SunStar Cebu
By Jeandie O. Galolo
Sunday, November 3, 2013
INVESTING in memorial lots are now growing in popularity among local investors as they see a high return on their investments, a memorial lot broker said.
Unlike in the past years when people only considered condominiums, houses and land as good types of investment, Legacy Plains Developer Corp. (LPDC) broker coordinator Arlene Espira said locals nowadays now see memorial lots as good investments.
Espira said most of her clients buy memorial lots not just because they want to prepare for their death but as assets they can sell in the future for a higher price.
She said memorial lot investors can expect to earn 10 percent of their investment every two to three years. If they decide to sell it on the fifth year, they can earn twice as much as their investment.
In one of LPDC’s memorial gardens, the Celestial Meadows in Minglanilla town, the price for a lawn lot now ranges from P98,000 to P122,000. In 2004, a lawn lot type in Celestial Meadows was sold for P30,000.
Aside from high resale value, Espira said memorial lots also offer “peace of mind” to the investors since there is no need for constant maintenance.
She said the maintenance is shouldered by the developer, which already includes the cleaning of the area and the regular trimming of the grass.
Espira said one of her clients chose to invest in different memorial gardens here in Cebu but refused to invest in condominiums or houses saying that memorial lots are a “hassle-free” investment.
The security in the area is another good reason why investors or those whose relatives are buried in private memorial gardens can also be assured of, she said.
Espira said she is also expecting developers who are planning to put up vertical projects in Cebu to consider investing in memorial gardens considering its profitability.
The earthquake last month could also be another factor for developers to lessen vertical projects and focus more on other developments like developing memorial gardens.
Despite the increasing price of a privately-run memorial gardens, Espira said everyone can own one because there are different payment options that they can choose from.
She said Celestial Meadows has an installment option that people can pay from one to five years. The down payment for a lawn lot type is pegged at P2,500.
Celestial Meadows Memorial Garden is a 2.2 hectare property in Poblacion, Minglanilla.
Espira said 90 percent of the property has already been purchase, with 70 percent used. It offers different lot types, including lawns, gardens, court estate and family estate.
LPDC also developed memorial gardens in Toledo, Naga and Moalboal.
Espira said the developer is considering northern part of Cebu and its neighboring provinces.
(The Philippine Star) |
MANILA, Philippines - The plush Heritage Park at the Fort Bonifacio, Taguig City, arguably Metro Manila’s pace-setter in the memorial service industry, endeavours to create an environment most ideal to remembering departed loved ones.
Thus, Heritage Park land owner Bases Conversion and Development Authority (BCDA) launched early this year, new products to provide a beautiful environment for memorializing departed loved ones while giving privacy to families and their visitors.
The objective is to capture the elusive tranquillity imperative to bringing back happy memories of the past to be eternally shared between the living and the dead, particularly in light of the forthcoming All Saints Day.
The reconstructed Heritage Park offers classic Asian architectural designs and beautiful gardens where one could easily get lost in his own thoughts, recalling poignant moments of days gone by.
Aside from nostalgia, Heritage Park is a place where families can enjoy pleasant landscapes, picnic grounds, fishing docks and scenic bicycle lanes for the more active souls. Photography enthusiasts have also practiced their art at the Park’s scenic vistas. A collection of beautiful photographs taken by the visitors can be found at the gallery of Heritage Park’s website.
“BCDA developed the Heritage Park as a place for both the living and the departed. It is a resting place for those who are gone, and a serene and refreshing space in the city for those they left behind,” BCDA president and chief executive officer Arnel Paciano D. Casanova said.
During Heritage Park’s relaunch earlier this year, new customer options were made available, among them include lots at the Pavilion Terraces and in Area 2 of the complex.
The Pavilion Terraces and Church Terraces open a virtual window to a panoramic view of the complex. The Heritage Park Pavilion, the centrepiece of the complex, showcases Oriental architecture, conforming to the strict requirements of Feng Shui beliefs and practices.
The Park also has a collection of impressive facilities including the Columbarium Hallways, the Pavilion’s open courtyard, large viewing chapels, a multi-purpose Tea House, picturesque gardens and water features and first-class lavatories.
“The development of Heritage Park started with a vision to create a memorial park that is unlike no other in the country, now we are not sitting on our laurels and are continuously improving the services,” Casanova said.
The lot sizes range from headstone lawn to family garden or companion garden lots. There are also jumbo estates, premium private estate and private estates.
The Heritage Park is located in Fort Bonifacio, just 15 minutes away from the Makati Central Business District. It is accessible via C5 and Lawton Avenue near McKinley Hill.
FOR INQUIRIES REGARDING MEMORIAL PRODUCTS AND SERVICE AT HERITAGE CONTACT (+632) 938 61 73 / (+63) 927 766 19 11
Fort Bonifacio War Tunnel eyed for development as "heritage site"
Published: Sep 28, 2012 - 9:00am
ABS-CBNNews.com reports that the Bases Conversion Development Authority (BCDA) is eyeing the Fort Bonifacio War Tunnel—which is located underneath C-5, on the eastern portion of Bonifacio Global City in Taguig—for development. According to the BCDA, it could become a "heritage site." The report noted that the tunnel is "30 meters deep and 2.24 kilometers" and has "32 built-in chambers and two passable exits, one leading to Barangay Pembo and the other to Barangay East Rembo."
According to the report, the tunnel, which was first dug up in 1936, "was intended to serve as a stockroom during World War II, and was used to transport supplies" and that "most of the workers employed in the digging were Igorots from Baguio."
The report also quoted BCDA president and chief executive officer Arnel Casanova, who said, "We may tap the private sector for the project. There is a need to preserve the heritage and promote the history that once played a vital role in regaining our freedom and democracy."
FOR INQUIRIES REGARDING MEMORIAL PRODUCTS AND SERVICE AT HERITAGE CONTACT (+632) 938 61 73 / (+63) 927 766 19 11
SPECIAL FEATURE: THE HERITAGE PARK (Fort Bonifacio).
Asia Africa Intelligence Wire | April 27, 2004 | COPYRIGHT 2003 Financial Times Ltd.
(From BusinessWorld (Philippines))
Byline: Jude P. Morte
It is easy to picture a cemetery as rolling lawns and roads dotted with headstones, crosses, mausoleums, cenotaphs, trees and an occasional chapel or two. These places are visually appealing but with a tinge of somber and gloominess due to the dead weight that they carry.
The Heritage Park in Fort Bonifacio, situated along the C-5 area, aims to change the aforementioned notion of memorial parks. Its 76-hectare multipurpose memorial park complex is nicely settled in between the American Battle Monument and the Libingan ng mga Bayani in Fort Bonifacio, with the monumental purpose of introducing a fresh angle as to how Filipinos view the country's final resting places. "Spaciousness, beauty and serenity - you have all these things going for you at Heritage Park," said Jack Kidwiler, chairman and chief executive officer (CEO) of Rosehills Memorial Management Philippines, Inc.
