Fringe Areas of Metro Manila Next Lifestyle and Business Centers

Share

Manila Standard

By Roger M. Garcia

Aug 27, 2013

The dwindling available areas for development and expansion in Metro Manila is making the capital region’s southern fringe areas ideal and more attractive to foreign and local investors including home buyers.

2013_aug27_life3

Ongoing “world-class” developments for residential and commercial areas in the Alabang to Sto.Tomas Batangas economic and leisure corridor have positioned the Southern Provinces of Laguna and Batangas to become the next lifestyle destination of Luzon.

In a statement Duane AX Santos EVP and GM of Greenfield Development Corporation, one of the leading township developers in Laguna province said that “investing in these fringe areas is becoming the logical choice, with their lower labor and electricity costs.”

Greenfield projects located in its vast landholdings in the perimeter area of South Luzon Expressway (SLEX) in Sta.Rosa, Laguna have started to change the areas landscape.

Touted as the “Lion City of the South”, Sta. Rosa is now home to world-class infrastructure, BPO offices, IT centers, industrial areas, and high-end commercial and residential communities.

In a recent market review by CB Richard Ellis, it was disclosed that at least 3,000 housing units are being sold every month in Metro Manila’s peripheral provinces and cities as growth potential for these areas continue to soar over the past year.

“The study revealed a strong demand for residential properties particularly for single detached houses continuous to grow as the monthly take-up of residential properties steadily increases in the CALABARZON (Region 4).

The presence of a very strong demand for residential units also shows that the residential market in regions outside the Metro has “still hasn’t reached its full potential” as it had been overlooked for quite some time, the CBRE research also disclosed.

New Growth Center

Tapping the economic potential at the frontiers of the metropolis, Greenfield Development Corporation for its part is expanding its 400 hectare Greenfield City in Sta. Rosa.

“Greenfield City is a self-sustaining network of residential, commercial, industrial and recreational communities, ideal for those who are looking for a refreshing shift in scenery and lifestyle outside of Metro Manila,” Santos said.

Greenfield City’s ongoing development is patterned after a park-living concept, putting a premium on open spaces and nature. Its residential park, the 30-hectare Pramana Residential Park and Solen Residences, a 55-hectare development “ that lets residents get away from the hustle and bustle of the city with its vibrant and green living spaces”.

The current developments in the area have brought skilled people living in Metro Manila’s southern outskirts to work with the rise of a new business district: the Santa Rosa Business Park and other office and commercial developments in the Sta.Rosa-Tagaytay stretch.

Greenfield City also boasts of its 65-hectare, PEZA registered Greenfield Auto Park, that caters to a variety of light industries ranging from automotive to telecommunications.

The township builder also offers its own leisure and shopping haven with Paseo de Sta. Rosa. The retail park offers a pedestrian-friendly atmosphere and an open-air, lush alternative to congested malls, featuring restaurants and outlet stores.

Through Greenfield City, Greenfield aims to take advantage of the country’s economic growth by fulfilling its commitment to nurture thriving communities for the future.

“Sta. Rosa is set to be one of the country’s largest economic centers, and Greenfield aims to constantly be at the forefront of its development, so that it may move and inspire generations to come,” Santos said.

http://manilastandardtoday.com/2013/08/27/fringe-areas-of-metro-manila-next-lifestyle-and-business-centers/

 

Orion Support Incorporated (OSI)

Dear Rick,

Following up from my initial request to you for support in finding a new office location for our company, Orion Support Incorporated.   Well, we moved in to the LTA Building on Perea Street, fifty meters or so from Paseo de Roxas this weekend, only a 4 minute walk to AmCham and under excellent terms.

While I think you assigned both Morgan Mcgilvray and Sherdil Rana to support our original request; as you know, Morgan was very tied up with his wife giving birth during the period we identified this location and negotiated with the landlord, Mr. Mike Arroyo. Yes, the former First Gentleman. But in my short interaction with Morgan, I can see that he is a solid, young professional.

With regards to Sherdil, I want to tell you that with 35+ years of interviewing hundreds and hundreds of individuals, I was impressed with his professionalism, focused support and “can-do” attitude  from the point of identifying our potential office space, and through the negotiation stages prior to the signing of our 6 year contract.  I was impressed with his considered opinions, insightfulness with regards to Philippine business culture and his sage advice related to our strategy in the negotiation process.  Sherdil was able to negotiate a rental rate per square meter about 150 – 200 pesos less than the going rate in this area, and with only a 7% increase after 24 months. Add to that, he secured for us three parking slots at no additional cost, two months security deposit versus the standard three, and two months advance rent to be applied to the front end of our contract versus the back end as is the case in most rental contracts. And, he got the landlord to repaint the entire office with three coats of mildew resistant paint at their expense.   But best of all, we were given a 6 year lease, with only having to give two months notice and forfeit only our two month security deposit to move out anytime with no additional penalty!

JOIN THE CBRE COMMUNITY

Receive our latest industry research, news and updates by signing up.

Want to Unsubscribe?

Contact

Manila Office

10F Ayala Tower One & Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City
1126 Philippines

T +632 752 2580 | F +632 752 2571
ricksantosteam@cbre.com.ph

Cebu Office

Unit 1505, 15th Floor, Ayala Life - FGU Center
Mindanao Avenue,Corner Biliran Road
Cebu Business Park, Cebu City
6000 Philippines

T +032 318 0070 | +032 236 0462
ricksantosteam@cbre.com.ph

Contact Us | Sitemap | Disclaimer/Terms of Use | Privacy Policy | © 2012 CBRE Philippines, Inc. All rights reserved: Part of the CBRE Affiliate Network

For inquiries, fill up the form below.

Name

Email Address

Subject

Message

For inquiries, fill up the form below.

Name

Email Address

Subject

Message

For inquiries, fill up the form below.

Name

Email Address

Subject

Message

We would like to hear from you on how we can serve you better. Please fill out the form below and we will get back to you as soon as we can.

Name

Email Address

Subject

Message

Captcha

CAPTCHA code

Share