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.”



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.



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

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/

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