ALI in Cebu

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ALI allots P8B for Cebu project

By Richmond Mercurio

MANILA, Philippines – Property powerhouse Ayala Land Inc. (ALI) is returning to the Cebu property market with an P8 billion investment for a new mixed-used development.

ALI said it recently broke ground for Central Bloc, a 2.2-hectare development at the center of Cebu IT Park which will be composed of office, retail and hotel components.

ALI president and chief executive officer Bobby Dy said Central Bloc’s start of construction is a landmark event in ALI’s history as Cebu City was the first area outside of Metro Manila where the company started developing mixed-use projects.

READ MORE:
http://www.philstar.com/business/2015/03/26/1437477/ali-allots-p8b-cebu-project

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COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

Anvaya Cove News

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‘Technical’ race course at Anvaya Coast awaits bidders in 2015 Salomon XTrail
By Rhoel V. Fernandez

SOURCE:
http://www.spin.ph/running/active-lifestyle/salomon-xtrail-2015-anvaya-cove-bataan-trail-run

“THAT’S our purpose – to challenge people.”

That’s the promise in the fifth edition of Salomon XTrail, which will feature new race routes and challenges to its devoted following in the trail running community.

The 2015 race is expected to draw 1,500 entries on April 25 and will be held for the first time in the exclusive Anvaya Coast residential community in Morong, Bataan.

Salomon started hosting events in the Swiss Alps with skiing and snowboarding races and has since earned a reputation for performance racing, trail running, adventure racing and city trail running.

Last March 25, the Swiss-based brand invited selected members of the media to conduct a six-kilometer walkthrough of a portion of the race course which will tour the roads, hills, mountains and valleys around Anvaya Cove.

The trail sections overlooking the cove are steep and technical, with sharp and loose rocks, roots and thick foliage, as well as rewarding views of the sea and the rugged Bataan peninsula.

Salomon Pilipinas brand manager Janice Tañada said the 2015 edition will offer race categories that will satisfy both newbies and hardcore racers. The 32km and 24km will be mountain races for dedicated trail runners while the 12km and 6km distances will be raced in trails suited for first-timers.

Tañada explained that compared to last year’s XTrail in Hamilo Coast, the Bataan race offers new trails with fewer uphills and downhills but a more technically demanding course.

“It’s very scenic, there are waterfalls and multiple river crossings. The route will have more forgiving ascents and descents, but more ropes, water and river crossings to make up for it. There are also views of Mt. Natib. This time we’ll show what technical is all about,” she pointed out.

Organizers said the race is a strictly green run so participants must bring their own bottles. For safety reasons, participants in the mountain runs will be be strictly required to bring mandatory gear such as headlamps, whistles and hydration packs.

Around Morong, a former Vietnamese refugee processing camp, pawikan-conserved beaches and Kanawan aeta communities are among the areas of interest the race will help promote. Beach resorts will also provide discounts to race participants.

Property Market News

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These 4 key themes will drive growth in the PH property market this year

SOURCE:
http://www.interaksyon.com/business/107886/these-4-key-themes-will-drive-growth-in-the-ph-property-market-this-year

MANILA – KMC MAG group managing director Michael McCullough is bullish about the Philippine property market this year.

“There are a lot of reasons for this optimism, chief among them low interest rates, quantitative easing from the central bank, and positive feedback from investors. These factors have helped create a favorable climate for both local and foreign businesses,” he said in a recent briefing.

According to him, the first key theme is the growth of townships, which have created pockets of development in Metro Manila. KMC MAG estimates investments in townships this year reaching P300 billion. Among the major developers of townships are Megaworld, Ayala Land and SM Prime, with other players like Vista Land and Federal Land joining the fray.

“The live-work-play lifestyle encapsulated in these townships have resulted into a lot of success for some of the major developers, so it’s no surprise that new players are working to c apitalize on this and bring the concept to new areas,” said McCullough.

“The township concept also provides a way for developers to be part of the solution
to the congestion in Metro Manila. With developers taking the critical first step and building
in other areas within and outside of the Metro, they’re creating new microdistricts and encouraging more Filipinos to live, work, and play closer to home. We hope that this will help reduce congestion and make Metro Manila more liveable,” he added.

A second key growth theme this year is the business process outsourcing (BPO) office segment, which has been a source of expansion for many years.

Developers are bringing to market 560,00 square meters across Metro Manila’s central business districts (CBDs) this year alone. Almost half are in the Bonifacio Global City (BGC) area, with other projects sprouting in Alabang, Ortigas and the Manila Bay area. These include the Alabang Town Center BPO building, Vector Three, BDO Corporate Center and Five E-com.

The growth in BGC is supported by the lack of supply in the Makati CBD and Quezon City.

A third key growth theme is the retail sector, as lower oil prices give consumers more disposable income. According to KMC MAG, demand for retail space within malls has peaked, with developers planning an additional 600,000 square meters through 2018.

Development is spreading outside Metro Manila, with Ayala Land, SM Prime and Robinsons Land taking the lead, and new players like Cosco Capital and DoubleDragon following suit.

“The expansion of BPOs to new wave cities and the economic growth in major cities such as Cebu and Davao have spurred developers into pursuing more projects outside of Metro Manila,” said McCollough, citing SM City Seaside, which is a 472,470 square meter mall in Cebu.

“Once this has been completed, it is expected to break into the list of the world’s biggest shopping malls,” he said.

KMC MAG said the Philippines enjoys a cost advantage with Manila’s $49.1 per square meter monthly prime mall rental rate the lowest in the region.

“We hope that this boom in the retail market would persuade more local companies to seek out foreign retailers and pursue the unique opportunity that the country provides,” said
McCollough.

The fourth growth theme is the residential sector, particularly the middle class segment where demand remains high when compared with the falling yields in the luxury segment. Driving this demand are overseas Filipinos and BPO workers who are investnig in condos.

“Previously, the gains in the residential market were largely due to luxury and high-end properties, but now we’re starting to see attractive returns for lower-end products,” said McCullough.

“The growing demand and the shortage of residential units in this sector has led to a shift among developers, who are now focusing on providing more developments catering to the middle-income sector,” he said.

The only hitch is financing, with many from the middle class unqualified for bank loans.

“We have seen developers try to work around this by taking on the bank loans and offering more affordable payment schemes,” said McCollough.

“However, the central bank’s tightening might scale bank the lending. This will not be a problem for major developers, but second tier and mid -sized players may face a bumpy road,” he said

Two Roxas Triangle Price Increase by April 1st 2015

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TRT Two Roxas Triangle

Reservations made before April 1 will use old price. Thanks!

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

The Courtyards Price Increase by April 1st 2015

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The Courtyards at Vermosa

Reservations made before April 1 will use old price. Thanks!

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

East Gallery Place Price Increase by April 1st 2015

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East Gallery Place EGP

Reservations made before April 1 will use old price. Thanks!

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

Arbor Lanes: The New One Serendra

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If you were able to acquire a One Serendra unit during its pre-selling stage, then you already know how much lucky you are. If you missed getting one, then here’s your chance to something similar, if not better. 🙂

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

Here is how Arbor Lanes compare to One Serendra.

arbor lanes

arbor lanes

COCO MIDEL
M: +63.917.502.9252
E: coco.ayala@gmail.com
CC midel.jerico@ayalaland.com.ph
PRC License 0005279 / HLURB 001035

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