Student residents’ needs are top priority in Torre Lorenzo’s premium university residences.
There are certain factors that attract investors to a particular property.
Some are on the lookout for safe and secure spaces to live in, while some are drawn to a development’s location and accessibility. Some are drawn to dependable property management or first-class amenities, while others are looking for investment vehicles to add to their portfolios that can bring in recurring income.
This particular property developer offers all of these—and maybe even more.
Putting value on high standards of safety, security, service, and hygiene has proven valuable for property developer Torre Lorenzo Development Corp.
“These translate to high property value appreciation and good rental yields for our properties,” said Noel Rapadas, chief finance officer of Torre Lorenzo.
“Our completed projects have experienced value appreciation of between 30 to 50 percent from pre-selling to turnover and another 25 to 40 percent from turnover up to a five-year period,” he said.
Torre Lorenzo boasts of excellent property management practices which ensure that all its projects retain a fresh look and feel, long after these have been completed and turned over.
Aside from seeing to it that its buildings are well-maintained, the TLDC Property Management team also takes care of unit leasing and maintenance for its investors and homeowners. All investors have to do is snap up a suite or two and hand it over to the TLDC Property Management for renting and upkeep.
Added Rapadas: “Our policy to retain at least 10 percent of saleable inventory for rental income gives us the motivation to maintain these assets to the highest standards.”
The pioneer in premium student high-rises has well-trained property maintenance managers who are particularly hands-on in conducting regular checks to preserve the quality of TLDC’s units and the overall property. “This keeps our properties in tip-top shape and helps ensure that the value grows over time,” said Rapadas.
Another reason that makes TLDC’s premium university residences a worthy investment is that all its developments are built in strategic, convenient locations, which are within walking distance of universities and schools and other key establishments such as malls, restaurants, shops and hospitals.
To date, the property developer’s growing portfolio includes Torre Lorenzo 1, 2Torre Lorenzo and 3Torre Lorenzo in the area of De La Salle University and DLS-College of Saint Benilde; Torre Lorenzo Malate, which is near University of the Philippines Manila and St. Paul University Manila as well as medical centers including Philippine General Hospital, Manila Doctors Hospital and Medical Center Manila; and Torre Central which is a stone’s throw from University of Santo Tomas.
A sixth premium university residence will soon rise in Quezon City, near Ateneo de Manila University and Miriam College in the Katipunan area.
Prioritizing the safety and security of their tenants is another key factor that makes TLDC residences a reputable choice. Its state-of-the-art security system offers a radio-frequency identification (RFID) for every resident.
“Whenever a student-resident taps the RFID card at the main lobby entrance, a text message will be sent to the parents informing them of their child’s arrival at the property,” Rapadas explained. This was meant to assure both the students and their parents that the former are in safe hands in a Torre Lorenzo university residence.
Rapadas is confident that TLDC remains “the gold standard in premium university residences”, which can be attributed to the developer’s intimate knowledge of its market.
Being in touch with its market further helps TLDC live up up to its promise of being a sound investment, especially for parents who want a conducive and safe home away from home for their college kids.
“We continue to listen to our market, we remain watchful of trends to anticipate new needs, and we constantly adopt new features that will entice our buyers. We strive to exceed expectations by incorporating our learnings from all our developments as we keep an eye on competition to be constantly ahead. This enables us to learn and innovate from project to project, keeping our building features and amenities current and even more relevant to the market,” Rapadas explained.
Over the years, TLDC has created an upgraded standard of living especially for university students, providing the latter with living spaces that are conducive to learning.
Units at TLDC’s premium student high-rises are each outfitted with a modern kitchen and private bathroom. Amenities complement a student’s needs: Wi-Fi-enabled study lounges, meeting and discussion rooms, sound-proof study rooms and recreational facilities such as gyms, swimming pools and visitors lounges.
“We embody this principle called ‘Student First’ as we always put our students’ needs at the forefront of all amenities and services we create,” Rapadas concluded.