Articles worth reading

Metro News

Westchester Realty re-launches GA Tower 2: Offers affordability and accessibility 

account_balanceMetro News account_circleNoah James chat_bubble_outline0 Comments

The global pandemic's impact on the economy has created a slowdown over the last two years, although Westchester Realty Corporation reports that housing demand is still high, according to a report by Manila Standard.

“Owning a home remains a top priority for Filipino families, that is why even with the pandemic, the demand for our housing projects remained strong,” Nico Valencia, President and Chief Operating Officer of Westchester Realty Corporation (WRC) told reporters in an interview during the Open House of its latest development, The GA Towers 2.

The redevelopment of GA Towers furthered the partnership between WRC and Pag-ibig Fund, following the initial success of its previous venture in other key provinces. The property firm owned by former Governor and Solon, Rodolfo G, Valencia, acquired more than 8,000 housing units formerly owned by Globe Asiatique over the last 2 years from the mutual funding agency. These former Globe Asiatique housing communities are located in Pampanga, Binangonan, and San Mateo in Rizal province including Valenzuela City and the GA Tower in Mandaluyong.

Advertisement

Valencia says this is why WRC is optimistic that the 540 available units at GA Tower 2 would be sold out by year’s end, and judging from the turnout during its first Open House event, the remaining units might be sold even earlier than expected.

The GA Tower 2 is located within the heart of EDSA, Mandaluyong City, along EDSA and infront of Boni-MRT Station in Mandaluyong City. Its proximity to Ortigas and Makati (both 10 minutes away), coupled with easy and direct access to Boni-MRT Station.

“Our location is ideal for those working in the business districts, whether their offices are in Makati, BGC, Ortigas, or Quezon City, they can drive or commute via the MRT, or take the bus which is just outside the GA Tower. There are also a lot of shops, restaurants, groceries, and even malls many of which are just within walking distance making it every city dweller’s dream home, Valencia added.

WRC is offering GA Towers condominium units at an average price of P2.8 to 3.6 million. These are already 1 to 3 bedroom units with a spacious floor area of 36sqm to 45 sqm.

 This computes to around just Php77,000/sqm as compared to other nearby projects that are priced at around P100,000/sqm.

“Now when you get it thru Pag-Ibig, the monthly amortization is just around P16,000 a month, which is about the same price of renting a house or condominium in Mandaluyong, that is why we are calling this rental replacement,” Valencia pointed out.

“This is definitely a bargain considering that buyers will be moving in newly re-furbished condo units with complete amenities, notes Zy Valencia, marketing and promotions head of GA Towers. “This is an opportunity every home-buyer wouldn’t want to miss.” As she compared GA Tower to other developments along EDSA that are priced way above Westchester’s price offering.

Valencia explained that they are able to set their prices lower since they are not building or developing a new condominium project. And compared to pre-selling condo projects, units are available and ready for occupancy after 45 days from the day of signing the contract and payment of the 10 percent down payment.

One advantage of living in a condominium is having access to all sorts of amenities. GA Towers offers residents complete amenities including two swimming pools (one indoor, one outdoor) a fitness gym, a beauty salon, a garden, a lobby café, and 24-hour security and CCTVs. 

Valencia adds that by October, they will also be opening the Z Lounge at the Roof Deck, a bar and restaurant that will offer a unique 360-degree view of the city.

Valencia assured prospective buyers that they have nothing to worry about since the entry of WRC has resolved any controversy between HDMF and Globe Asiatique. WRC has acquired the rights of the HDMF (Pag-Ibig) Fund through public auctions, on an “as is, where is basis.

We did our utmost due diligence and together with the assurance from Pag-Ibig Fund, everything has been running accordingly and smoothly, Valencia said.

At the start of 2020, WRC acquired the housing units and all its facilities through four separate public auctions offered by Pag-Ibig Fund and has since then taken over the re-development and selling of the subject properties to individual buyers mostly composed of Pag-Ibig member-home-borrowers.


date_rangeDate Published
4 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Future-proofing supply chain against disruptions

account_balanceMetro Manila chrome_reader_mode2 days ago

Globally, supply chains of many organizations have seen and experienced numerous disruptions and challenges. For instance, due to restrictions caused by the global health crisis and the conflict in Europe, acquiring raw materials and delivering end p...

Bill promotes creative arts system for high school 

account_balanceMetro Manila chrome_reader_mode2 days ago

To hone the artistic skills and talents of the Filipino youth, a measure seeking the establishment of a Philippine High School for the Creative Arts (PHSCA) System hurdled the committee level at the House of Representatives, according to a repor...

Dimalanta defends ERC decision on power deals

account_balanceMetro Manila chrome_reader_mode2 days ago

The Energy Regulatory Commission (ERC) is committed to creating an environment that protects and empowers consumers to achieve energy democracy in the Philippines. ERC Chairman and Chief Executive Officer Monalisa Dimalanta said transparent and acco...

Photo courtesy of the Philippine Army

Filipino soldier wins Mt. Everest obstacle race

account_balanceMetro Manila chrome_reader_mode1 week ago

A Philippine Army (PA) athlete won the championship in the Altitude Obstacle Course Races World Championships held at the Mount Everest Basecamp in Nepal from November 8 to 22, according to a report by Philippine News Agency. In a statement Fri...

×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature