Park Terraces Makati – Jan 2010!

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Ayala Land Premier has launched its newest Makati Condominium Project called “Park Terraces”! Tower 1 has only a few remaining units left! Perfect for city dwellers – Park Terraces is located next to the redeveloped Glorietta. If Residences is to Greenbelt, then Park Terraces is to Glorietta. Make your reservation now by giving us a call at 0917-5355689 or 8724982.

Park Terraces is the prime residential enclave in the newly redeveloped Ayala Center. Its Ayala center address provides residents all the convenience as well as little luxuries within arm’s reach.

Park Terraces will be a three-tower development, with a shared motor court and a contiguous basement parking. Towers 1 and 2 will share a lobby and podium amenities. Tower 3 will have its own lobby and podium amenities. Retail spaces for establishments such as cafes, restaurants, wellness outlets, and service retail will be located at the ground level. Located at the eastern side is the landscaped greenery, which also serves as a pedestrian access to Glorietta. Park Terraces basement parking will have an underground connection to the basement parking system of Ayala Center. This will give residents the choice of multiple access points to and from main Makati City thoroughfares.

Don’t just be interested – be excited! Wouldn’t you want to be part of the community of Park Terraces? This is the most opportune time for you to invest in a Makati condominium unit! And we have Ayala Land Premiere to thank for starting a new project that we know, just because it’s from Ayala Land, will be worth all our hard earned money!

Only a few remaining units left in Tower1! Reserve now by giving us a call at 0917-5355689 or 8724982 or you can leave a comment here or email housesforsalephilippines@gmail.com and we’ll get back to you!

Amenities and Facilities for Tower 1 & 2

• Outdoor Infinity Lap Pool
• Fully Equipped Fitness Center
• Social Hall
• Function Rooms
• Indoor and Outdoor children’s play areas
• Courtyard Gardens at the Podium Level]

Tower 1 Building Features

Efficiency Features

• Motion Sensors for lights in select common areas
• Maximized natural ventilation for common areas
• Efficiency features for common area toilet fixtures*

Safety & Security

• Semi-addressable fire detection and alarm system
• 24 hour security and building maintenance
• Proximity Card access for security
• 100% Back up Power
• Convenience & Services
• Four (4)high speed elevators
• Four (4)levels of basement parking*
• Elegantly-designed, air-conditioned ground floor lobby*
• Mail room
• Administrative Offices and Conference Rooms*
• Centralized sanitary disposal system
• Provision for a Laundromat*

*to be shared by residents of Tower 1 & Tower 2

Unit Features of Park Terraces Makati Condominium

• Functional kitchens with built-in appliances (only cooktop and rangehood)
• Other appliances provided in the unit: Airconditioning units for bedrooms* and living/dining areas and water heaters for kitchen and bathrooms
• Kohler and Grohe (or equivalent) bathroom fixtures
• Master switch cards for units which automatically switches off lights and appliances (Except for ref)
• Individual metering for water and electricity
• Maximized natural ventilation
• Audio Guest anunciator system
• CATV provision for all bedrooms and living area
• Provision for 2 telephone line service providers per unit
• Telephone outlets for all bedrooms*, living and dining areas
• Duress button in the Master’s Bedroom

*Except for maid’s room

Park Terraces FAQ
1. What are the views from the Units of Park Terraces’ First Tower?

Park Terraces offers an array of views. Select units at lower floors will have choice views of the parks and landscaped areas(Terraces Square and Palm Promanade*), the motor court and the garden and pool at the podium level.

*temporary name

2. What lifestyle can a future Park Terraces’ resident look forward to?

Being inside Ayala Center, Park Terraces offers a wide array of choices from the most luxurious to the most basic services, dining, shopping, fitness and entertainment experiences.

The country’s most prime hotels, such as Makati Shangri-la, Fairmont Hotel, Hotel Dusit Thani Manila, Intercontinental Hotel Manila, Rennaissance Makati Hotel, and Ascott Makati, adds to the choices available to residents.
Greenbelt provides a selection of exquisite dining places, state of the art cinemas, live theater performances, the Ayala Museum, global premium brands, and a showcase of Filipino artistry. The redevelopment of Ayala Center unveils a new Glorietta that will house an even wider array of retail choices, enhanced with landscaped promenades and gardens.

3. How can residents access Park Terraces’ parking?

Park Terraces residents may access the development via the following entry/exit points:

• Ramp system along Arnaiz Ave.
• Motorcourt
• Terraces Square interceptor ramp along West Drive
• Various entry/exit points to the Ayala Center Basement parking

The promenades and walkways in Ayala Center, connecting to the Makati Central Business District’s walkway system, also provide residents the choice of leisurely walking to their destinations.

4. What establishments and landmarks are near Park Terraces?

Within 1/2 kilometer
1. Asian Inslitute 01 Management
2. Assumption College
3. Landmark
4. Rustan’s Ayala Center
5. Rustan’s Express at Greenbelt
6. SM Makati
7. Sio. Nino de Paz Church located at Greenbelt Park
8. Philippine Stock Exchange
9. Ayala Triangle Gardens

Within 1 kilometer
1. Colegio de San Agustin
2. Nearest MRT Station

Within 3,5 kilometers
1. Makati Medical Center
2. St. Luke’s Medical Center in Bonifacio Global City
3. Manila Golf Club
4. Manila Polo Club
5. International School Manila
6. Manila Japanese School
7. British School Manila

ABOUT THE UNIT
1. For lower floor units, what measures will be undertaken to lessen any noise coming from the outside surroundings, especially those who have 24 hour operations (BPO’s and 24/7 cafes)

Included in the design of the building is the double glazing of the windows from 2nd to 15th level.

2. How will the traffic in the area of Park Terraces be affected once the towers are built?

Being part of Ayala Center, Park Terraces will also benefit from the progressive traffic planning and management systems to be implemented within Ayala Center

3. What appliances will be provided in Park Terraces units?

The residential units will include air conditioning units for all bedrooms*, living and dining areas, water heater for the kitchen and bathrooms ‘ and range hood and cook top (only) for the kitchens.
*except for maid’s room and bathroom

ABOUT FINANCES
1. How much is the rental potential of units in Park Terraces?

Current rental rates for premium condominiums within Makati ranges from P140,000 to P150,000 per month. Since rent is greatly influenced by several market factors, the developer cannot guarantee the growth rate.

2. Is the balcony area included in the list price of the unit?

Balconies at Part Terraces are defined in the Master Deed as Limited Unit Common Area. Thus, the area considered in the list price is the unit only.

3. Are parking spaces appurtenant? What are the guidelines/parameters of purchasing a parking slot? How many parking slots can a unit owner purchase? If a unit owner decides not to purchase a parking slot, what are his other options in terms of parking?

The parking slots are not appurtenant to the unit. The buyer has the option to choose and purchase parking slots among those available for sale. Only unit owners can purchase parking slots, and identified parking slots for sale will be made available on a first-come, first-served basis.

Based on the unit purchased, a unit owner can purchase a maximum number of parking slots

Studio = 1 slot
1 br = 1 slot
2 br = 2 slots
3 br = 2 slots
Penthouse = 3 slots

4. What will be the structure of the Condominium Corporation of Park Terraces?

All towers of Park Terraces will form part of one Condominium Corporation, with two (2) districts. Tower 1 and Tower 2 will form District 1 and Tower 3 will form District 2. Each district will have a Residential and a Commercial Zone.

5. How much are the association dues?

The association dues will be computed at the time of the establishment of the Condominium Corporation, based on the formula indicated in the Master Deed. Current average monthly association dues of similar type-condominium developments range from Php 93/sqm to Php 115/sqm. Payment of association dues will commence upon turnover of the unit to the buyer.

6. Will the area of the balcony be included in the association dues?

The balcony being a Limited Unit Common Area will incur expenses such as Real Property Tax and insurance. The master deed requires the unit owner to pay for the share in the expenses of all limited Unit Common Areas. The share will depend on the size of the balcony and/or Limited Unit Common Area of the unit relative to the total Limited Unit Common Areas in the tower.

7. Will the dues for the amenities at the towers be shared among all the unit owners in Park Terraces?

At full development, Tower 1 and Tower 2 residential unit owners will share amenities, thus, they will also share in the maintenance and operating costs of these shared amenities. The motorcourt and easements at the ground floor and basements as well as the other common areas identified to be shared by the three (3) towers, will be shared by all three (3) towers. Common areas identified as those shared with the Commercial units will be shared by the residential towers and the commercial units.

ONLY A LIMITED NUMBER OF UNITS LEFT in TOWER1!  MAKE YOUR INVESTMENT COUNT at PARK TERRACES MAKATI!

Contact Your Real Estate Broker:
Vir Santos
Mobile # (63)917-5355689
Landline # (632)8724982
Email: housesforsalephilippines@gmail.com