Century Properties enters Central Luzon market

MANILA, Philippines — Century Properties Group (CPG) is breaking into Central Luzon’s property market with a mixed-use project in the city of San Fernando in Pampanga.

CPG announced on Wednesday the acquisition of an eight-hectare property using part of the proceeds from an equity placement offering in March. The new development is now being master-planned and CPG expects to generate about P6 billion sales from the residential portfolio, which will target the middle-income market.

The property, which was acquired from House of David Realty and Development Corp., is located near the San Fernando Interchange on Jose Abad Santos Avenue and the North Luzon Expressway (NLEX). It is situated across the SM and Robinsons malls.

CPG said the strategic location of the property made the landbank ideal for its planned mixed-use development with residential, commercial and institutional components.

“This will form part of a city or town center that the company envisions for the area, to position it as a future central business district in the north,” CPG said.

“We are pleased with the successful sale of the property to a real estate company with a proven track record of delivery and innovation. We are confident that, similar to how it has masterplanned its projects in Metro Manila, Century Properties will also build a world-class urban center in San Fernando Pampanga that our fellow Kapampangans and the rest of Central Luzon will be proud of,” said Ladislao David, chairman emeritus of property seller House of David Group.

“Many have expressed interest in developing the House of David property because of its strategic location and vast business potential, but we believe that Century Properties is the right company to do this collaboration with as we share the same family and corporate values,” he said.

For its part, CPG said it was investing in Central Luzon because this was one of the fast-rising growth centers in the Philippines. “Century will contribute to further enhance the competitiveness of San Fernando by building an integrated urban center that will complement the city’s progressive pace. It is time to expand modern infrastructure into cities like San Fernando for a greater population to experience the country’s advancement,” the company said.

CPG has been in the property business for 27 years. It has so far completed 21 buildings and 30 more are in various stages of development and construction. Among its projects are Century City in Makati, a township project with residential towers Gramercy Residences, Knightsbridge Residences, Milano Residences interior design by Versace Home, Trump Tower, Centuria Medical Makati and Century City Mall. It is also the developer behind the Azure Urban Resort Residences in Paranaque City, the Acqua Private Residences in Mandaluyong City, and Commonwealth by Century in Quezon City.

source: business.inquirer.net

Quality living at The Alvendia

MANILA, Philippines – Premier property developer Rockwell Land Corp. recently introduced another exclusive community at The Alvendia. The launch was made after the success of its first foray into horizontal development, 205 Santolan by Rockwell.

The Alvendia by Rockwell will be a cozy neighborhood for those who choose a life of harmony and tranquility since only 28 low-rise residences will be built on the 4,000-square-meter property. It will rise in a peaceful district in San Juan, and will be near high-end villages in Greenhills.

This enclave of refined residences will be near well-known private schools like Xavier School, Immaculate Conception Academy, St. Paul and La Salle Greenhills as well as retail establishments on Wilson Avenue and Greenhills Shopping Center.

Providing quality living for families, The Alvendia by Rockwell features three-story units. With 300 square meters and three bedrooms, children of every age and heads of the family will surely find a space to call their own in each exquisite home.

Rockwell lifestyle

“The Alvendia will be another unique Rockwell community,” shares Valerie Soliven, Rockwell Land senior vice president for sales and marketing. “With many of our clients expressing their satisfaction with 205 Santolan by Rockwell, we look forward to creating another neighborhood where families can experience the prestigious lifestyle in which Rockwell prides itself.”

The Alvendia will provide discerning homeowners with the Rockwell lifestyle. This chic community will feature a swimming pool and a multipurpose area exclusive to its residents.

To retain the standard of quality in these residences, The Alvendia will be in the hands of the Rockwell Property Management Corp. will ensure that amenities and common areas are well-kept.

Premises of The Alventia are equipped with a CCTV system, closely monitored by expertly trained security personnel, and accessible only through an exclusive gated entrance. Like every Rockwell development, the Alvendia is also well-prepared for unfriendly weather, with 100-percent standby emergency power in all its common areas and facilities.

source:  business.inquirer.net

Residential developer buys 208 acres in North Las Vegas

A Southern California residential developer has acquired 208 acres in North Las Vegas.

SunCal bought the property near North Decatur Boulevard and Elkhorn Road this week for $19.8 million, the company said Friday.

The previous owners had graded the property and installed water and power utilities but did not build any homes, SunCal spokesman Joe Aguirre said. The company plans to seek revised entitlements for the property, which is already approved for up to 1,828 residential units, he said.

Like Summerlin’s Howard Hughes Corp., SunCal develops master-planned communities by selling large swaths of land to home builders.

Based in Irvine, Calif., SunCal has done other deals in Las Vegas. From August to November 2009, the company bought 1,665 lots — 1,212 finished and 453 partially developed — across 22 valley project sites for almost $30 million.

source: vegasinc.com