Category Archives: Real Estate Investments

Treasury launches ‘Premyo’ bonds

THE BUREAU of the Treasury on Monday launched its one-year peso-denominated “Premyo bonds para sa bayan” (Premyo bonds) as part of its bid to lure more small investors to government securities.

Here, four players can each win up to P1 million in cash or non-cash prizes such as real estate for as low as P500 in investment.

During the bond’s launch yesterday at the Development Bank of the Philippines (DBP), National Treasurer Rosalia V. De Leon announced that three property developers — DoubleDragon Properties Corp., Vista Land and Landscapes, Inc. as well as Megaworld Corp. — have partnered with the government to offer grand prizes during quarterly draws.

Ms. De Leon said the Premyo bonds are designed to encourage Filipinos to save while contributing to nation building, by reducing the minimum investment “to just P500” from the usual floor of P5,000. The Treasury also made it more convenient to invest by providing the option of applying online. Investors can also acquire the bonds through authorized selling agents.

“Premyo Bond, in small ways hopefully, could demonstrate that, if done right, digitalization of finance offers a gateway to achieve significant inroads towards financial inclusion and payments efficiency,” she said in a speech.

In a disclosure yesterday, Doubledragon said one winner will win a P6-million unit at Hotel 101 Fort in Bonifacio Global City in Taguig City in one of the four draws.

“The Premyo Bonds are a great way to incentivize first-time retail bond investors to try out investment instruments like this as a way for them to optimize and diversify their savings. It is also a great way to support our country and help spur inclusive growth,” DoubleDragon Chairman Edgar J. “Injap” Sia II said in the disclosure.

Under its cash reward tier, a total of P3 million will be raffled off during the quarterly draws where one winner will win P1 million, 10 winners to win P100,000 while 50 winners can win P20,000.

“On every cash rewards draw date, each Premyo Bonds unit shall be assigned a 20-character electronic Rewards Number (“e-RN”) using the Cash Rewards application system,” the Treasury said in a notice.

It added that “a bondholder in possession of multiple Premyo Bonds units may win multiple times.”

In a Nov. 22 notice, the Treasury said that the bonds will be in “scripless form” and will have a minimum required investment of P500 and integral multiples of P500 thereafter. The issue has an initial size of P3 billion but the Treasury has the option to upsize.

“The Bureau of the Treasury has the option to upsize, but our target right now is P3 billion and we can still continue the offering and get a higher volume,” Ms. De Leon said during Monday’s launch.

The debt papers carry an interest rate of three percent per annum to be paid quarterly and subject to a 20% final tax.

While there will be no maximum investment, a bondholder can have a maximum of 20,000 Premyo bond units worth P10 million per selling agent to qualify for the rewards scheme.

Eligible investors for the bond issuance includes individuals who have a local bank account, cooperatives, qualified associations such as nonstock and loans associations as well as trust entities, among others.

The bond offer period runs from Nov. 25 to Dec. 13.

“When subscription has reached a level deemed sufficient by the BTr, the BTr shall announce the termination and closure of the offer period through the BTr Web site or in any electronic financial information providers chosen by the BTr,” it said.

Selling agents for the transactions are BDO Unibank, Inc.; BDO Capital and Investment Corp.; Chinabank Corp.; China Bank Capital Corp.; Development Bank of the Philippines; First Metro Investment Corp.; Land Bank of the Philippines and Metropolitan Bank & Trust Co. — Beatrice M. Laforga

Iligan-based developer to build first township

The Freeman
Ehda Dagooc-July 17, 2019

CEBU, Philippines — Iligan-based company Kinmen Land Developer Inc. yesterday announced to develop a 20-hectare township in barangay Tamiao, Compostela, northern Cebu.

Kinmen Land, which is originally engaged in construction and hardware, decided to utilize its acquired properties in Cebu starting with the masterplanned township project that will be built in 17 phases in the next five to 10 years.

Kinmen Land president and chief executive officer (CEO) Bennett Palang said his company has been accumulating land bank in Cebu for its plan to enter into property development here.

Established in 2005, Kinmen Land Developer Inc. developed Iligan’s The Strip Mall at Pala-o in 2006.

This time, the company is determined to penetrate Cebu starting off with this integrated development project. The township will offer more or less 2,000 house and lot units set in townhouse with garden type, a ranch-setting destination, commercial outlets, and other facilities that will complete the live, work and play cycle.

Yesterday, Kinmen Land signed a memorandum of agreement (MOA) with the project’s execution consulting group, Estates + Frontiers Group, Inc. (EFG) led by Lydwena Eco to conceptualize the over-all masterplan.

EFG will manage the project as well as provide the end-to-end real estate services, from land acquisition, project conceptualization, execution, and sales to after-sales, documentation, project turn-over, and property management.

The sprawling township development is patterned after the successful integrated developments in the country such as the Ayala Land developed Nuvali Park in Sto.

Rosa Laguna, only that it will introduced its own identity.

Initially, Eco said the planning team is looking at dedicating the five-hectare for a ranch-type destination that will have a strip of log cabin diners, glamping facilities, horse back riding, and other leisure activities.

The riverside development is envisioned to be one of the first of its kind township developments in the Visayas.

World-class rice flourishes in Leyte

The Philippine Star
May 19, 2019
Manly Garcia

Thanks to its state-of-the-art technology, a rice processing complex in Leyte has been able to craft first class rice that’s fresh, pesticide-free and aromatic out of the otherwise plain-looking variety that farmers have been used to planting for many years.
In partnership with the Department of Agriculture, Chen Yi Agventures, through its Renucci Rice Processing Center in Alang alang municipality, 24 kilomoters west-southwest of Tacloban City, hopes to develop Leyte into a big rice producer and help improve the lives of the rice farmers here.

The Renucci rice produced by the complex approximates the quality of the more expensive Japanese rice that’s when cooked – either by traditional steaming or by electric rice cooker – exudes the fragrant aroma and gentle, fluffy texture commonly associated with that of freshly harvested rice.

The best part though is that the product was made out of a cleaning-milling-polishing process using the most modern of Japanese rice technology, devoid of any chemicals.
The P1.7-billion company put up by Italian Patrick Renucci and wife Rachel Tan buys freshly harvested palay from farmers at a price higher than those offered by the usual traders. The rice plant initially subjects the tons of palay to a pre-cleaning process to remove grass, stones, stalks and other non-palay grains through a high-pressure segregating activity.

The grains are then brought by tubes and conveyor belts and dried through its computer-controlled drying facilities then cleaned again before these are sent to the milling section to remove the husks and produce the fiber-enriched rice.
These are next subjected to further cleaning and segregation to remove all remaining impurities and by-products (tiki-tiki) before sending all remaining grains to the polishing stage using a combination of heat and pressurized air.
These are next sorted into small, medium and large grains. The last part of the process is the grains cleaning, packing and pouring into 25-kilo sacks or other smaller packaging.

Should there be a surplus of new harvest, the complex stores the grains in its 30-ton capacity silos that are temperature-controlled specifically to maintain the newly harvest freshness of the palay.
At any time of the year, farmers are already assured of a better price for their harvest, even as Chen Yi also provides loans without interest to buy seeds and other farm inputs.
The Tan-Renucci couple used to be investment bankers in Europe yet decided to focus their managerial and financial expertise to help the Philippine government and the agriculture sector develop this approach for effective food security for all, most particularly the rice farmers.

They subscribe to the philosophy that farmers deserve better opportunities for growth including having access to nutritious food, particularly rice they themselves produce.
“And paying the right price for their produce ia surely a step in the right direction,” company officials said.
This early, traditional rice traders feel threatened as Chen Yi’s approach may have long-term effects on their hold on the rice farmers. For one, farmers may now readily sell their fresh palay even with still high moisture content to Chen Yi, which immediately sends its mechanical harvesters to the farms to harvest and thresh the produce in a day’s time.

Before the advent of the Chen Yi technology, farmers had to hire farm hands to harvest the palay for days aside from drying the grains under the sun for days which can get interrupted by sporadic rains.
To compliment the processing complex, Chen Yi also has a fleet of tractors, transplanters, harvesters and trucks. It intends to acquire more to hit its 2,000 hectare-production area target next year.

Siquijor Beach Lot For Sale

Paliton, Siquijor Island

This beach lot has many plus:

  1. clean title
  2. clear access road from the main highway
  3. access to water supply
  4. 40 meters waterfront, west side facing marine sanctuary and Apo Island, rich coral reefs famous divers worldwide
  5. next to a developed  resort already- beside Danish Lagoon Resort-The Boracay of Siquijor

Total lot area:  9,100 square meter  Net of Road Access

PRICE:  Php30Million  Negotiable

 

Industrial Parks: Next wave of real-estate boom

BusinessMirror
February 13, 2019
Amor Maclang

AGRICULTURE is a key contributor to the Philippine economy. However, when compared to some of our Asian neighbors, our agricultural industry falls behind, especially in terms of quality processing, manufacturing and exportation.

For the Mindanao region, falling behind represents a huge untapped opportunity to advance the country’s agro-business sector. Mindanao is the country’s fruit basket after all. The Davao region, specifically, is a key exporter of various agricultural products such as banana, abaca and rubber.

With 16 percent of the 2019 national budget heading toward Mindanao, the government is clearly prepping the south of the Philippines for economic growth. But how can the agro-business sector benefit from the growing Mindanao economy?

A premier agro-industrial park

FOR the Anflo Group of Cos., which includes Tagum Agricultural Development Cos., Inc. (Tadeco), Davao International Container Terminal (DICT), Pearl Farm Beach Resort and Damosa Land Inc., the solution is simple: enable access to and support the integration of agricultural materials and processes. The conglomerate is offering their solution through the newly developed Anflo Industrial Estate Corp., a premier agro-industrial ecozone in the Davao region. AIEC is a 63-hectare park that houses industrial lots and ready-built factories that international and local processors and manufacturers can either purchase or lease for five to 25 years.

“We received our Philippine Economic Zone Authority [Peza] accreditation by 2015 and started building the park itself in 2016,” said Ricardo Lagdameo, vice president for Anflo’s real-estate arm, Damosa Land Inc. “We felt that the economy was right and that it was necessary to diversify the types of businesses in the region. The Davao region is known for fresh fruit production and export, but today we believe that the heft of the growth opportunity will be in manufacturing, especially as this relates to agro-industrial manufacturing.”

AIEC is built and zoned to boost industrial development. Unlike many industrial parks in the country, AIEC is located within walking distance to an international container port. It is also only 40 minutes away from an international airport. “We are providing a space that has complete infrastructure, security, unparalleled location and access to a world-class container terminal. We have also planned infrastructure for the future—wide roads, sewerage treatment facilities, 24/7 security and commercial amenities to service the workers in the park,” said Lagdameo.
Benefiting commerce, community and country

A world-class industrial park in Mindanao benefits many stakeholders. For agricultural processors, an organized industrial park makes for an efficient business setup. Since AIEC is registered under the Peza, locators also receive tax incentives.

The agro-industrial zone also represents income for the community. Mindanao is home to almost one-fourth of the Filipino population, so the industrial park means major job creation in the region. Being located in the food basket of the country means access to various types of agricultural produce. The Davao region is known to be the leading producer of bananas, pineapple, cacao and coconut. Local farmers can thus benefit as the park brings together ready buyers of harvest. For example, AIEC’s locators include a saba processor and a banana chip manufacturer. “In five years, AIEC will be a bustling community with 4,000 to 5,000 workers, a place for farmers to sell their produce, and a driver for growth in the region,” envisioned Lagdameo.

Moreover, AIEC’s developers are part of a conglomerate that has been doing business in Davao for almost 70 years. This places AIEC apart from other industrial parks in the Philippines and in direct competition with international counterparts. According to Lagdameo, “Foreign investors look at how easy it is to do business in a country before investing in it, as well as how secure it will be for the next years to come.” And AIEC is designed to pull foreign investments into the Philippines and drive global economic competitiveness.
The global interest in AIEC

There is already demonstrable global interest in the premier agro-industrial zone. AIEC’s growing list of locators includes at least four nationalities—Filipino, Dutch, Chinese and American. Some notable locators include Del Monte Fresh Produce (stores packaging materials for their fresh fruit exports) and First Panabo Tropical Foods Inc. (processes frozen turon and saba for export). United Good Harvest (processes dried banana chips for export) is also set to begin its operations within the first quarter of this year.

“Most of our locators are involved one way or another in agri-business. Aside from food processing, we signed on a pallet manufacturer that services the needs of plantations, a company that produces packaging material for fresh fruit exporters, and a foam manufacturer which supplies material for packaging, as well. We also seem to be at the positive end of the ongoing trade war between China and the US. A number of Chinese companies are setting up in AIEC in order to be able to continue exporting to the US from the Philippines” explained Lagdameo.

In total, 65 percent of AIEC’s first phase of lots and ready-built facilities have already been leased or sold. Currently, the park is receiving multiple inquiries for the remaining 4 out of the 15 ready-built facilities that have been established. Several more units will also be constructed this year to accommodate the demand.

“What we’ve seen on our end is that locators want to come in quickly. Hence, we will be building our more ready-built facilities for locators to choose from.”

However, the current capacity represents only one of four phases of AIEC. In the next two years, AIEC will roll out two additional industrial phases and one commercial phase. Plans to place a cold-storage facility are also in the works. With major expansion in the pipeline, AIEC will certainly serve as an international business gateway for Mindanao and the country.

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