Aseana City Explained

Development Name:Aseana City
Subdivision Type:Country
Subdivision Name:Philippines
Subdivision Type1:Region
Subdivision Name1:Metro Manila
Subdivision Type2:City
Subdivision Name2:Parañaque
Subdivision Type3:Barangay
Subdivision Name3:Baclaran and Tambo
Location:Parañaque, Metro Manila, Philippines
Owner:D.M. Wenceslao & Associates
Developer:Aseana Holdings
Coordinates:14.5279°N 120.9885°W
Pushpin Map:Metro Manila#Luzon mainland#Philippines
Pushpin Map Caption:Location in Metro Manila##Location in Luzon##Location in the Philippines

Aseana City (also known as Aseana Business Park) is a 204ha mixed-use central business district development located in Parañaque, Metro Manila, Philippines.[1] Owned and developed by D.M. Wenceslao & Associates (DMWAI) through Aseana Holdings, it is situated in the centermost portion of the Central Business Park (alongside PAGCOR's Entertainment City) between the SM business complex in the north and Asiaworld in the south within the Bay City area.[2] [3]

Development

DMWAI was awarded by the Philippine Reclamation Authority to occupy the CBP I-B and C lots as the Aseana Business Park. The project began in 2008.

The development occupies 4ha Neo-Chinatown, Aseana 1 to 3 office buildings, Singapore School Manila, The King's School, Manila, Ayala Malls Manila Bay, Parqal Mall, and the Passport Center of the Department of Foreign Affairs. City of Dreams Manila, one of Entertainment City's integrated resort and casinos, is also situated within the development.

Other places located in Aseana City are the Aseana Power Station, Aseana Square, and the St. John Paul II Chapel.[4]

Controversy

In June 2013, Alphaland owner Roberto Ongpin received a court order from the Makati Regional Trial Court to deliver the 10ha marina project with Aseana, despite he refused to pay his dues. DMWAI, however, refused to sign the loan documents related to mortgage, which led to its cancellation of their joint-venture with Alphaland.[5] [6]

Events

Further reading

Notes and References

  1. News: Aseana City looms as next major CBD. Gonzales. Iris. The Philippine Star. April 22, 2018.
  2. News: CENTRAL BUSINESS PARK I - B AND C. Philippine Reclamation Authority.
  3. News: Aseana to invest P12 B in 5 years. Loyola. James. Manila Bulletin. July 6, 2018.
  4. News: Aseana City primed for exponential growth. Philippine Daily Inquirer. June 24, 2017.
  5. News: Ongpin's Alphaland owes P28-M in dues to Aseana City?. ABS-CBN News. March 4, 2014.
  6. News: Wenceslao seeks court relief over Alphaland Marina Club row. Rappler. November 5, 2014.
  7. News: Tan. Lara. 'East meets West': Kanye West to perform in the Philippines in 2016. December 12, 2015. CNN Philippines. December 9, 2015. December 22, 2015. https://web.archive.org/web/20151222080356/http://cnnphilippines.com/entertainment/2015/12/07/Kanye-West-Philippines-concert-Paradise-International-Music-Festival-April-2016.html. dead.
  8. News: Estrada. Olivia. Manila, Are You Ready? Kanye West Is Coming. December 12, 2015. Philippine Daily Inquirer. December 7, 2015.