Philrealty, Greenhills Properties Sign in P5-B Project in Bonifacio Global City

During a press conference held at Edsa Shangri-la Hotel last Wednesday, Philippine Realty and Holdings Corp. (Philrealty) and Greenhills Properties Inc. (GPI) has signed a Memorandum of Agreement (MOA) that secures their partnership in developing a prime property in Bonifacio Global City (BGC).

As stated in the agreement, Philrealty will develop the masterplan of GPI’s 6,400-square meter property located near the future site of the Philippine Stock Exchange (PSE) at the center of BGC. The property consists of four 1,600-square meter lots comprising an entire block that connects the 5th, 6th, 25th and 24th Streets in the BGC South district. Philrealty and GPI envision this project to become a prime mixed-use development that will feature retail, residential, office, serviced apartments, and a hotel.

Philrealty President, Amador Bacani, explains, “This project will show Philrealty’s renewed capability as a property developer known for building landmarks. The location is strategic and the timing is perfect for Philrealty to put its mark on BGC.”

Also, Gerardo Lanuza, Jr., Chairman of GPI, adds, “We look forward to this value-enhancing project and share in Philrealty’s vision of building a new landmark in BGC.”

Having developed upscale projects in the past, the company officials said that the BGC project will be added to the growing number of projects of Philrealty. They will be launching a second tower called Skybreeze at its Andrea North condominium development in New Manila, Quezon City. The company expects sales of nearly Php 3.0 billion from the 31-storey Skybreeze Tower, which will offer 280 units with cuts that are larger than those offered within the vicinity. The Skybreeze condominium will offer 1BR units at a minimum of 50 square meters each up to 3BR units at 180 square meters each. This will be the second of five planned towers in the Andrea North condominium complex.

Personally, I like living in a condo because it's extremely convenient. In choosing where to live, we swiftly decided on a high-rise property that is just a stone's throw away from popular malls and establishments. Condo living is all about convenience and it's also a good future investment. The only problem is my proximity to so many good restaurants and malls which isn't good for my pocket. :)

Group picture with fellow bloggers after the press conference. :) 
Now, here's a wacky pose. :) Photo credit: Bam Amor
How about you? Where do you think you'll be living five years from now? Do you see yourself living in a condo and become one of the high-rise condo-dwelling urbanites? That said, check out Philrealty's new projects and get a fresh start with condo living. :)