Mr Lee Posted December 30, 2009 Posted December 30, 2009 Seems the Philippines on a whole continues to grow and that this area as well as Cebu keeps building, so where is all the money coming from that is driving this boom?Mandaluyong City is riding on a construction boom unseen in years since the global financial crunch.Summing up 2009, Mayor Benhur Abalos said at least P42.25 billion in investments has been recorded largely coming from 13 companies and real estate developers. Link to comment Share on other sites More sharing options...
Jollygoodfellow Posted December 30, 2009 Posted December 30, 2009 Seems the Philippines on a whole continues to grow and that this area as well as Cebu keeps building, so where is all the money coming from that is driving this boom?Mandaluyong City is riding on a construction boom unseen in years since the global financial crunch.Summing up 2009, Mayor Benhur Abalos said at least P42.25 billion in investments has been recorded largely coming from 13 companies and real estate developers. "Investments are given priority in the city as it generates work to thousands of people, especially for residents," he said, adding that in 2003 the locality was named "Tiger City" by the Trade Department. Sycip, Gorres and Velayo's policy center and the Asian Institute of Management Policy Center at the time commended the city for drawing in investments worth P11.8 billion. Abalos said the P42-billion inflow came from 13 big companies and real estate developers of high-rise properties across the metropolis. The clusters are led by SM-Boni Residence, a three-tower, 32-story at the corner of Edsa and Madison Street along with Empire East Land Holdings Inc.'s Pioneer Woodlands, a twin-tower, 32-story, both in Barangay Ilaya. In neighboring Highway Hills are Grand Central Residences, three-tower, 32-story on Edsa corner Sultan Street; Lancaster Suites Tower 2, 28-story, by Pacific Concord Properties Inc.; and Twin Oaks Place, 42-story, by Greenfield Development Corp. on Shaw Boulevard. In Wack-Wack are Sonata Tower, by Robinsons Land Development Corp. on San Miguel Avenue; The Address, a 39-story on Wack-Wack Road; St. Francis Shangri-La Plaza 2; and One Shangri-La Place, 60-story, by The Shang Grand Tower Corp. Addition Hills village has 409 Shaw Tower, 27-story; Plainview boasts Raymond Tower Building, 33-story, on Boni Avenue corner Sikap Street. Not to be outdone, Buayang Bato has Sunshine 100 City Plaza Pioneer, a four-tower, 28-story, on Pioneer corner Sheridan Street while Ilaya has a dominating Robinsons Cybergate Plaza, a 17-story hotel and office cluster on Edsa near Pioneer Street. Abalos, who is also president of both Union of Local Authorities of the Philippines and League of Cities of the Philippines, said "the influx of investors in a city is an indication of the confidence of investors in the local government. Despite the size of Mandaluyong in terms of land area, she was able to prove that it is not a hindrance to prosper and develop." In 1986, Mandaluyong was making P46 million a year which in a decade peaked at P1.38 billion in 2006 then P1.56 billion in 2007. After posting P1.67 billion in 2008, the AIM recognized its efforts in bringing in new vigor to the business climate for multi-national corporations, pharmaceuticals, telecommunication companies and call centers. The institute awarded Mandaluyong the first place in the 2008 Cities of Competitiveness Ranking Project.Link to this story I don't know your answer but where the hell is Mandaluyong ??? Link to comment Share on other sites More sharing options...
Mr Lee Posted December 30, 2009 Author Posted December 30, 2009 Seems the Philippines on a whole continues to grow and that this area as well as Cebu keeps building, so where is all the money coming from that is driving this boom?Mandaluyong City is riding on a construction boom unseen in years since the global financial crunch.Summing up 2009, Mayor Benhur Abalos said at least P42.25 billion in investments has been recorded largely coming from 13 companies and real estate developers. "Investments are given priority in the city as it generates work to thousands of people, especially for residents," he said, adding that in 2003 the locality was named "Tiger City" by the Trade Department. Sycip, Gorres and Velayo's policy center and the Asian Institute of Management Policy Center at the time commended the city for drawing in investments worth P11.8 billion. Abalos said the P42-billion inflow came from 13 big companies and real estate developers of high-rise properties across the metropolis. The clusters are led by SM-Boni Residence, a three-tower, 32-story at the corner of Edsa and Madison Street along with Empire East Land Holdings Inc.'s Pioneer Woodlands, a twin-tower, 32-story, both in Barangay Ilaya. In neighboring Highway Hills are Grand Central Residences, three-tower, 32-story on Edsa corner Sultan Street; Lancaster Suites Tower 2, 28-story, by Pacific Concord Properties Inc.; and Twin Oaks Place, 42-story, by Greenfield Development Corp. on Shaw Boulevard. In Wack-Wack are Sonata Tower, by Robinsons Land Development Corp. on San Miguel Avenue; The Address, a 39-story on Wack-Wack Road; St. Francis Shangri-La Plaza 2; and One Shangri-La Place, 60-story, by The Shang Grand Tower Corp. Addition Hills village has 409 Shaw Tower, 27-story; Plainview boasts Raymond Tower Building, 33-story, on Boni Avenue corner Sikap Street. Not to be outdone, Buayang Bato has Sunshine 100 City Plaza Pioneer, a four-tower, 28-story, on Pioneer corner Sheridan Street while Ilaya has a dominating Robinsons Cybergate Plaza, a 17-story hotel and office cluster on Edsa near Pioneer Street. Abalos, who is also president of both Union of Local Authorities of the Philippines and League of Cities of the Philippines, said "the influx of investors in a city is an indication of the confidence of investors in the local government. Despite the size of Mandaluyong in terms of land area, she was able to prove that it is not a hindrance to prosper and develop." In 1986, Mandaluyong was making P46 million a year which in a decade peaked at P1.38 billion in 2006 then P1.56 billion in 2007. After posting P1.67 billion in 2008, the AIM recognized its efforts in bringing in new vigor to the business climate for multi-national corporations, pharmaceuticals, telecommunication companies and call centers. The institute awarded Mandaluyong the first place in the 2008 Cities of Competitiveness Ranking Project.Link to this story I don't know your answer but where the hell is Mandaluyong ??? Mandaluyong City is an up an coming major city in Metro Manila and close to Makati. Seems that the growth is in hi-rise type units which will change the face of the Philippines if it takes off since home ownership is what most Filipinos seem to be about and if they keep building hi-rise units that mostly foreigners would be interested in, I have to wonder who they intend to sell the other 60% to because foreigners can only own 40% of any condo building. Link to comment Share on other sites More sharing options...
TheMason Posted December 31, 2009 Posted December 31, 2009 (edited) Mandaluyong is home to a lot of call center companies. It is also close to Makati and the IT district of Quezon City. As such, it is an ideal location for those employed in the BPO industry in Manila. Personally, its my favorite part of Manila. I like it far better than Makati. If I was going to live in Manila, it would be in Mandaluyong. Edited December 31, 2009 by TheMason Link to comment Share on other sites More sharing options...
Mr Lee Posted December 31, 2009 Author Posted December 31, 2009 Mandaluyong is home to a lot of call center companies. It is also close to Makati and the IT district of Quezon City. As such, it is an ideal location for those employed in the BPO industry in Manila. Personally, its my favorite part of Manila. I like it far better than Makati. If I was going to live in Manila, it would be in Mandaluyong. I like it too but if only I could pronounce it. :541: :wt-hell: Link to comment Share on other sites More sharing options...
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