Ready-for-occupancy or RFO condominiums are units sold after the construction of the building is done and the units are ready to be turned over to residents. While a preselling condo may seem practical due to its low introductory price, purchasing an RFO condo unit has several advantages. Here are the top reasons why an RFO condominium unit is a good buy.
Ready to Live In
As the term suggests, RFO units are fully-constructed and available for turnover. Unlike preselling units, you do not have to wait for years to move into your RFO condo.
Inspecting your unit to check out its actual size, features, and even the view from the windows is possible. Some RFO units come unfurnished, allowing you to design it the way you would like, while some units have already been furnished by previous investors. The bottom line is, if you have urgent housing needs, then RFO unit is the way to go.
Oriental Garden Residences in General Trias, Cavite is a thoughtfully designed low-rise condominium that brings in the Florida lifestyle into your home.
Flexible payment options
There are great deals to have even for RFO units. Some real estate companies like Federal Land, Inc. offer flexible payment terms, one of which is a lease-to-own plan. The lease-to-own or rent-to-own plan gives the buyer the option to purchase the leased unit within a specified period. It is ideal for buyers who are looking for an easier way to deal with their amortization.
Among Federal Land’s condominium offerings with lease-to-own options include the Oriental Garden Residences in General Trias, Cavite, The Capital Towers in E. Rodriguez Ave., Quezon City, Paseo de Roces in Makati Central Business District, and Park West in North Bonifacio Global City.
Ready for Investment
RFO condo units make lucrative investments. Since you do not have to wait a few years for your unit, you can immediately rent it out to generate a steady income stream. Simply furnish it, list it online, and prepare to be a landlord.
RFO units sell at a higher price compared to preselling units. The price difference is indicative of a thriving property market that may carry over through the years. This gives you the advantage to sell your unit at a profit after some years.
Paseo De Roces in Makati Central Business District matches the vibrance of Makati City with its outstanding amenities, exclusive community, and convenient location.
Tips when buying an RFO condo
Here are a few things to consider before you commit to the purchase:
Have a substantial amount saved up to cover the down payment, transaction fees, and taxes.
Make sure you understand the terms and conditions of the contract before signing. Better yet, consult a lawyer.
Visit the area on different occasions to see if the neighborhood is right for you. Signs of a good neighborhood are its proximity to your work and points of interest, light traffic, safe surroundings, and low risks of flooding and earthquake.
Check the condominium policies and monthly dues.
Verify that the property title is “clean” with no unresolved issues or pending ownership cases.
With roads leading to Manila, San Juan and Makati, The Capital Towers in Quezon City offers a life where the avenues of your interests come together and opportunities are within reach.
For over forty-seven years, Federal Land, Inc. has been creating properties that redefine the key areas of Metro Manila, Cavite, and Cebu. It is the developer of iconic landmarks such as the GT Tower International in Makati CBD, Metro Park in Entertainment City, and Grand Hyatt Manila in North Bonifacio Global City.
Among Federal Land’s condominium properties with ready for occupancy units are One Wilson Square in Greenhills, San Juan; Paseo De Roces in Makati CBD; Florida Sun Estates in General Trias, Cavite; Peninsula Garden Midtown Homes in Paco, Manila; The Capital Towers in Quezon City; Tropicana Garden City in Marikina; and Marco Polo Residences in Cebu City.
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
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
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
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\
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
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
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
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
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
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
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.
FEDERAL LAND Inc. teamed up with Japanese financial firm ORIX Corporation to introduce Grand Hyatt Manila Residences, the first residential condominium in Southeast Asia carrying the Grand Hyatt brand.
Grand Hyatt Manila Residences is a two-tower development flanking Grand Hyatt Manila hotel — which will be part of Federal Land’s master-planned township, Grand Central Park in North Bonifacio Global City.
“Grand Hyatt Manila Residences exemplifies the brand’s signature level of grandeur,” the company said.
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.
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.
Not resting on its laurels, Federal Land continues to advance its vision of building exceptional properties through its alliance with renowned global brands.
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.
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.
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?
“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:
over 50 years old;
obsolete and uneconomic; and
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:
sell the land and divide the proceeds among themselves;
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?
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.
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.
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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.
GT Tower International, Grand Hyatt Manila and Residences, and the soon to rise, The Seasons Residences, are only a few of the most iconic towers in the Philippines that elicit the sophisticated and luxurious lifestyle that only the privileged few can enjoy. With its crown of 10-story vertical fin, the GT Tower International is one of the most iconic office towers in the Makati skyline. Currently the tallest skyscraper in the country, the Grand Hyatt Manila is a five-star luxury hotel preferred by VIPs all over the world. Considered as the first Japanese-inspired integrated community in the country – soon to rise, The Seasons Residences, presents a slice of the Japanese way of life that people emulate for their simplicity, practicality and efficiency.
These three iconic projects couldn’t have been more different, but there is one thing they have in common – they are all developed by one of the pioneers in the Philippine real estate scene – Federal Land, Incorporated.
Anchored on the values of trust, dependability, and integrity, Federal Land, now on its 47th year, is dedicated to developing properties that are faithful to the needs and aspirations of its residents, and even beyond expectations. Each project is considered a masterpiece, hence in every project, Federal Land brings in the most ingenious architects, most innovative engineers, and most reliable materials to build a safe and ideal home that is unique to the priorities of each person and designed around their life plans.
As one of the country’s prime movers in the real estate industry and builder of Filipino homes, Federal Land introduces projects that were never before seen and reinvents the standards of project planning, and harnessing its expertise in the development of global partnerships with international brands, that produced the luxurious Grand Hyatt Manila Residences; and the Japanese-inspired, The Seasons Residences.
Launched as a closing highlight to 2018, Grand Hyatt Manila Residences – South Tower in Grand Central Park, North Bonifacio Global City, is a joint venture with Orix Corporation of Japan and the Chicago-based Hyatt brand. The partnership brings to the country not only luxurious residential suites but also the legendary Grand Hyatt hospitality and service.
Grand Hyatt Manila Residences also notably won “Best Luxe Condo of the Year for Customer Service” of The Outlook 2018 by Lamudi: Philippines Buyers’ Choice Property Awards.
Federal Land also launched a $400-million development project in partnership with leading Japanese firms, Nomura Real Estate Development, and Isetan Mitsukoshi Holdings, Inc. The project envisions to create an integrated mixed use development incorporating Japanese spirit, experience, and technology. The development will have four premier residential towers, The Seasons Residences, and the country’s first Mitsukoshi Mall.
Federal Land’s commitment to develop and deliver world-class homes is not exclusive to its luxury and premier residences. Unique and with its own character, every Federal Land project has distinctive features certain to help its residents flourish and reach their full potential.
In Manila, Four Seasons Riviera in Binondo is a riverfront home with feng shui sensibilities to usher good luck into its residences. In Paco, Peninsula Garden Midtown Homes, a kid-friendly garden enclave ideal for starting families, has a heated pool for families to enjoy in the weekends. Strategically within the Manila’s university belt and near Makati CBD, Quantum Residences has a basketball court, karaoke room, business center, and other amenities to help Filipino millennial citizens achieve a healthy work-life balance.
In the Bay Area of Pasay, Federal Land proudly reclaims its status as the real estate pioneer in the Macapagal area with its sprawling Metro Park integrated community and the launch of Palm Beach West Residences. Residents of Metro Park enjoy the convenience of having an open park, a couple of malls, several office towers, and a college within its own township.
In Quezon City, Federal Land designed The Capital Towers for people in need of a home office in a highly strategic location of the central business district.
In Marikina, Federal Land’s Marquinton Residences, Tropical Garden City, and Siena Towers are built with the strongest materials and innovative engineering so these condominium towers can withstand earthquakes.
In Cebu, Federal Land developed the first branded residence, Marco Polo Residences, where residents enjoy hotel-living with the hotel a la carte services and beyond the usual amenities from the five-star Marco Polo Plaza.
The Legacy Continues
This year, Federal Land is set to rise with more landmark projects that will add prestige to the evolving skyline of the country. In the emerging Bay Area business district of Pasay, Federal Land will introduce Mi Casa, a vibrant vertical neighbourhood reminiscent of Hawaii’s reinvigorating aesthetic of open sea and air. Its first tower, Hawaii, brings in Hawaii’s modern tropical paradise streamlined for Filipino contemporary living.
In the Makati Central Business District, Federal Land partners with SM Prime Holdings to bring in the world-renowned architectural firm Foster + Partners to develop an ultra-luxury condominium project. The project, called The Estate Makati, is set to be to be the crowning jewel of the Makati skyline and is expected to put the Philippines on the map of modern architectural marvels.
These are clear testaments that we remain true to the promise of Federal Land to the Filipino people.
As what our former Group Chairman, Dr. George S.K. Ty, would say, “Federal Land started with a simple dream. The dream to build a great home for each and every person.”
# # # About Federal Land, Inc.
A prime real estate developer, Federal Land, Inc. is a member and one of GT Capital Holdings’ property arms. 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. To learn more about Federal Land, please visit: www.federalland.ph.
The prime real estate development company, Federal Land, Inc., in partnership with leading Japanese firms, Nomura Real Estate Development and Isetan Mitsukoshi Holdings, Ltd., has launched the first tower of The Seasons Residences, the first Japanese-inspired residential condominium in the Philippines.
The Seasons Residences will feature Japanese elements of functionality, safety, harmony with the environment and simplicity. It will have four residential towers, ranging from 41 to 51 floors. The first tower, Haru, will have 304 distinct Japanese homes measuring 45 square meters up to 345 square meters. Residents will also enjoy landscapes and amenities with the themes of the seasons such as wellness spas, guest house, sky garden, BBQ terrace, karaoke, game room, swimming pools, fitness gym, business centers and function halls.
The Seasons Residences will also feature Japan’s oldest and largest department store chain, Mitsukoshi in the podium level. Mitsukoshi will offer Japanese fashion, lifestyle, beauty, and food merchandise.
Rising within Federal Land’s 10-hectare Grand Central Park township in North Bonifacio Global City (BGC) in Taguig, The Seasons Residences will offer not only Japanese Zen sensibilities but also a complete community experience with the Grand Central Park community. The Grand Central Park is an exclusive eleven-hectare enclave composed of first-rate residential towers, distinguished business hubs, haute couture shopping and exciting gastronomic destinations. Strategically located in North Bonifacio Global City, Grand Central Park presents unique spaces for living, working, shopping and dining dedicated for a well-balanced lifestyle in a location where the best of Makati, Ortigas, and BGC revolve around you.
Ginza-style shopping spree is now within reach as Japan’s oldest and largest department store, Mitsukoshi comes to the Philippines. Mitsukoshi is expected to add new glamour into the Philippine retail scene with its high-end products of apparel, shoes, bags, skin care and food.
And while we wait for the North Bonifacio Global City branch, here are five facts about the upcoming Mitsukoshi Mall:
Mitsukoshi Mall is a Japanese retail giant
Founded in 17th century Tokyo as a kimono shop, Mitsukoshi is Japan’s oldest department store. It offers a first class selection of international and local merchandise within a classic Renaissance-style building. Mitsukoshi is known to travelers who frequent Japan, primarily the Ginza district. Mitsukoshi is also in Taiwan, China, Italy, and the USA.
The Portal to Flawless Japanese Skin
Want that flawless Japanese skin? Philippine Mitsukoshi beauty section will carry cosmetics and skin care products from Japan. The Supermarket will carry an array of Japanese green tea, seafood, and sweets.
Adding to the numerous ramen-yas, sushi bars, shabu shabu hot pots, tempura shops, donburi restaurants, takoyaki stalls, and kaiseki ryokans in Metro Manila is the authentic Japanese food court of Philippine Mitsukoshi. Vogue named Ginza Mitsukoshi as one of the best Japanese underground food halls so we are surely in for a treat.
Service from the Heart
Mitsukoshi is also bringing Japan’s unique brand of customer service. The staff of Philippine Mitsukoshi will be trained in Omotenashi or “service from the heart”.
Mitsukoshi Philippines Will Open in 2021
The Philippine Mitsukoshi will be part of the first Japanese-inspired condominium in the Philippines, The Seasons Residence of Federal Land Inc. in partnership with Nomura Real Estate Development and Isetan Mitsukoshi Holdings Lt. The Seasons Residences will feature Japanese elements of functionality, safety, harmony with the environment and simplicity.
Seasons Residences will have four residential towers, ranging from 41 to 51 floors. The first tower, Haru, will have 304 distinct Japanese homes measuring 45 square meters up to 345 square meters. Residents will enjoy Japanese-inspired landscapes and amenities such as wellness spas, sky garden, dry garden, BBQ terrace, karaoke, swimming pools, fitness gym, library, business centers and function halls.
Dear Valued Customer,
In compliance with Bayanihan to Recover as One Act, qualified clients are entitled to a one-time 60-day grace period for payment due dates between September 15 to December 31, 2020 with accrued interest.
The one-time grace period will start from the due date and 60 days thereafter. No penalty charges for late payment shall be imposed for the said period.
Qualified clients who wish to avail of the payment reprieve may contact Customer Service 10 days before the due dates of each amortization
at firstname.lastname@example.org with subject line [avail60_unit number_project] or call 8886-0000/0917-8271893, Mon-Fri, 8AM-5PM.
We hope you and your loved ones are safe and healthy!
Enjoy culinary dishes from Grand Hyatt Manila in the safety and comfort of your home!
A variation of delectable cuisines and confections are made available through their online ordering system. To order, visit bit.ly/DineAtHomeGHM.
Summer is almost here, and with it comes the desire to make everything in your condominium bright and airy. The sun is shining, flowers are blooming, but if the insides of your unit feel gloomy, crack open your windows and deep clean your condo.
Federal Land, Inc. is a member of GT Capital Holdings and a proud partner of the Metrobank Group. It began in Manila as Federal Homes, Inc. in 1972 but has since grown into Federal Land, Inc., a prime real estate developer in the Philippines.
For over forty-five years, Federal Land 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 masterplanned communities.
To be working for a company for years is a good indication of fruition of goals. To stay more for years makes one look forward to achieving growth and success with the help of new and seasoned employees.
Tenure: Over 6 years
Federal Land instilled in me values that made me a more resilient person despite the challenges I face as an HR practitioner.
Rina Rose Quiñones
Tenure: Over 2 years
One of the main factors that make employees stay long here at Federal Land is its good working environment.
Tenure: Over 5 years
I love what I do in my job and the people I work with.
Tenure: Over 9 years
The learnings and experiences that we have acquired here at Federal Land make us who we are today.
TENURE - Over 6 years
Rina Rose Quiñones
TENURE - Over 2 years
TENURE - Over 5 years
TENURE - Over 9 years
Efren Gonzales III
Senior Property Specialist - Affiliates Division
Working for Federal Land has been a learning ground for me since it was my first ever sales-related job experience. I improved so much on communicating and socializing with my clients through the years. I can confidently say that Federal Land played a significant role in my life since I was able to suffice not only my wants but also my family’s need.
Jennilyn Joy Abuleche
Senior Property Specialist - Stars Division
Selling at Federal Land is a great opportunity that helped me build a strong, stable and fulfilling career. Federal Land helped me achieve a better standing in life, making me capable and competitive.
Sales Manager - Metals Division
Federal Land has changed me a lot, professionally, socially and financially. I have never dreamed of being a real estate sales person. I just heard and read success stories before. But now I can proudly say that I am part of the success story, through hard work and perseverance.
federal land inc.
20th Floor GT Tower International 6813 Ayala Avenue. corner H.V. Dela Costa Street., 1227 Makati City, Philippines.
The Leasing Department: (632) 8883-6725 or (632) 8883-6728 Head Office: (632) 8883 6888
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