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Manila BAY - Will it become the Tourist & Financial Center?


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#1 DrBubb

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Posted 20 March 2017 - 11:46 AM

Manila BAY - Will it become the Tourist & Financial Center?

 

Some think so - But various embedded interests will not make an easy transition.

And some new plans may be too ambitious... new visions keep getting announced, while the market waits to see how M-Bay will absorb a +188%

growth in Condos other the next 3-4 years

 

Manila Bay's Entertainment City / MOA already has casinos and projects racing towards completion - and some want to add more, like Solar City

 

The Future City Masterplan of Mall of Asia Complex and Manila Bay

 

ASIA'S FUTURE CITIES: A fight for the sunset as opposition surrounds Manila Bay "Solar City" project

hqdefault.jpg : Solar City would stick out into Manila Bay

 

 
Manila Bay is a special place for many Manilans but new developments are still being planned

 

MANILA: Watching a red sun dip below the horizon on Manila Bay is something special for many Filipinos.

Amid a fast-developing city, it is a point of nostalgia. It embodies memory and remains a daily reflection of warmth.

 

But the future view is going to be radically different.

From the water, new land will soon be forged for an ambitious 148-hectare reclamation project that will see a metropolis rise out of the bay and tower over the former “Pearl of the Orient”.

 

solar-city-6-data.jpg : Solar City image

Solar City plans promise striking and ambitious architecture.

 

With a nod to the iconic sunset, the development named Solar City is projected as visionary, inspired, even revolutionary. Manila, the developers say, will finally have something iconic.

It promises to combine residential, tourism and business infrastructure, notably including an international cruise ship terminal, vast green space and a monorail transport system designed to improve interconnectivity with the rest of the city.

Manila currently has no dedicated finance area – with surrounding cities like Makati and Tagiug now the centres where money flows instead. Solar City aims to become a new hub for high flyers while also providing jobs to hundreds of thousands of people.


“Solar City, the way we envision it, will be a six-star development,” said Wilson Tieng, president of Manila Goldcoast Development Corporation (MGDC), the group behind the project.

“It’s been a 25 year journey for us and it’s only just starting.”

Solar City, in its various forms, has been stalled for a generation – MGDC first won the contract back in 1991 – due to various protests over environmental concerns.

But with the support of powerful figures at local and national levels of government, there appears no holding it back any further.

solar-city-2-data.jpg

Manila City Mayor Joseph Estrada, in support of the project, has said he wants to bring “untold economic benefits” to the city by tapping the billions of pesos of tax revenue expected to be raised in the coming decades. Meantime, President Rodrigo Duterte’s backing was seen as the thrust that finally gave Solar City the green light.FIshermen continue to ply their trade where the reclamation project is scheduled to imminently begin. (Photo: Jack Board)

“It shows the vision now of the new government at looking at the engines for higher growth,” said Edmundo Lim, Vice Chairman of MGDC and the man leading the push for the development since its inception.

“The 25 years have not all been wasted. Since we started this project a lot of new developments, new technologies and new ideas have come about. It could be a blessing that we were delayed so long,” he said.

solar-city-7-data.jpg

Indeed, the proposed technology fitted to the new city is slated as world best. Using Singapore as an inspiration, Solar City plans to incorporate “enviable” innovative forms of renewable energy, waste water recycling, rain water collection, waste disposal and sea protection systems.The project is forecast to be completed within ten years.

An urban aquaculture centre and growing rice terraces within the city are also parts of the vision. “We owe it to the world for all of the new technologies and the new developments from which we can step up from.” Lim said.

“We are building for the future generations, it’s not enough today to just build a city, the buildings and roads and parks.

“We have to look at the effects of global warming, the effects of bigger population, the effects of waste disposal systems, so all of this has been taken into consideration.”

Yet, despite these promises, the entire concept has attracted a consistent chorus of opposition, from environmentalists to fisher folk to urban planners.

==

> More: http://www.channelne...2.html?cid=FBia


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#2 DrBubb

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Posted 04 April 2017 - 11:12 AM

EXCERPT from the Bubble thread

========

 

I am beginning to think that the BIGGEST BUST will come in the Manila bay area (and maybe small pockets like Century city.)

Even without the extra supply of visionary projects like Solar City

 

In Manila Bay, I think you will find a conjunction of these three negative factors:

Huge incoming supply, lower quality developers offering aggressive finance, and (maybe) low quality buyers availing big balloons.

 

The Supply increases for M-Bay are pretty shocking:

-

UNITS---- : --Stock-- : Estimated completions--------- : Next3yr : + Pct. :
Location: End 2016 : -2017- + pct.  : -2018 : -2019 : End2019
BGC / Fort  : 24,275 // 8,566: +35.3% : 3,858 : 3,022 /  39,721 : + 63.6%
Makati CBD: 21,633 // 4,784: +22.1% : 1,072 : 0,598 /  28,087 : + 29.8%
Ortigas -----: 16,250 // 1,489: +9.16% : 0,782 : 0,570 /  19,091 : + 17.5%
Manila Bay:   8,864 // 5,507: +62.1% : 8,531 : 2,614 /  25,516 : + 188.%
Rockwell--- :   4,159 // 0,346: +8.32% : 0,492 : 0,269 /    5,266 : + 26.6%
=========
Top5 Areas : 75,181 / 20,694: +27.5%: 14,735: 7,073/ 117,683: + 56.5%
Other GrM. : 15,603 //  2,198: +14.1%:   0,824: 0,632 / 19,257 : + 23.4%
Gtr. Manila : 90,784 / 22,890: +25.2%: 15,559: 7,705/ 136,940: + 50.0%
 
BTW: the stock market does not seem to be buying into the Bullishness we are hearing
from property agents and the developers about higher property prices. I wonder why?

The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#3 DrBubb

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Posted 23 April 2017 - 03:50 AM

(Manila Bay developments were a "bet" on infrastructure improvements):

 

The Beginning of “The Glory Age of Infrastructure”

 

M E T R O   M A N I L A   M A R K E T V I E W -  Q3-2016 CBRE Research

New expressway connecting Terminals 1 and 2 of the Ninoy Aquino International Airport (NAIA) to the Entertainment City.

With the new expressway open to all motorists, the travel time from the airport terminals to the different hotels and casinos in the area was substantially decreased.
The new infrastructure will allegedly benefit the hospitality sector as added convenience attracts more tourist visits subsequently improving revenues of hotels in the Bay Area. Location and accessibility are two of the most important factors influencing real estate investment decisions and tourism activities.
This fact establishes the critical part that transport infrastructure plays in the determination of the next best location for property investment and development. The NAIA expressway’s lessening traffic congestion in surrounding cities will increase the desirability of investing in the southern Metro Manila area. Wanting to partake of the pie, major developers have been shifting to the Bay Area not only in terms of residential projects but commercial and office developments as well.

Aside from the high supply of land for development, lined-up infrastructure projects increase the potential of the area thus drawing real estate investments across all sectors

Ayala Land, Inc. (ALI) plans to open a new mall within the Entertainment City next year.
The said Ayala mall will have an approximate area of 600,000 square meters, making it larger than SM Mall of Asia.
Furthermore, ALI intends to develop a Business Process Outsourcing (BPO) building and a 12-storey hotel within the mall complex.
The Bay Area is at present regarded as one of the biggest contributors to the Business Process Outsourcing Boom in the Philippines.
Visa, Inc. has recently opened a new BPO hub in Bay City.

The hub occupies a 6,300-square-meter...

==

> Q3-2016 : http://www.cbre.com....Market-View.pdf

 

This video shows the excitement

 

The Future City Masterplan of Mall of Asia Complex and Manila Bay Area

Published on Aug 15, 2016

Start investing now in your own Condominium Rental Property and earn a PASSIVE income for you in years to come. We are offering very affordable units with zero interest down payment in Prime locations all over Metro Manila.


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#4 DrBubb

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Posted 23 April 2017 - 04:14 AM

Another possible (but unlikely?) dream: the Manila "Bay City of Pearl"

 

15491412_the-future-of-manila-watch-vide

 

Future of Philippines - Bay City of Manila

April 22, 2017
 

"may not happen"

 

Among the evidence that the country is developing economically is the presence of technology, high-rise establishments, advanced and modernized equipment especially in the field of medication, agriculture, labor and etc.

 

But how far this improvement will go?

A Filipino-Chinese conglomerate is said to begin an extensive reclamation project that will give rise to the “most integrated central business district” in the heart of Manila, “The New Manila Bay City of Pearl.”

Watch the video below.

If this project will push through, it would open a gateway to investors.

The project will also open lots of job opportunities particularly in marketing, construction, business, and to name a few.

While some are overwhelmed by the so-called development that the country may take, others pronounced that this might not happen.

==

> http://www.notey.com...f-pearl”.html


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#5 Euro Chocozone Buyer

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Posted 08 August 2017 - 09:44 PM

http://www.entrepren...0170807?ref=tag

 

An interesting article about the hotel 101 project in the Bay Area. (A project that I also investigated and looked into at that time)

The article mentions that resale units are now close to PHP4,000,000,

while the launch price was PHP3,100,000 I believe. Each unit is about 21 square meters I believe, so that translates into around

slightly less than PHP200,000 per square meter. For a condotel, i believe it usually costs around 10 to 15pct more than a regular condo unit.

Secondary market prices for all the SMDC units in this erea, I believe to be around PHP170,000 to PHP180,000 per square meter.

 

So this is another case where early investors did the right thing, because today buyers in the secondary market have to pay

a higher price than during the launch phase.



#6 Euro Chocozone Buyer

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Posted 08 August 2017 - 10:35 PM

http://filipinohomes...ing-properties/

 

Another article about the pros and cons of buying preselling properties.

Well the early investors in this Hotel 101 project appear to have done well

but that is not always the case.

 

I would also say that the early investors in DMCI Flair/Sheridan appear to have done well,

but whether the early investors in DMCI Kai Garden will do as well remains to be seen.

They are paying PHP80,000 to close to PHP100,000 (for studio units I believe) per square meter

so for them there is (far) more risk.

 

The planting of Japanese trees on the rooftop and the addition of a Japanese style Garden in this project

does not justify a 30-40pct price increase compared with the earlier DMCI projects in that neigborhoud.



#7 DrBubb

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Posted 09 August 2017 - 05:53 AM

http://filipinohomes...ing-properties/

 

Another article about the pros and cons of buying preselling properties.

Well the early investors in this Hotel 101 project appear to have done well

but that is not always the case.

 

I would also say that the early investors in DMCI Flair/Sheridan appear to have done well,

but whether the early investors in DMCI Kai Garden will do as well remains to be seen.

They are paying PHP80,000 to close to PHP100,000 (for studio units I believe) per square meter

so for them there is (far) more risk.

 

I like DMCI Flair  because of:

+ Its lower price, and

+ good location very near BONI Station on the MRT

 

Few DMCI projects are so close to public transport

 

I see Transport in the Manila Bay area being a problem, unless you work there


The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

#8 Euro Chocozone Buyer

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Posted 15 August 2017 - 05:12 PM

Peter from the Propertyclub has a new video about this Manila bay condo,

called Admiral Baysuites, -- definitely one of the landmarks over there.

He really loves the Bay Area as most of his videos are all about this area.

 



#9 Euro Chocozone Buyer

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Posted 15 August 2017 - 07:02 PM

And now I am also seeing ads for the Admiral Grandsuites, which is the neigbouring tower. (also from Anchor Land Holdings Inc)

And it is definitely not cheap, -- at about PHP155,000 per square meter -- during the launch phase. How high will it go from here?

 

https://www.olx.ph/i...ml?h=c54ceca9cc





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