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Pueblo de Oro launches condo project in CDO
WESTWOODS Storeys will offer a total of 989 residential units, including 25-sqm studio-type and 56-sqm two-bedroom mode PHOTOGRAPHS COURTESY OF pueblo de Oro Development Corporation THE property stands out among other condominium projects with its expansive layout on a large land area. Pueblo de Oro Development Corporation, the residential development arm of Investment & Capital Corporation of the Philippines Group, has recently launched a P3-billion mid-rise condominium project in Barangay Carmen, Cagayan de Oro City. Dubbed Westwoods Storeys, the project consists of seven towers, each with six or seven floors, and is set on a 5.2-hectare plot amidst the protected urban rainforest of Pueblo de Oro. “Westwoods Storeys will contribute to mitigating the housing backlog, particularly in the City of Cagayan de Oro,” the company said. It will offer a total of 989 residential units, including 25-sqm studio-type and 56-sqm two-bedroom models with introductory prices ranging from P4 million to P8.9 million. Westwoods Storeys stands out among other condominium projects with its expansive layout on a large land area, providing a less crowded environment. It is thoughtfully designed to blend seamlessly with the surrounding rainforest, promoting environmental preservation that offers unit owners a harmonious connection to nature. Westwood Storeys also features a range of amenities, such as swimming pools, a playground, a multi-sport court, landscaped meditation decks, nature trails, rain gardens, pocket greenscapes, a family picnic area and a guardhouse with 24/7 security. Westwoods Storeys offers convenient proximity to various landmarks such, as SM City CDO Uptown shopping mall, St. Francis Xavier Parish Church, Xavier University-Pueblo de Oro Campus and the soon-to-open The Hub at Bamboo Lane commercial center. The whole development is expected to cost P3 billion, with the first tower set for turnover in 2026. Westwoods Storeys is Pueblo de Oro’s next vertical housing project following the successful Familia Apartments and Familia Apartments at Bamboo Lane. The latter received the Special-Purpose Development of the Year-Philippines award in the 2021 Real Estate Asia Awards. The post Pueblo de Oro launches condo project in CDO appeared first on Daily Tribune......»»
Mantawi Residences: Cebu’s next frontier of progress
Picture this: A luxurious, but safe and quiet abode. Yes, that’s the commitment of Mantawi Residences, the newly launched property of Robinsons Land Corporation Residences in Cebu. Who wouldn’t want to be in such a place that promises its residents ultra-spacious living spaces and built-in smart home devices? Not to mention exclusive and sizeable penthouses with multiple loggias where residents can comfortably marvel at the city’s skyline. For the Gokongwei-led RLC Residences, Mantawi Residences exemplifies condo design. It’s one of those properties where each element conspires with all the rest to create a singular experience. “We are happy to come back here in Cebu with another promising project, Mantawi Residences,” said John Richard B. Sotelo, RLC Residences senior vice president and business unit general manager. “We are very proud to finally unveil this development that we envisioned for our future residents who are on the lookout for a home and investment that they can proudly call theirs.” Mantawi Residences is the newest and most ambitious addition to RLC Residences’ roster of properties in Cebu after its successful projects in Azalea Place Cebu, Galleria Residences Cebu, and Amisa Private Residences. [caption id="attachment_122273" align="aligncenter" width="650"] MANTAWI Residences grand launch at Nustar Resort and Casino in Cebu. (From left) Allen Miranda, RLC Residences vice president and head of sales; Winnie Go; Heart Evangelista, RLC Residences brand ambassador; Karen Cesario, marketing head and chief integration officer; John Richard B. Sotelo, senior vice president and business unit general manager; Engr. Emmanuel Arce, vice president project management; and Stephanie Anne Go, business development and design head.[/caption] “Mantawi Residences marks yet another strong signal from RLC of its confidence in Cebu — the strength of its economy and the vibrancy of its people,” Sotelo said during the grand launch event held at the Nustar Resort and Casino in Cebu City. Sotelo added that Mantawi Residences reflects the best thinking of RLC Residences to date, with something they haven’t done even in Metro Manila — its sprawling 1.3 hectares of amenities. Add to that are their efficient space layouts with larger unit sizes and loggias, sustainable certification with EDGE (Excellence in Design for Greater Efficiencies) and BERDE (Building for Ecologically Responsive Design Excellence) and its curated retail areas. “We’ve brought our best thinking and understanding of the customers in Cebu, as well as those outside of Cebu and outside of the Philippines who are keen to invest in the Cebu market,” Sotela added. Upscale living Mantawi Residences is a four-tower premium condominium on the 20,328-sqm property with 474 units spread across the four 40-floor towers. The property, named after the Mantawi Festival, is situated along Ouano Avenue in Mandaue City. The pre-selling property offers 310 one-bedroom units (46 sqm), 148 two-bedroom units (92 sqm and 115 sqm), 12 three-bedroom units (138 sqm), and four penthouse units (207 sqm). Price ranges from P15 million to P60 million. [caption id="attachment_122277" align="aligncenter" width="525"] MANTAWI Residences Penthouse living room, dining and kitchen.[/caption] The opulent penthouse covers three bedrooms, a dining area, a kitchen, a living room, a study den, a utility room, a powder room, and a balcony. Sotelo disclosed that two of the penthouse units have already been sold. Stephanie Anne Go, RLC Residences assistant vice president and business development and design head, said each unit has upgraded home furnishings, including porcelain tile floorings, a kitchen with glass doors and a pantry cabinet, and glass shower enclosures. For the penthouse, the master bedroom’s toilet will have a bathtub. “We also want to make sure that most of the bedrooms of every unit will have their own loggia,” she said. “We have to be conscious about efficiency, not generally where we just want to put the bedrooms. Rest assured that all the units will be efficiently laid out.” Go ensures that there will be a feeling of airiness and openness in the property. Yes, fresh air and open spaces – who would have thought these two simple things could be luxuries for condo homeowners? The premier project enjoys a vast 1.3-hectare amenity area that provides landscaped areas, beach-inspired swimming pools, a cascading water wall, a pet park, and an outdoor play area, among others. Indoor amenities include a game room, a private theater, a fitness center, a kids’ playroom, and function rooms. It will also feature curated global retail brands on the ground floor. Mantawi Residences is near academic institutions, shopping destinations and hospitals. The area is also currently being modernized to become the main gateway of Cebu City. One of the critical projects in the area is the Department of Environment and Natural Resources’ rehabilitation of the Mahiga River. The property is also accessible to two progressive cities: Mandaue and Cebu City and is only five kilometers away from the Cebu-Cordova Link Expressway — considered one of the area’s progress indicators. Future developments are also in the pipeline, as the Mandaue government plans to develop the Metro Cebu Expressway and the Cebu Bus Transit, plus turning the Cebu International Port into an international cruise docking area. Another essential program is the development of a premier waterfront development featuring commercial space and a luxury district. Target market Cebu continues to be the biggest real estate outside Metro Manila, with the demand increasing from six percent in 2020 to 24 percent in 2021. Karen Cesario, RLC Residences senior director-marketing head and chief integration officer, said they target overseas Filipinos and growing professionals aged 35 to 45 as potential homeowners. A one-bedroom, 46-square meter unit starts at P15 million. “We did take a long, hard look at the price point that we feel the Cebu market is ready for and willing to take,” said Sotelo. “When we were made to look at the design specifications and the features that we have incorporated into the building, we felt that it’s worth more than our previous premium properties. We are guided by what the market is telling us, what and how our competition also prices. The market in Cebu is telling us that it is ready.” Sotelo added that they expect to break ground Mantawi Residences in the fourth quarter of this year, with the turnover of the first tower by the fourth quarter of 2029. The post Mantawi Residences: Cebu’s next frontier of progress appeared first on Daily Tribune......»»
Unlock business success at Franchise Asia Philippines Expo
The Franchise Asia Philippines Expo 2024 is set to hold a series of dynamic seminars designed to empower entrepreneurs, investors and business enthusiasts with the knowledge and tools needed to thrive in the ever-evolving world of franchising. Slated from April 12 to 14 at the SMX Convention Center Manila, these seminars offer invaluable insights into key aspects of franchising and business growth......»»
Globe closed on an additional P1.16-B in tower sales
Globe Telecom, the Zobel Family’s telecommunications company, disclosed that it closed on the sale of another 91 cell towers to Frontier Towers to raise approximately P1.16 billion in cash......»»
Globe gets P5 billion from sale of towers
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»
BTr raises P120 billion from T-bond sale
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»
DOH, SPMC raise colorectal cancer awareness
THE Department of Health (DOH) and the Southern Philippines Medical Center (SPMC) collaborated to raise awareness about colorectal cancer causes and symptoms during the Kapihan sa Dabaw at SM Ecoland on Monday morning, March 25, 2024......»»
Training on COA compliance for government institutions
To guide government institutions on their compliance with the Commission on Audit Circular 2020-006, the Center for Global Best Practices will be launching a two-session online training titled “COA Guidelines and Procedures for One-Time Cleansing of Property, Plant and Equipment Account Balances” on April 18 and 19, 2024 from 1:30 to 4:45 p.m. via Zoom......»»
Knowing one’s IP right
Copyright registrations at the Intellectual Property Office of the Philippines or IPOPhl reached record-high levels last year. And this, according to IPOPhl, signifies increased awareness of the importance of copyright registration......»»
Rama: No need to rush RPT revision
CEBU CITY, Philippines – Cebu City Mayor Michael Rama said revising the Real Property Tax (RPT) wasn’t yet necessary, showing a sudden change in his position. At first, Rama said the RPT revision had to be done this month. Later, he told the council that imposing the RPT suddenly wasn’t necessary, showing a change in.....»»
Real-life BFFs Jerald and Nicco fulfill dream of working together on screen
The first time they met was in 2007 through Cultural Center of the Philippines’ Tanghalang Pilipino. ‘Sabay kaming humiga sa carpet ng CCP kahit bawal dun,’ recounted Nicco. ‘We were just dreaming about the things we are doing now (acting). We would eat together in a cafeteria na hati kami ng ulam lang. We really started.’.....»»
Real-life BFFs Jerald and Nicco fulfilln dream of working together on screen
The first time they met was in 2007 through Cultural Center of the Philippines’ Tanghalang Pilipino. ‘Sabay kaming humiga sa carpet ng CCP kahit bawal dun,’ recounted Nicco. ‘We were just dreaming about the things we are doing now (acting). We would eat together in a cafeteria na hati kami ng ulam lang. We really started.’.....»»
NAIA sale to pay debts
Amid the excitement over the successful privatization of NAIA’s rehab and operation, Finance Secretary Ralph Recto mused about the future of NAIA beyond the 15-year San Miguel concession period......»»
BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis
Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»
Citicore Energy REIT doesn’t deny report of potential 30% stake sale
Citicore Energy REIT responded to a Biz Buzz article that claimed a “blue chip conglomerate” (BCC) was in negotiations to acquire “a little less than 30%” of CREIT in a deal that would be completed “in the coming days or weeks”......»»
Kinuriskuris: Old Landmark
Aldevinco Shopping Center had been one of the most prominent landmarks in downtown Davao City for five decades until it was shutdown in 2021. Today, it is overshadowed by towering condominium buildings. Sketch by Keith Bacongco (Kinuriskuris is the urban sketching page of Mindanawon journalist Keith Bacongco. Kinuriskuris is Hiligaynon word for doodles)......»»
SYNC, Sierra Valley Gardens hold groundbreaking ceremonies
RLC Residences has recently broken ground on the new buildings of its two new construction milestones, SYNC and Sierra Valley Gardens. Present during the ceremonial foundation stone laying activity were RLC Residences executives and key officials from the construction partners: Terp Asia Construction Corporation, Monocrete Construction Philippines, Arknet Inc., R.B. Sanchez and W.V. Coscolluella Associates. “We are very proud of these milestones and equally excited to start constructing these new buildings. Sierra Valley Gardens Buildings 3 and 4 and SYNC N-Tower are among the many projects we recently launched to the public, each with unique features tailored to the needs and lifestyle of condo-seekers. We can’t wait to see these unfold and welcome our future residents to the home that they envisioned,” John Richard Sotelo, RLC Residences senior vice president and business unit general manager, said. Located in Bagong Ilog, Pasig City, SYNC is a four-tower residential development and currently the only condominium in the area with direct access to C5 Road. N-Tower, the third building of the development, was launched last October 2022 and boasts efficiently designed units with smart home features and productivity upgrades, and more than 20 indoor and outdoor amenities exclusively available to residents. Sierra Valley Gardens, on the other hand, is the first smart suburban community in Cainta, Rizal. Located within the Sierra Valley destination estate, the condo project offers studio to two-bedroom units with balcony options, equipped with smart home features and home upgrades, resort-like amenities and facilities, plus direct access to the soon-to-rise mall and office buildings within the estate. The post SYNC, Sierra Valley Gardens hold groundbreaking ceremonies appeared first on Daily Tribune......»»
Anissa Heights: For discerning home seekers
DMCI Homes’ upcoming project in Pasay City reaffirms the property developer’s commitment to providing quality housing options for a diverse range of home seekers. “Anissa Heights exemplifies DMCI Homes’ dedication to delivering housing solutions that adapt to the market’s evolving needs,” DMCI vice president for Project Development Dennis Yap said. The soon-to-launch Anissa Heights is a residential condominium located in P. Zamora, Pasay City, that aims to cater to a broader audience of individuals and families, offering the opportunity to own a home in a prime urban location. It provides easy access to key areas, including the Bay City, and convenient connections to Makati City through EDSA and other major road networks. Future residents will also appreciate the convenience of a transit-oriented development with the nearby MRT-3 Taft Avenue and LRT-1 EDSA stations. ANISSA Heights Its 1,390 units range from a studio type (16 sqm-26sqm) to one bedroom (27.5 sqm), ideal for rental business (short-term or long-term). This one-tower, 34-storey modern development influenced by the concept of urban living also features a wide array of amenities, such as a swimming pool, fitness gym, multi-purpose court, open sky lounge, entertainment room, play area and landscaped gardens, providing a complete resort-like experience. “This new project stands as a testament to DMCI Homes’ vision to redefine urban living, making it accessible to a diverse range of individuals and families,” Yap added. DMCI Homes is the Philippines’ first Quadruple A real estate developer known for building quality resort-inspired communities in Mega Manila, Baguio, Boracay and Davao City. It has more than 60 properties in its portfolio since its launch in 1999. The post Anissa Heights: For discerning home seekers appeared first on Daily Tribune......»»
New mission: BuCor reform
Following his tenure as chief of staff in the Armed Forces of the Philippines in 2015, retired four-star General Gregorio Pio Catapang chose to settle in Pampanga. Here, he embraced a simpler life as a farmer, relishing in the delights of native chicken, fresh produce, and the serene natural surroundings. “I am an environmentalist, so I decided to stay in Arayat, Pampanga, to be a farmer upon my retirement in October 2015, and I prayed, ‘Lord, it has been mission accomplished, so give me a new mission,’” Catapang narrated. The former military chief, the AFP’s 45th from July 2014 to 2015, is not a stranger to close encounters with mortality. Throughout his extensive service in the Philippine Army, from graduating from the Philippine Military Academy in 1981, he has endured several clashes with enemies, even more than one could count with the fingers. He held major positions in the AFP as commander of the 2nd Infantry Division — the Army’s largest unit, 7th Infantry (Kaugnay) Division, 703 Infantry Brigade, and 28th Infantry Brigade, among others. He also served as the Deputy Chief of Staff for Operations, J3, of the Armed Forces of the Philippines. His rise to prominence was not without hitches because he barely survived nine brushes with death. His strong faith in the Lord enabled him to be alive today. “The first incident that I encountered that almost ended my life was when I fell from the second floor of our house when I was just a kid; the second was when I was in the field where a provincial bus liner rammed the car I was in,” Catapang said. He was airlifted from Basa Airbase to V. Luna General Hospital and eventually transferred to Quezon City Medical City as he continued to bleed due to his severe injuries. “The doctor told me not to sleep because I might turn into a coma. So I fight on as the doctors continue to treat me,” he added. While still recovering, with his facial wounds still not yet fully healed, he was called by his commander to report back to work. “Nakangiwi pa ako dahil sa sugat (I was still grimacing in pain), but as a soldier, I followed the order, and that was then I realized that he was teaching me how to become chief of staff,” Catapang said, adding that as a good soldier, he had to endure the pain. He recalled that a chopper ride in the mountains of Cagayan also nearly took his life as it flew at 1,000 feet and traveled 18 knots. “The chopper is already old. I just have to make the sign of the cross as the chopper made a low-altitude flight due to poor visibility. We plunged downward, and I thought it was the end for me. But thankfully, the chopper normalized, and we safely landed,” he said. While in a restaurant in Angeles, Pampanga, Catapang said he was informed that NPA (New People’s Army) rebels would ambush him. “We ate at a chicken restaurant in Angeles and received information that I would be ambushed on returning to our camp. It was retaliation for the death of eight commanders of the NPA after movement patterns were detected based on information from barangay chairpersons,” he said. He cannot forget, too, that during the Pinatubo eruption in 1991, the roof of the building they were occupying collapsed due to the accumulated volcanic ash. Catapang, named after two generals — Gregorio del Pilar and Pio del Pilar — led his soldiers in helping the indigenous peoples in the area, giving them food, clothing, and other necessities. “The natives very loved us because of that,” he added. He said he is thankful to have emerged victorious and alive from the all-out war against Muslim secessionists in Mindanao. It almost ended his life, but he survived with solid faith in the Lord. Throughout his life, he consistently believed that prayers are always answered, particularly when reciting the rosary. Proof was when he fervently prayed to the Lord to allow him to marry his first girlfriend, and his request was granted. He married Maria Lourdes and has three children. Catapang’s early life lacked the excitement it later encompassed. He was a typical teenager. He attended high school at the Claret School of Quezon City. Shortly after graduating from PMA, he pursued graduate courses at the University of the Philippines. He is the second of four children of Gregorio Catapang Sr., a lawyer for the Securities and Exchange Commission, and Lourdes Punzalan, an accountant at the Department of Finance, from whom he learned the value of public service. As a military officer, Catapang rallied the troops to strictly adhere to the AFP’s slogan of “Kawal DISIPLINADO, bawal ABUSADO, dapat ASINTADO” — three key words that spell out the Do’s and DON’T’s to become proficient in fire and maneuver and avoid collateral damage; be respectful of human rights, adhere to international humanitarian law and the rule of law, and the rules of engagement. Catapang moved on with his career and retirement life, carrying an excellent performance standard, exemplary leadership and a keen vision. Answered post-retirement prayer After retiring from active military service spanning 34 years, he received a divine blessing through a new mission. Following seven years of working as a farmer, he experienced a life-altering moment on the evening of October 19, 2021. Justice Secretary Jesus Crispin “Boying” Remulla gave him an offer to lead the Bureau of Corrections. Unaware of the challenges that awaited him within the BuCor, especially at the New Bilibid Prison, he accepted the offer. It was only later that he discovered the appalling issues of corruption among the prison staff and the dire condition of the overcrowded facilities. Under the guidance of Secretary Remulla, Catapang’s mission to reform the BuCor is yielding positive results. They are actively organizing culminating activities to release eligible individuals who have been deprived of their liberty. To alleviate the overcrowding in the jail facilities, the BuCor is actively organizing and implementing various reforms. The main goal is to transfer all persons deprived of liberty from the maximum security compound of the NBP to new facilities outside of Metro Manila. Catapang is confident plans will come to fruition, as they have already presented their long-term reform plan to President Ferdinand Marcos Jr. for approval. “At present, the reformation of BuCor is in full swing. I am confident we will accomplish and make things happen,” he said. The NBP, he said, is undergoing a significant transformation. The plan is to shut down the NBP in Muntinlupa and repurpose the area into a new business district similar to Bonifacio Global City in the southern part of Metro Manila. Explaining the reason behind the decision, he said high-end residential communities surround the current location of the NBP in Muntinlupa. To align with the surrounding environment, the intention is to close down the NBP and relocate all inmates to regional jail facilities nationwide. Catapang shared plans to dedicate eight hectares of land within the NBP to improve the living conditions of the settlers and provide them with opportunities for reintegration into society. “We will build condominium units for the settlers at the NBP, complete with amenities like a swimming pool, multipurpose facilities, and the like. Repair of residential houses is no longer possible, including power lines, so we decided to allocate the lands for them,” he added. The government will optimally use the land area by developing it into a business and government center, aligning with the DoJ’s plan. To support the food security initiatives of the President, he said they have already started the cultivation of approximately 10 hectares of land at the Iwahig Penal Colony. The aim is to grow rice and high-yield crops, contributing to the government’s long-term food security plans. “Hopefully, this will be done also to other penal farms of BuCor because we have ample lands for cultivation,” Catapang said. For the BuCor Director General who refused to be defined by limitations and setbacks, the relentless spirit and passion for reforms radiate triumphs against the most formidable odds. The post New mission: BuCor reform appeared first on Daily Tribune......»»
Megaworld dev’t targets P5-B sale
Property developer Megaworld Corp. led by tycoon Andrew Tan is expecting to generate P5 billion in sales from building its fifth residential condominium development inside its 34-hectare Upper East township in Bacolod City. In a stock report on Wednesday, the company said the 26-story Kensington Sky Garden, scheduled for completion in 2029, will be the tallest residential development among its Visayas townships to date. The venture will be a two-tower residential development offering 643 smart home units located at the corner of Upper East Avenue and Bentley Street, just across the newly-opened Landers Superstore. Carrying a unique design that reflects Victorian era influences in New York — a city where The Upper East draws much of its inspiration — Kensington Sky Gardens units range from from Studio and Executive Studio (up to 40 square meters), One Bedroom (up to 56 square meters), Two Bedroom (up to 90 square meters), and Three Bedroom (up to 110 square meters). All unit sizes have either a balcony or a lanai. E Vehicle facility set According to Megaworld, the project is planned to have an electric vehicle-charging facility in its basement parking area, the first of its kind in Bacolod City, in preparation for the influx of electric and hybrid cars soon. Other green and sustainability features include low flow rate fixtures to promote water conservation, occupancy sensors in hallways and parking floors that help conserve energy, LED lights for units and common areas, a rainwater harvesting system, and its own materials recovery facility. The post Megaworld dev’t targets P5-B sale appeared first on Daily Tribune......»»