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Old April 7th, 2018, 01:03 PM   #461
tarlacquenoako
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The lot next to Air is the Makati Fire and the Post Office. Is there a chance, these buildings will be sold and moved to a different location and another condo/mixed-use tower will be built here? Can the Fire Station lot accomodate another high rise in such a small space?
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Old April 21st, 2018, 05:21 AM   #462
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Quote:
Originally Posted by Xytox View Post
Thank you for the replies. I will not own a vehicle but perhaps taxis and public transportation are readily available. Really hoping that the retail area will cater to the residents as far as convenience goes. If anyone has updated pictures, I appreciate it. Did not realize that Glorietta was 30 minutes away. Is the area prone to flooding, and if so, will this be addressed by the developers? Also noticed that it is near a canal area based on Google Maps.
creek and park
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Old April 21st, 2018, 09:45 AM   #463
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creek and park

Passed by this a month ago. The creek had an unpleasant smell, good thing it was not pungent.

Sana pati ito umayos ayos pag natapos na ung 2 developments sa area.
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Old April 22nd, 2018, 09:33 PM   #464
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Air is taller than Rise as seen from Quezon Bridge in Quiapo, Manila...

My photo.

22 April 2018
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Old April 24th, 2018, 03:39 AM   #465
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Old May 23rd, 2018, 08:31 PM   #466
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1 bedroom 26sqm price now at 7.1M!
Obvious na hindi na local market ang target nila.

Hay SMDC...
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Old May 23rd, 2018, 09:04 PM   #467
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Quote:
Originally Posted by Tarahuma View Post
1 bedroom 26sqm price now at 7.1M!
Obvious na hindi na local market ang target nila.

Hay SMDC...
parang mahal yata masyado para sa 26sqm...
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Old May 24th, 2018, 04:38 AM   #468
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2 yrs ago you can get 2BR (50 to 60 sqm) for 5-6M in pang "middle class" projects, now 7M is just for 1BR.

Still peanuts for foreigners esp the chinese investors but we'll see how inventories move for project launches in the coming months lalo na sa 60% allocation for Filipino buyers.

In Pasay smdc projects, they give 10% discount to Filipino buyers.
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Old May 24th, 2018, 12:08 PM   #469
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7.1 million cant be the market rate when the Rise is going for 5.2 million (all inn) right now and second hand units going for 4.5 million when both are located right next to each other.
Dont take me wrong, I hope the price justifies it and I am very excited for this premium project of SMDC and if it is that big of a price difference then I really hope this project lives up to its expectations and perform far better than the Rise.
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Last edited by pattupilot; May 24th, 2018 at 06:55 PM.
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Old May 24th, 2018, 05:37 PM   #470
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It's not. Its just that developers love to over inflate prices to impress investors.
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Old May 24th, 2018, 06:51 PM   #471
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When the 40% foreign ownership is filled, you will start seeing promo/discount to pinoys.
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Old May 24th, 2018, 06:55 PM   #472
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Quote:
Originally Posted by Tarahuma View Post
1 bedroom 26sqm price now at 7.1M!
Obvious na hindi na local market ang target nila.

Hay SMDC...


Chinese brokers are pushing out bulk deals at 30%-35% off list price. My friend was approached in Jan 2017 to buy last 79 units in Air for ~120k/sqm compared to its ~170k/sqm list price. The Chinese broker gave my friend an aggressive idea then: put 1.58m in reservation fee, and then she will try to offload them at 130k-140k/sqm then. On paper, he could earn a nice profits on that 1.58m. He declined because he can see the broker will be the main beneficiary (by earning 5% from his purchase and another 5% from his sales!!!) while he shoulder most of the risks.

In end 2017, I saw a Chinese brokerage sending out all cash price lists for Jazz at ~160k/sqm, compared to list price of ~240k/sqm list price then.

There are already stories of Chinese buyers unable to get bank financing (due to lack of ITR) for their SMDC units’ turnover balance, and these are units bought years ago at much lower prices than now.
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Old May 24th, 2018, 06:56 PM   #473
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Only time will tell when both projects are finished and we see the end result.
SMDC might be outstanding with their quality and service that is why the price is more expensive.
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Old May 24th, 2018, 06:58 PM   #474
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Quote:
Originally Posted by azumiii View Post
It's not. Its just that developers love to over inflate prices to impress investors.
Only time will tell . SMDC AIR might be outstanding with their quality and service. We will only get to see this once both projects are completed. Who knows, maybe paying little-bit extra won't be too bad after all.
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Old May 24th, 2018, 08:33 PM   #475
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But its not just SMDC whos doing it and they are not the first one.
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Old May 25th, 2018, 02:25 AM   #476
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Quote:
Originally Posted by pattupilot View Post
7.1 million cant be the market rate when the Rise is going for 5.2 million (all inn) right now and second hand units going for 4.5 million when both are located right next to each other.
Dont take me wrong, I hope the price justifies it and I am very excited for this premium project of SMDC and if it is that big of a price difference then I really hope this project lives up to its expectations and perform far better than the Rise.


With 12 lifts (Air) vs 18 lifts (Rise) serving even more units, you can already surmise a potential problem. Then you can continue to list more disparities between the two projects.

Don’t get me wrong either, i’ve invested in both developments (just a small 26sqm 1 bedroom from each) so seeing either one fail in arch design and function, post-construction service, building management, etc is the very last thing I would want to happen.

Bottom line, I just think SMDC is inflating their price for “other” purposes.
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Old May 25th, 2018, 09:52 AM   #477
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Quote:
Originally Posted by Tarahuma View Post
With 12 lifts (Air) vs 18 lifts (Rise) serving even more units, you can already surmise a potential problem. Then you can continue to list more disparities between the two projects.

Don’t get me wrong either, i’ve invested in both developments (just a small 26sqm 1 bedroom from each) so seeing either one fail in arch design and function, post-construction service, building management, etc is the very last thing I would want to happen.

Bottom line, I just think SMDC is inflating their price for “other” purposes.


Care to elaborate on your thoughts on what “other purposes” could constitute?

On a side note, won’t you find it tedious to have one unit in many developments spread across NCR?
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Old May 25th, 2018, 02:57 PM   #478
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Both developers are hugely experienced. I hope good for them both. They know what they are doing. I have also invested in units there. I am happy to see the prices increase for them both. I'd be more worried if there was a small or new developer.
Maybe size of elevators matter? Or where they are located? Different strategies perhaps? I really don't know the answers, but I just hope for the best when both are completed.



Quote:
Originally Posted by Tarahuma View Post
With 12 lifts (Air) vs 18 lifts (Rise) serving even more units, you can already surmise a potential problem. Then you can continue to list more disparities between the two projects.

Don’t get me wrong either, i’ve invested in both developments (just a small 26sqm 1 bedroom from each) so seeing either one fail in arch design and function, post-construction service, building management, etc is the very last thing I would want to happen.

Bottom line, I just think SMDC is inflating their price for “other” purposes.
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Old May 27th, 2018, 09:55 AM   #479
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Today

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Old May 28th, 2018, 01:51 AM   #480
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So are we experiencing the same problem that Sydney experienced recently? where the prices of apartments shoot up due to insane Chinese demand. it pushed young local dwellers out of the city. I think this prompted New Zealand to pass a law limiting foreign ownership of properties, or something to that effect.
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