Bonifacio Global City expects to equal Makati space by 2012

(Fr. BusinessWorld Online)

THE BONIFACIO Global City expects to become as big as Makati in terms of floor area in three years, the developer of the former military reservation in Taguig said, pointing to the mushrooming of condominiums, corporate headquarters, and retail businesses.

This would be a huge change from what used to be viewed as just an alternate route to the Makati central business district (CBD).

In a statement, the Fort Bonifacio Development Corp. (FBDC) said it expects Bonifacio Global City’s gross floor area to hit 2.6 million square meters (sq. m.) by 2012 or more than twice the figure today. Citing various studies, FBDC said it expects the supply of residential units to reach 8,442 units — at par with Makati’s and surpassing Ortigas’ 7,000 units.

SOURCE LINK:

http://www.bworldonline.com/BW092109/content.php?id=046

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