Ortigas reports P3.6-B sales from luxury condominium

ORTIGAS & CO. on Wednesday said it generated P3.6 billion in sales from its newly launched luxury residential tower in the Greenhills area.

In a statement, the property developer said it saw a 51% sales take- up for the Connor in just 10 hours during a launch event for priority customers.

“We are elated with the reaction of the market towards Connor. This proves how customers continue to see Greenhills as one of the most ideal areas in Metro Manila to live in not only because of its legacy as a top lifestyle hub, but also for the exciting transformation it is undergoing,” Senior Vice President and Chief Operating Officer Thomas F. Mirasol was quoted as saying in a statement.

Of the 970 units occupying the tower’s 47 floors, Ortigas said 494 are now sold. Of the sold units, 184 are serviced residences, which comprises 85% of the 216 serviced apartments for sale.

Ortigas has tapped local serviced apartment firm Hospitality Innovators, Inc. to operate the serviced residences.

Units inside The Connor range from studio type with a size of 27 square meters (sq. m.) to threebedroom units with a size of up to 120 sq. m. At P129,000 per sq. m., unit prices range from P3.1 million to P21 million.

Ortigas targets to break ground for the project in the last quarter of 2017. Construction is expected to take a total of five years.

The Connor is the second luxury tower set to rise alongside the P60-billion redevelopment of the Greenhills estate.

Prior to its launch, Ortigas has already started turning over units in The Viridian, the first luxury tower with a higher price point in the area.