Bonifacio Global City—Collaboration is needed to seamlessly fuse Japanese innovation with Filipino hospitality and create a unique development that will redefine the real estate market.
The Seasons Residences in Bonifacio Global City, the Japanese-inspired condominium project by Federal Land, Inc. in partnership with Nomura Real Estate Development Co., Ltd. and Isetan Mitsukoshi Holdings Ltd., is an example of such synergy.
Through the shared expertise of the developer and its partners, the design and structure of Seasons Residences make it more than just a technical collaboration, but of cultural harmony as well.
Industry experts from design, architecture, and engineering from both Tokyo and Manila were commissioned for the project, making Seasons Residences a masterwork of collaborative design.
The master plan is designed by Nikken Sekkei, a Japanese architectural firm ranked #2 in Building Design’s 2019 World Architecture top 100 list. Established in 1900, Nikken Sekkei has completed over 20,000 projects in 40 countries and 200 cities worldwide.
Renowned for its “space creation” and “space visualization” philosophies, the company is tasked to design the commercial area to incorporate distinct Japanese spatial characteristics.
The concept behind the façade of the podium, on the other hand, is the brainchild of Torafu Architects led by up-and-coming designers, Koichi Suzuno and Shinya Kamuro. The company has established itself on a wide array of projects ranging from architectural design, interior design, exhibition space design, to product design. Working hand-in-hand with Torafu’s façade concept is Asao Tokolo, a modern master of pattern design and the artist behind the Tokyo Olympics 2020 emblem.
Working with Japanese partners are elite groups of Filipino architects and engineers.
Arch. Carmelo Casas of Casas+Architects spearheads the construction process of Seasons Residences as the project architect. Known for landmarks such as the Grand Hyatt Manila and Solaire Resort and Casino, Casas+Architects is sought after for their expertise in high-rise residential and office building design and master planning.
Damping technology against earthquakes
Since both Japan and the Philippines experience frequent earthquakes, Seasons Residences commissioned Engr. Raul Manlapig of Ove Arup & Partners Hong Kong to provide structural, wind, and seismic engineering services.
The company equips Seasons Residences with Viscoelastic Coupling Dampers (VCDs), a Japanese damping technology which absorbs wind, or quake-induced vibrations in tall buildings.
To complete the Japanese aesthetics of Seasons Residences, GF & Partners provides a Zen-inspired interior design to the amenities and common areas in collaboration with Japanese partners.
AT the heart of Japanese minimalism is the cultural concept of “Ma” or the space between things. It is about finding beauty in simplicity. It is a philosophy that the Japanese apply to all aspects of life, from the respectful pause when they bow to each other, to the quiet moments for contemplation while drinking coffee, and even to elements of design.
The use of space in Japanese residences is where this concept of efficiency is quite evident and clearly beneficial. Throughout the years, they have refined home organization into a lifestyle and an art form—creating clutter-free, relaxing, and welcoming spaces. It is no wonder that Japanese residential designs are a perfect example of smart, yet aesthetically pleasing, space usage and making the most out of compact living.
Space and storage are given the Japanese approach at The Seasons Residences, the upscale Japanese-inspired residential development that will soon rise at Bonifacio Global City (BGC). Each unit of The Seasons Residences channels Japanese discipline, design and aesthetics to maximize space.
Similar to a typical Japanese home, the units at The Seasons Residences open to a genkan, the transitional space between outdoors and indoors where visitors are welcomed and are required to take off their shoes before entering. This is a Japanese tradition that goes back to the Meiji era over a thousand years ago and has persisted to the present even with the introduction of Western influences. The Seasons Residences continues this Japanese tradition by installing a getabako or shoe cabinet at the entrance of every condominium unit. The getabako prevents footwear from cluttering up valuable space inside the unit; it minimizes dirt, mud, and grime from entering and soiling the floor.
In Japanese homes, the kitchen is considered a utilitarian space where the design focuses on functionality rather than aesthetics. It is important that every element has a purpose and a place. Following this concept, the kitchens at The Seasons Residences are equipped with practical storage solutions to minimize clutter. The built-in sink is larger than standard, so multiple tasks can be done at the same time. Each unit comes with spacious cabinets for proper storage of utensils, equipment and food. For a clutter-free kitchen, a built-in floor storage is also installed to keep heavy items like condiments, bottles, and canned goods out of sight. This is a common feature in highly traditional Japanese homes.
The innovative storage solutions at The Seasons Residences extend to the bedrooms as well. Floor-to-ceiling Japanese-style closets maximize the space in the area, giving plenty of room to breathe and interact. Going back to the philosophy of “Ma,” having negative space lets one focus, de-stress, and keep the mind free from negativity.
The ingenious storage systems, as well as the generous spaces at The Seasons Residences help residents organize, allowing them more time to reflect, relax and meditate. Embracing harmony also creates more room for relationships and meaningful interaction. Take a closer look at how we treat spaces by visiting the showroom at 7th Ave cor. 34th St., Grand Central Park, North BGC, Taguig City (across the Lexus Manila Showroom). For more information, e-mail firstname.lastname@example.org.
The Seasons Residences is a collaboration between Federal Land Inc., Nomura Real Estate Co. Ltd., and Isetan Mitsukoshi Holdings Ltd. The development’s first tower, Haru, is set for completion in 2023.
(This article first appeared on Manila Bulletin, November 12, 2019 issue)
The Philippine real estate industry continues to enjoy steady growth attributed to, among other things, a steady increase in demand in the residential condominium segment.
As the income of the middle to upper middle class grows, their taste has also become more discerning. They are now more concerned about products that are reflective of their lifestyle choices and products that provide convenience and comfort.
Real estate developer, Federal Land, Inc., recognized this shift in Remand. In one of their recent forays, they have chosen to collaborate with a property developer from Japan, Nomura Real Estate Development, Co., Ltd., whose vision for quality, value, and customer satisfaction equals their own.
Founded in 1957 in Tokyo, Nomura Real Estate Development Co., Ltd. is one of the affiliates of the Nomura Group of Companies which has a history of more than 90 years of investment banking experience. One of the more prominent members of this group is Nomura Securities, one of Japan’s largest financial institutions.
The real estate company engages in residential development, corporate real estate brokerage, commercial property development, building leasing, and architectural design businesses across Japan, and recently, in China, Vietnam, and Thailand.
Nomura has not only dedicated itself to going beyond normal design boundaries, but has continuously explored new technologies that better serves the urban landscape of its properties.
Under its quality residential brands, Proud and Ohana, Nomura has gained a reputation for quality in locations they are present in, bringing value to the environments they build.
“As a company, we look for equally strong partners in every project. We consider it an honor to bring the excellence that Nomura Real Estate is known for and to share it with the Philippines. We’re very happy to find a good partner in Federal Land Inc. so we can transform our vision of integrating all that is precious to people and communities, into reality,” said Eij’i Kutsukake, chairman of Nomura Real Estate Development Co., Ltd.
The Seasons Residences is the first project of the partnership between Federal Land, Nomura Real Estate Development Co., Ltd., and retail giant, Isetan Mitsukoshi Holdings, Co. Ltd. It is a four-tower Japanese-inspired residential development which will be home to the first Mitsukoshi Mall in the country.
It is currently under construction at Federal Land’s Grand Central Park in Bonifacio Global City.
This venture promises to offer a harmonious, innovative, and technology-led home that elevates the lifestyles of the growing population of discerning buyers.
“By combining our knowledge and enthusiasm with our high level of technical skills, we can offer the best products and services to the, partnership,” Kutsukake said.
The Seasons Residences benefits from Nomura’s expertise on design efficiency. Among other features, this translates to maximized storage spaces within the units, clean technology (where each unit wiljt have tiles that minimize excess’ humidity, unpleasant odors, and harmful substances in the air), and safety (the use of visco-elastic coupling dampers to reduce wind and earthquake vibrations).
The partnership will also be building the much-anticipated Mitsukoshi Mall at the podium of the residential towers of The Season Residences. This four-story retail development is set to provide a holistic Japanese shopping experience to Filipinos.
(This article first appeared on Business World, November 11, 2019 issue)
BGC continues to be one of Metro Manila’s most attractive investment locations. This is driven by the continued growth of the local residential market, a positive economic outlook for the Philippines, the steady emergence of a moneyed local demographic, and various ongoing and planned infrastructure projects that directly benefit the city. Colliers International reports that capital values in BGC increased by an average of 6.7% in the first quarter of 2019, it expects prices to continue to increase by an impressive annual average of 6.3% from 2019 to 2021.
One infrastructure project that is a prime catalyst In BGC’s value appreciation is the proposed Metro Manila Subway Line, which is seen to span 30 kilometers from Quezon City to Taguig, and 14 stations, two of which will be located in the north and south of BGC. The Subway is expected to be completed by 2025. Another is the construction of the BGC-Ortigas Link bridge, which will allow motorists to bypass EDSA or C5 to get to BGC from the main Ortigas CBD and vice-versa.
Demand from local high-net-worth individuals and the’ influx of foreign investors taking advantage of the country’s information technology and business process management (ITBPM) industry will continue to drive the residential sales market as well.
In its 2018 report, Jones Lang LaSalle pinpointed that these groups “typically secure the biggest and most expensive units from high-end and luxury brands to maximize the value appreciation in major markets.” This bodes well for premium developments like The Seasons Residences, which can see its market value appreciating over the next few years.
The project is the latest offering of Federal Land, Inc. in partnership with Japanese property development group Nomura Real Estate Development Co. Ltd. And Japanese retail conglomerate Isetan Mitsukoshi Holdings Ltd. Set in Federal Land’s Grand Central Park township in the northern part of Bonifacio Global City (BGC), The Seasons Residences will feature impeccable Japanese innovations meant to elevate the standards of comfort, convenience, and functionality for discerning homeowners. The integrated-use development will house four upscale residential condominiums, world-class amenities, and one of the most impressively designed malls to be built in the Philippines.
Efficiently designed resource-saving fixtures are featured in every residential unit, while the buildings boast of the most state-of-the-art security and safety technology, including a damper system that will protect the structure against earthquakes and strong winds. The development will also include world-class, Japanese-inspired amenities, including a spa, a karaoke room, a wellness room, and a Japanese garden.
Residents of The Seasons Residences will have direct access to the country’s first Mitsukoshi, which will be located at the podium of the development. The four-storey retail space will offer a unique Japanese mall experience in terms of design, service, and merchandise. Mitsukoshi will also feature a Japanese-style supermarket and food hall, a dedicated beauty zone, and other exclusive Japanese brands and concepts.
The promise of an elevated, convenience-centered lifestyle is not the sole appeal of purchasing a home in The Seasons Residences. Discerning buyers know that there are sound and valid prospects of investing in a property in one of Metro Manila’s most in-demand areas.
“Geographical advantages, rapid development, and limited supply are just a few reasons to invest in the upscale residential market in BGC,” says Cathy Ko, Executive Vice President of Federal Land, Inc. ‘The Seasons Residences, with its premium facilities, sophisticated Japanese design, ‘ and spacious condominium units, is set to be a prime investment for those looking either to reside in the area or looking to lease out their units.”
Don’t miss out on the investment opportunities offered by The Seasons Residences. Call The Seasons Residences hotline at 0998-595-5834, email us at email@example.com 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.
If you are actively looking for investment opportunities, you would have heard of the term “pre-selling.” Pre-selling condos, as the name implies, are condominium units available for sale before the building is completely constructed. Although buying a condominium under these circumstances may seem unconventional, pre-selling condominiums do have advantages. Here are the top three benefits of buying properties while they are still in the pre-selling stage.
Low Introductory Price
Condominium projects are launched at a low introductory price to generate interest and attract investors. Given the rapid appreciation in today’s real estate market and the finite property of developable land, prices of ready-for-occupancy units can climb up to twice the original price offer.
Flexible Payment Terms
Pre-selling condos offer flexible payment terms to make monthly payments straightforward and effortless. On top of the low introductory price, you can get a significant discount and a more spread out payment term when you avail at the start of the pre-selling phase.
Quick Return on Investment (ROI)
The value of real estate appreciates over time. This is especially true with pre-selling properties. Condominium projects are typically completed within a few years. By that time, the property’s value would have appreciated considerably and the buyer can earn a hefty profit by reselling his unit or leasing it out for a steady cash flow.
The Seasons Residences in Bonifacio Global City is a joint venture development of Federal Land, Inc., Nomura Real Estate Development Co., Ltd. and Isetan Mitsukoshi Holdings Ltd. A premier four-tower residential development, The Seasons Residences will be home to the first Mitsukoshi Mall in the Philippines.
Quick Tips on Pre-selling Condos
As a smart homebuyer, beware of potential troubles that can hurt your investment. Here are some tips to help you avoid unnecessary difficulties from the get go:
Buy only from reputable real estate developers with a solid track record of delivering quality properties on time.
Make sure to understand all terms and conditions before signing any document.
If you plan to purchase through a home loan, canvass reputable banks only.
Avail the services of a licensed broker or a trusted property specialist to guide you through the acquisition.
Mi Casa in Bay Area, Pasay City is an upcoming vertical residence reminiscent of Hawaii’s tropical ambiance redesigned for contemporary Filipino living.
Prime real estate developer Federal Land, Inc. has dedicated itself to developing properties that are faithful to the aspirations and expectations of its residents. Each Federal Land project adheres to the highest standards and is built to be of topnotch quality.
Quantum Residences along Taft Avenue is centrally located amidst known universities and business establishments in the area. Perfect for college students and hardworking professionals in pursuit of their careers and interests.
Artist ’s perspective of Mitsukoshi façade along 36th street
DESPITE the growing popularity of the country’s online retail industry, one thing remains constant: brick-and-mortar stores are here to stay. In fact, Neda, the Department of Finance and Nielsen have reported that prospects for the retail industry remain positive, bolstered by economic growth and strong domestic demand. As consumers become aware of local and international trends, their purchase decisions have also evolved from simply transactional to more experiential. The positive industry outlook for Philippine retail prompted foreign retailers to partner up with local companies and establish their presence in the Philippines. One of the latest retailers that aim to elevate the Philippine shopping experience is Isetan Mitsukoshi Holdings Ltd., one of Japan’s largest department store groups.
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.
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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