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Megaworld expands presence in Cavite
Megaworld Corp., the Andrew Tan-led property developer, is expanding its residential footprint within its 140-hectare Maple Grove township in General Trias, Cavite......»»
Megaworld expanding residential footprint in Cebu
Megaworld is expanding its residential footprint in Cebu......»»
Megaworld expands hotel presence in Palawan
Andrew Tan led-Megaworld is expanding its hotel footprint in Palawan......»»
FLI expands footprint in Rizal
Filinvest Land Inc., the listed property firm of the Gotianun Group, is expanding its residential footprint in Cainta, Rizal......»»
How coastal land reclamation can benefit cities and communities
Coastal land reclamation is increasing and will continue to grow and be a popular urban strategy in places that experience urban growth. [caption id="attachment_176366" align="aligncenter" width="1041"] Palm Jumeirah in Dubai, an artificial archipelago that houses some of Dubai’s luxury hotels, residences and entertainment venues. | Photograph Courtesy of Abid Bin Nazar.[/caption] This is according to a study, “Mapping 21st Century Global Coastal Land Reclamation,” that analyzed landsat satellite images from 2000 to 2020 to quantify spatial extent, scale and land use of urban coastal reclamation of 135 cities globally with populations exceeding one million. Key findings indicate that 78 percent of these cities have turned to reclamation to create additional land, resulting in 253,000 hectares of new land, an area equivalent to Luxembourg. Land reclamation is the process of creating new land from the sea. It’s often used in places with scarcity of land and high population density for many purposes. From Western Europe and West Africa to the Middle East, East Asia and Southeast Asia, these countries’ cities reclaim lands for port extension, residential/commercial and industrial purposes aimed at creating tourist and green spaces. “Coastal land reclamation is a forward-looking approach to urban development,” said Architect Ian Fulgar, the principal architect of Fulgar Architects. It allows cities to preserve valuable ecosystems and resources from urban sprawl by expanding spaces without encroaching on existing natural land. More importantly for architects, urban planners and modern city dwellers, it presents an opportunity to have purpose-built urban environments specifically designed to meet their needs. “Architects and urban planners can design sustainable and efficient infrastructure with a blank canvas, incorporating the latest technologies and best practices in urban planning. This approach can lead to more resilient and adaptive cities capable of mitigating the effects of climate change and other environmental challenges,” Fulgar added. Innovation, sustainability Singapore, Dubai and Hong Kong are some of the world’s most notable cities with impressive urban reclamation projects. Singapore’s Marina Bay Sands and Gardens by the Bay are testaments to the city-state’s commitment to innovation and sustainability. The former is a luxury integrated resort famed for transforming Singapore’s coastline and city skyline, while the latter is a spectacularly unique horticultural destination that combines art, science and nature. These reclaimed land developments further boost the country’s international reputation and real estate value around the area. Coastal land reclamation has significantly changed the geography of the United Arab Emirates. Dubai features ambitious projects now known as some of the most recognizable developments in the world, like Palm Jumeirah, an artificial archipelago shaped like a palm tree when viewed from above that houses some of Dubai’s luxury hotels, residences and entertainment venues, and The World, a groundbreaking project composed of small artificial islands in the shape of a world map. Lastly, Hong Kong’s commitment to preserving art, culture and ongoing sustainable urban development is exemplified by its West Kowloon Cultural District, a 40-hectare reclaimed site along Victoria Harbour’s waterfront designated as the city’s vibrant cultural quarter where the local arts scene can interact, develop and collaborate throughout its sustainability principles. “These projects have created iconic and visually striking landscapes by pushing the boundaries of engineering and urban design. Sustainability is often at the forefront, integrating practices and technologies that minimize environmental impact and enhance the quality of life for residents and visitors,” Fulgar pointed out. “Trends and insights on global reclamation illustrate the potential of reclamation projects in addressing various urban development, environmental conservation and community well-being needs, leading to more sustainable and resilient urban planning worldwide. By adopting these lessons and focusing on sustainable growth, the Philippines can capitalize on its potential and carve a path to a brighter future,“ Fulgar added. The post How coastal land reclamation can benefit cities and communities appeared first on Daily Tribune......»»
Megaworld breaks ground for P2.3 billion Palawan condo
c-led property developer Megaworld has expanded its residential footprint in Palawan with the construction of its first condominium in its Paragua Coastown township in San Vicente, Palawan......»»
Megaworld beats pre-Covid income
Property developer Megaworld Corp., led by businessman Andrew Tan, exceeded its pre-pandemic performance after net income reached P4.6 billion during the first quarter of the year. The figure is 30 percent higher than the reported P3.5 billion profit a year ago. In a stock report on Wednesday, the company said the improvement of profit was buoyed by the topline growth of all of the company’s core businesses. Consolidated revenues grew by 24 percent to P16.2 billion. “We start the year strong as we continue sustaining the recovery momentum of our businesses and finally grow past our pre-pandemic performance for the first time since the pandemic began in 2020,” Megaworld chief strategy officer Kevin L. Tan said. Adapting to new environment “This affirms our position in the industry and ability to quickly adapt to this new environment and capture opportunities,” he added. Consolidated revenues and net income from January to March are already nine percent and 11 percent higher, respectively, compared to the first quarter of 2019. Likewise, net income attributable to the parent company’s shareholders stood at P4.1-billion and grew by 33 percent compared to the same period last year. Real estate sales Real estate sales for the quarter also grew by 17 percent year-on-year to P9.4 billion due to the higher completion rate of its projects. Also, residential pre-sales surged by 71 percent to P39.6 billion during the quarter and already accounts for 30 percent of the company’s year-end pre-sales target of P130 billion. In its report, Megaworld pointed out that there was “renewed demand” in Metro Manila during the quarter, especially for its projects in McKinley West and Uptown Bonifacio in Taguig City. Leasing revenues, meanwhile, grew by 18 percent to P4.4 billion with the growth led by the performance of the mall segment. To date, Megaworld has 30 master planned integrated urban townships, integrated lifestyle communities, and lifestyle estates across the country. The post Megaworld beats pre-Covid income appeared first on Daily Tribune......»»
Megaworld expands residential footprint in Pasig
Andrew Tan-led Megaworld has expanded its residential footprint in Pasig with the launch of its third residential condominium inside its 12.3-hectare Arcovia City along C-5 Road in Pasig City......»»
DM Wenceslao expands Makati CBD footprint
D.M. Wenceslao Group, the listed property developer behind Aseana City, is expanding its residential footprint in Makati......»»
SM Prime unit expands Nasugbu beach homes
SM Prime unit Costa Del Hamilo Inc. is expanding its newest upscale residential community in Nasugbu, Batangas to cater to the growing demand for nature-friendly beach homes......»»
Century Properties expands residences
Century Properties Group has expanded its residential footprint with the recent completion of the first block of NULIV Townvillas at Acqua......»»
Philippines leads global growth in luxury home prices
Prices of uber luxury residential homes in the Philippines have skyrocketed, surpassing the price growth in any other place in the world......»»
Carmen’s Best to open more Metro Manila branches
Homegrown ice cream brand Carmen’s Best is further expanding its footprint after opening its second physical store located in Pasay City to provide more experience-based offerings to customers......»»
Nintendo Makes Official Switch Entry in PH Market, Appoints Local Firm as Distributor
Nintendo has officially appointed VSTECS Phils. Inc. as its distributor for the popular Nintendo Switch in a stride towards expanding its footprint in the Philippines. The announcement came as VSTECS posted the news on their Facebook page, saying that their appointment will enhance the accessibility and also aim to further the reach of Nintendo Switch […].....»»
Three times the funin Eastwood City township
The country’s friendliest global indoor multi-activity park from Finland opens in Megaworld’s 18.5-hectare Eastwood City township in Quezon City. The new SuperPark Philippines brings a plethora of fun from three themed zones and wows visitors with 21 high-energy activities that people of all ages will enjoy. Megaworld Corporation, through its subsidiary MegaPark Philippines, Inc., has collaborated with SuperPark for the exclusive license of two global multi-activity establishments in Metro Manila. “We are thrilled to open the doors of SuperPark Philippines and share the joy and adventure that SuperPark is known for worldwide. Megaworld Lifestyle Malls has been instrumental in bringing this vision to life, representing our commitment to creating a world where everyone can experience the joy of movement and play,” shared Juha Tanskanen, chief executive officer of SuperPark LTD. An unparalleled experience for thrill-seekers, sports enthusiasts and families looking for a day of fun and adventure awaits at the fourth level of Eastwood Mall in Quezon City and soon in McKinley Hills in Taguig City. Known as the world’s friendliest activity park, this dynamic facility will present a diverse range of synergetic world-class activities tailored to individuals of all ages and fitness. “We are excited to introduce a new dimension of entertainment to our valued patrons at Megaworld Lifestyle Malls. SuperPark Philippines is set to be a flagship attraction at Eastwood City, providing a dynamic space for Filipinos to bond, play and create unforgettable memories,” Graham Coates, head of Megaworld Lifestyle Malls shared. Thematic zones The ADVENTURE AREA provides a play haven for kids and their parents, featuring a multi-story playground — with climbing structures and obstacles, a toddler’s ball game and a digital wall. The zone promotes an active playstyle with visitors having the option to go for TapWall, FunBall or Sliding Mountain. Participants will be tested on their reaction speed, memory power and coordination in TapWall. For free-spirited fun, the FREESTYLE HALL awaits, sharing a mission of promoting health, happiness and a vibrant fitness culture. Guests can run around, jump into trampolines complete with a giant airbag, immerse themselves in mixed-reality games and scale digital climbing walls. The professional-grade trampoline airbag is safer and more hygienic than the usual foam pit. Try the Valo Jump, which comes complete with digital sensors and allows guests to bounce with plenty of missions and never-ending fun. Enjoy the Bagjump and Augmented wall climbing for some Augmented Reality fun. Patrons can engage in sports-themed activities and unique freeform mixed-reality games with digital twist parkour experiences in the GAME ARENA. The themed activities are fully augmented to focus on enhancing motor skills, improving balance and agility, and boosting stamina. The zone with the most number of activities and attractions boasts exciting stations that include: Iwall, Superball, Sub Soccer, Hot Stepper, Street Soccer, Skill Hoop, Table Soccer, Air Hockey, Cyclobeat, Super Dash, Valo Arena and Sissy Fox, Super Pinball and Street Game Court, among others. Since 2012, it has captivated audiences from Finland and became globally acclaimed in 2017. With Finnish roots influencing its approach, SuperPark values delivering joy through active play, fostering social interaction, prioritizing inclusivity, blending digital with physical movement, investing in research, embracing their Finnish heritage and believing in the power of joyful play. Creating safe, high-quality venues brimming with fun and activity across Asia and Europe, has made SuperPark a sought-after destination for corporate team-building events, recreational activities and celebrations. It’s not just any global indoor multi-activity park, SuperPark strives to bring endless smiles, laughter and “all-you-can-play” activities to all birthday heroes and their guests. A minimum of 15 people are needed for such bookings with the friendliest indoor park. SuperPark is one with the world to celebrate the most exciting season of the year — Christmas! SuperPark is ready to provide a perfect venue for super Christmas parties, super valuable bonding and get-together experiences. The park is uniquely facilitated for a SuperTeam Building. The activities also come with a SuperSquad Challenge where teams can decide the sequence of the tasks they wish to complete. Guests can book tickets and prepare for all-out fun via the SuperPark website or pay over the counter upon arrival at the park’s reception area. Tickets come in affordable packages with Junior Tickets available for P200 all days of the week. Adults who wish to partake in the fun activities have a weekday rate of P650 from Monday to Thursday, and a “Superday” rate of P750 from Friday to Sunday. Special grip socks that are needed inside the venue are sold at P75 per pair. The friendliest indoor activity park is also open daily during mall hours. Customers can also follow SuperPark on Facebook or Instagram for more information and to avail of special promos. The post Three times the funin Eastwood City township appeared first on Daily Tribune......»»
GCash expands in Singapore
GCash, the Philippines’ leading finance super app, doubles down on its presence in Singapore as it can now be used as a cashless payment option in both Alipay+ and Alipay China-enabled merchants. This further expands GCash’s availability in one of the most famous destinations in Southeast Asia. It has already been accepted by Alipay+ merchants in 2022, but now GCash can also be used to pay in select AlipayCN establishments. Some of these merchants include 7-Eleven, which has the largest convenience store network in the country at 450 branches; the largest orange juice vending machine operator, iJooz; the exclusive distributor of duty-free cosmetic products, The Shilla Duty-Free; and the largest taxi operator, ComfortDelGro taxis. “GCash is committed to always being there for our millions of users wherever they are here in the Philippines and all over the world. Thanks to our global partner Alipay+, GCash users can now go cashless in thousands more touchpoints in Singapore,” said Ren-Ren Reyes, president and CEO of GCash mobile wallet operator, G-Xchange. Aside from expanding its touchpoints, GCash is also making it rewarding for users to go cashless in Singapore. When they use GCash to pay in 7-Eleven, iJooz, and hawkers like Lau Pa Sat they can get P85 off from their purchase. Likewise, users can enjoy up to P400 off at ComfortDelGro taxi rides and their shopping at The Shilla Duty-Free stores. To claim these vouchers, head on over to the GCash app and tap the “A+ Rewards” button. In the dropdown button, select Singapore and scroll down to select a voucher to purchase. When paying for your purchases at these destinations, be sure to look for the Alipay+ or AlipayCN logo at the checkout. Open your GCash app and select the QR or PayQR button at the bottom of the screen. Scan the merchant’s QR code, or tap “Pay Abroad with Alipay+ or AlipayCN” to have the merchant scan your generated QR. Then, check the amount and click “Pay” to see the receipt. GCash is continuously expanding its international footprint in partnership with Alipay+. Aside from Singapore, the Philippine e-wallet can be used to pay in select Alipay+-enabled merchants across Japan, South Korea, Malaysia, Qatar, the United Kingdom, France, Germany and Italy. “Our users can expect GCash to further expand its global reach as we partner with more merchants in more countries,” Reyes said. The Philippine finance super app is also making its services available to more Filipinos who live abroad as the GCash app can now be used with international numbers in the US, UK, Canada, Japan, Italy and Australia. The post GCash expands in Singapore appeared first on Daily Tribune......»»
Homebuyers shifting to mixed-used properties
Mixed-used development, including townships and communities that feature commercial, residential, and recreational areas is commanding strong popularity among homebuyers. The Spectrum, a mixed-used condominium development, has gained recognition for its top-tier housing options. It was named “Mixed-Use Development of the Year—Luzon” at the prestigious Lamudi Outlook Awards 2023. The Spectrum’s win not only solidifies its status in the real estate industry but also highlights the Ortigas Central Business District as a prime site for mixed-use developments. Located on Julia Vargas Avenue corner of Garnet Road, The Spectrum places its residents right at the heart of the Ortigas CBD, and close to the best lifestyle destinations that urbanites seek. Teresa Tumbaga, division head, asserts that the recognition given by the Lamudi’s Outlook Award 2023, sets the stage for even greater prospects for The Spectrum and its role in Luzon’s urban development. “We are immensely proud of this achievement, which will spur us to craft even more exceptional living spaces for Filipino urban professionals in the metropolis and beyond.” Indeed, with The Spectrum’s proximity to multiple leisure dining, shopping and entertainment options, residents are spoiled for choice. The development is within striking distance of multi-national companies’ corporate headquarters, upscale hotels and restaurants, sprawling shopping malls, hospitals like Medical City, and some of the country’s renowned learning institutions like Saint Pedro Poveda College, La Salle Greenhills, and the University of Asia and the Pacific. The Ortigas CBD is likewise strategically close to the Makati CBD and BGC towards the south and the Araneta City towards the north. Still, while The Spectrum provides its homeowners with a prestigious address, equally important is how the condo features trademark amenities that include enhanced security measures; walkable swathes of greenery and landscaped spaces; swimming pools; fitness centers, and children’s play areas. “If you covet the ultimate condo lifestyle, look no further than The Spectrum, which lies at the crossroads of luxury and convenience,” Tumbaga enthuses. “On this note, we are gratified to know that Lamudi Philippines, a leading digital real estate marketplace, has found The Spectrum deserving of its Outlook Awards this year.” The post Homebuyers shifting to mixed-used properties 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......»»
Megaworld to build tallest condo in Visayas
Andrew Tan-led property giant Megaworld Corp. is putting up its tallest residential development in Visayas to date, which it expects to complete by 2029......»»
Filinvest Land expands industrial footprint
Filinvest Land Inc., the Gotianun–led property developer, is expanding its industrial footprint in the Southern Tagalog region......»»