Category Archives: Real Estate News

Anvaya Cove is One of the World’s Greenest Resorts

anvaya cove

It’s good to know that our real estate developers care about our environment and place a lot of importance on sustainability and wildlife preservation. Ayala Land Premiere’s latest development, the high-end beach and country club
Anvaya Cove, has been recognized by New York-based Hospitality Design Magazine as one of the most sustainable real estate projects in the world. The coveted HD Awards program receives over 300 entries from luxury hotels, resorts, and spas, and Anvaya Cove, with its Asian tropical architecture, was chosen as a finalist in the Green/Sustainable project category.

According to the resort’s senior architect Manny Illana, the planning of Anvaya Cove was centered around sustainable environmental principles, with protecting the physical environment of the site as top priority. Roadways were designed to avoid mature trees, lighting fixtures were chosen so that the wildlife doesn’t get disoriented, and amenities were created so its guests and residents can enjoy the natural beauty of the place while promoting conservation. The resort was built in a forested foothill filled with mango and narra trees, but the developers left the natural groves of trees untouched, even though it could have brought them more lease opportunities. In fact, Ayala built a 10,000 sqm Mango Grove Park in order to protect the tall, 50-year old mango trees. They also took efforts to preserve an area where eagle owls and sea turtles nest, and an elevated pond in a secluded cove has been declared a sanctuary of local mallard ducks.

Lots are selling for as low as P3.8M, and townhouse type units are selling for P16M. For more information, contact Antonio P Reyes at (0918) 333-35-75, (0916) 675-36-89, or through his US phone number via VoiP at (317) 493-5744.

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Philippine Real Estate Festival 2009

Despite the global financial crisis, the country’s real estate sector has remained resilient and stable, and there’s no better time to invest in Philippine real estate than now. This is the thrust of the 2009 Philippine Real Estate Festival happening this weekend, July 23 to July 25, 2009 at the World Trade Center in Pasay City. Over 200 real estate developers, contractors, lending institutions, and professionals will be present to provide investors and first-time buyers with opportunities to choose from a variety of properties. With the help of experts and real estate professionals, potential buyers and investors can see why the Philippines is a smart choice for global and local investors.

Participating in the Philippine Real Estate Festival are the country’s leading developers like Ayala Land, Robinsons Land Corp, SM Development Corp, Sta. Lucia, Highlands Prime, Filinvest, Fil-Estate, DMCI, Syntech Properties, Megaworld, Nuvo Land, Shang Properties, and Vista Land. Besides seeing what these developers have to offer, there are also two panel discussions on the theme “Property tourism: Why should smart global investors take a look at the Philippines.” Moderating the panel discussions are former National economic and Development Authority director Cielito Habito and Biznews Asia editor-in-cheif Antonio Lopez. Besides learning from the experts, the panel discussions are also a great way to network with big names from the business and finance, like Philippine Chamber of Commerce and Industry President Edgardo Lacson, Federation of Filipino-Chinese Chamber of Commerce and Industry President Alfonso Uy, Federation of Indian Chambers of Commerce Philippines President Ram Sitaldas, and United States Ambassador Kristie Kenney.

The Philippine Real Estate Festival 2009 kicks off at 10:30 am on June 23 with opening remarks from the chairman Ms Rosemarie Basa, and a speech from guest of honor President Gloria Macapagal-Arroyo. For more information, check out the website of the Philippine Real Estate Festival at http://www.prefestival.com.

Subdivision and Housing Developers Association, Inc

I had a chance to understand more of the Subdivision and Housing Developers Association, Inc (SHDA) and of their past and present accomplishments. Their byline “One Voice nad One Organization Uniting all Housing Developers (Horizontal & Vertical) Nationwide” is very assuring. It is heartening to know that a group is working out ways to help out the real estate industry in the Philippines. Despite the slow down of economic growth globally, low-cost housing is still in demand which is up to the 3 million peso range. The market is made up mainly of our overseas filipino workers.

One of its noble mission is to produce 400,000 affordable and decent housing units annually which most of our countrymen need. Aside from this, I also believe that a good mortgage package needs to be in place.

SHDA played the lead role in advicing Housing and Urban Development Coordinating Council (HUDCC) Chair Noli de Castro to reduce interest rates on housing loans in 2006, the extension of repayment terms to a maximum of 30 years; and an increase in the loan-to-value ratio of the housing unit used as a collateral. There are also proposed bills which are being monitored such as Senate Bill Nos. 37/422 “An Act Establish a Socialized and Low-Cost Housing Loan Restructuring Program” which has been enacted into a law last month. There are other pending bills and it is reassuring to know that soon, some of our countrymen will be able to afford to purchase their own homes.

For more information on SHDA, contact them at +632-893-4328 or [email protected]

BPI Family Bank has Low Lending Rates for Ayala Properties

On May 30 and 31, 2009, Ayala Land Inc and BPI Family Savings bank will be showcasing prime properties and low borrowing rates at the Glorietta 5 Mall, Makati. In this two-day affair, anyone who wants to acquire properties from Avida, Alveo, and Ayala Land Premiere can easily do so through the low lending rates of BPI Family Bank.

BPI Family Bank’s Build Your Dream housing loan has the lowest rates in the market. Applicants with a minimum of P40,000 gross monthly income can qualify for a housing loan, giving people from diverse demographics the chance to buy their own home.

BPI Family Savings Bank is a subsidiary of the Bank of the Philippine Islands, one of the Philippines’ top commercial banks. They offer a number of loan and savings products while Ayala Land is the country’s leading real estate developer, with eight decades of real estate experience.

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Aviva Home

As many of Britain’s population become “asset-rich” but “cash-poor”, many people are turning to Aviva Life – Equity Release options to pave the way to greater financial freedom. With their award-winning products, over 100,000 people have used Aviva Home plans to retire comfortably, with few financial worries.

Aviva has been providing equity release for over 12 years, using lifetime mortgages. These are long-term loans where you receive a certain amount of money based on your property’s value while you continue to own and live in your home.  The beauty of the lifetime mortgage is that you don’t have to make any monthly payments while the loan is active. The amount you receive and the interest you accrue will be repaid when your property is sold after you pass away or go into long-term care.
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Luxury Houses in the Philippines is a Strong Market

The world financial crisis is expected to affect the Philippines in 2009 but despite the recession, luxury housing remains a strong market in the Philippines. The demand for high-end properties within Metro Manila, its suburbs, and the provinces stays strong and resilient. This is because property values in the luxury segment of real estate are very limited. Although there have been new projects launched in 2008 to take advantage of the market, the supply is still not enough to satisfy demand.

One of the newer projects is the Raffles Residences in Makati. This development by Kingdom Hotel Investments is worth US $153 million and includes a 30-suite Raffles Hotel, a 300-room Fairmont Hotel, and 200 luxury apartments. It’s still in pre-construction, but already the Raffles Residences reached a record high for sales.

Now is the best time to invest in luxury housing in the Philippines because the property values will start leveling mid-2009. Remember that property transactions take a lot of time to pull through, and it would be a good idea to start doing research on great buys in the market.

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