Thursday, July 30, 2015

Another milestone for Lancaster New City was set in order to provide families living inside the development more time for family bonding!

Everyone was very much excited as the Soft Launch of the Lancaster New City Tap N' Ride Transport System Metrolink Buses was held last July 18, 2015, wherein four (4) Metrolink Buses were made ready for the exclusive use of the Lancaster residents and their guests. The Metrolink Buses made use of E-Tap cards and brought resident passengers and their guests from Lancaster New City to Coastal Mall and vice versa.

In a continous effort to improve the Lancaster New city Tap N' Ride Transport System, the entire team and management will be studying and adjusting the bus schedules depending on the requirements of the residents during the entire soft launch.
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Friday, July 24, 2015

Relatively new in the healthcare industry, listed property giant Ayala Land Inc. (ALI) is on track to rollout 10 hospitals across the country until 2019 as part of the first wave of its hospital venture that started more than a year ago.
Ayala Land chief finance officer Jaime Ysmael said in an interview that the company is still “in line with the plan” regarding its hospital venture.


“We intend to roll out 10… So the rollout program for hospitals is on track,” Ysmael said.
In order to build these 10 hospitals, the company will invest as much as P5 billion.
According to Ysmael, the hospital that the company is building in its mixed-use development in Laguna is now under construction as well as the other one in Arca South, which is an industrial estate owned by the company located at East Service Road, South Luzon Expressway, Taguig.
ALI is also going to build one in Cloverleaf, Balintawak.
The real estate company is in partnership with Whiteknight Holdings Inc. of the Mercado family for this healthcare venture.
ALI’s partnership with the Mercado group involves development of medical facilities under two formats, the clinic type of development inside the malls and stand-alone hospitals.
Each new hospital, which requires an investment of around P500 million, that will be built will have a capacity of 100 to 150 beds, while the satellite clinic format will cost around P20 to P30 million to build.
It was in February 2014 when ALI first announced its plans to build 10 new hospitals that should have combined amount of 1,000 beds as well as 10 clinics over a five-year span.
In January this year, ALI opened its first hospital located in Iloilo.
“We believe that healthcare is a very good compliment in the existing businesses that we have,” Ysmael said in a previous interview.
Aside from the ones in Nuvali, Laguna and Arca South, ALI will also put up a hospital in Bulacan, Bacolod, Cavite, Pampanga, Cebu, Davao, and other parts of Metro Manila. Qualimed is the flagship brand for the group’s healthcare portfolio.
As an initial offering, a QualiMed branch, which is located at the ground floor of Trinoma Mall in Quezon City, formally opened late last year.

Read more at http://www.mb.com.ph/ali-on-track-to-rollout-10-hospitals-until-2019/#w8EB6SZaGUl6Oboa.99

Sunday, July 12, 2015

MANILA, Philippines – More than 250 of the nation’s brightest leaders and talents in real estate, architecture and design gathered in Manila this evening to reward the best of the best in the property sector at the third annual Philippines Property Awards 2015.

The prestigious gala dinner and awards presentation ceremony, part of the decade-old Asia Property Awards series, was held on 9 July at the Raffles and Fairmont Hotel in Makati following a rigorous six-month entry process – which was free to enter – and comprehensive site inspection period by the esteemed and independent panel of judges, as assessed by BDO, one of the world’s biggest accounting firms.

Featuring 25 award categories covering the best developers, developments and designs in the local real estate sector, the Awards celebrated the finest current projects in the residential, commercial, office, retail, hospitality, villa and green segments in Metro Manila, Cebu and Davao.


SM Prime Holdings claimed the year’s top honour – Best Developer – beating last year’s champion Ayala Land Inc (ALI), which took home a Highly Commended accolade in the category along with fellow nominee Megaworld Corporation. With a total of nine nominations, the SM group was also declared Winner in several other categories, including Best Retail Development and Best Retail Architectural Design, both for Mega Fashion Hall (SM Mega Megamall Expansion 2) Bldg. D, through subsidiary First Asia Realty Development Corporation.
Meanwhile, the group’s SM Development Corporation (SMDC) unit dominated multiple categories, picking up the trophy for Best Landscape Architectural Design for Shell Residences – plus two highly commended certificates in the same category – the award for Best Affordable Condo Development (Metro Manila), as well as highly commended honours for another affordable condo project and a mid-range resort development.
“This Best Developer award means so much for SM group, as we are in the company of the best developers in the country,” said Jeffrey Lim, SM Prime’s executive vice-president. “Our group is committed to building integrated communities across the country with residential, commercial, retail and lifestyle components, and this honour is a testament of our engagement to the property industry.”
ALI did not come home empty-handed, taking the award for Special Recognition in CSR for its commitment to building sustainable communities in the Philippines, plus another award for Best Residential Architectural Design. Its subsidiary Alveo Land Corporation was declared two-time winner for its latest condo and residential projects in Cebu and Davao, respectively, while its Avida Land unit also received two Highly Commended certificates.
Other multiple winners of the evening included Megaworld Corporation, with double wins in the Best Luxury Development (Resort) and Best Residential Interior Design, in addition to six Highly Commended awards; Vista Land and Landscapes Inc, taking home the Best Housing Development (Metro Manila) and Best Housing Development (Philippines) trophies; WJGlobal Inc, picking up two awards for Best Hotel Development and Best Hotel Architectural Design; Robinsons Land Corporation, taking the accolades for Best Mid-range Condo Development (Metro Manila) and Best Condo Development (Philippines) for the The Sapphire Bloc; and BDO Unibank, picking up the Best Office Development, Best Office Architectural Design and Best Commercial Development (Philippines) awards for its new BDO Corporate Tower Ortigas project.
“Our highly-qualified central panel of judges have worked hard to ensure that we have the highest quality Winners across all categories from all deserving developers and projects that showcase the best of the best in the country’s real estate sector,” said Terry Blackburn, CEO of Ensign Media and publisher of Asia’s industry leading Property Report magazine.
“This year’s batch of winners, from Manila to Cebu and Davao, truly represents what the local real estate scene can offer,” he added. “The country’s property market continues to go from strength to strength, as demonstrated by the robust growth in the commercial, retail, office and mixed-use sectors, as well as putting the spotlight on secondary cities and resort destinations across the archipelago.”
Led by three-time chairwoman, Cyndy Tan Jarabata, president of TAJARA Leisure & Hospitality Group Inc, this year’s highly qualified judges panel also comprised the Philippines’ top real estate and design experts, including Lindsay J. Orr, chief operating officer of Jones Lang LaSalle Philippines; Architect William V. Consuella, principal, W.V. Consuella & Associates; Abelardo M. Tolentino Jr., president and CEO, Aidea Philippines Inc; Rommel M. Leuterio, group president, Property Management & Development Group/ICCP Group; Jaime A. Cura, Ph.D., vice-chairman, RGV Group of Companies; and Jose Oscar O. Salvacion, president, Design Coordinates Inc/Construction Project Managers.

“The judges panel consists of esteemed leaders of their profession and experts in their respective industries. It was a pleasure working with them as we oversaw a significantly changing landscape over three years and the continuous growth of the property market in the Philippines,” Jarabata said.
“For developers to continuously succeed, they have to incorporate smart technology not only because it is what the consumer wants, but it’s the right path to progress,” she continued. “When you live in the Philippines where there is an average of 20 typhoons a year, the environment and natural disasters take on a major consideration in any development…. The Philippines Property Awards has provided a respected platform to both major and niche developers to set new benchmarks in development and design, that enhances quality and living spaces, harmonising with environment and creating value for the consumer.”

Top winners in the Philippines will then go on to compete on the regional stage at the Asia Property Awards grand finals on Wednesday, 21 October, at the fifth annual South East Asia Property Awards 2015 to be held at the prestigious Shangri-La Hotel Singapore, which takes place immediately right after the first-ever Property Report Congress, a high-level forum for the region’s real estate leaders.
In addition to the 25 award categories, the Philippines Real Estate Personality of the Year – the only award not chosen by the judging panel – was given to Ramon Fernando D. Rufino, executive vice-president of premium office developer The Net Group. A young and dynamic figure with valuable contributions to the advancement of green building and sustainable architecture, Rufino was selected by the editors of Property Report, the region’s leading luxury real estate publication, for his achievements as chairman of the Philippine Green Building Council (PHILGBC), which was recently recognised by the World Green Building Council as an emerging member.

“I hope this award brings added visibility to the efforts of PHILGBC so we can receive even greater support and participation from the real estate industry,” Rufino commented, sharing his vision for the country’s thriving real estate industry. “The awareness and desire for sustainability is already strong, but we really need to improve on the level of commitment and action. There are so many areas to work on but our top priority is for more and more companies and projects to secure green building certification.”

With an opening speech by Noel Carino, president of CREBA (Chamber of Real Estate and Builders’ Associations Inc.), the annual event was hosted by David Celdran and presented by Property Report magazine, and was co-sponsored by gold sponsors Kohler and Uratex Premium Mattresses, silver sponsor TEKA, supporting association CREBA, and Sanpellegrino, the Official Supplier of the Asia Property Awards 2015.


Source: Inquirer.net

Saturday, July 11, 2015

What went up, and what went down in the property sector? Inquirer Property sums up the first five months of 2015 of the Philippine property sector:

1 Continuous growth amid Asean integration. The country’s property sector showed continuous growth in the first five months, mainly due to a favorable business climate, low inflation, robust performance of the business process outsourcing (BPO) sector, and continuous remittances from overseas Filipinos which have boosted the residential, retail, office, industrial and hospitality sectors. The supply and demand of these segments remained positive, especially with the upcoming Asean (Association of Southeast Asian Nations) integration,” said CB Richard Ellis (CBRE) Philippines.
2 BPO fuels residential, office segments. Enrique M. Soriano III, Ateneo program director for real estate and senior adviser for Wong+Bernstein Business Advisory, said that “from all indications, the growth was fueled in large part by the strong showing of the BPO sector.” He added that “the increasing demand has also given birth to the preselling of office spaces at the Bonifacio Global City in Taguig and accelerated the construction timelines of new offices and mixed used developments.”

Claro dG. Cordero Jr., head of research, consulting and valuation of Jones Lang LaSalle Philippines Inc., said: “The continued expansion of companies within the business process outsourcing/offshoring and outsourcing continued to drive takeup of office spaces in the first five months of 2015. Grade ‘A’ office rents have also gone up by 1 percent in the first three months of 2015. Despite the number of newly completed developments, the combined markets of luxury and high mid-end residential condominium market posted a decline in vacancy rates in the first three months of 2015. Average rental rates in shopping mall complexes also exhibited moderate increase in 1Q 2015, while vacancy rates similarly went down.”

CBRE Philippines observed that “the expansion of the BPO industry also stimulated activity in the residential sector, aside from remittances from OFWs.”

The office segment has also gone up due to BPO activities. “With the Philippines being ranked as having the second top BPO cities in the world, the strong demand from the BPO sector is spicing up the office segment,” said CBRE.

3 Healthy numbers in the retail, hospitality sectors. “The retail and hospitality sectors, on the other hand, are also mostly driven by a good flow of remittances that fuel consumer spending and the tourism sector,” said CBRE.

4 Industrial sector going global. “The expansion of foreign manufacturing firms in the country was the main driver for the industrial sector, as more international companies are moving their facilities in the Philippines,” said CBRE.

5 Upbeat market with major players showing double-digit growth. Soriano said: “The market was surprisingly upbeat in the first half of 2015 for the Philippine property sector. Despite the concerns I raised about a possible oversupply in some asset classes this year, and the waning appetite of foreign investors, the sector has defied expectations as the growth curve continues its growth momentum.”
He added, “The other upside is that most of the major players registered double-digit growth.”
Source: Inquirer.net

Wednesday, July 8, 2015

AFTER bagging the Cavite Laguna Expressway (Calax) public-private partnership project, the Metro Pacific Group led by businessman Manny V. Pangilinan is ready to sign the contract for the 45-kilometer toll road project that will connect the provinces of Cavite and Laguna.



MPCALA Holdings Inc., led by Metro Pacific Tollways Development Corp. (MPTDC), said they have five days from receipt of the notice of compliance to sign the contract.
“We are ready to sign,” MPTDC president Ramon Fernandez said in a text message.
A Department of Public Works and Highways (DPWH) official confirmed that the notice of compliance has been sent to MPCALA on June 30 and that the company received it on July 5.
Ariel Angeles, officer-in-charge and director of the public-private partnership (PPP) service of the DPWH, said that under Build-Operate-Transfer Law, “they have five days to sign the contract upon the receipt of the notice and pay the 20 percent of the concession fees. So they have until Friday or Saturday to sign the contract and pay P5.46 billion.”
MPTDC offered the highest bid of P27.3 billion for the Calax project, besting by about P5 billion the rival bid of San Miguel Holdings Corp. (SMHC), which submitted a premium bid of P22.2 billion.
The premium bids come on top of the toll road’s estimated cost of P35.4 billion. In last month’s bidding—the second for the project after last year’s bidding failed—the government set a P20.1 billion floor premium bid for Calax.
DPWH Undersecretary Rafael Yabut earlier said, “It’s one big revenue for the government.
Proceeds will go to the national treasury. The initial toll rate was based on the study. Base is P4.65 per kilometer. It is at par with other toll roads. It seems everything worked perfectly well.”
He added: “This is the biggest single revenue premium that a government agency has generated. Any road development always spurs development, entire community development.”
Jose Ma. Lim, president and chief executive officer of MPIC, said “We have been observing the population growth in both Cavite and Laguna and we believe it is higher than the national average, about 50 percent higher than the average. There are about 3 million people in Cavite and 2 million in Laguna.”
MPCALA Holdings is a subsidiary of Metro Pacific Investments Corp. (MPIC).
The Calax project will start from the Cavite Expressway (Cavitex) in Kawit, Cavite and end at the Mamplasan interchange of the South Luzon Expressway (SLEX) in Binan, Laguna.
MPTDC said that in line with this project, the company is hoping they will grow a little faster than the industry.
“Right now the industry is 330 km and we have about 61 percent of the industry. The industry will grow [and] our hope is we will grow a little faster than the industry. That’s our hope,” Fernand
Source: Manila Times

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