Alveo’s most expensive condo rises in Makati CBD
By Cathy Rose A. Garcia, Associate Editor
IMAGINE living in the heart of Makati central business district and seeing a lush green park from your living room window every day. This may seem like a dream, but not for residents of Parkford Suites Legazpi.
Alveo Land, Corp. recently launched the 35-story residential condominium, located across the Legazpi Active Park and Washington Sycip Park in Legazpi Village.
Alveo Chief Operating Officer Rufino S. Gutierrez said Parkford Suites Legazpi offers a “rare parkside living experience” within a central business district.
“The location is very prime… (But) really what attracts our buyers here is the park, the proximity to the beautiful parks,” he said during a briefing at the Alveo office in Bonifacio Global City on Oct. 25.
The high-rise condo, sits on a 2,156 square meter (sq.m.) lot, is just 500 meters from the Asian Institute of Management, 600 meters from Greenbelt, and one kilometer’s walk to the Ayala Museum.
“In terms of privacy and exclusivity, it only has 163 units and within your floor, there are only seven units… We only offer bigger units,” Mr. Gutierrez said.
Targeting the upscale market, Parkford Suites Legazpi offers two-bedroom units sized from 125 sq.m. to 142 sq.m., and three-bedroom units sized from 180 sq.m. to 181 sq.m.
All the three-bedroom units will have park-facing balconies from the living room. The penthouse floor only has three units, all of which will have views of the two parks.
“This is the most expensive condo for Alveo at P370,000 per sq.m. or an average of P55 million per unit. A two-bedroom is P46 million, a three-bedroom is P66 million… The penthouse units are P80 million each,” Mr. Gutierrez said.
The most expensive unit at Parkford Suites Legazpi is a bi-level three-bedroom unit (320 sq.m.) on the 12th floor, which has a P140-million price tag and was one of the first units that was sold.
“Within the units, windows are floor to ceiling… Imagine the panoramic views from your unit. If you have the three-bedroom unit, the balcony railing is glass,” Mr. Gutierrez said.
All unit have ensuite bathrooms for all bedrooms, a walk-in closet for the master’s bedroom, double-sink master’s bathroom, and a powder room for guests. The building has 100% back-up power in case of emergency.
Amenities, such as the lap pool, wading pool, function rooms, play area and gym, are located on the 12th floor.
So far, demand for Parkford Suites Legazpi has been strong.
“Total sales value of the building is P9 billion, and we sold P2 billion already,” Mr. Gutierrez said.
Turnover of units is estimated by 2026.
