MANILA, Philippines - Century Properties and partner Trump Organization are on track to complete the 56-story Trump Tower at Century City in Makati by end December next year.
In an interview with The Star yesterday, Eric Trump, executive vice president of Development and Acquisitions for the Trump Organization, said he is pleased with the progress of the upscale residential development.
Trump, scion of American real estate developer and presidential hopeful Donald Trump, is in the country for a site visit.
“What we do, we build the best, it’s the best in the market and I’m very happy. The highest standards apply. It’s 99 percent sold …It’s just been a tremendous success,” Trump said.
Trump said the group could do more projects with Century Properties in the future.
As of the third quarter, construction of Trump Tower has already reached 49th floor. By yearend, it is expected to top off at 56 storys, ushering in the last phase toward completion and delivery by end 2016.
The Century Properties Group launched the luxury tower in 2012. It has over 250 units for residential use and an expected sales value of P6 billion, making it one of the most expensive and luxurious real estate projects in the country.
Robbie Antonio, Century Properties managing director said the Trump Tower marks the company’s entry into the luxury segment of the market.
“By bringing the Trump brand to the Philippines, Century Properties introduces a global standard of excellence, quality and high luxury to the country, making it a new international destination for luxury living,” Antonio said.
Antonio said the target market includes investors from the Philippines and overseas as well as end-users.
Unit sizes range from 60 square meters for the suite and 400 sqm for the penthouse.
The project will have a grand lobby, a fine dining restaurant, library and business center.
Trump Tower will be the latest addition to the Century City, which includes residential and commercial landmarks such as the Gramercy Residences, Knightsbridge Residences, Milano Residences, Centuria Medical Makati, Century Spire, Century City Mall and Forbes Media Tower.