Robinsons Land Corporation bought a huge property in Malabon City

Posted by Jun on December 12th, 2011

map of the different cities in Metro ManilaIn the October 18, 2011 issue of the Manila Standard Today, it was reported that Robinsons Land Corporation of taipan John Gokongwei bought 2.85 billion pesos of properties, for land banking, in several places, including one in Malabon City. Land banking is the practice of buying properties for future use or buying land without any current definite plan on what to build on it.

So far, Robinsons Land Corporation (or RLC) is the biggest real estate developer to invest in what could possibly be the biggest property development in my home city. And this makes me wonder… Why?

Malabon City has earned the unenviable reputation of being The Flood Capital of Metro Manila.

It has 21 barangays and most people who do not live in Malabon think that the entire city is flood-prone. That is not true. There are at least four barangays that remain generally or partly flood-free regardless of how heavy the rain is, and that includes the barangay where I live – Tugatog (which means zenith or apex in English) – the highest elevated barangay in Malabon. The others are Barangays Acacia, Tinajeros and Potrero. Read the rest of this entry »

Ayala Corporation is in the best position to rehabilitate PNR’s Southrail Line

Posted by Jun on December 1st, 2011

A modern, fast and reliable railroad system that can transport commuters and cargo over long distances is a major factor that will open new real estate markets outside Metro Manila; will mitigate massive human congestion therein and stimulate economic growth in the countryside.

But with the way the Philippine National Railways (PNR) rehabilitated the Southrail Line – from Tutuban to the Bicol Region – what we have is a railroad system that is neither modern, fast nor reliable.

If our railroad system is to live up to its full potential, its modernization should be left in the hands of the private sector. And if there’s one company that has the motivation, vision, ability and financial muscle to do it, it is Ayala Corporation. Read the rest of this entry »

Trains will open up new real estate markets outside Metro Manila and stimulate economic growth in the process

Posted by Jun on November 29th, 2011

image of a PNR commuter train in transitIn my last post, I concluded that the condominium boom in Metro Manila should not be viewed as a sign of a healthy Philippine economy. Massive human congestion has resulted to serious scarcity and high cost of land leaving developers no choice but to build vertically.

Metro Manila has become what it is today because of the over-concentration of businesses plus recreational, cultural, and institutional facilities therein – elements that are barely present in many parts of the countryside. Read the rest of this entry »

Is the condominium boom in Metro Manila a sign of a healthy Philippine economy?

Posted by Jun on November 24th, 2011

image of different condominium buildingsSeptember of last year, I wrote about what I perceived as a condominium boom in Metro Manila. For several weeks, I perused the newspapers and listed down the condominiums that were being advertised. I stopped counting upon reaching almost 200 condominium brands in Metro Manila alone. More than a year later the trend continues. Read the rest of this entry »

Condominium project to rise along E. Rodriguez Sr. Avenue near the corner of Tomas Morato

Posted by Jun on July 22nd, 2011

image of a man and a question markI just received communication from the coordinator of a developer I am accredited with enumerating a number of their upcoming condominium projects. The materials I received were clearly for internal use only and are not supposed to be shown to the public yet.

The information I am about to disclose are done purely through my own initiative. Moreover, the information I am about to reveal are not meant to sell the project as it won’t be for sale until October of this year. This is purely for announcement purposes and is meant to probably give you time to think about what might possibly become one of the hottest selling condominium projects around. Read the rest of this entry »

Fianchetto Homes: an alternative way of owning your house

Posted by Jun on July 11th, 2011

Are you willing to share your home with other families or groups of friends? What’s at stake is your family’s privacy and peace and quiet. But what if in exchange for such, you will be able reduce by half or more the monthly amortization that you are paying for your house?

It’s called co-habitation wherein your family occupies parts of your house and rents out to other people those that you can spare. If you are open to such an arrangement, Fianchetto Homes may be just for you. Read the rest of this entry »

Portovita: a new condotel in Cubao, Quezon City

Posted by Jun on July 9th, 2011

image of the scale model of PortavitaOnce the country’s premier shopping and entertainment destination, Cubao was overtaken by Makati in the 1980’s.

Currently, Araneta Center, Cubao’s commercial hub is undergoing a rebirth with so many modern developments taking shape therein. All these are meant to bring the place back to its former glory.

One thing Cubao is well known for are the various modes of transportation in the area – the confluence of the MRT 3 and LRT 2 at the intersection of EDSA and Aurora Boulevard and the various bus and FX terminals plus the availability of so many taxis and jeepneys that puts one at the center of important destinations both near and far. Read the rest of this entry »

E-VAT and Closing Fee: what catch many first time real estate buyers by surprise

Posted by Jun on July 1st, 2011

This post is meant for those who are planning to buy, for the first time, real estate properties from developers, whether it’s a lot, a house and lot package or a condominium unit.

Many first time buyers have this notion that buying from a developer simply involves payment of two costs: the down payment and the monthly amortization. I can’t blame them, because most developers, in their desire to entice buyers, often initially specify only the down payment and the amortization and remain silent on other costs that ultimately inflate the final contract price of a real estate property. Read the rest of this entry »

Cielo: DMCI Homes’ latest offering at Mahogany Place III

Posted by Jun on June 29th, 2011

In Taguig, a city in southern Metro Manila, is where you will find DMCI Homes’ vast landholding – the 86-hectare mixed-use development dubbed the Acacia Estates. In it you will find DMCI Homes’ various projects like the condominium developments Rosewood Pointe, Royal Palm Residences, Cedar Crest and Cypress Towers plus the gated subdivisions of Mahogany Place I, II and III. Read the rest of this entry »

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