For the last couple of years, Two Serendra has been one of the most desirable addresses in the Metro. And why shouldn’t it be? This development is features highly thematic and upscale aesthetics, residents will soon have a venue where family and friends can converge to pursue their interests together. Amenities cater to each resident’s diverse passions, goals and ideals. The introduction of The Meranti—the newest tower to rise within Phase 3 of Two Serendra—perfectly complements the tenets of one of the most innovative and pioneering developments under Alveo Land’s portfolio.
Recently earning approximately 700 million during The Meranti’s priority selling, the project is Two Serendra’s newest high-rise development in the thriving retail, business and lifestyle epicenter.
Happy Chinese new year! According to feng shui experts, the Year of the Metal Tiger is a good year for the real estate industry. The earth will be the governing force of 2010, and real estate’s close association with the ground makes it off to a good start this year.
Non-feng shui experts also have favorable business forecasts for the year 2010. The Philippine real estate industry was fairly resilient in the face of the global financial crisis, and a number of developers boosted their budgets and launched a number of developments this year – many of them high end. For instance, Metrobank Group of Companies’ property arm will be constructing projects such as the third and fourth sector of the Marquinton Garden Terraces in Marikina, three more high-rise buildings in Binondo, Makati, and Fort Bonifacio. Eton Properties will be launching four to five new projects this year, including the Centris condominium, 8 Adriatico, and Eton Tower City. Finally, Robinsons’ Land Corp has the Signa Designer Residences in its lineup as well as affordable units at Gateway Regency.
Over the next four years, over 5,000 residential condo units will be completed in the Makati Central Business District. Outside this, around 20,000 condominium units will be available for selling and occupancy. With so many options and so many affordable payment schemes available, now is definitely a good time to invest in your own condominium!
2009 was a year of calamities and the usual political turmoil, but the Philippines’ real estate sector remained resilient despite the financial crisis and developers continued to start new projects as a response to the market’s increasing demand. In fact, chairman of CB Richard Ellis (CBRE) Philippines Rick Santos says that most Philippine real estate companies remained profitable during the first three quarters of 2009, with SM Prime Holdings and SM Development Corp being the biggest players of the year. The latter group is SM group’s middle income residential condominium development, which reported a 1.3 billion net income during the first nine months of 2009. Other active players include Ortigas & Co. Phinma Properties, Rockwell Land, and Greenfield Development DMCI Homes.
The passage of the Philippines REIT Act of 2009 sees the accelerated growth of the property section as more investors come to the country for new opportunities. There are also a number of income generating assets that can be converted into real estate investment trusts, such as residential condominiums, office buildings, apartments, and tourism related facilities. As far as new business districts are concerned, CBRE Philippines vice chairman Joey Radovan says that BPO (business process outsourcing) companies are looking for cheaper office spaces. Cebu might be the next big thing in terms of the development of business districts, with major developments starting in Cebu City, Mandaue City, and Lapu-Lapu City. Ayala Land will also be developing a new IT park in Cebu City, in addition to the existing Asiatown IT Park and Cebu Business Park districts.
Nuvali, Ayala Land’s latest development in the south, will soon be selling lots in the phase Santierra. With tree-lined roads and master-planned layouts, residents of Santierra will experience an orchestrated interplay between natural and suburban living. Aside from the pride of ownership that comes from owning a beautiful home from a premiere Ayala development, there are five other reasons why you should invest in Santierra Nuvali.
Avida, the affordable housing arm of Ayala Land, offers a choice of five residential condominiums in Metro Manila and a number of residential subdivisions in six provinces. This month, however, Avida just launched a new promo for big discounts to buyers. The “Be ahead, Avina na” promo enables buyers to save as much as P35,000 when they reserve a unit. Aside from that, those who purchase property before December 25 have a chance to win a Manila-Sydney-Manila trip for three, including a two night stay and $1,000 pocket money. Second prize is a Manila-Hongkong-Manila trip for two inclusive of accommodation for two nights. Balikbayans who reserve units are entitled to additional gift cheques from Ayala Malls and still another set of Ayala Malls gift cheques upon signing a contract to purchase a unit. They simply need to present their passports.
For more information, visit avidaland.com.
Is this your first time buying a condo? Unlike a pair of heels or a stylish dress, buying property should never be done on impulse – especially if it’s your first. Of course, the first thing you should consider is the cost of the unit and the payment schemes; the affordable monthly fee is what made me decide to get a one-bedroom unit at Gateway Regency. But other than cost, there are a number of other details to look out for. Here’s what made me decide to choose mine:
Location. I don’t intend to buy or own a car, which is why accessibility to public transport is high on my list. Gateway Regency within walking distance of an MRT station, not to mention that there are many cabs that pass by the area. The development is also located on a fairly hilly neighborhood, which means that I won’t have to worry about getting trapped should another typhoon like Ondoy hit the Philippines. One other factor that made me decide to invest in Gateway Regency is that it’s in a fairly busy neighborhood – there are office buildings and a mall nearby, plus Ortigas is only at the next stop. Finally, the area is fairly secure and the reputation of the neighborhood is good.