Inquirer - The real estate arm of Philippine conglomerate Ayala Corp. said
Tuesday it planned to create another major business district in Manila
after casting the highest bid for a government property.
Ayala Land offered P24.33 billion ($579 million), more than two other
real estate firms, for the Food Terminal industrial estate, the company
and government officials said.
The 74-hectare (183-acre) property is located near major government
highways and will become “the southern gateway” to Manila, Ayala Land
said.
The company will develop the area in a manner similar to the upscale
housing, office, hotel and shopping mall projects it has set up in other
parts of the capital and across the country, Ayala Land spokesman Jorge
Marco said.
“It’s going to be another business district and it will have all our
product lines: residential, retail, office and hotels,” he said.
Ayala Land’s bid exceeded the floor price of P10.2 billion for the
property, said Melinda Cortez, marketing chief of the government’s
privatization office.
She described it as the biggest government privatization effort in years.
However, the government’s economic ministers must still study the bid
for 60 days to see if it meets all financial and legal qualifications
before declaring Ayala Land the winner, Cortez added.
The estate, formerly a major government food processing facility, is
now an industrial estate where warehouses, offices and stores are
already operating.
The Philippine government tried to sell off the facility in 2009 but failed to attract enough bidders.
For latest update on real estate
development and its RA 9646, the Real Estate Service Act of 2009, visit
www.ra9646.com.
Thursday, August 23, 2012
Wednesday, August 15, 2012
Ayala wins FTI auction
BUSINESSWORLD - AYALA LAND, INC. (ALI) was named the highest
bidder as a Food Terminal, Inc. (FTI) auction finally pushed through
yesterday, with the developer’s P24.331-billion tender surpassing offers
made by two other leading property firms.
With prior attempts since the ’90s having failed, the Privatization and Management Office (PMO) claimed the sale, which it described as a success, had been helped by a rosy investment climate and optimism in the government.
The ALI bid was more than double the government’s P10.248-billion base price for 74 hectares of the 103-hectare industrial complex.
Gokongwei-led Robinsons Land Corp. had the second-highest offer of P14.667 billion, while Andrew L. Tan-controlled Empire East Land Holdings had the lowest bid of P11.248 billion.
Four other real estate giants -- Gotianun-led Filinvest Land, Inc., Sy-led SM Land, Inc., as well as Rockwell Land Corp. and Century Properties Group, Inc. -- that had prequalified for the auction did not submit tenders.
FTI is one of the largest industrial lots in Metro Manila and it lies in a prime location in Taguig City, near the South Luzon Expressway and the end of the C-5 highway. Given its proximity to major thoroughfares, ALI hopes to develop the sprawling property into another central business district (CBD). The firm already holds a portfolio of CBDs in the cities of Makati, Taguig, Quezon and Cebu.
"The property will be the southern gateway into Metro Manila, similar to our Vertis North, our northern gateway development," ALI Chief Finance Officer Jaime E. Ysmael yesterday said in a statement.
"With these two developments, we are now well positioned to capitalize on the development opportunities of these two growth centers, supplemented by the government’s planned intermodal transport system," he added.
"Just as we envision Vertis North to be the first transit-oriented CBD in the north, FTI will serve the same purpose for the south."
Despite the whopping P24-billion bid, he claimed that FTI was acquired at a "significant discount," especially given land values in nearby Makati and Bonifacio Global City.
Privatization officials were visibly relieved at the success of yesterday’s auction. The last sale attempt in 2009 failed after the deadline for the submission of offers lapsed without any bids. Sale plans were likewise scrapped in 2010 due to unfavorable market conditions arising from the global financial crisis.
"The investment climate today is positive, with our resilience from the global economic downturn and the dip in borrowing costs for corporations," PMO Chief Privatization Officer Karen G. Singson told reporters.
The private sector is also optimistic given the government’s dedication to transparent bid procedures, she claimed. The auction took roughly six hours as the PMO checked all bid documents in front of the prospective investors.
"We are very happy not just with the ALI bid, but more importantly, with its payment stream," Ms. Singson said.
ALI pledged an upfront payment of P19.465 billion by the closing of the auction. The remainder will be paid a year after.
"This is the upside we wanted for the government: immediate development in that area. We hope to see increased employment, access and transportation once Ayala begins its work," Ms. Singson said.
The government should also expect a kick in its revenues this year because of the privatization, Ms. Singson said. At least half of the sale proceeds will go to the National Treasury, particularly the funds for the Agriculture and Agrarian Reform departments. The other half will go to FTI for the payment of its liabilities.
Tax collections should also benefit with the taxes due on ALI’s upfront payment, which will be pegged on zonal values.
Julius M. Guevara, associate director of property consultancy firm Colliers International Philippines, lauded the FTI sale and called it a win-win situation both for ALI and the government.
"The FTI acquisition is a significant win for Ayala Land since it further bolsters their land bank. The substantial spread above the minimum bid is also strategic, since it allows them to secure the property and also deprives their competitors of the opportunity to develop one of the last parcels of land of this size close to Manila’s CBDs," Mr. Guevara said in an e-mail.
"This is also a huge success for the government, which after lowering their minimum bid probably did not expect to receive a bid as high as they did today," he continued.
The government had considered a P13-billion price tag last year.
FTI is the first major government asset to be privatized under the Aquino administration. The PMO will now conduct one final review of ALI’s bid documents and requirements before it endorses the offer to the Privatization Council.
This post-qualification process should be concluded in five business days, Ms. Singson said. The notice of award should also be issued to the firm in the next 15 business days. Formal turnover will come no later than Dec. 31 this year.
For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.
With prior attempts since the ’90s having failed, the Privatization and Management Office (PMO) claimed the sale, which it described as a success, had been helped by a rosy investment climate and optimism in the government.
The ALI bid was more than double the government’s P10.248-billion base price for 74 hectares of the 103-hectare industrial complex.
Gokongwei-led Robinsons Land Corp. had the second-highest offer of P14.667 billion, while Andrew L. Tan-controlled Empire East Land Holdings had the lowest bid of P11.248 billion.
Four other real estate giants -- Gotianun-led Filinvest Land, Inc., Sy-led SM Land, Inc., as well as Rockwell Land Corp. and Century Properties Group, Inc. -- that had prequalified for the auction did not submit tenders.
FTI is one of the largest industrial lots in Metro Manila and it lies in a prime location in Taguig City, near the South Luzon Expressway and the end of the C-5 highway. Given its proximity to major thoroughfares, ALI hopes to develop the sprawling property into another central business district (CBD). The firm already holds a portfolio of CBDs in the cities of Makati, Taguig, Quezon and Cebu.
"The property will be the southern gateway into Metro Manila, similar to our Vertis North, our northern gateway development," ALI Chief Finance Officer Jaime E. Ysmael yesterday said in a statement.
"With these two developments, we are now well positioned to capitalize on the development opportunities of these two growth centers, supplemented by the government’s planned intermodal transport system," he added.
"Just as we envision Vertis North to be the first transit-oriented CBD in the north, FTI will serve the same purpose for the south."
Despite the whopping P24-billion bid, he claimed that FTI was acquired at a "significant discount," especially given land values in nearby Makati and Bonifacio Global City.
Privatization officials were visibly relieved at the success of yesterday’s auction. The last sale attempt in 2009 failed after the deadline for the submission of offers lapsed without any bids. Sale plans were likewise scrapped in 2010 due to unfavorable market conditions arising from the global financial crisis.
"The investment climate today is positive, with our resilience from the global economic downturn and the dip in borrowing costs for corporations," PMO Chief Privatization Officer Karen G. Singson told reporters.
The private sector is also optimistic given the government’s dedication to transparent bid procedures, she claimed. The auction took roughly six hours as the PMO checked all bid documents in front of the prospective investors.
"We are very happy not just with the ALI bid, but more importantly, with its payment stream," Ms. Singson said.
ALI pledged an upfront payment of P19.465 billion by the closing of the auction. The remainder will be paid a year after.
"This is the upside we wanted for the government: immediate development in that area. We hope to see increased employment, access and transportation once Ayala begins its work," Ms. Singson said.
The government should also expect a kick in its revenues this year because of the privatization, Ms. Singson said. At least half of the sale proceeds will go to the National Treasury, particularly the funds for the Agriculture and Agrarian Reform departments. The other half will go to FTI for the payment of its liabilities.
Tax collections should also benefit with the taxes due on ALI’s upfront payment, which will be pegged on zonal values.
Julius M. Guevara, associate director of property consultancy firm Colliers International Philippines, lauded the FTI sale and called it a win-win situation both for ALI and the government.
"The FTI acquisition is a significant win for Ayala Land since it further bolsters their land bank. The substantial spread above the minimum bid is also strategic, since it allows them to secure the property and also deprives their competitors of the opportunity to develop one of the last parcels of land of this size close to Manila’s CBDs," Mr. Guevara said in an e-mail.
"This is also a huge success for the government, which after lowering their minimum bid probably did not expect to receive a bid as high as they did today," he continued.
The government had considered a P13-billion price tag last year.
FTI is the first major government asset to be privatized under the Aquino administration. The PMO will now conduct one final review of ALI’s bid documents and requirements before it endorses the offer to the Privatization Council.
This post-qualification process should be concluded in five business days, Ms. Singson said. The notice of award should also be issued to the firm in the next 15 business days. Formal turnover will come no later than Dec. 31 this year.
For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.
Avida takes flight to better preserve heritage, habitat
Avida is soaring to great heights to save its own kind.
Literally, that is, as the Philippine Eagle Foundation named a 12-year-old eagle under its care “Avida” after forging an agreement with high-quality property developer Avida Land Corp.
Under this memorandum of agreement signed between the two parties, Avida Land has formalized its commitment to support the foundation’s efforts to help save the Philippine eagle and its habitat.
If all goes well, “Avida” is expected to mature and be able to bear eagles of her own to help continue the line of Philippine eagle species.
While the Ayala Land subsidiary is in the business of providing quality homes to the hardworking Filipinos, Avida Land is also very much aware of the need to help provide all inhabitants of this planet a sustainable home—and that means not only the people, but all other forms of life as well.
Corporate sponsor
As such, Avida Land deemed that it was only right for the company to enter into such an agreement and serve as one of the corporate sponsors of the Philippine Eagle Foundation in a concentrated bid to protect this critically endangered species.
The Philippine eagle, according to Avida Land, is considered to date as one of the largest and most powerful eagles in the world.
The company explained: “It is also one of the rarest of all eagle species, found only in the forests of Luzon, Samar, Leyte and Mindanao. Unfortunately, the destruction of forests threatens these raptors’ existence. The Philippine eagle is critically endangered and there are only about 500 pairs left in the wild.”
Under the said agreement, Avida Land has specifically committed to support the foundation for the next three years to help breed Philippine eagles at the PEF sanctuary. The said sponsorship will also include efforts to educate the public on the importance of the Philippine eagle to Davao’s ecosystem and to the country’s national heritage.
“Avida Land’s contribution will be spent on the care, maintenance and monitoring of nests of eagle chicks in the wild, including their daily feeding and veterinary care. Part of it will also go to other support programs of the PEF,” the company said.
“Avida’s partnership with the PEF is part of our overall commitment for sustainable development wherever there is an Avida property,” it added.
Sustainability practice by its parent company, Ayala Land, means building communities that meet the needs of customers; create benefits that last through generations; and, offer environment-friendly products and design that uplift the lives of people in and around them.
For Ayala Land, the ultimate end of sustainability is nation-building. As such, the company ensures that sustainability is integrated into everything it does: from the choice and acquisition of land, to how it master plans communities and townships; to the design and construction of its properties.
Similarly, Avida Land claims that all its developments are also master planned to ensure that these structures are sustainable, energy-efficient and environmentally sound.
Commitment
And as Avida Land expands its reach in the Visayas and Mindanao, it has committed to continue its pursuit of sustainability for all its property developments. Avida has already sold out its Avida Towers Cebu while Avida Towers Riala, also in Cebu, was recently launched.
Currently, Avida is developing the Centrio Tower in Cagayan de Oro; house and lot projects in Iloilo and Bacolod; and it will soon begin its first property project in Davao.
As of the first half of 2012, Avida Land has a total of 46 projects in 22 unique locations. Avida homes are all beautifully and practically designed, can be acquired through flexible payment terms, and built to provide reliable performance over time. Avida means affordable living at its best.
For more than 20 years, Avida has focused on enriching the lives of the hardworking Filipino middle-class by offering their families a home to be proud of. These are homes that thrive in a peaceful and safe community and are accessible to public transportation.
For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.ph.
Literally, that is, as the Philippine Eagle Foundation named a 12-year-old eagle under its care “Avida” after forging an agreement with high-quality property developer Avida Land Corp.
Under this memorandum of agreement signed between the two parties, Avida Land has formalized its commitment to support the foundation’s efforts to help save the Philippine eagle and its habitat.
If all goes well, “Avida” is expected to mature and be able to bear eagles of her own to help continue the line of Philippine eagle species.
While the Ayala Land subsidiary is in the business of providing quality homes to the hardworking Filipinos, Avida Land is also very much aware of the need to help provide all inhabitants of this planet a sustainable home—and that means not only the people, but all other forms of life as well.
Corporate sponsor
As such, Avida Land deemed that it was only right for the company to enter into such an agreement and serve as one of the corporate sponsors of the Philippine Eagle Foundation in a concentrated bid to protect this critically endangered species.
The Philippine eagle, according to Avida Land, is considered to date as one of the largest and most powerful eagles in the world.
The company explained: “It is also one of the rarest of all eagle species, found only in the forests of Luzon, Samar, Leyte and Mindanao. Unfortunately, the destruction of forests threatens these raptors’ existence. The Philippine eagle is critically endangered and there are only about 500 pairs left in the wild.”
Under the said agreement, Avida Land has specifically committed to support the foundation for the next three years to help breed Philippine eagles at the PEF sanctuary. The said sponsorship will also include efforts to educate the public on the importance of the Philippine eagle to Davao’s ecosystem and to the country’s national heritage.
“Avida Land’s contribution will be spent on the care, maintenance and monitoring of nests of eagle chicks in the wild, including their daily feeding and veterinary care. Part of it will also go to other support programs of the PEF,” the company said.
“Avida’s partnership with the PEF is part of our overall commitment for sustainable development wherever there is an Avida property,” it added.
Sustainability practice by its parent company, Ayala Land, means building communities that meet the needs of customers; create benefits that last through generations; and, offer environment-friendly products and design that uplift the lives of people in and around them.
For Ayala Land, the ultimate end of sustainability is nation-building. As such, the company ensures that sustainability is integrated into everything it does: from the choice and acquisition of land, to how it master plans communities and townships; to the design and construction of its properties.
Similarly, Avida Land claims that all its developments are also master planned to ensure that these structures are sustainable, energy-efficient and environmentally sound.
Commitment
And as Avida Land expands its reach in the Visayas and Mindanao, it has committed to continue its pursuit of sustainability for all its property developments. Avida has already sold out its Avida Towers Cebu while Avida Towers Riala, also in Cebu, was recently launched.
Currently, Avida is developing the Centrio Tower in Cagayan de Oro; house and lot projects in Iloilo and Bacolod; and it will soon begin its first property project in Davao.
As of the first half of 2012, Avida Land has a total of 46 projects in 22 unique locations. Avida homes are all beautifully and practically designed, can be acquired through flexible payment terms, and built to provide reliable performance over time. Avida means affordable living at its best.
For more than 20 years, Avida has focused on enriching the lives of the hardworking Filipino middle-class by offering their families a home to be proud of. These are homes that thrive in a peaceful and safe community and are accessible to public transportation.
For latest update on real estate development and its RA 9646, the Real Estate Service Act of 2009, visit www.ra9646.com.ph.
Philippines' Ayala to build new business district
AFP - The real estate arm of Philippine conglomerate Ayala Corp. said Tuesday
it planned to create another major business district in Manila after
casting the highest bid for a government property.
Ayala Land offered 24.33 billion pesos ($579 million), more than two other real estate firms, for the Food Terminal industrial estate, the company and government officials said.
The 74-hectare (183-acre) property is located near major government highways and will become "the southern gateway" to Manila, Ayala Land said.
The company will develop the area in a manner similar to the upscale housing, office, hotel and shopping mall projects it has set up in other parts of the capital and across the country, Ayala Land spokesman Jorge Marco said.
"It's going to be another business district and it will have all our product lines: residential, retail, office and hotels," he said.
Ayala Land's bid exceeded the floor price of 10.2 billion pesos for the property, said Melinda Cortez, marketing chief of the government's privatisation office.
She described it as the biggest government privatisation effort in years.
However the government's economic ministers must still study the bid for 60 days to see if it meets all financial and legal qualifications before declaring Ayala Land the winner, Cortez added.
The estate, formerly a major government food processing facility, is now an industrial estate where warehouses, offices and stores are already operating.
The Philippine government tried to sell off the facility in 2009 but failed to attract enough bidders.
Ayala Land offered 24.33 billion pesos ($579 million), more than two other real estate firms, for the Food Terminal industrial estate, the company and government officials said.
The 74-hectare (183-acre) property is located near major government highways and will become "the southern gateway" to Manila, Ayala Land said.
The company will develop the area in a manner similar to the upscale housing, office, hotel and shopping mall projects it has set up in other parts of the capital and across the country, Ayala Land spokesman Jorge Marco said.
"It's going to be another business district and it will have all our product lines: residential, retail, office and hotels," he said.
Ayala Land's bid exceeded the floor price of 10.2 billion pesos for the property, said Melinda Cortez, marketing chief of the government's privatisation office.
She described it as the biggest government privatisation effort in years.
However the government's economic ministers must still study the bid for 60 days to see if it meets all financial and legal qualifications before declaring Ayala Land the winner, Cortez added.
The estate, formerly a major government food processing facility, is now an industrial estate where warehouses, offices and stores are already operating.
The Philippine government tried to sell off the facility in 2009 but failed to attract enough bidders.
For more details on Ayala Land's projects, you may e-mail reby_ramirez@yahoo.com or contact her at 0922.883.9308
/ 0916.4044.555 / 0919.699.3572 / 4044-534.
For latest update on real estate
development and its RA 9646, the Real Estate Service Act of 2009, visit
www.ra9646.com.
Wednesday, August 8, 2012
ALI raises 2012 budget by P10 billion
The Philippine Star - Property giant Ayala Land Inc.
(ALI) is setting aside an additional P10 billion on top of the original
2012 budget of P37 billion, according to a top company official.
ALI president Antonino Aquino said the additional P10 billion, which
will be funded by proceeds from its recent P13.6-billion top-up equity
placement and P15-billion bond issue, will largely go to the company’s
aggressive landbanking activities.
The company has set aside P36 billion over next two to three years to beef up its landbank to ensure continued growth. The company wants to double its landbank in the next five years from the current 4,000 hectares.
The additional amount also includes ALI’s projected investment this year for its strategic alliance with the Ortigas Group led by Ignacio R. Ortigas.
This ramps up ALI’s total capital spending to a record P47 billion this year as it aims to sustain its high growth trajectory in the long term.
ALI, through its five residential brands, aims to have significant presence in each key city in Metro Manila and replicate the success of its huge master-planned projects in all parts of the country.
ALI serves the high end market through Ayala Land Premier while it also serves the middle-income, affordable and economic housing segments through Alveo Land and Avida Land, respectively. Last year, it branched out into the socialized housing segment via BellaVita.
For this year, ALI is launching 67 new projects with an unprecedented potential sales value of around P90 billion.
Bulk of the new developments will comprise 50 residential projects, equivalent to about 25,000 units across its five brands, to cater to the different segments of the local economic pyramid or 25 percent more than the 20,000 units rolled out in 2010.
ALI plans to penetrate new areas like Cavite, Bulacan, Rizal, Pampanga and major cities in Visayas and Mindanao.
In its commercial leasing business, the group intends to duplicate this strategy of geographic expansion, product diversification and market broadening as it aims to double its gross leasable area by 2014.
It will open three malls this year, including the first phase of the Ayala Center redevelopment, Harbourpoint in Subic and the Centrio mall in Davao.
ALI launched a total of 141,000 sqm of shopping center gross leasable area (GLA) last year, including the expansion of Ayala Center Cebu, renovation of San Antonio PlazaArcade in Makati, the retail component of Ayala Northpoint Technohub in Negros Occidental , Fairview Terraces in Quezon City and The District along Daang Hari in Cavite – which are expected to come on stream in the next couple of years.
It also has in the pipeline some 365,000 sqm of commercial leasing GLA for both office and shopping centers and two more Kukun hotels.
The company has set aside P36 billion over next two to three years to beef up its landbank to ensure continued growth. The company wants to double its landbank in the next five years from the current 4,000 hectares.
The additional amount also includes ALI’s projected investment this year for its strategic alliance with the Ortigas Group led by Ignacio R. Ortigas.
This ramps up ALI’s total capital spending to a record P47 billion this year as it aims to sustain its high growth trajectory in the long term.
ALI, through its five residential brands, aims to have significant presence in each key city in Metro Manila and replicate the success of its huge master-planned projects in all parts of the country.
ALI serves the high end market through Ayala Land Premier while it also serves the middle-income, affordable and economic housing segments through Alveo Land and Avida Land, respectively. Last year, it branched out into the socialized housing segment via BellaVita.
For this year, ALI is launching 67 new projects with an unprecedented potential sales value of around P90 billion.
Bulk of the new developments will comprise 50 residential projects, equivalent to about 25,000 units across its five brands, to cater to the different segments of the local economic pyramid or 25 percent more than the 20,000 units rolled out in 2010.
ALI plans to penetrate new areas like Cavite, Bulacan, Rizal, Pampanga and major cities in Visayas and Mindanao.
In its commercial leasing business, the group intends to duplicate this strategy of geographic expansion, product diversification and market broadening as it aims to double its gross leasable area by 2014.
It will open three malls this year, including the first phase of the Ayala Center redevelopment, Harbourpoint in Subic and the Centrio mall in Davao.
ALI launched a total of 141,000 sqm of shopping center gross leasable area (GLA) last year, including the expansion of Ayala Center Cebu, renovation of San Antonio PlazaArcade in Makati, the retail component of Ayala Northpoint Technohub in Negros Occidental , Fairview Terraces in Quezon City and The District along Daang Hari in Cavite – which are expected to come on stream in the next couple of years.
It also has in the pipeline some 365,000 sqm of commercial leasing GLA for both office and shopping centers and two more Kukun hotels.
For latest update on real estate
development and its RA 9646, the Real Estate Service Act of 2009, visit
www.ra9646.com.
Monday, August 6, 2012
Ayala Land to hike capex by P10 billion
Businessworld - LISTED DEVELOPER Ayala Land, Inc. plans to add
P10 billion to its capital expenditure for 2012, which was earlier
pegged at P37 billion as it looks to buy more lots and bankroll a
“strategic” partnership with the Ortigas family.
“The company expects to spend an additional P10 billion on unbudgeted property acquisitions until yearend, which will ensure the pipeline of value-accretive projects beyond the current five-year plan,” Ayala Land said in its latest financial statement.
For 2012, the developer had allotted a record P37 billion capex to fund around 67 new projects with an estimated sales value of P90 billion, as well as for the acquisition of new properties moving forward, earlier reports stated.
Ayala Land then went on to raise P13.6 billion in paid-up capital via the placement of 680 million common shares priced at P20 apiece, and the issuance of an equal number of similarly-priced new shares.
“The P13.6-billion overnight equity top-up placement we just did is intended to finance this additional unbudgeted capex, which is primarily earmarked for additional land banking,” Jaime E. Ysmael, Ayala Land chief finance officer, told BusinessWorld in a text message Saturday.
Further, the additional budget allocation may also be used to bankroll Ayala Land’s proposed tie-up with the Ortigas family’s holding company, which in turn holds vast tracts of land in Metro Manila.
“Part of this capex has been allocated for the Ortigas alliance,” Mr. Ysmael added.
Shares of Ayala Land rose by 1.34% to close at P22.70 each yesterday.
“The company expects to spend an additional P10 billion on unbudgeted property acquisitions until yearend, which will ensure the pipeline of value-accretive projects beyond the current five-year plan,” Ayala Land said in its latest financial statement.
For 2012, the developer had allotted a record P37 billion capex to fund around 67 new projects with an estimated sales value of P90 billion, as well as for the acquisition of new properties moving forward, earlier reports stated.
Ayala Land then went on to raise P13.6 billion in paid-up capital via the placement of 680 million common shares priced at P20 apiece, and the issuance of an equal number of similarly-priced new shares.
“The P13.6-billion overnight equity top-up placement we just did is intended to finance this additional unbudgeted capex, which is primarily earmarked for additional land banking,” Jaime E. Ysmael, Ayala Land chief finance officer, told BusinessWorld in a text message Saturday.
Further, the additional budget allocation may also be used to bankroll Ayala Land’s proposed tie-up with the Ortigas family’s holding company, which in turn holds vast tracts of land in Metro Manila.
“Part of this capex has been allocated for the Ortigas alliance,” Mr. Ysmael added.
Shares of Ayala Land rose by 1.34% to close at P22.70 each yesterday.
For latest update on real estate
development and its RA 9646, the Real Estate Service Act of 2009, visit
www.ra9646.com.
Friday, August 3, 2012
Modern housing: Condominiums
Philippine Daily Inquirer - 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: Malaya, 05 September 2010
For details on the Real Estate Service Act visit www.ra9646.com
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: Malaya, 05 September 2010
For details on the Real Estate Service Act visit www.ra9646.com
Madera Grove Estates: High-quality home developer conquers ‘First Republic’
THE CENTRALIZED amenity area can be used for social gatherings and recreational activities.
Few towns in the Philippines can perhaps compare to the rich, significant historical milestones that the City of Malolos in Bulacan has been known for.
Malolos in 1898 played host to the constitutional convention that allowed Filipinos to establish the First Philippine Republic, reportedly also the first to be put up in Asia. And for a year, Malolos rightfully served as the capital of what history books would dub as the “short-lived republic.”
Fast forward to today, the now bustling City of Malolos has again paved the way for another first—this time, for property giant Ayala Land Inc.
First residential project
Through Avida Land Corp., Ayala Land has recently launched its first residential project in Bulacan in a bid to bring its brand of high-quality living in this part of the country.
Strategically located in Barangay Dakila in Malolos City, Avida’s 12-hectare development known as Madera Grove Estates will provide future residents the luxury of enjoying large cut lots and elegantly designed homes that are the first of their kind in Bulacan.
“It was no easy feat for us to finally get and acquire the perfect site for the first Avida Land development in Bulacan,” Avida Land president Christopher B. Maglanoc shared in a recent interview.
According to Maglanoc, it took them five years to find the perfect site, stressing that the company wanted to ensure that their first project in Bulacan will be ideally located, abide by the five pillars that Avida Land is looking for and will coincide with their vision to provide every hardworking Filipino affordable, quality home that he/she deserves. These five pillars, or the so-called “five must-haves,” would be accessible location, design, quality, buying experience and living experience.
Right conditions
MADERA Grove will offer large cut lots and elegantly designed homes.
A master-planned, modern community, Madera Grove Estates offers future residents the chance to taste the kind of lifestyle that thrives on exclusivity coupled with sensible amenities and high living standards.
For one, Madera Grove Estates is directly accessible from the MacArthur Highway and is near schools, churches, the Malolos City Hall, and commercial and business establishments. Its ideal location makes it far enough from the pollution and stressful routines of highly urbanized areas, yet still close enough for easy access to Metro Manila.
Future residents of Madera Grove Estates will also find a place for privacy amid green open spaces and trees that will be protected by 24-hour roving security and perimeter fence—allowing Bulakenyos to have a taste of the exclusive lifestyle without having to leave one’s hometown.
Residents are further assured of a worry-free stay as Madera Grove Estates is said to be flood-free and has ample supply of clean water at any given time of the day.
Meanwhile, its centralized amenity area which can be used for social gatherings and recreational activities is seen to foster a sense of community.
Avida Land also stays true to the reputation of all Ayala Land properties in its development of the Madera Grove Estates, which will offer well-constructed and durable homes that will have an attractive, contemporary design.
Available units
There are 366 units available for purchase, including lots only and house and lot units. Future residents may choose from four house types—the Alder, Birch, Cedar and Dane. Beauty and reliability are integrated in these masterful house designs, with floor area ranging from 69 to 117 square meters. Lot size ranges from 122 to 371 square meters.
Each unit is also entitled to a one-year workmanship warranty.
Madera Grove Estates will be managed by the renowned Ayala Property Management Corp. to ensure residents’ standard of living.
Best value for money
Avida claims that the Madera Grove Estates can provide the best value for money and is perfect for long-time Bulacan residents wishing to upgrade their lifestyle.
Professionals working in Northern Metro Manila will also find it ideal to take up residence at Madera Grove Estates, which is envisioned to become a spacious and peaceful community.
As with all Avida properties, Madera Grove Estates is indeed a good choice for those seeking to make a wise, sound investment.
For more details on Madera Grove Estates, you may e-mail reby_ramirez@yahoo.com or contact her at 0922.883.9308
/ 0916.4044.555 / 0919.699.3572 / 4044-534.
For latest update on real estate
development and its RA 9646, the Real Estate Service Act of 2009, visit
www.ra9646.com.
ALI combines greens in cityscapes
Malaya - Ayala Land Inc. (ALI) is one of those city developers worldwide that are starting to find innovative ways to subtly include greens in cityscapes.
ALI is fervent in making a huge difference when it comes to urban master-planning that seamlessly integrates lush breathing spaces in cityscapes.
However, Antonino Aquino, president of Ayala Land and chairman of Cebu Holdings, Inc., said integrating parks in an urban masterplan can somehow become a challenge in the Philippine setting since the country’s landscape isn’t as expansive as the environs of the cities abroad.
“However, with ALI’s proven track record and unrivaled leadership in bringing large scale, mixed-use districts, some of the urban hubs in the Philippines may eventually become at par with the known city centers across the globe,” Aquino said. “The company has remarkably gone beyond the usual city facets like concrete and towering structures, and one of the solid testaments to this effort is our latest project with Cebu Holdings Inc.-the Cebu Park District.”
ALI takes into account the importance of priming Cebu Park District (CPD). This includes its regional potential, as well as how it would function, sustain, and balance live-work-play aspects for the coming years.
To date, CPD is the unifying address that mirrors the synergy of Cebu’s most prominent business squares-Cebu Business Park and Cebu I.T. Park.
Beyond being known as a home to the growing number of BPO conglomerates in Cebu and the iconic leisure and lifestyle destination Ayala Center Cebu, these areas also reflect ALI and CHI’s aggressive endeavors in the region. These places are also known for housing some of the company’s major residential projects. Recently, Ayala Land Premier launched the Park Point Residences-the first residential tower that will rise within Ayala Center. Meanwhile, Alveo Land is also bringing its residential innovations to the district by introducing Solinea and Sedona Park. Avida, also one of ALI’s notable residential arms, just introduced its multi-tower development within CPD.
Given that CPD is emerging as a major business, leisure, and residential district in Cebu, Aquino notes that its overall masterplan is balanced by the verdant parks that dot its 50-hectare showcase.
“People intuitively know the importance of nature and green spaces as these help one achieve peace of mind,” Aquino said. “Hence, Cebu Park District is littered with parks, where people can experience a relaxing space of lush greens right outside their offices or residences. So, while other urban dwellers must put up with the mental fatigue caused by work, traffic congestion or pollution, people who live, work, and thrive within this district enjoy places where they can refresh their minds and bodies every once in a while.”
For more details on Ayala Land
projects, you may e-mail reby_ramirez@yahoo.com or contact her at 0922.883.9308
/ 0916.4044.555 / 0919.699.3572 / 4044-534.
For latest update on real estate
development and its RA 9646, the Real Estate Service Act of 2009, visit
www.ra9646.com.
Ayala Land 2Q Net Profit up 25% at PHP2.19 Billion
Fox Business - Ayala Land Inc.'s (ALI.PH) second-quarter net profit rose 25% from the
year-earlier period as earnings at the Philippines' largest property
developer by sales and market capitalization continued to be boosted by
the buoyant real-estate market, it said Friday.
Ayala Land's net profit in the April-June quarter increased to 2.19 billion pesos ($52.4 million) from PHP1.76 billion. Second-quarter revenue rose 18% to PHP12.63 billion mainly on double-digit growth in real-estate sales.
First-half net profit rose 28% to PHP4.33 billion from PHP3.38 billion compared with the same period of 2011 and revenue increased to PHP25.02 billion from PHP21.25 billion.
The company said revenue from residential projects was up 24% in the first six months to PHP13.95 billion while sales of commercial and industrial lots gained 29% to PHP1.35 billion.
Ayala Land's net profit in the April-June quarter increased to 2.19 billion pesos ($52.4 million) from PHP1.76 billion. Second-quarter revenue rose 18% to PHP12.63 billion mainly on double-digit growth in real-estate sales.
First-half net profit rose 28% to PHP4.33 billion from PHP3.38 billion compared with the same period of 2011 and revenue increased to PHP25.02 billion from PHP21.25 billion.
The company said revenue from residential projects was up 24% in the first six months to PHP13.95 billion while sales of commercial and industrial lots gained 29% to PHP1.35 billion.
For more details on Ayala projects, you may e-mail reby_ramirez@yahoo.com or contact her at 0922.883.9308
/ 0916.4044.555 / 0919.699.3572 / 4044-534.
For latest update on real estate
development and its RA 9646, the Real Estate Service Act of 2009, visit
www.ra9646.com
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