Single Story For Sale in Don Bosco
Price reduced to P6.9 Million or $149,000.00 from P7.3 Milion or P158,700.00 ($9,700.00 savings).
Enjoy a breath taking panoramic view of Manila Bay at 40th floor!
• 70 sq. m., 1 bath, 3 bdrm single story
Don Bosco, Pasong Tamo
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Units 4022 & 4023 are combined condominium units of Roces Tower, Beacon, Makati City.
It has 70 sq.m. of floor area and is located at the 40th floor facing the east. It has a spectacular view of the Manila Bay and its famous sunset.
This residential resort condominium project is located at corner Chino Roces and Arnaiz Sts. beside Makati' Central Business District's Legaspi Village. Right across Roces Avenue is Don Bosco Primary and Secondary School. Across the corner is Walter Mart, the biggest supermarket in the area.
Just 5 minutes drive away is Greenbelt and Glorietta shopping centers and also via skyway it is only 10 minutes away from Manila International Airport.
It is very conveniently located, and one
reserved parking space is included
The unit will be ready for occupancy by June 2011.
Construction update on Roces Tower as of May 31, 2010:
1. Precast installation is done up to the 40th floor;
2. Masonry works is now being done on the 25th floor;
3. Skim coating is being applied from the 14th to the 22nd floors.
Property information
Owner's comments follows:
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I am the owner of
this condo. I just wanted to add my comments about it, giving you all of the
information that I have on it that I think you might be interested in, or might
want to know. I have been to The Beacon's construction site several times personally
to check on the progress of it, and it is going great. The first time I saw the
site there was nothing there but a hole in the ground. It sure has come a long
way since then.
First though, a
bit of personal history to explain my reason for selling. I had originally
planned to retire to The Philippines five or six years from now, ten years from
now at the latest, and I had planned to live in Makati. Makati of course is the
financial centre and high end district of Manila. So, I bought the condo about two
and a half years ago. My plan was to rent it out until I was ready to move
there myself, as this condo would have positive cash flow. It would pay for
itself over time from the rental income, given that Makati is the high rent
district in Manila. I would guess that maybe a diplomat or some other foreign
government or corporate entity or personnel would be the type of client that
would rent such a condo, usually on a minimum one year lease. So that was my
plan. Since then, my son James was born in Davao City in Mindanao last January
31st so my plans have had to change, and I now will move to Mindanao instead of
Manila. I have been single without children all my life and I really expected
to remain that way for the rest of my days. It just didn't work out that way
and I could not be more thrilled about it. Since the birth of my son five
months ago, I bought a beautiful beach lot in Mati in Mindanao and I will build
my house on that lot. I have been working with an architect there on the layout
of the house, and we are just about ready to begin construction on it. I just
need to recoup my money out of the Makati condo in order to build it. So, I
want to sell the condo now, get the house built and get moved to the southern
part of the country to live with and raise my son as quickly as possible. I
hope by the end of this year. I am what you would call a motivated seller.
I bought this
condo as a pre sell, meaning that I bought the condo before construction had
even begun, about two and a half years ago. That is a bit of a risk as the
danger is that the building will not get built and there is no refund paid if
that happens. The risk is offset by the reward, which of course is the profit
margin. The value of a condo when it is completed and ready to move into is always
more than the pre sell price offered before construction begins. During the
time it takes to build it, the value starts to rise. In most cases, the value
will at least double by the time they are finished. The risky period is over
now, as the building is totally up and completed, and they are just working on
the interiors. It will be ready to move into less than a year from now, not
long at all. I have the option of course of just holding onto it for another
year and reaping the big profit, but I really don't want to wait that long to
be with my son. As it is, I am probably going to miss most of the first year of
his life, and that's enough. A boy needs his father!
I looked at an
awful lot of condo projects in many neighborhoods in Manila before deciding to
buy this one. I want to highlight the reasons I chose this one over all the
others, as those reasons may be what motivates you to buy as well, once you
know about them. First and foremost was that beautiful view of Manila Bay. From
40 floors up, that view will be nothing less than SPECTACULAR. It might
interest you to know that I did my homework before buying, and travelled the
land between The Beacon site and Manila Bay. The distance is not that far, and
there is no place that is big enough or solid enough to place another high rise
between The Beacon and Manila Bay. Had there even been the remotest chance of
that happening, I would not have bought it in the first place. Neither of the
other two buildings that will go up on this site and complete The Beacon
project will have the unobstructed view of Manila Bay. The third building on
the site will have one side of the building facing the Bay, but that view will
be obstructed by the other two buildings. The Manila Bay view in this unit will
be seen along the entire length of the great room or living room/dining room
combo wall, and also from one of the three bedrooms. The side view from the
windows in two of the bedrooms will feature the Makati Skyline which is also a
nice view, and you will also be able to see a bit of the bay from those
windows. There are now no more units available direct from the builder that
feature the Manila Bay view. They are all sold out and even if there were some
still available, they would be priced higher than this one is. They price their
units at current market value. This one is less that that.
Second was
location, location, location. The location of this building is terrific. It is
situated in the heart of Makati, and is only about 2 km from Glorietta Mall. It
is also only about 2km from Manila Bay. It kind of sits right in the middle
between those two key spots. There are shopping, dining and entertainment
venues located within walking distance of the front doors. An absolutely
terrific location, right where you want to be.
Then I looked at
the featured amenities in this building. I was so impressed by those. There is
the standard and typical pool and walkways that most other high end luxury
buildings have, but the added amenities that swayed me were the Roofdeck and
Skylounge on top of the building, and the private movie theatre. You would be
able to reserve the private movie theatre in advance, invite your guests for
your movie night, and show a movie or a business presentation or a great music
concert or whatever you want, on DVD. That's pretty cool when you think about
it. Pretty impressive. As well, there are the gardens, the jogging paths, the
workout gym, the playground facilities for kids, the kiddie pool and the
toddler's pool, the emergency medical clinic, the spa, concierge service, and
more. All of these are impressive and overall there are more and better
amenities included in this building than in the others I looked at, but for me
it was the private movie theatre and the Rooftop Skylounge that really struck me
as being top notch, first class features.
Last, but
certainly not the least of my considerations, was the price. In New York or
Hong Kong or London or Vancouver or Seattle, a unit like this one with this
kind of view would be priced in the millions of DOLLARS. Condo's with ocean
views are in high demand the world over, and it is no different in Manila. That
bodes well for the future value of this unit as there will always be a demand
for a condo with an ocean view. For what you are going to get for your hard
earned money, I think it is going to be extremely difficult to find a better
condo value in all of Manila. I would encourage you to shop around. Have a look
at all the other listings that feature the things you want in a condo. Ask Ody
all the questions that you might have. Gather all the information that is
important to you. Then come on back and have a look at this one again. I do not
think you will find a better condo for the money anywhere. This one has
everything you might want in a great investment. It is a good size at close to
70 sq meters, it has the view of Manila Bay, it has the three bedrooms, it has
the great amenities, it also includes one parking spot, and it is on a high
floor. This building has four of what they call The Penthouse Floors, the top
four floors. The units on those floors were sold out a long time ago and were
REALLY expensive. This unit is the on the very next floor below the penthouse
floors. You might even be excused if you were to tell your friends and family
that the top five floors are the penthouse floors, and you have a penthouse.
Heh heh heh. All of these things bode well for a future return on your
investment, whether it be from monthly rental income, or from flipping it when
the time is right for you or from the appreciation in value that will happen
naturally as you enjoy living in it over the years.
Given that you are
already looking on these pages, you probably already know that Asia is the
place to invest these days. The Philippines was one of only a few nations to
show economic growth last year, all of which are in Asia. CAFTA (the China
Asean Free Trade Agreement) went into effect last January first, and The
Phillipines is an ASEAN member nation. So the future looks very bright indeed
for The Philippines, and now is the time to get your stake in it. It might
interest you to know that the estimates that I have received from GEO Estates
(the builder) are that this condo will be worth in the neighborhood of 10 to 12
million pesos once it is completed and ready to move into. Maybe more. A pretty
good return in less than a year if you are thinking of buying it now and
flipping it once it is done. You might also be interested in knowing that the
current fair market value of this condo is 8 million and 16 thousand pesos.
None of the current or future market value numbers that I have mentioned are my
taken from my imagination or my dreams. They are all documented and confirmed
by knowledgeable and professional third parties. Ask Ody for further
information on the numbers. Given my motivations and my future plans, I am able
to offer this unit at a pre sell price for an almost completed building that is
not very far from being ready to occupy. So do your comparative shopping, check
out whatever you want to check out and I am confident that you will see what a
great deal this one is. Seize the moment!
Good luck!
Larry Vantreen