Its strategic central location at the Araneta Center, the full backing of the Araneta Group and leading residential and office condominium developer Megaworld Corporation, and its status as a pilot project for Homelite, proved an irresistible mix for investors. As a result, Manhattan Garden City has already sold as of end-March 135 units out of 480, about 33 percent of Tower 2’s total inventory since it was launched only last February. Tower 1 was sold out last January.
"This is a phenomenal record in real estate sales," noted Megaworld Central Properties President Anthony Charlemagne Yu. "The various project components of Manhattan Garden City came together and really captured the attention of people," he added.
Homelite is a result of Megaworld’s close partnership with Security Bank. It offers the lowest interest rates in the market, going as low as 5.5 percent annually for a five-year term. It also has the longest period of fixed interest rate for 25 years, at 11 percent. This addresses the need of the middle-income market and of foreign-based Filipinos for affordable home loan facilities.
"These are the lowest interest rates in the market today. We also have payment plans that offer low monthly amortization. Of course, with Megaworld’s strong track record as a reliable property company definitely makes Manhattan Garden City a top choice for investors, homebuyers and overseas Filipinos," Yu declared.
First-time homebuyers need not break their monthly budgets. With Homelite, they can stretch their home loan to 10 and even 25 years to pay, with low interest rates from 8.5 -11 percent annually. At that rate, the 22.5-square meter studio unit comes out at a very affordable P10,847 monthly. "The one bedroom and two bedroom units are also highly affordable with Homelite. These units are ideal for families who are just starting out, or for up and coming young executives who need more room," he added.
To find out how you can take advantage of Homelite’s very low interest rates now, visit the Manhattan Garden City showroom at the 3rd level of Gateway Mall. You may also call 810-3333 or email inquire@themanhattangardencity.com.