MANILA, Philippines - Shang Properties elevates the condo experience to a luxurious, everyday indulgence through its two key residential developments, One Shangri-La Place located in Ortigas Center and Shang Salcedo Place in the Makati Central Business District.
With the scarcity of space in busy urban areas, and with the corresponding rising prices of land and houses following suit, ideal locations for homes have moved further away from city centers, bringing about a longer commute to work or school, even to lifestyle and leisure destinations. The current real estate landscape has led Filipinos to be more open to the idea of condo living for its many advantages.
“We’ve noticed that buying condos have now become the norm, with parents buying units for their children,” says Susan Yu, sales director of One Shangri-La Place and Shang Salcedo Place, two luxury residential spaces of premier property developer Shang Properties.
“We have many buyers that are parents, and even grandparents. They usually buy for children who are studying or getting married,” she reveals. “Normally, they have it rented out first, so it generates income. Then when their kids have graduated or gotten married, they turn the unit over to them and let them decide if they want to live there, continue renting it out, or sell it.”
A collaboration between Hong Kong-based design team Palmer and Turner together with one of the Philippines’ top architectural shops, Casas + Architects, and noted Hong Kong interior designer Norman Chan of BTR, One Shangri-La Place boasts clean and modern lines, luxe interiors, and exquisite finishes in 152,000 sqm of superior real estate. Five-star hotel living can be had in this high-end yet homey high rise, what with amenities like a clubhouse, swimming pool, ballroom, multiple lounge areas, mini theater, gym, spa facilities, basketball halfcourt, and various recreation rooms.
Situated atop six floors of upscale shopping and dining destinations of Shangri-La Plaza Mall’s spanking new East Wing, One Shangri-La Place is within the vicinity of schools, churches, business centers, and commercial establishments in the Mandaluyong and Ortigas areas. Its nearest neighbors, the swank Edsa Shangri-La Hotel and the 60-story residential tower St. Francis Shangri-La Place, are a leisurely stroll away.
Standing prominently on the corner of bustling Buendia Avenue and HV de la Costa Street, Shang Salcedo Place elevates the quality of the Salcedo lifestyle like never before via a luxury experience that residents can indulge in every day, undoubtedly creating a comfortable and convenient community for the high-flying and accomplished.
The 67-storey development’s world-class design is by Hong Kong-based architects Wong and Tung International Limited. EMESAE’s Manny Samson, a constant collaborator with Shang Properties, achieved unmistakable elegance and warmth in the building’s breath-taking interiors. Like One Shangri-La Place, Shang Salcedo Place pampers homeowners with a lounge, ballroom, function rooms, TV room, gym, indoor children’s play area, and swimming pool, among other amenities.
After two years that Yu started offering One Shangri-La Place at pre-selling prices, its value has appreciated more than 30 percent. Turnover of One Shangri-La Place’s lower floors begins this this year. Similarly, Shang Salcedo Place’s original pre-selling price per square meter two years ago has also gone up.
Yu says rental yield is around six to eight percent per annum for a furnished two-bedroom affair at One Shangri-La Place — an amount few two-bedroom townhouses can command.
“People believe in the Shang,” says Yu. “They see the quality work that we do. Also, our projects don’t depend on sales. We groundbreak and build even before we offer our properties to interested buyers. And we deliver on time; no extensions or delays.”
* * *
For information on One Shangri-La Place, visit the sales offices and model unit located at level 1 of Shangri-La Plaza, call 370-2600 or 634-5678, email sales@oneshangri-laplace.com, or visit www.oneshangri-laplace.com.
For information on Shang Salcedo Place, visit the sales office and show flats at level 3, tower 1, The Enterprise Center, Ayala Avenue corner Paseo de Roxas, Makati City, call 519-0000 or 519-8080 or email sales@shangsalcedoplace.com.