The Estate Makati, an ultra high-end residential development of SM Development Corp. and Federal Land Inc. with an average cost of more than P600,000 per square meter, is now 40-percent sold-out on strong demand from domestic buyers.
Federal Land Inc. president Pascual Garcia III said The Estate Makati, envisioned to be the future home of the captains of the industry, was experiencing a positive response from buyers as the eight penthouse units worth roughly P400 million each were sold out ahead of the project’s official launch.
Garcia said the project was attracting a lot of interests from discerning buyers not only because it was the last available plot of land along Ayala Avenue, but also because it would be the first project in the country of award-winning architectural firm Foster + Partners led by renowned British architect Norman Foster.
Set to be the tallest building along Ayala central business district, The Estate Makati will rise 54 floors above ground, housing 188 residential units that have two to four bedrooms each.
The Estate Makati will offer spacious two-bedroom units with a floor area of 151 sqm and priced at P90 million to P95.5 million each. It will also have 144 three-bedroom units ranging from 178 to 224 sqm priced at P112 million to P153 million.
There will be eight penthouse suites consisting of three-bedroom units ranging from 407 to 497 sqm and 4 four-bedroom units ranging from 617 to 764 sqm.