[ bworldonline.com ]
By Mark Louis F. Ferrolino Special Features Writer
HIGH-END developer Shang Properties, Inc. launched an exclusive resort-inspired condominium in Mandaluyong City — the Shang Residences at Wack Wack.
The towering 50-storey residential project is located on a 3,361-square-meter (sq.m) lot right across the Wack Wack Golf and Country Club.
Susan Lee Yu, sales director of Shang Residences at Wack Wack, told BusinessWorld in an interview that the focal feature of the condo is the lush green view of the iconic country club complex.
With its resort-style vibe, she said Shang Residences at Wack Wack is “a sanctuary in the city.”
The condominium offers a total of 460 units ranging from one bedroom, and two or three bedrooms, as well as a penthouse consisting of duplex units. Unit sizes start at 81.45 sq.m.
Amenities include steam and sauna rooms, a fully equipped gym, resort-style swimming pools, indoor and outdoor play zones, mini theater, pavilion, and spacious multi-function rooms.
The high-end condominium also features a grand lobby, an exclusive entrance and driveway, and five basement parking levels with about 460 slots.
In terms of security, units will have an intercom with direct link to the lobby receptionist, a CCTV monitoring system at the lobby elevators and amenities floor, magnetic lock access card for residential and carpark elevators, and a centralized fire detection and alarm system.
The project’s prime location allows for easy travel to and from key cities, including San Juan, Pasig City, and Makati City. Manila and Quezon City can also be accessed easily via the nearby major thoroughfares.
Unlike other condo projects, Shang Residences will not have any commercial spaces within its premises. There are nearby shopping and entertainment centers, as well as schools, universities, and medical centers.
The Shang Residences at Wack Wack broke ground last year. Turnover of units is expected by 2022 or 2023.
Ms. Yu said that Shang Properties is known for maintaining high quality standards in its projects.
“What differs us from others is the finishes and the quality that we deliver,” Ms. Yu said. “Our bosses are very particular with finishes and choices of materials.”
Meanwhile, Milen G. Treichler, marketing director of Shang Properties, told BusinessWorld in a separate interview the property firm is optimistic about the business prospects in the Philippines.
“Real estate is very exciting industry, and we’d like to be head and shoulders above the rest. If you notice the quality of our developments, we try to give very nice amenities, we try to give things that most people would want, such as very very nice views and well-designed luxury units,” Ms. Treichler said.
She said Shang Residences at Wack Wack is just one of the new projects they have. “Soon, we will be launching more projects,” she added.
When asked why Shang Properties is not as aggressive as other developers in growing its portfolio, Ms. Treichler said it is because they move slowly but surely.
“We spend a lot of time preparing and designing our projects,” she added.