CASA Infini Properties and Development Corp., the real-estate arm of Ray-Casa Group of Companies, has launched the Saleng Spa and Wellness Towers, it’s first luxurious residential condominium in Baguio City, which is expected to generate a total income of up to P1.3 billion for five years once completed by 2025.
In a recent press conference during their open house event held in Makati, Ray-Casa Chief Executive Officer and Chief Operating Officer Jianlyn Delos Santos Floresca bared that the entire project cost is P500 million.
Of the overall income projection, she said that around P1 billion will be coming from the combined sales of 50 one- and three-bedroom condo units upon their turnover in the first half of the next three years.
“We have allotted 30 percent of the project for amenities,” she said of top-of-the-line facilities intended for lease, service and accommodation. “It will be a yearly revenue for the property that will be made used by the buyers. We are really focused on such sustainable income.”
According to Ray-Casa Information technology and Property Consultant Imee Montemayor, the 8-story European-Cordilleran classic inspired luxurious spa and wellness condominium towers and residences has been already at its pre-selling stage since July 2022.
“So that’s already 32 percent sold,” she said of the current takeup on the high-end spa and wellness condominium project, with a total inventory of 72 units.
Saleng Spa and Wellness Towers will soon rise in a 6,257.29-square-meter (sq m) lot along Longboan Alley, Gibraltar, Baguio City. With its strategic location, it’s highly accessible to various establishments and near the famous tourist spots of the City of Pines.
The ready individually titled residential units span from 33 sq m to 69.62 sq m at a price range between P8.8 million and P22 million. Offering exclusivity, each of the six residential floors of the tower houses two three-bedroom and six one-bedroom units—all with a balcony—that will be delivered semi-furnished. Parking slots are also provided.
Unit owners will enjoy perpetual ownership and club membership that has access to its world-class amenities and services, such as spa and wellness center, fitness gym, sauna and steam baths, family jacuzzi, roof deck heated infinity pool, international cuisine restaurants, function and conference rooms, theater, music bar, premium branded retail stores and service providers.
“This is regarded as one of the showpiece projects of Casa Infini Properties and Development Corp. With its unique features and top-of-the-line architectural design, this luxurious mid-rise condo showcases the infusion of European and Cordilleran style that will surely highlight the elegance and cultural pride of the Cordilleran community,” Montemayor said. “We have sacrificed P380 million worth of sales just for us to provide these world-class amenities to the residents of this condominium tower.”
Mindful of giving back to the buyers, this project offers a real-estate program, wherein they can earn from selling or renting out their condo units and parking slots.
“It gives you a guaranteed income of P230,000 up to P1.2 million in just 20 months. So instead of putting your savings in the bank, you put it here. We now only have 40 condo units and 18 parking slots available. So it’s very good for investment,” Floresca stressed.