Home Care
Ortigas Land sees bull run for luxury real estate with The Galleon
Experts predict that momentum for the market will be maintained as demand will likely remain robust for the sector, with investors presented with opportunities for stable returns.
After recuperating from the pandemic-induced economic challenges, the luxury property market is seen to sustain its recovery this 2023. Experts predict that momentum for the market will be maintained as demand will likely remain robust for the sector, with investors presented with opportunities for stable returns.
“Now is the time to explore more real estate investment options, especially seeing the overall positive outlook on the luxury property market in the near future,” said Ortigas Land AVP and Residential Business Unit Head, Jenna J. Belardo. “As the economy continues its recovery to pre-pandemic levels, individuals looking for a stream of stable, passive income can maximize the growth potential of luxury developments.”
Real estate recovery is slow but sure
Real estate experts at Colliers Philippines share optimistic growth projections for the Philippine residential market following substantial recovery rates in 2022. Findings indicate that in the previous year, about 20,000 condominium units were sold in the pre-selling sector alone. This led to a 17.6% drop in vacancies which is also expected to improve until 2025 steadily. The numbers shared prove that increased latency and sustained market growth are evident throughout the different property segments in the country. Although the Asian Development Bank (ADB) predicts a slightly slower pace in the country’s gross domestic product (GDP) upturn, from 6.5% last year to 6.3% in 2023, experts expect a bull run in the overall property market after its recovery in 2023 — spelling positive forecasts in the coming years.
Good news for Luxury Residentials and Office Spaces
Findings from Colliers state that the luxury residential segment made up 28% of total take-up in September 2022, up from −1.6% during the same period in 2021. This suggests growing investor confidence in luxury real estate in the past year. “This market will remain resilient amid the rising interest and mortgage rates,” said Colliers in its Philippine Property Outlook report for 2023. Based on the numbers, Colliers projects that the demand for luxury developments will likely remain due to investors anchoring on these properties for capital appreciation.
Zeroing in on the office segment, Colliers projects further recovery in 2023. This will be buoyed by take-up from IT-BPM firms and traditional corporate occupiers in the legal, engineering, construction, and government fields.
Investing in a prime address
One of Ortigas Land’s luxury offerings is The Galleon, a two-tower, mixed-use project anchored at the heart of the Ortigas Central Business District. The Galleon is of a modern and sophisticated design inspired by a ship, highlighting elegance from every angle.
Its two towers consist of Offices at The Galleon, a 38-level premier office tower that is able to cater to various organizations, from start-up companies to large-scale corporations. The development also offers residential spaces at Residences at The Galleon, which boasts 51 floors of high-end interiors and amenities.
The Galleon is the prime location for various target markets, such as C-level employees working within the Ortigas CBD or families looking to embrace an urban lifestyle, because of the convenience and accessibility it brings. Moreover, The Galleon maximizes the luxury of space with its upscale amenities for residential, office, and retail spaces, as well as modern living with eco-conscious features, built-in smart home systems, and high-speed fiber connectivity.
Ortigas Land sees The Galleon as a viable investment, “The Galleon has a strong location in the heart of the Ortigas Central Business District,” said Belardo.
“The Galleon also has numerous surrounding infrastructure projects underway such as the BGC-Ortigas Center Link Road Project, Metro Manila Subway Project, and MRT-4 that will push the value appreciation of the property even more. These factors working together show that in the coming years, with The Galleon, you can expect a good return on investment,” she added.
The development’s strategic location connects its tenants to major metropolitan locations and ongoing infrastructure projects that cement The Galleon’s growing appreciation and returns in the coming years. Investors are treated with endless opportunities supporting a live, work, play balanced lifestyle, as the property can also be an income-generating investment. With this, Ortigas Land has been able to integrate its tenants into its commitment to maintaining well-built developments and master-planned communities.
The expected turnover of Offices at The Galleon is by the fourth quarter of 2026, while Residences at The Galleon will be turned over by the fourth quarter of 2028.
For more information, check out the Ortigas Land website at www.ortigas.com.ph.
Home Care
Tips to a residential refresh
We all look for a “home”, not just a “house”. Mainly because your home is an expression of you, your personality and your lifestyle. And this is why when it comes to personalizing your home’s aesthetic, try leaning into your senses to inspire change within your space.
Talking about personalizing your home, inspiration can be found everywhere around you – from taking cues from Mother Nature to “shopping” your own house or, with a little help from Air Wick, finding and incorporating your home’s signature scent.
Give yourself a residential refresh with these tips:
Rearrange Living Spaces
Breathing fresh air into a room doesn’t always require a complete overhaul, or even any construction or DIY projects. Sometimes all you need is a little rearranging. Shifting furniture to better suit your needs or let more natural light in can significantly improve the space’s aesthetic.
Additionally, the items you currently own are most reflective of your style; try “shopping” your own house by repurposing items from other areas or rooms to give them a fresh feel. When decor pieces are overused in one spot, they may feel brand new in a different space. These are practical and cost-effective tactics to create a new and inviting space for both you and any guests entering your home.
Introduce Plants and Greenery
When sourcing your design inspiration from nature, adding greenery is an inherent way to bring in the beauty and freshness of the great outdoors. To personalize your home with plants, visit a nursery or local flower shop and choose ones that are appealing to you based on their shape, color or size. Live plants offer multiple benefits, like naturally purifying the air, and studies have shown numerous therapeutic benefits of spending time with nature. Therefore, designing with natural elements, like house plants or flowers, can bring a sense of serenity into your home.
Find Your “Scentscape”
A home upgrade rooted in nature includes more than just what you can see and feel, it also includes engaging the sense of smell. One of the latest home decor trends, “scentscaping,” is growing in popularity as a way for individuals to enhance the ambiance of their homes through tailored scent.
“Scent is an often-overlooked aspect of design,” said Egypt Sherrod, HGTV personality who is both an interior designer and real estate broker, and Air Wick partner. “People tour homes and experience spaces with all their senses. It adds a new layer to home personalization, as an authentic fragrance experience often heightens the aura of your space beyond its physical layout. Scentscaping is the perfect way to add a bespoke vibe for your home that reflects your personal style, in turn creating a welcoming atmosphere.”
With innovative devices designed to deliver carefully blended scents like Air Wick’s Advanced Plug-In Scented Oil, you can enjoy long-lasting pulses of scents inspired by nature in the comfort of your home for up to 60 days on low setting. With anti-fading technology, an on-demand boost button and adjustable intensity settings, you’ll notice the fragrances from the first drop to the last.
Update Colors
Introducing color to a room can transform its look, and the scale of change is up to you. You might repaint the entire space, simply paint an accent wall or even just spruce up a corner with a pop of color. Incorporating accessories or decorative elements with new colors can also create some variety, such as including pops of seasonal-inspired colors in artwork and textiles.
Switch Out Light Fixtures
A room’s lighting is an important detail for personalizing the type of mood and ambiance you are trying to achieve. Swapping out light fixtures for dimmers, for example, can create a brand new atmosphere, allowing you to adjust the light to the time of day and for your intended experience. Consider updating old lighting fixtures with new ones to enhance the presence of natural light or changing the bulb wattage to further impact the mood.
Embrace the Scent of the Season
If you tend to make frequent edits to your home’s design, you may also find the idea of experimenting with different fragrances appealing. A short-term scent can be ideal for seasonal swaps, like trading fresh spring blooms for sweet summer citrus, for example. Lasting for up to 45 days on low setting, Air Wick’s Essential Mist Diffuser fills the room with a gentle, fragrant mist with natural essential oils so you can set it and forget it. Adjustable settings are included on the device, and the cordless and portable design allow it to blend seamlessly into any home decor.
Scentscaping to Give Your Home a Personalized Style
Achieving your perfect scentscape begins with nature-inspired fragrances, including classics like White Sage + Mahogany, Lavender + Waterlily and Eucalyptus + Wild Berry. If sweeter scents are your preference, consider enticing blends like Pink Watermelon + Mimosa, Lush Honeysuckle + Raspberry or Hawaiian Guava + Tropical Flowers.
To establish a one-of-a-kind scentscape for your home, start with these tips from Sherrod:
- Identify your scent preferences, whether leaning toward citrus, spicy, fruity, floral or woody notes.
- Consider the scent’s intensity and the scent level you and your guests find pleasing.
- If you plan on creating room-specific scents, or want to use different fragrances in each room, consider how these scents interact with one another to harmonize the scents with contrasts that add dimension.
- Consider rotating your seasonal scents to freshen up your home and bring new energy to your space at different times of the year.
- Maintain a scent balance so different scents do not overpower each other. Rather, create a soft and pleasing aroma that establishes inviting spaces throughout your home.
Home Care
6 Solutions to safeguard valuables while moving
After moving into a new space, there’s an immediate need to keep valuables and important documents organized and secure in case of theft, fire or flood.
Moving season means packing up valuables like tech devices, family heirlooms, jewelry and beyond and trusting they’ll make it safely to your new space. Ensuring a new home or apartment is properly secured is top of mind for many homeowners and renters, for both their personal safety and their most prized possessions.
After moving into a new space, there’s an immediate need to keep valuables and important documents organized and secure in case of theft, fire or flood. Whether or not a large security system is available on-site, Master Lock and SentrySafe’s DIY security and safety solutions equip your home with an extra line of defense and provide new homeowners and renters confidence.
Bar the Door
For instance, the Master Lock 270D Folding Door Bar is a reliable, on-the-go solution that’s perfect for securing entry doors during a move-in transition. It offers an updated design from the original – now more compact with a quick-release foldable design for ultimate convenience and portability. Folding to just 16.5 inches and extending up to 43.5 inches, it’s small enough to fit in a backpack but strong enough to prevent forced entry on hinged, patio and sliding doors due to the pivoting rubber grips.
Keep Your Property Secure
Look for those that feature expanded storage capacity to accommodate keys, fobs and cards, ensuring safety and convenience when accessing a home or apartment. The dials on the lock box are easy to read and grip, providing smooth operation. Built to last, the solid metal body with a rubber bumper protects against tampering while safeguarding surfaces from scratches and damage.
Turn to a Timeless Security Device
Keeping valuables secure can start with a tried-and-true classic solution. These versatile security devices can be used for a wide range of applications. Extend the security of your valuables during a move by using it on self-storage units and lockers, trailers, vans and moving trucks.
Fireproof and Protect Valuables at Home
Consider fireproof and waterproof solutions (e.g. SentrySafe FPW082HTC Fireproof and Waterproof Safe) as these could be your line of defense against fire, water and theft. The best-in-class fire and water protection solutions feature 1-hour UL-certified fire resistance at 1,700 F and ETL-verified protection in up to 5 inches of water for 24 hours. These could also have security built-in technology that offer an advanced, multi-point protection system that effectively resists physical attacks and lock manipulation while its pry-resistant hinge bar in the safe door protects against theft attempts.
Safeguard Documents and Files
Provide yourself an extra line of defense (for instance, with the SentrySafe FHW40100 Digital Fireproof/Waterproof File Safe) that safeguards important documents and records with a durable design and peril protection. Built to hold hanging file folders for easy organization, such a safe can be easily transported with its convenient carrying handle when moving into a new home or apartment.
Opt for Renter-Friendly Security
Renters who live in a small space may not be ready for a full-sized safe. Lightweight offerings – such as the SentrySafe 1200 Fire Chest – are affordable and convenient security solutions that safeguard precious valuables and electronics from theft attempts to keep items safe and sound. It’s convenient carrying handle allows users to easily move the chest from room to room and seamlessly pack and store their valuables at the end of their lease.
Get more information from MasterLock.com and SentrySafe.com.
Home Care
How to check for bed bugs
Following these tips to check for the pesky insects while traveling and back at home.
Bedbugs can make you itch just by thinking about them. These tiny, reddish-brown insects that feed on blood are notorious for infiltrating hotel rooms and luggage, hitchhiking their way back to a new home virtually undetected.
“Understanding what to be on the lookout for when checking for bedbugs is key,” said Danilo Del Campo, MD, FAAD, a board-certified dermatologist in Chicago. “If you’re able to catch the infestation early enough you can avoid bringing a problem home, which can save a lot of frustration. However, these insects are tiny and that’s not always possible.”
Although bedbug bites are not usually dangerous, bedbugs can come home with you, infest your home, and cause a great deal of discomfort and anxiety. If bedbugs are present in your home, you will likely find bites on your body. These bites sometimes turn into itchy, red or purple welts and are often found in zigzag clusters of 3 to 5 bites.
To find bedbugs before they find you, Dr. Del Campo and the AAD recommend following these tips to check for the pesky insects while traveling and back at home:
1. Store your luggage.
When you arrive at your lodging, temporarily place your luggage in a tiled area, like the bathroom, while you inspect your room. There are fewer spots for bedbugs to hide in bathrooms, so you can check your room without worry.
2. Check your furniture.
Bedbugs often hide in upholstered areas. Carefully inspect your bedding, mattress, headboard, and any fabric-covered furniture for:
- Rusty or reddish specks of blood.
- Tiny, blackish dots that look like dots made by a marker—these may be bedbug feces.
- Whitish, oval bedbug eggs the size of apple seeds.
- Shell-like bedbug exoskeletons.
- Live bedbugs.
3. Check your room.
Make sure to check the seams of fabric, in dressers, behind wall hangings or wallpaper, in corners, and in between cushions. If a credit card could fit in a crack, a bedbug could fit, too—they are that small.
- After you check your room, you can bring your luggage in.
- Place your bags on a luggage rack away from the wall.
- If you find signs of bedbugs, request a new room.
4. Check your luggage when you get home.
After your trip, look at your belongings before unpacking to make sure no bedbugs came home with you.
- Use a flashlight to check the contents of your bags, including the seams of your clothing—look closely at your luggage to make sure no bedbugs are hiding inside.
- If you find signs of bedbugs in your luggage, wash your clothes on high heat and use a hand steamer to clean your luggage.
If you notice any physical signs of bedbugs on your body or experience blistering, a skin infection (bites feel tender or ooze discharge, such as pus), or an allergic reaction (red or purple swollen skin or hives), make an appointment with a board-certified dermatologist.
You’ll rarely see bedbugs due to their small size, so many people mistake their bites for mosquitoes, fleas, spiders, or common skin conditions such as a rash or chickenpox.
“Unfortunately, bedbug bites can look similar to other insect bites,” said Dr. Del Campo. “A dermatologist will be able to help determine the cause of your bites and symptoms.”
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