Federal Land-Nomura Sets Bar High In Philippine Real Estate
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Federal Land Nomura FNG

Federal Land-Nomura (FNG) sets new standards of excellence in Philippine real estate

It heralds an exciting, promising new chapter that will reshape the Philippine property landscape.

Federal Land NRE Global Inc. (FNG)—a groundbreaking collaboration between Federal Land Inc. and Japan’s Nomura Real Estate Development Co. Ltd.—has begun laying the groundwork to create innovative, sustainable communities poised to meet the evolving demands of contemporary urban living. In these upcoming developments, the partners will showcase a seamless alignment of their cultures and design philosophies, a “perfect marriage” of their vision and values, as well as a collective commitment to inspire, nurture, and elevate lives.

Main gate at YUME (Artist’s Perspective)

Pioneering partnership

This strategic, pioneering partnership between two seasoned real estate giants no doubt augurs well for the local real estate landscape.

For one, the Tokyo-headquartered Nomura Real Estate is bringing to the country the much-celebrated ingenious Japanese innovations and timeless designs that are poised to elevate known standards of comfort, convenience, and functionality of spaces.

After all, this Japanese developer is renowned internationally for the quality of its projects in market-leading locations, owing to a wealth of expertise honed by more than six decades of being in the business of building residences, offices, retail and logistics facilities, and hotels. Founded in 1957, Nomura Real Estate currently has hub offices in Singapore, Beijing, and Hong Kong, and has projects in the Philippines, Vietnam, Thailand, and the United Kingdom.

For its part, Federal Land is bringing to the partnership over five decades of rich history and experience in creating well-built developments that showcase its profound understanding of local sensibilities. From its first residential project in Binondo, Manila, the subsidiary of GT Capital Holdings has since expanded its portfolio, consistently redefining what it means to live, work, and play in a vibrant, dynamic community.

Combined strengths

Leveraging the combined strengths of Federal Land and Nomura Real Estate, FNG is thus well-positioned to introduce innovative designs, Japanese technologies, and global best practices. These will not only ensure the integrity of the developments but will also nurture communities and further enhance the quality of living in the country.

“FNG is here to make a difference in the Philippine real estate arena and more importantly, in the lives of the communities we belong to—elevating living standards by introducing innovative design parameters from combined Japanese and Philippine concepts and international best practices,” Federal Land chairman Alfred V. Ty had said at the official launch of FNG in August last year.

Pocket parks at YUME (Artist’s Perspective)

“We will introduce master-planned communities in strategic locations, innovative features, sustainable solutions, and cutting-edge technologies that fit today’s evolving and modernizing lifestyle. That’s the vision of FNG,” Ty added.

“FNG, with the spirit of equal partnership between FLI and NRE, seeks to create new value that has never existed before, by leveraging on each other’s strengths, cooperating with each other and using various ideas and knowledge… We want to create sustainable communities beyond generation in response to local needs, and unique developments utilizing technologies that are new in the Philippines,” Nomura Real Estate Chair Eiji Kutsukake said at last year’s event.

First collaboration

One need only to see the first collaboration between Federal Land and Nomura Real Estate to truly appreciate the synergy and effectiveness of their partnership.

To recall, Federal Land first partnered with Nomura Real Estate, along with Japan’s largest department store group, Isetan Mitsukoshi Holdings, to create Sunshine Fort North Bonifacio Realty Development Corp. in 2017. These companies are the proponents behind The Seasons Residences, an award-winning four-tower residential complex, and the country’s first MITSUKOSHI BGC, which had its grand opening earlier this year.

The strong, warm reception that The Seasons Residences and MITSUKOSHI BGC received from the Philippine market served as a compelling catalyst for Nomura Real Estate to solidify a long-term partnership with Federal Land through FNG.

The creation of FNG thus signifies Nomura Real Estate’s strong vote of confidence in the local real estate market and its potential. It likewise signals the Japanese firm’s commitment to further invest in the Philippines through developments that promise a new lifestyle, a higher standard of living, and a future defined by quality and excellence.

Much awaited developments

This early, FNG’s lineup of developments is already creating a huge buzz in the local market as these highly anticipated communities are seen to become the newest addresses of choice.

Initially, FNG is embarking on four projects located in the Manila Bay Area, Mandaluyong City, Cavite, and Cebu, which collectively span 250 ha. The plan was to create smart, mixed-use estates that will be home to multiple towers offering residences, offices, and commercial spaces.

Riverpark located at General Trias, Cavite was masterplanned by AECOM, a renowned award-winning design firm. (Artist’s perspective masterplan subject to change)

“These developments embody our vision for a brighter, more sustainable future. Among these are FNG’s residential neighborhood within Federal Land’s masterplanned community in Riverpark, Cavite; another development in Met Park, Bay Area, that will offer residential and commercial spaces; and The Observatory, a riverfront mixed-use development in Mandaluyong City. These projects are just the beginning of plans we have made to realize in the next 30 years,” Federal Land president Thomas F. Mirasol disclosed.

The Observatory at Mandaluyong City (Artist’s Perspective)

FNG is indeed poised for an exciting journey ahead with its lineup of sustainable landmark developments that are seen to set new standards of excellence in Philippine real estate. No doubt, these promising ventures mark a strong and promising beginning for FNG.

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Frequently Asked Questions

Find answers to your queries from the categories below.

General Question
Can a foreigner purchase a condominium unit in the Philippines?

Yes, foreigners are allowed to own condominium units in the Philippines, as stated in Section 5 of Republic Act No. 4726, otherwise known as the Condominium Act.

Yes, on the condition that the parent or legal guardian signs the contract on behalf of the minor. Please contact us for more details.

Yes, you can upgrade your purchase. The Developer will first check if the preferred unit is still available. If it is still available, the Buyer will be required to submit a written request. Once the request is approved, a new contract will be drawn up for the upgraded unit.

Yes. The process to downgrade is similar to that of upgrading a unit purchase. However, all expenses incurred by the Developer (commission, incentives, penalties, downgrading fee, etc.) shall be deducted from the Buyer’s original contract price, in favor of the Developer.

What are the available payment terms?

There are several payment terms available – Cash Term, Bank Financing Term, Deferred Cash/Installment Term, and No Down Payment Term. Please contact us for more details as the availability of these payment terms also vary per project.

Yes, you may change or restructure your selected term, but this will also be subject to Management’s approval and we will be charging a minimal processing fee.

Yes, we accept payment in US dollars. The exchange rate shall be based on the date the payment is credited to the Developer’s account.

On or before the due date of the first (1st) monthly amortization, the Buyer is required to submit Postdated Checks for the remaining monthly amortizations (that is, until the end of the payment term).

The developer adheres to provisions as stipulated in Republic Act No. 6552 or the “Realty Installment Buyer Protection Act,” also known as the Maceda Law. This law states that when the Buyer has paid at least two (2) years of installments, the seller/developer shall refund 50% of the total payments made if there is a cancellation on the purchase. For payments less than two years, the provisions as stipulated in the Contract to Sell will prevail.

How much is the reservation fee?

Reservation fees vary per project from Php ____ to Php ______.

Requirements to officially reserve a unit or lot are as follows:

1. Full payment of the Reservation Fee

2. Photocopy of one (1) valid government-issued IDs of Principal Buyer/s and Spouse/s (if applicable). Valid government-issued IDs with photos and signatures:

  • Passport
  • Driver’s License
  • GSIS ID
  • SSS ID
  • Professional Regulatory Commission ID
  • Tax Identification Number ID card
  • Senior Citizen ID
  • Postal ID
  • Photocopy of TIN ID card or BIR validated 1904 form

3. Fully accomplished and signed Reservation Application

4. Fully accomplished Buyer’s Information Sheet. For purchase under a Corporation, the following additional documents are required:

  • Articles of Incorporation and By-Laws (photocopy)
  • Secretary’s Certificate indicating the name of authorized signatory (notarized)
  • BIR-validated 1903 or copy of Certificate of Registration
  • For the authorized signatory to submit items 2 and 3 above

The reservation is valid for thirty (30) calendar days from the settlement of reservation fee. Kindly submit all the required documents to finalize the unit booking.

No, the reservation fee is non-refundable and non-transferrable. As stated in the Reservation Application, the reservation fee will be forfeited in favor of the Developer if no succeeding payments are received.

Will I be allowed to inspect the Unit before the actual turnover?

Yes, the Hand Over Team will coordinate with the Buyer on the schedule of unit inspection.

Yes, the Buyer may assign a representative to accept the unit on his behalf thru a notarized Special Power of Attorney (SPA). The SPA is also required to bring a valid ID plus photocopy.

Yes, you may have your unit leased out.

Monthly Association Dues vary per project, depending on the operating expenses of the building. Association Dues are used to defray the cost of maintaining and operating the building’s common areas and facilities. These costs include administration/management fees, janitorial, security, taxes and licenses, insurances, real estate tax, maintenance of equipment water distribution, garbage collection, maintenance of sewage treatment plant, and other miscellaneous expenses.

The unit turnover will be scheduled when all the following conditions are met:

  • Full payment of the contract price (including penalties and interests, if applicable)
  • Complete submission of all the required sales documents (listed above)
  • Payment of related Advance Registration Charges (ARC).

No, this is not allowed. Buyers are encouraged to either avail of bank financing (with accredited banks) or in-house financing to pay the unit in its entirety.