Park Avenue, Madison Park West, Central Park West, Times Square West, Park West, Grand Hyatt Manila, Grand Hyatt Manila Residences and The Seasons Residences are the exclusive contemporary residences rising in Grand Central Park that capture the essence and spark of New York City.

With the World Bank GDP growth projection of 6.4% and new pro-growth economic policies, the Philippines is poised to sustain its economic rise. The various infrastructure projects of the government and the private sectors hail optimism to both local and foreign investors across all segments, but especially for the real estate industry. In fact, Asia Property HQ tags the country as “one of the best locations for real estate investments in Southeast Asia”.

Zoning in on the residential landscape, Colliers International Philippines projects 15,100 new units to be introduced in 2019. While this figure is poised to increase, vacancy rates have seen a downturn at 11% for the coming period, indicating how the strong demand outweighs the supply available in the market.

This movement has influenced property prices to soar as well. Global Property Guide reported in 2017 “the average price for a 3-bedroom condominium increased by 4.3%” in Fort Bonifacio. Opportune is the word for the current scenario as property consultancies continue to report strong sales in luxury residential, and the urgency to snap up pre-sale properties as availability becomes null.


The Seasons Residences is a Federal Land Inc. project in partnership with Japan’s leading firms, Nomura Real Estate Development Co., Ltd. and Isetan Mitsukoshi Holdings, Ltd. The Seasons Residences will also feature the Philippines’ first Mitsukoshi Mall at podium level.

Prime real estate developer Federal Land Inc. is on top of this trend. In 2012, Federal Land introduced Grand Central Park, a 10-hectare master-planned community patterned after the dynamic New York City. Strategically located at North Bonifacio Global City (BGC), Taguig, Grand Central Park is home to multiple star projects such as the world-renowned Grand Hyatt Manila; two towers of luxury residences Grand Hyatt Manila Residences; the Japanese-themed community The Seasons Residences; the flagship store of Japan’s oldest surviving department store chain, Mitsukoshi Mall; and the upscale residential towers Park West, Park Avenue, Times Square West, Central Park West, and Madison Park West.

The mixed-use community is a confluence of international partnership and investment with brands well-known abroad. Grand Hyatt Manila Residences is a joint venture between Federal Land and ORIX Corporation of Japan, through North Bonifacio Landmark Realty and Development Corporation to bring in the Chicago-based Hyatt brand. To bring in Japanese ingenuity and lifestyle, Federal Land partnered with two of Japan’s leading firms, Nomura Real Estate Development Co., Ltd., and Isetan Mitsukoshi Holdings, Ltd. to develop The Seasons Residences and the Philippines’ first Mitsukoshi Mall.


A Grand Hyatt Manila Residences unit is adorned with white marble finishes, timber flooring, exotic wood textures, high ceilings, and top-of-the-line fixtures.

While most properties within the city are currently of re-selling status, Grand Central Park offers increasingly scarce additions to the pre-sale condominium pool. Only November last year, it saw launches for two of its world-class high-rises: Grand Hyatt Manila Residences – South Tower, and The Seasons Residences’ first tower called Haru.

Grand Hyatt Manila Residences – South Tower will be ready by 2023, and The Seasons Residences is set to be completed by 2027. Until then, the anticipation continues to build for property hunters and aficionados.

To know more about Grand Hyatt Manila Residences and The Seasons Residences, visit the website at www.federalland.ph or visit The Seasons Residences showroom at 7th Ave. corner 34th St., Grand Central Park, North BGC Taguig City.


The Grand Hyatt Manila and the two Grand Hyatt Manila Residences are beacons that marks the transformation of the North Bonifacio Global City only a community with the Grand Hyatt mark can deliver.

# # #

About Federal Land, Inc.
A prime real estate developer, Federal Land, Inc. is a member of GT Capital Holdings. With 47 years of experience in reshaping the skyline and with its commitment to invest in the country, Federal Land, Inc. creates properties built on trust, reliability, and integrity through its masterbrands, Federal Land and Horizon Land.

Known for its sky-high towers, luxury shopping, and a large expat community, Dubai is a thriving global city rising within the Arabian Desert. It is no wonder why Dubai is a leading destination of Overseas Filipino Workers (OFWs). With almost 450,000 Filipinos living and working in Dubai, you will surely find “kabayan” nurses and doctors in every hospital and clinic; teachers in international and Filipino schools; architects, engineers, labors in every construction site; accountants, managers, and clerks in every company; sales personnel in every shop; chefs and waiters in restaurants; singers and chambermaids in hotels; and fashion designers, artists, web designers, animators in various freelance businesses. Hence with their diligence and competence, Filipinos in Dubai and other emirates in UAE remitted a total of $1.5 billion or (DH5.5 billion) to support their families back home.

This sunny situation makes Filipinos in Dubai more optimistic with their careers and future. In a 2018 survey of 2,000 Filipino expatriates in UAE, eight out of ten said they are ready to invest in real estate. Many OFWs plans to buy a condominium, house or villa as a retirement nest egg or as a passive supplementary income for their dependents.


A Palm Beach West condo unit can be rented out to young professionals working in the Bay Area Central Business District or resold to a family that is upgrading to condominium living.

Opportune Time for Investments

With numerous infrastructure investments from the government and the private sector, the World Bank sees the Philippines continue to be the fastest-growing economy in Southeast Asia. Moreover, organizations such as US News and Asia Property HQ also named the Philippines as the best country to invest in the region.

Though the house and condominium prices in the Philippines is rising, the Philippine peso is still weak against the US dollar, boosting the Filipino expatriate’s United Arab Emirates Dirham (AED) purchasing power in the Philippine market.

Properties in central business districts such as Makati, Bonifacio Global City (BGC) and Bay Area command highest prices due to its high demands and subsequent high returns. In a recent report, global real estate organization Colliers International Philippines sees the capital value to continue increasing with an average price of a prime three-bedroom unit in the secondary market ranging between PHP131,000 and PHP329,000 per sq. meter, increasing between 5% to 6.5%.

Colliers also sees rental yield to grow as developers pop up new supply. At the same time, demand in the secondary market will be sustained by a mix of demand from foreign and local professionals. Thus buying a home to rent out or resell is very attractive.


A Quantum Residences condo unit can be converted into a dormitory to cater to students studying in the university belt or to young professionals working in Makati Central Business District.

Property Recommendations

For first time investors, it would be prudent to start with a moderate risk investment that has potential for high returns. Condominiums on the fringes of Makati, Pasay and Quezon City have a lower capital but relatively high demand from young professionals working on the central business district and mid-income families that are upgrading to condominium living.

Condominiums near leading universities are also good investment opportunities to rent to college students coming from various parts of the country. Condominiums in Marikina can be advantageous for its proximity to the University of the Philippines – Diliman, Ateneo de Manila University and Miriam College.

Properties in Cavite should entice families from Southern Luzon, especially with the completion of the road and train projects that will connect the south to the center.


A Florida Sun Estate house and lot property can be rented out or resold to a family who want to raise children away from the hustle and bustle of Metro Manila.

*
For Filipinos in the Middle East who want to know more and interested invest in various Federal Land projects, visit our property page or join us in the Philippine Property and Investment Exhibition on April 26-27, 2019 at Marriott Deira, Dubai, United Arab Emirates.