September 22, 2021
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.
September 22, 2021
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.
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.
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.
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.
- 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
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.
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.
September 6, 2021
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.
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.
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.
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 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.
September 2, 2021
“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:
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.
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
September 2, 2021
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.
April 27, 2021
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
March 26, 2021
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
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.
⦁ 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.
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:
October 29, 2020
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:
- 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/
October 29, 2020
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/
July 11, 2020
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.
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
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.
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!
Original Article: https://www.lamudi.com.ph/journal/ideal-residence-mixed-use/
FULL DETAILS & COMPUTATIONS : https://gabrielrealtybrokerage.com/?property=one-astra-place-tower-2
June 30, 2020
June 30, 2020 by Christian Jay B. Quilo
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.”
June 26, 2020
May 20, 2020 by 32 Sanson
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.
June 26, 2020
February 23, 2020 by 32 Sanson
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.
June 25, 2020
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.
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
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.
June 19, 2020
Meet the exceptional industry leaders who are making a difference in their respective fields of business.
By THE TOWN&COUNTRY EDITORS | Jul 29, 2018
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.
Robbie Antonio founded Revolution Precrafted, which has the unique distinction of being the Philippines’ first unicorn startup, a name given to startups that are valued at a billion dollars and upward. The younger Antonio has collaborated with some of industry’s top architects and design firms like Zaha Hadid, Jean Nouvel, I.M. Pei, and designers such as Philippe Starck, Tom Dixon, Marcel Wanders, and more to build Precrafted’s luxury homes.
Vivian Que Azcona
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.”
After David Consunji passed away in September last year, his son Isidro inherited DMCI Holdings, of which he was already chairman, president, and CEO. Despite the loss of its founder, DMCI Holdings exceeded its sales and reservations targets by 53 percent under the younger Consunji’s leadership last year. More than just the son of the owner, Consunji has proven his competence by growing D.M. Consunji Inc.’s portfolio to include energy, mining, real estate, and water services. He graduated with a degree in civil engineering from the University of the Philippines and earned his MBA from the Asian Institute of Management.
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.
Carlos “Sonny” Dominguez might now be thrust into power as Secretary of Finance, but this decision is backed by his solid 40-year background managing various businesses in the public and private sector. Past positions include his run as president for Philippine Airlines and the Philippine Associate Smelting and Refining Corporation. He still holds positions as chairman of the Philippine Deposit Insurance Corp. and as a board member of the Shangri-La Plaza Corp.
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.
David Leechiu has earned the unofficial title of “leading commercial real estate broker,” and for good reason, too. He was credited for arranging some of the largest real estate transactions in Philippine history. Now the CEO of Leechiu Property Consultants (LCP), Leechiu was able to grow LCP into the third leading brokerage firm in the country—in just two years. Prior to that he was also the first Filipino to serve as country head for Jones Lang LaSalle Philippines.
Jean Henri Lhuillier
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.
Manuel V. Pangilinan
Filipino businessman Manuel V. Pangilinan is the managing director and CEO of First Pacific Company Limited which holds investments in Metro Pacific Investments Corporation, PLDT and Philex Mining Corporation in the Philippines. Pangilinan earned his education from San Beda University, Ateneo de Manila University, and Wharton School of the University of Pennsylvania.
Ricardo S. Po, Sr.
Ricardo Gabriel T. Po, Jr. is the vice chairman at Arthaland Corporation and Century Pacific Food, the country’s largest canned tuna company and the leading exporter of private-label tuna. Born in Guangzhou, he moved to the Philippines at 15 years old. The self-made businessman founded Century Pacific in 1978. As of 2017, Forbes estimates his net worth at $980 million.
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.
65-year-old Andrew Tan ranks nine at Forbes‘ list of Philippines 50 Richest 2017. The son of a factory worker, Tan started his empire by developing apartment complexes in Manila. He currently chairs Alliance Global which owns McDonald’s Philippines and Emperador, to name a few. He’s estimated to be worth around $2.2 billion.
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.
Original Article: https://www.esquiremag.ph/the-good-life/mavericks/most-powerful-tycoons-in-the-philippines-a1590-20180729-lfrm7?utm_source=Facebook-Esquire&utm_medium=Ownshare&utm_campaign=20200613-fbnp-the-good-life-most-powerful-tycoons-in-the-philippines-a1590-20180729-lfrm7-fbold&fbclid=IwAR1tNcD–PbByQPYT2H2sQ62vXHMBPR50Ej5SHwx9CiU1Uub47RZ7EUP4p8