from Philstar online: http://www.philstar.com/Article.aspx?articleId=461968&publicationSubCategoryId=66

SMDC rolling out P15-billion new projects
By Zinnia B. Dela Peña Updated April 28, 2009 12:00 AM

MANILA, Philippines - Upbeat on the property sector, SM Development Corp. (SMDC) is rolling out four new projects estimated to cost around P15 billion as part of efforts to further boost sales.

At the same time, SMDC president Rogelio Cabunag said the firm’s first quarter net earnings reached P400 million this year, more than 28 times the P14 million reported the previous level. This was driven by a 109-percent jump in sales to a little over P1 billion.


“We’re quite bullish that’s why we have lined up new projects this year,” said SMDC vice-chairman Henry Sy Jr. in a press briefing following the company’s stockholders’ meeting yesterday.

Sy said the company will continue to beef up its landbank to further strengthen its hold in the highly-competitive industry. The company currently has 1.4 million square meters of undeveloped land. “As we see the market continuing to strengthen, we keep developing and buying properties to ensure continued growth.

Cabunag said the four high-rise residential projects include Princeton Residences, Tree Residences, Wind Residences in Tagaytay and Jupiter Residences.

Princeton Residences, a 37-story condominium building located in a 2,400-square meter property along Gilmore St. in Quezon City, is estimated to cost P1.5 billion. Construction will start this year and is slated for completion in 2012. A total of 1,088 units will be offered to the public.

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

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

Situated in Jupiter and Reposo streets in Makati, Jupiter Residences comprises six 40-storey towers with a total of 5,224 units costing around P7.2 billion.

The company has earmarked P7.2 billion for capital expenditures this year or 40 percent higher than the 2008 level. Around 80 percent of the capital budget will be sourced from internally generated funds while the remaining 20 percent will come from borrowings

Following the success of Mezza Residences in Sta. Mesa, Manila, SMDC will launch Mezza Residences 2 consisting of two buildings with 38 storeys offering 1,353 units.

Other projects in the pipeline will be located in Taft Ave., Manila, España corner Mayon in Quezon City and another project in near the MRT Boni Station in EDSA.

“These projects are products of SMDC’s winning combination of prime location that offers convenience and accessibility to homeowners, upscale look and appeal, first rate amenities and affordable payment plans,” Sy said.

ala pa bang rendering?

Baka sa may La Salle na naman.

Am just hoping that SMDC upgrades its designs for their next batch of condos since they are quite capable of coming up with iconic designs such as their E-com buildings. Megaworld has upped the ante with their One Central and Two Central building designs so I hope SM also provides unique designs for at least some of their future condo projects.

Baka sa may La Salle na naman.

ang alam ko nga its near DLSU. may berkeley sila sa katipunan, so meron din dapat sila sa taft. :P

Ano kaya name ng project? "GREEN" Residences?

By the way, SMDC will have another project near Ateneo, different from Berkeley.. "BLUE" Residences?
:nuts:

Dami namang projects ng SMDC. Kaya lang bakit puro ____ Residences ang pangalan? Can't they be more creative in naming their projects?

ayos nga yun e.. madaming mga condo ang naglalabassan na ngayon.. ibig sabihin.. we are moving forward..saka trademark na yung may residences..luma na kasi ang tower.. dati nauso ang tower..

2010 na ang launching ng "GREEN" Residences.:banana:

2010 na ang launching ng "GREEN" Residences.:banana:

That's great! :cheers:

I'm excited about this project.

I hope I could afford to get one unit also. :)

grabe talaga. i love smdc. ang laki ng budget. lahat ata ng kita ng sm malls they funnel to smdc. amazing sm.

grabe talaga. i love smdc. ang laki ng budget. lahat ata ng kita ng sm malls they funnel to smdc. amazing sm.

hehe Very aggresive ngayon ang SM sa real estate

may partner plans to get a condo here. interested in a studio/1 br with parking. pm me please. thanks.

I heard the name of this project will be, STAR RESIDENCES.

I heard the name of this project will be, STAR RESIDENCES.

wow! after SUN residence na kulay yellow malapit sa UST. STAR naman ngayon.. i bet color green to kung malapit sa LaSalle or maroon kung malapit sa UP Manila..

Ano kaya name ng project? "GREEN" Residences?

By the way, SMDC will have another project near Ateneo, different from Berkeley.. "BLUE" Residences?
:nuts:

It's confirmed. SMDC project near Ateneo will be BLUE Residences. Already saw sample flyers.

It's confirmed. SMDC project near Ateneo will be BLUE Residences. Already saw sample flyers.


galing talaga ng smdc... dami nilang project...:banana:

GREEN Residences will be launched anytime soon. :banana: If you are interested with Green Res, PM me your email add so I can send you immediate project updates.

Green Residences (Taft Avenue project) is just beside Bro. Andrew Gonzales Hall of DLSU-Manila.

Dami namang projects ng SMDC. Kaya lang bakit puro ____ Residences ang pangalan? Can't they be more creative in naming their projects?

yes, why not Tayuman Gardens? One Pritil Towers?

yes, why not Tayuman Gardens? One Pritil Towers?

bakit ayaw nilang gamitin Tagalog name for buildings.. para nationalistic ang dating...

halimbawa... blue .. Bughaw, or Matigas, Magiting, Mahalimuyak, etc...

Wow ang galeng ng SMDC! Do you have any project details about GREEN RESIDENCES? Thank you =)


Ano kaya name ng project? "GREEN" Residences?

By the way, SMDC will have another project near Ateneo, different from Berkeley.. "BLUE" Residences?
:nuts:

^^Hi, PM me your email add so I can send you Green details when ready.

Green Residences' location is beside Bro.Andrew Gonzales Hall.

http://a.imageshack.us/img23/3075/greeninwikimapia.jpg

i doubt if they will come up with a "Maroon Residences"... di yata kakayanin ng mga Isko at Iska na manirahan sa condo... :nocrook:

marami nang coño at Bracket 9 sa UP ngayon :lol:

bakit ayaw nilang gamitin Tagalog name for buildings.. para nationalistic ang dating...

halimbawa... blue .. Bughaw, or Matigas, Magiting, Mahalimuyak, etc...

uu nga nmn, puro english names nlang :bash:

parang section lang sa elementary.. =)

bakit ayaw nilang gamitin Tagalog name for buildings.. para nationalistic ang dating...

halimbawa... blue .. Bughaw, or Matigas, Magiting, Mahalimuyak, etc...

Yeah, I've always wondered this too ... T_T

jologs yata pag ginamit ang tagalog... pag nakinig kayo ng mga radio stations..

Any update on the "GREEN" Residences????

we have broker orientation last time but they didnt anoouced the project yet, were still awaiting the time that we could offer this eventually

we have broker orientation last time but they didnt anoouced the project yet, were still awaiting the time that we could offer this eventually


ganda ng location niya.... sana wag maging congested :banana::banana:

http://lh4.ggpht.com/_440aGZY4m2Y/TIZjHpxjyXI/AAAAAAAABZ4/ZLKAqmEkun8/s512/IMG_0220.JPG

Green Residences ... zzzzzzzzzzzz

This doesnt look good at all......

Like it...It's tall. Seems like it has at least 50 storeys.

Kung ang market nila ay DLSU may market pa ba? Eton's One Archer Place and Citiland project accross the street at youn mga iba pang condo na kapaligid sa DLSU.

If we will talk about convinience where everything you need is just downstairs of your unit,this sure is the winner lalo na sa mga stuidents.I am sure may foodcourts at bookstores din ito sa podium nya which other condos don't have.

This doesnt look good at all......

Hehe.. very typical of an SMDC project... Never mind how it looks. In the Phils, terms of payment is very important to Pinoys and thats what SMDC offers.

I wonder how big is the amenities area. This will compete La Verti in terms of open spaces. Laverti has 60% open spaces

I dont think SM will enter that area without studying the demographics so Im sure they must have a market for it. What will or might differentiate this from the other towers will be the Hypermarket. SM is now a master of that. If we build, they will come.. :lol: But Cityland is ok din naman. and a lot of Lasallians do own units there. In fact, theres now a Cityland Manila Residences the sequel!

I dont think SM will enter that area without studying the demographics so Im sure they must have a market for it. What will or might differentiate this from the other towers will be the Hypermarket. SM is now a master of that. If we build, they will come.. :lol: But Cityland is ok din naman. and a lot of Lasallians do own units there. In fact, theres now a Cityland Manila Residences the sequel! Hehe.. Beside the newly built Cityland Manila Residences, they have sent Shell gasoline station packing away and will build Manila Residences 2. By the way, Cityland has the most towers in that DLSU area. This will be the 5th or 6th I think?

Actually,that area has already been fenced. From their postings, it seems that there will be 2 towers for Cityland. The would be occupants of Green Residences facing Taft Avenue will have the view of Cityland buildings along Taft.

How is the lot size of this project? Is it big? Will it have a resort type of development similar to what they have in Jazz/Field/Light wherein it will be dotted with swimming pools? Or will it follow the plain student condo concept of WHTaft, Cityland, Archer's Place where lot is primarily devoted to a just a one-two buidling condo and not much amenities.

I've talked to a SMDI agent and they told me that target launch is January 2011 but they are now accepting reservations.

How is the lot size of this project? Is it big? Will it have a resort type of development similar to what they have in Jazz/Field/Light wherein it will be dotted with swimming pools? Or will it follow the plain student condo concept of WHTaft, Cityland, Archer's Place where lot is primarily devoted to a just a one-two buidling condo and not much amenities.

I've talked to a SMDI agent and they told me that target launch is January 2011 but they are now accepting reservations.

Green Residences will also have pools inside. As a SMDC agent, I saw the preliminary floor plan lay out of green residences. 16 sqm studio units will be facing the amenities (inner layer) and the 1 BR's (23 and 26 sqm will be facing the outer layers. Imagine the lay out as a box inside a box. In between the boxes are the hallways =)

Carl Almendarez
0920-9279561

^^ you have price range for that already?

I'm interested in this project. PM anyone? thanks

Brokers Group emailed me about this already, i wasn't able to study the details yet. And how they compete with condos in the vicinity.

Brokers Group emailed me about this already, i wasn't able to study the details yet. And how they compete with condos in the vicinity.

interested...please send me that unit cuts, price and payment terms.

any update?

highly interested on this project :)

Heard by March pa tentatively launching ng Green. There's no official project details out yet. There are ballpark figures, but no specific unit pricing.

this was sent to me by my broker...

==================================================================
Greetings!

I'm happy to inform you that we are now accepting LOI (letter of intent) for those who are interested to buy a condominium property at Taft, beside La Salle University Manila, The GREEN RESIDENCES!!!

Green Residences are offering the ff units:
1. 16 sqm. - Average introductory price of 1.2M
2. 23 sqm. - Average introductory price of 1.8M
3. 31 sqm. - Average introductory price of 2.4M

very keen on buying units here... please send details :)

fully furnish na ba 2 tulad sa iba nilang project?

SM property unit bares record profit


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

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

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

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

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

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

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

Magkano po ba ang parking lot dito? Thanks

Any update on the "GREEN" Residences????

so far wala pang ginagawa sa area.. parang uumpisahan muna ang centennial bldg ng lasalle before they start construction sa green residences.. kasi magkakatrapik na sa area kung sabay sabay sila.. siguro pag naka three floors na ang centennial bldg ng lasalle baka dun na sila magstart.. baka lang.

I heard the name of this project will be, STAR RESIDENCES.

it will be named Green Residences.. meron nag advertisement ito sa mga likod ng buses..

Baka sa may La Salle na naman.

it is beside andrew gonzales hall.. yung vacant lot ngayon dun.. that will be the Green residences area.

Heard that psm here will be 95k/sqm.

Are there any unit prices yet Aziza?

SMDC GREEN RESIDENCES


RESERVATION IS ONLY 25,000 PESOS

WE ARE NOW ACCEPTING LETTER OF INTENT


AFFORDABLE CONDO FOR STAR STUDENTS OF DE LA SALLE UNIVERSITY TAFT MANILA

FIRST 200 RESERVATION WILL AVAIL THE INTRODUCTORY PRICE!

SMDC offers affordable condominiums units in Taft Avenue Manila. It is strategically located near De La Salle University - Manila, De La Salle - College of St. Benilde, and St. Scholastica College. It is also easily accessible thru LRT, MRT, and other public transporation.

Green Residence will feature luxury residential units with rows of commercial establishments at the ground level including SAVEMORE Supermarket for your utmost convenience.

Green Residence also shows great potential for your future tenant's since it is strategically located at the University Belt of Taft avenue for students which will be your captured market!

Expected turnover date:
Last Quarter of 2015

Amenities Includes:
Swimming Pool
Gym
Function Room
Game Room
Study Area
Restaurant
Coffee Shop
SAVEMORE Supermarket

-----------------------------------------------------------------
FOR MORE INQUIRIES PLS CONTACT:
Ryan at 0906-5709190

SAMPLE COMPUTATION:
http://i1202.photobucket.com/albums/bb378/realestate_ryan/Green%20Residence/GreenResidencesamplecomputation.jpg

The P1.8Mio for 23.47sqm is a good deal :)
The P2.4Mio price though for 28sqm with balcony is a bit expensive.
The Savemore grocery makes it more appealing esp for the renters!

The launching of this project would doom Philtown, it would put the cross on their WHTaft Condo's grave that is being dugged as of the moment. :lol:

i'm surprised SMDC priced this competitively (considering they were looking at P95k/sqm before per above), they must have felt saturated na masyado ang market dito with all the ongoing condo projects in the area.

yes, indeed the 1.8M for the 23.47sqm (1br) is a good deal. However the 2.4 for 28sqm with balcony price range is far from those w/o the balcony, however you will have a better privilege to relax and enjoy the scenic view within the balcony area. It is also nice to see that SM will be putting a Savemore grocery on the ground level for convenience. The nearest grocery I knew in that area is in Harrison. Oh there's also 1 small grocery along Vito Cruz. About 1 block away from DLS-CSB SDA building. :)

Render

http://2.bp.blogspot.com/-bvetOaGYbxs/TZwUjIP-01I/AAAAAAAAACU/vJye7hUtUx8/s640/sm-green-residences-dlsu.jpg

i have not seen the floor plans but it would seem that most of the additional 5sqm area would be used up for the balcony, so it would seem u end up paying 33% more just to have the balcony - as for the views, u really wont have a good view sa front and the sides of the tower kasi it's blocked by cityland and other tall condos right beside it.

BUT ang magandang view that I could see would be sa LIKOD - u might have an obstructed view of the Manila Bay and a full top view of the Rizal Stadium/Harrison compound at the back!

Too expensive.... DMCI La Verti Residences might be a better option

50 floors????

Too expensive.... DMCI La Verti Residences might be a better option

Agreed that its too expensive, but La Verti not a better option at all. Cityland would be a better option. Most of those who are going to buy here are most likely those working or studying in DLSU or St. Scho or investors who are going to rent it out to them. The road going to La Verti from DLSU is unsafe and dirty and now traffic just got even worse with the expansion of Jac, green star and DLTB.

I agree on derf. Target markets of Green Residences are those people from DLSU, DLS-CSB, and St. Scho or those investors who will rent this out. DMCI La Verti Residences is a dangerous place to travel when you'll be coming from La Salle. Road there are dark and are prone to holdapers.

FOR MORE INQUIRIES PLS CONTACT:
Ryan at 0906-5709190

agree that dmci's la verti as still a better option. the only advantage of dis project wud be its location - near to lasalle and yes its savemore access.. But la verti's resort type amenities, 60% open space area (not d usual box type bldgs of d dlsu area), contractors track record plus much more competitive pricing more than makes up for its location.. Although la verti's location isnt rili bad at all - its location does not limit its market only to dlsu students but also to makati yuppie workers and moa complex lovers. There are just too much projects now in d dlsu area fighting for the student market.

I agree that La Verti will capture not only the students but also employees working in Makati. And the resort type amenities is a plus factor.

On the other hand Green Residences suits well for students. When I was still a student, we usually hang out on my friend's condo in Burgundy. Co'z as a student, we usually have irregular sched. Sometimes we have a very long time-gap for our next class. I was able to experience to have a subject where in my first class will be 8-11am then my 2nd class will be 6-9pm. Having a house besides the university will allow me to save travel time, and relax at the convenience of my house. Once you already graduated and you no longer need your condo, you can easily rent it out to students. Rental within the area usually cost around 15-30k/month depending on how big your unit is.

FOR MORE INQUIRIES PLS CONTACT:
Ryan at 0906-5709190

Just my two cents about La Verti's neighborhood, which some poeple don't seem to take into account. Obviously, once the whole development is done, then the surrounding area will become much safer and brighter. That area of Taft will probably experience a revival with all the relatively affluent people moving in. Also, the side facing Manila Sanitarium leading to Rizal/Harrison is quite safe. it's already full of condominiums and middle-class homes, and a lot of dorms for La Salle/Arellano students.

Per SMDC's application of insurance cover for the construction of their various projects, they listed September 2011 as the estimated commencement of construction for Green Residences - with estimated duration of 42months. It is briefly described as having more or less 50 physical levels of Commercial/Residential Condo with basement, 6 level parking & commercial space

As per my experience when I was still a student, I don't feel safe when I walk from Lasalle to Buendia.. The road when you pass through Vito Cruz isn't safe especially during the night. I have a friend who live in a condo along that area, and she usually ride a pedicab each time she go back to her condo. Pedicab in this area will charge you no less than 20-30php.

I have the renderings of this project in PDF files, Still thinking if I can start giving special discount for SSC buyers on top of the discount given by the company as what I did in my previous company:):)

^^ how much na ba dito? like /sqm including discounts? is this on sale already?

^^ how much na ba dito? like /sqm including discounts? is this on sale already?

Based on Studio list price of 16sqm @ 1.4M around 87thou per sqm. Discount 4% for 20% spot down payment. No discount for 5% DP. 1BR list price @ 23sqm is 2.04M

Sample computation for Studio unit..

TLP: 1,408,500
56,340(less: 4% discount)
1,354,160
74,368.80 (plus: other charges)
1,426,528.80 TCP


20% 285,305.76
25,000.00 Reservation Fee
260,305.76 spot DP

80% 1,141,233 / 36 months

31,700.64

June 01, 2011 start of choosing the preferred unit. Reservation date is September 15, 2011. 1st MA date is October 15, 2011.
Turn-over date is 4th quarter of 2015.

Additional Discount for SSC buyers..

fully furnished na ba 2?

Fully Fitted and mga units dito..

FOR MORE INQUIRIES PLS CONTACT:
Ryan at 0906-5709190

Here are some scanned copy of the renderings..sorry if medyo blurred ang copy.

http://i45.photobucket.com/albums/f94/bevepi/green%20residences/IMG_0003.jpg

http://i45.photobucket.com/albums/f94/bevepi/green%20residences/IMG_0002.jpg

http://i45.photobucket.com/albums/f94/bevepi/green%20residences/IMG_0004.jpg

We now accept LOI's =) :cheers:
0917-570-9142
Ronald

june 1 will be the start of loi queuing...

Paano pag apply ng LOI and magkano discount pag cash?

Paano pag apply ng LOI and magkano discount pag cash?

10% discount for cash term and additional discount for SSC buyers:)..I can send you details for you to choose a unit and some documents that need to be signed. PM for more info. Lets keep in touch

LOI starts tomorrow June 1. Special discount on top of the discount by the company for SSC buyers..PM me for details..:)

Studio unit starts at 1.4M @ 15.45sqm

Payment terms:
1. Spot Cash - 10% discount

2. Deferred Cash - 20% DP, 80% over 36months - 4% discount

Studio Suite - Around 260k DP, 30k/month x 36months
Standard 1BR - Around 400k DP, 49k/month
1BR de Luxe - Around 460K DP, 54k/month

3. 10% DP over 3months, 10% over 33months, 80% balance

Studio Suite - Around 60k/month x 3months, 4k/month x 33months
Standard 1BR - Around 49k/month x 3months, 6k/month x 33months
1BR de Luxe - Around 77k/month x 3months, 7k/month x 33months

4. 5% DP, 15% over 36months, 80% balance - THE BEST PAYMENT OPTION

Studio Suite - Around 49k DP, 6k/month x 33months
Standard 1BR - Around 89k DP, 9k/month x 36months
1BR de Luxe - Around 100k DP, 10k/month x 36months


Unit Types:

1. Studio Suite

15.65 sqm - starts at 1.330M
16.21 sqm - starts at 1.460M
20.12 sqm - starts at 1.660M


2. Standard 1BR

23.47 sqm - starts at 2M
24.22 sqm - starts at 2.180M
27.94 sqm - starts at 2.430M
28.87 sqm - starts at 2.46M
32.97 sqm - starts at 3.1M

3. Standard 1BR with Balcony (Manila Bay View) - On MANAGEMENT HOLD

4. 1BR Deluxe

28.17 sqm - starts at 2.46M

Impt Reminders:

The following are the LOI stage requirements:
FOR STRICT COMPLIANCE
1. Duly-signed LOI form
2. Duly-signed ORIGINAL Reservation Agreement form (available in the office)
3. Photocopy of valid ID
4. Reservation Check payable to 2241 Properties Inc. dated SEPTEMBER 15, 2011.
(For those clients who will be using checks under a different account name, please ask them to provide authorization letter from the person who will issue the check)

REMINDER:

- Please take note that units with incomplete requirements shall be re-opened after 2 days of holding.
- Client's name given for holding the unit must be the same person who will issue the check, or unit will automatically be re-opened.
- Please ask for 3 preferred units from your clients in case the first choice is already on hold.
- Start of holding in the system will be June 15 or earlier.

p?

facing makati skyline sold out?

I presume there are still available. PM me if interested..as always, "special" discount for SSC buyers..

will this have a good makati view, considering u have d cityland towers in front? Unless u r in the higher floors... Imo, better ang view nito sa likod, unobstructed view of d manila bay and a sprawling bird's eye view of all d happenings in the rizal stadium

yup pro naka hold yata lahat ng units facing manila bay baka di makuha ng introductory price.

yup pro naka hold yata lahat ng units facing manila bay baka di makuha ng introductory price.

It's natural for a developer to hold prime units pero meron namang available facing Manila Bay.

ano pinagkaiba between fully furnished and fully finished what are the items included in green ? thanks.

the tallest building of sm

at 50flrs wid so many rooms per floor, this will surely make d rental market in d area more competitive esp since marami projects ngyn dyan targetting d same market lang.. Good thing for eton's archers place kasi nauna cla, they were able to lock a lot of buyers na,dahil mahihirapan sila kung nakipagsabayan sila with smdc. Laverti is also okay since at least they are not just limited sa student market since they also have the makati yuppies and young families within their reach. Cityland can still compete in terms of affordability but they have to make sure they don't price near d smdc level. It will be challenging though for torrelorenzo2 while this will doom whtaft.

ano pinagkaiba between fully furnished and fully finished what are the items included in green ? thanks.

Finished units lang ang Green, nde furnished. Livable na, just bring your furnitures/appliances.

so hows the launching? kamusta sales?

halos 82K/sq meter na rin pala. a bit expensive.

so hows the launching? kamusta sales?

according to some agents, It moving well, units available are limited pa naman..sales velocity will still rise once they open other units specially the premium ones..

halos 82K/sq meter na rin pala. a bit expensive.

but the unit cuts are small, halos ganun na din naman with other projects in the area with bigger unit cuts.

saw an ad... tama ba ito - 80 units per floor, 12 elevators, 3,440 residential units all in all just for a single bldg? talk about density. i wonder how big is the lot area? Sarap kumuha ng commercial unit dito... residential unit, il think twice.

http://www.classifiedads.ph/business/investment/green-residences-by-smdc/

yikes!!! 80 units per floor?? That will certainly be nightmarish and chaotic. Security will definitely be a problem. And at 80k/sqm above, that is certainly very expensive for a boarding house.

What????? Is this for real???? 80 units per floor! OMG

wow, ano yun mga nitso sa sementeryo sa north cemetery or south? este north pala kasi yung south ay jazz resd., lang hiya, magrenta nalang ako ng apartment sa leon guinto, malalaki pa ang cuts, di pa maraming tsismosa

bwahaha! at 32nd-40th and 43rd-48th floor, there's 85 units per floor! this is unprecedented! smdc is eying to be included in the guinness book of world's record! :lol::lol::lol:

only a dumb person would buy these. with that price range? there's a lot of better alternatives out there. (geezz! 85 units per floor?) :nuts::nuts::nuts:

ooohh... i need to add, smdc have a habit of adding additional floors along the way without the initial buyer knowing. its going to be a lot denser than it already is. :lol::lol::lol:

hmmmm...mas dense pa sa myplace brand nila?

i think mali yung branding nila. this one should have been myplace. but since its near la salle they might have thought of using smdc name para mas may "class" ang dating (pero same lang sa myplace). so that they can jack up the price. heheh. marketing strategy 101.

80 units per floor?!? weh? baka typo lang?

before when there is a new project being launch, agents are very fast posting pics and floor plans/layout. nag-u-unahan sila. now, it seems parang tinatago ang mga floor plans. bakit kaya? :lol::lol::lol:

@richard
pagtiyagaan mo na lang i-count. i can't seem to find a more clearer pic of green residences the floor plan.

8th floor (82 units)

http://farm4.static.flickr.com/3386/5847917096_4bb31b5f1f_b.jpg

9th floor (82 units)

http://farm3.static.flickr.com/2753/5847917684_076c158b57_z.jpg

32nd-40th & 43rd-48th (85 units per floor)

http://farm3.static.flickr.com/2747/5847359333_fff1e71a52_b.jpg

imo, this project wouldn't be a good buy...

I wouldn't buy a unit for my own use.. aside from the project's high density, parang ang hirap na ang kasama mong nakatira sa building ay puro estudyante..

Likewise, it wouldn't be wise as well to buy a unit for investment/rental purposes.. Sa dami ng units, competition would drive the rental price down, down, down... Renters would probably go for other nearby projects first (where there is less people and hindi tenement ang dating). Anyway, they can easily access din naman this project's distinct selling feature which is having Savemore in their lobby.

Sorry, but hopefully this project wouldn't sell well, so that SMDC would learn how to moderate its greed and not again design a project such way.

delikado ito pag nagkaroon ng sunog. dapat hindi pinapayagan ang ganitong project at pagsasamantala ng developer. :ohno:

I tried to count. Tama nga ang bilang. OMG.

I agree with everybody regarding the density of this project, especially joshua's comment. This is just outrageous, more than 80 units per floor. And they have the temerity to call a 15sq.m. unit as a "studio suite". Suites connote something elegant, something classy. Mali nga yung branding, di pwedeng sa SMDC, pero hindi rin pwede sa mplace yan. Dapat 'my tenement' yan. Malaking panlilinlang eto. Sana hwag magpaloko mga investors dito. If they are gonna saturate the market with 3,000 plus units, it will definitely drive down the rent. Now maybe thats why they call themselves "the good guys" (good in getting your money) :lol:

delikado ito pag nagkaroon ng sunog. dapat hindi pinapayagan ang ganitong project at pagsasamantala ng developer. :ohno:

SM gets" special treatment" from "public servants", BLUE residences di ba may special zoning permit or something?:ohno:

Pardon my ignorance, but what is the standard number of units in a comparatively priced residential building? The look of the building seems nice, but I agree with the comments that the density is way too high. 80 units * ave 2 persons per unit * 45 floors = a whole lot of people :)

the Cityland condos i've been to have about 25-35 units per floor...
Beacon has about 30-35...
Some of the middle market condos i think would have about 20-30 units..

magkano ang 15 sqm studio dito? dapat price is 900,000 lang or 60,000 per square meters...pag sumubra pa to, ang masasabi ko mga tanga ang kumuha dito...

meron na rin palang vista land na itatayo daw diyan sa may dlsu?? this place is really getting so saturated.

la salle kasi ang market, at this point la salle students climb up to the highest enrollees...many parents send their childrens to la salle than ateneo,up,and ust because of the different kinds of opportunities here and abroad...the investments came from the very first year of their child in college,the in flocks of students turned dmci,smdc,eton,nsjb,cityland and other developers and constructors open up their intellect. so far, they were the parents and relatives and alumna of la salle!!! ANIMO LA SALLE!!!

^ano raw? sumakit ulo ko kakaintindi :banana:

pabayaan mo na yan, wag mo ng intindihin, nagmamadali na kasi ako nyan papuntang cr

papuntang cr sabay sigaw ANIMO LA SALLE? :D

yung sa sea residences mukhang hospital. yung sa field residences, yung isang cluster mukhang public school.

saan kaya inspire ang design ng green residences? siguro na-inspired yan sa mga designs ng tenements. o kaya after ng jazz project, na-inspired si smdc sa katabing cemetery kaya gumawa na din sila ng columbarium inspired condo.

alin kaya mas bagay?

"Five-star tenement, now made affordable!"
"Five-star columbarium, now made affordable!"

grabe ang school spirit...haha

Just FYI. Jazz Residences Tower A only has 22 units per floor.... I dont know about the other 3 towers...

First price increase effective July 5, 2011
Additional units now available.

is it possible to re-sell the unit while under the down payment process pa lang? pano ang paperworks like name transfer?

maganda sana itong project ito because of it's location pero yung sa number of units per floor.. sobran masyado yung ginawa nila...:bash::nuts:

got the chance to see the latest model ng green residences sa moa.. ganda ng design ng bldg...

got the chance to see the latest model ng green residences sa moa.. ganda ng design ng bldg...

^^ any pics..?

saw their booth at the MOA last weekend.. the agent was insistent that the current rental rate of the 16sqm units in the lasalle area is ranging at 20-25K daw per month, so walang talo sa investment na ito! When i asked about how many units are there per floor, she mentioned around 50... but when i pointed out that based on their layout and unit list, there will be around 80 units per floor, she embarassingly admitted that indeed there are 80 units each floor, but this is just because it is supposed to be a three bldg project that are connected to each other.

20-25k for 16sq/m unit?:lol:

1bedroom with balcony units facing Manila Bay now available for sale.

any one who can afford the 1 bed condo would be better of looking close by there is far too many units in this building the one i live in has only 6-8 units per floor.

Sorry, I can't digest.

Sorry, I can't digest.
lol.

Anyway, sales in green residences is S-L-O-W.. @_@

eh kasi naman SMDC is too greedy... units are too expensive for the densely populated building they are proposing. This is contrast to the good sales record of its nearby projects - Archer's Place, La Verti, Cityland in front.. it just goes to show that the problem is not so much on the market, but on the project itself.

camelle condo homes is just beside university mall,that is the most strategic place or condo unit of all la salle area development. not so much condensed in terms of room per floor but the question is when would start? we hope that it will not gain from their other vista land high rise projects that counts half a decade to dig a small hole

eh kasi naman SMDC is too greedy...

so, they are not the 'good guys'...?, maybe the 'greedy guys'..? :lol:

camelle condo homes is just beside university mall,that is the most strategic place or condo unit of all la salle area development. not so much condensed in terms of room per floor but the question is when would start? we hope that it will not gain from their other vista land high rise projects that counts half a decade to dig a small hole

Inalis na youn McDo?

Sana mag-invest na lang into building another university so there will be more students needing more condo units he he. With all these condo projects sprouting like mushrooms, soon the units available will far outnumber the student population of the La Salle University.

Inalis na youn McDo?
Yung building sa tabi ng Torre Lorenzo yata yung gigibain, yung may mga ukayukay at 7/11 dati :) parang ang liit ng lot area nun ah?:nuts:

Sana mag-invest na lang into building another university so there will be more students needing more condo units he he. With all these condo projects sprouting like mushrooms, soon the units available will far outnumber the student population of the La Salle University.

di lang nman La salle ang university dyan sa area, meron ding U.P. Manila, St. Scho, Sta Isabel, at marami pang iba

Yung building sa tabi ng Torre Lorenzo yata yung gigibain, yung may mga ukayukay at 7/11 dati :)

^^ ang sinasabi mo yata ay ung camella condo homes la salle, un ung sa 7-11, hala nahilo na :nuts: green residences 'tong thread na 'to hehe

parang ang liit ng lot area nun ah?:nuts:

parang sanay na ang most developers sa Manila sa mga malilit at minsan ay irregularly shaped na lote na pagtatayuan ng high-rise, halimbawa jan ang Mayfair Tower, 1000 m2 lang

^^ ang sinasabi mo yata ay ung camella condo homes la salle, un ung sa 7-11, hala nahilo na :nuts: green residences 'tong thread na 'to hehe


dahil sa dami ng developments sa area talaga nakakahilo na :nuts::lol:

LET COMPARE GREEN RES. VS. CAMELLA LASSALE


Cammella lasalle vs Green Residences

Total land area = 1382 sqm VS total LAND AREA = 3, 589 sqm

Total residential units = 1,133 units VS total residential units = 3378 units

No.# of elavators = 3 VS NO. of elavators = 12

Price for 23 sqm = 2.3 M VS Price of 23 sqm = 2m

OWNER = Villar ClanVS SY Clan

For President next elec. = YES Vs NO

^^ nice humor there dude :colgate:

Camella homes lasalle units/flr. = 33 no.of elavator 3

GREEN RES. units/flr. 85/3 = 28 no.# 12/3 = 4 elevator per tower but the design U SHAPE.

Vista previous project. THE CURRENCY ORTIGAS start 2007 no. of flr. in progress = 0

SMDC prev. proj. THE LIGHT RESIDENCE BONI start 2009 no. of flr. in progress =30flr.

5 years delaying the project for rentals 15 thou per month makakabili ka ng isa pang condo.

LET COMPARE GREEN RES. VS. CAMELLA LASSALE


Cammella lasalle vs Green Residences

Total land area = 1382 sqm VS total LAND AREA = 3, 589 sqm

Total residential units = 1,133 units VS total residential units = 3378 units

No.# of elavators = 3 VS NO. of elavators = 12

Price for 23 sqm = 2.3 M VS Price of 23 sqm = 2m

OWNER = Villar ClanVS SY Clan

For President next elec. = YES Vs NO

Green residences: 12 elevators with Zoning meaning specific elevators are assigned to specific floors.
80 units per floor / u-type design.
IMO, parang 2 towers with 40 units per floor, 6 elevators each tower.

Price increase soon this September for Green Residences.

Prince increase soon this September for Green Residences.

I hope the prince will not make it too high or low. j/k haha

I hope the prince will not make it too high or low. j/k haha

Wow!.... did you meant Prince (aka Prince Rogers Nelson), the American singer, songwriter, actor, etc….. “The Artist Formerly Known as Prince?” :lol: He’s good, talented and doing quite well. Will he grew-up (increase) in height by next month? How does he do that? :nuts:

Sorry …I saw the humor and just wanted to add my own corny ideas…. Cheers!!! :banana:

Green residences: 12 elevators with Zoning meaning specific elevators are assigned to specific floors.
80 units per floor / u-type design.
IMO, parang 2 towers with 40 units per floor, 6 elevators each tower.

i think its 50f... 5level podium tapos 45flrs yung residential..

Wow!.... did you meant Prince (aka Prince Rogers Nelson), the American singer, songwriter, actor, etc….. “The Artist Formerly Known as Prince?” :lol: He’s good, talented and doing quite well. Will he grew-up (increase) in height by next month? How does he do that? :nuts:

Sorry …I saw the humor and just wanted to add my own corny ideas…. Cheers!!! :banana:

ahaha =) i'm sorry sa typo error =p
tao lang =)

Bump. May construction workers na sa site and may isang excavator. Pero as far as I can see, prep work pa lang.

musta kaya ang camella condo kailan kaya makikita na may workers sa site????let's compare kungsino mabilis magkapit bahay lang eto eh..

Bump. May construction workers na sa site and may isang excavator. Pero as far as I can see, prep work pa lang.

yup seen the excavator last saturday... tama nga yung sinabi ng mga agent sa MOA na by september start na ang paghuhukay diyan.. and expected na matapos on 2014..

musta kaya ang camella condo kailan kaya makikita na may workers sa site????let's compare kungsino mabilis magkapit bahay lang eto eh..

baka matagalan pa to.. nakita ko may parang sinaunang bahay ito sa likod e.. damay ba yun sa pag demolish?!

baka matagalan pa to.. nakita ko may parang sinaunang bahay ito sa likod e.. damay ba yun sa pag demolish?!

May part ng Green Residences na nakalawit sa kanan (viewed from Taft). Dun sa render, mas mahaba rin yung podium sa bandang kanan compared sa building mismo. I think entrance lang yung nakausling part na iyon at safe pa yung mga bahay sa likod.

ang totoo, lalagyan muna ng model house at showroom for a minimum of 1 year,then saka palang gigibain ang showroom at magiistart na silang maghukay, sa ngayun di pa natatapos ang showroom, around 6 months daw para mag operate ang showroom, estimated completion as possible as 2017 kung maka 75% sila upto 2013....


sa mga buyers at agents please mag usap kayo ng maayos at klaro

ang totoo, lalagyan muna ng model house at showroom for a minimum of 1 year,then saka palang gigibain ang showroom at magiistart na silang maghukay, sa ngayun di pa natatapos ang showroom, around 6 months daw para mag operate ang showroom, estimated completion as possible as 2017 kung maka 75% sila upto 2013....


sa mga buyers at agents please mag usap kayo ng maayos at klaro

During our orientation last June 2011, expected start of construction is last quarter of 2011 to first quarter of 2012. Approx target completion is Dec of 2015. Turnover target is first half of 2016. We have not received any memos regarding any changes on these dates. But I will verify this.

Thanks sa info @wensusled :-)

The walls at both sides are now demolished. May steel poles na on both ends, so I expect a fence to go up over this weekend.

hosted on www.photobucket.com

Facing Taft
http://i23.photobucket.com/albums/b358/thomasian/2011/green4_large.jpg

Facing Manila Bay
http://i23.photobucket.com/albums/b358/thomasian/2011/green2_large.jpg

Facing Manila Bay
http://i23.photobucket.com/albums/b358/thomasian/2011/green3_large.jpg

it looks good .., kaya lang parang ang tagal mag-start ng construction ... :|

Wala bang height comparison to BAGH?

TLTS issued last week.

nag start na ang 1st payment Nov.9 25,000 Pesos downpayment.

Maybe you mean, the 25k Reservation fee? 30days after pa yung 1st DP.

Maybe you mean, the 25k Reservation fee? 30days after pa yung 1st DP.

yup the 25k resv. fee it's mean the next payment 5% spot downpayment less 25k for option 4 (5%spot DP,15% in 36mos, 80%).

If you dont mind, for how much did you get your unit?

If you dont mind, for how much did you get your unit?

TCP 2,166574.33 including the 5.5% other charges for 23.47sqm. What do you think good price?

Apologies! Just spreading the word and maximizing read count!

http://i1122.photobucket.com/albums/l540/leechtat/balls-onesamahan-1.jpg
http://i1122.photobucket.com/albums/l540/leechtat/STAR-DETAILS2-1.jpg

^^ I hope you can all attend. Our venue is class. We shall also feature 10 winning photos of SSC Members, capturing the green Philippine cityscape. :)

Why SMDC using 2241 PROPERTIES INC. and all checks payable to 2241 properties also all the OR'S nakapangalan sa 2241 prop. wla ba sila sariling resibo or taga kolekta. Kaano ano ba ni SMDC si 2241 properties?

SMDC is the owner of 2241 Properties, Inc...and the latter is the owner of GREEN Residences. It is not a Joint Venture.

BTW, 2241 is the actual address of Green Residences.

so it's mean green is 100% own by smdc and perpetual ownership for buyers?

wow grabe 85 units per floor ang ingay at ang gulo siguro

GROUND BREAKING Dec.01 2011

bukas na,sana sa sabado, kasabay ng azkals-galaxy dream game

wow grabe 85 units per floor ang ingay at ang gulo siguro
May rules and regulation naman siguro ipapatupad.

wow grabe 85 units per floor ang ingay at ang gulo siguro

for me, parang two towers yung green na pinag-isa, ginawang U-type design, and may zoning din yung elevators

wais talaga ang SM talagang pagkakasyahin !!! yan 2loy nagaya ung ibang developer!!!

sympre SMDC pa sulit lagi ang per sq.m. ng lot nila kung 85 units per floor tlga jackpot nnman sila.hehe

Natangap ko na ang CTS and MasterDeed Bilis yata ng green samantala ang LIGHT wla pang master.

TCP 2,166574.33 including the 5.5% other charges for 23.47sqm. What do you think good price?
^^
not bad po yan...:)

Natangap ko na ang CTS and MasterDeed Bilis yata ng green samantala ang LIGHT wla pang master.

Hi frank. AFAIK wala pang released CTS and MD ang GREEN. We are still distributing payment sked, and collecting the 1st DP.

Really? eto nga binabasa ko napakakapal Master Deed and Declaration of Restriction (4 sets) 1 summary of Basic Provision CTS and Detailed Provisions,scehedule of payments (8 sets),BIR FORM 1904 and 1 courier envelope pouch from SMDC. Any way i will call my agent and SMDC call center to verify.

I've given the reservation fee but I haven't started payment. Is there any way that I can withdraw my RF?

no, you can no longer withdraw your reservation fee since it is usually non refundable. What you can do, if the check hasn't been encashed, put a stop order or don't fund the check nalang - u'll be incurred with charges but thats better instead of paying the whole reservation fee of 20K or 25K. I don't think hahabulin ka pa ng SMDC (estafa charges, etc) since the RF is just small for them para habulin ka pa.. believe me, sanay na ang SMDC sa mga talbog na checks.. Dont worry also too much about your credit standing with the bank.. they'll just charge you, pero they won't put you at the negative data bank agad agad.. they'll be happy to just charge you with 4K+fees.. when the bank asks you (they rarely will kasi marami ding tumatalbog na checks), you can just mention na u forgot to fund or you already told SMDC to hold d check and it was a lapse on their part. Magkakaproblema lang naman if SMDC will file charges against you which i dont they will

I think habang hindi pa napapasok yun check pede mo pa marefund yun Reservation agreement sa SM Green Residences (http://www.youtube.com/watch?v=HnR94rdw588) or the best way is kausapin yun agent or broker mo para maibalik yun checke. In my brother's case, nerefund pa niya yun reservation fee niya, kinausap ko lang yun agent. Basta yun rf hindi pa naipasa sa accounting.

Equipment is already present in the site, including what looks like a piledriver with a cheesegrater at the bottom. Nagtatayo na rin sila ng field office. :O

wow bilis musta kaya ang katabi nito LASSALE VISTA LAND naghuhukay na kaya? he..he..

Wala pa, last time I visited, showroom pa lang with the Camella Condo jingle ang naandun. But I think they'll probably start soon. One Archers is putting up finishing touches , EGI is the same as ever, Torre Lorenzo 2 is growing taller, Manila Residences 2 is beginning excavation and wala pa ring development sa condo ng mga Concepcion.

updates naghuhukay na ba????????

nagstart na sila ng piling, ang maganda yung henry sy hall sa DLSU

http://img46.imageshack.us/img46/5802/invitek.jpg

SMDC launches 'Green' condo in Manila

ABS-CBNnews.com | Wednesday | 02/01/2012 | 10:30 AM

MANILA, Philippines - SM Development Corporation (SMDC) is going "green" as it launched its newest condominium project Green Residences in Manila.

Green Residences is located along Taft Avenue, Manila, just a stone's throw away from De La Salle University, College of St. Benilde and St. Scholastica's College.

Construction on the single-tower, 50-storey condominium began late last year. Target completion of the project is expected by the first half of 2016.

SMDC said Green Residences will cater to the demand for first-rate homes for students and their families in the Manila area.

Estimated pre-selling prices for the units range from about P1.5 million to P3.5 million. Unit types are studio suite and one-bedroom, with or without balcony, with sizes ranging from 15 to 35 square meters.

Planned amenities at the condominium include a library with Wi-Fi hotspots, a gym, a game room, function rooms, and a swimming pool. An SM SaveMore branch will open in the ground floor of the building, as well as other shops and restaurants.

SMDC currently has 15 residential projects under its SM Residences brand and two projects under the M Place brand.

Source: http://www.abs-cbnnews.com/business/02/01/12/smdc-launches-green-condo-manila

2016 layo pa

may unit na 15 square meters? ano yun, CR na may kama?

siguro parang motel room na rent-to-own ...

3 meters widex5meters long,not bad

sa 15sqm na yan kasama pa ang banyo at kusina? :bash: :shocked: :ohno:

15sqm??? sobra naman tubong lugaw na sila niyan pag nasold out nila yun whole condo