Property developer Megaworld Corp. is expecting about P2 billion in sales for a new residential condominium in Makati City, called Salcedo Skysuites in Makati City.
Megaworld said the 31-story project, which will be turned over in 2018, would be located along H.V. dela Costa St. in Salcedo Village, Makati City.
The move is part of plans to build at least three more residential condominium towers in Makati’s Central Business District (CBD) in the next two years, Eugene Lozano, vice president of sales and marketing for Makati CBD, said during a briefing Tuesday.
He said the company was planning to increase its portfolio of property developments in the country’s premier financial hub to more than 30 towers by 2016.
“Makati CBD is still the premium address in Metro Manila for both office and residential spaces. Makati will always be Makati and there will never be another Makati,” Lozano said.
“We hope to sell out Salcedo Skysuites in less than six months. We are optimistic that with Makati CBD’s prime location and the high resale and rental values of property developments in the area, people will still consider Makati CBD as their top priority location for property investments,” says Lozano
The project also follows the launch of two residential towers last year—the 30-story Paseo Heights in Salcedo Village and the 31-story Greenbelt Hamilton in Legazpi Village.
“Salcedo Skysuites is set to change the way people live the life at the top. We are offering our future residents the best amenities that any highly mobile individual needs at the end of the day. Here, one can relax and unwind overlooking the bustling metropolis,” said Lozano.
There will only be 11 units per floor, with most units designed with their own balconies and garden patios. All units with at least one-bedroom layouts even have their own utility and maid’s rooms.
“We are going beyond the basics in condominium living. What we will be offering in Salcedo Skysuites is something that any busy Makati executive and professional will appreciate,” Lozano noted.
Last year, Paseo Heights and Greenbelt Hamilton have been sold out in less than 12 months.