Wednesday, September 26, 2012
Sunday, September 23, 2012
Saturday, September 22, 2012
Keep BPOs coming, property sector booming
FOUNDED and managed by (from left) Kittelson, lawyer Amanda Rufino Carpo, and Michael McCullough, KMC MAG Group since 1999 catered its services to wide array of clients from local to foreign multinational companies with the most creative and cost-efficient real estate solutions.
Despite its robust growth in the past decade, the country’s business process outsourcing (BPO) industry is still expanding. In fact, according to one of the Philippines’ leading residential real estate services providers, the end of this expansion is still nowhere in sight.
“The country’s BPO industry will remain strong and continue to experience robust growth for several more years,” said KMC MAG Group chair and cofounder Gregory Kittelson concurring to an industry road map that expects the industry to achieve annual revenue of $25 billion (P1 trillion) and employ 1.3 million individuals by 2016.
The country’s BPO industry is gearing up for a 20 percent growth this year.
This development bodes well for the Philippine-based commercial and real estate service provider that already leased out more than 46,000 sq m (that’s 4.6 hectares) of floor space (largely in Metro Manila) since it started operations in 1999.
Keyrole
Kittelson said: “Metro Manila offers very suitable infrastructures and abundant office spaces that so many multinational BPO firms aspire for. KMC MAG Group has played a key role by providing these firms with excellent office spaces that are right at the center of business districts and transport systems, allowing thecompany to become more accessible to current and potential employees and business partners.
The company’s efforts did not escape the regional attention as KMC MAG Group was cited as “Highly Commended Real Estate Agency”’ for the Philippines by the International Property Award-Asia Pacific (in association with Bloomberg Television and Google). The International Property Award-Asia Pacific identifies the highest levels of achievement in real estate, development, architecture, interior design and marketing in both the residential and commercial sectors, focusing on services, sustainability, high living standards, ergonomics, originality and creativity.
Kittelson said KMC MAG Group is able to achieve this because the company provides an all-around support not only for foreigners establishing BPOs in the country but also for multinational enterprises and local businesses that require similar services.
“Consider us as a one-stop shop for companies that intends to operate in the Philippines. With a wide access to proven network of vendors, we provide exclusive representation guarantee and commitment to personalized service regardless of the client’s size,” said Kittelson naming HTC (186 sq m), FOX (465 sq m), Omniglobe (2,044 sq m), Huawei (1,115 sq m) as well as NAC Tower (27,871 sq m) as some of its major clients.
He explained that while the majority of their clients are focused on tenant representation, KMC MAG Group has localized its services to cater to the needs of start-ups and call centers, offering unique services such as serviced offices and seat leasing facilities. “We utilize a process-driven team approach to deliver superior results and value for their clients,” he added.
Tremendous growth
Among the financial districts that is seeing tremendous growth, according to Kittelson, is the Bonifacio Global City, which is now being widely marketed as the ideal residential and business district next to Makati and Ortigas.
“The fact that BGC is already home to upscale residential condominiums attests to this,” said Kittelson whose company’s residential team works closely with corporate clients to find them housing within their place of operation.
Kittelson, together with Amanda Carpo, also leads Kittelson&Carpo Consulting, a firm that assists foreign companies in processing business permits, government compliance, work permits, payroll, visas, as well as executive search, requirements that every BPO or foreign company needs to set up a business in the Philippines (last year, the company registered over 150 foreign-owned BPOs in the country).
“Such services KMC MAG Group and Kittelson&Carpo Consulting provide allow ease and credibility to establishing businesses in the Philippines. With satisfied clients, we expect continued growth in the Philippines’ BPO industry as well as the Philippine economy,” he assured.
For a more comprehensive idea of the housing industry in Cebu City please visit gregmelep.com .
For a more comprehensive idea of the housing industry in Cebu City please visit gregmelep.com .
Thursday, September 20, 2012
Sunday, September 16, 2012
Saturday, September 15, 2012
Wednesday, September 5, 2012
Monday, September 3, 2012
Sunday, September 2, 2012
Saturday, September 1, 2012
Manila to host tallest building in PH–Lim
By
Philippine Daily Inquirer
Manila wants to catch up in the race for the highest and brightest skyline.
Mayor Alfredo Lim yesterday said his city will soon host the tallest building in the country with the construction of a 101-story structure at the Manila Bay South Harbor as part of its revival as a business and amusement center.
Lim said a foreign-based group of investors led by Incheon Metropolitan City international adviser Rev. Dr. Jeon Dae Gu and Easy Led Corp. Phil. president Man Young Yoon will undertake the project.
In a statement, he said some $4 billion will go into the development of a “global hub (in Manila) that will rival those abroad with glittering business and amusement activities 24 hours a day, seven days a week.”
It is expected to generate some 15,000 jobs starting with its construction, with the towering building marking its financial center. “(It) will be the highest in the country that will be built at no cost to the national and local government.”
A 73-story, 302-meter high condominium in Makati City is currently considered the highest building in the country.
Saturday’s announcement marked the first time Lim spoke with more detail about the envisioned South Harbor Expanded Port Zone (SHEPZ), which will cover around 36 hectares stretching from Delpan Bridge to Bonifacio Drive.
In February, the city government and the Philippine Ports Authority formed a committee to discuss large-scale developments under the project.
Among the priority sites for development are the areas along A. Bonifacio Drive at the north-eastern side, according to PPA General Manager Juan Sta. Ana in a statement then issued by City Hall.
Lim said the SHEPZ project would help Manila “reclaim its stature as the country’s financial capital,” a distinction that has been held for decades by Makati. Nancy C. Carvajal
Firm sets aside P4B for projects
CEBU-BASED property developer Cebu Landmasters Inc. is setting aside P4 billion as capital expenditure budget to finance four new projects in 2013.
These four projects include a 10-hectare property in the south of Cebu and a five-hectare property in Consolacion. The company will also build next year Park Central, a 20-storey office condominium in Cebu IT Park, and the second tower of Baseline Residences, which will have a commercial component, on Juana Osmeña St. “The best time to make decisions for developers to build properties and for buyers to buy homes is now,” Cebu Landmasters Inc. president and chief executive officer Jose Soberano III said in an interview on Friday.
“Strike while the iron is hot,” he said.
Soberano said the low interest rate, strong domestic liquidity, huge housing backlog and strong inflows of remittances prompted them to be aggressive in building projects in Cebu, which he described as an ideal destination for employment and education.
He said at no point in the country’s history has there been credit as “readily available to the market at low interest rates” as now.
No bubble
He said talks of a glut in the housing sector are just speculations triggered by fear, considering that the country still has “a huge backlog” in the economic and middle market segments or houses within the range of P150,000 to P3.5 million. The Bangko Sentral ng Pilipinas (BSP) earlier said there is no basis yet to concerns that a bubble is forming in the housing market. Last week, however, the BSP said it will impose additional controls on the exposure of banks to the real estate sector. The maximum allowable “real estate exposure” of a bank under the BSP guidelines is set at 20 percent of its total loan portfolio. Under the new rules, even investments by banks in securities issued by property firms, housing loans to individual borrowers, and loans to support development of socialized and low-cost houses are now included in the computation of “real estate exposure.” Soberano believes the move of BSP in imposing stringent regulations for banks in granting real estate loans is a step in the “right direction.” “A regular review is needed on the bank’s real estate account portfolio especially its receivables mix. We are experiencing the best of times in the real estate industry and the banks have important roles in ensuring the continued success by policing their own ranks,” Soberano said in a text message yesterday.
Cebu buyers
According to Soberano, the country still has 3.5 million underserved households nationwide, of which five percent or 175,000 are in Cebu. Unlike other buyers in the country who buy houses or condo units for investment or multiple ownership, Soberano said 70 percent of buyers in Cebu are new or first-time owners. “The challenge for developers now is to make their product irresistible to the market,” he said. He also urged developers to ensure the delivery of their project, otherwise failures will affect the reputation of other industry players. Cebu Landmasters Inc. has been in the real estate industry for eight years. Since its incorporation in 2003, the company has ventured into developing residential homes in the countryside. In 2010, the company launched Asia Premier Residences, a 17 high-rise condominium project at the Cebu IT Park. This was followed by the 18-storey residential condo development Baseline Residences on Juana Osmeña St. last year. Soberano said he also plans to venture into leasing commercial properties in the future.
Published in the Sun.Star Cebu newspaper on August 27, 2012.
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