AT the heart of Japanese minimalism is the cultural concept of “Ma” or the space between things. It is about finding beauty in simplicity. It is a philosophy that the Japanese apply to all aspects of life, from the respectful pause when they bow to each other, to the quiet moments for contemplation while drinking coffee, and even to elements of design.

The use of space in Japanese residences is where this concept of efficiency is quite evident and clearly beneficial. Throughout the years, they have refined home organization into a lifestyle and an art form—creating clutter-free, relaxing, and welcoming spaces. It is no wonder that Japanese residential designs are a perfect example of smart, yet aesthetically pleasing, space usage and making the most out of compact living.

Space and storage are given the Japanese approach at The Seasons Residences, the upscale Japanese-inspired residential development that will soon rise at Bonifacio Global City (BGC). Each unit of The Seasons Residences channels Japanese discipline, design and aesthetics to maximize space.

Similar to a typical Japanese home, the units at The Seasons Residences open to a genkan, the transitional space between outdoors and indoors where visitors are welcomed and are required to take off their shoes before entering. This is a Japanese tradition that goes back to the Meiji era over a thousand years ago and has persisted to the present even with the introduction of Western influences. The Seasons Residences continues this Japanese tradition by installing a getabako or shoe cabinet at the entrance of every condominium unit. The getabako prevents footwear from cluttering up valuable space inside the unit; it minimizes dirt, mud, and grime from entering and soiling the floor.

In Japanese homes, the kitchen is considered a utilitarian space where the design focuses on functionality rather than aesthetics. It is important that every element has a purpose and a place. Following this concept, the kitchens at The Seasons Residences are equipped with practical storage solutions to minimize clutter. The built-in sink is larger than standard, so multiple tasks can be done at the same time. Each unit comes with spacious cabinets for proper storage of utensils, equipment and food. For a clutter-free kitchen, a built-in floor storage is also installed to keep heavy items like condiments, bottles, and canned goods out of sight. This is a common feature in highly traditional Japanese homes.

The innovative storage solutions at The Seasons Residences extend to the bedrooms as well. Floor-to-ceiling Japanese-style closets maximize the space in the area, giving plenty of room to breathe and interact. Going back to the philosophy of “Ma,” having negative space lets one focus, de-stress, and keep the mind free from negativity.

The ingenious storage systems, as well as the generous spaces at The Seasons Residences help residents organize, allowing them more time to reflect, relax and meditate. Embracing harmony also creates more room for relationships and meaningful interaction. Take a closer look at how we treat spaces by visiting the showroom at 7th Ave cor. 34th St., Grand Central Park, North BGC, Taguig City (across the Lexus Manila Showroom). For more information, e-mail invest@federalland.ph.

The Seasons Residences is a collaboration between Federal Land Inc., Nomura Real Estate Co. Ltd., and Isetan Mitsukoshi Holdings Ltd. The development’s first tower, Haru, is set for completion in 2023.

Read more: Business Mirror


Formerly a Philippine Army camp, Bonifacio Global City or BGC is one of the country’s most important financial districts. It is home to embassies, headquarters of multinational companies such as Google Philippines, Facebook Philippines, JPMorgan Chase, Coca-Cola Philippines, Reuters, and more.

And while the city center has been established for a few years now, the northern district of the city is experiencing a growth spurt with the opening of modern office skyscrapers and exclusive condominiums. Bound to the north by Kalayaan Avenue, to the east by 11 th Avenue, the west by South Cembo of Makati, and the south by 32 nd Street, North Bonifacio Global City is home to concept restaurants, lifestyle centers, and elite educational institutions. Explore the streets of the burgeoning North Bonifacio Global City like a local with this quick neighborhood guide.

SCHOOLS AND UNIVERSITIES


University of the Philippines BGC
The country’s premier university sets up a satellite campus in BGC to host professional programs for the working professionals in the CBD. UP BGC will offer postgraduate studies under the Virata School of Business, UP Diliman College of Law, UP Diliman College of Engineering, and more.
Location: University Park, Bonifacio Global City


De La Salle University – Rufino Campus
De La Salle University College of Law finds a new home in the DLSU-Rufino Campus in BGC. Aside from providing quality law education anchored on social justice and human rights, De La Salle University-Rufino Campus takes pride in its state-of-the-art facilities such as moot court and arbitration room.
Location: Block 33 University Park, Bonifacio Global City


International School Manila
With a faculty composed of more than 20 nationalities, International School Manila aims to develop global citizens. The school caters to students from preschool to Grade 12 and also offers the International Baccalaureate program for its 11 th and 12 th -grade program.
Location: University Park, 38th St, Bonifacio Global City


The British School Manila
Established in 1976, The British School Manila is the oldest international school that offers British education. The school provides an adapted form of the British National Curriculum and International Baccalaureate for children ages 3 to 18.
Location: University Park, 36th St, Bonifacio Global City

SHOPS
S&R Membership Shopping
Whether you are craving for some food or shopping for homewares on sale, S&R Membership Shopping has got you covered. S&R offers a wide variety of local and international products in packages that give the best bang for your buck.
Location: 32nd Street, 5th Avenue, Bonifacio Global City


Mitsukoshi
Discover a unique Japanese shopping experience with the first Mitsukoshi in the Philippines. Opening in 2021, Mitsukoshi will feature well-curated Japanese homegrown brands, authentic Japanese restaurants, and its signature supermarket.
Location: 8th Avenue, corner 36th St, Bonifacio Global City

The Shops at Grand Central Park
Inspired by the sophisticated 5 th Avenue of New York, The Shops at Grand Central Park is all about chic shopping experiences. Poised to transform the shopping prospects of BGC, The Shops at Grand Central Park will feature stylish boutiques, quaint shops, and sumptuous dining.
Location: 7th Avenue cor. 36th and 38th Streets., Grand Central Park, North Bonifacio Global City

HOSPITAL

St. Luke’s Medical Center – Global City
Recognized as one of the best hospitals in the world, St. Luke’s Medical Center is a multi-specialty hospital complete with state-of-the-art facilities and top-notch doctors. In 2014, it was cited as one of the 20 Best Hospitals Worldwide by the Diplomatic Council, a global think tank with consultative status to the United Nations.
Location: Rizal Drive cor. 32nd St. and 5th Avenue, Bonifacio Global City

CHURCH

St. Michael the Archangel Parish Church
St. Michael the Archangel Parish Church is a large beautiful church on the northern edge of Bonifacio Global City. The church holds masses in English and Filipino to cater to both locals and expatriates alike.
Location: 39th Street corner 10th Avenue, North Bonifacio Global City\

RECREATION


KidZania Manila
More than just a playground, KidZania Manila is a kid-sized city with over 100 role-playing activities that give children a glimpse of the adult world. Children ages 4 to 17 can experiment at being bakers, doctors, pilots, or radio hosts for a day.
Location: 11th Avenue, Bonifacio Global City


Turf BGC
Fancy a game of football? Call your buddies to Turf BGC, the country’s first-ever artificial football turf. Turf BGC is a FIFA-standard community football field made of ternate yarn for a grass-like surface. The field also has a powerful lighting system so you can play even late at night.
Location: 9 th Avenue, Bonifacio Global City

RESTAURANTS


No. 8 China House
With a team of seven chefs from China, No. 8 China House serves some of the most authentic and best-loved Chinese specialties in the city. The Peking Duck, Chinese Barbeque, Dim Sum, and other dishes are prepared before your eyes in open kitchens and live stations that represent the upbeat Asian hustle and bustle.
Location: 5/F Grand Hyatt Manila, 8th Avenue corner, 35th St, Bonifacio Global City


Hello Kitty Café
Dreams do come true for Hello Kitty fans at Sanrio’s first Hello Kitty Café in the Philippines. Dolled up in French-Mediterranean royalty decor, the restaurant will bring out the kawaii princess in you. The menu features Hello Kitty-inspired dessert and savory French meals perfect for fans and non-fans alike.
Location: 3/F Uptown Place Mall, 36th Street Corner 9th Avenue, Bonifacio Global City


Mercato Centrale
Though they are only open Fridays and Saturdays from 6:00 PM to 3:00 AM, Mercato Centrale always draws large crowds every time. Midnight Mercato features a wide variety of street food and around the world favorites, such as cheeseburgers, takoyaki, kakanin, and ice cream with weird flavors.
Location: 34th Street corner 8th Avenue, Bonifacio Global City

BARS AND PUBS


The Peak
Nestled on top of the tallest building in the country, The Peak elevates the usual bar scene to the highest level. The Peak is a fusion of a grill restaurant, speakeasy, whiskey bar, and a music lounge, to take you from dining to drinks, to a one of a kind experience of the high life.
Location: 60/F Grand Hyatt Manila, 8th Avenue corner, 35th Street, Bonifacio Global City

Skinny Mike's Sports Bar
Open 24 hours a day, Skinny Mike’s Sports Bar is the place to be to catch up on your favorite NFL games. Skinny Mike’s has several 42-inch LCD TVs so sports fans can watch the latest games while enjoying sizzling sisig and cold beer with friends.
Location: 32nd Street corner Justice Drive, Bonifacio Global City


The Palace
With 5 distinct superclubs namely Revel, XYLO, The Island, Yes Please, and B.A.D., The Palace Manila is the biggest and hottest entertainment complex in Manila.
Location: 11 th Avenue corner 38 th Street, Uptown Bonifacio, Bonifacio Global City


Luna Specialty Coffee
Luna Specialty Coffee is a proudly Pinoy-themed café known for its unique brews and creative Filipino food. Patrons of this cozy little café flock here for exquisite coffee and bestsellers Bangus Pandesal, Tuyo Penne, and Bacon-Style Tapas.
Location: G/F NAC Tower, 32nd Street, Bonifacio Global City


Black Scoop Creamery
Black Scoop is best known for one genius creation: the milk tea soft-serve. Their famous Pearl Milk Tea Soft-Serve comes in four flavors: wintermelon, okinawa, caramel, and chocolate. Aside from their bestselling milk tea soft serve, people also love the cozy and Instagram-worthy interiors.
Location: 9th Avenue, Bonifacio Global City


TRANSPORT
If you want to ditch your car for a change, BGC has buses to get you to the main points of the city. For a northern exploration, BGC Bus has a North route that runs through stations at Park Triangle, BGCTurf, Uptown Mall, and other landmarks in North BGC. The North route runs Monday to Friday from 6:00 am to 10:00 pm.


Inspired by New York City, Federal Land’s Grand Central Park (GCP) is a 10-hectare illustrious community rising in North Bonifacio Global City. Featuring grand spaces to live, work, and shop in style, Grand Central Park is a masterfully planned township poised to be an architectural marvel anchored by the iconic Grand Hyatt Manila.

Interested in a Grand Central Park home? Email invest@federalland.ph for more details.

(This article first appeared on Manila Bulletin, November 12, 2019 issue)

The Philippine real estate industry continues to enjoy steady growth attributed to, among other things, a steady increase in demand in the residential condominium segment.

As the income of the middle to upper middle class grows, their taste has also become more discerning. They are now more concerned about products that are reflective of their lifestyle choices and products that provide convenience and comfort.

Real estate developer, Federal Land, Inc., recognized this shift in Remand. In one of their recent forays, they have chosen to collaborate with a property developer from Japan, Nomura Real Estate Development, Co., Ltd., whose vision for quality, value, and customer satisfaction equals their own.

Founded in 1957 in Tokyo, Nomura Real Estate Development Co., Ltd. is one of the affiliates of the Nomura Group of Companies which has a history of more than 90 years of investment banking experience. One of the more prominent members of this group is Nomura Securities, one of Japan’s largest financial institutions.

The real estate company engages in residential development, corporate real estate brokerage, commercial property development, building leasing, and architectural design businesses across Japan, and recently, in China, Vietnam, and Thailand.

Nomura has not only dedicated itself to going beyond normal design boundaries, but has continuously explored new technologies that better serves the urban landscape of its properties.

Under its quality residential brands, Proud and Ohana, Nomura has gained a reputation for quality in locations they are present in, bringing value to the environments they build.

“As a company, we look for equally strong partners in every project. We consider it an honor to bring the excellence that Nomura Real Estate is known for and to share it with the Philippines. We’re very happy to find a good partner in Federal Land Inc. so we can transform our vision of integrating all that is precious to people and communities, into reality,” said Eij’i Kutsukake, chairman of Nomura Real Estate Development Co., Ltd.

The Seasons Residences is the first project of the partnership between Federal Land, Nomura Real Estate Development Co., Ltd., and retail giant, Isetan Mitsukoshi Holdings, Co. Ltd. It is a four-tower Japanese-inspired residential development which will be home to the first Mitsukoshi Mall in the country.

It is currently under construction at Federal Land’s Grand Central Park in Bonifacio Global City.

This venture promises to offer a harmonious, innovative, and technology-led home that elevates the lifestyles of the growing population of discerning buyers.

“By combining our knowledge and enthusiasm with our high level of technical skills, we can offer the best products and services to the, partnership,” Kutsukake said.

The Seasons Residences benefits from Nomura’s expertise on design efficiency. Among other features, this translates to maximized storage spaces within the units, clean technology (where each unit wiljt have tiles that minimize excess’ humidity, unpleasant odors, and harmful substances in the air), and safety (the use of visco-elastic coupling dampers to reduce wind and earthquake vibrations).

The partnership will also be building the much-anticipated Mitsukoshi Mall at the podium of the residential towers of The Season Residences. This four-story retail development is set to provide a holistic Japanese shopping experience to Filipinos.

 

 

(This article first appeared on Business World, November 11, 2019 issue)

BGC continues to be one of Metro Manila’s most attractive investment locations. This is driven by the continued growth of the local residential market, a positive economic outlook for the Philippines, the steady emergence of a moneyed local demographic, and various ongoing and planned infrastructure projects that directly benefit the city. Colliers International reports that capital values in BGC increased by an average of 6.7% in the first quarter of 2019, it expects prices to continue to increase by an impressive annual average of 6.3% from 2019 to 2021.

One infrastructure project that is a prime catalyst In BGC’s value appreciation is the proposed Metro Manila Subway Line, which is seen to span 30 kilometers from Quezon City to Taguig, and 14 stations, two of which will be located in the north and south of BGC. The Subway is expected to be completed by 2025. Another is the construction of the BGC-Ortigas Link bridge, which will allow motorists to bypass EDSA or C5 to get to BGC from the main Ortigas CBD and vice-versa.

Demand from local high-net-worth individuals and the’ influx of foreign investors taking advantage of the country’s information technology and business process management (ITBPM) industry will continue to drive the residential sales market as well.

In its 2018 report, Jones Lang LaSalle pinpointed that these groups “typically secure the biggest and most expensive units from high-end and luxury brands to maximize the value appreciation in major markets.” This bodes well for premium developments like The Seasons Residences, which can see its market value appreciating over the next few years.

The project is the latest offering of Federal Land, Inc. in partnership with Japanese property development group Nomura Real Estate Development Co. Ltd. And Japanese retail conglomerate Isetan Mitsukoshi Holdings Ltd. Set in Federal Land’s Grand Central Park township in the northern part of Bonifacio Global City (BGC), The Seasons Residences will feature impeccable Japanese innovations meant to elevate the standards of comfort, convenience, and functionality for discerning homeowners. The integrated-use development will house four upscale residential condominiums, world-class amenities, and one of the most impressively designed malls to be built in the Philippines.

Efficiently designed resource-saving fixtures are featured in every residential unit, while the buildings boast of the most state-of-the-art security and safety technology, including a damper system that will protect the structure against earthquakes and strong winds. The development will also include world-class, Japanese-inspired amenities, including a spa, a karaoke room, a wellness room, and a Japanese garden.

Residents of The Seasons Residences will have direct access to the country’s first Mitsukoshi, which will be located at the podium of the development. The four-storey retail space will offer a unique Japanese mall experience in terms of design, service, and merchandise. Mitsukoshi will also feature a Japanese-style supermarket and food hall, a dedicated beauty zone, and other exclusive Japanese brands and concepts.

The promise of an elevated, convenience-centered lifestyle is not the sole appeal of purchasing a home in The Seasons Residences. Discerning buyers know that there are sound and valid prospects of investing in a property in one of Metro Manila’s most in-demand areas.

“Geographical advantages, rapid development, and limited supply are just a few reasons to invest in the upscale residential market in BGC,” says Cathy Ko, Executive Vice President of Federal Land, Inc. ‘The Seasons Residences, with its premium facilities, sophisticated Japanese design, ‘ and spacious condominium units, is set to be a prime investment for those looking either to reside in the area or looking to lease out their units.”

Don’t miss out on the investment opportunities offered by The Seasons Residences. Call The Seasons Residences hotline at 0998-595-5834, email us at invest@federalland.ph or visit the showroom at 7th Ave. cor. 34th St., Grand Central Park, North BGC, Taguig City (across the Lexus Manila Showroom). Haru, the development’s first tower, is slated for completion in 2023, while Mitsukoshi Mall will open in 2021.

With picture-perfect beaches, a thriving economy, and a large English-speaking population, the Philippines has become a top expat destination. Legally, a foreigner can own a condominium unit provided that foreign ownership in the given condo development does not exceed 40 percent.

If you’re a foreigner thinking of moving and settling in the Philippines, here are a few things to consider before buying your condo.

Your Short and Long-term Plans
Do you plan to raise your family in the Philippines, or are you just staying for a few months? Practically, it is better to buy a condo than rent one when you plan to stay for more than a few years. And, if you are looking for an additional steady source of income; a condo unit can be a rewarding investment. Rent it out in the long term and collect monthly rent with minimal to zero effort.

Set a budget
Before you start the search, set a budget you are willing to work with. If you plan to take out a home loan, ask reputable banks about their mortgage options for foreigners.

Aside from the Total Contract Price of the condo unit, take note of the transaction fees and taxes you need to settle. Adding these to your computation will help you set a sensible budget.

Location, Location, Location
The neighborhood you choose to live in can either further or get in the way of your lifestyle. A condo within or near the central business district will mean that your work, elite schools, upscale malls, and fancy restaurants are within your reach. Plus, condos in prime locations appreciate faster.

A Support Network
If you are coming to the Philippines for the first time, it may be wise to settle in an area with a significant expat population. Filipinos will treat you like family and make you feel at home, but it is natural for expats to seek communities that they can truly identify with. Business districts like Makati, Ortigas, and Bonifacio Global City have expat clubs that will show you the ropes and help you settle in.

Outside the capital, you will find the areas of Clark, Subic, Cebu City, and Davao City have a sizeable number of foreign residents.

One Wilson Square in Greenhills, San Juan City is an upscale condominium that offers spacious and well-appointed ready for occupancy units that provide full access to an enhanced level of luxury.

Track record of the developer
If you are planning to purchase a condo unit in its pre-selling phase, it is important to choose a developer with a solid track record of delivering your unit as promised. Federal Land, Inc. is a reputable developer that has handed over thousands of condo units to satisfied homebuyers.

Local help
As a foreigner, you might not be familiar with the ins and outs of real estate acquisition. To protect you and your purchase, get the right, qualified local help to guide you. A lawyer can help you verify the authenticity of the property title and make sure everything is legal. A licensed broker or a trusted property specialist will guide you through the acquisition process.

Final Check
Before you finalize the sale, do a final check on the property. Carefully check the unit’s condition, size, amenities, and electrical and water connections. Ask for the condominium house rules and make sure you are comfortable with them.

Valencia Hills Tower E in New Manila, Quezon City is an upcoming vertical residence that sits in a quietly elegant residential enclave along N. Domingo and Valencia Streets.

Like in any property purchase, gather all the facts before deciding. Do your due diligence and choose a reliable developer with a solid track record of building high-quality properties like Federal Land, Inc.

Prime real estate developer, Federal Land, Inc. has been creating properties built on the values of trust, reliability, and integrity. It is the developer of many large-scale developments: residential condominiums, office buildings, retail and commercial centers, mixed-use townships and master-planned communities.

To know more about pre-selling and RFO condos for sale, email invest@federalland.ph.

If you are actively looking for investment opportunities, you would have heard of the term “pre-selling.” Pre-selling condos, as the name implies, are condominium units available for sale before the building is completely constructed. Although buying a condominium under these circumstances may seem unconventional, pre-selling condominiums do have advantages. Here are the top three benefits of buying properties while they are still in the pre-selling stage.

Low Introductory Price
Condominium projects are launched at a low introductory price to generate interest and attract investors. Given the rapid appreciation in today’s real estate market and the finite property of developable land, prices of ready-for-occupancy units can climb up to twice the original price offer.

Flexible Payment Terms
Pre-selling condos offer flexible payment terms to make monthly payments straightforward and effortless. On top of the low introductory price, you can get a significant discount and a more spread out payment term when you avail at the start of the pre-selling phase.

Quick Return on Investment (ROI)

The value of real estate appreciates over time. This is especially true with pre-selling properties. Condominium projects are typically completed within a few years. By that time, the property’s value would have appreciated considerably and the buyer can earn a hefty profit by reselling his unit or leasing it out for a steady cash flow.

The Seasons Residences in Bonifacio Global City is a joint venture development of Federal Land, Inc., Nomura Real Estate Development Co., Ltd. and Isetan Mitsukoshi Holdings Ltd. A premier four-tower residential development, The Seasons Residences will be home to the first Mitsukoshi Mall in the Philippines.

Quick Tips on Pre-selling Condos
As a smart homebuyer, beware of potential troubles that can hurt your investment. Here are some tips to help you avoid unnecessary difficulties from the get go:

  1. Buy only from reputable real estate developers with a solid track record of delivering quality properties on time.
  2. Make sure to understand all terms and conditions before signing any document.
  3. If you plan to purchase through a home loan, canvass reputable banks only.
  4. Avail the services of a licensed broker or a trusted property specialist to guide you through the acquisition.
  5. Verify the project’s legitimacy on Housing and Land Use Regulatory Board (HLURB). HLURB is a government agency that regulates the Philippine real estate industry.

Mi Casa in Bay Area, Pasay City is an upcoming vertical residence reminiscent of Hawaii’s tropical ambiance redesigned for contemporary Filipino living.

Prime real estate developer Federal Land, Inc. has dedicated itself to developing properties that are faithful to the aspirations and expectations of its residents. Each Federal Land project adheres to the highest standards and is built to be of topnotch quality.

Quantum Residences along Taft Avenue is centrally located amidst known universities and business establishments in the area. Perfect for college students and hardworking professionals in pursuit of their careers and interests.

Among Federal Land’s pre-selling developments are The Seasons Residences in North Bonifacio Global City, Taguig; Mi Casa and Palm Beach West in Metro Park, Bay Area, Pasay City; Quantum Residences along Taft Avenue; Marco Polo Residences in Cebu City; Valencia Hills in New Manila, Quezon City; Florida Sun Estates in Cavite; Peninsula Garden Midtown Homes in Paco, Manila; and Siena Towers in Marikina City.

For more information on pre-selling condos, email invest@federalland.ph.

As one of Philippine’s pioneer real estate developers, Federal Land Inc. is known for iconic projects and world-class aspirations. A proud member of GT Capital Holdings, Federal Land demonstrates the passion of a trailblazer and innovator tempered by the strict disciplines of banking and finance.

Now on its 47th year, Federal Land has dedicated itself to developing properties that are faithful to the aspirations and expectations of its residents. Each project is truly considered and built to be of topnotch quality. Federal Land, Inc. creates properties anchored on the values of trust, reliability, and integrity through its masterbrands, Federal Land and Horizon Land.

Humble Beginnings


Soler Tower, Tytana Plaza, and Mandarin Mansion are the first projects of Federal Homes, Inc. in 1970s

Federal Land Inc. began in 1972 as Federal Homes, Inc. In the same year, it launched the Soler Tower to cater to the Filipino-Chinese community in Binondo, Manila. This was immediately followed by the launch of Tytana Plaza, Mandarin Mansion, Escolta Twin Towers, Dasma Corporate Center, and Federal Tower.

The success of Binondo projects and the increasing investor confidence led to an expansion in Pasay. In 1990, Federal Land launched Bayview International Towers along Roxas Boulevard. The project was one of the first prime developments in Pasay. After the reclamation of Manila Bay, Federal Land acquired 40 hectares to start a master-planned integrated community: Metro Park.

Setting its sights on producing more quality projects for its customers, Federal Land dedicated itself to building self-sustaining communities in Manila, Makati, Cavite, and Cebu. Early 2000 saw the rapid introduction of prime real estate projects such as Bay Garden Club Residences, Oriental Garden Makati, Florida Sun Estates, Valencia Hills, The Grand Midori Makati, Riverview Mansion, Marco Polo Plaza Cebu, and the landmark GT Tower International.

Since then, Federal Land has continued to build and deliver high-quality properties that are tailor-fit to the communities it chooses to serve. The Four Seasons Riviera in Binondo is designed with feng shui sensibilities. The Peninsula Garden Midtown Homes is intended to be a kid-friendly garden enclave ideal for starting families. The Quantum Residences is strategically located in between Manila’s university belt and Makati Central Business District to cater to young adults transitioning from students to professionals. Marquinton Residences, Tropicana Garden City, and Siena Towers gave Marikina citizens a new option aside from the traditional house and lot living. Mi Casa in the Bay Area brings in the modern tropical paradise streamlined for contemporary living. These projects stand as testimonies to Federal Land’s unrelenting commitment to building structures and communities that contribute to the progress of society.


President Rodrigo Duterte leads the unveiling of the Grand Hyatt Manila Marker with late Federal Land Chairman George S.K. Ty.

Global Alliances
Not resting on its laurels, Federal Land continues to advance its vision of building exceptional properties through its alliance with renowned global brands.

In Cebu, Federal Land partnered with Marco Polo Hotels of Hong Kong to develop the five-star Marco Polo Plaza and the first branded residence, Marco Polo Residences.

In 2008, Federal Land partnered with Orix Corporation, a top real estate company in Japan, for the Grand Midori Makati on Legazpi Street. The partnership fused Filipino artistry and Japanese ingenuity and created a Zen oasis in the heart of the city. In 2012, Federal Land formed the Bonifacio Landmark Realty and Development Corporation, a joint venture with Orix Corporation, to bring the iconic Grand Hyatt Manila and Grand Hyatt branded residences to North Bonifacio Global City.


Eiji Kutsukaka, Chairman of Nomura Real Estate Development; Toshihiko Sugie, President of Isetan Mitsukoshi Holdings; George Ty, GT Capital Chairman; and Alfred V. Ty, Federal Land Inc. unveils the scale model of The Seasons Residence.

Launched as a closing highlight to 2018, The Seasons Residences is a $400 million development project in partnership with leading Japanese firms, Nomura Real Estate Development, and Isetan Mitsukoshi Holdings, Inc. The development will have four upscale residential towers and the country’s first Mitsukoshi Mall.

Excellence in Execution


Federal Land, Inc. General Manager Thomas Mirasol and Vice President for Sales and Marketing John Cabato receive the 2019 Top Developer Award from BCI Asia.

Federal Land’s track record of quality, reliability, and integrity did not go unnoticed, with the company receiving numerous accolades over the years. The latest among its achievements is the 2019 Gold Award for Outstanding Developer from Fédération Internationale des Administrateurs de Biens et Conseils lmmobiliers (FIABCI) for the Grand Hyatt Manila Residences in BGC, Taguig.

Other notable awards collected are the 2019 Top Developer Award from BCI Asia for The Seasons Residences; the 2019 Brand Leadership Award from CMO Asia; the Best Luxe Condo of the Year from The Outlook 2018 by Lamudi for the Grand Hyatt Manila Residences; the 2017 Gold Award for Outstanding Developer from Fédération Internationale des Administrateurs de Biens et Conseils lmmobiliers (FIABCI) for The Grand Midori Makati; and the 2007 Developer of the Year Award from Chamber of Real Estate and Builders Association (CREBA) for Marquinton Residences in Marikina.

The Legacy Continues

Designed by world-renowned architecture firm Foster + Partners, the Estate Makati is envisioned to be the crowning jewel of Makati Skyline.

This 2019, Federal Land is slated to launch several projects including the Hawaiian-inspired development in the Bay Area, Mi Casa; and the company’s first foray in Ortigas CBD, The Grand Midori Ortigas. Federal Land is also scheduled to publicly launch the ultra-luxurious condominium project in partnership with SM Prime Holdings. Designed by world-renowned architectural firm Foster + Partners, The Estate Makati is set to be the crowning jewel of the Makati skyline and is expected to put the Philippines on the map of modern architectural marvels.

Federal Land celebrates its 47th year of transforming the skyline and reimagining the country bearing the theme “Excellence in Execution: Delivering What is Promised.” The theme underscores Federal Land’s commitment to create and develop enriching communities on par with the rest of the world. The values of accountability, ownership, and urgency serve as the company’s guiding principle to ensure Federal Land’s legacy of excellence will continue not only for 2019 but for the years to come.

Mi Casa at Metro Park

Choosing a condo for investment is not an easy decision to make.  After all, there are several options on the market, each better than the last.  If you are interested in the Bay Area, then a Federal Land, Inc. condo is your best bet to grow your investment.  Here are five good reasons for buying and investing in Federal Land’s Metro Park.

 

Residences are resort-inspired communities

Mi Casa at Metro Park

The condominium communities of Metro Park redefine high-end living with a relaxing vacation atmosphere.  Residents will get the feeling of not just being at home, but also being like at a resort at the same time with its club-like amenities and tropical aesthetics against the backdrop of the world-famous Manila Bay sunset, only for the select few.

Prospective homebuyers and investors can choose from several deluxe resort communities.  There is the exclusive Bay Garden Club and Residences, the first community to rise in the Metro Park enclave.  There is the Six Senses Residences, distinctive for its lucky number eight shape. There is also the sunny Palm Beach Villas and Palm Beach West.

Federal Land’s latest offering by the bay is Mi Casa, a vibrant vertical residence reminiscent of Hawaii’s reinvigorating aesthetic of open sea and air.  Mi Casa will have four towers: Hawaii, Maui, Lanai, and Honolulu that will bring in the modern tropical paradise streamlined for Filipino contemporary living.

Each of the condominium communities offer thoughtfully designed and well-spaced units for comfortable living.  There are also intimate gathering spaces in the amenity deck to foster a close communal relationship.  Residents can host barbeque parties, movie nights and play dates all within a neighborhood that embraces the sun, wind, and sea.

 

Federal Land is one of the top developers in the country

Six Senses Residences at Metro Park

As a homebuyer and investor, acquiring property from a reputable developer with a solid track record is a must.  It guarantees that the condominium project is delivered on time, has topnotch quality and set in a strategic location – three factors that will ensure your condo can fetch a good price in the secondary and rental market.

Founded in 1972, Federal Land has since developed over 55 large-scale projects that redefined the key areas of Metro Manila, Cavite and Cebu.  Federal Land is best known for its many iconic developments GT Tower International in Makati, Marco Polo Residences in Cebu, Grand Hyatt Manila in Bonifacio Global City, and the upcoming Norman Foster luxury condo The Estate Makati.

Metro Park is a master-planned community

Blue Bay Walk at Metro Park

The Metro Park community is a sprawling 36-hectare master-planned community in the business district of Bay Area, Pasay. Metro Park is a modern and vibrant community home to deluxe resort residences of Bay Garden Club and Residences, Six Senses Residences, Palm Beach Villas, Palm Beach West, and Mi Casa; stylish shopping centers of Blue Bay Walk, and Met Live; PEZA-accredited office towers iMet BPO; spacious event centers of Le Pavillon and Le Parc; elite Nursing school Manila Tytana Colleges; and a pet-friendly park – all set within the emerging Entertainment City.

With a workplace, mall, school, and park just a stone’s throw away, a balanced live-work-play lifestyle awaits residents looking to live the good life.

 

Bay Area is near business districts, university belt

The South Luzon Expressway and The Metro Manila Skyway

Though located on the western coast, the Bay Area can easily access the important places of the Metro Manila.  Bay Area is near the central business districts of Makati, Ortigas, and Bonifacio Global City.  The universities along Taft and España Avenues are also just a short drive away; while the theaters at Cultural Center of the Philippines and amusement rides of Star City are within Pasay City.

Travel to and fro Bay Area is also convenient with numerous roads and skyways connecting the area to the rest of Metro Manila.  There is the Metro Manila Skyway System, Manila–Cavite Expressway or Coastal Road, C5 South Link Expressway, NAIA Expressway, Macapagal Boulevard, and more.  Bay Area is also near the Ninoy Aquino International Airport and Port of Manila, providing more convenient transportation between the other destinations in the country.

 

Investment has high returns

Mi Casa at Metro Park

Colliers International Philippines foresees that the Bay Area will be among the most in demand and expensive condominiums for sale that will go beyond PHP300,000 (USD 5,700) per sq. meter.  The high demand and the soaring price are due to the influx of Chinese expatriates working in the Philippine Offshore Gaming Operations (POGO).  Another reason is the rise of Bay Area as the entertainment capital of the country that houses four major casino resorts: Solaire Resort and Casino; City of Dreams Manila; Okada Manila; and Resorts World Bayshore.

Looking at some of the residences in Metro Park such Bay Garden Club and Residences and Palm Beach West, the prices per square meter has risen exponentially over the years.  In 2017, Palm Beach West is worth around Php 212,000 per square meters; which rose to Php 312,000 per square meter in 2019.  That is a 47% increase in just two years.

“The best thing about investing in a Federal Land condo is its quality.  I know I can resell or lease at high market value because its value is justified.  The community is in a great location, the amenities are well-planned, and the unit itself spacious and wonderful,” shares one of the Federal Land condo investors.

Mi Casa at Metro Park

To learn more about Metro Park, visit the website at www.federalland.ph or visit the Mi Casa Showroom and Palm Beach West Showroom located at Metro Park, Bay Area, Pasay City.

 

To ensure the comfort and safety of its residents, Federal Land Inc. incorporated a sophisticated damper system to withstand earthquakes in its Japanese-inspired condominium complex The Seasons Residences in North Bonifacio Global City, Taguig.

Developed by Nippon Steel Engineering Group, Viscoelastic Coupler Damping (VCD) System is an economic high-performing damping system optimized for reinforced concrete buildings. VCD absorbs vibrations caused by earthquakes as well as strong winds during typhoons, making the structure steadier and safer.

Federal Land Executive Vice President for Business Management Catherine Ko said in a briefing last April 27, 2019, shared that their decision to use VCD adds value to their new development, The Seasons Residences. The first tower, Haru, is expected to open by 2023.

“Because we work with our Japanese partners and everybody knows that Japanese technology protects people [and] their buildings against natural disasters…we want to bring that to the Philippines through our building as well,” she said.

The Seasons Residences is a Federal Land mixed-used development in partnership with two of Japan’s top firms Nomura Real Estate Development and Isetan Mitsukoshi Holdings Ltd. It channels the Japanese tradition of excellence, innovation, and style. The project will also feature the very first Mitsukoshi Mall in the Philippines to offer a uniquely Japanese mall experience.
Federal Land considered the fault systems of West and East Valley Faults, as well as the Philippine Fault System and Manila Trench when designing The Seasons Residences.

“You design the building in such a way that it will be able to resist that peak ground acceleration,” said Raul Manlapig, managing director of design and engineering firm Ove Arup & Partners Hong Kong Ltd.

Manlapig said that damping systems like VCD help dissipate an earthquake’s energy to minimize possible damage to a tall building. Occupants of high-rises built with damping technology will also not be as dizzy as those in buildings that do not have it.

Prior to The Seasons Residences project, Federal Land also incorporated VCD for the luxury hotel Grand Hyatt Manila.

VCD was also used in some of the tallest structures in Asia such as the Tokyo Skytree in Japan, Taipei 101 in Taiwan, Jing Mao Building in China, Cheung Kong Centre in Hong Kong, National Museum of Natural History’s Tree of Life in the Philippines; and the world’s longest suspension bridge Akashi Kaikyō Bridge in Japan.

The dream of owning a big house with a large lot in the quiet part of the city has shifted to living in condominiums conveniently close to business centers and main hubs. While the condo life is often associated with independence, convenience, and excitement, many would-be homebuyers are skeptical of condominiums.  Chief of their concerns is the myth of the 50-year rule of a condominium building lifespan and stakes in the condominium corporation.

Here we will answer a few important questions to allay concerns.

How long is the lifespan of a condominium building?

Though the lifespan of condominium buildings is not specified, the section 8C of Republic Act 4726 The Condominium Act provides three factors that would deem a condo uninhabitable:

“That project has been in existence in excess of 50 years; that it is obsolete and uneconomic, and that condominium owners holding in aggregate more than fifty percent interest in the common areas are opposed to repair or restoration or remodeling or modernizing of the project.”

A careful reading shows that the 50-year rule is not necessarily true to all developments.  It is on a case-by-case basis where all three provisions should be met in order to declare a condominium building uninhabitable. That the building is:

  1. over 50 years old;
  2. obsolete and uneconomic; and
  3. the unit owners holding in aggregate more than fifty percent interest do not agree to repair or modernize the building.

Hence, although a condominium building is over 50 years old, it does not automatically become obsolete and uneconomic if it passes the building inspections and certifications. Most of the new condominium projects today are designed and built with modern techniques and durable materials to endure the ordinary wear and tear of everyday use.   Modern condos will likely remain in good shape even after 50 years. Moreover, if the majority of the homeowners believe they the building structure is safe, sound, and will only need some modern renovation, demolition would be unnecessary.

On the other hand, if an older condo has monthly maintenance fees, recurring repairs and realty tax that exceeds the monthly rental of a comparable unit in another property, the homeowners can decide and declare that the building is obsolete, uneconomic, and uninhabitable.

Build in the 70s, the Soler Tower, Tytana Plaza and Mandarin Mansion of Federal Land, Inc. are still in good shape and stands near the thriving Chinatown of Binondo, Manila.

What happens when the condominium is declared uninhabitable?

The condominium corporation will convene to make a decision.  The unit owners will vote on what they could do with the building and the land. There are usually two options, they can:

  1. sell the land and divide the proceeds among themselves;
  2. strike a deal with the original developer or another to build a new condominium on their land.

What is a condominium corporation? 

Similar to a homeowner’s association in subdivisions, a condominium corporation is a legal entity that represents the interests of condominium unit owners in accordance with the Condominium Act.  Condo corporation holds the title to the land, common areas and other interests, as such it is responsible for the management and maintenance of the common areas and its other obligations. Members or shareholders of the condo corporation are the unit owners who automatically become members upon purchase of their unit.

Like other corporations, all issues in a condominium are decided through the votes of the shareholders or unit owners.  Every decision, be it a simple plan of repainting of the façade or a major agenda of selling the land, must be decided by votes. The rule of the majority, or the option with most votes, wins.

What is your stake in the condominium corporation?

As a condominium unit owner, you are automatically a member of the corporation and co-owner of the condominium, its lands, and other interests.  Your stake will be equivalent to the size and price of the unit or units you own.

For instance, you own a three-bedroom unit of 88 square meters in size.  Your stake and voting power will be higher than the owner of a studio unit of 25 square meters.  If ever the land of the condominium is sold, you will have a bigger portion of the profit.

Is a condominium unit a good investment?

Yes.

While some may argue that the definite lifespan and ownership of house and lot is a more favorable investment compared to the finite lifespan and ownership of a condominium building, there are other factors that should also be taken into consideration.   The major selling point of condominiums is their proximity to important places such as schools, business district, hospitals, malls, and major highways.  If you, as a homebuyer, wishes to cut commute time, then a condominium unit near your office will be more beneficial to you than a house and lot in the fringes of Metro Manila.   Moreover, a condominium unit is more financially attainable than a house and lot in a central location.

As an investor, buying a condominium to rent out or resell is also a sound investment.  Its strategic location will ensure you have a steady market of students, young professionals, and small families. You can make money from start to finish of the building’s lifetime.  And even if the condominium is demolished or sold after 50 years, you as a shareholder will profit from the sale of the land.

Buying a condominium for sale may seem trickier than buying a house and lot.  However, remember that condominiums are not so different from houses.  While units in a condo community are governed by a condo corporation, houses in a subdivision are governed with a homeowner’s association (HOA).  Houses are also susceptible to the damages of everyday wear and tear and natural calamities same as condominium buildings.

So if the 50-year rule is the only thing holding you back from living in your dream condominium, then rest assured that your apprehensions have a low chance of becoming real but potential returns have a high chance of becoming true!

With over 47 years of solid experience, Federal Land, Inc. builds properties anchored on the values of trust, reliability, and integrity.  In every project, Federal Land ensures to collaborate with the best architects and engineers who can best utilize sophisticated technology and reliable materials to create unique projects that stand the test of time.

Federal Land is best known for the iconic GT Tower International in Makati and the luxurious Grand Hyatt Manila in North Bonifacio Global City among others. Other projects are the Hawaiian-inspired Mi Casa and resort community Palm Beach West in Bay Area, Pasay City; the spacious One Wilson Square in Greenhills, San Juan; kid-friendly garden community Peninsula Garden Midtown Homes in Paco, Manila; feng shui-infused Four Seasons Riviera in Binondo, Manila; the quietly elegant Valencia Hills in New Manila, Quezon City; the hip and modern Quantum Residences within Manila’s university belt; luxury hotel-branded residences Marco Polo Residences in Cebu; and the Japanese-inspired The Seasons Residences in BGC, Taguig.