ALI unveils newest upscale condo project

Property giant Ayala Land Inc. has unveiled a 49-story upscale condominium project in Bonifacio Global City, its most luxurious residential project to date, creating P11.5 billion worth of fresh property inventories.

The new high-end residence, called West Gallery Place, is a “sibling” tower to another upscale apartment, East Gallery, which was likewise launched under luxury brand Ayala Land Premier (ALP) in 2013. The new condo provides a second opportunity for those keen on acquiring residence on the High Street South Block, touted as BGC’s cultural block for boutiques, restaurants and creative office space.

Residential space in this luxury tower is selling at an average of P234,000 per square meter (sqm), higher compared to East Gallery’s starting selling price of P200,000 two years ago.

In a press briefing, top ALP officials noted that with East Gallery having sold 84 percent or P9.3 billion of the inventory, it was a good time to launch the “sibling” tower.

The new tower features 420 units, ranging in size from as small as a 52-sqm, one-bedroom space to a 701-sqm, four-level villa like a townhouse unit that has a pool and a private elevator.

The tower also includes one special unit on the topmost floor called Skyrise 49, an expansive 832-sqm unit with four-meter-high ceilings in the living and dining areas, a pool and an outdoor deck. Including the outdoor area, this unit has a footprint of close to 1,400 sqm.

Skyrise 49, although priced at an astonishing P234 million, was among the first units purchased since ALP started pre-selling a month ago. The villa units had likewise been sold out.