Latest news with #P420
GMA Network
6 days ago
- Business
- GMA Network
Villar Land bares commercial lot pricing in 3,500-hectare Villar City
Villar Land Holdings Corp., led by Philippines' richest business tycoon Manuel Villar Jr., is optimistic on the growth of its crown jewel —the sprawling 3,500-hectare Villar City located south of Metro Manila and Cavite— as commercial lot prices are cheaper than comparable estate developments coupled with upcoming infrastructure and commercial developments. 'The rising prominence of Villar City is aptly reflected in its commercial lot pricing, a reliable barometer of land values,' Villar Land said in a news release on Wednesday. 'At present, Villar City's commercial lots are still competitive, relative to those in the more established nearby districts,' the company said. In particular, the property developer said commercial lot prices within its Villar City's Innovation District starts at P345,000 per square meter (sqm) —below nearby Filinvest City's prices which range from P396,000 per sqm to P592,000 per sqm. Likewise, commercial lot prices in Ayala Land's Cerca Alabang, also near Villar City, stood at P420,000 per sqm. 'These comparable rates validate Villar Land's fair-value revisions, mirroring actual transaction values in the market,' it said. With this, Villar Land said the still cheaper lot prices at its estate 'leaves room for capital appreciation given the ongoing and upcoming developments that will enhance connectivity, introduce new commercial hubs and lifestyle centers, and attract institutional-grade tenants—transforming underutilized plots into vibrant mixed-use districts and unlocking further upside for early investors.' For instance, the company said infrastructure enhancements such as the Villar Avenue, which serves as the main thoroughfare connecting all districts in Villar City, the Muntinlupa-Cavite Expressway (MCX), and other future developments such as an integrated LRT system and Bus Rapid Transit network 'are all poised to improve connectivity and convenience.' Villar Land is also banking on 'landmark developments' since Villar City's official launch in 2023 —such as the 118-hectare mixed-use estate called Forresta and the Forresta Cafe, which opened early 2024. 'Upcoming developments—such as the Villar City Stadium, two 18-hole championship golf courses designed in partnership with Curley-Wagner Golf Design, and strategic collaborations like the University of the Philippines-Dasmariñas campus—highlight the megacity's focus on deepening its role as a hub for sports, education, leisure and investment,' it said. 'For both homebuyers and investors, Villar Land clearly offers scale, strategic timing, and proven execution. And with Villar City, it is poised to maximize its landbank to create new prime growth corridors that can fuel progress, and deliver real and durable value,' it added. Villar Land said its Villar City came to be 'through decades of strategic acquisitions.' 'By securing these strategic sites decades ago, Villar Land now enjoys an edge in a growth corridor that has begun benefiting from rising land values, dwindling developable land in the metro, and a steady influx of residents and businesses,' it said. —AOL, GMA Integrated News
Yahoo
16-04-2025
- Business
- Yahoo
At Hong Kong's Art Week, Emerging Talent Stole the Show
Released on the heels of this year's Art Basel Hong Kong and Art Central Hong Kong—two annual fairs that presented 420 galleries from around the globe—the Art Basel and UBS Global Art Market Report reveals that in 2024, global art market sales declined by 12 percent, specifically at the high end. But lest that seem like an ominous statistic for the creative sector, the report also disclosed a rise in the auction sales of works less than $5,000, 'while smaller dealers with turnover of less than $250,000 reported a 17 percent rise in business, their second consecutive year of growth.' Even if sales have flagged for the upper segments, enthusiasm among art appreciators has not, with more than 91,000 attendees passing through the Hong Kong Convention and Exhibition Centre during Art Basel's five-day run. Launched in 2013 as the first Basel edition in Asia, the show's main goal was to serve as a platform for galleries and artists in the Asia-Pacific region and position the area as a global art hub. According to Art Basel Hong Kong director Angelle Siyang-Le, that goal remains (more than half of the galleries at the convention are based in Asia), although its nuances have shifted as a result of the pandemic. More from Robb Report Twice as Nice? Why Luxury Condo Buyers Are Doubling Down on Their Favorite Brands Why the 2020 Brunello Vintage Is One of the Best of the Century This New Coffee-Table Book Celebrates Formula 1's History and Heroes '2023 was about the reopening,' Siyang-Le said at the fair's pre-opening press event. '[In] 2024 it was about reconnecting between East and West, and 2025…I feel that naturally, the theme this year and our goal is to repurpose, and how we repurpose is [to] transcend ourselves beyond buying and selling platforms to date, what we called an intersection for creative opportunities.' While a handful of blue-chip galleries boasted six-and-seven-figure sales (most notably, David Zwirner, which sold Yayoi Kusama's 2013 work INFINITY-NETS [ORUPX] (2013) for $3.5 million), there was a strong representation from small and mid-sized galleries (the roster of 23 newcomers included Bologna-based P420 with a solo presentation dedicated to Irma Blank, Paris' Galerie Allen with a delicate, wire-suspended mixed-media installation from Kirill Savchenkov, and a mix of work from New York's Nicelle Beauchene Gallery), as well as a section, dubbed 'Discoveries' for work created specifically for the show by emerging artists. Here, a much-Instagrammed installation by Korean artist Shin Min, through P21 Gallery, was the recipient of the first-ever MGM Discoveries Art Prize. Titled Ew! There is hair in the food!!, the grouping of paper figures is a biting commentary on the discrimination, expectations, and pressures women face while working in the corporate food service industry. It's these bold, sharply message-driven works that are catching the eye of the next class of art collectors—a discerning group who grew up during the advent of contemporary technology that allowed them to connect with the world and exchange ideas and information at a progressively rapid pace. 'We have seen increasing traction from younger generations,' says Amy Lo, chairman of global wealth management Asia and head and chief executive of UBS Hong Kong. 'Gen X is the biggest in terms of purchasing power and sales.' Lo also notes that, '69 percent of high-net-worth individuals are buying and purchasing from new artists. They tell us their main focus is on the new talents [and] 95 percent said they will be local-focused.' For those fair-goers looking for more cutting-edge or experimental work, the 10th edition of Art Central—a satellite show held at Hong Kong's Central Harbourfront—delivered in spades. Here, a vibrant, more youthful sensibility ruled, with kinetic sculptures, optical illusions, dance performances, pieces saturated with in-your-face color, and layered textures that made it hard not to reach out and touch the work. (French jewelry designer Shourouk Rhaiem's My Dream Kitchen featured a multi-tiered metal shelving unit chock full of 27 vintage household items, all bedazzled with Swarovski crystals.) Pop motifs mixed with skilled craft rooted in history (at Galería Casa Cuadrada, Portuguese artist Vanessa Barragão's utilized textile techniques like latch hook and crochet to transform recycled materials into her knit wall sculpture, Euphoria I), and for the first year, the fair placed an emphasis on photography. Even the most abstract works seemed to have touchpoints, whether material, theme, text, or pattern, that made them relatable to the general viewer. Back for the second year, Neo brought 15 galleries from Asia, Europe, and the Americas to present undiscovered artists in the early years of their careers. Participants like Shanghai's Astra Art, Seoul's FIM, MJK Gallery in Tokyo, and Monolog Gallery out of Belgrade are all less than three years old, but their inclusion doubled-down on Art Central's commitment to being an incubator to new talent, and the city's greater interest in creative cultural exchange. 'Hong Kong historically has always been a hub,' Art Basel's Siyang-Le says. 'What we are doing here is to increase the awareness of art and culture…not only to service just the VIPs, but everyone in the city.' Best of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
Yahoo
15-04-2025
- Business
- Yahoo
At Hong Kong's Art Week, Emerging Talent Stole the Show
Released on the heels of this year's Art Basel Hong Kong and Art Central Hong Kong—two annual fairs that presented 420 galleries from around the globe—the Art Basel and UBS Global Art Market Report reveals that in 2024, global art market sales declined by 12 percent, specifically at the high end. But lest that seem like an ominous statistic for the creative sector, the report also disclosed a rise in the auction sales of works less than $5,000, 'while smaller dealers with turnover of less than $250,000 reported a 17 percent rise in business, their second consecutive year of growth.' Even if sales have flagged for the upper segments, enthusiasm among art appreciators has not, with more than 91,000 attendees passing through the Hong Kong Convention and Exhibition Centre during Art Basel's five-day run. Launched in 2013 as the first Basel edition in Asia, the show's main goal was to serve as a platform for galleries and artists in the Asia-Pacific region and position the area as a global art hub. According to Art Basel Hong Kong director Angelle Siyang-Le, that goal remains (more than half of the galleries at the convention are based in Asia), although its nuances have shifted as a result of the pandemic. More from Robb Report Twice as Nice? Why Luxury Condo Buyers Are Doubling Down on Their Favorite Brands Why the 2020 Brunello Vintage Is One of the Best of the Century This New Coffee-Table Book Celebrates Formula 1's History and Heroes '2023 was about the reopening,' Siyang-Le said at the fair's pre-opening press event. '[In] 2024 it was about reconnecting between East and West, and 2025…I feel that naturally, the theme this year and our goal is to repurpose, and how we repurpose is [to] transcend ourselves beyond buying and selling platforms to date, what we called an intersection for creative opportunities.' While a handful of blue-chip galleries boasted six-and-seven-figure sales (most notably, David Zwirner, which sold Yayoi Kusama's 2013 work INFINITY-NETS [ORUPX] (2013) for $3.5 million), there was a strong representation from small and mid-sized galleries (the roster of 23 newcomers included Bologna-based P420 with a solo presentation dedicated to Irma Blank, Paris' Galerie Allen with a delicate, wire-suspended mixed-media installation from Kirill Savchenkov, and a mix of work from New York's Nicelle Beauchene Gallery), as well as a section, dubbed 'Discoveries' for work created specifically for the show by emerging artists. Here, a much-Instagrammed installation by Korean artist Shin Min, through P21 Gallery, was the recipient of the first-ever MGM Discoveries Art Prize. Titled Ew! There is hair in the food!!, the grouping of paper figures is a biting commentary on the discrimination, expectations, and pressures women face while working in the corporate food service industry. It's these bold, sharply message-driven works that are catching the eye of the next class of art collectors—a discerning group who grew up during the advent of contemporary technology that allowed them to connect with the world and exchange ideas and information at a progressively rapid pace. 'We have seen increasing traction from younger generations,' says Amy Lo, chairman of global wealth management Asia and head and chief executive of UBS Hong Kong. 'Gen X is the biggest in terms of purchasing power and sales.' Lo also notes that, '69 percent of high-net-worth individuals are buying and purchasing from new artists. They tell us their main focus is on the new talents [and] 95 percent said they will be local-focused.' For those fair-goers looking for more cutting-edge or experimental work, the 10th edition of Art Central—a satellite show held at Hong Kong's Central Harbourfront—delivered in spades. Here, a vibrant, more youthful sensibility ruled, with kinetic sculptures, optical illusions, dance performances, pieces saturated with in-your-face color, and layered textures that made it hard not to reach out and touch the work. (French jewelry designer Shourouk Rhaiem's My Dream Kitchen featured a multi-tiered metal shelving unit chock full of 27 vintage household items, all bedazzled with Swarovski crystals.) Pop motifs mixed with skilled craft rooted in history (at Galería Casa Cuadrada, Portuguese artist Vanessa Barragão's utilized textile techniques like latch hook and crochet to transform recycled materials into her knit wall sculpture, Euphoria I), and for the first year, the fair placed an emphasis on photography. Even the most abstract works seemed to have touchpoints, whether material, theme, text, or pattern, that made them relatable to the general viewer. Back for the second year, Neo brought 15 galleries from Asia, Europe, and the Americas to present undiscovered artists in the early years of their careers. Participants like Shanghai's Astra Art, Seoul's FIM, MJK Gallery in Tokyo, and Monolog Gallery out of Belgrade are all less than three years old, but their inclusion doubled-down on Art Central's commitment to being an incubator to new talent, and the city's greater interest in creative cultural exchange. 'Hong Kong historically has always been a hub,' Art Basel's Siyang-Le says. 'What we are doing here is to increase the awareness of art and culture…not only to service just the VIPs, but everyone in the city.' Best of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
