ORTIGAS CENTER | My Place Ortigas [24F|res] [Archive]

buttdoctor

October 22nd, 2010, 05:33 AM

Price is indeed a head turner. 4 elevators serving twenty seven floors isn't too bad. What lengthens elevator waiting time is number of stops (floors) more than number of users per floor. So a 40 story building with 6 elevators would probably have a person waiting much longer in the lobby compared to a 27 story building with 4 elevators.

We have this problem in our office building and usually elevator zoning helps. Manual operators are also helpful (they can cancel erroneously or frivolously pressed buttons and close the elevator doors faster compared to auto mode and also prevent people from keeping the elevator doors open for an unreasonable length of time). Distance from unit to elevator lobby on a floor is another story though. I concur with the concern, e.g. walking with a load from elevator to a unit 53 or 54

Back on topic, the price per square meter is low for the vicinity. I wonder if this project will sell as fast as Jazz?

cool_78

October 24th, 2010, 12:33 PM

Nice! The price is indeed competitive. Can anyone confirm if the location posted by miss aziza is indeed the site?

Aziza1121

October 24th, 2010, 04:08 PM

^^I made a mistake there. The address is Meralco Avenue, Barrio Ugong, Pasig City. The one I posted (wikimapia) is J.Vargas. Cyrusal is more correct.

@magicpips: LOI stage pa lang. But interested buyers can choose na and reserve their preferred unit. Reservation check will be postdated and wont be deposited without LTS issuance. 38 units have been reserved already in 4days. You are correct with your description of a bare unit. It's a shell unit. Puro abang lang.

magicpips

October 25th, 2010, 06:51 AM

Thanks for the info, Aziza1121 :)

cool_78

October 25th, 2010, 10:17 AM

Thanks ms. aziza :) I'll will be checking out the megatent area to evaluate the location. Is the 20% down payment payable in 3 years @0% interest will be offered here as well?

richard24

October 25th, 2010, 10:40 AM

nope, not megatent daw. Megatent daw is gonna be by Alveo next year.

cool_78

October 25th, 2010, 10:48 AM

Oh I see richard24, so it's gonna be located at the back of renaissance center then?

richard24

October 25th, 2010, 11:42 AM

^^ no idea. pero ang sabi lang sakin nung isang taga Alveo, sa kanila na daw ang Megatent. :)

Aziza1121

October 26th, 2010, 05:27 PM

http://img830.imageshack.us/img830/4488/wikimap.jpg

Entrance is in Renaissance Center.

cyrusal

October 26th, 2010, 06:34 PM

its seems that the whole patch of land was sold by Fil-estate, and their planned 4th Rennaisance installment (4000?) was scrapped.

btw, it was nice meeting you @aziza.

magicpips

October 26th, 2010, 08:39 PM

Aziza, do you have info on when the target turnover of this project will be?
Also, just want to ask if there's a garbage chute or garbage room per floor in SM developments such as this project?

Aziza1121

October 27th, 2010, 04:23 PM

^^Between 2013 and 2014. Definitely garbage rooms, but no info yet if available in each floor. Will ask.

cyrusal

October 28th, 2010, 09:33 AM

This is the location of My Place Ortigas, IMO this is an ultra prime location for a low-cost project considering OCC, Tektite and Antel bldgs are just a stone's throw away. Megamall's distance is only a 10-minute walk too. MPO will also utilize Rennaissance gate as the main entrance. How cool is that?

http://www.cpsctech.org/downloads/locaton.jpg

cool_78

October 28th, 2010, 11:29 AM

I agree cyrusal, location is nice at a very reasonable price. I am considering if I will get one here. Just waiting for the payment terms to become available.

buttdoctor

October 28th, 2010, 01:17 PM

I agree cyrusal, location is nice at a very reasonable price. I am considering if I will get one here. Just waiting for the payment terms to become available.

I think the payment terms are already available. Ask the agents in this forum. As is the case with smdc, the terms are very light and jazz right to get your own place.

cool_78

October 28th, 2010, 01:24 PM

Thanks buttdoctor, I do hope the 20% down @0% payable in 3 years is also available here :cheers:

buttdoctor

October 28th, 2010, 07:31 PM

Hehe, just trying to keep a smile on people's faces. Very inexpensive for the area and there are payment terms which keep an investor's exposure to a minimum. I took the plunge and asked my agent to reserve a unit. I hope I got my orientation correct.

buttdoctor

October 28th, 2010, 07:34 PM

Thanks buttdoctor, I do hope the 20% down @0% payable in 3 years is also available here :cheers:

No I don't remember that as one of the options I was shown. But there were several and one of them was similar to that scheme. The difference is in the length of payment. 20-80, zero interest but instead of 36 months, it was just 30 months, I think.

cmg

October 28th, 2010, 09:30 PM

Also, what does design-your-own/ready-to-accept finish mean? Is it the same with bare unit without sink, tiles and toilet?

I think so! Their ad explicitly states ......

Note: All units shall be delivered in ready-to-accept finish condition. Bedroom partitions, floor tiles, cabinet, furniture, fixture and appliances shall not form part of the unit delivery and are shown for illustration purposes only.

magicpips

October 29th, 2010, 04:17 AM

@cmg--- yes, aziza confirmed it too. Just wanted to clarify coz I've seen some bare units with toilet and sink provided already. But in this case, it's really bare, pero nakaabang ang pipes and stuff daw. Interesting project...

leechtat

October 29th, 2010, 11:58 AM

zandro888

October 30th, 2010, 03:06 AM

final na ba ang name ng project na ito? My Place Ortigas?

kyoto21E

October 30th, 2010, 06:12 AM

ano mas maganda? flair towers or myplace ortigas?

cyrusal

October 30th, 2010, 07:14 AM

In terms of location, I think myplace ortigas wins. The proximity of some major office buildings, schools and entertainment areas is just within the 500m radius...

magicpips

October 30th, 2010, 10:04 AM

ryandesiderio

October 30th, 2010, 10:30 AM

I heard before that Renaissance is built on top of the fault line.
Is there any truth to this? I don't know where and how to verify if this is fact or just a rumor... How will this affect My Place geo-wise?

It's about 500 meters away from the Fault Line.

http://i863.photobucket.com/albums/ab193/ryandesiderio/PasigFault.jpg

magicpips

October 30th, 2010, 10:38 AM

It's about 500 meters away from the Fault Line.

^^ Whew! It's not on top naman pala... Thanks!

magicpips

October 30th, 2010, 10:46 AM

^^ actually, all units now will have fit outs.

ask your agents about it. for those who bought early, additional 97k includes:

Toilet and bath:
wall partition, 1 unit door, 1 unit water closet, 1 unit shower fixture, 1 unit lavatory with faucet (lavatory and faucet not avail for 16sqm units)

kitchen:
1 unit kitchen sink with faucet, 1 unit kitchen countertop

EXCLUSIONS:
floor tiles and finishes, wall tiles and finishes, ceiling and wall paint

Cool! It's a hassle to fix up a really bare unit.
At least flooring and wall paint na lang ang kailangan ayusin.
Is the 97k an additional cost on top of the total contract price published in this thread?

cyrusal

October 30th, 2010, 11:35 AM

It's about 500 meters away from the Fault Line.

Nothing to be afraid off...

1. Ortigas center sits on a bedrock. Its a fact in geology that structures built on bedrock are generally more resistant to earthquake damage than those built on loose soil. I have seen a map from PHILVOCS before showing that in case the fault line moves, the areas who will absorb much damage are those from the east of the fault line.

2. High rise structures generally are very resilient from earthquake destruction compared to lowrise buildings...

todjikid

October 30th, 2010, 01:12 PM

Aziza1121

October 30th, 2010, 02:21 PM

^^Sent you an email, todjikid.

juniordiscovery

October 30th, 2010, 02:42 PM

buttdoctor

October 30th, 2010, 05:03 PM

In terms of location, I think myplace ortigas wins. The proximity of some major office buildings, schools and entertainment areas is just within the 500m radius...

Good points. Also don't forget the price per square meter that each one is selling at right now. There is a difference between the two, hence one may represent better value over the other if you take into account the value of properties around the projects and the projected price upon turnover. I think one more than the other will appreciate more from preselling to turnover. And I think Flair represents more attraction for end users looking to get 2BR and 3BR units (families) while MPO caters more to first-jobbers and singles looking to rent or own their first place.

zandro888

October 30th, 2010, 06:17 PM

Yep, price per sqm really gives you more space and room to move about with your condo purchase budget. Its wise to check this one first and compare with your choices in the vicinity. Promos and low Downpayment are really a come on but what matters most is the size of the unit you bought, its because your unit should be useful for the long run

magicpips

October 31st, 2010, 01:49 PM

ano mas maganda? flair towers or myplace ortigas?

I think in terms of design and living, flair is better for starter families because it has more open spaces, landscaping and amenities.

But in terms of financial returns, Myplace may provide faster and higher returns as long as you keep finishing costs low. Myplace is suitable for working people and transients, in my opinion.

kyoto21E

November 1st, 2010, 02:18 PM

may renders na ba to? like itsura ng pools? ng amenities?

Aziza1121

November 4th, 2010, 03:24 PM

SM property arm eyeing three projects in China, sees P4B in profits for the year

SM Development Corp., the property development arm of the Sy mall and banking conglomerate, wants to expand operations in China.

An uptick in demand and the continuous launching of local projects will meanwhile allow the property developer to post P4 billion in net income this year, executives said yesterday.

SM Development will use P11.7 billion in fresh capital from its one-for-three stock rights offering to acquire more land, bankroll existing projects, and expand in China.

The firm yesterday listed 1.83 billion common shares in the local bourse, representing the fully subscribed shares in the rights offer from Oct. 18 to 22, priced at P6.38 per share.

“Proceeds of the stock rights offering will be used mostly for [the] purchase of new lands and construction of all our new buildings and probably some overseas expansion,” Henry C. Sy, Jr., vice-chairman and chief executive of SM Development, told reporters after the company’s listing ceremony in Makati.

“Initially, the company will receive 50% of the total proceeds from the offer equivalent to P5.8 billion, and the other 50% on or before end of May 2011,” SM Development said in a disclosure.

New projects will be built in the Philippines and abroad, officials said.

SM Development has lined up 10 projects next year worth P18 billion to P20 billion.

“[SM Development] always wants to be where SM Malls are for the convenience of our buyers. We will use this formula here and in China,” Mr. Sy said.

SM Development will build residential buildings in its two-hectare property in Xiamen and a four-hectare lot in Jinjiang. The company will spend about two billion to three billion renminbi for the two projects.

“We are already in a stage where we are finalizing [plans]. I am sure next year there will be some construction going on,” Mr. Sy said.

He added SM Development would set up a subsidiary to operate in China.

In the Philippines, the property developer still has land in Cebu, Davao, Tagaytay, and Baguio City.

Meanwhile, the firm’s newest brand, M Place (formerly My Place), which targets young professionals like business process outsourcing employees, will launch more projects next year.

There will be three more projects next year, Rosaline Y. Qua, chief operating officer of SM Development, told reporters.

New M Place condominium buildings might also be built near SM Fairview, Visayas Avenue, and Mindanao Avenue in Quezon City as well as Ortigas Center in Pasig.

Ms. Qua said that for the entire year, SM Development was eyeing P21.5 billion in sales. This will rise to P23 billion to P24 billion next year. Net income is expected to reach P4 billion this year, up by 48% from last year.

Prior to the stock rights offering, SM Development had 5.5 billion issued and outstanding common shares.

The second rights offer is “a clear manifestation of trust and confidence investors and other stakeholders have on the positive prospects of the company,” Mr. Sy said.

In January, the property developer raised some P5 billion from its first stock rights offer. In May, the property developer secured P10 billion from three- and five-year corporate notes.

At end-September, the property developer had 13 residential projects in the market. An upcoming project is Blue Residences at Loyola Heights in Quezon City.

“The market has rewarded SM Development’s sound corporate fundamentals as its market capitalization almost tripled to P65.59 billion as of Nov. 2, compared with P21.71 billion as of end of last year,” Philippine Stock Exchange Chairman Hans B. Sicat said in yesterday’s listing ceremony.

SM Development was incorporated as Ayala Fund, Inc. in 1974 before the SM Group of Companies took majority ownership of the company in 1986.

Shares in SM Development -- whose net income climbed to P2 billion in the nine months ending September from P1.4 billion in the same period last year -- closed P0.43 higher at P9.38 each yesterday. -- Neil Jerome C. Morales

MPlace Visayas and Mindanao Avenue may be tentatively launched this December.

Juan_Tamad

November 6th, 2010, 09:53 AM

MPlace Visayas and Mindanao Avenue may be tentatively launched this December.

Very good news! :banana: :cheers: :banana:

cmg

November 6th, 2010, 12:02 PM

Cool! It's a hassle to fix up a really bare unit.
At least flooring and wall paint na lang ang kailangan ayusin.
Is the 97k an additional cost on top of the total contract price published in this thread?

I think so, if its free then there shouldnt be a 97K figure to talk about.

magicpips

November 7th, 2010, 03:52 AM

@cmg---price package that I saw in another website www.myplaceatortigas.com lists the original price that's the same as what was originally posted here, but the unit deliverables include fittings and kitchen sink already. There was no mention of 97k in that website. So I'm clarifying the inconsistencies in the info. Hoping to get an official word from a broker or SMDC rep in this forum. Pero, parang di pa officially launched ang project na ito kaya ganoon. I was about to reserve a unit in another SMDC project but the agent gave me wrong info about unit deliverables and couldn't give me a list of unit deliverables in writing, so I didn't push through with the purchase. One thing I learned about investing in real estate in the Philippines, you have to investigate, do extra research, ask a lot of questions and not just rely on what your agent says or what's written in advertisements.

cmg

November 7th, 2010, 09:37 PM

It's about 500 meters away from the Fault Line.

http://i863.photobucket.com/albums/ab193/ryandesiderio/PasigFault.jpg

Hmmmmm ... It didnt occur to me that those high price houses in Valle Verde were sitting in the fault line.

cmg

November 7th, 2010, 09:52 PM

magicpips

November 8th, 2010, 04:59 PM

@magicpips --- if you're interested with this project, might as well take a second look at the cityland project. Same projected turnover date, they have the same unit layout, it's not bare and a lot cheaper. Got mine at 42.5K/sq.m located at a high floor (36th floor). Beside MRT station-Shaw Blvd, the only downside is ........ the stigma of being a CITYLAND project.

Yeah, I think better to buy a unit that's not bare para lesser hassle. Attractive lang talaga ang price kaya sinusubaybayan ko. Will check other project out :)

Aziza1121

November 11th, 2010, 06:55 AM

http://img560.imageshack.us/img560/4545/mpopaymentterms.jpg

zandro888

November 11th, 2010, 04:13 PM

Halos lahat pala ng payment terms, dapat fully paid kana in 30 months. Is that right?

BGCfan

November 25th, 2010, 06:14 PM

Nothing to be afraid off...

1. Ortigas center sits on a bedrock. Its a fact in geology that structures built on bedrock are generally more resistant to earthquake damage than those built on loose soil. I have seen a map from PHILVOCS before showing that in case the fault line moves, the areas who will absorb much damage are those from the east of the fault line.

2. High rise structures generally are very resilient from earthquake destruction compared to lowrise buildings...

From a study of U.S. Geological Survey and Phivolcs:
http://earthquake.usgs.gov/regional/pacnw/paleo/manila/index.php

Empirical relations between rupture lengths and magnitudes of historic earthquakes in similar tectonic environments also argue for earthquakes of magnitude 6-7 on the Marikina Valley fault system. The ~30-km-long northern half of the west Marikina Valley fault, whose trace is marked by young, fault-related landforms, corresponds with earthquakes of this size. Although there is a possibility that a much longer section of the fault ruptured during earthquakes as large as magnitude 7.5, landforms suggesting repeated rupture of the west Marikina Valley fault southward beyond the Pasig River have yet to be identified (Fig. 1B). The geomorphically expressed trace of the east Marikina Valley fault is even shorter (18 km long), so the chance of an earthquake larger than magnitude 7 on the faults of the Marikina Valley system seems small.

cyrusal

November 29th, 2010, 09:34 AM

MPO scale model

http://www.cpsctech.org/downloads/mpo1.jpg

http://www.cpsctech.org/downloads/mpo2.jpg

todjikid

November 29th, 2010, 11:18 AM

its not too different from the "residences" line which I guess is a good thing for this project and not so good for the "higher" end SMDC product. yung gitna niya parang SEA tapos the overall structure looks "light".

less embellished lang siya and mas konting swimming pool and i guess far too dense compared to others.

cool_78

November 29th, 2010, 11:50 AM

model looks nice. I hope they come up with an option that allows buyers to pay for the full completion of their unit rather than look for a contractor to finish it upon turnover.

todjikid

November 29th, 2010, 12:03 PM

model looks nice. I hope they come up with an option that allows buyers to pay for the full completion of their unit rather than look for a contractor to finish it upon turnover.

i think they do have that option? 97K for basic finish...
I personally like a bare unit kasi you end up changing most of it especially if the products used are at the super low end. At dun ako naiinis kasi papabaklas mo pa tapos hindi mo rin naman mabebenta ang inodoro at sink.

I think I will enjoy the bare finish, lalo na pagnakahanap ka na ng okay na contractor.

maganda sana kung ang colors na yan eh LED.

ruffaramboo

November 30th, 2010, 08:01 PM

http://www.cpsctech.org/downloads/mpo1.jpg

http://www.cpsctech.org/downloads/mpo2.jpg
:puke::puke::puke::puke::puke::puke:

Polgas

December 7th, 2010, 02:12 AM

From a study of U.S. Geological Survey and Phivolcs:
http://earthquake.usgs.gov/regional/pacnw/paleo/manila/index.php

Empirical relations between rupture lengths and magnitudes of historic earthquakes in similar tectonic environments also argue for earthquakes of magnitude 6-7 on the Marikina Valley fault system. The ~30-km-long northern half of the west Marikina Valley fault, whose trace is marked by young, fault-related landforms, corresponds with earthquakes of this size. Although there is a possibility that a much longer section of the fault ruptured during earthquakes as large as magnitude 7.5, landforms suggesting repeated rupture of the west Marikina Valley fault southward beyond the Pasig River have yet to be identified (Fig. 1B). The geomorphically expressed trace of the east Marikina Valley fault is even shorter (18 km long), so the chance of an earthquake larger than magnitude 7 on the faults of the Marikina Valley system seems small.

even if there is a 7.5 earthquake, most of the buildings in metro manila(the new ones) are rated 9.0. if the treamor would hit marikina. by the time it hits ortigas a reduction of the quake will happen so mostlikely around 7.0 at ortigas area. well below the rated capacity of the structure of the buildings.

joshstef

December 26th, 2010, 06:06 AM

ilan percent sold na ito? parang wala na update regarding this project.

keyo168

December 26th, 2010, 06:52 AM

even if there is a 7.5 earthquake, most of the buildings in metro manila(the new ones) are rated 9.0. if the treamor would hit marikina. by the time it hits ortigas a reduction of the quake will happen so mostlikely around 7.0 at ortigas area. well below the rated capacity of the structure of the buildings.

really? taga phivolc ka ba? researcher? civil engineer perhaps?

you might want to check this out.
http://www.raimongonzales.com/?p=815

joshstef

January 3rd, 2011, 04:07 AM

no update here?? may price increase na ba dito? ilan percent sold?

BGCfan

January 3rd, 2011, 05:37 PM

Yes, I believe the price increase is already in effect Jan. 3. Just waiting for the new price list to come out.

joshstef

January 4th, 2011, 04:22 AM

ilan percent sold na ito??

mike121781

January 26th, 2011, 09:55 AM

it is true that the monthly payment for the condo mplace is only P6200.00.thank you so much.anyone wants to answer my question?

cyrusal

January 28th, 2011, 04:11 PM

it is true that the monthly payment for the condo mplace is only P6200.00.thank you so much.anyone wants to answer my question?

Apart from the reservation fee and the remaining balance, I think you have to pay 22k for the first four months, by then you can start paying that very attractive figure for the next 26 months as part of the DP.

MPlace

February 4th, 2011, 02:19 AM

http://3.bp.blogspot.com/_iNTwtXMxBfY/TMRKbDFxQJI/AAAAAAAABK8/JeqG15V3CUQ/s320/myplaceatortigas.jpg
M Place at Ortigas is now semi-furnish. Kindly visit http://www.myplaceatortigas.com for more information

MPlace

February 4th, 2011, 02:21 AM

Kindly visit http://shell.smdcresidences.com and mezza2.smdcresidences.com for more information

ellisdane13

February 5th, 2011, 04:55 AM

May price increase na po ba dito recently at magkano po ba ang ang studio niya sa highest floor facing ortigas cbd?

Very respectfully,
Ellis

BGCfan

February 7th, 2011, 04:30 PM

1.1M-1.2M ang range ng price ng available studio cuts sa highest available floor facing Ortigas CBD.

MPlace

February 7th, 2011, 05:06 PM

Last January 3 may 5% increase na ang M Place at Ortigas, this February 15, 2011 magkakaroon ulit ng price increase. Very few My Studio units are left.

May price increase na po ba dito recently at magkano po ba ang ang studio niya sa highest floor facing ortigas cbd?

Very respectfully,
Ellis

MPlace

February 7th, 2011, 05:07 PM

Yes Zandro that's right.

Halos lahat pala ng payment terms, dapat fully paid kana in 30 months. Is that right?

MPlace

February 7th, 2011, 05:10 PM

Hi Cool_78, starting February 7, 2011. All units are in Basic Finish kindly visit http://www.myplaceatortigas.com/p/unit-deliverables.html for more details

model looks nice. I hope they come up with an option that allows buyers to pay for the full completion of their unit rather than look for a contractor to finish it upon turnover.

MPlace

February 7th, 2011, 05:12 PM

Yes this February 15, 2011 may 5% price increase, almost 70% of the units are on-hold. http://www.myplaceatortigas.com

no update here?? may price increase na ba dito? ilan percent sold?

MPlace

February 7th, 2011, 05:14 PM

Hindi na,nagprice increase na kasi last January 3, 2011 and this February 15, 2011 magkakaroon pa ulit ng price increase kindly visit http://www.myplaceatortigas.com for more info

it is true that the monthly payment for the condo mplace is only P6200.00.thank you so much.anyone wants to answer my question?

MPlace

February 7th, 2011, 05:17 PM

Do you email address?I'll send you sample computation

magkanu na dito ang studio unit? pls include the payment schemes. ty

MPlace

February 7th, 2011, 05:26 PM

kindly visit http://www.myplaceatortigas.com/p/sample-computation.html for more details.

@cmg---price package that I saw in another website www.myplaceatortigas.com lists the original price that's the same as what was originally posted here, but the unit deliverables include fittings and kitchen sink already. There was no mention of 97k in that website. So I'm clarifying the inconsistencies in the info. Hoping to get an official word from a broker or SMDC rep in this forum. Pero, parang di pa officially launched ang project na ito kaya ganoon. I was about to reserve a unit in another SMDC project but the agent gave me wrong info about unit deliverables and couldn't give me a list of unit deliverables in writing, so I didn't push through with the purchase. One thing I learned about investing in real estate in the Philippines, you have to investigate, do extra research, ask a lot of questions and not just rely on what your agent says or what's written in advertisements.

ellisdane13

February 7th, 2011, 05:46 PM

Thank you po.

V/r,
Ellis

MPlace

February 8th, 2011, 03:13 AM

Starting February 7, 2011, all units shall be delivered in Basic Finish also on February 15, 2011 there will be a 5% increase. Continue to visit http://www.myplaceatortigas.com once a week for updates regarding M Place at Ortigas.

ellisdane13

February 8th, 2011, 03:31 AM

Bakit po gnawing basic Finished normally ang M plAce puro bare diba?

V/r,
Ellis

MPlace

February 9th, 2011, 01:41 AM

Almost 70% are on hold.

ilan percent sold na ito? parang wala na update regarding this project.

MPlace

February 9th, 2011, 01:43 AM

Starting Feb. 7, 2011, the turnover of the unit is Basic Finish. No more BARE units by then.

model looks nice. I hope they come up with an option that allows buyers to pay for the full completion of their unit rather than look for a contractor to finish it upon turnover.

ellisdane13

February 9th, 2011, 01:54 AM

To clarify Lang po Kung nakabili kana before the 7Feb basic parin po diba.

leechtat

February 9th, 2011, 09:03 AM

FOR NEW UPDATES:
Change of payment term- The 25% over 30 mos. and 75% Lump sum was change to 20% in 30 mos. and 80% for Lump sum

License to Sell - Temporary LTS might be release by 3rd week of Febuary checks can still be dated Feb 15, 2011

SHOWROOM - For now we share MPlace South triangle showroom located at Panay ave. Octo arts building.

For SM Megamall showroom target date is MAY 2011.

EXPECTED TURNOVER - Last quarter 2013 - 1st quarter 2014

PRICE ADJUSTMENT was implemented last JANUARY 3 2011.

MPlace

February 12th, 2011, 02:38 PM

Madaming client kasi ang nagrerequest

Bakit po gnawing basic Finished normally ang M plAce puro bare diba?

V/r,
Ellis

MPlace

February 12th, 2011, 02:40 PM

yes basic pa din

To clarify Lang po Kung nakabili kana before the 7Feb basic parin po diba.

MPlace

February 12th, 2011, 02:43 PM

yes thats right

To clarify Lang po Kung nakabili kana before the 7Feb basic parin po diba.

jaleelmikkel

February 13th, 2011, 09:24 AM

SM property unit bares record profit

AN UPTICK in demand in the property sector pushed profits of listed SM Development Corp. to a record P3 billion last year, the company told the local bourse on Friday.
The residential development arm of Henry Sy’s mall and banking conglomerate posted a 62% surge in net income from P1.9 billion in 2009. "Noteworthy 2010 results were due in part to the further completion, sustained warm market acceptance of SM Residences and MPlace units, and high customer satisfaction for the company’s various projects," SM Development said.

"Favorable economic conditions prevailing in the Philippines during the year also supported SM Development’s positive performance," it added.

Profits from real estate operations grew by 66% to P2.6 billion. Consolidated revenues climbed by 74% to P10 billion, SM Development said. Last year, SM Development pre-sold 10,338 residential units worth approximately P21.8 billion, higher by 129% from the previous year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) -- an indicator of cash flows for highly leveraged firms -- reached P3.7 billion, or an EBITDA margin of 40%.

"The strong results achieved by SM Development in 2010 attest to the proven viability of its business model, which is to provide high quality residences in strategic locations at affordable price points," Henry C. Sy, Jr., vice-chairman and chief executive of SM Development, told reporters.

To date, the property firm has a portfolio of 14 residential projects, 13 of which are in Metro Manila. Last year, the company launched its new brand, MPlace, which targets young professionals like business process outsourcing employees. "With many of its residential projects nearly sold out, SM Development plans to unveil five new projects this year," the company said.

Last month, Mr. Sy said the property developer was looking at raising as much as P10 billion through the equity market in the first half to bankroll expansion here and in China. The firm expects profits this year to reach more than P4 billion.

Shazzam

March 9th, 2011, 05:15 AM

Can someone here please tell us how is the access to the project?

http://i246.photobucket.com/albums/gg108/vavaboom2k7/IMG_3114.jpg

And what are those unfinished structures at the back?

BGCfan

March 10th, 2011, 01:25 PM

Access will be the same as that of Renaissance towers along Meralco Avenue as it is still part of the Renaissance complex. I think it's part of the deal between SMDC and Fil-Estate when the former purchased the lot. The structure at the back, I believe, is St. Paul Pasig's property. In front of it (with protruding steel bars), that I don't know. But probably it's Renaissance's.

cyrusal

March 12th, 2011, 11:06 AM

The main disadvantage of this location is poor pedestrian access to Ortigas CBD. Unless MMDA will do something in its impounding site like selling it to another developer, giving ample pedestrian space along Meralco Ave., or simply putting a footbridge from Rennaisance Center to Benpres area, it will be a hell for people who walk.

margaux

March 25th, 2011, 11:47 AM

Hi. Just learned from my agent that license to sell will be released on may 15. Initially it was on feb 15, then april 15..what's the impact of this on the turn over date??

Shazzam

March 31st, 2011, 08:25 AM

ellisdane13

April 9th, 2011, 12:20 AM

Tutuo o bang basic finish na ito o bare parin like my place at south triangle

BGCfan

April 9th, 2011, 07:24 AM

Wouldn't that be this same project then? It's possible, if indeed there was a deal between Fil-estate and SM. But I maybe wrong.....

Probably it's still part of the deal. But the site dev't aerial view/pic earlier sent by their marketing doesn't show that it's going to extend up to the St. Paul Pasig border.

Tutuo o bang basic finish na ito o bare parin like my place at south triangle

As far as I know, it would be basic finish for those who got a unit from early-mid Feb onwards (forgot the exact date). And to those who purchased before that, they can get a basic finish with an additional charge.

Hi. Just learned from my agent that license to sell will be released on may 15. Initially it was on feb 15, then april 15..what's the impact of this on the turn over date??

I was told that turnover date would be end of 2013. But I feel that it's going to be more than that if the license to sell keeps on getting delayed. But then again, it's just one tower with 20+ floors so who knows, it could still be within 2013. :)

joshstef

April 11th, 2011, 04:56 AM

i have a unit here at the 7th floor overlooking antipolo, im planning to sell it with only Php20k profit, anyone interested to assume my unit? i got mine for only Php1.2m just assume it. pm me if interested.

makatiprime

April 11th, 2011, 11:25 AM

hahahaha,nangyari na yan sa akin sa sm, buyer ako sa my place qc, nakakafrustrate kaya ibenenta ko sa pinsan ko...nadown ko noon (studio)around 75,000 ibenenta ko sa pinsan ko ang unit ko just 90,000,ngayon parang 2014 or 2013 pa ata turn over...ang building magtotop off by this year or 1st quarter ng 2012...pero alam na natin na yung berkeley at grass ay nasa major major delays ang to...

jejemon

May 12th, 2011, 05:13 AM

Anybody knows kung ano na ang status ng construction ng Myplace ortigas?

BGCfan

June 13th, 2011, 03:05 PM

wala pa sigurong activity, still awaiting for License to Sell to be released as far as I know as of this time.

cyrusal

June 13th, 2011, 05:14 PM

I think they will be launching their showroom in Megamall in time with the release of LTS this week

iskolokoy

June 17th, 2011, 06:31 AM

Hello! Newbie here! I'm very interested in getting a unit at MyPlace Ortigas. Tuloy pa din ba ang LOI submission? Ano na ang going price ngayon? Any ideas?

lemuelf

June 17th, 2011, 04:52 PM

@ iskolokoy, yep tuloy na tuloy po ang LOI for mPlace ortigas. if interested, i can send you details of the LOI, terms, and other info regarding mPlace Ortigas. my email is:
lycan1005@gmail.com 0926-626-9780

accinesenam

June 18th, 2011, 04:48 PM

Anybody knows kung ano na ang status ng construction ng Myplace ortigas?

Hi. I am actually new in this thread but had been following you guys for quite some time now since I actually got a unit in MyPlace@Ortigas. Sa Emerald Avenue lang kasi ako ngwowork so sobrang convenient talaga for me.

Earlier today, my agent texted me and said that they would be releasing the LTS by July 15. Syempre naman ang hirap na maniwala kaagad di ba kasi nung una February daw then naging April then up until now wala pa din.

But he assured me of such kasi daw, nanggaling na ang announcement sa VP nila plus ma-stale na daw yung cheques which were issued last January pa if di pa talaga lumabas ang LTS na hinihintay nating lahat.

Ground-breaking na daw right after lumabas ang LTS. So I think we can just cross our fingers na matuloy na nga si LTS by July 15.

Hope this info helped. CHEERS everyone.:cheers:

BGCfan

June 18th, 2011, 04:59 PM

accinesenam

June 18th, 2011, 05:00 PM

and btw guys, kita ko from my office yung pgtatayuan ng condo natin. so I can really keep you posted if me ginagawa na tlg si SMDC or what.:lol:

accinesenam

June 18th, 2011, 05:08 PM

Thanks for that inside info! I have a client who reserved in this project, and I keep telling my client about the postponement of the LTS release. Now I'm quite reluctant to tell her that the LTS release is again moved to July as again, it might be moved to another month. I'm really hoping for an immediate and definite release of the LTS. :)

anytime dear! as a client din kasi, nakakafrustrate talaga pag ngtetext si agent na kesho na-move si LTS for next month (blah blah blah).:ohno: imagine i've been to Europe na and then India tapos wala pa din!

super nice kasi si agent (apart from its prime location) kaya lang ako ngsstay with this project. pero sana nga talaga totoo na 2ng July 15 na 2.:cheers:

Aziza1121

July 21st, 2011, 03:19 AM

Released na LTS of MP Ortigas.

superboyish

August 15th, 2011, 03:25 PM

Any update on this project? How come there is a some sort of a resistance from Rennaisance unit owners with this project? I was passing by the other day in Meralco Ave and saw a billboard/ petition against this project. Is there another way for Mplace to get another way of entry for would be buyers? I paid my reservation early this year and it's been 8 months with no clear movement or activity from this project.

cyrusal

August 15th, 2011, 03:40 PM

^^ yup that's true! The Rennaisance center is an exclusive community and it is expected that homeowners will protest against a mass-housing project built within their area and which in the end, will be using the entrance gate. Since SMDC assumed this project, a right of way must have been passed which granted legal access of Rennaisance's internal driveway. But then again this protest could have been the reason of the delay.

Shazzam

August 17th, 2011, 06:19 AM

Released na LTS of MP Ortigas.

More likely it was just TLS - Temporary License to Sell from Housing and Land Use Regulatory Board - like all other condominium developments that are into pre-selling.

ebetcruz

August 17th, 2011, 09:42 AM

wow, a number of SMDC projects have been subjected to protests... M Place Ortigas, Blue Residences, what else? Plus, the very dense developments make me think whether to sell their projects or not.

_____________
My Condo Philippines (http://www.mycondophilippines.com)

makatiprime

August 17th, 2011, 03:13 PM

naghukay na ba ang my place ortigas? matagal tagal na ring itong inilabas na project

supernatural1009

August 28th, 2011, 11:38 AM

May announcement na b ng another price increase? Are the 3-4 sq meter will make a lot of difference? (from my studio to my pad)

makatiprimer

August 28th, 2011, 11:59 AM

wala pa ata dahil wala pa naman nangyayari sa site

supernatural1009

August 28th, 2011, 05:56 PM

thanks... may isang agent kc na nagsabi na there might be an increase this sept.. maybe gusto nya lang agad makabenta...

are the 3-4 sq meter diff from mystudio to mypad will will be a big space diff? i think more than 300 thou din kc yung diff

bevepi

August 31st, 2011, 02:43 PM

jejemon

September 14th, 2011, 12:35 AM

Not recommended to buy SMDC projects anymore. Sa MEZZA residences SM center point daming problems sa structure ng building nila..... daming demand ang mga owners na hindi nila nadedeliver as of today......

jejemon

September 14th, 2011, 12:37 AM

Me pending na kaso na nakafile sa QC municipal hall re: building structure me mga bitak bitak fire alarm nde gumagana....maraming tulo sa mga units

Shazzam

September 16th, 2011, 11:43 AM

From what I've heard, mukhang naayos na ang dispute between renessance and SMDC.

Looks like that na nga. Heto na lang ang nakapaskil sa labas ng Renaissance...

http://i246.photobucket.com/albums/gg108/vavaboom2k7/09082011036.jpg

And from the looks of it, most of those who already bought will be surprised about the additional burden that they will carry after they bought Units from this project. Hope the amounts they will pay Renaissance for this will not be that significant though.

Before this there was a bigger "No to SM-My Place inside REnaissance" tarp you can see when entering their gate.

bevepi

September 18th, 2011, 05:23 AM

Looks like that na nga. Heto na lang ang nakapaskil sa labas ng Renaissance...

http://i246.photobucket.com/albums/gg108/vavaboom2k7/09082011036.jpg

And from the looks of it, most of those who already bought will be surprised about the additional burden that they will carry after they bought Units from this project. Hope the amounts they will pay Renaissance for this will not be that significant though.

Before this there was a bigger "No to SM-My Place inside REnaissance" tarp you can see when entering their gate.

Hmmn..double ang assoc dues? SMDC at RCHAI..at double din ang amenity use at double din ang security:)

ronaldcagape

September 19th, 2011, 05:59 PM

hmmm. that is not good for m-place buyers. i thought smdc was the good guys?

thomasian

September 20th, 2011, 09:09 PM

Hmmn..double ang assoc dues? SMDC at RCHAI..at double din ang amenity use at double din ang security:)

If RCHAI is to charge M Place owners anything else apart from their own M Place association fees, then RCHAI better allow the use of their wonderful amenities.
Otherwise, this would be akin to them asking M Place for compensation on a possible apparent lowering of RCHAI property values, be it an actual reduction in property values, or simply a perceived lowering of the desirability of RCHAI's properties (which also may lead to the former) due to a mass-market neighbor.
Talk about social inequality being slapped in the face of affordable condo buyers by luxury condo owners, not a good thing to see. :ohno:
I believe everyone deserves a decent home, at a place conveniently close to their work, and at a price they can afford.

----
I guess this NY Times article would be a good read, a practice I think should also be applied here in the Philippines, though I think it would be close to impossible:
Across the Hall, Diversity of Incomes - The New York Times
http://www.nytimes.com/2011/09/04/realestate/across-the-hall-diversity-of-incomes.html?_r=1&pagewanted=all

Shazzam

September 23rd, 2011, 05:37 AM

If RCHAI is to charge M Place owners anything else apart from their own M Place association fees, then RCHAI better allow the use of their wonderful amenities.
Otherwise, this would be akin to them asking M Place for compensation on a possible apparent lowering of RCHAI property values, be it an actual reduction in property values, or simply a perceived lowering of the desirability of RCHAI's properties (which also may lead to the former) due to a mass-market neighbor.
Talk about social inequality being slapped in the face of affordable condo buyers by luxury condo owners, not a good thing to see. :ohno:
I believe everyone deserves a decent home, at a place conveniently close to their work, and at a price they can afford.

----
I guess this NY Times article would be a good read, a practice I think should also be applied here in the Philippines, though I think it would be close to impossible:

I hope someone among SSC forumers can enlighten us on the arrangement made between Fil-estate (the original developer of the complex)/RCHAI and SM Properties. I can assume that this has something to do with gaining access to M-Place thru the main entrance of Renaissance, and there is no other, for which the Association would like to be compensated. Technically, the Association has a say on this because once a lot is developed into a condominium, the Association becomes the owner of all common areas of the project, land and equipments included. Unless there are specific provisions in their Master Deed that defines otherwise.

Incidentally, I noticed that the "No to M-Place's ______ residential units" tarp supposedly a call by RCHAI is still displayed and can be seen as you enter the complex. It looks like the dispute is still on-going.

superboyish

September 25th, 2011, 05:23 AM

Any update on this project?

InfinitiFX45

September 30th, 2011, 07:21 PM

SMDC leads in resd'l bldgs in Metro :banana::cheers:

By Zinnia B. Dela Peña (The Philippine Star) Updated October 01, 2011 12:00 AM

http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=732609

MANILA, Philippines - SM Development Corp. (SMDC) , the residential development arm of retail tycoon Henry Sy’s SM Investments Corp., remained the top seller of residential buildings in Metro Manila in the first half of the year.

Based on a recent study by Colliers International Philippines, SMDC raked in the highest amount in terms of sales value, having sold 4,117 residential condominium units from January to June this year, worth around P9 billion. This translates to a 22 percent market share in terms of number of units sold in an industry with more than 90 players.

SMDC has been the country’s leading residential developer in terms of sales for the past two years, according to Colliers.

SMDC currently has in its portfolio 15 residential projects, 14 of which are in Metro Manila and one in Tagaytay City. Six projects – Berkeley Residences, Chateau Elysee, Mezza Residences, Field Residences, Grass Residences and Sea Residences – are ready for occupancy.

This year, the company launched two more projects, Mezza II Residences, located at the corner of Aurora Blvd. and Guirayan St. in Quezon City and very near SM City Sta. Mesa, and M Place @ Ortigas, located along Meralco Ave. in the heart of the Ortigas commercial district in Pasig City. M Place @ Ortigas is targeted towards young professionals working within the area, and offers added convenience due to its proximity to transportation hubs, malls and shopping centers.

For the rest of the year, SMDC is scheduled to launch three more residential condominium projects.

magicpips

October 13th, 2011, 08:04 PM

I think having less affluent neighbors is NOT the main problem of RCHAI. If your neighbor, whether rich or poor, have to use your driveway, security and electricity, it is but right to ask the neighbor to pay for right of way and share in the costs of maintaining it. RCHAI is protecting the interest of their condo residents and rightfully so.

superboyish

November 7th, 2011, 10:36 AM

Any news? Construction updates?

RioARCHTQTO

November 26th, 2011, 02:40 AM

-del-

joshstef

November 28th, 2011, 02:25 AM

anyone selling there unit here? assume balance.

bevepi

November 28th, 2011, 04:10 AM

anyone selling there unit here? assume balance.

Madami dito Joshstef, I think you just have to be resourceful.

Shazzam

November 30th, 2011, 11:42 AM

anyone selling there unit here? assume balance.

hmmmmm.... why look for those selling at assume balance when the project has not even started constructing yet? madami bang nag-unload ng kanilang investments sa project na 'to?

todjikid

November 30th, 2011, 09:29 PM

the deal with renaissance sharing entrance/driveway complicates stuff with future owners.

superboyish

December 1st, 2011, 06:07 PM

So what's the final word for the right of way and the entrance? There was an agent that told me that there's a possibility that SMDC will buy the Korean school in front for the entrance, is there any truth to this? or the agent was just trying to convince me for a fast sale? I don't think that the dispute is far from over because there was a new sign infront saying that the homeowners are still opposed with the construction of the building? Anybody from SMDC who can shed a light on this?

todjikid

December 1st, 2011, 09:16 PM

that agent will say anything to get the sale. buying the korean school is not impossible. but its a risk that you have to take - to believe or not to believe. there should be something like a formal communicatio to clear the doubts of the buyers.. for now - it looks and sounds like a hearsay.

joshstef

December 2nd, 2011, 11:24 AM

Madami dito Joshstef, I think you just have to be resourceful.

parang wala ako mahanap hehehe may alam ka sir??

bevepi

December 5th, 2011, 02:54 AM

parang wala ako mahanap hehehe may alam ka sir??

I'll ask around..

Shazzam

December 6th, 2011, 08:00 AM

Photo taken just this morning......

http://i246.photobucket.com/albums/gg108/vavaboom2k7/12062011096.jpg

The tarp I saw months ago as you enter the main entrance of Renaissance is just a small 4' x 8' size. But this one's huge and cannot be ignored. I think SM should settle the issue once and for all before they make any serious selling of the proposed project.

superboyish

December 6th, 2011, 11:32 AM

Anybody from SMDC who care enough to explain what's final word on this? What's the latest agreement with Rennaisance?

thomasian

December 6th, 2011, 12:55 PM

So now it's clearer that it's not just the issue of being compensated for the driveway use or right-of-way access for M Place.

In my opinion, the usage of the phrase "first class" to describe Renaissance Center speaks of something else, an issue deeper and more complicated than the driveway access issue being raised earlier, something like "We are first class, you want to be part of our circle but are you in the same league as we are?". Of course that is just me and my interpretation, but that's how I take it.

Calling themselves "first class", in a big tarp? Although true, it is something I believe is uncalled for. No need to state what they are, no need to state the obvious. They can actually just simply state their problem, direct to the point and without statements like these.

frank.bruno

December 6th, 2011, 01:20 PM

parang sinabi nila wa class SMDC..direct to the point na ksi dami pang sinasabi.

HANG_tod

December 6th, 2011, 02:41 PM

oo nga parang ganun na rin, the name SM is 90% marketing strategy and 10% for their project... kelangan magamay pa ng SMDC ang technique sa pag gawa ng condo

frank.bruno

December 6th, 2011, 02:46 PM

Ayaw siguro nila samahan sila ng middle class or masa ksi pang mayaman ang first class..or sosyal nandidiri yata sila pero sorry nlang SMDC IS COMING TO TOWN SPREAD SMDC magpadami kyo.

superboyish

December 6th, 2011, 04:48 PM

I don't blame Renaissance though, it's just that it was a wrong decision for SMDC to buy the lot without their own right of way. I honestly think that the best thing to do is buy out the Korean school so that they can have their own entrance. Not only do My Place Ortigas and Renaissance have different target markets, they are from different marketing networks / developers as well, this just add to the confusion I think.

How did SMDC got this property by the way? Doesn't Andrew Tan own this? Why didn't they just develop it for their own future projects? What's the story?

El_Toro

December 6th, 2011, 08:13 PM

Ayaw siguro nila samahan sila ng middle class or masa ksi pang mayaman ang first class..or sosyal nandidiri yata sila pero sorry nlang SMDC IS COMING TO TOWN SPREAD SMDC magpadami kyo.

Discrimination nmn yan gngawa nilang tarp... There saying there condo is first class it only mean that they dont want low cost or middle class neighbors... Sorry nlng sa knila they cant use that reason to file a TRO against this SMDC project haha

bevepi

December 7th, 2011, 02:34 AM

scamingue

December 7th, 2011, 03:49 AM

When this was first marketed, they said that Renaissance has already given them the right of way. This was their marketing strategy. And now you see this tarp again. This was first hanged at the bridge, now Renaissance transferred it in the corner of Romarinda International School so everybody can see the big "No".:)

frank.bruno

December 7th, 2011, 05:35 AM

Don't worry lalagyan ng SMDC yan ng GOLDEN SKYBRIDGE or GOLDEN UNDERPASS with GOLDEN SOLAR ESCALATOR papunta ng MYPLACE pra mag maging WORLD CLASS CONDOVISION ang dating di lang FIRST CLASS para di naman nakakahiya sa taga Renaissance he..he..

superboyish

December 7th, 2011, 09:53 AM

As far as what i've known, Lot was originally from the lot of Renaissance intended for another tower but eventually foreclosed by equitable bank which is now owned by BDO.

That explains it. I just hope that SMDC will be able to settle this fast, or shed a light on this as the issue is a big turn off for would be buyers.

tip

December 7th, 2011, 10:31 AM

Anybody from SMDC who care enough to explain what's final word on this? What's the latest agreement with Rennaisance?

I'm from SMDC, so if I may shed some light...

When this was first marketed, they said that Renaissance has already given them the right of way. This was their marketing strategy. And now you see this tarp again. This was first hanged at the bridge, now Renaissance transferred it in the corner of Romarinda International School so everybody can see the big "No".:)

I don't blame Renaissance though, it's just that it was a wrong decision for SMDC to buy the lot without their own right of way.

We have a right of way. The right of way is annexed on the title. Renaissance Association is aware of that. The right of way is not the issue.

So now it's clearer that it's not just the issue of being compensated for the driveway use or right-of-way access for M Place.

In my opinion, the usage of the phrase "first class" to describe Renaissance Center speaks of something else, an issue deeper and more complicated than the driveway access issue being raised earlier, something like "We are first class, you want to be part of our circle but are you in the same league as we are?". Of course that is just me and my interpretation, but that's how I take it.

Calling themselves "first class", in a big tarp? Although true, it is something I believe is uncalled for. No need to state what they are, no need to state the obvious. They can actually just simply state their problem, direct to the point and without statements like these.

You are more or less correct Sir thomasian, the issue is more on "we are high end" and SM Mplace existence will affect the "high end status" of Renaissance. Feel free to pm me for any questions.

Shazzam

December 8th, 2011, 05:43 AM

I'm from SMDC, so if I may shed some light...

We have a right of way. The right of way is annexed on the title. Renaissance Association is aware of that. The right of way is not the issue.

You are more or less correct Sir thomasian, the issue is more on "we are high end" and SM Mplace existence will affect the "high end status" of Renaissance. Feel free to pm me for any questions.

If indeed the Right of Way is a non issue, the rightful buyer of the lot can easily prevent the Association from posting that huge tarp LEGALLY then. I'm sure SMDC doesn't lack able and qualified lawyers to handle this. Matagal na yang tarp sa entrance; ngayon mas pinalaki pa.

josep21

December 16th, 2011, 03:48 AM

na settled na ba yung issue dito??

Kintoy

December 16th, 2011, 10:10 AM

http://i1199.photobucket.com/albums/aa462/kintoy2/c15fbd0a.jpg

HANG_tod

December 16th, 2011, 01:44 PM

ano yan? lantarang protestahan? lahat naman may karapatan tumira sa isang tahanan, pero may mga taong mga garapal sa kanilang yaman at gusto nila sila lang, mga taong sakim at garapal, kong sabagay maraming mga pulitiko ang nakatira sa renaissance 1000,2000

tita01

December 16th, 2011, 01:46 PM

naalala ko tuloy ung sky city mandaluyong :(

magicpips

December 22nd, 2011, 01:46 PM

superboyish

December 23rd, 2011, 03:01 AM

Just curious... if you bought an 11M Renaissance Tower 3 condo unit years ago, then now SMDC is selling Myplace condo units at 1-2M in the same compound, would the property market value of your Renaissance investment decrease?

I dont think so as they cater to different markets. But actually if you check on some of the units up for resale, average for Renaissance Tower 3 is 70-75K per square meter ( a 200sqm unit is up for 15M, a 170 sqm is up for 10M). While in My Place a 20sqm is around 1.5-1.6M, a 25sqm is around 1.9-2M or roughly the same price per square meter with Renaissance 3000.

So I guess, price will not be affected, it will just depend whether the buyer can afford a bigger cut, he might choose Renaissance and if a smaller cut, he'll go for My Place.

Just my two cents.

todjikid

December 23rd, 2011, 03:07 AM

it will be, imagine the traffic in the area, especially if they share a driveway. people will start feeling the inconvenience or the level of comfort changes.

boolateh

January 13th, 2012, 07:30 PM

First of all guys, do you exactly know how a 20sqm property feels like? Grabe, super small yan. And ang mahal ng pre-selling nila. Tapos abang lang, hindi pa finished??? Harang.

Second, it is so hard to get to the other side, walking, commuting, or driving. At this time, traffic super dyan, and for those walking to Ortigas Center, maraming naho-hold up sa ilalim ng flyover. Madilim lalo na sa night. If you go to the other side naman, you have to cross in front of Megatent, and the same, walk towards Benpress, which is dark at night. Why don't you guys try going there to see for yourself? You can ride an FX going to Ortigas Center, 12 bucks everytime. Going back is another problem, walang dumadaan dun, you have to ride a Pasig FX, and get off in front of Megatent and cross. The driver will still charge you 25 bucks, kahit malapit.

Third, there are better and cheaper projects at the heart of Ortigas Center. The one I bought at Cityland Regency at the back of Galleria was cheaper, fully finished, very chic and modern, and now commands a 10k rent per month for an 18sqm space. It has lesser density pa, not 50+ units per floor. OMG! Same thing, the one at Emerald Avenue, yung Cityland Emerald is cheaper. And both were delivered ahead of schedule. And smooth and maganda ang delivery ng unit. See for yourself.

What's happening to MPlace? Up to now there is no certainty. Would you invest your hard earned money in this project? I wouldn't. For those who invested already, sayang, you guys did not research well.

Go to the site today, and see that nothing is happening. It's 2012 already guys. And that protest tarpaulin is still there. What do you think it says for this project? Chances are, baka hindi na matuloy ito. If there were no problems, dapat nag start na ang dig. Or wala na yung tarp.

Hay nako people, research well, sayang pera nyo.

Just my 2 cents.

frank.bruno

January 13th, 2012, 07:43 PM

WOW haba ng time na ginugol mo dito ah.. isa ka bang pakawala.

boolateh

January 13th, 2012, 07:52 PM

MABILIS LANG AKO MAGSULAT PRE. The truth hurts ba???

frank.bruno

January 13th, 2012, 07:59 PM

pati ba naman dito may bayaran at prosti.

boolateh

January 13th, 2012, 08:02 PM

pati ba naman dito may bayaran at prosti.

^^ Pare, bawal sa Skyscrapercity ginagawa mo. This is not the place for your rude behavior. Follow forum rules. This is a warning.

todjikid

January 13th, 2012, 08:04 PM

wow...away na to...pero going back, cityland...although mura at accessible, hindi talaga maganda ang itsura ng building and the windows and interiors...are just so 80s. i think the other development like this one, attempts to be modern...again, attempts. it becomes pleasant to the eyes of the buyers. although sabi nga ni Ruffa G sa Ms World 1994, "what is essential is invisible to the naked eye."

frank.bruno

January 13th, 2012, 08:07 PM

^^ Pare, bawal sa Skyscrapercity ginagawa mo. This is not the place for your rude behavior. Followa forum rules. This is a warning.
di kita kumpare wag mo akong tawagin pare i don't care kung ma block ungas!!

frank.bruno

January 13th, 2012, 08:08 PM

di ako prosti tulad mo.

boolateh

January 13th, 2012, 08:11 PM

boolateh

January 13th, 2012, 08:14 PM

di ako prosti tulad mo.

^^ Who are you? I don't even know you. What's your problem. I hope the moderator blocks you. I don't know your problem men.

frank.bruno

January 13th, 2012, 08:15 PM

you are the problem here not me..mga tulad mo...

boolateh

January 13th, 2012, 08:18 PM

Wait... who are you again, and do I know you? I'm puzzled.

todjikid

January 13th, 2012, 08:19 PM

You have a point there todjikid. Just stated my experiences too from that end. So far, the only price point comparison is Cityland. And so far, okey and interiors. And very good location too, inside Ortigas Center.

I think the Pearl Place is close to Mplace. And I did compare the two before going for The Pearl Place. But ofcourse, Bevepi, helped me out. I think the SM Brand is really popular. And they do invest on amenities which most buyers (like me) would be attracted to. But at the end of the day, its the payment scheme - low down spread in so many months. Cityland, I'm afraid can not top that as they offer IN HOUSE only financing (as far as I can remember).

boolateh

January 13th, 2012, 08:25 PM

You're right todjikid. And The Pearl Place is a better decision indeed. Great location too. And low density. Good job! Construction in full swing!

boolateh

January 13th, 2012, 08:38 PM

Thank God that crazy person got out of this thread. Who is that? Natakot naman ako, parang baliw, yikes!

todjikid

January 13th, 2012, 08:40 PM

You're right todjikid. And The Pearl Place is a better decision indeed. Great location too. And low density. Good job! Construction in full swing!

Na-excite naman ako...sana fast forward na sa turnover. para makapag move on na sa The Fort naman...crossing fingers.

frank.bruno

January 13th, 2012, 09:17 PM

Wait... who are you again, and do I know you? I'm puzzled.

What a stupid question do you think i will give my real name here...what about you? it's your real name BOOLATEH... wlang nabibigay ng real name dito puro alias lang.Sinto sinto..use ur C.S. STUPID !The truth hurts ba???

todjikid

January 13th, 2012, 09:21 PM

First of all guys, do you exactly know how a 20sqm property feels like? Grabe, super small yan. And ang mahal ng pre-selling nila. Tapos abang lang, hindi pa finished??? Harang.
Just my 2 cents.

sa totoo lang, hindi ko pa ma-imagine ang 20 sq meters. I got a 23sq meter unit somewhere else and I know it is small but I barely have any idea on how "restrictive" it is. I've visited showrooms and bare units pero siyempre stylized yun...and wala pang mga beams and pillars...hoping pa rin na sana "enough" naman siya.

frank.bruno

January 13th, 2012, 09:39 PM

Wait... who are you again, and do I know you? I'm puzzled.

First of all guys, do you exactly know how a 20sqm property feels like? Grabe, super small yan. And ang mahal ng pre-selling nila. Tapos abang lang, hindi pa finished??? Harang.

Second, it is so hard to get to the other side, walking, commuting, or driving. At this time, traffic super dyan, and for those walking to Ortigas Center, maraming naho-hold up sa ilalim ng flyover. Madilim lalo na sa night. If you go to the other side naman, you have to cross in front of Megatent, and the same, walk towards Benpress, which is dark at night. Why don't you guys try going there to see for yourself? You can ride an FX going to Ortigas Center, 12 bucks everytime. Going back is another problem, walang dumadaan dun, you have to ride a Pasig FX, and get off in front of Megatent and cross. The driver will still charge you 25 bucks, kahit malapit.

Third, there are better and cheaper projects at the heart of Ortigas Center. The one I bought at Cityland Regency at the back of Galleria was cheaper, fully finished, very chic and modern, and now commands a 10k rent per month for an 18sqm space. It has lesser density pa, not 50+ units per floor. OMG! Same thing, the one at Emerald Avenue, yung Cityland Emerald is cheaper. And both were delivered ahead of schedule. And smooth and maganda ang delivery ng unit. See for yourself.

What's happening to MPlace? Up to now there is no certainty. Would you invest your hard earned money in this project? I wouldn't. For those who invested already, sayang, you guys did not research well.

Go to the site today, and see that nothing is happening. It's 2012 already guys. And that protest tarpaulin is still there. What do you think it says for this project? Chances are, baka hindi na matuloy ito. If there were no problems, dapat nag start na ang dig. Or wala na yung tarp.

Hay nako people, research well, sayang pera nyo.

Just my 2 cents.

Cguro isa kang agent na nawalan ng client dahil napunta sa SMDC kya nakaksulat ng ikakasira ng SMDC. Puro negative nilagay mo halatang BAYARAN KA. POOR boy.

frank.bruno

January 13th, 2012, 09:48 PM

The truth hurts ba???

frank.bruno

January 14th, 2012, 08:58 PM

^^ Pare, bawal sa Skyscrapercity ginagawa mo. This is not the place for your rude behavior. Follow forum rules. This is a warning.

May pawarning warning ka pa di ka naman pala moderator mukhang dapat ikaw ang ma impeach sa forum na 2 mukhang may sayad ka at bastos ng bibig mo. Mas bawal ang ginawag mo PROSTI. THE TRUTH HURTS BA?

frank.bruno

January 17th, 2012, 04:24 AM

Mukhang napurga na si Mr. BOOLATEH. he..he..he..

norman white

January 18th, 2012, 12:29 AM

I think the Pearl Place is close to Mplace. And I did compare the two before going for The Pearl Place. But ofcourse, Bevepi, helped me out. I think the SM Brand is really popular. And they do invest on amenities which most buyers (like me) would be attracted to. But at the end of the day, its the payment scheme - low down spread in so many months. Cityland, I'm afraid can not top that as they offer IN HOUSE only financing (as far as I can remember).

Before you consider buying from any developer you must ask not only the estimated monthly association dues, common area insurance of your own building but also your obligation for the using rchai road right of way, insurance, property tax , security, maintenance etc. I know, because when I used to stay in renaissance, aside from our regular monthly dues, yearly common area real estate tax, and my own real estate tax, the association was billing me a regular money assessment for the RCHAI Road maintenance, property tax among others. I wonder if SMDC and RCHAI not settle the issue, how much the SMDC end user will have to shell out after buying a SMDC unit. transparency is a must, para walang bulaga.... Therefore you should know how much over and above for the use of the RCHAI Road both the monthly and yearly assessment , which is over and above what you are paying your own Association. I think this issue should be the main concern of all brokers to protect the interest of their buyers. Apparently when I asked from MYPACE Ortigas , they didn't know how much their estimated association per square meter , baka mamaya P100 per sq per month ang SMDC association dues palang at wala pa ang insurance, real estate tax for both the common area of MY Place, your own unit and lastly the RCAI Road real estate tax. I know some buildings specially makati, para ka na rin nag rerent sa monthly dues and expenses mo. Transparency GOOD GUYS......

frank.bruno

January 18th, 2012, 04:34 AM

Before you consider buying from any developer you must ask not only the estimated monthly association dues, common area insurance of your own building but also your obligation for the using rchai road right of way, insurance, property tax , security, maintenance etc. I know, because when I used to stay in renaissance, aside from our regular monthly dues, yearly common area real estate tax, and my own real estate tax, the association was billing me a regular money assessment for the RCHAI Road maintenance, property tax among others. I wonder if SMDC and RCHAI not settle the issue, how much the SMDC end user will have to shell out after buying a SMDC unit. transparency is a must, para walang bulaga.... Therefore you should know how much over and above for the use of the RCHAI Road both the monthly and yearly assessment , which is over and above what you are paying your own Association. I think this issue should be the main concern of all brokers to protect the interest of their buyers. Apparently when I asked from MYPACE Ortigas , they didn't know how much their estimated association per square meter , baka mamaya P100 per sq per month ang SMDC association dues palang at wala pa ang insurance, real estate tax for both the common area of MY Place, your own unit and lastly the RCAI Road real estate tax. I know some buildings specially makati, para ka na rin nag rerent sa monthly dues and expenses mo. Transparency GOOD GUYS......
Lahat ng sinabi mong bayarin common na sa Philippine Condominium don't worry nsa 55-65 pesos persqm unit ang monthly dues tulad sa ibang SMDC COMPLETED PROJECTS baka dyan sa renaissance 100 plus monthly dues ksi first class condo daw yan. Bakit ka naman bibili ng Condo kung hindi ka handa sa bayarin. Mr. BOOLATEH ikaw ba yan nag iba ng name dahil na impeach na ang Mr. BOOLATEH screen name mo. Ka reregistered mo lang mainit init pa.

magicpips

January 18th, 2012, 02:43 PM

Based on my experience, brokers really can't assure buyers regarding exact amount of condo dues. I bought a property in Ortigas during pre-sell and was told to expect Php50 per sqm dues. When it was turned over, it became Php70 per sqm. A year later, I'm being billed recoupment charges for electricity coz they miscalculated the budget. So objectively speaking, all buyers should ask the stuff that norman white mentioned whether buying at Myplace or any other development. There are a lot of hidden costs that you cannot control in property investments. It's called due diligence and buyer beware. In fact, a signage by rchai in front of Renaissance warns Myplace buyers regarding extra dues. I pass it daily, so if interested in investing in Myplace, there's nothing to lose if you ask questions.

bevepi

January 19th, 2012, 01:53 AM

magicpips

January 19th, 2012, 05:55 AM

@bevepi, still monitoring... rumor has it that there's a commercial retail that will be built nearby, but the unresolved rchai issue is still a turn off at this point for me. Anyway, I agree, sellers and brokers can't guarantee the right amount of association dues because it depends on a lot of factors which is my point too. That's why I think it's misleading when other people say "Don't worry, nasa 55-65 pesos monthly dues like other SM projects", especially since the sign by rchai says there will be extra dues ;)

frank.bruno

January 19th, 2012, 07:59 AM

I think it's more misleading when you say the monthly due is more than 100 pesos persqm tinatakot nyo ang buyers. my units in CBD area Makati and Ortigas the monthly dues only 65 and 70 pesos.I'am not an agent I'am just a fan of SMDC now who do you think is telling the truth the agent na di makabenta ng units dahil napupunta SMDC or SMDC fan.Dami talagang utak talangka sa mundo.

frank.bruno

January 19th, 2012, 08:47 AM

mukhang may copycat si BOOLATEH.

superboyish

January 19th, 2012, 10:41 AM

@bevepi, still monitoring... rumor has it that there's a commercial retail that will be built nearby

Are you talking about the Estancia located in the Capitol Commons in Meralco Ave or will there be a commercial retail where the tent (the one beside renaissance) is now located?

I am also worried about this development, I was told before by an agent that expected turnover was last quarter of 2013. I doubt that they'll be able to finish it by then. What's the final word on this? When will the turnover dates be? 2015 or 2016? Any agent or anybody from SMDC here?

frank.bruno

January 19th, 2012, 02:39 PM

Congrats "TEAM UTAK TALANGKA" Effective ginagawa nyo pananakot sa mga buyers. Please email customerservice@smdevelopment.com or call 8580300 for your concern.Wag basta basta magpapaniwala sa forumers dito na UTAK TALANKA.

magicpips

January 19th, 2012, 03:05 PM

tylerdude

January 19th, 2012, 03:36 PM

Hmmm..whats the rumor about the commerciAl retail beside renaissance? Is it commercial or residential since you mentioned that its alveo?

That would be intersting if ayala puts up something there.

frank.bruno

January 19th, 2012, 04:39 PM

@frank.bruno - take it easy, man... we're just discussing pros and cons here, as well as valid fears. That's what this forum is for---intelligent discussions and not personal attacks. In terms of property investing, it's always best to be prudent. I like the fact that people like norman white give tips on what to check out when buying condos. Not all buyers are aware about other costs. Mabuti na alam mo ang pinapasukan mo sa umpisa, kaysa naman magulat ka sa huli when faced with other untold costs. Mas concerned ako sa kapwa buyers than sellers. Just curious without any intention of offending you, did you invest in Myplace? Peace, man. Life is too short for anger and petty quarrels in this forum. Take it easy :)

I don't think I'am doing personal attack here i'm just doing counter attack of some forumers here keep creating a fears on investors in this particular project.I don'thave any anger wlang personalan just intilligent discussion as what you said.But it's up to you if take it personal or seriously. Read carefully what BOOLATEH or NORMAN WHITE written what do you think it's not personal attack siguro PERSONALS attack ksi siniraan nyo ang SMDC ksama na dyan ang investors. Isa lang naman gusto nyong tumbukin dito wag ituloy ang project am I correct.

frank.bruno

January 19th, 2012, 05:24 PM

@magicpips Just curious without any intention of offending you, did you invest in Myplace?

As what you said you are intelligent forumer you can answer the question by urself.

magicpips

January 19th, 2012, 06:24 PM

magicpips

January 19th, 2012, 06:29 PM

frank.bruno

January 19th, 2012, 08:49 PM

@frank.bruno - i get where you are coming from now. Take it easy. If the commercial retail project of Ayala pushes thru, there's a big chance the property value of Myplace Ortigas will increase. That's the reason I revisited this project.

What SMDC needs to do, however, is resolve the RCHAI issue for the sake of the buyers. Pagnaayos iyon, things will be easier for the buyers and sellers.

Objectively speaking, what Norman White shared is a valid concern and these are things worth asking and investigating. If you bought a Myplace unit, you might want to check with RCHAI admin what they are referring to in their signage just so that you are prepared. As I said, there's no harm in asking.

In my opinion, it's more important to protect yourself than protect the developers. I bought a property from Filinvest before and when I found out that I wasn't getting what was promised to me, I backed out and got my
money back after filing a complaint.

Peace!I'am not protecting the DEVELOPER they don't need protection. I just don't want how the some forumers take advantage of this forum for creating fears to investor and for own benefits then when i counter attack they saying i personal attack. Kung di nyo kaya handle ang feelings nyo at nasasaktan kyo wag nlang kayo magbukas ng site nato magbasa nlang kayo ng komiks at tabloid magenjoy pa kyo.Walang personalan foruman lang.

todjikid

January 19th, 2012, 10:16 PM

if ayala puts up a commercial/retail structure here...tiba-tiba ang mga taga-mplace in terms of value appreciation and convenience.

about assoc dues - isa din yan sa kinatatakutan ko with ANY developer, kasi they can dictate any price and we wont have any choice.

Can't MPlace be more transparent about the real score? Or baka they are open about this with their current investors and possible buyers. the thing is, if you see their booth sa SM mall, you won't know the existing RCHAI issue until the agent discloses it to you or you do your due diligence. Transparency lang naman siguro. And besides, if THE ATENEO didn't top Blue Residences, I'm pretty sure no one can stop Henry Sy.

I guess any buyer will be a bit sensitive to any criticism against their investment whether done constructively or not. Dugo't pawis ang puhunan dyan eh.

tylerdude

January 20th, 2012, 03:22 AM

@tylerdude - I read in this forum that there's an Alveo project being planned nearby a few months back. Last week, I spoke with an architect who told me it's going to be a high-end commercial retail project and he also mentioned Alveo. But I'm not sure if there will be a residential component to it. I wasn't able to clarify. Yup, an Ayala development makes the area more interesting... :)

thanks for the info. i just feel the megatent lot is too small to be a retail mall unless ayala plans to make it something like a podium mall. although i think it makes sense for ayala to put up a mall in the ortigas/ pasig area since they don't have a presence there yet. if this is really true, then it might be good idea to invest in myplace then. also a good idea to buy units at renaissance too. i see 3 bedroom units there going for 8-10M only for around 230sqm space. that's huge!

magicpips

January 20th, 2012, 04:55 AM

I guess any buyer will be a bit sensitive to any criticism against their investment whether done constructively or not. Dugo't pawis ang puhunan dyan eh.

I agree. It's hard to see the good tips and practical advise of others when you are emotionally and financially involved. I personally found the tip of norman white sensible, but I guess others took offense. The info I gave is also good news for Myplace, but not sure if it was realized as such.

Anyway, that's what's great about skyscrapercity. It gives important info for would-be and existing buyers. It's great that there is this forum to voice out questions or concerns about real estate projects. If it's all good stuff here, then it defeats the purpose of forums. We might as well just look at the developer's website and believe everything brokers say. Haha :)

bevepi

January 20th, 2012, 01:16 PM

Can't MPlace be more transparent about the real score? Or baka they are open about this with their current investors and possible buyers. the thing is, if you see their booth sa SM mall, you won't know the existing RCHAI issue until the agent discloses it to you or you do your due diligence. Transparency lang naman siguro. And besides, if THE ATENEO didn't top Blue Residences, I'm pretty sure no one can stop Henry Sy.

One thing is sure that there is a dispute between 2 developers..each has a claim to tell..but in the end the investors are on the losing end especially on the Mplace side but SMDC would not just easily give up the fight and I believe that they will use all means to win it, SMDC has the money and resources.

This is like an epic battle between 2 giants.

norman white

January 20th, 2012, 05:06 PM

One thing is sure that there is a dispute between 2 developers..each has a claim to tell..but in the end the investors are on the losing end especially on the Mplace side but SMDC would not just easily give up the fight and I believe that they will use all means to win it, SMDC has the money and resources.

This is like an epic battle between 2 giants.

I agree, no one can stop or should stop developers, it's up to us if we all ourselves to buy what the developer or brokers are saying, hook line and sinker, or gospel truth. We have to do our own research. At the end of the day, it will not be the developer, or broker who will pay for additional monthly recurring expenses nthat was not properly disclosed to us by the developer and or brokers. I guess in the case of RCHai, proper notice has been given, and they are saying buyers beware. Now let's do our job, let's investigate and find out. I don't want to be caught in the middle of this epic battle.after they have sold out the project, I bet you, the minute the fully sold the project, they will spend a single centavo to e sure mypace unit owners rights re protected.. The sad part, it will be up to those who purchased , who will Have to be assessed for legal expenses.

earvinpaul

January 22nd, 2012, 07:24 AM

Hi Guys, I am new here in the forum. I chanced on this thread while searching more information about M Place Ortigas as we reserved two units there just last December when they had a Christmas promo of 20% discount on selected units. my brother also reserve one unit so bale 3 units ang concern namin.

I asked our agent about the RHCai case but sabi nya nasettle naman na yun case before daw e nagstop sila sa pagbenta ng unit sa M Place dahil nga sa issue with RCHAI .but naayos na raw at hindi naman daw sila nastop dahil me right of way ang SM. but still yung monthly dues pa rin ang worry ko.

btw, sabi nung agent 85% sold na raw yung M Place Ortigas and magstart na ng construction by end of this month. and the TCP of the 23/24 sqm MyPad is now at 2.1M.

sana nga matuloy yung development sa may capitol commons para mas convenient yung location.

superboyish

January 23rd, 2012, 02:14 PM

Wow, 2.1 M for a 23/24 sqm? That's more than 90k per sqm, did it appreciate that much? I remember that it was offered 60k+ when it started. Where did you get this pricing?

sun-tex

January 23rd, 2012, 02:36 PM

magrereklamo pa kaya yung mga taga renaissance? diba double ang price per sqm ng my place kesa sa kanila?

mas malaki magbayad ang my place sa tax kesa sa kanila

iisang maliit na daan,pinag aawayan pa

peace on earth please

queenofthesouth

January 23rd, 2012, 02:39 PM

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· Supply of complete set elevator/escalator equipment

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sun-tex

January 23rd, 2012, 03:50 PM

magkano ang elevator na good for 12 pax maximum or 1,000 kilos ang capacity at para 3 floors na bahay?

earvinpaul

January 23rd, 2012, 03:58 PM

Wow, 2.1 M for a 23/24 sqm? That's more than 90k per sqm, did it appreciate that much? I remember that it was offered 60k+ when it started. Where did you get this pricing?

We got our unit at approx 70K/sqm last december. kasi we got 20% discount from their Christmas promo. the 23.47 sqm MyPad TCP is 2.1M nagkaron daw kasi ng 6% increase last January 5, 2012 according from our agent.

earvinpaul

January 23rd, 2012, 04:04 PM

any other investors ng M Place Ortigas dito? para we can share information about sa development. this is our first investment sa condo kaya mejo excited magstart construction and konting worried about sa issue nga with renaissance.

earvinpaul

January 23rd, 2012, 04:05 PM

btw, mga Q3 2014 daw ang target turnover.

superboyish

January 23rd, 2012, 06:38 PM

I have a small corner unit facing Meralco Ave. I'm also worried on what will be the final word with the RCHAI issue. I hope that this can be settled soon.

tylerdude

January 24th, 2012, 01:48 AM

todjikid

January 24th, 2012, 08:31 AM

We got our unit at approx 70K/sqm last december. kasi we got 20% discount from their Christmas promo. the 23.47 sqm MyPad TCP is 2.1M nagkaron daw kasi ng 6% increase last January 5, 2012 according from our agent.

seriously? its that expensive?

bevepi

January 24th, 2012, 08:52 AM

wow! 90k per square while you can get a unit at renaissance at less than 45k per square. i know it is an old condo but still, they have great ammenities and great location as well. the units there though are too big for a condominium. 2 bedroom units are around 160sqm. that's like 8 units of myplace studio already.

Though they don't have small units like in mplace.. The affordability of the project one of the main selling point of smdc, you could live in that area with a minimal monthly amortization, yes renaissance can be much cheaper but not everybody can afford it..no offense meant, just an opinion..

But anyway if client have the budget and prefer bigger units and ready for occupancy of course you could always go for renaissance project.

frank.bruno

January 24th, 2012, 11:06 AM

Ang mura pala sa renaissance 45 k per square tpos first class condo pa daw bakit kaya di mabenta lahat ng units dito sobrang mura pla sila na yata pinaka mura condo sa pinas. Di kaya mag mukhang 2nd hand condo nlang yan pag natayo na ang MPLACE.

sun-tex

January 24th, 2012, 11:20 AM

ganun nga ang mangyayari,kayat kumokontra sila hangat sa gusto nila

frank.bruno

January 24th, 2012, 11:48 AM

hmmm....mukhang lumalabas na ang totoo bakit ayaw nila sa MPLACE.

bevepi

January 24th, 2012, 01:53 PM

Currently, Running rate in that area is around 70k up to less than a 100K per sqm..

frank.bruno

January 24th, 2012, 02:24 PM

Bakit kaya lagi nila kinu compare ang MPLACE sa price lagi pinapalabas ang mahal ng MPlace at ang rennaisance napakamura 45K persqr. Meron pa bang 45k persqr na condo ngaun?Kung totoong 45K persqr baka naman may reason bakit sobrang bargain yata?parang buy one take one.

sun-tex

January 24th, 2012, 02:43 PM

kasi po kinukumpara ng taga renaissance ang myplace project na cheapepay raw, wala raw exclusivity

kaya ang tao kinkumpara rin ang sa kanila at yung isa

fair and square

frank.bruno

January 24th, 2012, 02:53 PM

kelan ba natapos ang renaissance 1970's,1980's or 1990's.

tylerdude

January 24th, 2012, 03:35 PM

Renaissance was built late 90s to early 2000. Why is it considerably cheaper than myplace? Because the condominium is already old so you have to factor in the depreciation of the building.

You can easily buy old condos within that area including valle verde at the price range of 40-50k. They are that cheap because most of them are old already. This is true for any location. New condos will always be priced higher than the old ones because they are new and most of the time, they will have better ammenities.

If you dont mind buying an old condo, there are a lot of good buys in ortigas or even in the makati area which are priced so much cheaper than the new ones. However, some buyers will always prefer to buy new condos so there would be less maintenance or renovatuon required.

tylerdude

January 24th, 2012, 03:43 PM

Though they don't have small units like in mplace.. The affordability of the project one of the main selling point of smdc, you could live in that area with a minimal monthly amortization, yes renaissance can be much cheaper but not everybody can afford it..no offense meant, just an opinion..

But anyway if client have the budget and prefer bigger units and ready for occupancy of course you could always go for renaissance project.

Definitely agree with this. The appeal of myplace is its affordability despite being in a prime location. They have 2 different markets. Myplace is targetted for single workimg people who works within ortigas. Renaissance are for families who want a bigger space but it is not really a competition since renaissance is an old condo already and they have stopped selling units since early 2000.

frank.bruno

January 24th, 2012, 07:23 PM

todjikid

January 24th, 2012, 08:17 PM

tylerdude

January 25th, 2012, 01:00 AM

frank.bruno

January 25th, 2012, 05:36 AM

the renaissance units that are for sale are for re-sale already by its owners who bought them when they were brand new and not by developers of renaissance itself. sa tingin mo, nagbebenta pa sila eh more than 10 years na nga sila nakatayo? do you know anything about real estate and yet you talk so condescendingly against everyone in this thread?
Linawin kasi labo mo kausap...kahit ano payan resale or sale by owners benta parin yan and stop comparing the price 15 yrs. ago sa price ngaun may pagkalolo na yan condo mo. I don't know anything about real estate kaya lang common sense kahit grade 1 alam ang difference ng 15 yrs. ago sa ngaun pag bumili ka dyan para ka ng nag back to the future Cory Aquino time PNOY na tayo ngaun yung anak.

tylerdude

January 25th, 2012, 06:12 AM

Linawin kasi labo mo kausap...kahit ano payan resale or sale by owners benta parin yan and stop comparing the price 15 yrs. ago sa price ngaun may pagkalolo na yan condo mo. I don't know anything about real estate kaya lang common sense kahit grade 1 alam ang difference ng 15 yrs. ago sa ngaun pag bumili ka dyan para ka ng nag back to the future Cory Aquino time PNOY na tayo ngaun yung anak.

huh?! the prices i mentioned are the current prices NOW. owners are selling it at 45k per square now and not 15 years ago. your comprehension skills are worse than a grade 1 student.

i'm not putting down myplace coz they have different target markets and myplace is brand new. i'm just stating facts that you can get a unit at renaissance at that price while myplace is selling at 90k.

it's up to the buyers if they want to buy an old or a new condo. that's their own preference depending on their requirements and their budget.

you talk as if myplace is the best condo in the world and everything else is 2nd class. have you been inside renaissance? you keep on blabbing about myplace and putting down renaissance and you have not even been inside it.

frank.bruno

January 25th, 2012, 06:22 AM

huh?! the prices i mentioned are the current prices NOW. owners are selling it at 45k per square now and not 15 years ago. your comprehension skills are worse than a grade 1 student.

i'huh...my comprehension skill are worse bakit dahil nagtatagalog ako at pala english ka. 45k 15 yrs ago hangang ngaun 45k parin good investment.

tylerdude

January 25th, 2012, 06:39 AM

sino nagsabing 45k sya 15 years ago? nagbabasa ka ba o bumubukas lang bibig mo ng di ka nag-iisip. mahina tlaga ang comprehension mo. umamin ka na kasi. wala sa pananalita yan. nasa utak yan.

frank.bruno

January 25th, 2012, 06:42 AM

hmm..may napipikon easy..easy ikaw nagsabi 45k persqm ibig sabihin ibebenta ng owners mas mababa sa kuha nila para bumili sa MPLACE. ha..ha..

norman white

January 25th, 2012, 08:12 AM

hmm..may napipikon easy..easy ikaw nagsabi 45k persqm ibig sabihin ibebenta ng owners mas mababa sa kuha nila para bumili sa MPLACE. ha..ha..

Just take it easy, two floors unit in renaissance 1000 is better than a pigeon hole. If you want to invest in that size , I'll suggest the niche at Christ the king can yield much better return... If your stupid enough to pay 75k for a hole plus double dues....

tylerdude

January 25th, 2012, 01:59 PM

hmm..may napipikon easy..easy ikaw nagsabi 45k persqm ibig sabihin ibebenta ng owners mas mababa sa kuha nila para bumili sa MPLACE. ha..ha..

Brilliant! Ang talino mo talaga. I hope renaissance owners can read this thread so they can follow your brilliant idea.

frank.bruno

January 25th, 2012, 03:17 PM

Brilliant! Ang talino mo talaga. I hope renaissance owners can read this thread so they can follow your brilliant idea.
Thank you...thank you..he..he...maraming salamat po...ang question lang dyan kung may bibili?

todjikid

January 25th, 2012, 10:33 PM

magicpips

January 26th, 2012, 05:53 PM

Used to be really cheap, bare finish. Inspite of the RCHAI issue, SMDC has marketed this project well i guess.

UNIT AREA: 20.32
UNIT: 2033
TOWER : 1
DATE : 29-Oct-2010
NAME: SAMPLE
DESCRIPTION: STUDIO UNIT
TLP: 1,077,773

Yes, SMDC's introductory price has always been cheap with very attractive terms. Then they increase the price regularly to push buyers to buy right away. They will tell you, "tataas na next month so best to buy now. So many people bought already." Then they'll increase the price and those who bought will feel good because their investment has "increased in value". Then from time to time, they'll give promo discounts for a given time to get more sales. In essence, they are able to "fix" the price or market value of their condos. It's a brilliant strategy that Megaworld also does. I'm just not sure how this really affects the real property values of condos in general or when you want to resell your property if you'll be able to find a willing buyer easily. Maybe, maybe not. Who knows...