RLC properties dominate Ortigas Center

ORTIGAS CENTER is home to many skyscrapers, shopping malls, hotels, restaurants and establishments, where Robinsons Land Corp. (RLC) first established its indelible mark in the real estate industry. It is also where the first mixed-use development in the area was constructed and what we know now as Robinsons Galleria.

Considered to be one of most important business districts in Metro Manila, the Ortigas Business District is where the historic Robinsons Galleria is located. The four-level mall is home to over 500 shops, dining facilities, banks, travel agencies, appliance centers, service outlets, parcel delivery stations, computer centers, a full-line supermarket and department store, and the multi-theater Robinsons Movieworld. In front of the mall is the historic Our Lady of Edsa Shrine.

Near the mall

Annexed to the Mall’s podium are two office buildings—the Galleria Corporate Center and Robinsons Equitable Tower; two deluxe hotels—The Holiday Inn Manila and Crowne Plaza Manila Galleria; and Galleria Regency, a residential condominium.

Crowne Plaza Manila Galleria offers upscale amenities, comprehensive business support, recreational facilities and meeting expertise specially designed to suit any business traveler’s needs while Holiday Inn Manila is a four-star hotel with 285 well-appointed rooms.

The Robinsons Equitable Tower at the corner of ADB Avenue and Poveda Street is one of the most popular landmarks in Ortigas. No other business address in the Ortigas Business District is as masterplanned as Robinsons Equitable Tower. The 45-story building boasts of world-class architecture with dramatic aluminum and high-performance glass curtain walls and punched windows.

Another building in the complex is the 30-story Galleria Corporate Center with spacious office areas.

BPO buildings Cyberscape Alpha with 26 stories and Cyberscape Beta with 36 stories are strategically located and within easy access from Edsa and Ortigas Avenue. The two buildings will expand RLC’s available office space for lease by 80,000 sq m, with each tower accounting for 40,000 sq m. Cyberscape Alpha is located between Sapphire and Garnet Roads while Cyberscape Beta is between Topaz and Ruby Roads.

Residential properties

RLC’s residential properties in the area include East of Galleria, The Pearl Place Residences and The Sapphire Residences. East of Galleria on Topaz Street is a 45-story condominium where expats and other residents live. The project was completed and delivered on time and is now fully occupied.

Other RLC properties in the Ortigas Business District are The Pearl Place Residences, located on Pearl Drive corner Gold Loop and The Sapphire Residences at the corner of Sapphire and Garnet Streets. The Pearl Residences has 34 residential floors on top of a multi-level podium, while The Sapphire Residences, is the perfect setting for your live, work and play lifestyle.

RLC has also completed Sonata Private Residences and will be turned over to its new owners. Sonata Private Residences is situated in the heart of booming Ortigas Center with easier access to business hubs, schools and commercial establishments like Robinsons Galleria, SM Megamall, Shangri-La Plaza Mall, Edsa Shangri-La Hotel and other prominent establishments.

Ortigas provides instant access to things that matter most in your active and busy schedule. It is the place to be for the young and rising professional and those who want a more relaxed lifestyle minus the long and difficult commutes while being at the middle of the action.

INQ.net

JG Summit Holdings keeps top rating with PhilRatings

MANILA, Philippines—Taipan John Gokongwei’s JG Summit Holdings has held on to its top-notch standing with local credit rating agency Philippine Rating Services Corp. (PhilRatings).

In a statement, PhilRatings said its grade on JG Summit, one of the country’s most diversified conglomerates, was a reflection on the firm’s “strong liquidity, sound capitalization, very good management, and the solid market position of its core businesses.”

“It also takes into consideration the positive outlook for the domestic economy, in general, and the industries included in JGSHI’s investment portfolio, in particular,” PhilRatings said.

PhilRatings grades are based on available information and projections at the time that the rating review is ongoing.

PhilRatings cited that the JG Summit’s principal source of cash continued to be operating activities, amounting to P8.1 billion in the first half of 2012.

At the end of June this year, the group’s current debt of P42.1 billion was amply covered by total cash/cash equivalents (P29.7 billion), financial assets available-for-sale investments (P60.3 billion), and financial assets at fair value through profit or loss (P13.5 billion).

“Internally generated cash will be used to fund expansion activities, as the JG Summit Group pursues its expansion strategy,” PhilRatings said.

The research firm said JG Summit “has demonstrated its ability to provide direction for sustainable growth, while management has shown expertise to manage large-scale operations,” citing the success of subsidiaries like Cebu Pacific, Universal Robina Corp. (URC), and Robinsons Land.

PhilRatings said the three firms enjoyed strong positions in their respective industries.

In particular, URC’s brands have become “household names in the Philippines,” PhilRatings said. Robinsons Land, for its part, remained one of the country’s leading real estate developers in terms of revenues, number of projects, and project size.

The third jewel in the JG Summit crown, PhilRatings said, was Cebu Pacific, the leading low-cost carrier in the Philippines.

The airline remained as the preferred domestic carrier, with a market share of 46.5 percent for the first quarter 2012. “It pioneered the ‘low fare, great value’ strategy in the local aviation industry, targeting passengers who are willing to forego extras for fares that are typically lower than those offered by traditional full-service airlines,” PhilRatings pointed out.

Price Increase for 4th Quarter of Fiscal Year

Dear Home Buyers, Investors, and Referrals,

Greetings from Robinsons Land Corporation!

I am happy to inform you that one of the country's pioneering real estate industry has successfully implemented a price increase for the 4th quarter of this fiscal year. The increase is at 2-5% of the total contract price.

This indeed is good news to our investors and end-users who have opted to purchase a unit early. Let your money grow in time and get the best units ahead.

MORE INFO HERE:

AmiSa
20% Equity
Php 25,000.00 / month!
28 Months to Pay at 0% Interest
Tower A and B Now Ready for Occupancy!
Tower C Now in Construction and Soon to be Finished!
Studio, 1BR, 2BR Units Available


Azalea Place
20% Equity
Php 10,000.00 / month!
40 months to Pay at 0% Interest
Construction Underway!

Interested? Please send in your questions or give me call / SMS at 09065549505 / 09229452718.

Thank you!

Raymund B. Baroy

Account Manager

Robinsons Land Corp

Philippines could be “next rising star”

THE PHILIPPINES could be the “world’s next rising star” because it is relatively insulated from the turbulent global environment, economists said on Friday, but the country’s ascent will depend on finding solutions to key constraints.

“When you look for countries that could be the world’s next rising star, you look for increasing growth, a stable fiscal deficit, strong English skills and a belief in education,” said Tyler Cowen, an economist at George Mason University, at the inaugural conference of the Angara Centre for Law and Economics.

“The Philippines has all of those things. It has the best chance,” he added.

Exposure to Europe’s ongoing debt woes and the slowdown in China is limited, Mr. Cowen explained as he lumped the Philippines along with Indonesia, Ghana and Nigeria as among the countries expected to be resilient amid the global downturn.

Mr. Cowen stressed, though, that this was not an “absolute prediction,” with much depending on how the government makes the most its opportunities.

“The discussions must begin with structural transformation,” added John Nye, a fellow economist at George Mason University.

One of the main issues that needs to be resolved is how to move people from poor agriculture jobs to better-paying ones in industry, Mr. Nye said, adding that more often than not, this also involves physically moving people to the urban centers.

“However, there are so many laws that make this difficult -- laws on zoning, taxation, competition, labor, trade. This network of policies adds up,” Mr. he said. No single law -- not even the often-blamed foreign ownership limits in the 1987 Philippine Constitution -- is to blame, he added.

Changes must be made to these “redundant,” “misguided” and “contradictory” laws so that more businesses and investments can come into the Philippines and generate much-needed employment.

“The fact that we have so many overseas Filipino workers only means that we have a lot of highly-skilled people willing to work. Why are they so employable abroad but not here? Clearly, there are obstacles to creating employment,” Mr. Nye said.

University of the Philippines economist and Monetary Board member Felipe M. Medalla, meanwhile, tagged infrastructure as another constraint to the Philippine economy.

He lamented the sluggish pace of domestic infrastructure development, pointing to the Ninoy Aquino International Airport Terminal 3 (NAIA 3), which “can’t even be fully operational after three presidents”.

“The connector road between the North Luzon Expressway and the South Luzon Expressway can increase development and bring it to the provinces without congesting Manila,” Mr. Medalla noted.

For his part, Socioeconomic Planning Secretary Arsenio M. Balisacan claimed the government was already eyeing several “low-hanging fruits,” among them the computerization of government processes.

“I find it surprising that any entrepreneur who wants to set up a business has to show up at the Department of Trade and Industry and apply for his permits there,” Mr. Balisacan said.

“This exposes entrepreneurs to direct contact with the bureaucracy and encourages patronage and corruption. If the procedures were online, it would be much more simple, quick and transparent for everyone.”

Another is the integration of terminal fees to the price of airplane tickets, a policy move due to take effect this month.

“We are the only country in Asia or even the world that collects a separate fee when it can just be billed directly. These small inconveniences increase the cost of doing business,” he noted.

Mr. Balisacan recognized that the government’s infrastructure program had taken some time to get off the ground, but he explained that this was due to the “utmost care” that goes into reviewing contracts.

“There is a trade-off: the projects could be fast now but they could get bogged down in the future. We don’t want another Northrail mess or another Piatco (Philippine International Air Terminals Co., Inc.) mess,” he said.

The 80-kilometer Northrail project that will link the northern part of Metro Manila with the Diosdado Macapagal International Airport in Clark, Pampanga, was suspended in March 2010 pending the review of the contract with China National Machinery Industry Corp.

The Commission on Audit has estimated that delays in the project works cost the government P2.21 billion last year from penalties and interest charges.

The Piatco controversy, meanwhile, stems from the government’s decision to scrap the firm’s contract to build NAIA-3 due to alleged irregularities. Lawsuits filed over the government’s seizure of the facility and the compensation that needs to be paid to Piatco remain unresolved. -- Diane Claire J. Jiao

Robinsons Land Looking for Quality Salespeople

Robinsons Land Cebu is in need for quality Account Managers, Sales Managers, and a Sales Director. If you think you have the traits to contribute more positive growth to the company, then apply and get hired in 1 day! 

Big compensation package awaits for successful hires!

Please visit Robinsons Cybergate Atrium for more details.

Property boom transforming Philippine skylines

Positive outlook on the Philippine economy has seen a tremendous rise on vertical development. Major developers are keen on placing residential and office buildings not only in Manila, but also in key provinces. 

*****

MANILA, Philippines—As a Philippine property boom gathers pace, even Paris Hilton, Donald Trump and high-fashion house Versace are getting a piece of the action.

The good times are into their fourth year, fueled by steady economic growth, Western firms offshoring jobs to the Philippines, the buying power of millions of Filipinos working abroad and low interest rates.

In Manila, formerly sleepy pockets such as the Fort army base and the rundown Eastwood industrial zone have become chic, new business districts, catering mainly for the fast-growing outsourcing sector.

Across the country, more than 850,000 square meters (9.1 million square feet) of office space and 14,000 residential units will enter the market this year, property consultants CBRE Philippines said in a report.

It said many of the residential units catered for a growing middle class on the fringes of Manila and other urban centers.

The building boom has also spread to hotels, shopping malls and casinos, triggering hopes of a long-anticipated take-off of the underdeveloped tourism industry.

Three of the world’s biggest gaming industry leaders are building a $4-billion, 100-hectare (247-acre) Entertainment City complex of casinos on Manila Bay. The first of the casinos are set to open early next year.

The economy grew 6.4 percent in the first quarter, the stock market has surged 20 percent this year to hit all-time highs, and the country’s credit rating has been bumped up to just a step below investment grade.

The central bank’s benchmark interest rates are also at historic lows – 4.0 percent for the benchmark borrowing rate – ensuring large piles of cheap cash for property development.

Aside from the macro-economic picture, real estate analysts point to the outsourcing phenomenon as one of the key drivers of the property boom.

From virtually nothing a decade ago, outsourcing now employs more than 600,000 people and is worth $11 billion annually, according to the main industry association which is forecasting 15 percent growth in the years ahead.

Many of the skyscrapers are being built to cater for the outsourcing workforce, which performs a myriad of tasks from call center duties to designing architectural plans for foreign firms.

Meanwhile, roughly nine million Filipinos who work overseas are sending large chunks of the $22 billion they earn – equal to 10 percent of the nation’s gross domestic product – back home, often investing in real estate.

The frenetic building pace has some quarters anxious over a potential property bubble, with the global economic woes adding to concerns.

But Rick Santos, CBRE Philippines chief executive, remains bullish, in large part because of the expected continued growth in the outsourcing sector.

“As economies in the West tighten, global companies will see it in their interest to outsource their non-core functions to save on costs,” Santos told an industry briefing recently.

FULL READ ON PHIL DAILY INQUIRER

====

AmiSa

Everyday is a Holiday

Beach Resort Condominium at Punta Engano Mactan

Units Available include RFO and Preselling

Azalea Place

Life's Simple Joys are Always Within Reach

Convenient Business and Leisure Living at the Heart of Cebu

Currently Preselling!

Quality Projects of One of the Pioneering Developers in the Country

Robinsons Land Corporation

Flexible payment terms available!

For inquiries please call 09065549505 or 09229452718 and look for Ray.

You can also email at raymund.baroy@yahoo.com

=========================

Best Regards, 

Raymund B. Baroy

Account Manager

Robinsons Land Corp. - Cebu Sales Force

Visit Us here: Robinsons Land Premier Properties 

Call/SMS:

Local: 09065549505 / 09229452718

International :  +639065549505 / +639229452718      

Email : raymund.baroy@yahoo.com

AmiSa: AmiSa Private Residences

Azalea Place: Azalea Place

Property boom transforming Philippine skylines

Positive outlook on the Philippine economy has seen a tremendous rise on vertical development. Major developers are keen on placing residential and office buildings not only in Manila, but also in key provinces. 

*****

MANILA, Philippines—As a Philippine property boom gathers pace, even Paris Hilton, Donald Trump and high-fashion house Versace are getting a piece of the action.

The good times are into their fourth year, fueled by steady economic growth, Western firms offshoring jobs to the Philippines, the buying power of millions of Filipinos working abroad and low interest rates.

In Manila, formerly sleepy pockets such as the Fort army base and the rundown Eastwood industrial zone have become chic, new business districts, catering mainly for the fast-growing outsourcing sector.

Across the country, more than 850,000 square meters (9.1 million square feet) of office space and 14,000 residential units will enter the market this year, property consultants CBRE Philippines said in a report.

It said many of the residential units catered for a growing middle class on the fringes of Manila and other urban centers.

The building boom has also spread to hotels, shopping malls and casinos, triggering hopes of a long-anticipated take-off of the underdeveloped tourism industry.

Three of the world’s biggest gaming industry leaders are building a $4-billion, 100-hectare (247-acre) Entertainment City complex of casinos on Manila Bay. The first of the casinos are set to open early next year.

The economy grew 6.4 percent in the first quarter, the stock market has surged 20 percent this year to hit all-time highs, and the country’s credit rating has been bumped up to just a step below investment grade.

The central bank’s benchmark interest rates are also at historic lows – 4.0 percent for the benchmark borrowing rate – ensuring large piles of cheap cash for property development.

Aside from the macro-economic picture, real estate analysts point to the outsourcing phenomenon as one of the key drivers of the property boom.

From virtually nothing a decade ago, outsourcing now employs more than 600,000 people and is worth $11 billion annually, according to the main industry association which is forecasting 15 percent growth in the years ahead.

Many of the skyscrapers are being built to cater for the outsourcing workforce, which performs a myriad of tasks from call center duties to designing architectural plans for foreign firms.

Meanwhile, roughly nine million Filipinos who work overseas are sending large chunks of the $22 billion they earn – equal to 10 percent of the nation’s gross domestic product – back home, often investing in real estate.

The frenetic building pace has some quarters anxious over a potential property bubble, with the global economic woes adding to concerns.

But Rick Santos, CBRE Philippines chief executive, remains bullish, in large part because of the expected continued growth in the outsourcing sector.

“As economies in the West tighten, global companies will see it in their interest to outsource their non-core functions to save on costs,” Santos told an industry briefing recently.

FULL READ ON PHIL DAILY INQUIRER

====

AmiSa

Everyday is a Holiday

Beach Resort Condominium at Punta Engano Mactan

Units Available include RFO and Preselling

Azalea Place

Life's Simple Joys are Always Within Reach

Convenient Business and Leisure Living at the Heart of Cebu

Currently Preselling!

Quality Projects of One of the Pioneering Developers in the Country

Robinsons Land Corporation

Flexible payment terms available!

For inquiries please call 09065549505 or 09229452718 and look for Ray.

You can also email at raymund.baroy@yahoo.com

=========================

Best Regards, 

Raymund B. Baroy

Account Manager

Robinsons Land Corp. - Cebu Sales Force

Visit Us here: Robinsons Land Premier Properties 

Call/SMS:

Local: 09065549505 / 09229452718

International :  +639065549505 / +639229452718      

Email : raymund.baroy@yahoo.com

AmiSa: AmiSa Private Residences

Azalea Place: Azalea Place

Largest PH real estate fair sets sights on property investment

Due to the Philippine's astounding resiliency in the face of the global crises, the country enjoys a healthy real estate market due to healthy government policies, fairly strict bank policies, and a lively real market competition among big companies. In a previous report, the country is in a bullish state right now and no bubble appears to be coming.

Locals and foreigners alike can enjoy the benefits of investing in real estate since it is considered a safe haven for your money.

******

Despite the glut in the United States and Europe brought about by the global financial crisis, the property sector in the country has remained robust and steady due primarily to the resilience of our economy as proven by better than good economic indicators.

This situation makes it ripe for local and foreign investors to put their money in real estate and this year’s Philippine Real Estate Festival (PREF) with the theme “Philippine Real Estate Opportunities for Foreign and Local Investors” will easily make that possible. The fair will be held at the World Trade Center in Pasay City from July 26 to 28.

Dubbed as the largest festival of its kind in the country, PREF 2012 will showcase in its three-day exhibit the widest range of real estate products and services that cater to the varied preferences of both local and foreign investors. There will also be plenary sessions in all days of the fair that will tackle current issues affecting the property sector and will be graced by industry experts.

Guest of honor

Vice President Jejomar Binay, concurrent chair of the Housing and Urban Development Coordinating Council, will keynote the opening day ceremonies and will open the festivities.

Binay will also be part of the morning plenary session on that day along with Sen. Ferdinand Marcos Jr., Rep. Rodolfo Valencia and lawyer Miguel Varela, president of the Philippine Chamber of Commerce and Industry. They will discuss the Philippines as a prime real estate haven for both local and foreign investors.

The afternoon session on July 26 will highlight the significant contribution of the business process outsourcing (BPO) industry to the property sector. Speakers from the BPO industry and the government will tackle the development of the office sector, next wave cities, and incentives and perks available for the BPO market.

Two sessions

The morning of the second day will focus on promoting the country to foreign investment by showcasing the various products available for investors based abroad and on how to enter the local real estate market. This session will be followed by a symposium on the housing and environmental concerns encountered by the real estate industry in the afternoon. For these two sessions, representatives from various foreign chambers, government such as the Board of Investments, Securities and Exchange Commission, and Philippine Retirement Authority, and property developers will be presenting their views.

Plenary sessions on the last day of the festival will touch on integrating corporate social responsibility in real estate development. Speakers from key shelter agencies such as the Housing and Land Use Regulatory Board, Home Development Mutual Fund or Pag-Ibig Fund, Social Housing Finance Corp., and Home Guaranty Corp. as well as representatives from the Bureau of Internal Revenue and the private sector are expected to attend.

Recognition

Aside from the seminars and the exhibit, the festival will also recognize distinguished leaders in the industry and the outstanding participating booths through the PREF Excellence Awards. There will also be product presentations along with a special display of designs from the country’s student architects and designers. The event is open to the public and is free of charge.

By: Joel V. Nigos, PHiL DAILY INQUIRER

====

AmiSa

Everyday is a Holiday

Beach Resort Condominium at Punta Engano Mactan

Units Available include RFO and Preselling

Azalea Place

Life's Simple Joys are Always Within Reach

Convenient Business and Leisure Living at the Heart of Cebu

Currently Preselling!

Quality Projects of One of the Pioneering Developers in the Country

Robinsons Land Corporation

Flexible payment terms available!

For inquiries please call 09065549505 or 09229452718 and look for Ray.

You can also email at raymund.baroy@yahoo.com

=========================

Best Regards, 

Raymund B. Baroy

Account Manager

Robinsons Land Corp. - Cebu Sales Force

Visit Us here: Robinsons Land Premier Properties 

Call/SMS:

Local: 09065549505 / 09229452718

International :  +639065549505 / +639229452718      

Email : raymund.baroy@yahoo.com

AmiSa: AmiSa Private Residences

Azalea Place: Azalea Place