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 Metro Manila’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 Philippines 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 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