Oriental Garden Mkti nears completion

Federal Land Inc. (FedLand), the property arm of the Metrobank group, is close to completing its twin-tower executive residential condominium, the Oriental Garden Makati, just in time for the nascent recovery of property values in the country’s premier central business district.

The Lotus Tower of Oriental Garden, which is already 85 percent complete, will be finished by August this year or two months ahead of the original completion target (October 2005). FedLand has sold half of Lotus Tower’s 378 units which are at pace with the robust sales of its twin, the 390-unit Orchid Tower.

The Orchid Tower, which is already 95 percent sold-out, has turned over 300 units or 77 percent of the building to buyers last July last year.

These residents are now enjoying the plush amenities which include a 15-meter lapping pool and children’s wading pool, an aerobics and fitness gym, children’s moongate playground, multi-purpose function room with outdoor al fresco garden, meditation nooks with koi pond and Thai-inspired gazebos.

The lobby of both the Orchid and Lotus Tower are fully operational with three hi-speed elevators per tower and grand reception lobbies. With dual access from both Don Chino and Export Avenues, residents enjoy full security 24 hours a day. "We are delighted to see that the residents are enjoying the pool and other amenities because this is really Federal Land’s intention for them to get the best value on their investment. At the moment, Oriental Garden still enjoys being one of the best deals in the market in terms of building specifications, price per square meter and immediate availability," said Federal Land president Alfred Ty.

Oriental Garden’s completion in just under three years from groundbreaking is consistent with FedLand’s track record of erecting high-rise buildings and delivering these units within or oftentimes, ahead of schedule. "We take pride in delivering our quality projects on time to maintain our clients’ trust in our over 30 years of operation," said Ty.

The completion of the Oriental Garden twin towers gives buyers a unique opportunity to ride on the property rebound in Makati while property values and interest rates are still low. For the first time in nearly a decade, real estate prices have started to inch up after bottoming out last year, vacancy rate has eased down, and rent has gone up slightly. Industry observers expect Makati to lead the recovery in the residential segment of the market with rising demand for luxury units.

Buyers have a choice of studio, one-bedroom units and penthouse suites with attractive payment terms for as low as P14,000 per month is available. These units include one parking slot and provisions for cable TV, washer/dryer hook-ups, stand-by generator and telephone lines.

Oriental Garden stands out among high-rise buildings in Makati, with its lush garden setting in its facade, has two lobby entrances, three high-speed elevators per tower, secured dual entrances from both Chino Roces and Export Avenues, and a convenience market, coffeeshop, Metrobank with ATM access, internet gaming and computer supply store now open at the ground floor.

Aside from its strategic location in Makati City, Oriental Garden’s offers buyers a wide choice of views through its floor-to-ceiling windows – Makati’s city lights, Parañaque’s wide open fields or the breathtaking Manila Bay sunset.