THE continuous development of cities is arguably the main reason why today’s denizens opt to live in urban areas. More than the ease and convenience of its environs, the residential developments available are designed to answer their needs and complement their lifestyles.
Metro Manila has witnessed this trend, as per the result of the United Land Institute’s survey and the report presented by the Emerging Trends in Real Estate Pacific 2013. The city’s ranking as a real-estate investment and development destination has immensely improved, given that the increase of business offices and lifestyle destinations paved the way for more opportunities—bringing positive changes in Manila’s real-estate sector.
SM Development Corp. (SMDC), one of the biggest real-estate developments in the country, experienced this shift, as evidenced by the 80-percent sales take-up of its iconic property on Taft Avenue, Manila, Green Residences. Launched early last year, the high-rise development’s sales performance remained progressive, where 65 percent of its recorded buyers are from abroad—mostly from Europe, the Middle East and Singapore, while the rest are local investors.
“Our foreign and local investors want to rent out their units. For parents who purchased units for their children, they expressed they want their children to use the place, as Green Residences will rise near schools and provide ease of transport to various parts of Metro Manila,” shared Grace Manankil-Sta. Ana, project director for SMDC Green Residences.
Sta. Ana added that condominiums built by developers, however compact they seem, seamlessly integrate functionality with comfort. With thoughtfully designed plans, units can become comfortable living spaces, hence, there are SMDC Green Residences buyers who bought units as their first home. “They recognized the fast-paced environment brought by an urban setting, which is why they need well-planned developments that offer answers to their lifestyle needs.”
The tallest along an eventful avenue, the 50-story Green Residences offers studio units, one-bedroom units and one-bedroom unit suites. Areas for retail and commercial spots, as well as amenities like swimming pool, gym and game room, and a social space dubbed as the Sky Lounge will also be included in its blueprint. Green Residences also promises to show its residents a different perspective of the city, as its higher floors will capture the unprecedented views of Makati’s landscape and the picturesque Manila Bay sunset scene.
As for its location, the area is dotted by various commercial and institutional developments, and is in close proximity to areas that present a wide array of lifestyle destinations. Hence, Green Residences is set to rise in a dynamic address complementing the lifestyle of its future residents—be it for students, go-getting denizens, and thriving individuals who want to live at the center of convenience Manila presents.
“We’re expecting the entire development to be sold out soon, as units will be turned over by 2016,” said Sta. Ana.
In Photo: SM Development Corp. (SMDC), one of the biggest real-estate developments in the country.
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