Space San Marcelino and Taft Break Ground
July 27, 2013 — Space San Marcelino and Space Taft held its groundbreaking ceremonies at their respective project sites.The groundbreaking ceremony began with the blessing of the site followed by the laying of the capsule and the pouring of cement.
Gracing the event was Honorable Vice President Jejomar Binay, who delivered an inspiring speech to cap off this significant milestone.
Also present during the ceremony were Major Homes chair Atty. Mario Oreta, Major Homes president Quinto Oreta and architects Terence Yu and Kenneth Uy of Vision Arch Inc.
Strategically located near the University Belt, hospitals, government offices and commercial establishments, Space represents an upgrade from the typical dormitory experience.
PLDT HOME, Major Homes partner to bring futureready technology to families
(From L-R): Elmer Castro (Head of Engineering and Construction, Major Homes), Gilberto Garcia (EVP, Major Homes), Quinto Oreta (President, Major Homes), Ariel Fermin Raul Alvarez (PLDT EVP and head of HOME business), and Raul Alvarez (PLDT VP and head of Home marketing support)
PLDT HOME, the country’s leading provider of advanced communi cation and multimedia services, recently entered a strategic partner ship with Major Homes, a fullservice real estate development com pany. The partnership will equip Major Homes’ Space Condormitels in Manila with Fibr, HOME’S most powerful broadband.
Backed by PLDT’s over 71,000 kilometers of future-ready fiber network, Fibr enables seamless, simultaneous streaming of high-definition content in all devices with its high-speed Internet, Clickplay movies-on-demand, and Cignal Digital TV channels.“Major Homes’ mission is to build happy communities where families live fully in quality living spaces. Our partnership with PLDT HOME allows us to offer more convenience to our unit buyers as moving in becomes easier for them. They will no longer have to undergo the hassle of finding and applying for a multimedia service provider because once they move in, their homes are future-ready,” said Quinto Oreta, Major Homes president.
“Connectivity is increasingly prioritized by those who purchase condominium units, which is natural given that condominiums are designed to offer convenience among its attractions. Unit owners want cable TV, landline, and broadband to be easily available to them when they move in. Through our partnership with Major Homes, each unit is now future-ready and fully connected, making each home a place to make the strongest family connections,” added Ariel Fermin, PLDT EVP and head of HOME business.
Shown sealing the strategic partnership are Quinto Oreta (3rd from left) and Ariel Fermin (4th from left). Also in photo are (L-R): Elmer Castro, Major Homes head of engineering and construction; Gilberto Garcia, Major Homes executive vice president; and Raul Alvarez, PLDT VP and head of HOME marketing support.
MANILA, Philippines – Whether it’s to ensure the survival of a firm or to secure a better life for an individual, an investment represents an intelligent, thoroughly studied move to entrust your hard-earned money on something of value.
So what makes an intelligent investment?
The real estate sector remains among the most practical and intelligent options as the value of property often increases over time, giving investors’ returns that are higher than expected. This holds true if your investment is placed with a reputable developer.
Take realty developer Major Homes, whose Space condormitels located in various key areas in Metro Manila promise to completely redefine and raise the known benchmarks on Philippine property investment.
With a total of three projects in the Space condormitel series, these developments allow future owners to rent our units on a per bed basis. This will give the Space projects a strong rental component that could guarantee good returns.
Rising 28 storeys, Space San Marcelino, Space Romualdez and Space Taft condormitel are combinations of condominium and dormitory units that will be operated as hotels. Each property will be built near educational institutions, commercial establishments, hospitals, government agencies and other places of interest.
“Space is a condormitel concept. It’s a condominium, dormitory and hotel that operates as one. It is a real estate asset for it is fully secured with a Condominium Certificate Title (CCT), can be leased out like a dormitory, and comes with service comparable to a hotel,” Major Homes president Jose Francisco”Quinto” Oreta V explained.
Each of the units will be fully furnished with a minimum of three beds and study desks, giving unit owners the freedom to have their own spaces rented out on a “per bed” and not “per unit” basis, as well as greater chances to earn better profit. Unit cuts at the Space range from 15 sqm. to 19 sqm.
According to Oreta, Space condormitels will particularly cater to students, BPO workers and transient residents seeking an upgrade from the typical bed space setting by giving them access to hotel like service, amenities and facilities.
“It’s a win-win situation for both investors and end-users. Through the condormitel, we are able to create for investors a profitable investment model for end-users, Space represents an upgrade from typical dormitory experience,” Oreta explained.
“Compared to other investments that are prone to theft and maintenance issues, Space condormitels will be managed for you and you will just wait for the returns,” Oreta said.
“Imagine, an investor purchasing a three-bedroom unit at a little over P1 million and can have it leased out at the rate of P4, 000 per bed. With its profit earning possibilities, a Space unit owner can maximize his yield on rentals, receiving as much as eight percent on return on investments, not to mention the asset value appreciation,” he further noted.
Future tenants of Space can meanwhile enjoy hotel-like amenities such as air-conditioned lobby, large garden, lounge benches and a sky garden.
The condormitel is likewise equipped with fire and smoke detection system, water reservoir, standby emergency power, security card key, centralized garbage collection, high-speed elevator, CCTV, study hall, retail outlets- all of which would help ensure a convenient and secure living experience.