The Philippines’ luxury property market, long concentrated in traditional business enclaves, is expanding to new geographies, reshaping Metro Manila and its environs. Thanks to years of robust economic growth, new growth corridors have emerged within the city, creating new enclaves of prosperity.
This year, the bustling C5 growth corridor – long encircled by some of the country’s most exclusive private estates – welcomes an opulent entrant that would, no doubt, hasten the area’s gentrification. The Velaris Residences by RHK Land Corporation, a joint venture of local real estate expert Robinsons Land Corporation (RLC) and international property development leader Hongkong Land (HKL), is a 45-storey premium condominium development that would definitely redefine the eastern skyline with its distinctive concrete-and-glass look, metallic bronze and rose gold façade. Its iconic look is a hallmark of Hongkong Land, which brings its unparalleled expertise and global experience to The Velaris Residences.
A major listed property investment, management and development group, and a member of the Jardine Matheson Group, HKL owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong, Singapore, Beijing and Jakarta, as well as high quality residential, commercial, and mixed-use projects under development in cities across Greater China and Southeast Asia. Among its notable projects in the Philippines are premium properties One Roxas Triangle and Two Roxas Triangle in Makati, and Mandani Bay, a premium waterfront development in Cebu.
The Velaris Residences is the first project to be undertaken by RHK, showcasing the two proponents’ shared vision and experience, and is the forerunner of other developments that the joint venture will undertake in the Philippines. It will be launched on February 21, 2020, and is seen to transform the C5 corridor upon its completion in 2024.
Located within Bridgetowne, RLC’s 31-hectare vibrant and master-planned mixed-use township that spans Pasig and Quezon City, The Velaris Residences lies within one of the most dynamic districts in the metropolis. It aims to bring the lifestyle of the affluent in Hong Kong to Manila by introducing its intentional design philosophy, which considers the experience of the resident at each point of the design process.
More than that, The Velaris Residences offers unbridled growth opportunities by combining the strengths of two property powerhouses, while unlocking the property’s investment potential and optimizing its prime location in the country’s fastest rising growth corridor. The first of a three-tower development envisioned by RHK within Bridgetowne, it is seen to address investors’ demand as property prices in the area continue to rise, thanks to various infrastructure projects that will complement its growth. Two large infrastructure projects recently unveiled by the government – the Philippine Subway project and the MRT- 4 along Ortigas Avenue – will definitely lead to a surge in property values while ensuring ease of access for prospective residents.
“The Velaris Residences offers the best of two industry stalwarts – the solid track record and systems of Robinsons Land Corporation, and the award-winning design of Hongkong Land – to build a landmark that will redefine the C5 growth corridor. The Velaris Residences represents a window of opportunity to invest in a luxury development in one of the most dynamic geographies in Metro Manila,” said Henry L. Yap, president of RHK Land Corporation.
With access points through C5 Road, Ortigas Avenue, and Amang Rodriguez Avenue, The Velaris Residences is within easy reach of commercial establishments and offices, which gives residents numerous options for life and work integration. Moreover, a 200-meter long bridge within Bridgetowne that crosses the Marikina River, designed using state-of-the-art construction technology and indigenous ingenuity by Mañosa and Company, ensures that its residents enjoy quick and uninterrupted urban connectivity.
Despite these, The Velaris Residences offers utmost privacy and exclusivity to its tenants, occupying an entire block that separates it from other developments. It also sits across Bridgetowne’s verdant central park.
“The Philippine property market is one of the most exciting markets in Asia, and we are delighted to be part of it and to bring the innovations and design excellence that Hongkong Land is known for. Through our partnership with Robinsons Land Corporation, we have no doubt that we can duplicate our global successes in the Philippines through The Velaris Residences,” said Robert Wong, Chief Executive of Hongkong Land.
Amenities at The Velaris Residences complement its market’s lifestyles, and are several notches higher than those offered by similar developments in this class. Private lift lobbies—an amenity usually provided only to penthouse owners—is available for owners of two and three-bedroom units as well. For residents’ wellness needs, there is an onsen, a Japanese bathhouse suite of indoor and outdoor hot pools. For their entertainment pleasures, there is the exclusive SkyClub, consisting of interconnected spaces such as the SkyDeck, which offers sweeping views around the property.
Each unit comes with top-of-the-line smart home technologies, such as smart digital locks, and mobile app-controlled air-conditioning and lighting. Three bedroom and penthouse units are also equipped with smart mirrors.
Unit options include a 156 sqm three-bedroom and 105.5 sqm two-bedroom units, as well as one-bedroom units with sizes ranging from 46 to 81 square meters. Bi-level penthouse units are also available.
With The Velaris Residences breaking ground at C-5, the Philippines has definitely gone several notches higher as a luxury property destination in Asia.
Hongkong Land is a major listed property investment, management and development group. The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong, Singapore, Beijing and Jakarta. The Group also has a number of high quality residential, commercial, and mixed-use projects under development in cities across Greater China and Southeast Asia. In Singapore, its subsidiary, MCL Land, is a well-established residential developer. Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.
Robinsons Land Corporation
Robinsons Land Corporation (RLC) is one of the leading real estate companies in the Philippines and a member of one of the country’s largest conglomerates—JG Summit Holdings, Inc. RLC has a widespread portfolio that includes office buildings, full-service shopping malls, and varied class hotels across the Philippines.
As a major player in the industry, RLC is known as a reputable developer of mixed-use properties, residential condominiums and housing developments in key cities and urban areas nationwide. With close to three decades of experience in property development, RLC has grown into an industry leader that builds innovative and exceptional lifestyle spaces.