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Grass Residences 97% sold–SMDC


MANILA, Philippines–SM Development Corp. has reported a 97-percent take-up of residential units under its Grass Residences project in Quezon City alongside the rise of property values in the 6,000-unit project.

In a press statement on Monday, the Henry Sy-led property firm reported that from an average selling price at launch of P50,000 per square meter for Grass Residences in 2007, the value per square meter now ranges between P90,000 and P115,000.

The 97-percent sales take-up was reported by SMDC as of end-October this year.

A three-tower development, with each tower standing 38 stories high, Grass Residences sits on a 3.6-hectare property on Nueva Vizcaya St., Quezon City located next to SM City North EDSA.

After its launch in 2007, Tower One of Grass Residences has been completed while Towers 2 and 3 are currently under construction and are slated for completion in 2013 and 2014.

The amenities of Grass Residences include a clubhouse, two multipurpose function rooms, one Olympic-size pool, an adult pool, two kiddie pools, and Wi-Fi-enabled common areas. The project also features jogging trails, six badminton courts, a basketball court, as well as landscaped gardens and courtyards.

Although a new player in the residential property market, SMDC has grown rapidly in the last few years by bringing to the property market affordable residential units in prime locations. Its products cater to mid-range home buyers.

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Tags: Business , News , property , smdc

  • dodong1

    these condos are overrated and over priced…

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

    Maganda lang lobby ng mga gusali(pampaakit ng potential buyers). Pero pag nasa hallway ka na ng condo, halos lahat ng bulbs  busted. Walang balak palitan. Imagine yung haba ng hallway dalawang bulbs lang ang gumagana. the rest( mga sampu ata busted). Concern lang sila sa paniningil ng dues. Kung kukunin mo ang meralco bill hindi mo siya makukuha sa reception kundi doon sa office para sabay babayaran mo ang association/water dues. May free parking sila sa labas ng condo(within the compound) Pero di mo basta basta magagamit. Palakasan ata. Wala ka naman mabasang policy sa bulletin nila kung sino at paano gagamitin ang free parking. Eto ang reklamo ng lolo ko ng minsan ay biniro namin na pasyal kami sa bago niyang condo sa grass residence.

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

    In my experience, their customer service is not that good, full of delays. And you really have to check tile by tile if it’s ‘ampaw’ or not.

  • WeAry_Bat

    It should have such amenities…People may no longer go out easily because of the traffic acting like a cordon.

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