MANILA, Philippines - Century
Properties Group is debuting in the residential property market in Quezon City
through a P4.1-billion mid-rise project that will be the first of its kind in
Metro Manila’s largest city.
The eight-tower project called The
Residences at Commonwealth by Century, also marks the company’s first foray
into the affordable residential market to take advantage of the increasing
availability of funds for housing acquisition as well as a low interest rate
environment.
“For the first time ever, Century Properties
is bringing its vaunted heritage of upscale visionary real estate development
to the Commonwealth, Quezon City area. It will be surpassing the usual
standards set for residential projects within this category by introducing pioneering
amenities and concepts that will far exceed what the market has been accustomed
to. Century will introduce the “uncommon” to redefine the standards for
residential living in Quezon City, “ said Marco R. Antonio, managing director
and co-chief operating officer of Century Properties.
Situated on a 4.4-hectare property
along Commonwealth Avenue right beside Don Antonio Heights, the project is
targeting local and overseas homebuyers, especially young professionals and
startup families with a budget range of P1.5 to P3 million. It will offer
distinctive amenities that encourage outdoor social interaction, a
master-planned community with open spaces, greenery and waterscapes; and round
the clock safety and security systems for the peace of mind of all residents.
Designed by the award-winning firm
Broadway Malyan with Century’s in-house architecture team, the eight
residential towers named after the prominent personalities of the Commonwealth
period, will house a total of 2,300 units.
The first building, Osmena West, will
have 11 storys, offering a total of 200 units slated for completion by 2015.
Succeeding buildings such as the
Quezon, Roxas, Osmena and Quirino towers wil rise to as high as 22 storys.
Units come in suites and one-bedroom
configurations that range from 21 to 49 square meters with an average price of
P80,000 per square meter. Larger-cut 2-bedroom units from 64 to 72 square
meters worth P5 million and up are also available.
Reservation fee for a unit, which
comes with an exended balcony, is P15,000 and monthly amortization is offered
for as low as P8,000.
“By entering the affordable price
category we would like to tell home buyers that there is a Century home for
each budget and preference for location within Metro Manila,” Antonio said.
Commonwealth by Century will have The
Orchard, a multi-level clubhouse designed with very distinct amenities: a day
care center for toddlers, kindergarten for kids, study and library, advanced
learning center, arts and crafts studio, dance studio, cooking studio and
kitchen, school of rock (rock n’ roll center) and a screening room.
The project will also have a complete
gym and fitness center with salon and spa, yoga deck, multi-purpose hall for
functions and chapel service, a terrace and a roof deck.
“We believe that Quezon City is ready to
receive a new breed of residents who will truly appreciate the great value of
the Commonwealth by Century home. The location is very accessible, being
situated in one of the few cities in the metropolis that is less congested.
Furthermore, the lifestyle experience will be exceptional because of the modern
amenities, making it an ideal place to start a business, raise a family, or
enjoy your retirement,” Antonio said.
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