Cebu Real Estate News

Mandani Bay Cebu

The Man, His Dream for Mandani Bay

COMING up at the North Reclamation Area in Mandaue City, Cebu is Mandani Bay, a 20-hectare township development by Hongkong Land and Taft Properties. On top of this project is Taft Properties president and chief operating officer Christopher G. Narciso.

A 500-meter water frontage defines this lifestyle destination, where the Boardwalk will always be nearby, a pleasant destination for a stroll. Also at its heart is the Mandani Bay Green Promenade, a tree-lined avenue that cuts through the center of the property. With Narciso as chief operating officer of Taft Properties, the dream of Mandani Bay in the planning board will surely be a reality in the not-so-distant future.

Narciso is a graduate of BS industrial management engineering with minor in chemical engineering from De La Salle University.

He also earned masteral units in MBA from the University of Western Australia. He has been a real estate practitioner for 20 years and served as governor of the national board of the Subdivision and Housing Developers Association (SHDA) from 2009 to 2014. Prior to Taft, he was with Robinsons Land Corp. as vice president and general manager for the Robinsons Communities residential brand. Since 2011, he has been a member of the Brotherhood of Christian Businessmen and Professionals.

Here is more about this huge project that is Mandani Bay.

Jenara Regis Newman (JRN): What is each partner’s role in the development of Mandani Bay?

Christopher G. Narciso (CGN): Taft Properties and Hongkong Land are closely working together in the vision, conceptualization and development of Mandani Bay. With the local expertise of Taft Properties and the international experience of Hongkong Land, Mandani Bay will surely play a role in transforming Cebu into a world-class lifestyle destination.Taft Properties, established in 1997, has continued to redefine customer experience by building some of the most iconic and best-selling residential and mixed-use developments in Cebu and throughout the country. It is a solid and dynamic developer backed by Vicsal Development Corp., the company behind the Metro Gaisano chain of stores.

Hongkong Land is a listed leading property investment, management and development group. The group owns and manages 800,000 square meters of prime office and luxury retail property in Asian cities. Hongkong Land is incorporated in Bermuda and has a standard listing on the London Stock Exchange, and a secondary listing in Bermuda and Singapore.

JRN: How many buildings will there be, and when will the first building be finished?

CGN: There will be a total of 21 towers sitting on top of seven podiums to be built once we have fully developed the 20-hectare property. The seven podium blocks will be interconnected by footbridges.

Residential towers will rise from each of the podiums’ amenity roof decks. At the base, the buildings are also connected by a system of exclusive parking spaces weaving throughout the property. The first phase of the development is the Mandani Bay Suites, a two-tower residential condominium building to be completed within the first quarter of 2020. Once all of Mandani Bay is fully developed, the number of residential units is approximately 10,000 units. Area allocated for office and retail spaces is estimated to be approximately 240,000 square meters.

JRN: When will the marina be finished? The whole development?

CGN: The estimated completion of the whole development is 15 to 20 years. The marina will be one of the first priority sections to be developed. A temporary marina will be built in the next four months.

JRN: On a personal note, what does the project mean to you?

CGN: It’s a personal privilege for me to play a role in transforming a part of Cebu into a world-class township. It’s not every day that one has the opportunity to contribute on enhancing a community. It is a realization of our dreams of developing a township that would address daily issues such as traffic, parking, a need for vast and green open space and a sustainable environment planning both immediate and long-term. This would be the first master-planned township in Mandaue City in keeping with the city’s vision to transform Mandaue Reclamation Area from a predominantly industrial zone to a premium destination for progressive living. The reclamation area was already classified by the local government as a planned-use development.

JRN: What are the challenges facing you as chief operating officer of the Mandani Bay project?

CGN: The main challenge for a long-term township is to ensure that we always stay true to our overall concept, vision and promise. We should never compromise. It takes commitment to ensure that the vision is sustained 10 to 20 years from now. This is why we are working hard to communicate these to our team and stakeholders.

By JENARA REGIS NEWMAN | Sun Star Cebu | May 15, 2016

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