Saturday, January 30, 2010
Ayala Park Terraces Facts
PROJECT CONCEPT AND MASTERPLAN
Park Terraces is the prime residential enclave in the newly redeveloped Ayala Center. Its Ayala Center address provides residents all the convenience as well as little luxuries within arms’ reach.
Park Terraces will be a three-tower development, with a shared motor court and a contiguous basement parking. Towers 1 and 2 will share a lobby and podium amenities. Tower 3 will have its own lobby and podium amenities. Retail spaces for establishments such as cafes, restaurants, wellness outlets, and service retail will be located at the ground level. Located at the eastern side is the landscaped greenery, which also serves as a pedestrian access to Glorietta. Park Terraces’ basement parking will have an underground connection to the basement parking system of Ayala Center. This will give residents the choice of multiple access points to and from main Makati City thoroughfares.
AMENITIES AND FACILITIES FOR TOER 1 AND TOWER 2
· Outdoor infinity lap pool
· Fully equipped fitness center
· Social hall
· Function rooms
· Indoor and outdoor children’s play areas
· Courtyard Gardens at the Podium level
TOWER 1 BUILDING FEATURES
EFFICIENCY FEATURES
· Motion sensors for lights in select common areas
· Maximized natural ventilation for common areas
· Efficiency features for Common Area toilet fixtures*
SAFETY AND SECURITY
· Semi-addressable fire detection and alarm system
· 24-hour security and building maintenance*
· Proximity card access for security
· 100% back-up power
CONVENIENCE & SERVICES
· Four (4) High Speed Elevators
· Four (4) levels of basement parking*
· Elelgantly-designed, air conditioned Ground Floor lobby*
· Mail Room
· Administrative Offices and Conference Rooms*
· Centralized sanitary disposal system
· Provision for a Laundromat*
*to be shared by residents of Tower 1 and 2
UNIT OFFERINGS
UNIT TYPE | NO. OF UNITS | AVERAGE UNIT AREA* (Excluding Balconies) | AVERAGE BALCONY AREA |
Studio | 96 | 42 | n/a |
1 Bedroom | 139 | 71 | 7 |
Special 1 Bedroom | 9 | 88 | n/a |
2 Bedroom | 48 | 106 | 8 |
Special 2 Bedroom | 44 | 140 | 15 |
3 Bedroom | 28 | 179 | 22 |
3 Bedroom Penthouse | 6 | 269 | 50 |
TOTAL | 370 | 88 | 8 |
*Approximate areas only. Please refer to specific unit plans for areas of specific units
Exclusive, limited inventory of highlight units:
** Select 1-bedroom suite with flex rooms on the 31st and 39th floor
*** Two 2-bedroom Veranda units with balconies for each bedroom on the 19t and 22nd floor
**** Two 3bedroom Sky Terrace penthouse units with private terraces
TURNOVER
Turnover of units will be carried out in tranches determined by floor level, beginning first quarter of
2015
Tranche 1: 2nd floor to 15th floor, beginning 1st quarter 2015
Tranche 2: 16th floor to 27th floor, beginning 2nd quarter 2015
Tranche 3: 28th floor to 39th floor, beginning 3rd quarter 2015
Tranche 4: 40th floor to 49th floor, beginning 4th quarter 2015
ABOUT THE BUILDING
1. What are the views from the units of Park Terraces’ first tower?
Park Terraces offers an array of views.
Select units at lower floors will have choice views of the parks and landscaped areas
(Terraces Square and Palm Promenade*) the motor court and the garden and pool at the Podium level.
*temporary name
2. What lifestyles can a future Park Terraces, resident look forward to?
Being inside Ayala Center, Park Terraces offers a wide array of choices from the most luxurious to the most basic services, dining, shopping, fitness and entertainment experiences.
The country’s most prime hotels, such as Makati, Shangri-la, Fairmont Hotel, Hotel Dusit Thani Manila, Intercontinental Hotel, Renaissance Makati Hotel, and Ascott Makati, adds to the choices of available to residents.
Greenbelt provides a selection of exquisite dining places, state-of-the-art cinemas, live theater performances, the Ayala Museum, global premium brands, and a showcase of Filipino artistry. The redevelopment of Ayala Center unveils a new Glorietta that will house an even wider array of retail choice, enhanced with landscaped promenades and gardens.
3. How can residents access Park Terraces’ parking?
Park Terraces residents may access the development via the following entry/exit points:
· Ramp system along Arnaiz Avenue
· Motorcourt
· Terraces Square interceptor ramp along West Drive
· Various entry/exit points to the Ayala Center Basement Parking
4. What establishments and landmarks are near Park Terraces?
· Within ½ Kilometer
I. Asian Institute of Management
II. Assumption College
III. Landmark
IV. Rustan’s Ayala Center
V. SM Makati
VI. Sto Nino de Paz Church located at Greenbelt Park
VII. Philippine Stock Exchange
VIII. Ayala Triangle Gardens
· Within 1 Kilometer
I. Colegio de San Agustin
II. Nearest MRT Station
· Within 3.5 Kilometer
I. Makati Medical Center
II. St Luke’s Medical Center Bonifacio Global City
III. Manila Golf Club
IV. Manila Polo Club
V. International School Manila
VI. Manila Japanese School
VII. British School Manila
ABOUT THE UNIT
1. For lower floor units, what measures will be undertaken to lessen any noise coming from the outside surroundings, especially those who have 24-hour operations (BPO and 24/7 cafes)?
Included in the design of the building is the double glazing of the windows from 2nd to the 15th level.
2. How will the traffic in the area of Park Terraces be affected once the towers are built?
Being part of Ayala Center, Park Terraces will also benefit from the progressive traffic planning and management systems to be implemented within the Ayala Center.
3. What appliances will be provided in the Park Terraces units?
The residential units will include air-conditioning for all bedrooms (except for maid’s room and bathroom), living and dining areas, water heater for the kitchen and bathrooms and range hood and cook top (only) for the kitchens.
ABOUT FINANCES
1. How much is the rental potential of units in Park Terraces?
Current rental rates for premium condominiums within Makati ranges from PHP 140,000 to PHP 150,000 per month.
*Since rent is greatly influenced by several market factors, the developer cannot guarantee the growth rate.
2. Is the balcony area included in the price list of the unit?
Balconies at Park Terraces are defined in the Master deed as Limited Unit Common Area. Thus, the area considered in the list price is the unit only.
3. Are parking spaces appurtenant? What are the guidelines/parameters of purchasing a parking slot? How many parking slot can a unit owner purchase? If a unit owner decides not to purchase a parking slot, what are his other options in terms of parking?
The parking slots are not appurtenant to the unit. The buyer has the option to choose and purchase parking slots among those available for sale. Only unit owners can purchase parking slots, and identified parking slots for sale will be made available on a first-come, first-served basis.
Based on the units purchased, a units owner can purchase a maximum number of parking slots.
Unit Type | Max no. of slots |
Studio | 1 |
1 Bedroom | 1 |
2 Bedroom | 2 |
3 Bedroom | 2 |
Penthouse | 3 |
4. What will be the structure of the Condominium Corporation of Park Terraces?
All towers of Park Terraces will form part of the one Condominium Corporation, with two (2) districts. Tower 1 and Tower 2 will form District 1, and Tower 3 will form District 2. Each district will have a Residential and Commercial Zone.
5. How much are the association dues?
The association dues will be computed at the time of the establishment of the Condominium Corporation, based on the formula indicated in the Master Deed. Current average monthly association dues of similar type-condominium developments range from PP 93/sqm to PHP 115/sqm. Payment of association dues will commence upon turnover of the unit to the buyer.
6. Will the area of the balcony be included in the association dues?
The balcony being a Limited Unit Common Area will only incur expenses, such as Real Property Tax and insurance. The master deed requires the unit owner to pay for the share in the expenses of all Limited Unit Common Areas. The share will depend on the size of the balcony and/or Limited Unit Common Area of the unit relative to the total Limited Unit Common Area in the tower.
7. Will the dues for the amenities at the towers be shared among all the unit owners of Park Terraces?
At full development, Tower 1 and Tower 2 residential unit owners will share the amenities, thus, they will also share in the maintenance and operating costs of these shared amenities. The motorcourt and easements at the ground floor and basements, as well as the other common areas identified to be shared by the three (3) towers, will be shared by all three towers. Common areas identified as those shared with the Commercial units will be shared by the residential towers and the commercial units.
UNIT FEATURES
· Functional kitchens with built-in appliance (only cooktop and rangehood)
· Other appliance provided in the unit: Airconditioning units for bedrooms, living/dining areas excepts the maid’s room, and water heaters for kitchen and bathrooms.
· Kohler ® and Grohe ® bathroom fixtures
· Master switch cards for units which automatically switch off lights and appliances (except for refrigerator)
· Individual metering for water and electricity
· Maximized natural ventilation
· Audio guest anounciator system
· CATV provision for all bedrooms and living area
· Provision for 2 Telephone line service providers per unit
· Telephone outlets in all bedrooms, living and dining area
· Duress Button in the Master’s Bedroom
UNIT FINISHES AND APPLIANCE
Room/Area | Floor | Wall | Ceiling | Appliance/Other Inclusions |
Foyer* | Engineered wood/Homogenous Tiles | Painted | Painted Gypsum | |
Living/Dining Area | Engineered Wood | Painted | Painted Gypsum | Airconditioning unit |
Powder Room | Homogenous Tiles | Painted | Painted Gypsum | |
Balcony* | Ceramic Tile | n/a | Painted | |
Master’s Bedroom | Engineered Wood | Painted | Painted Gypsum | Airconditioning unit |
Master’s T&B | Homogenous Tiles | Homogenous Tile for Shower Areas/ Painted | Painted Gypsum | Water Heater |
Secondary Bedrooms | Engineered Wood | Painted | Painted Gypsum | Airconditioning unit |
Secondary/Common T&B | Homogenous Tiles | Homogenous Tile for Shower Areas | Painted Gypsum | Water Heater |
Kitchen | Homogenous Tiles | Painted | Painted Gypsum | Rangehood, cooktop, water heater |
Utility Room | Tile | Painted | Painted | |
Maid’s Room | Tile | Painted | Painted Gypsum | |
Maid’s T&B | Ceramic Tile | Painted | Painted Gypsum |
· Engineered wood floorings for all bedrooms, living and dining areas *except maid’s room and utility area
· Homogenous tiles in all bathrooms and kitchen
· Solid-surface countertops in all kitchens
· Stone bathroom countertops
· European-grade toilet and bath fixtures
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