1 percentage points (pps) lower than the previous quarter’s growth rate. What does this mean for a regular person like you?

First of all, there is no need to fret. As Finance Secretary Cesar V. Purisima pointed out, the 5.3% growth rate is still much higher than the other economies in Asia, and marks the 11-quarter growth streak of the Philippines – a good trajectory.

A key factor behind this growth is Philippine real estate. Performing dual roles of driver and indicator, real estate, a.k.a. the private construction sector, contributed 1.1 pps to third-quarter GDP growth. However, this industry, as well as the other growth drivers like net exports, was offset by the contraction of the agricultural sector.

So no doubt, the Philippine property market remains robust. Is this something to expect again in the first quarter of 2015, after we take into consideration the Christmas remittances from OFWs? While it remains to be seen, we can certainly be optimistic.

Here are some facts that might help convince you that Philippine real estate continues to be a key investment for you and an important driver of the Philippine economy:

Rappler.com | January 20, 2015

Philippine Real Estate, Philippine Real Estate Investing, Real Estate Philippines
http://wp.me/p49biY-Sf

Townhouse in Talisay For Sale

https://i2.wp.com/www.ceburealestate.com.ph/wp-content/uploads/2017/03/Talisay-View-Homes.jpg?fit=640%2C350
Floor Area: 61.53 sqm
Lot Area: 42 – 50 sqm
Price Range: ​Php 2,800,000 – Php 4,200,000

Townhouse For Sale in Talisay

Location: Brgy. Maghaway, Talisay City Cebu

  • 1.6km away from the National Road
  • 10mins away from Star Mall, Gaisano South and Gaisano Fiesta Mall Talisay
  • 15mins away from SM Seaside & Il Corso
  • Mountain/Overlooking view of SRP and Mactan Island

Townhouse For Sale in Talisay

House Features:

  • 3 Bedrooms at 2nd floor
  • Separate toilet and bath at 2nd floor
  • 1 powder room at ground floor
  • Maid’s Quarter with own toilet and bath
  • 1-2 car garage (good for SUV)
  • Individual Water Tank
  • Balcony at Master’s Bedroom with unobstructed view
  • Individual Aerobic Septic Tank System

Subdivision Amenities

  • Underground electric, telephone and water line
  • Highly durable stainless steel gate
  • 5-meter common road
  • 25% Open Space
  • Solar powered street lights
  • High Concrete Fence
  • Master planned drainage system
  • Entrance gate with guard house

Townhouse For Sale in Talisay

Payment Terms:

  • Reservation Fee: PhP 30,000.00
  • Spot Cash – 5% discount
  • Spot 20% Downpayment –  7% discount on the 20% downpayment
  • Downpayment:
    • 20% payable in 24 months
    • 80% remaining balance payable thru Bank Financing

Target Delivery: 2019

Name(required)

Email

Message

http://wp.me/P49biY-Sc

Talisay Townhouse For Sale

https://i2.wp.com/www.ceburealestate.com.ph/wp-content/uploads/2017/03/Talisay-View-Homes.jpg?fit=640%2C350
Floor Area: 61.53 sqm
Lot Area: 42 – 50 sqm
Price Range: ​Php 2,800,000 – Php 4,200,000

Location: Brgy. Maghaway, Talisay City Cebu

  • 1.6km away from the National Road
  • 10mins away from Star Mall, Gaisano South and Gaisano Fiesta Mall Talisay
  • 15mins away from SM Seaside & Il Corso
  • Mountain/Overlooking view of SRP and Mactan Island

House Features:

  • 3 Bedrooms at 2nd floor
  • Separate toilet and bath at 2nd floor
  • 1 powder room at ground floor
  • Maid’s Quarter with own toilet and bath
  • 1-2 car garage (good for SUV)
  • Individual Water Tank
  • Balcony at Master’s Bedroom with unobstructed view
  • Individual Aerobic Septic Tank System

Subdivision Amenities

  • Underground electric, telephone and water line
  • Highly durable stainless steel gate
  • 5-meter common road
  • 25% Open Space
  • Solar powered street lights
  • High Concrete Fence
  • Master planned drainage system
  • Entrance gate with guard house

Payment Terms:

  • Reservation Fee: PhP 30,000.00
  • Spot Cash – 5% discount
  • Spot 20% Downpayment –  7% discount on the 20% downpayment
  • Downpayment:
    • 20% payable in 24 months
    • 80% remaining balance payable thru Bank Financing

Target Delivery: 2019

http://www.ceburealestate.com.ph/properties/talisay-townhouse-for-sale/

Philippine Real Estate Sector: ‘Busy as a Bee’

https://i2.wp.com/www.ceburealestate.com.ph/wp-content/uploads/2017/02/Cebu-Construction.jpg?fit=1712%2C1067
This is how foreign tourists aptly describe construction activities in and around the Philippine metropolis today, and rightly so.

Although the Philippine Stock Exchange (PSE) property index at the moment does not reflect such optimism—down by 23.16 percent  to 3,252.66 (as of March 14, 2017)—bullish bias in the Philippine real estate industry remains in the long term.

Stocks rise and fall depending on so many factors, but what is keeping the industry’s resilience is the strong demand for a piece of property both vertically and horizontally.

But if you’re in the stock market, confidence both in the near and long term stays. Its index—which has been moving sideways for the past month or so—is composed of 15 property stocks. Ayala Land Inc. (ALI) with 36.19 percent weight on it is considered the most significant. Next is SM Prime Holdings Inc. with 17.58 percent. Analysts believe that, technically, while the index could be making a downturn triangle chart pattern, a breakout looms, considering that all gauges are pointing up.

In an interview I did for Forbes Magazine sometime back, SM President Harley T. Sy said the country’s real-estate industry has “so much to hope for.” SM’s capability to deliver in spite of domestic and global challenges is due to what he calls “the positive results regularly turned in by our core businesses. We intend to maintain this healthy level of performance; thus, we are committed to challenge ourselves further and to continue seeking opportunities for added growth and expansion.”

Consider this: Last November the 11-month foreign direct investment of $6.973 billion already exceeded the $6.7 billion updated 2016 goal set by the Bangko Sentral ng Pilipinas, even as the government tries to reach a $7-billion FDI this year. Among the equity capital inflows recorded last year were those contributed by the arts, entertainment and recreation; construction activities; financial and insurance; manufacturing; and, most notably, Philippine real estate.

Industry players have used these indicators as their bases for predicting that the country’s real-estate industry will continue to fly this year. They see the ever-changing real- estate tastes of Filipinos with most prospective buyers experiencing increases in their purchasing powers.

Developers tailor their project ideas to fit the needs and wants of their customers by offering them world-class advances in real estate.

If every Filipino who toil overseas saves for the future home of their respective families, an upsurge in demand for middle-income housing is forecasted, particularly in the expanses of Central Luzon, Calabarzon, Western and Central Visayas, where 48 percent of the country’s overseas Filipino workers (OFWs) reside.

We’re not even talking here of the 10 percent of the assessed 10.2 million Filipinos now employed and residing overseas.  Another positive indicator is the sustained rise in the quantity of possible patrons, with 2 million Filipinos departing for greener pastures overseas yearly.

A strong demand for condominiums planned as forays into the rental market will continue due to the fact that business absorption is still centered in Metro Manila. Traffic is a major factor, too, inspiring workers to rent units within their places of work, preferably in the country’s central business districts.

The government is also currently engaged in teaching OFWs how and where to invest their hard-earned cash. They mostly favor assets, which passively generate for them decent dividends. These are in real estate, particularly condominiums and condotels.

 For comments and suggestions, e-mail me at mvala.v@gmail.com

By Val A. Villanueva | Business Mirror | March 15, 2017

Philippine Real Estate, Real Estate in the Philippines, Real Estate Philippines
http://wp.me/p49biY-S3

Luxurious Resort Residence Rises in Cebu

https://i2.wp.com/www.ceburealestate.com.ph/wp-content/uploads/2017/03/cebu-sheraton.jpg?fit=680%2C454
A new luxurious residential community aims to set the bar for resort living in Cebu. The Residences at The Sheraton Cebu Mactan Resort, a project of AppleOne Properties Inc., will be part of a 3.8-hectare beachfront development.

The Residences is a 22-story building that will have 190 residential units.

Around the building are 36 “courtyard pool residences.” Apartments at the building will have panoramic windows overlooking Hilutungan Channel, Magellan Bay.

All units will include a refrigerator, air-conditioner, induction cooktop and range hood, oven, built-in cabinets, and washer and dryer.

“There are no more than six units per wing, for privacy and exclusivity,” said Cyndy Tan Jarabata, president of Tajara Leisure and Hospitality, marketing consultant of AppleOne Properties. “Proper show kitchen, by Smeg, comes with the unit.”

Modern interiors with clean lines incorporate materials such as marble, rattan, plush fabrics, natural stone, and wood.

“It feels like a suite,” Jarabata said. “You can even call for room service or cleaning. When everything is mobile, that means service is available 24/7. What we offer is ease of living.”

The Courtyard Pool Residences, for example, will each come with a private swimming pool.

“It’s about bringing the Sheraton hotel lifestyle into your residence,” said Alexandra Yao, head of residential development-Asia Pacific, Starwood Hotels and Resorts. “This is a growing trend—luxury and residences—but what will set it apart are the hotel services.”

Lounge

There will be a Resident’s Lounge, multipurpose function rooms, high-speed internet, steam rooms, state-of-the-art fitness center and yoga room, exclusive courtyard garden, male and female steam rooms, kids’ room, access to a private beach club, four dedicated residential-tower passenger elevators, dedicated parking, mailbox area, and a pool lounge.

Residents can also avail of services from Sheraton Cebu Mactan Resort, such as the Shine Spa for Sheraton, Sheraton Fitness, hotel dining places, and even catering.

“This is where we bring in the care concept, our F&B pairings with the Residences,” Yao said.

Ray Go Manigsaca, president of AppleOne Properties, said the development wanted to satisfy a need.

“This is the right time for this project,” he said. “Filipinos and foreigners are seeking options for homes in tropical locations like Cebu in the Philippines. The Residences at Sheraton Cebu Mactan paves the way for an elevated lifestyle resort living where residents can enjoy staycations all year-round.”

The Residences at The Sheraton Cebu Mactan Resort will be the first Sheraton-branded residence in Southeast Asia, said Yao.

“We are very excited to bring a new, innovative way of living to the residents by offering them The Sheraton lifestyle to their lifestyle,” said Yao. “Residents will be attended to by a dedicated Sheraton staff and have private access to the amenities specifically designed for them.”

Sheraton Cebu Mactan Resort is set to open in 2019, while The Residences at The Sheraton Cebu Mactan Resort will open in 2020.

By: Anne A. Jambora | Philippine Daily Inquirer | March 11, 2017

Cebu Sheraton, Sheraton Cebu, Sheraton Cebu Mactan Resor, Sheraton Residences Cebu
http://wp.me/p49biY-S0

Alveo Bullish on 2017 Prospects

https://i1.wp.com/www.ceburealestate.com.ph/wp-content/uploads/2015/09/Solinea.jpg?fit=857%2C713
To celebrate its 15th year in the property development  business, Ayala Land subsidiary, Alveo last week announced its new developments in Alabang, Cavite, Bulacan, and Cagayan de Oro, as well as plans to strengthen its presence in major growth centers  nationwide.

Jennylle S. Tupaz, Alveo Land president told media in a briefing at its Bonifacio Global City (BGC)  headquarters that sales take-up in 2016 reached P38 billion, with nine projects worth P22B offered as fresh inventory, consisting of residential lots and condominium units launched in Pampanga, Makati, Taguig, Laguna, Cavite, and Davao.

“We have been generating personal bests in the first two months of the year. And with all the planned launches, 2017 will be a record-breaking year for the company,” promised Tupaz.

She added that the company is confident about reaching its targets, especially with strong investor confidence and steady economic growth in the country.

Sticking to compelling formats

“We value the strength of being an integral part of mixed- use communities, a position that is hard to match in terms of providing holistic lifestyles,” she said. “We will be launching more compelling formats in the future.”

Alveo has a strong presence in most of Ayala Land’s masterplanned estates, including Circuit Makati, BGC, Nuvali, Vertis North, Arca South and Vermosa.

Its office-for- sale projects have also been quite successful, with recent offerings such as Park Triangle Corporate Plaza and Alveo Park Triangle Tower in BGC, The Stiles Enterprise Plaza in Circuit Makati, and Alveo Financial Tower along Ayala Avenue.

Manila Standard | March 10, 2017

Alveo Solinea Cebu, Cebu Alveo, Cebu Solinea Parc, Solinea Parc, Solinea Parc Cebu, Solinea Park
http://wp.me/p49biY-RY

Cebu Real Estate Properties in the Philippines

%d bloggers like this: