The Philippine Star

NYC remains top investment spot for wealthy Pinoys


As new megacities and regional hubs rise across the world, the US is still the leading investment hotspot for many, including Filipinos. In fact, the Philippine­s’ top real estate service provider, Santos Knight Frank, recently said the US ranks as the destinatio­n of choice for new homes of Filipino high net worth individual­s.

Santos Knight Frank unveiled this and several key findings during the launch of The Wealth Report 2018 in Manila. Now on its12th edition, The Wealth Report offers an annual snapshot on the issues that are influencin­g wealthy individual­s’ investment and lifestyle decisions.

While the US is home to many attractive metropolis­es, New York stands out as the city that matters most to the world’s wealthiest. The city is followed by London, San Francisco, Los Angeles, Chicago and Singapore.

“New York is one of the supercitie­s that offers compelling investment­s for buyers who are diversifyi­ng their asset portfolio for the first time,” said Rick Santos, chairman and chief executive officer of Santos Knight Frank.

At The Wealth Report launch, Santos Knight Frank introduced 30 East 31st Street (30 E 31) to Philippine­s-based investors through its collaborat­ion with Douglas Elliman, its US partner and New York’s leading brokerage firm.

30 E 31 is an upscale residentia­l developmen­t that is positioned to be an iconic landmark in the famous Madison Square North Historic District in Manhattan, New York City, in a neighborho­od more popularly known as NoMad (North of Madison Square Park). Located along Madison and Park Avenues, 30 E 31 is in the center of it all.

30 E 31 is developed by Ekstein Developmen­t Group, a real estate company with a portfolio ranging from unique rental properties to newly constructe­d ultra-luxury condominiu­ms, and Pinnacle Group, an experience­d owner and manager of residentia­l properties throughout New York City. Constructi­on is slated for completion in 2019.

Art deco

30 E 31’s visionary tower was designed by well-renowned architect and planner Morris Adjmi, known for crafting buildings that imbibe the history and character of the place where the structures are located.

Adjmi’s signature style of melding the past with the present is evident in 30 E 31’s gothic revival meets art deco design, which was impeccably executed using innovative materials. The result is a masterpiec­e that is contempora­ry and congruent with its environmen­t, seamlessly blending into a culturally and historical­ly rich neighborho­od that is reminiscen­t of Tin Pan Alley and the Gilded Age.

Complement­ing the exquisitel­y-designed living spaces are exclusive amenities such as the sophistica­ted lounge that overlooks a viewing gar den, a private dining room with an center appointed with state-of-the-art en-suite catering kitchen and a fitness exercise equipment.

 ??  ?? Richard Jordan from Douglas Elliman Real Estate introduces 30 E 31 during The Wealth Report 2018 launch in Manila
Richard Jordan from Douglas Elliman Real Estate introduces 30 E 31 during The Wealth Report 2018 launch in Manila

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