MANILA, Philippines - Ortigas & Co., one of the oldest property developers in the country, has moved forward with the construction of its latest upscale project, the 64-story residential condominium Royalton at the Capitol Commons.
The property firm said it signed an agreement with D.M. Consunji Inc. for the structural and architectural works of the Royalton, making it Ortigas & Co.’s second residential project awarded to the construction firm.
“This tower is one of our masterpieces inspired from architectural icons across the world. The tower has character: no unit will be the same because the design team carefully planned out each line and contour that went into the blueprint,†said Joey Santos, general manager of the real estate division of Ortigas & Co.
“Royalton is a big challenge to us because if you look at the finished lines, each floor is not of the same di-mension, it’s like a wave,†said Jorge Consunji, president and chief operating officer of D.M. Consunji, which has a proven track record of more than 500 structures in its 50-year history.
The Royalton tower features an eye-catching sinuous figure that appears to gracefully flow with the wind and its curves come from the unit balconies, which provide proper air circulation and shade from the afternoon sun.
Ortigas & Co. expects P4 billion in sales from all 422 units of Royalton, which was launched in the fourth quarter of 2012. Each unit has a floor area ranging from 34-154 square meters, priced between P5.5 to 23.6 million.
“Since its preview in 2012, the Royalton has recorded robust sales, while continuing to pique the interest of investors and those in the hunt for prime property,†the property firm said, adding that big open spaces and access to premium shopping and retail establishments add value to the project.
Amenities and facilities in the residential tower include conference rooms, a fitness center, landscaped garden deck and a lap pool.
Royalton is the first condominium project in Ortigas & Co.’s Capitol Commons mixed-use development in Pasig City.
“The Royalton will come to life 2018 and it will signify the shared drive of the two companies towards excellence, and towards literally changing the Metro Manila landscape,†Santos said. Last year, Ortigas & Co. awarded to D.M. Consunji the contract to build the 53-story upscale tower Viridian in Greenhills.
Capitol Commons is a P25-billion masterplanned development at the historic site of the former Rizal Provincial Capitol. It will feature a total of five residential towers, an upscale mall and an entertainment complex.