We had a previous thread on this i think.

Finally they will push through with the plan.

Kroma Tower by Alveo.

•Land area: 3,613 sqm
•FAR: 16
•Total No of units: 821
•40 residential floors
•1 Amenity floor
•Penthouse
•2 Retail floors
•9 parking floors
•Amenities
•Park / Retail area
•Pool
•Lounge
•Gym
•Function rooms
•Enterprise Lounge

any renders?

they say price per square meter will be PhP120,000 inclusive of VAT...

Newest in Makati! KROMA TOWER
Posted on December 18, 2011

Watch out for the newest preselling development of ALVEO LAND, CORP, AYALA LAND! From the makers of Senta, Serendra, Lerato, and more, ALVEO brings you KROMA TOWER; the next prime residential condominium in the Makati Central Business District.

KROMA TOWER will be located in De la Rosa Street, just beside Solaris One within Legazpi Village. This will be a one tower development only! Units consist of Studio, 1 Bedroom and 2 Bedroom Units.

Size of Units:

Studio – 28 sqm to 31 sqm

1 Bedroom – 55 to 60 sqm

2 Bedroom – 92 sqm ++

Price will be approximately Php 120,000 per sqm inclusive of VAT

A 1,000 sqm retail area will be allotted within the development, which will have shops with greenery and open spaces similar to Ayala Triangle Gardens (ATG); to be managed as well by ATG. Kroma Tower will also reap the benefits of the 20-Billion Makati Redevelopment of Ayala Land; which includes the enhancement of the Ayala Center malls which is now ongoing, more effective road networks of the Makati Business District for better traffic flow, more comfortable and dressed up pedestrian lanes, and the connection of convenient walkways which makes Ayala Center Malls a mere walking distance away from Kroma Tower!

From:
http://www.kromatower.com/about/

wow nice

Is this the land just behind the abandoned JAKA towers? How on earth will they be able to set up a park just like the Ayala Triangle Gardens as well as a 52 storey building in such a space? Wish they'd tear down that JAKA towers and replace it with a park.


http://farm8.staticflickr.com/7145/6562496337_7d60590215_b.jpg

Is this the land just behind the abandoned JAKA towers? How on earth will they be able to set up a park just like the Ayala Triangle Gardens as well as a 52 storey building in such a space? Wish they'd tear down that JAKA towers and replace it with a park.

bandang solaris one po ung malaking parking lot

sana nga tapusin na lang ung jaka tutal mataas na sya

Renders, we are prohibited to leak.. maybe if some others who are not sellers and fortunately received some info ahead can share with ssc... ;)

This is the one that was supposed to be the second BPO office tower; Solaris Two.

I found this posted on the fence so I took a picture of it...
http://i23.photobucket.com/albums/b358/thomasian/2011/Photo0173.jpg

nice ok lang sa akin di matuloy ung solaris 2 ipapalit naman ung 52 storey Kroma Tower :)

malapit ba yan sa may jaka at makati med?

oo sa jaka tower sa may solaris one tignan mo ung pic na post ni batang genio :0

wow,thanks, sana matabunan ng yung chaka towers na yan

This is the one that was supposed to be the second BPO office tower; Solaris Two.

I found this posted on the fence so I took a picture of it...
http://i23.photobucket.com/albums/b358/thomasian/2011/Photo0173.jpg

Thats the one i was referin to bro

any idea what's behind the name?

found this on flickr
credits to BARRETZ2011 (http://www.flickr.com/photos/68670196@N03/)

http://farm8.staticflickr.com/7006/6547678051_6c28397b4b_z.jpg

http://farm8.staticflickr.com/7167/6547678819_fc4b749e01_z.jpg

http://farm8.staticflickr.com/7015/6547679909_340577608f_z.jpg

http://farm8.staticflickr.com/7166/6588248977_ac9974960d_z.jpg

mid end ba to ng ayala? parang columns with a bigger window.

ok nice

That dense area will be even more dense having tall towers.

wow,thanks, sana matabunan ng yung chaka towers na yan

Jaka's design is grander than Kroma's. It's a pity, it didn't materialize.

Hellmuth, Obata and Kassabaum ang nag designed

Pm me for pricing, let me know, I'm almost done paying for my gram, looking for anew investment.

any idea what's behind the name?

It seems that kroma is widely used. There's a Syrian player named Kroma, a hotel in Sicily named Kroma, a kroma (scarf) is used in Cambodia to define the level of fighting skills (just like belts in karate), several companies are named after Kroma, there's a Kroma apartment in Montenegro, a Kroma Salon in Oregon, flashlight model, Makeup Studio, jazz band, various products, etc. Major usage is for people's name.

ALVEO's Kroma Tower [52F|res] @ Makati City

Photos Courtesy by BARRETZ2011 & IslandSon.PH

http://farm8.staticflickr.com/7006/6547678051_6c28397b4b_b.jpg

http://farm8.staticflickr.com/7167/6547678819_fc4b749e01_b.jpg

http://farm8.staticflickr.com/7002/6547679145_8480ec6b81_b.jpg

http://farm8.staticflickr.com/7002/6639501579_c99d66b0b4_b.jpg

http://farm8.staticflickr.com/7146/6639501983_303fb97f4a_b.jpg

http://farm8.staticflickr.com/7158/6639502931_7520190466_b.jpg

http://farm8.staticflickr.com/7004/6639502563_71ca3cf733_b.jpg

http://farm8.staticflickr.com/7029/6639502337_efebf224ec_b.jpg

http://farm8.staticflickr.com/7008/6639503143_65c713dd4e_b.jpg

http://farm8.staticflickr.com/7174/6639503831_bf64ae497b_b.jpg

http://farm8.staticflickr.com/7166/6588248977_ac9974960d_b.jpg

http://farm8.staticflickr.com/7143/6639503277_bbe8874e3e_b.jpg

http://farm8.staticflickr.com/7016/6639503625_ebc5fe2119_b.jpg

http://farm8.staticflickr.com/7022/6639503427_0a0002f222_b.jpg

aabot bato sa 200m????

kaya

Mukhang 2 towers based sa render. Kaso pangit ang view facing Jaka unless pagandahin ulit ang Jaka or demolish and palitan ng new bldg.

^^
i agree medyo di magiging maganda ang investment ng mapapaharap sa JAKA..
it's time for the other developers to step in at JAKA..kelangan na lang ituloy ito or yet..

this will continue to be an eyesore..:ohno:

as for KROMA tower..this is a nice addition to Makati..:banana:

http://farm8.staticflickr.com/7008/6639503143_65c713dd4e_b.jpg

ang view ng roofdeck nila ay Palm Beach sa Dubai????? :bash: :ohno:

oo nga shoshal

halatang nanloloko no, okay sana kong bay area para hindi naman sinungaling tignan

^^Maybe next time, your ID would be sun-text.

^^Maybe next time, your ID would be sun-text.

its better kung Fun-tex na lang. ItsMoreFunInThePhilippines ! :lol:

Originally planned as Solaris Two, the property will instead by developed by Ayala Land, Inc.'s subsidiary - Alveo.

Kroma Tower will sit on a 3,613 square meter property and will have 46 "physical" floors above ground. Total height will be 156.9 meters from the ground up to the highest level of the building.

It will have a total of 821 residential units and 9 retail units.

Target turnover date is 2017

Status: under construction (U.C.)

http://wikimapia.org/#lat=14.5584392&lon=121.0180092&z=18&l=0&m=b&show=/10614780/Kroma-Tower-U-C

http://img.photobucket.com/albums/v678/greendiesel/LYLEATIENZAKROMA.jpg

AYALA LAND WILL BE HAVING A SNEAK PREVIEW OF THE 20 BILLION REDEVELOPMENT PROJECT OF AYALA FOR MAKATI!!!! FOR GUEST LIST!!! CALL ME!!! =D THANK YOU!!!!

finally! use makati as the background.. instead dubai & new york or something

^^Sorry, delayed reaction. Dubai nga naman ang nasa background. :lol:
http://farm8.staticflickr.com/7008/6639503143_65c713dd4e_b.jpg

ang view ng roofdeck nila ay Palm Beach sa Dubai????? :bash: :ohno:

spamming!!!!!

How much is the price per sqm here? Does this area get flooded?

The fake Dubai view worries me about the credibility of this project. That to me is false advertising. Its quite annoying and they should change that if they want serious interest on this project.

http://img.photobucket.com/albums/v678/greendiesel/image046.jpg
http://img.photobucket.com/albums/v678/greendiesel/image034.jpg
http://img.photobucket.com/albums/v678/greendiesel/image030.jpg
http://img.photobucket.com/albums/v678/greendiesel/image032.jpg
http://img.photobucket.com/albums/v678/greendiesel/image028.jpg

http://img.photobucket.com/albums/v678/greendiesel/image054.jpg

http://farm8.staticflickr.com/7008/6639503143_65c713dd4e_b.jpg

ang view ng roofdeck nila ay Palm Beach sa Dubai????? :bash: :ohno:

^^ This is not an official render obviously. This is supposedly for Training Purposes only.

Those pictures are not going to be used for the brochure, its just so agents will have a feel of what the lounge at the roofdeck will probably look like.

No misleading info on ALVEO since actually this whole info pack should not have been leaked without the official brochure.

But this is SSC. This is what we do here... leak inside info.

Be also wary on assumptions that developers mislead buyers by such. ALVEO by ALI has a good track record so far, they also deliver what they promise. Whatever is in the official brochure will look exactly like the finished product.

Also, we should look at the info at context and compare it to the released official brochures.

So agents/sellers/brokers be careful on what you're posting.

#justsaying

**for the newbies who will read this. I sell Ayala properties but I'm never known to be biased here in SSC or professionally. strictly imho.

Leechtat - Appreciated you cleared that up :)

This project seems interesting. I am not so familiar with the exact location and all the proposed development in the pages of this training brochure. If someone can please elaborate that, it will be helpful for me.

How much is the price per sqm here? Does this area get flooded?

The fake Dubai view worries me about the credibility of this project. That to me is false advertising. Its quite annoying and they should change that if they want serious interest on this project.

Don't worry this is developed by Ayala Land, one of the best (if not best) developers in the Philippines. They have a very good track record just have a look at their completed projects. :)

Leechtat - Appreciated you cleared that up :)

This project seems interesting. I am not so familiar with the exact location and all the proposed development in the pages of this training brochure. If someone can please elaborate that, it will be helpful for me.

http://img.photobucket.com/albums/v678/greendiesel/kromafeb20.jpg

http://img.photobucket.com/albums/v678/greendiesel/march1.jpg

BE PART OF OUR 2nd PRIORITY SELLING DAY. PLEASE CALL ME FOR GUEST LIST! NO COMMITMENT JUST CHECK OUR PROJECT ON MARCH 1 over free dinner! LIKE THAT??? PM messages for guestlist

I would be enthused if it could actually come out like the renders ... God knows how often that happens though lol

I would be enthused if it could actually come out like the renders ... God knows how often that happens though lol



ALVEO Ayala Land and for all subsidiaries of AYALA LAND INC. delivers 98% if not 100% of the proposed project that appears on its marketing perspective and most of the time even exceeds client's expectation.

The COLUMNS AYALA AVENUE PERSPECTIVE
http://img.photobucket.com/albums/v678/greendiesel/2066399_1.jpg

THE COLUMNS AYALA AVENUE COMPLETED
http://img.photobucket.com/albums/v678/greendiesel/The-Columns-Ayala-Avenue-exterior-550x876.jpg

:banana:

^^ ang galing ng render.. kuhang kuha sa tunay hehe

hahahaha kudos to PDG(Project Development Group)

^^ ang galing ng render.. kuhang kuha sa tunay hehe

Wino magRESERVE ka na!!!! :banana:

pwede po pa pm ng payment terms for studio unit? interested po ako. may payment terms ba sa studio na pay muna downpayment within 2 years and saka nalang i bank finance yung the rest? thanks

NON VAT STUDIO UNITS SOLD OUT!!

Non-VAT Unit price is 3,199,200 @ 8,900/month for 36 months based on 10-10-80

now regular studio units starting at 3.4-3.6++ KUDOS to all the NON-VAT owners!!

1-BR and 2-BR units still available!!! =D

went to the site the other day!!! parking is gone!!! MDC will put a board up soon!!! =D

sino kaya architect nito?

ALVEO Ayala Land and for all subsidiaries of AYALA LAND INC. delivers 98% if not 100% of the proposed project that appears on its marketing perspective and most of the time even exceeds client's expectation.

The COLUMNS AYALA AVENUE PERSPECTIVE
http://img.photobucket.com/albums/v678/greendiesel/2066399_1.jpg

THE COLUMNS AYALA AVENUE COMPLETED
http://img.photobucket.com/albums/v678/greendiesel/The-Columns-Ayala-Avenue-exterior-550x876.jpg

:banana:


this is what it should be...the builder faithfully following what is being marketed as the render to its final completion.....no intentional bait and switch to fool the buyers with a beautiful render to entice them to buy...only to shortchange them at the end...and knowing they have an 'out' or excuse to do it because of their so-called DISCLAIMER.....

Mas maganda pa actual than the render!

kung sana lang lahat ng developer katulad nila, kung ano yun render yun yung turnover building...

kung sana lang lahat ng developer katulad nila, kung ano yun render yun yung turnover building...

Sir di ka na nagreply sa e-mail.

LoL hinahabol ka na ng ahente :))))

Great location! Nice to see another condo development at this area. Will there be commercial establishments on the ground floor like The Columns?

ALI’s ‘knockout’ new look for Legazpi Village

by Tessa R. Salazar | Philippine Daily Inquirer | Friday | May 11th, 2012 | 11:08 pm

http://business.inquirer.net/files/2012/05/kroma1.jpg
AYALA Land’s newest residential development in Legazpi Village, Makati City

With booming urban sprawls and condominium units getting more affordable, a wider base of practical buyers are giving up the suburbs in favor of purchasing units near their places of work. With this development, central business districts and their peripheral areas are challenged to spiff up their areas in order to keep up.

Legazpi Village in Makati City is certainly one area that doesn’t want to be left behind. Ayala Land Inc. (ALI) has decided to spruce up the place a bit. How? By putting up a new residential building called Kroma.

David Leechiu, Jones Lang LaSalle Leechiu country head, observed that though Makati has become obviously congested, “this is being solved with more infrastructure projects in the pipeline such as walkways, bus transits and the opening up of more parks. Legazpi Village has been left behind, but now there is an effort for old buildings to give way to new ones.”

Leechiu added that “Macea [Makati Commercial Estate Association]-Ayala needs to invest more in making Legazpi Village more pedestrian-friendly and open up more areas for parks and trees, and replicate what they did in Greenbelt-Glorietta to the rest of Legazpi Village and Makati.”

http://business.inquirer.net/files/2012/05/kroma3.jpg
KROMA Tower will offer well-appointed amenities.

Proponents of the reemergence of Legazpi Village cited Trendwatching, which predicted the rise of “citysumers” as a new market brought about by the rising number of city dwellers, escalating power and wealth of cities and the spread of urban culture. Ayala is seen to support the effort, starting with Alveo’s new tower Kroma that would rise in Legazpi Village.

Being just a short walk away from the heart of the Makati CBD, the village plays host to various dining options, lifestyle spots and commercial hubs ideal for residents.

Lui Matti, CBRE Philippines executive director for asset services, said, “Personally, I agree that the area could do well with a refresh. Adding a new level of sophistication would definitely do the area good.”

Residential zone

http://business.inquirer.net/files/2012/05/kroma2.jpg
KROMA Tower will offer well-appointed amenities.

Claro dG. Cordero Jr., head of research, consultancy and valuation of Jones Lang La Salle Leechiu, said Legazpi Village (along with Salcedo Village) has really been intended as the residential zone to complement the developments in Makati CBD.

“So it is actually welcome news that there are efforts to put that into realization. Other emerging urban developments are doing this ‘live-work-play’ synergy (with good mix of office/commercial, retail and residential developments) and has become their main selling points: Bonifacio Global City, SM Bay City area, Filinvest Corporate City in Alabang, Eastwood City in Quezon City, to name a few,” Cordero said.

Alveo Land, an Ayala Land subsidiary, has introduced its Kroma Tower to cater to the needs of the citysumers.

Aris Gonzales, Alveo Land division manager for project development, said “facets that gave rise to such a trend have also increased demand for a prime address that complements this kind of lifestyle, especially for burgeoning cities like Makati.”

Source: http://business.inquirer.net/58853/alis-knockout-new-look-for-legazpi-village

I miss new constructions with rooftop pools. Having party on top of building and just swimming where everything is sky above you.

I miss new constructions with rooftop pools. Having party on top of building and just swimming where everything is sky above you.
your savings is enough na for more than 10% downpayment there are developers out there that have spread dp. puwede ka na bumile ng condo. j:)

^^ yes, now even Alveo offers NO DP unlike before. VV

http://www.ayalalandrealestate.com/kroma-tower-studios-investor-friendly-promo-terms/

When developers are offering NO DP, it make me think that there is too many projects and not much qualified buyers that they have to enticed people who can't really afford it to buy contributing to a property bubble.

^^ yes, now even Alveo offers NO DP unlike before. VV

http://www.ayalalandrealestate.com/kroma-tower-studios-investor-friendly-promo-terms/

^^ yes, now even Alveo offers NO DP unlike before. VV

http://www.ayalalandrealestate.com/kroma-tower-studios-investor-friendly-promo-terms/

Based on the computation from the link above, you still need to pay 10% deposit within 30days. What do u mean by NO DP?

When developers are offering NO DP, it make me think that there is too many projects and not much qualified buyers that they have to enticed people who can't really afford it to buy contributing to a property bubble.

I have to agree with you. I just hope it's a small decline in prices and not a bubble burst like here in the US.

the bubble burst is not due to the prices of the developers going down, it was due to the banks allowing borrowers who didnt have paying capacity to get money from the bank to invest in poorly appraised properties.

the bubble burst is not due to the prices of the developers going down, it was due to the banks allowing borrowers who didnt have paying capacity to get money from the bank to invest in poorly appraised properties.

True^^^^

When developers are offering NO DP, it make me think that there is too many projects and not much qualified buyers that they have to enticed people who can't really afford it to buy contributing to a property bubble.

When there are buyers developers will find land to develope. When saturation point is approaching developer will reduce their usual asking to attract buyers. It isn't a bad thing. In fact it is good for the astute buyer. You should take advantage of this to buy some good units... those that are being develope in the core of the city where land is limited and scarce. This project isn't one of them.

But this mean I have to take a loan at turnover to finance the remaining retention money. Don't have so much lump sum to pay man.

When there are buyers developers will find land to develope. When saturation point is approaching developer will reduce their usual asking to attract buyers. It isn't a bad thing. In fact it is good for the astute buyer. You should take advantage of this to buy some good units... those that are being develope in the core of the city where land is limited and scarce. This project isn't one of them.

the bubble burst is not due to the prices of the developers going down, it was due to the banks allowing borrowers who didnt have paying capacity to get money from the bank to invest in poorly appraised properties.

Which is exactly the example of the developers offer no down payments. That's the first sign of over supply.

How are the sales of the units in krona? Are there still no VAT units available?

But this mean I have to take a loan at turnover to finance the remaining retention money. Don't have so much lump sum to pay man.

Yes. But you won't be buying this.

^^ Sales - brisk for Kroma. Some non-vat units left.

Which is exactly the example of the developers offer no down payments. That's the first sign of over supply.

^^ I beg to disagree. Property developers who are now offering No DP, such as alveo, shows only that the competition is getting better in the market. It drives property giants such as ALI to give what the market wants.

Yes I won't be buying because I already bought Grand Midori =p

Yes. But you won't be buying this.

Yes I won't be buying because I already bought Grand Midori =p

Tower 1 or 2?

Tower 1 or 2?

I bought Tower 2 to allow me more time to finish the amortization.

I bought Tower 2 to allow me more time to finish the amortization.

I actually thought that tower 2 is a better deal too being the same price with tower 1 but comes fully furnished. I just hope that the furnishings are of the same quality as their showroom. Congrats with the purchase, I really think that this a definitely a good buy in this quaint side of Legaspi.

Now back to Kroma, I'm just as excited that there are lots of developments in this area together with Hamilton and Senta this will prove to be a promising stretch in the future.

I think so also. Anyway now the remaining unit in Tower 1 also come fully furnished. I buy because I like because it is quiet, near to Legaspi park and also walking distance to greenbelt. I visit the showroom on a Saturday afternoon and wow so few car infront at the street.

I also hoped that the finishing is as good as their showroom. Heard a lot of Japanese bought the units here. I am thinking of renting this out to Japanese since it has the Japanese style of setup and name.

I will visit Tower 1 when it is ready when I am in Manila. If the finishing is as good as it is showroom, it be a done deal for me to buy a 2BR at Central Park West or East whichever is still available by then. Got to be sure as the 2BR will be my future home for my gf and baby.

I actually thought that tower 2 is a better deal too being the same price with tower 1 but comes fully furnished. I just hope that the furnishings are of the same quality as their showroom. Congrats with the purchase, I really think that this a definitely a good buy in this quaint side of Legaspi.

Now back to Kroma, I'm just as excited that there are lots of developments in this area together with Hamilton and Senta this will prove to be a promising stretch in the future.

As for why I did not invest in Kroma cause it is not even built yet while I can have the key to my unit at the Grand Midori in Dec 2014. Both asking price $/sqm is about the same and Kroma is not even fully furnished. Also there is no discount from Kroma and the payment term are fixed.

It is a no brainer since both projects are just next to each other. I wonder who will buy Kroma when they can get the Grand Midori at the same price and sooner. On ROI, I get my money back quicker. I think most people buy Kroma coz of the AYALA branding and maybe design.

As for why I did not invest in Kroma cause it is not even built yet while I can have the key to my unit at the Grand Midori in Dec 2014. Both asking price $/sqm is about the same and Kroma is not even fully furnished. Also there is no discount from Kroma and the payment term are fixed.

It is a no brainer since both projects are just next to each other. I wonder who will buy Kroma when they can get the Grand Midori at the same price and sooner. On ROI, I get my money back quicker. I think most people buy Kroma coz of the AYALA branding and maybe design.

I actually got my unit in midori two years ago, and the price then was less than 100k per sqm and it already comes furnished (also in tower 2). I like this area in makati, I think it is a bit laidback, so with good payment terms from federal I took the bait. Having said that, if Kroma was available then I might have actually considered it too. Alveo is good not just because of the Ayala brand but it has proven to be great when it comes to their deliverables and finishings. So I think Kroma has a good market waiting.

I got it at 114k/sqm on the 26th floor facing Bolanos. I prefer the one facing Legazpi but I have to buy a car park which I don't want.

Great buy for yourself! I see you have been buying a few units in the forum. U are working and staying in Manila?

I actually got my unit in midori two years ago, and the price then was less than 100k per sqm and it already comes furnished (also in tower 2). I like this area in makati, I think it is a bit laidback, so with good payment terms from federal I took the bait. Having said that, if Kroma was available then I might have actually considered it too. Alveo is good not just because of the Ayala brand but it has proven to be great when it comes to their deliverables and finishings. So I think Kroma has a good market waiting.

I got it at 114k/sqm on the 26th floor facing Bolanos. I prefer the one facing Legazpi but I have to buy a car park which I don't want.

Great buy for yourself! I see you have been buying a few units in the forum. U are working and staying in Manila?

Mine is facing in Legazpi, lower floor though, I prefer to be near the amenities floor. Yup, I am based in Manila.

^^ Sales - brisk for Kroma. Some non-vat units left.



^^ I beg to disagree. Property developers who are now offering No DP, such as alveo, shows only that the competition is getting better in the market. It drives property giants such as ALI to give what the market wants.

If the market is better, why do you have to offer incentives? As a business, you only offer incentives if you cannot sell at the current structure. Offering no down payment means the people that can afford the downpayment have already bought or are not buying. Supply > Demand

If the market is better, why do you have to offer incentives? As a business, you only offer incentives if you cannot sell at the current structure. Offering no down payment means the people that can afford the downpayment have already bought or are not buying. Supply > Demand

My take on this is that their direct competitor offers No DP terms. They need to match the offer for them to catch the race. Those that avail No DP terms does not necessarily mean they don't have money for downpayment..its just that its a better option especially when other developer are offering it.

Marketing strategy. The total price of these units are not getting lower. The terms are just getting better and better because of competition.

Marketing strategy. The total price of these units are not getting lower. The terms are just getting better and better because of competition.

That's the next step if the No DP doesn't work.

There is too much projects and only this much qualified buyers. To make that pool bigger, no DP came out so that those without readycash can buy. But at the the time of turnover, if economy is no good or unable to get a bank loans at that time, the buyer is screwed.

There is too much projects and only this much qualified buyers. To make that pool bigger, no DP came out so that those without readycash can buy. But at the the time of turnover, if economy is no good or unable to get a bank loans at that time, the buyer is screwed.

Agreed. I just hope that doesn't happen.

My take on this is that their direct competitor offers No DP terms. They need to match the offer for them to catch the race. Those that avail No DP terms does not necessarily mean they don't have money for downpayment..its just that its a better option especially when other developer are offering it.

Marketing strategy. The total price of these units are not getting lower. The terms are just getting better and better because of competition.

^^ that's right! I have repeat investors who prefer to not pay more than 20-30% DP or No DP if possible so that they can do more with their cash.

They will not have problem on getting a mortgage on the lumpsum or if they like, they pay the lumpsum in cash.

So why not take the spread terms since cash discount is so small.

I actually tell my clients to choose a lower DP or the most investor-friendly term since 1) turnover is years away and 2) those terms are available, so take advantage. Main reason: pre-selling investments will only accrue paper gains, so why pay cash if discount is not substantial.


There is too much projects and only this much qualified buyers. To make that pool bigger, no DP came out so that those without readycash can buy. But at the the time of turnover, if economy is no good or unable to get a bank loans at that time, the buyer is screwed.

^^ Agree! Yet such is not the fault of the seller/developer but the investor, more so if the lumpsum/mortgage projection has been explained well by agent/broker. If one will not come up with the funds to pay off a scheduled payment, then its the investors fault.

Delete.

^^ that's right! I have repeat investors who prefer to not pay more than 20-30% DP or No DP if possible so that they can do more with their cash.

They will not have problem on getting a mortgage on the lumpsum or if they like, they pay the lumpsum in cash.

So why not take the spread terms since cash discount is so small.

I actually tell my clients to choose a lower DP or the most investor-friendly term since 1) turnover is years away and 2) those terms are available, so take advantage. Main reason: pre-selling investments will only accrue paper gains, so why pay cash if discount is not substantial.


Highly leveraged strategy which is very indicative of a property bubble i.e. people purchasing for short-term speculative purposes and not as end-users or end buy-to-let.

Highly leveraged strategy which is very indicative of a property bubble i.e. people purchasing for short-term speculative purposes and not as end-users or end buy-to-let.

I will not be surprise there be a lot of people trying to sell before TOP just to make a bit of money and avoid tax.

^^ that's right! I have repeat investors who prefer to not pay more than 20-30% DP or No DP if possible so that they can do more with their cash.

They will not have problem on getting a mortgage on the lumpsum or if they like, they pay the lumpsum in cash.

So why not take the spread terms since cash discount is so small.

I actually tell my clients to choose a lower DP or the most investor-friendly term since 1) turnover is years away and 2) those terms are available, so take advantage. Main reason: pre-selling investments will only accrue paper gains, so why pay cash if discount is not substantial.

I don't pretend to know the Philippines market but those the same signs people point to here in the US. People buying multiple properties, using special financing so they can leverage their money to buy more properties, thinking values can never go down, no credit checks/income verification (not sure if this is happening in the Philippines now), etc. I just hope I'm wrong and the same thing doesn't happen in the Philippines.

There is too much projects and only this much qualified buyers. To make that pool bigger, no DP came out so that those without readycash can buy. But at the the time of turnover, if economy is no good or unable to get a bank loans at that time, the buyer is screwed.

An advantage of pre selling is that when you reach turnover balance you are pre approved of the loan already. The bank only requires 20% equity which you will definitely reach upon completion of 4 year amortization.

Usually 4 year amortization will comprise 40-50% of the total contract price already.

An advantage of pre selling is that when you reach turnover balance you are pre approved of the loan already. The bank only requires 20% equity which you will definitely reach upon completion of 4 year amortization.

Usually 4 year amortization will comprise 40-50% of the total contract price already.

I really hope this is not the start of a property bubble. It be too devastating to the fragile Philippines economy.

Mine is facing in Legazpi, lower floor though, I prefer to be near the amenities floor. Yup, I am based in Manila.

For projects within Makati, better nga ang lower floors near the amenities. Useless ang top floors, not so much views, kasi tabi tabi lang ang bldgs.

For projects within Makati, better nga ang lower floors near the amenities. Useless ang top floors, not so much views, kasi tabi tabi lang ang bldgs.

That's what I thought too. Also, units with balcony I think is better in lower floors, because it is just too windy already in the higher floors.

What happened ba sa Jaka Towers na yun? It's an eyesore in the middle of Ayala Avenue.. Sobrang sayang! The podium parking pa lang can already accommodate hundreds of cars. Wala ba plan ang Ayala to take over that project?

What happened ba sa Jaka Towers na yun? It's an eyesore in the middle of Ayala Avenue.. Sobrang sayang! The podium parking pa lang can already accommodate hundreds of cars. Wala ba plan ang Ayala to take over that project?

Was working at rufino tower from the time JAKA was launched until it was discontinued. That was the period when JPE and wife separated. Ang chismis was it has something to do with conjugal assets.

Looking at getting a 1 bedroom here for investment purposes. How much is the rental rate in Makati for projects like this?

Looking at getting a 1 bedroom here for investment purposes. How much is the rental rate in Makati for projects like this?

900-950/sqm depending on the condition of the unit - if its unfurnished rent is 900/sqm. if its furnished rent will be 950/sqm

dont price it high because most likely there are other units that will open for rent at a lower price. post your unit in many ad websites or even connect it to brokers so your unit will be known to a wider network.

On the offering of incentives, such as low or no DP or no interest on installment of DP, I think these are just part of a broader marketing strategy to generate more revenues for the company. It is possible for the developers to already tuck-in the cost of money into their simulated payment terms. So when they say no interest on DP installments, its because the monthly installment on the DP could already incorporate the interest income. We only see the monthly payments and not its components.

The signs are still there for a sustained expansion of real estate development in the Philippines: (1) continued economic growth of the Philippines despite the weak global economic environment; (2) continued growth in both OFW remittances and BPO receipts; and (3) high population growth rate, among other factors. With these, investment in multiple properties can still be supported for resale and/or rental income opportunities. I also don't think lending standards will be relaxed, even with excess liquidity in the financial system, as our banks know only too well the experience of the 1997 Asian financial crisis.

I would like to introduce myself to all you wonderful people in this thread:

Hello, everyone, I just have just registered in Skyscrapercity. I have been a visitor for a very long time, enjoyed the forums and finally have decided to actively join threads relevant to my interests. I am a Pinoy (born and raised in PH), based currently in Houston for 4 years now (but have lived in Los Angeles longer) and look forward to continue appreciating your efforts and contribute mine (if any, if I can possibly be of any help) to any one.

I'll take this opportunity to an issue that has been not been discussed yet, being new which I just received in less than a day ago:

an addtional VAT of 12% in association dues for condos and villages is now in the works.

Links:

Please see this VAT issue starting from the 8th paragraph of http://www.bworldonline.com/content....-mine&id=62304

Makati residents react
http://www.interaksyon.com/article/49432/cocktales--makati-condos-revolt-against-12-vat-on-association-dues

Any update?

propose status ba to? oh simulan na?

propose status ba to? oh simulan na?

Sinisimulan na ito. Kasi nung huli punta ko sa Makati last October, nakafence na ito at may mga construction activities sa site.:)

^^ ah thanks

propose status ba to? oh simulan na?

I pass by it almost everyday. Wala pa kong nakikita even a single crane inside the fence.

Foundation works have yet to start, thats why :)

I pass by it almost everyday. Wala pa kong nakikita even a single crane inside the fence.

Any pictures?

I am torn between Kroma and Greenbelt Hamilton. Anyone can provide tips on which is better? Location? Amenities?

I am torn between Kroma and Greenbelt Hamilton. Anyone can provide tips on which is better? Location? Amenities?

If you are buying to stay, Kroma is the natural choice. Location wise they are about the same.

Is Kroma connecting Greenbelt and is it convenience for everything?

If you are buying to stay, Kroma is the natural choice. Location wise they are about the same.

Whats the general m2$ low mid and high floor ?

Whats the general m2$ low mid and high floor ?

Sorry. I do not know. I am not selling this. In fact I prefer Salcedo Village.

Is Kroma connecting Greenbelt and is it convenience for everything?

Its not really near Greenbelt. But you can walk.

As mentioned by huanggua, you can walk, using the elevated walkways to reach Greenbelt starting from Herrera/Rufino St.

Is Kroma connecting Greenbelt and is it convenience for everything?

Kroma construction as of yesterday

http://twitter.com/jrlomugdang/status/292064369179774976/photo/1/large

^^ let me help u with that

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/582554_408123052602680_1408437186_n.jpg?dl=1

excavation on - going

sana palitan na ung low rise buildings :(

^^what low rise building?

Thanks!

^^ let me help u with that

excavation on - going

sana palitan na ung low rise buildings :(

May I know your opinion?

May I know your opinion?

coz' ung mga low rise structure very old and need to demolished for new one :)

the low rise buildings give way to a nice view of the parks around the greenbelt area and the washington sycip park. although I wouldn't be surprised if they demolished a few of them for new skyscrapers. exciting and a little worrying for some sky dwellers who've gotten used to the views of makati CBD from their vantage points.

^^ doesnt matter the more the tall skyscrapers the merrier

Is Kroma connecting Greenbelt and is it convenience for everything?

There are plans to extend the existing walkway up to where Kroma is. As of now it is still up Herrera St. only.:cheers:

There are plans to extend the existing walkway up to where Kroma is. As of now it is still up Herrera St. only.:cheers:

Very good! Thanks.

Latest Render

ALVEO LAND's Kroma Tower [52F|res]
@ Legaspi Village, Makati City, Metro Manila

http://philproperties.nuevolifestyle.com/wp-content/uploads/2011/12/building-869x1024.jpg

http://philproperties.nuevolifestyle.com/wp-content/uploads/2012/01/location.jpg

http://www.kromatower.com/wp-content/uploads/brochure-map.jpg

malapit lang pala sa Head Ofc nmin :D ayos to

🙇🎩

Office space soon

Does Ayala have any plan to buy Jaka Tower?

Does Ayala have any plan to buy Jaka Tower?

I think yes under negotiation na ata Medyo mataas lng presyo talaga ni enrile

I think yes under negotiation na ata Medyo mataas lng presyo talaga ni enrile

wow! I hope they buy it so they can build it na. mejo eyesore kasi siya at sayang yung lote nasa center of everything :) sana mabili na :)

Actually as far as I know mtgal na binibidding kaso ang mahal ng gsto ni enrile Ibat ibang property na may gsto

157 meters only for a 52 storey structure??? Either the 52 or the 157 is wrong here for sure!

^^ sa tingin ko mga nasa 160-170 meters ito.

kroma is 157m, but there are only 46 levels.

ayala has gone along with the fad of skipping floor numbers ending in 4 in addition to the 13 of yore, hence '52' floors.

kroma is 157m, but there are only 46 levels.

ayala has gone along with the fad of skipping floor numbers ending in 4 in addition to the 13 of yore, hence '52' floors.

Right :)

http://i34.tinypic.com/aoajxt.jpg

Any more photos? For the unit?

ang lalim

http://i40.tinypic.com/2wf00fn.jpg
© michikoy02

wow, that's a scary and dramatic pic. that depth is enough for a lethal fall.

for a daylight, best-foot-forward comparison, here's what the kroma project team posted today: http://www.alveoland.com.ph/Kroma-tower.php?construction-updates (they seem to upload at the start of the month).

it's good fun to see the rendering that dominates the slide ...convergys and the parking lots look about right, so would that jaka tower really looked like that, too!

yep malalim talaga siya http://i42.tinypic.com/35btus0.jpg

Thank you very much! You are welcome to update the construction process.