Robinsons Land to build P4-billion twin tower designer condominium

Robinsons Land Corp. (RLC), the property arm of Gokongwei holding firm JG Summit Holdings Inc., is upping the ante in condominium living with its P4-billion two-tower Signa Designer Residences, the first and only designer urban haven in the country.

Located at the corner of Valero and Rufino streets in the country’s premier financial district, the 29-story Signa is RLC’s first foray in Makati City and second joint venture with Security Banking Corp.

At the launch of Signa  Monday night, Frederick D. Go, RLC president and chief operating officer, said the project will be offering not only luxury living but also a living work of art. 

Go said Signa will make available a total of 600 single, two and three-bedroom units ranging from 40 square meters to 94 square meters, priced at between P4 million and P12 million each.

Signa will be a collaboration of three world-renowned names in Philippine design and architecture – furniture and space designer Antonio “Budji” Layug, architect Royal Pineda and furniture designer Kenneth Cobonpue.

Go said construction of the project will begin late next year with the first tower slated for completion in 2015 and the second a year after or in 2016.

He expressed confidence the project would be warmly received by the buying public given its fresh concept and excellent location. “The challenge for us was to come up with a concept that would set us apart from the other residential condominium buildings in Makati,” he said.

Buyers have an option to buy semi and fully-furnished units just by adding P750,000 to P1.6 million depending on the finishing they choose.

Pineda’s works span the region, including The Trees in Bangkok; Grand Napalai in Phuket and The Copper in Kuala Lumpur.

Cobonpue won in 2005 Design for Asia Award of Hong Kong, Asia’s highest award, for his Lolah chair.  Among his clients include actor Brad Pitt and Warner Brothers. Layug, on the other hand, is known all over Asia and United States with his bamboo furniture.

The first tie-up between RLC and Security Bank is Bloomfields Davao, a 10-hectare upscale residential and commercial center which is only 15 minutes away from downtown and the Davao International Airport.

RLC is one of the country’s leading real estate developers in terms of revenues, number of projects and total project size. It is engaged in the development and operation of shopping malls and hotels, and the development of mixed-use properties, office and residential buildings, as well as land and residential housing developments, including socialized housing projects located in key cities and other urban areas nationwide.

Over the next two years, RLC has earmarked a combined P10 billion to complete the construction of ongoing and future high-rise residential projects which include the first tower of Signa, the second tower of Sonata Private Residences in Ortigas Center, the second tower of Trion towers in Bonifacio Global City, an additional building in Woodsville and the first tower of the Magnolia Residences.

Magnolia Residences is envisioned as a self-contained community located in a five-hectare property in New Manila.

For fiscal year 2009, RLC has allotted P8.7 billion for its total capital expenditures, 38 percent of which is going to residential buildings, 37.7 percent for commercial centers, 14.4 percent for office buildings, 6 percent for housing and land development, and 3.9 percent for hotels.