Annual Demand For Office Space At An All-Time High

Metro Manila

Annual demand for office space in Metro Manila is at an all-time high and already 2012 has overtaken the record of 360,000 sqm set in 2011, according to global real estate services firm Jones Lang LaSalle Leechiu (JLLL).

From January to October this year, office take-up in the metropolis registered at 230,000 sqm, observed Sheila Lobien, JLLL director for project leasing.

Of the 445,000 sqm of new office space available in the market for 2012, already 325,000 sqm were leased (142,000 sqm or 32 percent) and pre-committed (183,000 sqm or 41 percent).

It is expected that the bulk of the balance of 120,000 sqm will be leased before yearend.

She noted that an additional 200,000 sqm of office space coming available in 2013 was pre-committed even before the onset of the new year.

“We have recorded 413,000 sqm in the first 10 months of 2012. Matched with a very low vacancy rate of four percent across all the business districts, these figures appear to indicate rising business confidence.”

She disclosed that Bonifacio Global City (BGC) registered the lower vacancy of 25,000 sqm versus Makati’s 43,400 sqm. Since 2011, BGC has been consistently gaining the highest figures for pre-committed space among the leading business districts.

She noted: “We see BGC emerging as a preferred location. Interest in BGC developments still under construction – such as the 26-story W Fifth Avenue – runs high. Despite the fact that the building is set to be completed only in the second quarter of 2013, firms are already committed to take up space in the project,” said Lobien.

W Fifth Avenue will add 33,000 sqm of office space to BGC and is accredited by the Philippine Economic Zone Authority (PEZA), entitling locators in the building to tax incentives.

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs.

Avail of the opportunity to own a condominium unit in Cebu City together with your own parking space at the low amount of only P12,000.00+ and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.

                          

Spaces For New Condo Lifestyle

Cidades Park

November 28, 2012, 4:17pm

CIDADES PARK

Many define quality of life in terms of living in a good residence near work, school, and lifestyle centers, where travel time does not take away time for the family.

This is the quality of life that Calmar Land Development Corp. had in mind when it launched Cidades Park, a two-tower, medium-rise condominium development in Mandaluyong City. The condo experience there states convenience and high-quality with the good location, low-density occupancy, generous units, and high-end features.

Standing on a 5,000-sqm property at the corner of Samat and Lopez-Rizal streets, Cidades Park is only one block from Shaw Boulevard and the bustling Ortigas business district. The community is 10-15 minutes from Makati, Greenhills, and Bonifacio Global City and is accessible by public and private transportation.

The project sits on one of Mandaluyong City’s highest points and one of the few locations unaffected by flood. It is surrounded by residential areas, in a quiet neighborhood for a more intimate family gathering.

The 11-story condominium towers will be of mixed-use design, with seven floors of residential units and the first three floors dedicated to the lobbies and commercial spaces for retail and service conveniences to serve the residents and their visitors. Its medium-rise setup only allows a maximum of only 14 units per floor at both towers (total of only 210 units).

The development features premium space planning, ensuring that every unit will provide residents with the comforts and conveniences of a real home. Available are one-, two-, and three-bedroom units ranging from 40 to 118 sqm, and special Garden Units ranging from 61 to 175 sqm. The units are generously proportioned to accommodate future requirements of upwardly mobile individuals and starting families.

The generous unit layouts are further enhanced by high-end features rarely found in most condominiums. The units come with luxurious features such as a three-meter ceiling height in all units, 100 percent power supply backups, U-shaped kitchen with installed exhaust hoods, utility rooms even in a one-bedroom unit, provisions for washer/ dryer and multi-point water heater in bathroom, cable TV connections in all rooms, and multitude of electrical outlets that dispenses with the use of extension cords in the kitchen.

From the two-story high driveway and al-fresco lobby to its elegant tower lounges and spacious hallways, every corner evokes inspired design concepts. The 1:1 unit to parking ratio provides residents with carports within the development. Security is guaranteed with 24/7 CCTV installations.

Sixty percent of the development is dedicated to open spaces and amenities. The podium level at the fourth floor is home to the Podium Park, featuring three pools (lap, adult, and children’s), gazebos and cabanas, and playground and picnic benches set amidst the tropical trees and landscaping.

The indoor amenities include a fully equipped fitness gym, day care center, and multi-purpose function rooms; all designed to cater to a wide range of activity choices, from the leisurely and relaxing to the active and exciting.

The Garden Units at the podium level, are a class of its own, coming with open deck and garden.

With almost 25 years of experience in property development and over 20 years of projects in its real estate portfolio, Calmar Land is known for its residential projects across the CALABARZON and now in Metro Manila.

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs.

Avail of the opportunity to own a condominium unit in Cebu City together with your own parking space at the low amount of only P12,000.00+ and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.

                                                                                                                                                           

The National Land Use Act | The Manila Bulletin Newspaper Online

The National Land Use Act | The Manila Bulletin Newspaper Online

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs.

Avail of the opportunity to own a condominium unit in Cebu City together with your own parking space at the low amount of only P12,000.00+ and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.