Take your time. That’s the only rule at Pico de Loro Cove.
The residents and club members of Pico de Loro — the maiden residential development in SM Land’s premier leisure destination in Nasugbu, Batangas called Hamilo Coast — can now enjoy the first phase of the community’s Lagoon Promenade feature. This component of the common area of the community can be considered a premium amenity and is another innovation in this leisure development embraced by mountain and sea. It is a welcome addition to the extensive array of activities and recreation facilities one can enjoy at the exclusive Pico de Loro Beach and Country Club.
At the Lagoon Promenade, enjoying life is taken at one’s pace – just as a leisure community should offer. The promenade is primarily a 2-km paved pathway that circles the twin man-made lakes at the center of the residential development. It is envisioned to provide a venue to enjoy leisurely strolls and soothing nature views. From different vantage points of the lake edge, one can meander around and appreciate the development’s natural environments.
“The Lagoon Promenade offers a unique interplay of experiences for unit owners and club members of Pico de Loro,” said Herbert Herrero, Pico de Loro project director for residential condos. “People naturally gravitate towards anything with water so walking around the promenade gives you a different feeling. You can take it slow, just sit down at the lake edge and enjoy your favorite book, or just indulge in the serenity that the lake and mountain views offer.”
Herrero added that the Lagoon Promenade will promote a pedestrian lifestyle to instill the benefits of walking.
At the same time, it will foster a sustainable and environmentally sound lifestyle, which has always been at the core of Hamilo Coast.
The two-hectare twin lakes are positioned as the central feature of the development, as a demarcation of the northern and southern sides of Pico de Loro Cove. As such, visitors can tread the promenade to reach one point to other key areas, such as from the country club or condo clusters, to the beach front where a host of more active experiences beckon.
The first phase fronting the Myna and Jacana residential clusters is now accessible along with the completion of earlier-launched condo buildings. The second phase, which will cover the lake edge in front of latest building clusters Miranda and Carola, will be completed by 2011. More than 75 percent of the first residential cluster, Jacana, has already been turned over to residents while 38 percent of Myna cluster’s residents have moved in. The other clusters, Miranda and Carola, were topped off early this year.
Surrounded by lush plant varieties, the promenade is amply shaded by trees such as Acacia, Palmera, Yellow Campanilla, Hong Kong Orchid Tree, Talisay, and Royal Palm. To make the trail more interesting, the development team embellished the promenade with a variety of flora.
Benches, seating areas, and view decks adorned with railing and trellises are situated in selected areas, serving as convergence points where anyone can gather to spend quality leisure time. Simple furnishing were installed around the promenade to achieve a good blend of the built environment with the natural environment.
The two lakes are separated by a bridgeway that will contain another viewing deck. On one side of the lake area near the country club, an ampitheater will also be constructed soon as a complementary venue that will take advantage of the lagoon as its backdrop. At the opposite end meanwhile is a Lagoon Plaza that presents a view corridor from the country club all the way to the beachfront.
For details on Pico de Loro and other SM projects, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 06 December 2010
RA 9646, popularly known as Real Estate Service Act ( RESA ) has been approved for implementation when its Implementing Rules and Regulations ( IRR ) was published on July 24 2010 at Philippine Daily Inquirer and Philippine Star. For details on the RESA Law, visit www.ra9646.com, the central repository of all updates on RA 9646.
Tuesday, December 7, 2010
Friday, October 8, 2010
Destination: Hamilo Coast 365 Days of Summer
Living in Manila definitely has its perks. I’ve always likened it to New York in that it has everything a restless individual needs, and that is ample distraction. Oh yes, Manila will undoubtedly hold you captivated with its fast-paced corporate power jobs to its endless malls and sprawling event venues offering diverse culture, cuisine and entertainment experiences.
However, while city life may not always be a bad thing, leading a busy, fast-paced lifestyle will eventually take its toll on most. Burnout, confusion, loss of inspiration—these are just among the unfortunate results that stem from a full-throttle existence. Luckily for weary city dwellers and habitués looking to escape the chaos, another benefit of living in Manila today is that the perfect weekend getaway is just a three-hour drive away.
Tucked cozily along the rustic shores of Nasugbu, Batangas, Hamilo Coast boasts of vast hectares’ worth of natural beauty spread across verdant forests, lush mountains, breathtaking coves and 25 kilometers of clear coastline. Within this abundant setting lies the ultimate leisure experience—Pico de Loro Cove, SM Land’s recently developed exclusive leisure community.
A sprawling 37.5-hectare property, Pico de Loro Cove is home to the first of SM Land’s many master-planned destination developments. It promotes a unique vacation lifestyle with its exclusive residential enclaves; its man-made salt-water lagoon, bordered by a two-kilometer promenade; and the recently opened Pico de Loro Beach and Country Club, which hold the key to various indoor and outdoor leisure activities both the laidback and adventurous resident and club member can enjoy.
Currently a two-and-a-half to three-hour drive from Manila when you take the scenic Tagaytay-Nasugbu route, SM Land is currently working on shortening travel time to the cove by as much as an hour and a half. Commencing its operations in 2011 is a 90-minute ferry ride from the pier at the Mall of Asia Complex, docking at Papaya Cove, which neighbors Pico de Loro. An alternative land route via the Ternate-Nasugbu tourism highway is also on the works, enabling residents to bypass the narrow Tagaytay ridge and arrive at the cove in an hour and a half tops. With these alternative routes well on their way to completion, the coming year will see Pico de Loro’s leisure lifestyle options more accessible to both residents and club members.
The best of both worlds
What’s great about Pico de Loro is that it’s a real cove, says Herbert M. Herrero, the Project Director for Pico de Loro Residential Condos. “One of the key features of Pico de Loro is its natural environment,” he says. “Being a bowl-shaped cove, it enables city dwellers to not only appreciate the ocean, but the surrounding forest as well. Here you will really feel embraced by nature.”
With the previous year’s onslaught of natural disasters, there has been a growing consciousness among people about the importance of leading sustainable lifestyles. And this is something SM Land abides by when it started developing Pico de Loro. Working in tandem with the World Wildlife Fund (WWF-Philippines), everything in Pico de Loro is designed to enhance and sustain the natural environment, preserving what’s there for generations to come. And rightfully so, as the cove is a marine-protected area home to over 99 species of fish and its surrounding forest a haven for birdwatchers everywhere. To date, the cove has 45 species of birds—38 of which are resident; seven are migratory; and 11 are endemic to the Philippines.
“We wanted to make sure that we are very careful when doing this type of project,” says Herrero. “Most of our initiatives in the cove were a result of our partnership with WWF. They advised us on what’s best for the environment, from solid waste management, coastal resource management, application of renewable sources of energy, and holding workshops for our internal groups.”
However, while city life may not always be a bad thing, leading a busy, fast-paced lifestyle will eventually take its toll on most. Burnout, confusion, loss of inspiration—these are just among the unfortunate results that stem from a full-throttle existence. Luckily for weary city dwellers and habitués looking to escape the chaos, another benefit of living in Manila today is that the perfect weekend getaway is just a three-hour drive away.
Tucked cozily along the rustic shores of Nasugbu, Batangas, Hamilo Coast boasts of vast hectares’ worth of natural beauty spread across verdant forests, lush mountains, breathtaking coves and 25 kilometers of clear coastline. Within this abundant setting lies the ultimate leisure experience—Pico de Loro Cove, SM Land’s recently developed exclusive leisure community.
A sprawling 37.5-hectare property, Pico de Loro Cove is home to the first of SM Land’s many master-planned destination developments. It promotes a unique vacation lifestyle with its exclusive residential enclaves; its man-made salt-water lagoon, bordered by a two-kilometer promenade; and the recently opened Pico de Loro Beach and Country Club, which hold the key to various indoor and outdoor leisure activities both the laidback and adventurous resident and club member can enjoy.
Currently a two-and-a-half to three-hour drive from Manila when you take the scenic Tagaytay-Nasugbu route, SM Land is currently working on shortening travel time to the cove by as much as an hour and a half. Commencing its operations in 2011 is a 90-minute ferry ride from the pier at the Mall of Asia Complex, docking at Papaya Cove, which neighbors Pico de Loro. An alternative land route via the Ternate-Nasugbu tourism highway is also on the works, enabling residents to bypass the narrow Tagaytay ridge and arrive at the cove in an hour and a half tops. With these alternative routes well on their way to completion, the coming year will see Pico de Loro’s leisure lifestyle options more accessible to both residents and club members.
The best of both worlds
What’s great about Pico de Loro is that it’s a real cove, says Herbert M. Herrero, the Project Director for Pico de Loro Residential Condos. “One of the key features of Pico de Loro is its natural environment,” he says. “Being a bowl-shaped cove, it enables city dwellers to not only appreciate the ocean, but the surrounding forest as well. Here you will really feel embraced by nature.”
With the previous year’s onslaught of natural disasters, there has been a growing consciousness among people about the importance of leading sustainable lifestyles. And this is something SM Land abides by when it started developing Pico de Loro. Working in tandem with the World Wildlife Fund (WWF-Philippines), everything in Pico de Loro is designed to enhance and sustain the natural environment, preserving what’s there for generations to come. And rightfully so, as the cove is a marine-protected area home to over 99 species of fish and its surrounding forest a haven for birdwatchers everywhere. To date, the cove has 45 species of birds—38 of which are resident; seven are migratory; and 11 are endemic to the Philippines.
“We wanted to make sure that we are very careful when doing this type of project,” says Herrero. “Most of our initiatives in the cove were a result of our partnership with WWF. They advised us on what’s best for the environment, from solid waste management, coastal resource management, application of renewable sources of energy, and holding workshops for our internal groups.”
Condo leisure living at its finest
Living in any of Pico de Loro’s four condominium clusters—Jacana, Myna, Miranda and Carola—is synonymous to living the ultimate resort lifestyle. With the completed Jacana and Myna clusters are being progressively turned over, unit owners are beginning to experience the perks of seaside condo living in their weekend vacation homes.
“It’s a ‘lock up and go’ lifestyle,” says Herrero. “To make sure we take care of the our condominium common areas, we’ve commissioned a professional property management outfit that takes care of security and the maintenance of the completed buildings. Later on, we will also offer asset management services for unit owners who intend to come in only during weekends. People buy our units as they see it not only as a weekend home, but also as investment. However, we are not discounting the possibility that later on, they will make Pico de Loro their primary home—especially with the ferry terminal starting operations early next year.”
Indeed, who would not want to wake up to a stunning view of the ocean, the lagoon or the mountains? Judging from the rapidly depleting number of unsold units in the recently topped-off Miranda and Carola, it is clear that even with the recent economic downturn, people still want to seize the opportunity to own their own piece of paradise.
Those who long to be part of the Pico de Loro community may choose between owning a one-bedroom, two-bedroom, three-bedroom unit. Inspired by Tropical Contemporary styles, the modern lines and materials of the condominiums blend effortlessly with the surroundings. There are also lofts in the ground and penthouse floors.
Let the good times roll
There are two tickets to get into the exclusive Pico de Loro community—you can either buy a unit or become a member of the Pico de Loro Beach & Country Club, which offers individual and corporate shares at P500,000 and P850,000 respectively. As soon as residents and club members activate their memberships, one helluva weekend awaits.
Centerpiece to the Pico de Loro community, the Pico de Loro Beach & Country Club boasts of world-class facilities that include an impressive pool complex, a bowling and billiards hall, a gym, indoor basketball, tennis, badminton and squash courts, an interactive play area for toddlers, a Wii room, a game and karaoke room, a library, a huge ballroom and a host of function rooms.
“Apart from our indoor leisure amenities, we also offer outdoor activities like snorkeling, scuba diving, trekking, biking, wind-surfing, kayaking and fish-feeding,” shares Reena Ayuyao, Senior Manager for Club Membership. “We also come up with activities for our members. Just this summer, we arranged Pico Camp, a children’s camping activity for our young members where they spent a couple of days exploring the environment, as well as making use of our sports facilities.”
Whether it’s just sunbathing on the Beach Club’s lounge pool, traversing the club’s stunning 6.5-km bike trail, or simply taking in the magnificent view beyond, club members will find it impossible to run out of things to do. Some even opt to stay the night as Pico de Loro recently offered select ground floor loft units at Jacana and Myna for lease while the Pico Sands Hotel—an exclusive 150-room boutique hotel that will accommodate club members and their guests—is under construction.
Live, love and eat
Gustatory pleasures abound. The Pico de Loro Beach & Country Club is also home to the culinary delights crafted by Executive Sous Chef Carlo Santiago, whose prowess in international cuisine is experienced by guests at the Beach Club’s Sun Coral Café and the Country Club’s Lagoa restaurant.
Named after the brightest coral in the ocean, the Sun Coral Café with its vibrant red, yellow and orange interiors is a favorite hangout among guests. Its ala carte menu features family favorites like burgers, pizza and pasta, and homegrown Pinoy classics, while a weekend buffet showcases dishes of different continents. “Members can expect different cuisines during weekends at the club,” shares the young chef.
While there are plans of eventually converting the Sun Coral Café into a specialty restaurant, it features the same Filipino, European and American fare served at the Lagoa restaurant, which overlooks a stellar view of the pool complex, the man-made lagoon, and a peek of the ocean. “It’s a continuous view of the water,” enthuses Ayuyao.
Living in any of Pico de Loro’s four condominium clusters—Jacana, Myna, Miranda and Carola—is synonymous to living the ultimate resort lifestyle. With the completed Jacana and Myna clusters are being progressively turned over, unit owners are beginning to experience the perks of seaside condo living in their weekend vacation homes.
“It’s a ‘lock up and go’ lifestyle,” says Herrero. “To make sure we take care of the our condominium common areas, we’ve commissioned a professional property management outfit that takes care of security and the maintenance of the completed buildings. Later on, we will also offer asset management services for unit owners who intend to come in only during weekends. People buy our units as they see it not only as a weekend home, but also as investment. However, we are not discounting the possibility that later on, they will make Pico de Loro their primary home—especially with the ferry terminal starting operations early next year.”
Indeed, who would not want to wake up to a stunning view of the ocean, the lagoon or the mountains? Judging from the rapidly depleting number of unsold units in the recently topped-off Miranda and Carola, it is clear that even with the recent economic downturn, people still want to seize the opportunity to own their own piece of paradise.
Those who long to be part of the Pico de Loro community may choose between owning a one-bedroom, two-bedroom, three-bedroom unit. Inspired by Tropical Contemporary styles, the modern lines and materials of the condominiums blend effortlessly with the surroundings. There are also lofts in the ground and penthouse floors.
Let the good times roll
There are two tickets to get into the exclusive Pico de Loro community—you can either buy a unit or become a member of the Pico de Loro Beach & Country Club, which offers individual and corporate shares at P500,000 and P850,000 respectively. As soon as residents and club members activate their memberships, one helluva weekend awaits.
Centerpiece to the Pico de Loro community, the Pico de Loro Beach & Country Club boasts of world-class facilities that include an impressive pool complex, a bowling and billiards hall, a gym, indoor basketball, tennis, badminton and squash courts, an interactive play area for toddlers, a Wii room, a game and karaoke room, a library, a huge ballroom and a host of function rooms.
“Apart from our indoor leisure amenities, we also offer outdoor activities like snorkeling, scuba diving, trekking, biking, wind-surfing, kayaking and fish-feeding,” shares Reena Ayuyao, Senior Manager for Club Membership. “We also come up with activities for our members. Just this summer, we arranged Pico Camp, a children’s camping activity for our young members where they spent a couple of days exploring the environment, as well as making use of our sports facilities.”
Whether it’s just sunbathing on the Beach Club’s lounge pool, traversing the club’s stunning 6.5-km bike trail, or simply taking in the magnificent view beyond, club members will find it impossible to run out of things to do. Some even opt to stay the night as Pico de Loro recently offered select ground floor loft units at Jacana and Myna for lease while the Pico Sands Hotel—an exclusive 150-room boutique hotel that will accommodate club members and their guests—is under construction.
Live, love and eat
Gustatory pleasures abound. The Pico de Loro Beach & Country Club is also home to the culinary delights crafted by Executive Sous Chef Carlo Santiago, whose prowess in international cuisine is experienced by guests at the Beach Club’s Sun Coral Café and the Country Club’s Lagoa restaurant.
Named after the brightest coral in the ocean, the Sun Coral Café with its vibrant red, yellow and orange interiors is a favorite hangout among guests. Its ala carte menu features family favorites like burgers, pizza and pasta, and homegrown Pinoy classics, while a weekend buffet showcases dishes of different continents. “Members can expect different cuisines during weekends at the club,” shares the young chef.
While there are plans of eventually converting the Sun Coral Café into a specialty restaurant, it features the same Filipino, European and American fare served at the Lagoa restaurant, which overlooks a stellar view of the pool complex, the man-made lagoon, and a peek of the ocean. “It’s a continuous view of the water,” enthuses Ayuyao.
Another favorite spot among guests after a long day spent partaking of the club’s activities is Brisa Bar, which opens at 4 p.m. Here you will find members lounging on the deck of the Beach club, sipping their favorite cocktails while watching the sunset. It makes for a perfect, relaxing ending to a particularly fun, action-packed day. It is also the perfect place to party the night away, with its breathtaking view of the entire cove.
Indeed, with the luxurious vacation lifestyle awaiting them at the Pico de Loro Cove, residents and club members alike will always find a reason to celebrate. Pico de Loro Cove holds all the key ingredients in that much sought-after recipe for success—invigorating experiences for all the senses, excellent service at its finest, and the knack to make residents and club members forget—the whole length of their stay—all of life’s complexities, giving them that sudden boost of inspiration as they find their bliss in this piece of paradise.
For more information about Hamilo Coast and Pico de Loro Cove, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Balikbayan, October 2010
For details on the Real Estate Service Act or RESA Law > http://www.ra9646.com/
Thursday, October 7, 2010
SMIC to issue $400 Million Bonds
SM Investments Corp. (SMIC), the flagship firm of Philippines' richest man Henry Sy, plans to issue 400 million U.S. dollar-worth of seven-year offshore bonds, the holding firm told the Philippine Stock Exchange on Thursday.
The landmark deal will be a combination of bond swap and new fund-raising deal and is the first to be carried out by a Philippine corporate. The new 2017 bonds also carry the lowest coupon rate ever for a Philippine corporate bond issue of any maturity to date at 5.5 percent per annum.
Of the total new money 2017 Bonds to be issued, 27 percent will be allocated to onshore investors, 64 percent to Asian investors and 9 percent to European investors. The settlement date of the bond exchange and the new money issue is expected to be on Oct. 13, SMIC said.
"This transaction is a liability management exercise for SMIC which lengthens the duration of its existing debt while taking advantage of favorable market conditions," the firm said.
SM Investments Corp. is one of the largest conglomerates in the Philippines. It is engaged in real estate development, banking, retail, mall operations, leisure and tourism business.
source: Manila Bulletin, 07 October 2010
The landmark deal will be a combination of bond swap and new fund-raising deal and is the first to be carried out by a Philippine corporate. The new 2017 bonds also carry the lowest coupon rate ever for a Philippine corporate bond issue of any maturity to date at 5.5 percent per annum.
Of the total new money 2017 Bonds to be issued, 27 percent will be allocated to onshore investors, 64 percent to Asian investors and 9 percent to European investors. The settlement date of the bond exchange and the new money issue is expected to be on Oct. 13, SMIC said.
"This transaction is a liability management exercise for SMIC which lengthens the duration of its existing debt while taking advantage of favorable market conditions," the firm said.
SM Investments Corp. is one of the largest conglomerates in the Philippines. It is engaged in real estate development, banking, retail, mall operations, leisure and tourism business.
source: Manila Bulletin, 07 October 2010
Saturday, October 2, 2010
Chateau Elysée: unveils new custer
Committed to building a closely-knit, exclusive community, Chateau Elysée, SMDC’s residential sanctuary in Parañaque City, recently unveiled its newest cluster on site in Doña Soledad Extension, Bicutan.
The event, appropriately dubbed "Unravel the Seine," offered guests and investors a chance to experience what it’s like to live in Chateau Elysée by providing an exclusive peek at the model units while enjoying an evening of food and wine while being serenaded by a string quartet.
The Seine, Chateau Elysée’s sixth and final cluster, is set to officially open by the 1st half 2011. Gilbert Ang, Chateau Elysée project director said, "The launch of the new cluster is proof of our commitment to offer and even deliver quality residential projects to our target market. We are all for improving the lifestyle within the vicinity of Bicutan and we are so pleased that Seine is just as well-received as the other clusters."
Just 20 minutes away from the Makati Business District, Chateau Elysée boasts of enchanting French Mediterranean design sprawled within its 4.8-hectare development.
Devoting more than half of the property to its valued amenities, including a clubhouse with complete recreational facilities, residents are sure to benefit from the well-thought of living space --- exquisitely-designed from the living room to the kitchen.
Its One, Two and Three-Bedroom Units exude comfort and freedom of space. Its high ceilings and wide windows create an open and airy atmosphere capped by a magnificent view of the gardens and courtyards.
For details on Chateau Elysée, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business Insight Malaya, 02 October 2010
For details on the Real Estate Service Act or RESA Law > http://www.ra9646.com/
The event, appropriately dubbed "Unravel the Seine," offered guests and investors a chance to experience what it’s like to live in Chateau Elysée by providing an exclusive peek at the model units while enjoying an evening of food and wine while being serenaded by a string quartet.
The Seine, Chateau Elysée’s sixth and final cluster, is set to officially open by the 1st half 2011. Gilbert Ang, Chateau Elysée project director said, "The launch of the new cluster is proof of our commitment to offer and even deliver quality residential projects to our target market. We are all for improving the lifestyle within the vicinity of Bicutan and we are so pleased that Seine is just as well-received as the other clusters."
Just 20 minutes away from the Makati Business District, Chateau Elysée boasts of enchanting French Mediterranean design sprawled within its 4.8-hectare development.
Devoting more than half of the property to its valued amenities, including a clubhouse with complete recreational facilities, residents are sure to benefit from the well-thought of living space --- exquisitely-designed from the living room to the kitchen.
Its One, Two and Three-Bedroom Units exude comfort and freedom of space. Its high ceilings and wide windows create an open and airy atmosphere capped by a magnificent view of the gardens and courtyards.
For details on Chateau Elysée, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business Insight Malaya, 02 October 2010
For details on the Real Estate Service Act or RESA Law > http://www.ra9646.com/
Friday, October 1, 2010
SMDC allots P12 billion for Wind Residences condo in Tagaytay
SM Development Corp. (SMDC), the residential development arm of the Sy family’s holding firm SM Investments Corp., is spending around P12 billion to build Wind Residences, a nine-tower, 20-story condominium building in Tagaytay City.
The project, which falls under SMDC‘s SM Residences brands, will make available a total of 7,758 units when completed in 2015. The building will rise on a 15.45-hectare property along Tagaytay City’s main thoroughfare, the Emilio Aguinaldo Highway.
The company will break ground for the first tower tomorrow while another tower is also slated for construction before yearend.
“The groundbreaking for the Wind Residences is a milestone event for SMDC, as it is the company’s first residential project outside Metro Manila
. We couldn’t have chosen a better site, as scenic Tagaytay offers unrivaled natural attractions such as its cool and windy climate, and is a very popular tourist destination that is quite proximate to the metropolis. Unit owners and dwellers of the Wind Residences are expected to greatly enjoy and benefit from what Tagaytay has to offer, in addition to the project’s five-star quality, prime location, and affordable prices, for which all SMDC homes are known, said Henry Sy Jr., vice chairman and chief executive officer of SMDC.”
Among the project’s amenities include a clubhouse, badminton and basketball courts, swimming pools, children’s playground, and a jogging path, among others.
SMDC is hoping to raise around P11.7 billion from a stock rights offering scheduled this month. It is offering 1.83 billion shares to stockholders at the ratio of one rights share for every three common shares held as of Oct. 6. The shares will be sold at P6.38 each, above the earlier price range set by the company of P5.45 to P5.73 per share.
Proceeds from the offering will be used to fund the company’s aggressive landbanking activities and ongoing and future construction projects.
The offering period will run from Oct. 18 to 22 while the listing of the shares will be on Nov. 3.
This is the second rights offering conducted by the company this year, the first of which was in January when it raised nearly P5 billion through the sale of 1.37 billion common shares at P3.50 apiece.
In May, SMDC raised another P10 billion from the issuance of corporate notes, which was more than three times oversubscribed by domestic institutional investors.
SMDC is planning to acquire properties in Cebu and Davao to tap a wider clientele base, particularly overseas Filipino workers (OFWs).
Its affiliate, SM Land, has offered nearly P48 billion to develop a 33.1-hectare lot south of Fort Bonifacio in Taguig City into a mixed-use complex. Under the government’s joint venture rules for such Swiss challenges, SMLI will bag the contract if it can match the highest counter-offer.
As of June this year, SMDC had 13 residential projects in the market including its affordable housing brand, My Place. My Place South Triangle - the pilot project located in South Triangle on Panay Avenue in Quezon City, consists of four condominium towers, offering a total of 3,000 units with sizes ranging from 20 to 40 square meters. Slated for completion in the first half of 2013, the project is estimated to cost around P2 billion.
For details on Wind Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Philippine Start, 01 October 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
The project, which falls under SMDC‘s SM Residences brands, will make available a total of 7,758 units when completed in 2015. The building will rise on a 15.45-hectare property along Tagaytay City’s main thoroughfare, the Emilio Aguinaldo Highway.
The company will break ground for the first tower tomorrow while another tower is also slated for construction before yearend.
“The groundbreaking for the Wind Residences is a milestone event for SMDC, as it is the company’s first residential project outside Metro Manila
. We couldn’t have chosen a better site, as scenic Tagaytay offers unrivaled natural attractions such as its cool and windy climate, and is a very popular tourist destination that is quite proximate to the metropolis. Unit owners and dwellers of the Wind Residences are expected to greatly enjoy and benefit from what Tagaytay has to offer, in addition to the project’s five-star quality, prime location, and affordable prices, for which all SMDC homes are known, said Henry Sy Jr., vice chairman and chief executive officer of SMDC.”
Among the project’s amenities include a clubhouse, badminton and basketball courts, swimming pools, children’s playground, and a jogging path, among others.
SMDC is hoping to raise around P11.7 billion from a stock rights offering scheduled this month. It is offering 1.83 billion shares to stockholders at the ratio of one rights share for every three common shares held as of Oct. 6. The shares will be sold at P6.38 each, above the earlier price range set by the company of P5.45 to P5.73 per share.
Proceeds from the offering will be used to fund the company’s aggressive landbanking activities and ongoing and future construction projects.
The offering period will run from Oct. 18 to 22 while the listing of the shares will be on Nov. 3.
This is the second rights offering conducted by the company this year, the first of which was in January when it raised nearly P5 billion through the sale of 1.37 billion common shares at P3.50 apiece.
In May, SMDC raised another P10 billion from the issuance of corporate notes, which was more than three times oversubscribed by domestic institutional investors.
SMDC is planning to acquire properties in Cebu and Davao to tap a wider clientele base, particularly overseas Filipino workers (OFWs).
Its affiliate, SM Land, has offered nearly P48 billion to develop a 33.1-hectare lot south of Fort Bonifacio in Taguig City into a mixed-use complex. Under the government’s joint venture rules for such Swiss challenges, SMLI will bag the contract if it can match the highest counter-offer.
As of June this year, SMDC had 13 residential projects in the market including its affordable housing brand, My Place. My Place South Triangle - the pilot project located in South Triangle on Panay Avenue in Quezon City, consists of four condominium towers, offering a total of 3,000 units with sizes ranging from 20 to 40 square meters. Slated for completion in the first half of 2013, the project is estimated to cost around P2 billion.
For details on Wind Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Philippine Start, 01 October 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Wednesday, September 29, 2010
SM to start new property venture in Cebu
CEBU CITY—The SM group will soon embark on a multibillion-peso project, including a shopping mall touted to be the biggest in Visayas and Mindanao, on a 30-hectare lot in South Road Properties (SRP) that it bought from the city government early this year.
Hans Sy, president of SM Prime Holdings and first executive vice president of SM Investments Corp., said on Monday that a master plan for the project had already been completed and would be unveiled in November.
Sy was interviewed by journalists at the sidelines of the soft opening of the group’s Radisson Blu Hotel Cebu, a five-star hotel catering to the upscale market.
The company might break ground earlier because it has to work on the horizontal development of the SRP project, such as the road network, he said.
Implemented in phases, the project would also include a convention center, a hotel and a residential condominium. A church will be built in the area first before the mall, Sy said.
Sy disclosed that the mall design would be different from Mall of Asia in Pasay City. He had earlier said that the SRP mall, with a gross floor area of 250,000 square meters, was expected to be completed in 2012.
The company will also build a shopping mall in Consolacion town, 12 kilometers north of here.
Sy said his group would be looking at how the convention facilities of Radisson Blu Hotel Cebu would fare before they decide to go ahead with similar facilities at the lot adjacent to the hotel and at the SRP.
Radisson general manager Grant Gaskin, in a separate interview on Monday, said the hotel would be tapping markets here and abroad in a bid to make Cebu the destination for conventions.
SM Prime bought the SRP lot for over P2 billion. After a down payment of P677.4 million, it would shell out quarterly payments over six years at five percent annual interest.
Source: Philippine Daily Inquirer, 28 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Hans Sy, president of SM Prime Holdings and first executive vice president of SM Investments Corp., said on Monday that a master plan for the project had already been completed and would be unveiled in November.
Sy was interviewed by journalists at the sidelines of the soft opening of the group’s Radisson Blu Hotel Cebu, a five-star hotel catering to the upscale market.
The company might break ground earlier because it has to work on the horizontal development of the SRP project, such as the road network, he said.
Implemented in phases, the project would also include a convention center, a hotel and a residential condominium. A church will be built in the area first before the mall, Sy said.
Sy disclosed that the mall design would be different from Mall of Asia in Pasay City. He had earlier said that the SRP mall, with a gross floor area of 250,000 square meters, was expected to be completed in 2012.
The company will also build a shopping mall in Consolacion town, 12 kilometers north of here.
Sy said his group would be looking at how the convention facilities of Radisson Blu Hotel Cebu would fare before they decide to go ahead with similar facilities at the lot adjacent to the hotel and at the SRP.
Radisson general manager Grant Gaskin, in a separate interview on Monday, said the hotel would be tapping markets here and abroad in a bid to make Cebu the destination for conventions.
SM Prime bought the SRP lot for over P2 billion. After a down payment of P677.4 million, it would shell out quarterly payments over six years at five percent annual interest.
Source: Philippine Daily Inquirer, 28 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Tuesday, September 28, 2010
SM Prime sets P20-B devt for Cebu property
SM Prime Holdings will unveil in November its P20-billion development masterplan for its 20-hectare sector within the South Road Properties (SRP) in Cebu City.
Company president Hans Sy said the company is currently working on details of the mixed-use development which will be centered around an SM mall which should be one of the group’s biggest. The project will immediately break ground for the first buildings, including the mall.
The mall operator’s plans come at the heels of the P25-billion development unveiled by Filinvest Land Inc. near the area. Filinvest recently broke ground for its 42-hectare Citta de Mare residential and commercial development, just beside the SM property.
“We are very excited to show to the public our plans and how big the whole thing is,” Sy said.
The SM Hotels and Conventions Corp. recently opened Radisson Blu Hotel Cebu, the first entry of the US-based Carlson hotels group in the country and the first higher upper-scale Blu branded hotel of the chain in the Asia-Pacific region.
Sy said there are plans for another upscale hotel within the SRP but he would not commit that it will still be with Carlson.
SM purchased the 30-hectare section of the 240-hectare SRP at P3.027 billion.
Sy said construction work of the 250,000-square meter mall should start first followed by several medium-rise buildings. He earlier said they are planning to build a high-rise condominium and at least two hotel towers.
Completed in 2001, the SRP has been built through a loan obtained by the city government with the Japan Bank of International Cooperation. The loan amortizations run up to 2020.
Source: Business Mirror, 29 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Company president Hans Sy said the company is currently working on details of the mixed-use development which will be centered around an SM mall which should be one of the group’s biggest. The project will immediately break ground for the first buildings, including the mall.
The mall operator’s plans come at the heels of the P25-billion development unveiled by Filinvest Land Inc. near the area. Filinvest recently broke ground for its 42-hectare Citta de Mare residential and commercial development, just beside the SM property.
“We are very excited to show to the public our plans and how big the whole thing is,” Sy said.
The SM Hotels and Conventions Corp. recently opened Radisson Blu Hotel Cebu, the first entry of the US-based Carlson hotels group in the country and the first higher upper-scale Blu branded hotel of the chain in the Asia-Pacific region.
Sy said there are plans for another upscale hotel within the SRP but he would not commit that it will still be with Carlson.
SM purchased the 30-hectare section of the 240-hectare SRP at P3.027 billion.
Sy said construction work of the 250,000-square meter mall should start first followed by several medium-rise buildings. He earlier said they are planning to build a high-rise condominium and at least two hotel towers.
Completed in 2001, the SRP has been built through a loan obtained by the city government with the Japan Bank of International Cooperation. The loan amortizations run up to 2020.
Source: Business Mirror, 29 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Saturday, September 25, 2010
SM Residences: Luxe living for the fashion-forward
Living the good life means having a home that showcases all the comforts and luxury at an affordable price. For chic individuals, a stylishly designed home is, of course, a must. This and other conveniences can be enjoyed at Sun, Sea, Light and Wind Residences. These five-star residential projects of SM Residences offer quality living inspired by bold architecture, stunning cityscapes and the allure of the tropics.
“Young urbanites may be living in the fast lane but that doesn’t mean they’ve already abandoned their personal style, as seen in the way they dress up and decorate their condos,” says SM Development Corp. AVP for marketing Bernadette Ramos. “We’re pleased that our talented designers captured the fashion and taste of the urban lifestyle, something we at SM Residences also appreciate and work hard to respond to.”
Designers Odelon Simpao, Lizanne Cua, Ronaldo Arnaldo and Jeffrey Rogador took inspiration from the same urbanite lifestyle evoked by SM Residences’ residential units. Styled by John Lozano and photographed by Dix Perez, the images of condo living featured models Gisselle Paqueo, Michelle Panemanglor and Marc Nash of Cal-Carries International, with Al de Leon as makeup artist and Paulo Lopez as hairstylist.
Experience the best of living and luxury at Sun Residences, which allows residents to bask in the vibrant warmth of living right in the heart of the metropolis. Located along España Boulevard near Welcome Rotunda, it is near the University of Santo Tomas and other educational and commercial establishments. Inspired by bold, minimalist architecture, two 43-storey towers offer a studio, one- or two-bedroom units to ensure comfortable and convenient living for residents.
For those who desire tropical living right in the city center, Sea Residences is a must. Located inside the Mall of Asia Complex, it lets residents achieve work-life balance with utmost ease. Within the community lies a tropical alcove flanked by greeneries, swimming pools, playgrounds, a clubhouse and more. The six towers feature well-appointed condo units set against a backdrop of the sea with generous greeneries, which also gives residents a stunning view of the famed Manila Bay sunset and the stunning Makati skyline.
If you’re up for a sparkling, exciting and fun lifestyle then you may opt for Light Residences. These three, 40-storey towers located on EDSA corner Madison Street in Mandaluyong offer breathtaking views at night. It offers studio units, three types of one-bedroom units and two-bedroom units, ensuring that whatever your living requirements may be, Light Residences has got it all covered.
Finally, experience a new level of Tagaytay living at Wind Residences. Located in the cool surroundings of Tagaytay City, Wind Residences is a 15-hectare premier destination, thanks to its fresh mountain breeze and panoramic view of Taal, Tagaytay, Cavite, Metro Manila and Batangas. It offers 10 20-storey towers that are safe, secure and peaceful, offering residents resort-like condominium living, thanks to its facilities that include a garden, clubhouse, jogging paths, swimming pools, badminton and basketball courts, among others.
Other SM Residences projects include the 35-storey Berkeley Residences along Katipunan Avenue, right across Miriam College and Ateneo de Manila University; the French Mediterranean-inspired Chateau Elysée near SM City Bicutan; Lindenwood Residences in Susana Heights; Mezza Residences near SM City Sta. Mesa; Sea Residences at the Mall of Asia Complex; Grass Residences near SM City North EDSA; and Wind Residences in Tagaytay.
Enjoy stylish, five-star quality living only with SM Residences.
For details on SM Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Philippine Star, 21 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
“Young urbanites may be living in the fast lane but that doesn’t mean they’ve already abandoned their personal style, as seen in the way they dress up and decorate their condos,” says SM Development Corp. AVP for marketing Bernadette Ramos. “We’re pleased that our talented designers captured the fashion and taste of the urban lifestyle, something we at SM Residences also appreciate and work hard to respond to.”
Designers Odelon Simpao, Lizanne Cua, Ronaldo Arnaldo and Jeffrey Rogador took inspiration from the same urbanite lifestyle evoked by SM Residences’ residential units. Styled by John Lozano and photographed by Dix Perez, the images of condo living featured models Gisselle Paqueo, Michelle Panemanglor and Marc Nash of Cal-Carries International, with Al de Leon as makeup artist and Paulo Lopez as hairstylist.
Experience the best of living and luxury at Sun Residences, which allows residents to bask in the vibrant warmth of living right in the heart of the metropolis. Located along España Boulevard near Welcome Rotunda, it is near the University of Santo Tomas and other educational and commercial establishments. Inspired by bold, minimalist architecture, two 43-storey towers offer a studio, one- or two-bedroom units to ensure comfortable and convenient living for residents.
For those who desire tropical living right in the city center, Sea Residences is a must. Located inside the Mall of Asia Complex, it lets residents achieve work-life balance with utmost ease. Within the community lies a tropical alcove flanked by greeneries, swimming pools, playgrounds, a clubhouse and more. The six towers feature well-appointed condo units set against a backdrop of the sea with generous greeneries, which also gives residents a stunning view of the famed Manila Bay sunset and the stunning Makati skyline.
If you’re up for a sparkling, exciting and fun lifestyle then you may opt for Light Residences. These three, 40-storey towers located on EDSA corner Madison Street in Mandaluyong offer breathtaking views at night. It offers studio units, three types of one-bedroom units and two-bedroom units, ensuring that whatever your living requirements may be, Light Residences has got it all covered.
Finally, experience a new level of Tagaytay living at Wind Residences. Located in the cool surroundings of Tagaytay City, Wind Residences is a 15-hectare premier destination, thanks to its fresh mountain breeze and panoramic view of Taal, Tagaytay, Cavite, Metro Manila and Batangas. It offers 10 20-storey towers that are safe, secure and peaceful, offering residents resort-like condominium living, thanks to its facilities that include a garden, clubhouse, jogging paths, swimming pools, badminton and basketball courts, among others.
Other SM Residences projects include the 35-storey Berkeley Residences along Katipunan Avenue, right across Miriam College and Ateneo de Manila University; the French Mediterranean-inspired Chateau Elysée near SM City Bicutan; Lindenwood Residences in Susana Heights; Mezza Residences near SM City Sta. Mesa; Sea Residences at the Mall of Asia Complex; Grass Residences near SM City North EDSA; and Wind Residences in Tagaytay.
Enjoy stylish, five-star quality living only with SM Residences.
For details on SM Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Philippine Star, 21 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Thursday, September 23, 2010
SMIC revives key Visayas hotel bid
SM Investments Corp unit SM Hotels and Conventions Corp., will launch its premier project in the Visayas, the 400-room Radisson Blu Hotel Cebu.
Radisson Blu Hotel Cebu, the first Radisson Blu hotel in Asia Pacific, is scheduled to open on Sept. 27 and is managed by Carlson, a privately held, global hospitality and travel company.
SM Hotels and Conventions president Elizabeth Sy said the inaugural launch of Radisson Blu Hotel Cebu is a fulfilment of the dream long held by SM chairman, Henry Sy, Sr., to open the premier hotel in Cebu.
She said the hotel’s completion was put on hold during the nineties due to the prevailing business climate then. However, in light of the optimism about the prospects of Philippine tourism and the resurgence of the economy, the company pushed through.
Sy said that the company’s envisions itself to be a leader in the Philippines tourism and real estate sectors, and this hotel opening further strengthens their standing in the industry. “We are confident that the Radisson Blu Hotel Cebu will be the tourist destination of choice and the leading events venue in Cebu City and nearby regions,” she said.
She added that Radisson Blu is an established, iconic brand in Europe, the Middle East and Africa, recognised for delivering market leading guest satisfaction and achieving superior Revenue Per Available Room (RevPAR) penetration. “We are pleased to be able to leverage on Carlson’s hotel management and branding expertise to set similar benchmarks for the hospitality industry in the Philippines,” she said.
Carlson Hotels, Asia Pacific managing director Jean-Marc Busato said Radisson hotels have a vibrant, contemporary and engaging brand essence characterized by the Yes I Can! service philosophy. “Radisson Blu features flagship properties in prime locations, such as the Radisson Blu Hotel Cebu located in Cebu’s premier information technology hub,” he added.
Source: Daily Tribune, 23 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Radisson Blu Hotel Cebu, the first Radisson Blu hotel in Asia Pacific, is scheduled to open on Sept. 27 and is managed by Carlson, a privately held, global hospitality and travel company.
SM Hotels and Conventions president Elizabeth Sy said the inaugural launch of Radisson Blu Hotel Cebu is a fulfilment of the dream long held by SM chairman, Henry Sy, Sr., to open the premier hotel in Cebu.
She said the hotel’s completion was put on hold during the nineties due to the prevailing business climate then. However, in light of the optimism about the prospects of Philippine tourism and the resurgence of the economy, the company pushed through.
Sy said that the company’s envisions itself to be a leader in the Philippines tourism and real estate sectors, and this hotel opening further strengthens their standing in the industry. “We are confident that the Radisson Blu Hotel Cebu will be the tourist destination of choice and the leading events venue in Cebu City and nearby regions,” she said.
She added that Radisson Blu is an established, iconic brand in Europe, the Middle East and Africa, recognised for delivering market leading guest satisfaction and achieving superior Revenue Per Available Room (RevPAR) penetration. “We are pleased to be able to leverage on Carlson’s hotel management and branding expertise to set similar benchmarks for the hospitality industry in the Philippines,” she said.
Carlson Hotels, Asia Pacific managing director Jean-Marc Busato said Radisson hotels have a vibrant, contemporary and engaging brand essence characterized by the Yes I Can! service philosophy. “Radisson Blu features flagship properties in prime locations, such as the Radisson Blu Hotel Cebu located in Cebu’s premier information technology hub,” he added.
Source: Daily Tribune, 23 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
SM Investments offers $500-m bonds
Conglomerate SM Investments Corp. said Wednesday its board approved a plan to issue as much as $500 million in seven-year dollar-denominated bonds in an exchange and new cash offering.
SM Investments said in a disclosure to the Philippine Stock Exchange that it launched an invitation to all holders of existing bonds due 2013 and 2014 to swap their existing bonds for up to a maximum principal amount of $500 million in fixed rate bonds due 2017.
“The main purpose of the transaction is to extend the maturity of some of the company’s debt maturing 2013 and 2014 to 2017 and also to take advantage of favorable market conditions,” SM Investments chief finance officer Jose Sio told the stock exchange.
In this proposed transaction, SM Investments, controlled by the family of retail tycoon Henry Sy, will invite holders of the company’s outstanding $350-million bonds due 2013 with a rate of 6.75 percent and and $500 million at 6 percent due 2014 to exchange their bonds.
The exchange offer will begin today and expire on Oct. 5, 2010. The expected settlement date is on Oct. 13, 2010.
“Depending on prevailing market conditions, SM Investments may also to tap the market for new funds by issuing new bonds to new prospective investors, which may be used for general corporate purposes,” Sio said.
The determination of the timing of the transaction, pricing and other features of the new bonds will be finalized by the company together with Citigroup Global Markets Ltd. and The Hongkong and Shanghai Banking Corp. Limited as joint dealer managers and joint lead managers and BDO Capital and Investments Corp. as joint dealer manager and co-manager of the transaction.
SM Investments, through its various operating units, has interests in banking, retail, real estate development and hotels.
Net profit in the first half grew 15 percent to P8.5 billion from P7.4 billion year-on-year while consolidated revenues increased 15 percent to P85 billion from P74 billion in 2009.
Source: Manila Standard, 23 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
SM Investments said in a disclosure to the Philippine Stock Exchange that it launched an invitation to all holders of existing bonds due 2013 and 2014 to swap their existing bonds for up to a maximum principal amount of $500 million in fixed rate bonds due 2017.
“The main purpose of the transaction is to extend the maturity of some of the company’s debt maturing 2013 and 2014 to 2017 and also to take advantage of favorable market conditions,” SM Investments chief finance officer Jose Sio told the stock exchange.
In this proposed transaction, SM Investments, controlled by the family of retail tycoon Henry Sy, will invite holders of the company’s outstanding $350-million bonds due 2013 with a rate of 6.75 percent and and $500 million at 6 percent due 2014 to exchange their bonds.
The exchange offer will begin today and expire on Oct. 5, 2010. The expected settlement date is on Oct. 13, 2010.
“Depending on prevailing market conditions, SM Investments may also to tap the market for new funds by issuing new bonds to new prospective investors, which may be used for general corporate purposes,” Sio said.
The determination of the timing of the transaction, pricing and other features of the new bonds will be finalized by the company together with Citigroup Global Markets Ltd. and The Hongkong and Shanghai Banking Corp. Limited as joint dealer managers and joint lead managers and BDO Capital and Investments Corp. as joint dealer manager and co-manager of the transaction.
SM Investments, through its various operating units, has interests in banking, retail, real estate development and hotels.
Net profit in the first half grew 15 percent to P8.5 billion from P7.4 billion year-on-year while consolidated revenues increased 15 percent to P85 billion from P74 billion in 2009.
Source: Manila Standard, 23 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Monday, September 20, 2010
Pico de Loro Condos Designed for Leisure Luxury
The striking scenery or the splendid layout of the development, or both – for Architect Maila Mitra, these were the inspirations behind several distinctive condominium units she has designed at Pico de Loro Cove, the leisure residential development of SM Land in Nasugbu, Batangas.
Hamilo Coast is a network of live-work-play communities envisioned to range in setting from popular waterfront locales to secluded ultra-exclusive coves. Its first development, Pico de Loro Cove, offers a convenient brand of leisure living with its condo vacation homes and exclusive club lifestyle. With the progressive turnover of initial clusters Jacana and Myna last summer, the community is now thriving.
Initially tapped by a friend whose parents own a unit at Pico de Loro Cove, Arch. Mitra has worked on nine condo units at both Jacana and Myna clusters. Referrals established her reputation in working with condo vacation home units within Pico de Loro with ease and fast turnaround — and at reasonable cost.
With her hands full of projects, she is more than happy with the pleasant "problem." Each of her creations is a manifestation of her design expertise. After all, working in an environment which she describes as "nature at its best," it is easy to get inspired and find fulfillment in turning her client’s condo home into a haven for resort living.
Arch. Mitra does not find it difficult to create inspired leisure living spaces in this community as the location itself is amazing.
"I initially did not expect to find paradise in Hamilo," she admitted. "But the view of nature is spectacular and the idea of having nine condo buildings surrounding a man-made lake is innovative. Units have excellent space planning. Each space converges into one communal area to support how we Filipinos are culturally."
She found the space planning and finishes of the units conducive for creative flair. "While the basic amenities are provided such as bathroom fixtures, kitchen counter and fittings, there is still enough leeway to be creative in decorating each unit according to what residents require."
What she knows for sure is that the residents in that leisure community are an eclectic mix of individuals and families who have their strong personal sense of what a vacation condo home means.
One of her first projects was a one-bedroom 45 sqm unit which she turned into a modern vacation home that exudes sophistication and luxury. Because of the efficiently-sized unit, there were no major renovations implemented.
For accent, they dropped the ceiling and installed wallpaper as well as laminated wood to achieve their desired clean and uncluttered look. Using only two base colors – white and light mocha – the motif surrounds the residents with a relaxing atmosphere.
For details on Pico de Loro Cove, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 20 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Hamilo Coast is a network of live-work-play communities envisioned to range in setting from popular waterfront locales to secluded ultra-exclusive coves. Its first development, Pico de Loro Cove, offers a convenient brand of leisure living with its condo vacation homes and exclusive club lifestyle. With the progressive turnover of initial clusters Jacana and Myna last summer, the community is now thriving.
Initially tapped by a friend whose parents own a unit at Pico de Loro Cove, Arch. Mitra has worked on nine condo units at both Jacana and Myna clusters. Referrals established her reputation in working with condo vacation home units within Pico de Loro with ease and fast turnaround — and at reasonable cost.
With her hands full of projects, she is more than happy with the pleasant "problem." Each of her creations is a manifestation of her design expertise. After all, working in an environment which she describes as "nature at its best," it is easy to get inspired and find fulfillment in turning her client’s condo home into a haven for resort living.
Arch. Mitra does not find it difficult to create inspired leisure living spaces in this community as the location itself is amazing.
"I initially did not expect to find paradise in Hamilo," she admitted. "But the view of nature is spectacular and the idea of having nine condo buildings surrounding a man-made lake is innovative. Units have excellent space planning. Each space converges into one communal area to support how we Filipinos are culturally."
She found the space planning and finishes of the units conducive for creative flair. "While the basic amenities are provided such as bathroom fixtures, kitchen counter and fittings, there is still enough leeway to be creative in decorating each unit according to what residents require."
What she knows for sure is that the residents in that leisure community are an eclectic mix of individuals and families who have their strong personal sense of what a vacation condo home means.
One of her first projects was a one-bedroom 45 sqm unit which she turned into a modern vacation home that exudes sophistication and luxury. Because of the efficiently-sized unit, there were no major renovations implemented.
For accent, they dropped the ceiling and installed wallpaper as well as laminated wood to achieve their desired clean and uncluttered look. Using only two base colors – white and light mocha – the motif surrounds the residents with a relaxing atmosphere.
For details on Pico de Loro Cove, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 20 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Tree time at Hamilo Coast
Hamilo Coast, SM Land’s premier residential leisure development in Nasugbu, Batangas, recently hosted an environmental initiative dubbed “Tree Time: Helping Keep Our Earth Green.”
The activity brought together affiliates within the SM group of companies in a tree-planting effort to help preserve the rich, natural environment of Hamilo Coast, which spans hectares of lush mountains, 25 kilometers of coastline, and 13 unique coves.
The event was an initiative of SM Land, SM Supermarket, and SM Foundation. Along with SM executives and employees, farmer representatives from the Nasugbu communities, members of the KMK local community cooperative, local government officials, and other volunteers from Hamilo Coast’s Pico de Loro Beach & Country Club participated in the worthwhile endeavor.
SM Supermarket donated more than 1,000 seedlings, which were procured with the proceeds from its My Own Bag (MOB) reusable eco-bag campaign. The MOB encourages shoppers to use their reusable eco-bags every Wednesday at SM Supermarket, Hypermarket and Save More branches for them to earn additional rewards points on their SM Advantage cards. Shoppers are required to pay P1 per plastic bag if they do not use eco-bags on these days.
The earnings generated from plastic bags went to the procurement of the seedlings. They were then donated to SM Foundation for mobilization particularly in the communities that it serves such as the families within the communities of Nasugbu, Batangas where Hamilo Coast is located. Previously, more than 10,000 seedlings have already been planted in Nasugbu communities by SM Foundation.
Made possible with support from WWF-Philippines and Pepsi, the event also featured WWF giving a short and highly informative talk on environmental facts and trivia, while providing valuable guidance on the proper methods of tree planting.
“It is an honor for Hamilo Coast to welcome our SM affiliates, as well as volunteers and community stakeholders, in this simple but meaningful event,” said Tristan dela Rosa, SM Land senior vice president for sales and marketing. “Hamilo Coast is a fitting venue to host this endeavor. As SM Land’s maiden leisure development that leverages on the grandness of the location’s natural environment, it showcases as well SM’s commitment to preserve such natural wealth.”
SM Land has worked closely with WWF-Philippines since the inception of the project to ensure genuinely sustainable development and proactive measures specifically in the areas of coastal resource management, solid waste management, and the eventual use of renewable sources of energy as much as possible.
“We hope to engage more and more of our consumers to participate in these kinds of ‘green’ efforts,” added Gloria Cudala, vice president for operations of SM Supermarket.
With the MOB campaign, SM shoppers indirectly but significantly contribute to SM’s environmental initiatives and SM Foundation’s projects.
For details on Hamilo Coast, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Philippine Star, 18 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
The activity brought together affiliates within the SM group of companies in a tree-planting effort to help preserve the rich, natural environment of Hamilo Coast, which spans hectares of lush mountains, 25 kilometers of coastline, and 13 unique coves.
The event was an initiative of SM Land, SM Supermarket, and SM Foundation. Along with SM executives and employees, farmer representatives from the Nasugbu communities, members of the KMK local community cooperative, local government officials, and other volunteers from Hamilo Coast’s Pico de Loro Beach & Country Club participated in the worthwhile endeavor.
SM Supermarket donated more than 1,000 seedlings, which were procured with the proceeds from its My Own Bag (MOB) reusable eco-bag campaign. The MOB encourages shoppers to use their reusable eco-bags every Wednesday at SM Supermarket, Hypermarket and Save More branches for them to earn additional rewards points on their SM Advantage cards. Shoppers are required to pay P1 per plastic bag if they do not use eco-bags on these days.
The earnings generated from plastic bags went to the procurement of the seedlings. They were then donated to SM Foundation for mobilization particularly in the communities that it serves such as the families within the communities of Nasugbu, Batangas where Hamilo Coast is located. Previously, more than 10,000 seedlings have already been planted in Nasugbu communities by SM Foundation.
Made possible with support from WWF-Philippines and Pepsi, the event also featured WWF giving a short and highly informative talk on environmental facts and trivia, while providing valuable guidance on the proper methods of tree planting.
“It is an honor for Hamilo Coast to welcome our SM affiliates, as well as volunteers and community stakeholders, in this simple but meaningful event,” said Tristan dela Rosa, SM Land senior vice president for sales and marketing. “Hamilo Coast is a fitting venue to host this endeavor. As SM Land’s maiden leisure development that leverages on the grandness of the location’s natural environment, it showcases as well SM’s commitment to preserve such natural wealth.”
SM Land has worked closely with WWF-Philippines since the inception of the project to ensure genuinely sustainable development and proactive measures specifically in the areas of coastal resource management, solid waste management, and the eventual use of renewable sources of energy as much as possible.
“We hope to engage more and more of our consumers to participate in these kinds of ‘green’ efforts,” added Gloria Cudala, vice president for operations of SM Supermarket.
With the MOB campaign, SM shoppers indirectly but significantly contribute to SM’s environmental initiatives and SM Foundation’s projects.
For details on Hamilo Coast, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Philippine Star, 18 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Get into the urban groove at SM Jazz
The fast, energetic pace of urban living is for active and driven individuals who aspire to attain their goals quickly. With diverse alternatives for employment, leisure and fun, the city is one place where much can be done. But stuck in a traffic gridlock, bored out of one’s wits and late for another appointment, one can only wonder what could have been achieved during the time wasted while mired in a traffic jam.
One of the best things going for SM Development Corporation’s (SMDC) new Makati City condominium development is its excellent location. The project, called Jazz Residences Makati, is on a 2.5-hectare property at the corner of Nicanor Garcia (formerly Reposo) and Jupiter streets in the Bel-Air side, making it an easy stroll to the business district. To make access even easier for its residents, SMDC will construct a bridgeway that will connect the area to Salcedo village.
“The residential complex will consist of four 41-storey buildings,” said Grace Sta. Ana, SMDC vice president and project director. “Four towers will stand on a five-storey podium that will house its own business center, with the entire second floor designated for corporate use. There will be restaurants, banks, and commercial stores including an SM Hypermarket that will be very convenient for residents.”
Sta. Ana explains that the development is named “Jazz Residences,” in part, because it offers an upbeat and lively lifestyle close to music hubs in the area that play excellent music and feature top performers. “This is a place that will bring residents closer to entertainment centers, art galleries, delectable dining places; ‘all that jazz.’”
The project is designed by architect Albert Yu of Asya Design, and expected completion for Tower D is second quarter of 2013. Tower C will be completed in the first quarter of 2014, while Tower A will be completed in the third quarter of 2014. Target date for completion of Tower B, considered prime because it will offer the best views, is the first quarter of 2015.
The dynamic team behind SM Development Corporation’s Jazz Residences enjoy the showroom launch, led by Eden Cabrera (right), SMDC Jazz Residences marketing supervisor. The SMDC Jazz Residences project is also the biggest resort-type development in Makati, with 65 percent designated as open space and an entire level devoted to amenities. These include recreational areas, function rooms and Wi-fi access in all lobby lounges. Outdoor enthusiasts will enjoy the landscaped gardens and water features and jogging paths, while swimmers will be glad to note that five swimming pools are part of the plan. Likewise, a playground for children has been designated.
“A major draw of Jazz Residences is that more people will get a chance to live an affordable yet upscale lifestyle in their very own piece of Makati,” continues Sta. Ana. Residents can choose from mixed-use studio units with floor areas from16 to 20 square meters; one-bedroom units (23 to 27 sq.m.) and two-bedroom units (36 to 40 sq.m.) units. To make moving-in even more hassle-free, buyers can opt to get fully furnished hotel-like units.
But most attractive is the pricing scheme of Jazz Residences. Primarily because SMDC is known as a fast-growing residential property developer focusing on the premium middle market, affordability is key. For this development, five-star homes start at P1.5 million with a monthly amortization of as low as P9,000. A tie-up with Banco de Oro for financing makes it even easier to own a unit.
And, certainly, this seems like an attainable and realistic first investment for young, earning singles or new couples who are just staring out. The monthly amortization, in fact, might just about equal the amount spent on petrol and vehicle maintenance. A healthy, energetic walk to work from one’s own Jazz Residences home will beat wasting fuel and time in traffic gridlock any day.
For details on Jazz Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Philippine Star, 18 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
One of the best things going for SM Development Corporation’s (SMDC) new Makati City condominium development is its excellent location. The project, called Jazz Residences Makati, is on a 2.5-hectare property at the corner of Nicanor Garcia (formerly Reposo) and Jupiter streets in the Bel-Air side, making it an easy stroll to the business district. To make access even easier for its residents, SMDC will construct a bridgeway that will connect the area to Salcedo village.
“The residential complex will consist of four 41-storey buildings,” said Grace Sta. Ana, SMDC vice president and project director. “Four towers will stand on a five-storey podium that will house its own business center, with the entire second floor designated for corporate use. There will be restaurants, banks, and commercial stores including an SM Hypermarket that will be very convenient for residents.”
Sta. Ana explains that the development is named “Jazz Residences,” in part, because it offers an upbeat and lively lifestyle close to music hubs in the area that play excellent music and feature top performers. “This is a place that will bring residents closer to entertainment centers, art galleries, delectable dining places; ‘all that jazz.’”
The project is designed by architect Albert Yu of Asya Design, and expected completion for Tower D is second quarter of 2013. Tower C will be completed in the first quarter of 2014, while Tower A will be completed in the third quarter of 2014. Target date for completion of Tower B, considered prime because it will offer the best views, is the first quarter of 2015.
The dynamic team behind SM Development Corporation’s Jazz Residences enjoy the showroom launch, led by Eden Cabrera (right), SMDC Jazz Residences marketing supervisor. The SMDC Jazz Residences project is also the biggest resort-type development in Makati, with 65 percent designated as open space and an entire level devoted to amenities. These include recreational areas, function rooms and Wi-fi access in all lobby lounges. Outdoor enthusiasts will enjoy the landscaped gardens and water features and jogging paths, while swimmers will be glad to note that five swimming pools are part of the plan. Likewise, a playground for children has been designated.
“A major draw of Jazz Residences is that more people will get a chance to live an affordable yet upscale lifestyle in their very own piece of Makati,” continues Sta. Ana. Residents can choose from mixed-use studio units with floor areas from16 to 20 square meters; one-bedroom units (23 to 27 sq.m.) and two-bedroom units (36 to 40 sq.m.) units. To make moving-in even more hassle-free, buyers can opt to get fully furnished hotel-like units.
But most attractive is the pricing scheme of Jazz Residences. Primarily because SMDC is known as a fast-growing residential property developer focusing on the premium middle market, affordability is key. For this development, five-star homes start at P1.5 million with a monthly amortization of as low as P9,000. A tie-up with Banco de Oro for financing makes it even easier to own a unit.
And, certainly, this seems like an attainable and realistic first investment for young, earning singles or new couples who are just staring out. The monthly amortization, in fact, might just about equal the amount spent on petrol and vehicle maintenance. A healthy, energetic walk to work from one’s own Jazz Residences home will beat wasting fuel and time in traffic gridlock any day.
For details on Jazz Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Philippine Star, 18 September 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Saturday, September 11, 2010
Demand for housing to remain robust
Demand for residential properties is likely to stay as long as interest rates remain in the low single digits, a real estate consultancy firm said. Jones Lang LaSalle Leechiu (JLLL) said the supply of residential units is “just right” for the current level of housing demand as the low interest rates make condominiums more accessible to buyers.
“If interest rates go up, it will depend on how much. If it increases too much, it will be difficult to have good installment packages,” Nando Camus, JLLL chairman, told The Manila Times.
The Bangko Sentral ng Pilipinas said it is likely to keep key interest rates at their lowest level for the rest of the year, barring any price shock or any event that would raise inflation expectations.
Most local banks forecast that the central bank will start tweaking its key rates next year as the economy starts to pick up.
Camus said the demand for residential developments is being driven by theyoung professionals or the “yuppies”, who want to live near their place of work instead of going home to the cities’ outskirts or suburbs.
Property developers have launched specific projects targeting the urban professionals. SM Development Corp. (SMDC) has ventured into the low-cost housing segment with a new brand called My Place, which tapped a younger market “that yearns for independent living.”
“Condo living is becoming more popular because the trend now is to live closer to where you work,” Camus said.
The JLLL executive said this is the reason behind the success of the SM Group’s housing arm, the largest residential developer in Metro Manila in the first semester in terms of number of units sold and value of sales.
“SMDC has caught many developers by surprise. They have bought a lot of good properties along the MRT stations and SM malls. They’re well located,” Camus said.
The company was also able to create synergies with its malls as it developed affordable and fully-furnished residential units, complete with appliances that home buyers can easily purchase from SM outlets, the JLLL executive said.
For details on SM Condo Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Times, 11 September 2010
For details on the Real Estate Service Act > www.ra9646.com
“If interest rates go up, it will depend on how much. If it increases too much, it will be difficult to have good installment packages,” Nando Camus, JLLL chairman, told The Manila Times.
The Bangko Sentral ng Pilipinas said it is likely to keep key interest rates at their lowest level for the rest of the year, barring any price shock or any event that would raise inflation expectations.
Most local banks forecast that the central bank will start tweaking its key rates next year as the economy starts to pick up.
Camus said the demand for residential developments is being driven by theyoung professionals or the “yuppies”, who want to live near their place of work instead of going home to the cities’ outskirts or suburbs.
Property developers have launched specific projects targeting the urban professionals. SM Development Corp. (SMDC) has ventured into the low-cost housing segment with a new brand called My Place, which tapped a younger market “that yearns for independent living.”
“Condo living is becoming more popular because the trend now is to live closer to where you work,” Camus said.
The JLLL executive said this is the reason behind the success of the SM Group’s housing arm, the largest residential developer in Metro Manila in the first semester in terms of number of units sold and value of sales.
“SMDC has caught many developers by surprise. They have bought a lot of good properties along the MRT stations and SM malls. They’re well located,” Camus said.
The company was also able to create synergies with its malls as it developed affordable and fully-furnished residential units, complete with appliances that home buyers can easily purchase from SM outlets, the JLLL executive said.
For details on SM Condo Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Times, 11 September 2010
For details on the Real Estate Service Act > www.ra9646.com
Thursday, September 9, 2010
SM Development offers another stock rights offering
SM Development Corp., the property arm of conglomerate SM Investments Corp., is raising fresh equity through a stock rights offering.
SM Development said in a disclosure to the stock exchange that its board approved the offering of 1.893 billion shares that allows shareholders to subscribe to one for every three stocks held.
The company has not pegged the offering price yet. SM Development could raise as much as P13.3 billion in proceeds based on its Wednesday’s closing price.
The company plans to use the net proceeds from the offering to finance land acquisitions and project development.
Share price of SM Development edged at P7.26, down P0.04 from Tuesday’s close.
This is the second time that SM Development will conduct a rights offering this year.
The property company at the start of the year raised P4.8 billion in stock rights offering to fund landbanking.
SM Development was earlier cited by Colliers International Philippines, a property research specialist, as the largest residential developer in Metro Manila in the first half of 2010, both in terms of the number of units sold and the value of sales.
SM Development as of end-June had 13 residential projects in the market, including Princeton Residences in Quezon City, Jazz Residences in Jupiter in Makati, Sun Residences beside Mabuhay Rotonda near Quezon Avenue in Quezon City, Light Residences in Mandaluyong and Wind Residences in Tagaytay City.
The company in June this year launched also My Place South Triangle in Panay Avenue corner Mother Ignacia Street, Quezon City. It is the company’s initial project under the My Place brand, which offers affordable residential condominium units starting at P1.1 million for a 20-square meter unit.
For details on, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Standard, 09 September 2010
For details on the Real Estate Service Act > www.ra9646.com
SM Development said in a disclosure to the stock exchange that its board approved the offering of 1.893 billion shares that allows shareholders to subscribe to one for every three stocks held.
The company has not pegged the offering price yet. SM Development could raise as much as P13.3 billion in proceeds based on its Wednesday’s closing price.
The company plans to use the net proceeds from the offering to finance land acquisitions and project development.
Share price of SM Development edged at P7.26, down P0.04 from Tuesday’s close.
This is the second time that SM Development will conduct a rights offering this year.
The property company at the start of the year raised P4.8 billion in stock rights offering to fund landbanking.
SM Development was earlier cited by Colliers International Philippines, a property research specialist, as the largest residential developer in Metro Manila in the first half of 2010, both in terms of the number of units sold and the value of sales.
SM Development as of end-June had 13 residential projects in the market, including Princeton Residences in Quezon City, Jazz Residences in Jupiter in Makati, Sun Residences beside Mabuhay Rotonda near Quezon Avenue in Quezon City, Light Residences in Mandaluyong and Wind Residences in Tagaytay City.
The company in June this year launched also My Place South Triangle in Panay Avenue corner Mother Ignacia Street, Quezon City. It is the company’s initial project under the My Place brand, which offers affordable residential condominium units starting at P1.1 million for a 20-square meter unit.
For details on, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Standard, 09 September 2010
For details on the Real Estate Service Act > www.ra9646.com
Luxe living for the fashion-forward set
LIVING the good life means having a home that showcases all the comforts and luxury at an affordable price. For chic individuals, a stylishly-designed home is of course, a must and this, and other conveniences can be enjoyed at Sun, Sea, Light and Wind Residences. These five-star residential projects of SM Residences offer quality living inspired by bold architecture, stunning cityscapes and the allure of the tropics.
"Young urbanites may be living in the fast lane but that doesn’t mean they’ve already abandoned their personal style, as seen in the way they dress up and decorate their condos. We’re pleased that our talented designers captured the fashion and taste of the urban lifestyle, something we at SM Residences also appreciate and work hard to respond to," says SM Development Corp. AVP for marketing Bernadette Ramos.
Designers Odelon Simpao, Lizanne Cua, Ronaldo Arnaldo and Jeffrey Rogador took inspiration from the same urbanite lifestyle evoked by SM Residences’ residential units. Styled by John Lozano and photographed by Dix Perez, the images of condo living featured models Gisselle Paqueo, Michelle Panemanglor and Marc Nash of Cal-Carries International, with Al de Leon as make-up artist and Paulo Lopez as hairstylist.
Experience the best of living and luxury at Sun Residences, which allows residents to bask in the vibrant warmth of living right in the heart of the metropolis. Located along España Boulevard near the famous Welcome Rotonda, it is near the University of Santo Tomas and other educational and commercial establishments. Inspired by bold, minimalist architecture, two 43-storey towers offer a studio, 1 or 2 bedroom units to ensure comfortable and convenient living for residents.
For those who desire tropical living right in the city center, Sea Residences is a must. Located inside the Mall of Asia Complex, it lets residents achieve work-life balance with utmost ease. Within the community lies a tropical alcove flanked by greeneries, swimming pools, playgrounds, a clubhouse and more. The six towers feature well-appointed condo units set against a backdrop of the sea with generous greeneries, which also gives residents a stunning view of the famed Manila Bay sunset and the stunning Makati skyline.
If you’re up for a sparkling, exciting and fun lifestyle then you may opt for Light Residences. These three, 40-storey towers located in EDSA corner Madison Street in Mandaluyong offer breathtaking views at night. It offers studio units, three types of one-bedroom units and two bedroom units, ensuring that whatever your living requirements may be, Light Residences has got it all covered.
Finally, experience a new level of Tagaytay living with Wind Residences. Located in the cool surroundings of Tagaytay City, Wind Residences is a 15-hectare premier destination, thanks to its fresh mountain breeze and panoramic view of Taal, Tagaytay, Cavite, Metro Manila and Batangas. It offers ten 20-storey towers that are safe, secure and peaceful, offering residents resort-like condominium living, thanks to its facilities that include a garden, clubhouse, jogging paths, swimming pools, badminton and basketball courts, among others.
Other SM Residences projects include the 35-storey Berkeley Residences along Katipunan Avenue, right across Miriam College and Ateneo de Manila University; the French Mediterranean-inspired Chateau Elysée near SM City Bicutan; Lindenwood Residences in Susana Heights; Mezza Residences near SM City Sta. Mesa; Sea Residences at the Mall of Asia Complex; Grass Residences near SM City North Edsa; and Wind Residences in Tagaytay.
For details on SM Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Malaya, 09 September 2010
For details on the Real Estate Service Act > www.ra9646.com
Monday, September 6, 2010
6 firms challenge SM’s unsolicited offer for 33-hectare BCDA propertyBy
Six property developers are challenging the unsolicited proposal of SM Land Inc.’s (SMLI) to develop the 33.1 hectare property in Bonifacio South in Global City.
Bases Conversion and Development Authority executive vice president and spokesperson Aileen R. Zosa identified the six challengers as Ayala Land Inc. (ALI), Filinvest Land Inc. (FLI), Jones Lang La Salle-Leechiu (JLL), Megaworld Corporation, Robinsons Land Corporation (RLC), and Rockwell Land Corporation (Rockwell).
Zosa said the six property developers have purchased the Terms of Reference (TOR) for the Eligibility Requirements – for the Competitive Challenge for the Selection of BCDA’s Joint Venture Partner for the Privatization and Development of the property.
“These developments are strong indications of the confidence of private business in the Philippine real estate market and in the Aquino government, as a whole,” she said.
Of those who purchased the eligibility documents, ALI, FLI and Rockwell attended the pre-eligibility conference held last 3 September 2010 at the BCDA Corporate Office. Daewoo International attended the pre-eligibility conference but did not purchase the eligibility documents. Also present at the pre-eligibility conference was SMLI.
The 33.1-hectare area is composed of lands presently occupied in part by the Army Support Command and Special Services Unit of the Philippine Army and in part by the Bonifacio Naval Station and Philippine Marine Corps of the Philippine Navy otherwise known as the BNS/PMC/ASCOM/SSU Property.
Under the Bonifacio South master plan, the BNS/PMC/ASCOM/SSU area would be developed into a medium- to high-density residential and mix use complex, with a strong institutional component and has a maximum allowable gross floor area of 1.355 million sq.m.
The property is located along Lawton Avenue and is separated from the JUSMAG property by the NAMRIA area and a 6-hectare strip of land retained by the Philippine Army.
SMLI’s proposal offers an upfront cash of P2 billion upon signing of the JV contract and secured yearly revenues, totaling P25.9 billion for 20 years, for a present value of P36,900 per sq.m. Investment commitment of SMLI for the project stands at a minimum of P20 billion. SMLI shall advance the funds for and undertake the replication of military facilities affected by the development of the property.
For details on SM Residences and Condos, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 06 September 2010
For details on the Real Estate Service Act > www.ra9646.com
Bases Conversion and Development Authority executive vice president and spokesperson Aileen R. Zosa identified the six challengers as Ayala Land Inc. (ALI), Filinvest Land Inc. (FLI), Jones Lang La Salle-Leechiu (JLL), Megaworld Corporation, Robinsons Land Corporation (RLC), and Rockwell Land Corporation (Rockwell).
Zosa said the six property developers have purchased the Terms of Reference (TOR) for the Eligibility Requirements – for the Competitive Challenge for the Selection of BCDA’s Joint Venture Partner for the Privatization and Development of the property.
“These developments are strong indications of the confidence of private business in the Philippine real estate market and in the Aquino government, as a whole,” she said.
Of those who purchased the eligibility documents, ALI, FLI and Rockwell attended the pre-eligibility conference held last 3 September 2010 at the BCDA Corporate Office. Daewoo International attended the pre-eligibility conference but did not purchase the eligibility documents. Also present at the pre-eligibility conference was SMLI.
The 33.1-hectare area is composed of lands presently occupied in part by the Army Support Command and Special Services Unit of the Philippine Army and in part by the Bonifacio Naval Station and Philippine Marine Corps of the Philippine Navy otherwise known as the BNS/PMC/ASCOM/SSU Property.
Under the Bonifacio South master plan, the BNS/PMC/ASCOM/SSU area would be developed into a medium- to high-density residential and mix use complex, with a strong institutional component and has a maximum allowable gross floor area of 1.355 million sq.m.
The property is located along Lawton Avenue and is separated from the JUSMAG property by the NAMRIA area and a 6-hectare strip of land retained by the Philippine Army.
SMLI’s proposal offers an upfront cash of P2 billion upon signing of the JV contract and secured yearly revenues, totaling P25.9 billion for 20 years, for a present value of P36,900 per sq.m. Investment commitment of SMLI for the project stands at a minimum of P20 billion. SMLI shall advance the funds for and undertake the replication of military facilities affected by the development of the property.
For details on SM Residences and Condos, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 06 September 2010
For details on the Real Estate Service Act > www.ra9646.com
4 reasons to invest in Jazz Residences
WHAT MAKES a condo unit a “good buy”?
Affordability, proximity to workplace, as well as comfort from having additional amenities are among the major considerations that may cross the mind of any prospective buyer, especially the young urban professionals, who are seeking to have his or her first major property investment.
For top selling real estate developer SM Development Corp., its recently launched Jazz Residences—the company’s first residential project in Makati—can offer all these. It also provides potential homeowners a unique perspective of the city.
SMDC vice president and project director Grace Sta. Ana told Inquirer Property that the vision of real estate titan and SMDC chief executive officer Henry Sy Jr. was to put up affordable decent homes, with generous spaces.
1 Unique scenery. “We created this high-quality condominium to revitalize the Makati hub. Along with the flourishing institutional and commercial establishments that the resurging area is known for, this residential development will allow more people to get a slice of this prime Makati lifestyle area,” Sta. Ana added.
Jazz Residences, she stressed, can offer its future residents with an unobstructed view of the new prime Makati.
Designed by architect Albert Yu of Asya Design, Jazz Residences will feature four towers that stand tall on a five-story podium that will be devoted to commercial establishments, while one floor will be for the amenities and garden sprawl.
Sta. Ana disclosed that Tower D will be completed within the second quarter of 2013; Tower C by the first quarter of 2014; Tower A, third quarter of 2014; and Tower B—which is tagged as the best tower among the four because it has the best view of the property’s amenities—will be completed within the first quarter of 2015.
With 40 levels for residential spaces, buyers can choose units ranging from furnished mix studio (16-20 square meters) to one-bedroom (23-27 sq m) and two-bedroom (36-40 sq m) units.
2 Proximity to Makati CBD. This high-rise development will be put up within the 2.5-hectare lot bounded by N. Garcia and Jupiter Streets, providing accessibility to main roads such as Buendia, Kalayaan, Ayala and Makati Avenues.
SMDC plans to construct a special bridgeway connecting Jazz Residences to Salcedo for “maximized convenience, rendering the location of Jazz Residences closer to the city’s business hub.”
This bridgeway is also expected to help ease the traffic in the area and enable Bel-Air residents to have better access to the Makati central business district.
“Traffic will further be eased with a loop road built-in to Jazz Residences and two extra car lanes along Jupiter and N. Garcia from a reduction in its lot area,” the company added.
3 Ease in financing. What further makes the Jazz Residences a good buy is the availability of an attractive financing scheme, with its 0-percent downpayment and a monthly amortization of only P8,500-P10,000 for the studio units priced at P1.5 million to P1.8 million.
A one-bedroom unit would cost about P2.1-2.4 million with a monthly amortization of P11,700-13,400, while a two-bedroom unit would have a monthly amortization of P18,400-P20,000.
Sta. Ana said its current tie-up with Banco De Oro will make it even easier for prospective buyers to own a unit at Jazz Residences, which will allow them to have access to upscale hotel services.
4 Hotel-like and other amenities. Meanwhile, the 1.7-hectare amenity podium is reminiscent of five-star hotels. It has a four-lap swimming pools and two kiddie pools, a fitness gym, mini theater, children’s playground, jogging paths and landscaped gardens all ready to cater to the leisure needs of this Vertical Village.
Function rooms are also available for the use of its tenants.
To do its share for the environment, Sta. Ana also noted that the development will feature towers that have natural ventilation because of open walkways and corridors, as well as a lot of open spaces, thus reducing its energy consumption for lighting and airconditioning.
Jazz Residences will likewise have its own mini SM Mall, complete with an SM Hypermarket. The entire second floor meanwhile will be devoted to the Jazz Residences business center.
Outside the development, lining the vicinity of Jazz Residences is a bevy of stores that offer musical entertainment, artistic spaces and exhibits and a plethora of dining establishments that revitalize the Bel-Air district.
“We have seen the Bel-Air side of Makati thrive as lifestyle establishments continue to paint the area. With Jazz Residences, we are rewarding young professionals who work in the city’s business district to live in the kind of community that they deserve: upscale, progressive and environmentally responsible,” Sy added.
For details of Jazz Residences, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Inquirer, 27 August 2010
For details on the Real Estate Service Act > www.ra9646.com
Affordability, proximity to workplace, as well as comfort from having additional amenities are among the major considerations that may cross the mind of any prospective buyer, especially the young urban professionals, who are seeking to have his or her first major property investment.
For top selling real estate developer SM Development Corp., its recently launched Jazz Residences—the company’s first residential project in Makati—can offer all these. It also provides potential homeowners a unique perspective of the city.
SMDC vice president and project director Grace Sta. Ana told Inquirer Property that the vision of real estate titan and SMDC chief executive officer Henry Sy Jr. was to put up affordable decent homes, with generous spaces.
1 Unique scenery. “We created this high-quality condominium to revitalize the Makati hub. Along with the flourishing institutional and commercial establishments that the resurging area is known for, this residential development will allow more people to get a slice of this prime Makati lifestyle area,” Sta. Ana added.
Jazz Residences, she stressed, can offer its future residents with an unobstructed view of the new prime Makati.
Designed by architect Albert Yu of Asya Design, Jazz Residences will feature four towers that stand tall on a five-story podium that will be devoted to commercial establishments, while one floor will be for the amenities and garden sprawl.
Sta. Ana disclosed that Tower D will be completed within the second quarter of 2013; Tower C by the first quarter of 2014; Tower A, third quarter of 2014; and Tower B—which is tagged as the best tower among the four because it has the best view of the property’s amenities—will be completed within the first quarter of 2015.
With 40 levels for residential spaces, buyers can choose units ranging from furnished mix studio (16-20 square meters) to one-bedroom (23-27 sq m) and two-bedroom (36-40 sq m) units.
2 Proximity to Makati CBD. This high-rise development will be put up within the 2.5-hectare lot bounded by N. Garcia and Jupiter Streets, providing accessibility to main roads such as Buendia, Kalayaan, Ayala and Makati Avenues.
SMDC plans to construct a special bridgeway connecting Jazz Residences to Salcedo for “maximized convenience, rendering the location of Jazz Residences closer to the city’s business hub.”
This bridgeway is also expected to help ease the traffic in the area and enable Bel-Air residents to have better access to the Makati central business district.
“Traffic will further be eased with a loop road built-in to Jazz Residences and two extra car lanes along Jupiter and N. Garcia from a reduction in its lot area,” the company added.
3 Ease in financing. What further makes the Jazz Residences a good buy is the availability of an attractive financing scheme, with its 0-percent downpayment and a monthly amortization of only P8,500-P10,000 for the studio units priced at P1.5 million to P1.8 million.
A one-bedroom unit would cost about P2.1-2.4 million with a monthly amortization of P11,700-13,400, while a two-bedroom unit would have a monthly amortization of P18,400-P20,000.
Sta. Ana said its current tie-up with Banco De Oro will make it even easier for prospective buyers to own a unit at Jazz Residences, which will allow them to have access to upscale hotel services.
4 Hotel-like and other amenities. Meanwhile, the 1.7-hectare amenity podium is reminiscent of five-star hotels. It has a four-lap swimming pools and two kiddie pools, a fitness gym, mini theater, children’s playground, jogging paths and landscaped gardens all ready to cater to the leisure needs of this Vertical Village.
Function rooms are also available for the use of its tenants.
To do its share for the environment, Sta. Ana also noted that the development will feature towers that have natural ventilation because of open walkways and corridors, as well as a lot of open spaces, thus reducing its energy consumption for lighting and airconditioning.
Jazz Residences will likewise have its own mini SM Mall, complete with an SM Hypermarket. The entire second floor meanwhile will be devoted to the Jazz Residences business center.
Outside the development, lining the vicinity of Jazz Residences is a bevy of stores that offer musical entertainment, artistic spaces and exhibits and a plethora of dining establishments that revitalize the Bel-Air district.
“We have seen the Bel-Air side of Makati thrive as lifestyle establishments continue to paint the area. With Jazz Residences, we are rewarding young professionals who work in the city’s business district to live in the kind of community that they deserve: upscale, progressive and environmentally responsible,” Sy added.
For details of Jazz Residences, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Inquirer, 27 August 2010
For details on the Real Estate Service Act > www.ra9646.com
Sunday, September 5, 2010
Brisk sales lead SMDC to speed up launch of Jazz Residences
Strong interest for units in SM Development Corp.’s (SM Development) Makati project Jazz Residences has led the company to speed up the unveiling of its remaining towers. The company yesterday formally opened for buyers the third tower of the four-tower project, ahead of the planned opening in October.
Bernadette Ramos, SM Development assistant vice president for marketing, said "strong interest" for the units in Jazz Residences led them "to open up more available units" as the project gain traction from the Makati real estate market.
Jazz residences project manager Grace Sta. Ana told Malaya Business Insight that the development is attracting interest from people working in Makati, particularly the young professionals and those who are seeking for a "weekday home" while working in Makati.
The project also generates interest from overseas Filipinos who wish to have a place to stay in Makati whenever they are in the Philippines, according to Sta. Ana.
A total of over 5,000 units will be made available in Jazz Residences which will be constructed in a 2.5 hectare property in the corner of Jupiter and N. Garcia Streets.
SM Development is allocating a portion of the property for traffic flow, leaving a total of 1.7 hectare for the actual realty development.
SM Development said it is constructing a bridgeway that will connect Jazz Residences to Salcedo Village, to ease traffic in the area and enable Bel-Air residents with more accessibility to the Makati central business district.
Part of the development will be a six-floor amenity podium which will house swimming pools, fitness gym, mini-theater, children’s playground, and parking among others. It will also include a business center that will cover a whole floor.
A mini SM Mall will also anchor the project, which will include an SM Hypermarket.
Units range between P1.5 million for a studio, to P2.6 million for a three-bedroom unit. Two-bedroom units are priced between P1.8 million to P2.1 million.
SM Development is offering a financing scheme of 20 percent initial payment payable in 36 months. The remaining amount can then be paid through bank financing.
This scheme allows buyers to pay a monthly amortization of as low as P9, 0000 only for their units, said Sta. Ana.
Currently, Tower A of the project has been fully sold, while tower C is 60 percent sold, according to Sta. Ana.
For details on Jazz Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Malaya, 05 September 2010
For details on the Real Estate Service Act > www.ra9646.com
Bernadette Ramos, SM Development assistant vice president for marketing, said "strong interest" for the units in Jazz Residences led them "to open up more available units" as the project gain traction from the Makati real estate market.
Jazz residences project manager Grace Sta. Ana told Malaya Business Insight that the development is attracting interest from people working in Makati, particularly the young professionals and those who are seeking for a "weekday home" while working in Makati.
The project also generates interest from overseas Filipinos who wish to have a place to stay in Makati whenever they are in the Philippines, according to Sta. Ana.
A total of over 5,000 units will be made available in Jazz Residences which will be constructed in a 2.5 hectare property in the corner of Jupiter and N. Garcia Streets.
SM Development is allocating a portion of the property for traffic flow, leaving a total of 1.7 hectare for the actual realty development.
SM Development said it is constructing a bridgeway that will connect Jazz Residences to Salcedo Village, to ease traffic in the area and enable Bel-Air residents with more accessibility to the Makati central business district.
Part of the development will be a six-floor amenity podium which will house swimming pools, fitness gym, mini-theater, children’s playground, and parking among others. It will also include a business center that will cover a whole floor.
A mini SM Mall will also anchor the project, which will include an SM Hypermarket.
Units range between P1.5 million for a studio, to P2.6 million for a three-bedroom unit. Two-bedroom units are priced between P1.8 million to P2.1 million.
SM Development is offering a financing scheme of 20 percent initial payment payable in 36 months. The remaining amount can then be paid through bank financing.
This scheme allows buyers to pay a monthly amortization of as low as P9, 0000 only for their units, said Sta. Ana.
Currently, Tower A of the project has been fully sold, while tower C is 60 percent sold, according to Sta. Ana.
For details on Jazz Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Malaya, 05 September 2010
For details on the Real Estate Service Act > www.ra9646.com
Tuesday, August 31, 2010
Colliers: SM is biggest developer in H1
SM DEVELOPMENT CORP. of the Sy mall and banking conglomerate was the top property developer in Metro Manila in the first half of the year.
In a disclosure on Tuesday, SM Development said it was "cited by Colliers International Philippines, a property research specialist, as the largest residential developer in Metro Manila for the period, both in terms of the number of units sold and the value of sales."
“From January to June of this year, SM Development was able to sell over 5,000 units, that is about a 26% share of the total sales in Metro Manila," Colliers said in the same statement.
"Success arises from good location, aggressive marketing, and competitive pricing strategy," it added.
Net income of SM Development ballooned by 24% growth to P1.3 billion in the first half due to strong take-up of new projects. Revenues in the first half jumped by 77% to P4.1 billion from P2.3 billion in the previous year.
"Moving forward, it is our goal and our mission to provide the best home for every Filipino, through improved lifestyles, an innovative approach to design and amenities, finding the best locations, even as we price them right,” said SM Development vice-chairman Henry Sy, Jr.
As of end-June, SM Development has 13 residential projects in the market. In May, SM Development borrowed P10 billion through corporate notes for its land banking activities.
Shares in SM Development, which was incorporated as Ayala Fund, Inc. in 1974 before the SM Group of Companies took majority ownership of the company in 1986, shed 10 centavos to close at P7 apiece on Tuesday.
For details on SM Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Businessworld, 31 August 2010
For details on the Real Estate Service Act > www.ra9646.com
In a disclosure on Tuesday, SM Development said it was "cited by Colliers International Philippines, a property research specialist, as the largest residential developer in Metro Manila for the period, both in terms of the number of units sold and the value of sales."
“From January to June of this year, SM Development was able to sell over 5,000 units, that is about a 26% share of the total sales in Metro Manila," Colliers said in the same statement.
"Success arises from good location, aggressive marketing, and competitive pricing strategy," it added.
Net income of SM Development ballooned by 24% growth to P1.3 billion in the first half due to strong take-up of new projects. Revenues in the first half jumped by 77% to P4.1 billion from P2.3 billion in the previous year.
"Moving forward, it is our goal and our mission to provide the best home for every Filipino, through improved lifestyles, an innovative approach to design and amenities, finding the best locations, even as we price them right,” said SM Development vice-chairman Henry Sy, Jr.
As of end-June, SM Development has 13 residential projects in the market. In May, SM Development borrowed P10 billion through corporate notes for its land banking activities.
Shares in SM Development, which was incorporated as Ayala Fund, Inc. in 1974 before the SM Group of Companies took majority ownership of the company in 1986, shed 10 centavos to close at P7 apiece on Tuesday.
For details on SM Residences, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Businessworld, 31 August 2010
For details on the Real Estate Service Act > www.ra9646.com
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