Location: Mandaue Reclamation Area, Mandaue City
General Contractor: VENRAY Construction
Latest Construction Updates:
as of April 26, 2008
photos from rustyboi
Showing posts with label residences. Show all posts
Showing posts with label residences. Show all posts
Orange Hall Residence and Dormitory
The Persimmon
Real estate developer to launch Mabolo project in December
THE real estate development arm of the Aboitiz Group plans to launch this December a residential condominium and commercial complex in Barangay Mabolo, Cebu City.
AboitizLand vice president for sales, marketing and customer service Pia Mantecon said the real estate development, dubbed The Persimmon, will feature four 15-story towers that will house residential condominium units and commercial spaces.
She said the name of the project is based on the English word of the tree, which is the basis for the name of Barangay Mabolo.
Persimmon is a tree species that belongs to the genus Diospyros, the same genus that mabolo (scientific name Diospyros discolor) belongs to.
The towers, which will rise on a property that many Cebu City residents refer to as the Coaco building, will be an urban village, Mantecon said.
She said the commercial spaces will be located on the ground floor of the condo towers and will feature restaurants, bars, gym and other amenities.
She said the project has been generating a lot of interest, although site development has barely started.
AboitizLand president and chief operating officer Andoni Aboitiz earlier said the condominium towers will be targeted at young professionals. He said studio type condos at The Persimmon will have a price tag of P1.5 million to P3.5 million.
“The city will change drastically in the next five years and land is very expensive, which will force some people to settle back in the urban area,” he had said during the recent launching of the Molave Highlands Residences in the northern towns of Liloan and Consolacion.
Last week, AboitizLand launched Kishanta Zen Residences, the house-and-lot component of the Kishanta subdivision, located in the hills of Talisay City.
AboitizLand developed five models for Kishanta Zen Residences and are priced from P2 million to P3.5 million.
Article source: Sun.Star Cebu
Grand Cenia Hotel and Residences
Location: Archbishop Reyes Avenue corner Solon Street, Cebu City (across Cebu Business Park)
Land Area: 4,211 square meters
Number of Floors: 25 floors
Building Use: Residential and Commercial
Architecture: mainly European theme with clean lines that inject a “minimalist” sense to the space.
Developer: Filinvest Land, Incorporated
Consultants and Design Team: Aromin and Sy and Associates (Structural); CT Onglao Architects (interior); R Villarosa Partners and associates (Building Design); HE Dimanlig (Landscaping)
Target Completion Date: Late 2009/Early 2010
The Grand Cenia project is offered in two ways:
The condotel units and the residential units. The condotel units are 24.27 square meter hotel rooms available for purchase. These condotel units will be furnished and brought into real pool. All the units within the pool will be managed and operated as part of a fully functional hotel. Filinvest Land is looking to tie-up with Aston International, an internationally renowned hotel and resort operator, for the hotel operations of the project.
The residential condominium units are for long-term residential end users.
Floor Plans
floor plans from jarenz
Construction Update
as of November 17, 2007
Cebu LDS (Mormon) Temple
Location: Lahug, Cebu City, Cebu, Philippines.
Site: 11.6 acres.
Total Floor Area: 29,556 square feet
Announcement: 18 April 2006
Groundbreaking and Site Dedication: 14 November 2007 by Dallin H. Oaks
Construction Status
On Wednesday, November 14, 2007, Elder Dallin H. Oaks of the Quorum of the Twelve Apostles presided over the groundbreaking ceremony for the Cebu Philippines Temple complex in Lahug, Cebu City. The 29,556-square-foot temple will support a single central spire and share its 11-acre site with a building for patron housing, a meetinghouse, residences for both the temple and mission presidents, and a mission office.
In a letter to Filipino priesthood leaders dated April 18, 2006, the First Presidency announced construction of a second temple for the Philippines in Cebu City. The new temple will cut travel time and expenses for many of the saints living in the southern and central islands. The letter extended an invitation to members who would like to contribute financially to do so as their circumstances allow.
Church membership in the Philippines has grown dramatically over the past 25 years. The nation is home to over a half million Church members organized into more than 80 stakes.
Latest Construction Updates
as of November 24, 2007
G Tower
Initially named as G-Tower by its developer, is a 22 storey mixed use development that would soon rise near Chong Hua Hospital (corner Llorente St.). Construction will commence on 2008.
Ultima Prime Fuente Luxury Residences
- Location: Back portion of EMSU Building and Club Ultima Tower along Ramos Street
- 97 units, all having seaview
- Units range from 64-126 square meters (1BR, 2BR, 3BR)
- 27 storey residential tower
- Price range: P4,347,840 - P9,454,558
Ultima Residences Fuente Tower 3
Discover the ultimate in condominium living at the newest high-rise residential tower located at Fuente Osmeña Blvd., Cebu. The Ultima Residences Fuente Tower has 28 innovative floors of quality at every dimension. Homeowners will enjoy the convenience of Loft-style living. Unhampered by a permanent floor plan, loft style residential units afford one substantial open spaces for flexibility & fluidity of designs. Loft style increases the rooms’ capabilities transforming it into a home or an office.
Ultima Residences Fuente Towers uses an appealing mix of wood, glass, chrome and stainless steel in its interiors, creating a fascinating look of industrial-themed Lofts. It also has wall to floor glass windows for a panoramic view of the city.
Features:
- Close Circuit TV
- Automatic Generator Set
- Automatic Sprinkler System
- Internet Connection
- Video Intercom
- 5 High-Speed elevators
- Swimming pool
- Multi-level basement parking
Specifications:
- 30, 40 and 58 sq. meter units are available
- Height from floor to ceiling is 16 feet
- 19 units per floor
- Condominium with loft
- Priority buyers are Club Ultima members and would be members
Latest Construction Update
as of October 22, 2007
photo from Jarenz
Ultima Residences Ramos Tower
render from tj_brewed
Come Home to Success at Ultima Residences Ramos Towers
The developers, Fuente Triangle Realty Development Corporation is introducing the second installment to luxurious city living to young urban professionals or single individuals located at Ramos Avenue. Ultima Residences Ramos Tower is a wise investment to embody ones success story. It’s a lifestyle within the city central, within walking distance to all major commercial, business and entertainment district of Cebu. It’s a lifestyle so exciting, so complete you can’t ask for more.
Ultima Residences Ramos Tower comprises 30-storeys of mixed used levels. Units are sold at a much affordable rate. Commercial spaces are also available at ground level. Homeowners will love the studio unit with balcony offering an unimpeded view of Cebu Mountains and the South Reclamation Strip. It also has floor to ceiling glass windows and the same quality in specifications and architecture as Fuente Tower.
Where other residential properties force you to choose between accessibility and comfort, Ultima Residences Ramos and Fuente Towers gives you both, plus many other surprises at your doorstep!
Features:
- Close Circuit TV
- Automatic Generator Set
- Automatic Sprinkler System
- Internet Connection
- Video Intercom
- High-Speed elevators
- Multi-level basement parking
Specification:
- 400 condominium units
- 28 – 40 sq. meter area
- Units available w/ balcony
- priority buyers are Club Ultima members & future members
Pag-Ibig chief deems Cebu as the ultimate boom town
Noting the upbeat housing developments in the city, Pag-Ibig Fund president and chief executive officer Romero Federico S. Quimbo deemed Cebu as an ultimate boom town.
Quimbo was in Cebu recently to grace the induction of new officers of the Subdivision and Housing Developers Association Incorporated which has around 16 founding members composed of small scale and big time housing developers and builders from Central and Eastern Visayas.
Quimbo was in Cebu recently to grace the induction of new officers of the Subdivision and Housing Developers Association Incorporated which has around 16 founding members composed of small scale and big time housing developers and builders from Central and Eastern Visayas.
Quimbo said that undeniably Cebu can be considered as one of the country’s booming metropolis with developments from housing, real estate, to commercial establishments within the area to prove it. He said that most housing developments in the province have been financially supported by the Home Development Mutual Fund.
He added that in terms of quality, these houses are not cheap but comfortable type of economic housing which homeowners could stay for a long while.
He added that in terms of quality, these houses are not cheap but comfortable type of economic housing which homeowners could stay for a long while.
Quimbo said it has been the recent administration’s vision to make housing loans more accessible to a huge portion of the populace by decreasing the interest rates and amortization for the past few years.
As Quimbo pointed out, “we want to bring back housing in the forefront. About ten years ago, borrowing from government was more like an impossible dream, but today it has become cheaper to amortize than to rent monthly in many areas. We look at housing as an investment so if you don’t have a home, now is the best opportune time to invest in a house because interest rates are at its historical low,” he advised Pag-Ibig members.
The lowered interest rates in Pag-Ibig’s housing loans resulted to a boom in the housing industry as now more members can now afford to buy their own homes.
In Central Visayas alone, Pag-Ibig loans out an average of P200 million monthly which estimates to around 200 units. In the region, Cebu city contributes the biggest or the bulk of loan outs averaging to around 100 units a month.
For the last five years, Pag-Ibig’s portfolio contained that around 40 percent or about P111.6 billion of the country’s mortgage market is being financed by Pag-Ibig while 37 percent comes from banking institutions combined whereas the rest of the 24 percent are loaned out by other government-owned corporations.
As of March this year, around P7.03 billion has been disposed to members, which reflects an 84 percent increase compared to last year. Despite the increase in borrowings of members, Pag-Ibig have not increased premium rates for its members, Quimbo stressed.
He however explained that they are looking at changing their charter to gain tax exemption considering that they are a provident fund. The charter change said Quimbo will also aim to empower their board of trustees in fixing contribution rates and allow them to reorganize the institution.
However he said if Congress would allow the charter change, changes in the contribution rates will still take place at around the year 2011 to 2012.
“We are the country’s biggest home lender by a wide margin and so, the main objective for the charter change is for Pag-Ibig Fund to become at par and of equal footing with other GFIs,” he said.
Article source: The Freeman
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