New marina planned for Manila
Published: Tuesday, 21 May 2013
Alphaland, a Philippine high-end property developer, has showcased its plans for a new marina to be located in Manila along the shores of Manila Bay. The developer is aiming for between 250 and 300 berths in its 10-hectare marina basin. The actual composition of berth numbers and sizes is still being refined, but according to Harry Taylor, a consultant working with Alphaland, the largest berth size will be for 65-metre yachts. Once completed, this marina will be by far the largest in marina in the whole of the Philippines.
The proposed site sits in an area of Manila that features the Mall Of Asia as well several casino concessions. Several gaming operators have already received concessions on the site, including Wynn of Nevada and Macau. The area behind the marina, termed Bay City, will border on the high-end Makati district of Manila and will feature a mix of top end residential, business and entertainment facilities. Manila International Airport is also nearby and is roughly 15 minutes from the site.
The first phase of marina berths and its distinctive clubhouse, designed by Filipino architect Carmelo Casas, is estimated to be ready by 2015. According to Alphaland, 200 memberships have already been sold in the nascent project for 1.2 million Philippine pesos (US$30,000), and prices are due to rise to 1.5 million pesos in June. Though marketing in the project is going forward on a limited basis, the developer expects that Hong Kong yacht buyers could find a home for their yachts at the club, owing to the limited berthing space in Hong Kong.
Taylor estimates that the breakwater will take a total of two years to complete, and that work is ready to begin, but final details with contractors are being resolved as of this writing. The 3500-square-metre clubhouse is to be built in parallel with the breakwater, lessening total construction time. Full fueling and pump-out services are planned, though maintenance will require a trip to other facilities, possibly in nearby Subic Bay. Yacht charter services available for members are also planned.
Alphaland is a joint-venture enterprise between RVO Capital Ventures and the UK-based Ashmore Group and is headed by Roberto V. Ongpin. The company’s aim is to “acquire and re-invent prime but underdeveloped sites” in the Philippines. In addition to properties in Makati City – the central business district of Manila – Alphaland also plans upscale resorts at Balesin Island and in the Visayas.