Tuesday, October 19, 2010

Ayala Land forms new unit to handle hotel, resort ventures

PROPERTY giant Ayala Land, Inc. has formed a new subsidiary to handle its hotel and resort business, documents showed.

The Securities and Exchange Commission approved the articles of incorporation of Ayala Hotels and Resort Corp. last Sept. 21. The firm has authorized capital of P1.175 billion divided into 235 million shares.

The corporate regulator allowed the firm “to acquire and own, hold, use, sell, assign, manage, deal, transfer or otherwise dispose of real and personal property ... and engage in the general business of a hotel, apartment hotel, inn, resort, restaurant, café, bar, entertainment and other allied business.”

It can also acquire land and buildings, and undertake necessary improvements.

Ayala Land first ventured into the resort and leisure segment in 2007, with the P4-billion development of the 320-hectare Anvaya Cove in Bataan. It was followed by the 46-hectare Amara development in the municipality of Liloan in Cebu.

Last year, Ayala Land signed a deal with the government to develop a 7.5-hectare lot within the Subic Bay Freeport Zone. The firm is also in a joint venture to develop parts of the El Nido Resort in Palawan.

The 50-year lease agreement with the Subic Bay Metropolitan Authority will involve the development of a property on Rizal Highway or between the two main gates linking the free port zone to Olongapo City.

Ayala Land will invest P3 billion for the development of hotels, retail spaces, and business process outsourcing offices. Some 10,000 jobs will be generated by the venture.

Ayala Land subscribed to P1.17 billion in shares of the new unit.

Shareholders Antonino T. Aquino, Jose Emmanuel H. Jalandoni, Emilio J. Tumbocon, Michael Alexis C. Legaspi and Ma. Luisa D. Chiong paid P1 each.

Shares in Ayala Land, whose profits jumped by 34% to P2.51 billion in the first half, shed 1.85% or P0.32 to close at P17.30 apiece yesterday.

Source: Businesworld, 19 October 2010

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Wednesday, October 6, 2010

Ayala Land beefs up property

Just as it promises to launch more projects to ride the wave of market revival, property developer Ayala Land, Inc. (Ayala Land) is also beefing up its manpower tasked with maintaining its developed properties.

Jorge T. Marco, Ayala Land investor relations head, told Malaya Business Insight that the company’s current head count of employees detailed for asset management is only enough for buildings and properties that the company already have. Expansion of developments would require additional hands.

"We need people for administration and property management. The more projects going up, the more that we need additional people," said Marco.

"In every vertical project that we build, we handle the management of that building," he added.

Marco failed to reveal how many additional staff Ayala Land needs but stressed that as the company builds, it will hire more people.

Ayala Land chief finance officer Jaime Ysmael earlier said that the company is ramping up its project launch of residential projects to 12,000 from the original plan of 9,275 units "driven by strong take-up of units."

Ysmael noted that the industry has become "quite good" that it has led many developers to launch lots of projects.

"Everybody accelerated because of good take up," he said adding, "we have accelerated to a certain extent."

The increase however does not require additional investment by the company, said Ysmael, adding that the cashflow from existing projects is enough to cover for the needed cash of the expansion.

The expansion of manpower is also seen by some in the market as Ayala Land ’s way of keeping assets in shape as it eyes to fold properties into the real estate investment trust being cooked up in the financial market.

Ayala Land recently incorporated unit Ayala Land Commercial REIT Inc. (ALCRI) which will serve as the company’s vehicle into the REIT.

The P1.2 billion company "will own and select investment properties for long-term investment" which will include mature assets like shopping center and office assets currently under Ayala Land ’s portfolio, the company earlier said.

Ayala Land said these assets will have recurring income streams and stable occupancy rates.

Aside from folded assets, ALCRI will also look for acquisition opportunities of additional high quality assets that will further enhance and grow its portfolio.

Out of ALCRI’s authorized capital of P1.2 billion, P300 million was subscribed and paid up.

Ayala Land previously expressed its intention to participate in the REIT industry, eyeing to raise about $300 million in new funds.

Tapped as underwriters for the REIT were investment banks JPMorgan and UBS, for the foreign offering, while BPI Capital has been tapped for the local counterpart.

Source: Business Insight Malaya, 06 October 2010

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ALI starts construction of 1st BPO campus in Negros

MANILA, Philippines - Property giant Ayala Land Inc. (ALI) has started the construction of its first business process outsourcing (BPO) campus in Talisay, Negros Occidental – Ayala North Point TechnoHub – with the first phase slated for completion in the first quarter of 2011.

The initial phase of Ayala North Point Technohub will involve the construction of the first two-story building with approximately 4,500 square meters of gross leasable area.

When completed, the campus will consist of several low-rise BPO facilities with a total gross leasable area of approximately 40,000 square meters, supported by a retail component on the ground floor of each office building, all within a 215-hecatare property that ALI is developing in the city.

“We are immensely pleased that we continue to increase our presence here in Talisay City. This is in line with Ayala Land’s growth strategy to bring our developments across the country through the creation and development of sustainable communities, and Talisay is one of the major growth centers Ayala Land would like to have a strong presence in,” ALI senior vice president Marivic Añonuevo said.

ALI’s existing residential projects in Talisay include Ayala North Point, Verdana Homes Plantazzione and Verdana Homes Asyana.

Añonuevo said the project brings the success of the company’s existing environment-friendly office developments such as the UP-AyalaLand TechnoHub in Quezon City and One Evotech in Nuvali, Sta. Rosa, Laguna to the Talisay community.

Upon full completion, the BPO campus is expected to generate more than 15,000 jobs for the local community from the BPO offices, retail establishments and support maintenance services.

Source: Philippine Star, 06 October 2010

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Avida Towers Cebu in Asiatown Park

Avida Land launches second tower at Cebu’s Asiatown park

CEBU CITY -- Avida Land Corp. launched its second residential tower within Asiatown IT Park, just three months after it broke ground for the project and launched the first tower.

The second of two towers that comprise the P1.2-billion Avida Towers Cebu will offer more garden units, said Ryan L. Ybañez, project development associate manager. Tower 1 was launched in July and in less than four months, over 90% of the 518 units have been taken.

While the two towers are under construction, Avida Land is aggressively scouting for properties that could be developed, and planning the establishment of an office to serve the growing Visayas market.

“We’re looking at setting up a branch in Cebu to cater to the fast growth in the Visayas. Our land acquisition group is also scouting for properties right now for other projects,” Mr. Ybañez said.

New projects could either be another condominium development or a “horizontal” development with house-and-lot packages. By the fourth quarter of this year, Avida will also launch house-and-lot developments in Bacolod City in Negros Occidental and Pavia town in Iloilo, both in Western Visayas region.

At Asiatown IT Park, the 25-storey Avida Towers Cebu will be completed in 2013, Mr. Ybañez said. The first tower is slated for completion in the third quarter of 2013 while the second will follow in the fourth quarter of the same year.

Both towers offer studio, one-bedroom units, and two-bedroom units that will be telephone, cable and Internet-ready. Each unit will also be equipped with a fire protection system. Amenities for both towers include adult and children’s swimming pools, a clubhouse with a function room, a children’s play area, an outdoor gym, a garden area and a jogging path.

Avida Towers Cebu is the first project of Avida Land, a wholly owned subsidiary of Ayala Land, Inc., outside Luzon. It is a joint venture project with Asian I-Office Properties, Inc., a subsidiary of Ayala-led Cebu Property Ventures and Development Corp.

The project is located within Asiatown IT Park, a 29-hectare cyberpark developed by Cebu Property Ventures which hosts about 70% of the business process outsourcing companies operating in Cebu and employs about 13,000 workers.

For details on Avida Towers Cebu, 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, 06 October 2010

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Saturday, October 2, 2010

Ayala Land’s Lerato Tower gets tax break


The Board of Investments (BOI) has granted a three-year income tax holiday to Lerato Tower 1, a P816-million housing development of Ayala Land Inc.’s unit Alveo Land Corp. at the heart of Makati.

Located at Malugay St., Bel-Air, Makati City, Lerato Tower 1 involves the development of 9,813 square meters of land and the constructiom of a 30-storey condominium comprising 420 low-cost or economic housing units with a package price of P3 million each.

This is considered "low-cost" based on the definition of the Housing an Urban Development Coordinating Council of over P400,000 to P3 million.
Low-cost housing is one of the preferred activities under infrastructure under the BOI’s Investment Priorities Plan. However, since Lerato Tower 1 is located in the national capital region, its income tax holiday is limited to three years instead of four given to areas that are less served.
This is Alveo’s second housing project in Makati to be registered with the BOI. It registered another mass housing project, Celadon Park Tower 2 in Felix Huertas, Sta. Cruz, Manila. Its other Makati project but considered very high end is The Columns at Amorsolo st., Legaspi Village. Lerato Tower 1 starts commercial operations in November and will employ 430.

For details on Lerato Tower, 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, 02 October 2010

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Monday, September 27, 2010

MONTECITO: Residents are Expected to Live the Good Life – at Own Pace

Everyone invests in something, whether it’s in their education, their children’s future or a place to call home. At Montecito, investing on a home can also be considered an investment on personal, environmental and financial gains.

Offering the lowest-density development since Forbes Park, Montecito by Ayala Land Premier is a sprawling 60-hectare property situated in the ecologically sustainable Nuvali area.

With some of the best views of its surroundings – due to its strategic elevation in the Canlubang, Laguna area – lot owners can also expect cooler climate and quiet nights in the exclusive property.

Developed especially for people who seek a peaceful personal retreat from the outside world, the project also allows residents to enjoy the company of good neighbors and lavish village facilities.

Built within the masterplanned Nuvali eco-development, the development’s lots have enjoyed noticeable price appreciation over the last 18 months, showing that it is a very viable financial investment. With just a few lots left, wise buyers would do well to see for themselves in Laguna why the area appeals so much to those who easily see themselves living there.

With less than five residential lots per hectare of land, residents have all the space they need to build their own swimming pool, create a lush garden paradise for their families, and even host intimate gatherings or big parties for friends and relatives. It has all the space one needs to create a dream home.

With homes averaging four to five for each hectare in the 60-hectare sprawl, residents will truly indulge in a privacy their homes can provide.

Meanwhile, idyllic social spaces within the community allow bonding with neighbors and close friends. In the clubhouse dubbed Pasa Tiempo (Spanish for “passing time”), originally a home created for the Yulo family by National Artist Leandro Locsin, residents will soon have a venue for fun, relaxed neighborhood activities imaginable.

Residents living within the area can easily entertain parties of varying sizes and themes, or choose to take part in organized activities designed to enrich or enhance the experience of a life attuned with nature.

With uplifting amenities designed to inspire members of the community to get back in touch with their creative side or rekindle their interest in a long-neglected hobby--whether it be arts and crafts, cooking, reading or even journal writing –it’s easy to be motivated in an environment of lush greens and lakes teeming with life.

Those with active lifestyles will be inspired to join biathlons or triathlons often held in the area –and training will be easily facilitated by the well-planned roads and pathways for runners, bikers, joggers and walkers.

For those interested in individual pursuits, they may indulge in some time recharging their souls, quietly reflecting in the chapel or as they meander around the soothing open spaces provided by the Greenways - the expansive greenery with winding paths set in between choice lots that act as a buffering zone and a natural source of fresh cooling air.

A neighboring Bird Sanctuary provides another green zone that replenishes the fresh air.

For details on Montecito, 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, 27 September 2010

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Saturday, September 25, 2010

Active living at Venare

Alveo Land recently presented the Philippines’ first “Try-athlon” to highlight active living at Venare in Nuvali.

Breaking a sweat in this one-day, try-everything boot camp were Alveo Land’s top clientele and Venare’s future residents who gamely joined in unique sports and activities that included dry surfing, nature biking, aqua aerobics and football workshops, among others. After springing into action, they grabbed the chance to unwind with a rejuvenating body massage by the pool; while kids took part in a virtual boxing match or hit a homerun in a baseball game featured in the day’s exciting Wii sports challenges.

“The Try-athlon is all about exploring the five facets of active living, which Venare’s future residents will experience through its thematic active zones — the Aqua Zone, the E-Zone, the Green Zone, the Go Zone and the Me Zone,” says Robert S. Lao, head of sales and marketing and business development of Alveo Land. “The unique lifestyle found at Venare will include water recreation, multimedia entertainment, nature pursuits, dynamic sports and active rejuvenation.”

Making every activity easy and trouble-free for all guests were boot-camp trainers who talked about the do’s and don’ts of leading an active lifestyle and emphasized all of Venare’s five active zones. Highlighting some of the dynamic activities at the Go Zone, Jaymie Pizarro of www.bullrunner.com gave a few tips to those who hoped to take on running.

Sports enthusiasts, on the other hand, played football with celebrated Filipino-British football player Phil Younghusband who taught the crowd the ins and outs of the game with members of The Younghusband Football Academy.

Spearheading active living at Venare are Survivor Philippines Season One Castaway Jace Flores, Alveo Land senior project development manager Anton Sanchez, coach Allena Rius from the Gymnastics Association of the Philippines, Filipino-British football player Phil Younghusband, Bull Runner Jaymie Pizarro, Alveo Land head of marketing Kats PelaezGuests learned a lot of survival strategies as Survivor Philippines Season One Castaway Jace Flores shared his gripping experience at the wilderness of Ko Tarutao Island in Thailand. It was a unique way to also highlight a few of the awesome adventures amid nature and lush pockets of greens, which Venare’s future residents can explore at the Green Zone.

Triathlon coach Miguel “Ige” Lopez discussed the basics of running, swimming and biking. He also talked about proper breathing, correct body positions, nutrition basics, and outdoor sports must-haves.

Emphasizing the joys of water recreation at the Aqua Zone, guests made a splash to fitness through aqua aerobics together with coach Allena Rius and the national team for aerobics gymnastics from the Gymnastics Association of the Philippines; while Yoga instructors Cara de Ocampo and Bianca Torres demonstrated an invigorating way to relax the body and mind with the power of Om to allow everyone to visualize the refreshing experience that will be found at the Me Zone.

“We are happy that everyone enjoyed all the activities which we had specially prepared for them. This only means that modern families are ready to live a full and active lifestyle,” said Lao. “Our pioneering work with active living in Venare is a mark of our commitment to provide urbanites the adventure-driven, vibrant life they deserve.”

For details on Venare, 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, 25 September 2010

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Monday, September 20, 2010

The Lerato Alveo Offers a Home for the Creative Spirit

Makati isn’t always about business. It is also the home to some of the most creative people in the arts and advertising industry – where you won’t be surprised to see an art gallery just a few yards away from an Italian deli and a series of warehouse-sized studios shooting music videos, glossy magazine pictorials or even a TV commercial. Not too far away are schools, museums, and some of the best commercial establishments in the city: Greenbelt and Glorietta. Culture vultures can catch a show at Repertory Philippines in Greenbelt, or something by Atlantis Productions in RCBC Plaza, or hie over to Spicy Fingers at Greenbelt for Comedy Cartel’s brand of humor or a poetry reading at Alliance Francaise de Manille.

Makati offers not only convenience but so much more with its diverse facets. And the rise of MCBD North (Makati Central Business District North) highlights the development of a mixed-use neighborhood that will allow urbanites to explore different aspects of this vibrant commercial capital – finding those activities that will complement their lives.

The Lerato, a new integrated residential-commercial development from Alveo Land offers a home where every need is answered and your creative spirit can flourish. Standing on Malugay Street, near The Columns, also by Alveo Land, future residents will appreciate its own retail establishments and its proximity to commercial establishments, complemented by quaint dining and cultural destinations.

It is also in close proximity to commercial, retail, educational and institutional landmarks such as Glorietta and Greenbelt mlls, Makati Medical Center, Medical Plaza, Ateneo Graduate School, Mapua Institute of Technology, De La Salle Graduate School of Business, Assumption College, Colegio San Agustin, Makati Sports Club and Makati Golf.

There are other places where one can reawaken one’s artistic spark, aside from workshops at Ayala Museum, there’s The One School, School of Fashion & Arts (SOFA), and the occasional free seminar hosted by Fully Booked and Powerbooks. Eplore street culture at The Collective on Malugay St. where young entrepreneurs are opening art galleries, cafes, bars and shops selling unique items.

“MCBD North is Ayala Land’s newest district in Makati poised to develop into an integrated mixed-use district,” said Jennylle Tupaz, project development head.

Being the pioneer developer within MCBD North, with signature project – The Columns Ayala Avenue – Alveo Land draws on their understanding of the thriving district and a shared vision with their mother company, Ayala Land, to define Makati North.

The three-tower project will have a meditation room (for the inner self); an AV/Theatre room (for appreciation of the performing arts); picnic area, a jogging trail, and a roofdeck garden (for privacy surrounded by a landscaped area with plants).

For details on The Lerato, 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

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Thursday, September 16, 2010

Two Serendra’s New Towers Create Place for Socialization

With themed gardens, reflective ponds, function rooms and social halls, Two Serendra has created ideal venues for socializing and interacting with friends, family, business associates and neighbors.

Located in the Bonifacio Global City, Alveo Land’s latest high-rise condominium development gives you a home within a community that fosters friendships and builds ideal places for interaction and gatherings. Three well-design buildings (The Aston, The Red Oak and The Meranti) offer various spaces to hold your perfect party.

Spend quality time with your family through casual barbeques at The Aston at Two Serendra. Enjoy the cluster’s water features and reflecting ponds and let your kids interact with your neighbors as they play in the river boat, which is docked by a splash pool or the fun tree house.

Sculptural fountains surrounding the children’s pools create thrilling venues for exciting experiences, which your kids will remember fondly as they grow older.

With a relaxing ambience enhanced by suburban open spaces and refreshing water elements, The Red Oak creates an ideal environment to pursue a healthy and peaceful life.

With body spa pavilions, meditation gardens, floating cabanas as well as walking paths and dance or exercise studios, this building gives residents various options wherein each one can pursue total wellness — be it within the body, mind or spirit.

Hold elegant affairs, like debuts and wedding anniversaries in the Tropical Garden of The Meranti at Two Serendra. Featuring a lush, well-landscaped garden enclosed in glass, the Tropical Garden provides the perfect backdrop for stylish parties and exquisite soirees. Plan an elegant affair with delectable cocktails and food or exquisite wine and cheese.

Engage your friends in a little astronomy, as well, at the Stellar Peak, a landscaped rooftop deck that offers a view of the night sky, creating a cozy setting for chill-out shindigs.

Good wine, company and conversation, most say, create the perfect ambience for a great party. And just as climate, soil type and topography produce an ideal terroir for excellent wine, The Aston, The Red Oak and The Meranti of Two Serendra offer gorgeous and exquisite landscapes, huge trees, water gardens, open lawns, as well as ponds and streams, create your own party paradise that is close to home.

For details on Two Serendra, 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, 15 September 2010

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Monday, September 13, 2010

Ayala Land taps low-end market

Ayala Land, the pioneer in property development, used to cater to the A, double A and triple A market. This market is small but has plenty of money. This is the segment of society that can buy apartments or condominiums from a low of P4 million to tens of millions of pesos.

Ayala Land still does but recognizes the necessity of making affordable homes.

All along, Ayala Land knew that the bigger market – 37 per cent in Metro Manila alone – is the C market for those who have incomes big enough to buy homes that cost between P400,000 to P1.25 million.

This is the Amaia brand of Ayala Land’s housing strategy. The company has plans of going down even further to the D/E market affordable to even lower income groups who can buy homes at P400,000 and even below.

Yet in the Amaia brand, the company makes homes – detached, duplex, two and four stories – at a low of P400,000 to a high of P1.2 million.

There are other big property developers – including Phinma, Eton Properties, Empire East (subsidiary of Megaworld) and many more – which are heavily involved in socialized housing.

Ayala Land has adopted the policy of sharing what it calls "economic housing" with landowners although it has a sizeable inventory of its own.

The major requirement is a minimum of 15 to 20 hectares. One hectare can be good for as many as 90 units, according to Ricky Celis, assistant vice president of Ayala Land and chief operating officer of Amaia Land Corp. In the next five years, Amaia is expected to complete 47 projects and build 78,000 homes under what it calls "economic housing."

Funds are sourced from Pag-IBIG at a rate of 7 per cent a year to the borrower. Members can borrow as much as P750,000 payable in 15 to 25 years.

Money is also available from the banks. But the interest rate is higher at an average of 8.5 per cent. The repayment period is too short – five years – for the lower income group.

The entry of the big boys in property development into socialized housing has a clear advantage to Pag-IBIG and its members.

It is reasonably assumed that the big developers such as Ayala and its competitors will make sure that the borrower gets his home at the agreed date of delivery. There will be no ghost homes for ghost borrowers.

The trend will likely continue. This should discourage the SSS and the GSIS from going into self-administered housing that disappointed many borrowers.

The entry of large property developers into the lower end of the housing market practically ensures the financial soundness of Pag-IBIG. Meaning, the big boys in the business are reasonably assured that the borrowers for whom they build homes will pay religiously.

Thus, the Pag-IBIG continues to make profits from interest income that in turn can expand further its lending portfolio.

The selection of borrowers is rather rigorous. Celis said this has to be done to make sure there are no ghosts borrowers who get loans from Pag-IBIG. Ghosts do not pay.

Celis admits that given the present birth rate of higher than two pert cent or about two million babies born a year, the property development companies involved in socialized housing will never catch up with the backlog.

But the market, he said, is there to tap. The market is composed of overseas Filipino workers – wetbacks, housemaids, skilled workers such as welders, etc. – who are scattered around the world although the larger number is in the Middle East.

Above the Amaia brand of economic housing is the B class or medium cost homes that sell for P1.25 million to P4 million. Funds are also obtained from Pag-IBIG.

Leon M. Montenegro, president and chief executive officer of Avida Land Corp., a subsidiary Ayala Land that takes care of medium cost housing, said, "Avida has already transformed 682 hectares of idle land into master-planned well-built communities that nurtures family bondage."

In the metropolis, Avida has launched the Avida Towers in Alabang, close to the Madrigal Business Park.

The show-case project of Avida may well be the development of a 2.3-hectare property at the corner of EDSA, Reliance and Mayflower streets in Mandaluyong City.

Ayala Land Corp., which owns Avida, signed an agreement with the Philippine National Bank of Lucio Tan for the development of the project.

The new condominium project is envisioned to "cater to young professionals and start-up families.

The Avida Towers Alabang is a condominium of studios, one-and two-bedroom units priced at a low of P1.6 million to as much as P4.7 million.

One of the best attractions of Avida Alabang Towers, according to Montenegro, is the redefinition of the words "rush hour," "meetings," and "overtime."

Before Avida Towers Alabang came up, Avida had already planned the Avida Estates Nuvali, a 26-hectare estate in Calamba, Laguna.

All told, Ayala Land is cutting a wide swath in the housing market.

For details on Ayala Homes, 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, 13 September 2010

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Saturday, September 11, 2010

Modern Housing of the Philippines- Condominiums

What is the best type of residential real estate in the Philippines, particularly in today’s modern trends? According to many Filipinos, some of the most popular types of modern housing in today’s modern and fast-pace lifestyles are condominiums.

Part of what made condominiums a very popular types of housing in the Philippines is because of its benefits which clearly conforms in the many necessities in which Filipinos are looking for. One apparent reason for that is its location.

Modern housing: Condominiums

Accessibility
One of the many benefits in which Filipinos loved with condominiums is with its accessibility to key locations of the city. This is because condominiums are mostly found in business and commercial districts, such as in business and commercial districts.

Because of its location, residents are given the luxury of living within mass transit distance or even walking distance to their workplaces, a kind of necessity in which many Filipinos are looking for in today’s modern and fast-paced lifestyles.

Although found in the busiest districts of the Philippines, these type of Philippine real estate can still offer the privacy, peace, and relaxing environment in which many Filipinos are looking for. According to many of its residents, the view of the city from their windows is also breath-taking.

However, other than its location, condominiums are also known for other important necessities. One is its maintainability and the other is its security.

Maintainability
Condominiums normally hire their own maintenance personnel who are tasked to maintain all facilities found in the condominium from hallways to elevators and cooling systems. This makes their living spaces more luxurious compared to other types of Philippine real estate in terms of maintainability.

Security
Because most residents are of high-stature, such as company executives, all types of condominiums found in those areas are known for its security personnel who assure the safety of all their residents.

Family-oriented
However, other than these types of condominiums, a number of new condominiums were also introduced in the Philippines which offer a home for the modern Filipino family. These new types of condominiums are known as condominium complexes.



Part of what made condominium complexes a family-oriented type of Philippine real estate is because of its location, which are mostly found outside the city, mostly in the outskirts or even in provinces such as in Tagaytay. Because of the environment it offers, condominium complexes quickly became a popular type of modern housing for the modern Filipino family.

Amenities
In addition to its family-oriented environment, condominium complexes are also known for its amenities including swimming pools, gyms, recreational parks, and playgrounds in which residents can freely and exclusively enjoy.

Disadvantages
There are, however, a number of disadvantages in living in a condominium. For condominiums in the city, these types of housing are normally unsuitable for a growing Filipino family particularly for growing children, while living in a condominium complex may not be suitable for Filipinos working around the clock. This is because living in the outskirts or in provinces makes it harder to get back to work, particularly because of rush hour.

Other than its separate disadvantages, all types of condominiums are also known for its condo fees, which can be a disadvantage for many Filipinos. Other than its apparent expensiveness, residents are also obligated to pay a sum of fees to the condominium which is used for the maintenance of all facilities found in the condominium as well as wages for its maintenance and security personnel.

For details on Ayala 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: Catherine Ruiz

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Monday, September 6, 2010

Alveo creates big spaces for life at the top

Just because you need bigger space for a growing family, an active lifestyle, or for hobbies and interests doesn’t mean that you can’t enjoy all these luxuries while living in a condominium.

Alveo Land’s Two Serendra, offers the security, amenities and all the benefits of condominium living mixed with enough space for the family. The first two offerings of Phase 3 of Two Serendra (The Aston and The Red Oak) offer options that feature spaces that can expand your life. Located within the Bonifacio Global City, life in this new community opens to many diverse alternatives for leisure, recreation and entertainment, as well, with clothing stores, restaurants, cafes and even art galleries right outside your doorstep.

The Aston offers ideal spaces for families, with children-friendly features and amenities such as a river boat docked beside a splash pool and even a fun tree house and places for barbeques and small gatherings.

The Red Oak, on the other hand, will be completed by October 2013, and is an ideal environment for total wellness by providing residents with exercise and music rooms, reading nooks, walking paths, spa pavilions, reflection ponds and other areas to enhance their physical, mental and even spiritual well-being.

Two-bedroom units (from 82 sqm to 85 sqm) and three-bedroom units (from 105 sqm to 106 sqm) offer enough space to create an ideal home for families as well as individuals who require larger areas for their varying interests.

Balconies in each of the units provide an ideal space to enjoy spectacular views of the sunset or the night sky.

Walk-in closets for three-bedroom units, provisions for a washer and dryer, a complete kitchen system and even a utility and maid’s area make the resident feel like living in a house instead of a condominium unit.

The roomier two- and three-bedroom units of both The Aston and The Red Oak are situated on the higher floors. Fewer units per floor create serene and peaceful surroundings.

For details on Alveo Land’s Two Serendra, you may 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, 07 September 2010

For details on the Real Estate Service Act > www.ra9646.com

Monday, May 10, 2010

PARK TERRACES: Building on Makati's cornerstones

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As Ayala Land envisions the Makati of today and of the future, it draws out plans that cater to new markets and new needs—needs that evolve along with the dynamic pace of an ever-changing metropolis.
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As the country’s most vibrant hub, Makati is known for its energy and dynamism. As a great example of an urban capital, the city marries industry, society and business amidst modern architecture and lush greens. Its evolution into a cosmopolitan center speaks of the pioneering spirit and vision of those who have built up the city through the years.

Top-of-the-line medical facilities, internationally renowned schools, and the country’s most architecturally-recognized buildings all converge in this dynamic city. Makati’s development has also been inextricably linked to the support and innovation spearheaded by Ayala Land—condominiums such as The Regency, One Salcedo, Two Salcedo and Three Salcedo Park, which line Jaime Velasquez park and whose residents bring life to the Saturday neighborhood Saturday market, One Roxas Triangle, and world renowned lifestyle centers like Greenbelt, and institutions such as the Ayala Museum.

Cornerstones can be found throughout the city. The quiet streets of Legazpi Village overlook the surprising oasis that is Washington Sycip Park. The Residences at Greenbelt merge daily life with boutiques, cafes and restaurants. In addition, Ayala Land Premier will soon break ground with its latest residential venture; Park Terraces, right at the heart of the Ayala Center—creating yet another Makati cornerstone that people can look forward, and up to.

The world-class standards on which each of these developments was built show Ayala Land’s firm commitment to pushing the envelope in design, urban planning, and in creating a way of life that is in sync with the global community. Park Terraces, promises a heightened connectivity—one wherein proximity to retail and business areas is high priority via its interconnected underground parking that links the development Glorietta and to the best of Makati’s destinations. Park Terraces acknowledges the need for privacy and offers areas and amenities to give a much-needed retreat to those looking to relax in the middle of urban living. Ayala Land is set to continue its firm belief in bettering the built environment as well as the living experiences that affect and are influenced by it in projects that are up to date, relevant and promise excellent convenience.

As Ayala Land envisions the Makati of today and of the future, it draws out plans that cater to new markets and new needs—needs that evolve along with the dynamic pace of an ever-changing metropolis. Makati is no stranger to change, and the rapid new developments being introduced by Ayala Land, such as Park Terraces, are sure to usher in sweeping transformations that will revitalize and re-energize the built environment and the people who inhabit it. As life in the urban landscape presents city dwellers with more innovations and more advancements, Ayala Land is committed to creating experiences that make every area of life in this vibrant city even better.

For details on Park Terraces, 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