http://img163.imageshack.us/img163/4199/grassperspectiveof2.jpg

http://img163.imageshack.us/img163/4637/grassamenitiesoo2.jpg

http://img163.imageshack.us/img163/2092/grassclubhousetg5.jpg
(proposed clubhouse)

The Grass Residences, just a few steps to SM City North Edsa.
Three (3) Towers with 38-storey residentail condominium in a 3.6 Hectare land. Offers 1-2-3 bedroom units with 1-2-3 toilet and baths.

Proposed Amenities:
• Kiddie swimming pool
• Resort-type swimming pool
• Playground/Kids' Club with Tent
• Courtyards and Gardens
• Law and Activity Areas
• Flora and Fauna
• Tensile Pavilions and Cabanas
• Entrance Feature Planters
• Main Drop-off Area
• Water Cascades
• Sculpture Displays
• Rotunda
• Parking Area
• Clubhouse
• Multi-purpose Halll
• Function Room
• Fitness Suite, Exercise Hall
• Lounge, Relaxation Terrace
• Gymnasium
• Basketball Court
• Four (4) Badminton Courts

nice.

i suppose theres a couple of more towers to rise like it says on the renders

What's with the name!?? :nuts: Anyway, who is the developer of this project again?

^^ Is the Grass Residence different from the Northpointe Residence of SM? They are both located in the same area. Based on the rendering, there seems to be other towers in the pipeline and Northpointe may be one of those high rises.

What's with the name!?? :nuts: Anyway, who is the developer of this project again?

I think I saw the ads in the papers last week. Its one of Henry Sy's (SM) projects

What's with the name!?? :nuts: Anyway, who is the developer of this project again?

Looks like it's SM Development Corp.
Yeah, I agree. What's with the name? I can understand Northpointe, Mezza...but Grass?!?
Next thing you know they'll be naming the next development The Weed Residences, to attract the former hippies. :lol:

Seriously, anyone know where this would be? It said adjacent to SM North.


SMDC earmarks P2B for 2007 projects (http://www.sminvestments.com/News.php?BlurbID=461)
By Honey Madrilejos-Reyes, 2 Apr 2007
Source: Business Mirror

SM Development Corp. (SMDC), the property development arm of SM Investments Corp. (SMIC), is spending P2 billion this year, which would fund three new residential projects in Alabang and Quezon City. SMDC president and chief operating officer Rogelio Cabunag said the new projects are Lindenwood Residences in Susana Heights, Berkeley Residences on Katipunan Avenue and Grass Residences in North Edsa, Quezon City.

Lindenwood is a residential subdivision patterned after American residential housing development. Launched last week, Lindenwood is a 2-hectare development with 390 lots.

Prices of the Lindenwod lots range from P3.5 million to P7 million. “Construction for Lindenwood already started and our clients can start building their homes in the first quarter of 2008,” said Cabunag.

SMDC is also launching the 30-story Berkeley condominium along Katipunan Avenue to cater to students, academic professionals and families with school children. Sizes of Berkely units range from 19 to 80 square meters.

The Grass Residences, another condominium project adjacent to SM City North Edsa, is a three-tower project that SMDC has packaged as one of the most convenient and accessible properties for the mobile professional.

Unit at Berkeley and Grass would cost between P1 million and P3 million. “SMDC is now in a better position to assume a more assertive stance in the real property sector,” Cabunag said.

“Our milestones in 2006 have given us plenty of opportunities to boost our resources and strategies in building more residential projects near the SM Supermalls.”

Listed on the Philippine Stock Exchange, SMDC is 48.5-percent owned by SMIC, the holding company controlled by the country’s wealthiest man Henry Sy Sr. Last year, its net income grew 51 percent to P984 million from P652 million in 2005 on the back of higher revenues, which amounted to P1.4 billion.

The sales upswing was attributed to the increase in demand for its residential properties, namely, Chateau Elysee and Mezza Residences.

^^ maybe it's supposed to be The GRASSE but someone goofed on the spelling :lol: sounds more frenchie... makes sense considering chateau elysee

"Grass Residences, Living High."

hehehe lol

^^ :lol:

one more time, with feelings

Little boxes on the hillside,
Little boxes made of ticky-tacky,
Little boxes, little boxes,
Little boxes, all the same.
There's a green one and a pink one
And a blue one and a yellow one
And they're all made out of ticky-tacky
And they all look just the same.


And the people in the houses
All go to the university,
And they all get put in boxes,
Little boxes, all the same.
And there's doctors and there's lawyers
And business executives,
And they're all made out of ticky-tacky
And they all look just the same.

And they all play on the golf-course,
And drink their Martini dry,
And they all have pretty children,
And the children go to school.
And the children go to summer camp
And then to the university,
And they all get put in boxes
And they all come out the same.

And the boys go into business,
And marry, and raise a family,
And they all get put in boxes,
Little boxes, all the same.
There's a green one and a pink one
And a blue one and a yellow one
And they're all made out of ticky-tacky
And they all look just the same.

ey man this project is so kewl:drunk:

Sinong nakakita na d2 nung higanteng billlbord na may renderering ng SM North edsa na nakalagay sa harap ng sm annex? Wala lang mukha kasi shang modern na megamall. Tsaka ung bagong annex building ang ganda...

really tall grass :D

SM North makeover to cost P2-3BBy Ruby Anne M. Rubio, 10 Apr 2007
Source: BusinessWorld

SM Investments Corp. Chief Financial Officer Jose T. Sio recalls how people reacted negatively when mall tycoon Henry Sy set up SM City North EDSA in Quezon City back in 1985.

"Dati, ang sabi nila malulugi si Mr. Sy dahil walang tao (They said then that Mr. Sy would lose money because there would be no people). But he saw the potential. It is the culture of Filipinos to shop," Mr. Sio told BusinessWorld.

Over 20 years later and having proven the supermall concept, SM City North EDSA is again getting a makeover, after just having been expanded with the opening of a new building, The Block, last year.

The latest renovation, SM officials said, will cost the company some P2-3 billion. Part of the reason, the officials admitted, is increased competition, with Ayala Land, Inc.’s (ALI) Triangle North of Manila (TriNoMa), located just a stone’s throw away, scheduled to open this quarter.

ALI, in its 2006 annual report, claimed "TriNoMa will be the pride of Quezon City ... TriNoMa alone will increase ALI’s total shopping center gross leasable area by 26% when it opens in the second quarter." TriNoMa already has an edge, being located right next to the last stop of the Metrorail Transit on EDSA, which assures it of first crack at commuter traffic. SM City, in contrast, has to make do with passengers alighting from its bus stop a kilometer down the road.

But officials of SM Prime Holdings, Inc., the country’s largest shopping mall developer and operator, said they remain bullish on SM City’s prospects, which described as the company’s busiest mall. Average daily foot traffic was pegged at 315,000, or 15% of the tally for all SM malls.

SM Prime Executive Vice-President Jeffrey C. Lim said TriNoMa "should complement our mall and should increase foot traffic in the area. That will be beneficial to both malls. Thus, we are not projecting our revenues to be significantly affected." "Over the past 20 years since SM North Edsa was opened, we have continuously expanded and redeveloped/renovated the mall ... We are fully committed to the development of SM North Edsa as this is one of our busiest and most successfull malls," he added.

Fellow Executive Vice-President Henry T. Sy, Jr. said SM Prime will likely spend at least P2 billion to P3 billion for the renovation of The Annex. "Competition is good; it will make people aspire for better malls and some improvement. We will make The Annex bigger. Business is business," he said.

SM Prime began the redevelopment of The Annex building this year, although the design and details are still being finalized. Meanwhile, a three-tower high-rise condominium called the Grass Residences will also be developed in the area by SM Development Corp. "We remained bullish about the prospects in the area as evidenced by the continuous expansion and development of the residential component by SM Development," Mr. Lim said.

"SM North Edsa is right in the middle of one of the most densely populated cities in Metro Manila and a gateway to traffic from North Metro Manila and Northern Luzon. However, there are no plans for office buildings at this time." SM Investments Vice-President for investor relations Corazon P. Guidote, meanwhile, said "[the elder] Mr. Sy’s vision has unfolded. The vision was done in the ’80s. Now, we see already high density in the area."

SM North EDSA is currently the second largest SM mall, with a gross floor area of 351,824 square meters and a leasable area of 185,799 square meters. Ruling the roost is the SM Mall of Asia in Pasay City, which has a gross floor area of 386,224 square meters and a leasable area of 142,146 square meters. In third, meanwhile, is the SM Megamall in Mandaluyong City which has a gross floor area of 331,679 square meters and a leasable area of 184,411 square meters.

All three have been described as being linked by the metropolis’ main thouroughfare, Epifanio de los Santos Avenue.

http://i5.photobucket.com/albums/y195/aaron_ofngol/SMDC_Grass.jpg

Apparently this is not the project behind SM City. I read in Bworld, that it's in front.

Apparently this is not the project behind SM City. I read in Bworld, that it's in front.

A map of the area would help. Let me try to look for one.

Sorry for the quality.

Location Map:

http://i57.photobucket.com/albums/g227/tcc_0888/SM/GrassLocationMap.jpg


Typical Unit Plan:

1BR

http://i57.photobucket.com/albums/g227/tcc_0888/SM/Grass1BR.jpg

2BR

http://i57.photobucket.com/albums/g227/tcc_0888/SM/Grass2BR.jpg

3BR

http://i57.photobucket.com/albums/g227/tcc_0888/SM/Grass3BR.jpg

Apparently this is not the project behind SM City. I read in Bworld, that it's in front.

Based on the map, the Grass will be built behind SM North EDSA/Annex. :)

ah so it is. how strange though I could've sworn the article said in front of perhaps it's just bad reporting. the other question now is what happened to the northepoint development then!

doon? sayang naman, we went sa top floor ng parking building ngg SM, and puro trees sa site na yun.

the size of the 1br, 2br and 3br units illustrated are relatively small compared to most of the condos . . . I think its just too small . . .

Sa lote ng Bagong Bantay nga itatayao ito...

^^ Based on the map, the San Francisco High School seems to be an odd man out. IMO, it would be better to have the school relocated and let SM develop the property to connect its ANNEX with the Grass Residences.

716% rise in SM property arm’s net
REALTY CONCERN BULLISH ABOUT SUSTAINING GROWTH

By Honey Madrilejos-Reyes
Reporter


MIDDLE-income residential developer SM Development Corp. said its net income grew 716 percent for the first quarter of the year to P661 million versus P81 million in the similar period last year.

At the sidelines of the company’s annual stockholders meeting Tuesday, company president Rogelio Cabunag told reporters the substantial growth was supported by improvements in its equities portfolio and real estate sales. “While we are a smaller company compared with the other real estate firms, we are optimistic that we can sustain growth.”

Cabunag said their company, a listed property firm majority-controlled by the SM Group, intends to raise P3.5 billion in fresh capital this year to fund future developments and acquire additional land. The required capital could be raised either through the public sale of additional shares or new borrowings. “We have to fill up our pipeline as we accelerate the sale of our existing projects.”

The company is spending around P2 billion this year, bulk of which would fund three new residential projects in Alabang and Quezon City—Lindenwood Residences in Susana Heights, Alabang; Berkeley Residences in Katipunan Avenue, and Grass Residences in North Edsa, both in Quezon City.

Lindenwood homes are designed in the mold of American houses. It is a 2-hectare property divided into 390 lots selling for P3.5 million to P7 million. “Construction in Lindenwood already started and our clients can start building their homes in the first quarter of 2008.”

The Berkeley is a 30-story condominium designed for students, academics, and families with school children with units ranging from 19 to 80 square meters in studio-type, one-bedroom, two-bedroom, and penthouse configurations.

The Grass Residences, a condominium adjacent to SM North Edsa shopping mall, is a 3-tower project packaged as one of the most convenient and accessible properties for the mobile professional.

Each unit at Berkeley and Grass would cost P1 million to P3 million.

Last year, company net income grew 51 percent to P984 million from P652 million in 2005 on the back of higher revenues, which amounted to P1.4 billion. The sales upswing was attributed to the increase in demand for its completed residential properties Chateau Elysee and Mezza Residences

http://i14.tinypic.com/4gyq787.jpg

P5.4B is a huge investment. Let's hope the buildings come out nice. Does anyone have a rendering of the new SM Annex?

http://i17.tinypic.com/2hrzfc8.jpg

The Grass Residences

-SM Development's DEVELOPER - 2006 Annual Report

IMHO the Grass Residences has a better location than Mezza. If I haven't committed yet to another project, I would have opted for Grass for the same reasons I liked Portovita in Cubao: proximity to the malls and EDSA, affordable budget (for me), and noDP scheme. :)

http://farm1.static.flickr.com/209/523445138_f66f6e35bd_o.jpg

http://farm1.static.flickr.com/216/523447488_6a1748447b_o.jpg

http://farm1.static.flickr.com/248/523445834_b1b5cfa9a5_o.jpg

http://farm1.static.flickr.com/252/523470013_a752e0b9d0_o.jpg

5 Hectares, 1st Phase is 3.6 hectares
Nueva Ecija Street corner Masbate Street, Bago Bantay, Quezon City

Swimming Pool
http://farm1.static.flickr.com/249/523470173_75d35ef291_o.jpg

Pool Area Perspective
http://farm1.static.flickr.com/198/523469869_d92530f752_o.jpg

http://farm1.static.flickr.com/241/523446916_0b3cfac430_o.jpg

http://farm1.static.flickr.com/212/523446710_90e0b2d6d6_o.jpg

Amenities

http://farm1.static.flickr.com/214/525940639_5bfd616ae5_o.jpg

http://farm1.static.flickr.com/202/523445640_58fda0943e_o.jpg

http://farm1.static.flickr.com/222/523468371_d81788fc9d_o.jpg

http://farm1.static.flickr.com/229/523445392_e919862598_o.jpg

3BR Unit Plan
http://farm2.static.flickr.com/1179/525940157_337913b788_o.jpg

2BR Unit Plan
http://farm2.static.flickr.com/1194/525940079_158fad497b_o.jpg

1BR Unit Plan
http://farm1.static.flickr.com/201/525940021_49b39d59b4_o.jpg

updates on this project:

Project Name: The Grass Residences
Floors: 33-storeys above ground, ? basement
Height: 121 meters above ground level to tip of building
Owner: SM
Architect: ?
Structural Designer: ?
Project Manager & Quantity Surveyor: Jose Aliling & Associates

more updates soon.

did they add 2 additional towers to the plan, seems like 2 additional towers in the rendering making a total of 5

http://farm1.static.flickr.com/252/523470013_a752e0b9d0_o.jpg

5 Hectares, 1st Phase is 3.6 hectares
Nueva Ecija Street corner Masbate Street, Bago Bantay, Quezon City

so it will rise on that green patch of land or that brownish one below it?

So ito na iyung bagong diwa project nila. Wasn't there another name to this before (Aron? you remember everything)? Tabi to ng SM city diba. Hmmm.

Anyway 5 billion for a project with 3 or even 5 30 story buildings is way too much, maybe it's for the whole 5 hectares and includes some other unannounced projects.

^^ Bago Bantay po, not Bagong Diwa/Bagong Bantay as otherw would call it in the other threads, mag-imbento daw ba ng pangalan. :hilarious Of course I remember everything :D, I may forget a lot of things but it's only for my short term memory, I make sure I stick the SSC stuff deep into my memory banks. This was previously known as the Northpointe Residences, a four tower midrise condo project.

Maybe the P5B does include other projects, 5 hectares seem to big for that kind of development alone, I wonder if they really do have other "suprises" for that big lot.

... This was previously known as the Northpointe Residences, a four tower midrise condo project...

The NorthPointe Residences thread (http://www.skyscrapercity.com/showthread.php?t=214834) resurfaced here recently... mods should merge it with this thread na lang.:)

Thank you but, I'm not sure, because with a complete redesign, it's actually like a different project already, let me think...

ECC na lang pala kulang nitong project para makapag start na sa construction

what's ECC?

Environmental Compliance Certificate - DENR.

Kaya pala, Thank you Aaron!

I wonder why they changed the name Northpointe which is nice but forgetable and generic to Grass which is kinda strange.

Magkano ba dito can someone post their offerings so people can see what SM is offering.

^^ They called it Grass because 80% of the total 3.6 ha. area is allocated to resort type condominium living.

price vary according to location...

I BR unit: 21 sqm @ 1.1M (back unit, 1st flr)
2 BR unit: 45.3 sqm @ 2.5 M (corner back unit, 1st flr )
3 BR unit: 64 sqm @ 3.9 M (corner parkview, 1st flr)

This is also being marketed by Philproperties International Corp. accredited broker for SM Development Corp.

^^ Mahal na pala ang damo ngayon, milyones na, makatira na nga lang ng iba. :D

hmmm Grass ha, hehe

back to my song,

little boxes in the hillside...

Maybe they should have just named it Cogon the apartment building you can't stomp out, or Bermuda more than a motel a tall condo, puede ring carabao where your investment in a home is slow but steady and sure hehe

^^ They called it Grass because 80% of the total 3.6 ha. area is allocated to resort type condominium living.

price vary according to location...

I BR unit: 21 sqm @ 1.1M (back unit, 1st flr)
2 BR unit: 45.3 sqm @ 2.5 M (corner back unit, 1st flr )
3 BR unit: 64 sqm @ 3.9 M (corner parkview, 1st flr)

This is also being marketed by Philproperties International Corp. accredited broker for SM Development Corp.


What are the payment options?

^^ They called it Grass because 80% of the total 3.6 ha. area is allocated to resort type condominium living.

price vary according to location...

I BR unit: 21 sqm @ 1.1M (back unit, 1st flr)
2 BR unit: 45.3 sqm @ 2.5 M (corner back unit, 1st flr )
3 BR unit: 64 sqm @ 3.9 M (corner parkview, 1st flr)

This is also being marketed by Philproperties International Corp. accredited broker for SM Development Corp.


What are the payment options? I mean the most affordable one....

What are the payment options? I mean the most affordable one....

Sir, the minimum down payment is 20% payable in 30 months without interest.

80% balance thru bank financing, up to 15 years. :)

SM Development eyes P5B in new funds
By Elizabeth Sanchez-Lacson, 12 Jun 2007
Source: Inquirer

SM Development Corp., the condominium builder of the mall tycoon Henry Sy Sr., may take new debt or sell shares to raise P5 billion this year to fund projects and acquire lands, company president Rogelio Cabuñag said.

“It’s part of our plan, to raise new funds this year. But it depends, we have enough liquid assets,” Cabuñag said. “We will study the market and see if it’s favorable.”

In the second half of the year, SM Development will proceed with a project called Mezza Residences, a residential and commercial condominium being done in joint venture with the SM group’s Banco de Oro Universal Bank.

Mezza Residences will have four 38-story towers connected by a retail podium. It is selling a total of 2,420 units and is expected to be completed in three years. Total estimated cost to complete the project is P2.36 billion.

SM Development has earmarked almost P7 billion in three major residential projects over the next three years.

These are the [B]P5.4-billion Grass Residences, a seven-tower condominium cluster on the northern portion of the EDSA highway that will offer 5,390 units; the P1.4-billion Berkeley Residences, a 35-story condominium along Katipunan Avenue in Quezon City; and the P261-million Lindenwood Residences, a 22-hectare subdivision near suburban Alabang town.

Lindenwood is a partnership with the Madrigal family, the landowner of the project. It will offer 390 lots averaging 350 square meters each and priced at P3.5-P7.0 million.

^^ 7 towers? dumami ata., :)

onga kala tatlo lang iyan.

di kaya mag-suffer ang security kung sakali? mostly studio units then 7 towers? :ohno: just wondering...

still liking grass residences though. dunno i'm just partial to condos with malls on their doorsteps perhaps. and the low price tag for the shoebox units LOL!! :lol:

I think 7 towers is fine but 5,390 units? Whoa. Dami nyan. Can the market absorb that many units? :nuts: Anyway, if the project is P5.4B according to the article then divide that into 5,390 units... you'll get approx P1mln/per unit which means nearly puro studio ito at kaya siguro ng market.

that area i guess has market. sobrang dami ng tao dun eh. plus the extedted dp that they're offering 20% in 48 months is really affordable. yun nga lang sobrang high dense.

it's very interesting how will sm units be like. based on mezza's current per sqm price of almost 80K, its quite expensive na rin.

Looks like it's gonna follow the Cityland business model. It's a model that has worked so well for Cityland so I guess SM will be just too happy to apply it.

But the big PLUS of SM, of course, katabi sila ng SM. That will eat up cityland's market.

I had the site development plan superimposed on the actual site. You'll notice that Tower 1 is actually not the back end of the property but is located just almost halfway of the property. There's still space for future towers and probably a retail podium.

http://i5.photobucket.com/albums/y195/aaron_ofngol/north_grass.jpg

ahh, nakaharap siya sa pool pero nakatalikod sa edsa. or am i wrong? :)

location can be considered very good. Nexus of 2 lrt lines with 2 of the largest malls inthe country! 5000 units chicken. This area at that pricing can take much much more. Similar sa Citylang ang pricing but their project locations are different and the market is still capable if they're just looking at 1m pesos. Di pang ofw iyan pang local na workers.

hi. i was offered this. 1.2M for a 21 sqm 1 br unit. the building is kinda ok. but the terms is great. now my question is this, is this a good investment for rental? may takers kaya dito considering wala naman sya sa CBD? maganda yung loc since connected sya sa SM north.

any commemnt, hehe

^^ It's not in the CBD, for now. But in the future, it will be on the fringe of the new Quezon City Central Business District.

Long run should be ok. At min 5k a month or 60k a year which is very conservative , you should get a yield over 5%. No great but I think the location in the long run will make it worthwhile.

I've reserved a unit here and just followed up some papers from SM Development Corp, I happened to ask when is the expected Tower 1 completion/turnover date, their Admin told me that they have a conservative schedule of 2011 Q3. Ang tagal pa pala, excited pa naman na ako to get my unit na, huhu. I was told initially that its scheduled 2010 Q3.

Tower 1 units facing EDSA is in danger of having blocked views, we don't know what they're planning to build on the part of the lot I labeled "space for future development" (refer to the diagram above). It's better to ask them what will be built there so you can decide whether to get an EDSA facing unit of Tower 1 or not.

but that's the better side. yung kabilang side puro bubong na lang ng bahay ang makikita hehe.

^^ I'm just stating a possibility, it may happen or may not, just don't tell me later that I didn't give a warning. :D

At first, I wanted the Edsa view because the morning sun is on that side but I've realized that I don't wanna wake up looking like I'm in the middle of the busy polluted highway so I opted to get the other side na lang. I'm on a mid part of a lower floor so I get to have a good view of the pool, clubhouse and the garden. Its true na baka puro bubong lang ang makita ko on that side if I get a higher floor pa so I hope I made the right decision in choosing my unit.

congrats! that's a good decision. afterall, magandang view ang amenities area much better than sm north.

http://www.bworld.com.ph/BW103007/content.php?id=042

SM to start construction of Quezon City condo project

Lovely Nica P. Lee
BusinessWorld
October 30, 2007

PUBLICLY LISTED SM Development Corp. expects to start construction of its newest project, Grass Residences by December, a top official of the company said.

Carlos V. Chikiamco, vice-president and project director of Grass Residences, said the project, a three-tower condominium, would rise on a 3.6-hectare lot adjacent to SM City North EDSA.

Grass Residences, which has a development outlay of P6 billion excluding land cost, will have a maximum of 39 storeys purely for residential purposes.

"The first tower will house 2,000 units, but for the other two [towers] we still have to determine [the number of units]," Mr. Chikiamco said.

Contractors for the project were already trimmed down to four, he said.

"We bid it (the project) out and we’re evaluating four bidders. We’d probably award it before the end of November," said Mr. Chikiamco.

Catering to the young professionals and startup families, Grass Residences will have units that are 21 to 70 square meters. Units will be priced from P920,000 to P5 million.

"The construction of the first tower will take 30 months, while the others will follow upon sales take up," Mr. Chikiamco added.

Mr. Chikiamco also said the project’s license to sell would be released by the first week of November.

Mr. Chikiamco said a direct walkway to SM North EDSA would be constructed for homeowners’ convenience. "We have a bridgeway to SM North EDSA. Then just cross the street you’re in TriNoma, that’s why it’s a good location. Our strength there is we got a lot more open space, [that’s why] it’s called Grass [Residences] to emphasize that there’s a big lawn that people can enjoy," he said.

Amenities of Grass Residences include spaces with multiple swimming pools, basketball court and gyms.

SM Development, the homebuilding development arm of the SM Group of Companies, is strategically expanding by converting lots near the SM malls into residential projects.

It is currently developing Mezza Residences, a four-tower project in Sta. Mesa, and has recently launched 30-storey Berkeley Residences along Katipunan Avenue. It also recently launched Lindenwood Residences, its first residential project, in Susana Heights, Muntinlupa.

The firm earlier reported a third- quarter net income of P791.824 million from P591.049 million in
the same period last year. The 33.97% growth, it said, was brought about by the increase in revenues to P1.992 billion from P871.971 million as a result of higher real estate sales at P1.290 billion for the period.

Operating expense, however, was directly proportional to the increase in sales, causing it to surge fivefold to P1.099 billion from P278.373 million in a bid to aggressively campaign all residential products locally and internationally.

^^ 3.6-hectare lot lang pala for Grass, I wonder what will be done to the remaining 1.4-hectares.

any news? have they got the license to sell? when's the groundbreaking? :)

The property is approximately 5 hectares. The 3 Towers will occupy only about 3.6 hectares. The remaining lot will become the amenities, gardens, and 2 parking buildings. They still don't have the license to sell. Groundbreaking is said to be in the 1st quarter of 2008. They have a model unit still under construction on the 3rd floor of SM North Edsa.

any updates?

any updates?

In case you don't know yet, they're going to build 5 pools now, different from the original pool plans that they have presented. :)

Do they have the license to sell now? TCPs are presently at the following price ranges/ sqm: P58T for the 1BR; P62T for 2BR; and P68T for the 3BR. I heard prices will be up by another 5% effective March 15, 2008.

i think no one has posted this yet...

sm is rivaling mw and ali with their sweet payment terms... take note most bosses there came from cii..

combined units
http://img507.imageshack.us/img507/3711/1brx22brgd1.jpg
2 1br = 2br

http://img521.imageshack.us/img521/4848/1brx33brtd9.jpg
2 br + 1br = 3br

http://img261.imageshack.us/img261/5315/1brx3big2brbq7.jpg
3 1br = big 2br

http://img507.imageshack.us/img507/5361/2brlivingbrtc0.jpg
2 br living room and bedroom

http://img209.imageshack.us/img209/3900/1brlivingbrpq8.jpg
1 br living room and bedroom

http://img507.imageshack.us/img507/5135/1brkitchenco1.jpg
1 br kitchen

http://img209.imageshack.us/img209/9210/1brdiningim9.jpg
1 br dining room

http://img525.imageshack.us/img525/4116/grasspaymenttermslo5.jpg
payment terms

^^ 3.6-hectare lot lang pala for Grass, I wonder what will be done to the remaining 1.4-hectares.
SM Bought the Golden Acres and Part of San Francisco High School...Maybe More retail for the mall

I was just advised that Grass Residences price increase is scheduled this July 2008.

MANILA, Philippines - Sy-led SM Development Corp. (SMDC) is seeking to generate as much as P10.5 billion in revenues from a residential condominium project in Quezon City.

In an interview, Project Director Ronaldo S. Araneta said the P6-billion, three-tower Grass Residences near SM City North EDSA will have 5,300 units that will be sold for P75,000 per square meter. A one-bedroom unit will have an area of 22 to 36 square meters, while the size of a three-bedroom unit will range from 66 to 69 square meters.

The buildings will have 40 stories and will rise on a 3.6-hectare lot adjacent to the mall.

Mr. Araneta said only a quarter of the land will be allotted for the buildings. The rest will be used for parks and playgrounds, landscapes featuring swimming pools, a resort clubhouse, cabañas and a pavilion.

The condominiums, he added, would be linked to SM North EDSA.

Since it started preselling in December, the first tower of Grass Residences is almost three-quarters sold, Mr. Araneta said.

About 80% of the buyers are professionals who have just started a family. The rest are Filipinos working abroad.

The first tower is expected to be turned over in March 2011 and has 1,870 units, while the second and third towers are expected to be turned over by 2012 and 2013, respectively.

"Grass Residences is the single biggest condominium complex development in the country," Mr. Araneta said.

— Kristine Jane R. Liu, BusinessWorld

SM Bought the Golden Acres and Part of San Francisco High School...Maybe More retail for the mall

pwede ring world class hotel...kasi nabasa ko noon na may planong hotels din para sa ibang SM Malls

^^ Pwede rin! Tsaka on-going talaga yung construction nila dyan.

Kaso saan na nila ililipat yung Golden Acres at yung QueSci?

^^baka ilagay na lng nila sa loob ng mall complex..:lol:

may pics na ba nung digging process? tnx sa magpopost

Tower 1 is actually several levels high already:
http://i20.photobucket.com/albums/b210/ofngol/2008/Photo_011209_002x.jpg

For the white structure with the blue roof, that would be the clubhouse:
http://i20.photobucket.com/albums/b210/ofngol/2008/Photo_011209_003x.jpg

^^Ang bilis ng progress ng pag-gawa...nakikita ko narin topmost floors ng Grass Residences from SM City & TriNoma

Tower 1 is actually several levels high already:
http://i20.photobucket.com/albums/b210/ofngol/2008/Photo_011209_002x.jpg

For the white structure with the blue roof, that would be the clubhouse:
http://i20.photobucket.com/albums/b210/ofngol/2008/Photo_011209_003x.jpg

nice full swing na pala to kala ko d pa ginagawa to.. tnx thomasian

Talagang todo na ang construction activities sa North Edsa namely LRT 1 extension, SM North Edsa Complex (Grass Residences & SM North Edsa Mall redevelopment)

http://i44.tinypic.com/2ewmn95.jpg
San Francisco High School and QC Polytechnic University markers near the middle of the image with construction lights for the Grass Residences seen at the background.

nice full swing na pala to kala ko d pa ginagawa to.. tnx thomasian


HA HA HA!!! Very prominent mukha ni Bingbong Crisologo.

kakatakot na congressman yan si bingbong

kakatakot na congressman yan si bingbong

^^ Cong. Crisologo is actually a nice person but quite intense. Although he had a "storied" life in Ilocos Sur, he has changed and seems to be well liked. Except for the Esquivel MMDA incident, he has kept a low profile lately and is reported to be gunning for the mayoralty post next year.

Visited the construction site last month. From my count, they were already working on the 9th level.

Here are some pics of the 1 bedroom model unit setup at the clubhouse basement.

http://i39.tinypic.com/2hg8ig1.jpg

http://i41.tinypic.com/2w66lh2.jpg

http://i39.tinypic.com/9i8hvq.jpg

http://i42.tinypic.com/o0x9x1.jpg

http://i42.tinypic.com/fxco48.jpg

Sorry if pics are not that nice kasi patago lang kuha e, the guard was roaming that time. hehe.:ohno:

The interior daw na for turnover does not include the actual tiles and bathroom fixtures as shown. White tiles lang daw and simple fixtures (found on the model 2-bedroom unit) are included. They did tell me however that the sliding door/partition daw for the bedroom is included.

^^ That's fast. 9th level already. Great job.

^^Ang bilis talaga ng construction arm ng SM!

this would have been a great area for me because im from a province in the north...i actually made a reservation but then i backed out because i found one that is i think better in location and amenities...

after reading the posts...im glad i did because i think this condo would be too crowded...1 floor has a lo of studio units...i can imagine the waiting time for the elevator...plus...i dont like the idea of changing a lot of stuff...from 33 floors...to 38...now its 42 levels high...from northpointe to grass...cant they make up their minds..2010 to 2011....

buti na lang tlaga...

this would have been a great area for me because im from a province in the north...i actually made a reservation but then i backed out because i found one that is i think better in location and amenities...

after reading the posts...im glad i did because i think this condo would be too crowded...1 floor has a lo of studio units...i can imagine the waiting time for the elevator...plus...i dont like the idea of changing a lot of stuff...from 33 floors...to 38...now its 42 levels high...from northpointe to grass...cant they make up their minds..2010 to 2011....

buti na lang tlaga...

^^ What's the name of the development which you chose over Grass? Thanks.

SM Development earnings plunge on mark-to-market losses (http://http://www.philstar.com/Article.aspx?articleId=445235&publicationSubCategoryId=66)
By Zinnia B. Dela Peña Updated March 04, 2009 12:00 AM


MANILA, Philippines - SM Development Corp. (SMDC), the property unit of investment holding firm SM Investments Corp., posted a net profit of P56 million last year, down from P1.3 billion in 2007, on huge mark-to-market losses.

“The decline was mainly due to unrealized mark-to-market losses from equity investments that held SMDC’s portfolio from its previous business as an asset management company,” SMDC said in a statement.

However, the company said income from real estate operations jumped 116 percent from P513 million to P1.1 billion while gross profit on real estate sales doubled to P1.7 billion.

Realized revenues from real estate operations amounted to P3.1 billion, 56 percent higher than the previous level, brought about by the strong sales uptake of the Grass and Berkeley Residences, coupled with the higher completion rates of Mezza Residences and the completion of cluster six of Chateau Elysee.

For the whole of 2008, SMDC pre-sold a total of 2,622 residential units valued at P5.1 billion.

“We are pleased by the continued growth in our core business of residential development. Notwithstanding the challenging operating environment we are in, we foresee our residential business to be highly competitive in the market. We will therefore vigorously pursue our pre-selling activities, and at the same time keenly monitor cost efficiencies. We are also committed to deliver the best quality of homes to our customers at the shortest possible turnaround time,” said Roger R. Cabuñag, president of SMDC.

SMDC has five ongoing projects. Chateau Elysee, a six-cluster mid-rise condominium project in Parañaque City, is now in its fifth cluster; Mezza Residences across SM City Sta. Mesa is 95-percent complete with two of its towers due for turnover to homebuyers this March.

Berkeley in Katipunan Road across Miriam College is 22-percent complete, and Grass Residences beside SM North EDSA is 24-percent complete with its first phase. Lindenwood Residences, a residential subdivision in Muntinlupa City, is 99-percent complete.

^^Ang bilis talaga ng construction arm ng SM!

SM e!:banana:

quick question lang mga sir....if 24% completed na ang phase 1, when kaya ang projected turn-over nila? i'm considering getting a unit here if they can deliver maybe around the period of 4th qtr. 2010 or even 1st qtr 2011. thanks in advance

I think one of the most reliable developer ang SMDC,what they promised they are committed to it and able to do beyond that.Look at Mezza residence...just my two cents:)

yeah..ur right. i was really impressed with what they did at mezza. i am still thinking of getting a unit there although since almost all of the units are rfo na, medyo mahal and masakit sa bulsa. maybe sa the grass, makaka discount pa ako. any agents present here to answer my query? thanks

yeah..ur right. i was really impressed with what they did at mezza. i am still thinking of getting a unit there although since almost all of the units are rfo na, medyo mahal and masakit sa bulsa. maybe sa the grass, makaka discount pa ako. any agents present here to answer my query? thanks

Hi, mauiboy. Sent you a PM.

thanks aziza....

yeah..ur right. i was really impressed with what they did at mezza. i am still thinking of getting a unit there although since almost all of the units are rfo na, medyo mahal and masakit sa bulsa. maybe sa the grass, makaka discount pa ako. any agents present here to answer my query? thanks

Mukhang kaya nila ang 2010 kasi mabilis sila gumawa. I'd still prefer Grass over Mezza in terms of location kaya nga puro leaflets and drawings pala e kumuha na ako, I was fortunate to avail yung unang price nila when it got out.

Hmmm.. I wonder magkano na ang bentahan ng 1-bedroom unit ngayon.

Hi, guys! Here's latest update just as of yesterday pm:

The 3BR units has been converted to 1BR units starting from 25th-38th floor! In the floor plan that I posted below, all 3BRs are facing amenities and has AM sun orientation. Price starts at 1.8M (21.85sqm). Units here can also be combined as 2BR. Imagine, a NVAT 2BR that has AM sun orientation plus it's facing amenities. A best deal indeed!

Anyone interested? Send me a PM asap to get the best seat in the house. Thanks!

http://img23.imageshack.us/img23/4599/slide8.jpg

Mukhang kaya nila ang 2010 kasi mabilis sila gumawa. I'd still prefer Grass over Mezza in terms of location kaya nga puro leaflets and drawings pala e kumuha na ako, I was fortunate to avail yung unang price nila when it got out.

Hmmm.. I wonder magkano na ang bentahan ng 1-bedroom unit ngayon.

you're right. location wise, lamang ang the Grass.also mas maluwag sa the Grass considering that the development is 5 hectares and three towers lang
i also thought at first na mas mura pa sa the Grass since almost RFO na lahat ng mga units sa Mezza but it turned out na medyo mas mataas pa rin sa the Grass.latest quote that i've got from Mezzas is they're still giving 10% discount sa tower 3 & 4 which unfortunately, they don't do sa the Grass.
all things considered though, the price difference for me doesn't matter. I've already made my decision and i'll go for the Grass residences.:)

thanks aziza for the latest info...post mo naman yung mga "secret pics " mo ng latest sa Grass.

you're right. location wise, lamang ang the Grass.also mas maluwag sa the Grass considering that the development is 5 hectares and three towers lang
i also thought at first na mas mura pa sa the Grass since almost RFO na lahat ng mga units sa Mezza but it turned out na medyo mas mataas pa rin sa the Grass.latest quote that i've got from Mezzas is they're still giving 10% discount sa tower 3 & 4 which unfortunately, they don't do sa the Grass.
all things considered though, the price difference for me doesn't matter. I've already made my decision and i'll go for the Grass residences.:)

CONGRATS, mauiboy for being the first to get one of the best seats in the house! Cheers! :cheers:

:) :) thanks....credit goes to you. the infos. and updates you've provided are really very helpful...i know i've made the right decision because of that.

:) :) thanks....credit goes to you. the infos. and updates you've provided are really very helpful...i know i've made the right decision because of that.

Being a condo investor myself, helped me in anticipating your needs. Of course, we as investors have to know all the pros and cons of each project that we are interested in, then compare. In this way, we can make an intelligent choice. We are betting our hard-earned money on a promise, di ba? So dapat talaga, everything is clear from the start. Para no regrets sa investment!
:tiasd:

you're right. location wise, lamang ang the Grass.also mas maluwag sa the Grass considering that the development is 5 hectares and three towers lang...

^^ i know it would be 5 towers. :) but still not bad, 1 ha/tower.

it's only three towers you must have counted the two parking buildings to come up with the number five...
any one here to clarify this?

It's only 3 residential towers, and 2 parking bldgs (7 level each). I attached the plan here.

http://img5.imageshack.us/img5/6171/slide3w.jpg

^^ hmm.. i see.. i was talking about the newly acquired land for the next two towers, or isn't this the plan anymore? curious...

The Grass residences emerging from the back of SM City North:

http://img156.imageshack.us/img156/8642/gedc0169.jpg (http://img156.imageshack.us/my.php?image=gedc0169.jpg)

the development is 5 hectares and three towers lang

As I've said before in my posts on previous pages of this thread, notice that they didn't use the whole 5 hectare space for the project as they kept roughly a third of it "unallocated" on their site development plan.

yup, it's marked "for future development"...

ang ganda sana ng location at presyo nito kaya lang ay super dami ng units per floor tapos 3 towers pa. sana naman ay yung bakanteng lote ay kung gagawing condo din ay gawing 8 or 10 units lang kada floor.

well, it has a big land base that's why. and smallish cuts too.

yup, it's marked "for future development"...

Shempre. That unused space can be anything. Only time will tell.
How i wish i-move dun yun occupants ng lots sa likod ng SM Main Bldg.
So that they will have more space for expansion.

It's really cool how that lot has turned into SOMETHING.
Dati kasi uber boring yun before.

Promo for May 2009: There is an additional 8% discount on top of standard discounts applicable to all 2BR units from the 20th floor and up.

^^ ibig sabihin hindi masyado mabenta talaga now.. even if we are seeing up-turns in the global economy, mukhang bearish pa rin ang sales... many developers are doing this now...

^^that's the effect of the Global Financial Crisis...buti pa Mezza residences mukhang imune

Promo for May 2009: There is an additional 8% discount on top of standard discounts applicable to all 2BR units from the 20th floor and up.

Sent you a PM, sir. Hope you can reply.

HI

Promo for May 2009: There is an additional 8% discount on top of standard discounts applicable to all 2BR units from the 20th floor and up.

can you send me a quoation as well for 1 bdrm and 2 bdrm. thanks

can you send me a quoation as well for 1 bdrm and 2 bdrm. thanks

me too can you send me also

yehhheeyyyy....mukhang dadami na ang mga future neighbours ko. aziza, start hitting the pm button a.s.a.p. :)

can you send me a quoation as well for 1 bdrm and 2 bdrm. thanks

me too can you send me also

PM sent Erida25 and samadifa.


yehhheeyyyy....mukhang dadami na ang mga future neighbours ko. aziza, start hitting the pm button a.s.a.p. :)

Yes, Sir Mauiboy! Rcvd my msg about SPA?

please send me a sample computation too for 2br

For Grass Investors: Grass Tower 1 is 33days advance per construction time table. It is now 90% sold. In line with this, Tower 3 (near the mall) units will be open for sale starting June 1.

Tower 3 units (2012 turnover) will be delivered fully-furnished with the appropriate appliances 2 years from now (those "uso" on 2012). The idea is for T3 to be an Investors' Tower, applying the condotel concept. Units facing the amenities are 2BRs and combination units (1BR+1BR). There are only two 1BR-unit facing amenities. SkyLounge of Grass will be housed here, in T3's Penthouse.

An airconditioned Visitors' Lounge in the 2nd floor of Parking Bldg A will be available for residents' guests on foot from SM North exclusive bridgeway.

GRASS is truly a transit-oriented development. Aside from the proximity of 2 giant malls, SM North Edsa and Ayala's Trinoma, great convenience talaga once completed na yung Grand Central Terminal in front of SM North that will connect MRT and LRT expansion as part of QC Central Business District Plan. Plus may FX, Vans, Jeeps pa sa parking terminal ng SM North.

http://img222.imageshack.us/img222/6678/topview.jpg

There is a one-day promotional discount of 3% in all payment schemes, in addition to the standard discounts. Valid on July 9 only.

The best scheme of 20% in 36months, 80% bank loan. Bank monthly amortization will start on the 37th month.

anyone visited the construction site lately? what floor are they working on now?

^^I havent there for a while, but balita ko 22nd floor na ang construction. I will post latest pic here by this week. For the meantime, here's what Ive got:

Clubhouse
http://img524.imageshack.us/img524/70/dsc03451.jpg
http://img524.imageshack.us/img524/8780/picture1l.jpg
http://img524.imageshack.us/img524/6341/picture2lwm.jpg
http://img39.imageshack.us/img39/9117/picture4w.jpg
http://img524.imageshack.us/img524/7413/dsc04069.jpg

March 15 Construction
http://img524.imageshack.us/img524/699/dsc03402l.jpg
http://img199.imageshack.us/img199/3889/dsc03403d.jpg
http://img196.imageshack.us/img196/2251/dsc03404c.jpg

May5
http://img146.imageshack.us/img146/4716/pict0662.jpg

Those who bought combined units, i think it's time to advise your agent what layout you prefer para ma-construct yung unit niyo as what you instructed.

^^ Wow! Salamat Aziza sa photo updates! :banana:

^^did u buy a unit here too ruralvillage?

papaano ba mag-upload ng pics dito? i've got new pics taken just over a week ago....hope someone can tell me how to post it here..TIA

found this on youtube....

http://www.youtube.com/watch?v=U5uGND-hYT8

Here's a scanned picture of the Clubhouse at night.

http://img189.imageshack.us/img189/1522/grassclubhouse.jpg

Thanks Aziza1121 for the pics and updates, got me excited na naman. I saw yung floor ko e naibuild na pala, hehe! Whenever I drive by that area, automatic na ang pagtingin kung gaano kataas na ang construction. I'm happy I made the right decision in choosing Grass over others.

this project is looking very nice.. i am loving the clubhouse..

Hi, guys! Here are the construction pics I promised:

22nd floor na

http://img268.imageshack.us/img268/8392/dsc04572c.jpg http://img259.imageshack.us/img259/2862/dsc04579m.jpg http://img142.imageshack.us/img142/4275/dsc04591m.jpg

http://img518.imageshack.us/img518/2027/dsc04580.jpg
Installing Windows and Balcony Railings
http://img209.imageshack.us/img209/7751/dsc04578.jpg

Clubhouse
http://img518.imageshack.us/img518/4949/dsc04583.jpg

http://img265.imageshack.us/img265/6264/dsc04594.jpg

http://img265.imageshack.us/img265/3557/dsc04598.jpg

Bridgeway "abang"
http://img31.imageshack.us/img31/8391/dsc04571y.jpg

Thanks Aziza1121 for the pics and updates, got me excited na naman. I saw yung floor ko e naibuild na pala, hehe! Whenever I drive by that area, automatic na ang pagtingin kung gaano kataas na ang construction. I'm happy I made the right decision in choosing Grass over others.

Me, too. Grass always makes me excited. Palaging may balita. The Project Director is so passionate about the project that he always updates us about the construction progress, latest schedule/time table. Do you know that PhP1.1M lang pala start-off price ng 1BR here? Hay, I wish we bought one here instead of Palawan lots...

thanks aziza for the update.....

Me, too. Grass always makes me excited. Palaging may balita. The Project Director is so passionate about the project that he always updates us about the construction progress, latest schedule/time table. Do you know that PhP1.1M lang pala start-off price ng 1BR here? Hay, I wish we bought one here instead of Palawan lots...

Yup i believe you Aziza1121 coz I got my 1BR for that price. hehe! Saw the "abang" bridge last Saturday when I was on my way up the carpark. In fairness, nde makipot ang daan as if they are anticipating many people to go by this bridge. :rofl:

^^Wow! Good for you, bwakananggam. You saw the potential of Grass. Siguro, talahib pa lang yung GRASS location when you bought your unit?

End of September launching ng bridgeway.


Exclusive Bridgeway
http://img34.imageshack.us/img34/4328/dsc04571t.jpg

^^I havent there for a while, but balita ko 22nd floor na ang construction. I will post latest pic here by this week. For the meantime, here's what Ive got:

Clubhouse
http://img524.imageshack.us/img524/70/dsc03451.jpg
http://img524.imageshack.us/img524/8780/picture1l.jpg
http://img524.imageshack.us/img524/6341/picture2lwm.jpg
http://img39.imageshack.us/img39/9117/picture4w.jpg
http://img524.imageshack.us/img524/7413/dsc04069.jpg

March 15 Construction
http://img524.imageshack.us/img524/699/dsc03402l.jpg
http://img199.imageshack.us/img199/3889/dsc03403d.jpg
http://img196.imageshack.us/img196/2251/dsc03404c.jpg

May5
http://img146.imageshack.us/img146/4716/pict0662.jpg

Those who bought combined units, i think it's time to advise your agent what layout you prefer para ma-construct yung unit niyo as what you instructed.

so far parang ito pa lng ung nkikita kong clubhouse na maganda and classy ang dating :)

Truly SM Development is becoming a fast reliable one,the construction is becoming better and better as the price increases.But you really get your moneys worth.:cheers:

ano ba ang magandang floor,?magpapareserve ako ngayon for tower 3

ano ba ang magandang floor,?magpapareserve ako ngayon for tower 3

With SM kasi, it's more affordable if higher floor. Yes, it's opposite with the general rule with high-rise buildings. If you choose 20th floor and below, you enjoy less elevator waiting time and better, clearer view of the amenities (if unit is facing amenities). If upper floor naman, you have a skyline view, and fresh air plus the best deal with a high floor unit. Your choice.

With SM kasi, it's more affordable if higher floor. Yes, it's opposite with the general rule with high-rise buildings. If you choose 20th floor and below, you enjoy less elevator waiting time and better, clearer view of the amenities (if unit is facing amenities). If upper floor naman, you have a skyline view, and fresh air plus the best deal with a high floor unit. Your choice.

thanks for the reply, we reserved a combination on the twenty ninth floor.

congratulations on your investment, future neighbour.

congratulations, hgm727! :cheers:

By the way, co-forumers, Tower 3 launching will be on July 16. If you want invites, just PM me asap and I'll get it for you before magka-ubusan. It's nice if you could see the site itself and the clubhouse.

@Aziza1121,

Kindly check your email...thanks!

hi aziza. can you please send me the details and prices for tower 3 - preferably a studio unit with balcony facing amenities - gi19mb@yahoo.com. will tower 3 be a condotel concept managed by the developer itself? thank you.

me too! i got unit 2444

me too! i got unit 2444

Congratulations, lite_blue_f! and Welcome to the forum...


Here's the invite for the Tower 3 Launching on July16. You may bring your dgcams to take picture of the actual site before dumilim and before the clubhouse transform into this:

http://img210.imageshack.us/img210/5637/scany.jpg

See you!

Hi aziza,
Please send invites for me at richard_padiernos@yahoo.com.ph thanks.

wahhhh!!! ganda ng clubhouse!!!

Hi, just want to clarify that the July9 T3 Launching has been only resked to July16. Nde po repeat yung sa July 16. One-day promo lang yung additional 3% discount. Thanks!

when we talk about tower 3, does it mean na sold out na ang tower 2 ? or from tower 1 jump na agad ang construction and selling into tower 3? just wondering....

^^Jump to Tower 3 since ito yung pinakamalapit sa mall. Para maximize ng owners yung exclusive footbridge to SM NoE. Yung units in Tower 1 with City View before, will become Amenities View bec of Phase 2. Planned amenities here are tennis court and covered swimming pools.

http://img35.imageshack.us/img35/6678/topview.jpg

Im inviting also yung mga previous GRASS buyers for tonight's event at 6pm. Mr. Araneta, GRASS' Project Director, will do the presentation. Very detailed sya mag-explain. It is a chance na for you to get very updated info (more updated than what Im sharing here), and ask any concerns about your investment (Grand Central Station, rate of appreciation, future devts within GRASS). All of us investors need this opportunity to know ano ba plan or changes that is happening sa investment natin after natin binili. Kaya nga tayo active sa SSC forum, di ba? Guys, Im sure nde masasayang pagpunta nyo.

hi guys,

any news regarding the launching yesterday?

thanks!

hi guys,

any news regarding the launching yesterday?

thanks!


Natahimik yata yung mga umattend last nyt. Baka lahat satisifed kasi nasagot lahat ng questions nila, hehe! :)

I finally saw the LED lights of the Clubhouse. Wasnt able to take a full shot. umuulan kc.
http://img148.imageshack.us/img148/1760/dsc04809.jpghttp://img189.imageshack.us/img189/2864/dsc04811ygh.jpghttp://img36.imageshack.us/img36/7941/dsc04810b.jpg

Function Hall right wing of the clubhouse:
http://img521.imageshack.us/img521/9215/dsc04819l.jpg
http://img194.imageshack.us/img194/7859/dsc04814u.jpg
http://img263.imageshack.us/img263/7692/dsc04817.jpg

Unveiling Tower 3 by Arch. Ronaldo Araneta, GRASS Project Director and Ms. Tourism Queen International 2006, Justine Gabionza
http://img13.imageshack.us/img13/1637/dsc04825u.jpg

http://img146.imageshack.us/img146/4655/dsc04826.jpg

http://img12.imageshack.us/img12/8803/dsc04828s.jpg


SkyLounge location in T3 PH
http://img66.imageshack.us/img66/2005/dsc04840.jpg

Update:
It was announced that a part of the Skylounge floor (maybe it's the balcony?)will be glass-bottomed. I still need to clarify this one what part exactly of the Skylounge.

Official list of furnishings are out. I will email copy to T3 investors.

October 2009 - T3 Groundbreaking

T1 will be topping off on December 2009. Definite turnover date on Dec2010. Yehey!

Natahimik yata yung mga umattend last nyt. Baka lahat satisifed kasi nasagot lahat ng questions nila, hehe! :)

tumpak na sagot.... :lol:

wahhhh!!! ganda ng clubhouse!!!

Ang sosyal ng Clubhouse!!! :drool: :eek2:

Bravura SMDC!

In just 45days after T3 launching, almost 500 units were sold here. Last July 16 alone, 80 units. Effective Aug 4 daw may 4% price increase na ang Grass. :(

great updates...thanks Aziza.

PM sent Erida25 and samadifa.




Yes, Sir Mauiboy! Rcvd my msg about SPA?

Hi Azziza,
Please send me a quoation as well for 1 bdrm and 2 bdrm. My email address is: hb.carteciano@gmail.com.

Thanks!

Hi all,

I got hold of my CTS. Im just wondering about the other charges which is computed at 5.5% of the TCP. I was hoping that the breakdown of this charges are indicated. Can I request for it that it should be stated in the contract? Btw, Grass is my first real estate investment, I just want proper accounting of whatever goes of out of my bank account!

Thanks in advance.

Hi all,

I got hold of my CTS. Im just wondering about the other charges which is computed at 5.5% of the TCP. I was hoping that the breakdown of this charges are indicated. Can I request for it that it should be stated in the contract? Btw, Grass is my first real estate investment, I just want proper accounting of whatever goes of out of my bank account!

Thanks in advance.

i don't know if its the same, but this info is from another SM project. but at least you get an idea... wasn't this discussed to you by your agent?

kindly look at your computation sheet, its there somewhere.

registration 1.75%
documentary stamps
insurance title 1.50%
transfer of title
transfer tax 0.52%
electric and water connection 1.55%
legal fees 0.15%
Total 5.5%

i don't know if its the same, but this info is from another SM project. but at least you get an idea... wasn't this discussed to you by your agent?

kindly look at your computation sheet, its there somewhere.

registration 1.75%
documentary stamps
insurance title 1.50%
transfer of title
transfer tax 0.52%
electric and water connection 1.55%
legal fees 0.15%
Total 5.5%

hi lanrocksea!

Thanks for your quick reply.

Yes it was discussed thats why Im surprised why it wasnt included in the breakdown of my amortization. I have to go through it again baka naman its hidden somewhere.

hi lanrocksea!

Thanks for your quick reply.

Yes it was discussed thats why Im surprised why it wasnt included in the breakdown of my amortization. I have to go through it again baka naman its hidden somewhere.

welcome^^

keep everyone updated once turnover starts.

hi lanrocksea!

Thanks for your quick reply.

Yes it was discussed thats why Im surprised why it wasnt included in the breakdown of my amortization. I have to go through it again baka naman its hidden somewhere.

Hi, lite_blue_f. May I address your concern? Check your Official Payment Sked copy that came from SMDC, not from your agent. Dun naka-breakdown naman yung monthly amortization into Unit Payments and Other Charges. It looks like this:

http://img83.imageshack.us/img83/6196/scank.jpg

Hope it helps.

Hi, lite_blue_f. May I address your concern? Check your Official Payment Sked copy that came from SMDC, not from your agent. Dun naka-breakdown naman yung monthly amortization into Unit Payments and Other Charges. It looks like this:

http://img83.imageshack.us/img83/6196/scank.jpg

Hope it helps.

Thanks Aziza,

Yep, I have that one. What I want is the details of the other charges. Baka kasi after 3 years, sabihin sa akin that was meant for something else. Masyado ba akong sigurista? hehehe. Anyways, I told my agent about it already.

Thanks again!

I purchased a 1 BR with balcony unit. I want it specifically indicated in the payment schedule and in the summary provisions. But the documents just indicated 1 BR. I requested for the revision. Is my request valid?

Thanks in advance.

Maybe they can accommodate. Just try it.

SMDC income surges to record P1 billion (http://www.philstar.com/Article.aspx?articleId=493662&publicationSubCategoryId=66)
By Zinnia B. Dela Peña (The Philippine Star) Updated August 07, 2009 12:00 AM
Philstar.com (http://www.philstar.com/Article.aspx?articleId=493662&publicationSubCategoryId=66)

MANILA, Philippines - SM Development Corp. (SMDC), a property firm owned by the family of retail tycoon Henry Sy, said its net earnings for the first half hit a record P1 billion, a 100-fold increase from the P10.3 million net profit the previous year-period, on the back of dramatically higher sales.

In a disclosure to the Philippine Stock Exchange, SMDC said consolidated revenues grew 85 percent to P2.6 billion while its real estate income reached P776 million or more than doubled the year earlier figure.

SMDC said revenues from real estate operations stood at P2.3 billion, up 31 percent from P1.8 billion. Residential units sold went up 32 percent to 1,771 valued at P4.1 billion.

“We are very pleased with the performance of SMDC for the first six months of 2009. While we came from a low-income base last year due to our equity positions that were affected by the financial meltdown, the dramatic increase in net income was also achieved by exerting greater effort in sustaining the growth in residential real estate operations. We expect a robust growth for the rest of the year as we are preparing to launch more projects,” said SMDC president Roger R. Cabuñag.

He said SMDC expects to sustain its strong performance for the remainder of the year as it launches new projects, namely Princeton Residences, Sun Residences (near Welcome Rotonda in Quezon City); Mars Residences along Jupiter St. in Makati City; Jazz Residences in Mandaluyong City; Tree Residences along Felix Avenue in Cainta, Rizal; and Wind Residences in Tagaytay City.

Princeton Residences, a 37-story condominium building located along Gilmore St., Quezon City, is estimated to cost P1.5 billion. Construction will start this year and is slated for completion in 2012. A total of 1,088 units will be offered to the public.

Tree Residences, on the other hand, will involve the development of eight 12-storey mid-rise buildings, costing around P2 billion. The project, offering a total of 2,420 units, will rise on a 5.4-hectare property on Imelda Ave. in Cainta, Rizal and is targeted for completion in 2012.

Wind Residences, meanwhile, is expected to cost P4.3 billion and will make available a total of 2,300 units. Completion of the project is set for 2015.

Ongoing projects include Chateau Elysee, Berkeley Residences in Katipunan Road across Miriam College and Grass Residences beside SM North EDSA.

Chateau Elysee is a six-cluster, mid-rise condominium project in Parañaque City which is now on its fifth cluster and is 58 percent complete, while Berkeley Residences is 40 percent complete.

Grass Residences, on the other hand, is 39 percent complete with Tower 1.

SMDC has set aside P7.2 billion for its capital expenditures this year or 40 percent higher than the allotted budget in 2008. Around 80 percent of the total budget will be sourced from internally-generated cash while the remaining 20 percent will come from borrowings.

The Grass Residences Tower 1 and 2

http://i432.photobucket.com/albums/qq42/stanleymalls/Image013-10.jpg

http://i432.photobucket.com/albums/qq42/stanleymalls/Image015-9.jpg

Road and Drainage Improvement
http://i432.photobucket.com/albums/qq42/stanleymalls/Image017-11.jpg

http://i432.photobucket.com/albums/qq42/stanleymalls/Image019-8.jpg

^^ That is only Tower 1. This Oct pa groundbreaking ng Tower3 (the 2nd tower to be built).

There will be further road widening in Nueva Ecija St. SM bought right of ways here. It will be also the main entry road for Grass, since Misamis St for sure will be masikip especially during SM NoE Sale. Not sure if these roads will be one-way, though.


http://img513.imageshack.us/img513/4310/slide3edited.jpg

how much ang transfer ng unit ownership from 1 buyer to another?

when will tower 1 be ready for occupancy and turn over?

how much ang transfer ng unit ownership from 1 buyer to another?

^^just to give u an idea..for the beacon in makati, it's 10k for the transfer of rights. hope this helps @superboy.

when will tower 1 be ready for occupancy and turn over?


Hi, SuperBOy. Tower1 topping off will Dec2009. Turnover will Dec 2010.

aziza thanks! for SM how much ang transfer fee?

^^just to give u an idea..for the beacon in makati, it's 10k for the transfer of rights. hope this helps @superboy.

thanks! :banana:

aziza thanks! for SM how much ang transfer fee?

I dont know yet, but i will ask and let you know. 28F na ang T1.

Promo for May 2009: There is an additional 8% discount on top of standard discounts applicable to all 2BR units from the 20th floor and up.

Hello aziza any promo now instead of a price increase hehehe.

Could you please give a quotation for a 2 bedroom unit upper floor? My email is josh72201@yahoo.com.

Thanks
Joven

^^This 8% ongoing discount promo is applicable sa Tower 1 which will be delivered on Dec2010. Walang promo now sa T3 (Dec2012, TO date). Sent you a PM, josh.

how much na ba ngayon ang tower 1 unit with discount? PM me please... thanks.

how much na ba ngayon ang tower 1 unit with discount? PM me please... thanks.

PMed you, SuperBoy.

^^This 8% ongoing discount promo is applicable sa Tower 1 which will be delivered on Dec2010. Walang promo now sa T3 (Dec2012, TO date). Sent you a PM, josh.

hello aziza,
vatable ba ang 2br units sa tower1 20th floor & up?
rgds/nats

hello aziza,
vatable ba ang 2br units sa tower1 20th floor & up?
rgds/nats

Hi, eagleten. Yes, vatable yung 2br bec more than 2.5M na.

I went to the site today with a balikbayan SSC co-forumer. Chatted with Mr. Araneta, the Project Director. He informed us that there will be another price increase. Sked: T1 - Sept7, T3 - Sept15. Price may increase for every 200 units sold.

Hi, eagleten. Yes, vatable yung 2br bec more than 2.5M na.

I went to the site today with a balikbayan SSC co-forumer. Chatted with Mr. Araneta, the Project Director. He informed us that there will be another price increase. Sked: T1 - Sept7, T3 - Sept15. Price may increase for every 200 units sold.


Tnx aziza.

Vatable na yung 2BR kc above 2.5M. The 8% discount was to somehow offset the 12% VAT. But if you will compute, may 4% pa rin remaining. That would be around 140,000. Sayang din yun. Better priced ang 2BR combined.

http://img55.imageshack.us/img55/8059/qccbd.jpg

^^ QC-CBD is great for Grass investors Aziza1121! :okay: :okay:

Hi, ruralvillage. Just sharing what Grass investors will enjoy being part of in the near future. Im sure you already know that...:)

See you soon! :cheers:

Sana nga para naman nde lahat kailangan pumunta pa sa Makati or Ortigas. I hope one day, workplace will just be walking distance lang from Grass.

aziza we purchased a 3 bedroom unit here sa tower 3, ask ko lang ok ang mga amenities and all ang worry ko nalang ngayon is safe ba meaning ang security ba dito mahigpit? and hindi ba dudumi agad,magiging maintained ba ang facilities?

Hi, eagleten. Yes, vatable yung 2br bec more than 2.5M na.

I went to the site today with a balikbayan SSC co-forumer. Chatted with Mr. Araneta, the Project Director. He informed us that there will be another price increase. Sked: T1 - Sept7, T3 - Sept15. Price may increase for every 200 units sold.


Hi Aziza, how much is the 1-BR with balcony at tower-3 w/o price increase? from what ive read so far, dp is payable in 36 months and the balance payable after 36mos? thanks a lot

Sana nga para naman nde lahat kailangan pumunta pa sa Makati or Ortigas. I hope one day, workplace will just be walking distance lang from Grass.

There's a BPO office located in SM Annex which recently opened. Here's the link:

http://investphilippines.org.uk/outsourcing/135.html


aziza we purchased a 3 bedroom unit here sa tower 3, ask ko lang ok ang mga amenities and all ang worry ko nalang ngayon is safe ba meaning ang security ba dito mahigpit? and hindi ba dudumi agad,magiging maintained ba ang facilities?

Hi, vanlei. CB Richard Ellis (CBRE) Philippines will be the Property Management Group of Grass. They are ISO Certified http://www.teamasia.com/pr/PR_clientnews.asp?art_no=427. Personally, I cant attest to CBRE's quality of Asset Services (property and facilities management) since I dont have first-hand experience of it. I know popular sila worldwide. Maybe someone among our SSC co-forumer could share some idea about CBRE style of asset/property management.

Here's their homepage:
http://www.cbre.com.ph/cbrecontent/philippines/property_management/pm.htm

In addition, Mr. Ronnie Araneta, Grass Project director himself who also has units here, will be the President of Board of Directors or Condo Owners Assoc (not sure which, but sure he'll be President). He personally guaranteed that Grass residents will be well taken cared of. This is his baby project. He told us his plans for the whole Grass community, but it has to be official kasi before I share it here. Baka you'll hunt me if nde nangyari. :storm: Better to underpromise but overdelivered, than overpromise but underdelivered (ay, tama ba yung sentence construction ko?...hehehe).

Hope I was able to help.

Hi Aziza, how much is the 1-BR with balcony at tower-3 w/o price increase? from what ive read so far, dp is payable in 36 months and the balance payable after 36mos? thanks a lot

Once pa lang nag-price increase ang T3. For a 1BR with balcony, around 70-80k ang price difference from the old price. For a 2BR, it was 150k.

Yes, you are right. The 20% DP is payable in 36mos. The 80% balance, thru bank financing. This is the best payment term for T3.

There's a BPO office located in SM Annex which recently opened. Here's the link:

http://investphilippines.org.uk/outsourcing/135.html




Hi, vanlei. CB Richard Ellis (CBRE) Philippines will be the Property Management Group of Grass. They are ISO Certified http://www.teamasia.com/pr/PR_clientnews.asp?art_no=427. Personally, I cant attest to CBRE's quality of Asset Services (property and facilities management) since I dont have first-hand experience of it. I know popular sila worldwide. Maybe someone among our SSC co-forumer could share some idea about CBRE style of asset/property management.

Here's their homepage:
http://www.cbre.com.ph/cbrecontent/philippines/property_management/pm.htm

In addition, Mr. Ronnie Araneta, Grass Project director himself who also has units here, will be the President of Board of Directors or Condo Owners Assoc (not sure which, but sure he'll be President). He personally guaranteed that Grass residents will be well taken cared of. This is his baby project. He told us his plans for the whole Grass community, but it has to be official kasi before I share it here. Baka you'll hunt me if nde nangyari. :storm: Better to underpromise but overdelivered, than overpromise but underdelivered (ay, tama ba yung sentence construction ko?...hehehe).

Hope I was able to help.

Sila din nagmamanage ng SM Mezza. hmm..nasa 3 months pa lang naman kami sa place and wala naman ako mairereklamo. Yung janitorial at security services nila thru agency. Then sa lobby namin they have doorman, receptionist and another security guy. May staff sla assigned sa elevator aside from general maintenance na for plumbing and electrical. Pag may reklamo mabilis naman sila kumilos, at i like their security system. Mahigpit pero tama lang kasi pag ask mo sla about ex. kids or parents ko, may sagot talaga sila. May lifeguard sla assigned in 2 shifts at well maintained naman ang pool ng Mezza. Yung sa office side ng CBRE naman, accomodating din sila.

^^Shokran (Thank you), ningnicole, for that very helpful insight about CBRE. In my opinion based sa sharing mo, so far na-meet naman ng CBRE the required and expected services from them. And besides, SM wont contract them if nde sila okay. SM din ang masisira pag pumangit Residences nila.

^^Shokran (Thank you), ningnicole, for that very helpful insight about CBRE. In my opinion based sa sharing mo, so far na-meet naman ng CBRE the required and expected services from them. And besides, SM wont contract them if nde sila okay. SM din ang masisira pag pumangit Residences nila.

Af-wan (you're welcome) Aziza. I think thats the best move that SMDC did, providing property management assistance particularly sa 1st year ng building. It is important kasi may system agad then bahala na later ma form na homeowners to continue such. Plus free pa yung insurance (1 year), so next year pa kami kuha ng own insurance namin. And until now di pa daw nababawasan 6mos hoa fees we paid - meaning free all services/amenities we are gettting since June :banana:. Di pa naman kasi tapos all amenities (gym, playground, etc.) so fair enough lang. Lahat kasi ng nakadalaw na friends/relatives ko sa amin, all praises. Lets see later :lol:

GRASS RESIDENCES Open House on Sept 27, Sunday at 3pm. Additional 1% discount for all buyers applicable on that day alone. Pls PM me your name if you are interested to come. See you there!

Grass as the only hi-rise building behind SM NoE. No view obstruction.

http://img38.imageshack.us/img38/7558/grass1.jpg
Taken from SM NoE Devt thread. Pic by mhe-ann

^^Open House was resked. New date will be announced. Thanks!

Just wondering lang kung binaha ang ground floor ng Grass during the storm... I know people shouldn't get worried dahil high-rise building sya and nde aabot sa higher floors pero what about yung sorrounding area around it.

same question,binaha ba? coz we experienced mabaha pero first floor lang naman here in qc,so we are worried baka naman bahain ang area?

^^I have no idea, but I'll check tomorrow and will let you know guys. I just got online. Ngayon lang kc naayos electricity here sa house namin.

^^^ glad to here that everything's ok with you.

aziza what happened na? binaha ba? kasi buong north edsa baha raw e

Nice Project :okay:

aziza what happened na? binaha ba? kasi buong north edsa baha raw e

Hi vanlei. Sorry for the late update. Nag-evacuate kc kami in prep for Typhoon Pepeng. I called the clubhouse and my manager in SMDC to inquire about the situation nung Typhoon Ondoy. Sabi nila, nde naman daw binaha kc mataas daw ang area. I know you wont be satisfied with that feedback so I went to the site myself. I have to see for myself, anyway.

I went today and asked around from the residents dun sa labas, kung binaha ba ang side streets. Accdg dun sa napagtanungan ko na ale from a sari-sari store just in front of Grass' gate, nde daw talaga sila binaha. Mataas daw ang lugar.

Taken from outside
http://img340.imageshack.us/img340/8219/dsc05511.jpg

http://img522.imageshack.us/img522/3807/dsc05512j.jpg


Tower1
http://img33.imageshack.us/img33/2276/dsc05513r.jpg

http://img401.imageshack.us/img401/9605/dsc05515q.jpg

http://img202.imageshack.us/img202/9293/dsc05516.jpg

http://img29.imageshack.us/img29/4370/dsc05517u.jpg


Mauiboy, gawa na yung units mo. Yehey!

thanks for the update, aziza. at the rate that the works are going, mukhang it will be an early turn-over for the Grass which is what I'm really hoping for.

Thanks Aziza for personally investigating on this. I hope everyone gets to be ok already after Ondoy.

As per the construction, I'm personally happy with the way this project is being managed. I hope SMDC will take notice and correct if there were indeed any concerns regarding flooding that time on Grass. I'm sure nde naman nila papabayaan given the Market value of this project.

thanks aziza and i hope you and your family are all ok now,glad with your updates on grass:)

aziza do know when they begin work on tower 3

thanks aziza and i hope you and your family are all ok now,glad with your updates on grass:)

Thanks vanlei for the concern. Buti na lang hanggang 4th floor house namin. Under water ang whole ground floor kaya nung humupa ang baha, natagalan pa bago naayos circuit breakers.

Im glad to update you here,guys. Have a nice weekend.


aziza do know when they begin work on tower 3

Hi, ejay05. Tower 3 groundbreaking will be on October 2010. Inip ka na ba? ...hehehe...

aziza can you send me the full list of furnishes that will be included in the hand over date for 1 bedroom with balcony in tower 3 thank you

aziza can you send me the full list of furnishes that will be included in the hand over date for 1 bedroom with balcony in tower 3 thank you

Sure ejay05. Will PM the list to you now.

thanx for the info again aziza:)

There’s nothing more refreshing than the sight of trees, grass and blue water. That’s why Grass Residences is a distinctive condominium development that devotes an expansive 75% of its total area to create an ambience of verdant nature in the city. Imagine the joys of living and playing amidst 2.5 hectares of green space designed for you and your family’s outdoor recreational pleasure and relaxation. Feel at one with nature even while indoors. Each condo unit at Grass Residences is specially designed to bring the outdoors in, with louvred doors and picture windows that allow you to take advantage of fresh air and natural light.

Check out our airy but still amazingly affordable one-bedroom, two-bedroom and three-bedroom units. And enjoy the lushness of condo living--with plenty of room for your family to grow.

Facilities and Amenities:

- 2.5 hectare recreation area and garden
- 5 swimming pools
- Pavilion and cabana
- Playground
- Sculpture displays
- Water cascades
- Covered full-sized basketball court
- 6 Taraflex badminton courts
- Parking area
- Clubhouse with multipurpose hall, function rooms, fitness suite, exercise hall, lounge and gymnasium

For inquiries and unit reservations, contact eGROUP PROPERTY HOLDINGS INC. (c/o Ameliese S. Evaristo or Delia Manese) at 812-0973 or visit website www.egroup-ph.com (http://egroup-ph.com/holdings/index.php?action=listingview&listingID=27)


Oh my God. Sabi sa akin ng SMDC itong Delia Manese na ito cant sell SMDC properties anymore because of what happened to me. Mukhang pinaikot lang ako. http://www.skyscrapercity.com/showthread.php?t=253220&page=14

:bash: Aziza do you know them personally?

^^I dont know them. Madami talaga accredited individual brokers and broker houses ang SMDC. Minsan nagkakasabay-sabay kami sa office, but iba-iba kasi ang Broker Liaison Manager per project. Si Ms. Sheila Borromeo ang Broker Liaison Manager ng Mezza and Princeton Residences. Siya ang SMDC contact namin for these 2 projects. Sya ba ang nakausap mo from SMDC?

Too bad it happened to you.

^^I dont know them. Madami talaga accredited individual brokers and broker houses ang SMDC. Minsan nagkakasabay-sabay kami sa office, but iba-iba kasi ang Broker Liaison Manager per project. Si Ms. Sheila Borromeo ang Broker Liaison Manager ng Mezza and Princeton Residences. Siya ang SMDC contact namin for these 2 projects. Sya ba ang nakausap mo from SMDC?

Too bad it happened to you.

nireklamo ko kasi yang e group na yan particularly yang delia na yan for issuing check with forged signature. puwede nga idemanda pero medyo nag lie low muna kasi that time kasi sabi smdc inaaksyunan naman daw. at they told me suspended yan or what tapos ayan na naman - contact person na naman pala sya.:bash: crazy!

nireklamo ko kasi yang e group na yan particularly yang delia na yan for issuing check with forged signature. puwede nga idemanda pero medyo nag lie low muna kasi that time kasi sabi smdc inaaksyunan naman daw. at they told me suspended yan or what tapos ayan na naman - contact person na naman pala sya.:bash: crazy!


If she forged your signature, chances are, she must have stolen your checkbook as well. Otherwise, the checks she allegedly issued bearing your forged signature belonged to other person's account.

Really crazy. :ohno:

If she forged your signature, chances are, she must have stolen your checkbook as well. Otherwise, the checks she allegedly issued bearing your forged signature belonged to other person's account.

Really crazy. :ohno:

i dont know whose account is that basta naisulat nila name ko at forges my signature and submitted it sa smdc. kasi when i went home once and paid my reservation kinulang checks ko. eh pabalik nadin ulit ako sa country of work ko. kako balik naman ako ulit in 6mos lang eh i issued naman parang 15 out of 24 checks lang. ayun siguro sa kaswapangan na makuha agad income nila she did that without advising me! worst, nung nagsubmit na ako ng remaining tseke, di nila pull out checks nila, so may time na nagkasabay na tseke. tapos i was questioned by smdc na may bad checks ako. crazy kasi nakakaltasan naman ako sa real checks ko. :ohno: kawawa naman mabiktima niyan. ito naman smdc nasabihan ko how poor naman ng QC nila. obviously magkaiba signature ko sa real checks ko sa other checks submitted. then di ba sila taka at nagiba ng bank. they have all my contact details. kako kalaking company eh naloloko ng ganun lang. i bought a property sa stateland din - much smaller company pero may system. :drunk::crazy2::weird::soapbox:

^^I dont know them. Madami talaga accredited individual brokers and broker houses ang SMDC. Minsan nagkakasabay-sabay kami sa office, but iba-iba kasi ang Broker Liaison Manager per project. Si Ms. Sheila Borromeo ang Broker Liaison Manager ng Mezza and Princeton Residences. Siya ang SMDC contact namin for these 2 projects. Sya ba ang nakausap mo from SMDC?

Too bad it happened to you.

Aziza paki bigay naman email ni sheila borromeo ulit. kasi official email gamit ko dati when emailing her. lumipat na ako ng office so wala na ako copy. iemail ko lang sheila, why andyan na naman yang girl na yan.

Aziza paki bigay naman email ni sheila borromeo ulit. kasi official email gamit ko dati when emailing her. lumipat na ako ng office so wala na ako copy. iemail ko lang sheila, why andyan na naman yang girl na yan.

Will PM it to you.

developers kasi sometimes dont really require that the checks are from you personally. ang alam ko, any checking account except that of the broker's/agent's they will accept. Baka naman they are banned from selling from SM na pero they still sell them through another person. Kasi it happened na before when there was this group of people who wanted to be accredited with us. when we did a background check (kaduda-duda talaga sila), it turnded out na they were banned from selling na, not just with SMDC pero with other developers din.

Yes, it's true. May endorsement naman sa likod ng check, kaya no problem even nde buyer's name ang checking acct.

But she is obviously selling SMDC projects upfront. Naka-advertised pa name nya. It gives ningnicole an impression na parang walang saysay yung complaint nya against her. To think, pwede pang maulit sa co-SSC forumers yung nangyari sa kanya. She's sharing the warning.

developers kasi sometimes dont really require that the checks are from you personally. ang alam ko, any checking account except that of the broker's/agent's they will accept. Baka naman they are banned from selling from SM na pero they still sell them through another person. Kasi it happened na before when there was this group of people who wanted to be accredited with us. when we did a background check (kaduda-duda talaga sila), it turnded out na they were banned from selling na, not just with SMDC pero with other developers din.

Well, my name is written in the checks they gave to smdc and signed by ME as well - they forged it! Obviously malayo sa pirma ko sa real checks I submitted sa smdc at nakakapagtaka di man nila nacheck how that happened? A new bank, checks and different signature? Maiintindihan ko naman sila if after sila sa money/commission but they could have tap me and say na magsubmit muna sila ng ibang checks in my behalf pero pag andyan na mga kulang kong checks then they can witdraw those. Very simple! :bash: Pero inabot ng pagka ganid sa pera. At itong babaeng ito she did not even contact me to apologize! Only smdc is dealing with me. I got a short email from their president but so trivial. Anyway, I wrote to Sheila already and no replies. Mukhang I smell something. I will raise it to higher management if wala ako ng makuhang reply sa level niya.

^^Ning, ok si Ms. Sheila. May concern siya sa mga buyers ng SMDC. Just recently, she brought to the other department's attention some concern of Mezza owners. Nakalimutan ko na specifically kung ano yung problem, but she was asking this girl to look at it at once. I was there in the office nung nag-usap sila. She's very helpful and accommodating. I witnessed this already. Kahit nga nde nya project, she's all-support lalo na pag openhouse. Anyway, I can ask her if na-receive nya email mo. Just PM me the date you sent it your email, subject and your email add/full name, and I will let you know asap.

^^Ning, ok si Ms. Sheila. May concern siya sa mga buyers ng SMDC. Just recently, she brought to the other department's attention some concern of Mezza owners. Nakalimutan ko na specifically kung ano yung problem, but she was asking this girl to look at it at once. I was there in the office nung nag-usap sila. She's very helpful and accommodating. I witnessed this already. Kahit nga nde nya project, she's all-support lalo na pag openhouse. Anyway, I can ask her if na-receive nya email mo. Just PM me the date you sent it your email, subject and your email add/full name, and I will let you know asap.

hi... i just want to know d status of Grass res. after typhoon Ondoy& Pepeng? di ba binaha ang lugar na i2?? co'z i'm planning to invest 1 bedroom unit near d amenities esp. swmm. pool & HIGHER floor?? high rise bldg. ba i2? How many Floors? FA? PRE-SELLING PRICE??? any recommended TRUSTED Broker?? huwag lang sana mapunta s mga manlolokong BROKER plsss. 2lad ng mga reklamo rito s THREAD. THANKS:):cheers: roma822@gmail.com

^^Ning, ok si Ms. Sheila. May concern siya sa mga buyers ng SMDC. Just recently, she brought to the other department's attention some concern of Mezza owners. Nakalimutan ko na specifically kung ano yung problem, but she was asking this girl to look at it at once. I was there in the office nung nag-usap sila. She's very helpful and accommodating. I witnessed this already. Kahit nga nde nya project, she's all-support lalo na pag openhouse. Anyway, I can ask her if na-receive nya email mo. Just PM me the date you sent it your email, subject and your email add/full name, and I will let you know asap.

Thanks Aziza, pero i will wait muna for her reply. I know how "good" she is pero im really interested why this lady is out there again.

hi... i just want to know d status of Grass res. after typhoon Ondoy& Pepeng? di ba binaha ang lugar na i2?? co'z i'm planning to invest 1 bedroom unit near d amenities esp. swmm. pool & HIGHER floor?? high rise bldg. ba i2? How many Floors? FA? PRE-SELLING PRICE??? any recommended TRUSTED Broker?? huwag lang sana mapunta s mga manlolokong BROKER plsss. 2lad ng mga reklamo rito s THREAD. THANKS:):cheers: roma822@gmail.com

Hi, crossroads. Nde binaha ang Grass Residences even the streets around it. Mataas ang lugar. I went there personally to investigate.

Will email you Grass details.

Hi, crossroads. Nde binaha ang Grass Residences even the streets around it. Mataas ang lugar. I went there personally to investigate.

Will email you Grass details.

THANKS..i'll wait 4 ur email regarding PRICES, etc,.. in Bldg. 3, 1 Br. Or 2 Br all w/ Balcony, Higher Floor,. nice view of amenities..TNX PRE_SELLING pa ba? any available units pa in Bldg. 1 & 2?? i heard that Bldg. 3 already a fully furnished deal? i think preferred ko p rin semi-furnished kc SOHO central fully furnished condo. dami reklamo? :ohno:mas O'K n yun bibili ng sarili mong gamit & interior..and i also consider FIELD Res. in Sucat Paranaque behind SM. any INPUTS magkano assoc. dues s mga SM finished project nila like MEZZA?? THANK U.

Well, my name is written in the checks they gave to smdc and signed by ME as well - they forged it! Obviously malayo sa pirma ko sa real checks I submitted sa smdc at nakakapagtaka di man nila nacheck how that happened? A new bank, checks and different signature? Maiintindihan ko naman sila if after sila sa money/commission but they could have tap me and say na magsubmit muna sila ng ibang checks in my behalf pero pag andyan na mga kulang kong checks then they can witdraw those. Very simple! :bash: Pero inabot ng pagka ganid sa pera. At itong babaeng ito she did not even contact me to apologize! Only smdc is dealing with me. I got a short email from their president but so trivial. Anyway, I wrote to Sheila already and no replies. Mukhang I smell something. I will raise it to higher management if wala ako ng makuhang reply sa level niya.

i asked a friend (off the record of course) from SMDC if they know about that broker, turns out, kilala nila yung broker group na yun and alam nila na banned sila. Shiela is accomodating din naman. if ever you dont get replies from her, and medyo nainip ka, maybe you can also call the head of the broker's network, baka din kasi busy si shiela kasi dalawang project hawak nya ngayon.

i asked a friend (off the record of course) from SMDC if they know about that broker, turns out, kilala nila yung broker group na yun and alam nila na banned sila. Shiela is accomodating din naman. if ever you dont get replies from her, and medyo nainip ka, maybe you can also call the head of the broker's network, baka din kasi busy si shiela kasi dalawang project hawak nya ngayon.

Well yung nagpost na Eurasia is not replying here. Buti naman nanahimik. So beware lang sa mga buyers!!!

Well yung nagpost na Eurasia is not replying here. Buti naman nanahimik. So beware lang sa mga buyers!!!


Good job Ning,kahit kailan maasahan ka.Thanks for sharing this so the buyers will be aware of who they'll be dealing with.

SMDC is one of the most reliable developer as of now kaya lang nasisira lang ng mga scammers kaya you might be saving a lot of
buyers out there to easily invest their hard earned money.Ang ganda rin ng Grass kaya congratulations sa mga investors!.

Good job Ning,kahit kailan maasahan ka.Thanks for sharing this so the buyers will be aware of who they'll be dealing with.

SMDC is one of the most reliable developer as of now kaya lang nasisira lang ng mga scammers kaya you might be saving a lot of
buyers out there to easily invest their hard earned money.Ang ganda rin ng Grass kaya congratulations sa mga investors!.

Hi Baphi! Musta na. To all, sumagot na nga pala si Sheila to me confirming that Delia is banned na sa SMDC. Kaya yung nagpost nun, sana iretract na nya. And yun nga sa potential buyers, ingat kayo.

Grass T1:

Tuloy ang Dec 2009 topoff
Constructing 33rd floor na
Grand hotel style Lobby at 1,800sqm FA
While construction ongoing in the higher floors, finishings are already starting in the ground.


GrassT3:

Groundbreaking - Nov 2009
Clearing has started already
40% sold after 3-1/2 months

GRASS as a whole:

Own Nawasa line
Own cistern tank (catchment tank)
Secondary cistern tank in roofdeck thus water will fall by gravity -- no problem with low water pressure in higher floor units.

2010 Turnover Deliverable amenities:

Olympic-size pool
2 kiddie pools
Bridgeway
Parking Building A
Clubhouse (will be remodelled)

thanks for the update. really so excited to see how Grass will turn out.

Oo naman. Ikaw pa! :)

Here's some pics taken yesterday, Oct17,2009....

33rd floor na. You can see your units na, mauiboy?
http://img32.imageshack.us/img32/9543/dsc05651n.jpg

Finishing already started in the ground
http://img30.imageshack.us/img30/3792/dsc05653q.jpg

View of T1 from clubhouse
http://img198.imageshack.us/img198/1888/dsc05656xk.jpg

T3 40F (PH) Floor Plan. See the location of SkyLounge
http://img43.imageshack.us/img43/2756/dsc05660x.jpg

Grass Logo in the Clubhouse
http://img340.imageshack.us/img340/6120/dsc05665c.jpg

http://img23.imageshack.us/img23/3685/dsc05664n.jpg

Illuminated Clubhouse at Night
http://img39.imageshack.us/img39/1262/dsc05667x.jpg

http://img29.imageshack.us/img29/2729/dsc05668ef.jpg

^^Due to Typhoon Ondoy, Open House was resked. New date will be announced. Thanks!

New sked: Open House on Sunday, October25 at 1PM. Additional discount of 1%.

guys may tanong ako, yung sa T3 1BR unit with balcony, pano yung door from the bedroom to the balcony? sliding ba? or typical door? san gawa yung door? wood ba? glass? can anyone share any details regarding the matter?

i have question regarding T3 1BR unit with balcony. pano ba yung door from the bedroom to the balcony? sliding ba? or regular door? san gawa yung door? wood? glass? any details regarding the matter would help. thanks! i'm just new here and this is my very first forum ever so i'm still familiarizing with the interface :-)

aziza, sa T3 lahat ba ng 1BR unit facing amenities sold out na ba? with balcony ba yun?