SMDC’s Shell Residences 87% sold

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Artist’s perspective of the Shell Residences COURTESY OF SHELLRESIDENCES.WEBS.COM

MANILA, Philippines—Presidential property developer SM Development Corp. reported that its second project in the Mall of Asia complex, the 3,093-unit Shell Residences, was 87 percent sold as of end-2012.

Shell Residences, launched in late 2011, was a follow-up to SMDC’s Sea Residences development. Construction of this new project began in May last year and completion is set for late 2015.

Rising on a 2.2-hectare property, Shell Residences is a mid-rise condominium development that offers a resort-style living experience within the metropolis. Its four 16-story buildings will be built around an expansive, Boracay-inspired pool area with a gazebo, cabanas, sunbathing chairs and lush tropical gardens.

Aside from offering a view of the famous Manila Bay sunset and proximity to the Mall of Asia, Shell Residences will also feature luxurious grand lobbies, a clubhouse, function rooms, a children’s playground, and a jogging trail.

The project offers one-bedroom units, with or without balcony, as well as two-bedroom units with balcony. Unit sizes range from 25.6 square meters to 98.5 sqm. From an average selling price at launch of around P92,000 per sqm, SMDC said property values have risen, with current selling prices ranging between P2.8 million and P14.6 million per unit.

SMDC is the residential property arm of tycoon Henry Sy’s flagship conglomerate SM Investments Corp.

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  • http://pulse.yahoo.com/_GUZISWUMVDD5QJUC7GBJKEM7XA prangka

    Not a single blogger so far have nice thing to say about SMDC projects. As for their stocks, napagiwanan na sila ng Megaworld, Vista and Ayala Land.

  • http://profile.yahoo.com/AIYSIJJOL4JNRLHXVTGUH3NYHM The Overlord

    Sorry, but SMDC is the property developer that you should avoid, along with Megaworld. 
    And what the heck is a “Presidential property developer”?

  • Bring back Phils Glory. Unite.

    Funny as our country they say are getting better, the businessmen are getting greedier! 

    How can you ever let Juan de la Cruz catch up with the steep prices that Real Estate crazies are doing. Instead of letting the OFWs, who are their main buyers, be able to easily reach their targets of fully buying their own homes and allot for other aspects of their lives to improve on, Real Estate will eat all of them. Who are the winners? The Real Estate greedies! This should be looked upon by the government.

    Even the prices of clothes and everything are following international prices. Please remember that not all Filipinos are OFWs. I myself is an OFW but as I compute cost of living here, 20K is a basic minimum, you still don’t have savings and payment for your utilities and what more for housing.

    The country is living on illusion! Time will come that Philippines will not be liveable for Filipinos! And the units, they are being lived on. Even subdivisions, there are lots of vacant spaces there. Do you think the housing problem is being solved by putting a lot of units. No. 

    And for those who bought condo units, you should also take a look at the costly Association dues. 

    The government should take a look at this urgently. This is a time bomb.

     

    • simonibarra27

      Tira ka sa kuweba para wala kang gastos pre! hypocrite!

      • Bring back Phils Glory. Unite.

        mind you. i have more than 12 properties…i think i will change my mind with SMDC…what a BS group.

        also, the world is not only about Real Estate sellers, we should also think about the welfare of the buyers. you are very selfish you idiot!

    • simonibarra27

      Communist way of thinking! Di kanaman pinipilit

      • Bring back Phils Glory. Unite.

        what does communism and hypocrisy got to do with what i am saying. oy, don’t you discredit me. you have a problem. you should check your logic.

        what i am saying is true. i am not specifically pointing to SMDC only but to real estate in general. in fact, i was looking to buying a unit in SMDC Blue but what i noticed the prices are getting unrealistically high per sq. mtr. when OFWs’ salaries is not that limitless. pricing real estate very high is counterproductive. i did not say, to price it too cheaply but there should be some control. what more to the regular Filipinos.

        but anyway, because SMDC replied so irresponsibly to my post. here is what i noticed in their showroom…they say that those that are movable items are not included in the package. the glasses on the wall are not included…the ceiling the way it was designed is not the same. but their prices are too steep sounding like the items you will see in the showrooms are included. listen to the “buts” of the agent like, the design is like this but…

  • http://pulse.yahoo.com/_3QBMYPCCPWL5IDWF55BTBVWSAE UPLB-2008-3****

    LOL. How many of them are the “end-users”? For sure, mga tunay na investor lang ang majority sa mga yan na ibebenta rin lang yan later on

  • http://pulse.yahoo.com/_AFDQQH2M3OD6ZGBJNJ34UZHIV4 Enrico

    Pangit ang division wall mas maganda pa ang lawanit. Door frame sa cr tuloy tuloy ang pagbuka na parang dinikitan lang ng bubble gum….Monthly dues para sa maintenance sobrang taas…Nagsisisi ako at nakabili ako ng unit, sana dun na lang sa Lancaster mukhang mas maganda dun 

  • http://www.facebook.com/billy.reyes.984 Billy Reyes

    Aside from possibly low quality materials that they used, another big problem here are overcrowding, maintaining the cleanliness of the facility, the building should be regularly painted, there should be a strict law among the Unit Owners about maintaining the building (Ex. Bawal Sampayan sa Balcony, bawal mga antenna sa may balcony etc.,)

    Sa Pilipinas na walang disiplina ang mga tao mahirap mag implement ng rules na ganito pagsabihan mo yong kapitbahay mo magagalit sayo baka patayin ka pa. ha ha ha.

    Kung gusto ninyong mag-invest ng pera nyo na pinaghirapan sa abroad bili nalang kayo ng lupa sa mga magagandang area, tapos kayo na ang magpagawa ng bahay sigurado pa kayo sa kalidad ng mga materyales na ginamit that would last forever

  • http://pulse.yahoo.com/_GUZISWUMVDD5QJUC7GBJKEM7XA prangka

    Sa lahat ng may balak bumili ng condo ng SMDC, make sure makakabili din kayo ng parking kung may car kayo. They don’t provide free parking within their compound.  Ang panget ng corridors nila. Walang pinagkaiba sa mga SM malls. Hindi elaborate ang design. Ang lalaki ng poste.  Pag natapat ang unit mo sa malaking poste ang hirap hanapan ng furniture lalo na ng bed frame dahil kinain ng poste ang floor na isa rin sa binayaran mong square meter. Hindi ko sinisiraan ang SMDC. Tama si Ugly Bunny, huwag makontento sa show room. puntahan niyo ang mga floors. suriin ang mga rooms.  Maganda lang ang lobby, malaki, malawak at naka aircon. May pipe-in music pa. Maganda ang club house at ang pool. But we know pang akit lang yan ng buyers. 

  • http://pulse.yahoo.com/_PZR7JI7G2WD2CTVMZ7LM667FD4 Ugly Bunny


    SMDC Customer Support gives you more headache than it should!

    Sa mga bibili, katokin nyo per tile at yung iba ampaw!

    Wag pumayag na showroom lang ang ipakita dahil MALAKI ang difference sa actual.

  • popeyee

    “Presidential” property developer?

    • intsikbeho

      probably a typo. inquirer has lots of typos

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