Northpine Land Meets Increasing Demand For Horizontal Development In The South

Wazzup Pilipinas!

As the demand for horizontal developments outside of Metro Manila increases, one of the major players in the country’s real estate industry is focusing its efforts in the South.

For almost 20 years, NorthPine Land, Inc., (NLI) has been building quality yet affordable suburban communities in areas where there is a strong combination of accessibility and opportunity. NLI’s President Alan R. Cruz noted that the South, particularly the CALABARZON region, is one such area.

Mr. Cruz further stressed that, “In terms of accessibility, the South is an ideal place to raise a family, especially for professionals who work in cosmopolitan areas like Makati and Bonifacio Global City. This is why NorthPine Land made a firm commitment to change the landscape of the South to fit people’s lifestyle needs.”

Accessibility to Metro Manila will be further enhanced with the ongoing development of the Skyway extension and other infrastructure projects such as the Intermodal Transport System (ITS), the LRT 1 Cavite Extension and the LRT6 Project, among others.

These infrastructure projects are also expected to significantly decrease rush hour traffic in the near future, providing another reason why establishing a home in the South is such an appealing proposition.

How To Get Started In Office Rentals

Wazzup Pilipinas!

Office spaces are quickly becoming the next attractive investment in Metro Manila’s real estate. Data from Colliers International show that as of the last quarter of 2014, the Philippines’ office market boasts a stock of 6.99 million sqm worth of inventory, which will surge 36 percent to 9.52 million sqm by 2018.

Prices and rental rates of office spaces, especially in the metro’s key central business districts (CBD), are poised to increase over the next year, thanks to healthy demand and tight supply, while vacancy rate is expected to decrease further as more companies (BPOs, corporate offices, and small and medium-sized enterprises) open and expand, providing savvy investors another option to diversify their real estate portfolio.

However, just like any business venture, office rentals have potential pitfalls if one is not sufficiently informed. Global property portal Lamudi Philippines (www.lamudi.com.ph) lists down several steps to get started on renting out office real estate.

PH One Step Closer to Faster Internet Access

Wazzup Pilipinas!

Users will now be able to access government websites faster with the signing of the memorandum of agreement (MOA) between the ICT Office of the Department of Science and Technology (DOST) and telecommunications provider PLDT on Monday, September 7.

The MOA shall signal the tie up between the parties wherein PLDT, shall provide the DOST through the Advanced Science and Technology Institute, (ASTI) operator of PHOpenIX, the country’s first and only neutral Internet Exchange, fiber optic connectivity from PLDT’s Pasig City Vitro Data Center to ASTI; becoming PHOpenIX third Physical connection point, together with Globe’s MK1 in Makati and ASTI in Diliman.

Through the new link between PLDT and PHOpenIX, private networks hosted with PLDT can opt to connect and peer directly to PHOpenIX, allowing for faster access to content hosted on the Internet Exchange’s peered networks.

At the MOA signing, the ICT Office of the DOST also announced the designation of PHOpenIX as the official Government Internet Protocol Exchange (G/IPX) as specified in Administrative Order (AO) No. 39.

Internet exchanges (IX) allow for Internet data to be transmitted between users within a locality to take shorter route through an IX rather than taking a longer route outside the country. Most of the country’s providers are not peered through an IX, which is one of the reasons Internet access in the country is relatively slow compared to its neighboring countries where providers are peered through a neutral IX.