Aseana unveils MidPark Towers amid recouping real estate industry
As the segment of real estate was also hit by the global health crisis, incurring billions of losses during the two-year battering of the Covid-19 pandemic, it’s good to know that the said industry is regaining its footing, making most stakeholders unveil the newest edifice suitable for all Filipinos.
In a statement, Aseana Residential Holdings Corp. (ARHC)’s, the residential arm of D.M. Wenceslao and Associates Inc., said its newest development, MidPark Towers, answers the need of every Filipinos for a residential estate with world-class amenities and a generous home layout.
MidPark Towers is a four-tower residential estate located at the heart of Aseana City — the bay area’s emerging Central Business District, more than ready to fill the market need as the recent residential projection by Colliers estimates a total of 10,500 units being up and available in the market by end of 2022.
The said development follows the architectural vision of ARHC in redefining city living which dons the community with a pedestrian-friendly landscape with accessible connectivity to key transit points such as NAIA Expressway (NAIAx), LRT Line-1 Extension, and the Parañaque Integrated Terminal Exchange (PITx).
Also, its prime location allows for accelerated mobility as it will be connected to key developments inside the community such as Parqal, Aseana City’s biggest linear mixed-use development, 8912 Aseana Ave., a two-tower office building, Ayala Malls Manila Bay, the biggest mall in the Ayala Malls portfolio, and St. John Paul II Chapel.
Positive outlook
ARHC’s latest offering relies on the positive outlook being perceived in the real estate industry, as more people return to onsite work and are looking for well-developed and accessible residential areas to live closer to their work
To recall, movements of people are seemingly going back to normal as the Fiscal Incentives Review Board recently ordered a return-to-office or on-site work arrangement for registered business enterprises and outsourcing firms boosting consumer confidence in the residential property market.
On the other hand, professional services and investment management company Colliers Philippines also noticed optimism across various property segments, while consumer confidence is seeing a boost.
According to their recent Quarterly Residential Property Market report, residential vacancy rates are declining in Metro Manila as quarter one 2022 reported a 17.8 percent vacancy rate with the succeeding quarter two projected to have a 17.2 percent vacancy rate after it skyrocketed to a recordhigh in 2020 due to pandemic.
MidPark Towers is easily set apart from other residential developments as it offers spacious and livable units that exude comfort, functionality, and gracious living.
Redefining city living
MidPark Towers in Aseana City offers a total of 699 large format units spread across four towers.
“We are following our vision of creating safer homes and breathable communities for our residents to enjoy. MidPark Towers is inside a master planned community that complements the rest of the offerings we have in Aseana City,” shared Buds Wenceslao, CEO of D.M. Wenceslao Group of Companies.
Interested buyers can choose from MidPark Towers’ unit layouts that range from 40 sqm+/- for a studio unit, 52 sqm+/ for a one-bedroom unit, 80 sqm+/- for a two-bedroom unit, and 120 sqm+/- for a three-bedroom unit.
MidPark Towers is easily set apart from other residential developments as it offers spacious and livable units that exude comfort, functionality, and gracious living.
For more than 20 years, ARHC has been redefining the real estate industry, through its quality residential developments taking pride in its sustainable, low density, and large format living spaces that are strategically located inside a master-planned community.