Fast Selling Condo Investment in NAIA near MOA and Entertainment City

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A Truly Las Vegas-Like Entertainment City, neighbor of Mall of Asia.

Nationally significant historic places were highlighted in each country: overwhelming sceneries, impressive views, and the stunning array of landscapes mark on different places around the world. As the days go by, as tourist destinations in the Philippines became timeless to discover. The influx of tourists arrived, enjoyed and craved for the treasures where else you can’t find. Philippines have its depth blue waters, amazing caves and mountains, captivating and attractive sights of terrains, and endearing vision of the seas.

A historic turning point places at the top of the sea- the Manila Bay. The biggest project of Philippine Amusement & Gaming Corporation (PAGCOR), spearheaded by Chairman Cristino Naguiat Jr. is to establish an Asia’s Las Vegas-like gaming and entertainment complex, the Entertainment City officially named as the “Bagong Nayong Pilipino”. It is 110 hectares are lying at the major cities- Manila, Pasay and Paranaque. The Entertainment City is divided into 7 zones namely: Cultural, Financial, Commercial, ASEANA City, PAGCOR Entertainment City, Centennial City and Asia World. The project is said to initiate an increase ofinvestments from private companies, to be the Asia’s newest tourism and investment capital.

airport

View from NAIA Terminal 3

The Entertainment City is very accessible nearby Metro Manila. It passes along Roxas Boulevard, EDSA, Cavite Coastal Road and Macapagal Boulevard. The availability of Bus Terminals is within the city. Metro Rail is 15 minutes away and goes all along 20 minutes in various points in Manila while 10 minutes away from the Ninoy Aquino International Airport. Future infrastructures projects are LRT Extension Phase 2 all go away to Bacoor, Cavite and NAIA Skyway Phase 2 connecting the Entertainment City to all international airports.

Get captivated to the luxurious hotels and resorts around the Entertainment City. Solaire Casino and Resorts is the first casino complex operated in Entertainment City opened on March 16, 2013. Solaire is a $1.2 billion project managed by executives from five star hotels in Singapore, Macau and Las Vegas. The resort expensive casino area is designed to provide a true Las Vegas gaming experience. Next is the City of Dreams, it is a promising 6.2 hectares world class resort and casino complex. It is a $1.3 billion venture and had a soft opening on December 14, 2014 and its grand opening on January 2, 2015. And Manila Bay Resorts under the Universal Entertainment Corporation with a $2 billion estimated forecast and comprising its 45 hectares land. Manila Bayshore is the biggest integrated resort casino property in the country committed by Casino Mogul Kazuo Okada. Other prestigious hotels undertaking on the next years are: the Resorts World Bayshore, a joint proposal of Philippine Based Alliance Global Group and Genting Hongkong; and the Westside City located next to Bayshore.

The Entertainment City had also its biggest gathering center, shopping malls, business process outsourcing buildings and had its outdoor restaurants wherein San Miguel by the Bay caters a lot of dining options. Mall of Asia is said to be the biggest shopping mall in Asia, the largest business conference and intensifying events assembled at Mall of Asia Arena and SMX Convention Center. Entertainment City meant to be constructed a huge landmark, the PAGCOR Tower measures 2,182 tall. Aside from hotels, casinos, restaurants, commercial and BPO buildings, Entertainment City booms opportunities to generate real estate properties too.

As the Asia’s Newest Investment and Tourism Capital, PAGCOR’s Entertainment City will generate 6000 hotel rooms; and 3.3 million sq ft. casino gaming areas. PAGCOR oversees and expects a million of job when completed.

 

What is the mandate of the HLURB for NAIA Garden Residences

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  1. Complete the project in accordance with the approved development plan and therefore not later than December 2016, and advise buyers in writing of such time frame for development.
  2. Maintain the facilities until their turnover is authorized pursuant to PD 1216.HLURB Licence to Sell
  3. Register the instrument relative to any sale with the Register of Deeds whether or not the price is fully paid within 180 days from execution.
  4. Deliver the title free from the liens and encumbrance to fully paid buyers or if mortgaged redeem and deliver the same within six months from all payment.
  5. Pay the real estate tax assessment on the lot/unit  until the year the tile is transferred to on actual possession/occupation is taken by the buyer.
  6. Refrain from forfeiting payments made by the buyer who suspend amortization after due notice to owner or developer on ground of incomplete development of non-development.
  7. Submit report showing the extent of the project development and changes in corporate officer within 60 days after each semester .
  8. Initiate the organization of home unit owners.
  9. Refrain from levying any fee for an alleged community benefit upon the buyers, and
  10. Comply with other provisions of the pertinent law, rules and regulations.
To get a copy of the NAIA Garden Residences License to Sell issued by the HLURB, please complete the form below.
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Properties surrounding the airports in Manila – its investment potential

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THE AIRPORTS
The Ninoy Aquino International Airport (NAIA) serves as the main airport of the Philippines situated within the city of Pasay and Paranaque. NAIA is the main gateway of Philippines for tourists who want to explore the beauty and fun in the Philippines. It is the center of the international airlines aside from international airports in major metropolitan cities in the Philippines. The name of the airport was coined after the father of the present president of the Philippines, late Senator Benigno “Ninoy” Aquino, who was then fought the democracy of the Philippines from the regime of the Marcos Administration.

A record breaking annual passenger was recorded last year, 2011 making it to more than 29 million passengers – making one of the busiest airports in Asia.

This only indicates that Philippine tourism is active. Investors for real estate, tourism, gaming flux in the Philippines because of the business potential and very promising development within Metro Manila especially surrounding the airports.

NAIA Garden Residences within Manila airports

MANILA BAY DEVELOPMENTS
Last March 2012, Senators want to make sure the compliance of the development along Manila Bay since the constructions started in 2007. The “Las Vegas-style” complex, to be built near Manila Bay, is supposed to feature six-star hotels, gaming facilities, malls, museums, cultural centers, sports arenas, residential villages and theme parks.

It is supposed to boost tourist arrivals and generate new jobs in the country and capture at least 10 percent in the global gaming market, which is estimated at $115 billion annually.

Pimentel said four companies have been granted licenses to build, own, and operate integrated resorts within the comlpex, including Travellers International Hotel Group, SM consortium, Tiger Resorts Leisure and Entertainment Inc., and Bloomberry Resorts and Hotels Incorporated.

Please see the video here for the updates of the construction and the development.

 

 

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If you need assistance on how to invest on properties surrounding the area, please fill up this form or call 218-8637 or 0999.994.0522.
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