By Jenniffer
B. Austria | Posted on Jun. 27, 2013 at 12:01am
[
manilastandardtoday.com ]
SM
Development Corp., the property unit of retail tycoon Henry Sy, said Wednesday
it plans to raise as much as P6 billion in sales from a newly-launched
condominium tower along Roxas Boulevard in Manila.
SM
Development assistant vice president and program director Jan Chavez said the
38-story structure Breeze Residences would offer 2,133 residential units.
Chavez said
SM Development would sell the units for P92,000 per square meter. This means a
typical 27-square meter, one-bedroom unit will cost P2.48 million.
The company
started pre-selling the project to core buyers late last year. The tower is
already 25 percent sold.
SM
Development hopes to sell all the units over the next three years. Construction
of the tower has started, with the turnover of units to buyers slated by the
last quarter of 2016.
Chavez said
the project was attracting several start-up families working in the Manila area
as well as migrant Filipino workers.
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