The local real estate industry is keeping its fingers when it comes to the property business as more skyscrapers are poised to transform the Philippine capital’s skyline, real estate listings website Lamudi Philippines recently said.
One of the most awaited buildings is Century City’s Trump Tower Manila. Rising 250 meters in one of Makati’s up-and-coming business districts, Trump Tower Manila will stand as the fifth tallest tower in Metro Manila once it is completed later in 2017.
Property giant Megaworld Corporation will likewise join the fray through its roster of residential towers scheduled for turnover this 2017. Three Central and Paseo Heights both in Salcedo Village, Makati, are scheduled for completion this year.
Commercial, corporate hubs
Megaworld will also finish two developments in Bonifacio Global City. Uptown Ritz Residence in Uptown Bonifacio and The Florence at McKinley Hill will soon stand out in the cityscape of Taguig. Uptown Bonifacio, one of Megaworld’s mixed-use townships in Taguig, also features commercial areas and corporate hubs. And at the center of it will rise the 45 floors Uptown Ritz, a high-end condominium that offer residential suites ranging from two to four bedrooms and will only have a maximum of 10 units per floor.
The Florence is McKinley Hill’s first gated community. It has three towers ranging from 22 to 28 stories and considered as the most private among other residential developments to rise in the Taguig township.
Not one but four residential projects are scheduled to be turned over this year by SMDC: Breeze Residences in Roxas Boulevard and Shore Residences at the Mall of Asia Complex both in Pasay, Grace Residences in Taguig, and Fern Residences in Quezon City are all expected to rise before the year ends. The four developments are located in key areas in Metro Manila.
Real estate landmarks
Ayala Land subsidiaries Alveo Land and Avida Land will likewise deliver real estate landmarks this year. Alveo Land’s Kroma Tower and Avida Land’s Avida Towers Asten will both rise in major areas in Makati. Rising 46 stories along Dela Rosa Street, Kroma Tower is just a few steps away from key establishments, such as the Makati Medical Center and the Ayala Triangle, and it is directly integrated into the elevated pedestrian walkway network of the Makati CBD.
Avida Towers Asten in Barangay San Antonio will feature three high-rise buildings and its first building will greet the skyline before 2017 ends. The residential edifice will offer studio, one-bedroom, and two-bedroom apartments perfect for families working and studying around the Makati CBD.
Located at the heart of Sta. Cruz, Manila, Alveo’s Celadon Park will complete its neighborhood of three towers this year, while Avida Towers Vita in Quezon City, will be one of the first structures to rise in the vast mixed-used complex Vertis North, which is right next to TriNoma.
The Federal Land Tower, a 66-story tower in Federal Land’s Grand Central Park in northern Bonifacio Global City, is also scheduled to be completed before the year closes. The skyscraper will house the Grand Hyatt Hotel on its first 25 floors, while the succeeding floors will be devoted to high-end residential and commercial use.
The Proscenium at Rockwell Center, Makati, will add more \structures to Makati’s dynamic skyline through the Kirov and Sakura Towers, both of which are expected to be completed this 2017.