Author: siamese401

Philippine Realty and Holdings Corp. (PhilRealty), which has 40 years of trusted industry experience, remains committed to building not just developments but communities that enable residents to experience elevated urban living in a safe and comfortable environment.

PhilRealty is known for its concept of “home replacement” that focuses on family living.

Units are designed to ensure everyone can have their personal space for work, study or other recreational activities. It incorporates spacious living in intimate communities that provide privacy and exclusivity in a modern urban setting.

In the coming years, PhilRealty is looking into developing leisure propositions and townships.

PhilRealty’s master-planned projects continue to define high-end real estate development.
The company is gearing up for more innovative and luxurious vertical residential developments to meet the distinctive homeowner’s needs in a dynamic industry.

The company’s success is anchored on its landmark developments that have brought vertical living to greater heights.

PhilRealty pioneered the “home replacement” concept that allows homeowners an “uncompromised living” in a vertical community.

PhilRealty in the late 1980s was one of the first developers to combine the concept of horizontal subdivisions and vertical living in the Philippines through its flagship luxury mid-rise project, The Alexandra in the Ortigas business district.

Its succeeding development, La Isla Condominium, became the epitome of high-end living with 28 luxuriously-appointed apartments at spacious 270 sq.m. to 580 sq.m. cuts, each offering breathtaking views of the city.

Building on the success of these residential projects, PhilRealty has developed Skyline Premiere and The SkyVillas in the One Balete Compound in Quezon City as a prestigious address for homeowners who appreciate luxe living in the comforts of home.

These developments offer tranquility with the laidback charm of the New Manila area and features large cuts, bi-level apartments, kitchens with a service entrance, maids’ quarters with toilet and bath, and utility areas with open-air ventilation.

Units are fitted with top-of-the-line brands such as Canadian Kitchen cabinetry, SMEG kitchen appliances, and Kohler or Grohe bathroom fixtures.

For those who want to experience an outdoor respite, Sky Villa for example has a landscaped garden that offers the rejuvenating feeling of being in wide open spaces. The clubhouse has a swimming pool, fitness center, and a children’s playground to help build that spirit of community.

Read this article on Malaya PH: https://malayaph.com/news_special_feature/home-replacement-pioneer-eyes-more-projects/

With lockdowns in place, companies continue to create policies to allow their employees to work remotely. This means no long commutes, more time with their family, and flexibility in their work schedules. While this setup may have certain benefits, it also poses some challenges for many employees.

For folks who are working from home, it’s necessary to set up a dedicated home office space to help you transition smoothly. Here are a few tips on how to create a healthy and productive work-from-home environment.

Invest on a high-quality computer. A fast and reliable computer should be on top of your list. If you prefer using a laptop, make sure it can compete with the most efficient desktops. A light and sturdy laptop allow you the freedom to work anywhere in your home without chaining yourself to your desk.

 

Use a practical desk and ergonomic chair. A dedicated workspace can help shift your focus to work mode. Just make sure to keep your table clutter-free and organized. A comfortable chair can prevent back pain from long hours of hunching over your computer.

 

Set up a dedicated workspace. Choose a quiet area away from all the noise and traffic in your home. Natural lighting can improve your productivity and enhance your work environment.

 

Establish boundaries. Make sure everyone in your household respects your workspace and working hours. You can add some notes to remind them not to disturb you, especially when you are in a meeting. It’s always best to establish clear communication with your housemates to prevent distractions and disruptions in your workflow.

 

Transitioning to remote work can be challenging. Creating a positive work environment can significantly help you achieve success in your short or long-term remote work.

At SkyVillas and Skyline Premiere, we offer spacious living making it ideal for a work-from-home setup. For more information about our premium properties, visit our website at www.onebalete.com.ph.

 

By: Doris Dumlao-Abadilla
Philippine Daily Inquirer / June 25, 2021

 

Property developer Philippine Realty and Holdings Corp. (Philrealty) has boosted its landbank with the completion of a tax-free asset swap deal that allowed the Lanuza family-led company to take over two valuable vacant lots in Bonifacio Global City (BGC) with a combined size of 3,200 square meters.

In a disclosure to the Philippine Stock Exchange on Thursday, Philrealty announced the completion of the transaction with stockholder Greenhills Properties Inc. (GPI), to which it would issue about 4.18 billion in new common shares from its authorized capital stock.

With Philrealty using its own stock as currency to pay for the two prime lots, GPI will now own a total of 5.93 billion common shares in Philrealty, jacking up its ownership to 65.2 percent from 35.67 percent.
Philrealty said it had already received from the Taguig City’s Registry of Deeds the land titles for the two vacant lots.

The first property is a 1,600-sq-m lot (Lot 1 Block 8) located at the corner of 6th Avenue and 24th Street. The other is also a 1,600-sq-m lot (Lot 4 Block 8) located at 6th Avenue corner 25th Street.

A certification from the Bureau of Internal Revenue (BIR) had been obtained back in 2019 confirming that the transfer of the two vacant lots was not subject to income tax, capital gains tax, expanded withholding tax, donor’s tax and value added tax. The BIR had also issued a supplementary ruling in 2020 confirming the tax-free merger of GPI and its wholly owned subsidiary, Lochinver Assets Inc., which originally held the second lot.

In 2019, the Securities and Exchange Commission approved the doubling of Philrealty’s authorized capital stock to P8 billion divided into 16 billion shares at a par value of P0.50 per share, giving the company leeway to acquire the new lots without using cash.

Philrealty officially exited court-assisted corporate rehabilitation in 2017, becoming the first publicly listed company battered by the Asian financial crisis to graduate from court receivership. It was able to settle all its obligations with all its five creditor-banks through dacion en pago (payment in kind) and by way of cash payments from the sale of assets and real estate inventory. It was also able to fully repay restructured unsecured loans.

The company has since then made plans for a big comeback in the property market. It is currently valued by the stock market at P1.3 billion. INQ

Read more: https://business.inquirer.net/325713/philrealty-secures-tax-free-2-prime-lots-in-bgc#ixzz6z3sAxaz6

We are pleased to present the Company’s achievements and progress in 2019, as well as the exciting prospects for the years ahead.

 

VIEW OR DOWNLOAD THE PDF FORMAT HERE

Philippine Realty and Holdings Corporation (“Philrealty” which is traded in the PSE as “RLT”) saw its consolidated earnings rise by more than 23% in the first half driven by continuing strong real estate sales combined with an effective and tighter lid on expenses.

Philrealty reported a first half consolidated net income of P38.9 Million, higher than the P31.5 Million posted in the same period of the previous year.

The bottom line upgrade was fueled by the company’s real estate sales for January to June of almost P549 Million and an increase in management fees that reached P21.1 Million.

Major cost savings were also realized from the year ago levels as total expenses for the period declined P17.3 Million to P557.6 Million from the over P575 Million recorded in the first semester of 2018.

“We remain very optimistic with our business prospects for the rest of the year especially since we are seeing the economic landscape becoming more and more favourable for consumers with inflation continuing its dip,” said Philrealty President and CEO Alfredo del Rosario. “Such development will surely strengthen the power of their peso and spur greater consumer spending,” he added.

Looking at the company’s balance sheet, RLT’s Total Assets for the first half of 2019 expanded over 4% to P5.2 Billion from P5.0 Billion registered as of end-2018. The increase was realized as the robust sales of the company’s real estate inventories generated substantial amounts of cash and cash equivalents as well as trade receivables. RLT’s
holdings of cash and other cash equivalents assets more than doubled to P193 Million from last year’s P78 Million. Trade and other receivables also increased by over P235 Million to reach more than P1.2 Billion compared to the P1.0 Billion level posted a year ago.

Still on the company’s balance sheet, Philrealty exhibited continuing very healthy liquidity ratio, as its current ratio still improved to 4.3:1 in the first half of 2019 compared to the already excellent 4.1:1 ratio reported as of end-2018 based on RLT’s audited financial statements. The company’s leverage ratio dipped a bit to 0.49:1 as of end-June 2019 compared to what was recorded as of end-2018 of 0.45:1, but the company’s debt-to-equity ratio continues to be very ideal and vastly superior compared to most property development companies.

Premium property development company, Philippine Realty and Holdings Corporation (RLT) achieved strong gains in the third quarter of the year as net income after tax rose 1,725% to P44.5 Million compared to P2.5 Million for the same period in the previous year.

RLT reported gross revenues of P1.004 Billion which is 55% higher than the P647.4 Million recorded in the same period last year. The buoyant sales of real estate and higher rent income were the main drivers of revenue growth in 2018.

Philrealty Chief Financial Officer and Treasurer Edmundo Medrano said, “We are very hopeful that the awareness and the momentum generated by our sales group will spill over to the fourth quarter. Since our real estate inventory is of the truly premium variety, our market is not affected by increases in interest rates. On the contrary, the currently high inflation rates tend to induce high-end property purchases as we have seen in our property sales. Given that bank deposits now are lower than the inflation rate, premium properties become a good hedge against inflation.”

Sales performance making a big difference
RLT reported that real estate sales growth for the first three quarters of 2018 compared to 2017 was recorded at 56%. Top-selling projects for the period were the company’s luxurious residential developments in the Metro – SkyVillas and SkyLine Towers in Quezon City and the Icon Plaza in Bonifacio Global City.

Rental income, which increased by a remarkable 220% compared to 2017, reached P68.1 Million for the period ending September 2018.

RLT’s liquidity and solvency
The Company’s Current ratio has been improving over time. They are at very healthy and comfortable levels peaking at almost 8:1 as of 30 September 2018.

Similarly, the RLT’s Debt-to-equity ratio has remained very conservative. In September 2017, the Company’s financial leverage ratio was at 0.58:1. It improved to 0.45:1 as of end-December 2017. And it significantly got even better as of end-September 2018 at 0.29:1.

The Asset-to-equity ratio of RLT also showed improvements over time. It was at 1.58:1 as of end-September 2017, 1.45:1 as of year-end 2017 and 1.41:1 as of 30 September 2018.

The decreasing Debt-to-equity ratios and Asset-to-equity ratios of the Company clearly demonstrate that the Company’s real estate business is currently being financed in a very conservative manner, with a large proportion of investor or shareholder funding and a small amount of debt.

Other businesses
RLT President and CEO Alfredo del Rosario expressed his excitement on the company’s future growth, citing new development projects in the pipeline: “We are happy with how our basic products are selling at this point.  However, we are bound to surprise the market with the exciting projects that we will be doing in the next few months and years.” Philippine Realty and Holdings Corporation, a pioneer in the real estate industry, is the name
behind high-end property developments like The Alexandra, La Isla, and Tektite Towers in
Ortigas, The Alexis in Pasig, and Casa Miguel in San Juan.

Multigenerational families in the Philippines are moving into homes located in just one building. Here’s why you should consider that too.

These days, empty nesting doesn’t present much of a problem for older generations of Filipinos—not when their children are perching on other branches of the same tree. In fact, more Filipino families are moving into “vertical compounds,” wherein multiple generations live on separate floors or in different units of the same building.

Within the last decade, the number of multigenerational households in the Philippines has nearly doubled. In 2007, a study published in the Philippine Population Review found that 21.4 percent of Filipino families live in households that include children, their parents, and their grandparents.

Viacom Global Insights’ 2017 Kid Power survey, on the other hand, saw the number of Filipino kids living in these types of multigenerational households balloon to 41 percent—well above the global average of 13 percent. This growth in multigenerational households has led to a shift in how families relate to each other and in turn, how their homes are built.

Having a multigenerational household has its downsides, but the benefits prove to outweigh them in the long run. Companionship and support are cited to be the biggest benefits of this setup. When executed right, a multigenerational household can hit the perfect balance between privacy and proximity.

With the recent boom in condominium development in Metro Manila, more Filipino families are opting to live in vertical compounds. It isn’t enough, however, for generations to live in the same building; each family’s home needs to be conducive to their lifestyles.

Neighborhoods like New Manila, for example, tend to be more preferable locations for multigenerational families than those located within or near the metro’s central business districts. These areas are quiet enough to feel like an exclusive village, but close enough to commercial centers and major thoroughfares to connect everyone with what brings city life its unique energy.

According to one New Manila family living in this setup, spacious interiors are also an important consideration. Condominiums like SkyVillas at One Balete, for example, with floor-to-ceiling heights of 3.1 meters and up to 400 square meters in floor space, create a sense of privacy within their homes without isolating them from their parents.

That luxury of space allows them to feel like their respective homes are fully theirs, despite living in the same building. It also gives their families room to grow, just as much as their village homes would.

Perhaps the most valuable change the vertical setup brings to modern Filipino families is that it also strengthens the bond between generations. Picture this: a soon-to-be grandmother is excitedly having a nursery set up in her spacious two-bedroom (132 sqm) club suite so that her son doesn’t have to bother looking for a sitter come date night. He can just head upstairs and drop his daughter off with Lola.

It’s an ideal environment they can live in for decades to come, with several parents looking to pass on their homes to their children later in life.

For Filipino families, this sense of heritage is priceless.

To learn more about SkyVillas at One Balete, click here.

The best homes are places of recreation as much as venues of respite. For those who dream of a living space with all the luxuries that fuel passions and encourage hobbies, creating specialty rooms is definitely a consideration. With a vast space, the home can be so much more than just an accommodation—it becomes a retreat.

1. Play timeless records in the music room.

The music room ideally houses the family’s collection of instruments, which when not in use are displayed as prized possessions rather than stored. Here is where family members also hold small performances and musical numbers for entertainment. For mere music enthusiasts, this room may also be built to preserve vinyl records or CD collections, which are played on excellent surround-sound audio systems for a full musical experience. Preferably, music rooms are soundproofed.

2. Store spirited drinks in the man cave.

Here is where the man of the house can unwind and drink a shot or two. An idea would be to fuse the underground cellar with a bar. Behind the bar counter and shelves of various spirits, wine connoisseurs may opt to have a built-in cellar to store their collection in a controlled environment, free of humidity. If cellars seem too fancy, then the bar could simply include wine coolers.

3. Archive page-turning books in the library.

If you’re an avid learner with books too many to fit on a regular shelf, then a library could be the solution to your woes. Having a home library is an opportunity to experiment with out-of-the-box designs.

Depending on your personal taste and available space, you may seek inspiration from Beinecke Library in Connecticut, for instance, which is inspired by a wine cellar, or from the Library Hall in Prague, which features marvelous hand-painted ceilings. The library may also double as a work or study room for both kids and adults.

4. Nurture the arts and crafts in the “she” shed.

The female equivalent of the man cave serves as a getaway for the matriarch of the family. This haven is where the woman of the house indulges undisturbed in whatever hobby or craft. Some of the most interesting “she” sheds we’ve seen are ultra-feminine tea rooms, beads and crafts spaces, and even a beauty room filled with perfume collections and makeup dressers.

As a hidden space, its interior design need not match the look of the entire house, and may simply take from the liking of the lady of the home.

5. Hold a fun family competition in the game room.

Also known as the entertainment room, the game room provides indoor recreational activities, which can center on large billiards or ping-pong tables. Opt to have arcade games or gaming consoles installed by the side of the room, and the children will never have to leave the house to meet their friends over games.

6. Make the playroom a place your children can look forward to.

For families with smaller children who aren’t quite ready for the activities in the game room, a playroom, lined with cushiony puzzle mats and child-proof features, seems a better fit. The playroom also helps separate the clutter of toys from the children’s bedroom, so bedtime strictly means bedtime.

7. Enjoy a weekend movie night in your very own home theater.

Home theaters are becoming a more common fixture in the house. Hours of family bonding consist of television time, after all, so installing a home theater merely enhances that experience. Deck out the theater with a stellar sound system, remote-controlled light-dimming options, and indulgent armchairs that recline to your heart’s content. A top tip? Make use of a screen projector for the most authentic theater feel.

8. Build a healthier lifestyle by having a home gym.

A gym in the comfort of your own home leaves no excuse to skip daily exercise. The selection of exercise equipment need not be extensive but should contain tools for cardio, strength training, and toning at the very least. Don’t forget to use mats to protect the flooring from the weights, stationary bikes, and treadmills you will be installing.

These specialty rooms are not solely for entertainment, but also for the enrichment of the homeowner’s lifestyle. In order to create a home with these rooms, house hunters should seek a formidable space, large enough to accommodate a place for each passion.

Investing in a property that boasts generous room allotments and ceiling height is the first step in achieving the dream living space. Those convinced can find the answer at SkyVillas at One Balete. The community situated in New Manila promises spacious living quarters in every option, from each of its suites to its penthouses.

Aside from the spacious one-, two-, and three-bedroom suites, SkyVillas at One Balete also has specialty units that range from 300 to 400 square meters ready to be occupied by homeowners looking for a well-lived life. Want to know what it’s like? Click here to take a 360 virtual tour of the spacious SkyVillas units that can easily house the different aforementioned specialty rooms.

specialty rooms