Pre Selling High Rise Condominium in Fort Bonifacio Global City (Philippines Real Estate)
Crescent Park Residences
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.. . Video: Why Buy a (BTO) Build-To-Own Condo? .. Best Buy Luxury Condominium at Fort Bonifacio Global City @ around P65,000/sq.m (compared to other projects which are P85,000 to P105,000/sq.m)  - (Fast Turnover) . Penhurst Parkplace (1st BTO Condo - Turned Over 2005) Kensington Place (2nd BTO Condo - Turned Over 2006) Grand Hamptons 1 and 2 (3rd & 4th BTO Condo - Turn Over: Feb 2008 & Nov 2008) Sapphire Residences (5th BTO Condo - Turn Over: June 2009) Blue Sapphire Residences (6th BTO Condo - Turn Over: Dec 2009) . . . The 7th BTO (Built To Own): Crescent Park Residences .. . Penhurst Parkplace Turned Over in 2005 Kensington Place Turned Over in 2006 Grand Hamptons 1 Sold Out (Dec 2007) . . . Video: Grand Hamptons Tower 1 (3rd BTO): From Ground to Finish . . . . .Other reasons why a BTO project is the way to go... .. a) Turnover in 2 Years (Why wait 4 to 5 yrs?) b) Low Density Living (each floor only has 8 units) c) Lower Monthly Dues . . Video: Why Bonifacio Global City (a.k.a "The Fort")? Video: Have you seen Bonifacio Global City Recently? .. . Grand Hamptons 2 Sold Out (Sept 2008) Sapphire Residences Sold Out (June 2009) Blue Sapphire Residences Sold Out (Dec 2009) . For more information on these pre-selling projects  please e-mail beachsidecommunity@yahoo.com and a property specialist will be happy to answer your questions. .

. . ----  . . Project Location Project Location Ground Floor 2nd Floor 3rd Floor 4th Floor 5th-24th Floor 25th-28th Floor 1-Bedroom B 1-Bedroom C 2-Bedroom A 2-Bedroom D 2-Bedroom E 2-Bedroom H 3-Bedroom A 3-Bedroom B       Unit Type Floor Area (sqm) Floor Area (sqft) Price (Phil Pesos) based on "Upgraded Finish/UF" Price (Phil Pesos) based on "Ready To Receive Finish/RRF"  1-BR 48.82 525.30 Starts at Php 3.56 M Starts at Php 3.1 M 2-BR 81.20 873.71 Starts at Php 5.87 M Starts at Php 5.1 M 3-BR 136.04 1,463.79 Starts at Php 11.35M Starts at Php 10.1 M

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. . Bonifacio High Street in Fort Bonifacio Global City Bonifacio Global City (a.k.a "The Fort") Bonifacio Global City (a.k.a "The Fort") . . . Fort Bonifacio Global City is a Master Planned City . . . Bonifacio High Street in Bonifacio Global City .

. . . For more information on these pre-selling projects  please e-mail beachsidecommunity@yahoo.com and a property specialist will be happy to answer your questions. .

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While I'm writing this blog, I'm earnestly waiting for the price list of the 7th Build-To-Own (BTO) condominium project to come out. Honestly, it's been almost two (2) months since The Blue Sapphire Residences, the 6th BTO condominium project, has been sold out, and there has been considerable interest on BTO condominium projects.

G&W Architects, Engineers and Project Development Consultants, has been in the business for more than 35 years already. They started the BTO concept in 2002 and personally, I have seen that their designs and unit lay-outs have consistently improved for every BTO condominium project that they launch.

The Penhurst Parkplace is the 1st BTO condominium project of G&W Architects. This condominium building was finished last 2004.
The Kensington Place is the 2nd BTO condominium project. This was finished last 2006.
Personally, I am happiest with The Sapphire Residences (5th BTO), and The Blue Sapphire Residences (6th BTO) which are more "glassy" compared to their past BTO designs. The design and its multi-cornered lay-out has actually raised the bar among new projects at Bonifacio Global City (BGC).

A lot of clients are quite surprised that the project is affordably priced and yet the quality of finishes are superior compared to other BGC condo developments. That's what I call "Good Value for Money."

As I've mentioned in one of my blogs, prices of new condo units/supply in the market are already within the Php 90-95k/sqm.

The 6th BTO condominium was priced starting at Php 64k/sqm (based on Model Unit Finish).

Construction of The Grand Hamptons - Tower 2, the 4th Build-To-Own (BTO) condominium project, is now on the 4th level.

This is the view from 1st Avenue. The main entrance of The Grand Hamptons - Tower 2 will be along this Street.
Here is the latest construction update of The Sapphire Residences (aka Sapphire 1), the 5th Build-To-Own (BTO) condominium project. I took this picture last August 22, 2007 at the roofdeck of Kensington Place after a heavy downpour!
This shot gives a better view of the depth of the ongoing excavation of The Sapphire Residences. Please take note that the condo building will have five (5) basement levels.

For you to further appreciate the pace of construction, I am posting here the excavation last August 2, 2007
The skyline at this portion of Crescent Park West looks like this.
The 7th BTO condominium project will be erected in front of Penhurst Parkplace.

Good news! The location of the 7th Build-To-Own (BTO) condominium project at Bonifacio Global City (BGC; aka Fort Boni) will be at the corner of 30th and 2nd Streets. Specifically, it is just at the back of Penhurst Parkplace and Kensington Place, the 1st and 2nd BTO condominium projects, respectively. The 7th BTO project is right beside the Burgos Park. The main entrance of the building will be facing 30th Street.

The total lot area is 1,998 sqm (much bigger than The Sapphire Residences' and The Blue Sapphire Residences' lot area of 1,600 sqm). The building footprint will be approximately 30% of the total lot area - therefore, expect a bigger area devoted to open spaces (greenery!) and amenities.

Turnover/Delivery date of the 7th BTOcondominium  is 3rd quarter of 2010.
The 7th BTO Tower will have similar unit sizes as The Blue Sapphire Residences :

48 sqm / 520.35 sqft - 1-BR
80 sqm / 863.06 sqft - 2-BR
129 sqm/ 1,388.90 sqft - 3-BR

Prices for the condo units will start at:

1-BR - Php 3.2M
2-BR - Php 5.3M
3-BR - Php 9.6M
The location of the 7th Build-To-Own (BTO) condominium project will be at the corner of 30th and 2nd Streets. Specifically, it is just at the back of Penhurst Parkplace and Kensington Place (Note: 7th BTO lot - blue shaded portion in the map below).
Did you know that Build-To-Own (BTO) projects have the earliest turnover dates among projects in Bonifacio Global City and in Metro Manila, in general? BTO condominium projects are turned over to unit owners in twenty four (24) months or even less, i.e., from groundbreaking date, as compared to 36-48 months for other condo projects. I'm talking here about buildings 21-28 storeys high.

Some BTO projects which were finished and turned over to unit owners:

Penhurst Parkplace, 21 storeys - less than 24 mos
Kensington Place - 21 storeys - less than 24 mos
The Grand Hamptons - Tower 1 - 21 storeys- to be turned over on December 2007 (24 months); but might be even earlier!
The Grand Hamptons - Tower 2 - 21 storeys - ongoing construction; targetted turnover date is December 2008 (also 24 months!).

If you're an end-user or an investor, you can easily benefit with the fast turnover date of these BTO condominium projects. This means you can use your condo right away or you can earn rental income from it.
Did you know that the smallest condo unit allowed by the Fort Bonifacio Development Corporation (FBDC) within the Bonifacio Global City (BGC) is 36 sqm or 387 sqft? FBDC is strict in implementing this guideline which in the long run benefits the BGC condo unit owner.

You will notice that there is a proliferation of compact condo units in some condominium projects OUTSIDE the BGC area with floor areas as small as 18 sqm (194 sqft) or 22 sqm (237 sqft) for a studio unit. If you're an end-user, the direct implications are the following:
a) High density of the condominium building - means lesser privacy for the condo unit dweller
b) Higher foot traffic within the condo building
c) Longer waiting times for the use of the elevator
d) More people will be using the common areas including the amenities = higher wear and tear of the common areas (ie, swimming pool, common hallways, lobby etc.).
After the successful subscription of the 6th Build-To-Own (BTO) condominium project which is The Blue Sapphire Residences, I was informed that the 7th BTO condominium will be launched this mid-August. At the moment, I have a list of clients who are eagerly waiting for this project.

I'm happy with the designs and lay-outs of previous BTO condominium projects like The Grand Hamptons Towers 1 & 2, The Sapphire Residences and The Blue Sapphire Residences... So I'm quite curious how the 7th BTO will look like!