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Uptown Ritz

Uptown Ritz

Uptown Ritz

Uptown Ritz

PRESELLING

Every Experience, Touched by Glamour

It’s your relentless pursuit of all things glamorous that makes Uptown Ritz Residence your address of choice. Here, all the residences are suites – large, luxurious spaces designed with the kind of style and sophistication that stands out and sets you apart.

Rising in Uptown Bonifacio, a live-work-play township in Bonifacio Global City, Uptown Ritz is where unforgettable experiences begin. And it’s where you realize that your life’s finest pursuits have now found a home.

With a grand lobby on the ground floor and low-density large units occupying the residential levels, the seventh floor is dedicated to a comprehensive bi-level amenity deck. Here will be found a swimming pool complex with an in-pool lounge and wooden sundeck, bi-level gym and nursery, children’s play area, business center and lastly, multipurpose function rooms fitting for glamorous social gatherings or elite corporate events.

This interpretation of modernity is all about the glitz and glamour; it is about the exclusive. Posh living has come to Manila. Live large at Uptown Ritz, the metro’s glamorous face of luxury.

Located at a prime location that makes trips to and from the Makati and Ortigas Central Business Districts seem quick. From Uptown Ritz, you have six different access points that can take you anywhere in Metro Manila. Just a short distance from your garage is EDSA and also, C-5, the two major roads in the Metro. You also have roads that will instantly take you to NAIA 3 Terminal, Ortigas, SLEX or anywhere else for that matter.

Meanwhile, your children have numerous options when it comes to schools such as International School Manila, British School Manila, and Manila Japanese School which are all short walks away. No more long tiring trips for your loved ones.

If you’re looking to unwind,you have hip places like High Street, Serendra, Burgos Circle and The Fort Strip less than 5 minutes away. But the real beauty is Uptown Place, a 3 level modern mall that will rise just across the street from Uptown Ritz.

HIGHLIGHTS

Inspiration

  • Cosmopolitan Living

Turnover

  • June 2017

Location

  • Uptown Bonifacio
    Bonifacio Drive, Bonifacio Global City,
  • Taguig City

 

Price Range (of remaining units)

  • PHP14.2 million to PHP19.5 million

Development Facts

  • 45 storeys
  • Two- to four-bedroom units ranging from 78.8 to 182.6 square meters

 

Unique Features

  • All suites
  • Low-density residences
  • Maintenance and housekeeping services
  • Podium-level amenities

 

AMENITIES

  • 18-meter lap pool
  • Pool deck
  • Sunken lounge
  • Children’s pool
  • Outdoor shower area
  • Children’s play area
  • 2-level nursery
  • Function rooms with pre-function area
  • Fitness center

FACILITIES

Ground Floor

  • Residential lobby with reception counter and lounge area
  • Five high-speed passenger, interior finished elevators
  • One service elevator
  • Security command center for 24 hour monitoring of all building facilities
  • Centralized mail room
  • Closed-circuit (CCTV) monitoring for selected areas
  • Retail shops

Typical Residence Features

  • Entrance panel door with viewer
  • Individual electric and water meter
  • Provision for telephone and CATV lines per unit
  • Provision for hot and cold water lines per unit
  • Provision for multi-point water heater
  • Kitchen with modular under counter and overhead cabinets
  • Partial glass shower enclosure in toilet and baths
  • Ceramic planks for bedrooms
  • Ceramic tiles for living and dining areas
  • Ceramic tiles for toilet and bath and kitchen area
  • Individual mail boxes with keys
  • Individual Condominium Certificate of Title (CCT)

Building Facilities and Services

  • Automatic heat/smoke detection and fire sprinkler system for all units
  • Overhead tank and underground cistern for ample water supply
  • Standby power generator for selected areas in the residential units and common areas
  • Building administration/security office
  • Maintenance and housekeeping services

Parking

  • Multi-level basement and podium parking with drivers’ lounge

AMENITIES

FLOOR PLANS

 

 

UNIT TYPES

Two Bedroom

Uptown Ritz Two Bedroom Unit

Two bedroom units at Uptown Ritz include a master bedroom with private toilet and bath, an additional bedroom and common bathroom, a maid’s quarters with dedicated toilet, a functional kitchen and a spacious living and dining area with private balcony. Units range between 78.8 and 93.5 square meters.

Two Bedroom

Unit Features and Highlights

  • Master bedroom with its own toilet, bath and modular closet
  • Bedroom with modular closet
  • Common toilet and bath
  • Maid/Utility room with toilet
  • Kitchen and toilets with mechanical or natural ventilation
  • Four burner cook top with oven and hood
  • Split-type air conditioning unit

Unit Layouts (Two Bedroom)

Units ABFG

Units ABFG

Units CEHJ

Units CEHJ

Units DI

Units DI

Three Bedroom

Uptown Ritz Two Bedroom Unit

Three bedroom units at Uptown Ritz, spanning 108.1 square meters, are found on the 40th to 45th storeys of the building. The master bedroom includes a walk-in closet and dedicated full bathroom with bathtub. The two other bedrooms share a common bathroom. The unit also includes maid’s quarters, a functional kitchen and a spacious living and dining area.

Three Bedroom

Unit Features and Highlights

  • Master bedroom with its own toilet, bath and walk-in closet
  • Bedrooms with modular closet
  • Common toilet and bath
  • Powder room and foyer
  • Maid/Utility room with toilet
  • Kitchen and toilets with mechanical ventilation
  • Four burner cook top with oven and hood
  • Split-type air conditioning unit
Units BF

Units BF

Four Bedroom

2

Four bedroom units at Uptown Ritz span 131.3 square meters. The master bedroom includes a walk-in closet and full bathroom with bathtub. The unit includes a junior suite with its own bathroom and two additional bedrooms that share a common bathroom. The unit also includes a kitchen that is connected to the maid’s quarters with dedicated toilet, and also a foyer, attached to a spacious living and dining area.

9 Four Bedroom

Unit Features and Highlights

  • Master bedroom with its own toilet, bath and walk-in closet
  • Bedrooms with modular closet
  • Common toilet and bath
  • Powder room and foyer
  • Maid/Utility room with toilet
  • Kitchen and toilets with mechanical ventilation
  • Four burner cook top with oven and hood
  • Split-type air conditioning unit
Units CE

Units CE

Executive Four Bedroom

2

Executive four bedroom units at Uptown Ritz span 182.6 square meters. The master bedroom includes a walk-in closet and full bathroom with bathtub. The unit includes a junior suite with its own bathroom and two additional bedrooms that share a common bathroom. The unit also includes a foyer and den, attached to a spacious living and dining area. The kitchen is connected to the maid’s quarters with dedicated toilet. This unit is differentiated from the four bedroom unit by its three private balconies, attached to the master bedroom, the living area, and two of the other bedrooms.

Exec. Four Bedroom

Unit Features and Highlights

  • Master bedroom with its own toilet, bath and walk-in closet
  • Bedrooms with modular closet
  • Common toilet and bath
  • Living area, master bedroom, and one bedroom with its own balcony
  • Foyer and den with powder room
  • Maid/Utility room with toilet
  • Kitchen and toilets with mechanical ventilation
  • Four burner cook top with oven and hood
  • Split-type air conditioning unit
Units AD

Units AD

Facilities

Ground Floor

  • Residential lobby with reception counter and lounge area
  • Five high-speed passenger, interior finished elevators
  • One service elevator
  • Security command center for 24 hour monitoring of all building facilities
  • Centralized mail room
  • Closed-circuit (CCTV) monitoring for selected areas
  • Retail shops

Typical Residence Features

  • Entrance panel door with viewer
  • Individual electric and water meter
  • Provision for telephone and CATV lines per unit
  • Provision for hot and cold water lines per unit
  • Provision for multi-point water heater
  • Kitchen with modular under counter and overhead cabinets
  • Partial glass shower enclosure in toilet and baths
  • Ceramic planks for bedrooms
  • Ceramic tiles for living and dining areas
  • Ceramic tiles for toilet and bath and kitchen area
  • Individual mail boxes with keys
  • Individual Condominium Certificate of Title (CCT)

Building Facilities and Services

  • Automatic heat/smoke detection and fire sprinkler system for all units
  • Overhead tank and underground cistern for ample water supply
  • Standby power generator for selected areas in the residential units and common areas
  • Building administration/security office
  • Maintenance and housekeeping services

Parking

  • Multi-level basement and podium parking with drivers’ lounge
 

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The Venice Luxury Residences

The Venice Luxury Residences

The Venice Luxury Residences

The Venice Luxury Residences

 

READY FOR OCCUPANCY + PRESELLING

The Romance of Italy

Da Vinci had the Mona Lisa. Megaworld has The Venice.

The Venice Luxury Residences, inspired by its namesake location, incorporates Venetian architecture and landscapes, including a grand canal that flows through the township center.

The Venetian inspiration takes root in the buildings’ exterior, resembling the shape of a ferro–a gondola’s uniquely shaped iron head. Each of the seven towers is also intricately built and embraced in lush greenery. Inside, the Italian ambiance continues with a grand lobby that is complemented by high ceilings and tall curtain glass. The seven towers share a podium-level amenity area that includes landscaped gardens, swimming pool complex, sauna and jacuzzi and fitness station.

The world’s most romantic city, celebrated at McKinley Hill.
Fall in love with the Mediterranean lifestyle.  Fall in love with The Venice.

HIGHLIGHTS

Inspiration

  • Venetian Living

Turnover Date

  • December 2013 to June 2016

Location

  • Venezia Drive, McKinley Hill,
  • Fort Bonifacio, Taguig City

Price Range (of remaining units)

  • PHP7.1 million to PHP31.0 million

Development Facts

  • Seven towers
  • 23 to 31 storeys
  • Studio to three-bedroom units ranging from 39.3 to 152.0 square meters

Unique Features

  • Italian architectural consultant Paolo Marioni
  • Podium commercial establishments connected to the Venice Grand Canal Mall
  • Loft-type penthouse units
  • Individual balconies per unit
  • Podium-level amenities

AMENITIES

  • Swimming pool
  • Children’s pool
  • Pool deck
  • Clubhouse
  • Landscaped gardens-palm court, meditation garden, and pocket garden
  • Sculpture garden
  • Rock garden
  • Spa
  • Sauna
  • Jacuzzi
  • Massage huts
  • Multi-purpose deck
  • Fitness station
  • Tennis court
  • Badminton courts
  • Jogging path
  • Children’s playground
  • Changing rooms
  • Koi pond

FACILITIES

Ground Floor

  • Entrance lobby with reception counter and lounge area
  • Three high-speed, interior finished passenger elevators in each tower
  • Security command center for 24 hour monitoring of all building facilities

Typical Residence Features

  • Entrance panel door with viewer
  • Individual electric and water meters
  • Individual mail boxes with keys
  • Provision for telephone and CATV lined per unit
  • Provision for hot and cold water supply lines at toilet (excluding water heater)
  • Individual Condominium Certificate of Title (CCT)

Building Facilities and Services

  • Automatic heat/smoke detection and fire sprinkler system for all units
  • Overhead tank and underground cistern for ample water supply
  • Standby power generator for selected floors
  • Building administration/security office
  • Maintenance and housekeeping services
  • Centralized mail room

Parking

  • Multi-level basement parking

12

AMENITIES

1

MODEL UNIT PHOTOS

VIDEOS OF MODEL UNITS

STUDIO

THREE BEDROOM UNIT

FLOOR PLANS

UNIT LAYOUTS

Forbes Town Center Rentals

8 Forbestown Road Rental Values 2018

8FTR8 forbes


The Bellagio Towers Rental Values 2018

BELLAGIObell


Forbeswood Parklane Rental Values 2018

PARKLANEparklane


Forbeswood Heights Rental Values 2018

HEIGHTSheights2



 

Let us know what you’re looking for!

Kindly fill out the contact form provided below and we’ll get back to you soon with listings that best fit your requirements and needs.

 



 

Park McKinley West

Introducing Park McKinley West, Megaworld’s latest residential project at the McKinley West Township. Located right across McKinley Hill and just beside BGC, its strategic and convenient location can provide easy access to other Central Business Districts (CBD) within the Metro Manila and Ninoy Aquino International Airport terminal 3 (NAIA Terminal 3) via major highways and routes.

Highlights:

Building Features:

  • Mall and Retail area at the Podium
  • Modern design conceptualized by Broadway Malyan
  • 1 to 5-bedroom units available
  • 24-hour security and CCTV in common areas


Unit Types

One Bedroom Unit

Unit Features and Highlights

  • 35 sq.m. to 48.5 sq.m.
  • Bedroom with modular closet
  • Common toilet and bath
  • Kitchen and T&B with mechanical ventilation
  • Two burner cook top with range hood
  • Split type air conditioning unit

Unit Layouts

Two Bedroom Unit

Unique Features and Highlights

  • 105 sq.m. to 110.5 sq.m.
  • Master’s bedroom with toilet and bath
  • Bedrooms with modular closets
  • Common toilet and bath
  • Kitchen and T&B with mechanical and natural ventilation
  • Maid’s room with T&B
  • 4-burner cooktop with built-in oven and range hood
  • Split type air conditioning units

Unit Layouts

Three Bedroom Unit

Unit Features and Highlights

  • 118.5 sq.m.
  • Master’s bedroom with walk-in closet and toilet and bath
  • Bedrooms with modular closets
  • Common T&B
  • Kitchen and T&B with mechanical ventilation
  • Maid’s room with T&B
  • 4-burner cooktop with built-in oven and range hood
  • Split type air conditioning units

Unit Layout

PENTHOUSE UNITS

Executive One Bedroom Penthouse Unit

Unique Features and Highlights

  • 70.5 sq.m.
  • Bedroom with modular closet
  • Common toilet and bath
  • Maid’s room with T&B
  • Kitchen and T&B with mechanical ventilation
  • 2-burner cooktop with built-in oven and range hood
  • Split-type air conditioning units

Three Bedroom Penthouse Unit

Unique Features and Highlights

  • Master’s bedroom with walk-in closet
  • Master’s T&B with en-suite double vanity and bathtub
  • Bedrooms with modular closets
  • Bedrooms with own T&B
  • Powder room
  • Kitchen, T&B, and powder room with mechanical and natural ventilation
  • Maid’s room with T&B
  • 4-burner cooktop with built-in oven and range hood
  • Split-type air conditioning units

Four Bedroom Penthouse Unit

Unit Features and Highlights

  • 229 sq.m.
  • Master’s bedroom with walk-in closet
  • Master’s T&B with bath tub
  • Bedrooms with modular closets
  • Bedrooms with own T&B
  • Powder room
  • Kitchen, T&B, and powder room with mechanical and natural ventilation
  • Maid’s room with T&B
  • 4-burner cooktop with built-in oven and range hood
  • Split-type airconditioning units

Unit Layout

Five Bedroom Penthouse Unit

Unit Features and Highlights

  • 339.5 sq.m.
  • Master’s bedroom with walk-in closet
  • Master’s T&B with bathtub
  • Bedrooms with modular closets
  • Office
  • Common T&B
  • Powder room
  • Kitchen, T&B, and powder room with mechanical and natural ventilation
  • Maid’s room with T&B
  • 4-burner cooktop with built-in oven and range hood
  • Split-type airconditioning units

Unit Layout

LIMITED PROMO TERMS NOW AVAILABLE:

NO DOWNPAYMENT, LOW MONTHLY AMORTIZATION (48 months), at 0% INTEREST

SPECIAL INTRODUCTORY PRICE STILL AVAILABLE

ONE BEDROOM UNITS: As low as Php 18,000 ($ 344) per month

TWO BEDROOM UNITS: As low as Php 30,000 ($ 573) per month

THREE BEDROOM UNITS: As low as Php 60,000 ($ 1,146) per month

FOUR BEDROOM & FIVE BEDROOM PENTHOUSE UNITS: As low as Php 100,000 ($ 1,911) per month

*Cash payments get a 15% discount and big discounts are available for 50%, 30%, and 20% downpayment terms, too.*

INQUIRE NOW!

Forbeswood Heights

1

READY FOR OCCUPANCY

Come Home to Paradise

This is Forbeswood Heights Luxury Garden Residences. It is a piece of Eden created in the city of tomorrow, Bonifacio CBD. This is the home you’ve always wanted for yourself and your loved ones – with toddlers racing on the lawn, a loved one whispering in your ear on a lazy afternoon, the lush, windswept surroundings lulling you into a refreshing sense of ease. Forbeswood Heights offers a country club lifestyle that transforms living into a paradise-like experience. Leave the rest of the world behind as you embrace a life of supreme luxury.

HIGHLIGHTS

Inspiration

  • Resort Style Living

Location

  • Burgos Circle, Rizal Street, Bonifacio CBD

Turnover

  • 2006 to 2007

Development Facts

  • Six towers
  • 15 to 22 storeys
  • Studio to one-bedroom units ranging from 36.5 to 59 square meters

Unique Features

  • Mid-rise low-density residences
  • Gated entrance
  • Ground-level commercial establishments
  • Ground-level country club style amenities

AMENITIES

Club House Amenities

  • Gated entrance
  • Main entry and walkway lined with palm trees and water features
  • Swimming pool complex with in pool lounge
  • Tennis court
  • Children’s playground
  • Landscaped gardens and bird bath

FACILITIES

Ground Floor

  • Entrance lobby with reception counter
  • Two high-speed, interior finished passenger elevators for each tower
  • Security command center for 24 hour monitoring of all building facilities
  • Centralized mail room
  • Paved walkway for leased commercial spaces

Typical Residence Features

  • Entrance panel door with viewer
  • Garbage chute for each tower
  • Individual electric and water meters
  • Individual mail boxes with keys
  • Provision for cable TV
  • Provision for telephone lines per unit
  • Provision for hot and cold water supply lines (excluding water heater) for toilets
  • Individual Condominium Certificate of Title (CCT)

Building Facilities and Services

  • Automatic fire sprinkler system for all units
  • Overhead water tank and underground cistern for ample water supply
  • Standby power generator for selected common areas
  • Building administration/security office
  • Maintenance and housekeeping services
  • Car wash area for selected parking level

Parking

  • Three level basement parking

 

AMENITIES

UNIT LAYOUTS

12

Megaworld Updates

MEGAWORLD AWARDS IN THE PHILIPPINE PROPERTY AWARDS 2017

 

Bonifacio Global City Skyline

The Philippine Property Market 2018

Title: 2018 property forecast

Author: Amy R. Remo (Philippine Daily Inquirer) | Date updated: December 23, 2017

Highlights:

There is no doubt that the Philippine real estate industry can anticipate another stellar year in 2018.

But the factors that are expected to drive that promising growth will slightly differ compared to what has driven the industry in the past decade.

Such factors include a diversified office tenancy as well as the rising demand for flexible workspaces and warehousing, according to the latest report of Colliers International Philippines entitled, “Top 10 Predictions For 2018.”

Other factors that have and will help drive the strong performance for the property sector include a sustained GDP growth over the next three to five years.

“Perennial growth drivers such as household consumption remain robust while manufacturing and foreign investments’ combined contribution to aggregate economic output continues to expand,” Joey Roi Bondoc, manager for research at Colliers, said in a separate interview with the Inquirer:

“Overall, OFW (overseas Filipino worker) remittances and outsourcing revenues should sustain strong domestic demand, partly shield the Philippine economy from global economic shocks, and provide trickle-down benefits to key segments of the economy, including property,” Bondoc further explained.

Here meanwhile are the Top 10 predictions for the real estate industry according to Colliers.

1.Infrastructure-led GDP to buoy property

Much of the country’s growth will hinge on ramped-up infrastructure spending.

The ushering in of the “golden age of infrastructure” also lends support to the government’s decentralization push which should unlock land values in areas outside of Metro Manila and stimulate business activities in the countryside.

2.Metro Manila condominium leasing to remain challenging

Residential condominium leasing in Metro Manila remains challenging, driven by the influx of new condominium completions in major business districts and fringe locations.

Colliers expects developers to continue venturing into residential projects in second-tier and third-tier cities all over the country, where demand primarily comes from end-user buyers. The markets may be smaller compared to Manila but more stable in terms of end user housing demand.

3.Diversified office tenancy mix to be led by non-BPOs

Offshore gambling has filled the void left by business process outsourcing comapnies (BPOs). With the Philippine Amusement and Gaming Corp. (Pagcor) issuing 51 Philippine Offshore Gaming Operators (Pogo) licenses thus far, requirements from Pogos have sprung across Metro Manila.

We see less office launches next year following the decline in BPO companies’ office space demand. Colliers expects traditional companies taking on a bigger role in 2018 in terms of space absorption.

4.Flexible workspace to accelerate

There are over 2.15 million sq.ft. of (available) flexible office space in Metro Manila. The profile of tenants varies from start-ups, to law firms, Fortune 500 companies and freelancers.

As mobility, connectivity and flexibility become the norm in working in the 21st century, occupier demands will also change sharply, requiring more flexible office spaces over the near to medium term.

The challenge for the developers is to adapt to the demands of the market to remain competitive in this growing office segment especially as international co-working brands enter the market. Outside Metro Manila, growing hubs for flexible workspace are Iloilo, Bacolod, and Davao.

5.Growing popularity of e-commerce to drive warehousing, logistics demand

The warehousing and logistics market in Metro Manila is tight, operating at an average of 98 percent occupancy. Warehouses in the country’s capital have been dwindling as land values rise and demand for residential and commercial projects increase.

We see logistics and warehousing to be a major driver of Northern/Central Luzon economy over the medium term in light of the planned expansion of Clark airport and construction of Subic-Clark cargo railway.

Opportunities abound and are enticing developers to acquire warehousing and logistics businesses. Among the most aggressive are the SM Group and Davao-based businessman Dennis Uy of Udenna.

6.Industrial park developers head north of Luzon

Major developers are heading north of Manila. Recently, DoubleDragon acquired a 6.2-hectare lot in Luisita Industrial Park in Tarlac.

A proof of Northern and Central Luzon’s rising viability as an industrial hub is the Xu Liang Dragon Group’s commitment to develop a 3,000-ha mixed-use special economic zone in Pangasinan. Other industrial developments in Pampanga are Ayala’s 31-hectare industrial park in Alviera estate in Porac and Filinvest’s 100-hectare industrial estate in Clark Green City.

7.More townships outside Metro Manila

Colliers expects developers to continue pursuing satellite communities in and outside of Metro Manila. Townships offer a better value proposition (live-workplay-shop lifestyle) than standalone projects since they offer mixed-use developments.

We see developers pursuing more township projects in areas outside of Metro Manila such as Cavite, Laguna, Bulacan, Pampanga, Cebu, and Davao over the near to medium term as land values are being unlocked by an aggressive expansion of road networks.

8.More resort-oriented hotels across the country

We believe that the development of 3- and 4-star hotels in resort destinations will be more visible over the next two to three years. Colliers believes that among the most attractive locations for these developments are Cebu, Bacolod, Iloilo, Palawan, Davao, and Bohol.

New airport infrastructure is essential in further expanding both local and foreign tourism. Colliers believes that the expansion of international airports in major destinations such as Bohol, Bacolod, Iloilo, and Davao will allow foreign tourists to bypass Manila.

9.Continued growth of e-commerce and experiential retail

To attract more customers, we encourage malls to provide more lifestyle amenities and technology-driven customer experiences that generate a sense of destination.

Developers and retailers in the Philippines do not migrate totally to e-commerce but in fact use online shopping and social media platforms to complement their physical stores.

10.Leisure, industrial to drive Cebu property expansion

The completion of the Mactan-Cebu International Airport expansion project should further boost Cebu’s attractiveness as a tourist destination.

Cebu’s attractiveness as a tourist spot and growing competitiveness as an investment destination should support a 15 to 20 percent growth in tourist arrivals over the next 12 months. This should sustain hotel occupancy of between 65 percent and 70 percent across Metro Cebu over the next 12 months.

Demand for warehouses and container yard spaces may become more pronounced over the next 12 months.

We see industrial land values in the northern parts of Mandaue, Consolacion, and Lilo-an growing by at least a tenth annually over the next two to three years. Cebu remains as one of the most feasible industrial locations outside of Manila due to its strategic location and skilled manpower.

 

View full article HERE.


Title: Philippine property sector to grow further in 2018

Author: Rizal Raoul Reyes (Business Mirror) | Date updated: January 2, 2018

Highlights:

“Philippine real-estate market is sustaining its momentum with the country’s bullish economy, young demographics and consumption-driven market,” Santos Knight Frank (SKF) Chairman and CEO Rick Santos said in a recent news briefing held in Pasay City.

“Sound macroeconomic indicators continue to render the Philippines as one of the strongest performers among the emerging economies in Asia,” Santos added.

He also pointed out that the company remains bullish on long-term growth prospects for Manila’s real-estate market as the office, retail; residential and industrial sectors continue to expand

Manila’s office rental growth reached 4.3 percent year-on-year as vacancy rates remain at a very healthy level with 220,000 square meters (sq m) of additional office stock in the third quarter.

In the third quarter, Santos said more than 220,000 square meters of additional gross leasable area (GLA) has been added to the total office stock. Most of the new supply was already precommitted and taken up immediately. The total Prime and Grade A office supply has reached more than 4.5 million square meters.

Vacancy in Metro Manila increased to almost 5 percent in the third quarter of the year due to the large volume of additional stock introduced during the quarter.

Meanwhile, Santos said prices across residential segments have risen, with the luxury residential posting the highest at 28 percent year-on-year. More than 52,000 residential units are slated for turnover before the end of 2018. Office take-up or net absorption for the whole of 2017 is expected to reach above 600,000 sq m. He said that more than 3.7 million sq m of GLA is projected to be available in the next five years. Meanwhile, SKF expects a total of 946,782 square meters of leasable office space to be added to the current supply by 2018. Around 409,377 sq m, or about 76 percent of the total upcoming supply will be in the Bonifacio Global City (BGC). He said approvals of Philippine Economic Zone Authority projects are expected to increase following a more positive outlook in the information technology and business-process management industry in the coming periods.

Despite the global rise of e-commerce, the Philippine retail sector remains an attractive investment opportunity and is set to add 630,000 sq m in the next three years. That expansion is crucial for the industrial real-estate sector, where the need for warehousing and storage space continues to drive demand. Santos said there has strong investor activity in the residential sector buoyed by the demand for residences accessible to office, staycation and influx of tourists.

Sales of condominiums in Metro Manila was dominated by mid-end projects, which comprise about 64 percent of the total stock. This is followed by high-end, affordable and luxury projects with 24 percent, 10 percent and 2 percent, respectively.

SKF reported overall percentage sold in Metro Manila rose to 85 percent from 79 percent a year ago. Moreover, prices have increased across segments year-on-year and are now at P57,000 to P89,000 per meter for affordable (7-percent change); P78,000 to P176,000 per sq m for mid-end (6-percent change); P108,000 to P187,000 per sq m for high-end (4-percent change); and P182,000 to 350,000 per sq m for luxury (28-percent change).  “A fast-growing metropolis, Metro Manila’s property market is leading vis-à-vis many other Asian cities.  Manila today is Hong Kong or Singapore 30 years ago,” Santos pointed out.

“We’ve seen a vibrant real-estate market in 2017 driven by strong investment inflows into the country which triggers a positive ripple effect across all property sectors. We expect an even better market in 2018 as infrastructure projects go into full swing and create a more conducive business environment,” Santos said.

View full article HERE.


Title: Real Estate in the Philippines for 2018: An Industry Briefing

Author: Philip Omictin (A Medium Corporation) 

Highlights:

In real estate, two key numbers dictate the overall business direction — interest rates and consumers’ income. This was the introductory message of Mr. Vince Abejo, senior vice president and cluster head of Filinvest Land Inc., as John Clements kicked off its Industry Briefing series last January 4, 2018 at the Executive Lounge of Antel Corporate Center in Valero, Makati.

“When interest rates go down, people are more inclined to borrow from banks to buy property, thus increasing real estate sales. When people have more income, they have more spending power to buy stuff and invest in things like real estate, among others.”

The real estate/property industry had been growing well for the last 15 years. The Bangko Sentral ng Pilipinas has done a good job in managing interest rates, while the Philippine economy has maintained a rapid GDP growth, which is now at 6.9 percent. The current administration’s Build, Build, Build program also contributed to the positive outlook of the industry — more roads mean easier access to real estate, which will benefit both developers and people looking to buy property. This positive growth is reflected by the fact that revenue from residential sales, as well as recurring revenues from malls, offices, and hotels experienced a double-digit growth year-on-year.

In terms of residential property launches, most developers are focusing their efforts on areas within Metro Manila, but outside of central business districts (CBDs). Nowadays, developers are trying to build communities — they don’t just provide residential areas, they also build offices, as well as entertainment and commercial centers around these residential properties to create an autonomous area where residents can live, work, and play without the need to travel far.

Mr. Abejo enumerated five Philippine Real Estate trends. These are:

  • Economic and affordable segments drive the market — a lot of projects falling under these categories are at the fringes of Metro Manila.
  • Filipinos desire for customizability — this remains to be one of the biggest challenges for property developers in the Philippines. Higher customizability translates to higher costs, especially with the introduction of new technology to drive customization.
  • Design innovations anchored on Filipino lifestyle — this is already being done through the development of living communities mentioned earlier.
  • Personalized service drives brand loyalty — another challenge for many developers, especially in after-sales service.
  • Millennial market dealing with rapid urbanization — the challenge to create communities that will cater to the needs of this growing market, which will account for 70 percent of the workforce by the year 2030.

View full article HERE


Title: Real estate soothsayers see ‘rosy’ picture in 2018

Author: Joel Lacsamana (Manila Standard) | Date published: December 21, 2017

Highlights:

Knight Frank Philippines chairman and CEO Rick Santos said the outlook on Metro Manila’s real estate market is more optimistic next year as the government’s infrastructure projects are expected to be rolled out, improving the business environment here.

He added that higher business confidence is seen as post-ASEAN hosting effect, since the government was able to project the opportunities in investing in the country.

Likewise, infrastructure funding deals and other key agreements forged by the government and officials from other countries who attended the ASEAN Summit are also expected to drive economic opportunities in the Philippines.

This will lead to stronger demand in property market, according to Santos.

“With deeper cooperation between the Philippines and East Asian neighbors such as China and Japan, prospects for the Philippines’ property sector are stronger than ever before. Enhanced infrastructure projects and access naturally attract more institutional and private investments that, in turn, lead to accelerated countryside development and growth of secondary cities,” he said.

Strong fundamentals

The Philippines is now Asia’s new economic powerhouse on the back of its strong, stable macroeconomic fundamentals.

The country continues to have one of the fastest growing economies in the region, coupled with low inflation and interest rates, and strong remittances from overseas Filipino workers. Infrastructure spending is also on the rise, considered by many as a signal for sustained growth.

The Philippines’ investment grade ratings from notable credit rating agencies have long put the country on the radar of foreign investors, many of whom have started to set up shop here over the last several years. And with the strong investor confidence, more Filipinos today have stronger purchasing power given the access to better quality jobs.

The numbers tell the perfect story.

Metro Manila, for one, ranked third in terms of city investment prospects under the Asia Pacific City Investment Prospects 2017, which identified the Philippine region to be one of the “most attractive urban hubs for developers and yield-seeking real estate investors.”

Rental yields of residential condominiums in Manila also remained more attractive compared to the interest rates offered by other instruments, according to Colliers International Philippines. For instance, as of end February this year, Manila rental yields stood at 7 percent, higher than any of the rates offered by treasury bills and bonds, time deposit, and bank lending, Colliers said.

More importantly, data from Global Property Guide 2016 showed that the Philippines offers a higher gross residential rental yield compared to most countries in the region. At the same time, the country’s average residential prices remained competitive, way below those of Hong Kong, Japan, Singapore, India, Taiwan and Thailand.

What’s in store?

Industry observers believe the sectors which performed well in 2017 will likely see similarly  growth in 2018.

Manalac said there a number of trends and growth drivers that the industry players should watch out for as these may offer highly lucrative opportunities for further growth and expansion of their respective businesses.

He said these trends included the expansion of mixed-use developments outside Metro Manila as these are expected to offer better value proposition than the stand-alone developments; as well as the development of meetings, incentives, conventions and exhibitions (MICE) and leisure facilities.

The year 2018 may further see the expansion of alternative industrial hubs; more strategic landbanking within the vicinity of crucial infrastructure projects ; and project differentiation, among others, added Santos.

Colliers Philippines predicts  a surge in manufacturing investments and this will further raise demand for industrial space. Firms must start developing industrial parks outside of the Cavite-Laguna-Batangas area.

Public construction will be a major source of growth as the government committed to ramp up infrastructure spending.

Private construction will continuously grow due to sustained appetite for office and retail developments, while outsourcing and tourism-related activities will continue to drive the services sector.

“We anticipate the office, residential retail, and industrial sectors to grow further in terms of supply and activity, thanks to stronger regional trade and infrastructure cooperation,” he added.

For this year alone, office space take-up is expected to reach over 600,000 square meters, led by the demand in the information technology and business process outsourcing (ITBPO) sector.

For the residential sector, around 52,000 residential units are scheduled for turnover in 2018.

More than 182,300 square meters of retail space are slated for turnover by the end of the year.

The company noted that there is an increasing demand for warehouse and storage spaces, particularly in Metro Manila, Clabarzon (Cavite, Laguna, Batangas, Rizal and Quezon), and Central Visayas.

“Build, build, build”

Colliers Philippines believes  the implementation of infrastructure projects nationwide should provide access to properties that could be redeveloped into mixed commercial, residential, hotel or leisure and industrial estates.

Expect developers to be more aggressive in pursuing projects outside of Metro Manila as access will be significantly enhanced.

Millennials dictate retail spending in the country

Filipino millennials have high disposable incomes and have overtaken the baby boomers in terms of demographic size.

They are very selective in terms of products and services that they patronize. They are heavy users of “shared economy” services such as Grab, Uber, and AirBnB, and drive demand for e-commerce sites like Lazada, Zalora, SSI Online.

Developers are buildings new malls with the millennials in mind. They are starting to offer a unique tenant mix and house retailers that specifically cater to millennials.

We see developers constructing more lifestyle-oriented malls rather than retail-centric ones to differentiate themselves especially with the emergence of online shopping.

Thriving condo living to drive demand for home furnishings, accessories

Demand for home furnishings and accessories is primarily driven by an expanding middle class with incomes buoyed by BPO sector and remittances from overseas Filipino workers.

Growing local demand lures foreign brands such as Crate & Barrel, H&M Home, Pottery Barn, West Elm to set up shops. IKEA is set to enter the Philippine market.

Construction delays

At the beginning of 2017, the projected supply of new office space was close to 900,000 sqm. This has been adjusted downwards by more than 30 percent due to project delays related to the tight labor supply in the construction sector.

Top general contractors are declining to provide their company profiles to prospective clients due to a shortage of adequately skilled workers.

Construction industry pundits  believe that private construction in 2017 could’ve been more robust if not for construction delays brought about by the lack of adequately-skilled workers. The intensified development of public infrastructure projects around the country will exacerbate this problem.

Hotels and leisure segment on upswing

The emerging segment of affordable hotels is likely to drive the market given the rising number of local entrepreneurs and domestic tourists. Colliers sees local developers expanding their hotel portfolio to cater to this market.

Colliers projects hotel occupancy rates in Metro Manila stabilizing between 65 percent and 70 percent over the next 12 months.

Foreign arrivals are estimated to reach 6.5 million, and both affordable and luxury hotels stand to benefit. Unfortunately, the growth of tourism sector is still hampered by the capacity limitations of existing airports.

The entry of more foreign hotel brands such as Grand Hyatt, Okada, and Dusit’s D2 will continue in 2018. Tourism players anticipate the development of more resort hotels in tourism hubs in Visayas and Mindanao.

 

View full article HERE


Title: Lamudi Reveals What’s Shaping Philippine Real Estate for 2018

Highlights:

Mixed-Used Complexes: A Stable Trend

The surge of all segments can be owed to the fact that most of the completed or recently launched developments are mixed-used projects that offer a complete lifestyle. Inclusive with all the necessities and ingredients for comfortable living such as areas to live, work, and play, mixed-used developments appeal to most investors and buyers. This is evident as a number of townships are strategically developed not only within Metro Manila but also to key areas around the country.

Megaworld Corp., one of the pioneers in township development, believes that through these “mini-cities” we can lessen our carbon footprint. “Imagine living in a walkable community where you don’t need fuel to get to work or do your shopping; we are not just making ourselves healthy but we are also saving the environment,” shared Jericho Go, Megaworld’s First Vice-President for Business Development and Leasing.

The City of Manila, on the other hand, looks bent on joining the land reclamation bandwagon with Solar City, a proposed development to rise soon on Manila Bay. In an article published in the Manila Times, “this 148-hectare project will be designed to be green, self-sustaining, and innovative…and it will be the first of its kind in using renewable energy from solar, wind, and biomass sources.”

Other mixed-use complexes soon to rise in other parts of Metro Manila include Arca South in Taguig, Quezon City’s Triangle Park, and Aseana City in Parañaque, among others.

Demand for Office Space Deemed to Increase

Apart from the emergence of mixed-used complexes, real estate’s good performance can also be attributed to investors’ positive sentiment. According to the second quarter report of Colliers International Philippines, the demand for business process outsourcing (BPO) offices remains high, with the offshore gaming industry particularly sustaining the market. For Metro Manila alone, net take-up of office spaces totaled 190,000 square meters in the second quarter of 2017. The Manila Bay Area and Fort Bonifacio are the top locations that posted strong demand, according to the report.

JLL, on the other hand, observed positive outlook for the office segment in their Philippine Property Market Monitor released in July of this year. The global real estate consulting firm also cited emerging provincial locations, which include Naga in Camarines Sur and Puerto Princesa in Palawan. Sitel recently inaugurated its first O&O hub in Puerto Princesa, which is expected to generate 1,000 jobs in the Palawan capital. Sitel also has sites in Baguio and Tarlac. Moreover, Robinsons Land recently launched Robinsons Cybergate Naga, its newest office development in the Bicol Region.

Affordable and Mid-income Residential Projects Takes Center Stage

Developments located in the fringe areas of major business districts are also sustaining the growth of the condo market, according to the Q2 2017 report of Colliers. Growing demand for affordable and mid-income projects has prompted property developers to expand outside the traditional business districts. This trend shows that while taking advantage of the convenience of being near to CBDs, homebuyers are likewise empowered to choose competitively priced developments. Furthermore, the availability of developable land and ongoing transport infrastructure projects make these areas more attractive.

View full article HERE.

 

St. Moritz

St. Moritz Private EstateThe most exclusive address to suit the lifestyles of the country’s high society, St. Moritz Private Estate features a modern façade, scintillating amenities, and unique top-of-the-line home brand collaborations–making the premier residential estate truly a class of its own.

Inspiration for St. Moritz comes from its namesake resort town in the Engadine Valley amid the Alps of Switzerland. The birthplace of Alpine winter tourism, the luxury destination is known to the most privileged as the top of the world. An internationally recognized trademark and symbol of utmost quality, the name St. Moritz is equated to one of the most sought-after addresses the world-over.

St. Moritz

St Moritz

Site Development Plan

Development Highlights

An address that distinguishes the upscale in urban living, St. Moritz Private Estate is a nine-storey, two-cluster, low-density luxury residential estate. The first low-rise development at McKinley West, it will feature residences ranging from 78 to 219 square meters with two- and three-bedroom units and four-bedroom, two-level penthouses with private pools.

St. Moritz Private Estate brings forth some of the most renowned names in architecture, design and home innovations, a first by Megaworld Corporation.

Cluster One Turnover: June 2018

Unique Features and Collaborations

BroadwayMalyanLeichtBoschDuravit

St. Moritz Private Estate features award-winning European brands in architecture, design and home appliances. With U.K.-based firm Broadway Malyan as its architectural design consultant, the luxury residential estate features modern clean lines in a lush landscape setting. Luxury German brand LEICHT lends its elegant signature to the project’s kitchen design, layout and cabinet systems. Built-in home and cooking appliances by Bosch reflect exceptional technology and sustainability. Bathroom pieces by Duravit designed by Philippe Starck add sophistication to the modern European-inspired project.

Each unit features balconies accessible from bedrooms, living and dining areas, enriching the residents’ affinity with the outdoors. High-technology conveniences include Wi-Fi internet access at the main lobby and amenity area. All these, complemented by maximized security through key card access–to the satisfaction of the highly-discriminating.

Collaborations

St. Moritz Private Estate

St. Moritz Private Estate

St. Moritz Private EstateSt. Moritz Private Estate

St. Moritz Private Estate

Amenities

Exceptional living begins at the arrival plaza, with a magnificent water feature welcoming the residents home. A superb leisure experience unfolds at the two-level amenity deck on the 8th and 9th levels. Outdoor amenities include an infinity edge swimming pool with fiber-optic lighting, kiddie pool, submerged lounge deck with bubbles, pool deck lounge, cabanas, outdoor shower area, and male and female changing rooms. Indoors, recreation for all ages abound. Residents may choose from the gym, yoga room, game room, function rooms and kid’s play room.

At St. Moritz Private Estate, recreational possibilities are boundless.

St. Moritz Private Estate

Facilities

Key card access to units and elevators
Residential lobby with reception counter, lounge area and Wi-Fi internet access
Video-phone security system connecting reception and security counter to all units
Maintenance and housekeeping services for all common areas
Automatic heat/smoke detection and fire sprinkler system for all units
100 percent back-up power supply for all common areas and residential units
Four high-speed interior-finished passenger elevators
One service elevator
Building administration and secuirity office
Controlled access and 24-hour security
Security command center for 24-hour monitoring for all building facilities
Closed-circuit TV (CCTV) monitoring for selected areas
Annunciator panel with emergency speaker at elevator lobby
Centralized mailboxes for each unit
Overhead tank and underground cistern for ample water supply
Driver’s lounge with toilet and paging system
Two-level epoxy-painted parking area

St. Moritz Private Estate

Floor Plans and Unit Layouts

Typical Floor Plan

Two Bedroom Unit

Three Bedroom Unit

Lower Penthouse Level

Upper Penthouse LevelPenthouse UnitSt. Moritz

Oceanway

Boracay Newcoast

Boracay Newcoast

     Boracay Newcoast, 140 hectares, includes the only Golf Course in Boracay. This is the single largest piece of land that spans approximately 14% of the island. Situated at the northeastern part of beach paradise, this modern master-planned community is inspired by the world’s top leisure and holiday destinations such as Santorini, Greece, and Ibiza in Spain to name a few.

     Boracay Newcoast is where virgin coves and pristine white beaches abound while setting a natural backdrop for complementing cultures and influences.  At the center of Boracay Newcoast’s one kilometer white beach is Newcoast Station, a massive entertainment center replete with vibrant shops and bars.  World travelers can expect a truly unprecedented leisure experience in this exciting new face of Boracay.  Apart from travelers, Boracay Newcoast also presents an opportunity for those interested in owning a piece of the action.

     Be part of the new FACE of BORACAY.

Oceanway Residence Condominium:

Oceanway Oceanway Oceanway Oceanway Oceanway

  • Studio and 1BR Units: As low as Php 30,000/month
  • 2 Bedroom: As low as Php 35,000/month
  • 3 Bedroom: As low as Php 40,000/month
– Low rise condominium units located a walk away from the Shophouse District

New Coast Village:

Newcoast Village Newcoast Village Newcoast Village

– Purely Residential lots

– The only exclusive village in Boracay

  • Lot Sizes: 250 square meters and above
  • Price Range: Php 6M and above
  • 30 months to pay at 0% Interest

Shophouse Lots:

Shophouse DistrictShophouse District

* Commercial lots for your own establishments!

Shophouse Restrictions:

  • Maximum of 3 storeys
  • Ground Floor must be commercial; 2nd – 3rd floor could be commercial or residential
  • Lot Sizes: 300 – 500 square meters
  • Price Range: Php 11 – 18M
  • 30 months to pay at 0% Interest

Boutique Hotel Lots:

Boracay

– Commercial lots for boutique hotel purposes

  • Lot Sizes: 500 – 900 square meters
  • You may combine lots
  • 30 months to pay at 0% Interest

Boracay New Coast will be marketed as a prime tourist attraction not only in the Philippines, but in the world.

Turnover Date: 2014