Mandani Bay Rising in the Pacific
CEBU is the new cradle of the service industry where Business Process Outsourcing (BPO) stands out. Big companies with gallant portfolios have been coming in to the Queen City of the South to expand their businesses.

The thriving BPO industry has in turn boosted the growth of real estate. The demand is high for both residential and commercial spaces, with the BPO industry considered as the biggest market source. In the last five years, Cebu’s real estate market has averaged 21% in annual growth, making it apparent that the region has become an investment hotspot.

Tapping into Cebu’s impressive economic performance, Asia’s leading property developer Hongkong Land and local real estate visionary Taft Properties have partnered to develop a game-changing master-planned township called Mandani Bay. It is the most expansive and thoughtfully conceived real estate project in recent years, envisioned to transform Cebu into a world-class lifestyle destination, very much like Australia’s Sydney Harbour, Hong Kong’s Victoria Harbour, and Singapore’s Marina Bay.

With an overwhelming market response, Mandani Bay leads the charge in changing the landscape of real estate in the country. This roaring performance proves just how adaptable Cebu is in urban transformations. Mandani Bay is a unique concept, a mixed-use development sprawled along the Mactan Channel that blends distinctive residential configurations with premium office spaces and retail offerings, resulting in an entire new cosmopolitan lifestyle that is projected to usher in even more investors in the coming years.

Cebu has climbed to 7th in Tholons’ Top 100 IT/BPO investment destinations in the world, a notch higher from last year’s 8th. This consistent rise will only increase the demand for Grade A real estate, one that Mandani Bay has shown to be most viable at a time when the people are embracing a lifestyle transformation of world-class levels. Cebu is indeed the Queen City of the South, and it is steadily rising as an economic powerhouse in the Pacific. /PR

Cebu Daily News | January 16, 2017

Cebu Mandani Bay, Mandani Bay Cebu

32 Sanson Brings Famed ‘Rockwell Lifestyle’ to Cebu

32 Sanson is Rockwell Land Corp.’s first development outside Metro Manila.

A strong local demand continues to fuel the healthy growth of the Cebu residential property market. And the proof is in the numbers.

Latest data from Colliers International Philippines showed that the take up of residential condominium projects in the province rose by 26 percent to about 1,300 units in the third quarter of 2016, from about 1,030 units a year ago.

According to the property consultancy firm, this stronger take up can be attributed to robust international sales of recently-launched projects, while the favorable overall demand from locals can be due to increasing household incomes among families of overseas Filipino workers (OFWs).

Other factors that boosted this stronger take-up include low interest rates; flexible and affordable payment schemes offered by banks and developers; improved accessibility to residential projects especially those inside township projects; and a generally robust macroeconomic environment.
32 Sanson is currently Cebu’s most exclusive garden community that boasts 70 percent open space.

32 Sanson is currently Cebu’s most exclusive garden community that boasts 70 percent open space.

In Cebu City alone, there is a continuing demand for larger condominium cuts (two- to three-bedroom units), partly driven by foreigners residing in major business hubs like Cebu IT Park and Cebu Business Park.

Meanwhile, the take-up for studio and one-bedroom units is fueled by the demand from local and foreign investors, business process outsourcing  employees, and affluent college students from the city and neighboring towns and provinces, it added.

“Cebu City attracts a lot of students as it is the Central Visayas’ center for academic excellence. Take up in Mandaue and Lapu-Lapu cities are expected to rise over the medium-term given their status as emerging business hubs,” Colliers Philippines said.

“In the medium term, Colliers sees more luxury and leisure condominium developments in Lapu-Lapu City while affordable projects are expected to proliferate in Mandaue City,” the firm added.


Among the luxury developments that are currently benefiting from the robust residential property market in Cebu include the 32 Sanson, Rockwell Land Corp.’s first development outside Metro Manila.

This charming garden development, set amid a sprawling 3.2-hectare lot in Cebu City has already started a progressive turnover in December last year and will continue throughout the first three months of 2017.

Aside from the units, some of the amenities will also be ready by next month, allowing Cebu residents to experience the famed “Rockwell lifestyle.”

As it is, the first stores to open at 32 Sanson—Kayu Kitchen + Bar Restaurant and Marisse Patisserie—are already living up to the hype, helping ensure the customers’ satisfaction, and completing that distinct community experience.


There is also a budding retail strip along Sanson Road, which looks highly promising, as several shops are in the works—the first of which would be the furniture store, The Homemaker.

According to Rockwell, the company is well on its way in building a signature community in Cebu through 32 Sanson, with the first phase of development already 96 percent sold, while the take up for the second phase stood at about 50 percent.

This warm acceptance is because Cebuanos are now seeing a concrete development of Rockwell, the company added.

Rockwell’s 32 Sanson will have only a little over 350 units to ensure that the development will be Cebu’s most exclusive garden community. It also boasts of 70 percent open space, thus providing residents sprawling gardens, fresh air, lush landscapes, and a beautiful setting to come home to.

This dedication of open space formed part of the Rockwell signature that 32 Sanson embodies, apart from its promise of safety and security

Its pedestrian-friendly roads also make it easy to explore the verdant scenery, have a cool drink by the pool, and make use of the various amenities.

By: Amy R. Remo | Philippine Daily Inquirer | January 14, 2017

32 Sanson, 32 Sanson Cebu, Cebu Rockwell, Rockwell Cebu

Megaworld to Continue Expanding in Provinces this Year

PROPERTY giant Megaworld will continue to develop more properties in the regions this year as the company gears up for a new concept in property development.

Boracay Newcoast

Boracay Newcoast

Megaworld senior vice president Jericho Go revealed that the company’s direction this year is to further look into opportunities outside Metro Manila by expanding offerings in the existing townships and introducing a new concept in developing raw land.

Go said the concept of ‘integrated lifestyle communities’, which was introduced when the company, through its subsidiary Global-Estate Resorts, Inc. (GERI), announced Eastland Heights late last year, will further propel the company’s innovative stance in property development. This Megaworld signature concept is different from a township as it replaces the ‘work’ component into a leisure and tourism.

“When we say leisure and tourism, we mean amenities that allow our residents to enjoy living with extended amenities such as golf course or even a natural park,” explains Go.

Eastland Heights is an expansive 640-hectare property along Marcos Highway in Antipolo City that has its own iconic 36-hole golf course and country club. The hilly property offers panoramic views of the Metro Manila skyline in a refreshing, green environment.

After Eastland Heights, Megaworld and its subsidiary brands are looking into developing more ‘integrated lifestyle communities’ in other locations that they own.

“We still have remaining landbank in the provinces. We see the potential of converting these raw land with this new development concept,” says Go.

“The demand for residential spaces in our regional townships remains high. The demand for office spaces continues to grow. The demand for retail spaces, especially in the provincial growth centers, is increasing these past two to three years. We see the next five years to be very exciting in the regions,” adds Go.

Aside from the ‘integrated lifestyle community’ of Eastland Heights, Megaworld has 21 integrated urban townships all throughout the country. Twelve of these developments are located outside Metro Manila.

Five townships are in Luzon, particularly Twin Lakes near Tagaytay, which is the company’s largest tourism township that has the size of more than half of the entire Makati City; Southwoods City near the boundaries of Cavite and Laguna; Suntrust Ecotown in Tanza, Cavite, which is the company’s first industrial township; Maple Grove in General Trias, Cavite; and The Capital Town in the City of San Fernando, Pampanga.

Another six developments are in the Visayas, namely, The Mactan Newtown in Lapu-Lapu City, Cebu; Iloilo Business Park in Mandurriao, Iloilo City; Sta. Barbara Heights in Sta. Barbara, Iloilo; Boracay Newcoast in Malay, Aklan; Northill Gateway and The Upper East in Negros Occidental.

The first township in Mindanao, the Davao Park District, is now being developed in Lanang, Davao City. On the other hand, nine of its townships are in Metro Manila, namely, Eastwood City, which is known to be the country’s first cyberpark; McKinley Hill, McKinley West, Forbes Town and Uptown Bonifacio in Fort Bonifacio; Arcovia City along C-5 in Pasig City; Newport City in Pasay City; Alabang West in Las Pinas City; and the up and coming Westside City in the Entertainment City in Paranaque.

By BusinessMirror | JANUARY 12, 2017

Cebu Megaworld, Cebu Newtown, Mactan Newtown, Megaworld Cebu, Newtown Cebu, Newtown Mactan

Do Property Investors in Asia Need to Worry?

Real estate investors in the Asia Pacific may have to brace for a challenging year ahead.

Rising interest rates, low economic growth, and global political developments are seen to create “uncertainties,” among investors, according to a report by property consultancy firm Colliers International.

“The economic picture for Asia Pacific looks darker than in recent years, with lower growth, rising interest rates and political upheaval in Europe and the United States being causes for concern for real estate investors,” Colliers International said in a statement.

“No investor likes uncertainty and two unexpected results—the United Kingdom voting to leave the European Union and the election of Donald Trump as US president—have caused widespread jitters,” it said.

Rising interest rates

Colliers International noted that while institutional investors will target the region’s property in 2017, rising interest rates and low economic growth meant investors have to work harder to get a viable return.

This is why rising interest rates is a major concern.

In December last year, the US Federal Reserve raised interest rates by a quarter point. A series of rate increases is expected between 2017 and 2019.

According to Colliers, the said hike is expected to affect residential developers as project costs may likely increase with the rise in the cost of debt. A decline in purchases from speculative investors is expected as they are more sensitive to higher borrowing costs.

Citing HSBC, Colliers International said Indonesia, the Philippines and India are likely to be more shielded from the “Trump effect” given low debt and low export exposures. In contrast however, Malaysia, China, Korea, Taiwan and Thailand are seen to be affected.

“We expect yields to remain pretty flat across most markets in Asia Pacific next year, with upward pressure from rising US interest rates and downward pressure from weight of capital cancelling each other out,” said Terence Tang, managing director for Asia Capital Markets and Investment Services at Colliers International.

Positive returns

The bright spot is that growth in some Asian economies still looked good.

As such, property investors in Asia are still expected to see positive returns on the back of a relatively strong gross domestic product (GDP) growth.

In most cities, property market growth is seen to come from economic growth, via rent increases. Investors are expected to look at value-added strategies, including ground-up development in emerging markets with better growth prospects.

Tang said a GDP growth of more than 6 percent is expected in both China and India. The Philippines is expecting a similar growth, while Indonesia is tipped to rise by over 5 percent. Japan’s growth is seen sluggish.

Robust growth

The Philippine real estate sector—in contrast to the regional trend—is seen to enjoy a more robust growth this year. This was on the back of an expected sustained economic growth in the next 12 months.

According to Colliers Philippines, it expected the country’s GDP growing between 6 and 6.5 percent annually over the next three years as macroeconomic fundamentals remain sound.

In the third quarter last year, the Philippine economy grew by 7.1 percent, outpacing other emerging economies in Asia.

Also expected was the surge in manufacturing investments, which would raise demand for industrial space. Firms are urged to start developing industrial parks outside of the Cavite-Laguna-Batangas area.

In its previous report, Colliers Philippines said public construction would be a major source of growth as the government committed to ramp up infrastructure spending, while private construction was seen to continuously grow due to sustained appetite for office and retail developments.

The business process outsourcing (BPO) industry and offshore gaming are likewise seen to drive the healthy growth of the local office property market this year, it added.

According to Colliers Philippines, the infrastructure plans of the incumbent administration would likely dictate the direction of real estate developments, even beyond the term of President Duterte.

The implementation of infrastructure projects nationwide should also provide access to land that could be redeveloped into mixed commercial, residential, hotel or leisure and industrial estates.

By: Amy R. Remo | Philippine Daily Inquirer | January 14, 2017

Cebu Real Estate Investment, Philippine Real Estate

Sta. Lucia Aims to Satisfy Millennials’ Need

They form a new breed seeking to make a difference in the world.
Born and raised in an era where equality is encouraged, success is expected and financial freedom is to be achieved, millennials are fast becoming significant contributors to the local economy and are thus considered as one of the most important markets to tap and nurture.

And even the real estate developers recognize such fact that in recent years, they have been creating and delivering projects catering specifically to this financially independent market.

“The millennials are fixated or obsessed with having the three C’s—car, cash for travel, and condominium,” said Prof. Enrique Soriano III, executive director at the W+B Advisory and program director for real estate at the Ateneo Graduate School of Business.


“Purchasing a house is in every millennial’s top three wish list. They are pragmatic and results oriented and more importantly very independent. Some may refer to the drive to purchase real estate as peer pressure but it is more of the millennial’s desire to have financial freedom, living close to their workplaces and being independent,” Soriano explained.

According to Soriano, aspiring to “invest on a solid asset is also a priority for those who have stable jobs. For some, it is a statement of having the confidence to invest their savings while being branded as a global citizen.”

Over the past five years, the real estate sector has in fact seen the millennial segment outperforming the overseas Filipino workers in terms of contribution to total sales.

Catering to millennials

Last year, about 40 percent of the sales in the real estate sector were contributed by the millennial market, with the average age between 27 to 35 years old purchasing real estate primarily as an abode and as an investment.

“The millennial is now one of the largest markets ready to acquire real estate and they are among the most educated, fickle, sensitive, very enterprising, civic oriented and tech savvy among all generations. When the millennials reach a pay scale of P35,000 to 45,000 a month, they will now reframe their investment priorities and in all likelihood, will naturally opt for a real estate purchase,” Soriano explained.

One developer who’s long been aware of such an evolving market trend is trusted property developer Sta. Lucia Land Inc. (SLLI).

Being in the business of building high quality and world class developments for more than four decades, the company is well aware of the growing importance of the millennials as a market, and hence, it has been creating new projects that could meet the expectations of this young generation for the first real estate investment.

“We are well aware of what the market wants and this is why we continue to create and work on projects that are certain to meet the millennials’ needs and preferences. Over the years, we have been bridging gaps and partnering with the Filipinos in fulfilling their dreams, and this one is no different,” said SLLI president Exequiel Robles.

“Millennials deserve to be given a first major investment that they will not regret. We, at Sta. Lucia, remain committed to our promise that we will partner with every hardworking and deserving individual to help them realize their goals,” he added.

Meanwhile, here are five developments from Sta. Lucia, which could satisfy the millennials’ criteria for their first real estate investment.


Sotogrande Katipunan is one of the latest projects from Sta. Lucia Land.

Rising on one of the highest points along Katipunan Ave., the 23-storey Sotogrande is poised to be a wonder of glass, steel and stone that will provide its residents a mixed-use community.

Three storeys have been allocated for commercial and business use while another three storeys will be for basement parking. The rest will house spacious residential units with a selection of a studio, one-bedroom and two-bedroom cuts.

Among residential floors, the 4th to 16th floors have been selected to house the Sotogrande Condotel, which would comprise of a rich selection of hotel suites designed to become the “home away from home” of long-staying guests.

Among the features and amenities that will help enhance the lifestyles of Sotogrande Katipunan residents include a coffee shop, grand lobby, lap pool, kiddie pool, poolside bar, gym, function hall, and a Sky Lounge at the 23rd floor. Areas of greenery will embellish the tower allowing it to be true to its name: “Soto” being the Spanish word for “grove”, and “Grande” which means “big”.


This Sotogrande is poised to rise within the Neopolitan Business Park, a master-planned complex by Sta. Lucia Land in Quezon City. Located along Mindanao Ave. and Regalado Highway in Fairview, the Neopolitan Business Park is located conveniently at the center of a promising development in this side of the metro.

Sotogrande at Neopolitan, which is being managed by Sta. Lucia’s Hotel and Management Group, is the first hotel development in Fairview.

Orchard Towers (Manggahan, Pasig City)

Orchard Towers features four residential buildings surrounded by lush greenery that call to mind the wonders of nature. The Olive will be the first tower to rise will provide you with a private escape from the concrete jungle.

SANTORINI  (Cainta, Rizal)

Santorini Tower is the second of the five Mediterranean-inspired residential towers within the cosmopolitan complex of Sta. Lucia Residenze in Cainta, Rizal. It follows the success of Monte Carlo, the first tower in the said complex.

STRADELLA  (Cainta, Rizal)

Stradella is the second of the six mid-rise verticals at the East Bel-Air Residences, which is conveniently located at the Cainta-Pasig corridor. More specifically, this development is at the mid-point of the highly commercial Felix Ave. and near the Sta. Lucia Mall.

Stradella gives you the pleasure of a condo-hotel haven where you get the exclusively modified modern lifestyle the way you want it. Its elegant hotel suites are all American contemporary-inspired units developed to take condo living to a whole new level.

Four floors—from the upper ground to the 4th floor—comprised the so-called condotel units that will be operated as a hotel in the next 15 years.

By: Theresa S. Samaniego | Philippine Daily Inquirer | January 14, 2017

Cebu Sta Lucia, Sta Lucia Cebu

Primary Homes to Invest P6B in Central Visayas Projects
At least P6 billion will be poured into five property projects in Central Visayas starting this year until 2020.

The real estate firm, PrimaryHomes, Inc. (PHI), is investing on these projects to reinforce its vision of becoming a regional developer.

For 2017, particularly, the developer is poised to expand to Dumaguete City in Negros Oriental where it will offer a house-and-lot development that caters to young and growing families.

“Part of our vision is to be a regional developer. After Cebu, we went to Bohol, and now we are going to Dumaguete,” Ramero Espina, PHI vice president for sales and marketing, said during the opening of the company’s bigger office at SM City Cebu on Monday.

Espina said they will focus on low- and mid-cost housing in Dumaguete City to address the current needs of the area as well as to cater to the growing middle-class segment and tourism market.

The company official said PHI already has a land bank of more than 20 hectares there and that they expect to officially launch the project by the middle of 2017.

This year, Espina said PHI will also launch two mid-market subdivision projects on Panglao Island and in Baclayon in Bohol, bringing the developer’s total number of projects in the province to five.
Combined, the three projects will bring 500 additional houses to the company’s inventory.

Lapu-Lapu projects

PHI is set to introduce the 260-unit Brentwood on Mactan Island in 2017, which will be the first garden walk-up condominium in Basak, Lapu-Lapu City, Cebu.

Espina said the project, estimated to cost P400 million, will rise on a 1.3-hectare property fronting Gaisano Grand Mall and within a short distance from the Mactan Doctors Hospital, five-star beach resorts and the Mactan-Cebu International Airport (MCIA).

He said they are now on the pre-selling stage with 25 percent of the units already sold, mostly to local investors. Interest from the Japanese and Korean market to own and live in the unit has also grown, he added.

Completion is expected three years after the launching, which is the usual schedule for all PHI projects, said Espina.

Talisay plan

On top of these endeavors, PHI is also planning to bring the Courtyards concept to Talisay City in the south and is currently exploring Mandaue City in the north as another viable location.

The Courtyards development is a signature mark of PHI, infusing walk-up flats and open courtyards with manicured gardens. This type of development offers unconfined living spaces with its low-density layout.

PHI has the Courtyards at Brookridge, introduced only last year, and Courtyards at Banawa, which was launched in 2014.

Furthermore, the developer will also bring new house-and-lot projects to Talamban in Cebu City and Mactan Island within this year.

SM City sales office

On its silver year, PHI expanded its sales office in SM City Cebu to better serve its client base and showcase its growing residential inventory. The new office measures 228 square meters, double the original space located along V. Rama Avenue.

Espina said that the expansion was necessary to create a better service experience for their customers and provide a more comfortable space for partner agents to transact.

PHI’s 25 years of existence has produced over 40 developments in Cebu and neighboring provinces, including condominiums, house-and-lots and even serviced apartments, to name a few.

By: Victor Anthony V. Silva | Cebu Daily News | January 11th, 2017

Brentwood Mactan, Brentwoods Mactan, Courtyards at Brookridge, Courtyards Talisay, Mactan Brentwoods

Cebu Real Estate Properties in the Philippines

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