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111 Rada Street Legaspi Village
Makati City 1229 Philippines 
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July 21, 2017

Federal Land, 2 Japanese firms to develop P20-B project in BGC

NEWS
Federal Land, Inc. is partnering with two Japanese firms to develop a P20-billion Japanese-inspired residential and retail complex in Bonifacio Global City. The property arm of GT Capital Holdings, Inc. partnered with Nomura Real Estate Development Co., Ltd and retail service firm Isetan Mitsukoshi Holdings Ltd. for Sunshine Fort, which will feature a four-tower residential condominium, and a shopping mall. The three firms will jointly finance the project on a 60-40 basis, wherein the 40% will be split between Nomura and Isetan. “GT Capital leads the way in establishing partnerships to bring Japanese technology and know-how for the enjoyment and benefit of the Philippine market. Aside from the excitement that the retail mall will bring to many, this partnership will introduce Japanese design in condominium buildings,” Federal Land Chairman Alfred V. Ty said in his speech during the project’s launch in Makati on Monday.
(Source: Business World, 11 July 2017)
 
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RESEARCH VIEW
Local developers have become more aggressive in firming up partnerships with foreign developers. These international partnerships should make the property landscape in the Philippines more competitive. Given the increasingly competitive environment, we believe that developers need to distinguish their projects from others. The developers’ differentiation strategies must be anchored on placemaking or the multi-faceted system of planning, design and managing public spaces. Under this method, developers assess each community’s distinct assets and potential and eventually build facilities that will maximize those features. We believe that a well thought-out placemaking strategy should keep people interested to stay in a specific development. Overall, placemaking should help transform places into destinations where people can synergistically converge. Local developers should keep this in mind as they develop office, residential, retail, and industrial projects with their foreign partners.

Damosa Land prepares for new mixed-use project in Samal

NEWS
Damosa Land, Inc. (DLI), the real estate arm of Floirendo-owned Anflo Management and Investment Corp. (Anflocor), plans to break ground by the end of the year for its mixed-use project in Samal Island. DLI Vice-President Ricardo F. Lagdameo said in an interview that they are now completing government requirements while finalizing the design for the 12-hectare property, located about 15 kilometers from the luxury property of sister firm Pearl Farm Beach Resort. Mr. Lagdameo, grandson of Anflocor founder, the late Don Antonio O. Floirendo, said they are now eager to pursue the project “because of the news about the bridge to be built that will connect” Samal with Davao City. “Hopefully, we will have something to launch before the end of the year,” he said.
(Source: Business World, 11 July 2017)
 
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RESEARCH VIEW

Colliers International Philippines has identified Davao as among the most feasible locations for township projects in the country. We expect developers to continue pursuing satellite communities across the Philippines as these mixed-use communities offer a better value proposition than standalone projects. Within Metro Manila, opportunities for township developments are in Quezon City North (Fairview, San Jose del Monte, Novaliches and Commonwealth), Marikina and Pasig. Aside from Davao, other provinces that are feasible locations for township developments include La Union, Pangasinan, Tarlac, Batangas, Naga, Iloilo, Bacolod, Cebu, and Cagayan de Oro. Over the long run, we are confident that the demand for master-planned communities will be sustained by the government’s push to generate economic opportunities in the countryside anchored on its commitment to usher in the ‘golden age of infrastructure.’ 

Clark is preferred airport project because of shorter timeline

NEWS
Amid unsolicited proposals to establish new and modern airports in Bulacan and Sangley Point in Cavite, the government’s chief economic planner still views Clark International Airport as the “superior” option to decongest Ninoy Aquino International Airport (NAIA). “I think the Clark seems to be superior in terms of location, and also it’s much more advanced in terms of development,” Socioeconomic Planning Secretary Ernesto M. Pernia told reporters last week when asked whether the unsolicited proposals will be the best alternative entry point of international flights. He said that the government is prioritizing those projects that can be completed within the Duterte administration’s term. “We want to focus on things that are finishable within three years or at least within the term of the President,” said Mr. Pernia. The government is currently implementing the Clark International Airport’s P15.34 billion new terminal building, which is expected to be completed in 2020. The Clark airport will also be linked with the Philippine National Railway line running from Malolos to Clark Green City.
(Source: Business World, 17 July 2017)
 
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RESEARCH VIEW

The expansion of Clark International Airport is part of the government’s push to build more infrastructure projects across the country. The current administration’s commitment to spend 5% to 7% of annual gross domestic product (GDP) on infrastructure projects bodes well for the property sector. We see more foreign airlines mounting direct flights to Clark International Airport once the project is completed. This should boost hotel occupancies in the area as well as raise Pampanga’s viability as a meetings, incentives, conferences, and exhibitions (MICE) destination north of Metro Manila. Moreover, the airport expansion project should enhance Clark’s status as a premier outsourcing and industrial hub in the country.


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Colliers International | Manila 11F Frabelle Business Center, 111 Rada Street Legaspi Village, Makati City 1229 Philippines | Tel: +632 888 9988