Bonifacio Global City is emerging as the next premier business district in Metro Manila and may supplant Makati as the premier financial hub, analysts said.
The emerging business district is rife with developments; transactions eclipsing those in Ayala; construction activities robust; supply growing and land prices increasing.
According to David Leechiu, Jones Lang LaSalle country manager, the volume of transaction in Bonifacio Global City is 10 times bigger than transactions in Makati.
For three to six months, PhilRealty, as per the agreement, will develop the master plan of its major shareholders’ 6,400-sq-m lot located near the future site of the Philippine Stock Exchange (PSE) in BGC. The property is comprised of four 1,600-sq-m lots consisting of an entire block that connects the 5th, 6th, 24th and 25th streets in the southern part of BGC. The land will be converted into a prime, mixed-use development that will feature retail, residential, office, serviced apartments and a hotel. Construction of the property will commence by mid-2014 at the earliest.
Over the last three years, with a hushed dedication one would expect from a librarian, Joselito Carpena Jr. has been sending out emails to potential book donors.
His patience was recently rewarded with the arrival in Manila of a 40-ton container van carrying close to 20,000 books.
The second-hand books came all the way from Kansas City, Missouri in the United States, and are set for distribution among the 34 public elementary and high schools in Taguig City, where Carpena currently serves as officer in charge of the main public library.
RePosted by: Jonas Montemayor