Documente Academic
Documente Profesional
Documente Cultură
Philippines | Research
29 June 2017
Shifting Orbits
The Rise of Satellite Communities
Colliers expects developers to continue pursuing master-
planned communities as these offer a better value
proposition than standalone projects. We believe that the
emergence of millennial workers, who account for about
40% of the country’s labor force and are primarily
employed in BPOs, will sustain the demand for integrated
live-work-play environment. The concept of building
offices, condominiums, malls, schools and hospitals within
one community satisfies the millennials’ demand for
greater mobility and convenience.
reclaimed land;
Redevelop brownfield properties; and
Build flexible office space to
accommodate non-business process
outsourcing (BPO) occupants.
Contents
The problems of Metro Manila ....................... 4
Eastwood City (18.5 ha) 352,500 320,100 9,700 7,600 25,000 25,000 90 90 1,300 -
Rockwell Center (15.5 ha) 62,000 62,000 5,900 4,200 51,000 45,000 400 114 3,600 -
Century City
93,800 - 3,800 3,500 17,000 17,000 - - 1,400 -
(3.4 ha)
Vertis North
120,200 - 4,200 - 47,000 9,000 440 300 11,100 -
(29 ha)
Arca South
200,000 - 2,400 - 103,000 - 270 - 1,500 -
(74 ha)
Circuit Makati
72,100 - 1,300 - 69,000 11,000 250 - - 31,300
(21 ha)
Aseana City
131,800 42,300 1,700 - 257,000 25,000 3,850 1,620 160,400 33,400
(107 ha)
Bridgetowne
127,800 22,700 - - 17,000 - - - - -
(8 ha)
Ayala’s 29-ha Vertis North is being positioned as the Source: Ayala Land
The former Sta. Ana Racetrack is envisioned as the new The presence of large casino-resort operators should
lifestyle and entertainment hub of Makati City. It features sustain demand for office, retail, and residential
an indoor theatre, multipurpose entertainment spaces, developments in this 107-hectare integrated community.
skate park, and open grounds. It features the 170-unit Pixel Residences condominium
that is recording strong take-up among the segment of
The 21-hectare Circuit will feature residential buildings the population that wants to live within the Manila Bay
from Alveo Land and Ayala Land Premier. Three Area and the city centers surrounding it.
residential towers featuring more than 1,200 units have
been launched so far. Take up is strong with about 83% Demand for Makati CBD and Fort Bonifacio office space
of units already sold. should spill over into Aseana City. It will offer a total of
290,000 sq m (3.12 million sq ft) of leasable office space
Its Seda hotel, due for completion in 2018, will add 255 that will mainly target BPOs. Of the total, some 125,000
rooms to Makati CBD’s hotel stock. sq m (1.35 million sq ft) has been completed with BPO
firm One Trilogy Systems and London-headquartered
Its office buildings will offer about 72,000 square meters
maritime service provider V Ships among the tenants.
(774,700 sq ft) of leasable space. Colliers expects these
office buildings to attract a mix of BPO and traditional Aseana City also houses a Blue Leaf events pavilion, a
tenants, especially those looking for available space in popular venue for weddings and large gatherings with a
Makati’s peripheries. capacity of 1,000 guests.
ArcoVia will also have retail and residential components. To the south, we see Cavite benefiting from the
The Filipino concept membership supermarket Landers implementation of rail and road expansion projects which
will open a branch within the township. ArcoVia will be should provide access to properties that could be
supported by a rainwater catchment facility and a redeveloped into mixed-use communities. These
transportation hub. infrastructure projects include the recently-completed
Muntinlupa-Cavite Expressway (MCX) as well as Light
Both Bridgetowne and Arco Via are attractive locations Rail Transit (LRT) 1 Cavite extension, Cavite-Laguna
for outsourcing companies given their proximity to Pasig Expressway (CALAx), and North Luzon Expressway
and Antipolo, Cainta, and Taytay in Rizal Province, a (NLEX) and South Luzon Expressway (SLEX) connector
corridor considered a rich source of BPO talent. road which are under construction.With several
infrastructure and township investments in the pipeline,
2
billion square feet
under management
15,000
professionals
and staff
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help
clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the
International Association of Outsourcing Professionals for 12 consecutive years, more than any other real
estate services firm.
For the latest news from Colliers, visit Colliers.com/Asia or follow us on Twitter: @Colliers and LinkedIn.
The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been
made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are
encouraged to consult their professional advisors prior to acting on any of the material contained in this report.