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September 28, 2018

Filinvest develops dorm-type housing for Mimosa tenants


Filinvest Land Inc. is planning to develop an employees housing project, mainly for overseas workers, to support the needs of tenants in its office buildings in the Filinvest Mimosa+ Leisure City in Clark Freeport Zone.

In a press briefing, Filinvest Cyberzone Mimosa Incorporated First Vice President Janette Cordero said Lodgeplus will be a low-density residential area for lease to the growing number of foreign workers of office space tenants, particulary Chinese and Koreans working for online gaming firms.
Lodgeplus is comprised of three mid-rise buildings of six stories each that will rise on a 2.74 hectare lot just 450 meters away from Filinvest’s campus-type office buildings called Workplus. It will have its own clubhouse and amenity area, as well as its own gate and guardhouse.



In Metro Manila, the continued expansion of BPOs as well as traditional firms should result in increased employment opportunities. This, in turn, should boost demand for more worker-accommodation units in the country's capital.  We see more developers investing in worker accommodation projects that cater to young urban professionals who can’t afford to own their own apartment yet or rent a condominium unit within the established business districts such as Makati, Fort Bonifacio, and Ortigas Center. These halfway residential units are for professionals who want to live near their place of work. The worker-accommodation units are also more practical for employees working in CBDs as the worsening traffic in Metro Manila only makes their commute to and from work more unbearable. We see the demand for dorm-type housing emerging in other business hubs outside Manila such as Clark in Pampanga.

China eyes industrial park in PH


The government is eyeing to allocate 300 to 500 hectares of land for the industrial park that China is willing to support. 

This is seen to cater to light and medium industries. 

Vivencio Dizon, president and chief executive officer of the Bases Conversion and Development Authority (BCDA), said in a press briefing China can help finance, build and develop several industrial parks in the country.

“The idea is to identify several sites, and it’s really not just New Clark City,” Dizon said. 



The growing manufacturing and export activities in the country are enticing developers to ramp up industrial estate development outside the Cavite-Laguna-Batangas area, the country’s major industrial hub and we see this spilling over to Clark and nearby locations. The first phase of Ayala Land’s (ALI) 64-hectare Alviera Industrial Park in Porac, Pampanga is 95% sold. Tenants include companies involved in food, logistics, and warehousing. Filinvest is also apportioning 100 hectares of its 288- hectare property in the New Clark City for industrial operations. Among the major projects that Clark received in the past decade was a USD1 billion Texas Instruments chip plant. Other major industrial locators in the corridor are Nanox Philippines Incorporated, L & K Industries Philippines, Aderans Philippines Incorporated, LuenThai, and SMK Electronics Philippines Corporation – manufacturing clothing to electronic products. The planned improvement of airport and cargo rail projects should further ignite interest in industrial land and facilities in Metro Clark.

Online selling gaining fast on traditional businesses


Big and traditional businesses are now being eaten up by modern technology, specifically online sellers and online stores. This was the observation made by Pampanga Chamber of Commerce and Industry Inc. President Jesus Nicdao during the media forum “Balitaan” organized by the Capampangan in Media Inc. at the Bale Balita here last Friday.

Nicdao said he had a recent conversation with Tessie Sy-Coson, who told him of their plan to put up an online store soon.



In the Philippines, physical and online stores complement each other. However, developers and retailers need to highlight their differentiating features so as to stand out and attract greater consumer traffic. Malls in Metro Manila have been responding to the need to scale up their offerings, with new features ranging from the largest entertainment centre in the country to a farmer’s market-inspired food hall. Retailers are also rolling out “click and collect” strategies which maximize retailers' online presence help drive consumer traffic to brick-and-mortar outlets.



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