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Macao Fashion Festival 2019 | Hanz Coquilla raises PH Fashion high in Macau

November 8, 2019

A Cebuano designer has been raising high the Philippine’s colors in fashion for the past three years in Macau, China. I was fortunate to be part of the Cebu Pacific Fam Tour for VisMin Media to witness Hanz Herzl Pableo better known by his Nom de la mode  Hanz Coquilla showcase his Hanz Coquilla Alta Costura Spring/Summer 2020 at the Florence Hall of the Venetian Macau Hotel and Casino last 19 October 2019. Hanz told us it was his third year to participate in the Macao Fashion Festival but his first time to be featured in a Brand Show. Described as “Classic. Elegant and Exquisite” in the Macao Fashion Festival 2019 magazine, “Hanz Coquilla Alta Costura is Hanz Coquilla’s longest running line and has been favored by personalities to celebrities since its debut 10 years ago. A perfect marriage that combines undertones of minimalism paired with that touch of grandiosity, it is prized for its avant-garde designs inspired by women from her beauty, grace, trials and triumphs.”  “Last year we were invited to open the show for the second time,” Hanz said in our exclusive interview at the Media Room of Florence Hall following the Brand Collection Show 2  where he was featured along with leisure and professional wear maker ANIFA, Macao leisure fashion brand MACON Leisure Home series and Leo Wong’s multi-awarded SOUL for women. Macao Fashion Festival 2019 featured some 20 designers with at least two shows daily on its October 17-19 run with at least two shows daily featuring five designers each show. “Most opening designers are foreigners from Portugal, Hong Kong, Taiwan and Japan, while brand shows usually feature Macanese and Chinese designers,” Hanz notes. “We have found a home here.  It’s amazing how Macau embraces foreign designers, since Macau Fashion Week was mainly created as a showcase for local designers.” However, he admits it is a constant struggle to create a collection especially when he started as an Opening Show Designer in 2017. “Although the Macau government extends special privileges to us, you need to have a portfolio to open the show. We worked hard for it. You need constant communication with the organizers especially considering the limits inherent in the language barrier.” Putting together this year’s 15 piece collection) which he calls his Bohemian Collection proved to be “very tough and challenging.” “You need to cry sometimes to come up with a good collection,” Hanz admits. “Unless I cry over a collection, I don’t quite consider it to be a good one.” Asked which celebrities he would most like to cloth, he named Fan Bingbing, Zhang Ziyi, and Crazy Rich Asians like the ones featured with Michelle Yeoh in the recent hit movie of the same title. Would he be joining Macao Fashion Festival again next year? “Hopefully I’ll be here next year. I would like to make this an annual event as a way of giving back for the hospitality our hosts showed us. Not everyone gets that kind of treatment.”  Besides Macau, Hanz is also in talks to join other Asian shows in Seoul, Japan, Kuala Lumpur, Thailand, and even as far as Boston Fashion Week. “In fact, I received a nomination this summer for World Fashion Week in Paris but had to set it aside for Terno Con. Making it to the final roster is a big achievement already like being passed a key for the future of Philippine fashion,” Hanz quipped/ Terno Con is a terno-making convention and contest that aims to encourage the use of the terno as a popular form of dress, inspire and motivate emerging designers to create designs which are grounded in its history while using a contemporary approach to further its objective of preserving the authenticity of one of the country’s most distinctive ensembles. “No international exposure can equal re-imagining a national treasure like the Terno and the chance of being mentored by our best designers like Inno Sotto as chief mentor, Philip Rodriguez  (Cebu City), Ivarluski Aseron (Metro Manila), and Lesley Mobo (Aklan). “ Not the least, Hanz expressed his profuse thanks to Cebu Pacific which sponsored his flights to Macau for the festival for the second straight year. “It’s never easy to mount a show abroad. Part of the journey makes it fun and lighter with direct to Macau that saves us a lot of money and logistics since we don’t have to pass by Manila.” Cebu Pacific has the most number of flights between the Philippines and Macau, with direct connections from Clark, Manila and Cebu. It's a seamless connection from Cagayan de Oro/Laguindingan to Cebu (or Manila, if one prefers) then on to Macau. You can opt take a day trip or exit via Hong Kong, which is an easy ferry trip or bus trip through the new Hong Kong–Zhuhai–Macau bridge, the world's longest sea bridge. Or fly direct to Hong Kong from Cebu or Manila, take the ferry or bus to Macau, then fly back from there to the Philippines. Hanz Coquilla Alta Costura creates tailor-made designs for that woman who yearns for their very own Hanz Coquilla, with a personalized touch. Contact. Mr. Stevan S. Serneo/ Mr. Hanz Herzl Pableo aka Hanz Coquilla by email hanzcoquillaatacostura@gmail.com/ or theramenboi@gmail.com or visit his Facebook Page Hanz Coquilla Alta Costura to see more of his custom-made suits, gowns, and RTW clothing.

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Golden Reel & SkyCab | Up, Up and Away with Macau’s Skylators

November 8, 2019

“Climb high to see how far you’ve come, climb higher to see how far you have yet to go.”-T.M.   Isn’t it a travel cliché that one of the things a first-time visitor to a place gets to do is find the highest point in the place to enjoy the panoramic vista? Well, I was fortunate to have been one of the Visayas-Mindanao Media invited to a recent familiarization tour of Macau, China by Cebu Pacific and JG Summit Holdings and indeed, we visited not just one but two of the highest points in the Special Administrative Region, the Macau Eiffel at The Parisian Macau and the even taller Macau Tower. However, we were also fortunate to visit another two of the city’s special attractions where the vista was not just merely a high point but moving ones at that, at Macau's glitzy Cotai Strip (the peninsula's answer to the Vegas Strip). The Golden Reel The first of these unique sky sides was the Golden Reel at the Studio City Macau entertainment resort, billed as the world’s highest and first-ever figure-8 Ferris wheel at 130 meters (427 ft). The Hollywood-inspired back story tells how to asteroid crashed through the Gotham City-inspired  main façade leaving a perfectly shaped “8” hole between the resort’s two hotel towers. Suspended from Studio City’s two Art-Deco hotel towers (The Star Tower and the Celebrity Tower), the Golden Reel  features 17 spacious Steampunk-themed  pods, each offering enough space and versatility to host private events. Up to 10 people will fit into each pod and rides last for over 15 minutes, providing passengers with changing views of  Macau and China in the distance.   The Chinese have always considered the number 8 a lucky and auspicious number thus in this gambling mecca whose annual revenues are seven times that of Las Vegas, the astral connection is not lost on the thousands of visitors who flock to its casino hoping to ride their luck on the lucky number. Indeed, as one enjoys the ever changing vistas below as the gondolas go through their 15-minute route, there is plenty of time for the traveler to reflect not only on his impending luck at the tables, but on how his life so far has been an up and down ride with changing fortunes that have not always be lucky, but always leave him with memories he can always to return to for the rest of his life. With its faux Art Deco design, the $3.2 billion casino apes the golden age of Hollywood in all the signature ways — glitzy gambling floors, movie-themed entertainment options, a 1,600 room hotel, with the Golden Reel as the center piece, which has also been described as a gigantic 35 mm film reel in keeping with Studio City’s Macau’s Hollywood  aspirations. You can board one of the wheel's 17 cars (each with space for up to 10 passengers) on the 23rd floor of the hotel. As the ride moves, it snakes around the steel gold circles in a figure-8, similar to the movement of a film's reel. There's no crossover in the middle, however, so it's not a true figure-8. To get a sense of the movement, imagine two number threes facing each other.   Spectacular views of the city and the South China Sea are guaranteed. Bookings can be made through Studio City’s website. Wynn Palace SkyCab Another skylator ride we experienced was the SkyCab at the Wynn Palace Macau, also at the Cotai Strip. The a 10 minute cable car ride skirts along the outside of the Performance Lake just in front of the Wynn Palace property and is unique in that it has two stages. The first one gets you to Wynn Palace and the next one gets you out of it. I had only previously rode on a cable car in Hong Kong and what made the SkyCab unique was that it is reputedly the only cable car that can turn a corner without a mid-station which once you experience it, is a tale that would grow with each telling. As one traveler relates online, “The Wynn SkyCab makes a total of 6 turns with 2 stations because it operates in a unidirectional configuration. You have to be inside one of these to experience the turn which feels a bit like you the way you would at Disneyland sitting in one of the Mad Hatter’s Tea Cups but of course, with turns that are not as sharp and abrupt.” Aside from its unique operating characteristics, the red gondolas are undoubtedly designed with opulence and glitz in mind to match its environment. Two of the system’s towers are built in the form of a golden dragon while the cabins were all equipped with a custom audio system and air conditioning. Despite the advances made in ropeway technology, air conditioned cabins are still uncommon. Cabs have two seating benches for up to six people. The journey is around 4 stories above the ground level, giving you a nice glimpse of the hotel. Rides during the day will be better for photography of the Wynn Palace property. The best times to enjoy the SkyCab would be after noontime just before the fountain show so you can also experience the fountain palabas as you make your way to Wynn Palace. Or you can try taking the ride after 7PM and you can enjoy the fountain show spectacle complete with lights every 20 minutes from 7 am. SkyCab tickets are MOP100 per person and rides are available from 10am to midnight daily. There are two entrance platforms. You can begin the ride directly in front of the Performance Lake at ground level or from the elevated platform at the back of the lake, access from within the hotel complex. These two unique rides offer more than just a way of getting from one point to another. For the next 10-15 minutes, as the traveler goes up and around, the ever changing scenery reminds him how his world is constantly in flux and how the unique vista overlooking a panoramic look of what lies below tells his story in a way only he can understand and appreciate. As the late Anthony Bourdain puts it: “It seems that the more places I see and experience, the bigger I realize the world to be. The more I become aware of, the more I realize how relatively little I know of it, how many places I still have to go, how much more there is to learn. Maybe that’s enlightenment enough: to know that here is no final resting place of the mind; no moment of smug clarity. Perhaps wisdom…is realizing how small I am, and unwise, and how far I have yet to go.” Macau is a great destination for a weekend getaway--easy to fly there as well for us Mindanaoans via Cebu Pacific. Cebu Pacific has the most number of flights between the Philippines and Macau, with direct connections from Clark, Manila and Cebu. It's a seamless connection from Cagayan de Oro/Laguindingan to Cebu (or Manila, if one prefers) then on to Macau. You can opt take a day trip or exit via Hong Kong, which is an easy ferry trip or bus trip through the new Hong Kong–Zhuhai–Macau bridge, the world's longest sea bridge. Or you can fly direct to Hong Kong from Cebu or Manila, take the ferry or bus to Macau, then fly back from there to the Philippines. Voltarei a Macau!

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Ravenstagg puts CDO in Miniatures World Map

October 27, 2019

A Cagayan de Oro based independent artist studio which paints miniatures has placed Cagayan de Oro in the Miniatures World Map, and its clientele is growing. David T. Roa of the start-up indie Ravenstagg Creative Studios said the majority of their art pieces are miniature figures and busts and some collectible figure alternations on the side.   “We work through a home studio. Painting figures is our primary focus but also write.” Dave started painting miniatures for clients some four years ago when he purchased a board game called “Mansions of Madness” "Mansions of Madness" with unpainted miniatures.  “I ended up painting them and it became therapeutic for me. I've been painting ever since.” However, his motivation to paint arose much earlier with his passion for playing games. “I grew up playing games. It did not matter what they were. Traditional Pilipino games, computer games, and board games.” In fact, he was given a bunch of miniatures when they were in high school by a friend who left for the US. “I did not paint them very well and then I forgot about them. “ He initially started painting for local clients but as his skill developed and the quality of his work improved over time he found it was getting more and more difficult to find clientele who could pair a fair wage for them. “So I had a choice: paint lower quality minis to stay relevant in the market, or keep growing and ratcheting up the quality but look for patrons elsewhere.” He chose the latter and initially accepted commissions from Cebu and Manila, then gradually made his way into the international scene as satisfied clients referred him to their friends in other countries. “Now, most of my commissions come from abroad, and most of them are fellow artists (sculptors) who I collaborate with to launch their own art pieces. I'm planning to remove the region lock on our studios page very soon and open it to the rest of the world.” Besides painting of miniatures, Ravenstagg also does Tabletop Terrain painting; 3D printing on demand and output painting.  On top of those, Dave is also a Private Tabletop RPG Session Producer, Facilitator, and Games Master. A visit to his FB Page Ravenstagg Creative Studios features a growing clientele for keycaps but Dave said they’re not Ravenstagg’s bread and butter. “I used keycaps as a means to survive. Since artists aren't paid very well in the Philippines, let alone Cagayan de Oro, I had to find creative ways to make a living. My first keycap commission introduced me to the mechanical keyboard community and I've been getting commission ever since. Most of the time it's a welcome distraction. But it does get tedious at times.” As to keycaps not being their main thing, Dave replies:  “There's a point of contention there. I understand that I NEED to make money to survive. So I DO work at it professionally. But the way I've built myself up and the studio is more to the lines of  Artist first, entrepreneur second. “The therapeutic element is only one of the many reasons I do it. Keycaps range from P550 to 1,550 on average, with custom jobs and more complicated commissions costing more.” “But I'd like to reiterate that keycaps aren't our primary focus, the majority of our art pieces are miniature figures, busts, and some collectible figure alternations on the side,” he added. As to the etymology of the name Ravenstagg, Dave explains: It's a portmanteau of my spirit animal / totem (the Raven) and my fiancé's spirit animal / totem (the Stag). The Raven is a keeper of secrets, a bearer of hidden wisdom, and a guide to those who walk in shadow, The Stag is noble, regal, steadfast, and loyal. “Thought it would be fitting since we both started this venture together. Although I am the main artist who does most of the pieces, she also assists in certain paint jobs, crafts, and quality control/assessment. Interested parties who’d like to get in touch with Ravenstagg Creative Studios can contact them through their webpage.

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The Two Towers of Macau

October 27, 2019

“On a clear day you can see forever.” During a recent familiarization tour of the Special Administrative Region of Macau in China courtesy of Cebu Pacific for Visayas and Mindanao media, we had the special treat of scaling the heights of two of the highest points in Macau. While most Filipinos tend to ignore or overlook Macau, or just opt for a day trip from Hong Kong, the tiny Special Administrative Region of China will surprise travelers with a myriad of food finds, attractions and entertainment options. While Coloane Alto ( Portuguese: Alto de Coloane) in the island of Coloane is the highest natural point at 172.4 meters (560 ft) above sea level, the Macau Tower Convention and Entertainment Centre in Sé, Macau is almost twice as tall at 338 m (1,109 ft) in height from ground level to the highest point. Officially opened in December 19, 2001, the Macau Tower was inspired by the Sky Tower in Auckland, New Zealand which so impressed Macau casino billionaire Stanley Ho Hung-Sun that he immediately commissioned a similar one for Macau. Designed by architect Les Dykstra for the Kiwi engineering firm Beca Group and Gordon Moller of Moller Architects for Sociedade de Turismo e Diversões de Macau, it was started in 1998 and is a member of the World Federation of Great Towers. Its observation deck features views, restaurants, theaters, shopping malls and the Skywalk X, a walking tour around the outer rim. It offers the best view of Macau and in recent years has been used for a variety of adventurous activities. The glass enclosed elevator will zoom you up 223 meters in under 60 seconds as you have an unmatched view of the Macau skyline unfolding beneath you. We enjoyed amazing 360° views from the level 58 Observation Lounge over a “Cafe on 4” coffee, and later savored an international buffet lunch at the Café 360 Revolving Restaurant. Meantime we had a grand time taking photos of the unmatched vistas all around as well as looking at the daredevils who were seriously contemplating their immediate future with at the 61 Adventure Deck and its various sky tracking attractions such as the Skywalk Skywalk, Bungee Jump Bungee Jump , Skyjump and Tower Climb.  At 233 meters, the Macau Tower's tethered Skyjump and Bungee jump by AJ Hackett from the tower's outer rim, is the highest commercial skyjump in the world (233 meters), and the second highest commercial decelerator descent facility in the world (after Vegas' Stratosphere skyjump at 252 meters).  The Tower has routinely been used as a site for staged bungee jumping events, by professional jumpers or as part of entertainment shows. On December 17, 2006, the father of contemporary bungee jumping, A J Hackett, and popular artist Edison Chen broke two Guinness World Records at the Macau Tower. A J Hackett, broke his own Guinness World Record of "The Highest Bungee Jump from a Building" achieved in 1987 from the Eiffel Tower. Edison Chen represented Macau Tower in the inaugural jump to bid for "The World's Highest Bungee Jump Facility". Please call (853) 8988 8656 for bookings or further inquiries. You may also avail of special rates only available  by E-mail: macau.reservations@ajhackett.com or their website. My good friend Toots Jimenez Jr. of The Watchmen Daily in Bacolod had a lot of fun posting photos of him getting ready for the bungee jump but that was actually as far as he got although he continues to get a lot of queries and likes on his FB post asking him about his experience. All in good fun! The entrance fee is $120 -- slightly steep but still reasonable, depending on what you want to do there. The entrance fee gets you to the indoor and outdoor observation decks -- you can get an amazing view of Macau from there. Eiffel Tower at the Parisian Macau The City of Lights, the City of Love. Paris is at the heart of romance, and the Eiffel Tower is at the heart of Paris. The Parisian Macao, and in particular its Eiffel Tower, has emerged to become one of Macau’s iconic landmarks of the city’s skyline. Although there are now over 30 replicas or similar towers around the world (such as a 1:25 scale one at Japanese theme park Tobu World Square and another half-scale replica atop hotel and casino Paris Las Vegas), the Eiffel Tower at the Parisian Macau is special because of its claim as “the tallest and most realistic” half-scale duplicate, and “has been superbly reproduced with every possible detail intact”. More than 4,500 design drawings were made for the tower, to ensure a creation that was as authentic as possible. How closely does the Eiffel Tower Macau resemble the one in Paris? Like Toots, I also teased my FB friends with a photo of me looking really pooped with the tower in the background griping about the 16 hour flight from Macau to Paris, just to see how many of them actually bought that yarn or fact checked the photo. Well, I am still getting likes and comments on that photo relating to the Paris Eiffel Tower to this  day! For the information of interested visitors to Macau, there are only two flights from Europe that actually link Macau International Airport to the Old World. Both are by the seasonal Russian charter airline Royal Flight airlines  based in Abakan, Russia that operates charter services between  Pulkovo Airport an international airport serving St. Petersburg, Russia and Sheremetyevo Alexander S. Pushkin International Airport one of four international airports that serves the city of Moscow, and is the busiest airport in Russia.  Macau’s Eiffel Tower remains a faithful representation of its progenitor in Paris, but utilizes more modern construction advances in its design with a steel structure instead of the original’s wrought iron, and is engineered to withstand the high winds of Macau’s annual typhoon season and the high traffic of Macao’s bustling tourism industry. The tower features many of the ornamental touches of its counterpart in Paris, including ornate detailing such as with over 850,000 decorative rivets (to resemble the functional rivets on the Paris one), cornice scrolls, balustrades, gusset plates, lattices, staircases, and mesh screens around the observation decks. Also like its elder sibling, a light show will spectacularly light up the tower each night. The views from the Observation Decks at Levels 7 and 37 of the half-scale 525-foot Eiffel Tower offers magnificent vistas of famous adjacent hotels like The Venetian® Macao; The Plaza™ Macao, featuring Four Seasons Hotel Macao; and Sands® Cotai Central, and Studio City. You can also get a view of mainland China in the distance. With your ticket, you can climb up to the 7th and 37th floor observation deck and take in the spectacular sights of the city. Stay for the night and catch the light and music show that runs every 20 minutes from 7:30 PM to midnight featuring 6,600 blinking LED lights with bolts of fire shooting from its tip in a staccato rhythm as its backdrop is bathed in an electrifying display of fireworks and pyrotechnics. For bookings and further inquiries, call +853 8111 2768 / +853 8111 2763 The Eiffel Tower at The Parisian Macau is open from 10am to 10pm. Tickets from level 5 at the Eiffel Tower Souvenir Shop. Call +853 8111 2768 or +853 8111 2763. For more information and prices, visit www.parisianmacao.com or read more at https://www.todayonline.com/lifestyle/travel/paris-macau. Macau is a great destination for a weekend getaway--easy to fly there as well for us Mindanaoans via Cebu Pacific. Cebu Pacific has the most number of flights between the Philippines and Macau, with direct connections from Clark, Manila and Cebu. It's a seamless connection from Cagayan de Oro/Laguindingan to Cebu (or Manila, if one prefers) then on to Macau. You can opt take a day trip or exit via Hong Kong, which is an easy ferry trip or bus trip through the new Hong Kong–Zhuhai–Macau bridge, the world's longest sea bridge. Or you can fly direct to Hong Kong from Cebu or Manila, take the ferry or bus to Macau, then fly back from there to the Philippines. Viagem Alegre!

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Friendship and Faith: IDC Support’s Higalaay Festival 2019

September 2, 2019

Higalaay Festival is the annual fiesta celebration of Cagayan de Oro commemorating the feast day of St. Augustine who is the patron of the city and is a month-long celebration from the first day of August up until the end of the month. In this year's event, IDC participated as a major sponsor during the Higalaay Festival in the person of Mr. Giovanni Gusella, IDC's Senior PR Manager Mr. Gusella was invited to be one of the judges during the festival's parade last August 27, 2019. "It was my first time to participate at The Higalaay Street Parade and Floats, and I was quite impressed to see how well organized was the parade with 138 contingents participating among which city's educational institutions, civic groups, fraternities and sororities, establishments and more," said Mr. Giovanni Gusella, IDC Senior PR Manager. From the Bisayan word “higala”, “Higalaay” actually means “friendship”. Thus, Higalaay Festival implies “Friendship Festival, true to being “The City of Golden Friendship”. Higalaay Festival was formerly known as Kagay-an Festival until the year 2014 when the city administration was modified. Italpinas had been partnering with the City Government of Cagayan de Oro since the commencement of its first development the Primavera Residences. It has been IDC's long-standing tradition to support the city in all ways possible.  "It is my pleasure and honor to be a member of the board of jurors, given the unique opportunity of judging the best 3 floats, among the 8 competing floats in this years competition.  The floats were artistically done. All of them tell the story of the rich heritage of the city. I was learning more about the culture of Cagayan de Oro while judging, it was such a unique and enjoyable experience" he added. The “Giant Motorela” Uni Writing Instrument won the grand prize. Motorela came from the word “Caretella” which is one of the most common vehicles right now in Cagayan de Oro now became the face of transport in the city. The Motorela is an iconic Kagay-anon vehicle, invented by Rafael D. Floirendo, Sr . The Motorela roamed the streets of Cagayan de Oro since the 60’s and has became a favorite icon of the city. The second place of the Higalaay float parade is from Support Zebra on their "Giant Oro Fish". While the 3rd place won by the Del Monte Philippines Inc. with their Del Monte’s Pineapple Cannery design.

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JLL Reveals PH Philippine Property Market Will Remain Vigorous for the second half of 2019

August 14, 2019

JLL’s thorough research and expert analysis includes the 2ndQ 2019 Metro Manila and Davao property markets.  And based on JLL’s comprehensive study, the state of the Philippine real estate industry remains dynamic- and poised to attract more investments in the ensuing months.   METRO MANILA PROPERTY MARKET OVERVIEW (2Q19)   OFFICE PROPERTY MARKET  SUPPLY An estimate of 156,100 square meters of office space was added to the total stock owing to the completion of eight (8) buildings, bringing in the aggregate supply added for 2019 to 336,700 square meters of office space. Development completions in 2Q19 are spread in several locations across the districts of Metro Manila within the Cities of Makati, Muntinlupa, Paranaque, Pasay, Quezon and Taguig. The biggest of this development is MWM Terminal Inc.’s PITX Tower 4 in Paranaque City, which spans 19,200 square meter. This is followed by Double Dragon Center West with 17,600 square meters; 100 West Building in Filinvest Makati with 14,300 square meters and SM City Fairview Tower 1 with 12,600 square meters. As of 2Q19, total supply of office spaces from Grade B to A developments approximately totals to 8.1 million square meters of office space with the majority located in Taguig City followed by Makati City backed by the presence of established CBDs – Makati and Bonfiacio Global  City (BGC). The high demand and concentration of office developments has spilled to its fringe areas with the presence of Mckinley Hill and Mckinley West in Taguig City and office developments rising along Chino Roces Avenue and other townships. DEMAND               Metro Manila maintained a manageable vacancy level at 6% amid continuous additional office spaces from development completions. Taguig City holds majority of the office spaces untenanted as majority of the recent development completions are in BGC. Coming in second is Makati City, followed by Quezon City. Offshoring and Outsourcing (O&O) remain as the major demand driver, taking-up approximately 128,100 square meters of office space in 2Q19. For the whole of 1H19, around 181,000 square meters of office space was absorbed by O&O firms. However, there has been a slow q-o-q take-up of office spaces from O&O firms in Metro Manila as they have expanded more in the provinces, owing to the limited PEZA approvals for IT centers especially in Metro Manila. In 2Q19, only two buildings were granted PEZA accreditation with one located in Taguig City and the other in Iloilo City. Moreover, the government’s Administrative Order No. 18 for 2019 imposes prohibition of reviewing and granting PEZA applications for properties located in Metro Manila to allow the creation of more special economic zones in the provinces.  Online Gaming remains the second top office space occupier in the whole of 1H19 leasing a total of 160,000 square meters of office space in Metro Manila with around 119,200 square meters of office space transacted in 2Q19. For the said quarter, a POGO leased a whole building in Quezon City with a Gross Leasable Area (GLA) of 10,400 square meters and also leased significant amount of office spaces in two buildings within Paranaque City. As of June 2019, 56 POGOs have been registered with PAGCOR. Pharmaceutical companies came as a surprise as a major demand driver to leased office spaces in 1H19, taking up an estimate of 45,100 square meters mainly due to their expansions within Metro Manila. Fourth top office space occupier for 1H19 are flexible workspace operators leasing 14,400 square meters of office space in Metro Manila. Major foreign and local operators remain to be aggressive in their expansion plans and are seeking to increase footprint both in CBD areas and secondary business hubs. In 2Q19, WeWork opened its second facility in the country at RCBC Plaza in Makati CBD. RENTS            Makati City remains to have the highest quoted rent mainly due to the presence of Prime Office buildings within Makati CBD. Limited available office supply in Makati CBD, robust demand, and presence of prime office buildings pushed landlords to command higher rents. Next would be Taguig City due to robust space demand in BGC with up-to-date building facilities. On the other hand, buoyant occupancy from online gaming in the Bay Area pushed rental rates further.             Meanwhile, asking rents of developments to complete from 2H19-2022E are close to the range of rents of existing developments with Taguig City leading the higher end of the spectrum due to more construction of Grade A developments in BGC. Buildings that are registered with USA’s LEED (Leadership in Energy and Environmental Design) or the Philippine Green Building Council’s BERDE certifications have been influencing the increase in value of rents due to quality technology and equipment used for buildings to be environmentally sustainable in the long run.   RESIDENTIAL CONDOMINIUM PROPERTY MARKET SUPPLY More than 2,000 units are completed in 2Q19, mostly coming from Makati City and Taguig City. The latter half of the year is expected to deliver around 35,500 units more, recording a peak, should there be no construction delays. Makati City and Quezon City house majority of both existing and future condominium supply. Growth is noticeable in Pasay City in the next three years due to the uptick of investments in Bay City. SM Prime Holdings, Inc. holds majority of both existing and future supply, on the back of being the lead contributor in various cities, particularly Pasay City where more than 90% of the pipeline belongs to the developer. DEMAND Average vacancy rate in Metro Manila is recorded at 2%, with Pasay City and Paranaque City pulling down the rate due to online gaming tenants, while employees and students drive the leasing activities for Makati City and Quezon City. A solid preselling market in Metro Manila is observed, evident from high sales take-up figures of future developments. Paranaque City is lagging behind other districts, primarily due to a large number of available units in a development located in the city’s outskirts. Another demand driver comes from the leasing market. The leasing market for upper-mid to luxury developments source demand from corporate housing needs of expatriate employees of O&O firms, MNCs, and embassies. Additionally, local and foreign high-net worth investors continue to drive the sales market for upper-mid to luxury developments – with the purpose of either renting out the units or flipping them upon capital appreciation. Meanwhile, individuals that make up starting families, young professionals, and upgraders make up the end-user demand profile of mostly mid-range developments.   RENTS AND SELLING PRICES The strong leasing market, driven by expatriate employees, stimulated rents in Makati City and Taguig City, becoming the highest across districts. On the other hand, rents in Pasay City and Parañaque City are influenced by healthy demand from online gaming employees. As far as selling prices go, Makati City commands the highest prices for both existing and future supply, while prices in Paranaque City have continuously gone up, evidenced by the prices of future supply, due to the large interest in Bay City.   RETAIL PROPERTY MARKET SUPPLY               Total existing stock as of 2Q19 stood at 6.5M square meters. Quezon City leads all markets with a share of 27%, followed by Manila City and Pasay City with 13% and 11%, respectively. Forecast supply to add 673,500 square meters (2019E-2022E) with Paranaque City cornering majority of the future stock at 29% (Ayala Malls Bay Area – 192,000 square meters). DEMAND Average vacancy registered at around 3.0%, with Taguig City market posting strong occupancy (at around 98%) and Pasig City having the highest vacancy (at around 8-9%) due to the expansion of The Podium. F&B brands continued to lead the retail demand. Some of the new foreign Food and Beverage (F&B) brands that entered in 2Q19 are Shake Shack in Central Square in BGC, Original Cake in SM San Lazaro, Famous Amos in S Maison, and Taiwan’s One Zo in Promenade Food Court Greenhills. F&B brands that expanded during the quarter include Tiger Sugar, Botejyu, J.Co, Soban, Pound by Todd English and Pho Hoa. Fast fashion brands in the like of clothing and apparel, shoes and bags also dominated the retail market in 2Q19. Known brands that had expansion include Parfois, Charles and Keith, Onesimus, Ever New, Terranova, Superga, and Daniel Wellington. Several skincare brands, especially Korean brands opened in 2Q19. Known brands include The Saem, the Face Shop, and Innisfree. As part of re-entering the Philippine market, Innisfree opened second branch in SM Megamall.   RETAIL RENTS Average rentals range PHP 1,100 to 2,700 per square meter per month.   HOSPITALITY PROPERTY MARKET SUPPLY                 One hotel opened in 2Q19, providing an additional 93 rooms to the total hotel stock, specifically in Manila.  1H19 additions are at 486 rooms, brought upon by Sheraton Manila City and Hotel Lucky Chinatown. 2H19 is expected to bring an additional 4,800 rooms to the market, pushing up stock to over 41,000 rooms. Key hotels are multiple Red Planet hotels, Aruga by Rockwell Phase 3, Dusit D2 the Fort, multiple Seda developments, Novotel Manila, Hotel Okura, and Park Inn North EDSA. Succeeding years look to taper off, with significant increase in stock in Paranaque, Makati, Quezon City, and Taguig. The bay area (Pasay + Paranaque) and Makati take up majority of hotel stock, with future supply still dominated by the three cities.   DEMAND AND ITS DRIVERS Paranaque commands highest occupancy, brought about by strong pull of casino gamers and supplemented by its location near NAIA, pushing occupancy to above 90%. Other areas are seen to have occupancy within the 70 to 80% range. Makati and BGC, meanwhile, remain a strong business/ corporate, as well as MICE destination. In Quezon City, demand is driven mostly by MICE events from local companies and government. ROOM RATES Based on Deluxe room category rates, Manila City and Muntinlupa City hold the largest price per room because of The Manila Hotel and Crimson Hotel. Taguig room rates start at 11,000 because of the more upscale nature of hotels in the city and the profile it commands, specifically in BGC.   DAVAO CITY PROPERTY MARKET OVERVIEW (1H19)   OFFICE PROPERTY MARKET SUPPLY Total supply is at 220,000 square meters. Full take-up is noted for all Grade A/PEZA accredited office spaces except for Davao Finance Center, which was only completed by the end of 2018. A total of 87,000 square meters coming from 7 office building projects is anticipated over the next two years.  Developer share is spread across developers with Plaza de Luisa Development Corporation leading the market with 15% of office stock.     DEMAND Main demand drivers are O&O firms. A slowdown in take up was noted in 2017 and early 2018 due to the declaration and extension of martial law. However, a firm from the O&O industry took up majority of available supply in 4Q 2018. PEZA accredited projects are already fully occupied. Flexible workspaces are noted, with Regus having two offices and Skynora locating in Davao City last 2018. Davao Finance Centre started out slow, but has since reached around 50% in 6 months of operations. Strong office market take-up is anticipated. O&O expansion is foreseen as the main driver moving forward, supported by the large, healthy labor pool of skilled workers in Davao City. There is very high demand for PEZA approved office buildings as current PEZA stock is at 0% vacancy. Upcoming supply is still low and is a good opportunity for developers to take advantage of.   RESIDENTIAL CONDOMINIUM PROPERTY MARKET SUPPLY Total supply at 6,900 units, but is expected to increase to 21,300 units by 2022, driven by continuous expansion of existing residential projects and large pipeline from new entrants in Davao City. Current market leaders are the Ayala group and Filinvest Land Inc. Leader for market share of future units are SMDC with their massive Lane Residences development bringing in a total of 3,700 units. Following them are Filinvest Land Inc. which already has multiple projects and Cebu Landmasters Inc. which is venturing into three township developments. DEMAND Main demand drivers are local HNWIs, with OF Workers purchasing as well. Developments are mostly multiple tower mid-rise condominiums, with high rise condos gravitating towards the stretch of JP Laurel and the Poblacion District. Large jump in residential supply (6,900 units to 21,000 units). Main drivers will still be HNWIs, OF workers as secondary market. Condos primarily for investment purposes, has potential adaptation of condos into condotels/BnBs with the strong hotel sector.     RETAIL PROPERTY MARKET SUPPLY Total stock is currently at 865,000 square meters GFA, dominated by SM Prime, with 31% share and DSG Sons, with 22% share. Cebu Landmasters Inc. is anticipated to bring in two retail malls as part of their announced townships in Matina. Vista Mall is looking to enter the market in Maa, far from the city proper, with 35,000 square meters of GFA. Developments are gearing away from the downtown and JP Laurel areas because of the already strong presence of SM, Ayala, and DSG Sons in the area. LTS Malls Inc. has an upcoming redevelopment project along JP Laurel aAvenue as well. DEMAND                 Main demand drivers are expansion from local brands and locators with existing operations in Davao City. Retail development branching outside of the city proper of Davao City. Developers are starting retail projects outside the stretch of JP Laurel and the downtown area (Poblacion), due to high saturation in the said areas. Investors looking to consider retail developments have potential in the surrounding areas of Bajada, Matina, Maa, and Buhangin are anticipated.   HOSPITALITY PROPERTY MARKET SUPPLY 250 additional hotel rooms from two hotel developments within 1H19. Of the total supply, only 1,097 rooms are 4-Star, the rest being 3-star and lower. Forecast supply to reach 6,000 up to 2022, coming from 3 and 4-star hotels. Major supply is expected in the next two years, with 747 more units set for completion in 2019, due to slippages in anticipated hotel completions within 2018, and 663 units in 2020, dominated by the anticipated completion of the 519-room Hotel 101. Cebu Landmasters Inc. and LTS Malls Inc. have announced plans to put up convention centers in their upcoming projects. DEMAND MICE and Business Travelers are the main market drivers, along with local tourist arrivals. Monitoring tourist arrivals in 2018, the only lean month was in January. There is a healthy hotel sector, providing investment potential from developers and hotel operators. LGU provides MICE incentives. Lower-tier hotels are able to achieve high occupancy because of spillover of demand from hotels with convention facilities. Low growth in 4-star hotel rooms and absence of 5-star hotels are seen as opportunities for developer. LGU is looking for convention centers that can accommodate large events, with SMX convention center as the only one that can accommodate over 5,000 pax. There is also potential in reaching and serving the needs and wants of the growing influx of business and leisure tourists from international direct flights to Davao City to supplement the hotel sector.   JLL continues to be optimistic and excited about the future of the Philippine real estate industry and expects the 2nd half of 2019 and beyond to provide many opportunities for real estate stakeholders, that will surely redound to the country’s economic good.

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