This document provides a history of Makati City in the Philippines. It describes how Makati transitioned from a rural agricultural area to a modern, urban city. In the pre-Spanish era, Makati was dominated by swamps and grasslands. In the late 1500s, it became a district of Santa Ana de Sapa under Franciscan rule. In the early 1900s, Makati remained a third class agricultural community relying on rice and horse fodder. After World War 2, wealthy families and businesses began moving to Makati, developing it into a modern, affluent city with new villages, skyscrapers, and commercial areas. Makati is now one of the most important business and economic centers in the Philippines
Real estate investment is a good avenue for building wealth, provided that you choose the right location and property to invest in. With the Philippines' robust economic growth, swift increase in foreign investment, and reform-minded government, buyer and investor confidence is at its peak, especially for office space and buildings in major business districts as well as luxurious residential spaces and condominiums. http://kmcmaggroup.com/blog/2013/9/5/infographic-an-investors-guide-to-metro-manila-real-estate/
Real estate investment is a good avenue for building wealth, provided that you choose the right location and property to invest in. With the Philippines' robust economic growth, swift increase in foreign investment, and reform-minded government, buyer and investor confidence is at its peak, especially for office space and buildings in major business districts as well as luxurious residential spaces and condominiums. http://kmcmaggroup.com/blog/2013/9/5/infographic-an-investors-guide-to-metro-manila-real-estate/
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2014 Real Estate Market Update and 2015 Forecast PhilippinesKMC Savills, Inc.
What's next for Philippine real estate? The sentiment on the Philippine economy remains generally positive. Despite the slowdown, the Philippine economy is still seen as the fastest-growing among the ASEAN-6, as it claims the highest GDP forecast in the region for 2014 to 2015. It is likely to trail behind China (or even India) as among the robust economies in Asia. And it looks like the expansion and growth of the local economy will continue through next year.
The property market in the Philippines is still in a sweet spot. This year, we have seen some big investments rise from the ground with local developers and foreign investors creating a new landscape, doing their best to deliver to the increasing demand and activity in the market. Metro Manila's central business districts and other prime locations in the city have become home to new residential communities and have been the hot spots for expanding office developments and booming retail markets. The third quarter property market update reflects high investor confidence. With the upcoming developments and launches and ongoing constructions, the industry is in an upward spiral. The office market is the most active and popular of all the assets and property types. Residential real estate hasn't lost steam, although market interest is shifting towards the lower segment. The steady flow of OFW (overseas Filipino workers) remittances, booming IT-BPO industry, increasing domestic demand, and growth in tourist arrivals over the next few years drive growth in the property market. With the Philippines' fast-growing economy, it is slated to become a top real estate market in the coming years.
Office market
It's a landlord market for the office and commercial property sector, and it is likely to stay this way because of the shortage in supply. The office market has an impressive third quarter performance. We can see an early upswing for the office market and commercial property sector. There's an increasing demand and decreasing vacancy, resulting in a price increase. In central business districts, there are single-digit vacancy rates below five percent. Take-up is rather impressive. We can see new and upcoming supplies putting some pressure on rental prices and vacancy rates. However, rental growth will be at a more conservative pace. As prime office supply in CBDs stays low through 2016, the demand in the leasing market and interest particularly on serviced offices will be sustained, especially with the IT-BPO and KPO industry's expansion and SMEs wanting to test the market first. Investors and developers should explore the idea of developing new CBDs as BGC, Makati, and Ortigas start to fill to the brim and become saturated. Great locations would be Quezon City and Bay City. CBDs can also be developed in other parts of the country, with the rise of Next Wave Cities that have turned into promising investment destinations.
Here is an example of a business plan for a hotel. For confidentiality reasons most of the content was blurred. More examples on www.BizPlanTonight.com
The module "Business Plan" of the Master in Tourism Management of IULM university enables participants to elaborate a team entrepreneurial project based on a strategic and economical analysis, applying tools and methodologies learnt during the Master under the supervision of a tutor. The project "New Hotel Enterprise" (MTM IV edition) aims at the creation of a business plan for a new hotel structure located in one of the major Lombard provinces. The hotel will be a part of a Multi-functional Services Center, a new point of reference for the commercial activities and public administration of the city. The tutor of the project is Mr. Sergio Mancuso, Responsible for Tourism in TEH Ambrosetti.
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1. Makati City
“from Grass to Class”
Prepared by:
Kate S. Magpoc
Nikki Lopena
Angelina M. Balatbat
Majella Marie Miguel
Angela Chalice Santuyo
2. Introduction
The purpose of this unit of study is to give students a
basic understanding of the study of hospitality as an
emerging discipline worthy of rigorous study and to orient
the students to the hospitality industry and the issues
which confront it. This will include introducing students
to the depth and scope of hospitality as a social concept,
with an emphasis on developing a sensitivity to and
understanding of the forces that shape the industry, and
with reference to their own skills and characteristics.
5. In the pre-Spanish era, Makati was ruled by Lakan Tagkan and his wife Bouan. The area
was then predominated by swamps and cogon grass overlooking the banks of the Pasig
River. It was Don Miguel Lopez de Legaspi, the founder of Manila and first governor-
general of the Philippines, who first spotted the area. Legaspi asked the name of the place
and because of the language barrier, this was misinterpreted by the natives. Thus, pointing
to the receding tide of the Pasig River, the natives answered “Makati na, Kumati na,”
referring to the “ebbing tide.”
Between the years 1578 to 1670, Makati was a “vista” or a district of Santa Ana de Sapa
under the jurisdiction of a Franciscan priest named Pedro De Alfaro. Its second name was
San Pedro de Makati, which was derived in honor of its patron saint. At times, the town
was called “Sampiro,” a corruption of its name San Pedro. In 1890, San Pedro de Makati
was decreed a public town of Manila.
The peace treaty of 1900, ending the Filipino American War, saw Makati under a
municipal president.
The Philippine Commonwealth Act No. 137 dated June 11, 1901 incorporated San Pedro
de Makati into the province of Rizal. Two years later, a town administrator was installed
to supervise the affairs of the community.
After the turn of the century, Makati remained a third class agricultural community
wherein the means of livelihood came from cultivated rice and horse fodder.
6. The Philippine Commonwealth Act No. 137 dated June 11, 1901 incorporated San Pedro de
Makati into the province of Rizal. Two years later, a town administrator was installed to
supervise the affairs of the community.
After the turn of the century, Makati remained a third class agricultural community wherein
the means of livelihood came from cultivated rice and horse fodder.
In 1914, the Philippine Legislature Act No. 2390 changed the name of San Pedro de Makati
to Makati, which has remained its official name. The year 1962 saw the construction of a
new municipal building for the local administration of Makati. It was erected on a two-
hectare lot donated by the Ayala Securities Corporation. Makati had comprised three areas:
the new town of Makati; the old communities not owned previously or at present by the
Ayala Corporation; and the Fort Bonifacio.
The new town of Makati was attributed to the Ayalas who had been closely adhering to
their master plan of developing Makati into the most modern community in the country. It
was forty years ago when the first of its modern communities, Forbes Park, was opened to
attract affluent families, foreign capitalists, business tycoons industrial titans. Now, it boasts
of six (6) affluent villages with defined residential zones, steel and concrete avenues, first
class facilities and services, ultra-modern skyscrapers, and convenient commercial and
recreational facilities. More than one third of the total land area of the city is located in new
Makati.
7. Beyond the fences of the affluent villages, however, lay the old town of Makati. It was a
typical urban center composed of 17 crowded barangays where the remnants of history were
still visible in a hodge-podge of factories, establishments, century-old schools, and modern
churches.
These two extreme contrasts of the Makati community compelled a writer to describe it as an
“artificially inseminated society because it was never left alone to conceive itself.”
The area of Fort Bonifacio, on the other hand, was composed of barangays Cembo, South
Cembo, Comembo, East Rembo, Pembo, Pitogo, Post Proper North, Post Proper South, Rizal
and West Rembo. It had a total land area of 5.4436 square kilometers, with 4.4027 square
kilometers used by the military.
During the last years of the Marcos administration, the City of Makati became the familiar
ground for numerous protest rallies and marches of the various opposition groups. It was in
Makati, particularly the stretch of Ayala, where the confetti revolution started. Major rallies
held in Makati were greeted by confetti made of shredded yellow pages of phone directories.
Ugarte Field replaced Plaza Miranda as the frequent venue of many public rallies to express
the people‟s indignation against the late President Marcos and his government.
The City of Makati had been governed by seventeen (17) Administrators from the early 1901
up to the present (Annex 1). During the past two decades, development efforts have been
concertedly undertaken, resulting in the face-lifting of Makati‟s “old town” and the
emergence of its “new town”.
8. After the February Revolution, President Corazon C. Aquino appointed Atty. Jejomar C. Binay to take the
reins of the Makati government. Considered as a human rights advocate, Mayor Binay started the
rehabilitation and restructuring of the local government set-up to promote better delivery of services to the
community. The impact of his initial measures earned him the mandate of the people. Mayor Binay was duly
elected as the town‟s 16th administrator in the local elections of January 1988. In the May 1992 elections, he
was re-elected as the town‟s local chief executive.
The year 1995 was one of the most the significant periods for the administration of Mayor Binay and the
local populace of Makati. It was in this year that the conversion of the Municipality of Makati into a highly
urbanized city took effect with the signing of Republic Act 7854 by President Fidel V. Ramos on January 2,
1995 followed by the overwhelming approval of the residents in a plebiscite held on February 4, 1995. As
provided by the City Charter, Makati is now divided into two congressional districts that correspond to the
two existing districts created by Republic Act No. 7166, as implemented by the Commission on Elections,
except that barangays Magallanes, Forbes Park and Dasmariñas are now in District I in lieu of barangay
Guadalupe Viejo, which became part of District II.
The 1991 Local Government Code limits the term of all elected local government officials to only three
consecutive terms. This provision, however, did not hamper the continuance of Mayor Jojo Binay‟s brand of
public service.
In 1998, the mayor passed the torch to his wife, Dr. Elenita S. Binay, a doctor of medicine, who was
overwhelmingly elected by the local populace to become the 17th Mayor and the „First Woman Chief
Executive‟ of Makati City. It was during her administration that the city won the Philippine Quality Award
(PQA) Commitment to Quality for exemplary organizational performance. Makati was the only LGU which
won the award in year 2000.
9. Radyo Makati, a regular Sunday radio program on DWIZ hosted by Mayor Binay and Vice
Mayor Ernesto S. Mercado from 7:30am to 9:00am, was awarded the Jaime Cardinal Sin Serviam
Award for “Outstanding Community Service in the Promotion of Christian Values” in the 2004
Catholic Mass Media Awards.
In the area of peace and order, the city gained many milestones thru various recognitions earned
by its peacekeeping bodies. The Makati City Peace and Order Council made it to the “Hall of
Fame” for the second time when the National Police Commission named it the Best City Peace
and Order Council in the Highly Urbanized Category from 2002 to 2004, a title which the
Council held from 1995 to 1997.
Likewise, the Makati Police Station was adjudged the best in the country in 2004, and won the
Patrol 117 Award for Best Crime Responder given by the Philippine National Police. The Makati
Fire Station was also named Best Fire Station in the National Capital Region in 2004.
The mayoral election held on May 2001 gave another opportunity for Mayor Jejomar C. Binay to
continue his leadership as the city‟s top public official. It was during this term that the City of
Makati won international and local acclaim for its noteworthy programs. The Makati Health
Program, popularly known as “Yellow Card,” won the Dubai International “Best Practices”
Award for 2002, a joint project of the United Nations Human Settlements Program (UN-
HABITAT) and the Municipality of Dubai, for its “outstanding contributions towards improving
the living environment.”
Makati likewise reinforced its claim as the country‟s leader in e-governance thru information
technology when its official website, www.makati.gov.ph, won the much coveted Philippine E-
Government Award by the Philippine Internet Commerce Society in 2002.
10. In the Philippine Cities Competitiveness Ranking Program of the Asian Institute of
Management Policy Center, Makati was cited as the Most Dynamic City in 2004, and one of
the Top Five Performing Cities in 2005.
The year 2006 marked the conferment of more prestigious distinctions on the mayor and his
city. Mayor Binay was named among the Top Ten World Mayors in 2006, ranking fourth out
of 677 mayors from Asia, U.S.A., Europe and South America in an internet-based survey
aimed to promote strong cities and good governance.
The Makati City Disaster Coordinating Council (MCDCC) was a recipient of the 2006
Gawad Kalasag award in the Highly Urbanized/Independent City category. In giving the
award, the National Disaster Coordinating Council cited the Makati Rescue, a widely
recognized component of the MDCC that renders both medical and technical support
services, and the Makati C3 EARS (Command, Control & Communication Emergency Alert
and Response System) Center, a mini-911 capable of receiving and responding to emergency
calls anywhere in Makati on a 24/7 basis.
The primordial importance given by the city government to the welfare of its young
constituents, as demonstrated by its outstanding programs promoting their holistic
development, was duly recognized when Makati won the 2006 and 2007 Presidential Award
for Most Child-Friendly City in the National Capital Region.
13. Lodging
Properties Location
DOT
Standards Strengths Weaknesses
Peninsula Hotel
Manila
1226 Makati City
Makati Shangri-
La Hotel
Ayala Avenue
corner,Makati
Avenue,Makati
City 1200,Metro
Manila
Fairmont Hotels
and Resorts
1 Raffles Drive,
Makati Avenue
Makati City
Philippines
Dusit Thani
Makati
Epifanio de los
Santos Avenue,
Makati City 1223
New World
Makati Hotel
A. Arnaiz Ave,
Makati City