Real Estate News Roundup (October 2019)

Aston Residences by DMCI Homes will be the next project to continue the success of the developer’s previous projects in Pasay City. The 45-story single residential tower will stand along Dominga Street amidst major business districts, shopping malls, universities, and public transportation terminals.

Aston Residences highlights exciting indoor and outdoor amenities like a fitness gym, a lap pool surrounded by lush greenery, a kiddie pool, a podium deck garden, a sky promenade, an entertainment room, and a play area. Pre-selling of the units is ongoing and future residents can move in starting March 2024.

First-time owners, young families, and young professionals are the main target market for this modern urban living residential condominium. Potential buyers can choose from either one-bedroom, two-bedroom, or three-bedroom units ranging in size from 30 to 87 square meters and in cost from PhP4.81 million to PhP10.87 million.

Cameron Residences, a 45-level residential tower by property developer DMCI Homes, is shaping up to be a haven for its occupants. Featuring resort-inspired living in the former Philippine capital, Cameron Residences is ideal for end-users, upgraders, earners, and investors.

Along with the condo’s exquisite living spaces are indoor amenities like a game and a lounge area, a fitness gym, a sky lounge, and snack bars. Outdoor enthusiasts can bask in the sky promenade, kid’s pool and play area, lap and leisure pool, garden area, and gazebo.

Expected to be completed by 2025, room types range from one-bedroom, two-bedroom, three-bedroom units that will range from 26 to 83 square meters and will cost PhP3.94 million to PhP9.74 million. In addition to its lifestyle advantages, Cameron Residences is also a short distance from the Skyway Extension and MRT-7.

Another residential project to rise in Quezon City is DMCI Homes’ The Crestmont. It is a 50-story tower along Panay Avenue that will be accessible to the MRT-3 Quezon Avenue Station. City-dwellers who are always on the go can take advantage of the condominium’s spacious balconies, big windows, and efficient air-conditioning system.

Units will range from 33 to 84.50 square meters with options of one-bedroom, two-bedroom, or three-bedroom types. These are offered at a price range of PhP5.62 million to PhP13.43 million. The Cresmont will also feature a sky deck pool, a first in DMCI’s projects. Reception lounges, entertainment and function rooms, a fitness gym, and a lounge area could also be taken advantage of by the residents for leisure and social activities. The Crestmont will be ready for occupancy by September 2025.

The third Ajoya Community by AboitizLand will soon be the next residential paradise in Pampanga, Central Luzon. Spanning 17 hectares, the mid-market residential development will be launched within a year and it is currently the fifth residential project of the real estate developer in Luzon. With the goal to elevate the lifestyle of Filipino families, the homes are inspired by bahay na bato (stone houses) but with a modern twist. Future residents will have access to the residential community’s town plaza, clubhouse, multipurpose hall, swimming pool, pocket parks, and greenbelts [1].

Publicly listed property developer Megaworld is adding three residential towers to its 12.3-hectare township in Pasig City. The three buildings that will be nested in the Arcovia Palazzo township will be the 40-story Altea Tower, 45-story Benissa Tower, and the 49-story Cantabria Tower. The three towers will have a total of 1,472 units and will be designed by Broadway Malyan architectural firm from UK. Potential buyers can choose either from a studio type, one-bedroom with or without balcony, two-bedroom with balcony, and three-bedroom with balcony. Meanwhile, the 37-story Avenue de Triomphe condominium in Arcovia City is almost sold out. Having 576 units, the tower is set to be completed in 2023 [2].

The Abaca Resort Mactan in Cebu was recently acquired by property developer Cebu Landmasters Inc. The developer plans to expand the 4,328-square meter resort, transforming it from a nine-room resort into a 100-room luxury estate. Renovations will start on February 2020 and will be due for completion in 2023 [3]. CLI and the Abaca Group aim to deliver excellent partnership to maximize tourism opportunities in the Queen City of the South. They will also hire a reputable foreign architect to design the planned renovation.

In addition to the Abaca Resort Mactan, CLI has also acquired the 2-hectare Lowaii Marine Cebu Resort on the southern side of Mactan Island. The leading Visayas-Mindanao property developer holds a total of 58 various projects in seven key regions.

Eight big firms in the Philippines made it to Forbes Asia’s list of “Best Over a Billion List” which acknowledges 200 best-performing publicly listed companies in the Asia-Pacific region. Real estate industry-related companies that made it to the roster are Ayala Corp., GT Capital Holdings, JG Summit, Megaworld Corp., and SM Investments Corp. The basis for evaluation includes their average five-year sales, income growth, return on capital, and projected growth over the next one or two years.

The other Philippine achievers that made to the list are Cosco Capital, Jollibee Foods, and San Miguel Food and Beverage. Uniqlo, Alibaba, and Tencent are one of the largest companies listed by market value.

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