Lunes, Enero 30, 2012

DBP asks operators to invest in RORO, offers lease scheme

MANILA, Philippines — DBP Leasing Corporation (DLC), a subsidiary of state-owned Development Bank of the Philippines (DBP), is inviting qualified shipping operators and entrepreneurs to lease roll-on, roll-off (RORO) vessels and deploy them in 28 underutilized ports in the regions of CALABARZON, MIMAROPA, Bicol, and Western, Central, and Eastern Visayas.

The company’s route assessment studies show the 28 ports already have ramps and road infrastructure which make them ideal for immediate RORO operations at minimal capital expenditures.

DBP Leasing Corporation also identified 18 more ports that the company has yet to verify if there are existing road and other infrastructures required for missionary routes.

All the 46 RORO ports that were identified were built by the Philippine Ports Authority at a cost of between P40 and P50 million each.

Francisco F. del Rosario Jr., DLC chairman and president and chief executive officer of DBP, said they will buy brand-new locally-manufactured, or second-hand RORO vessels for lease to qualified operators as this will help promote countryside development.

“We want to further pursue the Road RORO Terminal System (RRTS) component of our Logistics Infrastructure Development Project (LIDP) to reduce transport costs from Mindanao to Luzon through the use of RORO vessels that will serve as floating bridges and provide continuity for transporting people and cargoes from one island to another.”

He added that they encourage the participation of the private sector, government-owned-and-controlled corporations, local government units, cooperatives and participating financial institutions to help address the need for adequate infrastructure facilities and efficient logistics for the movement of people and distribution of goods and services in the country.

Agustin Bengzon, DLC president and CEO, said they can customize lease arrangements based on an operator’s needs and capabilities and help the operators in assessing routes. “We want to complement DBP’s development financing activities by acquiring RORO vessels to cover RORO missionary routes, thereby bridging islands and building communities.”

The Maritime Industry Authority lists RORO missionary routes as those without RORO or regular shipping service or operators. Making RORO vessels available to ply these routes could spur inter-island commercial trade and make local tourist destinations more accessible.

The ports are located in Aroroy, Masbate and Pilar, Sorsogon; Cawayan, Masbate and Naval, Biliran; Sibunag, Guimaras and Pulupandan, Negros Occidental; Ubay, Bohol and Hilongos, Leyte; Naval, Biliran and Maripipi, Biliran; San Jose, Occidental Mindoro and Coron, Palawan; and Taytay, Palawan and Cuyo Island, Palawan.

Other ports are located in Danao City, Cebu and San Francisco, Camotes Island, Cebu; San Francisco, Camotes Island, Cebu and Isabel, Leyte; Pasacao, Camarines Sur and Masbate City; Masbate City and Bogo, Cebu; Batangas City and Puerto Galera, Mindoro; Real, Quezon and Pulilio Island, Quezon; and Magdiwang, Sibuyan Island and Romblon, Carmen

Martes, Enero 24, 2012

Majestic Legacy Plans five real estate projects for Cebu

Local Developer Majestic Legacy Development Corporation (MLDC) is going to introduce at least five residential and commercial projects in Cebu in the next five years.

With the introduction of its flagship project, P200 million worth LOT 8 condominiums located in Mabolo this City, the company is at the same time preparing to launch the first commercial seaside development on Camotes Island.

In an interview with MLDC president and chief executive officer (CEO) Mario Lua, he said that the company has several existing land bank that are up for development in the next few years, but it has to prioritize the completion of LOT 8 Condominium which offers a total of 231 middle to high end units.

MLDC has existing properties in Camotes, Talisay and Mactan. At present though, the company is also scouting for good properties within the province for more residential and commercial development projects.

The eight-hectare sea-side property located in the town of San Francisco, Camotes Island, will be the next big project the company will undertake, providing a way for the Camotes to grab its opportunity as the “new iconic” product of Cebu, earlier proclaimed by the Department of Tourism (DOT-7).

Lua said the company has a special arrangement with the Local Government Unit (LGU) is San Francisco in availing of the Special-Use Agreement on Protected Area (SAPA), in order to officially start the development.

At present, the Island is classified as non-alienable, which means that non-residents of the Island cannot put structures or business, to complement within the Island, as the company plans to open up commercial spaces for investors, such as restaurants, boutiques, accommodation facilities, and also residential-condo units.

According to Lua, there are a lot of opportunities the Island is offering, and that the company is committed to start off the development soon.

Lua, who also owns the Jomalia Shipping Lines, has started offering RoRo (Roll-On/Roll-Off) transport service from Cebu (Danao City) to the Island.

In fact, the company had invested in establishing a modern terminal to accommodate the growing passengers going to the Island.

With potential to become the next “Boracay” in Cebu, Lua said he has a lot of plans for the Island.
“In the past, nobody wants to go there because of transportation inaccessibility. Now, the number of visitors is growing,” Lua said.

Aside from the seaside property, the company also owns mountainside property on the island, of which future development is also being considered.

Camotes Island located northeast of Cebu, was chosen by the DoT in Central Visayas years back, as the “new iconic product” in the region as it boasts of a fresh water lake, white sand beaches, caves, among others.

Meanwhile, MLDC is still focusing attention to its flagship project, the LOT 8, which is scheduled to compete in the fourth quarter of 2012.

In October last year, the company started its pre-selling activities, and that about 50 percent of its units are reserved from both local and foreign buyers.

Lunes, Enero 23, 2012

Monterrazas

As a welcome treat to all its future residents, GENVI Development Corporation hosted an afternoon picnic on November 20 as it unveiled Monterrazas de Cebu's welcome marker, gate and guardhouse.
As the adults enjoyed the company, food and music, the children were treated to an afternoon of surprises!  A clown, magician and balloon twister entertained the children while the adults looked on enjoying the magnificent view of Cebu from the entrance gates of Monterrazas de Cebu.
Truly a welcome sight to all residents and guests, the Monterrazas de Cebu marker shows a representation of the continuous hills the development rests on.  As if on cue, the natural flora of the mountain serves as the marker's backdrop. 

The guardhouse,a s on enters the property, is masterfullt planned t depict the Genvi logo in a much larger scale. 

True to its vision of environmental sustainability, the grass filled roof of the guardhouse sits under the Genvi logo --- a huge wave taking flight under whose welcoming wings residents and guests enter the community.
Literally translated as "mountain terraces", Monterrazas de Cebu defines luxury like no other.  It boasts of a wide range of amenities insulting a Resort-inspired Clubhouse in every phase, pocket parks and playgrounds, jogging trails and wide open spaces for every active lifestyle.
Monterrazas de Cebu is Cebu City's most prestigious 200-hectare residential development rising majestically in Guadalupe with a commanding  view of Cebu City, the forests of Buhisan and the nearby islands of Mactan and Bohol.

Located 335 meters above sea level, Monterrazas creates an exclusive city, comprising of residential.  Future residents will enjoy first-class amenities such as a multi-purpose court for basketball, volleyball, badminton and jogging trails, a resort-inspired clubhouse, and theme park.

Linggo, Enero 22, 2012

ABOUT CEBU ESTATE HUB

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Cebuestatehub.com is the first Real Estate tool and portal of Cebu’s Real Estate developers, Licensed Brokers, Real Estate Sales Specialist, Property owners and anyone who wish to practice a real estate career and earn his first millions. We aim to be an online resource and provide the necessary and timely real estate information in Cebu.


Cebu Estate Hub is a hub dedicated to providing instant solutions to the growing requirements of people in the realm of real estate, locally as well as Philippine wide. The real estate market has expanded substantially to cover a wide area of commercial activities that can only be performed by skilled professionals like real estate agents, homebuilders and realtors. Cebu Estate Hub attempts to become a one-stop source for valuable information and useful resources pertaining to all that comprise the entire domain of real estate business in Cebu and Philippines.


We aim at becoming a truly helpful guide in your pursuit of a house for sale, rental property or land anywhere on the Earth. The site offers you a quick insight of the manifold options created by Philippine housing authorities, private developers and construction companies.


We welcome you to our site, CebuEstateHub.com, and invite you to explore its various pages in order to obtain online information on how you can fulfill your different real estate requirements in an easy and instant way. We hope that you will find it interesting and convenient to use the resources provided by this site on various aspects of real estate in Cebu.


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Sabado, Enero 21, 2012

Dinagyang Promo! Become a Nego Partner

OPMC LAUNCHES NEGOSYO PARTNER

Just recently, Orchard Property Marketing Corporation launched their latest income generating project called “The Negosyo  Partner”.

“This project is truly a unique opportunity for the young entrepreneurs who is hungry for big sustainable income. Our Negosyo Partners will realize a business proposition that is unique in our industry – the real estate industry.”,  said Eduardo Tirona, President of OPMC. “This business is absolutely free. No franchise fees or whatsoever. All it needs is your time and effort – just like any other business.”, added  Tirona. Orchard Property is the exclusive marketing network of Sta. Lucia Realty & Development, Inc. – the biggest subdivision developer in the Philippines. For more than 15 years, OPMC has established itself as the leading marketing arm of SLRDI and is marketing quality real estate projects nationwide. 

For more details about being a Negosyo Partner, please call Davie Mateo at (02) 638-4268 local 122 or (0922) 896-5102.16 on 16 Anniversary Promo
P 16,000.00 bonus cash will be given to all buyers who will book lots at 20% Outright Down Payment with 16% discount on the DP (16% ON 20%) Here's a sample computation: P 700,000 (total contract price)P 140,000 (20% Down Payment)P 22,400.00 (16% discount on DP)P 16,000.00 (Cash Bonus)
* For check payments, 3 days clearing is required prior to releasing the bonus cash.
* For Sta. Lucia lots only.

Here is the list of participating projects:

OPMC and Go negosyo shares the passion for entrepreneurship
“We believe that having an entrepreneurial mindset can help each Filipino live their dreams”, says Eduardo U. Tirona, President of Orchard Property Marketing Corporation (OPMC), the exclusive marketing network of Sta. Lucia Realty & Development, Inc., the builder of quality residential subdivisions nationwide. Seen below are Ed Tirona and Joey Concepcion doing the ceremonial handshake after signing the Memorandum  of  Agreement.  Also on the photo are Irma Topacio, OPMC’s VP for Finance & Admin (at left) and Mon Lopez, Executive Director for Gonegosyo (at right)  Being a Negosyo Partner will provide you with income that really doesn’t require too much effort.  Just like getting a franchise of your own, location is still of prime importance, but this time without the franchise fee.

"BUWAN NI JUAN" PROMO EXTENDED!

For more information about the “Buwan ni Juan” promo, please contact Orchard Property Marketing Corporation Head Office (02) 635-4946 or our branch offices at SM Fairview (02-3556305), SM Sta. Rosa (049-9001270), SM Lucena (042-3737846), SM Dasmariñas  (046-4818811), Bulacan  Branch Office (044-6751476),Bacolod Branch Office (034-4440392), Iloilo Branch Office (033-3332146), Cebu Branch Office (032-2312930), SM Cebu (032-5054825), Davao Branch Office (082-2219444) and General Santos Branch Office (083-5538434).

Celebrating “Buwan ni Juan” As the country celebrates Labor Day, Sta. Lucia Realty & Development, Inc. through its exclusive marketing arm Orchard Property Marketing Corporation, launches their nationwide sales promo entitled : “Buwan ni Juan”!

“We would like to join the country by treating our Filipino workers here and abroad with special discounts on Sta. Lucia Realty properties located at prime areas in Luzon, Visayas  and Mindanao.” , says  Liezel Tuason-Magpoc, VP-Sales & Marketing of Orchard Property. “We give special discounts on down payments and balances payable in long terms with very minimal interest rates, the first year of this term will even be interest-free.” – added Magpoc.

Aside from the discounts that OPMC and SLRDI are offering, buyers can choose from the model houses of Sta. Lucia and they can get a FREE plan worth P350,000  upon application to construct with Sta. Lucia. These house plans, ranging from a Bungalow 36sqm. To  a 123sqm. Two -storey house – depending on the project and its location, include the architectural, structural, electrical, plumbing and the house’s specifications. “We always honor the sacrifices of the Filipino worker and providing a better future for his family is our utmost priority.”,  says Eduardo U. Tirona, President of Orchard Property Marketing Corporation. “With Sta. Lucia and Orchard Property, our buyers get their money’s worth and are  sure that they will always be backed up by a developer and marketing arm that’s been in the industry through challenging times.”

Biyernes, Enero 20, 2012

CANMARC Real Estate Investment Trust announces January 2012 distribution

MONTREAL, Jan. 20, 2012 /CNW/ - CANMARC Real Estate Investment Trust ("CANMARC") (TSX: CMQ-UN.TO - News) announced today that a cash distribution of $0.07917 per unit of CANMARC (the "Units") for the month of January, 2012 will be payable on February 15, 2012 to unit holders of record as at January 31, 2012.
Unit holders can participate in CANMARC's distribution reinvestment plan (the "DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Units issued from treasury and will also receive bonus Units equal in value to 3% of their monthly cash distributions. The DRIP offers unit holders the opportunity to steadily increase their ownership in CANMARC without incurring any commissions or brokerage fees. Complete details of the DRIP are available from a unit holder's investment advisor.
About CANMARC Real Estate Investment Trust
CANMARC (www.canmarc.ca) is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Quebec. Managed internally, CANMARC owns a portfolio of Canadian income-producing commercial properties, consisting of retail and office properties with certain industrial properties. In total, CANMARC properties comprise approximately 9.1 million square feet of commercial gross leasable area and 464 multi-family residential units located in Quebec, Atlantic Canada, Western Canada and Ontario.

Martes, Enero 17, 2012

Robinsons Land budgets P13b for capital spending

Robinsons Land Corp., the real estate unit of conglomerate JG Summit Holdings Inc., is spending P13 billion this year to finance land acquisitions and construction of real estate projects. Robinsons Land said in a filing with the Philippine Stock Exchange that it would spend 62 percent of the budget, or about P8 billion, for the construction of shopping malls, office buildings and hotels. The company will allot 38 percent, or P5 billion, for building residential condominiums and horizontal housing units.
“These will be funded through cash from operations and borrowings,” Robinsons Land said. Capital spending in 2012 was slightly lower than P13.9 billion in the previous year. Robinsons Land said net income in fiscal year 2011 that ended September rose 10 percent to P4 billion as gross revenues grew 18 percent to P13.3 billion from P11.3 billion a year ago. The commercial centers division contributed P6.23 billion of the real estate revenues for the year, up 8 percent from P5.7 billion last year. The company attributed the increase to higher rental fees and strong take-up of leased areas in recently renovated malls.
The company had seven new shopping malls in 2011 while three expansion projects are in the planning and development stage for completion in the next two years.
Robinsons Land’s residential division booked P4.5 billion in revenues, up 41 percent a year ago due to an increase in the completion levels of existing projects, such as The Fort Residences, East of Galleria and Woodsville Viverde and higher take-up of realized revenues from new projects such as Trion Tower 1, Sonata 1 and Amisa 1 and 2.

Lunes, Enero 16, 2012

Settlers told to stop building structures

Settlers were told to stop building illegal structures within a 505-hectare forested area in the hinterland barangays of Tabunan and Taptap in Cebu City.

The cease-and-desist order was issued yesterday by Regional Executive Director Maximo Dichoso of the Department of Environment and Natural Resources in Central Visayas (DENR-7).

He met with retired police general Tiburcio ?Tiboy? Fusilero who reported that more claimants were entering the protected watershed to broker the sale of lots, cut trees and build structures.

Fusilero said there were only 12 original claimants in the area when the 505-hectare site was declared a protected area in the 1990s.

But today, more than 25 claimants inhabit the area based on a 2009-2010 survey conducted by the Cebu City government. Unregulated activities in the area like tree cutting pose harm to the forest?s biodiversity and the watershed as a source of water supply.

The 505 hectares was placed under Fusilero?s stewardship by the DENR in 2002 as part of the Adopt a Mountain program. While his group?s intensive tree planting activities have regreened the area, Fusilero has also clashed with settlers and farmer activist groups, who accuse him of depriving them of their livelihood.

The area is part of the Central Cebu Protected Landscape (CCPL) under the supervision of the DENR.

Although the land is not open to private sale and cannot be titled, the uplands continue to be the subject of real estate speculation and illegal sale of ?rights? based on tax declarations.

Dichoso tasked Fusilero?s personnel and the DENR Forest Resources Development Division to distribute copes of the cease-and-desist order.

Dichoso also suggested a dialogue ?as soon as possible? with the claimants and property brokers to check their documentary proofs of ownership.

?If it would be proven that their structures are illegal, the property will be demolished and they will be penalized,? said the DENR officials.

Fusilero said he reported the illegal sale of lots by claimants to the DENR-7 before but no action was taken on it.

?With the cease-and-desist order, the ?squatters? would lessen,? Fusilero said.

A special task force is also being planned for the CCPL, independent from the Protected Area Superintendent?s Office (PASO). The task force will conduct regular monitoring on the protected area.

The CCPL established in Republic Act No. 9486 covers five watersheds: Buhisan, Mananga, Kotkot-Lusaran, Sudlon National Park, and the Central Cebu National Park.

These watersheds are located in the cities of Cebu, Talisay, Toledo and Danao and in the towns of Minglanilla, Consolacion, Liloan, Compostela and Balamban in Cebu province. Any purchase, mortgage and lease of any portion of the CCPL is prohibited.

globalnation.inquirer.net

Linggo, Enero 15, 2012

OUR CEBU WELCOMES Sinulog 2012

The 2011 Sinulog festival is Cebu’s biggest and most popular festival. It is celebrated every 3rd Sunday of January. The feast is in honor of the holy image Señor Santo Niño de Cebú. Fiesta Señor, as it widely known, is the most celebrated among Cebu’s festivals where people converge along the route of a grand solemn procession and partake in the gaiety amidst a mardigras parade immersed in vivid colors and the constant drums of the Pit Señor.
Mantawi Festival
Unique and exotic, dance steps are accompanied by a different beat, played by a brass instead of the usual drum and bugle. This makes up a one-of-a-kind festivity that entices and seduces the crowd to gather and witness one of the most anticipated celebration in the City of Mandaue, the Mantawi Festival.
In April 7, 1521, Magellan first sighted the island of Sugbo in search for food and supplies for his vessels’ voyage back to Spain. Mandaue at that time was called “Mantawi” – derived from a vine that grew abundantly in the coves of the area. This community with abundant vines has even been mentioned by Antonio Pigafetta as a flourishing settlement nearest to Sebu under the leadership of Datu Lambuzzan.
Paskuhan. A Christmas celebration of songs and lantern making held during the month of December spread good cheers to local residents and visitors alike.
Kadaugan sa Mactan. A one day re-enactment – held at the Mactan shrine – celebrated with much pomp and pageantry every 27th of April to commemorate the historic Battle of Mactan between the forces of Lapulapu and Magellan.
Virgin of the Rule Fiesta. Held to honor the patroness of Opon on November 20-21, this religious and social event reveals the deep religious faith of the people and the penchant for merry making. A food fair, a procession and a coronation of the Fiesta Queen highlight the festivity.
Semana Santa sa Bantayan.
A unique mixture of solemn religious rites and local celebration highlights the Holy Week activities in Bantayan Island. The normally quiet island is visited by relatives and friends of the residents, as well as tourists to experience the scenic rites and to cool off the summer heat in the beautiful white sandy beaches and clear tropical waters.
Fiesta sa Carcar. Is celebrated on November 24-25 in honor of the town’s patron, St. Catherine of Alexandria. Carcar town is noted for its old Spanish style houses in the quiet countryside setting. During fiestas, the residents would invite friends, relatives and town visitors into their homes to taste popular local delicacies. A lively and enjoyable event.
Nuestra Señora de Regla Fiesta. Lapu-lapu City – Held to honor the patroness of Opon on November 20-21, this religious and social event reveals faith of the people and the penchant for merry making. A food fair, carnival, procession and a coronation of the Fiesta Queen highlight the festivity.
Tagbo. Poro, Cebu – Celebrated every January in honor of Patron Santo Niño de Poro. Beloved memoir of a living past, Tagbo is the cornerstone from which this great municipality has sprung. Rich in cultural heritage and deep in spiritual values, Tagbo is a very significant event preluding the birth of a town every dear to the hearts of her sons and daughters.
Sanayon. Agro-tourism festival in the southern towns of the second district about 100 km from the city. A month-long activity to spread out tourism to the countryside.
Tres de Abril Celebration. Celebrated every 3rd of April in commemoration of the Spanish resistance in the south. This historic battle under Leon Kilat’s leadership gave Cebu the glory of being the first major island outside Luzon to oppose Spanish dominance.
Siloy Festival. Celebrated every August 26 in the town of Alcoy.
Haladaya Festival. Celebrated during the summer in the town of Daanbatayan (see Datu Daya).
Bakasi-Dinagat Festival. Celebrated in the town of Cordova.

Sabado, Enero 14, 2012

CITYscape 2 Groundbreaking

Rain or shine, July was one of the most celebrated month of Myvan Properties & Development Inc., innovatively affordable, successfully unveils the fourth property project the Cityscape 2 at Juana Osmena, Cebu City.
The groundbreaking ceremony started with a blessing by Rev. Father Daniel Mata, guests welcomed by Mr. Jaylord Ebero, Sales Supervisor of MPDI, brief history of Myvan Properties success for years by Ms. Regina Solero the Operations Manager of MPDI. Introuction of Key Business Managers by Ms. Baby Cabarrubias, HR Manager.

COMING SOON:

MPDI proudly announces the launch of its 4th Condominium project soon, THE CITYSCAPE 2, a fusion of hotel (THE CITYSCAPE HOTEL) and condo residences. After the success of MPDI in its three projects, VERTU RESIDENCES, ATELIER RESIDENCES AND THE CITYSCAPE TOWER ONE, MPDI brings you another medium rise 16-storey-120 unit condo residences and condo-tel. Live, [...]

Biyernes, Enero 13, 2012

North Belton Communities in Q.C. to have its own SM

An SM mall will soon rise within North Belton Communities (NBC), a vast mixed-use township in Quezon City being developed by Belton Communities, Inc. (BCI), a subsidiary of Lucio Tan’s Eton Properties Philippines, Inc. (EPPI) catering to the middle-income segment.

Three hectares in NBC’s 13.8-hectare property located along Quirino Highway, Quezon City have been dedicated as the area where the mall will be constructed.

According to BCI Asst. Vice President and Project Director Jay Atencio, “Our partnership with SM in North Belton Communities is intended to give our homebuyers the best value for their purchased property. Adding to that, of course, is the convenience the mall would provide to the communities within the township.”

North Belton Communities has three exclusive residential enclaves, namely, The Manors, West Wing Residences and West Wing Villas that would eventually be home to 1,600 families.

“Very soon, residents can simply walk to shop, dine, or simply unwind at their neighborhood SM mall,” said Atencio.

The arrangement between NBC and SM marks the second tie-up between EPPI and the SM Group. The first partnership was in 2009, when EPPI and SM’s Super Shopping Market, Inc., sealed an agreement in relation to Eton’s two-level commercial center, Centris Station, in Quezon City, where SM Hypermarket is the anchor tenant.

North Belton Communities’ partnership with SM is true to BCI’s mission of offering Filipino homebuyers security, comfort, and value-for-money in integrated communities that provide everything they need.

Apart from having its own SM, North Belton Communities also boasts of being near favorite Q.C. malls. It is right across SM Hypermarket Novaliches and 10 minutes away from SM City North and Trinoma.
North Belton Communities is readily accessible as well through main thoroughfares such as EDSA, Quirino Highway, Mindanao Avenue, Tandang Sora and the newly opened expressway connecting Mindanao Avenue to North Luzon Expressway (NLEX). Schools such as UP Diliman, Miriam College, Ateneo de Manila University and St. James College are also nearby.

City Loft Updates - November 2011( Ground Digging )

City Loft Mango 
After the success of its remarkable groundbreaking last April 16, Fuente Triangle Realty Development Corporation officially had the ground digging for the upcoming city attraction City Loft Mango, last November 8 . The ground digging formally starts the construction of the 17-storey condominium and finally ends public’s long-wait. 
Found at the prime locale of the city of Cebu, along Gen. Maxilom Avenue, City Loft Mango was organized to build up, improve and promote next generations’ urban lifestyle. City Loft aims to provide quality investments with affordable, convenient and easy payment terms condominium units. It was designed to integrate investor’s way of life, bringing them into a world of pleasure and style. What more can you ask for its advanced facilities and highly equipped amenities with WI-FI ready milieu, high-speed elevators, videocom, and 24-hour security systems. This condominium also has a perfect setting because of its proximity to schools, offices and shopping malls. 
Fuente Realty Development Corporation is a subsidiary of J.King and Sons Company Inc. who holds country’s tallest Crown Regency Hotel and Towers. 

Huwebes, Enero 12, 2012

THE KING PROPERTIES

The event started with the blessing of Villa Solana Consolacion's newly completed Gazebo.  It was then followed by the Induction of the 2011-2012  Homeowner's Association Officers with the presence of Mr. Jason A. King, one of the directors of Juanito King & Sons, Inc.  Management and operation of the subdivision commence on January 2012 handled by the Villa Solana 

Homeowners Association, Inc. (VSHAI) 2011-2012 Officers. The Housing Market - Where We Stand Now - Monday, 23 January 2012 - 11:46am After a few years of depressing information out of the U.S. housing market, this month’s data continues to be mixed. Is recovery truly in the works? Here’s what the numbers say Foreclosures According to numbers from real estate data firm Realty Trac, foreclosures in January were down, the second consecutive monthly drop. 

The national foreclosure rate fell to one in every 409 U.S. households, representing a ten percent decline from December Realty Trac’s executive was not convinced this is a true sign of recovery though.

"January foreclosure numbers are exhibiting a pattern very similar to a year ago: a double-digit percentage jump in December foreclosure activity followed by a ten percent drop in January," James J. Saccacio, chief executive officer of RealtyTrac, said in a statement."If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternatives works,"

He said The states still getting hit hardest by foreclosures are Nevada, Arizona, California, Florida, Utah, Idaho, Michigan, Illinois, Oregon, and Georgia.Home Sales Existing home sales were down again in January, falling 7.2 percent from December, based on data from the National Association of Realtors. According to the Census Bureau, new home sales hit an all-time record low in January, plummeting 11.2 percent to a seasonally adjusted annual pace of 309,000 units. 

That is the lowest rate of sales on record. Foreclosed homes and short sales continue to attract more buyers than the higher prices of new homes. Fannie MaeThe government-sponsored entity, which has been under government control since September 2008, recently announced it will need another $15.3 billion in bail out money from taxpayers. Fannie Mae, one of the largest mortgage finance companies in the country, had $216.5 billion worth of non-performing, toxic loans on its books as of December and just reported total 2009 losses of $74.4 billion dollars.

Fannie and Freddie Mac, the other mortgage GSE , have been instruments in getting bad loans out of the investment markets, but apparently couldn’t take on the nation’s problems without eventually dealing with them as well. Interest Rates Mortgage rates stayed low for the entire month of February, but there is plenty of talk as to what will happen after the Federal Reserve stops buying up mortgage-backed securities at the end of March. Most say the laws of supply and demand suggest rates will rise, perhaps by a half to a full percent. Yet, based on recent statements by officials, there is reason to believe the Fed and the Obama  Administration are perfectly willing and ready to step back in to aid the housing market if rates do start to rise, which would in turn bring lower rates again While no one is ready to say the housing market is back to normal, things are at least better than they have been during some periods over the past two years. 

The question is whether they will continue to improve or head south again.

Property firm to build 500 houses in Cebu

A LOCAL real estate developer is aiming to add at least 500 residential units in Cebu in the next two years as it introduced its third house and lot project in Minglanilla town in southern Cebu.

Arli T. Arenas-Vergara, sales and marketing head of Paramount Property Ventures, said the Minglanilla project called the Vizkaya Zen Residences, would be part of the firm’s expansion plans for Cebu.
Vergara said the firm was very confident of the Cebu market based in its experience with its three past projects – Coral Bay, Fonte di Versailes, and Mazari Cove.

“Our Coral Bay project with 74 units is sold out, Fonte de Versailes has 232 units and about 65 percent of that is sold while our Mazari Cove with 400 units is 80 percent sold out,” she said.
Their new project called Vizkaya Zen Residences will have 121 units located in a 2.2 hectare property in Calajaan, Minglanilla, Cebu.

“All our existing projects are located in Naga and Minglanilla which are south of Cebu because the owners are from Minglanilla and they are also very confident about the prospects of developing projects in the area because of the South Road Property,” she said.

Vizcaya Zen Residences will be the first residential project in Cebu that will feature a Basic Intrusion Alarm System provided by SSMI or Security and Systems Monitoring, Inc.

“With this project we hope to attract the higher middle class market,” she said.
The firm is also targeting expats, foreign nationals and overseas Filipino workers for their three project in Cebu.

Mar Relampagos, a company official, said the Cebu real estate industry was expected to continue growing with more players coming in to introduce their products to the Cebuano market.

“Based on the data from HLURB (Housing and Land Use Regulatory Board) there are about 45 more projects applying for permits here in Cebu, which only shows how confident developers are about the market,” Relampagos said.

He said this was the reason for the expansion of 500 residential units on top of the 1,000 units provided by its three other projects.

Roy Vincent Lumayag, another company official, said they were studying plans to go into the condominium market.

“We are still looking at the plans and negotiating with land owners as of this time but we will definitely go into vertical projects perhaps in 2013,” said Lumayag.

The firm also plans to expand outside Cebu particulary in Bohol and Davao, which have growing real estate markets.

“While Cebu remains an attractive market to tap, we thought that we can also start expanding outside to also offer our products to the huge and still untapped market in these areas,” Lumayag said.

newsinfo.inquirer.net

H&R PROPERTIES DEVELOPMENT CORP.

Cebu Province

The province is a narrow strip of land, approximately 200 km long and 40 km across at its longest and widest points, respectively. It's backbone is made up of rugged mountains rising to 1013 meters in the center. Narrow plains can be found along the islands´ coastline. Smaller islands surround the mainland. It is located in Central Visayas, which is in the center of the Philippine archipelago. It is bounded by the Visayan Sea in the north; Camotes Sea in the east; Tanon Strait in the west; and Bohol Strait in the southeast. Cebu’s weather promises to be good for business because typhoon activities are minor and rainfall is evenly distributed throughout the year. Moreover, the island is not located within any earthquake belt, there is no known active volcano.

Cebu Province has 6 cities; Cebu, Danao, Lapu-Lapu, Mandaue, Toledo and Talisay and 47 smaller towns. In contrast to the bustling metropolis, the rest of Cebu's 167 islets and islands are lined with idyllic white sandy beaches and pristine clear waters. Cebu City is the capital of Cebu. Often called the “Queen City of the South” and the Seat of Christianity in the Philippines, Cebu is the country's oldest city. It is where you can find Colon, the first and oldest street in the whole country which used to be the center of trade and industry during the pre-colonial days.

A Brief History

Cebu, also known as Sugbu, was already a prosperous settlement before the Spaniards came in 1521. On April 14, 1521, 800 natives were baptized during the first Mass in Cebu, including the chieftain and his wife. Thirteen days later, Ferdinand Magellan died in the battle against Lapu-Lapu, a native chieftain, in Mactan, an island off the coast of Cebu.
The first permanent Spanish settlement in the Philippines, it was founded in 1565 as San Miguel by Miguel López de Legaspi; it was capital of the Spanish colony until 1571. On January 1, 1571, the present city of Cebu was founded, changing its former name of San Miguel to La Villa del Santissimo Nombre de Jesus. The province of Cebu was created on March 10, 1917.
As a major Japanese base in World War II, it was largely destroyed by U.S. bombs. It has been rebuilt and today is a charming mixture of old and new, East and West. A Roman Catholic archdiocese, it has a bishop's palace, a cathedral. The Sto. Niño Church houses the jewel-encrusted gold statue of the Holy Child, given by Magellan to King Jumabon and Queen Juana.

The People

Cebuanos are extremely proud of their cultural and historical heritage. The Cebuano dialect is the main language used. While Filipino is commonly understood and spoken, the English language is widely used in business transactions and education. Cebu Province has a total population of more than 3 million.

Commerce and Industry

It is not just a promise or potential, Cebu demonstrated its capability with an excellent economic track record. It is the second largest city and fastest growing economy in the Philippines.
Cebu grows coconut, sugarcane, abaca, bananas, tobacco and rootcrops, but the main agricultural product grown is corn. The province is also popular for its grapes, mangoes, and cut flowers.

The island is rich in mineral resources. One of the biggest copper mines in Asia is in Toledo City. Other deposits include gold, silver, iron and coal.

Industries include the production of cement, fertilizer, paper, coconut oil and beer. The province of Cebu is especially well known because of the production of locally handmade acoustic guitars, bandurrias (Filipino mandolins), banjos and ukuleles. Already for generations the Cebuanos have been making quality guitars. The guitar makers are considered to be among the world's finest craftsmen. Mactan island, is the center of Cebu's guitar-making industry. Handicrafts made of bamboo, wood, and shells can also be found. The products find their destination in shops on the national market as well as via export in shops in foreign countries.
The relevance of foreign investors in the export-industries in Cebu City (and Mactan island) is evident.  The MEPZ (Mactan Economic Processing Zone) industrial park is the site of big foreign as well as local companies. On the top of the list of relevant export products in this region are semiconductors, electronic watches, electrical equipment, cameras and furniture. The largest foreign markets are the USA and Japan. Outside Metro Manila, Metro Cebu is considered as the largest and most progressive urban center in the country. The development of its infrastructure is balanced; it has all the ingredients necessary to be competitive and sustain investments. It is a cosmopolitan with all the support facilities and amenities needed for an ideal lifestyle It is the most accessible place in the Philippines, with more domestic air and sea linkages than Manila.

Cebu is base to over 80% of inter-island shipping capacity in the Philippines.
 Cebu is the Tourism Gateway for the Central and Southern Philippines.

Money

The Philippine currency is peso, divided into 100 centavos. Next to the peso, the US dollar enjoys wide acceptance. Most foreign currencies can easily be changed at banks, hotels, and authorized dealers. Foreign currency is not readily taken by the establishments in Cebu. Major foreign credit cards may be accepted only at major hotels, resorts, shops and restaurants. Visitors are advised to bring sufficient amount of change in small bills or coins.

Getting There and Away

Boats and fast ferries travel to and from Cebu on almost all neighboring island provinces several times a week. The Mactan International Airport is the nation’s second largest airport and accommodates domestic and international flights that connect the island to several continents. Many tourists from abroad will directly fly to Cebu's airport. From Cebu they spread out by boat to the many islands in the Visayas or they stay on Cebu island. 
Getting around Cebu one may take a colorful jeepney or a bus at a minimal fare. Tricycles (motorcycles with sidecars) are popular in outlaying areas and in the suburbs, quiet notably within Mactan Island. Taxicabs are widely available.

Life & Tourism

Cebu ranked no. 4 among Asian island destinations, according to Travel + Leisure magazine, which recently released the results of its World’s Best Awards 2009, a listing of the best hotels, airlines, cruises in islands and cities all over the world.

On Mactan island, tourism is well developed. Many dive centres and dive resorts (more than 75) arrange day excursions and diving safaris to the surrounding dive sites. Not only in the nearby waters, but especially to the nearby small islands, Cebu became the country's top tourist destination. Foreign as well as local tourists have countless choices on what to do and what to see in Cebu from soaking in on fine white-sand beaches and fantastic dive spots or getting into any sort of exciting water sports like parasailing, jet skiing, to name a few, or land adventures like trekking, or visiting local industries, to dining in and shopping on world-class malls, or tracing the province and city’s Spanish and religious past, to celebrating its festivities, or simply discovering the local’s way of life.

Cebu has one of the best records for peace and order in the country.

Huwebes, Enero 5, 2012

HOUSE BILL MANDATING CONDO DEVELOPERS TO SHARE IN SOCIALIZED HOUSING SUBMITTED FOR PLENARY ACTION.

THE House of Representatives’ Committee on Housing and Urban Development has reported out for plenary deliberation a bill making mandatory the participation of condominium developers in the socialized housing program.
House Bill 3189 is among the 13 new priority measures President Aquino recently presented before the Legislative Executive Development Advisory Council.
Party-list Rep. Bernadette Herrera-Dy of Bagong Henerasyon, the author of the bill, said the measure requires developers of condominiums to develop low-cost housing units equivalent to 20 percent of the total condominium area.
However, the bill also gives condominium builders an option to allocate 20 percent of the condominium project cost for the development of affordable housing for ordinary Filipinos.
The bill seeks to amend Republic Act 7279, or the Urban Development and Housing Act of 1992, by adding condominium developers among those mandated to pursue socialized housing projects.
Originally, only developers of subdivisions are required to comply with the balanced housing development (BHD).
The BHD may also be carried out by developers for new settlement, slum upgrading or renewal of areas for priority development, joint-venture projects with either the local government unit or any housing agency, participation in the community mortgage program and acquisition of resettlement bonds.
Dy asked her colleagues for the swift approval of the bill, saying that while the government has been embarking on numerous housing projects for low-income Filipino families, socialized housing remains inaccessible to the poor.
“Demand for housing continues to grow as the Philippine population continues to grow rapidly,” said Dy.
The legislator disclosed that the housing needs over a five-year period starting 2005 has been projected to be about 3.75 million units.
“With the vertical housing development trend nowadays plus the bigger percentage of housing needs in the urban areas, the share and participation of the private sector in socialized housing has to be reassessed and restructured to include vertical housing developments, such as condominium projects, to help mitigate, if not eradicate this backlog of housing needs in the country,” she said.

Developer invites local retirees

By Katlene O. Cacho

Tuesday, January 3, 2012

DEVELOPER Megaworld Inc. is optimistic it can entice local retirees to buy units in their latest condominium development, 8 Newtown Blvd. in Mactan, Cebu Province.

The firm, described to be the country’s leading “township developer,” expanded operations to Cebu and built a residential project targeted at retired foreigners.

According to Roselou Tandoc, Megaworld International sales director for Kuwait, Beijing and Cebu, the firm’s 16-hectare development in Lapu-Lapu City is called The Mactan Newtown, which follows a “live-work-play” master plan.

The 8 Newtown Blvd., which will have four 15-storey towers, is the company’s first development in the area. Other projects planned for the location include a shopping center, hotels and a BPO building that can accommodate up to 2,500 seats.

Tandoc said that although the condominium project is positioned for Japanese retirees, they hope to also attract local retirees.

“This is a new development where local retirees can get to enjoy a Japanese-inspired development,” Tandoc said, during the project’s recent soft launching.

She said retirees can choose between executive studio units at 40 sqm and one-bedroom units at about 50 sqm, all fully-furnished. Its pre-selling prices range from P3.8 million to P4.8 million.

Among the project’s amenities are a wellness center, “onsen” rooms (indoor spa rooms), multipurpose/tea room, rock garden, “niwa” (a traditional Japanese garden with plants, shrubs, mosses and ferns), koi pond, ikebana and origami rooms, and wading pool.

Partnership

The 8 Newtown Blvd. is adjacent to Shangri-La Mactan and Portofino Beach Resort.

Megaworld recently signed a partnership with the Philippine Retirement Authority to facilitate Special Resident Retiree’s Visa (SSRV) applications of qualified foreign clients through their investment in 8 Newtown Blvd.

“The Japanese market finds the Philippines very attractive because of the strong presence of their fellowmen in the country and its proximity to Japan,” said Philippine Retirement Authority general manager Veredigno Atienza.

Japan is one of the country’s top three travel markets. Latest reports from the Department of Tourism showed 343,355 Japanese visited the country from January to November last year.

Tandoc said Japanese retirees now look for alternative retirement destinations following the calamity that hit Japan last year.

According to Megaworld marketing consultant Abigail Tabuchi-Sumida, the standard retirement age in Japan is 65 but many retire as young as 40 years old.

“Those in their 30s are already investing for their golden years,” said Tabuchi-Sumida.

She said expensive nursing homes and the high cost of living in Japan are the two factors driving citizens to look for alternative retirement locations.

Atienza said that outside the National Capital Region, the preferred places for retirement in the Philippines are Baguio, Subic and Clark in Pampanga, Davao and Cebu.

“Similar to popular Hawaiian islands such as Honolulu and Maui, Cebu boasts of both natural wonders and urban conveniences, which are very appealing to retirees,” Atienza said.

“These offerings are complemented by good security in the region, along with a supportive local government and warm, sociable locals,” he said.

Locators

In November, the Lapu-Lapu City Government signed a memorandum of agreement with Megaworld Corp. for the joint venture project.

The firm is also getting accreditation from the Philippine Economic Zone Authority (Peza) to have the project declared an economic zone.

Construction is underway for One World Center, a five-level office building designed to serve the needs of top firms in the BPO and IT industries.

Some potential locators include Quantum Leap, Accenture, Hewlett Packard, Dell and IBM.

Megaworld Corp. is the developer of the 18-hectare Eastwood City, the firm’s pioneering “live-work-play township.”

Published in the Sun.Star Cebu newspaper on January 04, 2012.

Camella eyes 3 Cebu sites

By Katlene O. Cacho

Monday, December 19, 2011

ENCOURAGED by the country’s booming real estate industry, Camella, a subsidiary of Vista Land and Lifescapes Inc. (Vista Land) is set to launch 14 residential projects in new areas across the country in the first quarter of 2012.

Three of these projects will be in new areas in Cebu, a company official disclosed.

Camella Cebu North general manager Myra Lynn Gilig, in an interview over the weekend, said the company’s expansion is motivated by the country’s healthy real estate industry, supported by the growing overseas Filipino market.

Gilig noted 60 percent of the accounts of Camella are those of overseas Filipino workers.

The three new projects in Cebu, she said, are in addition to the company’s existing 33 projects here. She added the company will also be expanding their existing developments such as those located in Talisay City and Barangay Talamban in Cebu City.

Last Saturday, Camella launched four new model townhouse units at The Courtyards in Pasadena, an extension of its Pasadena community in Guadalupe, Cebu City.

The Courtyards in Pasadena will house a total of 24 three-bedroom townhouse units priced at P4.6 million to P7 million.

Interior design consultant Architect Michael Pizarro said the units are ideal for start-up or small families who wish to live in a private community.

“Our focus here is to provide a modern-day living space that is anchored on comfort and privacy,” Pizarro said, adding they have “stepped up” the idea of homes at the Courtyards to catch the attention of the discriminating market.
The house units at the Courtyards use neutral colors to promote laid-back living.

Among the project’s amenities is a swimming pool and community pavilion.

Camella Cebu already sold 40 percent of its units to mostly local buyers living in Cebu or neighboring islands.

Gilig said they are optimistic about the market considering that the project is strategically located, just minutes away from the city center. She added the low interest on home loans now being offered by banks has also helped them attract buyers.

Vista Land reported its sales for the third quarter reached over P6.2 billion, bringing the total sales for the first nine months of the year to P18.3 billion.

Vista Land chief executive officer Manuel Paolo Villar said the company is confident it would meet or even exceed its net income and sales targets for fiscal year 2011 despite market uncertainties.

For the first nine months of the year, Vista Land’s real estate revenues was at P9.9 billion while its net income stood at P2.61 billion. The company earlier said it is targeting about P3.4 billion in earnings and approximately P24 billion in sales for the full year.

“We have had three consecutive quarters of record sales, with the bulk accounted for by our flagship Camella brand. We expect to see continued strong sales performance for our company in the fourth quarter as demand for house and lots, particularly in the mid- to low-end segment of the market, continues to be robust,” said Ricardo Tan, Jr. Vista Land’s chief financial officer.

Vista Land is the holding company of five business units: Brittany, Crown Asia, Camella Homes, Communities Philippines and Vista Residences.

Published in the Sun.Star Cebu newspaper on December 20, 2011.

Firm unveils Mandaue project

By Katlene O. Cacho

Sunday, December 4, 2011

DESPITE numerous residential developments in Cebu, homegrown property developer Maria Luisa Properties said it is optimistic it would get a good share of the market with the announcement of its latest premier development, The Heritage, in Jagobiao, Mandaue City.

“We have been a pioneer in gated residential community here in Cebu. We know the Cebuano market well and their preferences when it comes to building homes. Cebuanos may be frugal but when it comes to homes, they (buyers) spend more than luxury,” said Annie Aboitiz, general manager of Maria Luisa Properties.

The Heritage sits on a 13.6-hectare property in Jagobiao, which Aboitiz said is the Osmeña’s family farm, Hacienda Mandaue. The property will be converted into a high-end subdivision with over 200 lots.

Lot prices range from P9,000 to P12,000 per square meter. Since it started selling this month, the firm has already sold six lots.

Aboitiz said The Heritage will have a well-designed and environment-friendly infrastructure and amenities such as a clubhouse and swimming pool; a fishing pond and parks and tree-lined streets.

Unlike other residential developments today, Aboitiz said that what sets this project apart is the completion of its roads and utility infrastructure. Construction of the clubhouse and the fishing pond is also underway.

Aboitiz said buyers can now start building their homes with ease and convenience. The Heritage requires a minimum ceiling of P2.5 million with maximum house height of nine meters.

To make the project an ideal place to live in, Aboitiz said they have retained the trees in the area and even planted 250 more trees. She said she will also be planting Palawan cherries.

Asked if the company will build more vertical projects, Aboitiz said Cebu is already saturated with condominium projects and the firm will focus on building horizontal real estate projects for Cebuanos instead.

Maria Luisa Properties was founded by Mary Renner Osmeña. Its first project was the 10 -hectare high-end Maria Luisa Estate Park, which expanded to 200 hectares of prime residential property.

Among its other projects in Cebu are The Highlands, Red Stone Village, Dancing Sun Subdivision, Maryville Subdivision, Maryville Heights, Casili Hills Subdivision, Mahogany Place, and 8 Maria Luisa.

Published in the Sun.Star Cebu newspaper on December 05, 2011.

Miyerkules, Enero 4, 2012

First Homes, the perfect city address for first time homebuyers

In a country where condominiums are oftentimes more expensive than a house and lot, it is certainly good to know that there are quality condo units within the city's prime locations that first time homebuyers can truly afford.

This type of affordable condominiums that make in city living within reach is exemplified by the real estate property projects of First Homes Inc., namely, Aurora Heights Residences on Aurora Avenue, Quezon City, and First Homes Makati in Makati City.

What makes this pleasantly surprising is that these developments came from the same prestigious Eton brand of residential condominiums. First Homes Inc. (FHI) is a wholly owned subsidiary of Eton Properties Philippines Inc. (EPPI), the property arm of the Lucio Tan Group of Companies and one of the leading full-range property developers in the country today.

According to EPPI president Danilo Ignacio, "It used to be that condominium projects come in bigger sizes and are sold at higher prices. This has changed in recent years with the popularity of mid-market condos. And now First Homes is once more revolutionizing home ownership as it makes it possible for the middle income market to have a condo residence within the city's prime addresses".

With its best value homes that are carefully designed and have advantageous location and amenities, FHI endeavors to establish a strong presence in the broad affordable market segment which accounts for a huge number of households in the country.

Aurora Heights Residences, the first project of First Homes Inc. is a transit oriented, 20-storey condominium that is fully furnished and move-in ready. Innovative space planning and custom-built furniture deliver beautiful and functional fully-fitted two and three-bedroom units. With an affordable amortization of P10, 000 a month, one can have a two-bedroom unit and enjoy a lifestyle centered on modern city conveniences.

The project also has complete amenities including a large clubhouse with receiving areas for guests, an adult and kiddie pool, landscaped gardens as well as commercial establishments at the ground floor.

Aurora Heights Residences is a few minutes away from the university belt comprising UP Diliman, Miriam College and Ateneo de Manila University. Just five minutes away from the LRT Santolan station, major shopping complexes such as SM City Marikina, Robinsons Mall and Araneta Center are very accessible via the LRT/MRT.

"We are here to offer the market the best mix in terms of price location and project features," Ignacio said.

The second FHI project is even more remarkable — First Homes Makati a 34-storey residential condominium situated at the corner of Chino Roces Avenue (formerly Pasong Tamo) and Malugay Street. First Homes Makati is just steps from Sen. Gil Puyat Avenue and minutes from Ayala Avenue. Aside from being in the heart of the country's foremost financial district, the project is also near major malls as well as schools such as the Centro Escolar University, Mapua Institute of Technology and Far Eastern University.
 

Perfect for young employees, working students, and newlywed couples, First Homes Makati features fully furnished and move-in ready two-bedroom and three-bedroom residential units. Amortization starts at an affordable P10, 000 a month for the two-bedroom unit and P17, 000 a month for the three-bedroom unit.

Ignacio said, "With First Homes projects, we intend to convince the market of the merits of buying a condo over renting. We also want to capitalize on the trend of homebuyers choosing condo ownership over buying a house and lot because of its accessibility to the work place and other most frequented places like malls".





www.firsthomes.com.ph