Ayala Land Premier on Thursday said it already sold about 70 percent of its P22-billion “ultra luxury” developments in the Bonifacio Global City (BGC) and Makati Central Business District.
Jose Juan Jugo, Ayala Land Inc. vice president and group head for the Ayala Land Premier, said the company sold about 70 percent each for its projects East Gallery Place Global City in BGC and Two Roxas Triangle in Makati City.
The remaining 30 percent of the projects can be sold in three months to one year, Jugo said in a briefing with reporters.
The company is expecting sales of P10 billion from the East Gallery and about P12 billion from Two Roxas Triangle. Both projects are targeting the higher end of the market, including foreign buyers from the region.
“East Gallery Place is also a residence that builds on the Ayala Land Premier legacy of
delivering products that build value over time. We create residences of the highest quality and design that are valued today and in the generations to come,” Jugo said.
A total of 407 units are being sold in the development, with units ranging from 76 square meters to 648 sq m. It has a 1,400-sq-m, five-bedroom penthouse units from the 48th to 50th floors that have their own lap pools and were sold for P200 million. The company did not disclose the buyer of the unit.
On the average, the company is selling the units in East Gallery at P200,000 per sq m. Classic units on the North Wing of the development are one-bedroom to four-bedroom units offering finishes such as European-grade kitchens, homogenous tiles, maximized natural light, and ventilation and wood flooring from sustainable sources.
The South Wing, on the other hand, only has two units per floor. Meanwhile, the Skysuites are three-bedroom and limited four-bedroom residences at about 200 sq m in size. Elevators open exclusively in the foyers of each residence. Jugo said the units will be turned over by 2019, but the groundbreaking was already done.
The Two Roxas Triangle, meanwhile, offers 182 units and will be turned over in the first quarter of 2019, Jugo said.
“Similar to One Roxas Triangle, Two Roxas Triangle has only three-bedroom and four-bedroom units starting from 302 sq m. The biggest cuts are the 550-sq-m penthouse units with four bedrooms, a living area, dining area, a walk-in closet, gourmet kitchen and bathrooms,” Jugo said.
The first tower, One Roxas Triangle, was launched in October 1996 with units priced at P28 million to P39 million.
The Roxas Triangle Towers is a development by Roxas Land Corp.,a joint venture that is 50- percent owned by Ayala Land, 40 percent by Hong Kong Land and 10 percent by the Bank of the Philippine Islands.