SMDC allots P71B for residential projects

By Neil Jerome C. Morales (The Philippine Star)

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SMDC ANNUAL STOCKHOLDERS’ MEETING: SMDC vice chairman Henry T. Sy Jr. (right) exchanges a few words with Henry Sy Sr., chairman of SMDC, before the start of the stockholders meeting yesterday at the SMX Convention Center in Pasay City.       MIKE AMOROSO

MANILA, Philippines - Condominium builder SM Development Corp. (SMDC) will spend P71 billion to complete existing projects and enter new property ventures in the next three years, top company officials said yesterday.

“In the next three years, SMDC will spend P71 billion to drive its expansion activities,” said newly-appointed SMDC president and chief operating officer Jeffrey Lim.

The residential arm of the country’s richest man Henry Sy has a considerable landbank in Metro Manila good for the next five years, he said.

“For the year 2013, SMDC will spend approximately P20 billion in capital expenditures – P13 billion for project development and P7 billion for landbanking,” Lim said.

It will be followed by P26 billion and P25 billion spending in 2014 and 2015, respectively.

“For 2013, we plan to launch four new projects and expand three existing developments in Metro Manila,” said SMDC vice-chairman and CEO Henry Sy Jr.

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Sy said SMDC will continue to focus largely in Metro Manila in the medium term given robust demand in the area.

The property developer will launch 13,000 units this year, almost double the 7,000 units in 2012.

In the first quarter, SMDC’s consolidated net income jumped 12 percent to P1.4 billion due to “improved gross profit margin and increased economies of scale.”

Real estate revenues rose four percent to P5.9 billion.

Lim said of its 173 hectares landbank, 69 hectares are located in Metro Manila, with the remaining in Davao and Cebu.

Sy said the substantial landbank is enough to support more developments in the next five years.

“We are really looking at those areas [Davao and Cebu] but at this moment, we would rather concentrate in Metro Manila – the Mall of Asia area, Makati and Greenhills – where demand is the biggest at the same time the margin is very reasonable,” Sy said.

Sy said SMDC is still studying the market in China, which can be tapped given the successful business model of the condominium builder.

SMDC’s board of directors also declared yesterday a cash dividend of 5.3 centavos per share for stockholders as of May 24. This is payable on June 20.

As of end-2012, SMDC had 15 ongoing residential condominium projects all over Metro Manila, with the exception of Wind Residences in Tagaytay.

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 at the low amount of only P 9,333.33 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)555-84-64/09155734856/09173373687/09222737836.

Robinsons presents easy Lease-to-own package

New Resident Moves Into New Lifestyle Fast

Published: April 16, 2013

CANDA COUPLE

It was all about realizing a lifelong dream.
For Imee Canda, an assistant manager of a bank, having a home that she and her husband Elmer can call their own was an idea they have long contemplated.
But despite the offers consisting of “best financing options and schemes with super low interest rates,” the couple held back until recently when they found what they deemed as the most suitable property for their lifestyle needs, and the most practical scheme to ensure a stress-free home buying experience.
“We were renting an apartment in Sta. Mesa, Manila and we have actually been thinking about moving to our own home. We scouted many developers and model units, but my husband and I did not agree on some areas. It was only when we visited Woodsville that we became united with our decision,” Canda recalled.
Woodsville Residences is a three-hectare townhouse development of Robinsons Residences located in Woodsville City complex in Parañaque City.
But what sealed the deal for the Candas was the fact that Robinsons Land Corp. is offering its “Easy Lease to Own” scheme, which aims to give potential homebuyers a stress-free buying experience. Done in partnership with Robinsons Bank, this innovative financing scheme will make it easier for Filipinos to acquire their first home.
“It’s a first for us. We initially decided to go for the lease to own scheme because we thought that since Robinsons Land Corp. and Robinsons Bank are under one brand, the processing would be a lot easier,” Canda related.
To their surprise, they got more than what they expected as the people behind the program proved to be more than just helpful and accommodating in all their inquiries, making them realize that they got themselves the best deal in the market.
The RLC officer who assisted us had also been accommodating and made it easy for us. We just gave everything that they needed like the pre-approval requirements and that’s it,” she said.
It also took the couple only nearly a week to have everything processed and approved.
“The people have been accommodating from the bosses to their staff. Also, their loan rates are competitive. In our case, the lease to own scheme was the best option as it was a lot easier because it appears to be in-house financing. The bank has flexible payment terms that suits the capacity to pay of its client,” Canda noted.
Happy and satisfied, the Canda couple and their three kids are now living the life they have always dreamed of. “After 10 years, we are living our dream. Woodsville proves to be the best choice because of its spacious and classy layout. Also, it’s the idea of living in a community that is 70 percent green, making the place relaxing and safe for our family,” Canda concluded.
Robinsons Land’s “Easy Lease to Own” scheme integrates in one seamless package the lease payments (down payment and equity) on the property and the bank amortization on the contract balance (through the purchase option). The scheme is actually designed for first-time homebuyers and those who are currently renting and could not right away afford to move to a new home because of the 20 percent equity barrier required by most banks.
The scheme starts out as a lease, wherein the buyer would be able to move in quickly with minimal cash outlay. The lease period doubles as a down payment/ equity build-up period where rental payments are 100 percent deducted from the contract price interest free, while the purchase option will be financed by Robinsons Bank’s pre-bundled bank loan (up to 15 years to pay).

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 at the low amount of only P 9,333.33 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)555-84-64/09155734856/09173373687/09222737836.

Tycoon’s vineyard community to rise soon

By Theresa S. Samaniego
Philippine Daily Inquirer

10:55 pm | Saturday, April 13th, 2013

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ALLIANCE Global Group Inc. chair Andrew Tan with chief winemaker Beatriz Paniagua at the Finca Constancia Vineyard in Toledo, Spain

Tycoon Andrew Tan’s impeccable taste and discerning eye for all things refined are quite apparent in the way he does business.

But it would be Tan’s restless pursuit to always provide customers with new products and projects that are out-of-the-box and are capable of setting new benchmarks within their respective industries, that would make it harder for anyone to replicate such achievements.

Take for instance his latest brainchild, the Twin Lakes, a masterplanned community set to rise across hectares of prime land in the scenic Tagaytay and Laurel in Batangas. Upon completion, the Twin Lakes will not only allow future residents to bask in the refreshing views of famed Taal Lake and Volcano, but will also afford them to experience the first and only resort and community in the Philippines that features a vineyard.

Twin Lakes, which is poised to become a premier medical and educational tourism estate, fuses two of Tan’s most fervent passions: developing prime township projects through Megaworld Corp. and Global-Estate Resorts Inc. (GERI) and liquor manufacturing through Emperador Distillers Inc. (EDI), which markets popular brands Emperador Brandy and The Bar.

All three companies are subsidiaries of holding firm Alliance Global Group Inc., of which Tan is the chair.

THE 15-PART estate will bring to the country Europe’s revered winemaking tradition.

The tycoon has been known as one to meticulously plan his new township projects. And this is exactly what he did for Twin Lakes, including going on a recent trip to Toledo, Spain, to immerse himself on the country’s storied wine making tradition. This, of course, is seen as a crucial move to kick off the vineyard activities in Twin Lakes.

“My trip to Finca Constancia near Madrid, which has been nurtured by five generations of the same family, has given me renewed fervor that the cool climate of Tagaytay will be able to host the country’s first world-class vineyard and wine cellar. With Twin Lakes’ huge expanse, we will be able to create a township that promises tourists a fascinating experience and entice retirees as well to spend their golden years here,” Tan relates.

Within this 1,149-hectare estate will rise 15 distinct, themed projects from residential communities to parks, health and wellness centers, and commercial spaces, among others. And with its extensive breadth of facilities and amenities, Twin Lakes will once again raise the bar of luxury living on the countryside.

The first phase of the Twin Lakes would see the development of The Vineyard, the Domaine Le Jardin and Twinlakes Residences.

TWIN Lakes will have all the residential features typical of a finely-designed home, and amenities that are deemed to provide future owners the comfort of sophisticated yet relaxed living.

The 177-ha Vineyard, which will finally bring Europe’s revered winemaking traditions to the Philippines, would have all the features needed to complete that luxurious chateau living experience such as hotel and resort, townhomes, chateau/winery, a sports club and spa, wedding venue, a culinary school and a condominium—all with views of the vineyard and a man-made lake.

The 50-hectare Domaine Le Jardin, would meanwhile be the epitome of stately living set in the greenest of settings.

However, the highlight of Twin Lakes’ first residential phases would be its prime subdivision lots, a lush botanical garden and an exclusive amenity area that serves as the centerpiece of recreation in the village. To be offered are 538 lots with cuts ranging from 250 sq m to 500 sq m.

Twinlakes Residences, will likewise showcase elegantly designed one- and two-bedroom residences. It will have all the residential features typical of a finely-designed home, and amenities that are deemed to provide future owners the comfort of sophisticated yet relaxed living.

Moreover, future developments which would complete the 15-part estate includes residential developments such as the exclusive residential village Domaine Le Montagne; the 33-hectare exclusive residential village Domaine Le Soleil; and, a 378.7-hectare Nature Park and nursery.

Also to be featured within the developments are retail, services and food outlets to be located in the 1.3-hectare village center; the 34-hectare retirement community, which will house its own hospital; and the 32-hectare university park featuring residential lots and international schools.

Capping of this premier estate are the 84-hectare Plantation phase where farm lots can be bought; a 40-hectare residential development which has its own wellness center; the 24-hectare Lakeshore Town Center that will house a number of commercial, mixed-use, civic centers; and, the 20-hectare Domaine Du Lac lakeshore residential community.

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 at the low amount of only P9,333.33 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)555-84-64/09155734856/099222737836.

Local real estate firm sees quick sales in 5 months

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By Katlene O. Cacho

Thursday, April 4, 2013

FIVE months after the firm’s official announcement that they would venture into real estate, homegrown firm Worldwide Central Properties Inc. (WCPI) announced yesterday they have already sold 40 percent of the first tower of their flagship project, Sundance Residences.

Most of the units sold since they started pre-selling last December are one-bedroom units bought mostly by local buyers within the project’s location in Banawa, WCPI president Kent Ong said.

Second home

Kent said local buyers from Mactan have also bought units of their project to use as their second home, particularly those families who either work or have children studying in the city.

“The traffic condition to and from Mactan has become an important consideration for families to own second homes within the city,” Kent said.

Towers

WCPI is the real estate arm and a sister company of Worldwide Steel Group and Worldwide Home Depot. The new company was founded last year.  The family behind the Worldwide Group of Companies has been in the construction industry for 36 years.

Sundance Residences will have two mid-rise condominium towers that sit on a 3,200-square meter property along R. Duterte St. in Banawa, Cebu City.

The first tower will be 18 floors high with 16 residential floors, one commercial floor, a roof deck, and one basement level. The second tower will be about the same height.

The first tower will have over 200 units. The first phase of the construction is scheduled in the second quarter of this year. The target turnover of units is in 2015.

Urban living

Kent said the firm will invest at most P500 million for the construction of the first tower. As soon as all units will be sold, the company will launch the second tower.

Sharon Ann Ong, WCPI vice-president for marketing and sales, said the project provides for the essentials of urban living and is anchored on family-centered amenities.

Amenities

Sundance Residences claims to be the only condominium development that will have a daycare center professionally managed by a third party.

The project will also have a retail component at the ground floor that will house restaurants, a coffee shop, convenience store, pharmacy and other service stores.

The units are priced between P1.8 million and P6 million. These come in studio, one-bedroom and two-bedroom units.

Plans

WCPI has tapped architect Antonio Trillanes Jr. to head the design team and Kenneth Cobonpue to handle the interior design for Sundance Residences.

Backed by the firm’s solid background in the construction business, Kent said they are a “serious player” in the real estate industry. They now have other projects in the pipeline.

“After this project, we are eyeing another vertical project within the city. We are now in the planning stage,” Sharon said.

“We believe growth in the industry will continue in the coming years, given the good and stable economic environment we have.”

The company hosted an economic forum last month where Ateneo Graduate School of Business professor Enrique Soriano assured a growing demand for real estate.

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 at the low amount of only P9,333.33 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)555-84-64/09155734856/099222737836.