drbubb

Yeah. You could be right. I am looking for HK-12 to peak out somewhere around $60-65. But there should be no need to get to expectant of falls until some sort of peak is in place. And like Barratt, Henderson may keep rising and defy my expectations. So maybe "wait and see" is now the best policy for most folks.

ALVIERA / AYALA & LEONIO LANDS' Alviera Where : Porac City, Pampanga, Luzon - near Clark airport Website: http://alviera.ph/ Porac poised for progress with Alviera development by Manila Bulletin Thusday February 5, 2015 Porac is in for another transformation, one which will propel the once barren land to the topmost of business, leisure, institutional, residential and recreational destinations of Central Luzon. Progress meets the plains in the new 1,100-hectare estate development rising from Ayala Land, Inc. (ALI). The pioneering developer of masterplanned communities has partnered with Leonio Land to unveil Alviera, located just off the Porac Interchange along SCTEX. “We see it as urban living, embraced by nature as we are building around the area’s scenic natural terrain. Nature plays a strong part of the Alviera experience. Alviera is envisioned to be the growth center of Central Luzon,” said Meean Dy, Strategic Landbank Management Group Head, and VP of Ayala Land. Ayala Land, Inc., in partnership with Leonio Land, is launching its latest large-scale, integrated mixed-use development in Porac, Pampanga called Alviera, a 1,125-hectare township designed to seamlessly combine urban living with nature. The first of Alviera’s attractions is SandBox, which offers visitors memorable outdoor experiences from a number of attractions and adventure courses. Alviera will be a mixed-use township in Porac, Pampanga located within the Subic-Clark corridor and taking advantage of the accessibility provided by NLEX and SCTEX. The vision for the development is to establish an all-inclusive progressive growth center in Central Luzon to serve as base for commerce and industry. Aside from residential and commercial projects, a PEZA zone for industries similar to the Ayala Land- managed Laguna Technopark will be built within Alviera. Comments: April 2014 1/ The 1st residential community in Nuvali is Abrio (2007) which is under Ayala Land Premier. We started at a rate of P 9,548.00/sqm. The pre-selling price would be more likely the same as in Nuvali. Last 2011 the price per square in Abrio was P 14,250 2/ "secondary market rates for Ayala Land Premier lots in Nuvali is now at ave 25k/sqm, for Alveo its ave 15k/sqm, this after haggling, still inclusive of capital gains tax and other charges. I would say Alviera will be more like Nuvali more so many developers have already positioned themselves in the area. The proximity to Metro Manila is also similar. The conversion of provincial land to become a highly commercial area is also similar to Nuvali. But it is unlike Sta Rosa, which has been gentrifying for decades before Nuvali. Alviera would need to attract locators to set up shop to drive traffic. Altaraza, on the other hand, is nearer Metro Manila, with access to a possible PAL International Airport and also the future MRT7 culminating at the Grand Central Station at Vertis North. Top corporations of of the country have also positioned themselves at San Jose Del Monte, with vast land banking done these past years. Real property values with palpable growth in Altaraza area will be more evident if not exceed Alviera, definitely" : Larger SSC / source : http://www.skyscrapercity.com/showthread.php?t=1797404 : longer thread

Even the Makati / BGC / etc subway has come into doubt... Or at least the ROUTE of it may be changed, to save some costs Pangilinan cool to idea of Philippines' first subway ABS CBN News-2 Mar 2015 (MPIC) would prefer the government develop the light rail system, instead of ... City to Makati central business district and Mall of Asia area in Pasay. ... the Makati post office and the PNR station on Buendia, then to the LRT-1 ... NEDA prefers 'cheaper' BGC route for subway project Rappler-19 Feb 2015 This would connect the cities of Makati, Taguig, and Pasay, DOTC Secretary Joseph Emilio Abaya said. . . . If the subway system ends at 32nd Street, the stops would include Market-Market, St Luke’s Medical Center, MRT3 Buendia Station, Ayala/EDSA, Ayala Triangle, Makati Post Office, PNR Buendia, Buendia/Taft Avenue, World Trade Center, Mall of Asia, and EDSA/Taft Avenue. MASS TRANSIT SYSTEM LOOP. The subway system will link Bonifacio Global City, Makati Central Business District, and the Mall of Asia in Pasay City, according to the PPP Center. Map from the PPP Center Subway project rolled out by first half of 2015 -- DoTC http://www.bworldonline.com/content....dotc&id=101885 THE MOST expensive public-private partnership (PPP) deal in the government pipeline is set to be rolled out within the first half of the year, once it secures final approval from President Benigno S. C. Aquino III this month, a Transportation department official said. The P374.5-billion Makati-Pasay-Taguig Mass Transit System Loop was one of the seven infrastructure projects approved by the National Economic and Development Authority (NEDA) Investment Coordination Committee Technical Board and Cabinet Committee meeting on Jan. 14. . . . The planned 20-kilometer (km) system will consist of a 16-km tunnel, a 4-km elevated railway and 11 stations, which is expected to ease road congestion in the cities of Makati, Pasay and Taguig, according to the PPP Center Web site. Veteran PPP bidders Metro Pacific Investments Corp. (MPIC) and MTD Philippines, Inc. have set their sights on the P374.5-billion PPP deal, the country’s first subway system that will link Bonifacio Global City, Makati central business district and the SM Mall of Asia.

Without Northrail, Clark won't be main airport - Roxas Passengers of most international airlines will have to keep on passing through the congested NAIA-1 until the legal and construction issues that hound the North Rail project are resolved Rappler.com Published: Feb 27, 2012 / Jul 18, 2012 MANILA, Philippines - Passengers of most international airlines will have to keep on passing through the congested Ninoy Aquino International Airport Terminal 1 (NAIA-1) until the legal and construction issues that hound the North Rail project are resolved, Transportation Secretary Mar Roxas said. The North Rail project, which is meant to link Metro Manila and Clark International Airport, is the "necessary ingredient" in making the former US aviation base the new gateway, Roxas said. At press briefing on Monday, February 27, Roxas said that “the transfer can’t happen if there is no infrastructure. It is a necessary ingredient” because North Rail project is the missing link to transport passengers from Metro Manila all the way to Clark." Clark is located around 80 kilometers from Metro Manila. Metro passengers taking budget airlines flights in Clark travel via buses or private cars that take the North Luzon Expressway (NLEx). The North Rail project, a controversial project between the former Arroyo administration and the Chinese government, is meant to reduce the travel time between Manila and Clark, which has a sprawling area ideal for aviation activities. == > more: http://www.rappler.com/business/1845-without-northrail,-clark-won-t-be-main-airport-roxas Govt must decide soon on new airport Manila Standard Today-2 Mar 2015 As already indicated, the proposed Northrail line to DMIA has virtually ... The Philippines' future credibility as a major airline destination is ... Many observers and analysts consider the administration of Benigno S. Aquino III as the most indecisive where public-sector investment is concerned, noting that only in the past year, more than halfway into PNoy’s term, has the Public-Private-Partnership started to move. Perhaps nothing epitomizes the indecisiveness, in the eyes of the observers and analysts, more than the project to establish an airport to provide relief to aging, overworked Ninoy Aquino International Airport.True, movement between the Diosdado Macapagal International Airport—a part of the sprawling former Clark Air Base complex—has been improved with the completion of the Clark-North Luzon Expressway interconnection project. But, other than that, nothing has been done to make rapid movement of passengers and cargo between DMIA and Metro Manila a realistic possibility for the near future. The high-speed train service proposed by past administrations was accepted by the Aquino administration as the best of all DMIA-Metro Manila transportation ideas, but no effort has been made since 2010 to revive the project after its scandal-marred past. . . . At least two other possible sites for an alternate to NAIA have been proposed from time to time. One is in Bulacan, the other in Quezon. Because having to start from scratch would entail far higher government expense, serious discussion has been limited to DMIA and the Sangley Point facility. The problem with DMIA has been discussed above. Until a rapid-transit system is installed that will bring international and domestic passengers to and from Metro Manila, the Clark facility will not be a viable alternative to NAIA. There is no point in being able to get passengers reasonably rapidly to Balintawak if they are going to be stuck in EDSA and Caloocan traffic. New international airport projects like Paris’s Charles de Goulle, Taipei’s Chiang Kai-shek and London’s Heathrow were successful because of the high-speed rail and road facilities that were put in place simultaneously. As already indicated, the proposed Northrail line to DMIA has virtually become a non-starter. That leaves Sangley Point as a possible alternate airport for NAIA, assuming that the government is serious about preparing for the day when NAIA will no longer be able to operate efficiently on account of excess capacity.

Supposedly, a Rail link to Clark (and beyond?) is/or was under construction. But there has been a pattern of announcing, and then cancelling this project, mainly due to claims of corruption in awards of the construction contracts (See the Top of this map) Northrail Project The Northrail project involved the upgrading of the existing single track to an elevated dual-track system, converting the rail gauge from narrow gauge to standard gauge, and linking Manila to Malolos City in Bulacan and further on to Angeles City, Clark Special Economic Zone and the Clark International Airport. This project was estimated to cost around US$500 million, with China offering to provide some US$400 million in concessionary financing.[22] Preparatory construction began in early November 2006.[23] Due to delays in the construction work, it was soon being renegotiated with the Chinese government. Construction temporarily continued in January 2009 with the support of the North Luzon Railways Corporation. Again, the project was cancelled in March 2011, due to a series of delays, work stoppages, a controversy and anomalies with the foreign contractor.[24] The railway project was contracted out by the Arroyo administration in 2003 to China National Machinery and Equipment Corporation (CNMEC) for an original cost of $421 million. In 2009, CNMEC increased the contract price to $593 million, with the government agreeing to shoulder the difference. The government loaned $400 million from China’s Exim Bank to fund the project, with the balance sourced from the Development Bank of the Philippines. In 2011, the Aquino administration scrapped the project on lingering legal issues and corruption allegations. The Philippine Supreme Court handed down in March 2012 a decision giving a lower court the go-signal to hear the case calling for the annulment of the allegedly overpriced contract. Instead of settling the entire US$184 million due in 2012, the Department of Finance will pay Export-Import Bank of China 4 equal payments of $46 million starting September 2012.[25] National Economic and Development Authority (NEDA) Director-General Arsenio Balisacan said the 80-kilometer Northrail project would resume within the term of President Benigno Aquino III.[25] The Department of Transportation and Communications has examined reviving the project by commissioning a feasibility study by CPCS Transcom Ltd. of Canada. Part of the study examined having a Malolos-Tutuban-Calamba-Los Baños Commuter Line == > wiki- PNR: http://en.wikipedia.org/wiki/Philippine_National_Railways Roxas says North Rail project scrapped ABS CBN News-28 Mar 2012 MANILA, Philippines - The North Rail project, the train line which is key to shifting some of the air traffic in Manila to the Clark airport, has been ..

The Need for New Urbanism in the Philippines Why can the Philippines not learn from the MISTAKES of the USA ? As Jeff Speck says here: + Americans spent 20% of their income on Transportation + Working class Americans spend more on transport than on housing If people don't spend money on transport, what do they spend it on? Better things. Like education and leisure... and better housing Ayalaland does not yet "get" this in its design of Nuvali, etc I am seeking more intelligent use and integration of Transport, and especially Public Transport in the Philippines. Has anyone else found it? Phil-Nu-Urbanism might come along the PNR route somewhere or here: another Metro Manila map : Larger, newer map What's planned - note PNR-Buendia : PNR Buendia > source: http://www.timawa.net/forum/index.php?topic=14737.180 Not very inspiring (yet), eh? / A comment from that thread: Re: Thread Index: All About Railways, MRT's, LRT's « Reply #190 on: January 13, 2011, 10:02:05 AM » Amazingly stupid too that the Manila people include traffic jams and bad drivers in their list of litanies for wanting the LRT/MRT to be cheap. If they stepped back a bit and started thinking, they can easily demand efficiency and safety in public transportaion on the road. But thanks to their pro-poverty and mendicant mentality, they would rather think that bus franchises are as pro-poverty as they are, as if they owed bad transport services a favor.

I think that the biggest shift would be about 20%, to take the HKD to parity with CNY --------- HK Property stocks could be in a "Topping" area HK-12/ Henderson Land ... update : $59.10 / a key bellwether

LERATO PRICING, updated: as some units approach completion* === Comment / concerning the Makati vs BGC Debate: "BGC arises because developers have limited land banks left in Makati, especially in the prime and flood-free MCBD. Developers need land to build and boost their profits. There is still a lot of undeveloped land left in BGC and any future rise in price would be moderated by increased supply by developers. MCBD is still the country’s premier financial district in Phil and will continue to be so in years to come; land prices in MCBD are still higher than BGC. IMO, the traffic in BGC would be horrendous when it becomes mature and there could be an oversupply of residential units in the future. The proportion of office, residential units and retail business in MCBD is more balanced while BGC seems to be packed with residential developments. Last but not least, BGC is also earthquake prone; the West Marikina Valley Fault runs through it." = dated May 28. 2014 For me, it was an easy decision: There are more jobs in Makati, and limited supply in future LERATO Updated: facilities shown in this video Studio unit shown after 2:30 minutes Lerato Towers : T1: 38-stories / T2: 30-st. / T3: 48-st. Tower Heights : T1: 144.00m. / T2: 114 m / T3: 183.1 m. "...reopened Studio unit at Lerato Tower 3, unit 3706, facing the North side. It will have portions of the Manila view. The price is P3,721,428 + VAT P446,571.43 = P 4,168,000 + Other Charges of P195,917.07 .... " = That's PHP 139K psm > see SSC : http://www.skyscrapercity.com/showthread.php?t=1002701&page=25 > Old prices : http://urbanproperty.ph/data/documents/The-Lerato-Tower-3-Unit-Price-List.pdf (this is from 2010 ... there may have been changes) === Note: P 4,168,000 / 30 SM = PHP 138.9K psm : Apr. 2015 OLD : P 3,828,000 : + 8.9%, since July 2013 "North side" = cemetery view? It seems that prices are moving up, but not so fast as some other Makati projects. PHP 138.9k psm is a 3.9% discount to Collier's 12/2004 Mid-Price of 144.5k psm That is a small (but reasonable?) discount for the location, N. of Ayala Ave. *turnover for Lerato tower 1 starting from June 2015

HK Property : A second week of falls > http://www1.centadata.com/cci/cci_e.htm Week : CCLI : CMMI : RobinPl: Tregunt. TaikSh. / ThArch: IslHarb: ParkAv: LagunC : C'ribC : ==== . . 04/05 : 142.36 143.90: 15,526 : 19,927 : 14,997 / 22,910: 12,599 : 13,336 : 09,309 : 07,005 : Possible Peak ?? 04/12 : 141.60 143.12: 15,507 : 19,902 : 14,240 / 22,848: 12,623 : 13,614 : 08,805 : 06,941 : 04/19 : 140.04 141.27: 15,497 : 19,890 : 14,228 / 22,737: 12,664 : 13,255 : 08,792 : 06,591 : ====== 2wks : -1.63%: -1.83%: -0.19% : -0.19%: -5.13% / -0.76%: +0.52%: -0.61%: -5.55%: - 5.91% : ====== The cheaper, older estates are getting hit most - like down 5-6%. Might that be because that's where the transactions are happening ??

Philadelphia Gas Works urged to replace aging pipelines Tuesday, 21 April 2015 6:00 AM ET The utility also owns more than half of Pennsylvania's high-risk gas pipelines, the utility commission said. Three-fourths of PGW's high-risk pipelines in service- about 1,500 miles- are cast iron, the fourth-highest amount of any utility in the nation and about half of Pennsylvania's cast iron, it said. Its pipelines sprang more than double the number of... Source: The Associated Press | By: By MARC LEVY, Associated Press

PHILIPPINES Country Report - in today's SCMP Economy Tipped to maintain momentum Growth fueled by construction projects and state spending + IMF upped growth forecast from 6.6 to 6.7 percent in April + The Phil. govt is more optimistic, predicting between 7 and 8 percent + Inflation expected to remain between 2 to 4 percent + Old problem was: too much consumption, not enough capital spending; but private sector investment is growing over the last three years Meantime: + Philippines equities are seen as the "most expensive in Asia"; and investors are attracted by the positive macro-story + The importance of foreign remittances from OFW are seen as a pillar of growth + BPO's are giving jobs to young people (who stay in the country), and are willing to work 24 hours + The pick-up in confidence has been traced back to Aquinos election in 2010 The LACK of efficient infrastructure is being seen as a barrier to growing tourism

Hedge Funds make Big Bullish Bet on Oil "Hedge funds have placed one of their largest ever bets on a rally in oil prices..." - FT, pg.22 Brent Oil OilB / Brent etf ... update + Accumulated a record number of North Sea Brent futures... equal to almost 265mn bbls of oil + At the same time, oil producers have rushed to lock in oil prices + "We see the supply side falling away very quickly here," said Paul Horsnell, at Standard Chartered. Horsnell forecasts the Brent could rise about $80 in Q3-2015 Meantime: US Crude inventories stand at the highest level in 80 years, and have risen for 15 consecutive weeks Someone is going to be wrong here. Do you really want to bet against the Oil producers?

Failed Colonies on Mars & Earth Depopulation

Using the 18 year Cycle - we should be close to a Top in HK. 1997 + 18 = 2015 2003 + 14 = 2017 - the "up" phase is normally 14 years Ideally then: 2016 +/- 1 year But we may get a Top in stocks first... with the Peak in property to follow a few months later Hong Kong Property vs. the Hang Seng Index : HSI-update-all : chart below w/o lines > source: http://www.chinadailyasia.com/hknews/2015-04/21/content_15253493.html

Using the 18 year Cycle - we should be close to a Top in HK. 1997 + 18 = 2015 2003 + 14 = 2017 - the "up" phase is normally 14 years Ideally then: 2016 +/- 1 year But we may get a Top in stocks first... with the Peak in property to follow a few months later Hong Kong Property vs. the Hang Seng Index : HSI-update-all : chart below w/o lines > source: http://www.chinadailyasia.com/hknews/2015-04/21/content_15253493.html

Interesting anecdote. Are the locals resisting prices? Maybe. (Though "cheap" Hemera sold well.) HK PROPERTY : Over the Moon ? What Next ? (The normal pattern is: HK Property peaks a few months AFTER the peak in stocks.) But is that any guarantee we will see it again? Property, stock indexes seen to hit new highs By Agnes Lu in Hong Kong The debate is still raging: Will the stock-market boom, which saw records tumble in the past few weeks, give property prices another big lift? Interpretations may vary, but real-estate experts generally point to a positive relationship between the two sectors although they regard the housing sector as more of a laggard, with the stock market much susceptible to both internal and external influences. The consensus, nevertheless, is a win-win situation for both markets. “Under the latest wealth effect, it’s very likely that both sectors will see new record highs simultaneously,” reckoned Louis Chan Wing-kit, chief executive officer (residential) for Asia Pacific at Centaline Property Agency. “Homes prices have been benefiting from the quantitative easing monetary policies in many countries, plus the housing shortage pushing up prices in Hong Kong as well. That’s why we’ve been experiencing a prosperous property market in the past two years, led by small- to medium-sized homes,” he said. “But, the stock market has, apparently, been underestimated.” Sammy Po Siu-ming, chief executive officer at Midland Realty’s residential department, said he has seen homes buyers switching to larger apartments in the primary market recently. “Basically, luxury homes costing more than HK$20 million are in demand, and buyers admit they’ve become bolder after making a fortune in the stock market,” he said. In his view, the real boom in real estate has yet to come. “It’s just the beginning, and many are still investing in the stock market. We have to wait until the HSI has soared for a while and people start taking profits and pump them into the housing market.” Property developers are, seemingly, over the moon... == > more: http://www.chinadailyasia.com/hknews/2015-04/21/content_15253493.html

Gold and GLD Charts / With Trendlines: GLD / Gold etf ... All-Data : All-Log Combined-#1: Combined-#2: =

Q. from Green King, on Asiaxpat: Interesting. I note however that of the 4 developments ready for occupation 3 are in NT, 1 in Kowloon & none HK island. Also the three biggest falls are Kowloon & NT. It seems falls in price are being driven by the mass market rather than luxury properties? If so it will be interesting to see what measures the government takes and when ie remove stamp duty restrictions implemented in recent years? Property prices are such a see-saw issue that measures nearly always seem to be taken too late by governments. A, from OTP: == Luxury properties suffered falls in Rents over the last 1-2 years. But the N.T. and Kowloon may show the most impact from new supply over the months to come. The Sub-indicies do not (yet) show greater strength on HK Island. They show the contrary... [Centa-City Leading Sub-index] Area== : This Wk. : Prev.Wk.: Prev. Month HK------- : 151.49 : - 1.40 % : + 2.76 % : KLN ----- : 142.11 : - 0.37 % : + 2.90 % : NT (East): 144.67 : - 0.99 % : - 0.09 % : NT (West) 125.49 : +0.61 % : - 0.14 % : ====== > source: http://www1.centadata.com/cci/cci_e.htm

HK Property Slowing ? "Home rents in HK fell for the first time in 12 months in March" - says the SCMP "Views are mixed on rather the fall in rents is a prelude to a house price correction, with that more likely to depend on when interest rates start to climb." Centaline's Rental index - HK$32.80 - down 0.6% (Secondary home rents at 100 housing estates) The record high was HK$33 "New" properties ready for occupation include: Park Signature in Yuen Long : 1,620 units City Point in Tsuen Wan ------ : 1,717 Mont Vert in Tai Po ------------ : 1,071 The Austin in Kowloon -------- : 0,576 =======================> 4,984 Private housing completions hit an 8-year high of 15,700 units last year. "The property market this year may show a surplus for the first time in three years," according to an analyst at Bocom Int'l. The same guy expects home prices to fall by 10-20 % this year. An analyst (Joyce Kwok) from Credit Suisse sees the drop in rents as seasonal. And she thinks higher property prices may drive some to rent, rather than buy. Biggest declines were seen in Whampoa Garden, with a fall of 3.1 per cent, followed by Laguna City (-2.6%), and Mei Foo Sun Chuen (-1.3%)

The Alternative-3 April-1st Spoof Us-Ussr Landing On Mars 1962 Using Alien Technology Tim Robinson 9 months ago As others have said this was a HOAX April Fool TV program in the UK in 1977. I remember watching it at the time. It had a big build up and it was only after watching a short while it became obvious it was a wind-up. The presenter and most of the people involved were famous actors or TV people. One guy was a famous American actor (who was used because they needed an authentic accent) who's been in James Bond and other films! The gullibility of the world never ceases to amaze me. (and here's the reality): This is Mars 2015

Ayala Land Premier projects, near Makati : Arca South, Nuvali, Vermosa, Anvaya Cove, (> sealevel: Mak.: 79ft, Arca S.: 87ft, Nuvali: 330ft, Alabang: 65ft, Verm: 400ft+, Anvaya: 40-350ft ) This Map shows the SCALE and locations of major Ayalaland projects ==== ALVIERA, Pampanga - see post #148; and: > SSC-Alviera : http://www.skyscrapercity.com/showthread.php?t=1797404 ===== + Arbor Lanes is Ayala Land Premier's very first residential offering in the developing Ayala Land master-planned estate, Arca South, Taguig (former FTI): >> here's a video Drive-Trip to Arca "BGC is a better version of the Makati CBD. Ayala's vision for Arca South is for it to be a better version of BGC. Arca South is twice as big as BGC's City Center" // - SSC, pg.25, #486 RANKING (one poster's opinion): I would rank emerging/present CBD's in Metro Manila, in terms of growth in the next 20yrs, as follows: 1. Ayala Makati CBD/Fort Bonifacio (BGC) 2. SM Bay City-Pagcor E City 3. QC-CBD/Ortigas/Alabang 4. Arca South : "Arca may surprise" // - SSC, pg.25, #498 5. Eastwood-C5 Corridor Heights restricted by nearby airport - density and the lack variety are off-putting to me (dr. For residential projects, there's Arbor Lanes by Ayala Land Premier which will cater to affluent end users. It's exclusivity is comparable to BGC's One Serendra, only better. This high end residential project will only have a cluster of 5 towers that are mid rise and low in density(8-10 units per floor) not to mention the 60% of the project dedicated to open space providing intimate garden living for homeowners. ==== Arca South / SSC : http://www.skyscrapercity.com/showthread.php?t=1534732 ============== + NUVALI projects: include Soliento, in Central Nuvali ... Nuvali Video-2012 Subdivision living (ALVEO's there too, in Nuvali): Mirala is Alveo Land's newest residential community within NUVALI, the country's first and largest thriving eco-city development. Here, the balance between a lifestyle of responsibility and sustainability thrives in an environment of diverse spaces, activities, and services. NUVALI is a 1,860-hectare development, spanning the cities of Sta. Rosa and Calamba, and the municipality of Cabuyao in Laguna. A privately managed transit system-including buses, shuttles, and vans-circulates within NUVALI and links to Metro Manila. Only efficient and more environmentally friendly vehicles will be used in this transit system. It is not all sunshine. In Avida Nuvali, some locals are posting about floods and robberies Vermosa shall be a modern town offering a balanced and healthy lifestyle offered through active and wellness amenities. A signature development of Ayala Land, paying homage to the successes and familiar charm of the highly successful Ayala Alabang, Vermosa shall offer a diverse mix of elements including retail, office, residential, complimented by sports and wellness facilities. SSC / Nuvali Mix : http://www.skyscrapercity.com/showthread.php?t=507437&page=257 ===== + The Courtyards, Vermosa accessible via SLEX, Daang-Hari and Aguinaldo Highway Driving, driving everywhere - who is going to pay for all that infrastructure? > SSC-Vermosa : http://www.skyscrapercity.com/showthread.php?p=121788784 + ANVAYA COVER includes: Fairway Crest and Seabreeze Verandas, on the highest point of Anvaya Cove / Seabreeze : full-img Anvaya Cove offers your family endless summers and perfect bonding memories with residential lot and unit options for your distinct lifestyle, and exclusive recreational activities for all ages and members of the family Leisure Offerings Beach and Nature Club, Wellness Spa Golf Club, Sports Club, Nature Camp, Kids Arcade Horizon Hall function room, Dining Options Residential Lots 480-700sqm lots with views of the sea, mountain range and fairways for the dream vacation home your family deserves Recommendation: Fairway Crest (most exclusive neighborhood within Anvaya Cove) Block 1 Lot 5 696sqm facing Northeast/morning sun view of Fairway P15,700/sqm List Price at P10.93Mn (map attached) Residential Units 1,2&3BR Units in low-rise Bldgs - the Seabreeze Verandas (now offering Bldg D), on the highest point of Anvaya, with views of the sea and mountain range, with its own amenity area, lock up and go features, with income-generating leasing option. Recommendation: Bldg D 3BR corner unit P08 with views of Silangin Mt Range and West Philippine Sea 138sqm List Price at P23.92Mn 2BR+ and 3BR+ Seascape Ridge quad/townhouse type units with views of the fairway, lock up and go features, hassle-free, some units currently/soon to be ready ready for occupancy Recommendation: 2BR+ (effectively 3BR) Quad 15 Unit D 167sqm with common parking List Price at P18.03Mn : (PHP 107k /SqM)

At last! Someone had the nerve to do this: Discovery Bay investor sues over loss of sea view He/she lived in The Chianti (2007), and Amalfi (2011) is now blocking the view "... claimed developer HKRC misled..." promised: "a continuous view" in a brochure, which mentioned "a mid-rise residential development" Not: a building of the same height

Philippines Property Ad These have been RARE in Hong Kong papers. So I was surprised to see one in today's Standard, pg.13 EXCLUSIVE LAUNCH, residential property investment + Within Metro Manila + 70% green open space + Rental yields 5-8%, Proj. Capital growth 6% p.a. Event is: 6:30 - 9:30pm Venue: Honi Honi Tiki Cocktail Lounge (Central) 3/F Somptuex Central, 52 Wellington St. (The property is in Quezon City, I learned in a phone call) It seems to be: Circulo Verde: http://www.circuloverde.com.ph/

Chasing Dreams in Manila Capital Gains - the city is attracting visitors and tourists, with the huge Entertainment City project on reclaimed land - SCMP MICE section, pg.62 Melco has opened a US$1 billion integrated casino, hotel, retail and entertainment resort... reminding some of the 1989 opening of the Grand Hyatt on reclaimed land in Wanchai. Melco sees big potential in Manila, and others such as Bloomberry Resorts is also opening a $1 Billion casino nearby

SILVER SHARES have underperformed Silver recently And are arguably a bargain - but who has the confidence to buy them? SLV versus SIL (Silver shs etf) ... 4-years : Starting Point : 4 yrs ago : 4/29/11 : Vl. Now : - % Chg. (fr. 4/29/11) ==== SLV : Silver etf- : $43.00 : $46.88 : $15.56 : - 66.8 % AGQ: Bull 2X ---- : 305.12 : 358.96 : $39.64 : - 89.0 % SIL -: GlobalX silv: $28.73 : $28.41 : $08.72 : - 69.3 % Ratio SLV-to-SIL : r1.497 : r1.650 : r1.784 : + 8.15 % SLW: S.Wheaton : $42.87 : $40.62 : $19.46 : - 52.1 % ssri-: SilverStand : $33.97 : $34.74 : $05.36 : - 84.6 % Paas PanAm Silv. : $36.53 : $36.12 : $09.29 : - 74.3 % AG- : 1st Majestic : $22.73 : $20.98 : $05.09 : - 75.7 % gpr.v Gt. Panther : c$3.86 : c$3.33 : c$ 0.68 : - 79.6 % ==== % NET ASSETS NAME IDENTIFIER MARKET PRICE ($) SHS. HELD MARKET VALUE ($) 14.15 SILVER WHEATON CORP. 828336107 19.46 1,245,956.00 24,246,303.76 11.55 INDUSTRIAS PENOLES - 2,448,200 17.34 1,141,572.00 19,791,704.01 7.39 HECLA MINING CO. ------- 422704106 3.16 4,006,731.00 12,661,269.96 6.76 COEUR D'ALENE MINES- 192108504 5.78 2,002,984.00 11,577,247.52 6.18 POLYMETAL INTL. W/I------ B6T5S47-- 8.39 1,262,848.00 10,597,088.10 5.49 AURICO GOLD INC.-------- 05155C105 3.49 2,695,813.00 9,408,387.37 5.39 SILVER STANDARD RES.- 82823L106 5.36 1,722,124.00 9,230,584.64 5.02 PAN AMERICAN SILVER--- 697900108 9.29 925,296.00 8,595,999.84 4.72 FRESNILLO PLC------------ B2QPKJ1- 10.90 742,739.00 8,093,537.59 4.25 PRIMERO MINING CORP. B4Z8FV2--- 3.39 2,148,411.00 7,280,066.74 ==== > http://www.globalxfunds.com/SIL