SMDC's SM Fort St. Luke's Residences [45F|res|pro] @ BGC, Taguig City

http://img829.imageshack.us/img829/7076/fortstlukes.jpg

i kinda like the design. i just don't like the name as it will confuse some people with st. luke's hospital.

Location?
Is there a mall in the podium?
Similar to One high street and st.regis wave thing looking design... Awesome!

They really want an impact on the name. The want to be associated with the hospital. Must be really close by st.lukes. They broke the trend of their names, jazz, light, sea, shell, wind, green, blue, grass...

Wow, it DOES look helluva similar to St. Regis. lol

trihedral design and kinda st regis and one high street huh

Does anybody know where this is located, please?

^^
Near St.Luke's. Can't find (google earth) a vacant lot nearby.
Must be the one at the back of S&R and HomeDepot along 34th St., beside the Lexus showroom.

it also gave me an impression that it has a lot of similarities with the design of One High Street....

etong building naba ngayon ang uso sa taguig? 3 projects, 4 buildings, 1 cladding design,huh!!! amazing, truly a global city!!

etong building naba ngayon ang uso sa taguig? 3 projects, 4 buildings, 1 cladding design,huh!!! amazing, truly a global city!!


We should group One high street, St. Regis, and SMDC's SM Fort St. Luke's Residences under one thread :D :D :D

Wow. Look at all these new condo developments. SM Fort St. Luke's Residences, 2 Avida CityFlex Towers, One Uptown Place, ParkWest, One High Street, High Street South and Regis
After plenty of commecial/office projects, it looks like its the residential condo projects turn again.



All are good projects but location and vision, I like High Street South.

Wow. Look at all these new condo developments. SM Fort St. Luke's Residences, 2 Avida CityFlex Towers, One Uptown Place, ParkWest, One High Street, High Street South and Regis
After plenty of commecial/office projects, it looks like its the residential condo projects turn again.


All are good projects but location and vision, I like High Street South.


IMHO, it doesn't matter where you are within BGC as long as you're IN BGC. For a price difference of say, Ph80K-100K per sqm; and a distance from the center (if we say the future Stock Exchange is the center) of only around 200 meters, I'd opt for the low-priced, but equally good unit. If you purchased your unit at a low price, assuming you bought the unit to be rented out later, you'll have more leeway to reduce your rent to match the prospective tenant's offer price. With the way things are going in the Euro area, US and Japan, it's less likely that the number of expat tenants will grow that much, so you'll have less potential tenants with higher capacity to pay for your high-end unit.

@InfinitiFX45, did you just copy-paste the image from my old post of June??? How come it is exactly the same as my cropped image?

SMDC's SM Fort St. Luke's Residences [45F|res|pro] @ BGC, Taguig City

http://img829.imageshack.us/img829/7076/fortstlukes.jpg

http://www.skyscrapercity.com/showpost.php?p=78843546&postcount=1770
http://img829.imageshack.us/img829/7076/fortstlukes.jpg

really diff from the usual SMDC.

baka sa picture lang yan

IMHO, it doesn't matter where you are within BGC as long as you're IN BGC. For a price difference of say, Ph80K-100K per sqm; and a distance from the center (if we say the future Stock Exchange is the center) of only around 200 meters, I'd opt for the low-priced, but equally good unit. If you purchased your unit at a low price, assuming you bought the unit to be rented out later, you'll have more leeway to reduce your rent to match the prospective tenant's offer price. With the way things are going in the Euro area, US and Japan, it's less likely that the number of expat tenants will grow that much, so you'll have less potential tenants with higher capacity to pay for your high-end unit.


Agree. That goes without saying if you invest in BGC you are in good shape.
Still have to pick wisely. There is a difference between the current value of Fort Palm Springs vs Sapphire Residences condos.

If it is true that the number of expats will not grow by that much. Then, this is a bad time to buy for investors who wants to rent out their units. The higher prices and future reduced rentals of these condos will make it a scary investment. You saying the surplus of rental units coming soon?

Agree. That goes without saying if you invest in BGC you are in good shape.
Still have to pick wisely. There is a difference between the current value of Fort Palm Springs vs Sapphire Residences condos.

If it is true that the number of expats will not grow by that much. Then, this is a bad time to buy for investors who wants to rent out their units. The higher prices and future reduced rentals of these condos will make it a scary investment. You saying the surplus of rental units coming soon?

If the following combination happens, there will be repatriations and we will be affected for sure:

Eurozone recession + Chinese Slowdown + U.S. Malaise + Emerging Markets Pullback = Global Double Dip

But I'm hopeful we won't be severely affected, like in 1997. But if the combination becomes this:

Eurozone break-up + Chinese Slowdown + U.S. Malaise + Emerging Markets Pullback

... then we should prepare for the worst.

Very St Regis. But i like it. Hopefully not another Fort Victoria.

We should group One high street, St. Regis, and SMDC's SM Fort St. Luke's Residences under one thread :D :D :D

etong building naba ngayon ang uso sa taguig? 3 projects, 4 buildings, 1 cladding design,huh!!! amazing, truly a global city!!

^^ we have been through this discussion on SSC over and over... the majority conclusion is - if it will be economically viable and environmentally efficient to clad a residential building with full glass or clad a portion with stone or marble, then they will do so. if the people can afford to buy products like these, then expect most of the projects to be as such. #justsaying

Interesting design. I will be surprised if that is the final render though, seems more likely to me that it will end up being more like their other projects but with perhaps bigger windows.

True. Renders often look spectacular. its the implementation that goes all wrong. We've seen very few projects that have been faithful to the renders.

This will be a fat single building......

SMDC's SM Fort St. Luke's Residences [45F|res|pro] @ BGC, Taguig City

http://img829.imageshack.us/img829/7076/fortstlukes.jpg

This looks to me like one single tower, something like Trion Towers. All three wings will be connected at the center.

Anybody know the exact location of this?

aww kala ko ospital.

Astig siguro kung may ospital tayong ganito

Pre-selling na 'to?

Gagawin ba un sa tabi ng St Lukes? Great hospital but i would rather not spend any time there :ohno:

Sino bang buyer pwede bigyan ng LOI for this project? Tuloy na tuloy na ba talaga ito? Will the LOI requirements be the same with Ayala?

I'm puzzled... with your posts... so what is this? a hospital or residential?

I'm puzzled... with your posts... so what is this? a hospital or residential?

Fort St. Luke's RESIDENCES.

Fort St. Luke's RESIDENCES.

thanks watcher09...:)

SM Fort St. Luke's Residences
http://img829.imageshack.us/img829/7076/fortstlukes.jpg

^^^^ Mmm...is this project on hold and where abouts exactly in BGC will this be rising? Have not heard much update on it in a while eh. This SM project actually looks really good and quite a departure from SM projects of the past. If this is the type of project SM will be putting out from this point on, I'm really quite excited to see what they can do in the South Boni lot they have bidded on especially now that SM is really flushed with money and oh so loaded. Imagine they are buying majority stake in the Ortigas Grp. worth around $1B. Loaded talaga SM! Anyway I'm looking forward to this 1st SM residential project in BGC :okay::okay:

‘Game-changing’ move for SM
Sy acquiring Ortigas group for $1B
Philippine Daily Inquirer
February 9th, 2012
http://business.inquirer.net/43807/sy-acquiring-ortigas-group-for-1b

Tycoon Henry Sy Sr. is finalizing a deal to acquire a majority stake in the privately held Ortigas property group in a transaction worth around $1 billion, seen as a potential “game-changing” move that will expand the SM group’s landbank in the metropolis and give it control of the 16-hectare Greenhills shopping complex.

Inquirer sources confirmed that the SM group was close to a deal to buy into the Ortigases’ property holding unit OCLP Holdings after a crucial bloc, which included British banking giant HSBC and some family members, consented to the deal.

The sources said that HSBC, the single biggest stockholder of OCLP with a stake of 34 percent in the property unit, has already signed some documents approving the sale. On the other hand, there was likewise a critical mass of Ortigas family members who had agreed to the transaction, aiming to unlock more values from their vast landholding.

The target was to finalize all documentation by March, at the latest, one source said.

Shares of Sy-affiliated companies, particularly SM Investments Corp. and SM Prime Holdings, outperformed Wednesday due to the excitement on this prospective transaction with the Ortigas group.

SM Prime surged 4.7 percent to P15.60 a share while SMIC was up 2.4 percent to P692 each.

Jose Mari Lacson, head of research at local stockbrokerage Campos Lanuza & Co., said this was a potential “game-changer” move that could propel the SM group’s SM Land or SM Development Corp. to the size of Ayala Land Inc.

“It allows them to secure a large landbank in a major central business district. Ayala can now pick on somebody its own size,” Lacson said.

The Ortigas group has a vast urban landbank spanning Mandaluyong, San Juan and Quezon City, the crown jewel of which is Greenhills shopping center.

It is not yet known which SM unit or units will take part in the transaction but SM Prime is seen benefiting significantly given the Greenhills landbank.

“Only SMIC can muster that money without straining its balance sheet too much,” Lacson said. He added that the group could also choose to use SM Land but this unit would have to raise cash, although a share-swap was also seen as a possibility.

Just last week, SM Investments raised $250 million from the sale of five-year bonds convertible into equity.

Both the SM and Ortigas groups declined to comment on the prospective transaction Wednesday.

The Inquirer reported last December that the Ortigases have restructured their core unit into a new corporate entity to prepare for either the entry of a new strategic investor or a stock market debut.

Industry sources said HSBC had initiated the move to transform the closely held limited partnership Ortigas & Co. into a corporation. Under a limited partnership, general partners team up with one or more limited partners who, in turn, enjoy limited liability as long they do not participate in the control of the business. The general partners under this structure are the ones who carry more liability.

^^^^ Mmm...is this project on hold and where abouts exactly in BGC will this be rising? Have not heard much update on it in a while eh. This SM project actually looks really good and quite a departure from SM projects of the past. If this is the type of project SM will be putting out from this point on, I'm really quite excited to see what they can do in the South Boni lot they have bidded on especially now that SM is really flushed with money and oh so loaded. Imagine they are buying majority stake in the Ortigas Grp. worth around $1B. Loaded talaga SM! Anyway I'm looking forward to this 1st SM residential project in BGC :okay::okay:

‘Game-changing’ move for SM
Sy acquiring Ortigas group for $1B
Philippine Daily Inquirer
February 9th, 2012
http://business.inquirer.net/43807/sy-acquiring-ortigas-group-for-1b

Tycoon Henry Sy Sr. is finalizing a deal to acquire a majority stake in the privately held Ortigas property group in a transaction worth around $1 billion, seen as a potential “game-changing” move that will expand the SM group’s landbank in the metropolis and give it control of the 16-hectare Greenhills shopping complex.

Inquirer sources confirmed that the SM group was close to a deal to buy into the Ortigases’ property holding unit OCLP Holdings after a crucial bloc, which included British banking giant HSBC and some family members, consented to the deal.

The sources said that HSBC, the single biggest stockholder of OCLP with a stake of 34 percent in the property unit, has already signed some documents approving the sale. On the other hand, there was likewise a critical mass of Ortigas family members who had agreed to the transaction, aiming to unlock more values from their vast landholding.

The target was to finalize all documentation by March, at the latest, one source said.

Shares of Sy-affiliated companies, particularly SM Investments Corp. and SM Prime Holdings, outperformed Wednesday due to the excitement on this prospective transaction with the Ortigas group.

SM Prime surged 4.7 percent to P15.60 a share while SMIC was up 2.4 percent to P692 each.

Jose Mari Lacson, head of research at local stockbrokerage Campos Lanuza & Co., said this was a potential “game-changer” move that could propel the SM group’s SM Land or SM Development Corp. to the size of Ayala Land Inc.

“It allows them to secure a large landbank in a major central business district. Ayala can now pick on somebody its own size,” Lacson said.

The Ortigas group has a vast urban landbank spanning Mandaluyong, San Juan and Quezon City, the crown jewel of which is Greenhills shopping center.

It is not yet known which SM unit or units will take part in the transaction but SM Prime is seen benefiting significantly given the Greenhills landbank.

“Only SMIC can muster that money without straining its balance sheet too much,” Lacson said. He added that the group could also choose to use SM Land but this unit would have to raise cash, although a share-swap was also seen as a possibility.

Just last week, SM Investments raised $250 million from the sale of five-year bonds convertible into equity.

Both the SM and Ortigas groups declined to comment on the prospective transaction Wednesday.

The Inquirer reported last December that the Ortigases have restructured their core unit into a new corporate entity to prepare for either the entry of a new strategic investor or a stock market debut.

Industry sources said HSBC had initiated the move to transform the closely held limited partnership Ortigas & Co. into a corporation. Under a limited partnership, general partners team up with one or more limited partners who, in turn, enjoy limited liability as long they do not participate in the control of the business. The general partners under this structure are the ones who carry more liability.

It pays to be the richest man alive..everything has a price & everything is negotiable as long as the price is right.

oh bevepi.. di ka na ba sa robinsons?... sm residences ka na pala... :D

well, when Money talks, everybody listens :)

oh bevepi.. di ka na ba sa robinsons?... sm residences ka na pala... :D

Yup I am with SMDC na since last year..

^^ Gene/Bevepi, Update mo naman kami on St. Luke's Residence please! :) :) :)

^^ Gene/Bevepi, Update mo naman kami on St. Luke's Residence please! :) :) :)

Sure Boe. I will try to get info as much as I can.

^^ Thanks bro! :)

Wonder if the triangular lot along 34th Ave at the back of St.Luke's Hospital in the pic below will be the actual site where SM's Fort St.Luke's Residences will eventually rise...


http://i242.photobucket.com/albums/ff177/wquimson/PWmap.jpg




SM Fort St. Luke's Residences
http://img829.imageshack.us/img829/7076/fortstlukes.jpg

Howmuchung. Studiodto

Another billion construction. Ang galing..:banana::banana:

Any new news? Unit cuts etc.,

akala ko iuupgrade pataas si St. Lukes... hindi pala... hehehe

this project seem interesting too...I wonder if that the final render?..any time frame of the launching dates?...Im anticipating news and development on this and Air residences...

I initially thought that this will be a housing project for St. Luke's employees XD.

Anyway, I'm also curious about this project. Any info like turnover dates?

Any studio units

i think they should change the name. kinda confusing

^ Yeah. Should be Dr Luke's instead. :lol:

is this project a confirmed "go ahead" or just a proposal for now?

i think they should change the name. kinda confusing

Alisin ang St.

Fort Lukes na lang.

Maybe this project is still a rumor?

Maybe this project is still a rumor?

I think it is?! because nobody can seem to identify the exact location of this project.

Does SM have a lot in BGC? Or are they still in the processing of acquiring one?

I think it is?! because nobody can seem to identify the exact location of this project.

Does SM have a lot in BGC? Or are they still in the processing of acquiring one?

Im not aware they have alot in BGC...the only SM affiliated we know of is the civic center...and that's only a lease.

So I guess the answer is no?..for now

Most probable location site for SM's Fort St.Luke's Residence is that triangular lot at the left side along 34th Ave and at the back of St.Luke's Hospital and S&R.

http://img171.imageshack.us/img171/3838/9feb024e.jpg


SM Fort St. Luke's Residences
http://img829.imageshack.us/img829/7076/fortstlukes.jpg

If that is indeed the possible location, then that's not bad at all..Some units will have excellent view (maybe SOME even unobstructed) of the golf course and Makati Skyline :)

Talked to my agent but still no definite information on this. Guess I'll just have to wait.

Talked to my agent but still no definite information on this. Guess I'll just have to wait.

same ..our agent at smdc doesn't even know about this project

same ..our agent at smdc doesn't even know about this project

Would they know if SM owns a land in BGC already? Interesting project. If indeed this project will push thru i wonder how much per sqm SM will be offering.

Most probable location site for SM's Fort St.Luke's Residence is that triangular lot at the left side along 34th Ave and at the back of St.Luke's Hospital and S&R.

So it means SMDC has a lot in BGC?