• Aug2022

    Avida Land Corp., a subsidiary of Ayala Land, Inc., marked another milestone with the unveiling of Avida Towers Riala’s 1-hectare lifestyle amenities last July 28, 2022, as it prepares to welcome more homeowners into its growing community in Cebu I.T. Park.

    Riala’s amenities go beyond the basics and provide residents with an opportunity to get a quick break right outside their doorsteps. It offers a laid-back environment with expansive greeneries and open spaces as a reprieve from the hustle and bustle of daily life.

    Stay Active at the Grand Lawn

    The 4,900 sqm Grand Lawn located at the Upper Ground Floor is a wide, open space where one can lead an active and healthy lifestyle. It has green spaces and a family-friendly fitness zone with a Basketball Half-Court, Circular Jogging Path, and a Children’s Playground. Aside from the Fitness Zone, the Grand Lawn also features an adult pool and a kiddie pool.

    Community events and special gatherings are held at the Multipurpose Hall which residents can also book for private meetings, parties and other functions. It can house up to 160 pax and is easily accessible to homeowners and guests from the adjacent Grand Lawn.

    Lounge at the Amenity Deck

    Located at the first Residential Level and overlooking the Grand Lawn, the Amenity Deck is where homeowners can relax and enjoy leisurely gatherings. It boasts an expansive 20 meter lap pool, pool deck, and kiddie pool.

    Pocket parks and open areas provide residents with smaller, intimate spaces where they can meditate and take strolls. Homeowners can use any of the four Private Gardens or the two Courtyards all located at the Amenity Deck.

    Life Essentials Within Reach

    Located inside Cebu I.T. Park, every convenience is within reach as the property is just within walking distance from Ayala Malls Central Bloc and dining destinations like Sugbo Mercado. A retail strip is also located at the Upper Ground Floor with current merchants including MerryMart Grocery, Chill Laundry Lounge, and Donjjang Samgyupsal, with more to come.

    “The completion of the amenity areas represents a new and exciting opportunity for our residents to enjoy more of the outdoors in the comforts of their community. These amenities are designed to adapt to the changing needs of Avida’s discerning market and that is why we are also excited for future and potential homeowners to experience what Avida Towers Riala has to offer, whether they’re buying for a permanent home or for investment,” said Avida Land’s Chief Operating Officer, Raquel S. Cruz during the launch.

    Launched in 2012, Avida Towers Riala is strategically located at the city’s most dynamic district, Cebu I.T. Park. It offers thoughtfully designed condominium units where lifestyle essentials are within reach, along with a safe and secure community for Cebuanos.

    It is just 10 minutes away from Cebu Business Park, the city’s central business district, 20 minutes away from the city’s main seaport, and 40 minutes away from the Mactan-Cebu International Airport.

    The five-tower residential condominium has a total of 3,394 studio, 1-bedroom and 2-bedroom units. Towers 1 to 3 are now ready for occupancy, while the pre-selling units in the ongoing Towers 4 and 5 are expected to be completed by March 2023 and June 2025, respectively.

    Aspiring homeowners can check out model units every Monday to Sunday, 8am to 7pm at Avida Towers Riala, Jose Maria del Mar Street, Apas, Cebu City.

    Avida Land Corp. is the mid-income market residential brand of Ayala Land, the Philippines’ leading developer of sustainable estates offering a diverse mix of properties such as residential, retail, office, hotels, and leisure developments, that support local economic growth and nation-building .

    credits to: https://www.bworldonline.com/spotlight/2022/08/02/465347/avida-towers-riala-unveils-one-hectare-lifestyle-amenities/?fbclid=IwAR2ov75o9dRTXeuk-PLqF9AtyUj4mbHr1wppSOXbq2iflIWHJ-jnfAF7LoI

  • Jan2022

    DISCOVER a new kind of lifestyle at Golden Topper’s newest development in Cebu, El Sol. The leisure condominium, whose name translates to “the sun,” is inspired by the warm disposition of the Cebuanos. Featuring a combination of nature-inspired design elements and resort-like amenities, El Sol offers a serene escape from the city noise.

    El Sol is located inside the Seagrove estate, a soon-to-rise seafront lifestyle destination by Ayala Land in Punta Engaño, Lapu-Lapu City.

    Seagrove will feature a mix of residential and retail components, as well as a hotel in the 14-hectare property. Some of the highlights of the estate is the 500-meter boardwalk fronting Magellan Bay and the 40-hectare mangrove forest.

    The project had its grand launch on Dec. 11, 2021, at the Mactan Ballroom of Shangri-La’s Mactan Resort and Spa Cebu, wherein El Sol was formally introduced to guests and brokers with a thorough presentation on its specs as well as an outlook on Lapu-Lapu in terms of real estate. As Golden Topper’s first leisure residence, the property promises a fresh way of living.

    Potential investors and homeowners can expect efficiently planned spaces at El Sol. All the units, from the studio to the two-bedroom, are smartly laid out for optimal lighting and ventilation while keeping the interiors sleek and stylish. Residents will also be spoiled with amenities such as a sauna room, yoga studio, karaoke booths, and even an outdoor barbecue area.

    El Sol by Golden Topper is slated for completion by the first quarter of 2027. El Sol is Golden Topper’s second project in Cebu, following City Clou located along Jakosalem St., Cebu City. An unnamed future project in Punta Engaño is also in the pipeline. Currently, its portfolio consists of nine projects, including properties in the cities of Makati, Pasay, Quezon, Cebu, and Lapu-Lapu. (CHRISTIAN B. QUILO)

    Published by SunStar Daily Cebu last December 27, 2021, thru this link:

    For Sample Computations and Full Details of EL SOL MACTAN, please CLICK this link: El Sol Cebu, Pre-selling Condominium in front of Shangri-la Mactan

  • Sep2021

    by Ram Mancelita lifted from Sugbo.Ph

    Cebu is truly living up to its name as the Queen City of the South, as another major infrastructure — one of the city’s biggest projects yet — is set to rise in the prime South Road Properties in Cebu City.

    The highly anticipated Cebu Arena, which is officially named the Seaside Arena, will be finally realized after being presented by Mayor Edgar Labella during his 100 Days of Service speech on October 16, 2019.

    The Seaside Arena will have a seating capacity of 16,000 (almost as large as the Mall of Asia Arena in Manila). It is eyed to become the prime venue for large events such as major local & international concerts, sports events, international conventions, among others.

    It will also feature a massive Convention Center, office towers, and condominiums.

    The SM-Ayala Consortium will pour a total investment of P307.2 billion for the 26-hectare Seaside Arena, which will be constructed in SRP beside the SM Seaside Complex. It is expected to generate 2 million new jobs in years at full development, with target completion in 2025.

    Official render
    Official render
    SM-Ayala Seaside Arena Cebu (5)
    Official render from Cebu ni bai
    SM-Ayala Seaside Arena Cebu (1)
    Official render
    SM-Ayala Seaside Arena Cebu (3)
    Photo by Cedric Maquilan
    SM-Ayala Seaside Arena Cebu (2)
    Photo by Cedric Maquilan

    Project Update:

  • by Mark Maylan Lifted from: Sugbo.Ph

    When two titans joined forces, they can create a city within a city.

    This is what to be expected as two of the country’s real estate giants, Ayala Land Inc. and SM Prime Holdings, had partnered with each other in their newest property development venture in the South Road Properties of Cebu City – the South Coast City.

    South Coast City, a P300-B project of the SM-Ayala consortium, is eyed to become the newest entertainment center of the Visayas region, boosting attraction, tourism, and businesses within the area. It will highlight an Arena, Convention Center, and 1-hectare park, among many other mixed-use facilities, to support Cebu’s growing demand for convergence areas.

    Moreover, the said project is to generate about two million jobs.

    FEATURES

    South Coast City sprawls a vast land area of 26 hectares, enough to house state-of-the-art facilities, attractions, and services that will give more vibrance to this part of the metro.

    1. Seaside Arena and Convention Center

    The Arena is set to be the preferred destination for major local and international entertainment and sporting events while the Convention Center will be one of the largest in Cebu once completed.

    Official render

    2. District Square

    This is the progressive commercial district of South Coast City. This area is planned for mixed-use commercial offerings which will complement the entertainment and recreational facilities of the broader community. It offers investment opportunities through commercial lots.

    3. 1-Hectare Park

    This linear park will serve as a refreshing green oasis in the middle of the master-planned development.

    Fronting the Cebu Strait, South Coast City will take pride of its spectacular waterside views and features. A pedestrian network will link the main areas of the development. Other amenities also include:

    • A 36-meter wide and 320meter long green space.
    • Road networks with primary street widths of 30 meter wide.
    • Underground utilities
    • Underground Telecommunications System duct banks with fiber optic cable capable to handle multiple service providers.
    • Digital Subscriber Line (DSL) technology-cable telecommunications.
    Photo by Cedric Maquilan

    THE SM-AYALA CONSORTIUM

    A consortium led by ALI and SM Prime won the new landbank at SRP (lot number 8-B-1) with a winning bid of P10 billion.

    This tactical alliance of the two largest developers in the country is a strategic move to unlock the full potential of the 26-hectare prime property they acquired at the South Road Properties.

    In a report, top officials from Ayala Land Inc. and SM Prime Holdings said that they decided to work together on this big project to hasten the development of this area, which the Cebu City government was grooming to be a new central business district.

    Project Brief

    • Groundbreaking date: July 2019
    • Target completion date: Phase 1 on 3rd Quarter of 2021
    • Lot sizes: 1,777 – 2,601 sqm (11 commercial lots)
    • Developer: Ayala Land & Cebu Holdings
    • Location: South Coast City, South Road Properties (SRP), Cebu City

    Transit Connectivity Map:

    • 500m from SM Seaside, Cebu’s biggest mall
    • 2km from South Bus Terminal
    • 4km from Cebu Port
    • 11km from Mactan Cebu International Airport

    PROJECT UPDATES

    As of January 2021, groundworks are still ongoing while the city is under community quarantine status. Bore piling works have already begun at the site of the convention center and arena.

    The Convention Center’s target opening date is on October 2022 while that of the 16,000-seater Arena will be on July 2023.

    Photo from Cebu Holdings
    Photo from Cebu Holdings

    There is always something more to look forward to in Cebu City even with the pandemic scare looming around us. South Coast City of the Ayala-SM Consortium is a proof that we are destined to achieve bigger and better things in the coming years, as it has always been for the last years.

  • With the Philippine government’s continued efforts to decentralize Metro Manila, the spotlight has turned to other cities for infrastructure and real estate investment – like Cebu, the second largest metropolis in the country. Its big city conveniences, coupled with rustic island living charm, make it an attractive destination for property seekers and investors. This makes owning a centrally-located condo in Cebu an exceptional decision for a first home or initial investment in the city.

    Big-ticket projects in Cebu are scheduled for completion in the next few years – like the Cebu-Cordova Link Expressway and the fourth Mandaue-Mactan link bridge. They are expected to improve travel between mainland  Cebu and the rest of Mactan Island and its world-class beach resorts.

    The Metro Cebu Integrated Intermodal Transport System, on the other hand, will include a Monorail Transit and Bus Rapid Transit system, which is a first for the city. To boot, the Metro Cebu Expressway will connect the north and south Cebu, easing travel time by 2 hours.

    Sanremo Oasis

    Sanremo Oasis condo in Cebu

    Aspire by Filinvest is at the forefront of these developments, crafting future-forward residential communities at the heart of the bustling Cebu City – just like Sanremo Oasis. This vibrant Italian-themed condo enclave is nestled within the City di Mare townscape of Filinvest in South Road Properties, just a few kilometers away from the Cebu-Cordova Link Expressway. Investors at this strategically located property can surely expect a boost in property values.

    A key investment destination

    Despite the pandemic, Cebu continues to be a key investment destination. The Cebu Chamber of Commerce and Industry reported in May 2021 a 95% recovery rate for the city’s local economy. This is thanks, in large, to the city being a major player in the business process outsourcing industry, with economic zones like the Cebu Business Park and Cebu IT Park.

    Additionally, the construction of around eight township projects continues to be in full swing, and more investments are expected to come in as it plays host to our country’s biggest developers. Just in South Road Properties, you can find three major township developments – UHRI’s NuStar integrated resort and casino, the SM-Ayala South Coast City consortium, and Filinvest’s City di Mare, a 50-hectare master-planned coastal township, the largest among the three. Outside this locale, new township developments are emerging in Mandaue, Lapu-Lapu, and Minglanilla.

    Cebu City

    Cebu City condos

    In addition, the green-lighting of the ₱10-billion New Cebu International Container Port and proposal to build Terminal 3 of the Mactan-Cebu International Airport is indicative of the continued investor confidence in the city.

    Given its recovery and anticipation of a return to full-fledged economic activity, choosing a home that is conveniently “close to the action” is a promising proposition. With a condo in Cebu, you have relatively immediate access to the city’s offerings. And as an investor, you have a real estate asset located in one of the most highly-desired property locations in the country.

    A world-renowned island

    While the urban development and overall fast-paced way of living in Cebu are comparable to the cities of Metro Manila, Cebu City, alternatively known as “The First Capital of the Philippines,” differentiates itself from the current capital region by being a place that also manages to maintain its provincial island charm.

    As the country’s oldest city, Cebu has maintained several historical landmarks. These include the likes of Magellan’s Cross, the Sto. Niño Church, and Colon Street. It is centrally located, too, making it easy to get to and from popular beaches like Oslob, Sumilon, Malapascua, and Bantayan Islands.

    Sumilon Island

    Condominium in Cebu

    Cebu City and its namesake island-province are often marketed as a singular tourist destination with its combination of a natural countryside scenery with urban attractions, including cultural-historical sites and developing infrastructure. In 2016, 2017, and 2019, the entire island had entered Condé Nast Traveler’s World’s Best Islands list.

    If being an economic and tourism center was not enough, Cebu City is also a university town. It is home to 10 large universities which have branches throughout the city. These include the University of San Carlos and its five campuses, as well as a Cebu campus for the University of the Philippines, to name a few. In October 2020, Central Visayas recorded 278,180 higher education enrollees, which will soon be part of the city’s highly skilled labor force.

    When you own a condo in Cebu, you have convenient access to these awe-inspiring spots. If you aim to lease your property, you can enjoy this advantage that will entice more tenants.

    Discover an Oasis in Cebu

    Metro Cebu has its fair share of condo developments given its extensive urbanization. Of course, no one property is the same, and while some are just addresses, others redefine what a home to retreat to is. Aspire by Filinvest’s resort-style mid-rise communities are among the latter and more.

    One Oasis Cebu

    One Oasis Cebu for sale

    One Oasis Cebu is an Asian-Balinese-inspired residential enclave with a refreshing golf-course view located in Kasambagan, Cebu City. It is highly accessible through public transport along F. Cabahug Ave., and many landmarks are no more than three kilometers and is a bikable distance from major CBDs like the Cebu Business Park and the Cebu IT Park.

    Both One Oasis Cebu and Sanremo Oasis dedicate over 60% of their land area to rejuvenating amenities and low-density environs, providing urbanites an escape in the city with a year-round vacation ambiance. Here, you can relish the freedom to live, play, and pursue your passions every day. Stringent health protocols and a 24-hour security system are established to ensure your safety, and a host of rejuvenating amenities are ready for your recreation and leisure.

    Along with comprehensive amenities, lush greenery, and strategic locations, condos from Aspire by Filinvest are smartly-designed, with flexible spaces that can support remote work and remote learning. This is an important consideration when investing in a condo in Cebu, as a true home can address all aspects of our lives.

  • “Make your money work for you” is so cliché, until a crisis hits you.

    When a crisis hits, like the one we are experiencing now with the deadly Covid-19 virus, you will always find yourself looking for your safety net, and oftentimes you look at your portfolio of investments, lucky if you have many.

    For people who are just starting out, picking the right investment is key and when you say “right investment” it doesn’t only mean the returns it could give over a period of time but by how this investment can also help you when the going gets tough.

    Among the many types of investments, a condominium property is a bright spot when you talk of crisis-proof investments. Here are three quick reasons why:

    1. Its value doesn’t depreciate during crisis.

    Unlike in the stock market, the value of a property like a condominium will not dive. It will remain on a stable level and you can always trust that there will be a continued demand for it in the market during crisis, even more so after crisis.

    2. It will continue to earn income even during a crisis.

    Unlike in businesses like stores or cafes, renters can expect continuous flow of money from rents during crisis, unless the owner decides to waive it out of goodwill. But since a shelter is a basic need, people will continue to pay for it, the same way they will continue to allocate budget for the basic food supplies. A shelter will remain on top of the priority list.

    3. It is immediately available should you need it.

    In times of crisis, we never know when an extra property comes in handy. Some who may not be renting their condominiums yet, may find themselves getting a lot of interested tenants and then becomes a back-up source of income for the family, especially when some companies decide to close shop and implement force leaves, leaving some of their employees without an income.

    We could tell you more, but these should be enough to get you looking at a condominium property in another angle. And to be sure, choose those developed by reliable brands with a proven track record of delivering the best value for your money.

    Lifted from: https://www.primaryhomes.co/

  • It feels a bit odd talking about tourism-focused real estate when most visitors are unable to travel to the Philippines at the moment. However, it can be an important driver of a Philippine property market rebound once the situation returns to normal.

    Philippine Department of Tourism (DOT) data showed there were 8.26 million foreign arrivals in 2019, more than a 15 percent increase from the previous year. That number is dwarfed by the country’s regional peers. In 2019, Indonesia recorded roughly 16 million international arrivals, Malaysia welcomed more than 26 million tourists, Vietnam received an estimated 19 million visitors and Thailand surpassed 40 million arrivals.

    So, what gives?

    It has nothing to do with a lack of interesting destinations. Tourists who visit the Philippines almost always praise the country’s warm hospitality and beautiful scenery. Arrival numbers elsewhere in Southeast Asia are buoyed by inter-region travel, something not seen in the Philippines due to its isolated location.

    But this isn’t really a huge issue, especially as it relates to tourism-focused real estate. Apart from some demand from Singapore, there isn’t a lot of intra-regional property buying. The bulk of tourist arrivals to the Philippines in 2019 came from China, South Korea, USA, Japan, and Australia.

    Tapping into the retirement market could also benefit the country. The Philippines has one of the best retirement visas available in Southeast Asia. This could help it attract more long-stay visitors.

    On the domestic front, an additional 60 million trips are made by locals each year, an important figure to note. This means there is a large base of both international and domestic property buyers who will likely return to the country’s popular tourist destinations once the COVID-19 situation has improved.

    Being ready to tap into this market and deliver tourism-focused real estate could be a catalyst in a Philippine property market rebound. Of course, it is also much easier said than done.

    WATCH THIS VIDEO:

    Why does the Philippines need to develop tourism-focused real estate?

    What’s holding the Philippines back?

    According to the Philippine Statistics Authority (PSA), tourism accounted for 12.7 percent of the country’s GDP in 2019, up from 5.6 percent in 2000. Both government and private sector investment in the tourism sector has grown as well.

    The PSA found that private investment rose by an average of 19.3 percent annually between 2010 and 2019. Government investment in tourism infrastructure and other related fields increased by 4.6 percent on average from 2012 to 2019.

    This is good, but not nearly enough. While tourism infrastructure has improved in some parts of the Philippines, such as Cebu and Puerto Princesa, more work is needed to make the country a viable destination for real estate investors.

    Apart from improving infrastructure, developers must be more in tune with the needs of tourism-focused real estate buyers. There are a few companies getting it right (we will get to those a little later in the article) but too many firms aren’t being innovative when launching new projects in tourist destinations.

    Looking at tourism-focused real estate success in Southeast Asia

    Developers in the Philippines don’t have to look far to find tourism-focused real estate success stories. Bali has been attracting foreign property investors for decades in spite of complex laws that prevent freehold ownership. Having a first mover advantage has helped the island with homebuilders and agents now boast decades of experience in helping property buyers.

    In Thailand, the rise of the condotel helped attract a new wave of property buyers who can enjoy the best of both worlds–investment returns and a holiday home. If you are unfamiliar with the condotel concept, it is a project sold similar to a pre-selling condominium but operated like a hotel.

    The main difference between most condotels in the Philippines and ones in Thailand’s tourist areas is management. Thai homebuilders are partnering with well-known, 4- and 5-star hotel brands to manage their condotels. These are more attractive to buyers since they trust the brand and are more popular with guests ensuring strong rental returns. In the Philippines, many developers try to manage the property themselves which can be off-putting to potential investors.

    Tourism-focused real estate in Vietnam has taken off during the past five years despite foreign buyers being unable to access this market. Driven entirely by domestic demand, developers here have been able to take advantage of the country’s rapidly growing tourism sector. Similar to Thailand, most projects are condotels or other properties that provide on-site management for investors.

    If tourism-focused real estate in the Philippines is going to grow, developers need to understand what property seekers are after. Most require a hands-free investment being operated by a hotel brand they trust. They also like having the option to stay at the property for a week or two every year. This is something a handful of real estate developers in the Philippines have adapted to.

    Early movers

    Grand Land tourism-focused real estate
    Grand Land is leading the tourism-focused real estate efforts in Cebu

    While there hasn’t been a lot of activity when it comes to tourism-focused real estate in the Philippines, a few developers have recognized the potential of the sector. In Cebu, Grand Land has been at the forefront. The Grand Tower, a mixed-use project containing the Dusit Princess Cebu, was one of the region’s first condotels targeting users/investors.

    The project will be operated as a hotel with unit owners sharing net room revenue. Additionally, they are entitled to stay at the property 15 days each year. Dusit Princess Cebu proved to be popular among both local and international investors which saw it quickly sell out. Construction is ongoing and the development remains on schedule.

    The Chancellor Hotel from Global-Estate Resorts, Inc, a subsidiary of Megaworld, is another tourism-focused real estate project making waves in the country. Located in Boracay, this condotel is perhaps the most ambitious to date. It allows property buyers a chance to invest in one of the country’s most popular destinations.

    Can tourism-focused real estate help the Philippine property market rebound?

    It’s important not to get carried away about what type of impact this can have. Tourism-focused real estate can help the Philippine property market rebound, but it is only one part of a larger equation.

    Ultimately, this sector serves as a link between the property and tourism industries that can elevate both. Tourism-focused real estate in the Philippines won’t single-handily turn things around. However, it could help the Philippine property market reach new heights once the current situation has passed.

    Developers may think demand isn’t there, but this seems like a miscalculation. Overseas buyers are already active in places like Cebu, but there are many more on the sidelines waiting for condotel projects that provide a hands-free form of investment.

    There is likely to be greater demand for tourism-focused real estate from both domestic buyers and OFWs. That is because it ticks a lot of boxes in terms of what they are looking for. The potential for returns is good, there is no need to worry about management and it doubles as a holiday property.

    That being said, it is necessary to mention the risk which we are living through now. Another global pandemic would harm tourism-focused real estate more than traditional properties. Both developers and investors will be keenly aware of that.

    If you look at some of Southeast Asia’s other tourism destinations, you’ll see the property markets bounced back here faster than urban locations. Both Bali and Phuket have overcome catastrophic events to maintain their upward momentum.

    At the very least, it won’t hurt the property sector to consider tourism-focused real estate moving forward. As we have seen elsewhere in the world, doing so may benefit everyone.

    lifted from: DOT PROPERTY

  • Residential demand in Cebu is expected to increase this year with lower real estate prices and key infrastructure projects driving the market forward. The city has been the preferred investment destination outside of Metro Manila and that trend will continue in 2021.

    “Colliers projects a potential rebound in residential demand in 2021 (in Cebu) and thus sees a faster pace of price increase from 2021 to 2022 to reflect a stronger residential market,” Joey Bondoc, Colliers Philippines Senior Research Manager explained to the Philippine News Agency.

    He continued, “The residential sector of the area is at a discount as compared to projects located within the country’s capital. The proliferation of both local and national developers in Cebu has raised land and property values.”

    Research from Colliers Philippines found that new project launches and take up both fell in 2020 due to the COVID-19 pandemic. However, the consultancy believes both will recover this year on the back of strong residential demand in Cebu.

    What’s driving residential demand in Cebu?

    Two key factors have been responsible for driving residential demand in Cebu over the past ten years. Firstly, home prices are significantly less than those in Metro Manila which is appealing to buyers. Secondly, a number of infrastructure projects will improve the region’s connectivity and boost property prices in the future.

    “Over the past few years, we have observed the transformation of Cebu’s skyline with large-scale residential, commercial, retail and hotel developments. The property boom in Cebu offers an alternative metropolitan-paced business lifestyle at a discount to Metro Manila,” Bondoc stated.

    Several key infrastructure projects remain in the pipeline and these could support the growth of the Cebu and Davao property markets. In Cebu, the Cebu-Cordova expressway, Cebu bus rapid transit, Cebu monorail, and Metro Cebu expressway are a few of the possible improvements.

    (c) https://www.dotproperty.com.ph/blog/residential-demand-in-cebu-likely-pick-year

  • Apr2021

    There are still overseas foreign workers (OFWs) are buying property, although the number is less than it had been in previous years. Attractive investment returns coupled with affordable real estate prices in the Philippines have seen OFWs become increasingly active in the country’s property market. And with prices falling and discounts widely available, OFWs with cash in hand may be able to take advantage of some favorable deals.

    However, preparing for the property buying process isn’t always easy if you’re an OFW. Burning vacation days flying home to search for and purchase a property isn’t ideal. That is valuable time you could be spending with friends and family. But if you’re prepared, buying real estate in the Philippines from overseas doesn’t have to be troublesome. Here are five things OFWs need to know before buying property.

    1) Start your search

    If you are living outside the Philippines, there are a number of websites where you can search for properties back home. For example, Dot Property Philippines – the very website you’re on – has the country’s best selection of real estate spanning the entire country. You can search for a property based on your budget, location and multiple other factors making easier to find the right condo or house no matter where in the world you happen to be.

    2) Pick the right seller

    These days, some property developers and real estate agents specialize in working with OFWs. If you want a smooth process, it is best to find one of these sellers. Not only can they advise you on common issues OFWs must deal with, but they may also be able to facilitate a deal that doesn’t require to be in the Philippines.

    3) Get your documents ready

    Don’t procrastinate getting all the necessary paperwork ready. If you want to buy a property, you will need to have all of these documents:

    • Signed and consularized Special Power of Attorney (SPA)
    • Photocopy of important IDs (passport, driver’s licenses, etc.)
    • Proof of billing of utility bills
    • Proof of income
    • Tax Identification Number (TIN)
    • Certificate of employment

    4) Understand how the property will generate income

    Chances are, you want your property to generate income while you are overseas. Maybe you are planning to have family live there and this isn’t a concern for you. But if that isn’t the plan, someone will have to manage your property in order for it the generate rental income. It’s important to understand how this will work before you buy.

    A number of condo developers now offer property management services meaning they will find someone to rent your unit and take care of it for a percentage of the revenue generated. Alternatively, the are several companies who can do this as well. Whatever you decide, make sure you have done your research ahead of time to ensure you aren’t stuck with an empty property.

    lifted from: https://www.dotproperty.com.ph/blog/4-things-ofws-need-know-buying-property?utm_source=ActiveCampaign&utm_medium=email&utm_content=4+Things+OFWs+Need+To+Know+Before+Buying+Property&utm_campaign=DP+Philippines+Newsletter+24FEB2021&vgo_ee=jwsNAJBEZx3iDwqabbNmVdSYFmrMikCwlKFARSZoYAo%3D

  • Getting the best price during real estate negotiations doesn’t have to be a painful process. In fact, it can be a very hands-off affair if you hire the right real estate agent. The key is knowing what to do and when to do it.

    There are two important things you should note. First, don’t take things personally. This is about getting the best price during real estate negotiations, not making new friends. Second, you should have an idea of what is acceptable regarding terms before starting any negotiation. This will ensure you can reach a positive result.

    Tips to help you get the best price during real estate negotiations

    1) Let your real estate agent do the heavy lifting

    Unless you like negotiations or are good at them, you don’t really need to be involved with much of this process. Your real estate agent is more than capable of fighting to get you the best possible deal. A lot of buyers end up costing themselves money by being in the room. That’s because they either give away just how much they like the property or are afraid to drive hard bargain.

    2) Respond quickly

    If a seller names a price or gets back to you with a counteroffer, respond as soon as possible. The more time you take allows them to field other offers from potential buyers. You don’t need to get back to them right away, but you can lose the upper hand in a negotiation if it takes weeks to respond.

    3) Don’t put all your eggs in one basket

    You have no idea how negotiations will play out. It is vital you keep your options open or at least appear to be doing so. Failing to do this allows the seller to negotiate from a position of strength since you don’t have any backup plans.

    4) Walk away and let the seller come back to you

    If you really want to get the best price during real estate negotiations, sometimes it pays to walk away. If the process has reached a standstill where no progress is being made on a deal, stepping away from the table may be a way to break the deadlock.

    This is risky and it is a strategy you need to discuss with your real estate agent beforehand. Some sellers may not come back, especially if they have other offers out there. However, those serious about selling and without other buyers will likely return willing to negotiate.

    lifted from: https://www.dotproperty.com.ph/blog/4-tips-help-get-best-price-real-estate-negotiations?utm_source=ActiveCampaign&utm_medium=email&utm_content=4+Tips+To+Help+You+Get+The+Best+Price+During+Real+Estate+Negotiations&utm_campaign=DP+Philippines+Newsletter+24MAR2021&vgo_ee=jwsNAJBEZx3iDwqabbNmVdSYFmrMikCwlKFARSZoYAo%3D

  • Mar2021

    LEADING Visayas-Mindanao developer Cebu Landmasters, through joint venture firm Cebu Homegrown Developers, Inc., launched its latest condominium project with premium amenities in Mandaue City, Cebu aimed at meeting the housing needs of a surging segment of upwardly mobile professionals and entrepreneurs in the region.

    The P3-billion development Mandtra Residences is managed and developed by CLI and offers condo units from 21 sqm. to 41 sqm. ranging from P2.35 million to P4.17 million. It began pre-selling its first tower in March and was close to 60 percent sold after three weeks.

    Jose Soberano III, president, and CEO of CLI, remarked: “We want to strengthen our leadership in our home base and this joint venture enables us to have access to high-value locations that allow us to offer a new generation of Cebuano entrepreneurs and professionals seeking upgraded living spaces. Our exceptional sales velocity indicates we are indeed meeting a highly felt need.”

    With construction already underway, Mandtra Residences is a three-tower development on a landscaped 12,405 sqm property with a lush tropical theme. A retail podium, a sky garden, clubhouse with adult and kiddie pools, jogging paths, fitness gym, and chapel have been designed to provide homeowners a multi-faceted urban sanctuary. According to CLI executives, planning for this project took place at the height of the 2020 pandemic, so the design placed a premium on healthy living and balanced well-being with its generous array of amenities and lush open spaces.

    The first tower with a lobby and three passenger elevators has 26 floors with 595 units ranging from studios to one-bedroom units with selected units of both sizes offering balconies. Moreover, several units have been designed so partitions and walls can easily be knocked down and spaces combined. The first tower is set for completion in 2025.

    Mandtra Residences will be the first in a planned series of projects from Cebu Homegrown Developers Inc. Soberano concluded: “Our partnership believes in the innate dynamism and abilities of Cebuano entrepreneurs and professionals and hope to meet their aspirations beginning with well-planned residential communities.” (PR)

    Lifted from SunStar and all credits are theirs alone: https://www.sunstar.com.ph/article/1890003?fbclid=IwAR0MYHsU83g_oy-zRQUaTsahN1f7v0PA2eFnZ9c5KL7JbczEALWSla2_Yjs

  • Nov2020

    Why Invest in Mactan, Cebu?

    November 25, 2020

    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.

    Mactan Cebu International Airport
    Mactan Cebu International Airport

    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.

    cebu-ordova link bridge
    The Cebu-Cordova Link Bridge

    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.

    Upcoming projects in the pipeline in Mactan:

    Consolacion-Mactan Bridge
    The Consolacion-Mactan Bridge
    Cebu-Bohol Friendship Link Bridge
    Cebu-Bohol Friendship Link Bridge

    Source: https://www.realestatephilippines.ph/why-invest-in-mactan/

  • Oct2020

    by Silingan, a Primary Homes blog

    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:

    1. 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.
    2. 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.
    3. 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.
    4. 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!
    5. 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/

  • by Charlene Virlouvet

    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.

    Curb Appeal

    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/

  • Jul2020

    By: Morexette Marie B. Erram – CDN Digital | July 10,2020 – 12:29 PM

    cordova reclamation project
    Artist Rendition of the 1,500-hectare reclamation project in Cordova town, Mactan Island | Photo courtesy of Cordova LGU

    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.

    READ MORE: A long way to go for Cordova reclamation

    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

    Read more: https://cebudailynews.inquirer.net/325705/1500-hectare-reclamation-in-cordova-to-push-through#ixzz6Rx0sdLJX

  • astra condominium

    Last Updated on July 1, 2020

    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.

    All-in-One Living

    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

    Residential Spaces

    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. 

    astra centre cebu

    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.

    1 bedroom condominium in astra centre cebu

    Retail Spaces

    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.

    commercial spaces in astra centre

    Office Spaces

    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. 

    astra centre condominium in mandaue

    Hotel 

    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. 

    radisson red cebu

    Live, work, and thrive where work, life, and leisure are brilliantly intertwined. Make One Astra Place your future address and reserve a unit today! 

    Original Article: https://www.lamudi.com.ph/journal/ideal-residence-mixed-use/

    FULL DETAILS & COMPUTATIONS : https://gabrielrealtybrokerage.com/?property=one-astra-place-tower-2

  • Jun2020

    June 30, 2020 by Christian Jay B. Quilo

    Horizons 101 by taft properties

    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.”

    ORIGINAL STORY: https://www.sunstar.com.ph/article/1861926/Cebu/Feature/Taft-Properties-In-solidarity-with-Cebu?fbclid=IwAR0eGJNv8zioRCy2i1xJYJLMN13cYgHmk8_elvYR_3twGvMHTMtrThfO0n4

  • May 20, 2020 by 32 Sanson

    32 sanson cebu by rockwell

    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

    ready for occupancy condominium in cebu

    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.

  • February 23, 2020 by 32 Sanson

    32 sanson cebu by rockwell

    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.

    swimming pools in 32 sanson cebu by rockwell

    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's playground and lawn

    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.

    gym as one of the amenities in the condominium

    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.

    dine in the restaurants in the condominium

    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.

    Source: https://www.sunstar.com.ph/article/1845308

  • By: Amy R. Remo – Reporter / @amyremoINQPhilippine Daily Inquirer / 04:22 AM June 20, 2020

    Aruga beach resort
    Mactan has long been a favored destination by many tourists, owing to its diverse array of attractions.

    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.

    the view from the balcony in aruga resort and residences
    Wake up to stunning views from your balcony.

    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.

    aruga resort and residences by rockwell
    Relax and unwind in your very own sanctuary within this tropical paradise.
    aruga resort and residences - mactan
    Aruga Resort and Residences-Mactan will offer a little more than 250 units, including exquisite beachfront villas, that can serve as your home in this paradise.

    Unparalleled respite

    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.

    the 5.2 hectare Aruga Resort and Residences - Mactan
    The 5.2 -ha Aruga Resort and Residences-Mactan is an exclusive sanctuary turned into an exquisite residential-resort development by Rockwell.

    Read more: https://business.inquirer.net/300476/rediscovering-mactans-timeless-allure#ixzz6QL9AtBsU

    FULL DETAILS OF ARUGA RESORT AND RESIDENCES – MACTAN: https://gabrielrealtybrokerage.com/?property=aruga-resort-residences-mactan-cebu-59

  • By: Morexette Marie B. Erram of Cebu Daily Nes February 09,2020 – 02:40 PM

    Read more: https://cebudailynews.inquirer.net/287005/cebu-city-among-top-cities-for-online-property-seekers-in-2019-lamudi#ixzz6PrZNzByu

    cebu city top city to invest in
    Metro Cebu skyline. | CDN Digital file photo

    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

    Read more: https://cebudailynews.inquirer.net/287005/cebu-city-among-top-cities-for-online-property-seekers-in-2019-lamudi#ixzz6PraJUhD9

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