Sky Adventure in Fuente

By Cris Evert Lato
Cebu Daily News

Posted date: May 25, 2009

http://services.inquirer.net/print/print.php?article_id=20090525-206991

Sky Adventure in Fuente

For years, white sand beaches and rich cultural heritage are two main reasons why tourists come to Cebu.

But today, there is another reason why tourists are in Cebu: the edge coaster ride on top of Cebu’s tallest tower.

“People now come to Cebu to experience how it is to be on top of Cebu’s tallest tower riding a coaster or watching the scenery from above,” said Richard King, chairman of J. King and Sons Company Inc., which is the prime mover of the activities under the brand Sky Experience Adventure.

King, who graduated summa cum laude in Chemical Engineering from the University of San Carlos in 1979, said the Sky Experience Adventure series was launched in December 2008.

The adventure experience includes the edge coaster ride, sky walk extreme and sky observatory among others. The activities are all located in Tower 1 of Crown Regency Hotels and Towers in Osmeña Boulevard in Cebu City.

The adventure series attracted Pinoy boxing champion, Manny Pacquiao, who was in Cebu last Sinulog.

King said putting up the extreme adventure experience “in the heart of Cebu’s tallest tower” had been planned since he decided to put up the hotel-tower property.

“We want to make this a landmark of Cebu. In two to three years, this may not be the tallest tower here anymore. Having this whole range of sky adventure activities will place us in a strategic position,” said King who has a master’s degree in business management from the Asian Institute of Management in 1983.

SKY EXPERIENCE

About $5 million was invested for the sky experience adventure series, said King.

This investment is growing as they aim to improve the services to suit the adventurous needs of the public.

King said an American company, which put up the different rides in Las Vegas, was commissioned to install the edge coaster ride located on the 38th floor and the sky walk, 127 meters above the street.

King said the company takes pride on the edge coaster ride as the world’s first and the only amusement ride of its kind.

The coaster ride literally goes around the edge of the building. The riders are locked into the rail seats, which can be tilted at 55 degrees.

“We are elevating the level of the hospitality industry to entertainment. It is no longer just rooms or banquets and the concept of sky adventure fits in this entire concept,” he said.

Entrance to the sky observatory costs P380 for non-peak hours (10 a.m. to 4 p.m.) and P480 for peak hours (4 p.m. onwards). The fee is good for two people and inclusive of a sky meal — bottomless drinks and a sandwich.

Online bloggers have posted positive reactions on the edge coaster ride, which is at P500 during non-peak hours and P600 for peak hours. The fee is also good for two people.

For the faint-hearted, the sky observatory, also on the 38th floor, offers an alternative. Coin-operated binoculars and telescopes are available or tourists and visitors can enjoy the view at the tower’s Sky Bar.

About 40 people, including the operators and maintenance personnel, were trained by employees of the American company, who installed the edge coaster ride.

“Safety is secured for all rides and activities. The system is monitored in the US and through the Internet, they know what’s going on–how many took the ride and in what time,” he said.

INNOVATION

An additional feature, which is gaining attention, is the 4D Theatre on the 18th floor where viewers can see, feel, hear and move with the movie.

The audience can watch three movies which last for close to 30 minutes. The fee is from P450 to P600 depending on the viewing time.

“This is innovation and all these put us up ahead of the competition. Innovation is a characteristic of the different ventures of the company,” said King.

King said another ride, called an “insanity orbit,” will also be in place two years from now.

As the company develops more properties nationwide, King hopes to bring the concept of the sky experience.

Taking inspiration from his father, Don Jesus Amado King, he said making people aware and appreciate these innovations would be the primary challenge.

He said he also should not wait for tomorrow to do things that can be done today.

But before making any decision, King said it pays to anticipate for any eventuality by gathering the right information — the same learning concepts he applied in making the breathtaking sky experience adventure activities a reality for Cebu.

Real estate agents across the globe to boost their income through condo hotel investment sales

Philippine Condotel Marketing – we are taking advantage of the credit crunch by offering partnerships with real estate agents across the globe to boost their income through condo hotel investment sales.

 

Internet Marketing will drive the Philippine real estate market upwards says a leading real-estate Condotel marketing group and they poured cold water on speculations that the construction and real-estate sector in the Philippines is heading for a slump as they would be forced to increase their selling prices as a result of the current upward trend in the prices of steel and other major construction material.

Hosting their weekly simultaneous web conference with international Realtors and estate agents across the Philippines, Japan, Australia and the UK on the topic “Effects of Global Construction Costs and the Philippines” , overseas marketing director of Philippine Condotel Marketing Group Fuente Triangle reality development corp. said developers are forced to implement at least 20-percent increases in prices of preconstruction projects immediately and 15-percent over the next six months and this will have minimal effect on the industry in general and even less effect on the current market base for Condo Hotel investors.

 

If you know your trade and you are offering a good product “the market is here to stay so why rock the boat” they said, even as Philippine Condotel Marketing Group Fuente Triangle reality development corp. advised investors to become more astute in their choice of investments. “Common sense in today’s market dictates to look at the pricing trend of a preconstruction development; if the prices are the same today as they were 6 months ago chances are the project will suffer”.

“People have to realize that markets, especially in real estate, go in 10 year repetitive cycles. Compared to today’s situation, on world escalation in fuel and construction material costs, we have had far worse to contend with in the past two cycles the real-estate industry in the Philippines and South-East Asia in general, has experienced. It was by far worse times during the late ’80s and the devastating effects of the Asian financial crisis near the end of the ’90s with a very limited market base” said Philippine Condotel Marketing Group Fuente Triangle reality development corp.

With the arrival of the Internet and communications technology, the whole world suddenly became our market in the Millennium. It is now a global market and with our Condo Hotel developments, sales volume from among near 10 million Filipinos abroad combined with foreign investors from Asia, Europe and the Middle East, remains on the increase.

In order to maintain sales momentum, current marketing trends simply have to change. If you compare the situation in the late ’80s to today, people forget the telex machine had just become redundant and communication was limited to sending a fax offer to buy real estate. A top of the line computer was Apple IIE. Cellular phones were few and far between and the Internet was not even around. Ergo, Philippine real-estate investors were merely comprised of wealthy local Chinese businessmen.

During the late 90’s Asian Crisis, not many people used the Internet. Now it’s 2008 and a very different ballgame. Today’s technology, unheard of 15 to 20 years ago, has for the most part contributed to sales and marketing efforts of developers and will continue to do so. It is the communication factor that will drive sales of Philippine real estate upwards through 2008 well into 2012 and beyond said Philippine Condotel Marketing Group Fuente Triangle reality development corp.

Now I receive daily calls and numerous emails from prospective buyers in Australia, Hawaii, New York, Doha, Dubai and the UK. I even get calls from clients located in Fiji and Mauritius. During the previous crisis years I didn’t get any. To maintain sales, its really a simple matter of being organized, having a great development to market with global appeal, an excellent developer, focus, mind set, intelligence, time, enthusiasm and dedication said Philippine Condotel Marketing Group Fuente Triangle reality development corp. whose company has been consistent top producer for the Crown Regincy Brand of Condotel Investments in the Philippines every year since 2000, to 2008.

Whilst some agents dwell on the number of Philippine properties bought by Filipinos based in the US has began to fall because of the credit crunch, it is a blow but not significant as there are new investment clients out there and we do not focus on the US as a sole marketplace for our sales said Philippine Condotel Marketing Group Fuente Triangle reality development corp.

“Global investors are looking to replace failed pension plans and other future saving schemes with a solid investment in real estate. Many are looking for investments that will give them an income for retirement. Savvy investors are now looking for a more solid investment with potential for monthly income and Philippine Condo Hotel investments are ideal because Philippine Hotel rates are the same if not more expensive than those in the US or Europe but the entry level to purchase real estate is only about 10% of what you would have to pay for a Studio in Manhattan” credit crunch or not they added.

There are also indications that the Russians may take up some of the slack. First-time Russian overseas buyers are now looking at South-East Asia and particularly the Philippines. Overseas property specialists based in the UK, have predicted sustained growth of at least 24% per annum in the Philippines, for the next 5 years.

Further fuelling real estate development is the fact the Philippines remains undiscovered as far as British and many European investors are concerned. Yet because of its close links to the US, English is widely spoken and it is well regarded for its people, affordable living, beaches and diving. It’s a whole new market enthused Philippine Condotel Marketing Group Fuente Triangle reality development corp. “Buying property here is easier than many people think and investment from overseas in tourism real estate is growing, especially in the resort areas of Cebu and Manila itself where rental potential is good”.

However, anyone considering Philippine Real Estate Investments should move at this moment and lock in at current price levels said Philippine Condotel Marketing Group Fuente Triangle reality development corp. Buyers whom reserve now can take advantage of current prices locked in for their units and see an immediate equity return on their investment said Philippine Condotel Marketing Group Fuente Triangle reality development corp.

Philippine Condotel Marketing Group Fuente Triangle reality development corp. are looking for qualified Realtors, Real Estate Agents or Brokers from the Philippines whom would like to travel abroad with proven Real Estate sales background and marketing skills to sell the Crown Regincy Brand of Philippine Condo Hotel Investments in the United States and Europe. Applicants must be willing to spend 1-3 months training and attend classes, and good rate of commission will be given to successful applicants.

 

For more information on Philippine Condos and Condo Hotel Investments, please visit http://www.cebucondoreview.co.cc

Clients requesting Luxury Condotel Suites in Cebu and other areas in the Philippines

“We’ve got so many clients requesting Luxury Condotel Suites in Cebu and other areas in the country,”

The company’s latest sale of condotel units drew not only overseas Filipinos but significant numbers of international buyers from Europe, Australia, Canada and the United States. Units in their latest project like in Boracay and Ultima Prime towers in Cebu

“We’ve got so many clients requesting Luxury Condotel Suites in Cebu and other areas in the country,” said MacAfee. “It’s like a whole new era of Overseas Investments that are coming out of the wood work – it’s not something that we’ve seen in the past. (These Investors) are all characteristically looking for a five star hotel resort, with all the features of a hotel that can be used for vacations and then rent out the units when not in use”.