Friday, November 30, 2012

Acqua Private Residences’ 5th tower unveiled


ACQUA Iguazu yoo inspired by Starck breaks ground. From left are yoo designer Anastasia Kessaris, Century Properties managing director and head of International Collaborations Robbie Antonio, yoo founder and chair John Hitchcox, Century Properties co-COO Marco Antonio, yoo marketing director Michelle Van Vuuren and yoo head of Design Mark Davison.

INQUIRER - PREMIUM DEVELOPER Century Properties recently introduced to the media the fifth tower of its Acqua Private Residences called Iguazo yoo inspired by Starck.

The project is in collaboration with UK-based design and development company yoo, founded by Philippe Starck, the most revered living designer, and John Hitchcock, international property entrepreneur.

Considered “Prada of the property industry” by UK-based newspaper The Independent, yoo will interior design the P1.3-billion development, its first residential tower project in the Philippines.

3 big events
ARTIST’S rendition of the Acqua Private Residences masterplan with the first five buildings. The Acqua Iguazu yoo inspired by Starck tower is the rightmost building designed with the unique crown and multilevel amenity deck called the Cielo.


Three big events highlighted the introduction to the media of the fifth and the tallest tower of the development to rise within Century Properties’ 2.4-project in Mandaluyong City. What a way to celebrate Century Properties’ collaboration with yoo.!

First was the ceremonial groundbreaking headed by Century Properties officials Marco and Robbie R. Antonio, co-chief operating officer, and managing director and head for international collaborations, respectively. They were joined during the ceremonies by yoo officials led by Hitchcock, head of design Mark Davison, designer Anastasia Kessaris and marketing director Michelle Van Vuuren.

Cognizant of the important role the company’s sales vice presidents play in the successful sales of the four previous Acqua towers, the two Antonio siblings called them for a photo opportunity.

Marco and Robbie took turns in briefing the media about the project. Marco said: “This partnership was forthcoming because Century Properties has consistently worked with the best in real estate. The local market has shown its readiness for branded property, and the international market could not wait to get more of it. They recognize branded developments to be on par with international standards and to be superior in quality. Acqua Iguazu will be such a residence, and one that will offer that rare experience of life as viewed by Mr. Starck and yoo.”

Tradition
According to Robbie, “This project is consistent with our tradition of creating premium developments, life-enhancing spaces and distinctive experiences you have never before encountered yoo inspired by Starck’s design mark in Acqua Iguazu will forever change our view and standards for residential living.”

Starck’s absence was not missed during the event since his video was played where he expressed how very proud he is in presenting “the first yoo inspired by Starck building in your beautiful country and I am very delighted to be a part of this very exciting project.”

He told those who have experienced their designs before are in for another surprising, inspiring and delightful journey.
A CANOPY bed bearing a European design tradition highlights the Culture interior design theme bedroom.


Hitchcock recounted to the media his entry into the international property industry and how he and Starck founded yoo.

For his part, Hitchcock said, “Because these spaces will be a permanent home for a lot of people, we have made our creations unique and very special.”

He was referring to the building’s distinctive crown called the “Cielo.” This multilevel amenity deck will have a gushing waterfall with a swimming pool, a bar, a DJ booth and dance floor, function room, an indoor and outdoor library, a movie room and a dining room.

A cutout of a quote from “The Little Prince” in Starck’s own handwriting will be found in the roof. The Cielo will contain a tribute to the sun and the moon, a spherical design statement.

Officials of the two firms earlier met in Paris to start negotiations for the interior design of the project with Starck ending up to visit the project site.

Attract buyers
Antonio said he is confident the project will attract overseas and local buyers especially those who are familiar with Starck’s household name. The French designer is known for his groundbreaking design and innovative spins on everyday products from toothbrushes to lamps, automobiles and even a yacht.

Antonio need not worry about sales since according to Money magazine “yoo design doesn’t improve the living standard, but adds value and boosts sales.”

Acqua Iguazu will rise more than 50 stories high and will only have about 400 units. Its expected completion date is October 2018. Its name was derived from Iguazu Falls, one of the New 7 Wonders of Nature, which is located where Brazil and Argentina converge. The four other Acqua towers—Niagara, Sutherland, Dettifoss and Livingstone—were all named after famous waterfalls all over the world.

Another tower will complete the six residential buildings that will rise in the entire development which features a rainforest-infused design theme.

Model units
Capping the fifth tower’s unveiling was the media tour of the showrooms containing the interiors yoo is best known for. These are three model units that differ in inspirations.

• Called Minimal, the one-bedroom unit measures 36 square meters. It is described by yoo designers as clean and calm with a modern edge. Glass, metal and concrete are incorporated in the design that has neutral colors. This design serves as a simple start in determining how you want to live. Your tastes and personality are reflected in the decorative items you gradually add to this design.

• Nature. Pure and simple, this design would appeal to those who love to live with fresh air, blue sky and the smell of rising sun. It would also please city dwellers who want to bring the nature into the urban environment. This model unit has a two-bedroom configuration, measuring 79.4 sq m. According to the designers, its colors and materials have been drawn from natural hues: pale, the sun and sea-bleached wood, sand and pebble gray with soft green.

• Culture. Like Nature, this model unit has a 79.4-sq-m two-bedroom configuration. The balcony area ranges from 11.2 to 13.27 sq m. Philippine culture is mixed with Italian. Quite noticeable in the model unit are a chair with a big eagle on top and a chandelier likened to an upside-down flower bouquet whose lights appear as the flowers.

By partnering with yoo, Centuries Properties is expected to get talked about as well as get written about.


For more details on Acqua Private Residences and other Century Property projects, you may contact Reby Ramirez: 0922.883.9308 / 0916.4044.555 / 0919699.3572 or reby_ramirez@yahoo.com.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph

Thursday, November 29, 2012

Century founder bags Asean property award


INQUIRER - Century Properties Group founder and chairman Jose Antonio was cited as the 2012 Real Estate Personality of the Year at the Southeast Asia Property Awards for his work in “transforming the Manila skyline with quality developments.”

Antonio was also cited for his work as “a true industry pioneer” and for “drawing the global spotlight not only to the Philippines but to the entire Southeast Asian region with notable brand collaborations.”

The awarding ceremonies were held on November 21 at the Shangri-la Hotel in Singapore.
Antonio is the second recipient of the award after Ho Kwon Ping, executive chairman of the Banyan Tree Holdings, won it in 2011. The Century Properties founder also received the citations bestowed by the awards to Trump Tower at Century City for the Best Residential Development-Philippines category, and Century Properties Group for the Best Developer-Philippines category.

A firm believer in the growth potential of the Philippines, Antonio founded Century Properties 26 years ago amid the People Power Revolution. Under Antonio’s leadership, Century entered into collaborations with global brands in real estate and interior design, including Versace Home for The Milano Residences, MissoniHome for Acqua Livingstone, Trump for Trump Tower at Century City, yoo inspired by Starck with John Hitchcox and Philippe Starck for Acqua Iguazu and Paris Hilton for the Azure Urban Resort Residences Beach Club.

“I believe that Century’s remarkable competitive strength lies in the passion of its people. This has translated into a proven heritage of innovation and product differentiation. We are committed to not just introduce firsts but also deliver quality projects that help transform Metro Manila as a world-class and cosmopolitan city,” Antonio said.

Jules Kay, managing editor of Property Report Southeast Asia magazine, said of Antonio: “Despite such high-profile developments, as a seasoned property professional he remains focused on quality.”
In his acceptance speech, Antonio said: “Southeast Asia and the whole of Asia is moving toward the center of economic gravity of the world and we are fortunate and excited to be working in this part of the world today, where growth will be the major theme.”

The South East Asia Property Awards (SEAPA) aims to recognize the best of the region’s luxury real estate as well as underscore high-caliber work in construction, architecture, interior design and property management.

The Personality of the Year title is a special award and the only one given by SEAPA for a personality’s outstanding body of work within the region’s real estate landscape. The rest of the SEAPA category titles are given to developers, their projects and other real estate consultants like architects, interior designers and property consultancy firms.

This year’s roster of finalists comprised developers and projects from Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam, with a total of 38 awards handed out in different development, developer and property consultancy categories.


For more details on Century Property projects, you may contact Reby Ramirez: 0922.883.9308 / 0916.4044.555 / 0919699.3572 or reby_ramirez@yahoo.com.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph

Monday, November 12, 2012

High-end developer sees no property bubble


INQUIRER - The Philippine real estate market is nowhere near the bubble of the late 1990s as evidenced by the continued strong demand from end-users, including buyers of high-end condominium units, according to officials of Century Properties Group Inc.

In a briefing, chief operating officer Jose Marco Antonio said the growth in demand for premium high-rise developments—defined as condominium units worth P7 million upward—continued to outstrip the growth in supply in the sector.

“Supply has increased by about 50 percent, but demand has increased by 130 percent,” he said, quoting the results of a recent industry study.

In recent years, Century Properties has become one of the high-profile developers of high-end condominium buildings, due in part to an aggressive marketing campaign that brought in celebrities and designers as marketing partners for their developments. These include ongoing projects like the Trump Tower, a residential development marketed as having been designed by celebrity socialite Paris Hilton, and other buildings made according to the specifications of the Versace, Missoni and Philippe Starck design houses.

Despite periodic reminders by the Bangko Sentral ng Pilipinas to banks to be mindful of their lending activities to property concerns, Antonio downplayed rumors of an imminent real estate bubble, pointing to the prevailing low interest rate regime in the country and around the world.

He predicted that low interest rates, which make it cheaper for condominium buyers to obtain financing from banks, would continue as the developed nations in the West try to revive their stagnant economies.

Antonio pointed out that the high-end real estate market in the Philippines was dominated by only one other firm, apart from Century Properties—Ayala Land Inc.’s Ayala Land Premier. This fact, he said, helped limit supply in the market.

In addition, the Century Properties official noted that the appreciation in prices of both land and condominiums in recent years was nowhere near the rates seen during the late 1990s, just before the collapse of the property market.

“The annual [price] increases of 5 to 8 percent [in the sector] is sustainable and is a long way off the peaks in 1997 for both land and condos,” he said.

On Sunday, Century Properties launched its latest high-end development, the fifth tower of its Acqua Private Residences complex in Mandaluyong City. Antonio said the company would spend P1.7 billion to build the condominium, dubbed “Iguazu” which, at 50 stories, will be the tallest structure on the 2.4-hectare property directly across the river from the Rockwell complex.

He said the company was expected to book some P3.5 billion in revenues from the new building, which was being designed by world-renowned architect Philippe Starck.

All told, the Acqua complex is expected to bring in P15 billion in sales for Century Properties.

For more details on Century Property projects, you may contact Reby Ramirez: 0922.883.9308 / 0916.4044.555 / 0919699.3572 or reby_ramirez@yahoo.com.

For latest information on the Philippine Real Estate Industry and the Real Estate Service Act (RA9646), please visit www.ra9646.com.ph.