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Township development in the Visayas

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Township development in the Visayas

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In this special issue we are featuring the mixed use developments in the Visayas that will eventually shape its landscape. Township developments has been touted as the next big thing in real estate, thus it merits to have a closer look.

In this special issue we are featuring the mixed use developments in the Visayas that will eventually shape its landscape. Township developments has been touted as the next big thing in real estate, thus it merits to have a closer look.

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Township development in the Visayas

  1. 1. Mactan Newtown Megaworld Corp.’s Mactan Newtown, one of the Visayas region’s most notable properties, also stands as one of the developer’s most popular and successful projects. The 28.8-hectare township, a master-planned neighborhood that has its own beachfront, is Megaworld’s first major development outside Metro Manila. Located in Lapu-Lapu City, the township is a thriving community with a number of prime office and residential spaces within the Cyberpark just a few minutes away from the Mactan-Cebu International Airport. The township also features various retail shops in the area, along with a school that belongs to the Lasallian Schools Supervision Office. Several other projects, including planned premium hotels, the 8 Newtown Boulevard, One Manchester Place, and One Pacific Residence, the Mactan Shrine and Hitulungan Channel, are also inside the township. VISAYAS TOWNSHIP DEVELOPMENT SPECIAL SSUE NOVEMBER 2018  ISSUE VOL. 3, S2 PROPERTY MARKETWATCH   A A P R O P E R T Y S O L U T I O N S N E W S L E T T E R V O L . 3 S 2 In this special issue we are featuring the mixed use developments in the Visayas that will eventually shape its landscape.  Township developments has been touted as the next big thing in real estate, thus it merits to have a closer look. Cebu Business Park The 50-hectare development features the 9- hectare Ayala Center Cebu shopping mall. Cebu Business Park, one of the region’s biggest BPO hubs, features many leading firms in the industry. Such as, Sedona Park condominium, Park Point Residences and 1016 Residences.   Cebu IT Park was formerly known as the Asiatown IT Park to provide more emphasis on its base city. The 27-hectare economic zone houses 70 percent of the city’s BPO industry with spaces for offices and relative services and contributed 23,000 jobs to the local workforce in 2011.
  2. 2. NOVEMBER 2018 VOL. 3 Citta Di Mare Citta Di Mare by Filinvest Land, or otherwise known as the “City by the Sea,” is located along Cebu City’s coastline, a 50-hectare development with the ambition of establishing itself as the Lifestyle Capital of Cebu. The development on the area is a joint-venture development project between Filinvest Land, Inc. and the Cebu City Government. Iloilo Business Park Iloilo Business Park (IBP) is a 72-hectare mixed use development project in Mandurriao district, Iloilo City, Philippines. It is developed by Megaworld Corporation and is the company’s first investment made outside Metro Manila. Redefining the city as a world-class hub throughthe 72-hectare Iloilo Business Park – the company’s multi-awarded township development in Western Visayas. The initial phase of development saw the establishment of the Department of Tourism’s Iloilo Convention Center (ICon), which stood on a 1.7-ha lot donated by property giant Megaworld. The township also brings world-class office towers to the province. Seven BPO companies are now occupying the five existing office towers within the township, collectively catering to more than 15,000 BPO workers at present. The nine-hectare commercial district at IBP will also become the home of the regional headquarters of some of the country’s leading financial institutions, like the UnionBank of the Philippines and Metrobank. The Iloilo Boutique Hotel and Commercial District is the newest phase of the Iloilo Business Park. Prime lots in this district are available to those exclusively invited to become an integral part of the business park’s development. Pueblo de Panay Pueblo de Panay is poised to change the landscape of Roxas City in Capiz. This 500- hectare mixed-use, Filipino-inspired township would not only serve as the live- work area of choice, but may more importantly, become a center of economic and social progress in the province.  The township is planned to eventually include future locators such as a university, a hospital, a four-star hotel, food terminal complex, and themed residential communities, foremost of which is Sitio Uno, the first premiere vertical mixed-use condominium in Capiz. Vista City Iloilo Vistaland said its Vista City Iloilo will cover about 500 hectares, spanning the municipalities of Oton, Pavia and San Miguel on Panay Island. The property is close to the University of the Philippines Visayas, Central Philippine University, University of San Agustin and the West Visayas University, as well as the Western Visayas Medical Center and The Medical City Iloilo, the company said. The Upper East The Upper East is located on a 34-hectare property that used to be the Bacolod- Murcia Milling Company (BMMC) on the eastern side of Bacolod City. It is bounded by Burgos Avenue on the north, Lopez Jaena Street on the west and Circumferential Road on the east and is just across the New Government Center. This prime location, which the locales simply refer to as “East,” is now known to be Bacolod’s booming commercial and business process outsourcing (BPO) district. Property MarketWatch is a publication of AA Property Solutions that aims to provide clients and real estate practitioners with the best available market update and knowledge to make well informed decisions on real estate investments and transactions.
  3. 3. NOVEMBER 2018 VOL. 3 Northill Gateway On the northern part of Bacolod, where the famous Sugar Road was built, the second township will soon rise and will be called Northill Gateway. It is located on a 50-hectare property along the new Circumferential Road on the boundary of Talisay City and Bacolod City that has direct access to the new Bacolod- Silay Airport. A joint development of Megaworld and its wholly owned subsidiary Suntrust Properties, Inc. in partnership with the Lacson Family, Northill Gateway will rise in an area that has a direct link to The Upper East via the Circumferential Road. It is envisioned to be a refreshing lifestyle district that will house upscale residential villages, mixed-use office and retail developments, leisure and recreational amenities as well as institutional facilities. Sta. Barbara Heights Located at Brgy. Inangayan in Sta. Barbara, Iloilo, the 170-hectare Sta. Barbara Heights is a mixed-use development of Megaworld's Global- Estate Resorts, Inc. in Western Visayas. Thirty- four hectares of Sta. Barbara Heights will be used for residential lots, which offer a scenic backdrop of rolling hills and natural lake. The historical landmarks of the Iloilo Golf Course and Country Club – the oldest in Asia – as well as the Santa Barbara Church and Convent are also adjacent to the property for ease and convenience of its future homeowners. Mandani Bay Hongkong Land and the Gaisano-owned Taft Properties are partnering to develop a 20- hectare property in Mandaue City which company officials said would require billions of dollars of investments to complete. Three of Mandani Bay Quay's four towers are residential buildings while the fourth is designed as an office tower. Gatewalk Central Ayala Land Inc. and AboitizLand are shelling out P26 billion to build a 17.5 hectare business district and lifestyle destination in Mandaue City, Cebu. The project called Gatewalk Central will include office buildings, residential options, parks, an Ayala mall, and other retail selections. The Ayala Mall, which will feature Landmark department store as its anchor, will open in 2019. Gatewalk Csntral will also have a wide mix of popular global and local brands, family dining, entertainment concepts, and BPO office space. Northside Beacon Duros Land Properties Inc. (DLPI) recently launched Northside Beacon, an PhP8- billion, 200-hectare spread situated in two separate areas in the town of Liloan, 23 kilometers north of Cebu. The two central amenities are the 18-hole par 72 Liloan Golf Course, and the full- fledged elementary and senior high school called the Divine Life Institute of Cebu. Other features include a strip mall, the Woodlands Resort Communities with a clubhouse, first phase of a high-end verdant subdivision dubbed Fairway Estates, first phase of the economic housing project, a retirement village, and a supplemental Japanese language learning institution within the school. Property MarketWatch is a publication of AA Property Solutions that aims to provide clients and real estate practitioners with the best available market update and knowledge to make well informed decisions on real estate investments and transactions.

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