New high-rise condo by Alveo to rise in Makati CBD

Alveo Land, Corp. has recently launched PArkford Suites Legazpi, a 35-story residential condominium, located across the Legazpi Active Park and Washington Sycip Park in Legazpi Village, and the most expensive condominium project for Alveo.

Alveo Chief Operating Officer Rufino S. Gutierrez said Parkford Suites Legazpi offers a “rare parkside living experience” within a central business district.

“The location is very prime… (But) really what attracts our buyers here is the park, the proximity to the beautiful parks,” he said in a briefing at the Alveo office in Bonifacio Global City last October 25.

The new high-rise is on a 2,156 square meter (sq.m.) lot and is only 500 meters from the Asian Institute of Management, 600 meters from Greenbelt, and one kilometer’s walk to the Ayala Museum.

Gutierrez also added, “in terms of privacy and exclusivity, it only has 163 units and within your floor, there are only seven units… We only offer bigger units.”

Parkford Suites Legazpi will offer two-bedroom units sized from 125 sq.m. to 142 sq.m., and three-bedroom units sized from 180 sq.m. to 181 sq.m. All three-bedroom units will also have park-facing balconies from the living room. The penthouse floor will only have three units, and all three will have views of the two parks.

“This is the most expensive condo for Alveo at P370,000 per sq.m. or an average of P55 million per unit. A two-bedroom is P46 million, a three-bedroom is P66 million… The penthouse units are P80 million each,” Gutierrez said.

The most expensive unit at Parkford Suites is the bi-level three-bedroom unit (320 sq.m.) which is located on the 12th floor. It has a P140-million price tag and was one of the first few units sold.

“Within the units, windows are floor to ceiling… Imagine the panoramic views from your unit. If you have the three-bedroom unit, the balcony railing is glass,” Mr. Gutierrez said.

All units will have ensuite bathrooms for all bedrooms, a walk-in closet in the master’s bedroom, a double-sink master’s bathroom, and a powder room for guests. The building will also have 100% back-up power in case of emergencies.

Amenities such as a lap pool, wading pool, function rooms, a play area, and a gym are also available and located on the 12th floor.

The turnover for the condominiums will not be until 2026 but so far, the demand for Parkford Suites Legazpi has been strong.

“Total sales value of the building is P9 billion, and we sold P2 billion already,” Gutierrez said.