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Century Properties project sold out

REAL ЕSTATЕ developer Century Properties Group, Inc. sold before December last year all 1,432 units at the recently completed The Gramercy Residences, the firm’s upscale residential tower in Makati City, a senior company official said over the weekend.

“Yes, we’ve sold out all the units before the start of turnover in December 2012. Turnover is still ongoing,” Terrie Fucanan-Yu, Century Properties vice-president for corporate communications, said in a text message yesterday when asked on the selling status of Gramercy.

Gramercy is a 72-storey residential condominium in Century City, Century Properties’ 3.4-hectare mixed-use project along Kalayaan Avenue in Bel-Air, Makati City. Gramercy, completed last year, has 1,432 units and has a gross floor area of 121,595 square meters.

“In the past, a condominium was considered upscale or luxurious for its physical qualities — architecture, material specifications, furnishings. When we introduced Gramercy, we thought of raising the bar by introducing new features, amenities and hotel-style service that will further enhance the residential experience,” John Victor R. Antonio, Century Properties chief operating officer, said in a statement last Saturday.

Gramercy units were offered in studio, one-bedroom, and two-bedroom flat and loft layouts, with an average 40-square-meter one-bedroom unit price pegged at P145,000 per square meter, the statement read. Gramercy amenities include a grand lobby, hotel-style concierge and front desk services, as well as SkyPark amenity floors that have swimming pools, gymnasiums, a day-care center, theater, lounge, spa, sun deck, game room, restaurant-café, and a lounge restaurant-bar on the building’s 71st floor that is set to open next semester.

Century Properties shares gained three centavos to close at P2.38 each last Friday.

Source: Businessworld Online | March 3, 2013


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