Riding Mactan’s Steady Rise

Posted on Friday, May 31st, 2019

Kat O. Cacho/Writer

Every day, Mactan Island is getting a dose or more, of being one of the most talked about destinations in the country. Thanks to its warm and hospitable people, rich history, pristine beaches and non-stop business opportunities, Mactan is more than just one of the world’s best islands and but an economic magnet of its own.

Every day, Mactan Island is getting a dose or more, of being one of the most talked about destinations in the country. Thanks to its warm and hospitable people, rich history, pristine beaches and non-stop business opportunities, Mactan is more than just one of the world’s best islands and but an economic magnet of its own.

One of those that cemented its position in the upscale market is Aruga Resort and Residences-Mactan, whose residential units are nearly half sold out. Developed by Rockwell Land, this P6.2 billion premier development boasts about over 200 posh residential units and 300 hotel rooms. The project sits on a 4.7 hectare property along the serene side of Punta Engaño.

Property research firm, Colliers International Philippines cited the attractiveness of condominium living coupled with rising land values and dearth of developable land in Cebu City as among the factors that make condominiums still the most preferred investment among property buyers.

The high sales take-up in Aruga Resort and Residences-Mactan is reflective of the rising purchasing capacity of Cebu residents and investors. Specifically, the property’s superb amenities and a promise of a relaxed and enthralling resort lifestyle have made it the preferred choice of buyers seeking a new space to live or invest in. Its exclusive 200-meter beachfront offers guests and residents their own version of a paradise. In March 2019 alone, Aruga Resort and Residences-Mactan has recorded the highest per square meter (p/sqm) sold at over Php 360,000 p/sqm for a one- bedroom beachfront unit.

“The continued demand for condominium units is fueled by the influx of high- spending foreign tourists,” said Colliers.

It pointed out that resort-oriented projects in Mactan will likely continue to record strong take-up especially from Japanese retirees and offshore gaming employees from China.

Mactan’s improved connectivity to the rest of the world is also something to bank on as the presence of direct flights to other countries could translate to potential tourism and real estate gains.

Rockwell Land’s entry to Mactan beefs up the island’s image in the global tourism and property map. The firm’s outstanding performance is proof that all eyes are now in Mactan.

Indeed, Mactan is enjoying all the praises it deserves and there is no stopping for the island to grow. This most talked about destination has a strong economy moving to greater heights and those who want to be a part of this growth assured of a good ride.

Aruga Mactan by Rockwell- 3BR Living and Dining

Enjoy quality time with your loved ones with a stunning view of the beach as your backdrop.

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AERIAL VIEW: Adding to Mactan Island’s appeal as a preferred vacation and second-home destination is Rockwell Land’s Aruga Resort and Residences located on Punta Engaño, Mactan Island

Adding value to bustling Mactan

Posted on Saturday, March 30th, 2019

 

 

 

 

 

 

 

 

There is more to Mactan than a sweet travel escape, with its gorgeous beaches and lush tropic scenery.

While this destination has offered an idyllic respite for countless travelers, this famed island in Cebu also proves to be a premium catch for those wanting to invest in valuable property.

“We believe that Mactan remains a property investment hotspot in the Visayas region. Several national developers have established footprint in Mactan,” Joey Roi Bondoc, research manager at Colliers International Philippines, said in an interview with Inquirer.

“Mactan also benefits from the expansion of the Mactan-Cebu International Airport. Direct flights from other Asian countries makes it a highly viable location for retirement. Japanese retirees, for instance, are drawn to Mactan. These retirees have contributed to strong residential take up in the area. Investors from Manila are also enticed to acquire properties near Mactan due to the recent expansion and modernization of the airport,” he added.

 

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Spillover impact

According to Bondoc, the development of resort-oriented integrated communities in Mactan makes it a real estate investment hotspot. Add the fact that the area also captures the spillover impact of thriving business activities in Cebu City.

“We see tremendous room for growth as Mactan captures business expansion outside of Cebu City,” Bondoc said.

He disclosed that a number of new businesses have also started to locate in Mactan, which should prop up demand for offices, condominiums, and hotels in the area. Mactan further stands out because of its proximity to the expanded Mactan-Cebu International Airport.

Aside from office and residential developments, Colliers also sees the area becoming a hub for meetings, incentives, conferences, and exhibitions (MICE) investments in Visayas.

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Mactan’s luster

There are several factors that are seen to sustain property demand in Mactan which include the continued growth of outsourcing and offshore gaming sectors; returning overseas Filipino workers (OFW) which should drive residential and retail demand; industrial sector, as the brisk manufacturing activities in the region are seen to similarly boost residential demand; and tourist arrivals, which may be partly buoyed by the expanded airport in Mactan.

Also, key to sustaining Mactan’s luster as a tourist and property investment hub in the Visayas would be the continued development of leisure-centric communities in in the island, according to Bondoc.

“Developing integrated leisure attractions is a practical route for local and national developers if they want to benefit from Mactan’s attractiveness,” Bondoc said. “To capture the opportunities, Colliers encourages developers with massive landbanks in Mactan area to pursue resort-oriented projects.”

As it is, Mactan already has its fair share of upscale resorts, both local and foreign-branded, which have given tourists an idyllic island getaway, replete with the incredible sceneries, pristine coastlines, a taste of the province’s rich culture, and even scrumptious local cuisine.

Some property developers, however, are clearly stepping up the game as they seek to bring their own distinct brand to the famed Mactan Island.

Private escape

Soon to give Cebuanos an unparalleled respite and lifestyle on the lap of luxury is the 4.7-ha Aruga Resort and Residences-Mactan—Rockwell Land’s first residential-resort development located along Punta Engaño. This premium innovative residential concept mixes the perks of resort relaxation with Rockwell’s signature community living, as evident in its existing developments.

The residential component of this development will offer 200 units ranging from one-bedroom to four-bedroom, including exquisite beachfront villas, while the hotel and resort will have around 250 rooms.

Residents and hotel guests will get to enjoy an array of choice amenities that will surely complement your idyllic resort lifestyle: an all-day dining establishment, a multi-purpose pavilion, pool, and bar. 

This P6.2-billion Rockwell development is indeed a private escape turned into a high-end piece of real estate. Complementing the relaxing atmosphere by the beach, the property’s open areas are expected to adorned by manicured gardens, keeping the area cool and energizing. Within the resort itself, one can simply take in the serene surroundings, take a refreshing dip in the pool, or explore the taste of Cebu at the resort’s floating dining hall.

Aruga Resort and Residences-Mactan is Rockwell Land’s second development in Cebu. It comes four years after the upscale developer’s first foray outside of Metro Manila and in this province through the 32 Sanson by Rockwell in Lahug.

Source: https://business.inquirer.net/267720/adding-value-to-bustling-mactan

Rockwell Lifestyle

Posted on Thursday, August 9th, 2018

Cebu is well-known and loved by Filipinos everywhere, and their relaxed and welcoming nature have made the city not just a popular tourist destination for Filipinos and foreigners alike, but a center of business with a fast-growing economy, and one that has created a bustling metropolis, making it the second largest city in the country.

Rockwell is more than delighted by the warm reception that Cebuanos have welcomed 32 Sanson into their community. Knowing fully well the distinct culture of the Cebuanos, Rockwell succeeded in creating the upscale lifestyle that they are known for, and yet with a Cebuano touch to the development.

NO PLACE LIKE HOME: 32 SANSON BY ROCKWELL

Located in Lahug, Cebu, it is found right at the center of Cebu’s business centers, and yet, upon entering 32 Sanson by Rockwell, you are ushered into an oasis of calm and relaxation—encouraging you to lead a life of leisure.

The 3.2-hectare property contains a 70% landscape and 30% building ratio, truly making it a wonderful community. Spearheaded by homegrown talents, the Gallego Architects, 32 Sanson has four low to mid rise, elegantly built residential towers. Each building is conveniently serviced by elevators, and with roughly over 350 units within the community, homeowners are assured of privacy, exclusivity, and top-notch care and service. There are larger spaces to make your own, with each one having high ceilings over three meters tall. Raffia and Gmelina towers contain five residential floors and are currently already enjoyed by the community, while the Buri and Solihiya towers contain eight residential floors and will be ready by 2019. Each resident enjoys views of lush greenery and idyllic surroundings at every turn, and a safe haven to retreat to after each day.

The sprawling gardens of 32 Sanson are an integral part of the community, creating a beautiful and relaxing hideaway from the fast-paced city. The amenities serve as your own backyard,

Greenery, safe pathways, and a pool — just some of the beautiful features in 32 Sanson’s exclusive community redefining what it means to relax and live at your own pace, your own way. Two swimming pools are readily available whenever you feel like taking a dip, while a jogging path, a multi-purpose court, a yoga and dance studio, and a well-equipped gym overlooking the pool will give you that extra motivation to work out. For private occasions, two clubhouses and function rooms are within the community as well, making it easier to throw your fetes. Children of all ages will take delight in running about in the dedicated children’s play area, a safe and fun environment for them to be in. 32 Sanson is now called home by some of Cebu’s finest, giving them what the Rockwell lifestyle has to offer.

AN ISLAND PARADISE: ROCKWELL IN MACTAN

A big part of Cebu’s undying charm is its proximity to nature; particularly its luxurious beaches loved by the world. Cebu takes its leisure time seriously, and due to this, Filipinos and foreigners alike enjoy Cebu’s natural wonders and the hospitality that is distinctly Cebuano.

Soon to rise on the beaches of Mactan, Cebu is Rockwell’s Aruga Resort and Residences. After Aruga’s spectacular success in Makati, becoming a sought-after boutique hotel in the metro, much is expected of Aruga Resort and Residences in the Queen City of the South. And it is all but assured that Rockwell will meet such high aspirations and expectations.

32 Sanson’s outdoor play area allows your kids to enjoy a well-rounded environment.Enjoy 32 Sanson’s leisure pool where you can lie and tan, or where kids can swim all day!

Rockwell’s move to Mactan will undisputedly change the landscape of the shores for the better, bringing with it its expertise in comfort and leisure, with the luxurious lifestyle that Cebuano locals and guests will both experience. A mix of residential and hotel towers, Aruga which is strategically facing Hilutungaan channel with its long beachfront will be a pristine and undisputed star. Guests and locals will feel as if they have the beach all to themselves, and will have breathtaking, panoramic views of Cebu that no one has ever seen before.

To have panoramic, bird’s eye view of the beach, sky suites on the upper floors will be ready for patrons. Those who wish to feel the sand between their toes or go for swim at any time of their choosing may opt for private villas that will have direct access to the beach. The hotel will contain all the amenities one may hope for in a luxury resort—an all-day dining establishment, a multi-purpose pavilion, pool, and bar.

Around 20 minutes away from Mactan Cebu International Airport, it is poised to be the leisure residence and hotel of choice, bringing together Cebu’s rustic, relaxed charm with Rockwell’s penchant for luxury and comfort.

The success and overwhelming response over 32 Sanson and Rockwell in Mactan are due to both the clamor of the Cebuanos for the Rockwell lifestyle, and huge part because of the Cebuano’s culture—one that is relaxed, refined, and welcoming.

High tides and good vibes: Living the beachfront life

Posted on Thursday, August 9th, 2018

Cebu is revered globally for its history, rich culture, art, beautiful resorts and growing tourism, partially due to Mactan. The coral island is known for its beautiful white sand beaches and crystal-clear blue waters, providing the perfect backdrop for the best snorkeling spots, island hopping and cultural activities — definitely a prime tourist destination.

For many people, living near or on the beach is the ultimate dream and Mactan Island is one of those places, a perfect setting. There are so many hidden gems in the island in the form of beaches and marine sanctuaries conducive for water activities. The island is developed but still has the rustic elements that make you feel as if you’re in a world of your own.

Mactan is surrounded by white sand beaches and blue-green waters that are perfect for beach bumming, taking Instagram-worthy pictures or participating in water sports and activities.

A welcome addition to the island of Cebu is Rockwell’s resort development on the shores of Mactan.

Cebu has been an attractive location for foreign and local investors and tourists because of its booming economy, exciting infrastructure plans (like the newly built Terminal 2 of Mactan-Cebu International Airport), its rapidly developing cityscape, and its natural wonders.

In fact, Cebu received 10 million visitors last year and 51.2 percent of all foreign arrivals in the Philippines came via Cebu. At the end of this year, it is expected that Cebu will welcome 11.2 million visitors. Tourism in Cebu will also give birth to more investments across industries such as retail, BPO, real estate and the like, especially with the government’s Build Build Build program that fuels this promising outlook.

By expanding to Mactan, Rockwell solidified its brand of providing residential spaces that is unmatched in innovation, exclusivity and quality­—something that the company has always provided in its more than 20 years of existence, raising the standard of living by creating communities that oozes with sophistication and style.

Colliers International Philippines reported that the demand for residential developments in Cebu will continue to rise and will continue to be stronger for the next two to three years, improved by leisure-type developments.

Rest assured that Rockwell will continue to bring its signature lifestyle to Mactan with its spacious units, carefully curated amenities, and full services including safety and security. What makes Rockwell in Mactan unique from other properties developed by the company is that everything that makes Cebu and Mactan great will be incorporated into their design.

Rockwell in Mactan will definitely be a worthy investment — an upscale oasis in a lush, tropical island paradise.

/in Real Estate and Residences

Rockwell building P4-B beach resort in Mactan

Posted on Thursday, August 9th, 2018

MANILA, Philippines – Rockwell Land Corp. is investing up to P4 billion in a beach resort in Mactan, Cebu to take advantage of the tourism boom in the country.

Nestor Padilla, president and CEO of Rockwell Land, said the 300-room resort in Cebu would feature sky suites on its upper floors with panoramic views of the 25- meter beachfront.

The resort, which will be under the Aruga brand, will have private villas that will give guests direct access to the beach.

“We are excited about our first resort development, Punta Engano in Mactan, Cebu and looking at Iloilo for expansion,” Padilla said.

Construction of the Mactan resort is targeted to start in the third quarter of 2017 and slated for completion in 2021.

The project is expected to generate some P300 to P400 million in revenues annually upon the completion of the project.

“The strong interest from our roster of investors and partners to roll out new ventures outside Metro Manila is evidence of not only the strength of Rockwell’s hotel and leisure business but also reflects our collective vision to develop prime tourist locations like Mactan Island as the country experiences a tourism renaissance,” Padilla said.

Rockwell Land is also building a 280-room Aruga Hotel in Makati, its first urban resort themed hotel in the city. It will feature a 1,400-seater ballroom, specialty restaurants, a fitness gym, meeting rooms and an executive lounge.

In the first quarter, Rockwell Land reported a P342 million net income with its hotel operations generating P90 million in revenues.

Last year, the Lopez-owned property company earned P1.6 billion or five percent higher than the yar earlier.

Revenues from condominium sales reached P6.2 billion while revenues from commercial development business jumped 59 percent to P2.1 billion.

Hotel operations under the Aruga brand generated P260 million in revenues, up 189 percent from P90 million.

Rockwell is targeting a double digit growth in net income this year.

“We are still aiming for a double digit growth,” said Ellen Almodiel, chief finance officer.

Iris Gonzales (The Philippine Star) – June 3, 2016 – 12:00am
Read more at https://www.philstar.com/business/2016/06/03/1589436/rockwell-building-p4-b-beach-resort-mactan#jrjbcRdvgiA7Ey1B.99

Rockwell expanding leisure estate business

Posted on Thursday, August 9th, 2018

Lopez-led property developer Rockwell Land Corp. is betting big on tourism and leisure estate with the development of a chain of luxury resorts under the “Aruga Hotels” brand, adding to its portfolio of recurring earnings.

The developer is investing P6 billion to P7 billion in two new Aruga Hotels—one in Rockwell Center in Makati (a 280-room boutique hotel) and another in Mactan, Cebu (a 300-room beachfront resort).

Rockwell Land president Nestor Padilla said during the company’s annual stockholders meeting Thursday that Aruga Hotel in Makati – pitched as its first urban resort-themed development in the city – would open in the first half of 2019.

The Makati hotel will have a 1,400-seater ballroom, specialty restaurants, a fitness gym, an executive lounge and meeting rooms.  It will be smaller than the serviced apartments currently offered by the group under the same “Aruga” brand. Construction of the new hotel in Makati is estimated to cost P3 billion.

For the Mactan development, which is estimated to cost between P3 billion and P4 billion, there will be sky suites on the upper floors with panoramic views of the 250-meter beachfront.  It will also have private villas with direct access to the beach.

Set on 11 acres of property facing the Hilutungaan channel next to the Shangri-la resort in Mactan, the hotel is set to start construction in the third quarter of 2017.  It is expected to generate P300 million to P400 million yearly upon completion by 2021.

“The strong interest from our roster of investors and partners to roll out new ventures outside Metro Manila is evidence of not only the strength of Rockwell’s hotel and leisure business but also reflects our collective vision to develop prime tourist locations like Mactan Island as the country experiences a tourism renaissance,” Padilla said.

“Tourism is one of the thrusts of government and if we believe that infrastructure will follow in the area—the Philippines is a nice country—it’s a natural extension of us being in the lifestyle area,” said Rockwell senior vice president and chief finance officer Ellen Almodiel in a briefing after the stockholders’ meeting.

Angela Marie Pagulayan, assistant vice president for Rockwell hotel and leisure development, added that the group was likewise encouraged by the 82 percent occupancy rate of Aruga serviced apartments at present.

By: Doris Dumlao-Abadilla – Reporter / @philbizwatcher
Read more: http://business.inquirer.net/210793/rockwell-expanding-leisure-estate-business#ixzz5NezALq8f