Manila (Philippine
Daily Inquirer/ANN) - Two sons of American tycoon Donald Trump flew in from
New York yesterday for the groundbreaking of Trump Tower
Manila, a luxury tower to be developed by Century Properties Group and the
first of what is hinted to be a series of property projects involving the Trump
brand in the Philippines .
This will not be our last project in the
Philippines . We’re looking
forward to rolling out a couple of things," Donald Trump Jr. said in a
press briefing. He hinted that talks have started with the Antonio family-led
Century group for follow-up projects.
Trump
Tower Manila
is a US$150-million, 56-storey residential development project of Century with
the brand name and mark under license from the Trump. It will rise in
Century City ,
the Century group’s 3.4-hectare flagship development along
Kalayaan Avenue in
Makati City
in Metro Manila.
Century founder and chairman Jose Antonio said this
project was very relevant in assisting the positioning of greater Metro Manila
as a ¿cosmopolitan¿ city. He noted that cosmopolitan cities elsewhere in the
region like Hong Kong, Shanghai and
Singapore
had captured a lot of investments and having a quality development and a strong
brand should groom Metro Manila into a better position.
Quality will always be remembered long after the price
has been forgotten," he said.
The residential units in Trump Tower Manila is selling
at an average 200,000 pesos ($4,700) a square metre. Based on the size range of
between 57 and 400 square metres, the smallest unit is priced at 11.4 million
pesos (269,000) and the biggest at 80 million pesos ($1.8 million). The units
will be turned over to buyers by 2016.
Robbie Antonio, Century managing director, said 70 per
cent of the 222-unit residential development had already been sold since the
project was launched in September 2011.
The fact that a Trump-branded development is rising in
the Philippines
is a testament to the increased confidence of the international sector in our
country’s potential to become a world-class destination. As a standard
bearer of excellence in residential living, Trump Tower Manila also positions
the Philippines
as the ideal place of residence for global citizens," the younger Antonio
said.
We are overwhelmed with the tremendous success of this
project in such a short time. Trump Tower Manila has already received accolades
even prior to breaking ground, which is an incredible accomplishment further
showcasing the strength of the local market and its increasing demand in the
ownership of luxury real estate," Eric Trump said.
He added that the design of Trump Tower Manila was
such that the Trumps wanted to have the best building not only in the
Philippines but in Asia
and the world."
COPYRIGHT: ASIA NEWS
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