Ayala Land pre-sells 70 pct of ‘ultra-luxury’ condo project in Makati CBD
By: Krista Angela M. Montealegre, InterAksyon.com
SOURCE:
http://www.interaksyon.com/business/96996/ayala-land-pre-sells-70-pct-of-ultra-luxury-condo-project-in-makati-cbd

MANILA – Ayala Land Inc (ALI) cited brisk take-up for the second tower of its “ultra-luxury” Roxas Triangle Towers in the Makati central business district (CBD).

In a briefing on Thursday, Ayala Land Premier head of sales Mike Z. Jugo said 70 percent of the 182 units at the Two Roxas Triangle has been taken up since it was launched a year ago. Total revenues for the high-end residential tower will reach over P10 billion.

Located on a 1.2-hectare lot at the heart of the Makati CBD, Roxas Triangle Towers is a development by Roxas Land Corp, a joint venture between ALI, Hong Kong Land and the Bank of the Philippine Islands (BPI).

Ayala Land Premier launched Two Roxas Triangle 12 years since completing the first tower, One Roxas Triangle, considered to be one of the most exclusive residential enclaves in Makati. The property has 182 units on 52 floors.

“This kind of project comes very far and between. Even with a robust market, I don’t think there’s enough space for another building like this. This product is ultra-luxury,” said Jose Juan Jugo, head of Ayala Land Premier.

The luxury segment of the real estate market has remained “very robust” over the years, Jugo said.

“Because of the brand we have and the company behind us, we were able to sell much quicker than that. We’re confident that we will be moving on with the next project – whatever that maybe – soon,” he said. Turnover of the units will start in 2019.

Similar to One Roxas Triangle, the second tower of the development offers only three- and four-bedroom units starting at 302 square meters with an average price of roughly P200,000 per square meter.

The biggest cuts are the 550 square meter penthouse units with four bedrooms, a living area, dining area, a walk-in closet, gourmet kitchen and bathrooms.

Two Roxas Triangle will only have four units per floor, priced at P60-70 million on average.

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