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Building 2 facilities to link LRT1, MRT3, and MRT7 seen likely solution

on Jan 8, 2015

Building 2 facilities to link LRT1, MRT3, and MRT7 seen likely solution Manila Bulletin   by Kris Bayos January 5, 2015   Constructing two facilities to link the Light Rail Transit (LRT) line 1, Metro Rail Transit (MRT) lines 3, and 7 is becoming a possible solution to the current impasse in the government’s plans to connect Metro Manila’s overhead mass transit systems, according to Transportation Secretary Joseph Emilio Abaya. This developed as LRT 1 concessionaire Light Rail Manila Consortium (LRMC) has reportedly agreed to the proposal of MRT 7 concessionaire Universal LRT Corp. (ULC) to shoulder the cost of building a common station for MRT 3 and 7. “There’s prospect in (building) a second common station,” Abaya told reporters last month. “LRMC has already seen the MRT 7 proposal and both concessionaires seem to agree. Once LRT 1 and MRT 7 concessionaires sign (an agreement), it will be presented to SM and hopefully, it will solve things.” To recall, the government originally planned to construct a common station for LRT 1 and MRT 3 patterned to New York’s Grand Central Station. The facility will be built in front of SM North EDSA Mall in Quezon City. However, the Aquino Administration decided to move the location in front of Trinoma Mall, prompting SM Prime Holdings to sue the DOTC for breaching a 2009 agreement and payment of naming rights with the LRT Authority (LRTA). SMPH was able to secure a restraining order from the Supreme Court, placing the issue in an indefinite deadlock. “Our (government’s) interest here is to proceed because dealing with a temporary restraining order takes time. What is more difficult is having the Supreme Court to design the rails for us,” Abaya added. If SMPH consents to the plan, two common stations will be built: one linking LRT 1 and MRT 3 near Trinoma Mall and another one connecting MRT 3 and 7 near the SM North EDSA Mall. As such, LRT 1 terminates in Trinoma Mall while MRT 3 terminates in SM North EDSA Mall. “The second common station for MRT 3 and 7 will be near or at the former site in front of SM. For the LRT 1, we will most likely build...

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QUIZ: Concerns of a first-time home buyer

on Jan 6, 2015

  QUIZ: Concerns of a first-time home buyer ( | Updated December 23, 2014 – 11:46am MANILA, Philippines — Looking for the best home or condominium unit with the best deal (and value for money) can be a disheartening activity. The most expensive deal won’t necessarily translate to the best experience with the real estate developer, while the cheapest condo unit, neither translates to having the worst quality. There are also so many considerations and factors we need to look into while choosing the best home. Being prepared and asking the right questions to both the developer/agent and to yourself can equip you with the knowledge needed to make the wisest decision. Below are the most frequently-asked and researched real estate questions you need to answer in the process of finding one of the most expensive purchases you will ever make:...

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Homeowners create blissful moments

on Jan 6, 2015

Homeowners create blissful moments In DMCI Homes communities Manila Bulletin: December 29, 2014   The beauty of living in DMCI Homes’ resort-themed residential communities was highlighted in the latest edition of the property developer’s photo contest for homeowners. Photos of streaks of colorful lights made by passing cars in the main street of Raya Garden at night and a four-month-old baby lifted in the air by her dad at a Cedar Crest garden as mom watches best depict the experience of living in a DMCI Homes community. They earned the top prizes in the contest. The Raya Garden scene captured by resident Don Jose Machuca won first prize in the contest’s “Theme & Spaces” category while the Cedar Crest photo from couple Francine Landrito and Romano Eusebio topped the “Generation” category.   click to zoom 2nd prize in Spaces category.1st prize in Spaces category1st prize in the Generations category.3rd prize in the Spaces category.3rd prize in the Generations category2nd prize in the Generations category.   DMCI Homes VP for Property Management Ana Maria Ferrer and Senior Marketing Manager Jan Venturanza awarded cash prizes and plaques of appreciation to each winner during a ceremony held at the Sky Lounge of Flair Towers, DMCI Homes’ twin high-rise residential condominium in Mandaluyong City. Prizes and plaques were also handed to each of the two first runner-up winners in the two categories — Joseph Victorino of Tivoli Garden Residences and Michael Cabrales of Riverfront Residences.  Second runner-up winners were Michele Nuez of Riverfront Residences and Howard Victorino of Tivoli Garden Residences. DMCI executives say all the photos submitted by homeowners make the company proud as they are testaments of families and individuals living happily in their communities. “The contest also gave homeowners a sense of pride in belonging to a DMCI Homes community, where the homes and amenities are beautiful and neighbors are good,” Venturanza said. Machuca, a professional photographer and designer, said his photo titled “Main Street” gives a different take on the beauty of Raya Garden, where he, his wife and their five-year-old son have been living for the past two years. “I like Raya Garden because it is safe. As soon as you enter the property, you no longer have...

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Space for ‘designer living’

on Jan 5, 2015

Space for ‘designer living’ Greenfield District Manila Bulletin: December 17, 2014 The space was dramatically lit, and a four-man band played soft music in the background. A large leather sofa emblazoned with the Union Jack was at the entrance, along with other popular London iconography such as a bright-red fire hydrant, Oxford travel trunks, and a silver French bulldog statuette. To the left, giant chess pieces in distressed finish competed for attention, among many other pieces of furniture and accessories. It was the scene of the exclusive opening cocktails organized by property developer Greenfield Development Corporation for home pieces from Christofer Laurent Design.   Showcase of Laurent’s designs Christofer Laurent The event held at the Greenfield District showroom in Mandaluyong City was an affair that saw guests appreciate up close the exquisitely designed works of the UK-born furniture manufacturer, who has finally opened an official atelier in Metro Manila, right in the heart of the masterplanned city center of Greenfield. Laurent mingled with the crowd, talking about the inspirations behind his  work, and most importantly, about his journey that led him to discover his creative prowess. It was in Guagua, Pampanga, the hometown of his wife Jennifer, where he chanced upon local artisans working on a furniture set. He ordered a few pieces with his own design —ornate yet simple, out of the box, and modern. Proudly displayed in his home, it caught the eye of a friend who was a hotel manager at the Regal Hotel in Hong Kong. With coaxing, he bid and eventually won a contract to supply the hotel with furniture he designed himself. Eventually, he landed a contract with the Intercontinental Hong Kong, as well. With his business acumen honed from working in a manufacturing firm back in the UK, his new business venture began. His design philosophy is simple. “My design comes from the heart — whatever feels right,” he said. “My personality definitely translates to whatever I am currently working on.” His designs also reflect a preference for mixing organic materials such as plush leather and wood with resin and stainless steel to create one-of-a-kind creations. His studio, Christofer Laurent Design, does full-service interior design specializing in the manufacture of customized furniture....

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Two Roxas Triangle: Second tower rises in Makati’s most luxurious address

on Nov 10, 2014

Two Roxas Triangle: Second tower rises in Makati’s most luxurious address   The Philippine Star Updated November 7, 2014 – 12:00am       MANILA, Philippines – Roxas Triangle Towers, the most exclusive residential enclave right at the heart of Makati’s central business district, will soon host a new 52-level structure to complete what its developers boast as their trophy project. Two Roxas Triangle, set to be completed in 2019, follows in the footsteps of the upscale One Roxas Triangle building which, since it opened in 2001, has maintained one of the highest occupancy and lease rates in the nation’s financial capital. Ayala Land Premier (ALP) head Jose Juan Jugo said the project provides a discreet location that brings prime access and exclusivity. “Today, Two Roxas Triangle presents another opportunity to live in one of the country’s most esteemed premier residential communities.” The entire 1.1-hectare development is situated at the corner of Paseo de Roxas and Cruzada St., surrounded by lush landscaping vegetation. It forms an infinity symbol – or the number 8 – with Ayala Triangle, enriching its appeal to buyers in the luxury residential market. The project is being developed by Roxas Land Corp. , a joint venture among Ayala Land Inc. (ALI), Hongkong Land and Bank of the Philippine Islands. Jugo, who heads ALI’s high-end development unit ALP, said Two Roxas Triangle represents “a special cocktail of luxury living” whose prime location and amenities are geared up for the uppermost residential market segment. Each floor consists of only four units with elevators opening directly to their own private lobby. Spacious residences of three-bedroom and four-bedroom apartments  start from 302 square meters, with the largest four bedroom penthouse units at 633 sqm, complete with balconies. Each unit has walk-in closets for the master bedroom, designer gourmet kitchen systems, and utility kitchens with a separate service entrance. Jugo said around 70 percent of the units have already been pre-sold, with price ranging from P60 million to P190 million, inclusive of parking slots and value-added tax. “Overall, Roxas Triangle Towers is a singular residential development that is in a class of its own. Since One Roxas Triangle’s opening in 2001, this development has set the benchmark for luxury living...

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CREBA nat’l convention tackles ASEAN integration, market reform

on Oct 27, 2014

CREBA nat’l convention tackles ASEAN integration, market reform     Manila Bulletin: October 20, 2014   The Chamber of Real Estate and Builders Association Inc. (CREBA), the country’s largest organization of key players in real estate industry, held the largest convention of property developers and contractors in the country on Oct. 15-18 in Iloilo City. The conference tackled key issues affecting the property industry and its growth potentials when Association of Southeast Asian Nations (ASEAN) economic integration commence next year. “The annual CREBA convention serves as the industry’s national congress wherein key players in residential, commercial and retail industry discuss issues that could affect the economic vitality of the real estate market and recommend policy reforms for the market to sustain its growth in the future,” said CREBA National President Noel Cariño. Senator JV Ejercito, who chairs the Senate Committee on Urban Development, Housing and Resettlement, addressed the body with a speech on the legislative agenda of the real estate industry in the 16th Congress. Other speakers were Professor Enrique Soriano of Ateneo Graduate School of Business; Atty. Antonio Bernardo, Commissioner of Housing and Land Use Regulatory Board (HLURB); Atty. Christine Antonio, Director IV of the Public Private Partnership Center; Minister Tetsuro Amano, Deputy Chief of Mission and Consul, Japan Embassy; among others. Founded by the late Atty. Manuel M. Serrano in 1973, CREBA is the umbrella organization of leading Philippine developers, builders, contractors, real estate service practitioners and other professionals and entities engaged in about 75 allied fields. “Property players should work together to unlock strategic approaches to keep the domestic property sector afloat and initiate key market reforms to eliminate the current housing backlog,” the organizers...

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