View Full Version : MAKATI | One Rockwell [55F+45F|202m+165m|res]
richpol September 16th, 2005, 07:32 PM Pic posted by Edmundtanso
http://edmundtanso.smugmug.com/photos/43947060-L.jpg
...The two new buildings that will rise in blocks 9 and 10 of Rockwell boasts of designs that will permanently change Makati's landscape...
The first building creates an appearance of 3 or 4 buildings via a set of terraces which according to the designer was inspired by the Banaue Rice Terraces...The cylinder building will have 52 floors while the zigzag building will have 45 storeys
Rockwell officials revealed that the project will be launched by year end and completion will be 4-4.5 years.
THIS BUILDING IS DESIGNED BY Arquitectonica, same designer as Pacific Plaza Towers in BGC
Lili September 16th, 2005, 08:18 PM The description sounds very interesting -- Banaue Rice Terraces inspired. I'd like to see a clearer rendering.
marites4 September 16th, 2005, 09:44 PM Damn that looks awesome, I bet the price is awesome too.
rustyboi September 16th, 2005, 10:00 PM cool! :cool: i hope the Lopez Tower will be built too :D
renell September 17th, 2005, 01:38 AM Well, yes, I like the local-inspired designed, though I guess the name isn't following the Rockwell "tradition" of heroes' names:D anyways that's not much of relevance, I like both of those designs.
geebeng September 17th, 2005, 03:15 AM luv it! very nice, will blend well with current and completed rockwell projects.
thomasian September 17th, 2005, 03:34 AM Wow, that looks awesome, it seems to look better and glassier than Joya and Manansala.
The cylinder tower looks very Rizal Tower-ish.
The terraced tower on the other hand looks so wide, enough to block a lot of the view of Metropolitan on that side.
ryanr September 17th, 2005, 05:34 AM :eek2: I love it! Very interesting contrast between the two buildings...one curved cylinder building, the other sharped-edged zigzag building. So they are residential?
thomasian September 17th, 2005, 05:47 AM I think they are.
ryanr September 17th, 2005, 05:53 AM So where exactly will this be built? Can someone mark it on a Rockwell map?
thomasian September 17th, 2005, 05:55 AM I have one, wait.
thomasian September 17th, 2005, 06:02 AM http://i23.photobucket.com/albums/b358/thomasian/Rockwell.jpg
tyronne September 17th, 2005, 06:13 AM super! :okay:
thomasian September 17th, 2005, 06:20 AM Imagine all of these (together with the 5 original towers) lighted-up with the Rockwell trademark yellow "outline" lights.
ryanr September 17th, 2005, 06:21 AM Hahaha...how evil for the Lopezes to do that (blocking Metropolitan's Bay view).:)
Thanks Aaron for that. They will have to demolish the starbucks there, then:D
thomasian September 17th, 2005, 06:23 AM ...and also the Rockwell Information Center there.
tyronne September 17th, 2005, 06:27 AM ano po yung bldg sa middle, sa may pinakababa? thanks.
ryanr September 17th, 2005, 06:28 AM ^^ I dont think there is an existing building there right now.
tyronne September 17th, 2005, 06:29 AM oh ok. so maybe a site for future development then. thanks greyx :)
marites4 September 17th, 2005, 06:52 AM demolish Starbucks.. sayang. What about the salon infosys
marites4 September 17th, 2005, 06:54 AM wawa naman yung mga bumile ng unit sa Metropolitan.
richpol September 17th, 2005, 01:52 PM hey, can anyone scan the newspaper clip? It's on the Philippine Star last Friday, @ Real Estate Section 1. how can i take a picture of it so that it won't reflect?
renell September 17th, 2005, 02:31 PM Hahaha...how evil for the Lopezes to do that (blocking Metropolitan's Bay view).:)
Thanks Aaron for that. They will have to demolish the starbucks there, then:D
it's not evil, it's called maximising their space. Surely the Lopez wouldn't go up to the developers of the Metropolitan and go "hey mate, are we blocking your view"
though I don't really mind seeing in the morning those two good looking designs
@richpol, trying using a tripod, removing the flash then maybe a 10 sec timer to take the photo
richpol September 17th, 2005, 02:59 PM i guess this is better :)
http://i6.photobucket.com/albums/y250/rich_168us/Rock.jpg
I'm not too keen about the name. maybe it's not the official name
bustero September 17th, 2005, 04:23 PM So this is the arquitectonica design. But seriously another gate way!
ryanr September 17th, 2005, 06:25 PM it's not evil, it's called maximising their space. Surely the Lopez wouldn't go up to the developers of the Metropolitan and go "hey mate, are we blocking your view"
LOL...i was just kidding. Besides, im sure it was in Rockwell's masterplan (hidden masterplan) even before Metropolitan was proposed. It is afterall, in the Rockwell map, not accurately but shows buildings on the site.
Edmundtanso September 18th, 2005, 05:39 AM beautiful! finally a descent design! i hope to see more foreign architects designing future buildings!
renell September 18th, 2005, 06:33 AM ^ well rockwell has always been producing top designs. they look pretty tall too don't they?
richpol September 18th, 2005, 07:30 AM The New Rockwell Development from Philippine Star
...The first buidling creates an appearance of three of four buildings via a set of terraces which according to Fort Brescia (Italian architect) was inspired by the Banaue Rice Terraces. And because the folds will create several corners instead of four, residents can choose their preferred view unlike in a rectangular building.
"The vista avoids other buildings. The folding allows you to skip the other buildings. Some people want to look at an open field, or Makati, or Rockwell. Because of the distorted proportion, the sun will hit the building in several ways, creating light, shadow, light and shadow."
Meanwhile, the second building is more curvilinear, consisting of two Cs that do not meet. One is higher than the other on top, the pool cascades to another pool. They are basically two cylinders sliding pass each other. "It is more interesting than a cylinder. There is a dynamic aspect to it, some movement," he added.
Fort-Brescia says while the two buildings are a contrast of curve and angle with one having a softer natical form and the other sculpted and chiselled, the facade will eventually tie them together. The cylinder builidng will have 52 floors while the zigzag will have 45 storeys. Rockwell officilas revealed that the project will be launched before yearend and completion will be in four to four and a half years.
As planned, there will be a third building whose design will be more traditional, "I don't want three identical buildings," he pointed out.
ryanr September 18th, 2005, 07:33 AM Wow...its even better than i first thought/saw! I didnt realize the second building was two "C"s that dont meet. Amazing design there!
Completion before 2010? Sounds pretty good.
richpol September 18th, 2005, 07:45 AM Wow...its even better than i first thought/saw! I didnt realize the second building was two "C"s that dont meet. Amazing design there!
Completion before 2010? Sounds pretty good.
yes, i didn't notice it myself. Hope all plans will push through :)
OtAkAw September 18th, 2005, 08:01 AM How tall are they?
renell September 18th, 2005, 08:56 AM "The cylinder builidng will have 52 floors while the zigzag will have 45 storeys. Rockwell officilas revealed that the project will be launched before yearend and completion will be in four to four and a half years."
not bad at all;)
Edmundtanso September 18th, 2005, 09:08 AM very nice....the curve buiding reminds me of the proposed manila golf crest in fort bonifacio before the asian crisis.......i think it was the same architect
SKYLINEPIGEON September 18th, 2005, 09:58 AM Well, yes, I like the local-inspired designed, though I guess the name isn't following the Rockwell "tradition" of heroes' names:D anyways that's not much of relevance, I like both of those designs.
and to think that rockwell is american name and all buildings are named after filipino heroes or artists???
carlo pontevedra September 18th, 2005, 12:52 PM and to think that rockwell is american name and all buildings are named after filipino heroes or artists???
If my memory serves me right, the name Rockwell came into being since the old Meralco Power Plant used to sit on the rocky hills of Makati. The said place actually was a quarry for escombro stones.
carlo pontevedra September 18th, 2005, 12:54 PM The New Rockwell Development from Philippine Star
...The first buidling creates an appearance of three of four buildings via a set of terraces which according to Fort Brescia (Italian architect) was inspired by the Banaue Rice Terraces. And because the folds will create several corners instead of four, residents can choose their preferred view unlike in a rectangular building.
"The vista avoids other buildings. The folding allows you to skip the other buildings. Some people want to look at an open field, or Makati, or Rockwell. Because of the distorted proportion, the sun will hit the building in several ways, creating light, shadow, light and shadow."
Meanwhile, the second building is more curvilinear, consisting of two Cs that do not meet. One is higher than the other on top, the pool cascades to another pool. They are basically two cylinders sliding pass each other. "It is more interesting than a cylinder. There is a dynamic aspect to it, some movement," he added.
Fort-Brescia says while the two buildings are a contrast of curve and angle with one having a softer natical form and the other sculpted and chiselled, the facade will eventually tie them together. The cylinder builidng will have 52 floors while the zigzag will have 45 storeys. Rockwell officilas revealed that the project will be launched before yearend and completion will be in four to four and a half years.
As planned, there will be a third building whose design will be more traditional, "I don't want three identical buildings," he pointed out.
I can't wait for the third building, but I hope it'll go higher than 52 floors, or 60+ maybe to rival the Saint Francis?
richpol September 18th, 2005, 01:57 PM and to think that rockwell is american name and all buildings are named after filipino heroes or artists???
what are the buildings named after filipino heroes/artists? i know Rizal.. hehe maybe Manansala, or JoyA?
carlo pontevedra September 18th, 2005, 02:15 PM what are the buildings named after filipino heroes/artists? i know Rizal.. hehe maybe Manansala, or JoyA?
Rizal, Manansala, Luna, Hidalgo & Joya
carlo pontevedra September 18th, 2005, 02:18 PM Rizal, Manansala, Luna, Hidalgo & Joya
Forgot to include AMORSOLO!
xandro September 18th, 2005, 04:30 PM i read this in the newspaper as well. great design indeed! the 2 buildings would indeed be a great addition to rockwell.
hey, can anyone scan the newspaper clip? It's on the Philippine Star last Friday, @ Real Estate Section 1. how can i take a picture of it so that it won't reflect?
if you still want a scanned image, i can still do it.
thomasian September 18th, 2005, 04:46 PM "The cylinder builidng will have 52 floors while the zigzag will have 45 storeys. Rockwell officilas revealed that the project will be launched before yearend and completion will be in four to four and a half years."
not bad at all;)
52 floors beats Metropolitan's 48.
Now with Rockwell's new towers launched, Metropolitan can't claim to be the tallest edifice to rise in that area.
c0kelitr0 September 19th, 2005, 03:18 AM OMG!!! Those are really awesome!!!! Build them now!!!!! Can't wait! we need more office space!!! :D
ryanr September 19th, 2005, 03:24 AM ^^ But they are residential;)
c0kelitr0 September 19th, 2005, 03:26 AM ohhhh...they look like office buildings...too bad... :( ...
on the other hand, i forgot they have the Lopez Centre in mind for office space...i'm pretty sure, it's just a matter of time...
mhe-ann September 19th, 2005, 05:30 AM awesome design! :bow:
xandro September 19th, 2005, 06:33 AM i looked at the newspaper artice again and noticed that in the other picture, the third building is included but partly being covered by fort-brescia's hand. in any case, here's the image.
http://i4.photobucket.com/albums/y110/lexreyes/bfb.jpg
looks like straight lines will define the other building.
SKYLINEPIGEON September 19th, 2005, 07:38 AM is rockwell all residential units
renell September 19th, 2005, 08:54 AM at the moment, with the exception of Nestle and Phinma, which I don't think are available for rental but rather for tailor-made use, yes.
Aragon September 19th, 2005, 12:06 PM If my memory serves me right, the name Rockwell came into being since the old Meralco Power Plant used to sit on the rocky hills of Makati. The said place actually was a quarry for escombro stones.
it was because the powerplant was named after MERALCO's first president---Mr. _______ Rockwell
carlo pontevedra September 19th, 2005, 12:34 PM it was because the powerplant was named after MERALCO's first president---Mr. _______ Rockwell
I stand by my statement.
rmn September 19th, 2005, 01:19 PM A suggested name for the project: The Luz Towers, Rockwell.
The Conception clan, of RFM fame, and the family behind The Metropolitan are related to the Lopez's.
Francis20 September 19th, 2005, 03:13 PM haha...so this will be the ones to block Metropolitan's view eh? Seems very premature. Joya is still underday. Rockwell does not usually do that. Actually Manansala also have that yellow neon light outline, but ive only seen it once. maybe a dry run.
The lower tower looks very expansive, and indeed, it will be successful in blocking Metropolitan's view.
OtAkAw September 19th, 2005, 04:07 PM This should be interesting... How many years would it take for them to be completed?
c0kelitr0 September 20th, 2005, 03:09 AM i can just imagine makati's skyline with those sweet towers!!
Edmundtanso September 20th, 2005, 06:14 AM whi is bernardo fort brescia? is he from arquitectonica (the architect)?
ryanr September 20th, 2005, 06:19 AM Wow...i just visited arquitectonica's website, and their designs are amazing. At first i thought they were a local firm, but it turns out they are international from the US
Rockwell Gateway's tall tower closely resembles another tower design they did for a Miami Mixed-used project.
c0kelitr0 September 20th, 2005, 06:25 AM cool, so they designed The Podium as well...
ryanr September 20th, 2005, 06:26 AM If they did the Podium, does it mean they will do the whole SM-KS project? I remember another firm designing it though
EDIT: Oh nevermind...i read their caption in their website
c0kelitr0 September 20th, 2005, 06:28 AM Well, hopefully!
c0kelitr0 September 20th, 2005, 06:39 AM I wrote an email asking information and more pics about this project :D hope they'll give us a reply!
xandro September 20th, 2005, 07:12 AM whi is bernardo fort brescia? is he from arquitectonica (the architect)?
he's the principal architect of architectonica (based in miami). you can check out their website. there's a bit of info about him.
Edmundtanso September 20th, 2005, 09:59 PM an okay...he've aged
geebeng September 21st, 2005, 01:08 AM visited arquitectonica's website --- WOW! lots of amazing projects. Hope they design BGCs inner circle :)
tyronne September 21st, 2005, 05:14 AM while playing SimCity4 a while ago, Mcarthy Condos grew out in my city and somehow it reminds me of the shorter tower of the Rockwell Gateway :D
look...
http://internet.ggu.edu/~tragudo/mcarthy_condos.jpg
thomasian September 21st, 2005, 05:19 AM it does resemble the shorter tower.
ryanr September 21st, 2005, 05:34 AM while playing SimCity4 a while ago, Mcarthy Condos grew out in my city and somehow it reminds me of the shorter tower of the Rockwell Gateway :D
look...
http://internet.ggu.edu/~tragudo/mcarthy_condos.jpg
So thats why i thought Rockwell Gateway looks so familiar! I have tons of Mcarthy Condos in my cities:D
richpol September 21st, 2005, 02:24 PM ^^ cool! i can't seem to make my cities grow in Sim CIty 4 :)
chymera00 September 21st, 2005, 02:51 PM ^^ cool! i can't seem to make my cities grow in Sim CIty 4 :)
that's coz u suck ... lol :)
c0kelitr0 September 22nd, 2005, 03:21 AM richpol hehehe...be a good mayor
c0kelitr0 September 22nd, 2005, 09:49 AM here's their reply to my email:
The client has told us that they will release images in November. Please contact me again at that time and I will see if I can provide.
Sincerely,
Dennis W. Wilhelm, Archivist
ARQUITECTONICA
801 Brickell Avenue, Suite 1100
Miami, FL 33131
Phone: 305.372.1812 ext. 345
Fax: 305.372.1175
dwilhelm@arquitectonica.com
www.arquitectonica.com
The information contained in this email transmission is privileged and confidential. If you are not the intended recipient, nor the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any dissemination or copying of this transmission (including any attachments) is strictly prohibited. If you have received this E-mail in error, please notify the sender by email reply.
richpol September 22nd, 2005, 05:48 PM Hey, i found a building that is very similar to Rockwell gateway's 1st building @ the Arquitechtonica website under residential projects. and i attached this to the sim city 4 building: and we get this:
http://i6.photobucket.com/albums/y250/rich_168us/untitled11.jpg
vs.
http://i6.photobucket.com/albums/y250/rich_168us/Rock.jpg
ryanr September 22nd, 2005, 06:40 PM Yeah, that building is in Miami (i dont know if its already built tho).
Edmundtanso September 22nd, 2005, 10:21 PM i saw that building also on their website, very similar to rockwell project.
thomasian September 23rd, 2005, 05:34 AM Parang clone.
geebeng September 23rd, 2005, 07:16 AM reminds me of new york new york in vegas
daDJ September 23rd, 2005, 08:12 AM i looked at the newspaper artice again and noticed that in the other picture, the third building is included but partly being covered by fort-brescia's hand. in any case, here's the image.
http://i4.photobucket.com/albums/y110/lexreyes/bfb.jpg
looks like straight lines will define the other building.
i think the 3rd building follows the form of the manansala - very traditional & linear
daDJ September 23rd, 2005, 08:17 AM Wow...i just visited arquitectonica's website, and their designs are amazing. At first i thought they were a local firm, but it turns out they are international from the US
Rockwell Gateway's tall tower closely resembles another tower design they did for a Miami Mixed-used project.
Arquitectonica is a Miami-based architectural design firm. Check-out Emporis for other buildings designed by Arquitectonica.
rmn September 23rd, 2005, 02:53 PM Arquitectonica was supposed to design the 2nd phase of the stalled Andrea North development by PhilRealty along Aurora Boulevard. ;)
Sou-jiro September 24th, 2005, 01:34 AM so far i reckon thats the best design so far in rockwell...i reckon anyway....(that is if it does turn out as rendered)...
richpol September 24th, 2005, 05:55 AM buildings like these definitely give character to the area, just as Pacific Plaza Towers did in BGC
Aragon September 25th, 2005, 07:32 AM http://i23.photobucket.com/albums/b358/thomasian/Rockwell.jpg
wow the double C shape building was on the original plan
Francis20 September 25th, 2005, 11:30 AM it is? then it must not be intended to block metropolitan's view after all.
renell September 26th, 2005, 04:16 AM well it only blocks a couple of the Metropolitan units' view... though the other two buildings don't look like they're in the masterplan. Of course they won't say it's "blocking" but rather maximizing their space, along with getting their own back:D
thomasian September 26th, 2005, 06:27 AM wow the double C shape building was on the original plan
It does look similar but it's on a different location because it is located on where the terraced tower should've been. IMO, those buildings in the rendering are just for conceptual purposes.
it is? then it must not be intended to block metropolitan's view after all.
ryanr September 26th, 2005, 06:27 AM ^^ Yeah, i noticed that too.
absent-minded September 29th, 2005, 08:27 AM nice! Rockwell Gateway does look really nice!! the name's not that great though. haha! and too bad it's not going to be an office complex... either of the towers would look good as office buildings. haha!
I love the "glassiness". hahaha! and the height...!! they'll blend right into Rockwell no problem! haha except for Philtown and The Metropolitan, that is. sayang... they even revised The Metropolitan to make it look better and stuff. haha
seems like Rockwell released it as fast as they could since the rumours first came out. hahaha maybe just for the competition....?
Francis20 September 29th, 2005, 06:21 PM What about moving Metropolitan to a place where Gateway's blocking is less effective? Maybe Metropolitan will wait till it sees digging of Rockwell Gateway. Or has Philtown started construction now?
renell September 30th, 2005, 03:52 AM well they've planned a lot of the things haven't they? in theory it's a good idea, but i don't think their lot is that big to move the building. oh i dunno:D
bustero September 30th, 2005, 05:58 AM What about moving Metropolitan to a place where Gateway's blocking is less effective? Maybe Metropolitan will wait till it sees digging of Rockwell Gateway. Or has Philtown started construction now?
eh medyo, may crane na yata nung last tiningnan ko!
marites4 September 30th, 2005, 06:04 AM Metropolitan will build those nice lofts only to be blocked by Rockwell gateway.
MetropolitanBoy September 30th, 2005, 11:41 AM That should be OK. At least the lofts will be facing stunning buildings. I really don't see a bad thing from this development. Infact the angular tower is situated in such a way that the residents of both developers won't bluntly block each other. The design of this building will slightly block the view of some units of The Metropolitan. Not a big problem. :)
Francis20 September 30th, 2005, 12:46 PM hopefully. but sales of metropolitan might level off because of the blocking stuff. how has the market fared so far?
3cr September 30th, 2005, 10:06 PM Guys/Gals,
Have there been any traffic flow studies, provisions (widening roads etc.), and contingency plans made and to be implemented to ease the congestion created when all these condo developments in Rockwell are built. Mukha lang kasi the area will be so congested and so dense that there will be hell a traffic going in and out of this semi-isolated self-contained neighborhood especially during the weekdays (rush hour). It would be a shame if there was none.
Btw Philtown has been offering whatever units are left in the Metropolitan to investors willing to invest Php30M at Php55,000/SQM. which translates to about 500SQM total in any unit combination and several parking slots for Php30M. I don't know if this great (aggressively priced) offer is a result of its sales in Metropolitan leveling off and if the proposed Rockwell Gateway and Lopez building blocking its view has anything to do with it. For details about this offer (if they still have this offer), please contact Philtown. I myself found out about this when I attended Philtown's US roadshow in San Francisco California.
MetropolitanBoy October 21st, 2005, 08:12 AM I have a friend who works as an agent for Rockwell Land. He told me that they're calling this project 'One Rockwell'. The shorter and angular building is nicknamed 'Z Tower' with apartments priced at P75,000 per sqm. It will be the first one built. The oval shaped building will be built after the 'Z Tower'. There will be a "floating porte-cochere" above another one(it seems that there will be two driveways for this monumental project).
The view of the 'Z Tower' won't be completely blocked by The Metropolitan as the structure is designed to give its residents a view in-between Manansala and The Metropolitan. Thus, The Metropolitan will have a sliver of a view of the Makati skyline. So the bird's eye view of the center (the space in between Manansala, 'Z Tower' and The Metropolitan will be triangular in shape). This project will be more expensive than Joya. The association dues will be pegged at P65 per sqm. Versus P75 per sqm for Rizal Tower and P55 per sqm. for The Metropolitan. :)
rustyboi October 21st, 2005, 11:03 AM ^^ great infos! thanks. One Rockwell is one of many exciting developments we expect in the metro, especially in rockwell.
just to clarify, they will start building the oval-shaped tower only when the Z Tower is finished? or not necessarily?
thanks.
MetropolitanBoy October 24th, 2005, 02:56 AM That detail, I'm not sure of. :)
renell October 24th, 2005, 10:11 AM I guess we'll find out by seeing the differences in finishing/handover date. Though if I was a buyer, I would want my building, especially my unit finished asap.
tigidig14 November 5th, 2005, 07:31 AM this might be redundant to others but i just wanna shout this....
HEY, U GUYS SEEN THE COMMERCIAL OF THESE BUILDING IN TFC, VERY NICE HUH. I WAS ABOUT TO ASK MY MOM TO GET A UNIT FOR ME :lol:. THEY SAID "WITH THE Z-SHAPE LOFTIC UNIT." THE LADY WHO WAS MODELLING ARE PRETTY SYMBOLIC TOO, AND VERY NICE LOOKING ;). VERY GOOD COMMERCIAL OF SELLING A CONDO, AS FAR AS I KNOW.
rustyboi November 5th, 2005, 12:10 PM ^^ nice to hear that! how come its not shown here in the Phils.? hehe
thomasian November 5th, 2005, 04:59 PM Estrella st. on the right, Rockwell Drive on the bottom.
http://i20.photobucket.com/albums/b210/ofngol/one-rockwell_150_1.jpg
Notice the Elevated Driveway? ...such lush landscaping.
I love the cladding of this one, really cutting-edge like The St. Francis' cladding.
http://i20.photobucket.com/albums/b210/ofngol/one-rockwell_150_2-3.jpg
http://i20.photobucket.com/albums/b210/ofngol/one-rockwell_150_4-5.jpg
Edmundtanso November 5th, 2005, 05:11 PM wow....very nice watercolors! you guys see the ramp above the covered entry lobby between the 2 buildings? i like arquitectonica!
any updates on this project?
marites4 November 5th, 2005, 05:25 PM This will be a very impressive project once it's finished. If i can afford i would like a unit here. I like that Z concept but the pool at top can be nice but it would be damn hot.
thomasian November 5th, 2005, 06:28 PM This is Tower Number One
___________________________________________
ROCKWELL LAND is once again set to
introduce a real estate first. Come
November, a new residential tower
featuring a new unit type will be launched in
Manila. The soon to be built 44-story tower will
be situated at the entrance of the Rockwell
property, thus, the name ONE ROCKWELL.
“It will serve as a welcome structure to those
who will come here,” said Val Soliven, Rockwell
Land’s assistant vice president for sales and
marketing.
Soliven said that the Rockwell Land’s strongest
points remain to be its security and modernity.
The Rockwell compound, a sprawling 15-hectare
property, now has five residential units (Rizal
Tower, Hidalgo Place, Luna Gardens, Amorsolo
Square and The Manansala), under construction
in Joya Towers and Lofts set to be delivered in
June of 2008, a mall (Power Plant), a graduate
school (Ateneo) and a couple of business
buildings that all make up a “master planned
community.”
One Rockwell will feature a new product called
the “Z-unit.” This means that a unit will include a
passage across the floor corridor, thereby giving
the resident a view from both sides of the
building.
Unlike with Joya (now on street level
construction), wherein residents were given the
option of designing their own units, One Rockwell
will feature finished lofts and rooms.
There will also be retail stores on the ground
level, and common amenities such as a gym and
a pool. What’s different is that the garden and
pool will be located at the rooftop, giving
residents the ultimate urban pleasure of
experiencing leisure “on top of the world.” A
lobby to be situated on the second floor will have
glass walls, through which residents have a
panoramic view of what’s outside. There will also
be an elevated driveway easily accessible at the
tower’s entrance.
Soliven said they are continuously cultivating
their open spaces and gardens, and “giving
customers something that they don’t expect.”
Rockwell Land introduced landscaping as a
special part of real estate development here,
hey are also the first ones to have a showroom
in a mall and the first to introduce lofts in the
market.
Soliven said that because 80 percent of the
projected land space that they intent to use is
almost occupied, they are now looking into
expanding to Tagaytay and Baguio. They want to
leave a 40 percent open space in the Rockwell
property and continually improve on its
landscaping.
Asked about plans to expand abroad, she said,
“That’s a dream.” She added though that once
they have fulfilled plans inside plans inside the
Philippines, expanding abroad would not be
impossible.
Soliven relates that Power Plant is doing well
right now and they are more than happy with the
sales of the residential towers. A bulk of their
clients is urban professionals who are already
buying a place of their own. Another significant
set of their clients is Filipinos abroad.
“The FilAms was an untapped market,” she said.
But now that they have that market, Soliven says
that business is oiled up. “Fortunately we have
been spared from the past crisis, and we are
experiencing an upturn in sales.” Eventually,
most FilAms would want to come home to the
Philippines.
“They deserve to come home to a comfortable
place,” Soliven said. “They have worked hard for
it and now they can easily afford it.”
Those who have already purchased a unit from
Joya, which is still under construction, can use
other vacant units at the finished towers so that
they can have the Rockwell experience even in
their purchase is not yet ready. The company
gives this privilege for Filipino buyers who are
vacationing in or visiting the Philippines for a few
days. Clients can also receive assistance from the
company if they want to have their units rented
while they still cannot occupy it.
One Rockwell’s design consultants,
Arquitectonica, has been in the architecture,
interior design, and planning industry for 28
years. It has been recognized all over the world
for its excellence and innovation. Bernardo Fort-
Brescia and Laurinda Spear lead the firm that has
offices in Asia, United States, Latin American and
Europe.
Arquitectonica “stands out for its admirable
accommodation of urbanism, thus it is more than
fit for Rockwell’s vision of a “departure from the
accented and the common.”
Soliven and company will be touring the United
States for a series of road shows promoting One
Rockwell. Their preliminary schedule is: Nov. 19
and 20 – San Francisco and Los Angeles; Nov. 28
– San Diego and Washington; Dec 3 and 4 – New
York, New Jersey and Chicago.
gorio November 5th, 2005, 07:06 PM hi thomasian,
i noticed that the 'ritz carlton hotel' is located directly accross joya. it looks like it will block the west view of the joya towers. i'm on the 43rd floor and ritz i think will have at least 40th floor. i was hoping my floor would be higher than the ritz so my view would'nt be blocked. what do you think...
sorry guys, wrong thread.
tigidig14 November 5th, 2005, 07:54 PM this might be redundant to others but i just wanna shout this....
HEY, U GUYS SEEN THE COMMERCIAL OF THESE BUILDING IN TFC, VERY NICE HUH. I WAS ABOUT TO ASK MY MOM TO GET A UNIT FOR ME . THEY SAID "WITH THE Z-SHAPE LOFTIC UNIT." THE LADY WHO WAS MODELLING ARE PRETTY SYMBOLIC TOO, AND VERY NICE LOOKING . VERY GOOD COMMERCIAL OF SELLING A CONDO, AS FAR AS I KNOW.
^^ nice to hear that! how come its not shown here in the Phils.? hehe
u guys check ANC or anything like that, or tfc is only brodcasted here in states but i thought its everywhere including Alaska
ryanr November 5th, 2005, 08:56 PM Awesome!! Thanks for posting them, Aaron. I love the design, modern and contemporary. The cladding rocks:okay: and so does the landscapping.
Where did you get those btw?
ryanr November 5th, 2005, 08:58 PM hi thomasian,
i noticed that the 'ritz carlton hotel' is located directly accross joya. it looks like it will block the west view of the joya towers. i'm on the 43rd floor and ritz i think will have at least 40th floor. i was hoping my floor would be higher than the ritz so my view would'nt be blocked. what do you think...
sorry guys, wrong thread.
Ritz Carlton was supposed to be built on top a section of PowerPlant Mall. And i guess its safe to say that it has been cancelled.
jbkayaker12 November 5th, 2005, 08:59 PM I like the commercial for Joya with "Mamang Sorbetero" music, it shows different ways to decorate the lofts.
_zner_ November 6th, 2005, 06:00 AM i love the masterplan.. amazing...
thomasian November 6th, 2005, 06:59 AM Awesome!! Thanks for posting them, Aaron. I love the design, modern and contemporary. The cladding rocks:okay: and so does the landscapping.
Where did you get those btw?
www.e-rockwell.com
OtAkAw November 6th, 2005, 08:37 AM Awesome pics thomasian! The first one reminds me of Las Vegas!
marites4 November 6th, 2005, 09:59 AM It seems the units will not be as big as their previous projects. I assume to make the price seem more affordable.
rustyboi November 6th, 2005, 10:48 AM i saw One Rockwell print ad today in a newspaper :D too bad, no renderings.
3cr November 6th, 2005, 12:40 PM It seems the units will not be as big as their previous projects. I assume to make the price seem more affordable.
Maritess,
Mahal pa rin yan I bet. The Rockwell Grp./Lopez invested so much in developing Rockwell into what it is today so they are now reaping the benefits by being able to demand a higher price for these condo/loft projects. I think the best priced condo development in Rockwell is not from The Rockwell Grp./Lopez but from Philtown - The Metropolitan. I have been told that investors can purchase at P55T-$60T/SQM in The Metropolitan which I think is a great price for this area and none of the Rockwell Grp./Lopez projects can even come close to this price. But before I get accused of "bashing", I only said best priced in Rockwell, not necessarily best looking/designed. But it ain't shabby either. :)
weirdo November 6th, 2005, 02:41 PM ayos to. antagal nga lang matatapos.
renell November 7th, 2005, 06:29 AM hmm... interesting it has a skydeck at the 41st floor, is that top floor? anyways.. it says in the site that its lofts will be 19 feet to the ceiling.
3cr November 7th, 2005, 10:40 AM i saw One Rockwell print ad today in a newspaper :D too bad, no renderings.
They were also advertising in TFC (the Filipino Channel) the Z-loft concept and rendering of One Rockwell, probably in anticipation of Rockwell Grp's/Lopez's U.S. roadshow. Galing the Z-loft concept: bedroom window view on one side of the building and the living room window view on the opposite end so you get views from both ends of the building in one unit. I also think architecturally this will be Rockwell's best looking building development yet. Definitely will sell like hotcakes even at the expected higher prices!
Francis20 November 8th, 2005, 09:07 AM It says from the sunday ad that you could have a taste of the sunrise from one end of your unit and the sunset on the other end. this is the first time i would hear about this as the selling point. very possible since the tower is Z-shaped. i wonder if Shang also used the same concept.
thomasian November 9th, 2005, 05:15 AM No, it's not the shape of the tower that makes having east and west views possible.
Its the "Z" shaped units that makes it possible because the units cross from one side of the corridor to the other by way of a passage that runs across the floor corridor.
c0kelitr0 November 10th, 2005, 11:22 AM http://i6.photobucket.com/albums/y215/jafhoy/RockwellGateway.jpg
renell November 10th, 2005, 12:01 PM so there are three beauties?:? bloody hell that looks tops..... :yes: :drool:
Edmundtanso November 10th, 2005, 08:43 PM http://edmundtanso.smugmug.com/photos/43947060-L.jpg :runaway:
ryanr November 10th, 2005, 09:34 PM Yes, much better rendering!:master:
c0kelitr0 November 11th, 2005, 02:22 AM oh god that looks awesome!
Lili November 11th, 2005, 02:40 AM Are those plexiglass roofs I'm seeing on the ovaloid building and the quadrangle-shaped building?
renell November 11th, 2005, 07:06 AM heheh you can see a somewhat accurate representation of Metropolitan in the right of the building;)
those buildings are :eek2:
Edmundtanso November 11th, 2005, 07:18 AM Are those plexiglass roofs I'm seeing on the ovaloid building and the quadrangle-shaped building?
could be plexiglass or glass and lots of openings with grids..
thomasian November 11th, 2005, 09:55 AM astig talaga :okay:
3cr November 11th, 2005, 10:20 AM http://edmundtanso.smugmug.com/photos/43947060-L.jpg :runaway:heheh you can see a somewhat accurate representation of Metropolitan in the right of the building;)
Yup you're right. I do see the Metropolitan's outline at the right hand side. Now I have a better understanding just how badly The Metropolitan's Makati view will be blocked by One Rockwell just as One Rockwell's Greenhills/Ortigas view will be partially blocked by The Metropolitan as well. Guess it's tit for tat.
mhe-ann November 11th, 2005, 01:05 PM gorgeous! elegant! astig!
LhexiMont November 11th, 2005, 02:22 PM If I happen to have money for investment in a condominium unit , I will not invest in this condos located in micro CBD such as Rockwell , Eastwood if I am after the view. For sure , the view will surely be blocked by newer and higher developments a few years after since these developers will built on every available space in their crampy land.
OtAkAw November 11th, 2005, 04:30 PM They're like luxury Hotel Towers! Imagine if one is Ritz-Carlton and the other is Le Royal Meridien, wow!
marites4 November 11th, 2005, 05:22 PM If I happen to have money for investment in a condominium unit , I will not invest in this condos located in micro CBD such as Rockwell , Eastwood if I am after the view. For sure , the view will surely be blocked by newer and higher developments a few years after since these developers will built on every available space in their crampy land.
where will you invest then.
_zner_ November 11th, 2005, 05:53 PM theres no more good views nowadays in the metro...
Francis20 November 11th, 2005, 07:03 PM good observation there! Metropolitan is indeed on the rendering. and the whole expanse of the two towers combined blocks its view on that direction! too bad! but if the distance is considerable, the blocking effect would not be that much!
and Joya Lofts are also there! and they look a lot smaller than these ones.
3cr November 12th, 2005, 12:16 AM I saw a TV show hosted by Cito Beltran and Cheryl Cosim yesterday at TFC here in California and they had reps from the Lopez/Rockwell Grp discussing One Rockwell, the Z loft concept and the future Rockwell developments in general.
Apparently the pre-selling launch of One Rockwell will be sometime this November and they will be offering several payment plans like: a 10% down, 0% 5 year interest free in-house financing with monthly payments as low as $300.00 (or around P15T). They also mentioned that studio units will start around $70T, a 1 bedroom unit will range from from $120T-$180T while a 2 bedroom unit will start around $200T and up. These are all fully finished units including the Z-lofts. I think the delivery date for One Rockwell will be sometime late 2010 since it was mentioned that it will be 5 year project (whatever that means). I am assuming they meant construction time.
The Z-loft concept is basically Rockwell's take on a split level floorplan where the bedroom window view is on one side of the building and the living room window view on the opposite end so you get views from both ends of the building in one unit. It was also interesting to find out, as it mentioned by one of the reps/guest, that the Z-loft is almost double the height so it will be high enough that a unit owner can turn the loft space into a full 2nd floor unit if the need for additional space ever arises.
They also mentioned that the 15 hectare Rockwell compound in Makati is already more than 80% built up so they only expect a few more buildings to be constructed before moving on to other future projects where areas such as Tagaytay and Quezon City were mentioned. Surprisingly they did not mention any Rockwell expansion plans beyond the existing compound. I guess that's all I picked up from the 1 hour show. Hope this helps.
renell November 12th, 2005, 03:00 AM Hmm... few more buildings to be constructed. It would be cool if the Lopez Center joined the list of 200+ buildings, and going head-to-head against Skycity. Years ago we were writing both of them off, now there is hope:yes:
marites4 November 12th, 2005, 03:04 AM It's a shame their space is limited. Rockwell turned out so nice.
OtAkAw November 12th, 2005, 05:21 PM It really did, if the entire Metro Manila looks like Rockwell (IMPOSSIBLE! even new york is not!), well it's just an "IF" statement, MM will become heaven!!! For city-dwellers, urbanites, socialites and city slickers of course!!!
pau_p1 November 13th, 2005, 07:54 AM The Z-loft concept is basically Rockwell's take on a split level floorplan where the bedroom window view is on one side of the building and the living room window view on the opposite end so you get views from both ends of the building in one unit.
uhmmm... where would the lobbies be?... is this true to all units on a floor? or only for corner units only?...
3cr November 13th, 2005, 12:52 PM uhmmm... where would the lobbies be?... is this true to all units on a floor? or only for corner units only?...
Pau,
I'm sure meron lobby yan, though they didn't talk about it in the Show. Pati nga yung building design and architecture was not discussed; though pictures of One Rockwell and the Z-loft were shown. It's actually the Z-loft concept that they spent time discussing. They said the main design feature of this building is the Z-lofts but I think only certain portions/floors of the said building will be for the lofts. The majority of the units/floors I suspect will still be the traditional condo to maximize the number of unit owners/investors. I hope someone from Rockwell Sales can shed more light on this latest project of their's. :)
tigidig14 November 13th, 2005, 07:02 PM up to the roof tal'ga yung advertising nitong condo'ng 'to sa chicago. everyone knows and talks about this. i think it will be first come first serve to get a unit in dec 3. i think they should add 4 more buildings. hehehe
sista November 14th, 2005, 04:54 AM http://edmundtanso.smugmug.com/photos/43947060-L.jpg :runaway:
*speechless* :eek2:
ryanr November 14th, 2005, 08:17 AM any height figures? i want to post it in the main forums.:)
renell November 14th, 2005, 08:39 AM good question. I'd like to know as well. but we don't have any Rockwell reps around here do we?
Jefferyi November 18th, 2005, 07:57 AM Just saw the commercial for this in TFC and even though it showed the same pix Ive seen here, iba talaga ang effect with that amazing rendition of an old Pinoy song. Anyways is it really true that you can get a unit(studio?) for only 150 bucks a month???Its just seems too unbelievable knowing that even someone working at BurgerKing or minimum wage can afford one.
mhe-ann November 18th, 2005, 08:09 AM ^ USD150 :?
Francis20 November 18th, 2005, 09:34 AM so it's selling like hotcake (or pancake as per Edmund...hehe...peace ed) in chicago?
usd 150 is relatively cheap. but guys, don't be deceived by the monthly amortization na inaadvertize. if you spread the principal in 36 months with a single digit interest (compounded)...you will be shocked by how far the money will stretch. like almost twice the principal. i guess USD 150 will be paid on long durations.
the ideal scheme is paying the same amount in a shorter period of time. or maybe paying it cash...if you have the money. not really savvy into these stuff...magpapaturo pa ako sa kaibigan kong civil eng who studied eng'g economics ata yun.
Jefferyi November 18th, 2005, 09:46 AM so it's selling like hotcake (or pancake as per Edmund...hehe...peace ed) in chicago?
usd 150 is relatively cheap. but guys, don't be deceived by the monthly amortization na inaadvertize. if you spread the principal in 36 months with a single digit interest (compounded)...you will be shocked by how far the money will stretch. like almost twice the principal. i guess USD 150 will be paid on long durations.
the ideal scheme is paying the same amount in a shorter period of time. or maybe paying it cash...if you have the money. not really savvy into these stuff...magpapaturo pa ako sa kaibigan kong civil eng who studied eng'g economics ata yun.
Yea exactly, I was thinking maybe it might be $150/month but youd end up paying 100% more in the long run.
Dvorak November 18th, 2005, 01:08 PM usually yang mga low monthly na yan eh hindi totoo..
$150 a month nga.. tapos siguro every quarter may balloon payment nang US$5,000.00!!
same sa Cityland.. ang advertisement nila eh less than Php9T a month.. tapos if you inquire.. eh halos every 3 months may 50T payment.. tapos after 5 years.. may bulk payment pa na 500T yata..
Yea exactly, I was thinking maybe it might be $150/month but youd end up paying 100% more in the long run.
marites4 November 18th, 2005, 05:28 PM ^correct. it's an ad gimmick. big baloon payments and big downpayments.
MetropolitanBoy November 21st, 2005, 05:53 AM My friend from Rockwell Land just told me that the most expensive apartment would be the last three floors of the Z-Tower. It would cost around P40M which will include a private garden and a private infinty pool. Sweet! I wish I win the lotto and buy that apartment. Hehehehehehe!
The oval tower will be built at the end of 2006.
gorio November 21st, 2005, 06:13 AM I HAVE A SAMPLE COMPUTATION OF THE STUDIO UNIT SENT TO MY FRIEND THRU EMAIL. DON'T THINK USD150.00 IS TRUE.
UNIT PRICE WID VAT USD49244.00
PARKING 12110.00
LESS INTRODUCTORY DISC 1841.00
TOTAL PRICE 59513.00
A. CASH OPTION LESS 20PCT DISC
B. 50-50 OPTION LESS 8PCT DISC
C. EASY MONTHLY AMORTIZATION FOR 5YRS
USD1835.00 RESVN FEE.
USD4116.00 10PCT DOWN
USD248.00 25PCT AMORTIZATION FOR 60MOS
USD3720.00 25PCT LUMPSUM ON 12TH/24TH/36TH/48TH MONTH
USD23805.OO 40PCT UPN TURNOVER
PS. OK BA TO PUT THIS INFO...
Dvorak November 21st, 2005, 06:19 AM wow.. so in pesos:
Php100,925 reservation
Php226,380 downpayment
Php13,640 for 60 months (total of Php818,400)
Php204,600 on the 12th,24th,36th and 48th month (total of Php818,400)
Php1,309,275 upon turnover
Total = Php3,273,380.00
How big is the studio unit?
I HAVE A SAMPLE COMPUTATION OF THE STUDIO UNIT SENT TO MY FRIEND THRU EMAIL.
A. CASH OPTION LESS 20PCT DISC
B. 50-50 OPTION LESS 8PCT DISC
C. EASY MONTHLY AMORTIZATION FOR 5YRS
USD1835.00 RESVN FEE.
USD4116.00 10PCT DOWN
USD248.00 25PCT AMORTIZATION FOR 60MOS
USD3720.00 25PCT LUMPSUM ON 12TH/24TH/36TH/48TH MONTH
USD23805.OO 40PCT UPN TURNOVER
PS. OK BA TO PUT THIS INFO...
geebeng November 21st, 2005, 08:05 AM My friend from Rockwell Land just told me that the most expensive apartment would be the last three floors of the Z-Tower. It would cost around P40M which will include a private garden and a private infinty pool. Sweet! I wish I win the lotto and buy that apartment. Hehehehehehe!
The oval tower will be built at the end of 2006.
so hindi pala for everybody yung pool sa rooftop?
Dvorak November 21st, 2005, 08:33 AM bukod yata yun.. yung big units.. may sariling pool sa loob nang unit..
so hindi pala for everybody yung pool sa rooftop?
thomasian November 21st, 2005, 08:56 AM Just like the Penthouse units in St. Francis, there's also a private pool.
marites4 November 21st, 2005, 09:16 AM My friend from Rockwell Land just told me that the most expensive apartment would be the last three floors of the Z-Tower. It would cost around P40M which will include a private garden and a private infinty pool. Sweet! I wish I win the lotto and buy that apartment. Hehehehehehe!
The oval tower will be built at the end of 2006.
I thought they said 2011 , five years time. whichone is it?
marites4 November 21st, 2005, 09:17 AM I HAVE A SAMPLE COMPUTATION OF THE STUDIO UNIT SENT TO MY FRIEND THRU EMAIL. DON'T THINK USD150.00 IS TRUE.
UNIT PRICE WID VAT USD49244.00
PARKING 12110.00
LESS INTRODUCTORY DISC 1841.00
TOTAL PRICE 59513.00
A. CASH OPTION LESS 20PCT DISC
B. 50-50 OPTION LESS 8PCT DISC
C. EASY MONTHLY AMORTIZATION FOR 5YRS
USD1835.00 RESVN FEE.
USD4116.00 10PCT DOWN
USD248.00 25PCT AMORTIZATION FOR 60MOS
USD3720.00 25PCT LUMPSUM ON 12TH/24TH/36TH/48TH MONTH
USD23805.OO 40PCT UPN TURNOVER
PS. OK BA TO PUT THIS INFO...
So where the heck is the 150$ mon. option. mmm.. false advertising ata yan ah.
MetropolitanBoy November 21st, 2005, 10:09 AM Hi Marites4. My bad, the groundbreaking for the oval tower is at the end of 2006. The Z-Tower will start construction at the 1st or 2nd quarter of 2006.
renell November 21st, 2005, 11:14 AM to think about it that's really far away I'll be 21 by then and some of us will probably be married and have kids:D or more kids for those already married;)
dudz November 21st, 2005, 03:58 PM maybe there will be some 'magkumare' and 'magkumpare' here:D! this is really a great project! just curious, is the rendering supposed to be the night rendering? if it is, then those blue and yellow horizontal lines must be lights!!
marites4 November 21st, 2005, 05:34 PM to think about it that's really far away I'll be 21 by then and some of us will probably be married and have kids:D or more kids for those already married;)
being 21 married with kids is too young dear. Help our pop. control and save it til your 30 or something.
renell November 21st, 2005, 11:16 PM i said some of us. I didn't say me oh dear I'm not planning for something that early I'll still be broke by then.
gorio November 24th, 2005, 08:18 AM dvorak, studio is 291 sq ft.
rustyboi November 24th, 2005, 08:35 AM being 21 married with kids is too young dear. Help our pop. control and save it til your 30 or something.
Yeah it's way too early to have kids at MY AGE. this shouldn't be an issue for rich families though. but heck too many years wasted to enjoy as a party animal if that's the case :D
Hopefully next year may own house na ko, faaar awaaay from my mum and dad :D hehe
tigidig14 November 24th, 2005, 08:54 AM being 21 married with kids is too young dear. Help our pop. control and save it til your 30 or something.
atleast you'll grow with your kids ;)
driftwood November 25th, 2005, 05:59 PM Meron ba kayong official website for this project? Or contact info?
thomasian November 26th, 2005, 03:18 AM www.e-rockwell.com ;) :naughty:
gorio November 28th, 2005, 08:30 AM ttp://i28.photobucket.com/albums/c248/gregadriano/RockwellONE001.jpg www.e-rockwell.com ;) :naughty:
Here is the picture of ONE ROCKWELL including the third building. This picture is on the 2006 calendar and the 'Rockwell Life' newsletter.
gorio November 28th, 2005, 08:32 AM ttp://i28.photobucket.com/albums/c248/gregadriano/RockwellONE001.jpg ttp://i28.photobucket.com/albums/c248/gregadriano/RockwellONE001.jpg
Here is the picture of ONE ROCKWELL including the third building. This picture is on the 2006 calendar and the 'Rockwell Life' newsletter.
gorio November 28th, 2005, 08:50 AM http://i28.photobucket.com/albums/c248/gregadriano/RockwellONE001.jpg www.e-rockwell.com ;) :naughty:hew.... finally after third try. hirap talaga mag post ng picture.
tigidig14 November 28th, 2005, 08:56 AM ^nice 3rd building eventhough all the design doesnt correlate to one another :D
gorio November 28th, 2005, 09:32 AM http://i28.photobucket.com/albums/c248/gregadriano/RockwellMasterPlan.jpg www.e-rockwell.com ;) :naughty:
The updated 'ROCKWELL MASTER PLAN'. The Z building looks like the 'STEALTH BOMBER".
renell November 28th, 2005, 11:32 AM hmm.. the building on the left of the rendering isn't in the new map of Rockwell, there's still that random fat oblong building
it's good to hear Rizal Tower is still in their plans;)
c0kelitr0 November 28th, 2005, 12:02 PM ^^ i thought rizal tower is already built? so it should be in the map.
Lopez Centre is still in the masterplan...perfect!
driftwood November 28th, 2005, 12:25 PM www.e-rockwell.com ;) :naughty:
Thanks, thomasian. :okay:
thomasian November 28th, 2005, 12:33 PM Rizal Tower is already built, between Luna and Hidalgo.
Maybe Renell is referring to Lopez Tower.
ryanr November 28th, 2005, 07:24 PM Yeah, renell meant Lopez Centre. And it looks like a hotel on top of Powerplant Mall's wing is still in the masterplan:okay:
Besides One Rockwell, they only need to build the building next to it, the hotel and Lopez Centre, then they are done!:)
thomasian November 29th, 2005, 07:03 AM The building next to One Rockwell is the third tower, which is the square one in this rendering.
http://i28.photobucket.com/albums/c248/gregadriano/RockwellONE001.jpg
ryanr November 29th, 2005, 07:07 AM ^^ Yeah, you're right. I didnt notice that rendering earlier. Very boxy and resembles Net One.:)
Aragon November 29th, 2005, 07:11 AM http://i28.photobucket.com/albums/c248/gregadriano/RockwellMasterPlan.jpg
The updated 'ROCKWELL MASTER PLAN'. The Z building looks like the 'STEALTH BOMBER".
gorio did you just made this up or the website edited their map
tyronne November 29th, 2005, 07:16 AM is that a helipad with a ferry terminal along pasig river? cool!
pau_p1 November 29th, 2005, 07:16 AM uhmm.. do you guys think that the bridge over Pasig River will still push through in the next few decades?.. hehee...
renell November 29th, 2005, 07:32 AM Rizal Tower is already built, between Luna and Hidalgo.
Maybe Renell is referring to Lopez Tower.
:bash: damn stupid me yeah Lopez tower:D
about that bridge, I remember a billboard being put up during the Estrada period. the ferry idea sounds cooler though, and probably faster
ryanr November 29th, 2005, 07:33 AM uhmm.. do you guys think that the bridge over Pasig River will still push through in the next few decades?.. hehee...
Oh! I didnt notice that on the masterplan:D I wish they build it soon.
gorio November 29th, 2005, 07:43 AM gorio did you just made this up or the website edited their map
ARAGON, I got the master plan from the ONE ROCKWELL catalog that my friend got for me during the LA roadshow last Nov. 19.
gorio November 29th, 2005, 08:06 AM ARAGON, I got the master plan from the ONE ROCKWELL catalog that my friend got for me during the LA roadshow last Nov. 19.
THIS IS THE TYPICAL HORIZONTAL SECTION OF THE ZLOFT 1BDRM UNIT. IT HAS BOTH SIDES OF THE BUILDING. I WONDER ABOUT THE BALCONY SINCE I DON'T SEE A DOOR.(?)http://i28.photobucket.com/albums/c248/gregadriano/ONEROCKWELLHORIZONTALVIEW.jpg
Aragon November 29th, 2005, 08:12 AM wow huge
thomasian November 29th, 2005, 09:11 AM ^^ Yeah, you're right. I didnt notice that rendering earlier. Very boxy and resembles Net One.:)
An article once said that they don't want three towers with similar designs and facade treatments so they opted for a more "traditional"
design for the third one.
tigidig14 November 29th, 2005, 10:25 AM nand2 na yata sila ng mga dec 1 or 2, i mana try to pass by, its like 10min away from my dad's house, sa vicinity lang sila ng O'hare :)
mysaong03 November 30th, 2005, 10:48 PM One Rockwell Z-type units: redefining perspectives
Have a cup of coffee as you watch the sleepy metro stir from your breakfast nook. Or catch a breathtaking sunset over the bay as you relax and sip a glass of vane.
Z-type lofts
These amenities and more can be experienced in a Z-type unit at Number One Rockwell.
"High-rise residential projects put a premium on horizons or views that it can offer future residents. Units on higher floors provide more unobstructed views, creating prime residential spaces," said Val Soliven, Rockwell Land Corp. assistant vice-president for sales and marketing, in a statement.
"With the Z-type design, we have raised the bar and created a new premium for residential spaces. Our Z-type units span the width of the building, which affords our future residents different vistas from one end to another," she added.
There are two kinds of residential units with Z-type design to choose from: split-level one- or two-bedroom units and the lofts.
Z-type split-level units have the main entrance, living and dining rooms, kitchen and toilet and bath room all on the lower floor on one end and the bedroom on the upper floor at the opposite end.
The Z-type lofts have redefined the concept of the Asian version of shop-houses. It is fitted into a tower to play up its loftiness with the elements of space, air and light.
"Z-type units are only available at Number One Rockwell. This latest addition to the Rockwell Center is Rockwell’s signature project that is envisioned to become the epitome of Rockwell Lifestyle. Number One Rockwell gives you a taste of the distinctive lifestyle and more," said Ms. Soliven.
One Rockwell is a two-tower project set to rise on a one-hectare block situated at the center’s gateway on Rockwell Drive in Makati City.
Retail outlets and a plaza on the ground level retain the charm of the Rockwell breakfast nook. An elevated circular private drop-off for residents, Z-type residential units and the roof-deck amenities level are innovations incorporated in the design of Number One Rockwell .
pau_p1 December 1st, 2005, 05:59 AM owww.. so that's how they say that each unit will have a view of both sides One Rockwell... hallways will be on odd-floors.... (or even-floors) only...
ryanr December 1st, 2005, 06:03 AM Cool...:cheer:
3cr December 1st, 2005, 09:08 AM dvorak, studio is 291 sq ft.
I wonder just how big the Z-lofts will be? It looks so spacious from the rendering. Any pricing on these lofts? ... :)
the edge December 1st, 2005, 11:07 AM ^ Z-lofts
1 BR = 70 sq.m.
2 BR = 109 sq.m. (with maid's/utility room)
really big units huh!
Francis20 December 1st, 2005, 04:33 PM wow! i like the idea.
gorio December 2nd, 2005, 07:34 AM I wonder just how big the Z-lofts will be? It looks so spacious from the rendering. Any pricing on these lofts? ... :)
The prices are as follows:
studio USD62,543.00
1bdrm flat USD103,629.00
2bdrm bi level USD196,492.00
1bdrm zloft USD145,717.00
2bdrm flat USD135,156.00
2bdrm loft USD212,153.00
2bdrm Z unit USD209,710.00
3bdrm flat USD231,622.00
Above prices are taken from the sample computation that they gave out during the US roadshow. Inclusive of parking.
Dvorak December 2nd, 2005, 08:27 AM In Pesos
studio USD62,543.00 = Php3,439,865
1bdrm flat USD103,629.00 = Php5,699,595
2bdrm bi level USD196,492.00 = Php10,807,060
1bdrm zloft USD145,717.00 = Php8,014,435
2bdrm flat USD135,156.00 = Php7,433,580
2bdrm loft USD212,153.00 = Php11,668,415
2bdrm Z unit USD209,710.00 = Php11,534,050
3bdrm flat USD231,622.00 = Php12,739,210
marites4 December 3rd, 2005, 08:32 AM oh my god pano naman naging $150 a month yan.
tigidig14 December 3rd, 2005, 08:54 AM ^it takes 30 yrs to pay probably
jcb December 3rd, 2005, 11:22 AM omg,nay thrid one pa .nice for me
3cr December 4th, 2005, 10:29 AM Dvorak, Gorio and Edge,
Thanks for posting the unit sizes and pricing! :)
In Pesos
studio USD62,543.00 = Php3,439,865
1bdrm flat USD103,629.00 = Php5,699,595
2bdrm bi level USD196,492.00 = Php10,807,060
1bdrm zloft USD145,717.00 = Php8,014,435
2bdrm flat USD135,156.00 = Php7,433,580
2bdrm loft USD212,153.00 = Php11,668,415
2bdrm Z unit USD209,710.00 = Php11,534,050
3bdrm flat USD231,622.00 = Php12,739,210The prices are as follows:
studio USD62,543.00
1bdrm flat USD103,629.00
2bdrm bi level USD196,492.00
1bdrm zloft USD145,717.00
2bdrm flat USD135,156.00
2bdrm loft USD212,153.00
2bdrm Z unit USD209,710.00
3bdrm flat USD231,622.00
Above prices are taken from the sample computation that they gave out during the US roadshow. Inclusive of parking.^ Z-lofts
1 BR = 70 sq.m.
2 BR = 109 sq.m. (with maid's/utility room)
really big units huh!
I wonder just how big the Z-lofts will be? It looks so spacious from the rendering. Any pricing on these lofts? ... :) http://i28.photobucket.com/albums/c248/gregadriano/ONEROCKWELLHORIZONTALVIEW.jpg[/
3cr December 4th, 2005, 10:40 AM Siguradong meron yang malaking periodic payments during or one hellava balloon payment at the end of the payment plan. That's the only way they can use this $150/month gimmick to attract prospective investors. $150/mo for 30 years will not add up to even the cheapest studio unit especially when you factor in the interest repayment component of the loan. :)
oh my god pano naman naging $150 a month yan.^it takes 30 yrs to pay probably
gorio December 4th, 2005, 06:30 PM Siguradong meron yang malaking periodic payments during or one hellava balloon payment at the end of the payment plan. That's the only way they can use this $150/month gimmick to attract prospective investors. $150/mo for 30 years will not add up to even the cheapest studio unit especially when you factor in the interest repayment component of the loan. :)
hi 3cr,
here is the sample computation of a studio unit. all 3 options are very attractive coz there's no interest payment . the ttl price divided into 4yrs.
http://i28.photobucket.com/albums/c248/gregadriano/ONEROCKWELLHORIZONTALVIEW001.jpg
Jefferyi December 4th, 2005, 09:02 PM oh my god pano naman naging $150 a month yan.
I heard that from the TFC commercial couple weeks back but yeah it defninitely sounds too good to be true and looks like its got too many strings attached to it.
Edmundtanso December 5th, 2005, 04:01 AM price is not bad though for what one get - architecturally very well designed and location
3cr December 5th, 2005, 04:34 AM Thanks for the sample computation Gorio. I have to hand it to the Rockwell Grp., though the units may be pricey, their innovative payment plans make them very attractive especially for overseas investors like Filams for example. Kaya lang the Studio is quite small for P3.5M. If I am to invest (wishful thinking) I'd really prefer the 2 bedroom Z-loft kaso sobrang mahal na lalabas yon. I just really wonder why there is a big price difference/drop when you walk across the street to Philtown's Metropolitan which will be located beside the Metropolitan Athletic Club which is undergoing major renovation?
For comparison in the Metropolitan, a 2 bedroom corner Skyloft on the 36th floor was originally quoted to me at P7.5M (bare). Medyo "apples to oranges" nga lang kasi you still have to factor in the finishing to really fairly compare it to One Rockwell's Z-loft pricing which comes finished na going by their advertisements and ads. So even if one spends another P1.5-2M for upscale finishing, Metropolitan's 2bdrm Skyloft finished will be around P9.5M, falling between One Rockwell's 1 bedroom Z-loft price of P8M and 2 bedroom Z-loft price of P11.7M. Going by this rough comparison I can see how One Rockwell's Z-lofts can be considered pricey on one hand but then again I guess the Rockwell Grp. feels they are appropriately priced for the market/location or they would not have priced the said units the way they did di ba? :)
hi 3cr,
here is the sample computation of a studio unit. all 3 options are very attractive coz there's no interest payment . the ttl price divided into 4yrs.
In Pesos
studio USD62,543.00 = Php3,439,865
1bdrm flat USD103,629.00 = Php5,699,595
2bdrm bi level USD196,492.00 = Php10,807,060
1bdrm zloft USD145,717.00 = Php8,014,435
2bdrm flat USD135,156.00 = Php7,433,580
2bdrm loft USD212,153.00 = Php11,668,415
2bdrm Z unit USD209,710.00 = Php11,534,050
3bdrm flat USD231,622.00 = Php12,739,210
Aragon December 6th, 2005, 02:59 AM i really hope their plan to expand rockwell across the bay will push through....maganda naman sila mag develop.....sana lang pumyag na yung oil plant beside the bank to be transformed into a bridge
marites4 December 6th, 2005, 03:33 AM Thanks for the sample computation Gorio. I have to hand it to the Rockwell Grp., though the units may be pricey, their innovative payment plans make them very attractive especially for overseas investors like Filams for example. Kaya lang the Studio is quite small for P3.5M. If I am to invest (wishful thinking) I'd really prefer the 2 bedroom Z-loft kaso sobrang mahal na lalabas yon. I just really wonder why there is a big price difference/drop when you walk across the street to Philtown's Metropolitan which will be located beside the Metropolitan Athletic Club which is undergoing major renovation?
For comparison in the Metropolitan, a 2 bedroom corner Skyloft on the 36th floor was originally quoted to me at P7.5M (bare). Medyo "apples to oranges" nga lang kasi you still have to factor in the finishing to really fairly compare it to One Rockwell's Z-loft pricing which comes finished na going by their advertisements and ads. So even if one spends another P1.5-2M for upscale finishing, Metropolitan's 2bdrm Skyloft finished will be around P9.5M, falling between One Rockwell's 1 bedroom Z-loft price of P8M and 2 bedroom Z-loft price of P11.7M. Going by this rough comparison I can see how One Rockwell's Z-lofts can be considered pricey on one hand but then again I guess the Rockwell Grp. feels they are appropriately priced for the market/location or they would not have priced the said units the way they did di ba? :)
I think it's overpriced for the philippine market. hey but if there are takers I guess why not. THe zero percent interest i think is not a plus. I mean because if you really think about it why should you start paying for a unit with interest when it's not even there yet and you're not able to use it.
gorio December 7th, 2005, 07:53 AM I think it's overpriced for the philippine market. hey but if there are takers I guess why not. THe zero percent interest i think is not a plus. I mean because if you really think about it why should you start paying for a unit with interest when it's not even there yet and you're not able to use it.
hi maritess,
i got my unit at CGS ( California Garden Square ) about three years ago. i have been paying my mortgate with a very high interest rate since then and my unit is still not ready for occupancy until sometime (?) next year. my unit at JOYA also won't be ready until 2008, but at least it's interest free.
Dvorak December 7th, 2005, 08:30 AM how much is the interest rate if you don't mind sharing? was it inhouse?
hi maritess,
i got my unit at CGS ( California Garden Square ) about three years ago. i have been paying my mortgate with a very high interest rate since then and my unit is still not ready for occupancy until sometime (?) next year. my unit at JOYA also won't be ready until 2008, but at least it's interest free.
gorio December 8th, 2005, 08:49 AM hi dvorak,
it's inhouse financing at 18pct fixed rate. the actual amount i would have paid during the life of the loan would be double the contract price. but i intend to pay it off as soon as the unit is turned over to me so i won't have to pay as much.
mamichi521 December 12th, 2005, 02:49 PM hello all,
I just happened to come across this site by accident and I'm glad i did. I recently purchased a studio unit at One Rockwell at a Roadshow event they conducted here in Virginia. This is my first home purchase in the philippines and I'm anxious and excited at the same time.
I bought the unit on a cash basis so that i could avail of the 19% discount; and I also did NOT purchase the parking space. The parking space would be an additional $12,000! I figure at that price, i could buy another vehicle.
Did I make a smart choice in not getting the parking spot?
tootsjap December 12th, 2005, 04:09 PM hello all,
I just happened to come across this site by accident and I'm glad i did. I recently purchased a studio unit at One Rockwell at a Roadshow event they conducted here in Virginia. This is my first home purchase in the philippines and I'm anxious and excited at the same time.
I bought the unit on a cash basis so that i could avail of the 19% discount; and I also did NOT purchase the parking space. The parking space would be an additional $12,000! I figure at that price, i could buy another vehicle.
Did I make a smart choice in not getting the parking spot?
Mamichi521,
Buying parking space only make sense if you can't rent parking space once you move in. It rarely happens that there is no available parking space for rent specially in huge developments. Admin will always have a parking space for you that may not be a good location but still good for parking. You will normally get parking space for rent from owners who bought parking space for a lesser cost. I recently leased my unit in a relatively new condo in the heart of Makati CBD and my lessee easily rented a parking space for P2,500/month. Do your math. You can already get this amount if you get at least 5% net interest from your $12,000. So you still have your $12,000. You have not sunk that money and it can make more money for you while you are waiting for your unit to be delivered. The rule of thumb is, if the development is big, don't buy parking if that is an option (some developments bundle the parking and the buyer does not have a choice). I think you made a wise decision.
3cr December 12th, 2005, 11:02 PM hello all,
I recently purchased a studio unit at One Rockwell at a Roadshow event they conducted here in Virginia. I bought the unit on a cash basis so that i could avail of the 19% discount; and I also did NOT purchase the parking space. The parking space would be an additional $12,000! I figure at that price, i could buy another vehicle. Did I make a smart choice in not getting the parking spot?Mamichi,
Tootsjap already posted a very good response to your inquiry and I'd just like to add my two cents on the issue. The parking slot may indeed sound expensive at $12T so if you will only rent a vehicle during your stay in One Rockwell then you really don't need a permanent parking situation (just rent) but if you are buying one for your use there then it won't hurt to secure atleast a spot for your vehicle. The other thing you need to determine is how you will be using your One Rockwell unit? If it is for your own use/residence when visiting the Philippines, then whether or not parking should be purchased is really up to you; however, if this will also be an investment and you are possibly going to rent it out and/or sell it in the future, it will be easier to both lease/sell the unit when there is a parking slot included in the said unit. You can just increase the rental rate accordingly to reflect the unit/parking combo. And even if you decide to keep the unit for yourself, you can always rent out the parking slot until the time you actually need to use it. This way you can use the proceeds from the parking rental for your monthly association assessment. Since you bought your unit cash, you should be able to negotiate the parking slot purchase in such a way that you can just pay for it in full upon unit turnover so they don't get your money right away. Just be aware though that depending on the development, the parking slot may or may not be included in the computation of the monthly association assessment so it will be prudent to ask your Rockwell Sales Rep. If you get a moment, you can also check out the current Soma and Fairways Tower threads where the issue of parking is also currently being discussed. In the end it's really going to be up to you but hopefully the information shared helps you in making a sound decision. Good luck! :)
mamichi521 December 13th, 2005, 04:15 AM Tootsjap and 3cr, thanks for your feedback. I really appreciate your thoughts.
I think I can say that I feel comfortable with my decision of not purchasing the parking spot. The option to purchase (or not) a parking spot was a "special offer" during the Roadshows. I was told by that agent that Rockwell's regular pre-selling requires the purchase of the parking space with a unit. I anticipate many buyers from the Roadshow would opt not to purchase the parking spot because of the significant price difference.
My hope is that at the end of the project, Rockwell will have an abundance of parking slots wherein they would offer it to the residents who want a slot or an additional slot, at a discounted price. On the otherhand, if Makati real estate is of prime value, Rockwell may offer the slots to the surrounding businesses. I guess I'll just take my chances.
Again, thanks for the input.
Dvorak December 13th, 2005, 04:24 AM on an investment point of view, having a parking slot is a plus as a lot of condo buyers wants a unit with a parking space.. and in the long run.. i think it's really worth buying a parking space now as the price will appreciate in the future..
in our unit in GA Tower, when they started selling 3 years ago, the parking space was 350T for single and 500T for tandem parking space, now the parking space is 500T for the single.
sedna December 13th, 2005, 09:58 AM tootsjap's rationale makes sense! $12k is a lot of money for a parking slot. That kind of money is enough to furnish your unit upon turnover which is my priority and I'd rather have it benefit me meantime rather than the developers bank account. I have decided to forego the parking slot and instead will rent one when the time comes so instead of $12.5k out of pocket you are able to invest it in the money market or term deposits/bonds. If you know what ur doing the interest/profits would be more than enough to cover any price increases in the future should you opt to buy the parking slot.
3cr December 13th, 2005, 11:26 AM tootsjap's rationale makes sense! $12k is a lot of money for a parking slot. That kind of money is enough to furnish your unit upon turnover which is my priority and I'd rather have it benefit me meantime rather than the developers bank account. I have decided to forego the parking slot and instead will rent one when the time comes so instead of $12.5k out of pocket you are able to invest it in the money market or term deposits/bonds. If you know what ur doing the interest/profits would be more than enough to cover any price increases in the future should you opt to buy the parking slot.
For argument sake if the most expensive parking level is at $12T per slot and the parking slot is not part of the monthly association assessment computation, that comes out to an initial investment of Php660T (Php55 to $1 exchange rate). Now if what you posted below is true/accurate "that parking rental rates run between Php5T-Php6T/month" then that comes out to an average annual rental income of Php66T/yr (Php5.5T/month). In an investment point of view, a 10% annual return is kinda hard to beat wouldn't you think? And we're not even talking about the price appreciation yet as mentioned by Dvorak. Why the change of heart?
Now if we go by Tootsjap's info which is Php2.5T/month that comes out to Php30T/yr or 4.5% annual return which at this rate, I agree we can do better. Guess it really depends on the actual rental income one can get from their respective parking slot di ba so hindi talaga ganoon kadali mag generalize whether investing in a parking slot is really worth the money or not. In the end of the day it really boils down to the individual's need, choice and ability to pay. The devil is really in the detail! :runaway:
Monthly parking rents with a condo now average Php5k to 6k/month, depending on the building. If a parking space can be purchased for php550k and rented for Php5,500 per month, the return for an investor is now better than from buying a condo unit!:nuts:
tootsjap December 13th, 2005, 07:14 PM If for purely investment play, sinking $12,000 today for a parking space that you will not see 3-4 years from now to give you a 10% ROI after that does not make sense. I can easily get 10% or something close to that with RTBs in the Philippines and I can get that return now and compounded quarterly. Plus, I retain better liquidity because bonds can be sold easier than parking space. Do you get someone to rent your parking space immediately when it is turned over to you? The answer here is likely no, but you get taxed immediately and possibly charged some additional through association dues. If this was a horse race umabante na 3-4 years ago yung kalaban pero ikaw, hindi mo alam kung kailan ka magkakaroon ng ROI sa parking space investment mo. Tapos may pabigat pa. Once the development is ready, I tell you, andaming available parking space for rent in the first 2-3 years dahil lahat maraming naginvest sa parking pero hindi pa naman nila gagamitin. Kasama na dito yung developer. With too many willing to rent out parking space, bumabagsak ang rental rates and also the price of parking space. If your $12,000 can give you about P5,000 monthly return in the money market, then this means you have a source of income for parking rent. As long as you still don't need that parking space, you can continue compounding the interest. In this case, your capital is retained in more liquid form and still get that parking space by renting anytime you want. You also don't spend if you don't use parking (the advantage of just renting).
3cr December 13th, 2005, 11:59 PM Well if a unit owner will be living in his/her unit and does not require parking in a full time basis, then it really makes no sense to invest in one. Just rent di ba. However if the unit will also be an investment vehicle, it's always going to be easier to both lease or flip it (later sell the unit) with a parking slot than one without. Renters and buyers normally demand the inclusion of a parking slot with the unit and in turn an owner/seller can demand a higher rent/price for the unit that has a parking slot than one without.
Btw one can't lease or sell a unit/parking slot naman if the building is not yet constructed or turned over so if I have forgotten to mention in my post to Sedna, it's with the assumption that my argument is based on the building already constructed/turned-over after all can't lease the parking slot until its available right? Sorry kung may confusion. Now in One Rockwell's case na hindi pa natatayo, I would definitely negotiate for some form of price and/or payment concession should one decide on purchasing a parking slot because just like you I would not want to sink my money in a parking slot that will only be available 3-4 years down the line. Aba sayang naman yung pwedeng itubo ng pera mo in that 3-4 years time. That's precisely why I mentioned in the earlier post to Mamichi that should one decide to purchase, negotiate payment (in full) for the parking space upon unit turnover so that in the meantime one can invest the money rather than letting the developer get your money early. (Same logic as paying your taxes in the last minute if you owe the gov't). Or negotiate a discount for prepayment (cash transaction purchase) for the parking slot just like getting a discount when you prepay the unit during pre-selling so this way ito ang kapalit habang iniintay magawa yung unit/parking slot. Discarte lang naman yan.
I for one have successfully negotiated for both scenarios (paying for one parking slot at unit turnover and prepaying both the unit & parking slot for a 17% discount last Aug. for a building to be turned over Dec. 2006, a 1% monthly return for 16 months or roughly 12% annual return) so even parking slots are negotiable price wise and payment wise. And we haven't even factored in the parking slot price appreciation upon unit turn-over and beyond which Dvorak mentioned. During my own condo search, I found that the very popular condo developments I've checked out (especially the affluent Class A ones in FBGC), the parking slots are snapped up quickly by the unit investors so if you wait late in the game to pick one up in one of those hot condo developments which I suspect One Rockwell will be, you may not easily buy a parking space anymore even if you want to once they're all sold out unless it is already a resale. When a unit owner gives up the right to buy his/her parking slot, it goes back to the pool of available slots for sale where other unit owners can buy them in your place so when those are sold out then there is no more assignable parking slots left to buy. After all there is no compelling business reason for the developer not to sell the parking slots to other unit owners if there is demand for them di ba. It's true sometimes the developers do keep reserve parking spots for whatever reason and for the sake of argument even if there is one spot left to buy, it will surely not be at the same low price during pre-selling anymore. You will pay premium because of the law of supply and demand - Economics 101. This makes it a very desireable and appreciating asset in this case. Of course there will always be spaces designated for handicap, guests, employees, service etc but those are not for sale. Now whether or not this is the case for other developments I don't know. As I've said before going by my own experience it seems indeed the case for the more popular and affluent Class A condo developments I've checked out. However from Tootsjaps' statement it sure seems very different picture elsewhere.
In my case I don't consider my parking slot investment as a bad one because I was able to get concessions (paying at a discount and not have to pay until unit turnover) from the developer for the 16 months I have to wait for my unit and parking slot. Furthermore the condo parking in the FBGC development I've bought into is almost sold out already since parking is not included in the monthly association assessment of the development. Kanya I went ahead na nga with the purchase bago tuluyan maubusan and so far in five months (Aug. to Dec.) the price for parking has already gone up another Php25T from where I bought mine. And as I already mentioned even if I choose not to use the parking slot right away, I can rent it out naman and in turn use the proceeds from the parking rental for my monthly association assessment.
Don't get me wrong I agree with the points you and Sedna have raised but in fairness one can't also discount the points raised by Dvorak and I. The point is it's not easy to generalize whether investing in a parking unit/slot is really worth the money or not or that this way of investing is a better way or not etc., since in the end of the day it really boils down to the individual's needs, requirements, choice and ability to pay. Guess to each his own. Anyway yun naman ang kagandahan ng forum such as this, maraming points of view, so it's up to the reader to take it with a grain of salt and assess the info shared/exchanged. :okay:
mamichi521 December 14th, 2005, 06:28 AM Quick question for those experienced condo buyers out there... I had the option to do a dollar or peso contract for my payment terms at One Rockwell. I went with the peso contract.
Can anyone shed some light as to the "big deal" between a dollar contract and peso contract? I still have the option to change my contract selection.
Any feedback is greatly appreciated.
:)m
mamichi521 December 14th, 2005, 06:46 AM BTW, it's good to see such a charged discussion on parking spots... it has made me reconsider my options... if anyone asks what i have decided to do... "i plea the 5th"... :)
Thanks again for all of your feedback!
sedna December 14th, 2005, 11:10 AM I have been offered a investment condo in Eastwood by a persistent broker who also mentioned parking spaces can be leased for Php2k-2.5k per month so my estimate of Php5-6k for parking(even in FBGC) was somewhat over the top. Php2.5k/month she said was the current maximum parking rental rates in so by doing your math say, with $12k overseas invested in a mere term deposit and 4.5% annual interest(and we're not talking yet of high-yield investment bonds) the interest/profit alone will take care of your parking rental expenses in manila meanwhile your $12k(Php650k) remains intact. Plus the fact that you won't be needing a parking slot all the time means more savings. I wouldn't want to spend 12 months a year in my condo even if I were to live permanently in P.I. - which I won't - yet granting I would, I'd spend considerable time overseas or in the province, as well. The condo would be left vacant or leased.
3cr December 14th, 2005, 12:08 PM Quick question for those experienced condo buyers out there... I had the option to do a dollar or peso contract for my payment terms at One Rockwell. I went with the peso contract.
Can anyone shed some light as to the "big deal" between a dollar contract and peso contract? I still have the option to change my contract selection.
Any feedback is greatly appreciated.
:)m
Mamichi,
When do you need to pay for your studio purchase? Will you also be remitting the payment to the Philippines or do you already have the peso at hand there? Reason I ask is the peso is quite strong right now versus the dollar (P53.25 to $1) because of overseas remittance during the Christmas season but I suspect it will fall back to around P54-55 to $1 early next year. Based on the timing of your payment, the Dollar versus Peso option will only matter when assessing the exchange rate during the life of the payment plan and traditionally the peso devalues against the dollar in the long term. Since you're paying one lumpsum, then it's the rate of exchange at the time of payment that will determine which option is better for you. If the peso is strong then it will take more dollars to pay for your unit and the opposite is also true when the dollar is strong. But probably either way it's going to be peanuts for you...hehehe. Hope this helps. Congrats again on your purchase! :)
3cr December 14th, 2005, 12:38 PM Point well taken Sedna. However when it's time to sell that penthouse unit, you will find it rather hard to sell it at a premium without a parking spot. Buti ng mabuti kung meron extra spots to buy eh kung sold out na then you're out of luck. I also observed that the popular Class A condo developments I checked out don't have excess parking spots for sale since unit owners quickly snap up the available spots as they are deemed an important and integral part of condo ownership. Don't have to take my word on it, any competent realtor will tell you that.
Out of curiosity, I requested a friend of mine to ask the Philtown agent he knows as to the price range of the going parking rental rate for their projects and I was informed in One McKinley at FBGC, it ranges between P2.5T-P4T for a single parking slot and between P4T-P6T for a tandem (2 car) parking slot. Higher end pricing reflects the more prime parking location paid for by Expats and Foreigners who also rent units there. Expects the same rental range daw for their other FBGC project, Fairways Tower. Guess your original figures were not that over the top. Ewan ko lang kung accurate pero no reason to lie naman di ba.
If true, looks like there is a direct correlation between condo/parking rental prices and the condo location kanya rin siguro sa Eastwood/Libis (Megaworld) masmababa din duon ang unit and parking rental rates nila compared to let's say FBGC or Makati since mas mura din naman yung condo unit and parking price(s) nila to start with. If its mura to buy then it's only logical mura din magrent. Also medyo different din naman yung rental crowd and target buying market for Eastwood/Libis than FBGC or Makati eh so I can only assume its just reflected/adjusted accordingly. :runaway:
I have been offered a investment condo in Eastwood by a persistent broker who also mentioned parking spaces can be leased for Php2k-2.5k per month so my estimate of Php5-6k for parking(even in FBGC) was somewhat over the top. Php2.5k/month she said was the current maximum parking rental rates in so by doing your math say, with $12k overseas invested in a mere term deposit and 4.5% annual interest(and we're not talking yet of high-yield investment bonds) the interest/profit alone will take care of your parking rental expenses in manila meanwhile your $12k(Php650k) remains intact. Plus the fact that you won't be needing a parking slot all the time means more savings. I wouldn't want to spend 12 months a year in my condo even if I were to live permanently in P.I. - which I won't - yet granting I would, I'd spend considerable time overseas or in the province, as well. The condo would be left vacant or leased.
ishtefh_03 December 14th, 2005, 12:49 PM know what, just by reading the posts here i learned a lot...
3cr December 14th, 2005, 12:54 PM Hello Steph. How are you? Buti naman you're picking up something from the discussion. However it's kinda getting heated already so I'm bugging out now. I'll catch up with you in the samahan thread OK? See ya later. Bye.
ishtefh_03 December 14th, 2005, 01:01 PM ok lng poh... dami nga ko nalalaman... tulad ngayon ung major plate namin eh, mid rise residential condominium...
thomasian December 14th, 2005, 01:05 PM I'm glad SSC helps a lot of people. I'll never regret being an active member of SSC.
ishtefh_03 December 14th, 2005, 01:26 PM im glad that i found this forum too...
3cr December 14th, 2005, 01:29 PM Ditto
bustero December 14th, 2005, 04:29 PM mods some of the posts here are very interesting for future buyers maybe you can link or repost them in the relevant sticky threads, otherwise it'll get buried in the one rockwell which sooner or later will die or loose interest.
mamichi521 December 15th, 2005, 01:39 AM 3cr, thanks again for your feedback on the difference between dollar and peso contracts. Finance and real estate is definately not my forte so I need all the help i can get!
My lumpsum payment is due 12/30/05. After much consideration and review (well, as much as my feeble mind can handle), I have decided to go with the dollar contract.
Thanks again for your (and everyone elses') input!
:) M.
3cr December 15th, 2005, 03:01 AM You're very welcome Mamichi. Glad to be of help (if any) and congratulations to you once again! :)
nem1031 January 8th, 2006, 11:39 AM century communities the best developer of the year 2005>>>>>>>http://www.century-properties.com/aboutcpi/default.html
tyronne January 8th, 2006, 09:11 PM can we ban nem1031? he/she's annoying.
thank you.
ryanr January 9th, 2006, 12:30 AM ^^ Yes. Nem1031, no advertising in this forum.
baphi January 9th, 2006, 02:29 AM Thank you everyone for sharing knowledgable info about investments.I really appreciate joining SSC ,you make many wise including me by reading the thread everyday.Hope for everyone the best this 2006! :)
mhe-ann January 9th, 2006, 12:35 PM ^^ bephi, welcome and enjoy your stay here. :)
ishtefh_03 January 9th, 2006, 12:55 PM Thank you everyone for sharing knowledgable info about investments.I really appreciate joining SSC ,you make many wise including me by reading the thread everyday.Hope for everyone the best this 2006! :)
same here... :)
baphi January 9th, 2006, 04:02 PM thanks mhe-ann and ishtefh 03 ,glad to be welcomed by you guys.. :hilarious and glad to meet all of you!
thomasian January 10th, 2006, 10:51 AM ^^ Yes. Nem1031, no advertising in this forum.
I already warned her (uhm, him?) about posting that Century Property news in irrelevant threads pero ang kulit talaga. :nono:
vvillaver February 6th, 2006, 02:05 PM Hi! If any one would like to receive more information about One Rockwell: prices, payment terms, brochures... I'll be glad to help you out whether you're a broker or direct buyer. You may reach me at venusv@rockwell.com.ph or if you're from the US, through our toll free no. 1-877-OWN-ROCK.
Thanks!
OtAkAw February 6th, 2006, 02:20 PM Is anyone here willing to buy me a unit for this condo? I am looking for one...
3cr March 6th, 2006, 08:18 AM Guess the Lopez group is not interested in the IS property for possible future Rockwell expansion area...
Baka matuloy na iyon IS project ng Ayala
Gov't says Ayala offer a last option on IS property
Posted: 2:23 AM | Mar. 03, 2006
THE GOVERNMENT is considering a joint-venture offer of the Ayala group on a state-owned property just off the Makati business district that used to house the International School, as a last option, as it prefers a cash purchase, an official said.
"Joint ventures will be considered only if other offers fail. We prefer outright sale because we want cash," said Finance Undersecretary Gabriel Singson Jr., who is tasked with monitoring the government's privatization program
The government is offering the 4.8-hectare property for at least P1.2 billion -- P23,000 per square meter -- although it has expressed willingness to adjust the price.
Previous attempts to auction the property failed. Prospective buyers deemed the tag price too high.
But Singson said the government had received several outright-sale offers and was studying the proposals. He declined to identify the potential buyers.
The International School, which used to own the property, has moved to the Fort Bonifacio Global City area near the Makati business district. The land was donated to the government in line with a Ferdinand Marcos decree.
Singson meanwhile said the government had started a search for a financial adviser that would help in the privatization of Al-Amanah Islamic Investment Bank of the Philippines.
Al-Amanah is the only Islamic bank in the country. In Islamic banking, customers do not earn interest on deposits but become partners in the bank and get shares of profits from the bank's investments. With INQ7.net
3cr March 6th, 2006, 08:32 AM Seems like that long rumored bridge will finally come to fruition paving the way for Rockwell's expansion on the other side of the bridge. I wonder how the Rockwell/Lopez Grp. is doing with their land acquisition negotiations for future Rockwell expansion in that area...
last weekend we were driving thru Barangka Drive in Mandaluyong City when we noticed that the old end of Barangka is now being opened... it appears that they are giving way to a road that will connect to the new bridge that will cross Pasig River to Estrella St in Makati City... there is also a big tarp of this project with GMAs face on it... so it seems that the Estrella bridge will be built soon.. :D and nice that it will connect to Barangka.. it will be a shorter cut for me than EDSA... :D
thomasian March 7th, 2006, 07:09 AM Is anyone here willing to buy me a unit for this condo? I am looking for one...
You're serious? That can be quite a lot of work... and the pressure to get a good unit with a good view, whew.
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