THE CAPITAL Towers features a porte cochere which would guarantee privacy as people from street level would not see the tenants.
Finding that dream house and lot in Metro Manila has become more like a scavenger hunt, lately.
The country’s center of economic activities, after all, already houses about 12-million people within a land area of only 619.5 square kilometer, according to government data. That’s about 18,650 people in one sq km area alone.
And with that big a population, it would not be surprising to know that “raw land and even house and lots (are) getting less available and more expensive in Metro Manila,” as noted by Dennis Lim, senior vice president for sales and marketing at Federal Land Inc.
Lim, in an exclusive interview with Inquirer Property, explained that the difficulty in finding available and suitable lots were among the drivers for the growth of the vertical property segment, which included condominiums.
Ideal option
“The local market has realized that condo living is an ideal option amid the aggressive times of fast-paced metropolitan living… Buyers have recognized that the way to go is vertical, which is definitely more cost-effective and practical,” Lim explained.
But with the growing number of vertical developments sprouting left and right, Lim advised buyers to be more discerning and to note certain factors when scouting for a condo unit such as location, payment terms, amenities and developer.
One such smart investment, he noted, was Federal Land’s Beijing Tower, the second high-rise structure of the prestigious The Capital Towers.
Strategically located on E. Rodriguez Sr. Avenue in Quezon City, The Capital Towers is composed of three buildings named as Athens, Beijing and Rio. With the Athens Tower already sold out and ready for turnover, Federal Land is moving forward the second structure, the 35-story Beijing.
Flexibility
FEDERAL Land’s The Capital Towers is built for the informed investor.
“The Capital Towers (TCT), particularly the Beijing Tower, caters to a wide market range since it primarily offers flexibility. That is translated to offering additional space if required whether by a young and start-up couple to a bigger dwelling place accustomed to by a relatively huge and mature family,” Lim explained.
The Federal Land official also noted that experienced investors, as well as the young executives or professionals who need the access to the business district of Quezon City, have an option to buy from the smaller unit types available.
“And to cater to a larger QC market, TCT introduces its my HOBS units (Home pads, Office pads, Biz pads and Shop pads) that allow owners to merge home and business in one location. These my HOBS units are very unique as it is the first ‘home, office, business and shopping space’ all merged in one building,” Lim added.
The Beijing Tower will house 25-sq-m studio; 35-sq-m to 44-sq-m one-bedroom; and 50-sq-m to 58-sq-m two-bedroom units, the prices of which would range from as low as P2 million to as high as P5 million. The company expects to start turning over these units, a significant number of which have been presold, by 2013.
5 points to ponder on
And if you’re still unsure of getting a unit at The Capital Towers, Federal Land offers buyers five points to ponder on, as to why its vertical structures should be “top of mind” when it comes to condo choices.
1 Prestige. The pride of ownership comes from having a condo unit right at the heart of Quezon City’s premiere area, according to Federal Land. The Capital Towers is fast redefining modern living allowing occupants to have a lifestyle at par with the high-end residents of New Manila.
2 Developer expertise. The Capital Towers is a joint development project of Federal Land and Metrobank. Federal Land, with 50 completed structures in its portfolio, has been developing and managing quality residential and commercial properties for nearly 38 years.
3 Prime location. The project is located at the quieter side of Quezon City but still within an arm’s reach of the city’s major business, commercial, educational and recreational hubs. It is near ABS-CBN, GMA, educational institutions like St. Paul and Trinity College, and hospitals such as St. Luke’s, Delos Santos, Children’s Hospital and Capitol Med. Any form of transportation is available 24/7.
4 Definitive design. The Capital Towers’ modern design and upscale ambiance was conceptualized by Singapore-based architectural firm Ong & Ong Architects. Units are functional and stylish given the efficient space planning features in all units, as well as glass floor-to-ceiling windows which invite natural light and ventilation that are not common to all condominium developments.
5 First-class amenities. Besides its cosmopolitan amenities—a well-equipped fitness center, leisure and recreational facilities—the Beijing Tower will house on the podium level a daycare center, a business center and a multipurpose hall which again will add to the property’s value. Security systems are in place along with modern-day conveniences one may only find in first-class hotels.