Aseana City: The Next Generation Metropolis
Envisioned as the ‘Next Generation City’, Aseana City is continuing its prime development with a numerous number of projects. Located at Macapagal Boulevard, Parañaque City, Aseana looms as the next major Central Business District in the country. It is also a mixed-use district with residential condominiums, retail centers and schools. With the country’s rapid economic growth, more and more investments are being poured into the country making Aseana City a perfect candidate to capitalize it’s potential.
A RISING TIDE
As a home of development, Metro Manila has been flourishing every year notably the Manila Bay Area. A lot of investment has been made to make Manila Bay into a central lifestyle and business area. Making it a home of the most successful investments in the country, particularly the SM Mall of Asia, being the country’s third biggest mall.
After the Manila-Cavite Coastal reclamation in the 1990’s, half of the reclaimed land went to the government and the other half went to the private sector. The history of this huge project is involved by the reclamation of the Wenceslaos.
By 1991, reclamation works for Aseana has begun. By the year of 2003, it entered it’s first land lease and commenced recognition of revenue from leasing of land to S&R. It also started building its first ever commercial real estate project now as we know the Aseana Power Station Building. It is known for its Mcdonald’s branch as we know it is located in front of the Department of Foreign Affairs.
Moving forward, by the year 2012, Aseana One was completed and it is the first out of four commercial projects by the Aseana Holdings. It is designed specifically to cater the Business Process Outsourcing industry. All of the Aseana buildings were finished by the year 2017 and now also catering the emerging entertainment and business industry in the country.
As of now, a population of 20,000 is already employed by the three massive entertainment hubs within the area. Foreseeing as an advantage of living in this emerging center near schools and major universities, hospitals, and within commuting distance of the major business districts.
A study by Leechiu Property Consultants (LPC) revealed that most Metro Manila business districts will be fully developed by 2018. Consequently, masterplanned communities like Aseana City – which still has open spaces – will become even more prime and attractive to other investors that want to ride on the economic growth of the country. This early, LPC notes that office supply in the Bay Area is expected to double by 2021.
LIVING IN A WELL PROGRESSIVE COMMUNITY
Manila Bay has always known as a go-to place because of its majestic setting sun and blowing sea breeze reminding us how lovely it is to be living in a tropical country. Adding the cultural and modern charm, Manila Bay will always be a site to be.
Manila Bay has seen much rapid development in recent years making it the perfect live-work-play concept that has become popular among local property developers today.
While many are simply looking for dwelling and working spaces that will provide basic conveniences, the fast-growing business district that is the Bay Area goes beyond with its hyper sized amenities
The upscale lifestyle brought by Rockwell Land Corporation has finally landed at Laguna.
As of now, D.M. Wenceslao already has twelve finished developments at Aseana City: Aseana One, Aseana Two, Aseana Powerstation, Aseana Town Center, Aseana Square, S&R, Pixel Residences, The Blue Leaf, City of Dreams, Singapore School Manila Motor Image and Hop Inn Hotel. Making it the fifty percent completion of the overall masterplan.
One thing to surely to look out for is the nine-hectare Ayala Aseana mall, making a spot as one of the biggest malls in the country. Wenceslao added that retailers on the lookout for strategic locations have also realized the potential of Aseana City. Aseana Square, which has 25 units of retail and commercial spaces, was leased out within months.
Up to this date, the master planned community has still around forty percent of its area free from structures. Making it a perfect community because of its amenities like office buildings, international schools, restaurants, residential condominiums are soon to rise. In addition, it will be one of the main gateways to residential enclaves of Cavite with the completion of the LRT 1 extension in 2021 and of the Parañaque Integrated Terminal Exchange.
Currently, Aseana City is surpassing Ortigas among central business districts in terms of land value, real estate consultancy firm Colliers International said. Land value in Aseana is estimated to increase to P248,800 per sq m this year.
Just purchased or wanting a home at Aseana City? Tokyo Grand Renovation (TGR) is eager to help you discuss your home renovation ideas. Conveniently located in the leading business district in Metro Manila, TGR’s headquarters is at 9110 La Campana St. cor. Trabajo St., Brgy. Olympia, Makati City, 1207.
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