Makati Overview

Metro Manila 2010 daytime population: 3.2-4.2M 2010 night-time population: 529,039

MAKATI

LAND AREA : 27.36 sq.km (2,736 has) AIRPORT (4.3% of ’s land area)

Source: “Meeting of the UCLG Committee on Local Finance and Development”, June 2007 http://www.makati.gov.ph/portal/main/index.jsp?main=2&content=0&menu=0 Why Makati?

Makati: Undisputed Business Capital of the Country

Largest concentration of commercial activities in the and is the country’s primary link to international finance and the global economy

Headquarters of over 60% of the top 1000 corporations

Country’s premier business district, accounts for 3.21Mn sq.m. or 39% of Metro Manila’s prime office space inventory

Daytime population is 6 to 8 times at an estimate of 3.2M to 4.2M from its night time population of 529,039

Office supply in Makati Fringe projected % increase from 2016-2020 is 94% vs. Makati CBD projected increase by 11% CIRCUIT MAKATI: MAKATI Entertainment 6 NODES District

AYALA TRIANGLE GARDENS Urban Oasis

MAKATI AYALA CENTRAL CENTER BUSINESS Cosmopolitan Hub MCKINLEY DISTRICT EXCHANGE Financial District Transport Hub MAKATI: 6 NODES

MCKINLEY EXCHANGE Transport Hub MCKINLEY EXCHANGE MCKINLEY EXCHANGE

Shell McKinley Improvement

Artist’s Perspective MAKATI: 6 NODES

AYALA CENTER Cosmopolitan Hub AYALA CENTER

Artist’s Perspective AYALA CENTER

Artist’s Perspective

Artist’s Perspective MAKATI: 6 NODES

AYALA TRIANGLE GARDENS Urban Oasis AYALA TRIANGLE GARDENS

Artist’s Perspective AYALA TRIANGLE GARDENS

Artist’s Perspective

Artist’s Perspective CIRCUIT MAKATI: MAKATI Entertainment 6 NODES District CIRCUIT MAKATI CIRCUIT MAKATI

Artist’s Perspective MAKATI: 6 NODES CITY GATE

Artist’s Perspective CITY GATE

Artist’s Perspective

Artist’s Perspective Artist’s Perspective Artist’s Perspective PROJECT PIPELINES IN MAKATI

Buendia vehicular tunnel

Dela Rosa elevated walkway extension

Sidewalk improvements and covered walkways

Underpass projects

Green projects

Buendia pedestrian overpass PROJECT UPDATES PROJECT UPDATES

Tower 1 • Ongoing exterior painting works • Ongoing finishing works at the upper floors PROJECT UPDATES

Tower 2 • Ongoing exterior painting works • Ongoing tiling and finishing works VALUE APPRECIATION

Makati West Launch Price (2007) Php 73,000

San Lorenzo Launch Price (2009) Php 87,000

Asten Launch Price (2013) Php 114,000

Asten Current Price (2017) Php 151,000

Compounded Annual Growth Rate 8% SALES TAKE-UP

AT Asten Sales Take-up Tower 1 95% Tower 2 88% BUYER’S PROFILE BUYER’S PROFILE BUYER’S PROFILE Artist’s Perspective VICINITY MAP SITE DEVELOPMENT PLAN

FACING MANILA / YAKAL

Tower 3

FACINGBAYMANILA Tower 2

FACING MAKATI FACING

Tower Tower 1 2

FACING MAKATI / MALUGAY BUILDING PERSPECTIVE

Tower 3 30 Residential Levels

5 Podium Levels (Retail/Parking/Utilities/ Lobby/Admin Office) Artist’s Perspective DEVELOPMENT DATA

BUILDING TOWER 3 Studio (23.2-28.3sqm) 1BR (33.4-36.3sqm) Product Type 2BR (65.2-77.5sqm) 2BR Bi-Level (98.1-110.8sqm) Residential Floors 30 Parking Floors 4 No. of Residential Units 863 No. of Parking Slots 323 Parking Ratio (Residential) 38%

Artist’s Perspective GROUND FLOOR LAYOUT

YAKAL STREET

The level comprises of: • Retail Area + Retail Parking - GLA: 2,450 sqm - Retail: 20 units - Parking: 45 units • Residential Lobbies

MALUGAY STREET RETAIL MIX

Retail – Malugay Side Retail – Malugay Side

Food, Non-Food and Supermarket

Retail – Yakal Side AMENITY DECK

Amenity Areas • Adult and Kiddie Pool with pool lounge • Clubhouse GYM • Function Room CLUBHOUSE • Children’s Play Area • Landscape Areas • Viewing Deck • Game Room • Indoor Gym GAME ROOM

FUNCTION ROOM

Retail – Yakal Side AMENITY DECK

Artist’s Perspective

POOL

GYM CLUBHOUSE Artist’s Perspective

GAME ROOM SKY LOUNGE Artist’s Perspective Artist’s Perspective TYPICAL RESIDENTIAL FLOOR PLAN

FACING MANILA

FACING MAKATI FACING FACING MANILA BAY MANILA FACING

Studio FACING MAKATI 1 BR

Unit Type Units/Flr # of Units Area (sqm) Unit Mix Area Mix 2 BR

Studio 22 646 23.39 75% 59% 1 BR 5 150 38.35 17% 22% 2 BR 2 67 67.63 8% 19% TOTAL 29 863 100% 100% UNIT LAYOUT

Studio 1 Bedroom 23 sq.m. 33 sq.m. 3.0M– 4.0M 4.5M - 6.4M UNIT LAYOUT

2 Bedroom 65 sq.m. 9.0M – 12.6M UNIT LAYOUT

2 Bedroom 98 sq.m. |15.0M– 16.9M SPECIAL UNITS 2BR Pop-Out Unit

2 BR pop-out units: Units 1 and 17 Unit Area: 77.5 sq.m. 26th-31st Floor

Notes: Split-type ACCU for Living Area and Bedroom; window-type for Master’s Artist’s Perspective Bedroom BUILDING FEATURES

• Main lobby • Four (4) Elevator units for Tower 3 • Admin room • Utility room • Emergency power • 100% on safety; 50% on common areas • 1 power outlet, 1 ref outlet, & 1 lighting unit for Studio and 1-BR units • 1 power outlet, 1 ref outlet, & 2 lighting units for 2-BR unit • Garbage Chute • Fire protection/ fire alarm system • Mailbox per unit located at the lobby • Units are electricity, telephone, cable television & internet ready Artist’s Perspective DELIVERABLES PAYTERM/MONTHLY AMORTIZATION

Studio Unit Bank Financing Deferred 10% Spot, 50% in 42, 40% Payment Term 20% in 24 mos balance Discount - 2% on TSP Total Selling Price 3,080,000.00 3,018,400.00 Downpayment 20% 60% Spot - 301,840 Monthly Amortization 25,667 35,933 Balance 80% 40% Amount 2,464,000 1,207,360 Monthly Amortization to bank 26,627 24,808 Interest Rate 9.25% (15 years) 6.5% (5 years) Total Effective Price 5,408,896 3,299,549 17 years 8.5 years TIMELINE

Launch Date: March 2017

Completion Date: November 2020

Turnover to Buyers: February 2021 LEASING OPPORTUNITIES

2016 LEASING OPPORTUNITIES

100% TENANT PROFILE Nationality

Chinese 46% Filipino 32% 1% Indonesian 6% 32% Malaysia 4% Filipino Vietnamese 5% Asian Taiwanese 2% Western Thai 2% 67% Japanese 1% Singapore 1% British 1% Cyprian 1% TENANT PROFILE Occupation & Status

77%

97% 23%

3% INVENTORY MIX

35% 33% 18% 14%

ATMW inventory last year is composed of Studio & 1BR. 2BR is the least enrolled unit which may indicate that 2-BR buyers are mostly end users UNIT PREFERENCE

41% 20% 39%

Since most of ATMW tenants are students and young professionals, Studio & 1-BR units are the most preferred units. UNIT FINISH PREFERENCE

Fully-Furnished 43%

Bare/Standard 33%

Semi-Furnished 24% Artist’s Perspective PROPOSED RENTAL RATES

Area Standard Semi-Furnished Furnished

Studio 22.54 15,000 18,000 20,000

1 BR 38.54 22,000 25,000 30,000

2 BR 61.64 32,000 35,000 40,000

Bi-Level

2BR 97.45 60,000 65,000 70,000

3BR 114.72 70,000 75,000 80,000