Ortigas Land, formerly called Ortigas & Company, plans to raise P16 billion in revenues from a soon-to-be-launched high-end residential tower within the Ortigas Business District.
Ortigas Land assistant vice president and head of project and business development Jenna Belardo said in a press briefing the company would launch on February 29 the 51-story tower called Residences at the Galleon.
Belardo said Residences at the Galleon would offer 509 residential units with sizes ranging from one-bedroom, two-bedroom and penthouse units and 64 square meters to 411 sq. m.
The average price of one- and two-bedroom units ranges from P24 million to P46 million, while penthouse units cost between P102 million and P162 million.
“The tower offers professional and families with an intimate experience by providing an optimal peaceful and uncrowded living environment with each floor housing only 12 units,” Belardo said.
The luxury development also offers smart home features for residents in addition to state-of-the art building management system and amenities that include a mini-theater room, game room, swimming pool, gym, and a sauna room.
Located along ADB Avenue and strategically located within the heart of Ortigas Center, the project offers convenience and accessibility to residences with its close proximity to EDSA and Ortigas Avenue.
The project is scheduled for completion in the fourth quarter of 2028
The project is part of the second phase of The Galleon, the only mixed-use development in Ortigas Business District with office residential and retail components. The first phase involved a high-end office for sale development that generated strong demand from buyers. It registered sales of P8.8 billion during the first day of launch.
Meanwhile, Ortigas Land is also set to launch three more residential projects this year. These projects are within the company’s mixed-use estate developments, namely Cirkulo Verde in Quezon City and Capital Commons in Mandaluyong City.
Ortigas Land, in partnership with Ayala Land Inc. and SM Prime Holdings Inc., is one the leading private real estate developers in the Ortigas CBD. Ortigas & Co. to date has about 40 hectares of undeveloped land within four estate developments.