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The issue of climate change has moved up the global agenda, with increasing awareness of the real estate industry’s significant contribution in reducing the detrimental effects of carbon emissions from the commercial and office sectors.
This was discussed by CB Richard Ellis Philippines in a recent press conference. The conference featured guest speaker Jennivine Kwan, US Green Building Council (USGBC) VP for International Operations and gathered decision makers from the commercial real estate sector, green associates, and LEED accredited professionals in the country. Figures shared by Kwan show that as of October 2010, the total worldwide commercial LEED registered projects has reached 8,579.
LEED or Leadership in Energy and Environment Design is one of the most widely-used green building rating systems. This was developed by the USGBC to benchmark building performance and environmental design. The rating system covers new construction, core & shell, existing buildings, commercial interiors, homes, and neighborhood developments.
To date, there are five LEED certified projects in the Philippines. This includes the Asian Development Bank, Nuvali One Evotech, Shell Shared Services Office, Texas Instruments in both Baguio and Clark.
Twenty-eight projects are now registered for LEED certification. This includes the Zuellig Building, the first LEED Core & Shell pre-certified Gold-level prime office building in the country. It is a 33-story building featuring 55,000 sqm of rentable office space.
This development is exclusively leased out and to be managed by CBRE Philippines, the country’s leading real estate advisory firm
Global real estate has come of age. Solutions to market concerns have become widely accessible through global networks that work swiftly across vast oceans.
Philippine real estate industry players recognize the vital importance of investment information, communication and linkages in bringing solutions that work both locally and internationally. Our global endeavours for the country’s real estate industry take a monumental turn with the strong presence of the National Association of REALTORS ® (NAR) in the Philippines.
Real estate professionals need a trusted global ally – which NAR embodies – to reinforce our steps in conducting our business in a world without borders.
In November 2010, I had the pleasure of meeting NAR President for 2011 Ronald Phipps during the Annual REALTORS® Convention and Expo in New Orleans, where the idea of being an official organization partner was first offered to CREBA. Having been in my eightyear hiatus within semi-retirement, I had to humbly decline, unsure about whether or not the incumbent CREBA leadership would be willing to accept, or at the very least be interested.
As the country’s largest umbrella organization of stakeholders from the allied industries of housing, construction, and real estate development, I was even in doubt CREBA was the right partner given NAR’s membership nature and dominant composition.
As NAR enters a new age after a century in existence, however, it redefined its position to include all kinds of professionals engaged in all aspects of the real estate business and profession.
This gradual shift in practice, already prevalent in Brazil, Japan and other countries, galvanized CREBA’s role as the exclusive steward of the NAR name and programming, with the unique authority to protect the use of the REALTOR® trademark and brand name in the Philippines.
In the presence of His Excellency Vice-President and Housing Czar Jejomar C. Binay in January 27 of this year, the CREBA entered into a long-term bilateral accord with the NAR – the “voice for global real estate” representing over 1.3 million members in the United States as well as in 60 countries across the globe. This confers on CREBA the distinction as the only NAR Cooperating Association in the Philippines.
To implement our side of the partnership, the CREBA-NAR Global Real Estate Council was created. It is led by Evangeline A. Yia as chairman, Domingo D. de Vera as vice-chairman, with Dr. Mary Gaw So, Josephine A. Cortez, Daniel R. dela Cruz, Avelina P. Acuna and Robert Marie C. Sy as members. Julius G. Topacio serves as vice-president for Global Real Estate Alliances.
Barely three months after the official launching of the membership campaign last March 31, International REALTOR® Membership (IRM) and NAR affiliation in the country rose to more than 350, heralding Philippine membership as the biggest in Asia.
CREBA led a series of oath taking rites in Manila, Cebu and Cagayan de Oro City in the presence of the NAR President’s Liaison to the Philippines, Asuncion “Shonee” Henry.
NAR-certified IRMs enjoy exclusive use of the distinctive and globallyrecognized REALTOR® trademark and logo, access to the largest online real estate library in the world, a searchable international brokers directory and other tools proven to leverage real estate professionals in international business, among other membership benefits.
Real estate practitioners play a vital role in the social, political, economic development and progress of their respective countries. The NAR-CREBA pact strongly conveys absolute and esteemed commitment to make Philippine practitioners globally competitive in the international real estate community.
NAR views land as a most vital resource. Its “wise utilization and widely allocated ownership will determine the survival and growth of free institutions and of civilizations.”
REALTORS® affirm therefore that the interests of a nation and its citizens require the highest and best use of the land and the widest distribution of land ownership.
Peaceful and prosperous times or otherwise, real estate activities always provide a safe enclave for investments. If we are to keep investors’ confidence, we must finally get through the walls that divide the sub-sectors of the industry, bury the past and look forward to a future for Philippine real estate that is brimming with potential, speak and act promptly – but in unison.
The NAR concept of alliance and partnership makes all of us live in anticipation that the local industry can move beyond its boundaries and carve a niche in the global community.
1016 Residences is a high-end residential condominium project co-developed by Ayala Land, Inc. and Cebu Holdings, Inc. Carrying the Ayala Land Premier brand, the development promises to deliver an exclusive and distinctive living experience.
Condo in Philippines
PRICE: Php 10M to Php 40M
1016 Residences is located centrally at Cebu Business Park. It is a short walk from the city’s premier retail and entertainment hub, the Ayala Center Cebu, and is directly connected to the exclusive City Sports Club Cebu – giving residents an endless array of facilities and amenities for shopping, recreation and business. Its convenient location is balanced with space and luxury through carefully planned and designed spaces which take advantage of scenic views of the sea and the mountains and open up opportunities for open spaces even on the upper floors.
The 1016 Residences shall only have 109 residential units available for sale, all which are prime corner units. A 27-storey Bldg, of which 23 floors are for residential use and there are only 6 units per typical floor.
1016 Residences shall stand on approximately 2,400 sqm parcel of land in Cebu Business Park, 900 sqm of which shall be used as the buildings footprint and shall be efficiently used for landscaped parks and private gardens.
The lifestyle of the residents 1016 Residences is chareacterized by luxury and convenience with generously spaced units and common areas and a wide array of business, retail, and recreational amenities given the project’s proximity to Ayala Center Cebu, Mariott and the City Sports Club Cebu.
LANDMARKS accessible from 1016 Residences:
* Ayala Center Cebu
* Cebu City Marriot Hotel
* City Sports Club Cebu
* Educational Institutions:
——– University of Southern Philippines
——– University of the Philippines
——– San Carlos Seminary
* Asiatown IT Park
* Department Stores and Groceries
——– Rustan’s Fresh
——– Metro Gaisano
* Museums/Performance Arts/Art Galleries
——– Grand Convention Center
——– Waterfront Hotel in Lahug
——– Carmelites Monastery
——– St. Joseph Church
——– Redemptorist Church
——– Lexmark Plaza
——– Cebu Holdings Center
——– Keppel Center
——– WTC Tower
——– Insular Tower
——– Pioneer Building
* Fitness Clubs and Spa
——– Fitness First
——– Holiday Gym and Spa
——– The Spa at Cebu
* Dining Experiences
——– The Terraces, Ayala Center Cebu
——– Cebu City Marriott Hotel
* Medical Institutions
——– Chong Hua Hospital
——– Cebu Doctors University & Hospital
——– Perpetual Succour Hospital
Units Available at 1016 Residences:
The 2-bedrooms are sized in the range of 98sqm-101sqm, with 1 appurtenant parking slot. The price range with VAT is approximately PHP 10M – PHP 40M.
The larger 2 bedrooms at the side of the building is 101sqm exclusive of balcony size at 3-5sqm. It’s available for the 2nd to 20th floors. Some features: a king-sized bed can be accommodated in the Master’s Bedroom; a True or Juliet balcony alternates in every floor.
The typical 2 bedroom is at 98sqm exclusive of balcony. It’s located on the 3rd to the 20th floor. Balconies alternate between floors.
The 3-bedrooms are sized at 131sqm with 2 appurtenant parking slots. The price range is approximately PHP 16.8M – PHP 25.7M. It is located at the 3rd to the 20th floors.
Special Units of 1016 Residences
The special 3-bedrooms are sized at 184sqm-229sqm, with 2 appurtenant parking slots. The price range is approximately PHP 28M –PHP 45M.
There are 2 special garden units. One of which will be a bi-level unit with 187sqm of liveable space, it also features an exclusive garden for the owner’s use. The other one shall have a private patio overlooking the landscaped garden.
There are 2 special 3 bedroom flats with a large private terrace, perfect for functions and parties. The living area is 184sqm while one unit’s terrace is at an indulgent 87sqmm while the other shall be 31sqm.
There are two 3 bedroom bi-level units, two of which will have a roof deck. The livable area is a large 195sqm to 197sqm of space. These units shall be located in the 21st, 22nd and 24th. The Master’s toilet and bath shall feature a double lavatory.
There are 2 special 3-bedroom flats with gourmet kitchen, and there is one unit with its private roof deck pool at 6×4 meters in size.
Some Notable Features of 1016 Residences:
– Euro grade kitchen with range hood
– Kohler and Grohe Fixtures
– Inverter type Air Conditioning units per bedroom and in the Living and Dining Room area
– 2 Telephone Lines per unit
– A Guest Annunciator with duress
– 100% Back up Power
– Every residential unit comes with Cebu City Sport Complex shares