Innovation at its Finest

GoldPeach Properties 

Is a new and innovative property development corporation backed by the full resources and the impeccable 

reputation of the Gaisano Capital Group, a known leader in the retail industry.

For 33 years, the Gaisano Capital Group has been developing malls throughout the Philippines. With its 

aggressive expansion initiatives and generally progressive outlook, the Gaisano Capital Group has 

managed to create a strong presence in Visayas and Mindanao.

In 2010, GoldPeach Properties was formally created to focus on the various property development 

ventures of Gaisano Capital.

Committed to the creation of a premium environment for people who value a high-quality lifestyle at a 

cost-effective price range, GoldPeach Properties is rapidly making its mark in the local real estate 

development landscape.

GoldPeach has recently partnered with TVA&P, Inc., a distinguished architectural firm, and ASEC, a 

recognized leader in residential, industrial, and commercial development, to give rise to its much-awaited 

maiden venture, One Pavilion Place, an integrated live-play-shop development in the heart of the Cebu

 City metropolis.

In addition, GoldPeach is already poised to develop more of the prime lots under its portfolio, aiming to 

offer new properties focused on the concept of “prime location at a mini budget” for the average home 

buyer.

www.Goldpeachproperties.com

SRP auction set next week big names floated as bidders

INTERESTED bidders for the 9.7 hectares of prime land in the South Road Properties (SRP) will have to wait until next Tuesday. One of the Rallos heirs asked for a postponement of yesterday’s auction to April 17 due to a business engagement in Danao City yesterday. “There was a conflict in my schedule. I had to attend to something personal,” said Roy Rallos. Roy is one of the grandchildren of Fr. Vicente Rallos and claimants of a P133 million money judgment against Cebu City for its expropriation of a family lot in barangay Sambag II in the early ’60s. While names of major businessmen were floated, no one dropped an official bid during the pubilc auction at the Sheriff's Office at the Palace of Justice yesterday. Roy said business owners like the Gaisanos and some Chinese traders were interested to bid but were advised not to pursue their plan on pain of legal action from the city government. “If you are a businessman, you should not be afraid (to join the auction) because there is a court order,” he said for the sale of the 9.7 hectares. The auction opened at 10 a.m. By 1:30 p.m., sheriff Eugenio Fuentes announced that Roy called him to ask for a postponement to April 17. Since there were no bidders yesterday as well, the sheriff agreed. “We couldn't do anything about it,” Fuentes said. The Cebu city government has applied for a temporary restraining order (TRO) to stop the auction but none has been issued by the Court of Appeals. At least two people, who said they were the actual heirs of Fr. Rallos, were in the Sheriff’s Office to ask about the auction. “We will oppose the auction. We are simply after the truth,” Marian Rallos told Cebu Daily News. Marian said they have evidence to prove that Roy's relatives were just pretending to be the heirs of Fr. Rallos. She said her grandfather is the brother of Fr. Rallos while Roy's father Lamberto is the son of Fr. Rallos' helper.  She said they already intervened in the case filed by Roy and 28 others against the Cebu city government. The court dismissed the petition filed by Marian's group of 71 claimants. Marian showed a photocopy of a Certificate of Death showing that Fr. Rallos died on Oct.15, 1952, from congestive heart failure. The document described the priest’s status as “single.” She said this meant that Fr. Rallos had no children. Marian said Roy's group forged the signature of Fr. Rallos to make it appear they were the priest’s heirs. “We have the documents to prove our claims,” she said. When sought for comment, Roy simply laughed. “We have the same last name but if we will try to trace it, they (the other parties) are far from us,” he said. Sherrif Fuentes said interested parties must submit their bids in sealed envelopes, which he will open after 2 p.m., the end of the auction period. The highest bidder wins. The minutes of the auction will be given to the winning bidder who has to pay the government commission to the cashier. A Certificate of Sale will be issued to the winning bidder who has to pay the amount and then inform the Register of Deeds. The winning bidder cannot build anything on the lot within a year after the sale is brought to the attention of the Register of Deeds, a period of redemption. Fuentes said the city government may redeem the SRP lot by paying the amount paid by the winning bidder and its interest. For her part, Acting Cebu City Treasurer Ofelia Oliva said the SRP lot sale may drastically reduce this year's budget. “But Filinvest assured that they will pay their amortization plus the 10 percent share of the city government as part of its joint venture with the city,” she said. /Reporter Ador Vincent Mayol and Correspondent Tweeny Malinao http://cdn.ph/news_details.php?id=13117

About Ayala Land Premier

Ayala Land transformed the Philippine landscape with the nation's premier business district over five decades ago. As the largest, most experienced, and most trusted company in its field, Ayala Land leads the burgeoning real estate industry in the Philippines with prime residential and commercial developments.

Ayala Land Premier carries the heritage of Ayala Land. From high-rise condominiums to suburban environments and leisure communities, Ayala Land Premier developments are true testaments to high-quality living. Heralded for their prestige, choice location, and unrivaled land value appreciation, each development guarantees prime locations and desired addresses.

Ayala Land Premier - A distinctive living experience

With Ayala Land Premier, Ayala Land strengthens its distinction as the first, full-line real estate developer to meet the need of discerning homeowners, creating new lifestyles and appointing prime addresses.

Innovatively designed and exceptionally engineered, Ayala Land Premier developments define distinctive living.


www.ayalalandpremier.com

AMAIA

We are committed to raising the living standards of the majority of working class Filipinos. We empower our customers by providing innovative, quality and diversified lines of products in accessible locations in major growth areas of the Philippines. Easy and affordable financing options are made available to customers here and abroad. We assure our residents a safe and secure living experience that has provisions for the growth of family and community.

We are a major contributor to ALI's revenue and bottom-line targets as well as a key driver in enhancing ALI's overall brand equity.

We are experienced, competent, highly motivated individuals and teams who share common values of:

Integrity

Customer Satisfaction

Innovation and Creativity

Quality

Cost Effectiveness

Teamwork

We offer mutually beneficial and long-term relationships to our business partners by dealing with them fairly and with integrity. We work together to maximize synergies and utilize best practices to deliver the best value products and services to our customers

We contribute to nation-building by uplifting the living conditions in every area that we develop and by promoting environment sustainability programs.

www.amaialand.com

Transforming land, names, and lives

AVIDA

Since it developed the vast tract of swamp land that is now the bustling city of Makati, Ayala Corporation has become a name indelibly etched in the minds of Filipinos as a visionary developer of land, as a builder of dreams.

Yet, it was only in 1988 when Ayala Corporation spun off its real estate division into a separate company, giving birth to Ayala Land Inc. (ALI).

ALI then was primarily associated with high-end projects, whether central business districts, commercial centers, or exclusive family residences, found mostly in Makati and Alabang in Muntinlupa City.


www.avidaland.com

There are some things only experience can bring.

ALVEO

With foresight brought about by many successful years in the industry, the Philippines' leading real estate developer, Ayala Land, Inc., conceived a company dedicated to building homes that answer the needs of a rapidly expanding market - the urban achievers. So on September 29, 1995, upon registration with the Securities and Exchange Commission (SEC), this fully-owned subsidiary of Ayala Land was born. Operating at the Ayala Life Building, Madrigal Business Park in Alabang, we began to play our strategic role in revolutionizing the way communities are created.

By February 26, 2002, while in the planning stage of our very first development, we took on the name Community Innovations Incorporated (CII). It was a move that reinforced our commitment to providing specially designed living environments for the unique needs of our discerning market. Along with the new name was a prominent new office address - the 18th floor of Tower One & Exchange Plaza, Ayala Avenue in Makati City, the country's premier business hub.

Community Innovations officially opened its door for commercial operations on March 1, 2002, and since then, it has evolved into one of the fastest-growing real estate companies in the country. Shortly after, CII has proudly built not only well-designed developments, but also flourishing communities. Verdana Homes Bacoor, Verdana Homes Mamplasan Verdana Village Center, Two Serendra, The Columns Ayala Avenue, The Columns Legazpi Village, and Celadon Residences - all superior developments bearing the mark of CII's expertise and passion for innovation.

As our dedication to our customers deepened, the qualities that defined us as a real estate company had likewise risen to a whole new level-sharper foresight, unparalleled excellence, and total commitment. To mark this milestone, last July 23, 2008, we changed our name from Community Innovations to one that reaches out to a wider aspect of living, Alveo Land Corp. Alveo, derived from the Latin word Salveo, means "to be well." And as a company, we don't just find the means to build the most innovative homes; we look for ways to give you the life you deserve.

www.alveoland.com.ph

Developer to put up another BPO building in Cebu City’s IT Park

The Asian i-Office Properties Inc. (AIO) is constructing a P1.4-billion building at the Asiatown IT Park in Lahug, Cebu City to provide more space for the growing business process outsourcing (BPO), IT and IT-enabled companies.

AIO launched eBloc 2 Tower, a 16-level office building located in the Phase 2 of IT Park. It sits on a 4,383-square- meter lot with a gross floor area of 34,762 square meters.

AIO is a partnership between the Cebu Property Ventures and Development Corp. (CPVDC) and Ayala Land Inc.’s (ALI) Corporate Business Group to address the continuing demand for office spaces.

The eBloc 2 Tower is a sequel to the eBloc Tower is another move of the company to address the demand of the growing BPO and IT industries.

CPVDC president Francis Monera said the construction of the eBloc 2 Tower is another move of the company to address the demand of the growing BPO and IT industries.

”This will further make Cebu a prime investment destination,” Monera said during the launching. CPVDC is the developer of Asiatown IT Park and is a subsidiary of Cebu Holding’s Inc., an Ayala-led company.

ALI president and chief executive Antonino Aquino said the company invested P1.4 billion for the project, which is set to be completed next year.

He added this is part of the P2 billion earmarked for Cebu to fund major developments of the company in its residential, office and retail businesses starting this year.

”We will make sure that best practices will also be implemented here in Cebu,” Aquino said, as he noted ALI’s developments in Makati City and Bonifacio Global City in Luzon.

He said the 7.3 percent economic growth in the first quarter encouraged the firm.

”Of course we will take advantage of the momentum and take full advantage of the growing BOPO industry as it is one of the major growth drivers of the country’s gross domestic product,” Aquino said.

The eBloc 2 Tower, which is envisioned to become a premier location for BPO, IT and ITES business locators, has a gross leasable area of 26,543 square meters.

By Ehda M. Dagooc (The Freeman) Updated June 10, 2010 12:00 AM/ http://www.philstar .com/Article. aspx?articleId= 582963&publicationSubCateg oryId=108.


ceburealestatenews.blogspot.com

Citta Di Mare

To be one of the most modern Cities in Asia
The First Residential Cluster, AMALFI OASIS will be a Spanish Inspired Theme of Mid-rise Condominium with 2 bedrooms (56 sq.mtrs) and 3 bedrooms (113 sq.mtrs).

Rest and recreation in lush proportions. Within its secure, gated premises, Amalfi Oasis makes resort living a way of life. Swimming pool, Clubhouse, Bar and lounge, Basketball court, Rest/Event gazebo, Parks & play areas, Path Walks, Kiddie nooks.

Citta Di Mare literally means ” City By the Sea ” and is located in South Road Properties, Cebu, Philippines. Citta di Mare, or “the City by the Sea”, captures the charms of resort living with its majestic views of Mactan’s coast and Cebu’s mountains. The development, bisected into 2 sections by the Cebu Coastal Road, will redefine waterfront and seaside resort living in the Visayas.

Citta Di Mare concept is the combination of 4 Waterfront Destinations in the world, namely:
1. Darling Harbor, Sydney Australia
2. New Port Beach, California
3. Fisherman’s Wharf
4. Romantic French Riviera
* Clusters of five-storey buildings are interspersed with luxuriant gardens, courtyards and landscaped pockets.
* Pedestrian-friendly community
* 20-meter-wide landscaped walkways and bike lanes link all buildings
Other Projects in SRP Cebu City Philippines
Proposed Court of Appeals Building
SM Prime Holdings development
Bigfoot
City Hall Block
UP Campus

1. The Project:
Citta di Mare is a master-planned community spanning approximately 50 hectares at the newly reclaimed
South Road Properties of the Cebu City Government.

Citta di Mare, or “the City by the Sea”, captures the charms of resort living with its majestic views of Mactan’s coast and Cebu’s mountains. The development, bisected into 2 sections by the Cebu Coastal Road, will redefine waterfront and seaside resort living in the Visayas.

Il Corso, the 106,148sqm section directly fronting the sea will be developed into a waterfront lifestyle strip
that will offer a range of seaside leisure activities.

The 390,484sqm section on the opposite side of the Coastal Road will be developed into a residential resort
town composed of themed residential communities anchored by the Piazza, an Italian-inspired common
amenity area. The development on the area is a joint venture development project between Filinvest Land,
Inc. and the Cebu City Government.

Amalfi Oasis, the first residential cluster to be developed at Citta di Mare, is inspired by the Italian coastal
towns along the Costiera Amalfitana (Amalfi Coast), which is renowned for its scenic beauty, picturesque
towns and diversity.

2. Perfect Location:
South Road Properties (SRP), Cebu City The South Roads Properties (SRP) is a 300-hectare prime property development project on reclaimed land
located a few meters off the cost Cebu’s central business district. It is registered with the Philippine
Economic Zone Authority (PEZA) as a Special Economic Zone.

Its project cost of over 12Bn Yen was funded by the Japan Bank for International Coopreation (JBIC).
Counterpart funding was provided by the City of Cebu which owns the project.
Abutting the SRP is the Cebu Coastal Road, a 12-kilometer, 4-lane highway that costs 18Bn Yen and was also funded by the JBIC.

Features of and Infrastructure at the SRP (from the Cebu City Government)
Reclamation and all other civil works were done by Japanese contractors in conformity with
internationally accepted engineering standards.

To optimize the use and cost of water, a dual piping system will be installed, a separate pipe for
potable water and another one for gray water.

Fiber Optic cables for all telecommunications and broadband requirements will be available.
Security will be greatly enhanced since the project is virtually an island and all approaches will have
checkpoints.

Proposed Bus Rapid Transit line
Proposed Ferry Terminal
Buffer zone between SRP and Inayawan area
Proposed Court of Appeals Building
304,100sqm SM Prime Holdings development, bought from the Cebu City Government at 3.1Bn
3.1has area leased to Bigfoot
3.02has proposed City Hall Block
5.1193has proposed UP Campus
0.6439has area for utilities
4.7036has area for DPWH

3. The Concept
The Nautilus (from Greek !”#$, ‘sailor’) has survived relatively unchanged for 450 million years and is one
of the only shells to survive from the Dinosaurs era.
Beauty and Renewal. The Nautilus shell, lined with mother-of-pearl, grows into increasingly larger chambers
throughout its life and so has become a symbol for expansion and renewal. Dating back to Hindu myth, the
Nautilus Shell was mentioned as a symbol of many things in creation. It is also a symbol for the inner beauty
of nature.

Renowned. Back in the age of exploration and expedition, the nautilus was one of the strange creatures
found on voyages to the Southern seas, and many an idle sailor would spot this tiny-shelled creature floating
on the quiet sea. The nautilus took on mythical proportions when sailors told of their south sea adventures to
eager listeners gathered around the fire on a cold winter’s night, back in the northern ports of England or of
the northeastern United States.

Herald of good things to come. In Greek and Roman mythology, Triton, the son of Poseidon who dwells in the sea, only rises to the surface to blow his horn – a shell shaped like the nautilus. From Triton’s horn comes the magic or mystery which sailors pray for to calm a bad storm at sea.

The Name
The name Citta di Mare, or City by the Sea, encapsulates the concept for the development. The very name
hints at the experience that can be enjoyed here – a lifestyle marked by freedom, pleasure, luxury and
modernity.

The City
The approximately 50has property is envisioned to be just that – a thriving metropolis complete with all
the conveniences of living within the city. Investing in a home at Citta di Mare doesn’t just mean getting a
dwelling unit – you invest in a city.

The residential community comes with separate amenities per cluster,
with generous open spaces and landscaped areas. It is a pedestrian-friendly community with car-free zones
where your children can run around freely. The community has a central amenity area complete with a
church, school, retail shops, cafes and sports ground.

The proposed UP campus is also just a few blocks
away. Across the road is Il Corso, a waterfront lifestyle strip that introduces a new dimension of seaside
pleasures. It features a boardwalk, beach sandbox, marina, cafes, bars, restaurants, souvenir shops, home
depot, retail shops, exhibit tents, amphitheater and high-rise residential condominiums.

Citta di Mare – Near The Sea
A sunset stroll on the beach…a leisurely lunch overlooking the water…dancing the night away at a
beachfront concert…cocktails onboard a moonlit cruise. The charms of seaside living abound, evoking
images of world-class waterfront attractions such as Sydney’s Darling Harbor, Newport Beach, Fisherman’s
Wharf, and the romantic French Riviera. Citta di Mare captures this idyllic lifestyle. Here, resort living
becomes a way of life. You can fulfill your dreams of making the sea a constant, soothing presence in your
life.

4. Project Proponents
Citta di Mare is a joint venture development between the City of Cebu and Filinvest Land, Inc.
Cebu City Government is the owner of the South Road Properties (SRP) composed of 300 hectares of prime
property development on reclaimed land located a few meters off the coast of Cebu’s central business
district. The SRP cost over 12Bn Yen and was funded by the Japan Bank for International Cooperation.
Counterpart funding was provided by the City of Cebu.

Filinvest Land, Inc. (FLI) is a family corporation owned by fellow Cebuanos
The Gotianun Family. Whatever a Filipino family’s dream may be, Filinvest can build it. From a first home, a lasting legacy, to a desired lifestyle, the company caters to the need of every Filipino, whoever he may be.

*50 years in the business and one of the country’s leading real estate developers
*With a diverse property portfolio catering to all markets – from its core best-value homes to premier
communities and townships, retail and commercial establishments, offices and business parks,
condominiums and leisure developments
*With assets valued at 165.59 billion and stockholders’ equity of Php62.37 billion
*Developed over 2,000 hectares of land and more than 600,000 suare meters of prime office,
residential and retail spaces
*Built on the Gotianun tradition of integrity, quality and service
With every milestone conquered, one more Filipino dream is fulfilled.
V. Components
Il Corso
Themed Residential Resort Communities
• Amalfi Oasis
• Phase 2
• Phase 3
• Phase 4
• Piazza, central activity area



www.cittadimare.com

INVESTFIL

We are your Real Estate Partner Helping you to invest in the Philippines:

Welcome to Investfil.com, your personalized portal to the different projects of Filinvest in the Philippines.
Filinvest is one of the most reputable real estate companies in the Philippines with its extensive experience of 50 years in making captivating residential homes, communities and subdivisions and mid-rise residential buildings with centralized leisure amenities that foster close-knit community where neighbors are familiar with each other at places where nature inspires art and enriches lives. Investfil chooses to single out Filinvest in this portal as a salute to the company for realizing at least 7 Filipino dream houses per day for the past 50 years.
Filinvest has developed over 2,000 hectares of land and more than 600,000 square meters of prime office, residential house and lot subdivision and retail spaces.

The company is publicly-listed full-range residential developer, listed in the Makati stock exchange with assets valued at Php131.5 billion and stockholders’ equity of Php59.68 billion. It has a diverse property portfolio catering to all markets – from its core best value homes to premier communities and townships, retail and commercial establishments, offices and business parks, condominiums and leisure developments.

It owns Filinvest Corporate City, a 244 hectare showcase of urban center development. It also developed the 52-storey PBCom Tower which is the tallest office building in the Philippines, the premier outsourcing hub Northgate Cyberzone in Alabang, and the sprawling Festival Supermall which remains the undisputed regional shopping center south of Metro Manila. In Cebu City, a bustling city located right at the center of the Philippine archipelago, Filinvest is going to develop one of its biggest project,

This is on top of its signature projects in Cebu City like Corona del Mar-a beach side resort residential
subdivision, Aldea del Sol that features affordable homes in Lapulapu City, Mactan Tropics-a high end themed residential community that offers lots only, One Oasis-a 3-hectare residential condominium community conveniently located right at the heart of Cebu City and Grand Cenia-a 25 storey condotel and residential condo project located at the heart of Cebu’s premier business district which are all featured in this website. Investfil.com is your portal to owning and investing your dream house developed by Filinvest. It’s even easier to turn your dreams into reality when you deal with our licensed professional real estate salespersons. We share with you the same mindset…a love of the outdoors, a love of life.

The Grand Cenia Hotel & Residences,Condotels, Condos,Banilad,Cebu City,Philippines.
We offer you the convenience and confidence of owning a little piece of Filinvest paradise projects in a way only

professional real estate sellers can do, where values of professionalism, honesty and dynamism is embraced.
When you want the low-down on Filinvest houses and projects, we are like the locals of the Filinvest community.

We have been around long enough to gain knowledge and expertise in selling Filinvest products, be it residential house and lots in a subdivision, township, condominium buildings or commercial spaces developed by Filinvest.Filinvest Houses, Filinvest Quezon City, Filinvest Real Estate, Filinvest Subdivision.


www.investfil.com

Royal Palm Residences:

A Best Value Condo Home for a Working Couple

click to enlarge

Mike and Christia Gonzalez is your typical married couple at the prime of their lives both with successful professional careers and a healthy relationship with family and friends.  After getting married in November 2007, it was time to move on to the next phase of their life, and that is to start their own family in their own home.

 As former residents of Pasig City with Mike’s parents, the couple sought for a place that would mirror the comfort, convenience, and security offered by their initial home.  They scoured the city, even the suburbs, for an ideal home environment that would suit their lifestyle as busy professionals.  Initially, they wanted a house and lot, which is typical of Filipinos’ concept of a dream home.  But after looking at their options and taking into account their needs and living requirements, they realized that it was best to procure a condominium residence which offered them convenience and security, plus other incomparable advantages.

 Among all the projects they looked into, they settled for the condo property that was deemed having the best value propositions.  They bought their unit officially in August 2008.  In July 2009, they finally moved in to their brand new home located in a sprawling residential estate in progressive Taguig City.  Two years hence, they have confirmed that it was a decision worth taking, and they are now living life to the fullest as residents of Karon Building in Royal Palm Residences by DMCI Homes.

“We can categorically say that it was really the most affordable property that offered us the best deal among all the projects we considered,” Mike related.  “For a two-bedroom, 50 sqm unit plus 10 sqm service area that we bought at the pre-selling stage, it definitely gave us the best financial deal at only 20% downpayment.  The price of the unit was P2.7 million while the other projects offered units at only 30-40 sqm that were worth P3 million to P4 million and up.”

The location of Royal Palm also gave them a surprising advantage, assuring the couple a convenient drive to their office in Ortigas for only 20 minutes, since the route to their destination is counter to the usual traffic.  From Acacia Estates in Taguig, the location also offered them easy access to C-5 Road, as well as commercial establishments in Bonifacio Global City.

Mike also recalled that when they started furnishing their house by June of 2009, it was also another welcome surprise to find that they did not have to change much with the turnover state of their unit.  Quality finishes and fixtures were provided already in their unit, allowing them to simply move in their appliances and furniture and add some décor to make their home livable.

In fact, when friends come over, they are just as pleasantly surprised to find their residence an impressive medium-rise residence.  “My friends even get the impression and feel of Royal Palm as a resort hotel, especially with our expansive, 1-hectare amenities area,” Mike noted.

With its classic Thai-inspired architectural design, Royal Palm Residences indeed presents such attributes through its clubhouse, cabanas and gazebos, lush landscaping, koi ponds, pocket gardens, pool deck, jogging paths, and other outdoor amenities.  Residents have plenty of room to breathe, various options to explore for rest and recreation, while providing a calm and soothing environment reminiscent of Asian resorts.

“We get to use these amenities to host birthdays and other events, for ourselves and even with the community that is really active and responsive.  We now look forward to our Halloween and Christmas parties, as well as other activities that the entire community loves to celebrate,” Mike added.

In fact, Mike was head of a basketball sports committee that joined the recent DMCI Homes’ inter-community sportsfest, where Royal Palm’s junior players won as champions.  This active spirit of community and camaraderie is another unexpected surprise that convinced the couple that they will always feel right at home in Royal Palm Residences.

DMCI Homes is a company of innovative builders and engineering experts who develop modern day living solutions for urban families. With over 55 years of experience, DMCI Homes offers its customers the highest level of expertise and strict adherence to global standards. With its feature-rich and ideally located developments, Filipinos can finally enjoy a more comfortable, cost-efficient and meaningful way of life. For inquiries on Royal Palm Residences and other DMCI

 www.dmcihomes.com

PSALM PROPERTY VENTURE & DEVELOPMENT CORPORATION

Was founded by dynamic and illustrious men of great foresight in addressing community concerns, like the ever increasing problems on housing in urban areasCirca 1996, AVELINO S. ALVENIZ, who was still struggling to earn a college degree, started acquiring lots for Pag-ibig members which he would develop as housing areas on individual basis. He did all the marketing and processing of Pag-ibig Housing Applications, including the release of funds and the completion of the houses. So that from 1996 to year 2002, he was able to develop two (250) lots and constructed houses thereon for the Pag-ibig members/clients. With such experience behind, he put up and founded  “PSALM PROPERTY VENTURE AND DEVELOPMENT”, a sole proprietorship, under the name of AVELINO S. ALVENIZ. The firm undertook the following subdivision/housing development projects, to wit:

1. ROCKWELL I SUBDIVISION – on a 3,600 square meter, with 20 sub-lots for Pag-ibig house at Tayud, Consolacion, Cebu (completed and all titled delivered);
2. ROCKWELL II SUBDIVISION – on a 3,600 square meter, with 20 sub-lots available thru in-house financing at Tayud, Consolacion, Cebu (completed and all the titled delivered);
3. PSALM VILLE I SUBDIVISION – on a 8,000 square meter with 60 sub-lots available thru in-house financing at Tayud, Consolacion, Cebu (completed and all the titled delivered);
4. PSALM VILLE II SUBDIVISION – on a 3,000 square meter with 15 sub-lots available thru in-house financing at Tayud, Liloan, Cebu (completed and all the titled delivered);
5. ALTA TIERRA SUBDIVISION – on a 7,000 square meter, with 54 sub-lots available thru in-house financing at Calero, Liloan, Cebu (completed and all the titled delivered);

The above listed projects have been undertaken in a span of 3 years from year 2002 to part of 2005. With such increase, he decided to form a corporation under the name and style of “PSALM PROPERTY VENTURE AND DEVELOPMENT CORPORATION” in March 2005 and additional projects having been done to the present, as follows:

6. GRANTVILLE 1 SUBDIVISION – on a 9,000 sqm, with 48 sub-lots purely for Pag-ibig assisted houses at Jugan, Consolacion, Cebu (completed and all the titled delivered)
7. VILLA MONILAR SUBDIVISION – on a 5,546 square meter, with 38 sub-lots purely for Pag-ibig assisted houses at Jugan, Consolacion, Cebu (completed and all the titled delivered)
8. SHENNA HOMES I SUBDIVISION – on a 1.2 hectare, with 56 sub-lots available thru in-house financing at Cansaga, Consolacion, Cebu (completed and all the titled delivered)
9. ROCKWELL III SUBDIVISION – on a 2,700 sqm, with 20 sub-lots purely for Pag-ibig assisted houses at Tayud, Consolacion, Cebu (completed and all the titled delivered.

10. JAMESVILLE SUBDIVISION – on a 1.7 hectare, with 70 sub-lots for Pag-ibig and installments assisted houses at Tayud, Liloan, Cebu (partially completed and on-going)
11. GRANTVILLE 2 SUBDIVISION – on a 5,425 sqm, with 34 sub-lots available thru in-house financing at Suba-Masulog, Basak, Lapu-Lapu City (completed but the title were partially delivered)
12. NECO HILLS SUBDIVISION – on a 7,489 sqm, with 43 sub-lots for Pag-ibig and installment assisted houses at Yati, Liloan, Cebu (completed and all the titled delivered)
13. SHENNA HOMES II SUBDIVISION – on a 1.8 hectare, with 120 sub-lots available thru in-house financing at Curva, San Vicente, Liloan, Cebu (partially completed and on-going)
14. VILLA AYUDA SUBDIVISION – on a 2.3 hectares, with 365 sub-lots available thru in-house financing at Curva, San Vicente, Liloan, Cebu (LOW-COST LOT and on-going project)
15. VILLA CONCHITA – 3,435 sq m with 19 sub-lots available for Pag-ibig and installments located in Tayud, Liloan, Cebu
16. JOVILLE – 9,404 sq m with 59 sub-lots available thru in-house financing located in Danlag, Consolacion, Cebu
17. SHENNA HOMES 3 – 5,958 sq m with 16 sub-lots available thru in-house financing located in Yati, Liloan, Cebu
18. GRANTVILLE 3 – 11,140 sq m with 39 sub-lots available thru in-house financing located in Marigondon, Lapu-Lapu City
19. CLUB 30 HEIGHTS – on a 66,821 sq.m with 250 sub-lots available thru in-house financing at Tubod, Minglanilla, Cebu (SEMI-HIGH END SUBDIVISION)
20. EL MONTEGRANDE HEIGHTS – on a 117,076 sq m with 500 sub-lots available thru in-house financing at San Vicente, Liloan, Cebu (SEMI-HIGH END SUBDIVISION)
21. IMMANUEL HOMES – 7,074 sq m with 42 sub-lots available thru in house financing located in Bangkal, Lapu-Lapu City

With the foregoing projects, the firm has acquired some fixed assets, such as heavy equipment, i.e., Buldozers, Graders, Pisons, Dumptrucks, Rollers and similar other machineries through sale or lease, and some units of vehicles, and other necessary tools. It has employed a sizeable number of employees – field and office – and has acquired untarnished good name and goodwill. The members and officers of the corporation have attained skills and experience behind them and such that PSALM PROPERTY VENTURE AND DEVELOPMENT CORPORATION, if given more time and assistance could still be enhanced and become a notable enitity in the housing industry.

psalmproperty.com

City Hall stops excavation for twin 50- storey condos

There was a loud crash past 1 p.m., then the second floor of the house tilted.

“My nephews thought there was an earthquake because the house moved,” said 29-year-old house renter Jonah Pacheco in Cebuano.

The two boys, an uncle and a teenage neighbor, were lucky to get out alive.

A meter away, a retention wall collapsed in the excavation site for a twin 50-story condominium project of Taft Property in barangay Cogon Ramos, Cebu City.

Eight other houses of light materials near the edge of the excavation pit also collapsed. No one was injured as most of the occupants were out at work.

The Office of the Building Official (OBO) under the Cebu City mayor’s office immediately issued a cease-and-desist order stopping excavation work until safety measures are in place and an investigation is made.

Cebu City Administrator Jose Marie Poblete said the order was issued against Taft Property Venture Development Corp. whose management promised to pay for the damaged houses. Poblete, who is a civil engineer and lawyer, said the “weight” and “strength” of the “retaining wall” may have been inadequate. The excavation, part of the foundation of the tower condominiums, appear deep enough to fit a three-story building at 30 meters tall and 15 meters wide.

Lawyer Vincent Tomaneng, Taft Property spokesman, said the company will undertake “corrective measures” and send experts to prevent further damage. He identified the contractor for the excavation work as ASDEC Corp., a Manila-based firm.

“We are doing everything we can. We will take care of the families affected. . . We will shoulder the necessary expenses,” said the lawyer.

“We conducted a soil test before we did the excavation.”

The twin condominium towers called Horizons 101 is designed to be the tallest commercial building in Cebu City when completed, even higher than the Crown Regency hotel a few blocks away.The concrete wall was a “slope protection structure.”

Cogon-Central Ramos barangay captain Omar Durano said 20 affected families in eight houses in the Dela Rama Compound near the excavation site were relocated to pension houses in Cebu City paid for by Taft Property. The houses were about one meter away from the excavation wall that crumbled. Sitio Sta. Teresita has about 1,500 residents and is the biggest sitio in the barangay, said Durano.

Other residents living within 15 meters from the excavation wall have to move out as a preventive measure, said Alvin Santillan, head of the Cebu City Disaster Risk Reduction Management Council.

A cordon was already set up around the site when Cebu Daily News visited.

“May’ gani naa ko sa gawas (Good thing I was outside the house.),” said Pacheco, who rents a two-story house beside the wall.

Pacheco said that she’s lived in the house in sitio Sta. Teresita for more than 20 years.

She was chatting with neighbors in a sari-sari store three meters from the house when the wall collapsed. Pacheco recalled hearing a loud crash.

Her elder brother Jade and her two visiting nephews aged 17 and 9 together with an 11-year-old neighbor were watching television in the bedroom on the second floor.

The boys quickly locked the bedroom door and hid under the table. Jade, 37, later led them out to safety.

“They panicked. I was worried because the appliances were left on. I told my brother to turn off the electric switch,” Pacheco said.

The house is still standing but appears tilted.

When the second floor slanted, Pacheco said her washing machine and gas stove were thrown down the pit. The house renter said she belatedly noticed cracks in their concrete floor last February, something she linked to the excavation work in sitio Teresita, which started August last year.

She said she didn’t immediately notice the cracks because the floor was covered with a carpet. Pacheco said the family complained to Taft Property about the cracks and the company repaired them. Excavation work at the site went on 24 hours a day, a noisy operation that would make her house shake, said Pacheco and several neighbors.

“Naanad nalang mi (We just got used to it),” Pacheco said.

“Nakuyawan pud mi pero kumpiyansa lang (We got scared but we were just complacent about).” /Rhea Ruth V. Rosell, Correspondent.

cebudailynews.wordpress.com

Ayala Malls go green

Jamille Lea – Ann C. Azanza UP Masscom intern

AYALA Center Cebu campaigned for the Green Friday promo last March 9.

The official launching was held at the Ayala Terraces last March 30.

The launching event aspires to support Mother Earth by encouraging shoppers to use an eco bag every Friday.

Janice Parreño, marketing manager of Ayala Center Cebu, said that the campaign has two folds. The first part is for the mall to require their merchants to start using biodegradable plastics, or to avoid plastic bags completely. The second fold’s drive is geared towards the shoppers. “We want shoppers to start using their own recyclable or biodegradable bags every Friday.”

In line with this, participating shoppers will be entitled to one raffle coupon for a minimum P100 single-receipt purchase whenever they won’t use a plastic bag when shopping. Major prizes await winners: Avida House and Lot, and El Nido, Palawan Travel Packages. The promo will run until June 8, 2012.

“That’s an added incentive to really build the habit for shoppers. We want this initiative to start from us; we don’t want to wait to have it mandated by the government with the proposal of laws and ordinances that may take long to take effect,” Parreño added.

The launch partnered with Havaianas slippers. Ayala Malls also has committed to plant 100 trees for every 10,000 raffle coupons in partnership with the World Wildlife Fund.

“It takes a village to actually push people and educate them about this campaign, we want to involve as many people as possible to this campaign,” Parreño said.

Eco bags, which are handy, are sold at an affordable price (P50) and can be bought at the privilege desk of any of the Ayala Malls.

FLI Raising P11B from Bonds

MANILA, Philippines — Filinvest Land Inc. is planning to raise P11 billion from an issuance of fixed rate bonds which Philippine Rating Services Corporation (Phil Ratings) has assigned its highest PRS Aaa rating.

In a disclosure to the Philippine Stock Exchange, FLI said it intends to issue the bonds in two tranches. The first tranche, worth P7 billion, will be issued within the second quarter of 2012.

The second tranche worth P4 billion will be issued later in the year (third or fourth quarter of 2012). The bonds will have a term of seven (7) years. The bonds will be used to partially finance FLI’s capital expenditures for 2012 amounting to P15 billion.

Phil Ratings also maintained its PRS Aaa rating for FLI’s outstanding bond issue, composed of the P5 billion in fixed-rate bonds (P500 million bonds due in 2012 and P4.5 billion bonds due in 2014) and the P3 billion in fixed-rate bonds due in 2016.

The ratings assigned reflect the healthy growth of FLI’s real estate and leasing operations resulting in strong income generation; sound debt position and financial flexibility; FLI’s established brand name and diversified portfolio; and the relatively favorable economic and industry conditions.

In the near- to medium-term, forecast hikes in FLI’s real estate revenues will be derived from the expected continued strong performance of the affordable and middle-income segments.

Medium- and high-rise buildings and HRBs located in various areas in Metro Manila and at the South Road Properties (SRP) development in Cebu are likely to enjoy healthy sales take-up.

“Worth mentioning also is the expected significant growth in the company’s recurring rental income, coming from the completion of the expansion of the Festival Supermall, the retail project developments at SRP in Cebu and new office buildings,” Phil Ratings said.

Phil Ratings said the generally positive outlook for the real estate industry supports the growth forecasts of the company in the near-term to medium-term. Overseas Filipino remittances, which are projected to remain strong in 2012, bode well for real estate companies. (JAL)

www.mb.com.ph