Ortigas Land Corp., a private real estate developer controlled by Ayala Land Inc. and SM Prime Holdings Inc., expects to generate P8 billion in sales from the newly-launched condominium project in the Ortigas central business district.
Ortigas Land assistant vice-president and residential business unit head Jenna Belardo said the 52-story Olin at Jade Drive offers 1,245 units priced between P6 million and P10 million each. Unit sizes range from 19 to 25 square meters for studio and 32 to 36 sq. m. for a one-bedroom unit.
The project, launched in April, was 54-percent sold out, while 671 units worth P5.5 billion were also reserved.
Olin at Jade Drive is located along Exchange Drive in Pasig and is right across the Tektite Towers.
“The demand for property, despite market and economic changes, will likely be sustained due to finite land resources. Whether it will be used for personal purposes or as an income source, real estate is a worthwhile investment because housing will always remain a necessity,” OLC said. Jennifer Austria