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DATA : Peso // Makati Property Price Data, News & Comments

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Baguio City, Philippines

 

baguioCity.jpg

 

> Why Baguio? : http://baguiohouses.com/baguiohouses/index.php/why-baguio

 

Historically, Baguio has been a healing place for American soldiers during the early 1900s. It was always preferred by Generals who had to choose between other cities in Asia. The city until today has its hot springs, healing spas, parks, the cold weather and clean streets. It still serves as a healing place, but also to every Filipino.

Baguio City is also the burgeoning educational and business center of Northern Luzon. Students come in Baguio from all over the Philippines (i.e. Korea and Africa) to study. Students , especially foreign ones, are particularly fond of the similar climate they have where they came from.

 

CITY-- : Above Sealevel- feet
=======
Baguio City: 1472m / 4,828 ft
Clark Int'l -- : 155m / 0,508 ft
Quezon City : 048m / 0,158 ft
Manila ------ : 008m / 0,026 ft
Makati ------ : 024m / 0,080 ft

Shaw St ---- : 047m / 0,156 ft

Ft Bonifacio : 029m / 0,095 ft
Nuvali------- : 101m / 0,332 ft
Cebu ------- : 034m / 0,113 ft
Davao ------ : 195m / 0,641 ft

 

Baguio City, Philippines

=

=

 

LINKS:

=====

Baguio 1st Impressions : http://www.expatforum.com/expats/philippines-expat-forum/419065-baguio-first-impressions.html

Baguio Restaurants---- : http://www.lonelyplanet.com/philippines/north-luzon/baguio/restaurants

Ben Camp Museum ---- : http://www.bencabmuseum.org/

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Home on the Range - article about the Philippines Art Fair ... photo-2013
Phil-Art_zpsf4361347.jpg : source
John Batten - SCMP, March 9, 2014 / exhibit began 22 Feb at Ayala Museum
Art Fair Philippines could teach Philippines how to nurture its own artists
+ Manila's large middle class, and some wealthy philanthropists support a variety of private museums
+ The City is a lucrative art market
+ Christies was prominent at the fair
+ In the Philippines, there is a wave of enthusiasm for domestic art
+ Many young Filipinos can make a decent living selling their work
+ Older artists are being rediscovered (such as Jaime de Guzman)
+ The "opague customs regulations" in Phil., make it difficult to import art
Art-Fair-Philippine-Art-Awards1.jpg
Attendance at the Fair (held in Manila: Feb. 22-23) was up 40%
And 10,000 attendees visited 29 exhibitions, and 7 installations
The fair was spread around the Makati CBD
Some artists / venues mentioned:
+ Kawayan de Guia's "massive" Bomba
+ Louie Cordero's Pong on Earth, spray-painted ping pong tables
+ Mo Space revived last year's favorite: I, Object, and MM Yu's Variable series
03-Art+Fair+Philippines+2013+%2815%29.jp
Art Fair is riding a wave of interest in Art, sweeping Southeast Asia.
HK should embrace this enthusiasm, and reach out to neighbors

Top 10 Art Galleries in Manila

=====

1 . Silverlens Gallery/SLAB/20Square - BGC

2 . The Drawing Room : http://www.drawingroomgallery.com - N.Makati

3 . MO Space : http://www.mo-space.net - BGC

4 . Avellana Art Gallery : http://www.facebook.com/pages/AVELLANA-ART-GALLERY/150699800364 - Pasay City

5 . Art Informal : http://www.artinformal.com - Mandal.City

6 . Finale Art File : http://www.finaleartfile.com - Ortigas

7 . Pablo : http://www.pablogalleries.com - BGC

8 . West Gallery : http://www.westgallery.org - Quezon City

9 . Blanc Peninsula Manila : http://www.blanc.ph - Quezon City

10. Tin-Aw Art Gallery : http://www.tin-aw.com/ - Makai

10. Manila Contemporary : http://www.manilacontemporary.com - ???

10. Galleria Duemila : http://www.galleriaduemila.com - Pasay City

13. Vinyl on Vinyl Gallery : ??? - Makati

 

=====

> http://www.spot.ph/gallery/863/top-10-art-galleries-in-manila/article/47580#photo-1-1

Locations : https://foursquare.com/artit_asia/list/art-venues-in-the-philippines

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Phiippines Peso (PHP) and Stock Index (PSEC)

 

usdPHP ... update / Apr.23rd:

 

PHP_zpsefceddb4.gif

 

$PSEC ... PH:PSEC : PH:TEL : PH:MER : PH:MWC :

 

PSE_zps09b7c45b.gif

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(received by email):

 

Property price increase
Residential property prices in Makati CBD, Bonifacio Global City and Ortigas Center are expected to rise by about 8% over the next 12 months, according to Colliers. In addition, the total housing stock in Metro Manila is expected to increase by 7,253 units by end-2013.

. . .

Total real estate loans country-wide soared by 42% to PHP546.51 billion (US$12.47 billion) in 2012 from the previous year, based on figures from theBangko Sentral ng Pilipinas (BSP), the country’s central bank. Despite the spectacular growth, the size of the mortgage market remains small at about 5.5% of GDP in 2012.

==
> http://www.globalpropertyguide.com/Asia/Philippines

 

 

House price continue to escalate in the Philippines
The Philippine property market remains vibrant, with strong economic, growth boosted by robust domestic consumption and increases in government spending. Despite the obstacles, the Philippine real estate market has been booming due to increases in remittances from overseas Filipinos, and to the dramatic growth of business-process.
==
Phili_Graph.jpg

Philippines property sector continues to accelerate
The Philippines’ property sector is expected to continue accelerating in 2014, which is seen as an unprecedented year for real estate investments in the country. The local manufacturing sector is also seen to continue to gain renewed interest from Northeast Asian firms as the country has the most cost-effective land value for industrial properties.

==

> Read more...

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Best Time to Invest In the Philippines
VIDEO
=
=
Feb. 2014 (c. 2012)
This is from the Makati Business Club
And InvestPhilippines
Doris Magsaysay Ho, President and CEO, Magsaysay Group of Companies

VIDEO

=

=

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New areas are springing up North of Makati, closer to the Pasig River, and the Guadalupe train stop

 

Here's Century City

MASTERPLAN_CENTURY_CITY.41212957_std.jpg

 

MAP-3.41213419_std.jpg

 

GramercyResidences_SkyPark.41211737_std.

Gramercy Residences / SkyPark

 

Area development plan

CentCity-DevelPlan2_zps3e4ddbe6.jpg

==

> More: source

> CC Devl- Plan : http://i273.photobucket.com/albums/jj235/jimolsen2/CentCity-DevelPlan_zpsbb3571d2.jpg

> CC-Mall article : http://www.century-properties.com/wp-content/uploads/2013/05/CCM-PR-Star-ModLiv-D3-05252013.jpg

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VIEWs : source

 

views_makati.jpg

 

views_fort.jpg

 

views_manila.jpg

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Not sure if you've seen this, but it gives an idea of the transformation that the Philippines is going through:

http://www.bloomberg.com/news/2014-03-25/san-miguel-s-ang-revives-plan-for-10-billion-manila-airport.html

 

(Excerpt added by Dr.Bubb):

 

San Miguel Corp. (SMC), the Philippineslargest company, revived plans to build an airport in Manila as the fastest-growing Southeast Asian nation attracts tourists and investors.

 

The company, which also manages Philippines Airlines Inc., will ask President Benigno Aquino in April to approve a new airport to be built at an investment of $10 billion in an 800-hectare property over a five-year period, San Miguel President Ramon Ang said in a mobile-phone message reply to questions. Ang had first proposed the airport plan in 2012.

 

The Southeast Asian nation will build new airports and expand existing infrastructure to help meet its target of 10 million foreign visitors and 56 million domestic tourists by 2016, Transportation Undersecretary Rene Limcaoco said March 20.

. . .

The transportation agency said it could expand an airport in Pampanga province and develop a new airport about half an hour from the capital, and either close or keep the existing Manila airport.

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I plan to be in the Philippines (again) in late April and will ask about the proposed new airport

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Please watch out the Philippine Travel Tax at PHP 1,620

 

... to be collected at Manila and Clark International airports.

 

This amount is NOT paid when you buy your tickets online or through a call center. I recommend that you keep some cash at the end of the trip. Try NOT to use your credit card at the airports in case someone illegally use your credit card details to buy things online without your knowledge. Well. most people are very poor in the Philippines. Unethical behaviours are expected! Hope that you agree. If not, why not experience this yourself. Well, my good friend did have his credit card being swiped twice before. He got billed a lot of money that he did not spend.

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RENEWABLE ENERGY
Philippines has 96 million people and has a plan
to be 100% renewable energy with 10 years
+ Mainly thermal
+ Windmills along the coast
+ 150,000 electric taxis (built locally)

Mark Dansie: Renewable Energy in the Philippines

Excerpt Video : 7 minutes
Full Interview - almost 2 Hours
(at 25 minutes in):
(at 1:45 mins.): he talks about the attitude of the Women in the Philippines

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The Debt of the Philippines - A positive Surprise ?

 

I have just returned from a trip to the Philippines. I have some comments to share on various matters later. But first, I want to record this item that I picked up yesterday in the Sat. May 3rd version of the Philippines Star, Business section:

 

Debt-to-GDP Ratio eases to 39.2% in '13 - pg. B-1

 

Excerpts:

===

+ From 40.6 percent in 2012

+ Down from 78.1 percent during the Asian Financial Crisis (1997) - that's a 38.9 percent fall in 16 years, or an average drop of 2.4% (of GDP) a year, an amazing record

+ The government has been redenominating debt away from foreign currencies, and it is now only 1.95 trillion PHP or 34.3 perecent of the total outstanduing debt.

+ A decrease of local govt debt from P73.4 billion to P71 billion helped the total

Compare:

+ US : 101.5 percent in 2013

+ UK : 88.1 percent in Q1-2013

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KEY TRENDS in Philippines Property continuing into 2014

 

#3:

... Popularity of transport-oriented developments (TOD), mixed-used projects or townships in or close to central business districts and akin to those we see in Singapore and Hong Kong. According to Guevarra, TODs will continue to be popular because of the shift in urbanites’ lifestyles, as people now want to live close to where they work, shop, dine out, and have a good time. Examples of such projects include up-and-coming Veritown Fort by Federal Land, Uptown Bonifacio by Megaworld, and Vertis North, Circuit Makati, and South Park District Ayala Land

 

#4 and #5:

 

4. BPO Will Spur the Growth of 24-Hour Cities
The business process outsourcing (BPO) sector, long have been a major employer in Metro Manila, will continue to drive the metropolis and the Philippines’ Next Wave Cities (Cebu, Davao, Iloilo, Bacolod, etc.) to become 24-hour urban areas. With many employees now working the night shift, support services such as restaurants and convenience stores should be available to cater to this emerging niche market. Because of these trends, public services such as traffic management and security should also be active day and night.

4.shutterstock_89915026.jpg
5. Office Real Estate Sector Will Continue to Perform Well
With the BPO sector performing well, it will continue to absorb most of the new office supply being developed. Data from the Business Process Association of the Philippines (BPAP) show that the industry will employ some 960,000 workers nationwide by the end of 2013, and this translates to approximately 2.8 million sqm of office space need.

5.shutterstock_158698997.jpg
According to Jones Lang LaSalle’s Sheila Lobien, there is no impending real estate bubble for the office space industry in the country at the moment, primarily because there is no noted oversupply due to strong demand. “Office rent has been historically stable and no illogical fluctuations are being observed that may hint of speculative actions.”
In fact, a very low vacancy rate will be seen in 2014 despite substantial amount of new space being developed over the next few years.
==

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Philippines GDP growth expected to remain high

 

PH-GDP-growth-proj_zpsb2ba4cf8.jpg

 

from Anya Investments website - with investment oppty. in Tagaytay

 

"It is well known around the world, the first resorts to succeed in emerging cities are those nearby to the wealthiest communities, who not
only work hard but who require easy getaway short retreats, to relax after a hard week’s work. Tagaytay, being just over an hour from Manila is the country’s favorite destination, with its temperate climate and natural features.
Currently however there really does not exist a high quality, luxury resort to provide overnight accommodation in the area. Anya not only
fulfills this fast emerging demand, but is positioned to be one of the top five luxury resorts to be found in the Philippines.
The Anya Product provides designs only found in the most luxurious of resorts around the world, with an extensive range of dining, wellness,
relaxation and entertainment amenities..."
TAGAYTAY HOTEL MARKET
Tagaytay City is famous for its cool weather and tourist destinations, offering great dining options and
accommodations as well as scenic views of Taal Lake and Volcano. It is one of the most popular
weekend destinations of Manila locals, as well as foreign tourists, and it is only a 1 to 1 ½ hours’ drive
from Manila.
Tourist arrivals in the provinces which cover the Tagaytay area have been rising. Batangas tourist
arrivals increased by 61.27% in 2011. Cavite meanwhile, increased by 37.79%, upping the arrivals to
1,770,500 in 2011. For Tagaytay, while a slight dip in visitors occurred in 2012, Colliers believes that the
general upward trend in visitors to the Tagaytay area will continue in the future. Tourists usually peak
during the summer months of April and May as visitors escape the heat, while a second wave is
experienced by the end of the year when overseas Filipinos take their holidays back in the country.
. . .
==

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PH Economic Freedom Ranking Jumps 8 Notches

 

Jan 14, 2014 Philippine Economic News 58 Views

The Philippines jumps to 89th in the Heritage Foundation and Wall Street Journal’s Economic Freedom index.

According to The Heritage Foundation, the Philippine economy’s high degree of resilience and the government’s legislative reforms have enhanced investment environment and incentivized broader-based private sector job growth.
“The Philippines’ economic freedom score of 60.1 [makes] it the 89th freest in the 2014 Index,” according to the report. “Its score is 1.9 points higher than [2013’s], reflecting notable improvements in investment freedom, business freedom, monetary freedom, and the control of government spending.”
In addition, the Philippines ranks 15th out of 42 countries in the Asia–Pacific region, and its overall score is just slightly below the world average, according to the report. It also added that over the 20-year history of the index, the Philippines’ economic freedom score has advanced by 5.1 points.
However, the Philippines’ improvements in seven of the 10 economic freedom indices, notably gains in trade freedom, investment freedom, and freedom from corruption, have been partially offset by deterioration in property rights.
Asia–Pacific Regional Ranking
1. Hong Kong, 90.1
2. Singapore, 89.4
3. Australia, 82.0
4. New Zealand, 81.2
5. Taiwan, 73.9
6. Japan, 72.4
7. Macau, 71.3
8. South Korea, 71.2
9. Malaysia, 69.6
10. Kazakhstan, 63.7
11. Thailand, 63.3
12. Azerbaijan, 61.3
13. Samoa, 61.1
14. Kyrgyz Republic, 61.1
15. The Philippines, 60.1
16. Sri Lanka, 60.0
17. Vanuatu, 59.5
18. Mongolia, 58.9
19. Fiji, 58.7
20. Indonesia, 58.5

Philippines%20receives%20third%20investm

 

Philippines Receives Third Investment-Grade Rating from Moodys

Oct 03, 2013 Philippine Economic News 2 Views

Country’s one-notch upgrade puts it on par with Spain and Turkey.

==

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WHAT DO HK BUYERS WANT? (when buying flats in the Philippines)

 

PropBuyer_zpsc83bf3e1.jpeg

 

We were in Manila last week, completing the contract arrangements for purchase of a new flat in the Makati area.

We have become friendly with the agent, and he asked us for :

Suggestions for how they might get more business from buyers based in Hong Kong.

Here are the bulletpoints we listed for him:

+ Monitor meetings and negotiations between HK and the Philippines to settle, and resolve the ill-feelings that may be left from of the tragic shootings of bus hostages in Aug. 2010. (Fortunately, this may be "officially" settled now, with travel restrictions now lifted,)

+ Be prepared to discuss arrangements that HK buyers may need to use to purchase properties in the Philippines. This includes banking arrangements (we are using HSBC-Philippines in our transaction), renting out properties, and eventually selling them,

+ Explain that new properties in Manila are delivered in a "less finished" state than in HK. This means that buyers will need to pay for air conditioners, white goods, etc. It would be very helpful to buyers to have a (current) estimate of likely costs for this work, together with some suggestions about whom might do the work. (Of course, prices may change somewhat by the time a new property is completed in 4-5 years time.)

+
+

+ Visit Hong Kong, and help prospective buyers with a keen interest, arrange a trip to see flats they may be interested in buying
(The agent said he plans to visit HK in June)

. . .

+ List advantages of properties which may have a particular interest to buyers in HK, because it is in a major CBD, and will therefore be easier to rent out to a good tenant
. . .

 

Having said this: I find prices in Manila attractive. A nice 1BR flat, well-located in the center of the Makati CBD might cost less than PHP 140,000 per sq meter. That's maybe HK$1.2 - 1.4 Milion for a 600+ sf Flat that would cost HK$8-10 Million or more in HK. We expect to rent out the flat for maybe an 8 -10% Gross Yield, with a Net Yield of just over half that.

 

SQUARE METER PRICES
Philippines versus Continent
=========
.Hong Kong : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx $20,680

..Singapore : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx $16,360

...........India : xxxxxxxxxxxxxxxxxxxxxxx $11,466

.........Japan : xxxxxxxxxxxxxx $7,112

........Taiwan : xxxxxxxxxxxxxx $6,932

.....Thailand : xxxxxxx $3,282

...Cambodia : xxxxxx $2,913

Philippines : xxxxxx $2,807

.....Malaysia : xxxxx $2,629

....Indonesia : xxxx $2,039

==

Sq.Meter Prices, Premier City Centre, US$

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Philppines Market Presentation - Century Properties Group
About 75% of CPG's Properties are sold outside the Philippines
To OFWs (Overseas Foreign Workers), an important market segment:
Because: :
~10% of Philippines population are OFWs who earns up to 3.2x Metro Manila salaries.
Deployment continues, and OFWs choose Metro Manila as their preferred location for housing.
Steadily increasing deployment
==
Source: Philippine Overseas Employment Administration (POEA)

 

 

Domestic housing more affordable for OFWs with higher incomes
2010 Average monthly income by jurisdiction ( Php „000 )
Source: Philippine Overseas Employment Administration (POEA)
Note:
(1)

Metro Manila average monthly income
Average: 63.0 = PHP 63,000 per month based on 2009 data
Multiple of

Manila (x) : 3.2 ... 3.0 .... 2.7 .. 2.4 ... 2.4 ... 2.2 ... 1.0 . n/a
Php 000's . 94.0 . 88.9 . 78.6 . 70.8 . 70.1 . 64.1 . 30.1 . 29.7
AREA== Europe/ Africa/ Amer./Oce. /Asia / Sea./ West / Metro
======= .........../ ........ / ........ /-ania/ E.S./based/ Asia / Manila

(2)

Despite increased Supply, Demand has grown faster
(206K since 2009 units with average of 51.5K units),
Take up demand has increased as well
(170K units since 2009 with average of 42.5K units)

Year: Launch Takeup Pct% Left
2009 : 35.6 K : 28.6 K : 80% : 7.0K
2010 : 52.9 K : 39.9 K : 75% : 13.K
2011 : 58.7 K : 49.1 K : 84% : 9.6K
2012 : 58.7 K : 52.6 K : 90% : 6.1K

==

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Discussion from AX

 

2014-0214-Kroma-Tower-Gateway-Update-pag

Makati North

(P. ):
I have my doubts with the Manila property market. If you have a unit, there's much difficulty in re-selling it. It's going to be more difficult in the future due to a "glut" in new supply.
(OTP):
The GLUT may not appear, because of the rapid rise in jobs in BPO's,
and because properties will be bought by Filipinos living overseas
Also, Philippine people are moving from "traditional" and (rather shabby) live arrangements into modern CBD areas, which are mixed use "islands" from the transport chaos around them.
I did not "get" it, until I saw the speed and importance of this shift to a new living arrangement, and also - the ability of Overseas Filipinos (with incomes 2-3x what they could make in their own country) to fund this shift
(P. ):
I think BPO workers can't afford to buy new units. It's the Filipinos who work overseas who can. Not all can do so though, for example, the FDHs here in HK can't.

 

(OTP):

Generally, that is true.
The average BPO worker cannot afford a flat priced at PHP 140,000 per Sq M.'
But some can.
Managers, and employees of other businesses operating in the same Tower.
Here's a plan for North Makati:
MakatiN-Story_zps2c7c0140.jpg
Certainly, dozens or hundreds of the office workers in those new towers will be able to afford to buy or rent flats priced at PHP100-150k per Sq Meter.
If you live within walking distance of your office, commuting costs go way, way down.
And we will also see OFW's who buy properties nearby, and lease them or lend them to friends and relatives (who work nearby) at below market rentals.
The ones I worry about are properties in under-construction buildings like Trump Tower, which are priced at PHP 400,000 per Sq M. These require a very long walk, or a taxi ride (in traffic) to likely jobs. I do not see how these very expensive high end properties are going to pay their way. Maybe someone can explain.

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Hard Reforms led to Filipino Growth

- says article in the WSJ by Cesar Purisma, finance secretary for the Philippines

 

(the World Economic Forum on East Asia will be held in Manila between May 21 - May 23)

 

"After years of cheap and easy credit, emerging markets will now have to compete for funds

to fuel development and woo investors..."

 

"Sadly, reform is taking a back seat as the memory of the (GFC) crisis fades..."

"This is a shame. Reforms have the power to fundamentally alter a country's economic destiny."

"Since coming to office in 2010, Aquino has turned around a country once written off as :

'the sick man of Asia' "

"Our reforms have been wide-ranging:"

 

+ Sin Tax Law: raising levies on alcohol and tobacco

+ Revamp of commonplace procedures

 

Philippines has 7% growth, making it the third fastest growing country in Asia.

The country was upgraded to investment status (by Fitch, S&P, Moodys) in 2013.

A further upgrade to BBB by S&P came in May 2014.

 

The country jumped 26 places in WEF's global competitiveness index since 2010,

and 30 places in IFC's doing business index.

 

More work needs to be done on implementing commonsense reforms, and

"we need to put reform back on the agenda. without it, growth is fleeting."

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SMART Property Conference - FREE if you sign up beforehand*
HONG KONG 7-8 June 2014 ●11am - 7pm
Hall 3E, Hong Kong Convention & Exhibition Centre
*(free at the door too, I believe)
==
> http://www.smartexpos.com/smartexpo2014/hkjun/why_visit.htm

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Colliers - Q1-2014 Report

http://www.colliers.com/-/media/Files/Marketing%20Reports/Q12014_Knowledge

 

HIGHLIGHTS:
Economic growth fuels real estate sector to expand The Philippine economy expanded by 7.2% in FY 2013, the
highest GDP growth in the last two years. The services sector supported the uptrend with the industrial sector gaining
significant traction. Despite an increasing inflation rate, consumption spending remained buoyant as lending rates
continued to be at their lowest levels while OFW remittances posted its record amount for FY 2013

Residential
Approximately 1,500 residential units were delivered in 1Q 2014, 70% of which are located in Fort Bonifacio and the
remaining 30% in the Makati CBD. Twenty new residential condominiums are expected to be turned over this year, with
the majority of the units classified as studio and one-bedroom units. Premium units experienced a rise in vacancy as smaller
unit cuts had some difficulties in being leased out. As a result, rental growth slowed down during the period

Supply to increase substantially in the next three years
In the five major submarkets that Colliers tracks, 20 new residential condominiums are expected to be turned over in the
market this year amounting to 7,748 units. This quarter, 1,499 units were delivered with 70% located in Fort Bonifacio and the
remaining 30% in the Makati CBD. The projects included Red Oak at Two Serendra (520 units) , Avida Towers BGC 9th Avenue
Tower 1 (224 units), Arya Residences Tower 1 (301 units), and The Grand Midori Tower 2 (454 units)

 

3BR Capital Values
===
Qtr /Year : Mak.-Mid. QonQtr : Yr-on-Yr. / Low - Makati - Hi. / Low -Bonfacio- Hi. / Low -Rockwell- Hi./
1Q /2013 : 123,760 : +4.93% : + 8.50% :: 81,650 - 165,870 : 093,585 - 149,415 : 103,020 - 153,300 :
2Q /2013 : 128,730 : +4.02% : +11.52% : 87,365 - 170,095 : 098,265 - 156,885 : 106,110 - 159,430 :
3Q /2013 : 132,048 : +2.58% : +13.81% : 88,895 - 175,200 : 100,720 - 159,240 : 107,175 - 162,300 :
4Q /2013 : 134,908 : +2.17% : +14.38% : 90,675 - 179,140 : 102,230 - 161,290 : 109,315 - 168,220 :
1Q /2014 : 136,533 : +1.20% : +10.32% : 91,715 - 181,350 : 103,200 - 163,150 : 110,240 - 175,685 :
Est:
2Q /2014 : 137,898 : +1.0E%
3Q /2014 : 139,139 : +0.9E%
4Q /2014 : 140,253 : +0.8E%

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Shang Properties Launches “The Rise”,

a New Living Concept at the Heart of Noma, or the North Makati District

May 31, 2014 by Natalie Ann Unson
featured1-580x333.jpg

8 May 2014, Philippines – Shang Properties, Inc., the country’s premier luxury property developer introduces a unique, new living concept now rising at the heart of NOMA, or North Makati – the city’s burgeoning art and creative center. The Rise Makati is a one-of-a-kind residential and commercial complex designed with Shang Properties’ signature build quality, combining celebrated world-class modern architecture and interior design. It sets itself apart from the rest with an innovative approach to city living and an entirely unique amenities concept.

 

Located conveniently... (same street as Lerato)

just north of Ayala Avenue along Malugay St., Makati City, The Rise is only eight (8) minutes away from the Makati Central Business District. The area is known for its unique mix of galleries, delicatessens and bistros, indie music venues, and one-of-a-kind retail experiences – all of which are only a stone’s throw away.

 

“The Rise Makati is an active and thriving creative community for like minded people to come together. With its exceptional approach to space, architecture and design, we wanted to create not only a residential offering but a unique new living concept where people can inspire each other to follow their passions,” says Robert Cruz, Sales Director of Shang Properties. “The idea behind The Rise in part, is to inspire young people and families to create their homes the way they wish to build their lives and we, at Shang Properties, take this vision to heart.”

 

(New concept in amenities):

World Class Amenities and Retail, Dining, & Services Tailored For You

Dubbed Spaces at The Rise, The Rise presents a brand new concept that redefines what best-in-class amenities mean. Divided into The Hangout, The Nest, and The Workshop – Spaces at The Rise is designed to let its residents decide how they want to play, relax, and work.

 

The-HANGOUT.jpg

The Hangout is a 300 square meter space of open lounge area perfect for entertaining friends and family, whether it’s a special occasion or just to catch up over a cup of coffee. It includes games like an electronic dartboard as well as vending machines.

 

The-WORKSHOP.jpg

The Workshop is a fully stocked, purpose-designed workroom, which features an I.T. bar, a library, a reading room, and multi-purpose function rooms and spaces perfect for studying, brainstorming, or meeting.

 

The-NEST.jpg

The Nest is a relaxation and wellness zone that provides a refuge from the fast-paced city life and an opportunity to curl up on a swinging hammock, lounge around in the garden terraces, or to just get lost in a good book.

 

The Rise also boasts of a 28 meter tropical pool and kids’ pool, a 380-meter private jogging path set in lush green landscaping, a 280 square meter children’s play space, a barbecue patio, and a two-storey world-class gym packed with premier training and exercise equipment designed for young professionals and families who work hard and play hard.

 

The-RETAIL-MALL.jpg

 

The 2-level boutique retail mall located right below the residences, offers over 50 of the best retailers and service providers to ensure that there’s something for everyone — from uniquely quirky cafes and bars, to the best dining experiences, to banks, daycare centers, convenience stores, tailors, and spa services.

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> http://moneysense.com.ph/whats-up/shang-properties-launches-the-rise-a-new-living-concept-at-the-heart-of-noma-or-the-north-makati-district/

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Ayala's "Grand" Tower - the anticipated, but as-yet-unnamed giant

 

( Could be the tallest, or 2nd tallest building in the Philippines )

 

Look at the Drawn image below, showing the Makati North Masterplan - the last building is huge!

 

Notice the "mixed use" building to the far right of Kroma Tower ...

Height of nearby Tower : Maybe 251m, or even Higher !

Measurement derived by comparison with Kroma - which is 157m high.

(the new tower looks to be 60% tallest - and that is tall !)

 

Kroma-NMakati2_zps6b68363c.jpg

 

52 fl. = 157 m.
31 fl. = 094 m . (say 60%)
===
83 fl. = 251 m .
# 01 = 259 m. Tallest in Makati
# 02 = 250 m. Second Tallest

 

Philippines Tallest:

1. PBCom Tower 55 fl 259m.(Antenna), 241m. (Radio Tower), 222m.( Rooftop)(Final Official Height)
2. Gramercy Residences 72fl 250m. (Rooftop) (Final Official height accdg. to CPI)
3. Shangrila Hotel @ The Fort 65fl. 250m.
4. Grand Hyatt @ The Fort 66fl. 250m.
5. Trump Tower 60fl 250m. (Antenna)????
6. Stratford Residences 76fl 244m. (Rooftop) based on BCI Asia Technical Details)
7. Discovery Primea 239m. (Rooftop) 250m.(still to be confirmed)

 

Another View - shown in map location :

MakatiN-Finished3_zpsdbaed365.jpg

 

The Views from Ayala's Grand Tower should be incredible !

Looking straight down the main Ayala corridor,

and North up Ayala Avenue extension towards Circuit, Ayala's next major CBD in Metro-Manila.

This building can dominate views from both directions, and will help to "tie" Circuit into Makati.

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After 38 years, Mandarin hotel to close this year

ABS-CBNnews.com | Posted at 06/04/2014 7:29 PM | Updated as of 06/04/2014 7:29 PM

Mandarin-Oriental_articleimage_hoch.jpg

 

MANILA - After nearly 40 years of operation, the iconic Mandarin Oriental Manila hotel will be closing its doors this year.

The Mandarin Oriental Hotel Group on Wednesday announced it will be closing the hotel, located on Makati Avenue, later this year.

"Mandarin Oriental, Manila has been recognized as one of the city’s most iconic hotels since its opening in 1976, and the Group wishes to express its sincere appreciation to all colleagues for their legendary service and support over the years. All hotel colleagues have been informed of the forthcoming closure and will receive full and fair severance payment and appropriate professional guidance,” said Torsten van Dullemen, general manager of the hotel.

Fans of the Mandarin Oriental need not despair, since the group will be managing a new luxury hotel in Makati City.

The Mandarin Oriental Hotel Group said it signed a contract for the branding and management of the luxury hotel, which will open in 2020.

The new Mandarin Oriental, Manila will be owned and developed by Ayala Land Hotels & Resorts. With 275 rooms, the hotel is being positioned as one of the leading luxury hotels in the Philippine capital.

"The new Mandarin Oriental, Manila, which is scheduled to open in 2020, will be part of a mixed-use development centrally located within Makati City," it said. No other details were disclosed.

The Mandarin Oriental opened in 1976 as Manila’s pre-eminent hotel.

While the Mandarin Oriental Manila has been a "much-loved icon," the company noted its "infrastructure and existing facilities are no longer in keeping with the Group’s well-recognized, luxury hospitality offering."

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