Pag-IBIG Membership Procedures and Requirements
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Sy-led SM Development Corp. yesterday unveiled four new projects on top of a project launched just last month, in a bid to become one of the country’s top property firms.
The four new SM property projects are Jazz Residences near Jupiter Road in Makati, Sun Residences beside the Mabuhay Rotunda in Quezon City, Light Residences near Pioneer Street in Mandaluyong and Wind Residences on Emilio Aguinaldo Highway in Tagaytay.
“Our four new offerings affirm the company’s vision of becoming one of the leading residential developers in the country. We will end this year with 12 different offerings for our clients who may choose their homes from the best locations in the Metropolis [to as far as] Tagaytay City,” Roger R. Cabuñag, SM Development president, said.
Jazz Residences, a four-tower condominium which will occupy approximately 25,000 square meters (sq. m.) of land, will be built in four phases and each 41-storey tower will house 1,228 one- and two-bedroom units.
Sun Residences has a total land area of 11,832 sq. m. Two 43-storey towers will rise on the property, with each tower having 1,992 units divided into studio, one- and two-bedroom units.
The third new project, Light Residences, will have three towers, with the first tower having 40 floors offering 1,386 units. Towers two and three will have 39 floors each. The whole project will occupy 19,422 sq. m. of land.
Wind Residences is the only project outside Metro Manila. Located in Tagaytay, the project will occupy 15.45 hectares of land.
It will have 10 20-storey towers, with each tower offering 702 units.
Wind Residences will have a clubhouse, badminton and basketball courts, swimming pools, a children’s playground, and a jogging path, among others.
Last month, the SM property unit launched Princeton Residences on Aurora Boulevard in Quezon City, on top of seven ongoing projects.
SM Development is setting aside a budget of P10.4 billion next year, up from P7 billion spent this year.
Shares in the company tumbled by 1.23% or P0.05 to P4.00 apiece.
Roxas Land in joint venture
In a separate disclosure, the wholly owned property unit of listed Roxas & Co., Inc. has entered into a joint venture with VJ Properties, Inc. for the development of 57,972 sq. m. of property in Tagaytay.
Roxaco Land Corp. said the project would be a “boutique resort-type” residential subdivision with 54 lots, the sizes of which would range from 400 to 700 sq. m.
Roxaco Land’s other projects include the 88-hectare residential beach resort known as Peninsula de Punta Fuego, and the 61-hectare seafront property dubbed Terrazas de Punta Fuego. Both are located in Nasugbu, Batangas. -- KJRL
By Charles E. Buban
Philippine Daily Inquirer
First Posted 19:58:00 12/11/2009
Filed Under: Real Estate, Construction & Property
JERRY RUBIS HAS BIG shoes to fill. As assistant vice president for marketing and training of Suntrust Properties Inc., his company must follow the footsteps of Megaworld Corp. and Empire East Land Holdings Inc.
“We belong to the same group headed by property tycoon Andrew Tan. While Megaworld has a successful track record of building self-contained communities under its pioneering live-work-play-learn concept and Empire East Land Holdings Inc. is making a name in developing and marketing housing projects either in the form of condominium communities or house-and-lot packages, commercial and office space and mixed-use complexes, Suntrust on the other hand, is now aspiring to carve a name as a major provider of uniquely crafted living spaces to low-to-moderate-income Filipino families,” he said.
With 11 projects developed and in the process of developing, Suntrust seems to be making good on its promise.
“Since 1997, Suntrust Properties has created numerous self-sustaining residential communities in Dasmariñas, General Trias and Silang in Cavite. We also have ongoing condominium developments located at the very heart of Metro Manila. By next year, we want to be very aggressive as we have several properties already lined up,” Rubis reported.
Major projects
For example, Suntrust Properties has two major projects being developed in Manila: Suntrust Parkview located on Concepcion Street in Ermita and Suntrust Adriatico Gardens in Malate.
After the successful UN Gardens in Manila, the company decided to embark on similar undertakings within the city: Suntrust Parkview on Concepcion Street, Ermita and Suntrust Adriatico Gardens on Adriatico Street, Malate.
“We also have several upcoming projects outside Metro Manila like the Cybergreens and Cyberville in Dasmariñas, Cavite. Both are technology-themed neighborhoods featuring underground cabling for electricity, telephone and broadband services,” Rubis said.
Empowered
With overseas Filipinos’ remittances to the country expected to hit between $17 billion and P19 billion (P784 billion and P876 billion) next year, Rubis is confident that more and more low- to middle-income families will be more empowered to buy houses they could call their own.
“Despite the US-led global slowdown, there is a continued hiring of Filipino workers overseas especially in the healthcare industry. And with better access by overseas workers and their beneficiaries to money transfer services, money continues to come in, a trend that is expected to intensify through next year,” Rubis said.
According to him, the global healthcare industry is relatively recession-proof and with income steadily coming in, families of these overseas Filipinos are more enthused to shop for new yet affordable homes.
“By combining well-thought-out designs which focus on space saving and functionality features, Suntrust Properties is able to deliver high standard of comfort and style low- to moderate-income Filipino families will definitely appreciate,” he said.
Rubis believes that with Suntrust Properties ready to cover the affordable housing segment, the group of property tycoon Andrew Tan now has one of the most comprehensive coverages on the Philippines’ housing market.