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.

Iloilo Business Park: A Glance of Developments and Opportunities

Iloilo Convention Center resembles Iloilo’s cultural heritage and economic glory as a modern convention venue.

 The present site where One Madison Place will soon rise.

An artist’s perspective of The Palladium, the tallest residential tower in Western Visayas.

Artist’s perspective of Lafayette Park Square.

A quick glance at Iloilo Business Park, the 72-hectare business and commercial township in Mandurriao, Iloilo City which was once an old airport is truly captivating and inspiring. Megaworld, the country’s leading real estate developer and BPO landlord visualized a bustling modern community and financial center when Iloilo Business Park was laid into a life-changing plan a few years ago. When it finally opened in 2013, the township started to promote a genteel yet vibrant lifestyle that Ilonggos and future investors can look forward to when living in Iloilo City. Iloilo Business Park opened a doorway of many possibilities in reclaiming the once affluent economy and tourism of the city. The metropolitan-inspired “condo lifestyle” was introduced by Iloilo Business Park to Ilonggos with its first residential tower – One Madison Place, an ultra-modern condominium comprised of 3 towers, stunning amenities and a lifestyle interconnected with the township’s bustling activities. Lafayette Park Square, another 16-storey residential tower came into the spotlight by introducing French and Spanish-inspired architectural design, first-class amenities and a vintage-perspective lifestyle for condo buyers. The third residential tower that further captured the interest of client and investors is The Palladium, standing tall with 22-floors, the tallest edifice in Western Visayas, and inspired by the rarest metallic element of the earth. The Palladium offers high-life with its serene four sky gardens, infinity pool, exciting unique amenities and by offering the first of its kind “Loft Units” located in the Penthouse level.

Richmonde Hotel Iloilo is the first high-end luxury hotel that opened in Iloilo Business Park this year.

A view of the Megaworld Boulevard where the Festive Walk Mall (left) is being constructed and the biggest McDonald’s in Panay Island can be seen.

The long-stretching Megaworld Boulevard where 30% of the old Iloilo Airport runway was retained, Iloilo Convention Center and Richmonde Hotel can be seen on the left while One Techno Place is being constructed in the right.

The Street of Festive Walk (current construction photo update) excites many Ilonggos to enjoy this vast shop-and-dine strip in the near future.

BPO Building One Global Center is the current office and operation site of call center company Transcom Asia.

Iloilo Business Park’s Showroom will be the biggest in the region soon to be completed next month.

A glance of Megaworld Boulevard over-viewing McDonald’s, Festive Walk Mall and Richmonde Hotel Iloilo.

The Courtyard by Marriot, another high-end international hotel set to open in IBP next year.

Going back to the “site-seeing” passion, these days, Iloilo Business Park is swiftly taking shape as a prominent business center and future commercial destination for locals, visitors and investors. The infrastructure projects being done in the township creates an exciting “sneak peek” of the great things and happenings to come.  The first two BPO Buildings – One Global Center and Two Global Center where BPO companies Transcom Asia and StarTek currently holds their Iloilo office and operation sites, respectively. Two more BPO Buildings are under construction such as One Techno Place and Two Techno Place. The IT-BPO sector would greatly benefit with Iloilo Business Park by providing an estimated 30,000 local employment opportunities for Ilonggos in the next 10 years. Richmonde Hotel Iloilo, a first-class luxury hotel opened a few months ago offering gracious accommodation and exciting destination for visitors with their classy bistros such as The Granary and Bizbar. On the other side of the hotel is Richmonde Tower where BPO company Reed Elsevier, Iloilo Business Park Marketing and Operation Divisions hold their offices on the third and fourth floors, respectively. Courtyard by Marriot, another international hotel is set to open in 2016 at Iloilo Business Park will be sharing its world-class accommodation and amenities to locals and tourists visiting the township. The Iloilo Convention Center is located right across Richmonde Tower. Considered as an iconic landmark and boasts with world-class convention facilities, the 3,700-seater Iloilo Convention Center inspired by the Paraw Regatta sail fins and having a Dinagyang Festival warriors’ emblem, is the recent venue of APEC ministerial meetings this year. Iloilo Convention Center will prove to become Iloilo’s exciting venue for international and prominent events as well as conventions in the future. In fact, it is fully booked with events until next year. The next shopping center in the city is Festive Walk Mall, inspired by Megaworld’s classy lifestyle malls in Manila set to open in 2016. This shopping haven will have a prestigious line-up of international clothing brands, boutiques, retail stores, 8 world-class cinemas, events center and bistros. Right across the mall is the Mall Annex and the Street of Festive Walk, considered as the longest shopping-and-dining strip in the country. This is the one-stop destination for well-known bistros, restaurants and the biggest names in the culinary scene schedule for completion next year. The Street of Festive Walk will emphasize Iloilo as a “mecca of gastronomy and food lovers” where lifestyle, leisure and entertainment converges in one place of interest.

Moving further at the tip of the Megaworld Boulevard, the main highway of the township with bike lanes on its side, is leading onlookers at the Boutique Hotel and Commercial District, the future Central Business District (CBD) of Western Visayas. With 10 blocks and 9.2 hectare area intended for business and commercial spaces, almost 80% of lots are already sold to financial institutions and private entrepreneurs this year, giving a strong indication of investment influx in the township. Metrobank and Unionbank are two prominent bank companies have already secured their space in Iloilo Business Park.

A strong partnership with the local government of Iloilo City and Province, agencies and business circle whose goal is to highlight the undeniable potential of Ilonggos in making global relation and passion for business, creates a strong fusion of both economic, tourism and cultural promotion for Iloilo Business Park as a magnet of developments, changes that would lasts a lifetime for many people.

Though a quick glance and site-seeing trip at Iloilo Business Park would give onlookers, locals, visitors and potential investors a preview of the great things to come in this bustling business township, more than the infrastructure aspect, this mixed-use commercial district is raising the standard of living in Iloilo City by opening a doorway of opportunities and sketching a bright future for Ilonggos.

Make things happen and let your dream fall into place at Iloilo Business Park now. For more information, call us at (033) 330-3465, check us online at http://www.iloilobusinesspark.ph or visit our IBP Showroom at the ground level of Richmonde Tower, Iloilo Business Park, Mandurriao, Iloilo City.

Colorful Condo Stories at Iloilo Business Park

There’s a story to everything we to choose to live. In Iloilo Business Park’s residential district, the lifestyle choices for future residents are always envisioned to touch lives and elevate them into a higher level of passion. In this 72-hectare business township located in the old airport property in Mandurriao, Iloilo City developed by Megaworld Corporation, the country’s leading real estate developer, three unique and astonishing residential towers are designed to provide extraordinary lifestyle of class and elegance.

A Touch of Chic and Class

One Madison Place appeals to the young, vivacious and optimistic souls looking for respite from a hectic life within a city. This 3-tower condominium with 10 floors evokes versatility, class and trend with futuristic design of its various top-class units from studio, executive studio, one-bedroom and two-bedroom. Its amenities personify the uber-chic, the trendsetters and those with passion for luxury looking for pleasurable experience. Also, it is a few steps away from exclusive shops, boutiques, bistros and malls of the township. If you feel like living your life in serene ambiance and keeping your life private yet near to exciting lifestyle you are longing for, One Madison Place suits you personality.

Vintage Lifestyle Redefined

Stunning with impressive French and Spanish architectural design, Lafayette Park Square is a vintage-inspired residential tower with 16 storeys and exclusive amenities that evokes passion, grandeur and eternal ardor. For the lovers of the classic, Lafayette Park Square will fulfill their dream lifestyle rooted for the love of the past. This gorgeous tower will surely attract condo buyers who are in love with the concept of “romanticism.” A candlelight dinner while over viewing the cityscape at night would surely relive romance for couples. The tower’s exclusive amenities such as swimming pool or fitness gym can be perfect venues for bonding and conversation among lovers.

Higher Level of Passion

The Palladium elevates into a higher pedestal as the region’s tallest tower with 22 floors, a symbol of power and success while living a great life in Iloilo Business Park. Named after the rarest metallic element of the Earth, The Palladium fits the personality of thrill-seekers and those that appreciate the view of a vibrant city like Iloilo. For top executives and frequent vacationers living in the tower, it is a personification of their pride, perseverance and passion to be on top of everything they aspire. Nature lovers and those who appreciate ecology will surely find their perfect respite in the tower’s multi-level 4 sky gardens replicating a real rain forest. The tower’s amenity level on the 3^rd floor have all the exclusive amenities of a high-life for the chosen few with infinity pool, outdoor spa, kiddie pool and pocket gardens. On the topmost floor lies the stunningly exclusive Penthouse Loft Units that takes visual command of a lifestyle for the royalty.

Start your lifestyle story with any of these stunning residential towers. Three faces of condominium concept designed to put your dreams into the highest pedestal of comfort, serenity and the great life you truly deserved.

Create a story of lifelong investment now. Head on to our showroom to find out more of our condominium lifestyle offering at the ground level of Richmonde Tower, 8 Enterprise Road, Mandurriao, Iloilo City. Know more by calling us at (033) 330-3462-65 or see us online at http://www.iloilobusinesspark. ph.

Investment Strategies and Tips for Condo Buyers

Condominiums are sprouting from everywhere in the Metro. Thanks to the developers who are capitalizing from the low interest rate, and from the cash flows of Overseas Filipino Workers (OFWs) abroad and the employees of the Business Process Outsourcing (BPO) sector.

As a newbie condo buyer, it maybe easy for you to join the bandwagon and buy seemingly desirable condo property that is offered to you. Whether buying a condo is primarily for the purpose of residence or as a mean to generate passive income by renting it out, having a good condo strategy would give you a well-defined course of action. Below are some of the best condo investment strategies that you can apply if you are thinking of buying a condo.

Location is the key. The main advantage of a condo over house and lot is location. You’re investing in a condo because of it’s location, bringing you into a more convenient lifestyle. It may be near from your place of work or located in a prime location where you can cater to a lot of potential tenants. Since condos are mostly located near commercial areas, go there during rush hour traffic. Chances are, the estimated travel time in the marketing brochure you have seen will not take into account heavy traffic. Remember that you will need to travel during rush hour and travel time to and from your condo should be an important consideration.

Apart from the issue of traffic, try to pass by the location during heavy rains and check if flooding is an issue. In addition, aside from the location of the condo building itself, you should also consider the location of your unit within the building. If you work on the graveyard shift and need to sleep through the day, pick a unit on the upper floors so you can isolate yourself from the street noise. Units which are near the elevator or the garbage chute are cheaper for a reason – elevators opening and garbage plummeting down the chute make a lot of noise. Choose wisely not only the location of the building but your unit in the condo building as well.

Financing your condo. How are you going to pay your condo that you intend to buy? Are you going to pay in cash or borrow money for it? In answering this question, take note of your cash reserve and cash flow. Buying in cash can help you get a much better price because most developers offer significant discounts as an incentive for you to do so. However, make sure that you have enough cash reserve to fund your expenses in cases of emergency. Unlike paper assets such as stocks and mutual funds, a condo is not easy to sell and requires time to liquidate.

Meanwhile, if you are considering borrowing money from the bank to buy your condo, make sure that you have strong cash flow to pay for the monthly amortization. For those who are buying it for the purpose of renting it out for passive income, check the amortization amount versus the potential rental income. You may want to buy a condo with a significantly lesser monthly amortization amount than the potential monthly rental income for it to be a self-liquidating investment.

That being said, you should also consider the lower end of your average monthly cash flow before taking on a loan.  A good gauge would be to have a surplus of about 10% to 20% of your average monthly cash outflows after subtracting the monthly amortization on the condo. Why? Not at all times, your condo unit is guaranteed to have a tenant as there may be times when your unit will be vacant.  If you are able to save about 10% to 20% after subtracting the monthly amortization, you’ll have enough funds to cover for amortization during vacant times and to provide for you and your family’s needs.

There are other costs. You should be concerned not only to your monthly amortization but also to other expenses associated in owning a condo. Condominium buildings will also charge you monthly or annual condo dues for the maintenance of common areas of the building. This cost will vary depending on the size of your condo unit, and the type of services and amenities available to unit owners. Aside from condo dues, as a real estate property owner, you will also need to pay for annual real property taxes and insurance.

In addition to the monthly or annual costs, there maybe one-time payments needed that must also be considered when buying a condo. Most contract to sell will normally state that you will have to shoulder the costs of transfer tax and the registration of the condo title in your name. This should amount to no more than an additional 4% of your purchase price.

Read the fine print. For the common good of all unit owners, your condo will be governed by a deed of restrictions. The restrictions will dictate what you can and cannot do when you move in to your condo. Ask for a copy of the master deed and restrictions of the condo project and read through it. If you are a pet lover, you should know if the building will restrict or even prohibit pet ownership. Some condominium buildings may also prohibit the use of LPG.

The numbers don’t lie. When it comes to return on investment or ROI especially for those looking to rent out their condos for passive rental income, the numbers don’t lie. With a lot of condo projects that are on sale nowadays, given location as being equal, you might be asking yourself, shall I buy a brand new or a second hand condo unit? Let’s run the numbers.

If you want to ensure minimal vacancies for your unit, the best price to offer potential tenants is the lowest possible rate, inclusive of condo dues.  For example, say you have the cash and you are thinking of buying a Php 1.5 million second hand unit versus a Php 2.5 million brand new unit.

If you rent out a second hand condo unit at Php 10,000 per month, inclusive of condo dues, at an average acquisition price of Php 1.5 million, your estimated annual ROI would be:

Annual ROI = Annual Rental Income ÷ Acquisition Cost

Annual ROI = [Monthly Rental x 12] ÷ Acquisition Cost

Annual ROI = [Php 10,000 x 12 months] ÷ Php 1,500,000.

Annual ROI = 8%.

However, if you bought a brand new condo unit at an average price of Php 2.5 million and you would like to earn at least the same ROI as the second-hand unit, you’ll need to rent it out at:

Monthly Rent = [Acquisition Cost x Annual ROI] ÷ 12 months

Monthly Rent = [Php 2,500,000.00 x 0.08] ÷ 12 months

Monthly Rent = Php 200,000 ÷ 12 months

Monthly Rent = Php 16,666 (inclusive of condo dues)

If you want to ensure minimal vacancies for your unit, the best price to offer potential tenants is the lowest possible rate, inclusive of condo dues.  For example, say you have the cash and you are thinking of buying a Php 1.5 million second hand unit versus a Php 2.5 million brand new unit.

Now, put yourself in the shoes of ordinary office worker who would like to rent it to save on time and effort on commuting, which one will you choose? Chances are, you’ll go for the second hand because you will just basically use it as a shelter to eat, sleep and go to work.

Condominium investing is truly a good source of passive income. However, before you plunge your hard-earned money into it, make sure you are armed with your strategy so as to become a successful condo investor.

Must-have Condos at Iloilo Business Park

At Iloilo Business Park, Megaworld’s 72-hectare business township offers the most high-end residential condominium towers for those looking for near-perfection, if not, the classiest and most exciting in terms of amenities and location. Iloilo Business Park’s three most iconic residential towers are the contemporary-designed 3-tower One Madison Place, the vintage architectural-designed Lafayette Park Square and the 22-floor, sky-garden-lifestyle The Palladium. Each of these tower offers condominium units in various style and sizes, mood and vision, financing and payment mode that suits your needs, your passion and ensures your money’s worth when investing for a lifestyle you desired most. For more information, you may visit our showroom at the ground level of Richmonde Tower, 8 Enterprise Road, Iloilo Business Park, Mandurriao, Iloilo City or call (033) 3303462-65 or visit us at http://www.iloilobusinesspark.ph.

(Article source : http://www.millionaireacts.com/3246/condo-investment-strategies-and-tips-for-buyers.html)

IBP in Celestial Colors: New Mark, New History

Iloilo Business Park in celestial colors – Photo by Marx de Silva

Iloilo Business Park, Megaworld’s stunning mixed-use integrated urban township rising at the old Iloilo Airport in Mandurriao district epitomizes a relentless elevation for Iloilo City as the newest center point of business, commerce, lifestyle, investment and tourism within a 72-hectare property. Iloilo Business Park is now the home of the biggest IT-BPO Park in Western Visayas with an expected 10 BPO Buildings rising in the next few years, giving bright opportunities for local workforce to attain competitive employment offered by multinational BPO companies. BPO companies Transcom and StarTek now operates in the township’s newly-completed BPO Buildings One Global Center and Two Global Center.

It’s an all-time high for upscale, high-end living as IBP captivates the imagination and lifestyle preference of Ilonggos and investors with their three multi-faceted residential towers such as the 3-tower One Madison Place, classic-themed Lafayette Park Square and the tallest tower in the region with 22 floors and 4 sky gardens – The Palladium. Iloilo’s title as the “city of love” is further emphasized with the opening of Richmonde Hotel Iloilo and next year’s Courtyard by Marriot. These two international hotels provides the highest standard of accommodation, distinct comfort and heartfelt service that replicates the Ilonggo’s “warmth and welcoming nature.”

Representing a new culture of shopping, pleasure and leisure experience, the township’s two high-end entertainment centers – Megaworld Lifestyle-inspired Festive Walk Mall and longest shop-and-dine strip – Street of Festive Walk, emulates Iloilo’s flair for unique flavors, good food, nightlife affinity and discriminating taste for pleasure. Expect a colorful convergence of classy bistros, restaurants, international-branded boutiques, retail shops and 8 world-class entertainment cinemas at these two significant establishments. Proving as the newest epicenter of finance and business in VisMin, IBP will open the largest commercial district in Western Visayas where business and investment potential will surge high, enough to attract investors and visitors to share a slide of success happening in Iloilo City. The Iloilo Convention Center (ICC) will be opening on September 14 with both cultural pride and vibrant possibilities of claiming as the most modern convention venue in the country boasting with 3,700 seating capacity and function rooms. ICC is the venue of APEC 2015 Ministerial Meetings on September 21- October 6 with expected arrival of foreign dignitaries, guests and visitors taking a glimpse of the city’s rich cultural heritage and sustainable developments. Philippine President Benigno Simeon Aquino III will lead the official inauguration of ICC on September 14, highlighting a memorable day for Iloilo City as it open its economic doorway to the world.

By far, IBP is Megaworld’s biggest single investment worth P35 billion, ready to transform this once sleepy city into one of the most livable metropolis in the world. IBP upholds the vision as Megaworld’s true fulfillment of its successful “live-work-play” extraordinary township slogan that will re-write and bring Iloilo to a prestigious level of progress, it’s truest “claim-to-fame” edge as the original “Queen City of the South.”

This 2015, IBP will open the gateway as more than just a tangible picture of progress and lifestyle elevation for Ilonggos and investors. More than a BIG reason to invest and live beautifully, it is destined to make a new MARK and a new HISTORY for Iloilo City… the countdown begins right now!

Excited to find out about it? It’s happening very soon. Yes, IBP is Iloilo’s BIGGEST STORY ever!

IBP’s 3 Sides of Life+Style Stories

 One Madison Place – A story of art and passion that will truly captivate your creativity and young spirit. Added to this modern and trendy condo tower are tasty strawberry shortcakes and fragrant scented sticks that will keep you going to the exciting adventure your vigorous lifestyle awaits.

Lafayette Park Square – A Story of love for those who seek the aura of romance. Together with the sweet taste of assorted cookies and the sophisticated aroma of scented candles will truly enlighten your senses with what this French-inspired tower can do for you.

 

The Palladium – A story of success and power is all it takes for this condominium to reach the highest of heights. With a strong perfume musk and power-driven chocolate eclairs to go with the strength ambience of this tower, The Palladium will surely get you to the top of your lifestyle.

We would like to say a big Thank You to Mandaue Foam Furniture Store and NanaFermin Interiors for making our event – “Know the 3 Sides of Our Story” at Richmonde Hotel Iloilo a success last August 22, 2015. It was all possible because of the both of you! Again from Iloilo Business Park.

Make the right choice now, call us for inquiries at (033) 330-3462 or visit us at our showroom located at upper ground floor of Richmonde Tower, Iloilo Business Park, Mandurriao, Iloilo City.

The 3 Sides of our Story – the IBP lifestyle

It’s always good to know the real story behind every curtain. Stories are meant to inform, inspire and inculcate passion in each of us. Now, imagine yourself living a life of style inspired by extraordinary simplicity, sheer class and something exciting to look forward to. Iloilo Business Park is passionate to share with you our three sides of our story, the story of lifestyles that tickles your senses and truly close to your heart. Let’s imagine life now the way it should be…

ONE MADISON PLACE

You open your eyes and see the world from the window. The sunlight touches your skin gently; you walk around your bedroom as sparks of creativity inspires your soul. You take a sip from a glass of freshly squeezed orange juice before you rush for another adventurous morning. As you go on a biking habit around the boulevard, familiar faces of friends smiling at you, as radiant as the sun, greets you with optimism. So you decided have a seat with them at a coffee shop and started talking a lot of great possibilities in life while browsing each other’s phones and tablets. Everybody’s updating their social media status, telling the world what a great day it is for all you. So, to capture the moment, you take a “selfie” with them and post it online. You told yourself: it’s an inspiring day.  But before you left, you look above and saw the condo tower you now call home – there’s bright colors, modern facet design, visionary in style – just like you – young, vibrant and adventurous by heart.

 

LAFAYETTE PARK SQUARE

Love is alive in the air for you, and so is life. As you sip your brewed coffee, the soothing aroma calms you, it almost tickles your soul and makes you feel the passion you need to experience throughout the day. You look around and you see classic novels beautifully placed in the cupboard, a collection of your passion and fondness for romanticism. You heard the birds chirping while the sweet scent of the room excites you. As you take your shower, the warm water running through your skin gives you a touch of rejuvenation while jazz music filled your ears with serenity. In a blink of an eye, evening comes with a surprise at the balcony of your condo as you share an intimate candlelight dinner with someone whose heart is enamored by your presence. You sit beside your amore while looking each other eye-to-eye and the bright lights of the township below glows flawlessly. Slowly, you reach out for each other’s hands and hold it tight – it is love, the spirit of romance and passion transcends a notion of a sweet life you destined to share.

 

THE PALLADIUM

You’re motivated to do everything that you want. You start your day by going to the gym, sweat it out and challenge yourself to do your best, for your flourishing business and your lifelong endeavor. After a while, you take a plunge in the infinity pool to refresh yourself. The smell of your newly-cooked breakfast feed the passion within you, and looking at the glass window, you can see your future, your drive for success to be on top of everything you know you deserve to have and to achieve. You make yourself dressed-up for work today – sleek, sexy and confident. But before you leave your condo, you look back with a smile – for this is the kind of lifestyle luxury you used to dream of.  So you close the door and take you first step towards a new day, ready to conquer your ambitions, the success, the fulfillment you now have right in the palm of hands.

This Saturday, August 22, 7PM at the 7th Floor Function Room of Richmonde Hotel Iloilo, come to the biggest IBP event this 2015 – “Know the 3 Sides of our Story.” Get ready to be inspired and captivated.

For inquiries, call us at (033) 330-3462-65, visit us at our showroom at upper ground floor of Richmonde Tower, 8 Enterprise Road, Iloilo Business Park, Mandurriao, Iloilo City. Our website is http://www.iloilobusinesspark.ph.

Exciting Tips in Buying Your First Condo

Buying a condo, which is short for condominium, is not the same as buying a single-family home.  There are different considerations that need to be taken into account prior to purchasing!  In many real estate markets, purchasing a condo can come at a much lower price than purchasing a single family residence. Here’s are great tips to consider in buying your very first condo…

Determine Whether a Condo is the “Right Fit”
Consider in buying a condo if it fits your needs and expectations. It must have a close proximity to your desired neighbors and establishments. If you need freedom and independence, having your first condo is recommended. If you are too busy with your work and someone who wants minimal maintenance, a condo is easy to manage with maintenance service and cost.

Connect with a Real Estate Agent Who Has Experience Selling Condos

If you’re looking to make things easy for you selling a condo is much different than selling a single family, multi family, or vacant land!  The purchase contract for a condo is not the same as it is for other types of residences.  There are different contingencies than the common contingencies that are in a residential purchase and sale contract.One main difference when purchasing a condo is that most communities will require a contract to be signed in addition to the typical sales contract prior to closing.  The contract that a community will make you sign usually will state that you understand and agree to the association rules and regulations.Due to these differences, it’s important you work with a real estate agent who has experience selling condos!  A real estate agent who has experience selling condos, will know how to guide you through the process and ensure important documents are not overlooked.

Obtain Financing
Financing of a condo is not the same as a single family residence.  Just like purchasing a single family home it’s critical to get pre-approved prior to looking at condos as well as determining whether it is the “right fit.”  Obtaining financing can be tricky when it comes to purchasing a condo, as many lenders and loan products do not allow condo purchases.

Condos are very often purchased with cash due to the regulations of lenders and programs. A buyer still can obtain a private mortgage for a condo purchase.  This often comes at a much higher cost, as many private lenders will require a minimum of 20% down on a condo purchase.  Purchasing a condo may not be the best fit if you do not have a substantial amount of money saved for a down payment.

Know What the Condo Includes
This may sound like a silly tip, but it’s important to know exactly what the condo includes.  When purchasing your first condo, make sure you find out if the condo includes a reserved parking spot or additional storage!  Does the condo community offer additional parking for your guests who visit you?  Is the parking spot in a covered garage? It’s important you know that the parking spaces and/or additional storage areas are going to be available at the time of closing before you purchase the condo!  The last thing you want to find out is you have no where to park your car a week prior to closing.

Know What the Association Fees Are
In most condo communities, there is a monthly, quarterly, bi-annual, or annual fee that is required by each resident.  The association fees are used to cover common expenses such as insurance and maintenance.A well-run condo community will be happy to share their financial statements to a potential purchaser.  It’s important to know when buying a condo that the community has a large amount of reserve funds in the event a major repair is required, such as a roof replacement.  Ask the community how the association fees are divided and where they are distributed too.

Ask About Special Assessments                                                       
First it’s important to understand what a special assessment is.  A special assessment is typically a large fee that is charged to cover a significant project within the community.  An example of a significant project that would be considered a special assessment, is a structural repair to the condo. Why is this an important tip for a first time condo buyer?  If a special assessment is in the future plans, it’s possible that the association fees can raise for a specific period of time.  For example, a condo with a monthly association fee of $400 could increase to $500 for a year to cover the expense of a roof replacement.  Any planned special assessments should be provided to a potential purchaser with full disclosure.

Research Maintenance and Management Company
Knowing who maintains the property is extremely important!  Who is in charge of cleaning the common areas?  Is the work completed by an outside company or are the residents of the community encouraged to help with the upkeep?  A condo community that is not well maintained can be very frustrating and can also effect the resale of the condo in the future!

Predict Your Future Plans
Predict the future?  Foolish, I know!  It’s impossible to know exactly what is going to occur in the future, but most people have a plan for their future.  This should be no different when buying your first condo!A condos value typically will not appreciate as much as a single family residence.  This is why it’s important to have a good idea what your future plans are.  If you plan on remaining in the condo for ten years, then the rate of appreciation is not as important if you plan on moving in a year or two.  Just like knowing what the future will hold for you, it’s impossible to know what will happen to market values in the coming years.

The Good News

Iloilo Business Park, Megaworld’s largest business township community in Western Visayas offers the most exclusive, well-conceptualized and premium condominiums that fit every condo buyer and investor’s dream of living a high-end lifestyle. It’s three sensational residential towers – One Madison Place, Lafayette Park Square and The Palladium shares unique amenities, features and vision to experience. Megaworld is the most trusted and credible condominium developer in the Philippines with over 26 years of successful project developments of their townships that exudes the “Live-Work-Play-Learn” lifestyle concept.

Inquiries and reservation? Call us at (033) 330-3462-65 or visit our showroom at the ground level of Richmonde Tower, 8 Enterprise Road, Iloilo Business Park, Mandurriao, Iloilo City. Website: http://www.iloilobusinesspark.ph.

Living the Condo Perspective at IBP

Are you looking forward to live in a condominium? Check out these facts, you might be the one who deserves the prime lifestyle at Iloilo Business Park…

Retirees for Serene Lifestyle
Condominiums are very popular among retirees, including those who are looking to downsize from their previous homes. A condominium community may offer many opportunities to socialize, and certain developments offer services that cater specifically to retirees and seniors. In addition, many retirees enjoy traveling, and the reduced maintenance associated with living in a condominium is attractive. Looking for serene lifestyle mix with pleasure? A condo unit might be an answer for your dreams.

Frequent Travelers’ ideal abode
A condominium may be appropriate for the frequent traveler for whom keeping up with routine maintenance would be a challenge. Additionally, a condominium unit owner may feel safer leaving the unit unattended for frequent or extended periods of time knowing that neighbors are present. Looking for a place of your own even if you’re frequently travelling? A condo unit is something really you need.

Young Professionals and Graduate Students’ life-in-style
Young professionals and graduate students may be interested in condominiums that are located close to work or school. Condominium ownership may also be attractive due to social opportunities, the proximity to urban conveniences, and because condominiums are sometimes cheaper than a single-family home, while still offering plenty of space. Mixing university life with pleasure and luxury? A condominium will complete your flexible lifestyle.

Young Couples’ love nest

A condominium can be an ideal starter home for young couples. Like other condo owners, couples may find the social opportunities attractive and may enjoy the community facilities offered by the development. Young couples who are not planning or not yet ready to start a family may find the size and layout of a condominium unit to be more practical than that of a house. Starting up a family life in practical and exciting perspective? A condominium will make your love story flourish.

The LIFE you desire…

Megaworld – Iloilo Business Park, the 72-hectare life-stretching township of unlimited pleasure and great possibilities located in Mandurriao District, Iloilo City, is your perfect home in the future. Embrace the vision, the power and prestige by being part of this bustling community of class and luxury. It offers gorgeously-conceptualized condominium units located in top-notch residential towers such as The Palladium, Lafayette Park Square and One Madison Place. Call us to fulfill your desire for a great lifestyle call us at 330-3462-65, 0928-353589451 and 0917-3524888. Visit our showroom at the ground level of Richmonde Tower, Iloilo Business Park, Mandurriao, Iloilo City or check us online at http://www.iloilobusinesspark.ph.

LAFAYETTE PARK SQUARE: CHARMING AND ELEGANT LIFESTYLE REDEFINED

Architecturally-inspired by the classic grandeur of Europe, Lafayette Park Square, the gorgeous 14-storey single tower with 289 residential condominium units with studio and three bedroom layouts exude extraordinary class and elegance. Lafayette Park Square’s biggest unit will have more than 100 meters in floor area. The ground level of the well-designed tower will highlight a colonnade of top-notch commercial, boutiques and retail shops giving onlookers and residence the chance for hectic shopping experience.

Lafayette Park Square is Megaworld’s first themed residential condominium that will accentuate whole 72-hectare Iloilo Business Park as the next lifestyle destination in Western Visayas.  Astonishing both in style and elegance, it will exemplify French and Spanish architectural designs that would suit the classic taste of privileged few residents.

To beautifully fulfil Lafayette Park Square’s classy concept – a lifestyle of charm of elegance – it comes with attractive amenities such as swimming pool complete with composite wood deck, kiddie pool, Jacuzzi, pool lounge, reading nook overviewing the lush green scenery of pocket garden, modern fitness gym, spacious function rooms, social hall, daycare, a colonnade of premium retail shops, boutiques and bistros.

Lafayette Park Square building highlights include residential lobby with reception and lounge area, 4 high-speed, interior-finished passenger elevators, closed-circuit TV (CCTV) monitoring for selected common areas, video-phone security system connecting reception/security counter to all units, security command center for 24-hour monitoring of all building facilities and mail room. The building facilities include automatic heat/smoke detection with fire sprinkler system for all units, annunciator panel with emergency speaker at elevator lobby, overhead water tank and underground cistern for ample water supply, standby power generator for common and selected areas, building administration, security office, podium parking area and driver lounge with toilet.

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