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Real Estate News Roundup (March 12 to 18, 2019)
Get up to speed on the most recent real estate and property news!
By: Yoorekka Team | March 12, 2019
Park Residences near SM City Santa Rosa in Laguna is prepping to be an oasis in the south.
Image: SMDC Park Residences Website
In this week’s real estate property news, SMDC announces its new state-of-the-art development, the SMDC Park Residences in Sta Rosa Laguna. Meanwhile, Vista Lands’ Camella Condo Homes (COHO) project was launched in 25 locations in the country in celebration of the decades of Vista Land providing comfortable and affordable community living. In other news, MTD Philippines who won the bid to build the National Government Administrative Center (NGAC) had a successful topping off ceremony for the government employees’ housing project, The Residences, in Capas, Tarlac.
Project Announcement: SMDC’s new go-to property development in Laguna
In today’s growing number of real estate developments in the country, SMDC is inspired to do more projects to provide a tranquil yet accessible lifestyle to their clients. They are now developing SMDC Park Residences, which will rise in a five-hectare land beside SM City Santa Rosa in Laguna.
This development will feature 14 buildings inside the mall complex, with each building having five stories each. Future residents can choose from a studio, one-bedroom, or two-bedroom set-up. The minimum floor area is 28.52 square meters and units cost an average of P2.7 million [1].
With the residents’ wellness and social aspect in mind, this master-planned community has park-themed amenities, as well as a spacious garden that will allow tenants to enjoy the fresh air. While the property is inside the mall complex, future homeowners will have easy access to public transportation, business hubs, entertainment venues, restaurants, grocery shops, and other service stations.
Vista Land launched its first batch of Camella Condo Homes
The first batch of Camella Condo Homes (COHO) worth 20 billion pesos was launched across 25 locations around the country by one of the country’s leading property developers, Vista Land & Lifescapes, Inc. [2].
Camella Condo Homes are mid-rise residential condominium buildings that range from 5 to 15 stories. They are located in highly urbanized cities and aim to provide their future residents with the most comfortable lifestyle possible. These high-quality and affordable units are set to cater to young professionals and starting families.
Vista Land Chairman Manuel Villar said that since Camella has been providing quality and affordable homes to Filipinos for decades now and they aim to expand their market across the Philippines through COHO.
Related News: Government to house their employees in New Clark City
In January 2018, MTD Capital Berhad of Malaysia won the bid to build the National Government Administrative Center (NGAC) at New Clark City (NCC) in Capas, Tarlac. This year, MTD Capital Berhad of Malaysia has performed their topping off ceremony for their housing project, “The Residences” [3]. First occupants will be around 1,000 government employees.
According to MTD President, Mr. Patrick Nicholas David, The Residences is part of President Duterte’s vision to decentralize state offices in Metro Manila to solve the congestion problem in the metro. The housing project will feature 525 units with a combination of one-, two-, and three-bedroom units. The Residences is expected to be completed by August 31, 2019 [4].
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References:
[1] https://bit.ly/2zX41xU
[2] https://bit.ly/2H5P0z1
[3] https://bit.ly/2J1lmg8
[4] https://bit.ly/2EV2YSc
About Yoorekka Team
Yoorekka’s team is composed of talented writers from all over the Philippines with varied interests, from creative writing to environmental advocacy. There is one thing that they share, though: they’re all passionate about producing articles that are not only interesting to read but also useful for anyone reading!
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