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MANDALUYONG | Light Residences [3T|40F|res]

1177553 Views 5438 Replies 449 Participants Last post by  kingofthenorth
Any suspected locations for this project by SM Development Corporation?

from Philstar online:

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.
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It could be on the same side where EDSA Byron Hotel is now. The other sides are already occupied by Empire East and RLC projects. Unless this one is not really very near the MRT station.
How about the lot along EDSA beside the Pioneer Woodlands lot, the one with the for sale sign? Is the sign still there, and how big is the lot according to that signage?
^^ That's quite possible. That's the Everready building which has been up for sale for the longest time. Or it could also be the lot adjacent to the GA Towers being occupied by eateries. In any case, the MRT boni area is becoming denser and denser.
^^wow saan kaya ito?I can't wait to know where this place would gonna be:?
di kaya sa abbot. :)
I'm sure yung mas malapit sa MRT ng Boni dahil mahilig ang SMDC to make bridgeways connecting condos to get near stations.
oooh. that area of boni is really becoming dense.
and companies are really jumping on the idea of building condos near major transportation areas.
nice nice nice. Yeah, Boni is getting denser and denser. I wish more tower should go up sa Shaw Blvd too. :D

Mezza 2? Cool. San kaya located yun?
This lot could be a candidate, what happened to this property?
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SMDC in Mandaluyong

I think this will be called ,JAZZ RESIDENCES.I'm watching for this.
It's the Hino lot and the Union Carbide lot (tama ba the one being sold by JLL right now). From Empire East border till the corner .
Light Residences
Developer: SMDC
Address: Madison St, Boni, Edsa
Combined 2hectares GSK and PhilHino Property
Just across GATower

3 towers, 40-storey each. Units will be delivered fully-furnished. Standard studio unit FA of 20sqm at PhP1.4M. A 2BR unit, NonVAT with FA of 32sqm will be available. Mass transit-based condo.

Renderings will be posted soon.

Official Launching will be November.
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looks like it's the same developer as West Residences.
is this from sm?
Is this different from Jazz Residences ?or they just changed the name?
ang daming ongoing projects ng SMDC...baka mawalan ng focus and mapabayaan na yung ibang mga projects.
Is this different from Jazz Residences ?or they just changed the name?
This is the Jazz Residences in Boni, Mandaluyong. Developer is SMDC.

Maybe, the 2 threads (Jazz and Light Residences) here in Mandaluyong forum can be merge na lang para may continuity.

Saw the render yesterday. Maganda ang facade, parang sculpture. Will post here as soon as I get hold of a copy.
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^^@ Janet wala ba tong condotel component like west residences?
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