Soaring demand for premium residential units at BGC
The most prime workplace developments within the country area unit currently being made in Bonifacio global city (BGC), creating this city district the well-liked residential area of the country's prime executives and business leaders, in line with key executives of Filinvest Development corporation. (FDC).
With traffic in metro Manila still an unresolved drawback, the choice to measure a couple of minutes from wherever one works has become additional an attraction within the past few years for the high-end market, in line with executives of the company of the Filinvest group. FDC is that the developer of The Beaufort, a low-density 271-unit development that consists of 2 towers and is one in all the few BGC units currently ready for occupancy.
Completed this year, The Beaufort is one in all BGC's additional premium developments giving solely four units to a floor. Its flat units within the 2 towers located on top of a six-story banking dais were among the primary to be sold , indicating the standard of the event, aforementioned Catherine Ilagan, EVP of Filinvest Alabang, Inc., the Beaufort project developer.
Only fourteen % of the units priced from P8 million and up area unit still offered. Most of them vary from one- to three-bedroom units.
The Beaufort was FDC's response to the robust demand for prime finish units following the workplace construction boom in BGC, she explained.
In 2013, BGC accounted for near 40 % of workplace area leased; McKinley Hill was second at 20 %; and quezon city at 12 percent in third place, in line with business studies. BGC was additionally within the prime spot in previous years.
In terms of provide pre-commitments as of finish 2013, or area taken up by a tenant even before the completion of an workplace area, BGC accounted for 46 %, considerably on top of all other business districts.
Ilagan disclosed that the flat unit owners currently reside at The Beaufort. They left single-detached homes in posh metro Manila villages to be nearer to figure and freed from the hassles of travelling.
A number of alternative unit owners share similar stories. alternative unit homeowners, she said, area unit seeking to rent out the property to executives operating close, mostly foreigners.
Because The Beaufort is ready for occupancy, they give the impression of being forward to obtaining a come on their investment by forthwith dealings out the units to the highest officers of enormous companies primarily based within the area or in Makati.
"In addition to location, we tend to attribute the robust take from The Beaufort units to its exclusivity, superior technology, and nice views of each the Manila Golf and Makati skyline," noted Ilagan.
The project is representative of a replacement generation of luxury units that area unit smaller in size and make use of advanced technology to produce residents larger convenience and security. the center of the building is an integrated security and building management system designed by management Risks, that counts major international airports as clients.
The system provides time period watching, command and management, automation, info administration and report management-all from one platform.
For the resident, this suggests that access to basement parking facilities is controlled by an RFID sticker that opens the boom. Further, every resident is issued a pre-programmed card that provides him elevator access solely from his parking floor to the particular floor wherever he resides, and to the bottom floor lobby and seventh floor wherever amenities area unit found. therefore the privacy of all residents from persons with no business on their selected floors is assured.
Located in one among the quietest enclaves of BGC, The Beaufort is at the corner of 23rd Street and 5th Avenue.
While the residents' entrance is on 23rd Street, they even have quick access to 5th Avenue and every one the prominent establishments thereon main BGC thoroughfare together with major hotels and therefore the future Philippine stock exchange.