With new hotel, retail and office developments set for completion from now up to 2021, Aseana Holdings Inc., a subsidiary of the DM Wenceslao group and developers of Aseana City, was recently cited by BCI Asia for its high value portfolio of hotel, retail and office developments in the pipeline.
BCI Asia conferred on Aseana Holdings the Top 10 Developer Awards 2017 for having “made the greatest contribution to the built environment in the prior year,” according to the BCI Asia website. The BCI Asia awards are held in seven territories in Asia namely, the Philippines, Hong Kong, Indonesia, Malaysia, Singapore, Thailand and Vietnam.
Aseana City is at the nucleus of the country’s emerging entertainment resort hub that will account for at least 1,500 more hotel rooms from 2017 up to 2020 including the newly opened 903-room Okada in adjoining Entertainment City.
This is in addition to the existing inventories of the City of Dreams, Red Planet, and Solaire Hotels and Resorts set for expansion.
Aseana City will also host the nine-hectare Ayala Aseana mall including a 350-room Seda hotel by 2019. It is also part of an office hub covering several developments along the Bay Area projected to register a gross floor area of 739,000 sqm by 2021.
According to Delfin “Buds” Wenceslao, managing director of Asean Holdings, Aseana City is carefully managing its remaining land inventory of the 204-hectare development.
“Our vision is to create a next generation city which ensures that it will be a future proof first world business district offering the unbeatable advantage of its prime and strategic location within Metro Manila,” he said.
Aseana City’s holistic masterplan and unique entertainment and tourist uses have been its key differentiator. At the same time, it is accessible to Southern Metro Manila’s and Cavite’s populous residential areas. The completion of the LRT 1 Cavite extension by 2021 will heighten this advantage even further.
This early, the NAIA Expressway has made Aseana City accessible from Laguna and Cavite as well as the Ninoy Aquino International Airport.