High-end condos to boost industry

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ONLINE real estate agent MyProperty.ph has listed six mid- to high-end condominium projects in Makati and Cebu that, it said, would keep the residential market upbeat in the next five years.

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The online property agent said the condominium projects are all under construction and
in varying completion dates that would last until 2020.

On its list are: Century Properties’ “Trump Tower Manila,” Shang Properties’ “Shang Place Salcedo,” and Megaworld’s “San Antonio Residences,” all in Makati City; Filinvest Land’s Studio 7 in Quezon City; and Vista Residences, Inc.’s Vista Suarez Cebu and Ayala Land Premier’s “The Alcoves” in the Queen City of the South.

The Trump Tower Manila and Shang Place Salcedo are set for completion in 2016.
The Trump Tower Manila is a 56-storey luxury residential condominium that is the first Trump-branded condominium in Southeast Asia.

It houses 250 luxury units that imbibe the style of New York’s uptown aesthetic, as it will be in “themed designs ranging from the uniquely sophisticated Downtown to the classic and timeless Park Avenue to Fifth Avenue’s glamour.”

Shang Salcedo Place is a 67-storey tower situated at the convergence of Gil Puyat Ave., Tordesillas St., and H.V. Dela Costa St.

It will have 749 units and amenities like a ballroom, a gym with sauna, multi-purpose game rooms, and swimming pools.

Megaworld’s San Antonio Residences and Ayala Land Premier’s The Alcoves are both set to be completed in 2020.

The San Antonio Residences is Megaworld’s 20th tower in Makati and caters to the family-market. The 40-story tower houses 848 units and is expected to generate sales of about P2.1 billion.

Ayala Land Premier’s The Alcoves was planned with Cebu’s Japanese tourists in mind.  The 390-storey development will have 480 residential units, each at least 50 square meters in size, and the one-bedroom units offering a Zen theme.

The Vista Suarez Cebu is a 32-storey condotel that offers both a hotel and a residence.

The hotel component will be from the sixth to the 14th floor.  The condotel units will be from the 15th to the 28th floors, while the top four floors will house the residential studios and one- to two-bedroom flats.

Aimed at the broadening millennial market, Filinvest Land’s Studio 7 is a 17-storey condominium with 450 residential units, an office tower, a mall, a supermarket, bistros, and cafes.

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