Greetings from SMDC!
SM Development Corporation (SMDC) is the property arm of the SM Group of Companies, a Philippine-based conglomerate owned by Mr. Henry Sy Sr. Tagged as the richest Filipino by Forbes Magazine, Mr. Sy also owns one of the biggest mall developers and operators in Southeast Asia, SM Prime Holdings. His vast portfolio also includes businesses like banking and finance, mining, hotels, convention centers and leisure developments.
SMDC currently prides itself with twenty projects strategically located in different areas of Metro Manila (Makati, Pasay, Manila, Quezon City, Pasig, Paranaque and Taguig) and in Tagaytay. Among its five star developments, the hottest right now are those located within the Mall of Asia (MOA) Complex, in the city of Pasay.
MOA Complex is now tagged as the emerging business and tourism capital of the country. You will find within the complex a mall (Mall of Asia) with 780 shops and 300 dining establishments; SMX Convention Center, which is the preferred venue of most companies in the Philippines for their conferences and exhibitions; the MOA Arena, a favorite venue for both local and international artists for their concerts and a venue for special NBA games too! There are also several office buildings primarily intended for business process outsourcing (BPO) companies.
Aside from these, another attractive factor in the area for most investors is the fifteen billion US dollar (USD 15B) PAGCOR City Project, also known as the Entertainment City Manila. The Entertainment City is an 8 square kilometer project, in which majority will be developed by these four big companies: Bloomberry Investments, Genting Berhad and Star Cruises of Malaysia, Aruze Corporation of Japan, and SM Investments.
Not only these, government offices like Department of Foreign Affairs, Department of Finance, Central Bank of the Philippines, Senate of the Philippines, National Statistics Office and Social Security System are just nearby. Schools, churches and transportation hubs are in the vicinity as well.
Because of all these, real estate development in the area is perceived by most investors as their better option among all the developments in Metro Manila. Market absorption has been remarkable which led to impressive capital appreciation. The first two projects of SMDC in the area, Sea Residences (Ready for Occupancy) and Shell Residences (Underconstruction) has recorded about 35% and 25% increase on its price since the time that it was launched until 2012 and 2013, respectively.
Now, SMDC is proud to introduce its third installment of five star residences at this emerging business and tourism capital of the country, SHORE RESIDENCES.
Shore will rise in a 3.3 hectare property at the corner of Sunrise and Seaside Drive. Nestled within four nineteen-storey buildings is Shore's grand amenity area, equipped with multiple pools, jogging path, kid's playground, pavilions, great lawn, basketball court, multipurpose playing field, amenity lounge and function rooms.
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Shore Residences offers 1 bedroom units with or without balcony and 2 bedroom units. Thoughtfully designed residential units will be delivered with polished ceramic floor tiles, granite counter-top, complete toilet and bath fixtures, overhead and under-counter cabinets, and partition with glass sliding door on wood panel.
Right now, 24 square meter to 28 square meter 1 bedroom units at Sea Residences are being rented out for a minimum of Php 22,000 per month for long term lease. And because of its close proximity to the Entertainment City, some unit owners are now earning Php 3,000 rental per night for this size of unit.
Below is a conservative illustration of a unit owner's projected income from a 24 square meter unit at Shore Residences (basis is the current rental rate at Sea for the same size of unit).
Because of this earning opportunity, most investors are now taking advantage of the chance to acquire a piece of property in this area. By now, you definitely had seen the potential too! The good news is, SMDC made it so convenient for you to own a unit at Shore. During the construction period, you will only be required to invest a very minimal amount every month for three (3) years, without interest.
Sample Computation: 1 Bedroom Unit at Shore Bldg B (Est. Delivery: 3Q 2017)
Payment Term: 20% Downpayment Payable over 3 years No Interest, Balance - Cash or Bank
Total Investment Price: Php 2,709,919.12
(Inclusive of Transfer Taxes, BIR Registration Fees, Documentary Stamps, Installation of Water and Electric Meter, and other fees)
Reservation Fee: Php 25,000.00 (due on July 2014)
Monthly Investment: Php 14,360.66 (August 2014 to July 2017)
Balance: Php 2,167, 935.29 (due on August 2017)
-If balance is paid thru bank financing:
5 years: Php 43,441
10 years: Php 25,734
15 years: Php 20,097
Sample Computation: 1 Bedroom w/ Balcony at Shore Bldg A (Est. Delivery: 3Q 2017)
Payment Term: 20% Downpayment Payable over 3 years No Interest, Balance - Cash or Bank
Total Investment Price: Php 3,122,048.56
(Inclusive of Transfer Taxes, BIR Registration Fees, Documentary Stamps, Installation of Water and Electric Meter, and other fees)
Reservation Fee: Php 25,000.00 (due on July 2014)
Monthly Investment: Php 16,650.26 (August 2014 to July 2017)
Balance: Php 2,497,638.84 (due on August 2017)
-If balance is paid thru bank financing:
5 years: Php 50,048
10 years: Php 29,647
15 years: Php 23,153
With this investment plan, your capitalization will only happen during the next three years. After 36 months, you may then rent out your unit and use the rental as payment for your bank loan. Your Shore unit will then be a self-liquidating asset.
If you now have Php 25,000 on-hand and you think Php 14,000+ to Php 16,000+ won't be so hard to produce for the next three years, e-mail me back and I will be glad to assist you in acquiring your property located right next to the future Las Vegas of the Philippines.
By now, you should be taking advantage of this opportunity. By now, should be calling yourself an investor at Shore Residences.
Your servicing broker,
Floi Vallespin
REB License No. 12237
SM Development Corporation
Pasay City, Philippines
