JULY 28, 2015
Ayala Land Premier (ALP), the luxury brand of developer Ayala Land Inc., on Tuesday said it expects to sell the entire 49-story West Gallery Place in Bonifacio Global City in Taguig within two years, as demand for this type of development is still high.
Jose Juan Jugo, ALP managing director, said that, despite the price increase, demand is still very strong for West Gallery units, mostly from |local buyers.
“ALP is renowned for notable products, such as the Roxas Triangle Towers on Cruzada Street, Makati City, and The Suites in One Bonifacio High Street. We bring that same quality and distinction to these properties in High Street South,” Jugo said.
For the West Gallery, the company is trying to sell a total of P11.5 billion for the entire tower. It is a sibling of East Gallery Place, which is now 84-percent sold, translating to about P9.3 billion in sales.
West Gallery, which has units priced at P13 million and above, is expected to perform just as well, Jugo said, adding that some 48 units have been sold in just the past month, valued at P1.6 billion.
On the average, the development is being priced at P234,000 per square meter.
The tower, near the High Street South block in the former military camp in Taguig, features 420 units, with sizes ranging from 52 square meters for a classic one-bedroom unit to the 701-sq-m units called Villas, which will have a private elevator.
The Skyrise 49, a special unit on the top most floor, is an 832-sq-m unit with 4-meter-high ceilings in the |living and dining areas, a pool and an outdoor deck. It will cost about P234 million.
Aside from its prime location, the West Gallery Place is surrounded by greenery on three sides. Gallery Park is on its southern and eastern sections, with an unobstructed view of Terra 28th to be enjoyed from the western side.
The Gallery Park separates the East and West residential towers.
West Gallery boasts of eight residential formats: Classic units in the South Wing, four-level and two-level villas, the Skyrise, Skycove units, Park View units, Courtyard and three-bedroom corner and two-bedroom flats.
Article SOURCE: http://www.businessmirror.com.ph/ayala-land-premier-west-gallery-place-sold-out-in-2-years/