Philippines-Japan friendship takes form in real estate - Federal Land NRE Global

Philippines-Japan friendship takes form in real estate

Yume at Riverpark’s Clubhouse, where convergence and calm will happen. (Artist’s perspective)

FNG bridges culture through space and design

The 1951 San Francisco Peace Treaty laid the foundation for a renewed relationship between the Philippines and Japan. The treaty was ratified by the Philippine government on July 16, 1956, and took effect for the country after a week. Today, July 23, is celebrated annually as Philippines-Japan Friendship Day, as mandated by Proclamation No. 854 in 2006.

The partnership, meanwhile, has expanded beyond government initiatives, as Japanese and Filipino companies engage in joint ventures that contribute to the local economy and strengthen cultural ties.

Among them is Federal Land NRE Global, Inc. (FNG).

Since its launch in 2022, FNG, the joint venture between local property firm Federal Land, Inc. and Japan-based Nomura Real Estate Development Co., Ltd. (NRE), has worked on several real estate projects, focusing on residential and mixed-use communities. These developments show how the countries’ strong ties extend beyond trade — it also connects people through spaces.

 

The Observatory’s façade is inspired by the Philippine eagle, refining vertical living in the metro. (Artist’s perspective)

 

Building spaces, bridging culture

The collaboration between Federal Land and NRE started with the development of The Seasons Residences. Together with Isetan Mitsukoshi Holdings, Ltd., they also brought in the country’s first MITSUKOSHI mall in Bonifacio Global City. What began as a single project has since grown into a wider commitment to urban development.

Today, FNG handles a growing portfolio of mixed-use and residential projects that combine Japanese architectural sensibilities with Filipino lifestyle demands.

Spacious lots in Yume at Riverpark provide ample room for larger gardens. (Artist’s Perspective)

 

“The FNG brand is built on the Japanese and Filipino collaboration. Grounded in sustainability and a future-forward mindset, these values shape how we design and deliver each of our developments,” said Yusuke Hirano, vice-chairman of FNG.

In Cavite, FNG launched Yume at Riverpark, the company’s first horizontal development outside Metro Manila. It is set within Riverpark, Federal Land’s township spanning 600 hectares in General Trias, Cavite, creating a bold vision for a future-ready community. Designed around greenways and water corridors, it brings urban convenience into harmony with nature.

Yume at Riverpark is an 18-hectare community that features open spaces, a wellness center, and a clubhouse designed by award-winning architect Ed Calma with Japanese design firm UDS Ltd.

Strategically placed near the Cavite-Laguna Expressway (CALAX), Yume at Riverpark is easily accessible to residents from the southern part of Luzon. Once the infrastructure is completed, direct interchanges at Riverpark North and South will provide seamless access to the community.

 

The Observatory Sales Pavilion

In Mandaluyong, FNG is developing The Observatory, its first vertical mixed-use development in Metro Manila. Covering 4.5 hectares, the project includes residential towers, office spaces, and commercial zones, positioned near major business districts including Ortigas, Makati, and Bonifacio Global City.

Sora, the first residential tower in the project, takes inspiration from Tokyo’s Shibuya district. It offers flexible layouts designed to accommodate the needs of young professionals and small families. To help buyers better understand the project, FNG opened The Observatory Sales Pavilion, which includes scaled building models, virtual walkthroughs, and interactive tools.

To further integrate lifestyle and convenience, FNG introduces popular Japanese food brands such as UCC Mentore, MOS Burger, and CoCo Ichibanya into its new showroom. These additions provide a distinct experience for visitors.

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.

What do I need to do to officially reserve a Condominium Unit?

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.