The Residences at Greenbelt Outlines
Historic condominium loved by wealthy Filipinos
|Property information in 1 minute|
|Property Name||The Residences at Greenbelt|
|Area||Legazpi in Makati|
|Assumed Rent||1 Bedroom type(80 Sqm) 70,000pesos~|
|Number of Floors||48 floors|
The Residences at Greenbelt is a historic condominium completed in 2009, and is a home to many prominent local residents.
Location of The Residences at Greenbelt
Address: 71 Salamanca, Makati, Kalakhang Maynila, Philippines
Area Info: Located in Legazpi area of Makati. As the name “Greenbelt” in the building name, it is located right behind Greenbelt, the No. 1 luxury mall in the Philippines.
Surroundings: 1 minute walk to Greenbelt. Greenbelt is directly connected to another shopping mall, Landmark, which has a large supermarket, The Landmark Supermarket, and to Glorieta, a huge shopping mall for young people, making it a true shopping paradise.
There are a variety of Japanese restaurants in Greenbelt. There are a variety of Japanese restaurants in the Greenbelt, so it is unlikely that you will have any trouble finding a meal.
The Residences at Greenbelt Amenities
24-hour manned management, lobby, outdoor pool, gym, meeting rooms, parking, elevator, parcel delivery service
The lobby, gym, pool, etc. are all relatively empty.
The Residences at Greenbelt’s special features
- Many of the rooms are large: 1Bedrooms range from 70 to 90 square meters, and the volume zone for 2Bedrooms is 100 square meters or more, with no studio type rooms available.
- The age range of the residents is slightly higher: the majority of residents are in their 30s or older. Unusually for the neighborhood, there are many elderly people living here.
Between The Residences at Greenbelt
- Difficult to find properties for sale: It is rare for a property to appear on the market itself because of the high percentage of Filipino owners and the fact that most of them hold the property for a long period of time.
The Residences at Greenbelt Reviews
Gramercy Residences is a mega condominium with overwhelming name recognition.
This is a well-known old-fashioned brand name condo in the local area. It is well managed and in very good condition compared to condos of the same age. The neighborhood is very safe and secure, making it a safe place to live for executives and those with children.
Capgain (gain on sale): Although the building is more than 10 years old, the price has been rising steadily every year. Although the rate of increase has slowed down compared to a few years ago, it is expected to maintain its high status as a famous brand condominium due to its overwhelmingly good location and the brand power of Ayala Premier.
Income Gain (Rental Income): Rents are high, starting at 70,000 pesos for a one-bedroom (1LDK) 80 square meter condominium. Some rooms exceed 200,000 pesos. Renters tend to be either expatriates of rigid companies or public institutions for company housing, or the more settled Filipino elite, and once they rent, they tend to stay for a long period of time.
Although property prices tend to be high due to the lack of small rooms and the fact that it is difficult to buy in the first place, data has proven that the condominium has continued to increase in value for more than 10 years, making it an easy condominium to manage stably.