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The Philippine Property Market 2019

Title: Philippines Real Estate Market Outlook in 2019: A Complete Overview

Author: Marcus Sohlberg in Property Markets & News | Date posted: October 16, 2018

Highlights:

How will Philippines’s real estate market perform in 2019?

Overall, Philippines’ real estate market looks bright for 2019, especially if we look at places like Metro Manilla. The demand is outpacing the supply in almost all major cities, while the office vacancy rate is less than 5%.

Based on recent figures, as well as previous trends, many believe that Manila might be one of the best locations to invest in real estate in Southeast Asia.

There are few countries in the world that had a growth rate of 6-7% in the last decade. The rapidly growing economy is driving the real estate sector, with increasingly more Chinese investors and companies operating in the Philippines.

We also see an increased purchasing power among locals.

The offshore gaming industry is one of the key drivers of the real estate market, both in the office and residential sector. In 2018, the gross gaming revenue increased by 9.4%, which represents a flourishing industry backed by Chinese investors and gaming companies.

Is Philippines’ real estate market at its peak?

In fair terms, no. You might wonder if the continuous price increases, that we’ve seen for the last seven years, means that the market has already reached its peak.

This is probably not the case, at least if you look back at the time of the Asian Financial Crisis in 1997.

At that time, the property market went through a sharp decline. But if you compare the current prices adjusted by inflation, the current prices are still 20% lower. Looking historically, the market is still far from its historic peak.

How high are the rental yields in the Philippines?

Even if prices are expected to rise at the same rate as in the last few years (8~10%), the rental yields are expected to remain at a similar level. Philippines performs well in terms of rental yields, so it’s nothing you should worry about too much.

In 2017 and 2018, we didn’t see a big increase in rents for residential properties, and Colliers predicts a 1-3% increase in rents by 2020, at most.

Future supply of property in the Philippines

According to a recent report published by JLL, many well-known developers operate in Metro Manila and other NCR cities to provide office and residential space, meeting the coming demand.

According to JLL, around 2.1 million square meters of office space will be added until 2020, where a majority will be dedicated to Makati, Pasig, and Taguig.

Similarly, the same report predicts an increase of 35,000 condominium units in 2019. Cities like Pasay, Taguig, Makati, and Quezon are expected to see the highest increase in residential units.

8.600 condominium units will be provided quarterly from 2019 to 2021, while the condominium vacancy rate will remain at around 12-13% during this time period.

The increase in rents will stay the same with only a marginal increase until 2021.

What is driving the demand of real estate in the Philippines?

I’ve mentioned some of the reasons why we see an increased demand of real estate in the Philippines. Below I’ve listed additional information, speaking for an increased demand:

Offshore companies and outsourcing from China

With the continuous depreciation of the Peso, Philippines become more affordable and a lucrative market for foreign companies to take advantage of its big English speaking workforce.

There’s an increased demand from global e-commerce companies, call centers, and gaming firms, among others.

Note: 1 USD = 49 Pesos in Jan 2018 | One USD = 54 Pesos in Oct 2018

Continuous supply of flexible workspace

With millions of square meters of office space the rents remain stable, allowing companies and startups to expand and operate more easily.

Increased number of local and foreign high net-worth individuals

A stronger economy, a lower unemployment rate, a growing middle-and upper class, and foreigners drive the growth of the residential property market.

Increased amount of Chinese buyers

An increased number of Chinese buyers contributes to the current and future growth. According to Bloomberg, the gambling/gaming market has attracted around 100,000 Chinese workers to the Metro Manila area since September 2016.

High remittances from overseas

Philippines is the third largest recipient of foreign remittances in the world. Overseas Filipinos sent additionally USD 3 billion to their families in 2017 compared to 2016.

With a depreciating peso, and with the increase in foreign remittance, many families now have the purchasing power to buy and invest in the residential property market.

Summary

According to market statistics, previous trends, reports by leading real estate agencies like Colliers and JLL, Philippines remains an attractive spot for real estate investments in 2019.

Prices are increasing, the demand is high, and the market is growing with a sustainable pace, which is predicted to remain the same for the coming two to three years.

The key drivers are: increased interest from foreign companies (that need housing for their employees), Chinese investors, an increased purchasing power among locals, and increasingly more remittance of money from overseas.

Yields are comparatively high and it’s generally easy to do business. You also have the option to apply for a number of long-term visas, allowing you to stay indefinitely, with low requirements.

It’s always hard to predict the future, but with the information on hand, it seems like Philippines will perform fairly well in 2019.

View full article HERE.


Title: What’s in store for PH real estate sector in 2019

Author: Amy R. Remo for the Philippine Daily Inquirer | Date posted: December 22, 2018

Highlights:

“For the Philippine property market in 2019, flexibility will be the name of the game,” Colliers Philippines stressed.

“The strong demand and evolving preference of tenants is giving rise to flexible workspaces; residential developers are tweaking their projects to cater to Chinese offshore gaming employees and local professionals; and mall operators are more open to foreign food and beverage (F&B) and home furnishing tenants, which we see redefining retail space absorption in 2019. Developers are also cashing in on the thriving property market by aggressively acquiring parcels of land outside of the more established business districts,” it explained.

Here, according to Colliers, are the top 10 highlights that will define the Philippine property landscape in 2019.

1.  Infrastructure-led government spending to spur property

Colliers said it expects the government’s plan of frontloading infrastructure projects dictating the strategies of developers in and outside Metro Manila. Hence, it also sees a more pronounced dispersal of office and residential developments outside Manila in 2019.

“Colliers believes that property firms will be more aggressive in acquiring parcels of land in Northern and Southern Luzon and ensure that they are strategically positioned, especially in Pampanga, Bulacan, Cavite, Laguna and Batangas. Developers’ expansions should be supported by the completion of rail, expressway and toll road projects between 2020 and 2022 that are planned to pass through these provinces,” it said.

2. Metro Manila office vacancy to remain at sub-6 percent

Colliers said it is expecting Manila office vacancy to hover around 5 percent by end-2018.

“We see strong demand being carried over to 2019, with projected demand to move in step with the new supply. Over the next 12 months, Colliers sees the delivery of nearly 1 million sqm of new office space and take up of about 910,000 sqm. This should yield a vacancy of 5.4 percent by end-2019. About 30 percent of office space due to be delivered in 2019 is already about 30 percent pre-leased,” it said.

The knowledge process outsourcing (KPO) sector—which provide higher value outsourcing services such as health information management, software engineering, and finance and accounting—is seen to drive office demand in the next 12 months. Such demand is boosted by the presence of top technology firms in the country such as Google, and the improvement in Metro Manila’s ranking in the latest Tholons global outsourcing survey.

3. Offshore gaming to expand outside Manila

For 2019, Colliers sees offshore gaming firms occupying 200,000 sqm to 300,000 sqm of office space, representing as much as 23 percent of the projected take-up in 2019.

“We encourage new and expanding offshore gaming companies to continue looking for space in Cebu, Pampanga and Laguna where bulk of large space is still available,” it said.

“Aside from expansive office space and residential availability, offshore gaming companies need to operate in cities that have airports offering direct flights to China or areas that have direct access to and from Manila. This is one of the reasons why these firms are starting to look at a number of cities in Southern Luzon,” it added.

4. Flexible workspaces to grow by 10 percent annually

The tight Metro Manila office market—coupled with the emergence of a mobile workforce and firms’ drive to bring down operating costs —has given rise to another office sub-segment: the flexible workspace.

“We see Manila’s flexible workspace stock expanding by at least 10 percent per annum over the next three years on the back of continued rise of micro, small and medium enterprises ; influx of multinational corporations and outsourcing firms looking for plug-and-play offices; and the implementation of a set of policy reforms likely to improve the country’s business climate,” Colliers forecasted.

“Over the next three years, we expect more flexible workspaces to be offered in malls, hotels, residential towers and dormitories for professionals,” it added.

5. Manila Bay area to dominate Metro Manila condo price, supply

In the third quarter of 2018, the Bay Area overtook Ortigas Center as the third largest submarket in terms of condominium stock, with 200 more residential units available compared to Ortigas Center.

In 2019, Colliers said it sees the completion of more than 6,000 new condominium units in the Bay Area out of the projected 15,000 new units. It also expects Bay Area to overtake other submarkets such as Makati central business district by 2021.

6.  Luxury residential market to remain strong, price to breach P400,000 per sqm

Colliers expects the luxury condominium demand to remain strong as Metro Manila continues to have one of the most attractive rental yields in the region, relatively low prices and sustained demand from affluent Filipinos, foreign investors and offshore gaming firms.

The luxury market in the country’s capital is relatively small but demand has been stable over the past few years. The projects being leased out or sold to the secondary market continue to receive strong demand.

Pent-up demand also encourages mid-income condominium developers to scale up and construct high-end projects in emerging business districts such as the Manila Bay Area. One luxury project that will be built along Ayala Avenue in Makati is expected to breach the P400,000-per-sqm price point.

7. F&B to further dominate retail absorption

Colliers believes that the food and beverage (F&B) segment will remain the major driver of retail space absorption in Metro Manila over the next 12 months. This can be attributed to continued inflow of remittances from overseas Filipino workers and rising disposable incomes, coupled with a stable macro-economic backdrop.

A number of foreign F&B brands such as Popeye’s, Panda Express and Shake Shack are reportedly opening branches in Manila over the next 12 months and are seen to contribute to greater retail space absorption across the country’s capital.

8.  More foreign players in home furnishing, luxury retail in the Bay

Colliers said it sees sustained demand for home furnishings given the increasing popularity of condominium living in Metro Manila. Nearly 60 percent of projects launched in the third quarter of 2018 are studio and one-bedroom units.

It pointed out that prices of pre-sale condominiums in the reclaimed business district have been rising by about 30 to 80 percent since being launched early last year. This, according to Colliers, is indicative of the spending profile of tourists and foreign investors in the area.

“Colliers believes that the Bay Area is ripe for more high-end F&B, footwear and clothing brands. Prada, Givenchy and Salvatore Ferragamo have opened shops in Solaire casino. The area continues to attract high-end retailers and we see more luxury brands opening shop in the reclaimed business district over the next 12 months,” it said. “The completion of new malls in the Bay Area such as Aseana mall is an opportunity for operators to house luxury retailers.”

9. More strategic land banking, township development in QC

The groundbreaking for the Manila subway, the most expensive project approved by the government, is planned in December 2018, with the first three stations in Quezon City—Mindanao Avenue, Tandang Sora and North Avenue—due to be completed in 2022.

“Colliers sees Quezon City benefiting from the planned subway as seven of the 13 stations are planned within the city. With improving connectivity given the construction of the Manila Subway, MRT-7 and the common LRT-MRT station, we see Quezon City becoming more attractive for mixed-use projects that feature office, residential and retail projects,” it said.

10.  Upgraded infrastructure to spur Cebu leisure

Aside from the modernized and expanded airport, Colliers said it sees Cebu’s tourism sector growing due to a number of infrastructure projects which should open new opportunities in the countryside. The completion of these projects should spur demand for more hotels and serviced apartments outside the Metro Cebu (which comprises Cebu City, Lapu-Lapu and Mandaue) corridor.

Over the next 12 months, Colliers expects property firms to take a more aggressive approach in exploring parcels of developable land especially in the Mandaue and Mactan areas, which are seen as highly viable for resort-oriented townships.

View full article HERE.


Title: The Outlook of the Philippine Real Estate Industry in 2019

Date posted: January 11, 2019

Highlights:

OUTLOOK FOR 2019

Forecasts on the office sector remain positive for 2019. On the supply side, a large volume of office space is anticipated to be added this year while on the demand side, office occupancy from BPO, online gaming, and flexible workspace firms show optimistic outlook with pre-commitments on office buildings in the pipeline. Rents are foreseen to have an upward trajectory due to healthy leasing demand and continued investor interest will prop up capital values of office developments.

The residential sector is predicted to thrive in 2019 due to the strong demand for upper-mid to luxury segments with developments’ pre-sold units ranging from 80% to 100%. The residential leasing market in Makati and BGC is also expected to benefit from the spillover effect of healthy demand for office spaces from BPO and online gaming firms.

The sound macroeconomic environment of the Philippines is likely to support the retail market in 2019, with retailers taking advantage of the rising disposable income of Filipinos. The relaxation of the Trade Liberalization Act of the Philippines may increase foreign investments coming to the Philippines because of the lower paid-up capital requirement. The government’s discussions on the actualization of the Real Estate Investment Trust (REIT) law may also encourage more investment in the retail market.

The hospitality sector will sustain its robust performance in 2019. Foreign hotel operators are likely to enter the Philippine market and form partnerships with local developers. The government’s continuing support of the tourism industry evidenced by its infrastructure push to improve the accessibility of tourist destinations is forecast to have a positive effect on tourism in 2019 thereby enabling growth in the hospitality sector.

2019 will be a year that further showcases the emergence of new trends and opportunities in the Philippine real estate industry. The cultural shift led by the millennial generation to a community-based lifestyle will drive the popularity of co-working and co-living in the Philippines. The increasing demand for co-working spaces will encourage more foreign flexible space operators to increase their presence in 2019.

Flexible space operators like WeWork and IWG have extended their footprint in the country and are expected to expand in 2019. More local providers of co-working and co-living spaces are also expected to emerge, typically operating in fringe areas. The lower capital costs these types of assets require will spark investor interest.

Logistics is another asset type that is expected to thrive in 2019. The emergence of e-commerce firms will support the logistics sector as shipment and transportation of merchandise will be needed. Lazada and Zalora, for example, have greatly expanded their operations in the Philippines that will benefit the logistics sector.

Foreign and local government policies will, undoubtedly, affect the real estate industry in 2019. The US-China trade war, for example, has created a huge opportunity for the Philippine property market as China is looking at spaces/lands in other countries because of tariffs imposed by the US. The Build, Build, Build (BBB) policy of the Philippine government has spurred investment activity in areas such as Clark City and the province of Pampanga where the BBB projects like the expansion of Clark International Airport, The Subic Cargo Railway, etc. are in the pipeline. The government’s infrastructure push also creates a spillover effect to surrounding provinces. The TRAIN 2 (Trabaho) and the REIT law, once implemented, will affect the property industry in 2019 as well.

JLL says the outlook for the Philippine real estate industry in 2019 remains positive. The demand for real estate space by the BPO sector as well as increasing demand from emerging real estate stakeholders like technology companies and flexible space operators will continue to make significant inroads into the Philippines’ property market in 2019. This expected growth and expansion of the industry in 2019 will hopefully encourage investments in the next wave cities of Davao, Cebu, Clark, Cagayan de Oro, Iloilo, and Bacolod.  As such, 2019 is anticipated to be another solid year for the Philippine real estate industry.  Barring any hitches from the upcoming 2019 elections, apprehensions over the implications of TRAIN 2, and the delay in PEZA accreditations on buildings, the year 2020 already looks just as promising.

View full article HERE


Title: Real-estate leadership on the year that was and 2019

Author: Amor Maclang for Business Mirror | Date Posted: October 24, 2018

Highlights:

PRESENTING A RECAP OF THE YEAR THAT WAS AND PROSPECTS FOR 2019
ERIC MANUEL, ARCH CAPITAL, PHILIPPINES, ASIAN INSTITUTE OF MANAGEMENT
WHAT WAS THE DEFINING TREND IN REAL ESTATE LAST YEAR?

The combination of technological and demographic trends has led to developers and occupiers implementing flexibility in their overall real-estate strategies. The coworking trend is just the beginning of something much more disruptive.

WHAT DO YOU SEE HAPPENING FOR NEXT YEAR? 2019?

Companies will have to master agility, the ability to think, understand and move quickly. Business models must change, with technology at the center, to adapt to new demands and unpredictable macroeconomic forces. The agile companies will win top talent, market share and investor funds.

2018 saw the continuing rise of mixed-use developments in various parts of the country—truly a reflection of the growing urban migration.

“For 2019, I’m expecting more innovative mixed-use developments to launch in 2019. Also, expect to see more attention to landscape in the newer projects.”

CHRIS NARCISO, ARTHALAND AND SHDA MEMBER BOARD OF GOVERNORS AND PAST NATIONAL PRESIDENT

Record breaking by the end of 2018, the Philippine real-estate market would have broken many records. Largest amount of new supply, largest amount of take up, most number of emerging business districts and new townships, highest capital prices for land, condo units, etc. The record that we’re happiest about, though, is the highest ever number of registered and certified green buildings under credible green building rating tools like Berde (our national voluntary green building rating tool, BerdeOnLine.org) The market is embracing sustainability more and more with every passing year.

2019 is shaping up to be a year of volatility and uncertainty. However, we still forecast 2019 to be a banner year in terms of green building and sustainability given the level of commitment from many of the developers in their ongoing and planned projects. Also, we have successfully established this year that basic green building certification (under Berde) is achievable at zero construction cost premium (excluding actual certification cost), which will be a huge growth driver in greening more of our real-estate industry.

RAYMOND RUFINO, CHAIRMAN, PHILIPPINE GREEN BUILDING COUNCIL

2018 has merely been an appetizer as we are eyeing for year 2019! In 2018, we got a greater taste for coworking and liked the flavor. We enjoyed the continued foreign direct investments from predominantly China. Business-process outsourcing  growth is no longer progressive. The government’s “Build, Build, Build” boosted prices, but also appreciated the value of foreign currencies, thus making foreign remittances from overseas Filipino workers and foreign investors even more enticing for senders and recipients alike.

The millennials, start-ups and SMEs are largely behind the growth in coworking like a new grassroot movement. Overall, it’s likewise the multinationals that continue to seek flexible rather than conventional workspace. In 2019, we’ll not see any new office buildings without the element of flexible working. The speed of change is simply too rapid solely to rely on conventional office space. Besides, the employees are more productive with flexible working and easier to attract and retain.

The supply of new commercial office space has been record-high in 2018 with over 1.2 million square meters of office space turned over. While this rate is expected to continue in 2019, the question is whether the demand will remain as strong as currently is the case. 2019 has greater uncertainties than we faced when entering 2018. Should the BPO sector diminish, or the global economy slow down, the real-estate sector may go from boom to gloom.

Nevertheless, 2018 has been merely an appetizer, and 2019 is when all the trends will take a giant grip in the market. Moving from commercial square meters as a commodity to work spaces shaped for community building, knowledge sharing and flexibility. How big the overall demand will become is the real question.

LARS WITTIG, COUNTRY MANAGER, PHILIPPINES-VIETNAM-CAMBODIA, REGUS & SPACES BY IWG

2018 saw the growing of partnerships and collaboration to develop land, often while addressing the challenges of urbanization like creative housing solutions and decongestion from Metro Manila.

2019 may see more urgent property integration with infrastructure to capture transit-oriented development value as major connectivity gets within horizon. A need and will to step up regional competitiveness.

SYLVESTER WONG, VICE PRESIDENT, ASIA/BUILDINGS & PLACES-PHILIPPINES ASIA/SEA, AECOM

“Developers are increasingly planning and designing their buildings to help their tenants achieve their business objectives, especially on talent retention. As a commercial office developer, we have designed green office buildings that can help employees be healthier and more productive, and incorporated retail choices and coworking spaces to enrich their time in the office. We ensure that the office is accessible, close to major infrastructure, as well as located in a community where employees can have a work-life balance.

We believe this trend will continue to the succeeding years as developers cater more to the well-being of their tenants. We also find this as an opportunity for businesses to expand outside the established business districts and closer to upcoming infrastructure projects that can bring about greater connectivity.”

View full article HERE.


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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

Paseo Heights

Paseo Heights

Paseo Heights

 

Address: L.P Leviste St., Bel-Air, Salcedo Village, Makati City
Developer: Megaworld Corporation
Turn Over Date: October 2017
HLURB License to Sell: 29312

Paseo Heights offers community lifestyle by the park. A privilege possibilities and pleasurable parkside living in the premier location of Makati CBD, where you live speaks volumes.

Another breakthrough Megaworld condominium in Makati that will highlight the true meaning of community lifestyle by the park, Modern comforts and conveniences make life stress free every single day. Living luxuriously in Paseo Heights made affordable with semi-furnished units

It smoothly drowns out the noise element of the Makati Central Business District (CBD), while enhancing the omnipresent sophisticated and elegance which a Makati commune should possess.

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Fall in love with it’s 30 storey modern design to match your refined taste.

Come home to your choice of  pre-furnished studios and two-bedroom homes that overlook treetop views of the park or the Makati Cityscape, and experience a new perspective on life in the MAKATI CBD.

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The 30-story tower is a modern vision, brought to life by sleek grid lines, neutral hues and a checkered grill pattern at the podium.

Paseo Heights features a confluence of well-chosen design elements, from floor to ceiling glass windows that offers treetop views of the Jaime Velasquez Park or the Makati skyline cityscape.

FACTS:

  • Total Lot Area:  982 sqm
  • Total Gross Area:  16,710.30 sqm.
  • Exterior Paint Finish of the Tower: Paint finish and floor, with floor glass with metal louvers
  • Number of Floors and Height: One Tower, 30 storeys, 104.90 meters
  • Sections of the Tower: Ground Floor – main lobby and retail
  • Podium 1 to 6 – parking levels
  • 7F – Amenity Deck
  • 8F to 30F – Residential Units
LOCATION

Your location in a word is unbeatable, your social status unparalleled. Set in the swanky Salcedo Village in Makati, Paseo heights links you instantly to both the financial heart and the cultural core of the CBD.

Everything that’s important in the Makati CBD is a few minutes away.

1

Paseo Heights is strategically located along, San Agustin and L.P. Leviste Street. It is fronting Velasquez Park. It is conveniently located a few blocks away from the World Centre, Paseo Centre, and the Makati Sports Club.

Paseo Heights links you instantly to both the financial heart and the cultural core of the Central Business District. A superior address for the stand out crowd, your address enjoys an efficient road network that includes the main avenues of Ayala, Paseo de Roxas and Sen. Gil Puyat.

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Minutes away from retail establishments in Salcedo Village and the upscale Greenbelt district, close to Citibank Tower, Makati Stock Exchange, RCBC Plaza, Petron Megaplaza and other top corporate centers, transform the cityscape into your own paradise with the SALCEDO PARK just a stone’s throw away from your lobby.
FEATURES AND AMENITIES

7

FLOOR PLANS
UNIT LAYOUTS
7TH FLOOR
8TH FLOOR
10TH FLOOR

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 (multi-point water heater at all toilet & bath)
  • Kitchen with modular under-counter and overhead cabinets
  • Ceramic plank for bedrooms
  • Ceramic tiles for living, dining areas and sleeping den
  • Ceramic tiles for toilet & bath and kitchen area
  • Individual mail boxes with keys
  • Individual Condominium Certificate of Title (CCT)
PHOTO GALLERY
PAYMENT TERMS
Studio Unit.

PHP 18,000/Month for the 1st Year.
PHP 25,000/Month  for the 2nd Year.
PHP 30,000/Month  for the 3rd Year.
PHP 35,000/Month  for the 4th Year.

5% Lumpsum on the 36th month
5% Lumpsum on the 48th month
Balance Payable Upon Unit Turn Over

2-Bedroom Unit.

PHP 45,000/Month for the 1st Year.
PHP 50,000/Month  for the 2nd Year.
PHP 55,000/Month  for the 3rd Year.
PHP 60,000/Month  for the 4th Year.

5% Lumpsum on the 36th month
5% Lumpsum on the 48th month
Balance Payable Upon Unit Turn Over



 

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
 

Forbeswood Parklane

Forbeswood Parklane

Forbeswood Parklane

READY OF OCCUPANCY

Your Castle in the Park

Few homes capture the imagination like Forbeswood Parklane Luxury Residences. More than a mere presence, it reigns over the Global City skyline – an awesome address that speaks eloquently of your place in the world: at the top. This is your entryway to a lifestyle that lets you live on your own terms. Your modern-day castle where everyday is a celebration of the joy of living in nature’s loving embrace.

HIGHLIGHTS

Inspiration

  • Modern Metropolitan Living

Location

    • Rizal Drive, Bonifacio Global City

Fort Bonifacio, Taguig City

Turnover

  • 2009 to 2010

Development Facts

  • Two towers
  • 29 to 36 storeys
  • Studio to two-bedroom units ranging from 36.5 to 73 square meters

Unique Features

  • Ground-level commercial establishments
  • Access to Burgos Circle
  • Comprehensive podium-level amenities

Club House Amenities

  • Swimming pool with horizon edge
  • Children’s wading pool
  • Outdoor spa
  • Health club, sauna and indoor spa
  • Outdoor fitness area
  • Children’s playground
  • Day care center
  • Landscaped gardens and sitting areas
  • Business center with lounge and conference areas

FACILITIES

Ground Floor

  • Entrance lobby with reception counter and lounge area
  • Four high-speed, interior finished passenger elevators and one service elevator
  • 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
  • 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

  • Multi-level basement parking
  • Three level podium parking

AMENITIES

FLOOR PLAN

1

UNIT LAYOUTS

8 Forbes Town Road

8 Forbes Town Road

8 Forbes Town Road

8 Forbes Town Road

 

 READY FOR OCCUPANCY

An Eden in the Metro

Eight Forbestown Road puts you at the center of a realm reserved for a favored few. Here, you take your place at Forbes Town Center with its half-kilometer-long stretch of superb Manila golf course views. As the fairways make for a beautiful sight, your home makes a similarly impressive statement. The streamlined façade, rendered in glass, is awash in hues of light blue. Rising 53 storeys above the landscape, it is an address that puts you high above it all, the master of your unparalleled lifestyle.

HIGHLIGHTS

Inspiration

  • Modern Metropolitan Living

Location

  • Forbes Town Road, Bonifacio CBD

Turnover

  • 2014

Development Facts

  • 53 storeys
  • One- to three-bedroom units ranging from 44 to 174 square meters

Unique Features

  • Golf view residences
  • Commercial mall on ground and podium floors
  • Full glass facade
  • Wellness oriented podium-level amenities

AMENITIES

  • Infinity swimming pool complex with in-pool lounge and sundeck
  • Gym and fitness area
  • Jogging path
  • Children’s playground and indoor playroom
  • Landscaped gardens with gazebo and viewing deck
  • Function rooms

FACILITIES

Ground Floor

  • Entrance lobby with reception counter and lounge area
  • Five high-speed, interior finished passenger elevators
  • One high-speed service elevator
  • Security command center for 24 hour monitoring of all building facilities
  • entralized mail room

Typical Residence Features

  • Entrance panel door with viewer
  • 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

Parking

  • Multi-level basement and podium parking

AMENITIES

FLOOR PLAN

1

UNIT LAYOUTS

 

Tuscany Private Estates

Tuscany Private Estates

Tuscany Private Estates

Tuscany Private Estates

READY FOR OCCUPANCY

Raise a toast to the timeless beauty of Italy’s Tuscany, and celebrate its charmed ambiance in your residence at The Tuscany Private Estate in Mckinley Hill. Rekindle intimacy with life in this picturesque village along Upper Mckinley Road. Where everything exquisite surrounds you. And where you bask in the languor of tranquil days. The romance of balmy nights. And the lushness of natures bounty.

The Tuscany Private Estate. Influenced by the artistic heritage that has made Tuscany’s “Cities of Art”—Florence, Lucca, Pisa, Siena and San Gimignano—unforgettable. Crowning your gated 1.5-hectare village are seven Tuscan-Mediterranean-style residential clusters. Majestic with their stone detailing and elegant arches. Varying rooflines. And diverse facades in festive hues. A captivating spectacle is the seventh cluster, which towers 17 stories above the other buildings.

Everything exquisite and illustrious about Italy’s Tuscany finds a home at McKinley Hill’s newest community: The Tuscany Private Estate.

In this prestigious 1.5 hectare village, a palette of pleasures surrounds you. Seven Tuscan-Mediterranean residential clusters emerge proudly from a nature-rich setting. Where giardini, trees and courtyards bring to mind the rolling Tuscan countryside and its bountiful vineyards. Inside your luxurious villa-style home, take ingenerous views of nature from the balcony and wide windows. Whether from executive studio or a suite with up to three bedrooms. Or a one bedroom loft to a two-level, three bedroom unitat the penthouse.

Highlights

Inspiration

  • Tuscany, Italy

Location

  • Upper McKinley Road, McKinley Hill
  • Fort Bonifacio, McKinley Hill

Turnover

  • 2011

Development Facts

  • 7 Clusters
  • 6 to 17 storeys
  • Studio to three- bedroom units
  • 46 to 131 square meters

Unique Features

  • Ground floor commercial establishments
  • Commercial restaurant strip
  • Gated residences
  • Loft units available
  • Low to mid-rise condominium

Amenities 

  • 15-meter lap pool with paved sunbathing lounge
  • Fitness center
  • Children’s playground
  • Lagoon park
  • Function room/playroom/day care center

Facilities

Exterior

  • Tuscan-Mediterranean style residential clusters
  • Exterior finish features stone details, elegant arches and festive hues
  • Clusters are of varying roof levels

Arrival Area / Entrance

  • Gate with elegant wrought iron grillwork
  • Arrival court with special paving patterns
  • Retail row at ground level

Ground Floor

  • Grand lobby information area
  • Eleven high-speed, interior-finished passenger elevators
  • Closed-circuit TV (CCTV) monitoring for selected common areas
  • Intercom security system connecting reception/security counter to all units
  • Security command center for 24-hour monitoring of all building facilities
  • Mail room for each cluster

Typical Residence Features

  • Prefabricated kitchen cabinet system
  • Stainless steel kitchen sink
  • Solid surface lavatory countertop
  • Ceramic tiles for toilet/bath floors and walls
  • Wood plank laminated flooring for bedrooms, living and dining areas
  • Exhaust duct system for toilet, bath and kitchen
  • Provision for hot and cold water supply lines (excluding water heater)
  • Provision for cable TV lines
  • Provision for 2 telephone lines per unit
  • Individual mail boxes with keys
  • Individual Condominium Certificate of Title (CCT)

Building Facilities and Services

  • 24-hour security service with controlled entry points
  • Automatic heat/smoke detection and fire sprinkler system for all units
  • Annunciator panel with emergency speaker at parking floors
  • Overhead tank and underground cistern for ample water supply Standby power generator for selected floors

Parking

  • Multi-level basement parking
  • Controlled access and 24-hour security

 

TUSCANY SITE 1 Final copy

Floor Plans

Unit Layouts

Actual Unit Photos