One of the most beautiful islands in the Philippines, Mactan, is starting to gain attraction from people all over the archipelago, both local and investors alike. Aside from its rich cultural history, the island has progressed over the years and is looking very optimistic about the future. Here are our exciting reasons why it’s safe and good to invest your money in Mactan.
⦁ Gateway to the World – the new Mactan-Cebu International Airport The new Cebu International Airport has been transformed into a world-class facility with a unique and modern design inspired by local culture. It drives further growth in passenger traffic, which translates to a more robust tourism environment for the region.
The number of flights was increases and MCIA caters to direct international flights to China, Japan, Korea, Australia, Europe, the USA, and other Southeast Asian Countries. It is also said to target new flights in North Asia, the Middle East, North America, and Europe.
⦁ Transport Infrastructure Aside from the air transport that MCIA offers, Mactan is also accessible by land and sea travel. Traveling within the island has been made quick and easy as it connects Mandaue City via two bridges: Osmeña Bridge and Marcelo Fernan Bridge. And because of traffic congestion experienced during rush hour, a third bridge called Cebu-Cordova Expressway (CCLEX) is in the works. This will connect Cordova Town in Lapu-Lapu City and Cebu City. And on January 2019, they will start the planning for the 4th bridge.
Also, traveling to Camotes Island from Mactan is now possible through fast crafts of Jomalia Shipping Lines Mactan located at the Mactan Wharf (same location as Cebu Yacht Club). As of Feb 2018, a one-way ticket costs P400/person on Weekdays and P500/person on Weekends.
⦁ Economy Enabler
Mactan is not only known for industrial businesses but now becoming a hub for quality jobs stimulating the local economy, thanks to the rising BPOs in the area. With more developments in infrastructure, it caters to more office spaces and allows more people in the area to get jobs and generate more income.
⦁Education Where would you find a place rich in luxury resorts and education all in one radius? Mactan is a very diverse island and recently announced that there will also be a school opened in the Mactan Newtown Compound called the Newtown School of Excellence as a result of their partnership with La Salle.
The renowned and equipped with state-of-the-art-facilities, the International Academy of Film and Television is also found in Mactan. Two colleges specializing in Aeronautics is also located in Mactan, namely, Indiana Aerospace University and Philippine State College of Aeronautics.
⦁ Tourism – New Hotels Known for its white beach and rich marine biodiversity, it is no wonder numerous world-class and five-star hotels make up the Mactan beach line. According to the Freeman, Dusit International, led by Gokongwei/Robinsons Land Corp. will open a 271-room beachfront luxury hotel-resort at the northern peninsula of Mactan by 2019.
Also, Udenna Corp of Davao-based businessman Dennis Uy will be building a $341 million casino-resort named Emerald Resort and Casino in the prime beachfront property of the island. It will be a venue for premier regional destinations for leisure, gaming, and MICE (meetings, inventives, conventions, and exhibitions).
⦁ Great Place to Live Apart from the noise, Mactan is making now from big investments by listed companies, it will be sought after location for residents both local and foreign. Many developers continue to strive and build quality yet affordable homes to address the growing housing needs of the area.
Being an Overseas Filipino Worker is not easy. It takes a lot of sacrifices and you can only imagine how difficult it must be to work in a foreign land away from your loved ones. OFWs endure the loneliness and hardships just to give their families a better future.
As the years go by, you realize that you cannot be an OFW forever. You eventually want to rest and retire but of course, you need to make sure you have enough funds to do this. Saving is most people do but is it enough? Here are the reasons why investing in real estate is the best way to go:
Real estate is a safe investment. The value of land always keeps appreciating. With the volatility of the stock market these days, you would want to invest your money into something that is tangible and real.
Can be used as leverage. Say there is an emergency and you need to get a loan as soon as possible. Owning a property means you can use it as leverage to get a loan. Lenders usually check your credit history, income, debt, and credit score to verify if you could pay back the money you loaned. By owning a property, you can secure the loan by having your property as collateral so that you can surely get that loan approved.
Can be monetized. You can earn a passive income by having your property rented. Many applications in this digital world can help you earn money by allowing guests to stay in your place for a limited period of time. This is perfect because you can still use your place any time but if when nobody is using it, at least there’s money that goes in which you working extra hard to make it happen.
You can use it. You don’t need to worry if you too tired to go home after a long day with the kids. By owning a property in a prime location, you can rest easy knowing that you are not wasting your precious time being stuck in traffic on your way home!
Legacy Investment. Real estate is one of the common things passed down from generation to generation. Bypassing it on to your kids you can assure them that no matter what happens in life whether the economy is booming or not, they will be assured that there will always be roofs on their heads and they have a place to call home.
The original article is lifted from this site, all credits are yours: https://silingan.com.ph/why-real-estate-is-the-best-investment-for-retiring-ofws/
Whether you own a condominium, townhouse, duplex or single-family home, maximizing income is always a high priority for any investor. A routine property check is vital to maintaining your rental, but it won’t necessarily get you top dollar when competing against other properties on the rental market. Doing the minimum will usually lead to minimal returns in terms of money and time of tenant occupancy.
Here are a few tips for maximizing the ROI for your rental property:
Market Your Property Well
How you market your rental determines the number and quality of applications you receive for your property. There is a number of marketing strategies you can use to increase exposure and get more tenants.
Look for different real estate investing websites and list your property on more than one platform. The internet is the first place tenants search for properties so be sure to strategically market online.
Depending on the location and type of rental property you own, you can also target a specific group of tenants that may be likely to rent out your property such as university students if your property is near schools, or employees if your property is near businesses.
Carefully Screen Your Tenants
Choosing qualified tenants to rent out your property is vital to maximizing the ROI of your rental. Having an unqualified tenant can cause problems and can be one of the most draining mistakes any property owner can make.
In your screening process, include a background check, verification of income and employment, rental history, criminal check, and reference check. It’s better to be safe than sorry when renting out your property.
It all starts at the curb, the first impression of a home and a spot most investors neglect. Many forgo the fresh coat of paint, leave the dilapidated fence up, forget to wash the driveway, and spruce up the yard. This is not a good sign of potential renters and is a reflection of how they see your maintenance style.
While some property maintenance is generally out of your hands when it comes to condos or townhouses, you have to ensure your monthly homeowner fees are put to good use and funds are allocated to exterior maintenance.
Making Smart Upgrades and Updates
The most important areas of the house to good tenants will be the kitchen and the bathrooms. You don’t have to do complete renovations of these areas, but make sure you take care of little details that renters will find appealing.
Invest in good, high quality, matching appliances as it is among the first things a renter usually looks at after entering a potential new home. Older appliances may require unending maintenance and will cost you more in the long run.
A little paint goes a long way, and fresh paint on the walls and cabinets will make your rental look new and welcoming. Use neutral colors that will match any furniture that your incoming tenants may have.
Investing in higher quality light fixtures, adding new ceiling fans, upgrading all faucets will give the rental property a more polished pulled-together look. Tenants notice door handles, locks, and window blinds. If your condominium is set up with a laundry area, you can add a washer-dryer set to increase the value of your property.
But remember— don’t spend a lot of money on upgrades that won’t earn you more money.
Decrease Vacancy and Minimize Turnover
Find quality long-term tenants that take care of your property and pay consistently. When you find these people, do what you can to keep them. Keep in mind that rent is not the only factor that keeps tenants from moving out. The other key is customer service.
Whether you personally manage your properties or have a property manager, make sure your tenants feel respected and heard. If your tenants inevitably leave, start posting ads and spreading the word about your vacancy the minute you get a word in order to keep the transition period to a minimum.
Increase Rent Strategically
Tenants may be more loyal if they can’t find lower rent elsewhere, but this doesn’t mean that you should never raise rents when you have good reason to do so. Moving costs tenants money too. If the value of their current rental is significantly better than the value of a new rental plus the cost of moving, you still have the upper hand.
Do a little research on other rentals in the area by checking out sites such as Locanto.ph, OLX, or Lamudi. You may find there is room to increase your revenue by, say, 1-3% every year, while still remaining competitive.
Consider the following: let your tenants know about an increase in monthly utilities and amenities fees, and have that coincide with an upgrade to your property. For instance, you may plan to upgrade the windows from single to dual pane. If you schedule the work to coincide with a lease renewal, the tenant feels they are getting something out of the deal. You may even ask your tenants what they would like to have upgraded. Not only are you increasing rent, but you’re also increasing the market value of the home. In other words, make improvements that are necessary for maintenance or have an immediate return on investment.
Add Revenue Stream
If you look close enough, you’ll find there are many opportunities for profit. Offer extra house cleaning, landscaping services, or mineral water delivery to tenants. Many people will be happy to pay for something they’d otherwise take on themselves. You can negotiate the rates with suppliers, contract them out, and collect a fee as a contractor.
The benefits of upgrading your property extend beyond appearances. It will maximize your rent, improve your return on investment, and increase your home’s value for when you may want to sell. Most importantly, it allows for a healthy relationship between you and your tenant. In such an active and competitive market, you need to find ways for your property to stand out in the listings. Quality upgrades will get your rental filled fast and maximize the income on your investment.
the original story is lifted from this article and all credit is yours: https://silingan.com.ph/how-to-boost-roi-for-your-rental/
By: Morexette Marie B. Erram – CDN Digital | July 10,2020 – 12:29 PM
CEBU CITY, Philippines – A proposal to reclaim land up to 1,500 hectares in the fishing town of Cordova on Mactan Island, Cebu will push through.
This after local officials announced that SM Prime Holdings Inc. (SMPH) renewed their commitment to invest in Cordova town during an online meeting with them and officers from concerned government agencies last Thursday, July 9, 2020.
SM Prime Holdings Inc. (SMPH) is the real-estate arm of SM Investments Corporation, which is founded by the late tycoon Henry Sy.
Cordova is a third-class municipality that borders Lapu-Lapu City on the south of Mactan Island. It owns around 3,500 hectares of foreshore land, making it one of the biggest seagrass beds in the country.
Cordova Mayor Mary Therese Sitoy-Cho, in a phone interview with CDN Digital, confirmed that consultants from SMPH informed the municipal government of their plans to proceed to the detailed engineering design (DED) stage of the project.
“During the meeting, SM asked permission and approval from the local government, DENR (Department of Environment and Natural Resources) and PRA (Philippine Reclamation Authority) to bid the DED to a contractor,” said Cho in a mix of English and Cebuano.
The project, according to local officials of Cordova, is targeted to be completed by 2028 and is composed of four artificially-made islands with a total land area of 1,500 hectares.
It will soon be developed into an integrated ‘world-class lifestyle’ destination featuring a cruise terminal, marina, beach, eco-parks, golf course, churches, retail centers, civic centers, cultural centers, and promenades with inland transportation consisting of buses and a train with a railroad.
The project, which is pegged to estimate billions, will be done through a public-private partnership (PPP) arrangement, said Cho.
“The area where it will be built is near 10,000 Roses Cafe and the third Cebu – Mactan bridge that faces Cebu City,” she said in Cebuano.
The mayor also said they are projecting that actual civil works for the multi-billion project, whose rough estimates are yet to be determined, to start within 2022 to 2023.
Cho added that further consultation, particularly with Cordova’s fishing communities, are needed before the proponents can proceed with the construction.
“Part of the agreement says there should be coordination not only with the LGU (local government unit) but also with the people,” said Cho.
“So every time they present the design, we have to consult our constituents, particularly our fishermen who, undeniably, will be affected by this project,” she added.
According to the mayor, fisher folks of Cordova are urging the local government and developers of the project to ensure their fishing routes will stay open, and that the town’s mangrove areas will not be severely impacted.
A Project Description Report (PDR) from the Environmental Impact Assessment team of the Environmental Management Bureau (EIA – EMB) identified the coastal barangays of Alegria, Bangbang, Buagsong, Catarman, Cogon, Dapitan, Day-as, Ibabao, Gabi, Gilutongan, Pilipog, Poblacion and San Miguel will be affected by the reclamation.
EIA-EMB defines reclamation as the ‘deliberate process of converting foreshore land, submerged areas or bodies of water into land by filling or other means using dredge fill and other suitable materials for specific purposes’.
Under the law, a proposed reclamation project would have to be supported by an area clearance, a feasibility study, an environmental impact statement and environment compliance certificate (ECC), and local government resolutions posing no objection to the project, among others. / bmjo
When buying a property during this pandemic, the overall environment is one of the key factors that home seekers are now looking for. With the expectation that a similar situation may happen in the future, the address becomes as important as the actual home.
A crisis-ready neighborhood with access to essentials; a place where you can work, play, live and shop; a community that provides access to all your needs yet keeps you close to the hustle and bustle of the city. You want a home that allows you to embrace a lifestyle that offers everything within reach and mixed-use developments are the answer to the current dilemma of homebuyers in this age of quarantines, lockdowns, and border controls.
Mixed-use developments are exactly what they sound like: they’re a type of development that blends residential, commercial, and leisure spaces into a single location. It features a cross-section of a community where people gather to work, live, and thrive.
These types of developments provide a more comfortable work-life balance for its residents, reducing the need to go far for work or recreation, as the residents can do work, social and personal activities right inside the mixed-use community. During a pandemic, it provides security and convenience. After a crisis, it rejuvenates the different components within the community.
One of the very few key projects in Cebu that provides a holistic life approach in mixed-use developments is Astra Centre located in AS Fortuna St., Mandaue City, the city’s commercial and leisure center.
It features residential and office spaces, as well as a lifestyle mall and a hotel. Once completed, you’ll see a modern and upscale design. With its unique features, such as a multi-deck, bold canopy, punched windows, and articulated glass, Astra Centre sets a standard for other mixed-use developments in the metro that boasts of being a future-forward development.
With stunning amenities within the community, as well as a promising location, future dwellers can experience a modern, dynamic lifestyle in which they can live, work, and thrive, all in one place.
There’s really no surprise in how future-forward Astra Centre is, given that it’s a brainchild of the leading VisMin real estate developer, Cebu Landmasters, Inc. (CLI). If you’re keen on moving to a new neighborhood, one that is crisis-ready, this CLI project is worth considering. These are the various spaces you can expect in the development
One Astra Place is the residential component of Astra Centre, featuring 28 floors and a range of exciting leisure amenities. Residents will have access to the infinity pool, kiddie pool, jacuzzi, and function halls. You’ll be able to use the fitness gym, al fresco areas, and sky deck, among other facilities.
When it comes to unit types, you have plenty of options. The studio units range from 22.64 sqm to 23.61 sqm, equipped with sleeping area, toilet, and kitchen. The one-bedroom studio units, meanwhile, have 36.56 sqm to 47.05 sqm floor area, featuring a sleeping area, living room, dining area, toilet, kitchen, and vestibule.
One Astra Place is pre-selling with a few units left available. The expected turnover of the condominium will be in September 2024.
With a two-level lifestyle mall, Astra Centre will feature indoor and outdoor retail areas, covering dining and entertainment amenities. Redefining the whole retail experience, Astra Centre’s lifestyle component will provide an opportunity for people to gather, stroll, and socialize.
Residents will find it more convenient to shop for their essentials in the grocery and convenience stores, catch up with friends and loved ones in the wide variety of dining and restaurants, and bond with friends through leisure activities like watching a movie in a state-of-the-art cinema.
Aside from good social well-being, your physical health improves as well. The proximity to grocery stores, boutique shops, and restaurants promotes walking, making the active lifestyle second nature to you.
Astra Centre will house an office building that has 15 levels of premium spaces. All kinds of enterprises including business process outsourcing can benefit from the synergy of the 4-in-1 development. Whether you’re an entrepreneur leading a start-up or if you’re part of a large corporation, this community will provide convenience to the employees with stores and shops within a stone’s throw away offering a wide variety of goods and services.
Residents working within the community can eat at nearby restaurants while business travelers can stay in the hotel adjacent to their office. Proximity to recreational activities or gyms can help keep employees and residents healthy, happy, and productive.
The first Radisson RED hotel in the country with a ‘’lively and flexible’’ hotel concept is unique with its upscale service and future-forward smart technology attracting the tech-savvy and millennial travelers. One unique feature is the Radisson RED app where hotel guests will have the convenience of digitally checking in, enabling them to head straight to their room by unlocking the door using their smartphone and not needing to go to the reception.
Radisson RED will house a 146-room with different amenities that the guests can enjoy such as pool deck, pool bar, gym, lounge, sauna & spa, meeting rooms, and events area.
The presence of Radisson Red in Astra Centre makes it a more luxurious destination, proving beneficial for both residents and businesses in the mixed-use development. Residents can, once in a while, indulge in a staycation. Entrepreneurs can provide upscale accommodations to their colleagues coming to town. Retailers will find a steady stream of shoppers from hotel guests. This one-stop-shop and work, play and stay feature provides a good flow of overall guest experience.
Live, work, and thrive where work, life, and leisure are brilliantly intertwined. Make One Astra Place your future address and reserve a unit today!
FOR more than two decades now, Taft Properties has established itself as a formidable player in the real estate industry—a developer that takes time to truly understand the communities it plants roots in and what its residents need. In light of the current Covid-19 pandemic, the company gives back to the community of Cebu with a series of CSR initiatives.
The iconic Horizons 101, the tallest residential development in Cebu City and the tallest out of all its six projects, was lit in blue to show support for the workforce in the front lines during this global health crisis.
Taft Properties also partnered with the Mayor’s Office of Cebu City in distributing boxes of face masks to the city’s key health centers and other constituent institutions. For a personal touch, each box contained messages of appreciation from the company’s employees and sales partners as part of the “Taft Covid Hero” project, Taft’s way of making sure our modern day heroes know that their efforts are seen and acknowledged.
Company representatives also personally turned over boxes of face masks to the captains of select barangays in Cebu City such as Lahug, Ramos and Guadalupe.
Key facilities in Cebu were also recipients: the personnel and inmates of Cebu City Jail, as well as the healthcare workers in Bayanihan Center Cebu, a recently completed quarantine facility in the Queen City.
Taft touched base with neighboring cities as well: Lapu-Lapu, specifically the barangay of Marigondon, where Soltana Nature Residences—another Taft development—is located.
Unit owners who are frontliners also received face masks, while the company’s own frontliners—staff in departments such as security, logistics and utility—were given care packages as a sign of the company’s gratitude for their daily efforts in keeping operations running as usual the safest way possible.
With Colliers International at the helm of property management, the company has also taken great strides to maintain a high standard of sanitation and hygiene across all its properties: common areas are regularly disinfected, precautionary measures are heightened and strictly implemented, and security and maintenance personnel are housed in the building to ensure their health.
As Cebu continues to fight through these trying times, Taft Properties expresses its unwavering support for the community and its frontliners with one message: “Stay safe, be strong.”
With its thriving economy and stunning beaches, choosing to invest in a condo in Cebu is a good move.
Cebu is becoming one of the most sought-after cities in Visayas with its evident growth in the past years for both business and tourism.
Looking for a place to raise your family is tricky. A lot of families have been opting to live in condominiums because of the perks it provides. With lots of choices available, it can get overwhelming. Some families in Metro Manila are starting to relocate to other provinces like Bacolod, Cebu, Boracay, to start their new lives in a thriving city. Factors like schools, location, and work available is a given when considering buying a property. Luckily, Cebu, the Queen City of the South can check them off your list.
Here are some of the reasons why condo-living in Cebu is a smart choice for your family.
A Certified Economic Hotspot
Cebu is one of the top Philippine tourist destinations to visit and to invest in (1). The Mactan-Cebu International Airport (MCIA) handled 5.76 million passengers for the first half of 2018, a 12.50% increase compared to 2017. (2) Alongside the growing fraction of local and international tourists, new developments are also on the rise in Cebu. With these economic improvements, more people are starting to consider Cebu as a good place to settle down. This means that moving to this city provides growing opportunities for families who want to launch or expand their business. As tourism creates a boost in the city’s overall performance, a surge in economic growth is expected in the years to come.
Fall in Love with the Beauty of Cebu
The hospitality of Cebuanos makes living in Cebu even more enticing. They are very welcoming to tourists and are warm and friendly when interacting with newcomers and guests. It is one of the deciding factors why more people are settling down in Cebu. Aside from Cebuano hospitality, Cebu is also graced by pristine beaches like Moalboal, Malapascua Island, and Bantayan Island. Living in a place where you can just easily relax on a beach is also one of the great factors why people are actually investing in condominiums and properties in the area. The food in Cebu is also one for the books. Delicacies like the Cebu Lechon are making waves not just here but also abroad. Festivities like Sinulog also make it more exciting for interested local and foreign dwellers.
Ease of Travel with Mactan’s New International Airport
Mactan Cebu International Airport Terminal 2 (MCIA) was inaugurated on June 7, 2018 and commenced operations the month after. (3) The world’s friendliest airport changed the ballgame for the city as it launched a new gateway that opened Cebu to the world. Since then, MCIA has been recognized globally for its stellar design, and has won the much-coveted 2019 International Architecture Awards (IAA) for its unique eco-friendly Filipino-themed design. (4) Overall, the airport has improved and has made travel more fun and convenient for everyone.
Family-Friendly Condominiums are on the Rise
Living in a condo unit eliminates many logistical problems that one encounters when staying in a house. It also makes one belong to a community with thoughtfully designed spaces and allows access to a set of amenities. This gives each member of the family something to enjoy. This has been a long-standing commitment of 32 Sanson by Rockwell.
32 Sanson is a rarity in that it is surrounded by greenery and other amenities that adhere to the needs of every member of your family. In addition to its convenient location, 32 Sanson also has a playground, an expansive green lawn, a fitness gym and a swimming pool.
The master-planned development consists of residential towers, with units for sale sitting atop 3.2 hectares of artfully landscaped greenery. For potential buyers who want to immediately move into their units, its third tower, Buri, has recently been turned over for residents to enjoy.
For buyers looking at securing their units from the property; the Solihiya tower is already pre-selling.
As a premium developer, Rockwell Land understands the needs of a growing family and caters to its community’s needs in the most serviceable manner possible. Looking for a condo for sale in Cebu is now easier with Rockwell adding its roster of prestigious residential developments in the city.
Living in Cebu is a smart choice for any family. There is so much promise in location, marvelous nature, vibrant culture, and thriving economy that condos for sale in Cebu can provide for any growing family in the long run.
In a time when convenience has become the ultimate luxury, residential developments have gotten creative in carving out spaces for even the most discerning market. Having amenities within reach is one of the factors to consider when choosing a living space.
It is also important that these amenities go beyond simple functionality. How a developer marries indoor and outdoor spaces for a seamless and elevated community can be a huge draw for homebuyers.
At 32 Sanson by Rockwell, the serenity of nature and the modern conveniences of urban living are reflected in the flourishing foliage surrounding the 3.2-hectare property, as well as in its central and accessible location. Upon entering the gated development, the design aesthetics in and around its residential towers will transport one to a tropical paradise that seems far-flung.
For a glimpse of the Rockwell lifestyle, here are some of the myriad of activities residents can do without having to leave the estate.
Spend weekends wading in the pool.
Although pools are not uncommon for a real estate development in a locale with a balmy climate like Cebu, there should be that extra touch to create a backyard space that’s truly remarkable.Enjoy some alone time doing laps at one of the two pools, or have a splashing good time with the family—either way, prepare to soak up the verdant view of the gardens in between swims.Brush up on your athletic skills or take up a new one.
Residents of all ages and ability levels can play their favorite sports anytime right in their own backyard. Cleverly designed to accommodate one’s passion, hobbyists and athletes alike are welcome anytime, whether they’re into one-on-one matches or team sports.
Less screen time, more outside play for kids.
Children are only young once, so it’s best to make their formative years count. Create fun and lasting memories with and for them by taking them outdoors more often. At 32 Sanson’s lawn and private playground, parents can find respite within the serene space while the kids can have unbridled fun in a safe environment.
Celebrate life’s moments. Gather loved ones and guests for special occasions such as birthdays, anniversaries, graduations, and the like. Toast to milestones in one of the function rooms that can host soirees and other affairs. The clubhouse is a tastefully appointed space that looks just as exquisite during the day as it does at night.
Stay active year round.
Maintain fitness goals with the fully equipped gym that comes with a picturesque view. With a gym that’s a stone’s throw away, squeeze in a quick workout before heading to work or on weekends.
Feast on new and familiar flavors.
n the mood for international dishes or maybe some cakes and pastries? No need to brave the traffic outside as 32 Sanson by Rockwell is also home to Kayu Kitchen + Bar and Marisse Patisserie. Both proudly homegrown, Kayu serves up traditional western dishes infused with Asian techniques, while Marisse Patisserie whips up sweet confections inspired by friends, family, and travels.
Whether it’s taking a leisurely stroll around the property, working up a sweat before another workday, or relaxing in one’s abode, 32 Sanson by Rockwell has something to complement every lifestyle.
With units that range from studio to four-bedroom configurations, one can find the ideal dwelling whether it’s for a single young professional or a small family. Be part of a community that’s already flourishing and thriving, and where convenience is not just a promise.
Some travel destinations will fondly linger in one’s memories.
Such are the getaways that have given you a relaxing haven, a peaceful respite that never lost its luster no matter how many times you’ve been there in the past—and which, it seems, only gets better every time you visit. For some, it’ll be those destinations that have given them an idyllic sanctuary by the sea, with their stunning sun-kissed coasts, shimmering blue waters, and breathtaking sunset views you can soak in while frolicking on pristine beaches—such that the mere thought alone already fuels that deep longing to be there.
In the Philippines, some islands hold an enduring allure that captivates guests many times over. Among them is Mactan—one of the tourist islands of Cebu, a province that has been cited several times by Condé Nast as one of the world’s best destinations.
This island alone has long been a favored destination by many tourists, owing to its diverse array of attractions, from its beaches, diving and snorkeling sites, to its heritage attractions, delectable cuisine and island hopping adventures. It has in fact been called many times as a diver’s dream, a beachgoer’s haven. Indeed, within this 65-sq. km. island are hidden gems that could easily fill up your week’s itinerary.
Unique to this destination, however, is the fact that despite the many pursuits that can be had here, it continues to offer a safe and peaceful sanctuary to many—in fact, some even love this about Mactan so much that they have decided to relocate in this paradise haven.
Fusion of modern, idyllic
There are a lot of things that endear one to Mactan.
For one, it’s highly accessible given that the island is home to the iconic, world-class Mactan-Cebu International Airport, which is an apt showcase of Cebuano culture, artistry. It’s easy to get around, too, given the ample availability of public and private transport options. And because of the many infrastructure projects in the province, traveling from Mactan to other parts of the province such as its capital, Cebu City, has been made much easier.
Setting foot in Mactan Island meanwhile, you’ll see a seamless fusion of the modern and idyllic, offering an unfussy charm that makes it a perfect getaway. On one hand, the island has a thriving center filled with all the modern essentials, establishments like retail centers, dining destinations and banks, as well as institutions you may have a need for. On the other, you have the stunning coasts filled with upscale, stylish resorts and beaches that allow you to have an exclusive peaceful respite amid the bustle.
Clearly, Mactan offers not only a sweet travel escape, but also a premium property investment option. Colliers Philippines has said that Mactan is poised to capture business expansions outside Cebu City. And the rising number of new businesses here is seen to further prop up demand for offices and even residential condominiums.
Soon, a new concept offering unparalleled respite and a refined upscale lifestyle will give you even more reasons to be in Mactan.
Rising here is the 5.2-ha Aruga Resort and Residences-Mactan, an exclusive sanctuary turned into an exquisite residential-resort development by Rockwell. Located along Punta Engaño, this private escape does not only offer a premium innovative residential concept that mixes the perks of resort relaxation with Rockwell’s signature community living.
Beyond this, Aruga Resort and Residences-Mactan also offers a priceless nostalgic retreat that takes you back to your happy, carefree childhood days of running barefoot on the beach under the tropical sun, while enjoying the tickly, gritty feel of the sand on your toes and the waves crashing on the shore. It offers a refreshing way to commune with nature and revel in the simple joys of breathing fresh air and feeling alive. And today, you can have a home in this paradise island and relive cherished memories as it offers a little over 250 units, including exquisite beachfront villas.
Future residents and guests can soon revel in its soothing atmosphere by its 270-meter private beach, take a refreshing dip in the pool, explore the taste of Cebu at the resort’s floating dining hall, or simply take a breather within the property’s lush, well-manicured gardens and open spaces. Cap off the day with some gorgeous, serene views of the Hilutungan Channel and Magellan Bay by your balcony.
Aruga Resort and Residences-Mactan is indeed another reason to rediscover Mactan, offering a chance to create new memories, strengthen bonds with loved ones and reconnect with nature. Revel in the realization of your dream destination, seamlessly fusing the modern and idyllic, the bustling and the peaceful, the rustic and opulent.
CEBU CITY, Philippines — Cebu City is among the top cities preferred by online Filipino property seekers for the year 2019.
Lamudi, one of the world’s leading digital real estate portal, revealed this in their Real Estate Market Review 2019 published on January 16, 2020.
“2019 was a strong year for the real estate sector. Major cities all over the Philippines have shown interesting performance, and this has led to more opportunities in the office, residential, and retail sectors nationwide,” said Lamudi.
Cebu City ranked fourth in their Top 5 most popular cities for 2019, next to Makati City. It’s the only city outside Metro Manila which made it to the list.
“Cebu City is one to watch, as residents from this city account for 87.56 percent of page views generated in Visayas,” the report added.
Quezon City topped the list, which was followed by Makati City at 2nd, Manila City at 3rd, and Taguig City at 5th.
Lamudi cited high influx of tourists coming to Cebu City as one of the factors, as well as the demand for office spaces brought by Business Process Outsourcing (BPO) companies.
“The high influx of tourists coming to Cebu City has also propelled a higher demand for condominiums in the area,” it stated.
For the first 11 months of 2019, the Department of Tourism (DOT) announced that Cebu is the second most preferred tourist destination for foreign visitors, next to Boracay Island. DOT recorded 1.4 million arrivals for Cebu.
Quoting findings from Colliers International Philippines’ Cebu Property Market Report, Lamudi said the growth of BPO industries fueled the island’s economy, and ‘encouraged investments for the development of more office spaces’.
“Investments in Cebu’s BPO and IT-related industries have also fueled the demand for horizontal and vertical residential developments,” they said.
Meanwhile, Lamudi also revealed that millennials, who make up 43.98 percent of pageviews for properties listed in Visayas, are also looking for job opportunities in the region, as well as potential property ownership, due to Cebu City’s continued economic growth.
Aside from Cebu City, Lamudi said cities outside the National Capital Region showing strong interest in real estate properties are Bacoor, Davao, Angeles, and Antipolo.
With 39.24 percent of total leads in Lamudi’s website, the report showed that condominium was the most popular property type listed in Lamudi for 2019 — both for sale and rent.
“Condominiums may be utilized as one’s primary residence or as a rental investment. With the increasing demand for condominium units in metropolitan areas, it is advisable to buy during the pre-selling period as the property value of condominiums increases near the development’s completion,” Lamudi added.
It also revealed that more property seekers are opting to buy real estate than renting them.
“Property seekers on Lamudi are more interested in buying (60.59 percent) than renting (39.41 percent), with their budget able to accommodate for-sale properties up to P20 million or for-rent properties up to P1 million. In the more affordable segment, the majority of seekers look into the P5,000 up to P15,000 price range,” Lamudi said.
Meanwhile, Dubai in the United Arab Emirates (UAE) hosted the most number of property seekers showing interest on the Philippines’ real estate industry.
“One explanation for the sustained growth from Dubai, which was also the top overseas city in 2018, can be attributed to OFWs (Overseas Filipino Workers) wanting to buy their own property to settle in once they get back to the Philippines,” said Lamudi./dbs
by: Cheyenne Hollis is Editor-in-Chief at Dot Property Group and Thailand Property.
While the COVID-19 pandemic slowed many real estate sectors in the Philippines, demand for industrial and logistics space actually increased. Several experts believe the sector will remain a bright spot for the country’s property market in the coming months and possibly years.
This was one of the key takeaways from The Future of Logistics: Moving Beyond the Pandemic panel discussion organized by Santos Knight Frank.
“During the ECQ period, demand for industrial and logistics space rose for essential goods. In the following months, we expect demand to be more stable compared to the other real estate sectors. This demand is encouraged by the shift to e-commerce and the subsequent effects on demand for logistics, cold chain, warehouse, and other industrial services,” Kash Salvador, Santos Knight Frank Associate Director of Investment & Capital Markets, stated.
Health and wellness now, manufacturing in the future
According to William B. Chiongbian II, Group President & CEO of Fast Logistics Group, the Philippine logistics industry is in a prime position to support growing demand for health and wellness products.
“The quality of food will matter, and health and wellness will start to take a front seat in a developing country like the Philippines. With the right recipes from entrepreneurs, local government, and delivery enhanced by information technology, the industrial real estate infrastructure will be in the right place,” Chiongbian said.
Looking ahead, the Philippines could become a manufacturing destination in Asia as long as the industrial sector receives the proper support.
“With the right real estate infrastructure and support from the government, we’ve got to act together within the industrial sector that the Philippines is still one of the best manufacturing destinations. We need to work together to enhance what this country has to offer,” Chito Zaldarriaga, President of the Philippine Ecozone Association (Philea), explained during the discussion.
Industrial sector outlook remains positive overall
The industrial sector is expected to remain resilient moving forward. Howver it is important for those in the sector to rethink strategies in order to best take advantage of new opportunities that arose from the COVID-19 crisis.
“The industrial sector is all about the basics: basic space, food security, storage, and all the things you need in a crisis. This crisis is a realization that people are always going to need the industrial and logistics sector, and there is huge opportunity here,” Rick Santos, Chairman & CEO of Santos Knight Frank, noted.
Hard work, grit, and persistence—these are the traits exhibited by the titans of industry in the Philippines.
The contributions of these leaders have improved the quality of our daily lives. Cheers to these exceptional Filipinos who are making a difference in their respective fields of business.
One of the country’s wealthiest individuals, Enrique “Endika” Aboitiz, is the director of the Aboitiz Group of Companies and president and CEO of AWC Philippines. Most recently, he made headlines for investing in QEV Philippines Electromobility Solutions and Consulting Group Inc., a company that hopes to make the “green” jeepney a standard.
The grandchild of Aboitiz patriarch Don Ramon Aboitiz, Erramon Isidro “Monchu” M. Aboitiz is the current president and chief executive officer of Aboitiz Equity Ventures, Inc (AEV), which was founded by Paulino Aboitiz in the 19th century as an abaca-trading and general merchandise business. Today, the company is involved in a wide span of industries, including power, banking, food, land development, and biofuel.
With his appointment as chief executive in 2009, according to Rappler, he “transformed the once family-owned business into a publicly-listed conglomerate currently with more than 20,000 employees and, as of the first half of 2013, a consolidated net income of P11.9 billion.” Forbes estimates Aboitiz’s net worth at $130 million. He holds a Bachelor of Science degree in Business Administration with a major in Accounting and Finance from Gonzaga University in Spokane, Washington.
Sabin Aboitiz is the CEO and president of the country’s leading flour milling company, Pilmico Foods Corporation. In addition to this, Aboitiz is also the EVP and COO of Aboitiz Equity Ventures Inc. He graduated with a degree of Bachelor of Science in Business Administration from Gonzaga University in Spokane, Washington.
Margaret Gaisano Ang
Margaret Gaisano Ang has served as director, corporate secretary, and treasurer of Metro Retail Stores Group, Inc. (MRSGI) since 2003. She also holds directorship posts at Vicsal Development Corporation, Taft Property Venture Development Corporation, Vicsal Securities and Stock Brokerage, Inc., Filipino Fund, Inc., Grand Holidays, Inc., Manila Water Consortium, Inc., and Maric Ventures, Inc.
Gaisano Ang is a University of San Carlos graduate and holds a Bachelor of Science degree in Commerce, major in Accounting—making her a certified public accountant.
One of the Philippines’ top tycoons, Ramon Ang is the president and chief executive officer of Top Frontier Investment Holdings, Inc., San Miguel Corporation’s largest shareholder. Ang started out selling used Japanese truck and car engines and eventually did business with Eduardo Cojuangco by selling aluminum wheels. In 2017, he ranked 10 among Forbes‘ list of the Philippines’ 50 Richest.
Antonio is a co-founder and now chairman of Century Properties and its subsidiaries. Two years ago, the real estate company made a whopping $130 million in sales. Antonio, however, doesn’t limit his trades to real estate. He is also the president-appointed special envoy to the United States.
Under the management of Vivian Que-Azcona, local pharmacy chain Mercury Drug accumulated P123.2 billion in revenue in 2016. With a net worth of $230 million, Que-Azcona is listed as one of the richest women in the Philippines. She inherited Mercury from her father, Mariano Que, who died in March last year. Today, the chain has over 1,100 branches nationwide.
Businessman Ben Chan built the retail empire now known as the Suyen Corporation, out of a single brand of clothing—Bench. It started as a men’s brand sold at SM department stores in 1987, and has expanded to the country’s largest retail clothing chain with dozens of foreign and homegrown brands under its helm. It has also gone global, setting up shop in the U.S., the Middle East, and China.
Lucio and Susan Co
On Forbes’ annual list of the country’s wealthiest, names usually appear as single entries, but in the case of Lucio and Susan Co, the couple was jointly listed as number 11 with a combined net worth of $1.8 billion. This self-made husband-and-wife tandem credit their fortune to Puregold Price Club, which they founded in 1998 and expanded to about 300 branches around the country today. Lucio serves as chairman, while Susan is vice chairman, and they are also the group’s largest individual shareholders, with 7.6 and 6.4 percent respectively.
Ferdinand Vincent Co
The eldest child and only son of Lucio and Susan Co, Ferdinand is president and director of Puregold Price Club and the president of 514 Shaw Property Holdings, Inc. and KMC Realty Corporation. He also owns millions of Puregold shares, making him a peso billionaire.
Robert Coyiuto Jr.
The 14th richest man in the country, Coyiuto owes much of his wealth to Prudential Guarantee Assurance, the non-life insurance company of which he is currently chairman and CEO. Other sources of wealth include a 30 percent stake in the National Grid, as well as in Oriental Petroleum and Minerals. He also owns PGA Cars, which locally deals luxury car brands Porsche, Audi, Bentley, and Lamborghini.
Eduardo “Danding” Murphy Cojuangco Jr. is chairman of San Miguel Corporation, “one of the Philippines’ most diversified conglomerates, generating about 5.1 percent (as of 2015) of the country’s gross domestic product through its highly integrated operations in beverages, food, packaging, fuel and oil, power, mining and infrastructure.”
Isidro’s brother, Victor A. Consunji, takes his place in their father’s business as director of DMCI Holdings Inc., while he is also vice chairman, president, and CEO of Semirara Mining & Power Corp and DMCI Power Corp.’s chairman and CEO.
Down south, Paul Dominguez runs C. Alcantara and Sons, Inc., a manufacturer of plywood and wood products in Davao that also exports materials internationally. He is now also an alternate director at the Asian Development Bank and was once a director of Phoenix Petroleum.
Jack S. Gaisano belongs to the prominent Gaisano family through his parents Victor and Sally Gaisano, the founders of Metro Retail Stores. Gaisano finished at the University of San Carlos and holds a Bachelor of Science degree in Chemical Engineering, and has completed several courses at the Institute of Corporate Directors. He currently holds the title of director of Metro Retail Stores Group, Inc. (MRSGI), which has over 45 multi-retail stores located in key cities in Visayas, Luzon, and Metro Manila. He is also chairman and president of Taft Property Venture Development Corporation, Midland Development Corporation, and Vsec.com Inc. as well as president and vice chairman of HTLand, Inc. Previously, he held the position of chairman and president from 2003 to 2011. He also served as director for Vicsal Securities and Stock Brokerage, Inc. from 1989 to 2009.
Attorney Augusto “Gus” Go is the son of Manuel Gotianuy, the founder of Visayan Surety & Insurance Corp. Go is the founder and president of the University of Cebu and chairman of Toyota Cebu City. He is also chairman of the Board of Aspac Rural Bank Inc., Cebu Central Realty Corp. (Elizabeth Mall), Cebu Coliseum Complex Inc., Metro Ferry Inc., Visayan Surety and Insurance Corp., and AWG Development Corp as well as chairman of the board of the College of Technological Sciences-Cebu, president of Cebu Eastern College and a member of the board of Sacred Heart School-Jesuits. In 1987, he served as appointed vice mayor of Cebu City. The Cebu-based tycoon is known as “the man who makes education accessible to those who have less in life.”
John Gokongwei, Jr.
Though his many businesses have extended far beyond Cebu, Filipino-Chinese magnate John Gokongwei was born and raised in the southern city. Gokongwei had a privileged childhood, but at 13, after the death of his father, his family lost everything. To make ends meet, he peddled items to sell and engaged in trading. These all contributed to his eventual success and in 1957, he founded JG Summit Holdings. Today, Forbes estimates Gokongwei to be worth around $5 billion.
The eldest of John Gokongwei’s children, Robina Pe joined the retail industry in the ‘80s when she worked at the first Robinsons Department Store in Manila as a receiving clerk at the warehouse. As time went on, her responsibilities grew and this year, she left her post as Robinsons Retail Holdings Inc. COO and was named its new CEO, as well as its president and director. She graduated with a degree in journalism from New York University.
There’s been a huge shift in JG Summit Holdings Inc.’s management lately, as Lance Gokongwei was appointed the conglomerate’s new CEO on April. He takes over the role once held by his uncle, James Go, who is now the group’s chairman emeritus. Apart from that, he is also the CEO of Cebu Air Inc., Robinsons Land Corp., and chairman of Robinsons Retail Holdings.
Together with her late husband Andrew, Gotianun founded the Filinvest Development Corp., which the couple started in the ‘50s. Filinvest now boasts of a net profit that increased by 21 percent last year, with revenues coming in from its stakes in banking, property, and power generation. Gotianun has, however, taken a step back and has left the management of the company to her daughter, Josephine.
Earlier last month, Stores Specialists Inc. (SSI) kicked off its 30th anniversary and no one could have been prouder than Anton Huang, the group’s president. The son of Nedy Tantoco certainly inherited his mother’s and grandmother’s business sense, as SSI, the retail arm of the Rustan’s Group of Companies has steadily diversified under his helm. As SSI reaches another milestone, Huang mentioned in an interview that the company plans to increase its F&B brands next. It’s off to a great start with the recent announcement of SSI bringing in U.S. fast food chain Shake Shack to the Philippines.
Jean Henri Lhuillier currently serves as the CEO of P.J. Lhuillier Inc., the biggest financial services provider in the Philippines, apart from banks. The company is reportedly worth $180 million.
He also heads the PJ Lhuillier Group of Companies’ social responsibility arm, the Cebuana Lhuillier Foundation, Inc. The non-profit organization was established in 2000 to “help the country’s economy by giving scholarships to deserving students including the handicapped youth.”
The heir apparent to the Suyen Corporation, Bryan Lim is the son of Ben Chan’s sister, Nenita Lim and her husband Virgilio. He had always played some part in the family business, from the time he spent in product development until his time now as vice president for business development. With his current position, Lim’s primary task is to see a deal with potential partners through the entire negotiation process. He was behind bringing in brands like Aldo, Charles & Keith, La Senza, and Mothercare to the Philippine market.
After his father Oscar Lopez stepped down in 2010, Federico “Piki” Lopez took over as chairman and CEO of power conglomerate First Philippine Holdings Corp. (FPHC). He also heads several of the Lopez family’s businesses, including ABS-CBN Corporation, Rockwell Land, NLEX Corporation, First Gen Corporation, and the Energy Development Corporation.
As chairman of ABS-CBN Corporation, Martin “Mark” Lagdameo Lopez, has investments in various media formats and types: television, radio, cable telecommunications, and film production. He was previously the vice president and chief information officer of Manila Electric Company (MERALCO), the Philippines’ largest distributor of electrical power.
Doris Magsaysay-Ho had been groomed to take over the family business founded by her father, Robert Ho, and her uncle at an early age. She shows no signs of intimidation in being a woman in a man’s world. The shipping magnate is currently chairman and president of her family’s Lorenzo Shipping Corp as well as CEO and president of the Magsaysay Maritime.
Nico Nolledo’s rags-to-riches story exploded on the internet four years ago. Online articles painted him as the former KFC employee who turned into an IT billionaire. The respectable businessman turned his luck around and is now chairman of Xurpas, an IT company he co-founded almost two decades ago. He recently stepped down as its CEO but continues to hold directorships in other companies such as the startup Eden Holdings. He had also founded the popular forum website PinoyExchange.
Filipino businessman Roberto Ongpin descended from one of the most influential and enduring families of the Philippines. He graduated from Ateneo de Manila University and earned his master’s degree from Harvard University. In its latest ranking, Forbes ranked him as the 12th richest Filipino. As of June 2018, he has a net worth of $1.46 billion from his ventures: real estate development, resort development, mining, energy, and transportation.
As managing director of National Book Store, Xandra Ramos-Padilla is taking great care of her grandmother, Soccoro “Nanay Coring” Ramos’s business. One can annually expect great things from the bookstore chain. On its 76th year, National Book Store announced days ago that it’s opening its store concepts for franchising. This new development is in line with the company’s goal to have 500 stores open by 2020, reports Entrepreneur Philippines.
Enrique Razon, Jr.
Though Enrique Razon, Jr. inherited International Container Terminal Services, Inc., he was instrumental in its growth as the leading container-port terminal service in Manila, Subic, Batangas, General Santos City, Poland and Brazil. As of June 2018, Forbes estimates his real net worth at $3.8 billion.
Edgar Saavedra and Michael Cosiquien became the youngest billionaires in the country when they entered the construction business by starting Megawide Construction two decades ago. Saavedra, now president of Megawide, steered the company into a territory dealing with diverse construction and social infrastructure projects. In managing the Mactan Cebu International Airport, Megawide has become the country’s largest private airport operator.
In 2003, Edgar “Injap” Sia co-founded barbecue chain Mang Inasal. It quickly grew and by the time it was acquired by Jollibee it had 338 branches in the country. After selling 70 percent of his ownership to Jollibee, he became the youngest billionaire in the Philippines. Currently, he holds the title of chairman at DoubleDragon Properties, the developer of shopping mall CityMall. As of August 2017, Forbes estimates his net worth at $820 million.
Henry Sy, Sr.
For the tenth year running, Henry Sy is the country’s richest man, estimated to be worth $19.2 billion by Forbes Magazine. Though Sy, 93, has long since transferred power in his various companies to his six children, he still remains the most powerful in the Philippines and Southeast Asia.
Henry Sy’s eldest daughter, Tessie Sy-Coson, is SM Investments Corporation (SMIC)’ vice chairwoman. In 2001, she notably started turning BDO Unibank Inc. into “into the country’s biggest lender” through an acquisition spree.
Henry Sy, Jr.
Henry Sy, Jr. is co-vice chairman of SMIC and chairman of SM Prime Holdings, Inc. and Highlands Prime, Inc. Most recently, he launched a cement business named Big Boss Cement Inc. which will use volcanic debris from Pampanga as its source.
In 2016, Henry Sy Sr.’s fourth child, Hans, stepped away from his role as president of SM Prime Holdings Inc., much to the surprise of the businessmen around him. While he still sits on the board of China Bank and SM Prime, Sy is cooking up something new in the realm of arts and culture. Soon, a replica of an 18th-century galleon built in Cavite will rise at the Mall of Asia Complex. Sy and SM Prime Holdings are major collaborators in this project, which is poised to become a museum featuring the history of galleon trade within 8,000-square meters of exhibition space. He has also taken up a greater part in managing the National University.
In June, Kevin Tan received a huge promotion when his father Andrew Tan relinquished his role as CEO of Alliance Global Inc. The 38-year-old eldest son has held various senior roles within the company for two decades. Tan juggles this new role with directorships in other AGI companies like Emperador Inc., Empire East Land Holdings Inc., and Golden Arches Development Corporation. The conglomerate also cited Tan’s contribution in helping Megaworld hit a record-breaking P13 billion in rental revenues last year.
Multi-industry tycoon Lucio Tan is the chairman of Philippine Airlines, Inc., Asia Brewery Inc., Eton Properties Philippines, Inc., Fortune Tobacco Corp., PMFTC Inc., Grandspan Development Corp., Himmel Industries Inc., Lucky Travel Corp., PAL Holdings, Inc., Air Philippines Corporation, Tanduay Distillers, Inc., and Tanduay Brands International, Inc., to name a few. Tan is ranked fourth at Forbes’ list of 50 Filipino billionaires.
Michael Tan is president and chief operating officer of the LT Group as well as the director and chief operating officer of Asia Brewery, Inc. Tan holds a number of positions in his father, Lucio Tan’s companies. He holds a Bachelor of Science degree from the University of British Columbia.
The son of Lucio Tan, Lucio “Bong” Tan Jr. heads Tanduay Distillers Inc and Eton Properties Philippines Inc. The industrial scion is likely to succeed his father’s conglomerate, LT Group along with his brother, Michael.
Bienvenido Tantoco, Sr.
At 97, the Tantoco patriarch is worth $190 million, keeping him on Forbes’ list of top 50 billionaires in the country. In the ‘50s, “Lolo Benny,” as he is fondly called by those close to him, co-founded the Rustan’s Group with his wife, Glecy. The business is now mainly run by the second and third generation of the clan.
Bienvenido Tantoco III
Donnie Tantoco has taken the reins at Rustan Commercial Corp. and currently sits as its president. The third generation Tantoco has often cited his grandparents as a source of inspiration and wisdom when it comes to running the business.
Nedy Tantoco learned the value of hard work at an early age, when she worked as a preteener back when Rustan’s was a humble gift shop at her childhood home in San Marcelino. “I never wanted to do anything else,” she told Town&Country in a past interview. Today, Tantoco runs the show as chairman of the family-run Rustan’s and it continues to be a leader in the country’s luxury retail scene.
Tony Tan Caktiong
Tony Tan Caktiong needs no introduction. As the founder and chairman of Jollibee Foods Corporation, he’s made countless Filipinos happy with fast food chains Jollibee, Red Ribbon, Chowking, Greenwich, Manong Pepe’s, and Mang Inasal. He is also the co-chairman of DoubleDragon Properties along with Edgar “Injap” Sia.
Filipino banker and business magnate George Siao Kian Ty earns a spot on the list for founding Metropolitan Bank and Trust Company, the second largest bank (assets and capital) in the country. He also heads GT Capital Holdings as chairman emeritus. The holding company has interests in banking, auto, property development, power generation and insurance, and owns hotels with the Grand Hyatt and Marco Polo brand. His net worth totals at $3.1 billion, as of June 2018.
George Ty’s eldest son, Arthur, currently acts as chairman of Metrobank and GT Capital Holdings, Inc. He also serves as chairman at Global Business Holdings, Inc., First Metro Investment Corporation, Philippine Savings Bank, and Philippines AXA Life Insurance Corporation.
The son of George Ty, Alfred, is the vice chairman of Toyota Motor Philippines Corp. He also holds positions at Federal Homes Inc., Lexus Manila, Inc., and Federal Land Group of Companies, and more. Ty earned a Bachelor of Science degree from the University of Southern California.
The Davao-based businessman has steered the growth of Phoenix Petroleum from a once-small oil-distribution business to a major player on the national stage—it was the first Philippine-owned independent oil company to be listed on the Philippine Stock Exchange in 2007. In more recent years, he’s started to expand the empire: He bought a franchise in the Philippine Basketball Association last year, is currently developing a casino and resort in Cebu, and just completed the acquisition of hospitality educational institution Enderun Colleges.
Though he’s known as the chairman and founder of Golden Arches Development Corporation (McDonald’s Philippines), George Yang also has ventures in real estate development and marketing of consumer products. He also serves as the president of First Georgetown Ventures Inc., Fun Characters Inc., Fun Characters International Pte. Ltd., and Kristin Management & Development Corp.
Yap has his foot in the hospitality and services industry as a chairman of the Manila Hotel Corp. But apart from that, he’s also widely known as the chairman of Euro-Med Laboratories and a chairman at the Manila Bulletin Publishing Corp. He graduated with a degree in Commerce from De La Salle University and pursued further studies by completing his Master’s Degree at the Asian Institute of Management.
Although she was not an only child, Yuchengco-Dee was always seen as her late father Alfonso’s successor. She serves as chair of RCBC, Malayan Insurance and House of Investments. She also holds directorships in several of the Yuchengco firms, including RCBC Forex Brokers Corporation, Great Life Financial Assurance Corporation, and Petrogreen Energy Corp.
Fernando Zobel de Ayala
Fernando Zobel de Ayala has been president and chief operating officer of Ayala Corporation since 2006. He leads the Ayala Group, along with his brother Jaime Augusto, as seventh generation Zobels. Zobel de Ayala also holds positions in Ayala Land, Inc., Manila Water Company, Inc., Bank of the Philippine Islands, Globe Telecom, Honda Cars Philippines, Inc., Isuzu Philippines Corporation, Pilipinas Shell Petroleum Corp., and Manila Peninsula, to name a few.
Jaime Augusto Zobel de Ayala
A member of the prominent Zobel de Ayala clan, Filipino businessman Jaime Augusto Zobel de Ayala is undoubtedly one of the country’s most powerful. Zobel de Ayala has been the chairman of the board and chief executive officer of Ayala Corp. since April 2006. He is also chairman of the board of directors of Globe Telecom, Bank of the Philippine Islands, and Integrated Microelectronics Inc. (IMI), among others. For his contributions, he was awarded the Presidential Medal of Merit in 2009 and the Philippine Legion of Honor, Rank of Grand Commander in 2010.
Jaime Zobel de Ayala
Even though he retired in 2006, Jaime Zobel de Ayala still ranks as fifth in Forbes‘ 2017 list of the Philippines 50 Richest. A third of the Ayala Group is currently controlled by his seven children: Jaime Augusto, Fernando, Beatriz Susana, Patricia, Cristina, Monica, and Sofia. As of 2017, his net worth is estimated to be $3.7 billion.
Inigo and Mercedes Zobel
Enrique Zobel attained success in real estate, construction, insurance, and agriculture. Of his two surviving children, Inigo is the more visible—an astute businessman, he’s also a fixture on the polo circuit. Enzo’s daughter Mercedes (Dedes) prefers to keep a low profile, choosing to engage in philanthropy.
For the longest time, Metro Manila has been the most prized location for real estate investments. Even a small, studio-type condo in Taguig or Makati generates huge returns. Plus, you will never have to worry about the market because there’s always a buyer or renter who’s willing to pay. But with the coronavirus crisis, things are changing.
Based on Lamudi’s data, there’s been a strong, brewing interest in locations outside the metro for the past months, since the community quarantine started. While the capital region remains to be in demand, a lot of provinces are getting a share in the real estate market’s attention. Ultimately, this should compel investors to look beyond Metro Manila.
To borrow what everyone has been throwing a lot lately, you need to embrace the new normal in property investment. That is, consider pursuing rental properties in these provincial hotspots, which, combined with Metro Manila, received over 80 percent of inquiries on the Lamudi platform from February to April 2020:
The Queen Region of the South reigns in real estate opportunities, especially because its capital has maintained its status as one of the richest cities in the country. In terms of house and lot investments, you can check out the units at Primary Homes’ Argao Royal Palms in Argao, MCJR Development Corp’s Vista de Bahia in Consolacion, and Aboitizland’s Almiya in Mandaue. For condos, there’s Megaworld’s One Manchester Place in Mactan and Taft Properties’ Taft East Gate in Cebu City.
EXISTING AND ON-GOING INFRASTRUCTURE PROJECTS IN CEBU:
These days, much of life revolves around the home–work, hobbies, and loved ones.
The value of a home has never been greater and the desire of owning one that is comfortable and safe no matter the situation is of great importance.
Here are four reasons why today is the right time to buy a home:
You Get Peace of Mind
Because of the pandemic, the government has always been reminding people to ‘Stay home. Stay safe’. Not only should a home be safe from the pandemic but from other emergencies and calamities as well, such as fires and earthquakes. The property a home seeker should look for must be able to provide utmost safety and security.
Cebu Landmasters Inc. was quick to implement safety measures on all their properties as soon as the pandemic reached the country. Its own property management, CLIPM, sees to it that strict precautionary measures are in place. They have stationed hand sanitizers in reception areas and other shared facilities, ensured the wearing of protective equipment, released health bulletins and social distancing reminders, implemented temperature checks in entrances, and doubled their efforts in the cleaning and sanitation of the whole property.
Aside from the COVID-19 sanitation measures, CLI prioritizes other safety protocols, specifically concerning fire and earthquake disasters. The properties are compliant with building codes, equipped with smoke detectors, fire sprinklers and extinguishers, and emergency exits.
All these contribute to reassuring residents, giving them the peace of mind their home is truly a safe haven.
You Enjoy Social Spaces Despite Social Distancing
One of the greatest challenges in coping with lockdowns is isolation. The people today are social beings. With no mall, park, or coffee shop to go to, it’s easy to slide into feelings of loneliness cooped up at home. There are communities, however, that offer vast social spaces offering different activities such as brisk walking, jogging, and other physical activities but still practice social distancing without ever leaving the subdivision or condo building.
Cebu Landmasters, for one, has open, green spaces and leisure amenities. One of its projects, One Paragon Place, the residential component of The Paragon Davao located in McArthur Highway, Matina, features a sky deck and an open lounge.
Meanwhile, Mivela Garden Residences, a development in Banilad, is planned to have a multi-level clubhouse with lap pool, zen garden, and outdoor lounges. These leisure amenities allow residents to relax, while still keeping themselves from possible infections outside.
You Get an Asset That Continues to Appreciate
Real estate is a smart and reliable investment. This will give better returns than keeping savings in the bank. When you do decide to sell your property in the future, you can generate a good profit out of it.
Take, for example, a 20-sqm studio unit at Mivela Garden Residences. When it was first launched back in September 2019, it was sold at two million. After eight months, it’s now priced at three million, a huge increase, considering the short span. Mivela Garden Residences in Banilad Cebu is one of CLI’s best-selling Garden Series.
Housing Payment Terms are more Affordable Today
Because of the pandemic, many developers today have more flexible and affordable payment terms.
In Cebu Landmasters, they are now offering more flexible payment terms, stretching the equity period to make it lighter for the pockets of homebuyers via their CLI Home Goals Promo.
Casa Mira Towers Mandaue, the 8th development of CLI’s flagship housing community Casa Mira, promotes 42 months of stretched equity. The studio unit now costs only 4,800 per month, while the one-bedroom unit is priced at 9,900 per month.
After years of waiting for favorable REIT rules and regulations to be approved, firms have no intention of letting COVID-19 derail share offering plans. DoubleDragon became the second Philippine developer to announce a REIT launch in 2020.
The Department of Finance, Securities and Exchange Commission, Bureau of Internal Revenue and Philippine Stock Exchange signed off on the new REIT rules at the start of the year. Developers had been lobbying for the rule changes for almost decade.
Ayala Land was the first developer to submit a REIT application in the Philippines, doing so in January. According to BusinessWorld, the Ayala Land REIT includes three commercial developments in Makati: Solaris One, Ayala North Exchange and McKinley Exchange.
Despite the COVID-19 pandemic causing a property market slowdown, Ayala Land Offices Head Carol T. Mills told the website that the firm is committed to launching its REIT in 2020.
DoubleDragon readies 2020 REIT launch
Developer DoubleDragon is preparing a PHP11 billion REIT launch that will take place during the fourth quarter. The company has decided to go ahead with plans to bring it to the market in 2020 despite economic uncertainty caused by COVID-19.
Both DoubleDragon and Ayala Land will reinvest money generated from the REIT launches into their respective businesses. According to Santos Knight Frank, this reinvestment will contribute to the growth of the entire Philippine property sector and is the main benefit of the new REIT guidelines.
Life in Apple One Banawa Heights is very beautiful, its very awesome and away from the hassle and bustle in City life. With its design and amenities, seems like you are living in paradise and yet, it is located at the heart of Cebu City.
Apple One Banawa is a 2.8-hectare residential development in Good Shepherd Road, Banawa, Cebu City (near MHAM College of Medicine). Positioned as a private and exclusive, distinctly themed gated subdivision. A first-of-its-kind in Cebu City.
It is a great investment opportunity, with its Ready for Occupancy (RFO) units, you can rent it out and earn the following month coz they have an easy move-in promo, and they also have Pre-Selling Units. Concept and design is inspired by one of the most renowned landmarks – the San Francisco Bay Area’s Pacific Heights.
Apple One Banawa Heights offers Towers (mix studio, 1-bedroom, 2-bedroom units), Villas (all 1-bedroom units), and Mansionettes (all 2-bedroom units), which are divided into private clusters such that on each floor you will only have five neighbors maximum. Investments and home living are best suites in this community. With its spectacular amenities, you will surely live like a King and Queen. Each building is inspired by the Victorian Aesthetics of San Francisco Bay Area but with a contemporary touch.
TOWERS (RFO) – few units left
Towers are mix of studio, 1-bedroom, 2-bedroom units
There are three (3) 12-storey towers inside the community, which are strategically located at the highest point of the property.
Each tower provides the majestic view of the sea and the city, from the highers floors.
The towers are in 6, 4, or 3 Private Clusters.
Each Private Cluster will be provided with exclusive elevators, for only 49 residents. And there will be a maximum of 5 units in a floor.
Amenities for each tower are located at the roof deck or ground floor which includes a swimming pool, an outdoor lounge and rooftop pocket gardens.
Tower 2 & 3 are Ready For Occupancy – 20% equity is payable for 24 months, can also be under the Early Move-in Promo of 12 months (5% Spot Cash, 10% in 12 months, and 85% thru bank).
UNIT TYPE SIZES:
Regular Studio – 24 sqm
1-Bedroom w/ balcony – 30 sqm
Penthouse – 87 sqm
VILLAS (30 SQM):
Villas are all 1-bedroom units,
There are two (2) types of villa: 2 Private Cluster and 3 Private Cluster.
Each Villa has 4-storeys, walk-up
Each Private Cluster will have a maximum of 23 residents, with six (6) units per floor. In between each buildings are landscaped gardens.
Amenities that includes a grand fountain, fully landscaped gardens, multi-function gazebo, boutique shops, swimming pool, parks & playground and basketball court, are located at the center of the development.
Villa 1 & Villa 2 are Ready For Occupancy – 15% equity is payable for 12 months, can also be under the Early Move-in Promo of 12 months (5% Spot Cash, 10% in 12 months, and 85% thru bank);
Villa 3 & Villa 4 are Pre-Selling – 20% equity is payable for 36 months;
Villas 5, 6, 7, 8, 9, and Villa 10 are Pre-Selling – 20% equity is payable for 48 months.
Mansionettes are all 2-bedroom units
Limited to 6 buildings only
Set in a private enclave with its own entrance
Each Mansionette has 3-storeys, walk-up, with 2 private clusters back-to-back.
It has a “mirror-effect” design.
There are no rear entrances. The façade of the building has a back-to-back front entrance.
Residents will be provided with its own swimming pool and a mini-park.
Pocket gardens and winding landscaped areas, park benches and lampposts are part of the design that render the Mansionette a very charming place to live in.
Floor area ranges from 37.50 sqm to 43 sqm.
Mansionette 1, 2, 3, & Mansionette 4 are Ready For Occupancy – 15% equity is payable for 12 months, can also be under the Early Move-in Promo of 12 months (5% Spot Cash, 10% in 12 months, and 85% thru bank);
Mansionette 5 are Pre-Selling – 20% equity is payable for 48 months;
100% Spot Cash with 10% Discount;
20% Spot Down Payment with 5% Discount and 80% thru bank financing;
20% Down Payment in 24 months and 80% thru bank financing;
15% Down Payment in 24 months, 5% Lump Sum on the 24th month, and 80% thru bank financing;
100% Deferred Payment in 24 months.
PROJECT SITE DEVELOPMENT:
PROPERTY LIKE THIS WON’T LAST THAT LONG, SO CALL US NOW!
The Curve Residences is the newest condominium for sale in Ramos, Cebu City, its a 20-storey project comprising of SOHO, Studio, and 1-Bedroom units.
The Curve Residences is located in a prime area which is a walking distance to universities and colleges in uptown and downtown areas of Cebu such as the University of San Carlos, Cebu Institute of Medicine, Velez College, Saint Theresa’s College, and the University of Cebu and many more.
An accessible address going to the busy centers (uptown and downtown areas) of Cebu. An address convenient for students, professionals, and starting families.
Walking Distance & Accessible to:
Cebu Institute of Medicine (CIM)
University of San Carlos (USC),
Cebu Normal University (CNU),
South Western University (SWU),
University of Cebu (UC),
Abellana National School
Cebu Doctors’ University Hospital,
Basilica of Santo Niño Church;
Crown Regency Hotel shopping centers like Robinson’s Place Cebu, Fuente Circle & Gaisano Colon.
Aruga Resort and Resideces – Mactan is a beachfront hotel fused with exquisitely designed residences in Mactan, Cebu. This 4.7-hectare sanctuary is nothing less than Rockwell’s boldest move yet.
Lined along the serene side of the island, Aruga Resort and Residences – Mactan is an innovative residential concept that mixes the perks of resort relaxation with Rockwell’s signature community living.
With only about 150 units, boasting of a 200-meter beach front, you can have your share in this exclusive paradise reserved for the country’s discerning elite.
Reside and retreat in this unique, tropical bliss.
Aruga Resort and Residences Mactan – My Kind of Neighborhood.
A private escape turned into a luxurious piece of real estate, Aruga Resort and Residences – Mactan is conveniently located along Mactan’s sophisticated string of hotels and leisure establishments.
Complementing the relaxing atmosphere by the beach, the propert’s open areas are adorned by manicure gardens, keeping the area cool and energizing.
The hotel and residential areas are seamlessly integrated, bringing the best experience for guests and homeowners alike.
Aruga Resort and Residences Mactan – My Kind of Sun.
Wake up to sun-kissed mornings.
Stroll along the shore, sand cushioning your every step adn the water tickling your toes. With 200 meters of private shores, you are enveloped in privacy.
If the sound of the waves won’t drown you worries, then a dip into the blue would definitely fill you with tranquility.
It’s a much-deserved retreat – your beachfront refuge awaits.
Aruga Resort and Residences Mactan – My Kind of Leisure.
Immerse yourself in peace. Drift into your personal realm of relaxation as you take a dip in the pool, accompanied by a picturesque view from every angle.
Leisure is taken up a notch in our facilities. Make time or your physical wellness a the private gym, complete with the latest in fitness equipment. Or make unforgettable memories at our fully serviced function rooms.
Rare Find: Brand New Fully Furnished Ready for Occupancy Condominium in Sundance Residences Banawa very near MHAM for only P4,000,000.00!
Its close to schools, churches, hospitals, malls and urban destinations. In the Building is a 24/7 Convenience store ( 7-11), a Japanese Restaurant, Nuat Thai, Skin 911 and a laundry shop. You can very well enjoy the city and mountain view in the balcony.
Location: along the main road in Banawa, Cebu City (infront of MHAM)
Unit type: STUDIO WITH BALCONY
Floor Area: 28.33 sqm
9th Floor facing nature/ mountain
1.5 HP window type A/C
4 cubic meter Refrigerator
Dining Table & Chairs
Hot and cold shower
Gas Range & Range Hood
Kitchen cabinets (overhead & under counter)
Granite kitchen counter
Painted wall finish
Lavatory & water closet
Provision for washer & dryer
Fire alarm & protection system
Provision for CATV & telephone
AMENITIES & FACILITIES:
Ground Floor :
Residential Elevator Lobby
The Strip at Sundance (pocket retail/commercial area)
Water Wall Fountains
The Lobby Lounge (Main Reception)
Poolside Lounge with Bar
Outdoor Play for Kids
Family Entertainment Center
(3) three Mitsubishi elevator
100% back-up power
Additional Features – Has provision for:
Window-type air conditioning
Outlet for cable, telephone & TV
Kitchen cabinet with grease trap
Individual metering of water and electricity
Fire alarm detection
NOTE: PROTECT YOUR INVESTMENT, DEAL ONLY WITH COMPETENT LICENSED REAL ESTATE BROKERS.
COCOY M. TOLEDO, LL.B. Licensed Real Estate Broker PRC License No. 20332, valid until Nov. 9, 2021 PTR No. 246098, valid until Dec. 31, 2019
RICHEL PARADIANG-TOLEDO Licensed Real Estate Broker PRC License No. 20331, valid until Dec. 31, 2021 PTR No. 246099, valid until Dec. 31, 2019
Avida Towers Riala IT Park – Live without compromise!
More than work-life balance, we believe that quality of life is determined by a dynamic integration of passion, leisure, and lifestyle. This dynamic is exactly what merges metro and eco-living together, no compromise made. This is the new living standard we aspire for.
Avida Towers Riala Cebu IT Park, Avida’s newest development in Cebu. Offer wide greens and open spaces that welcome you to a place unlike any other- a place where nature resides in the middle of the city.
Located at the Cebu IT Park, the city’s most dynamic lifestyle district, Avida Towers Riala Cebu IT Park is mere steps away from the best the city has to offer: commercial and business centers and top schools and hospitals, among others. Experience all the color and excitement of the city and enjoy the tranquility of nature. Here, life in the city is truly no compromise.
Experience convenience at its best at Avida Towers Riala Cebu IT Park. Unwind, dine and shop at cafes, restaurants and retail outlets, all located within the Avida Towers Riala complex. Enjoy a variety of activities, from the most laid-back to the most active. Live the complete life, enjoy the best the city has to offer and come home relaxed in this haven of open greens in the middle of the city.
WATCH AVIDA TOWERS RIALA VIDEO:
For computations and full details, please click this link:https://gabrielrealtybrokerage.com/?property=avida-towers-riala-99
Amenities of Avida Towers Riala:
Adult and Kiddie Swimming Pool
Children’s Play Area
Private Garden and Meditation Areas
Outdoor Fitness Areas
Main lobby for each building (min of 30 sqm)
Three (3) Elevator units (min. of 15-pax capacity each)
Admin room – applicable in First tower only (min of 20 sqm)
Utility room (min of 15 sqm)
100% on safety; 50% on common areas
1 power outlet, 1 ref outlet, & 1 lighting unit for Studio and 1-BR units
1 power outlet, 1 ref outlet, & 2 lighting units for 2-BR unit
Fire protection/ fire alarm system
Mailbox per unit located at the lobby
Units are electricity, telephone, cable television & internet ready
Transformer Vault & Genset Room to be located at the ground floor level
Cebu Country Club – 300 meters
University of San Carlos – 3 km
Cebu Business Park – 5.3 km
NOTE: PROTECT YOUR INVESTMENT, DEAL ONLY WITH COMPETENT LICENSED REAL ESTATE BROKERS.
COCOY M. TOLEDO, LL.B.
Licensed Real Estate Broker
PRC License No. 20332, valid until Nov. 9, 2021
PTR No. 246098, valid until Dec. 31, 2019
Licensed Real Estate Broker
PRC License No. 20331, valid until Dec. 31, 2021
PTR No. 246099, valid until Dec. 31, 2019
VILLA SEBASTIANA, single attached for sale in Mandaue City, Cebu (4 units left)!
Villa Sebastiana in Tawason, Mandaue City, Cebu, is a house and lot subdivision with two-storey single attached and detached unit models. This is the only housing project in Mandaue area having all single houses in modern concept designed. Total Subdivision Area: 13,758 sqm. Total House and Lot: 115 Single attached and detached units.
It sold affordably with overlooking view and very safe from flood, it can be financed by bank with lower interest rate. For those buyers who are single houses lover… here’s your chances to realize your dreams for your family to live with complete privacy. The said property is closer to the city proper of Mandaue and very proximate and strategic location.
It is where happy family traditions begin. Experience the airy comfort and hillside luxury at Villa Sebastiana. With our numerous features and amenities:
20% Down payment payable up to 24 months 80% Balance thru Bank Financing
Cabinet exclude Maids Quarter
FEATURES & AMENITIES:
✔Parks and Playground
✔Concrete roads with street signage
✔Cemented sidewalks curbs and gutters
✔Underground drainage system
✔MCWD water system
✔Electrical Power Supply
✔330 Degrees overlooking Mandaue City and Talamban
For assistance and more details, please contact us at: