Philippine Real Estate News - June 2017

 

hello everyone,

Here’s some select articles about Philippine Real Estate and our Economy from various newspaper correspondents that matters for your reference.  Take note that these articles when assessed actually guides us locally on what direction the economy is heading, what kind of issues our government is going through and generally, and how this affects our daily businesses and and particularly, the real estate market.

here's an article from businessworld.com.pn from correspondent,  Catherine Pillas :

 

Multinational enterprises (MNEs) regarded the Philippines as one of their most-favored investment destinations in the Asean region this year, according to the latest report of the United Nations Conference on Trade and Development (Unctad).

In its report, titled “World Investment Report 2017”, the Unctad surveyed executives regarding their top-15 host-economies. The Philippines emerged as the second most-favored destination for foreign direct investments (FDI) in Southeast Asia, and the 10th overall. The Philippines emerged as the top performer in Southeast Asia last year, when it recorded a 60-percent growth in FDI inflows. The country bucked the trend in 2016, as combined inflows to developing Asia contracted by 15 percent to $443 billion and by 20 percent in Southeast Asia.

“The Philippines—the third-largest recipient in the subregion—increased by more than 60 percent to a new high of $8 billion in 2016,” the report read.

In contrast, Singapore’s FDI inflows declined by 13 percent to $62 billion, and Malaysia, by 11 percent to $10 billion, due to economic uncertainties.

Echoing the optimism of Philippine officials concerning the FDI haul this year, the Unctad report is bullish on the investment prospects for South Asia and Southeast Asia this year.

The Philippines, along with Bangladesh and Nepal, are expected to receive more FDI in the following years “in line with a division of labor between more developed countries (increasingly focusing on goods with higher value added) and less developed countries (increasingly focusing on labor-intensive activities)”.

“This may continue to strengthen these countries’ positions in regional production networks. For instance, five Chinese companies plan to invest $10 billion in the aviation, downstream oil, renewable energy, iron and steel and shipbuilding industries in the Philippines,” the report read.

For the whole of developing Asia, Unctad said the region would see a 15-percent increase in FDI inflows this year.

Unctad surveyed executives of MNEs early this year. The report noted that their optimism was strongly anchored on the perceived resilience of developing Asia.

Overall, the survey revealed that the US, China  and India are the top three prospective FDI destinations.

Unctad said global FDI flows in 2017 would expand by 5 percent to almost $1.8 trillion this year, from the estimated $1.75 trillion last year. For 2018  global FDI flows are projected to go up to $1.85 trillion.

The World Investment Report monitors international business activity in a number of areas and presents the most up-to-date detailed trends and prospects on FDI at a global, regional and country level.

This year’s report investigated the impact of digital technologies on international production and the operations of multinational enterprises. The report also presents a new top 100, ranking digital multinational enterprises and their international production footprint.

here's an article from bworldonline.com correspondent, Arra B. Francia : 

 

SAN FERNANDO, PAMPANGA -- Megaworld Corp. will be developing a P30-billion township in San Fernando, Pampanga over the next ten years, its first integrated project in Central Luzon.

The 35.6-hectare Capital Town is envisioned to serve as Pampanga’s central business district with residential towers, office buildings, a mall, retail hubs, school, ampitheater, and events venues. 



The Andrew L. Tan-led property company will begin land development of what used to be the site of Pampanga Sugar Development Company this year, after acquiring the parcel of land from the Escolar family. 



It is located near the Pampanga Provincial Capitol, and is within five minutes from the North Luzon Expressway and 30 minutes from the Clark International Airport. 



“Currently we’re focusing on the infrastructure, the roadways... Public works and infrastructure will already start. This will be in place in the next two to three years,” Megaworld Pampanga First Vice-President for Sales and Marketing Eugene Em Lozano said in a press briefing in Pampanga on Thursday.



Around 25% of Capital Town will be allotted for open space, including road networks. It will have a six-lane main road called San Fernando Boulevard traversing from Capitol Boulevard all the way to Jose Abad Santos Avenue (Olongapo-Gapan Road).



Megaworld is looking to attract business process outsourcing (BPO) companies to set up shop in Capital Town. The company is targeting to have a gross floor area of 300,000 square meters for the BPO spaces alone.



“Based on initial studies, there has been a clamor for more office spaces for BPOs here in Pampanga, specifically in San Fernando... We see an opportunity here, that’s why we’re building,” Mr. Lozano said.



According to the company’s estimates, companies in BPO, transport, retail, food and construction sectors will produce around 250,000 direct and indirect jobs inside the township.



Capital Town’s so-called “crown jewel” will be six-hectare ShopHouse District, which will have low-rise, three-level shophouses with post-colonial architecture. The company will offer 98 lots, ranging from 276-680 square meters, worth P1.7 billion.



“We will be selling lots to those who want to build their businesses, and at the same time, live there. The first two lower levels may be dedicated for the business while the topmost floor may be used for their residence,” Mr. Lozano was quoted as saying in a statement released during the briefing.



While primarily designed to become a business hub, Megaworld will also be establishing a heritage museum within the estate to honor the province’s cultural heritage, according to Mr. Lozano.



“In 10 years, Pampanga will see a CBD that is not only a showcase of homegrown businesses and entrepreneurs, but also a center for local arts and culture,” he said.



For the first quarter of 2017, Megaworld’s net income went up 11% to P2.9 billion, as consolidated revenues jumped 5% to P12 billion.



Shares in Megaworld lost a centavo to close at P4.69 apiece on Thursday.

here's an article from philstar.com correspondent, Iris Gonzales : 

 

 

An evolution starts in Kawit

MANILA, Philippines - The Ayala Group is jumpstarting 2017 with the launch of a new central business district in Kawit, Cavite that is said to rival the posh CBD in Makati.

Alveo Land, a subsidiary of Ayala Land Inc., launched over the weekend the 200-hectare Evo City.

In a recent press briefing, Alveo Land president Jennylle Tupaz, said the 200-hectare Evo City — short for evolution — will be a prime business district that will be at par with the Makati Business District and other Ayala CBD

Right at the heart of the district, Alveo will have an anchor residential project, The Residences, which will offer the affluent market in and outside Cavite a unique living experience.

The company is targeting to reach sales of P7.4 billion for the new residential subdivision. 

“The Residences at Evo City will offer the ideal living experience in the South. With the seamless synergy of all the Ayala brands involved, Evo City will become a prime CBD that will drive growth and progress in Cavite. This will be an estate that delivers complete work and living experiences in a well-masterplanned and sustainable environment,” Tupaz said. 

Business ( Article MRec ), pagematch: 1, sectionmatch: 1

Evo City in Kawit, Cavite will be the next CBD of the South, and one of the most prime commercial and residential destinations in the country, she said. 

It is bordered by the Centennial Road, Kalayaan Road and the soon-to-be-developed Cavite-Laguna Expressway (Calax).

In terms of access, it can be reached through Cavitex, C5, EDSA, SLEX and NAIA Expressway. 

Future government infrastructure projects such as Calax, Cavite C5 Southlink and the Southwest Integrated Transport System will also give further entry to the estate, Tupaz said.

The Residences will be the anchor residential projects of the estate which would also include a lifestyle mall by the Ayala Malls Group, a hotel by Ayala Hotels and Resorts Corp, office developments by Ayala Land Offices, and residential offerings by Alveo Land.

There will also be a private school, Tupaz said.

Furthermore, Evo City would include parks and plazas, a church, and hospital to complete the estate. In addition, other Ayala companies such as Globe Telecom and Manila Water will be lending their expertise in developing the communication and water systems.

The Residences at Evo City, meanwhile, is the first residential development in the area located in the southern portion of the district. 

It will have a main park and smaller cluster parks situated around the subdivision. There will also be a clubhouse with a lap pool, lounge pool and a children’s pool for residents to enjoy.

Phase 1 of the subdivision will offer 395 lots for sale with an average size of 326 square meters. Indicative average selling price is at P30,000/sqm, and average total contract price is P9.7 million. Turnover of The Residences at Evo City will be held in 2020.

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Thank you.

robert
Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of Taguig Real Estate Board 2016, 2017
Real Estate Broker’s Association of the Philippines
President, Greenhills Chapter 2008, 2009
Philippine Association of Real Estate Brokers 2000-2015
San Juan Mandaluyong Chapter 1998, 1999
PRC # 6569
AIPO # 000897
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robert
Robert G. Sarmiento Properties

Professional Affiliation :

Philippine Association of Real Estate Boards

Member, City of Taguig Real Estate Board 2016, 2017

Real Estate Broker’s Association of the Philippines

President, Greenhills Chapter 2008, 2009

Philippine Association of Real Estate Boards 2000-2015

San Juan Mandaluyong Chapter 1998, 1999

PRC # 6569

Lecturer’s License # 0294

02 5148481 ( direct line )

+ 632 5536051 ( trunkline )

+ 632 4781316 ( telefax )

+ 632 8561365 ( line 3 )

+ 632 8041701 ( line 4 )

+ 63 917 5364829 ( globe )

Email : roberts@surfshop.net.ph

Website : 
www.robertgsarmiento.com

Website: http://condosphil.wordpress.com

Website: www.philippinecommercialproperties.com

Website: http://philippinewarehouses.wordpress.com

Website: http://philippineoffices.wordpress.com

Website: http://philippinetownhouse.wordpress.com
 

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+ 632 5536051 ( trunkline )
+ 632 4781316 ( telefax )
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