Saturday, July 14, 2018
Maximizing opportunities in the ‘Bay’
Copeton Baysuites, an ultra luxurious residential project from Anchor Land, will rise in the bustling Bay area, in between key developments like City of Dreams and the planned Ayala Mall. |
All roads now seem to lead to emerging districts that offer businesses a huge potential for further growth.
For many investors, there is that conscious effort to look into new growth areas outside the more established, premier business districts, where space has become increasingly limited and rents, more expensive.
And if certain indicators are accurate, it seems that the Bay City—the reclamation area west of Roxas Boulevard and is split between the cities of Manila and Pasay on the north and ParaƱaque on the south—is enjoying a fair share of investors and homebuyers this early.
In terms of office space for instance, vacancy in the Bay area stood at only 1.8 percent as of end March this year despite the completion of new office buildings in 2017. This, according to Colliers International Philippines, can be attributed to a strong take up of office space.
For this year alone, it is expected that completed projects in the Bay area will make available some 273,000 sqm in leasable office space.
Despite this additional supply, Colliers still expects the Bay area to post one of the fastest growths in terms of office space rents, as demand from offshore gaming and knowledge process outsourcing firms puts upward pressure on prices. In the first quarter of the year, rents in the area were estimated to range from P675 to as high as P1,200 per sqm per month.
Similarly on the residential front, the Bay City showed the biggest decline in vacancy to 15 percent in the first quarter of the year, from a high of 19.1 percent in the previous quarter.
“We attribute this to the strong demand from the growing Chinese community which concentrated in Manila Bay area and portions of Makati CBD,” Colliers said.
“Manila Bay Area and Fort Bonifacio would be of interest as supply for the year will come from these two major submarkets, representing 31 percent and 52 percent, respectively, of upcoming supply for the remainder of 2018. The shifting trend in vacancy in these locations would be indicative of real demand. The decline in Manila Bay area vacancy supports the reported strong demand from Chinese nationals who are working for offshore gambling companies,” it explained.
Add to that the fact that the Bay City is near the Entertainment City, home to major gaming establishments Solaire, City of Dreams and Okada, which can also be a source of primary and secondary demand for residential space, whether permanent or short-term.
On top of these numbers, it would be hard to resist Manila’s charm, with its famed sunset, historic waterfront, the Manila Cathedral and the distinctive cultural character of Ermita and Malate, two districts that continue to draw crowds of foreign tourists yearly.
The Bay City thus offers a highly attractive, potentially lucrative proposition for any investor or homebuyer because of its strategic location—being the premier gateway for cross-over investments across the metro—and the numerous opportunities that one can tap, across real estate segments.
To tap the growing opportunities in Bay City, investors and homebuyers may consider one of the many projects of upscale developer Anchor Land Holdings Inc. in the said area.
As a pioneer residential developer in the Bay City, Anchor Land offers the 16-storey Copeton Baysuites, masterplanned to be an ultra-luxurious project that will rise along Macapagal Boulevard and right beside City of Dreams Manila, the heart of the gaming strip of Aseana.
From the extravagance that the name implies, the much-anticipated enclave that is Copeton Baysuites will feature three magnificent residential towers and will be highlighted with special features such as curtained walls and double glazed glass window panels.
Copeton Baysuites—named after Copeton Mine, a popular quarry where the hardest and the most precious diamonds can be harvested—was designed to match the extravagant lifestyle of Bay City. Here, one can revel in an opulent living space within a self-contained community where every need and luxury is well within reach—be it for business, retail or leisure.
Indeed, this limited opportunity to own part of the newest real estate masterpiece in the Bay City and to be part of an exclusive community of upscale and high profile personalities residing within the multi-billion dollar Entertainment City, is simply too good to pass up.
Read more: http://business.inquirer.net/253998/maximizing-opportunities-bay#ixzz5LD4cye8I
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Long Tall Howard Medina Reports: Gretchen Ho and Mikee Reyes in Nakhon Ratchasima, Thailand
Former Ateneo women's volleyball player Gretchen Ho and former UP basketball player Mikee Reyes are they spotted together as commentators for the 2007 Southeast Asian Games in Nakhon Ratchasima, Thailand.
Ho and Reyes are they accompained by Migs Bustos, Dyan Castillejo, Boom Gonzales, Mico Halili, Doc Ian Laurel, Gretchen Malalad, TJ Manotoc and Mozzy Ravena, they were spending time together to watch the volleyball and basketball games.
Gretchen is spending time at Korat Chatchai Hall to interview with volleyball players of ASEAN member countries.
For Mikee, he accompained by Prince Carlos and Franco Hernandez to watch the basketball events at Keelapirom Gymnasium.
While in Manila, the Philippines at the ABS-CBN Broadcast Center Studios in Quezon City, when the anchors and hosts of this coverage are Paolo Abrera, Julius Babao, Jorge Carino, Karmina Constantino, Cheryl Cosim, Ron Cruz, Karen Davila, Ces Drilon, Alvin Elchico, Ted Failon, Gretchen Fullido, Zen Hernandez, Henry Omaga-Diaz, Korina Sanchez, Alex Santos, Bernadette Sembrano and Boyet Sison.
The live coverage of the 24th Southeast Asian Games in Nakhon Ratchasima, Thailand is better than the 1992 Barcelona Summer Olympics and 1995 World Youth Day in Manila, Philippines were among those who faced good reviews by critics.
The coverage will run from December 6 to 15, 2007 on ABS-CBN-2, GMA-7, PTV-4, ABC-5 and CLTV-36.
Ho and Reyes are they accompained by Migs Bustos, Dyan Castillejo, Boom Gonzales, Mico Halili, Doc Ian Laurel, Gretchen Malalad, TJ Manotoc and Mozzy Ravena, they were spending time together to watch the volleyball and basketball games.
Gretchen is spending time at Korat Chatchai Hall to interview with volleyball players of ASEAN member countries.
For Mikee, he accompained by Prince Carlos and Franco Hernandez to watch the basketball events at Keelapirom Gymnasium.
While in Manila, the Philippines at the ABS-CBN Broadcast Center Studios in Quezon City, when the anchors and hosts of this coverage are Paolo Abrera, Julius Babao, Jorge Carino, Karmina Constantino, Cheryl Cosim, Ron Cruz, Karen Davila, Ces Drilon, Alvin Elchico, Ted Failon, Gretchen Fullido, Zen Hernandez, Henry Omaga-Diaz, Korina Sanchez, Alex Santos, Bernadette Sembrano and Boyet Sison.
The live coverage of the 24th Southeast Asian Games in Nakhon Ratchasima, Thailand is better than the 1992 Barcelona Summer Olympics and 1995 World Youth Day in Manila, Philippines were among those who faced good reviews by critics.
The coverage will run from December 6 to 15, 2007 on ABS-CBN-2, GMA-7, PTV-4, ABC-5 and CLTV-36.
Mother and daughter, rivals in love!
Sunshine Cruz and Bea Binene |
They are Rio and Claire, respectively. Rio is a simple island beauty who meets and falls in love with Nico del Valle (Zoren Legaspi). Their relationship is however thwarted by Miranda Aseron (Bing Loyzaga), Nico’s girlfriend when they were younger.
Claire grows up without knowing her real parents but when Rio, now successful woman, comes back to the Philippines, the unsuspecting mother-and-daughter cross paths and both end up falling in love with Joaquin (Benjamin Alves).
Bea said, “I am ready to tackle mature roles. I know that for every actor, roles evolve. I am challenged by this role, and to prepare for it, aside from studying the script, I tried to lose weight, which I was doing for the last three years.”
A former Kapamilya, Sunshine, on her part, said, “I am happy and honored to be given the chance to be in this very good show.” She added that she’s now a freelance artist, “so when there’s a good offer, I’ll be there to accept it.”
The intriguing drama series which premieres on July 16 also stars David Licauco, Raquel Villavicencio, Robert Ortega, Sharmaine Santiago, Geleen Eugenio, Nar Cabico and Freddie Webb in a special guest role.
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Tidbits: Happy b-day greetings today, July 14, go to Manny Pangilinan of PLDT, former Caloocan VM Nancy Quimpo, Roselle Monteverde, Romy Suzara, Nerissa Cabral, Mizbee Salvador, Dr. Mely Tan, Ricky Calderon, Armand Reyes and Edel dela Cruz… July 15: Julius Babao, K Brosas, Tessie Gozon, Robina Gokongwei, Tony Ocampo, Norma Virtucio, Amelia Miranda, Amy Santos, Don Christian, Evelyn Diga, Jon-Jon Nuesca, Pol Suarez, Clarence Clareno, Jonathan Valdez, Erick Macahindog, Leo Bukas, Jay Tamael, Roland Lerum and Julius Obregon…Happy wedding anniversary to Mayor and Mrs. Joseph Estrada…July 16: Carmen Soriano, Melanie Marquez, Rowena Bautista-Mendiola, Henry Zabarte, Baby Millado, Andro Lopez, Roel Villacorta, Sheryl dela Cruz, Rowena Bravo, Cali Tinsay, Jansen Macahindog, Kitchie Paulino, Joanne Angeles, Joshua Torino, Deo Macalma and Angel Javier Cruz of GMA Corporate Communications…