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Makati The country's primary financial center



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Old September 17th, 2008, 07:13 AM   #81
selrahc08
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yup 7% of the total contract price. For me it's really a great investment!



San Lorenzo Place

Last edited by selrahc08; September 20th, 2008 at 12:51 PM.
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Old September 17th, 2008, 08:21 AM   #82
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but a 7% increase on 3.2M will just compute to 3.424M... plus 5% pa yan nung july. really great investment.
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Old September 17th, 2008, 12:49 PM   #83
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yeah plus 5% pa nun july.. sa december kya ilan nmn kaya iincrease
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Old September 19th, 2008, 09:01 AM   #84
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Quote:
Originally Posted by leechtat View Post
as an investor, imho, you should be thinking of the price tag rather than the view. if its cheaper without the view then grab it. i am sure rental will be easier for cheaper rates. in that area, 10-20k a month is not bad. make it 15k with all these amenities. the tenant will have to pay for the condo corp dues.

for other areas near makati cbd, places such as legazpi or salcedo. they can price it as much as 40k for a 1br unit. amazing.

think of many doors = more income. maybe leisure quality (view and amenities) will come next if you have the extra money.
What would you say a realistic rental price in PESO is for a 2 B/R 105 sqr meters will be in Makati CBD? (I have a 2 B/R on 40.floor under construction One Central 2012)
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Old September 19th, 2008, 10:17 AM   #85
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Quote:
Originally Posted by Shazzam View Post
Could this Project be the lot in contention on this business news below? Paki "chunkycheck" nga ang size ng lote AARON/THOMASIAN, please?

Guevara firms seek return of Makati lot



Philippine Daily Inquirer
First Posted 04:31:00 09/10/2008


Real-estate firms Guevent Industrial Development Corp. (Guevent) and Honeycomb Builders Inc., owned by the Guevara family of the Avis Rent-a-Car chain, have asked listed mining firm Omico Corp. to return 2,426 square meters of prime property in Makati City after the latter allegedly failed to comply with the terms of a joint-venture agreement involving the development of the parcel of land in 1995.

The property is located at the corner of Pasong Tamo Extension and EDSA (Epifanio delos Santos Avenue) and is only half of the total 4,959 sq. m. of land that is the subject of the joint venture for a condominium project.
Alberto Gaviola, legal counsel of Guevent and Honeycomb, alleged that Omico was supposed to construct a mixed-use condominium project on the property that should have been finished by September 1998, if not for the impact of the Asian financial crisis in 1997.

Omico bought two parcels of land from Guevent and Honeycomb for about P62 million. The remaining two parcels of land were the subject of a joint venture with Guevent and Honeycomb wherein Omico was to develop them into a condominium projects.

Guevent and Honeycomb are demanding that Omico give back the property bought from them since Omico failed to deliver the project, Gaviola said.

The lawyer also said that the Guevaras had written Omico that it was canceling the joint venture with the listed firm.

Omico president Tommy Tia said the company was still studying its next move regarding the demand of Guevent and Honeycomb that they be paid P500 million in damages and penalties for opportunity losses and the group’s letter indicating that it was rescinding the joint venture.

“The demand for damages have hampered our ability to negotiate for financial packages for the condominium project,” Tia told Inquirer.

Tia also explained that aside from the Asian financial crisis, the Makati city council has issued a resolution in 2000—-Resolution No. 2000-078—limiting the height allowed in that part of Makati to a floor area ratio of 4, which means buildings should stand only about 6 stories high to prevent any obstruction to landing aircraft.

If it pushed through with the condominium development, the project would have involved two towers, standing 18 stories each, with each tower offering 330 units. The project would have cost about P1.7 billion, Tia said.

Tia added that it could no longer pursue the project with Guevent and Honeycomb under the agreed terms due to the restriction.

Gaviola said Guevent and Honeycomb should have received condominium units worth P247.95 million or 10.9 percent equivalent to 6,612 sq. m. of the total saleable area had Omico completed the project as scheduled. Elizabeth Sanchez-Lacson
Here, a measurement of the lot of San Lorenzo Place.
http://wikimapia.org/#lat=14.5422026...916;363;0;8463

And the lot across it. Please visit the link to check if I had the lot shaped properly. If not, you may readjust the points to conform to the actual lot shape so you can get a more accurate measurement of the lot size.
http://wikimapia.org/#lat=14.5412109...3;0;1091;536;0
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Old October 28th, 2008, 02:22 AM   #86
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any update on its showroom?
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Old October 29th, 2008, 06:49 PM   #87
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showroom is already up. it's actually huge and the parking lot can accomodate dozens of cars.
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Old November 16th, 2008, 04:27 PM   #88
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Finally, my photo of the site
image hosted on flickr


and future views from San Lorenzo Place will be something like this:

west view
image hosted on flickr


makati cbd view
image hosted on flickr


fbgc view (minus the power lines)
image hosted on flickr

Last edited by Ph Man; November 17th, 2008 at 04:30 PM.
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Old November 17th, 2008, 02:36 PM   #89
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nice views.. plus the building across is now being completed... keeping fingers crossed that this project (or the industry in general) will not be affected in any way.
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Old November 23rd, 2008, 07:10 PM   #90
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just met with my agent.. they were trying to get in touch with all buyers... instead of tower 3 which they initially opened for sale... ililipat daw kami sa tower 4 which they decided to build first.

hay from 14 units units per floor ngayong biglang 24 kaming units per floor.

wow mali kasi yung paglagay nila ng showroom... it's on the spot where the supposedly first tower (tower 3) will be built.

i guess it's also a sign na they do not have the resources para unahin ang t3 kasi this will mean they have to build the huge podium below it.
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Old November 23rd, 2008, 10:32 PM   #91
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this is a big news! won't the podium be shared by all 4 towers? will T4 be right beside the supposedly T3? why not build T1 and T2 first?
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Old November 24th, 2008, 04:29 AM   #92
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towers 1,2,3 share an l-shaped podium. tower 4 has an independent podium
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Last edited by xavierdude; November 24th, 2008 at 07:56 AM.
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Old November 24th, 2008, 05:10 PM   #93
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i see, thanks for the info dude.
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Old December 4th, 2008, 04:56 PM   #94
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nakow... hindi pa ko nasasabihan ng agent ko ah.
i got 2 units, one in 7th floor and one in 36th.

concern ko lang, diba yung isang building oposite ng site sa edsa, yung building na luma, hindi natuloy yun sahil nag reklamo yung mga mayayamang nasa subd sa baba nya diba? sana naman wag mangyari ito sa san lorenzo tower.
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Old December 4th, 2008, 06:09 PM   #95
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Quote:
Originally Posted by phey_05 View Post
nakow... hindi pa ko nasasabihan ng agent ko ah.
i got 2 units, one in 7th floor and one in 36th.

concern ko lang, diba yung isang building oposite ng site sa edsa, yung building na luma, hindi natuloy yun sahil nag reklamo yung mga mayayamang nasa subd sa baba nya diba? sana naman wag mangyari ito sa san lorenzo tower.
That building is nearing completion.

by: six453

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Old December 4th, 2008, 07:08 PM   #96
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somebody handed me a flyer of san lorenzo place at megamall. a 36sqm unit is already priced 3.6M. 100K/sqm already, wow. how much did this start?
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Old December 4th, 2008, 08:12 PM   #97
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wowowe
ok ah... salamat sa update palibhasa matagal tagal na rin akong hindi umuuwi ng pilipinas...

3 X na nag taas ang TCP ng SLR tower, July Sept & December 5% each...
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Old December 5th, 2008, 07:10 PM   #98
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Quote:
Originally Posted by phey_05 View Post
nakow... hindi pa ko nasasabihan ng agent ko ah.
i got 2 units, one in 7th floor and one in 36th.

concern ko lang, diba yung isang building oposite ng site sa edsa, yung building na luma, hindi natuloy yun sahil nag reklamo yung mga mayayamang nasa subd sa baba nya diba? sana naman wag mangyari ito sa san lorenzo tower.
if youve got 1br units, more likely youll be asked to upgrade to two bedroom units as tower 4 got only 1- 1-br unit per floor, compared with t3 having 2 units per floor
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Old December 23rd, 2008, 07:08 PM   #99
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Posted this in the alphaland thread, sana gawan ng connection yun mga yan to the magallanes train station. It's being rehabilitated already para convenient na mag commute from Alabang hehe.

Train to Magallanes, then MRT to wherever you work.
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Old January 1st, 2009, 08:23 PM   #100
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San Lorenzo Place showroom now open
Updated January 02, 2009 12:00 AM
Philstar.com

Get an early feel of how it would be like to live in a stylish suite of the San Lorenzo Place Makati CBD Luxury Residences by visiting the showroom that is now up for public viewing right at the project site across Magallanes Village.

Empire East Land Holdings Inc., an affiliate of leading property developer Megaworld Corporation, has unveiled the San Lorenzo Place showroom featuring three model units of this high-rise condominium community.

“The new San Lorenzo Place showroom gives our clients a preview of the transit-oriented lifestyle right in the heart of the Makati central business district,” Empire East president Anthony Charlemagne Yu said.

The four-tower San Lorenzo Place has 26-square meter single-bedroom suites, as well as three-bedroom, 64-square meter combined units. All are built to exude comfort, luxurious lifestyle and security.

And if the elegant suites are enough to catch your fancy, you will surely get bedazzled by the other features that make the San Lorenzo Place a cut above the rest.

Soaring over Makati’s plush villages such as Dasmarinas and Magallanes, San Lorenzo Place is being built to give residents the rare opportunity to enjoy life without even leaving its confines.

It has a 20-meter lap pool, wading pool, children’s water play area, jacuzzi, paved sunbathing deck, tennis court, children’s playground, changing rooms and outdoor shower area, gymnasium and outdoor fitness station. There is also a daycare center where parents can be rest-assured that their kids will be in good care.

Best of all, the four-tower condominium has its own retail haven where all the excitement that comes with shopping is laid out. Spread in a three-level podium, the shops will be brimming with fashion boutiques, a grocery shop, and a variety of dining places and cafes.

Welcoming the residents and their visitors is a classy residential lobby with high ceiling and sleek marble floor with an elegant waiting area enlivened by contemporary paintings.

Parking will never be a problem as it has a two-level podium reserved for resident-owned vehicles, and basement parking for guests of the commercial area. The towers have overhead water tank and underground cistern for ample water supply and standby power generator for selected common areas. The administration and security personnel have their respective offices.

To learn about the superior investment choices offered at San Lorenzo Place, interested parties may call 810-3333 for more information.
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