SMDC’s Ice Tower takes the lead in Residential-Office development
Written by Amy R. Remo
RESO, coined from the terms residential and office, is the latest innovation from SM Development Corp. (SMDC), which is set to integrate the multiple benefits of having both your home and workspace in its upcoming project called Ice Tower. This exceptional concept is poised to help enable, empower and raise the competitiveness not only of the established enterprises but also of those looking to start their entrepreneurial journey.
Own your own office
This 17-story tower, which is set to rise on Sunrise Drive corner Edsa Extension within the Mall of Asia Complex, presents an affordable, smart and practical option for those needing a small office or a business address in the metro—whether you’re one dreaming to launch your own business, scale up the enterprise you have established during the pandemic, or you’re already among the more established micro, small and medium sized enterprises (MSMEs).
At the same time, SMDC’s Ice Tower offers the added benefit of a highly strategic location, ease of doing business and a conducive climate, owing to the availability of facilities and services within the development.
Having your office within your home will further cut a significant part of your operating expenses which include leases as well as office equipment, supplies and other facilities. At present, office leases in Makati and Pasay can set you back by P50,000 a month or P600,000 a year at the minimum, while purchasing simple office equipment can cost you hundreds of thousands of pesos.
This and the fact that you would be in a community that encourages entrepreneurship would surely be enough to inspire particularly those still mulling to set up their own business.
RESO units at Ice Tower RESO are all efficiently planned and well designed as well, to ensure that spaces are maximized without sacrificing one’s comfort. These are all designed to have natural lighting and ventilation, ample electrical sockets, 100 percent back up power and provision for fiber optic internet connection.
If you need bigger spaces for meetings or discussions, the amenities and business facilities here can readily cater to the needs of every start-up business or established enterprise.
Although the RESO units are practical in size, ranging from 18.6 sqm to 36 sqm (studio, one-bedroom and two-bedroom), you may use the training room, virtual rooms, ideation room and function hall with pantry—similar to what you can find in the traditional office setting. Also available on demand (or on a pay-as-you-use scheme) key business services that include secretarial, messengerial, virtual assistants and even use of office machines.
On the ground floor is an integrated commercial hub that will house an array of concessionaires catering to both your personal and business needs.
But one of the biggest draws of locating at SMDC’s Ice Tower RESO is its strategic location—that is, within the Mall of Asia Complex, a thriving, fully integrated, highly progressive community in Pasay City. What makes this transit-oriented complex highly accessible to other central business districts in the metro and the Ninoy Aquino International Airport (NAIA) are the existing major thoroughfares and infrastructure that connect MOA to the rest of the capital region.
Although Ice Tower is proving to be a highly conducive location for your business venture, it is also mindful of its residents’ well-being.
Rightfully, SMDC’s Ice Tower RESO promotes work-life balance as it also incorporates a Social Hub where you get to enjoy and unwind at the central pool, the pavilions and terrace deck, while the Fitness Hub gets you back on track with your fitness goals as it has a cardio area, weight machine area, free weights area, as well as stretching and yoga areas.
Appreciating capital investment
Even investors will benefit from this fresh concept from SMDC.
Apart from expected capital gains, you can earn additional income by leasing it out to local enterprises. Data from Cushman & Wakefield showed that gross rental yield in the investment-grade office market in the Philippines stood at 6.7 percent as of the fourth quarter of 2020.
One can never go wrong with SMDC which is, after all, the largest and fastest growing real estate company in the country today. And one need only to look at its footprint in the MOA Complex to see how its existing developments are currently flourishing, enjoying capital gains since their launch.
No doubt that the Ice Tower isn’t going to be just another landmark project from SMDC. It will more importantly spur entrepreneurship in the country.
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