For Sale 3-Bedroom

Best Buy: Star Centrum Three Bedroom Unit along Prime Commercial Sen Gil Puyat Avenue

STAR CENTRUM (Cityland VI)
317 Sen. Gil Puyat Avenue, Bel-Air, Makati City

Star Centrum, formerly known as Cityland VI sits on a 1,591 square meter of prime commercial lot along Sen. Gil Puyat Avenue and Malugay Street in Barangay Bel-Air. This decades-old residential property is home to a little over 120 households. Its underground and ground floor were occupied as commercial spaces.

THE UNIT
Bought in 2007 from Eastwest Bank, it was totally updated and renovated with new flooring and redesigned from its 3-bedroom configuration to a small office home office (SOHO) as it is being used today by its owner. This 93.94 square meter 3-bedroom unit’s convenient location makes it one of the very rare piece of real estate that is almost kept secret in the market.

THE REAL VALUE
Selling at Php5.5M, the value that it possess does not come from its current status as a 3-bedroom residential but from its current fair market value as it is in one of the prime location: Sen. Gil Puyat Ave. From the records of BIR RDO 49, the zonal value of Star Centrum is pegged at Php38K per sqm. But commercial regular is at Php150K per sqm.

This unit is equivalent to a share of 43.26 sqm or 1.49% of the total land area of the building. This 3-bedroom unit is actually worth more than Php6.5M based only on its outdated zonal value. An adjacent lot with 5,202 was sold at least Php780M in 2010 by Buenamano of BPI or around Php150K per sqm.

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For more information on how to invest in this property, call +63 906 213 2600 or send email at regie@lemontree.com.ph.

Warehouse

Warehouse in Alcala, Pangasinan near SM Rosales : RUSH SALE!

Rush Sale: Warehouse in Alcala, Pangasinan near SM Rosales

Alcala is a third class municipality in the province of Pangasinan. It has a population of 41,077, according to the 2010 census with a land area of 5,508 hectares. Alcala holds a world record for the longest grill measuring about 3 kilometers (9,840 ft).

Property Details:
Lot Area: 6,590 square meters
Selling Price: Php11,500,000.00
Current Income: Php25,000/month from warehouse leasing
Title is currently under mortgaged with Producer’s Bank for Php1.5M.

It consists of 3 main structures/improvements. A school building consisting of 8 school rooms and 2 faculty rooms. A 2-phase warehouse structure with a floor area of 300 square meters. And a bungalow-type two-bedroom house with 1 toilet and bath.

The property houses the former Morning Star Learning Center, a private elementary education which operated for 3 years.

Best For:
Private Resort
Agricultural warehouse
School
Residential development

Distance (approximate):
Alcala Municipal Hall – 1.8 kilometers
SM Rosales – 12.3 kilometers
Bayambang, Nueva Vizcaya – 7.9 kilometers

Zonal Value

New Zonal Value of Properties covering RDO 50 South Makati (Urdaneta Village)

The smallest barangay to complete Cluster 1 or Central Cluster is Barangay Urdaneta with a total land area of 0.7399 square kilometers.  It is one of the first centrally planned communities together with Forbes Park, San Lorenzo and Bel-Air which was established in the 1950s by the Ayala Family. Originally, Urdaneta and Bel-Air is form part of a single village called “Beldaneta”.

The barangay is bounded by the roads of EDSA, Ayala Avenue, Makati Avenue, and Buendia Avenue. Its bounding barangays are Bel-Air (north and west), San Lorenzo (south), and Forbes Park (east).

Its primary use is considered purely residential same with Barangay Dasmariñas. Its main revenue source comes from real property tax and internal revenue allotment. The Mandarin Oriental and the Peninsula Hotel the noticeable establishments in the area.

Source: http://www.makati.gov.ph/portal/main/index.jsp?main=33&content=0&menu=0

Name of Building Residential Commercial Parking
Atrium of Makati 100,000 110,000 77,000
Discovery Primea 250,000 300,000 180,000
Le Parc Apartments 100,000 110,000 77,000
One Roxas Triangle 195,000 234,000 164,000
Pacific Plaza Ayala 125,000 150,000 105,000
Somerset Olympia Makati 100,000 110,000 77,000
The Makati Tuscany 112,500 138,000 97,000
The Ritz Towers 120,000 142,000 99,500
The Twin Towers 150,000 180,000 126,000
Urdaneta Apartments 120,000 144,000 101,000
Zuellig Buildinig 230,000 150,000

Notes:

  1. All condominiums were already identified, thus there are no condominiums to be classified as “Other Condominiums” as of 7th Revision, Developer/Owner of condominium project built after the effectivity of this revision shall request for assignment of zonal values (ZV) from the members of the Technical Committee of Real Property Valuation (TCRPV).
  2. ZV for penthouse is 110% of CC, or in the absence thereof, 110% of RC.
Zonal Value

New Zonal Value of Properties covering RDO 50 South Makati (Forbes Park Village)

Barangay Forbes Park, which was established in early 1940s, is one of the first villages to be developed by Ayala Corporation. It was named after an American Governor-General assigned in the Philippines – William Cameron Forbes.  It has a land area of 2.5 square kilometers with a population density of one (1) person per 1,000 square meters. Based on the 2010 Census of Population, Forbes Parks has 2,533 residents.

Purely residential in use, Forbes Park is considered as one of the oldest settlement in Makati and is renowned to be the home of the Philippines’ flushest families and well-known diplomats and expatriates business executives. Famous landmarks of Barangay Forbes Park include the following: Manila Golf Club, Manila Polo Club, Santuario de San Antonio Parish, San Antonio Plaza Arcade, Kasiyahan Homes, Manila Polo Townhouses, and the more than a hundred century old Acacia Trees.

Source: http://www.makati.gov.ph/portal/main/index.jsp?main=19&content=0&menu=0

Name of Building Residential Commercial Parking
Kasiyahan Condominium 205,000 143,500

Notes:

  1. Developer/Owner of condominium project built after the effectivity of this revision shall request for assignment of zonal values (ZV) from the members of the Technical Committee of Real Property Valuation (TCRPV).
  2. There is no commercial and business establishment in Barangay Forbes Park
Zonal Value

New Zonal Value of Properties covering RDO 50 South Makati (Bel-Air/Salcedo Village)

New Zonal Value of Properties covering RDO 50 South Makati (Bel-Air/Salcedo Village)

Effective December 28, 2016, new zonal values for properties covering Revenue District 50 South Makati including Salcedo Village had been imposed.

Name of Building Residential Commercial Parking
139 Corporate Center 100,000 78,000
6797 Ayala Avenue (SLC Building) 225,000 145,000
88 Corporate Center 106,000 75,000
ACCM* 100,000
ACI Group Building 190,000 133,000
Shang Salcedo Place  167,000 200,000 140,000
ACT Tower 75,000 52,500
Adamson Center 75,000 52,500
Aguirre Building 75,000 52,500
Alfaro Place (Cityland VII)  65,000 75,000 52,500
Algo Center (Champaca II) 75,000 52,500
ALPAP I Building 75,000 52,500
Alpha Salcedo  80,000 96,000 67,000
Antel Corporate Center 100,000 70,000
Antel Platinum Tower  85,000 100,000 70,000
Ateneo Professional Schools 100,000
Athenaeum Building 75,000 52,500
Avignon Tower  85,000 102,000 71,500
Ayala Life-FGU Center 230,000 150,000
Ayala Triangle Tower 1 & Exchange Plaza 230,000 150,000
BA Lepanto 100,000 70,000
Banco de Oro Plaza (now First E-Bank Condo Corp) 100,000 70,000
BDO Corporate Center North Tower 120,000 84,000
BDO Corporate Center South Tower 120,000 84,000
BDO Equitable Tower 125,000 87,500
BDO Parking 100,000
BPI Card Center 100,000 70,000
Cambridge Center 75,000 52,500
CCH Building  (demolished, now used as parking lot)
Centrum II  65,000 75,000 52,500
Chatham House 80,000 56,000
Church of Jesus Christ 100,000
Citadines Salcedo Makati 150,000 180,000 126,000
Citibank Center 100,000 70,000
Citibank Tower 110,000 77,000
Cityland 10 Tower 1 55,000 42,000
Cityland 10 Tower 2 65,000 42,000
Cityland Herrera Tower 65,000 42,000
Classica I 75,000 80,000 56,000
Classica Tower 80,000 100,000 70,000
Cocolife Building 230,000 150,000
Cordova Condominium 65,000 80,000 56,000
Cosmopolitan Tower 65,000 80,000 56,000
Country Space I 80,000 56,000
Crown Tower 110,000 130,000 91,000
Don Chua Lamko 80,000 56,000
Easton Place 75,000 80,000 56,000
Elizabeth Place 132,000 161,000 113,000
Euro Villa III 65,000 75,000 52,500
Finman Center (Merchant’s Bank Center 80,000 56,000
Forbes Tower (Fraser Place) 135,000 150,000 105,000
Four Seasons Salcedo 135,000 150,000 105,000
Gercon Plaza 120,000 84,000
GF & Partners 100,000 70,000
Global Enterprises Building 100,000 70,000
Globe Telecom Valero Telepark Building 80,000 56,000
Grand Soho Makati 100,000 125,500 88,000
Grand Tower 70,000 80,000 56,000
Heart Tower 75,000 80,000 56,000
Infinity Tower (Somerset Salcedo) 135,000 150,000 105,000
Insular Life 160,000 112,000
Int’l Baptist Church of Manila 100,000
Island Plaza 100,000 120,000 84,000
Jewish Synagogue 100,000
KPMG Center 225,000 150,000
Le Domaine 110,000 135,000 94,500
Le Grand 75,000 80,000 56,000
Le Metropole 75,000 80,000 56,000
Le Triomphe 75,000 80,000 56,000
L’Ermitage 75,000 80,000 56,000
Liberty Center 100,000 70,000
Liberty Plaza 80,000 56,000
Liroville Apartments 90,000 100,000 70,000
LKG Tower 200,000 140,000
LPL Center 75,000 80,000 56,000
LPL Manor 75,000 80,000 56,000
LPL Mansions 75,000 80,000 56,000
LPL Plaza 75,000 80,000 56,000
Lyceum of the Philippines (SDC) 100,000 70,000
Makati Executive Center 70,000 50,000
Manhattan Square 115,000 138,000 97,000
Mareic Building 120,000 150,000 105,000
MJ Plaza ([24]/7 Building) 75,000 80,000 56,000
Mondragon Building 80,000 56,000
MSE Building 150,000 105,000
Multinational Bancorporation Center 150,000 105,000
National Development Company 80,000 56,000
Nobel Plaza 75,000 80,000 56,000
One Central 155,000 200,000 140,000
One Lafayette Square 101,500 123,500 86,500
One Pacific Place 120,000 140,000 98,000
One Salcedo Place 100,000 120,000 84,000
Orient Mansion 75,000 80,000 56,000
OSG House 70,000 50,000
Parc Regent 75,000 80,000 56,000
Parklane 75,000 80,000 56,000
Paseo Center 150,000 105,000
Paseo Parkview Towers 100,000 125,000 87,500
PBCom Tower 230,000 150,000
PCCI Corporate Center 80,000 56,000
PDCP Bank Center 80,000 56,000
Peak Tower 75,000 80,000 56,000
Philamlife Tower (Paseo de Roxas) 190,000 133,000
Philamlife Tower (Philamlife Salcedo) 100,000 70,000
Plantersbank Building 120,000 84,000
Plaza Royale 75,000 80,000 56,000
Ponte Salcedo 75,000 80,000 56,000
Prince Tower 75,000 80,000 56,000
RCBC Plaza 230,000 150,000
Robinsons Summit Center 230,000 150,000
Sagittarius Condominium 60,000 70,000 50,000
Salcedo Mansions 75,000 80,000 56,000
Salcedo Park Twin Tower 80,000 100,000 70,000
Salcedo Square 165,500 200,000 150,000
Salcedo Tower 100,000 120,000 84,000
SB Card Center 80,000 56,000
Shell House 85,000 60,000
Smart Tower 230,000 150,000
Solar Century Tower 90,000 63,000
Splendido Gardens Salcedo 80,000 96,000 67,000
Telecoms Plaza 100,000 70,000
The Pearl Bank Center 100,000 70,000
The Picasso Serviced Residences 135,000 150,000 105,000
The Regency at Salcedo 115,000 138,000 97,000
The World Center 130,000 91,000
Three Salcedo Place 100,000 120,000 85,000
Tiffany Place 110,000 130,000 91,000
Tower 6789 (Alphaland Makati Tower) 250,000 150,000
Trafalgar Plaza 70,000 50,000
Two Lafayette Square 80,000 100,000 70,000
Two Salcedo Place 100,000 120,000 85,000
UCPB Building 120,000 85,000
V Corporate Center 180,000 126,000
Vicente Madrigal Building 180,000 125,000
Valero 2 Carpark 80,000 56,000
Valero Plaza (Cityland IV) 60,000 65,000 45,500
Valero Tower 70,000 80,000 56,000
Vernida IV 70,000 50,000
Westgate Plaza 80,000 100,000 70,000
Y Tower 75,000 80,000 56,000
All Other Townhouses 100,000 70,000

Notes:

  1. All condominiums were already identified, thus there are no condominiums to be classified as “Other Condominiums” as of 7th Revision, Developer/Owner of condominium project built after the effectivity of this revision shall request for assignment of zonal values (ZV) from the members of the Technical Committee of Real Property Valuation (TCRPV).
  2. Zonal value for Parking Slot is 70% of the Zonal Value assigned to the condominium unit.
  3. Zonal Value for penthouse is 110% of Commercial Condominium, or in the absence thereof, 110% of Residential Condominium.
  4. When building that is purely Residential Condominium in the above list has Commercial Condominium, Zonal Value for Commercial Condominium will be 120% of Residential Condominium.