THERE is a popular notion that investing in a high-end condominium will be led by speculative buyers. However, Bayswater Realty wants to implement a paradigm shift through its 27 Annapolis project in Greenhills.
“We want to make sure that we will develop the building’s synergy with the needs of a growing family,” said Andie Ngan, chief executive officer of Bayswater Realty, in a recent interview for the Property section of the BusinessMirror.
As a developer, Bayswater wants to establish communities and develop the sense of belongingness that will make people come back and visit the place. Thus, the thrust was geared to attract buyers that will be full-time residents of the project.
With speculative buyers dominating the landscape, Ngan noted a project could not possibly build a true community because owners will just lease their units to interested parties. As a result, Ngan said the project becomes a ghost town because it is only the investors who often go to the project.
Ngan said 27-Annapolis will give the buyer his money’s worth. Studio units will have a spacious 40-square-meter size, two-bedroom units will come in a 116-sq-m size and the three-bedroom units will have 157 sq-m size with its own private bathroom, maid’s quarter and powder room.
Moving forward, Ngan said Bayswater’s vision is to develop “a rich variety of quality projects, which evoke memorable experiences of the past and promises of a bright future.” The company will emphasize values that will provide them a healthy environment and enable them to reach their full potential.
The units in of 27 Annapolis will have a price of P135, 000 per square meter. Ngan said 30 percent of the units have been sold out. The studio units have emerged as the most popular among the buyers. The 45-story project will have a total of 190 units. 27 Annapolis offers first-class amenities for its residents, including a grand lobby; three high-speed elevators with key-card access; driver’s lounge; 100-percent power backup generator; Professional property-management team; closed-circuit television in major security areas; fire-alarm systems; pressurized fire-escape stairs; garbage pick-up on residential floors; Exhaust systems in the kitchen and bath centralized mail room; underground cistern water tank; water reserve tank; double-glazed floor-to-ceiling windows; and sunlight and airway access from every room.
Although the initial stages were challenging in developing the vertical housing project, Ngan said she was fortunate the company had a great team led by premier architect William Coscolluela and his son Gil of WV Coscolluela & Associates. “Their expertise provided lot of important things to the success of the project,” Ngan said.
Other partners include the Design Coordinates Inc. (project-management group), Megawide Construction Corp. (general contractor), RS Caparros Associates (engineering) and Larry Lau and Wilson Keng (Feng Shui Masters).“We want to target buyers who will live there. That’s the vision of the company. We will build a way so that families will live there,” Ngan said.
Bayswater started conceptualizing the project in 2013. Right now, the project is 90-percent complete.