Hello Iloilo!

Welcome signage at Iloilo Business Park in front of IBP McDonald’s

“Maayong adlaw” [Good day], as Ilonggos used to say when greeting someone and expressing their daily passion.  It is heartwarming to enjoy a tranquil life in Iloilo. The city is a hodge-podge of both old-world charm, rich history and trailblazing progress, which slowly creates an inspiring impression among tourists and visitors when they come to immerse in Iloilo’s “welcoming warmth.” Looking around, the bustling metropolis is often filled with friendly faces, a deluge of pleasing energy and passion as Ilonggos were known to have such high regard for hospitality.

Moving further into the city, Iloilo unveils a strong balance between the past and the present, its old “queenly” glory and its recent swift developments are forming a feeling of pride and dynamism in the heart of its people. To guide your way in finding love, excitement and fun in Iloilo, here are ways to appreciate the “original queen city of the south” in a brand new light:

Calle Real is a reminder that Iloilo used to be a cosmopolitan city hosting international gatherings of leaders, center of trade and business outside of Manila.

Calle Real, A walk in the Past

Known as one of the oldest business districts in the Philippines, Calle Real still hold the remnants of the city’s glory as the center of trade, business and textile industry with the presence of textile stores, shopping centers, old bistros and shops that defines the reason why Ilonggos love to make business. A pleasant walk in Calle Real will give you a glimpse of breathtaking architectural designs of heritage buildings now being restored by the city government in its full glory.

You can also look around the street for some great items to buy and do the “ayo” [Ilonggo term for asking discount].

There’s only one branch of Roberto’s and their variety of siopao’s are all best-sellers.

Queen Siopao, a heavenly gastronomy

In the far end of Calle Real, one restaurant stands out among the rest is Roberto’s known for its delicious “Siopao.” With only one branch in the city and a long list of old and young Ilonggo customers, people are lining up every day to buy their favorite Siopao. Their most popular gastronomy is “Queen Siopao” known for its humungous fillings of meat, bacon strips, egg and secret ingredients that’s truly mouth-watering and addicting. In fact, it has become the favorite “pasalubong” [keepsakes] of visitors and OFWs when visiting the city. Amidst the popularity of the resto, the family-owned business believes in their passion to serve delicious food and satisfying their customers with one branch than venture in franchising to expand their business. They believe that people would really come if they love what you cook and serve them.

When Ilonggos enjoy the food, they often say “namit” [delicious], signifying that they are indeed food lovers.

The new Iloilo Capitol is now a perfect destination for pictorials and video shoots among art lovers who enjoy a classic facade of architectural designs.

Newly restored Iloilo Capitol

Back in its old glory and form, the Iloilo Provincial Capitol was recently restored by the Provincial Government of Iloilo to preserve the province cultural heritage. Iloilo Provincial Capitol now houses a mini museum inside where visitors and onlookers can look back on the rich history of both the province and the city. In the evening, it is transformed into an astonishing destination where the lights and the building create a nostalgic feeling for Ilonggos. Right across it is the Arroyo Fountain, a symbol of Iloilo’s strong dominance and economic glory from the past. Also, it is used in the past to measure distances of other landmarks and locations in the city.

“Balik ‘ta diri bala” [let’s come back again here], these are usually the expression of Ilonggos when they enjoy the place and couldn’t get enough of it.

Iloilo River Esplanade is a life-sustaining body of water, giving the city a breath of fresh air, beautiful scenery and a place to unwind.

Iloilo River Esplanade, nature and modernity converge

Iloilo City is slowly claiming the reputation as a model metropolis for beautifully sustaining a balance between nature and modern progress through the Iloilo River Esplanade. The nose-shaped river sanctuary that passes through the heart of the city is an ecological wonder and the lifeblood of the people where Iloilo got its name from an Ilonggo term “Irong-irong” [means nose in shape] which was later called Iloilo. It stretches 1.2 Kilometers from Diversion Road (officially Sen. Benigno Aquino Jr. Avenue) to Carpenter Bridge. The project cost P58.7 million and was designed by Paolo Alcazaren, who also designed the Singapore quay and river esplanade. The project now extends from Diversion Road to Jalandoni Bridge. Also, the proposal is underway to extend from Carpenter’s Bridge going to Brgy. Sooc in Arevalo. Today, it is the center of leisure, recreation, healthy lifestyle and one of the most photographed tourism destinations in the city.

Impressed with the scenery? Ilonggos would usually say “katahum” [beautiful] to express their praise for a certain place.

Are you visiting Jaro Cathedral? Just ride a jeepney with signage of Jaro CPU, Jaro Ungka or Jaro Liko and tell the driver to drop your off at Jaro Plaza where the old Church can be found.

Jaro Cathedral, Faith come alive in Iloilo

The center of Catholic faith and devotion in the city is unquestionably the Jaro Cathedral where the annual “Nuestra Senora dela Candelaria” [Our Lady of Candles] is celebrated together with the Jaro district’s fiesta every first week of February. The Virgin Mary image is said to be miraculous that every year it grows and the church expands its protective casing. Devotees flock the church every day to pray and meditate for good health and protection, reflecting the Ilonggos’ heart for Catholic faith. Jaro Cathedral is a breathtaking tourism destination where people enjoy the place and converge with their faith in God.

So, when you come to Iloilo with an Ilonggo friend, they would usually say to you on an early Sunday morning: “masimba ‘ta” [let’s go to church].

MO2 Bar and Restaurant is a complete entertainment complex connected to a disco bar called Ice, Westown Hotel and a Karaoke Bar.

 

The Avenue is a destination where the best and classy restaurants caters to the meticulous taste of Ilonggos.

Night life at Smallville, The Avenue and Boardwalk

Iloilo’s night life escapade is absolutely exciting along the Benigno Aquino Avenue where Smallville, The Avenue and Boardwalk can be found. This is where most of the city’s favorite restaurants, bistros, pubs and discos are located where people can hang-out, bond and have fun. Smallville Complex is the first to get popular in the early 2000s. The Avenue is a classy line-up of local and international bistros, pubs and disco club. Boardwalk located near the Iloilo River Esplanade showcases first-class restaurants and bars where its serene ambiance creates pleasurable moments for diners and visitors.

“Lakat ‘ta” or “lagaw ‘ta” [let’s go out or let’s travel], these are usually the expression of Ilonggos when they ask you for a night out or have a good time.

La Paz Batchoy is slowly becoming a global symbol of Ilonggos’ unique gastronomic creation.

Batchoy, the country’s most favorite noodle soup

The best noodle soup in the Philippines with extraordinary ingredients and condiments has always been claimed by Iloilo’s La Paz Batchoy, a unique delicacy created by Ilonggos after of World War 2. A combination of left-over meats, noodles, chicaron crackers, secret spices and tasteful hot soup originally served in the wet market of La Paz district, Batchoy became a world-famous specialty food by Ilonggos and visitors. In the city, there are various restaurants and signature batchoy eateries that cater to the palate of Ilonggos. From the well-known Ted’s Batchoy, Deco’s Batchoy and many others, visiting Iloilo will never be complete without a satisfying and hot bowl of Batchoy.

For Ilonggos, a bowl of Batchoy is “makabulusog” [fulfilling], enough for a perfect meal.

Richmonde Hotel Iloilo is a first-class business and luxury hotel that opened in 2015 at Iloilo Business Park.

The Courtyard by Marriot, 2016’s most anticipated luxurious hotel scheduled to open in Iloilo Business Park.

The long-stretching Megaworld Boulevard where most of Iloilo Business Park’s biggest establishments are connected in major highway road.

The impressive swimming pool amenity at One Madison Place, a contemporary chic residential tower in Iloilo Business Park.

The Palladium, the tallest residential tower in the region with 22 floors, infinity pool, sky gardens and loft units.

Iloilo Business Park, vision of new Ilonggo lifestyle

These days, Iloilo City is taking a progressive flight with its new found economic glory and developments presented by Megaworld Corporation, the country’s leading real estate developer with its most important and biggest single investment outside of Luzon for a total of P35 billion – the Iloilo Business Park. The 72-hectare old Iloilo Airport property located in Mandurriao District was transformed by Megaworld into a bustling commercial and business integrated township where some of the most prestigious establishments and attractions will be rising soon. Iloilo Business Park takes pride of the newly-finished Iloilo Convention Center that can accommodate not less than 3,700 audiences to see the biggest conventions and events in the country including the recent APEC ministerial meetings last September 21- October 6. Shopping and dining experience will be defined to another level with Festive Walk Mall and Street of Festive Walk set for 2016 opening. The newly-opened Richmonde Hotel Iloilo and upcoming Courtyard by Marriot are ready to provide world-class luxurious accommodation for visitors and Ilonggos. In the next 10 years, 10 BPO Buildings will open in the biggest IT Park in the region. Two of these BPO buildings are already functional which include One Global Center and Two Global Center. Before 2015 will end, two more BPO Buildings will open such as One Techno Place and Two Techno Place. The township will have the biggest commercial and business district where prestigious financial companies and local entrepreneurs will open regional headquarters and businesses. The biggest McDonald’s branch in Panay island is located at Iloilo Business Park near the Festive Walk Mall.

To define a new luxurious lifestyle and introduce “condo living,” Iloilo Business Park has three unique residential towers offering multi-faceted architectural designs and amenities. These three condo towers are One Madison Place, Lafayette Park Square and the highest tower in Western Visayas with 22 floors, The Palladium. Aside the vibrant developments, the township have its own wide roads and bike lanes as part of Megaworld Boulevard where residents and visitors can enjoy healthy physical activities while immersing themselves in the active lifestyle.

For Ilonggos who are coming home, they usually say “puli ‘ta” [let’s go home] because they always believe that their heart is often left at home. Iloilo Business Park is now presenting a new home for Ilonggos where their dream of a serene, exciting, luxurious and vibrant lifestyle awaits them.

IBP’s Stunning Developments

One Global Center, the current operation site of Transcom Asia continues to uplift the lives of Ilonggo call center workforce in Iloilo City. The various facets of this prestigious BPO building energizes the BPO sector in Iloilo Business Park, conceptualized by Megaworld to complete the biggest IT Park in the region. One Global Center is a modern BPO office building located in nearby conveniences and prestigious establishments in Iloilo Business Park. It is located across the Festive Walk Mall and Street of Festive Walk, two commercial centers in the township where sprawling restaurants, bistros, retail shops, boutiques and event centers will create shopping and dining excitement to its call center workers. Richmonde Hotel Iloilo and the Iloilo Convention Center are just a few steps away for those looking for luxury and ultimate leisure. Beside the building is the Bike Lane of Megaworld Boulevard solely intended for healthy lifestyle activities among the visitors and residents like walking, jogging or biking. Working as a call center professional in Iloilo City has never been this exciting with Iloilo Business Park as a township where everything you’re looking for a stylish and desirable lifestyle can be yours. One Global Center as part of the highly-integrated IT-BPO district of the township will continue to provide more than 30,000 jobs in the next 10 years.

SPOOKY PAW-RADE: The region’s biggest Dog Halloween Event at IBP

More than 150 dogs and dog owners participated in SPOOKY PAW-RADE, the first ever Dog Halloween Costume Parade and Fun Match held in front of Richmonde Tower at Iloilo Business Park last October 24, 2:30PM to 7PM. The event started off with a Dog Parade from Richmonde Tower going to McDonald’s IBP. The first-ever Dog Blessing was officiated by Rev. Father Dennis Galon. It was followed by a formal opening program with IBP Marketing Head, Jennifer Ann Palmares-Fong who willingly shared her excitement through a short welcome message.

Rev. Father Dennis Galon officiated the Dog Blessing

Head Dog Trainer, Joseph Jiro Gabasa, event hosts Nancy Enicola and Nanette Bajador

IBP Marketing Head, Jennifer Ann Palmares-Fong shared her words of welcome to all the participants

Mr. Bong Ledesma, an expert dog trainer entertained the crowd with his dog tricks

Dr. Harold Demaisip, judged the fun match and dog conformation 

Expert dog trainer, Bong Ledesma showcased various dog tricks that entrainment the crowd as an intermission performance. Around 5:30PM, the Dog Fun Match and Conformation started off by introducing seasoned veterinarian, Dr. Harold Demaisip as competition judge. The Fun Match and Conformation was divided into four categories such as Puppy, Small Breed, Medium Breed and Large Breed. Pack Leader K9 Dog Training Head, Joseph Jiro Gabasa demonstrated with his dog Connan, a Belgian Malinois on how to train your pets in protecting you against aggression. The highlight of the event is the Dog Halloween Costume Contest and Mini-fashion where dog owners and their pets paraded onstage with creatively scary and colorful attires. Jennifer Ann Palmares-Fong, IBP’s Marketing Head is the sole judge of the Dog Halloween Costume Contest.

IBP Marketing Head, Jennifer Ann Palmares-Fong received her certificate as the sole judge of the Dog Halloween Costume Contest from Joseph Jiro Gabasa

 The event emphasizes Iloilo Business Park as a dog-friendly destination and a township where dog lovers can find a serene place to enjoy a healthy and active lifestyle. The event is co-organized by Megaworld- Iloilo Business Park in partnership with Pack Leader K9 Dog Training and Jaro Dog Lovers. The event was made possible through the following sponsors: Rebadulla Animal Hospital, AsVet, Pomelo T-shirts, Wood Fashion, Gab’s Pizza, Spa Riviera, Dog Full, Lori pet care products, Uratex Foam, Pet Palace and Fil Sonza Photography Studio.

Spooky Paw-Rade Contests Result:

 Dog Conformation and Fun Match

Best in Puppy Category: Maxine, 5-month-old female Belgian Malinois dog, handler: Wewen (dog trainer, Iloilo)

 

Best in Small Dog Category: Yuki, 6-year-old-female mini-pinscher; owner: Irish P. Jeongco

 Best in Medium Dog Category: Shane, 7-month-old female Beagle dog; Handler: Wewen (Dog Tainer, Iloilo)

Best in Large Dog Category: Scotch, 4-year-old-male Bull Mastiff dog; Owner: Am-Am Lorca

Best in Show: Yuki 6 year old female mini-pinscher; owner: Irish P. Jeongco

Best Dog Halloween Costume Contest

Special Award (Spookiest Costume):  Gracie, 7-year-old female mini-pinscher dog; owner: Virgie Tarrigue, costume concept: Cerberus (3-headed dog)

3rd Place:  Yuki, 6-year-old female mini-pinscher dog; owner: Irish P. Jeongco, costume concept: Egyptian God with golden wings

2nd Place: Atticus, 1-year-and-5-month old male Belgian Malinois dog; owner: Santiago Sudaria, costume concept: horse-like dog with ‘tiyanak’ riding on top

1st Place (Best in Costume): Sasshi, 1-year-and-7-month female Chihuahua; owner: Jel Rose Casiano, costume concept: enchanted dog in a dark and scary prom theme

Iloilo: Live + Invest

One of the heritage buildings at Calle Real, photo by Felipe Uygongco

Two words best describes Iloilo City these days: LIVE and INVEST. There is no doubt that this bustling metropolis outside of Luzon is making a spark and a name as the next center of investments, economic affluence and developments, a city of opportunity shaping the future of Western Visayas – Iloilo City.

Named after the nose-shaped river, “Irong-irong,” a Hiligaynon term which later became Yiloilo (as pronounced by the Europeans during the Spanish colonization period) and settled for its modern name Iloilo. A meeting point for international culture, trade and industry during the Spanish and American period in the Philippines, Iloilo is synonymous for its flourishing textile industry and ultimately instrumental in giving birth to the prosperous sugar industry of Negros through its rich elite capitalists in the olden days. It has cemented its claim as the irreplaceable “Queen City of the South,” the only city with such title in the archipelago given by Spain’s Ma. Christina as the Spanish crown’s “most loyal city” and popularized by its influential economic clout in the late 18th century and 19th century.

Top view of Jaro Cathedral Chruch, photo by Felipe Uygongco

The serene ambiance of Iloilo River Esplanade, photo by Felipe Uygongco

Iloilo is synonymous for its sweet and culture-loving people – the Ilonggos, whose passion transcends great resiliency, valor, artistry, optimism and spiritual devotion. Proofs of the city’s intact religious-cultural legacy are the existence ancestral houses, old churches, oldest business district – the Calle Real, age-old Hablon weaving industry, colorful festivals, beautiful clean river and mouth-watering delicacies like Batchoy and Biscocho that define Iloilo as a convergence of eco-cultural-culinary tourism destination incomparable to any other cities in the Philippines.

Dinagyang Festival, Ilonggos’ famous cultural spectacle performed at Iloilo Convention Center during the APEC ministerial meetings this year, photo by Felipe Uygongco

Today, Iloilo City is shedding another side of its eloquence and splendor – its newfound fame as the next vibrant investment and economic prominence creating a synergistic image of globalization, bridging its past glory and its present rise. Life in Iloilo is simple, serene, healthy and stress-free due to its old-world charm, a clean river creating ecological harmony and well-managed urban planning – envisioning a balance between developments and environmental preservation. Investment potential of the city is surging high due to its business-friendly and global perspective programmes, planning and visionary effort between public and private partnership, strong leaders working with its people to pursue the goal of fast-forward thinking and prosperity without neglecting the city’s cultural and ecological resources.

Benigno Aquino Avenue at night, photo by Felipe Uygongco

Megaworld Boulevard by day, photo by Ronelo Ladiao

Iloilo Business Park at night, photo by Marx de Silva

There is another face of futuristic-modern Iloilo that needs to be seen and appreciated not only by Ilonggos but by visitors and investors – the 35 billion investment – Megaworld’s Iloilo Business Park, a 72-hectare business township rising in Mandurriao District where modern lifestyle, recreation, leisure and tourism create a magnetizing appeal for the city. This is where we can find the first biggest convention center, lifestyle mall, the country’s longest shop-and-dine strip, international hotels, luxurious condominium towers, BPO office towers and iconic landmarks that will paint a highly-global destination for visitors and investors. The biggest Central Business District (CBD), an epicenter of finance and commerce will be established here to change the landscape of global business in Iloilo City.

There is no stopping the “city of love” from reaching the top, moving up to a higher ground of affluence and progress, open a gateway of exciting opportunities and making a new mark as a destination to perfectly live and invest. Experience Iloilo NOW through Iloilo Business Park!

Do you need to know more? Visit http://www.iloilobusinesspark.ph or call (033) 330-3465.

IBP Motion Graphics 2015: Visions for Iloilo City

For Iloilo City and its resilient people – the Ilonggos, their love for cultural identity and their beautiful hometown is heartfelt. The old Iloilo Airport in Mandurriao District served as an important gateway to the world and the heart of their sentiments, hopes and dreams. When the airport closed in 2007 to paved way for a much bigger and modern Iloilo International Airport in the Municipality of Cabatuan, happy memories still lingers in this vast area. When Megaworld Corporation acquired the 72-hectare property, they decided to sow the seeds of their dream in Iloilo City by transforming it into a life-larger, business-centered and tourism-friendly township capable of opening global opportunities for Ilonggos. This is where the STORY of Iloilo Business Park started and continues to shape-up that would bring Iloilo in the forefront of prominent developments and surging investment potential.

IT IS THE STORY OF VISION MADE INTO REALITY.  Megaworld – Iloilo Business Park 2015 Motion Graphic tells the story of the old Iloilo Airport from its legacy as the city’s doorway to the world and its “final happy landings,” until its recent transformation as a vibrant business, tourism and lifestyle township, developed by Megaworld Corporation to elevate Iloilo’s economic prominence and Ilonggos’ future Central Business District, a destination for bright opportunities slowly shaping a whole new history. “Live-work-play” in Western Visayas’ largest and most prominent highly-integrated township. Created to spread the great news, we hope you will enjoy our passion to inspire through this visual work of art.

Visit Iloilo Business Park official website: http://www.iloilobusinesspark.ph/, call us at (033) 330-3465 or see for yourself the lifestyle you desire at our IBP Showroom located at the ground floor of Richmonde Tower, 8 Enterprise Road, Iloilo Business Park, Mandurriao, Iloilo City.

Reflecting on Iloilo’s Historical Full Circle

History has always been set to repeat itself. Everything goes on a cycle as we traverse life. Life in Iloilo used to be simple yet beautiful, a once sleepy town turned into a bustling city in 1889 when Spain’s royal majesty Queen Ma. Cristina granted it a special title as the most loyal city during the Spanish colonization era in the Philippines. Moving forward, Iloilo became a bustling city, an international port for textile industry, an attractive destination, center of commerce and trade next to Manila. For the most part of the late 18th and early 19th centuries, Iloilo dominated the trading business, commerce and reached its peak as an affluent metropolis in the Southern Philippines. They say, that a country or a city with a strong connection to its cultural past and heritage can easily attain social and economic maturity because the past bridges the present towards a future of synergistic richness and prosperity.

The stunning Iloilo River Esplanade, photo by Felipe Uygongco

Calle Real, one of the oldest business districts in the Philippines, photo by Felipe Uygongco

The Paraw Regatta Festival held every February is Southeast Asia’s oldest sailboat race, photo by Felipe Uygongco

The magnificent Molo Church and Plaza, photo by Felipe Uygongco

The world-famous Dinagyang Festival, Iloilo’s cultural spectacle performing at the Iloilo Convention Center during the APEC ministerial meetings this year, photos by Felipe Uygcongco

Angelia Ong, Miss Philippines Earth 2015 is a typical Ilongga wearing the world-famous Hablon gown designed by Totong Gellagarin, photo by Felipe Uygongco

An Ilongga exude the natural charisma and passion. Hablon gown designed by Totong Gellagarin and photo by Felipe Uygongco

Looking at the present rise of Iloilo City as an envisioned setting of a strong economic prominence in Western Visayas, investment potential is surging high that paved way for visitors and investors to consider the city as a future business destination. Iloilo remained adamant to preserve its glorious historical past visible through the city government’s several projects that rebuild, revive and promote major historical landmarks including the old Calle Real, one of the country’s oldest business districts. An Eco-centered project such as the Iloilo River Esplanade anchored in the tourism development aspect of the city is making a name as the next most-watched destinations in the Philippines. The people, the sweet-loving Ilonggos and the charming Ilonggas, women of the southern Philippines whose charisma defines passion, true hospitality and soft-spoken nature that creates a welcoming image for Iloilo as a destination of people-centered culture. Visiting the city will tempt you to sink your palate to the countless delicacies and favorite local cuisines such as Batchoy, Biscocho, Pancit Molo, Seafood dishes and a lot more, a long-history of culinary passion preserved through the Ilonggo tradition. Ilonggos are also known as the most colorful people in the Philippines, and probably in the world, visualized through its prominent Dinagyang Festival and Asia’s oldest sailboat race – the Paraw Regatta. Iloilo presents a deep-rooted devotion to the Roman Catholic and well-known as a faith-based pilgrimage city with the existence of centuries old churches in Jaro District celebrating the annual “Jaro Candelaria” and St. Anne Church in Molo District. Central Philippine University is Iloilo’s version of an old American Protestant-founded university emerging as a tourism destination. Prominent infrastructure projects are filling up the “visual imagery” of Iloilo as a city of expanding modern metropolis yet passionate to preserve its past and harmonize with its ecological aspect. Social, cultural, ecological and, yes, spiritual aspects of Iloilo pieces up a puzzle of a ONE beautiful, harmonious, prosperous and progress-driven metropolis, one of the most livable, “next wave” cities in the world.

The 3,700-seater Iloilo Convention Center, photo by Felipe Uygongco

Richmonde Hote Iloilo, the first luxury hotel that opened at Iloilo Business Park this year, photo by Felipe Uygongco

Visualizing Iloilo City on a higher ground of tangible changes, there is one “phenomenal” reason why this city magnetized a lot more investors and visitors to come in the past few years – Iloilo Business Park. Megaworld, the Philippines’ leading real estate developer and BPO office landlord realize the potential of Iloilo as a potential economic center and investment hub. The company invested P35 billion in a 72-hectare property in the old Iloilo Airport  located in Mandurriao District to developed the area into a highly-urbane township intended for business, lifestyle elevation, tourism and create a new destination for pleasure-seekers, tourists and people wanting to immerse themselves in the colorful yet passionate culture of Iloilo. Major shopping center, the longest dining strip in the country, international hotels, BPO office buildings, rising central business district, international-standard convention venue and various points of interests will emerge in this vast, all-expanding, and larger-than-life Megaworld township. Iloilo Business Park is the city’s high-life magnet and newest claim-to-fame in terms of investment credential.

The magnitude of progress, developments, cultural pride, dreams-turning-into-reality, and opening a doorway for global opportunities for this once sleepy yet beautiful city of “many wonders” are coming together, falling into place and rising up as ONE destination we can truly OWN. In the crystal clear waters of the Iloilo River, the present facet of the city’s modern image is reflected like those in the past. It is not about reclaiming a historical title as the original “Queen[’s] City” (owning it or embodying it), it has always been there etched in the deepest recesses of our cultural identity as Ilonggos. We are part of its pieced-up puzzle, full reflection of passion and splendor waiting to make the world see this city sparkle in full brilliance.  Iloilo steps up in full circle. Its history is destined to repeat itself through Iloilo Business Park… OUR OWN STORY to TELL soon.

Dreaming to invest in Iloilo City? call us at (033) 330-3465, visit us online at http://www.iloilobusinesspark.ph  or see for yourself the lifestyle you desire at our IBP Showroom located at the ground floor of Richmonde Tower, 8 Enterprise Road, Iloilo Business Park, Mandurriao, Iloilo City.

Live-Work-Play Defines IBP Lifestyle

Destined to create a lifestyle perspective of “live-work-play,” Megaworld in its 26 years of successful integration of vibrant townships in the Philippines brought their vision to Iloilo City, the next center point of business and investments in Western Visayas. Iloilo Business Park, a mixed-used commercial township rising in the 72 hectare expanding community where first-class lifestyle, commerce, leisure, tourism and landmark destinations creates synergistic developments for Iloilo City. This is where the best and world-class establishments will rise to pave way for significant changes in the Ilonggo lifestyle. Divided into four areas such as recreation, residential, BPO and commercial, Iloilo Business Park is a fully-integrated township where bustling activities and culture converge to define a brand new vision of life in the region.

Live in Privileged Lifestyle

Planned and inspired based on the high-end lifestyle of Megaworld’s internationally-known residential and condominium towers, Iloilo Business Park presented three faces of luxury which include the ultra-sleek contemporary lifestyle offered by One Madison Place, vintage-appeal living perspective showcased by Lafayette Park Square and The Palladium, embodying the mega-luxurious “sky garden lifestyle,” the tallest tower in the region with 22 floors. Simply live in an effervescent, interconnected luxuries and ecologically-centered community, Iloilo Business Park’s future residents and condo owners will experience the “only privileged lifestyle” incomparable to any other real estate developers in the country. Live graciously and enjoy the world-class amenities of condominium towers all in one serene community – traffic-free, spacious roads, bike lanes for physical activities and far away from pollution. Shopping malls, retail shops, longest dining strip, multinational companies, first-class hotels, a convention center and commercial district are just a stone’s throw away from where you are living. These vision sums up a real definition of a “privileged lifestyle” you can share with your loved ones, a future investment worth chasing.

Work Nearby

Megaworld is the biggest and most-recognized BPO Office Landlord in the Philippines by integrating all of these opportunities with their prestigious townships. Iloilo Business Park is envisioned to establish the largest and expanding BPO center, the largest IT Park and destination for bright opportunities in Western Visayas. In the next 10 years, Megaworld aim to provide more than 30,000 jobs and employment to local workforce in Iloilo City and nearby provinces. In 2014, BPO Buildings – One Global Center and Two Global Center were completed to hold the regional offices for call center companies Transcom Asia and US-based StarTek. Two more BPO Buildings are under construction to boost more jobs such as One Techno Place and Two Techno Place. The 9.2 hectare and 10 blocks Boutique Hotel and Commercial District is the location for the rising business setting that rapidly shapes the investment potential of the township. Richmonde Hotel Iloilo and Courtyard by Marriot are two prestigious hotels located in this area will support the tourism industry of the city. The 3,700-seater Iloilo Convention Center is also the center of future international events and conventions. Commercial lots owned by banks, financial institutions and private entrepreneurs will pave way for more businesses and financial opportunities, determining  the establishment of the next Central Business District (CBD) next to Makati and other major metropolises in the country. Professionals and executives living in the township’s residential area will find it easy to look for high-paying jobs nearby, emphasizing a modern metropolitan lifestyle, fully-integrated and pleasurable living experience.

Play, Enjoy and Experience Countless Pleasures

Tourism, commerce and culture are three aspects that Iloilo Business Park will elevate in terms of lifestyle for locals and visitors in Western Visayas. Beyond its economic importance, the township will open various leisure areas and landmark destinations that everybody will surely celebrate in the coming years as a fully-integrated community. Festive Walk Mall, the township’s very own shopping mall and commercial center will feature international known brands, boutiques, retails shops and bistros.Eight world-class cinemas, events center and food court will pamper various entertainment happenings and interests. The Mall Annex is the shopping center’s extended destination for onlookers and visitors. The longest shop-and-dine strip in the country – the Street of Festive Walk will feature the most popular names in the culinary and dining business. Either internationally-known or locally-conceptualized, various restaurants, bistros, coffee shops and food havens, all of these will converge in the Street of Festive Walk to create an international appeal showcasing Iloilo City as the “Mecca” of classy culinary destination in the region. Nightlife culture will never be the same again and will surely boost once these prominent establishments will soon open to the public. These commercial centers are set to have its soft opening and first phase completion in 2016. The biggest McDonald’s in Panay Island is located near the Festive Walk Mall.  Megaworld Boulevard which retained 30% of the old airport runway is not just the main highway interconnecting all the destinations in the township, but anchors the healthy lifestyle concept of Iloilo Business Park to its future residents by having its own Bike Lane and spacious areas for jogging, walking and biking. In fact, it is the lifetime venue for the Iloilo Bike Festival, an annual sports-related national event in the Philippines.

No other real estate projects and fully-integrated townships in Western Visayas that combines bustling business activities, supports the tourism industry, emphasize cultural destinations and promotes highly-anticipated leisure spots comes close to Iloilo Business Park. This is where the high-life begins and a lifestyle for the privileged few where global opportunities are shaped to bring the Ilonggo culture to the world.

Iloilo Business Park means passion to “live, work and play” in unlimited perspective, a definition of a modern, highly-elevated and global-concept of lifestyle in Western Visayas. Live, dream big and invest now!

For more information, call us at (033) 330-3465, visit us online at http://www.iloilobusinesspark.ph  or see for yourself the lifestyle you desire at our IBP Showroom located at the ground floor of Richmonde Tower, 8 Enterprise Road, Iloilo Business Park, Mandurriao, Iloilo City.

Buying Pre-Sell Condo? Here are Wise Ways to do it!

Artist’s perspective – Lafayette Park Square, the vintage-inspired residential tower

Artist’s perspective – The Palladium, the sky garden lifestyle

Artist’s perspective – One Madison Place, the home of the privileged few

Pre-selling properties are those sold to home buyers or investors very early on in the construction process. These are also called “off-plan” properties in other parts of the globe, as buyers are buying nothing more than a plan.

Many property developers offer pre-selling condos to buyers in order to finance the development itself. The customers, on the other hand, as early adopters are rewarded with a discounted price and the promise of capital appreciation once the property has been turned over and, in cases of townships and mixed-use projects, all infrastructures and amenities have been put in place.

But buying a pre-selling property is not for the faint-hearted. For starters, there’s the chance the buyer will get disappointed when the turned-over product looked nothing like the swanky model unit the property agent showed you. It’s like a major Hollywood studio adapting your favorite book into a film, only to discover that the characters did not turn out to be all you imagined them to be.

Then there’s the risk of the place stagnating in a few years’ time. Since the turnover date is 2 or 3 years away, you can’t be sure if your chosen area will deliver that much-publicized capital growth.

How do you protect yourself and your investment then? Here’s a list 8 useful tips when buying a pre-selling condo.

1. Have Some Money for Down-payment

Even if you plan to apply for a bank loan to finance your purchase, you still need to shell out a certain amount for down-payment. Usually this may cost you 20 percent of the purchase price (high-end ones usually require a higher down-payment).

Some developers also require a reservation fee, but this will eventually form part of the down-payment should you decide to push through with the purchase. However, in most cases the reservation gets forfeited if the buyer decides against buying after a certain number of days, so make sure to ask this. In addition, it’s also prudent to have at least an amount equivalent to 5 percent of the purchase price ready for taxes and other fees associated to the purchase.

2. Choose Your Developer Wisely

Some buyers are apprehensive about buying preselling condos because they fear that the finish product may not turn out to be what the sales agent promised it to be. Or worse, the project may not materialize at all. This, sadly, is sometimes true. But it can be prevented by carefully choosing your developer.

This is an easy toss between developers who have just launched their first project and established ones who are generally well-funded, have reputation to protect, and highly unlikely to default.

First-time developers are generally cash strapped and are up against the odds when trying to market pre-selling properties. Hence, they are in urgent need of buyers to help them cover their upfront financial requirements and help ensure the success of the project. When they fail in this, the project will surely not materialize.

Established developers, however, are more financially secure and are highly likely to deliver their promise since they have a reputation to protect. Therefore, it makes more sense to purchase from them.

3. Location Is King (Most of the Time)

They say that the worst house on a good area is still better than the best one on a bad area. The same is true for pre-selling condos. But this doesn’t mean that only those within newly minted townships or mixed-use projects are worth buying. Make sure to research about the area, though. Is it served by good transport links? Is the area prone to flooding? Knowing these things will allow you to plan your purchase accordingly.

4. Get Financing Ready

If you plan to purchase your preselling condo through bank financing, make sure to have your loan approved. The first step to getting your loan approved is to have all the required documents ready, which typically will include credit history, financial statement, bank statements, and proof of income.

In addition, one of the common mistakes many homebuyers commit when applying for a home loan is getting the lowest rate without carefully studying the terms. In many cases very low loan rates are offered only on a promotional basis, and the borrower gets hit with the “real” rate later on. This is often the case when interest rates have been falling for some time. Borrowers should instead focus on a stable rate, not necessarily the lowest, that their monthly can accommodate.

5. Snoop Around

A prudent and resourceful buyer knows the advantage of snooping around before making a major purchase (and house shopping certainly qualifies as one). Before entering into a contract with a developer, do a bit of background check by visiting the company’s website. Know more about the developer’s reputation and integrity first before saying yes to a purchase.

According to Portfolio Property Investments’ Josh Atherton, it will definitely be prudent for the buyer to ensure that the developer is actually commencing the project by visiting the site. Another way to guarantee the developer’s financial status is to have the same written into the contract if possible, to avoid encountering financial complications with the developer. Also ask to see the developer’s balance sheet to determine its financial strength. If the developer goes into liquidation before the property is finished you may lose your deposit and other costs.

Lastly, make sure that the developer has a License to Sell issued by the HLURB for the project it is selling. This can be verified in the HLURB website.

6. Read the Contract

When buying a pre-selling property you’re most likely be coordinating with the developer’s property agents or consultants. Make the most of your interaction with these people by asking the right questions. Sit down with them to discuss the contract thoroughly, and remember to ask questions to determine what is covered as part of the purchase price (fittings, floor coverings, painting, decorating, etc.). Also discuss your expectations for the property with your developer and, if possible, have them written into the contract to avoid disagreement at the completion of the project.

7. Carefully Inspect the Display Home or Model Unit

As you’re buying an as-of-yet non-existing property, carefully inspect the display home or model unit. In most cases these model units are poshed-up versions of the actual property (fancy lightings, decor, and lavish draperies are the usual tricks used to make these more photogenic), so make sure to ask questions as to what type of finishes, fittings, and, in some cases, furnishings are included in the contract.

However, as developers are up against time to complete a project, they usually are given plenty of flexibility in how the project is to be completed. A pre-selling contract will usually stipulate that the property will be constructed in accordance with the finishes and materials described, but as a buyer you should be aware that it also provides the developer the sole right to alter the finishes and materials in certain circumstances, provided the alternatives are of no less quality.

In the case of defects in the turned-over unit, pre-selling contracts normally stipulate that the developer is to remedy any defects identified by you as the buyer, prior to you settling on your purchase so make sure to inspect your property.

8. Carefully Follow Market Conditions

Pre-selling condos are indeed useful for investors because of the promise that these properties’ market value will increase by the time of their completion. But then again, there’s the risk that they won’t. To counter this, make sure that you follow the prevailing market conditions. Real estate consulting firms come up with annual and quarterly data on capital appreciation and rental yields. Prevailing interest rates, on the other hand, can be found in the website of the Bangko Sentral ng Pilipinas. Knowing all these can help you plan your next move.

Investing in pre-selling property is like any other business venture—you have to play your game really well to maximize your profit. One way to help you achieve this is by studying carefully the prevailing market conditions, which, by the way, doesn’t take a rocket scientist to understand. A bit of cunning and a calculator will usually do the trick.

Iloilo Business Park’s residential tower are assured to offers the most prestigious, first-class lifestyle concept and comes in high standard of quality, all encompassing the expectations of condo buyers and clients. One Madison Place, a 10-storey, 3-tower residential tower with great amenities is a reflection contemporary lifestyle. Lafayette Park Square offers classic concept of lifestyle accentuated by extraordinary amenities. The Palladium is the tallest tower in the region with 22 floors, 4 sky garden, infinity pool and the only one with Loft Units in its penthouse level. When buying a condo at Iloilo Business Park, clients will also have exclusive access to the whole township where vibrant pleasures and exciting destination await residents.

Iloilo Business Park – the biggest and most prominent 72-hectare business and residential township in Western Visayas. Photo by Felipe Uygongco

Choose only the country’s leading real estate developer as Megaworld assures you with “Live-work-play” lifestyle vision. Interested to invest? Call us at Call us at (033) 330-3465 or visit us at http://www.iloilobusinesspark.ph. Check out our IBP Showroom at the ground level of Richmonde Tower, Iloilo Business Park, Mandurriao, Iloilo City.

Bank Institutions Secured Lots in IBP’s CBD

Perspective Map of IBP’s Boutique Hotel and Commercial District

The present image of the Boutique Hotel and Commercial District as of October 2015 photo update. Photo by Marx de Silva

As Iloilo Business Park (IBP) continue to transform as the future Central Business District (CBD) in Western Visayas as an investment epicenter with its very own Boutique Hotel and Commercial District, multinational companies and investors keep coming in, giving interest in purchasing commercial lots in the township to secure promising business ventures in the near future.

Megaworld, IBP’s leading developer allocated nine hectares for the entire commercial district. There has been a strong demand from the financial and banking sector to secure a commercial lot in IBP due to its steadfast developments and value. In 2013, Megaworld started selling the lots at P47,000 per square meter. Presently, the commercial lots, which ranges from 611 sqm to 1,735 sqm, are now sold at P70,000 or a 49 percent increase from its old price a few years ago. This 2015, almost eighty percent of the commercial lots have already been sold to financial institutions, multinational companies and local enterprises. Financial institutions and banks are eyeing to establish regional headquarters in Iloilo Business Park to ensure their presence in the fast-growing economy of Iloilo City.

In the coming years, IBP’s Boutique Hotel and Commercial District will be the busiest and bustling area of the township due to massive investments coming in. Hotels, local enterprises, car and furniture companies are looking ahead to put up their own showrooms, regional headquarters and offices in IBP.

Presently, the two most prominent bank and financial institutions that successfully acquired lots in the Boutique Hotel and Commercial District are Union Bank and Metrobank. Here’s a close-up look on two of these two prominent companies:

Union Bank

Union Bank is a universal bank in the Philippines which provides a wide range of commercial, retail and corporate banking products and services. These products and services include loan and deposit products, cash management services, trust banking services, consumer finance, treasury activities and electronic banking. Major shareholders are Aboitiz Equity Ventures, Incorporated, Insular Life Assurance Company and the Social Security System.

It was recognized in 2002 & 2003 as among Asia’s best companies by Euromoney and Finance Asia. It is also the first to make it to the list of the world’s 25 soundest banks for four consecutive years by the Banker of London. It also won the Excellence in Credit Card Management Award in 2004.The bank is also listed in the Philippine Stock Exchange. As of December 20, 2010, Union Bank has a total market capitalization of P37.8 billion and share price is P59.00.

Union Bank initially stared out as Union Savings and Mortgage Bank. It changed its name to Union Bank of the Philippines 1981 and among its incorporators were the Aboitiz Equity Ventures, Inc., the Social Security System and the Insular Life Assurance Company. The bank acquired its commercial license in 1982. Ten years later, it was granted universal banking license by the Bangko Sentral ng Pilipinas. Also in 1992, Union Bank was listed in the Philippine Stock Exchange under the stock symbol UBP.

In 1994, Union Bank acquired the International Corporate Bank (Interbank). On June 5, 2006, Union Bank purchased 98.84% of The International Exchange Bank (iBank), then the 12th largest private commercial bank, through a special block sale coursed at the Philippines Stock Exchange. With the acquisition, Union Bank became the 7th largest private domestic commercial bank.

Metrobank

Metropolitan Bank and Trust Company or commonly known as Metrobank is the second largest bank in the Philippines. As of November 29, 2010, Metrobank has a total market capitalization of P140.4 billion and its share price is P73.50.

In September 1962 by George Ty, together with businessmen Don Emilio Abello, Don Pio Pedroso and Placido Mapa, Sr. founded the Metrobank primarily to offer financial services to the Chinese-Filipino community. In 1963, the bank’s first branch opened in Divisoria, Manila. Four years later, the bank expanded outside Manila and opened their first provincial branch in Davao.

In 1970, Metrobank started expanding outside the Philippines. Its first international branch was in Taipei, Taiwan. In 1973, the bank established a banking office in Hong Kong and in 1975, another Metrobank branch opened in Guam, the first Philippine bank to open in American territory. Branches in Los Angeles and New York followed after. In 1977, the Central Bank authorized Metrobank Foreign Currency Deposit Unit (FCDU) operations.

On February 26, 1981, Metrobank decided to go public and list its common shares in the Makati Stock Exchange and Manila Stock Exchange under the stock symbol MBT. On August of the same year, the Philippine Central Bank granted Metrobank universal banking license. This allowed the bank to venture into non-banking related businesses.

In 1986, Metrobank established its own credit card company, Unibankard Corporation (now known as Metrobank Card Corporation. In 1988, it partnered with Japanese automotive manufacturer, Mitsui Corporation to establish the Toyota Motor Philippines.

In 1995, Metrobank achieved the milestone of being the first billion dollar bank with total capital of P22 billion. In 2001, Metrobank opened its first branch in Shanghai, China. Nine years later, Metropolitan Bank (China) was established with branches in Najing and Shanghai.

The Metrobank Group has a combined network of over 800 local and international branches/offices, remittance offices and subsidiaries worldwide. It has 557 domestic branches and 32 offices in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai.

Fulfill your dreams at Iloilo Business Park. For more information on how to invest, call us at (033) 3303465 or visit our website at http://www.iloilobusinesspark.ph.

Festive Walk Mall’s New Lifestyle Culture

Artist’s perspective of the Festive Walk Mall

Lifestyle shopping in Iloilo will never be the same with Festive Walk Mall. Photo from http://www.digitalistmag.com

What makes metropolises exciting to visit and teeming with recreation is the existence of various shopping malls. Embedded in the notion of most Filipinos is the concept of shopping malls as the oasis of relaxation and a place to enjoy. The culture of “malling” has long been etched in the mindset of a typical Filipino mentality for the past decades. Since Iloilo City is on its way to take the spotlight as the next “wave city” and economic center in the Visayas with influx of investments, “malling culture” and the lifestyle sensation its brings to Ilonggos is once again heightened with the anticipated opening of another world-class shopping center – the Festive Walk Mall. Rising in the heart of Iloilo Business Park, the 72-hectare business township developed by Megaworld in Mandurriao, Iloilo City, Festive Walk Mall has two phases of leasable areas such as Festive Walk 2B-1 with 2,666 square meters and Festive Walk 2B-2 with 1,923 square meters. Inspired by the classy concept of its popular predecessors in Manila – the Megaworld lifestyle malls, Festive Walk Mall is a unique convergence of contemporary architectural design and international line-up of world-famous clothing brands, boutiques and retail shops. For leisure lovers and movie enthusiasts, there will be 8 world-class standard cinemas set to open in the mall. A classy food court, a selection of first-class bistros and restaurants, and spacious events center will complete the lifestyle mall expected to have its soft opening in the fourth quarter of 2016. Across the center mall, a Mall Annex will open to offer extended shopping and dining escapade for mall-goers and visitors. Beside the Mall Annex, another landmark leisure destination will open with great anticipation – the Street of Festive Walk, a 1.1-kilometer shop-and-dine strip, the longest in the country so far. The name of the highly-anticipated mall, inspired by the “festive” cultural vibrancy of Iloilo’s world-class Dinagyang and Paraw Regatta Festivals, is a stunning depiction of Ilonggos’ passion for leisure, shopping and love for gastronomy rising in the middle of a sparkling business township of opportunities and commercial epicenter. The mall is a just a few steps away from the residential district which will become the home of a privileged few residents in One Madison Place, Lafayette Park Square and The Palladium, condominium towers with unique facets of lifestyle concept. The prestigious lifestyle mall is surrounded and adjacent to Richmonde Hotel Iloilo, BPO buildings One Global Center and Two Global Center, the biggest McDonald’s in Panay Island, and a few steps away from the Iloilo Convention Center and soon-to-rise Courtyard by Marriot Hotel.

October 2015 Construction Update of Festive Walk Mall

Lifestyle-wise, no other shopping malls in Iloilo City can offer this magnitude of conveniences, pleasure options and exclusive link to a complete, modern commercial township. The Festive Walk Mall is a stunning definition of Iloilo’s future “malling culture” and a level up experience that Ilonggos, visitors and investors can find only in the ‘city of love.’

Embrace the new lifestyle concept at Iloilo Business Park. For more information on how to invest, call us at (033) 3303465 or visit our website at http://www.iloilobusinesspark.ph.