PROPERTY developer Ortigas Land Inc. on Tuesday launched its P16-billion residential tower for the Galleon development, which will be the company’s priciest project to date.
Company President and CEO Jaime E. Ysmael on Tuesday said the Residences at the Galleon is part of the second phase of The Galleon, the only remaining mixed-use development in the Ortigas business district.
It will have 51 floors with 43 residential floors, one amenity floor, five floors of podium parking, two floors of podium retail and 43 retail units. Unit sizes range from one-bedroom, two-bedroom,and Penthouse units, spanning from 69 to 411 square meters.
The price ranges from P24 million to P46 million for the one- and two-bedroom units, and between P102 million and P162 million for the Penthouse units.
“The project is located along ADB Avenue and strategically located at the heart of Ortigas Center. The development has a close proximity to Edsa and Ortigas Avenue,” Ysmael said, adding that the building will have smart home features for residents.
Turnover of the project is by 2028.
Ortigas Land, a company owned by the Ayala and SM groups, first launched the office as part of the two-tower development in July last year, which costs about P11 billion.
The company said the project has been fully sold out.