Primex Realty Corp. to open Makati residential project by end of 2015

PROPERTY developer Primex Realty Corp. said it will open its residential development in Makati City by the end of the year.

The company announced last week it recently had its topping off ceremony for its Stratosphere project, a 31-storey residential condominium along Valero Street in Salcedo Village, Makati.

The said project was designed by R. Villarosa, Architects and Partners, offering a total of 336 residential units primarily studio-type units, and one to three bedrooms with floor areas ranging from 25 to 201 square meters.

The Stratosphere project is the latest offering of Primex Group, which is majority owned and controlled by the Ang family.

Primex develops residential and commercial projects targeting the high-end and middle-class markets.

Karlvin Ang, the company’s managing director, said the company will embark on a more aggressive development in the coming months.

“We are strongly encouraged by the local and foreign investors given the strengthening of the local real-estate industry. We are keeping ourselves open to opportunities for joint ventures, acquisitions and capital enhancement exercises at the soonest possible time,” he said in a statement.

Among the projects of the group include horizontal developments such as Goldendale Village I and II, and Gardenville Townhomes in Malabon and Richdale in Antipolo City.

Meanwhile, the company’s vertical developments include the Richbelt Terraces in Greenhills, Greenrich Mansion in Ortigas Center and the Chantreuse Garden and the Philippine International Trade Center office building in Makati City.

“Each of these has matured and gradually grown into distinct communities—home to families and businesses. These projects are now an integral part of the landscape in the key areas of the metropolis,” Ang said.

Primex also has a joint-venture project known as the Xiamen World Trade Center, a mixed-use development sitting on a 2-hectare property in Xiamen, China. It is home to global retail giants Walmart and Printemps Department Store.

VG Cabuag

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