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