drbubb Posted October 17, 2017 Author Report Share Posted October 17, 2017 Avida Wyeth - on Chino Roces : Building demolished The Wyeth plot is 11,000 sqm - on a 12,465 sqm plot, Avida Centera was built with 4 Towers and about 2,500 units / 1 / "You can see it in this pic I took in the airplane" / 2 / Chino Roces Ave is especially tight thanks to these developments sprouting everywhere. > ssc : http://www.skyscrapercity.com/showthread.php?t=1992434 Link to comment Share on other sites More sharing options...
drbubb Posted November 26, 2017 Author Report Share Posted November 26, 2017 Fortis Garden Residences DMCI Pasong Tamo Makati Condo near Magallanes MRT and BGC Launching 1st Quarter 2018!!! Soon to Rise along Chino Roces Ave. in Makati, near EDSA Location: Chino Roces Ave., San Antonio, Makati City (beside Savemore & CW Depot Magallanes) Land Area: 7,200Sqm 2 Hi-rise Building (Residential 47th storey & Commercial/Office 37th storey) Mixed units:1, 2 & 3Bedrooms Pocket Garden WILL FORTIS SELL OUT quickly? There are different opinions on SSC about how quickly Fortis Gardens will sell out + D: I had been with DMCI for many years and I know that this project will be sold out in one day-- since almost all of my previous clients in DMCI are going to be repeat buyers because of this project. + M: Sold out in one day a bit to optimistic I think.San Lorenzo Place which is even directly linked to the MRT Magallanes Station isn't sold out yet and was launched in 2008 or 2009 if I am not mistaken. + J: I think its possible.. its all about The brand's reputation. + B: ...and price acceptability. Absurd pricing for a flood-prone, noise-susceptible location would be the deal breaker. == > ssc: http://www.skyscrapercity.com/showthread.php?t=1847521&page=10 (per another page): "As per my agent, this project would cost more or less 120K/sqm wow" - M. (July 2017, and this number does not seem so "wow" in Nov. 2017) Link to comment Share on other sites More sharing options...
drbubb Posted January 2, 2018 Author Report Share Posted January 2, 2018 Future Skyscapers Rising up here? Along Chino Roces? Chino Roces - Give it 10 years, and there are likely to be more high rises here. (I suppose tenants will have to become comfortable with traffic & PNR train noise.) Avida's "Wyeth" lot on Chino Roces is now cleared and ready to be developed ALI spent a total of P85.4 billion in capital expenditures for land acquisition, construction and other investments in 2016..."On June 24, 2016, Avida executed the DOAS with Wyeth Philippines, Inc. for the acquisition of 11,000 sqm parcel of land located along Chino Roces Avenue, Makati City amounting to P1,981.4 million (/11,000 sqm = P180.1k psm) > pg.203, ALI's 2016 A.R. : https://www.ayalaland.com.ph/wp-content/uploads/2015/03/AYALA-LAND-ANNUAL-REPORT-2016•041817.pdf Link to comment Share on other sites More sharing options...
drbubb Posted January 10, 2018 Author Report Share Posted January 10, 2018 Avida Asten has Three Towers, #1 is now being occupied HISTORICAL Prices (Tower 1, about Sept. 2013?) STUDIO : 2,344,000. / 22.40 = 104.6k psm 1 BR ------ : 4,291,840. / 39.38 = 109.0k psm / 1.12= P 97.3k psm /balcony : 4,883,200. / 48.03 = 101.7k psm / 1.12= P 90.8k psm 2 BR ------ : 7,032,480. / 61.64 = 114.1k psm / 1.12= P101.9k psm ======= > https://www.phrealty.com/properties/condominium/avida-towers-asten-makati-for-sale-15494.html Avida Towers Asten on track for Q3 turnover’ January 30, 2017 At present, the architectural work is nearly complete in Tower 1 of the project located between Yakal and Malugay Streets on Makati’s west side (near the intersection of Buendia and Chino Roces Avenues), while workmen have moved into the upper floors of Tower 2. Recent Tower 3 prices ===== T3-2017 STUDIO : 3,000,000. / 23.00 = 130.4k psm 1 BR ---- : 4,600,000. / 33.00 = 139.4k psm / 1.12= P124.5k psm 2 BR ---- : 9,000,080. / 65.00 = 138.5k psm / 1.12= P123.6k psm Parking: 1,200,000. / 12.50 = 096.0k psm T3-2018 STUDIO : 0,000,000. / 23.00 = 000.0k psm 1 BR ---- : 0,000,000. / 33.00 = 000.0k psm 2 BR ---- : 0,000,080. / 65.00 = 000.0k psm Parking : 0,000,000. / 12.50 = 000.0k psm ===== Link to comment Share on other sites More sharing options...
drbubb Posted January 21, 2018 Author Report Share Posted January 21, 2018 On 1/2/2018 at 1:08 PM, drbubb said: Future Skyscapers Rising up here? Avida's "Wyeth" lot on Chino Roces is now cleared and ready to be developed WITHIN THIS YEAR - A Launch? Per SSC: " As for now, Avida calls this as Project Wyeth. It will be unveiled within the year to the public. During our sales kickoff last Friday, this is one of the Avida projects that was shown to all agents and brokers of Avida that will be launched within the year. " Link to comment Share on other sites More sharing options...
drbubb Posted March 5, 2018 Author Report Share Posted March 5, 2018 SM's New (& expensive) Red Residences - near Paseo des Roces Red was Said to be about P212k per sqm, making it easier for Avida Wyeth to launch a project at P200k, or higher (But the Avida lot - 11,000 sqm parcel of land - is more than 3X Larger. So has room for maybe 2-3,000 units.) This report shocked some: "one bedroom 26.5 starts from 7m" - that's P264k per sqm!! But it may have been a "Red Herring" - haha Link to comment Share on other sites More sharing options...
Euro Chocozone Buyer Posted March 13, 2018 Report Share Posted March 13, 2018 San Lorenzo Place. It is NOW or NEVER. https://www.olx.ph/item/mrt-magallanes-san-lorenzo-place-until-03-13-18-8pm-only-ID8iCss.html?h=42454914d3 The question is how Empire East will react to the surrounding price increases on Chino Roces. Empire East used to be the most expensive developer (price/quality wise), but now that Red Residences and Avida Wyeth are being launched at significantly higher prices, it will be interesting to see how much the real price increase will be. Most of the ads for SLP on olx.ph are scams, -- there appear to be very few individual owners who are selling --.that is what I have observed so far. So the big day will be March 16th and we will know how they will react. According to the above seller, it is NOW or NEVER, and I have seen rumors of a WHOPPING 20pct price increase. Procastinators, this might be the last time in your life that you might see such LOW prices. So it looks as if Chino Roces is becoming another HOT SPOT. Link to comment Share on other sites More sharing options...
Euro Chocozone Buyer Posted March 13, 2018 Report Share Posted March 13, 2018 Here is the link It a 20 18 hit. A hit in your pocket. Around 2013-2014, San Lorenzo Place was about 10-15 pct more expensive than Avida San Lorenzo and Leaureno di Trevi, I remember, but now in 2018, Empire East is about 15pct cheaper than Avida Wyeth and Red Residences. (180K and 260K respectively for the latter 2). So just to arrive at a same price level as Avida Wyeth, San Lorenzo Place unit prices have to increase by about 20pct. If Avida Wyeth price will be 180K and the current SLP price is 145,000 for RFO units, then a 20pct price increase will just mean that SLP prices will be at the same level as Avida Wyeth. And then I do not even talk of Red Residences which is a 260K per square meter building. Conclusion. A 20pct price increase is warranted, -- and a case can be made that a 28pct price increase is possible because that would rectify the current situation so that SLP would be 10pct more expensive than Avida, which was the historical norm and also because SLP has the MRT connection. There appear to be very few freely available units in SLP. There are drawlots and lotteries going on for the remaining units. So isn't this a market signal that they're selling their units too cheaply??? Link to comment Share on other sites More sharing options...
Euro Chocozone Buyer Posted March 15, 2018 Report Share Posted March 15, 2018 There was an interesting comment on SSC regarding RED RESIDENCES. http://www.skyscrapercity.com/showpost.php?p=146302031&postcount=29 """" SMDC and Megaworld are working with Chinese brokers on "special bulk purchase deals". Example: In Dec 2017, SMDC remaining Jazz inventory were valued at ~240k/sqm. Chinese brokers started distributing "special cash deal" with discounts of 30%-35% that lowered the selling price to ~160k-170k/sqm. This allows Chinese brokers to market "great deals" to their customers. This allows developers to get higher prices for their inventory (Jazz are going ~130-140k/sqm in resale market). This makes the Chinese buyers feel happy that they got a big discount and a great deal. __________________ """"" Apparently one large Chinese buyer bought the entire RED RESIDENCES building but SMDC did not allow this. Still Chinese groups are buying huge inventories of newly launched buildings (DMCI Fairlane also experienced this I read), and part of the marketing strategy is to massive inflate newly launched unit prices. Those units are then sold to Chinese buyers at a 30pct discount, who then believe they are getting a good deal. But this then leaves me to wonder. Why can the Chinese buyers get a bigger discount, and why do the poor Filipinos have to pay those massively inflated prices??? This is economic imperialism. Link to comment Share on other sites More sharing options...
drbubb Posted March 16, 2018 Author Report Share Posted March 16, 2018 I think the ability to make a big price increase "stick" at SanLo Place may depend on the layouts. The 2BR's with square living rooms, and the only light coming from the BR windows is not a great layout imho. I like the end units, where there is another window on the side (like above) - much brighter! Down, Chino Roces, next to WalterMart, and so a 10 minute walk from Greenbelt, is a project with a similar name: High-floor. AVIDA SanLo studio units are now being valued at P 140k psm (or higher) by some agents. I think that is reasonable given the rumored price levels at Avida Wyeth, and announced prices at SM's RED residences On the other hand, SLP's location, attached to Magallanes station ought to be a good plus. (Provided the trains on the MRT start running in a more timely fashion.) Link to comment Share on other sites More sharing options...
Euro Chocozone Buyer Posted March 16, 2018 Report Share Posted March 16, 2018 Well it is still UNCONFIRMED, -- the first ads have appeared on olx.ph. https://www.olx.ph/item/very-affordable-rfo-condo-in-makati-san-lorenzo-place-connected-to-mag-ID8iZz1.html?h=51ad25b87a The price increases have been postponed for 2 days, and will start on march 18th 2018 according to this poster, who posted around 20 similar ads on olx.ph today announcing a 20 Pct price increase. https://www.olx.ph/item/2-bedroom-unit-in-makati-ayala-near-buendia-magallanes-26k-monthly-3-ID8iZD1.html?h=51ad25b87a https://www.olx.ph/item/san-lorenzo-place-1br-18k-monthly-300k-dp-to-move-in-26-sqm-near-in-ay-ID8iZDW.html?h=51ad25b87a There then is already another poster whos ads are unclear at the moment. 1Br 26sqm will cost 4,3M, 2Br 38sqm costs 6,3M, that is around PHP165,000 per square meter, which is a 20pct rise in the stardard price. We will now have to wait until monday for further confirmation, but this is a move that is entirely understandable. (However he says 10pct downpayment but then lists 300K downpayment on a 4,3Million unit, -- that downpayment is only 6pct). So it looks like saturday march 17th will still be NOW and march 18th will be NEVER. Empire East management had to take into account market forces. They are a listed company and have responsibilities to shareholders. So the market forced them to raise prices. This is my idea. However I do not believe that they have that much units available, so this price increase is more of a marketing and PR stunt. By pricing their units around 10pct below the starting prices of the new developments that are coming, they are maximizing their last revenue stream from this project. A 165K RFO unit in SLP is a much better value than a 265K Red Residences unit or 180k Avida Wyeth unit. The biggest opportunities will now come from the secondary market, -- the tangible market -- as I have seen some ads from SLP units on the facebook pages of REMAX LYONS and INVEST IS THE BEST. And there are still 3BR units ON SLP listed on olx.ph for only PHP110K. https://www.facebook.com/profile.php?id=100007641678586 https://www.facebook.com/investisthebest/ The other big development to look out for is FORTIS GARDEN, and I believe it will be priced at between PHP165,000 and PHP180,000 per square meter, because their projects in Mandaluyong are already close to PHP120K per square meter now. This is the most telegraphed project launch in all of PH, -- they have telegraphed this years in advance -- and I have even met people who told me they were going to invest there. They have already created a massive interest in the project NOW so this price is going to be HIGH. Link to comment Share on other sites More sharing options...
drbubb Posted March 17, 2018 Author Report Share Posted March 17, 2018 I think that Empire East must have very few units left - and the "Real" price now would be determined by action in the secondary market. Anyone who fails to look there, and pays 20%+ more to the developer could be wasting their money, if they could have found what they wanted from a secondhand seller === In properties like The Rise, Secondhand sales are happening at P 4.3 million (or so) now, while the Developer offers units 30% higher > see: Link to comment Share on other sites More sharing options...
Euro Chocozone Buyer Posted March 21, 2018 Report Share Posted March 21, 2018 https://www.property24.com.ph/2-bedroom-condominium-for-sale-in-chino-roces-112369878 The price for RFO condos in SLP is PHP170,000 per square meter, - ON A rent to own basis - so it was indeed a 20pct increase. There's usually a 10pct discount for cash buyers, so the cash price is around PHP150,000 more or less. (for Emp East this is a first, -- I know Avida is already well over PHP200,000 per square meter in BGC) I have noticed that prices in the secondary market appear to be picking up as well. The ads for RESALE 3Br UNITS in SLPs -- and there were 3 of those -- have all disappeared. They only had a PHP110,000 per square meter price tag. (Bigger units are more difficult to sell) And this was the real deal, IMO. Another ad for a secondhand flat in Avida San Lorenzo, priced at PHP90K per square meter, posted a few weeks ago, disappeared within days of posting, so if the price is right, buyers could/might be found quickly. For those buyers it was truly NOW or NEVER. It is possible that these lower prices might NEVER again be seen, because new construction is so prohibitively expensive that intelligent buyers automatically will be forced to look at the secondary market. The market mechanism will likely do its work now. My guess is that secondary market prices are PHP115-120K for Avida San Lorenzo, and PHP130-135K for SLP, (up to 2-BR) and around PHP120K for 3Br units. Which confirms what Dr Bubb has been saying that if you go straight to the developer, you risk overpaying 20pct on average. And this was & still is the real deal in Chino Roces. Not the RED RIBBON RED residences. RED RIBBON offers are plasticized deals which could be a RED flag and become RED INKT. A 3BR slp UNIT which one seller - just a few weeks ago - on OLX.ph was offering for the ridiculously low price of PHP8Million for 77 square meter is a much better deal than RED Residences, IMO. 60pct cheaper than new construction. And it confirms his thesis, Chino Roces is becoming a HOT SPOT. So while 2017 saw a break out in BGC and The Bay Area, the 2018 break out SPOTS will be CHINO ROCES, ROXAS BLVD and BONI/SHAW. There are a lot of similarities between CHINO ROCES and ROXAS BLVD. Both serve as extensions of the main center. CHINO Roces offers SCHOOLS and TRANSPORT connections, and proximity to the BAY area. ROXAS blvd is the extension of the MOA business district. It offers Higher Buildings/ Sckyscrapers which paranaque cannot offer due to the airport, and it is less crowded than MoA. Link to comment Share on other sites More sharing options...
drbubb Posted March 22, 2018 Author Report Share Posted March 22, 2018 Knockdown prices - And they Go Fast "The ads for RESALE 3Br UNITS in SLPs -- and there were 3 of those -- have all disappeared. They only had a PHP110,000 per square meter price tag. (Bigger units are more difficult to sell) And this was the real deal, IMO. Another ad for a secondhand flat in Avida San Lorenzo, priced at PHP90K per square meter, posted a few weeks ago, disappeared within days of posting, so if the price is right, buyers could/might be found quickly." P 90K for Avida SanLo, is really really cheap in the current market. Avida keeps a record of NOTIONAL VALUATIONS for all Avida units, even in the secondary market. My agent friend tells me that the "Valuation" for my 2 year old High Floor Studio is now : P 143K per sqm. So if someone sold a high floor studio at P90k, that's an awesome -37% discount to Avida's valuation. But maybe the unit sold was: Older (Tower 1), Lower floor, and Larger (- all these could reduce valuation). Or maybe the seller was in a big hurry, and someone got a fantastic bargain. If that is the best price i could get for my unit, I would hold on, and rent it out Link to comment Share on other sites More sharing options...
drbubb Posted March 22, 2018 Author Report Share Posted March 22, 2018 "CHINO Roces offers SCHOOLS and TRANSPORT connections, and proximity to the BAY area." Why do you regard "proximity to the BAY area" as a Big Plus? I think "proximity to the good jobs near Ayala Avenue" is a much bigger draw. I had a meeting just an hour or so ago with a young banker at PNB, to enquire about opening an account for a USD Time Deposit that the PRA wants me to lodge. She wanted to see my evidence of address, and I showed here a letter with an Avida SanLo address. She was surprised, and said, "Oh, I live in Avida also... in Tower 1." I asked her how she liked it, and she said she was happy there. Apparently, her parents bought it for her and a sibling. I asked her if she walked to work, and she said she always did, and seemed surprised that I would even ask. There seem to be plenty of decent paying jobs for young professionals along or near Ayala Avenue. This may be why that property sold well, and is now full, with virtually no vacancies. She seemed happy, when I told her that Avida will launch new studios at Wyeth priced near P 4million. And that her 1BR unit might be worth P 5million or more eventually Link to comment Share on other sites More sharing options...
drbubb Posted April 28, 2018 Author Report Share Posted April 28, 2018 Federal Land is taking advantage of the high prices at SMDC's Red residences (next door) - to raise its own pricing at Paseo de Roces Prices on RFO units at Paseo de Roces are said to have been pushed up by about 25% since April 2017, one year ago. Link to comment Share on other sites More sharing options...
drbubb Posted April 29, 2018 Author Report Share Posted April 29, 2018 RED Residences Some posters on SSC think it was in order to make Bulk Sales to Chinese buyers ("discounted" by 35%) PRICING is high! 1-BR price : P7,136K / 26.04sqm = P 274.0k psm / Paid as: 15% over 47 mo. +85% @ completion, Apr.2022 Note: @ completion: (85%): P 6,066K /26.04 = P 233k psm, "a price from which a buyer might easily walk" in a weak market > source + 584C : In China, property developers often offer "bulk purchase prices" to individual or groups of individual buyers who buy many units at one go. Chinese buyers have come to expect "heavily discounted bulk purchase prices". Hence, SMDC and Chinese agents collaborated to give the Chinese buyers what they want. If one can buy in sufficient bulk, 35% discount is easily obtainable for SMDC condos. In early 2017, one Chinese millionaire was offered 70+ remaining units of SMDC AIR inventory at ~110-120k/sqm, while AIR's list price at that time was ~170k/sqm.The way I see it, 265k/sqm for RED means the Chinese bulk buyers probably get in at ~180k/sqm, which is still high and gives fat profits for such a location. . . . Look it from another angle. If your product is worth 1000 peso, will you want to sell it for 650 peso? Link to comment Share on other sites More sharing options...
Euro Chocozone Buyer Posted July 2, 2018 Report Share Posted July 2, 2018 https://rentpad.com.ph/places/san-lorenzo-place/4d0bdfc669 Rental rates appear to be very strong now in San Lorenzo Place. On Rentpad around 10 units are listed for rental and the average rental price per square meter is around PHP900 to PHP1050 per square meter. This is substantially higher than the PHP770 as being portrayed on the dotproperty.com.ph website, so rents appear to have increased dramatically in value here recently. It might have something to do with the location only, because the finishing of these units is just so so. https://www.dotproperty.com.ph/condo/594/san-lorenzo-place Dot property mentions a gross rental yield of 6,6pct but if current rents are an indication, then for those original buyers, gross rental yield might be close to 9,5 to 10 pct. F.I. for an 38 square meter flat, the original purchase price was 4.6Million + 0,3Million other charges 4,9Million. Rental yield PHP38,000 x 12 = PHP456,000 Gross rental yield is 9,3pct. Just an observation. I don't know about Avida San Lorenzo but SLP rents are very high now. Link to comment Share on other sites More sharing options...
drbubb Posted July 4, 2018 Author Report Share Posted July 4, 2018 Do you know how much Rent they are actually fetching? (900-1050psm is "Asking" Rent) P900 or 1000 would be a great return for those who paid P90-100k psm some years ago. I paid just under P100k psm for my 22 sqm unit at Avida Towers, San Lorenzo - in 2015 when I paid Cash, & got a10% discount. Hoping to rent, if I do at P20,000 -22,000 monthly. That's about P900-1000 psm (also) I am living in it now, so cannot rent it out (yet) At P20,000 x 12 = P 240k / P2.1 million (approx. cost) = 11.4% Gross yield. But I should probably add on my approx. p200k decorating cost, so: At P20,000 x 12 = P 240k / P2.3 million (approx. cost) = 10.4% Gross yield. I valued it today at a 7% yield, using P20k month rent, I would get a Capital value of: At P20,000 x 12 = P 240k / 7% = P3.43 million (est. Capital value) Link to comment Share on other sites More sharing options...
drbubb Posted November 27, 2018 Author Report Share Posted November 27, 2018 VION TOWER : Coming to Chino Roces -- VION TOWER EDSA cor. Chino Roces Makati City Megaworld's tallest development project NOW ACCEPTING RESERVATIONS > https://www.makatiprimeproperties.com/vion-tower-makati.html It will be very interesting to see what they have planned to do, if anything, to connect the new project to the MRT, and the PNR station. If there will be easy access, then this might be the project with the best public transport - rail connections in Greater Manila If you believe that both the MRT and the PNR will be improved in the future, there may be some real potential for capital gains Two not very positive comments from SSC: Originally Posted by P. M. probably one of the noisiest place in Makati - where PNR, MRT, Skyway, SLEX, Chino Roces, EDSA converge. A place like no other. And where there are old jeepneys plying the route, there's high level of unburned/partly burned carbon (from diesel). Reaction (#5##)That is why Chinese investors are good. They are not well advised by their Chinese agents and will buy up such sub-optimal projects at high prices, stimulating BIR VAT revenues and property developers’ revenues Link to comment Share on other sites More sharing options...
drbubb Posted November 28, 2018 Author Report Share Posted November 28, 2018 RED Residences - ONE Buyer? (who defaulted) That's what THIS report says Recently met up with a property investor from China and below is what he told me (unable to confirm the accuracy).All of Red’s units were sold to a Chinese P2P entrepreneur during launch, average price of ~5.10m for 26sqm 1BR. 40% are perpetual ownership while remaining units are 50 years lease. It seems ~30% bulk sales discount was given to the high average list price of ~265k/sqm. When the P2P guy ran out of money and defaulted, Chinese brokers round up a group of Chinese investors (who have never been to Philippines) to take over the original contracts. The 10+ investors argued in their 5 star hotel as everyone wants to grab more units. The next day, they found they were SMDC’s spare tyre when they found out that another Chinese broker has found a buyer to take over all of Red’s units at ~8m for ~26sqm unit, meaning average price of 300k/sqm!!! > SSC - More here: http://www.greenenergyinvestors.com/topic/21197-little-china-tech-zone-area-san-antonio-makati/?page=2 Link to comment Share on other sites More sharing options...
drbubb Posted December 19, 2018 Author Report Share Posted December 19, 2018 AVIDA SOUTHPOINT - is the official name for what some called "wyeth" Price is said to be P200k+ per sqm - I am checking this Link to comment Share on other sites More sharing options...
drbubb Posted January 17, 2019 Author Report Share Posted January 17, 2019 Wyeth has a new name -- and some pretty fancy prices Address: 2236 Chino Roces Ave, Makati, Avida Southpoint - Preselling prices, per website Type -- : Price---- : Size (sqm): PerSqm: Rent est* : Yield* Studio : P4,776k : 23.3 sqm : 205.0 k : 1200psm : 7.02% Jr 1BR : P4,776k : 23.3 sqm : 205.0 k : 1200psm : 7.02% 1 BR--- : P7,831k : 38.2 sqm : 205.0 k : 1000psm : 5.85% Completion expected 2023 : 4-5 years? *Rent and Yield are mere estimates based on 26,000/mo. for 22sqm units (P1182psm) at Avida San Lorenzo. 1BR unit was 17% less, given lower per sqm rents for larger cuts Typical payment structures: + 10% spot + 10% over 36 mos. + 80% cash/bank loan + 10% spot { 10% over 48 mos + 80% cash/bank (2 BR only) > http://preselling.com.ph/wordpress/property/avida-towers-makati-southpoint/ > source: http://preselling.com.ph/wordpress/property/avida-towers-makati-southpoint/ Link to comment Share on other sites More sharing options...
drbubb Posted February 16, 2019 Author Report Share Posted February 16, 2019 Beacon Tower(s) and Avida Tower San Lorenzo From Kroma Tower, next to City Gate Link to comment Share on other sites More sharing options...
drbubb Posted March 15, 2019 Author Report Share Posted March 15, 2019 What means Wiser? Avida has a definition: Avida’s Southpoint Makati project targets ‘younger’ and ‘wiser’ millennials March 12, 2019 Jonathan Fabricante, Avida Land Head of Innovation and Design Group, noted these young, working millennials are now looking to own their own homes, as part of their transition into adulthood. “Millennials when they buy units, they realize they’re mostly at work… In the end, they realize they just need a space that is just right size, enough to sleep comfortably, with a good address, near places of work, malls, hospitals, entertainment areas, very walkable and easy to drive to,” he said during the same briefing. To cater to the millennial market, Makati Southpoint offers units that are “just right” for their needs. . . . Makati Southpoint’s amenities include a clubhouse, indoor gym, children’s play area, swimming pool, kiddie pool, a jogging path and a linear park. “(Makati Southpoint) has collaborative spaces — a huge area with a lot of seats and tables where people can do group study, meetings. It’s a conducive place to hang out with friends and family, an extension of their living space,” Mr. Fabricante said. The development also incorporates sustainable design features, such as rainwater harvesting, and sensor-controlled hallway and podium parking lights. Units will have water-efficient toilet fixtures, LED lights, and low solar heat gain glass windows. Mr. Alabe noted Makati Southpoint’s location is a main selling point as it is “within three kilometers of eight major office buildings, seven schools, six commercial areas, six spaces for arts and culture, five hospitals and places of worship.” Aside from Makati central business district, it is easily accessible from EDSA, South Luzon Expressway, Pasay and Manila. > https://www.bworldonline.com/avidas-makati-project-targets-younger-and-wiser-millennials/ WALK TO WORK & Save time? Great But even WISER STILL might mean buying cheaper in the secondary market Innovation in the 2nd market is an idea whose time has come Link to comment Share on other sites More sharing options...
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