Parañaque City, Philippines – Parqal, the latest and most dynamic addition to Aseana City’s landscape celebrates nearly six months of successful operation proving to be a thriving space where Aseana City’s residents and visitors alike come together. Since its grand opening in September 2023, Parqal has emerged as the go-to destination for community events, recreational activities, and exciting retail experiences. Parqal has served as the backdrop for a variety of festivities, including Aseana City’s Christmas lighting ceremony, weekend fitness activities, and Chinese New Year and Valentine’s Day celebrations. Moreover, the iconic lighted canopy of Parqal continues to captivate visitors with its innovative designs tailored to each occasion, adding an extra layer of charm and excitement to every event.

Parqal’s canopy during Valentine’s Day as seen from MidPark Towers’ balcony.

As Parqal gears up for its next phase, exciting developments are on the horizon. Several esteemed brands are poised to join the Parqal family including The Aivee Clinic, Crocs, The Matcha Tokyo, Kazuwa, Umi Matsu, Agave Mexican Cantina, Gianetto Pizzeria, The Perfect Pint, MC Home Depot, Shoegame Manila, and 361, among others. Additionally, sports enthusiasts will soon have even more reason to rejoice with the upcoming launch of indoor sports centers such as Global City Boxing, Golf Avenue, and Metro Golf Zone, promising state-of-the-art facilities catering to both beginners and seasoned athletes. And for fitness buffs who prioritize morning workouts, Parqal will soon unveil its shower facilities, offering a convenient amenity for employees whose workplaces are in close proximity. Details will be announced on Parqal’s Facebook page.

But the expansion doesn’t stop there. Parqal will also have its own outdoor football pitch and basketball court. Whether it’s families seeking a fun day out, professional athletes looking to train, or individuals aiming to maintain an active and healthy lifestyle, Parqal’s outdoor sports offerings are set to become the premier sports destination in Aseana City. These amenities are designed to accommodate various activities and skill levels, ensuring that there’s something for everyone to enjoy.

Weekend yoga session at Parqal Amphitheater

“We are thrilled with the overwhelming response we’ve received from the Aseana City community since the opening of Parqal. Our vision has always been to create a space where people can come together to celebrate and create lasting memories. We invite everyone to visit Aseana City and experience everything Parqal has to offer,” said Buds Wenceslao, CEO of D.M. Wenceslao and Associates, Inc.

For the latest updates on Parqal, follow their Facebook and Instagram pages @parqalaseana

ASEANA CITY, PARAÑAQUE CITY— Aseana City, the premier business and lifestyle district in the Manila Bay area, held its first Christmas Lighting Ceremony at Parqal on November 29, 2023. The grand celebration illuminated the entire Aseana City estate with charming Filipino-themed Christmas decorations, ushering in the season of joy and camaraderie.

As the sun sets on Aseana City, the Christmas Lighting Ceremony unfolded with a serenade from the students and teachers at Nord Anglia International School, one of Aseana City’s esteemed international schools. These budding talents symbolized the hope and promise inherent in the dawning of a brighter tomorrow. The enchanting melodies were not confined to the students alone; the event was further elevated by the captivating voices of Himig Rizalia, an esteemed chorale group hailing from the Rizal Technological University.

The unveiling of the estate’s Christmas lights began with the ceremonial lighting of the majestic Christmas tree, a towering centerpiece installed at the Parqal Amphitheater. The entire city was bathed in the welcoming glow of vibrant lights, creating a magical atmosphere that enveloped both residents and visitors in the spirit of the season. Enhancing the festive ambiance is the breathtaking light show of the Parqal Canopy, painting the night sky with a symphony of music and colors.

“We are thrilled to inaugurate Aseana City’s first Christmas Lighting Ceremony, a magical event that brings our community together in the spirit of joy and camaraderie. This marks the beginning of a new tradition, and we invite everyone to visit Aseana City and join us in creating lasting memories and embracing the festive spirit that defines this special season”, said Buds Wenceslao, CEO and President of D.M. Wenceslao and Associates, Inc.

D.M. Wenceslao welcomes everyone to embrace the holiday season at Aseana City and revel in the delightful Christmas decorations adorning its estate. Experience the nighttime spectacle of the Parqal Canopy light show from 6:00 PM to 9:00 PM.

D.M. Wenceslao Board of Directors together with Cong. Edwin Olivarez during the ribbon cutting ceremony.

Parañaque City, Philippines, September 30, 2023 – D.M. Wenceslao & Associates, Inc. (DMWAI) is set to open its flagship project in Aseana City – the over 70,000sqm GLA Parqal, opens on  September 30, 2023. The opening of Parqal will bring DMWAI’s total building leasing space to 232,499sqms, 43% higher than its 162,351sqms leasing space in December 2022.

‘Parqal’, a wordplay from ‘park’ and ‘kalye’, aptly embodies Aseana City’s tenets of livability, walkability, and sustainability. 60% of its total area is dedicated to lush green landscapes and recreational facilities. At the center of Parqal lies a climate-protected linear park brimming with greenery.  Parqal-goers will find respite from Metro Manila’s ever-changing weather as they explore a vibrant urban oasis while sheltered under a sweeping canopy.

A captivating photo of the Cogon building in Parqal, revealing the striking architectural masterpiece against the urban sky.

Nestled in the heart of Aseana City, Parqal sits on five hectares of land stretching from Diokno Avenue to Macapagal Boulevard.   Parqal blurs the line between public and private space by integrating public amenities into the commercial development.

Parqal is a collection of nine independent four-storey buildings. Its architectural expression has a modernized approach to the “Bahay-na-Bato” – the Philippines’ vernacular architecture derived from Hispanic and Chinese influences. The lower floors are designed to host retail and F&B shops whereas the upper floors will be home to offices.

Parqal is poised to be among the top tourist hubs in the metro, boasting its impressive architectural design, first-rate retail and commercial outlets, and expansive green spaces. Parqal caters to the diverse needs of motorists, commuters, and eco-conscious travelers alike. It offers ample parking capacity of over 1,200 slots, complemented by secure bicycle racks and modern shower facilities. Parqal also has a dedicated station in the Aseana City Loop which facilitates convenient public transport to and from dense commuter hubs Paranaque Integrated Terminal Exchange (PITX) and Mall of Asia (MOA) through Aseana City. In the future, Parqal will be connected to an elevated walkway network which will connect major thoroughfares and establishments in the estate, including the upcoming Aseana City-Redemptorist LRT Station.

Parqal at night, featuring the interconnectivity through bridges and the lighted canopy that illuminates the complex

Testament to DMWAI’s commitment to sustainability, Parqal was designed and constructed to meet the rigorous certification requirements of the Philippine Green Building Council’s Building for Ecologically Responsive Design Excellence (BERDE) which has stringent criteria on energy consumption, GHG emissions, water consumption, and waste generation, among others.

“Parqal is the centerpiece of Aseana; it is a confluence of nature, work, and leisure. Parqal truly highlights our adherence to tenets of livability, walkability, and sustainability,” said Mr. Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer. “Parqal was thoughtfully designed to host vast green and open spaces, generous recreational facilities, and first-rate commercial outlets which allow office workers, Aseana residents, and everyday tourists a place to commune, reconnect, and unwind,” Mr. Wenceslao highlighted.

VXON, the Monsters of P-Pop, hyped the Vixies during their unforgettable lineup at Parq Jam.

Yeng Constantino, the Pop Rock Royalty of the Philippines, energized the crowd during her performance at Parq Jam.

“We invite you to experience Parqal for yourself and discover an urban oasis in the heart of Aseana City! It will be our joy to welcome each and every one of you here,” said Mr. Wenceslao.

Buying your own home is a decision that undoubtedly ranks among the most critical choices an individual can make. Discovering the ideal space for your safety, comfort, and personal preferences is paramount when considering property investment. It must be a place where you can find solace, freedom, and a breath of fresh air away from the chaos of daily life. But the question that looms large for many is whether to invest in a house or a condo unit.

The certainty of buying a property during a recuperating economy is a valid concern. However, according to Collier International’s latest report, both the local office and residential property sectors are expected to recover from the disruptions of the past year. The gradual reopening of the economy will support the demand in the residential sector, including pre-selling and secondary markets.

So, if you are on the fence about buying your own space, this is your sign to invest in yourself or your family. If you’re seeking your first or next property investment and you’re still not sure which type of realty to get, then this can be your guide!

Cost-efficient investment

Cost efficiency is subjective when it comes to owning a property. Condominiums are typically less expensive than houses due to their size, and their maintenance is usually cheaper as you are only responsible for the interior of your unit. With association fees in place, you won’t have to worry about exterior maintenance or administrative assistance. Condos have a dedicated Property Management Team consisting of professionals who are specifically trained to oversee the day-to-day operations of the property. Their primary responsibility is to ensure that all amenities, facilities, and common areas are kept in optimal condition. This includes regular maintenance, repairs, and upgrades to uphold the quality and functionality of the condo.

While houses provide homeowners the freedom to customize a larger space and transform it into your ideal home, you will be responsible for all maintenance and repairs. Regardless of whether you choose a house or a condo, it is essential to have a realistic budget in mind before beginning your property search.

A space that breathes life

Leading a busy life gives us limited time for leisure so it’s important to check on the amenities incorporated into the spaces you’re eyeing for. Condominiums offer a plethora of state-of-the-art functional facilities such as swimming pools, fitness gyms, kids’ play areas, game rooms, and lounges. Communal areas provide condo owners with an abundance of ways to relax and unwind without having to travel too far from their residences. These communal spaces also foster interaction among residents, enabling them to forge connections and establish a sense of community.

On the other hand, houses may not offer as many amenities to homeowners. Depending on the type of lifestyle you want, the amenities incorporated into the spaces play a crucial role in enhancing your quality of life.

Security and convenience

Security is a top consideration when looking for a place of your own. As condos have shared spaces such as lobbies, hallways, parking, and amenity areas, they often have dedicated security personnel and 24/7 surveillance systems in place. In contrast, houses have individual entrances and private spaces, which may require homeowners to implement their own security measures. Moreover, condos often have controlled access points, such as key card systems and intercoms. These help regulate who can enter the building and add an extra layer of security. Houses, on the other hand, rely on individual means of access control, such as locks, alarms, and security systems installed by homeowners.

Convenience-wise, condominiums are usually strategically located in prominent business districts and mixed-use communities, offering unparalleled convenience to their owners. These prime locations give residents effortless access to a myriad of lifestyles and commercial establishments. From trendy retail outlets, cozy cafes, and vibrant entertainment venues, condominium dwellers find themselves amidst a thriving urban ecosystem.

As there are many factors to take into consideration when deciding between purchasing a house or a condo, it is important to find a place that not only meets your needs but also aligns with your desired lifestyle. For those leading a fast-paced life and seeking convenient access to essential amenities and recreational spaces, a condo unit presents itself as a favorable and suitable investment.

Redefining City Living

MidPark Towers, located in the heart of Aseana City, is the epitome of sophisticated city living. With its world-class amenities and convenient access to transportation linkages, lifestyle centers, businesses, and services, it offers a luxurious retreat from bustling city life. The property is also just a 10-minute drive from Ninoy Aquino International Airport via NAIAx and is near the Entertainment City, home to Solaire Resort and Okada Manila.

Developed by Aseana Residential Holdings, Corp., MidPark Towers is a four-tower residential property set for completion in the last quarter of 2023. The predominantly glass façade of the four towers exudes an elegant and sophisticated ambiance. The units are spacious and livable, ranging from studios (40 sqm +/-) to three bedrooms (120 sqm +/-), offering endless possibilities for creating a perfect home. MidPark Towers also provides a host of amenities to support growing families and inspire the imagination and creativity of children. From kid’s play areas to outdoor pools, fitness gym, and private and business lounges, it offers a truly rewarding experience of luxury and comfort.

Make the best decision for your future and invest in a home that exceeds your expectations at MidPark Towers.

For more information on MidPark Towers’ latest news, events, and updates, visit their website at www.midparktowers.com.

CONSTRUCTION firm D.M. Wenceslao & Associates Inc. expects ongoing projects, particularly its mixed-use development Parqal, to drive earnings growth this year despite continuing headwinds.

“For our developments, Parqal, our mixed-use development, is set to benefit from tenants shifting their preference to experiential environments given its amenities, public landscapes, and top-tier retail and food & beverage (F&B) shops,” D.M. Wenceslao director and CEO Delfin Angelo Wenceslao said during the company’s annual stockholders’ meeting on Friday.

He said the opening of Parqal this year would provide a fresh income stream.

“In addition, the first full-year land lease revenues from St. Luke’s Medical Center and other new locators will also help boost rental revenues.

“Wenceslao said that continued take-up in recently opened properties at 8912 Asean Avenue (an office development) and 58 Jupiter (a mixed-use building) would help drive revenues and increase margins.

“As for MidPark Towers, sustained construction progress continues, increasing the number of accounts qualified for revenue recognition and additional sales take-up will help drive residential earnings,” he added.

Wenceslao said the company was continuing to adapt to the changing landscape of the office market as more and more clients show a preference for sustainable and experiential environments, pointing out that Parqal was a prime example of this new trend.

“On how we are adapting to the post-Covid office landscape, the office space demand we are seeing now is that developers should offer not only working spaces that have functionality but also with experiential environments, which most of our properties have, like Parqal, for example,” he added.

Parqal consists of four independent nine-story buildings with green landscapes and recreational facilities connected by a park, which will reportedly be the first of its kind in the Philippines.

“It will have around 70,000 square meters of leasable commercial space, and around half of this will be for retail and F&B tenants, and the other half will be for office tenants. The opening of Parqal is expected to significantly boost our rental revenues,” Wenceslao said.

The listed construction firm reported a 45.3-percent drop in first-quarter net income to P525.66 million from P960.5 million in the same period last year as a result of having no land sales during the quarter and a higher cost of services.D.M. Wenceslao shares ended flat on Friday at P6.50 apiece.

Source: https://www.manilatimes.net/2023/06/26/business/corporate-news/dm-wenceslao-bullish-on-earnings-prospects/1897817