MANILA, Philippines — Local real estate expert Robinsons Land Corp. (RLC) and international property development leader Hongkong Land (HKL) have entered into a joint venture for the development of a 45-story luxury condominium along C5 Road.
Called The Velaris Residences, the project will be undertaken by the joint venture company RHK Land Corp., which will feature a distinctive concrete-and-glass look, metallic bronze and rose gold façade, an iconic look that is a hallmark of Hongkong Land.
A major listed property investment, management and development group, and a member of the Jardine Matheson Group, HKL owns and manages more than 850,000 sqm. of prime office and luxury retail property in key Asian cities, principally in Hong Kong, Singapore, Beijing and Jakarta, as well as high quality residential, commercial, and mixed-use projects under development in cities across Greater China and Southeast Asia. Among its notable projects in the Philippines are premium properties One Roxas Triangle and Two Roxas Triangle in Makati, and Mandani Bay, a premium waterfront development in Cebu.
The Velaris Residences is the first project to be undertaken by RHK, showcasing the two proponents’ shared vision and experience, and is the forerunner of other developments that the joint venture will undertake in the Philippines. It will be launched on Feb. 21, and is seen to transform the C5 corridor upon its completion in 2024.
Located within Bridgetowne, RLC’s 31-hectare vibrant and master-planned mixed-use township that spans Pasig and Quezon City, The Velaris Residences lies within one of the most dynamic districts in the metropolis. It aims to bring the lifestyle of the affluent in Hong Kong to Manila by introducing its intentional design philosophy, which considers the experience of the resident at each point of the design process.
“The Velaris Residences offers the best of two industry stalwarts – the solid track record and systems of Robinsons Land Corp., and the award-winning design of Hongkong Land – to build a landmark that will redefine the C5 growth corridor. The Velaris Residences represents a window of opportunity to invest in a luxury development in one of the most dynamic geographies in Metro Manila,” said Henry Yap, president of RHK Land Corp.
With access points through C5 Road, Ortigas Avenue, and Amang Rodriguez Avenue, The Velaris Residences is within easy reach of commercial establishments and offices, which gives residents numerous options for life and work integration. Moreover, a 200-meter long bridge within Bridgetowne that crosses the Marikina River, designed using state-of-the-art construction technology ensures that its residents enjoy quick and uninterrupted urban connectivity.
“The Philippine property market is one of the most exciting markets in Asia, and we are delighted to be part of it and to bring the innovations and design excellence that Hongkong Land is known for. Through our partnership with Robinsons Land Corp., we have no doubt that we can duplicate our global successes in the Philippines through The Velaris Residences,” said Robert Wong, chief executive of Hongkong Land.