When you look at the list of wealthiest men in the country, you will notice that most of them made their fortune, or have interests, in real estate. Passive income, value appreciation, great returns, tax benefits – these are just a few of the reasons why investing in real estate is a good choice. Now the question is, “How do I get into this?”

Like in any other investment, it is best to exercise due diligence before cutting a check in the millions of pesos. Here are a few things you should know before you start spending your hard earned money on real estate.

The Right Location
When it comes to properties, the reason why you hear everyone talk about “location, location, location” is because it is a tried and tested rule. Location, more often than not, determines how much rent you can charge, what kind of renters you will have, and if the rent agreements in the location is seasonal, short-term or long-term.

If you are on the hunt for a profitable rental condo, look for a neighborhood near business hubs, good schools, public transportation, shopping centers, and other establishments. Condominiums with plenty of amenities also make your rental condo appealing to prospective tenants.

The Potential to Appreciate
Most properties appreciate a little bit over time. As an investor, you should be looking for a property that increases in value more than the rest. Choose the areas with high property value appreciation rate such as Makati, Bonifacio Global City, Ortigas Center, and Bay Area in Pasay. Industry experts also recommend investing in the fringe areas of established business districts.

Another thing to consider is the appreciation potential you can get from dressing up your condo. How much more can you charge for rent after repainting the walls, versus leasing it out as-is? How much will your condo be worth once you add a furniture or even another bedroom? You stand to earn more on your initial investment if you’re willing to upgrade your condo after you buy it.

A Safe Margin
A sound financial strategy on your real estate investment is a must prior to purchase. You will need to factor in the cost to maintain the property versus expected profits. Maintenance costs will include your monthly amortization, association dues, property taxes, insurance, and general upkeep.

While working on the numbers, consider setting aside at least 1% of the property value annually for maintenance costs and at least 2% for annual real estate tax. Set a goal of at least 10% return on investment.

Low Maintenance
Go for low maintenance investments. With several home flipping shows on TV, it is tempting to just buy a fixer-upper unit and go the DIY route. Unless you are an expert at large-scale home improvements though, this journey might cause you to spend too much on renovation and put your cash flow in the red. It would be better to purchase a condo that has a competitive price tag and needs only a paint job and few decors.

Similarly, short-term rentals, such as student dormitories and vacation rentals, may not be as attractive an investment. Because of the high turnover of short term rentals, you will need to spend more on maintenance to keep the rental usable and profitable. If you prefer a steady occupancy, low- maintenance condos in good locations are the ones that attract stable long-term renters.

Taking inspiration from the beauty of the islands of Hawaii, Mi Casa is your tropical-inspired residence in Bay Area, Pasay with amenities that will make your day vibrant and relaxing at the same time.

With the rising demand for condominiums for rent in the Philippines, renting out a condo is a good source of additional income. As with any other investment, a rental condo will not give you immediate big returns. Keep your expectations realistic and stick to the basics when starting out. Over time, your rental condo will prove to be a rewarding investment.

Looking for your next investment? Check out Federal Land, Inc. condominiums in the Bay Area and Ortigas.


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.


Real estate can be a lucrative investment that presents opportunities to gain a steady stream of income. According to Colliers, Metro Manila is one of the most attractive real estate hotspots in Southeast Asia due to the high rental yield and strong demand for condominiums for rent.

While it is an appealing business venture, renting a condo is more than just advertising a lease and collecting rent every month. To be a successful landlord, you need to constantly learn and adapt. For first-time landlords, here are a few tips to get you started.

Know the rules
The very first thing you should consider is how freely you can rent out your condo. Some condominium communities will have no qualms about a bed and breakfast rental in their midst, while some communities can vet the lessees. Aside from the boundaries, you should also know the rules and regulations of the Homeowners’ Association (HOA) so you can lay it out to your tenants.

Target the right market
Will you be leasing your condo to families with small children, or to young professionals starting their careers? Before you decide on the price and the furnishing of your rental condo, identify your market first.

The location of your condo can help you define your target market. If your condo is within the university belt, then students and university employees are practically a captive market. If your condo is in a business district, you can offer your rental condo to young professionals, business executives, or expats working nearby.


Ask the right price
Like in any business, pricing should be on point. Ask too low, you lose money. Ask too high, you lose potential tenants. You want a price that will attract tenants and ensure a good profit.

There are several considerations to make in pricing your rental condo. First, consider the prices of similar units in your area, so you know what you will be up against. Whether you can match their rate will be based on how much you furnish your unit, your repair fund, and the fees of a property manager if you choose to hire one.

Spruce up your unit
Before you advertise your condo unit for rent, make sure it is in tiptop shape and more than livable. Check if all windows open and close properly, faucets don’t leak, and electrical wirings are safe. Then decide if you want to furnish your rental unit or offer it bare. Generally, unfurnished units are more affordable and get leased out quicker compared to more expensive furnished units. So depending on your target market, you can keep your unit sparse or fully furnished. For instance, if you are renting out to a small family, they may prefer to furnish the condo themselves. If you are renting out to students, however, you can provide bunk beds, study tables, and built-in closets to make your condo conducive to living and studying.


Advertise online
An eye-catching listing will attract the right client and help you stand out from other rental properties online. Post photos that highlight the best features of your unit and the amenities. Write an informative description that includes the unit features, list of amenities, and the nearby establishments.

Screen tenants
As a landlord, you take the risk of a tenant messing up your unit, disregarding HOA rules, and missing monthly payments. To avoid stress, choose a tenant that is responsible and tidy. Create a checklist of all the qualities you want in a tenant and use it as a guide when meeting with potential renters.

Ideally, conduct a thorough background check on all potential tenants. Ask for IDs and call the previous landlord to probe how he/she is as a tenant.

Write the contract
Before you rent out your unit, you will need to prepare an official lease agreement. Your lease agreement should clearly define the duration of the lease, the terms of the monthly rent and initial deposit, and the responsibilities of both landlord and lessee. The contract should also plainly state all your house rules and reasons for eviction or pre-termination.

Depending on your condominium administrators, you might need to secure a permit prior to renting out your condo. Attach the leasing permit to your contract, together with the Proof of Ownership, the Official Receipt and Tax Registration, and a list of inclusions as an annex.


Build a network
When your tenant calls you about a leaky faucet or burnt-out light bulb, you should have a handyman lined up to do repairs. Unless you are willing and capable to handle the maintenance yourself, it helps to have a network of trusty plumbers, electricians, and repairmen you can turn to when the need arises.

Manage the finances
You might want to open a bank account solely for your rental business. This will help you see how the cash flow is going, especially the income and the expenses. For instance, the two- month advance and security deposit you required may cover the unpaid rent and the repair damage. Once the tenant vacates your condo, you will have to return the deposit less damages incurred.

Nurture a healthy landlord-tenant relationship
Since you are practically letting a stranger into your property, establishing trust is important. As a landlord, you must reach out to build a healthy landlord-tenant relationship. Respect each other’s time and learn to compromise every now and then. Mutual respect and professionalism are the keys to smooth tenant relations.

Undoubtedly, renting a condo is a great additional source of additional income. With the rising demand for condominiums for rent in the Philippines, anyone can be a landlord. Like any business endeavor, however, leasing out your property requires a whole lot of planning and commitment. Take precautions when starting as a landlord. Over time, your condo rental will prove to be a rewarding investment.

Want to invest in a condo for rent? Check out Federal Land condos in the Bay Area and in Ortigas.

Photo from Colliers

In recent years, the Philippines has become one of the hotspots for real estate investors in Southeast Asia. The growing economy and increasing middle class have made the country very attractive to both local and foreign investors.

This 2020, Colliers International Philippines is seeing a sustained property market over the next two years, but advises investors to recalibrate plans to adapt to the constantly evolving property landscape in the country.

“Overall, we see the Philippine economy’s upward growth trajectory being sustained by massive public infrastructure spending. The government spending-backed economic growth should further stoke the property sector,“  the real estate consultancy firm said in its report Outlook for 2020: Landlords and tenants recalibrate amid a constantly evolving property landscape.

OFFICE PROPERTY MARKET

Colliers believes that the office property market demand drivers will remain diverse in 2020. Colliers has observed that the demand base started to diversify in the fourth quarter of 2016 and is expected to continue over the next twelve months. Traditional firms, business process outsourcing (BPO), knowledge process outsourcing (KPO) firms and POGOs are likely to dominate Metro Manila office space take-up in 2020.

Photo from Colliers

Meanwhile, Colliers sees several headwinds that might limit the office property market growth in the next three years. These include the lingering concerns on the sustainability of POGO firms, the uncertainty of the government’s tax reforms, and a lower Gross Domestic Product (GDP) growth projection. Multilateral lending firms such as the Asian Development Bank (ADB) are now projecting a 6.0% growth versus 6.2% of last year. A slower economy may slow down the expansion of traditional and non-outsourcing businesses. While the delayed approval of the Comprehensive Tax Reform Program which intends to reduce tax perks for foreign investors has compelled several outsourcing firms to take a wait-and-see stance.

 

RESIDENTIAL PROPERTY MARKET

Co-living residential projects within and on the fringe areas of central business districts will remain popular among young professionals who want to live near their workplace but cannot afford to buy or lease out condominium units within major CBDs. In 2020, Colliers sees developers continuously exploring opportunities in co-living projects, cashing in on the demand brought by the worsening traffic crisis in Metro Manila.

In terms of pre-selling condominium projects, Colliers sees sustained demand from investors and local and foreign employees. Colliers projects the delivery of about 15,610 units, outpacing the 10,700 units delivered from 2016 to 2018, a period that benefited from the trickle-down impact of offshore gaming demand.

Colliers also sees more joint venture projects between local real estate developers and their ASEAN counterparts in 2020. Joint venture projects with foreign firms are among the more expensive in the market, but take-up is strong. Colliers sees these partnerships thriving as foreign companies are enticed by sustained yields.

Photo from Colliers

“Metro Manila’s condominium stock should expand to 152,000 units by the end of 2021, a 28% rise from about 118,900 in 2018. Colliers sees Fort Bonifacio and the Bay Area covering more than 80% of new supply from 2019 to 2021. In our opinion, the pace of residential completion continues to move in step with the expansion of business activities in these business districts,” the property consultancy firm explained.

RETAIL PROPERTY MARKET

“We expect the completion of about 310,000 sq. meters of new retail space in 2020. Due to the substantial new supply, we see vacancy rising to about 12% with lease rates rising at a slower pace of 1.0% from 1.3% in 2019. In our opinion, mall operators should continue to implement innovative leasing strategies and attract interesting tenants to fill the substantial amount of new retail space,” Colliers said.

Photo from Colliers

Vacancy should decline back to about 11% by the end of 2021 given the take-up from new tenants and a slightly muted retail space completion metro-wide. Colliers believes that retail space absorption over the next 12 to 24 months should be supported by the completion of office and residential towers near malls located within major townships across Metro Manila. Aside from sustained demand from local consumers, retail sales should also be buoyed by the continued expansion of offshore gaming firms in Metro Manila.

“Colliers believes that a major opportunity for Metro Manila mall developers is the housing of flexible workspaces. Colliers has observed that flexible workspace operators are continuously looking for space across Metro Manila. But with office vacancies hovering between 0.5% and 1.0% in prime locations such as Makati CBD and the Bay Area, these operators have been scrambling to find suitable space,” Colliers added.

HOSPITALITY PROPERTY MARKET

Colliers projects a 70% occupancy from 2020 to 2022 due to the rising number of foreign tourist arrivals.  The continued rise of foreign tourists should sustain occupancy despite the expected delivery of about 3,300 hotel rooms. A key contributor to hospitality growth in the country is the rising number of Chinese tourists. While total foreign arrivals are growing by 10% per year from 2016 to 2018, Chinese tourists increased by about 37% per year during the same period.

“Over the next twelve months, we still see Chinese tourists driving the hospitality sector and contributing to higher hotel occupancy and spending in Metro Manila and other key destinations across the country,” Colliers said.

Photo from Colliers

The Grand Midori Ortigas

This 2020, top real estate developer Federal Land, Inc. is slated to launch several condominium projects in Metro Manila.  Set in key areas such as Bay Area, Fort Bonifacio, and Manila, these condominium projects’ value is projected to surge even further in the coming years.

Federal Land also offers condominium units for sale in Quezon City and Ortigas CBD. For pre-selling reservations, email invest@federalland.ph or visit www.federalland.ph.

 

(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.

As it is one of the most important central business districts in the country, the Bay Area is bustling with real estate projects: it’s become the well-known site of SM Mall of Asia, the Solaire Resort and Casino; City of Dreams Manila, Okada Manila, and Metro Park.  With foreign investors boosting its growth, the Bay Area is set to overtake Makati CBD by 2021.

If you’re looking into owning a condo in the Bay Area but still aren’t convinced that condo living is for you, take a look at the advantages of living in a Bay Area condo:

The Central Business Park

If you work in the Bay Area, then buying a condo for sale near your workplace saves you from a long commute. A shorter commute means more time for yourself and your family, and condo living ensures that convoluted traffic won’t be a problem ever again!  Federal Land condominiums, such as Mi Casa, are located within the Central Business Park island of Bay Area.

The Entertainment City

On the western side of Roxas Boulevard lies Entertainment City, the Philippine version of the Las Vegas Strip.  Entertainment City boasts four mega-casino resorts with high-stakes tables, a vibrant nightlife, and big-name Broadway plays.

A Foodie’s Paradise

From gourmet food to seaside markets, the bay has a lot to offer to food enthusiasts: there’s Dampa, along the seaside of Macapagal Avenue, where you can buy fresh seafood and have it cooked at nearby restaurants; Sofitel manila offers Spiral, a grand buffet with 21 dining ateliers; a yacht cruise dinner; and a diner with singing cooks and waiters!

Road Accessibility

Mi Casa is between Macapagal and Roxas, the two most traveled boulevards in Pasay City. These boulevards seamlessly connect Mi Casa to other spots in Metro Manila, including the Makati Central Business District, Manila’s University Belt, Ninoy Aquino International Airport, and the upcoming Sangley Airport.

Convenience and Comfort

New condos like Mi Casa have various retail stores on the ground level of the building. If you want a quick snack or a new haircut, head down to the commercial level to find the shop you need!

Safety and Security

For those who prioritize home safety and security, living in a condo is something to consider. Condominiums have secured entry and exit points, CCTV cameras at all common areas, and 24/7 roaming security guards. Some condos also use key cards instead of keys, restricting elevator access to residential floors and ensure the privacy and safety of the residents and their homes.

Resort Amenities

Condo living makes amenities like the pool and gym more affordable and more accessible to most city folk. Why break the bank building a backyard pool or indoor gym when you could buy a condo that comes with one?

Newer condominiums in the Bay Area even have other amenities that complement the stunning Manila Bay sunset. Residents can enjoy lounge pools, the wet play area, the kids’ playground, and alfresco dining. Indoor amenities also include a fitness gym and meeting and function rooms.

Investment Potential

Condos are also a great investment opportunity – they’re easy to purchase and appreciate rapidly. Should you move to another city, you can resell or rent out your unit.

Real estate agency Colliers International Philippines notes that the Bay Area condominiums are among the most sought after and expensive – even going beyond PHP300,000 per square meter.  The demand stems from the influx of Chinese expatriates working in the Philippine Offshore Gaming Operations (POGO) and the city’s rise as Entertainment City.

So, are you ready to pick your condo?

Prime real estate developer Federal Land, Inc. has several condominiums available for pre-selling and ready for occupancy in the Bay Area, Pasay City.  Its master-planned integrated community called Metro Park is home to several premier and luxury condominium properties such as the Bay Garden Club and Residences, Palm Beach West, Palm Beach Villas, Six Senses Residences, and its latest development, Mi Casa.

Mi Casa is a vibrant vertical residence reminiscent of Hawaii’s reinvigorating aesthetic of open sea and air.   With its sparkling water features, resort-like amenities, and island aesthetics, Mi Casa takes you to experience Hawaii’s reinvigorating sense of open sea and air.

It’s also a stone’s throw away to the world-class casino-resorts, upscale malls, event centers, and the offices of the Bay Area Business District. You need only walk to get to work, the grocery, or fine dining restaurants.

For more updates, check out the Mi Casa Showroom and Information Center at Metro Park, Bay Area, Pasay City or visit the website at www.federalland.ph.

8 Things That Make Cebu Special

Considered as the oldest city in the Philippines, Cebu is the center of trade, commerce, and tourism in the Visayas.  With ancient Spanish forts, incredible marine parks, mouthwatering food, and thriving business parks, there are a lot to experiences to be had in Cebu – both for business and pleasure.

Here are eight good reasons why Cebu is one of the best places to visit in the Philippines.

World Class Beaches

Bantayan Island | Image via Flickr

Cebu attracts millions of tourists every year for many reasons, but the major pull is its pristine beaches.  With over 167 islands in and around Cebu, holidaymakers will enjoy island hopping and beach bumming in dazzling white sand beaches surrounded by crystal blue water.  A trip to Cebu would not be complete without visiting the stunning beaches of Sumilon, Malapascua, and Bantayan Island.

Cebu is also famous for its diverse marine life and otherworldly coral reefs.  Divers flock Pescador Island, Moalboal for the sardine run and turtle point, followed by a trip to Oslob to swim with whale sharks.

 

A Gastronomical Adventure

Cebu’s Lechon | Image via lloyd and behold

If a gastronomical adventure is what you are looking for, then Cebu has several exotic dishes and unique specialties to offer you.  The most popular food is lechon, a whole pig slowly roasted over glowing coals.  It was dubbed by celebrity chef Anthony Bourdain as “the best pig ever.”

Interested in street food? Tour the local market of Colon, Carbon, and Pasil to enjoy the local delicacies. Try the Ginabot (deep-fried pork intestine), Nilarang Bakasi (eel stew); and Tuslob Buwa (pork brains).  For anything grilled, visit the barbecue square Larsian at Fuente Osmeña.

For scrumptious sweets to bring home to family and friends, they have the ampao (puffed rice), bukarilyo (candied coconut meat), bibingka (rice cake), otap (pastry), and dried mangoes.

What is delicious in Cebuano?

Lami. You can also say “lami kaau ang pagkaon,” which means the food is very delicious.

 

Rich History

The Cebu Heritage Monument | Photo via Wiki Media

Cebu City was the first Spanish settlement in the Philippines.  In 1521, Portuguese explorer Ferdinand Magellan arrived in Cebu to claim the archipelago for Spain.  Although the more than 300 years of Spanish rule in the Philippines eventually ended, trade, commerce, and agriculture flourished in Cebu as its population increased throughout the centuries. Among the many shrines that attest to Cebu’s storied past are the Magellan’s Cross, Colon Street, Fort San Pedro, and the Basílica Minore del Santo Niño.

 

Boundless Career Opportunities

Cebu IT Park | Photo via Pursuit of Passion

Metro Cebu is the second most established economic center after Metro Manila.  From tourism, real estate, business process outsourcing, information technology, and furniture-making, Cebu promises opportunities for anyone pursuing their dreams.

Notable business movers and shakers who hail from Cebu are Erramon Aboitiz of Aboitiz Equity Ventures, Inc. and Michael Lhuillier of M Lhuillier Group of Companies, among others.

 

Beautiful Culture

Blu Bar and Grill at Marco Polo Plaza Cebu

Cebuanos are naturally charming, easy-going, and accommodating people.  Experience their warmth and hospitality while staying at Marco Polo Plaza Cebu.  Enjoy a 360-degree view of city, sea, sky, and mountains at the rooftop restaurant Blu Bar and Grill and savor the flavors of the “Best buffet in Cebu” at Café Marco.

Nestled at an altitude of 600 feet at the prestigious Nivel Hills, Marco Polo Plaza Cebu offers panoramic views of the tropical city. Easily reachable from the Mactan International Airport by van or car, the Marco Polo Plaza Cebu is an ideal base for business, shopping or sightseeing due to its central location and personalized first-class hotel service.

 

High Literacy Rate

The University of San Carlos | Photo via USC

Some of the best educational institutions in the Visayas and Mindanao regions are found in Cebu.  The University of the Philippines Cebu is recognized by the Commission on Higher Education as a National Center of Excellence (COE) in Information Technology. The University of San Carlos is known for consistently dominating the Bar Examinations since 2016.

 

Asia’s Cradle of Christianity

The Basilica Minore Del Santo Niño | Photo via Choose Philippines

Known as “Asia’s Cradle of Christianity,” Cebu is home to Basílica Minore del Santo Niño, the first Roman Catholic church in the Philippines. Founded in 1656 by Augustinian friars, the church is built on the spot where the image of the Santo Niño de Cebú was found during the expedition of Miguel López de Legazpi.  The statuette of the Child Jesus was a gift from Ferdinand Magellan to Hara Humanay, the Queen of Cebu, upon the royal couple’s christening in 1521.  It is considered as the Philippines’ oldest Christian relic. The famed Sinulog festival is celebrated in honor of Santo Niño de Cebu.

 

Queen City of the South

Skyline of Cebu City | via Wikipedia

Hailed as the “Queen City of the South,” Cebu has massive potential in terms of economics, business, and infrastructure.  It is the main urban center at the central part of the country, attracting foreign visitors for business as well as leisure.  Within Metro Cebu are the cities of Cebu, Carcar, Danao, Lapu-Lapu, Mandaue, Naga, Talisay and the municipalities of Compostela, Consolacion, Cordova, Liloan, Minglanilla, San Fernando.  It is the seat of the province’s central business district, major educational institutions, an international airport, export processing zones, industrial companies, factories, and mining.

In love with this tropical paradise?  Federal Land, Inc.’s Marco Polo Residences has preselling and ready for occupancy condominium units for sale.  Located within the upscale Nivel Hills, Cebu City, Marco Polo Residences is the first luxury hotel-branded residence in Cebu.  Residents will enjoy hotel-living like no other with hotel a-la-carte services and more. Its proximity to the city’s business district and entertainment scene presents unit owners of the Marco Polo Residences with a perfect balance of rural serenity and modern conveniences that suit their way of life.

In photo are: Marieless R. Uy (Federal Land sales referral partner in Dubai); Chary B. Francisco (Federal Land Corporate and Digital Marketing Head); Jasmin B, Fisalbon (Federal Land Director of Sales, Stars Division); John Frederick C. Cabato (Federal Land Senior Vice President & Head of Sales and Marketing); our sales referral partners in Dubai: Honey Mae De Guzman, Mark Jayson Balaguer, Mark Emman Culapo and Jerome Barrocan.

The United Arab Emirates is reputable as a leading destination for Overseas Filipino Workers (OFWs).  With high wages and a zero income tax policy, over 800,000 OFWs in Dubai made an astounding remittance of at least $6.62 billion in 2018, according to the latest government figures.

The steady financial gains thus encouraged financial literacy and investment among the Filipino population, with real estate investment a major point of interest.  In a survey by New Perspective Media Group, 8 out of 10 Filipino expats in UAE are considering buying property in the Philippines within the next 12 months. Property tops the list of preferred investments (55%), a growingly popular alternative to putting money into a savings account, money market or insurance.  The top 3 locations preferred are Manila, Cavite, Laguna.

Introducing OFWs to an array of valuable real estate opportunities, esteemed real estate developer of 47 years Federal Land, Inc. joined the recent Philippine Property and Investment Exhibition (PPIE) at JW Marriott Deira in Dubai, United Arab Emirates. The Philippine Property and Investment Exhibition is the largest exhibition of Philippine real estate investment in the Middle East featuring the top firms of the Philippine property scene such as Federal Land, Ayala Land, SMDC, Robinsons Land, Greenfield Development, and Aboitiz Land among others.

Federal Land’s presence at the exhibition underscores its motivation to support OFWs in Dubai in their quest of looking for their dream homes and investments properties. Federal Land showcased Palm Beach West – Baler, one of four towers in the company’s sprawling 4-hectare Metro Park, a mixed-use estate in Pasay City; Florida Sun Estates – Orlando, the latest phase to join the resort-like and clustered residential development in Cavite City; Siena Towers, a two-tower high-rise residential condominium in Shoe Capital suburban, Marikina City; and Quantum Residences, a millennial-oriented condominium community located at Sen Gil J. Puyat Avenue corner Taft Avenue.

In his talk during the event, Federal Land’s Senior Vice President and Head of Sales and Marketing John Frederick Cabato urged attending OWFs to “leverage the sustained strength and growth of the Philippines’ real estate industry.”  He emphasized the value of being decisive and daring in their investment as “their decisions today would shape their future, especially when the time comes for them to head back home.”

OFWs showed high interest in Federal Land’s condominium developments, learning how they are ideal for themselves and their families with the properties’ unique design, modern amenities, and conveniences, as well as strategic locations, which encompassed proximity to universities, growth priorities by the local and national government, and ideal retirement areas.

For more info about Federal Land’s latest developments, visit www.federalland.ph.

Prime real estate developer, Federal Land, Inc., received the Philippines Brand Leadership Awards 2019 from CMO Asia and World Marketing Congress on June 7, 2019 in Makati City.

The annual Philippines Brand Leadership Awards recognizes and celebrates outstanding brands and marketers who achieved extraordinary success from innovative and effective marketing practices in the Philippines.

The awards event is organized by World Marketing Congress and supported by CMO Asia, a peer networking body that endeavors to help connect all marketers across sectors on a common platform. The event aims to foster marketing awareness in the professional community and inspire marketing excellence.

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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.