Megaworld Premier Offices sells premium grade spaces in key regional hubs

Megaworld

 

Economic growth has increasingly been spilling over to regions outside Metro Manila over the past several years, owing partly to the government’s aggressive P8- trillion infrastructure initiative and decentralization thrust.

Today, the so-called “emerging provinces” are taking the spotlight as investors recognize the prospective opportunities that can be tapped here, given the improved infrastructure and connectivity, a skilled labor force, as well as a conducive business environment.

Provinces like Cavite and Iloilo, in particular, have seen a healthy influx of companies, from manufacturing, outsourcing, real estate to even tech start-ups and finance, all drawn to their vibrant investment climate.

Cavite, for one, remains in the radar of investors who find the province an attractive location given expected completion of key infrastructure projects that will improve accessibility to Metro Manila. Among them are the Light Rail Transit 1 Cavite extension, Cavite-Laguna Expressway (Calaex), and North Luzon Expressway and South Luzon Expressway connector road—all of which are poised to unlock land values and make it a key regional hub for Southern Luzon.

Add the fact that Cavite has been a staple in the Top 10 Most Competitive Provinces in the country since 2015. This is based on the Department of Trade and Industry’s Cities and Municipalities Competitiveness Index, which assesses provinces, cities and municipalities according to their economic dynamism, government efficiency, infrastructure and resiliency.

Megaworld

 

The province of Iloilo, meanwhile, made a mark on the local and global business community when it hosted high level and ministerial meetings for the Asia Pacific Economic Cooperation (Apec) in 2015. Set at the Iloilo Convention Center inside the Iloilo Business Park, the Apec meetings helped showcase the modern side of the province and the prospects it can offer to companies wanting to set up a regional hub in the Visayas.

Iloilo City, the capital city of the province, has seen in recent years the continued influx of outsourcing companies and expansion of sectors such as insurance and finance, according to an earlier report by Colliers International Philippines.

The office property market here in particular is seen to hold much promise and is expected to thrive over the next several years due to this steadily growing demand from investors.

Rising business district

One Corporate Place

The 17-storey One Corporate Place in Cavite

In Cavite, a rising business district is offering companies modern office spaces within a green, sustainable community where everything is integrated.

The 17-storey One Corporate Place, which is under Megaworld Premier Offices, is selling 93 premium offices within the 140-hectare Maple Grove township in General Trias, Cavite.

The township is accessible via the the Coastal Road and Cavitex, with an estimated travel time of only 30 to 45 minutes from Makati central business district and Fort Bonifacio. It will become even more accessible once Calaex is completed.

“Maple Grove’s rising business district in this side of Cavite allows companies to thrive and grow their businesses in a green and sustainable community where everything is integrated and within reach. The entire development itself, as in any other townships that we’ve already built, will be walkable from one office tower to another, or to the mall, residential towers and parks that we will build around the community,” said Rachelle Peñaflorida, vice president for sales and marketing of property giant Megaworld Corp.

“Owning an office space in Maple Grove would be a wise move especially that General Trias is now fast becoming a key growth area of Cavite. In five years, we expect rental prices to go up as more developments rise within the township,” she added.

One Corporate Place Retail Space

The ground floor of One Corporate Place features retail spaces

These office spaces, which will have layout sizes ranging from 63 sqm to 281 sqm, are seen highly suitable for a wide range of industries and businesses including corporate offices, tech startups, banking and finance, small and medium sized enterprises, advertising and media agencies, as well as IT-business process management firms, among others.

How so? One Corporate Place offers a well-balanced, holistic working environment that can perfectly complement the business. Companies will benefit from the office tower’s topnotch facilities such as the 24-hour Security and Fire Command Center, Building Management System, Seismic Detection and Monitoring System, stand-by generators for 100 percent back-up power, fire security system, water reservoir with separate fire reserve water tanks, and a 24-hour CCTV monitoring system.

Future employees meanwhile will be near the Central Park, dubbed as the green jewel of the township, which could help ease one’s stresses. Green spaces also abound throughout the township—a clear benefit for workers there because communing with nature, as several studies have stated, helps boost productivity and efficiency.

Accessibility will not be a concern for office workers because public transportation is readily at hand, whether you’re working the night shift or you have an early morning schedule.

 

New Visayan CBD

International Corporate Plaza

The International Corporate Plaza in Iloilo Business Park

Down further south in the West Visayas Region meanwhile is another premium office tower being managed by Megaworld Premier Offices.

The 19-storey International Corporate Plaza—envisioned to be Western Visayas’ most stateof- the-art, facility-packed green office development—is also selling 301 prime office units conducive to a wide range of industries including professional services (law and architectural firms, clinics), start-ups, as well as established enterprises. It is be located within the bustling 74-ha Iloilo Business Park in Mandurriao, Iloilo City, where the province’s newest central business district is set to rise.

“So far, this will be the most modern and state-of-the-art office tower in Western Visayas where companies including entrepreneurs can own their office spaces and enjoy its generous facilities never been seen before in any office building in the region,” said Jennifer Palmares-Fong, vice president for sales and marketing of Iloilo Business Park. “One of the main highlights is its enhanced security and safety features, another first in Western Visayas.”

ICP coworking area

Co-working and breakout areas at International Corporate Plaza

The International Corporate Plaza will have a four-level parking podium, retail spaces and arcade area at the ground floor. Keycard-enabled turnstiles will provide enhanced security for the main lobby, while RFID cards will be used to secure parking areas. The office tower will be fiber optic-ready, and equipped with its own seismic detection and monitoring system, building management system, 24-hour Security and Fire Command Center, fire security system, and a 100 percent back-up power facility.

The tower will likewise house “managed facilities” including boardrooms, meeting rooms, co-working and breakout areas, executive lounge, and a skygarden that will offer office workers a slice of tranquility with the stunning views of the sea and Guimaras Island.

Indeed, companies will need to level up their game given the increasingly cutthroat business environment, in order to tap the lucrative opportunities at hand.

And one way to do so is to be strategic in selecting your home base—to be right where the next wave of growth will be and set up shop in an office tower that provides a conducive investment climate, given cutting-edge, sustainable amenities that will help ease the way you manage and conduct your business.

Written by: Amy R. Remo | Philippine Daily Inquirer

Source: https://www.megaworldcorp.com/news-and-updates/cavite-or-iloilo-grow-your-business-these-two-dynamic-locations?fbclid=IwAR1ygDuCWjSHmtuebF14XoYGQZCFSggGIIqo7RnYNhHqs5I2eF943WJ1Gj0

Tycoon Andrew Tan-led Megaworld is making great strides in building sustainable communities with residential, commercial, and recreational components.

Megaworld and its leisure estate unit Global Estate Resorts Inc. are investing P18 billion over the next 15 years to develop the Arden Botanical Estate in Cavite.

Half of the entire township, located on a 251-hectare property at the boundary of Trece Martires City and Tanza, Cavite, will be allocated for residential developments while the rest will be for commercial, institutional, recreational, and open spaces.

The project will feature natural rivers and organic gardens, as well as tree-lined roads and avenues, and lotus ponds.

It will also include other sustainability features such as the use of solar street lights, electric shuttles for transport, storm water recycling, permeable pavements for driveways and parking, and organic fertilizers and pesticides for gardens.

“Our concept for this expansive development is to allow everyone living, working and even visiting the township to appreciate a beautiful and purposeful life. This is another unique township concept that will certainly stand out from any other developments in and around Cavite,” said Kevin L. Tan, chief strategy officer at Megaworld.

Source: https://www.bilyonaryo.com.ph/2019/09/16/andrew-tan-to-build-p18b-sustainable-township-in-cavite/?fbclid=IwAR3kSpqNvYnFWZHecetmzhjT1zPcf7_HvjxkA4b43gD3nH64aDRGklq4Azg

Hope

by Renalyn Añasco

Megaworld Lifestyle Malls does not only partner with the best names in retail and lifestyle. It also works hand in hand with groups that aim to do good.

For a while now, you’ve probably noticed the water bottles that have been co-branded with the Megaworld Lifestyle Malls name, available for sale in our various retail establishments. This is an effort borne from joining forces with Generation Hope, Inc. through its HOPE IN A BOTTLE initiative. Founded by Nanette Medved-Po, Generation Hope is the first company in the Philippines to donate 100 percent of its profits to building public school classrooms.

Through HOPE IN A BOTTLE, Megaworld Lifestyle Malls efforts have been aligned with Megaworld’s brand-new vision of uplifting lives, impacting society and helping shape the nation.

Hope

Generation Hope helps the government address the classroom shortage in the Philippines. The organization is a firm believer that every Filipino has the power to vote with their peso for the things that they value most.

Through its partnership with Generation Hope, Megaworld Lifestyle Malls has been part of building numerous classrooms across the country  It has helped over 14,000 students to date.

Source: http://insideworldnewsletter.com/2019/08/uplifting-lives-impacting-society-and-helping-shape-the-nation-one-bottle-at-a-time/

Megaworld

The wins keep piling up for property giant Megaworld Corporation.

Three-time “Best Developer” Megaworld, together with its subsidiaries Global-Estate Resorts, Inc. (GERI) and Empire East Land Holdings, Inc., asserted its industry dominance once again by winning 12 major awards at the 2019 Philippines Property Awards held at Fairmont Hotel in Makati City.

The group’s latest win was highlighted by the “Best of the Philippines” award given to GERI’s Newcoast Village at Boracay Newcoast, which was named as this year’s “Best Housing Development.”

Megaworld

Engr. Philipp Mangubat (center) and Engr. Mechi Caliwag of GERI receive the “Best Housing Development (Best of the Philippines)’”award for Newcoast Village at Boracay Newcoast

Winning a golden trophy each during the gala night were Megaworld’s Uptown Bonifacio (Best Township Development); ArcoVia City (Best Mixed-Use Development); World Commerce Place (Best BPO Office Development); Festive Walk Iloilo (Best Retail Development); McKinley West (Best Township Masterplan Design); and Uptown Arts Residence (Best Luxury Condo Interior Design); and GERI’s Newcoast Village (Best Housing Development-Resort Destination) and Southwoods Mall (Best Commercial Landscape Architectural Design). Empire East’s Cambridge Village, meanwhile, received two major awards as the winner in the Best Universal Design Development and the Best High-Rise Affordable Condo Development for Metro Manila categories, while San Lorenzo Place was awarded the “Best Mid-End Condo Development for Metro Manila.”

Uptown Bonifacio

Megaworld chief strategy officer Kevin L. Tan

Also receiving Highly Commended recognitions were Megaworld’s ArcoVia City (Best Township Masterplan Design), GERI’s Twin Lakes Hotel (Best Hotel Interior Design) and Southwoods Mall (Best Retail Development), and Empire East’s The Rochester (Best High-Rise Affordable Condo Development for Metro Manila), and Covent Garden (Best Mid-Range Condo Development for Metro Manila).

“We are truly grateful for all these prestigious recognitions given to our group’s various developments. These wins will serve as welcome inspiration to all of us at the Megaworld Group as we continue building on our vision of uplifting lives, impacting society, and helping shape the nation by bringing topnotch developments to different parts of the country,” said Lourdes T. Gutierrez-Alfonso, chief operating officer, Megaworld.

Uptown Arts

Megaworld executive vice president for sales and marketing Noli D. Hernandez

The group’s main category winners will now be competing for more international accolades at the PropertyGuru Asia Property Awards Grand Final ceremony slated in November of this year in Bangkok, Thailand, where they will vie for prestigious recognitions against the best of the best from more than a dozen property markets around the Asia-Pacific region.

“It is indeed an exciting time for the Philippine real estate sector, with developers and non-developers pursuing innovation and using new technologies and best practices to provide consumers quality projects and experiences, and investment opportunities in the biggest metropolitan areas and resort destinations across the country. I’m delighted that the awards continue to build its reputation as the trusted gold standard in real estate in its seventh year,” said Hari V. Krishnan, chief executive officer of PropertyGuru Group.

Source: http://insideworldnewsletter.com/2019/07/megaworld-group-bags-most-number-of-major-awards-at-2019-philippines-property-awards/

Uptown Arts to Benefit from Guadalupe-BGC Skytrain 2018 Construction

Skytrain next to Uptown Arts to Benefit from Guadalupe-BGC Skytrain 2018 Construction.

Approval of Department of Transportation

The Department of Transportation approves Infracorp Development Incorporated’s proposed Skytrain monorail. So it could be operational by early 2021.

Skytrain to benefit Uptown Arts

UPTOWN ARTS! It is newest Megaworld Condo next to Sky Train. To be ready by five years time.

SKYTRAIN. A rendering of the proposed monorail. It would link Makati City to Taguig City. Image is from Alliance Global Group Incorporated.

MANILA, Philippines. The infrastructure unit of tycoon Andrew Tan’s Alliance Global Group Incorporated (AGI) expects to start construction of its proposed P3-billion Skytrain in 2018.

Link of Skytrain monorail

Moreover, the two-kilometer Skytrain monorail would link the Guadalupe Station of the Metro Rail Transit Line 3 (MRT3). Further, it would link to Bonifacio Global City (BGC) in Taguig City. Therefore, this will benefit the Megaworld project UPTOWN ARTS in BGC. Especially, more for future price increase and as an ideal property investment.

AGI said its infrastructure unit, Infracorp Development Incorporated, has already been given original proponent status by the Department of Transportation (DOTr). This was a statement on Monday, May 28.

Skytrain now approved and up for review

With the DOTr’s approval, the proposed Skytrain would now be up for review. Further, it is to be reviewed by National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee.

Start of Skytrain operations by 2021

“We can start the project before the year ends and [it] will take us two years to complete it. By early 2021, we can open the Skytrain to the public,” said Infracorp president Kevin Tan. Kevin Tan is the current CEO of Megaworld Corporation.

Infracorp to leave ownership to government while solely operating it

Infracorp submitted its unsolicited Skytrain proposal to the DOTr on October 26, 2017. The company would build the Skytrain and transfer the ownership title to the government. However, it would have the sole right to operate the monorail.

“We laud the government’s quick action [on] the proposal. That is to say, this is another clear indication of the government’s serious commitment. And their focus on infrastructure developments.” Tan said.

The Skytrain would reduce travel time from the MRT Guadalupe Station to BGC and vice versa to only 5 minutes. This is according to AGI. Further, the firm said it would benefit around 60,000 to 100,000 passengers daily. Further, this is going to and from Makati City and Taguig City.

“We envision to connect Makati to Taguig and vice versa. Subsequently, these two largest business districts in the country need an efficient and fast transport system. These systems must be at par with what the other business districts in cosmopolitan cities like Tokyo and Sydney have,” Tan said.

Infracorp is part of NAIA Consortium in talks with DOTr. Moreover, these talks are for proposal to rehabilitate, develop, operate and maintain Ninoy Aquino International Airport (NAIA).

Infracorp is interested in doing other projects on transport solutions. They want to do so in several business districts around Metro Manila. In addition, they also plan to do this in key growth areas around the country.

Source: https://www.rappler.com/business/203516-guadalupe-makati-bgc-taguig-skytrain-construction-2018

UPTOWN BONIFACIO (BGC) is next to SkyTrain.

NEWEST! Investment Preselling Condominium in Uptown Bonifacio

Uptown Arts

McKinley Hill has grown into Metro Manila’s ‘most diverse’ community

By: Amy R. Remo – Reporter
Philippine Daily Inquirer / 03:45 AM August 31, 2019
McKinley Hill has grown into Metro Manila’s ‘most diverse’ community

Marvel at the intricate details, warm pastel colors of the reimagined Grand Canal at the grandiose Venice Grand Canal Mall, replete with the romantic vibe, the gondolas, serenades, and gondoliers.

It’s almost inconceivable to think that many of today’s bustling townships were once barren parcels of land.

Considering I’ve actually witnessed how some of these mixed use districts have been built from ground up, how they have transformed in just a decade’s time to become modern sophisticated communities now humming with so much life, noise and activity, it still amazes me to see an idle land, left desolate for years after outliving its usefulness, reborn into something new.

Take the case of McKinley Hill, the largest Megaworld township in Fort Bonifacio.

Dramatic transformation

As a business reporter years back, I would find myself driving across the metro almost every single day of the work week, covering press briefings, conferences, events, and chasing government officials or top executives for an exclusive story or two. While I don’t relish those hours I spent stuck in the metro traffic, hustling from one city to another and haggling for a parking spot, I did get to witness the phenomenal changes in the metro landscape like those in McKinley Hill.

McKinley Hill has grown into Metro Manila’s ‘most diverse’ communityMcKinley Hill has grown into Metro Manila’s ‘most diverse’ communityAdmittedly, there was barely a spattering of buildings within the sprawling 50-hectare expanse of McKinley Hill a decade ago, but the frenetic pace of continuing construction activity year after year carried a promising proposition to homebuyers, investors and businesses: Megaworld’s signature offering of a live-work-play-learn lifestyle. And year after year, I did get to hear news about the property giant either launching a new upscale residential project or retail area, unveiling innovations for this township, or announcing the opening of its latest office building

I witnessed a more rapid, dramatic transformation, however, when I started frequenting this township about five years ago, with the completion of more towering modern buildings and impressive structures that to me, seemed to complement each other—set amid a backdrop of a beautiful township inspired and influenced by the rich traditions and cultural heritage of Europe.

Beyond its promise

By the looks of it, Megaworld clearly went beyond its live-work-play-learn promise on this one.

Today, 15 years since its development started, McKinley Hill has become one of the biggest townships in Metro Manila offering to discerning urbanites a uniquely diverse but complete, unparalleled lifestyle experience, while presenting a myriad of opportunities for businesses and companies that have set up shop here.

That’s because McKinley Hill brings together clusters of upscale, highly exclusive residences, premium grade offices, a world-class sports facility, a host of institutions, as well as dining and retail areas that offer a healthy, sustainable mix of international and local brands within one vibrant community.

Imagine this: McKinley Hill is home to 36 upscale residential condominiums and one premier village that capture the cultural essence of modern and traditional Europe—and yet, I didn’t get feeling that I’m stuck in one dense cluster of concrete buildings since the towers are strategically placed across this township. From afar, these well secured Italian- and Spanish-inspired luxury residences are truly a sight to behold, exuding a distinct charm with its architecture and design.

And it actually makes sense to live here too.

McKinley Hill has grown into Metro Manila’s ‘most diverse’ community

Prestigious schools, multinational corporations and a 15,000-sqm football stadium call McKinley Hill their home.

McKinley Hill has grown into Metro Manila’s ‘most diverse’ communityA few steps from these residential condominiums are some esteemed educational institutions that are suitable for your kids: you have Abba’s Orchard, Chinese International School, Korean International School, MINT College, and Enderun Colleges, all applying global learning standards and employing teachers from different parts of the globe.

Walk a little further, you’d find yourself being dwarfed by towering world class, sustainable offices where you can work for any of the local and multinational companies based in McKinley Hill, including Accenture, Bayer, Fujifilm, Samsung, among many others. Even the Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business group, had set up its base here at the Commerce and Industry Plaza (CIP) Building.

Impressively, you’ll also find in McKinley Hill the first LEED Gold-certified BPO office tower in the country: 8 Campus Place.

What even makes it such a better and more attractive location is the fact that a 14-ha area for offices is accredited by the Philippine Economic Zone Authority (Peza), which means its locators or occupiers would enjoy a host of fiscal and non fiscal incentives. Having covered Peza as a reporter, I know all too well that these perks such as tax exemptions are most sought by many foreign investors as these provide firms a competitive advantage for their businesses.

Leisure hotspot

But it’s not all about work here. When coverages and meetings bring me to McKinley Hill, I often overstay since it’s easy for me to find a coffee shop where I can finish my stories and beat my daily deadlines.

And if I’m feeling a little hungry, I can satisfy my cravings for practically any kind of cuisine I can think of—Vietnamese, Italian, Japanese, and Filipino, among many others—at any time of the day.

You’ll actually find here 172 commercial establishments, comprised of 93 restaurants, 49 retail shops, 30 services shops, and five cinemas. So finding a scrumptious meal to fill your tummies, running your errands, or satisfying your penchant for shopping won’t be a problem at all as these abound and can be found at the Venice Grand Canal Mall, which home to the Philippines’ most romantic mall, the Venice Piazza, and the Tuscany retail strip.

McKinley Hill has grown into Metro Manila’s ‘most diverse’ community

McKinley Hill has grown into Metro Manila’s ‘most diverse’ community

British Embassy Manila embodies the UK’s commitment to become “the greenest government ever.” -Photo From Theveniceatmckinleyhill.wordpress.com

If you want to burn those calories, let out some steam, or just take a breather, best to take a walk at the scenic Venice Piazza, which is reminiscent of the pigeon-filled Piazza San Marco and the St. Mark’s Square in Venice.

You can bring your family and friends here so you can all marvel at the intricate details, warm pastel colors of the reimagined Grand Canal at the grandiose Venice Grand Canal Mall, replete with the romantic vibe, the gondolas, serenades, and gondoliers—hands down, one of the most Instagrammable spots in the metro today, and a definite antidote to the stresses of urban living. Of course, you have a supermarket here, state-of-the-art cinemas, a fitness center, and retail areas where you can shop your heart out.

Finding, doing more

Many others like the European vibe at the McKinley Hill so much that they chose to celebrate their milestones here. And for that you have the likes of Blue Leaf Events Place, a modern Asian classic structure nestled at the heart of a thriving business hub. Three halls that can serve as a blank canvass that you can transform into however you wish it offer an ideal backdrop for any occasion: you have the Banyan Pavilion, which has a capacity of 300 guests; Silk Pavilion, 250 guests; and Jade Pavilion, 200. Even Enderun Colleges offers an Asian colonial-inspired architecture for its events facilities with contemporary interiors and integrated technologies.

McKinley Hill has grown into Metro Manila’s ‘most diverse’ community

Mckinley Hill Village

McKinley Hill has grown into Metro Manila’s ‘most diverse’ communityYet again, it doesn’t end here. McKinley Hill is also home to the embassies of Italy, South Korea, United Kingdom, and United Arab Emirates, while sports enthusiasts will surely find themselves heading over to the 15,000-sqm McKinley Hill Stadium, the only full scale football stadium in Fort Bonifacio that adheres to international football standards. This massive stadium a capacity of 1,750.

The massiveness of what you can find, do and enjoy at the McKinley Hill is overwhelming to say the least—a heady experience particularly for a first-time guest. Truly, Megaworld’s claim of having the most complete township in terms of features, retail and dining establishments, investment options, institutions, offices, entertainment hotspots in McKinley Hill presents a more cultural and diverse life with choices reminiscent to experiences in European culture.

And I think that’s the beauty of this township: there’s a certain flexibility to it—one will not find it restraining nor confining, rather here, you can very well chart your own path, find prime opportunities for personal and career growth, and best of all, live the modern life you want and deserve.

McKinley Hill has grown into Metro Manila’s ‘most diverse’ community

Source: https://business.inquirer.net/277950/mckinley-hill-has-grown-into-metro-manilas-most-diverse-community

Megaworld commended for successful Wellness Fair 2019

Megaworld

by Edwin Allan Diaz

The guest speakers for Megaworld’s Wellness Fair 2019 were all praises for the company as the event was considered a big success. Hosted annually, the fair was held on August 16 at the Alliance Global Tower.

Kenen Rouse Gonza, RND, the resource person for the talk “Nutrition and Diet: Myths and Facts,” held at the 25/F Faith Room, said 50 to 70 percent of employees in attendance already knew how to take care of themselves. He supplemented their knowledge with basic tips on diet, lifestyle and exercise.

Pinaka-reluctant sila sa exercise. Kapag food, buhay na buhay sila, pero kapag exercise ‘yung iba nakasimangot,” said Gonza. He believes that Megaworld can improve the health of its employees further after his private consultation with some of the employees in the afternoon, a first for Megaworld’s Wellness Fair.

Kasi ‘yung tatlong patients na na-handle ko na overweight, may problem sila sa puso, including hypertension and cholesterol,” he said. He commended Megaworld for having exercise equipment in the building. He stated that it empowers people. “Kahit gaano kaganda ang recommendations ng dietitian, kung wala namang proper exercise useless siya,” he said.

Meanwhile, the blood donation drive opened as early as 8:30 in the morning, while the wellness booths were allowing people in as early as 12:30 p.m.

Megaworld

Megaworld

Employees who registered at the booths at the entrance of The Great Hall at the 26/F received an apple, a Fruitas gift certificate, and a “bingo” stub. The stub was equivalent to one raffle entry for the afternoon raffle.

Megaworld

Megaworld Wellness and Security Bank raffled off a 32-inch Smart TV, among other appliances, as well as numerous gift certificates at the end of the Wellness Fair.

All throughout the event, employees were invited to the stage for various games.

Megaworld

Megaworld

Megaworld

They also participated in the salad making activity, which tested their ability to create healthy meals on the spot.

Megaworld

In the afternoon, Sun Life Financial’s Iris Lara Nuñez gave a talk on how to become financially prepared for the future. Her advice? Start saving small, no matter what amount, because it will eventually grow in the future.

Nuñez applauded the company for its love for its employees. “I am very impressed with Megaworld. You really take care of employees not just by making sure they get their benefits, but also by educating them, and empowering them to do things independently.”

Megaworld

She added, “The truth is, an employer can only do so much. At the end of the day, it’s the employee’s responsibility toward himself/herself to really take care of his/her finances and health. I see so much excellence in how you treat your employees, Megaworld. Keep on doing it because the ripple effect of these benefits helps Filipinos live a better life.”

Thank you for supporting this year’s Wellness Fair, everyone! See you next year!

Photos by Mark Manlangit

Source: http://insideworldnewsletter.com/2019/08/megaworld-commended-for-successful-wellness-fair-2019/

Megaworld BGC Condos for Sale 

8 PH firms land on Forbes list of Asia-Pacific’s top listed companies

MANILA, Philippines – Eight major Philippine companies landed on Forbes Asia magazine’s inaugural “Best Over a Billion List” which spotlights 200 best-performing publicly-listed companies with revenues of at least $1 billion across the Asia-Pacific region.

The local companies that made it to the roster are: Ayala Corp., Cosco Capital, GT Capital Holdings, JG Summit, Jollibee Foods, Megaworld Corp., San Miguel Food and Beverage and SM Investments Corp., Forbes Asia said in a press statement on Wednesday.

From a universe of 3,200 listed companies in the Asia-Pacific region, Forbes said candidates for the “Best Over A Billion” list had been evaluated based on more than a dozen metrics including their average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years.

“Those having the highest composite score earned a place in the final list of 200. The goal is to find the region’s best-run companies that are doing well on not just one metric but across many of them. The result is a list that represents the best of Asia-Pacific’s big companies,” the magazine said.

The biggest companies on the list by market value hailed from the technology sector and the region’s largest markets, including internet giants Alibaba and Tencent, as well as semiconductor giants Taiwan Semiconductor Manufacturing Co. and SK Hynix.

Fast Retailing, the operator of the Uniqlo apparel chain founded by Japanese billionaire Tadashi Yanai, is among the 10 largest companies on the list by market value.

Source: https://business.inquirer.net/277702/8-ph-firms-land-on-forbes-list-of-asia-pacifics-top-listed-companies?utm_medium=Social&utm_source=Facebook#Echobox=1566963541

BGC
The BSP reported over the weekend that property prices continued to pick up as the residential real estate price index (RREPI) went up by 3.1 percent to 119.9 in the first quarter of the year from 116.3 in the same quarter a year ago.

Lawrence Agcaoili (The Philippine Star) – July 1, 2019 – 12:00am

MANILA, Philippines — The cost of acquiring homes rose for the seventh straight quarter in the first three months this year after a series of interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) last year to curb rising inflationary pressures.

The BSP reported over the weekend that property prices continued to pick up as the residential real estate price index (RREPI) went up by 3.1 percent to 119.9 in the first quarter of the year from 116.3 in the same quarter a year ago.

The RREPI measures the average change in prices of various types of housing units based on data from housing loans granted by universal, commercial, and thrift banks.

The RREPI has been rising since the second quarter of 2017.

The BSP said prices of condominium units and townhouses grew by 10.9 percent and 9.6 percent, respectively, year-on-year, while prices of duplex units and single-detached housing units decreased by eight percent and 1.7 percent, respectively.

The RREPI was also higher by 1.6 percent versus the fourth quarter of last year.

The BSP said residential property prices were higher in both the National Capital Region (NCR) and areas outside NCR.

The average residential property prices in both NCR and areas outside NCR went up by 8.7 percent and 0.4 percent, respectively, compared to year-ago prices.

“In NCR, the rise in the average residential property prices was largely due to the increase in the prices of condominium units. In areas outside NCR, all types of housing units registered price increases, except for single detached houses, which recorded a decline,” it said.

For the first quarter, seven in 10 or 74 percent residential real estate loans (RRELs) were for the acquisition of new housing units.

By type of housing unit, 46.2 percent of residential property loans were for the purchase of single detached units followed by condominium units with 44.5 percent, and townhouses with 8.6 percent.

By area, majority of the loans granted in the NCR were for the purchase of condominium units, while loans granted in areas outside NCR were for single detached houses.

The BSP placed the real estate and project finance exposures of Philippine banks under tight watch after debt watchers and multilateral lending agencies raised the red flag over the possible overheating in the economy,

The BSP has approved enhancements to the prudential reporting requirements in order to strengthen oversight of banks’ real estate and project finance exposures.

The reportorial enhancements form part of BSP’s macroprudential toolkit and would give the regulator a better grasp of the extent and quality of exposures of big banks to project finance, especially since demand for project finance is expected to increase and gain further traction as the country moves towards achieving its infrastructure goals.

Source: https://www.philstar.com/business/2019/07/01/1930821/property-prices-7th-straight-quarter#ClE52zOPAdytVvAy.9

Uptown

Uptown Bonifacio is the new city borough, with a balance of tall skyscrapers, variety-filled podiums, and street-level excitement.

Photo Release

CITY SENSE By Paulo Alcazaren (The Philippine Star) – May 6, 2019 – 12:00am

MANILA, Philippines — The world’s greatest cities are not a homogenous mass of buildings in nameless blocks receding into the horizon. The best ones are an engaging composition of districts—well-connected, walkable, and with a mix of uses that give each a distinctive character; that defines the experience of the place, its genius loci.

Such places evolve over time in western cities, but modern Philippine urban development dances to a much faster beat than the world has known. The rhythm of metropolitan Manila today is set by Bonifacio Global City, and most interestingly by newer sections of this premier urban site.

As recently as a decade ago, construction and development were centered in sections of Bonifacio Global City below 32nd street. That street was the main corridor that connected BGC with the rest of the metropolis via C-5 on the East and EDSA (via Kalayaan) on the West.

Just like New York City, this older district, the de facto downtown of BGC, is now congested. A flashy new district is quickly developing north of this, between 35th and 38th Streets, a cluster of about eight city blocks, known as Uptown Bonifacio and developed by the maverick Megaworld Corporation. But more than just flash, this new city borough is filling out quite well, with a balance of tall skyscrapers, variety-filled podiums, and street-level excitement.

BGC
A flashy new district is quickly developing north of BGC, between 35th and 38th Streets, a cluster of about eight city blocks, known as Uptown Bonifacio and developed by the maverick Megaworld Corporation. Photo Release

What’s up in Uptown?

I first noticed this section of Fort Bonifacio a few years ago as 9th Street became my favorite route out of the district from the crowded center. On the Eastern side of the street is a wide promenade, called the Uptown Parade, flanked by a 25,000-square meter urban lifestyle complex that houses what reportedly is the biggest nightlife destination in the country—The Palace—surrounded by an eclectic mix of specialty restaurants, bistros, cafes, and bars. It’s a cool place with a chill vibe, and not just for the millennial demographic.

This 10-meter wide pedestrian paradise runs the length of the district and reminds me of Orchard Road in Singapore crossed with Xintiandi, the premier shopping street in Shanghai. South of The Palace block is the five-level Uptown Mall that houses chic and trendy fashion shops, international luxury brands and even more dining destinations. The upper floor houses world-class leisure and entertainment amenities, with the podium topped with a green roof, complete with a chapel.

On the opposite side of both Uptown Mall and Uptown Parade is a row of luxury condominiums, three of which are complete and one on the fast track to completion. The four luxury residential towers include One Uptown Residence, Uptown Ritz, Uptown Parksuites, and Uptown Arts Residence.

Uptown

Residents have exclusive direct access to Uptown Mall via an air-conditioned underground walkway.

Luxury is a green skyscraper­—or four

One Uptown Residence is a 44-storey glass and aluminum tower with several green features, including a green wall and several sky gardens. Residents have exclusive direct access to Uptown Mall via an air-conditioned underground walkway. High-end retail outlets and gourmet restaurants are set to open at the ground floor. The condo has all the bells and whistles, a swimming pool complex with an in-pool lounge and wooden sundeck, a Zen garden, an alfresco lounge, gym and aerobics room, a yoga room, game room, basketball court, indoor and outdoor play areas, and multi-purpose function rooms.

Uptown

The place offers a walkable lifestyle complex that truly lives up to the goal of an integrated live-work-play concept, a signature of all Megaworld’s developments.

Next door, the Uptown Ritz is even ritzier. The 45-storey “all-suites” residential condominium is a low-density residential development with as few as six units per floor. A bi-level podium amenity deck features an expansive 18-meter lap pool, a children’s play area with sunken lounges, a two-level nursery, a function room, along with a state-of-the-art fitness center and spa complex.

Taller than the first two, the Uptown Parksuites stands 50-storeys high and features a total of 35 recreational amenities and facilities. Each commodious unit features floor-to-ceiling windows, offering the best views of the Makati CBD and Fort Bonifacio skylines. There are sky lounges located on six different floors and its exclusive amenity deck on the 5th floor features a resort-quality swimming pool and spa complex.

In addition to its state-of-the-art fitness center (indoor and outdoor), there is a meditation area, a reflexology walk, a kid’s play area with sunken lounges, a two-level nursery, and even a hammock area for snoozing on weekend afternoons. The Uptown Parksuites also boasts of a podium with shops and restaurants, a business center, Laundromat, a reading nook, and multi-purpose halls.

The fourth tower is the Uptown Arts Residence, a 45-storey residential tower with nine levels of parking and first-class amenities comparable to its three skyscraper siblings.

This tower is guaranteed to be an award winner like the rest. At the 2016 Philippine Property Awards, the Uptown Ritz won for Best Residential Architectural Design. The project was also highly commended in the Best Luxury Condo Development category. That same year, and in the same awards event, Uptown Parksuites earned a nod as “highly commended” for its architectural design. The following year, One Uptown Residence won at the 2017 Philippines Property Awards for Best Architectural Design.

Uptown

On the opposite side of both Uptown Mall and Uptown Parade is a row of luxury condominiums.

More than just shops and condos

Uptown Bonifacio is not just a condominium complex. The district also hosts modern office towers, including the 20-storey Alliance Global Tower, the headquarters of the Alliance Global Group, Inc. companies. Megaworld Corporation itself holds office in the complex, and the district’s towers are attracting even more companies to add to the top BPO operations already there.

These office towers, the condominiums, and in fact the whole Uptown Bonifacio development, is strategically located beside the proposed Skytrain Uptown Station—a monorail project of Megaworld’s sister company Infracorp meant to connect Fort Bonifacio to MRT Guadalupe Station in Makati City. A few blocks away will be the planned Kalayaan Station of the proposed Mega Manila Subway project.

The planned monorail is a P3.3-billion project that will utilize an automated cable-propelled monorail technology. The system is projected to reduce the travel time from Fort Bonifacio to MRT Guadalupe Makati to only five minutes.

Uptown Bonifacio is a complete urban district, with its own identity, architectural character, landscape theme, and urban design verve. It is physically well-connected to the rest of the city via its wide 9th street promenade, a parade that is pleasant during the day and pulsates with life after hours, along with the planned rail connections above and below ground.  The place offers a walkable lifestyle complex that truly lives up to the goal of an integrated live-work-play concept, a signature of all Megaworld’s developments.

Cities may have their downtowns, but they always level up with their uptowns. Uptown Bonifacio is a cut above the rest, but it is not resting on its laurels, with more in store as its beat goes on.

Source – https://www.philstar.com/lifestyle/modern-living/2019/05/06/1916130/its-always-upbeat-uptown