High-end property developer Shang Properties Inc. (SPI) on Tuesday unveiled plans to build the country’s tallest residential condominium called Shang Summit in South Triangle, Quezon City which would generate P50 billion in sales.
SPI executive vice president for commercial Maria Rochelle Diaz said during the project launch the two-tower Shang Summit, which would offer nearly 2,000 residential units, would also be the company’s largest development.
Diaz said the first tower would offer 1,020 units of studio, one-bedroom, two-bedroom, three-bedroom and penthouse units selling from P10.4 million to P182 million, while the second tower would have 900 units.
She said the project received positive response from buyers and investors, with inquiries coming ahead of the official launch.
Diaz said Quezon City is rife for this development as buyers of SPI’s previous projects were mostly from Quezon City.
“If you look at it, it’s very competitive versus what the market has been offering in Quezon City given the fact that this is a luxurious development with all of the amenities. So, we think that this is the right price and a good value for money,” Diaz said
Units will be ready for turnover to buyers by 2030.
Diaz said the company chose Quezon City for its next project, given its rapid development of the city and the strong demand for residential projects in the area.
Shang Summit is designed by renowned architectural firm P&T Group and interior design leader FM Architettura.
Shang Summit offers a comprehensive range of luxury amenities, including a tropical swimming pool, state-of-the-art fitness center, wellness facilities, co-working lounges and extensive play areas for children.
The Summit Lounge and Summit Gallery provide elegant spaces for residents to relax and entertain, while The Alcove offers quiet spaces for work or study.
Diaz said the company was also looking to acquire more land across the country for future developments.
SPI recently launched its first residential development in Cebu called Shang Bauhinia Residences.
