Be in the loop of the latest property news in the Philippines. Read what our market experts say.

Read more...

Our Offices

Manila
11F Frabelle Business Center
111 Rada Street Legaspi Village
Makati City 1229 Philippines 
Tel: 632 888 9988
Fax: 632 858 9001


Cebu
Unit 703A FLB Corporate Center
Cebu Business Park
Cebu City, 6000 Philippines
Tel: 6332 233 6422
Fax: 6332 412 2560

October 17, 2018

Ayala Land accelerates development of Alviera

NEWS

Ayala Land, Inc. (ALI) is ramping up the development of Alviera in Pampanga, as it plans to focus on the project’s residential and leisure components in the next five years. John R. Estacio, general manager of Alviera, said 250 hectares of the 1,800-hectare master-planned estate will be “activated” by the end of the year. “In the next five years, the focus would be on residential and then on leisure component. Because we have started already, we’re done so far with the industrial and then the commercial,” he said. Mr. Estacio said this is in accordance with ALI’s plan to bring all incorporate residential, commercial, industrial, institutional and entertainment projects within Alviera. ALI partnered with Leonio Land Holdings, Inc. for the Alviera project. New residential offerings in the estate will be unveiled by the end of the year. Ayala Land Premier, ALI’s luxury brand, will launch its first project, while Alveo Land will introduce its second residential development in Alviera. “There’s now, certainly, breadth and depth within our product offerings, from the high-end to the upscale, to the affordable line,” Mr. Estacio said. The two residential projects, Montala and Avida Settings, were launched in 2014 and 97% has already been sold out. Since then, the land value has appreciated by 25%. “We started selling at about P11,000 per square meter (sq.m.). Now, we’re selling at about P14,000 to P15,000 per sq.m.,” Mr. Estacio said.

CLICK TO VIEW FULL ARTICLE

RESEARCH VIEW

The ushering in of the "golden age of infrastructure" lends support to the government's decentralization push which should unlock land values in areas outside of Metro Manila and stimulate business activities in the countryside. This also buoys Pampanga’s viability as a major industrial hub in the country. We see the country sustaining robust growth on the back of the government’s infrastructure and decentralization push. Among the key economic segments that will benefit from the government’s thrust is property development. Infrastructure implementation coupled with decentralization should spur the growth of property segments, including industrial.

CPG, Mitsubishi to invest P28 B for housing projects

NEWS

Century Properties Group, Inc. (CPG) and the global business enterprise Mitsubishi Corporation have allotted P28 billion in capital expenditures over the next five years for the development of 15 affordable housing projects. To kick it off, they have lined up five affordable housing projects for next year as part of its development plans to build homes worth P57 billion. The two firms have just launched their newly-formed joint venture company PHirst Park Homes, Inc. and announced its plans to cater to the broader market of first homebuyers by rolling out 33,000 units in key locations outside of Metro Manila. The joint venture company is 60 percent and 40 percent owned by CPG and Mitsubishi, respectively. According to PHirst Park Homes company Ricky M. Celis, they will launch 15 masterplanned communities in Calabarzon and Central Luzon within the next 5 years. These new launches will entail capital expenditures of approximately P28 billion, of which P11 billion will be spent in the first 5 years. “The company is also eyeing expansion into the Visayas and Mindanao regions once it has established technical and market scale, Celis said. “We are pleased to announce this new chapter in the company’s history of serving the housing needs of our Filipino first home buyers in a much larger scale,” said Century Properties Chairman and CEO Jose E.B. Antonio.

CLICK TO VIEW FULL ARTICLE

RESEARCH VIEW

Colliers believes that developers will continue to venture into residential projects in second-tier and third-tier cities all over the country where demand comes from end-user buyers. In our opinion, the markets may be smaller compared to Manila but more stable in terms of end user housing demand. Moving  forward, the demand for residential projects should be fueled by the improvement of road network from Manila to Central Luzon and CALABARZON.  The improvement of road networks and expansion of airports in these regions should further unlock land values in these areas, making them more feasible for residential projects.  The demand for residential units in these locations will continuously grow as we believe that a significant part of the remittances sent in by OFWs annually will continuously be set aside for Filipinos’ housing requirements.

Eton developing ‘nano-township’

NEWS

Eton Properties Philippines Inc., the real estate development arm of LT Group, is developing what it calls a “nano-township” in Makati. The firm said the mixed-use development called Eton WestEnd Square will have forward-thinking tech and online companies, eco-friendly shops, social enterprises, unique homegrown restaurants and other new enterprise concepts. “Eton WestEnd Square enjoins them to be part of a prime property showcase of the new co-work, co-play, co-live standard,” the company said. It added that, “the development’s strategic location in West Makati offers a high-value business and commercial address while being distinct enough from the city’s known hustle and bustle.” Found on the corner of Chino Roces Ave., Yakal, and Malugay streets, the project will have easy access to buses, taxi cabs, shuttle vans, jeepneys, and even tricycles just outside the gates.Within the township will rise the two storey eWestMall that will have retail spaces that Eton Properties aims to transform into a co-play hub, featuring brands that gather and connect people through unique shopping and dining experiences, as well as services. With a total leasable space of approximately 3,750 square meters, it can be an ideal launch pad for upcoming brands, homegrown businesses, and brick-and-mortar shops of start-ups.

CLICK TO VIEW FULL ARTICLE

RESEARCH VIEW

Developers are aggressively acquiring large parcels of land that could be developed into master-planned communities. In the increasingly competitive environment, developers need to distinguish their projects from others. Apart from the typical land uses such as office, residential, retail, and hotel, developers should also incorporate institutional uses such as education and healthcare. Other developers have been more aggressive in “differentiating” their communities by integrating entertainment and recreational facilities for outdoor sports such as football and wakeboarding. Colliers believes that the developers’ differentiation strategies are anchored on placemaking or the ‘multifaceted approach to the planning, design and management of public spaces.

CLICK TO VIEW PREVIOUS MARKET INTELLIGENCE REPORTS


Contact


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