Thursday, July 17, 2014

SM Says Aura Area Should Not Go to BCDA

SM Aura image from Manila Coconuts
Wazzup Pilipinas!

SM Prime Holdings Inc. has built SM Aura for the residents of Taguig so they see no reason why it should benefit BCDA and not the people of Taguig. SM is sick and tired of all the restrictions the BCDA is trying to place on the property when it is not really theirs. The BCDA is trying to argue that the property should also benefit Taguig when SM did just that when they placed a park on top of the mall that can be accessed even when it is off mall hours. The food establishments on SM Aura are international brands like NBA Café, Ramen Nagi and Todd English Food Hall. There is a reason why the Al Fresco part of SM Aura is always jam packed and that is because the food here is good.

SM won the bidding for the property in an auction fair and square so BCDA really has no right to dictate to them what they want them to build in the property. They actually let Taguig dictate what they want to build as there is a little bit of everything in the Aura property including a mall, convention center, park, government offices and a lot more. The fact that SM let BCDA dictate what they have to build in the property is completely unfair since they won the auction.

It is widely expected that SM Aura is going to be crowded for a long time since it is a nice place to hang out. It won’t be long before the building there is open to be occupied by offices which will make the area even more crowded. BCDA’s arguments are so pointless that Taguig officials are starting to questions their points. Even the Taguig mayor knows that the Taguig residents were able to benefit from the new mall of SM.

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  1. To be honest BCDA has no case anymore It was BCDA not Ayala's that donated the land to Taguig City. It was a donation from a government entity to another. Ayala did not pay for that donated land and therefore not an aggrieved party in this case, even if they were part of the group that built the infrastructure in BGC (where they already made and continue to make huge profit from sold lots, dues and their own developments).

  2. You are right, there's more in this and I don't understand why BCDA is after SM since they are only leasing the parcel of land from Taguig. So pretty sure there more in it.

  3. SM Aura is really built as state-of-the-art. It is complete of most services. It is a commercial community per se. I think this is one of the reason why BCDA is jealous about.


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