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Developers Articles

Ayala Land to build first Global City hotelBusiness World 04/08/08 AYALA LAND, Inc. is building the first luxury hotel at Bonifacio Global City in Taguig together with the Shangri-la Hotels Group as it capitalizes on the booming demand for hotel rooms in the area. The project is part of the development of the West Superblock area, which will also feature a new premium grade office building that will house the unified Philippine Stock Exchange (PSE) and a museum, Ayala Land President and Chief Executive Jaime I. Ayala said in a report. Marivic Añonue

LISTED PROPERTY developer Robinsons Land Corp. is set to convert the one-hectare former site of the Medical City in Ortigas into a mixed-use residential complex. In a media launch yesterday, company President Frederick D. Go said the project would consist of two residential towers, a hotel, and an office building."This is a strong opportunity for us to build a prime project in the Ortigas Central Business District (CBD)," he said. Mr. Go noted that Robinsons Land is already known for developing the Cybergate Complex in Mandaluyong and Pasig citie

Publicly-listed Eton Properties Philippines, Inc. posted an impressive P980 Million in assets, up by 165% as of December 31, 2007. The remarkable performance is due to the brisk take-up of its projects, two of which, The Eton Residences Greenbelt and Eton Baypark Manila have been fully reserved from launch date. This resulted to the increase in cash and cash equivalents by P395,132,359 or 324% from end of April 30, 2007. The one-year old company continues its growth trend with an increase in customer deposits by P701,571,812 or 2,308% from end of April

Returns from lease of residential condominiums in the metropolis ranged from 8% to 15% yearly, with smallest apartments earning the highest yields, property research firm Global Property Guide said in a recent survey. In a study released last month, it said studio apartments in Metro Manila’s prime areas — Makati central business district, Ortigas Center, Eastwood City, andBonifacio Global City — could earn between 13% to 15% in rental returns. The highest returns, however, are enjoyed by studio units measuring about 30square meters at an average of 15

By Architect Gilbert C. Yu Joint-Venture (JV) projects between landowners and developers are a boon lately, especially after the bank closed their lending window to plain land mortgages without a financial plan incorporated into it. Left and right we see the merging of forces — big businesses fuse their efforts and assets for this type of housing development, condominium tower and the like. Most layman investor or homebuyer sees this as a good indication — of two big groups who have joined t

Philippines: Rental Yields for:Makati Central Business District, Ortigas Center, Eastwood City, Global CitySource: Global Property GuideAs of February 27, 2007     Most of the luxury condominiums are located in Makati CBD, Rockwell, Ortigas Center and Fort Bonifacio. Rental yields for these units are high.   The smallest apartments in each segment earn the highest yields. For instance, studio apartments in the prime areas of Metro Manila can earn around 13%-15%. But the highest returns are available on the smallest studios (30 sq. m.

THE PESO'S sharp appreciation against the dollar has neither dampened overseas Filipinos' interest in buying real estate nor resulted in delinquency in their housing loans so far, BPI Family Bank said. Alfonso Salcedo, president of BPI Family Bank--the thrift bank subsidiary of the Ayalas' Bank of the Philippine Islands--said housing loans from overseas Filipinos were still growing and these borrowers had been up to date in their loan payment.   The BPI group is currently the country's biggest channel for foreign exchange remittances. Salce

  The Philippine property sector may be close to hitting the peak of a post-Asian-crisis cycle, as analysts expect robust demand to extend for about two to three more years. Analysts and bankers said low interest rates and big demand from end-users were supporting appetite for real estate -- the exact opposite of the situation 10 years ago when people were buying real estate on speculation that prices would rise further.   “I think we’re closer to the top” of the cycle, said Michael Manuel, chief investment officer of Sun Life of Canada (Phi

DMCI HOmes: The Mid-Rise Residential Development Specialist Philippine STAR, April 11, 2008     There is nothing average about the DMCI Homes' version of the medium-rise development which surpasses the ordinary concept of erstwhile projects found around the metro.  For DMCI Homes, the mid-rise development should have such attributes as low density, ample space, and generous provisions designed to suit the needs of its market. This formula has likewise ensconced DMCI Homes as a "mid-rise residential development specialist" - an

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