Premier Location: The Raffles site is located in the financial and lifestyle hub of the Makati District - often called the 'Wall Street of the Philippines'. The site is directly across from the Greenbelt Mall, one of the most celebrated and awarded malls in all of Asia. Just steps away, you are connected to the most sophisticated living with access spanning from Starbucks and Gucci to the finest restaurants, nightlife, and vibrant business centers. The Raffles Residences Makati will be established as the most elite address in Makati.
Raffles Hotels & Resorts: A Legendary Legacy. Raffles Hotels & Resorts are the home away from home for Royalty, Dignitaries and Celebrities worldwide from Singapore to Bevelry Hills to Dubai. With over 120 years of experience, Raffles brings you residential sanctuaries that are cultured and refined, with service that is heartfelt and gracious in every way. Raffles has been recognized by Conde Nast as the #2 Hotel brand in the world. There is now an opportunity to own a part of the legend with Raffles Residences Makati.
Residential Experience: Raffles Residences brings you to the one place that truly matters...home. Residents are invited to surrender to the legendary Raffles hospitality, as the staff anticipates your needs with seamless grace and discretion. Resident Amenities will include a luxury spa, the legendary Long Bar inspired by Raffles Singapore, fitness facility, on-site dining venues and lounges, 24 hour concierge services, pool deck, business meeting venues and on-site property management
The Evolution of Manila and the Philippines:
Manila is one of the top 5 fastest growing cities in the world - projected to be the size of Los Angeles in 5 years.
Philippine tourism spending is up over 40% in the past 2 years.
Goldman Sachs defined the Philippines as one of the next 11 countries to have the greatest impact on the global economy along with the 'BRIC'nations.
The Makati District in Manila is now the top choice for multinational companies such as Dell, IBM, Shell, Proctor & Gamble, Chevron, and HSBC.
In recent years, Manila has had the fastest office rent growth in the world after Singapore, Bombay, and Moscow.
In summary, there is significant local and global demand with limited offerings available. Global executives are calling Manila home as they establish themselves to operate multinational companies. Manila continues to evolve at a rapid pace and is one of the up and coming star cities of Asia and the world. Manila now has significant desire for luxury branded real estate - and the Raffles Residences Makati will be the first opportunity to satisfy this need.
Phase I Release: Real estate history was made on July 26, 2008 in Manila, Raffles Residences Makati set a single day sales record by selling over 100 Residences and mor than $40,000,000 USD (2,000,000,000 Php) in inventory at an exclusive selection event.
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§ 20% at signing
§ 7.5% June 30th, 2009
§ 7.5% Nov 30th, 2009
§ 7.5% April 30th, 2010
§ 7.5% Aug 31st, 2010
§ 50% at closing
KHI-Ali Manila Inc. (“KAM”), a joint venture between Kingdom Hotel Investments (“KHI”) (80% interest) and Ayala Land Inc. (20% interest), has signed a US$103 million construction contract with D.M. Consunji, Inc. (“DMCI”) for the construction of the Raffles Residences Makati in Manila.
D.M. Consunji, Inc. (“DMCI”) is known today as the country’s “Builder of Landmarks”. Their landmark projects are Philippine International Convention Center (PICC), Cultural Center of the Philippines (CCP), Manila Hotel, Folks Arts Theater, Aguinaldo National Shrine (restoration only), Roxas Triangle, Stock Exchange Building (Ayala), SM Megamall, Shangri-La Hotels (Makati, Edsa and Mactan)
Garry Constantine, Director, KAM, Manila acknowledged that, "with DMCI’s proven track record in Manila, Raffles Residences Makati continues to reach new heights."
With all the new activity occurring, the development is progressing and construction is well underway. Excavation is already complete and the branded perimeter fencing erected is the gateway to foundation works. Concrete structures, installation of electromechanical plumbing systems as well as a high-tech curtain walling are all planned for the upcoming months.
In the following weeks you will receive project updates that will include up-to-date construction photos, team and company bios, local information and much more.
Following the positive response we have received for Raffles Residences Makati Phase II, we are preparing customers to select their specific residence and execute firm contracts early in 2009. As a reminder, the demand expressed after Phase I has led the developer to include a limited selection of additional one-bedroom residences to the development for Phase II. This enhances the portfolio of the exclusive residences that are presently available.
Currently, we are accepting fully refundable 400,000 PHP deposits through our Opportunity to Purchase (OTP) program. Email me for a copy of the OTP. In the upcoming weeks OTP holders will be provided with pertinent information necessary to make a fully educated purchase decision. OTP holders will select their specific residences and execute firm contracts at our Selection Event early in 2009.
Please take the time to contact me at 0918-9386003 or firstname.lastname@example.org, to receive a copy of the current availability list and floor plans. Due to demand and acceleration of Phase II we encourage you to act promptly. We look forward to assisting you and welcoming you as a new Raffles Residences homeowner in the very near future.
RGV Real Estate Center, Inc.