PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

Eton eyes strong sales in Centris

Published : Wednesday, December 07, 2011 00:00 [ ]
Written by : Krista Angela M. Montealegre

ETON Properties Philippines Inc. expects robust sales from its first residential development in its 12-hectare township project in Quezon City.

In a statement, the property company of tycoon Lucio Tan said the twin-tower One Centris Place will cater to middle-income families and overseas Filipino workers, as well as complement its office developments for business process outsourcing firms.

“This will be very ideal because we are expanding our BPO in Eton Centris. There is also clamor for housing for BPO employees,” said Danilo Ignacio, Eton president and chief operating officer.

Situated at the heart of the gateway to the Triangle Park Central Business District, One Centris Place will offer more than 1,300 units, including 712 units for the 30-story second tower.

The 26-story first tower will have a total of 597 units, featuring 23-square-meter one-bedroom units at P2.1 million and two-bedroom units with a size of 39 to 45 square meters for P4 million. Amortization starts at P12,000 a month.

Construction of the first tower will commence in January 2013 and the units will be delivered by December 2015.

Since pre-selling started last month, initial sales were “much more than expected,” said Ignacio.
The better-than-expected sales were buoyed by the vibrant Eton Centris mixed-use complex, which is home to lifestyle destination Centris Walk and special events venue Elements.

Buoyed by strong demand, Eton is expanding the 1,000 square-meter Elements, building two more function rooms that can cater to 50 and 150 people. It accommodates up to 800 persons for various social and private functions.

The special events venue has been fully booked for December.

A walkway will connect the condominium to Centris Station, a two-level transit-oriented commercial center that is directly linked to the Metro Rail Transit station.

Early this year, the property developer launched Ascent, a luxury residential development in Eton Centris. The company deferred the project so it could focus on its office developments, Ignacio said.

Eton has fully leased out its first two BPO buildings in Eton Centris. Construction plans for the third and fourth office buildings are underway and are slated for turnover by end of 2012.

real estate central philippines
Copyright ©2008-2018