drbubb Posted April 9, 2019 Author Report Share Posted April 9, 2019 RISE: 186k /sqm vs 210k /sqm (per Dotproperty) Makes sense - though Kroma 1BR average is closer to 200k psm Kroma has Lower density, & a somewhat better location Having said that. Foreigner units are at a premium to Local-owned @ Rise OTHER ESTIMATES ASKING @ RISE: Price Range : Mid-Point v "all-in" Developer,pmts: $5,800-6,100K: mid: $5,950k/ 212.5k (28 sq M) Developer,cash: $5,500-5,800K: mid: $5,600k/ 200.0k Foreigner Units: $4,800-5,200K: mid; $5,000k/ 178.6k Local Units——: $4,200-4,600K: mid; $4,400k/ 157.1k(Agents who may know better, please comment!) Price depends on Floor, & may assume buyer pays The $150K transfer on secondary market, And perhaps some of the commission. Link to comment Share on other sites More sharing options...
drbubb Posted April 30, 2019 Author Report Share Posted April 30, 2019 UPDATE - RISE MALL Opening soon, probably late Q2. 2019 Link to comment Share on other sites More sharing options...
Guest Xris Posted May 5, 2019 Report Share Posted May 5, 2019 Do you have confirmed information on SM mall being built at Air being Aura like? Link to comment Share on other sites More sharing options...
Guest Xris Posted May 5, 2019 Report Share Posted May 5, 2019 We were at Rise Makati yesterday, the Assembly mall was quite a small mall. If SM will build an Aura like mall in Air, this will be good for the area. The hallways some were saying as disappointing, was okay with me even with my wife. I love every bit of the design. Though the area looks messy and a little bit off, coming from sophisticated Ayala avenue. I think it will improve a lot once the malls are operational. Link to comment Share on other sites More sharing options...
drbubb Posted May 6, 2019 Author Report Share Posted May 6, 2019 The Mall may seem small, but directly adjacent to it... is a (Larger) mall at AIR Residences And not far away is the City Gate mall of Ayala Certainly, when it comes to restaurants, RISE residents will have a large number of choices. (Personally, I want to see a hardware store at Rise or Air) Link to comment Share on other sites More sharing options...
Guest Xris Posted May 6, 2019 Report Share Posted May 6, 2019 ^ Will there be n elevated walkway from Rise going to City gate? I hope there will be as walking around Malugay street seems unpleasant as of the moment. Link to comment Share on other sites More sharing options...
drbubb Posted May 7, 2019 Author Report Share Posted May 7, 2019 23 hours ago, Guest Xris said: ^ Will there be n elevated walkway from Rise going to City gate? I hope there will be as walking around Malugay street seems unpleasant as of the moment. A: I believe so... eventually. MAKATI HUBS may be connected someday with a Covered Walkway Both Air & Rise will want that for their malls. But that may come after the Ayala buildings between City Gate and AXA Tower are rebuilt Above shows the area around City Gate. Below is a map of attractions near The Rise: Some agents have also been saying the walkway will eventually be extended down Guy Puyat to 100 West and Dela Rosa station. If true, that may be a real game changer for the TechZone area, that I call "Little China" Link to comment Share on other sites More sharing options...
drbubb Posted May 22, 2019 Author Report Share Posted May 22, 2019 There are some rumors of One or more Bulk buyers, aiming to hover up the cheap Local units. Possible sellers may contact me Link to comment Share on other sites More sharing options...
drbubb Posted June 19, 2019 Author Report Share Posted June 19, 2019 TOP REASONS TO LIVE AT THE RISE 1. Rise has well designed units, mostly 28 sqm 1BR with 18 elevators, 50% more than Air Residences next door 2. Great location near top companies and jobs on Ayala Avenue 3. Rise itself will be amenity-rich , like Shangrila’s hotels and residences 4. Rise is above a very nice mall, with great dining & shopping. Also near the malls of Air and Ayala North Exchange 5. Area nearby is gentrifying fast, bringing new jobs, new restaurant choices and other attractions (see below) 6. Transport options on Ayala Ave, and Gil Puyat. Plans underway to add subways stop at/near Fire Station * Yuchenko museum, 3 minutes away in RCBC Tower * Easy walk to Ayala Ave, and to Greenbelt mall, mostly on a covered walkway, protected from rain * Circuit is also walking distance and will provide performance & entertainment options * A new Mapua business school is being constructed halfway to Circuit Link to comment Share on other sites More sharing options...
AlexHK Posted June 20, 2019 Report Share Posted June 20, 2019 Strange type of blue color for Air Residences, and the parts colored in blue seems different compared to the photos on brochure ? Link to comment Share on other sites More sharing options...
drbubb Posted August 8, 2019 Author Report Share Posted August 8, 2019 I am seeing a number of Foreign owned* Units, being sold now in the Secondary Mkt. @ ... 2nd Mkt: ALL-in prices of : P 5.2 M - 5.4 Million (/28 sqm= P185.7k - P192.9k per sq) This is not just the 100% "contact price" - but includes: + EOC, End-Of-Contract payment of 5% of the original contract price + Transfer Fee, of P150,000 payable to Shang + Commission to agent(s): usually 3-5%. though there are also some rumors of P50K-P100K commissions ============ *Prices of Locally-Owned units have moved up to P4.7 Million/28= P167.9k & higher (in the secondary market) Where Shang might get P5.6-6.0Million for a NEW sale direct to a Local Buyer. For this "100% of Contract price", you need to add 5% for Estimated Other Charges: Shang's ALL-in prices of : P 5.9 M - 6.3 Million (/28 sqm= P210.7k - P225.0k per sq) Please Note: Shang has SOLD all the 40% of units for foreigners - though there may be a reopened unit from Time to time Link to comment Share on other sites More sharing options...
Guest Jeff Posted March 5, 2020 Report Share Posted March 5, 2020 Hopefully this thread can be updated, its super informative!! Link to comment Share on other sites More sharing options...
drbubb Posted March 7, 2020 Author Report Share Posted March 7, 2020 I put a lot of time into this (obviously) It did not generate as much interest and commentary as I expected. And now, at current price levels, in this challenging environment, I have become Bearish Will we see LOWER PRICES?? The supply of Properties for Sale is going to surge because: 1. Properties still being delivered, and new ones started. Few projects will be stopped. 2. People who are afraid will stop buying, 3. Banks will not finance large final payments, when the what is left to pay is BELOW the realistic marlet value of the property, This will force those who cannot make the last payment to sell 4. Flippers will aim to flip to exit their property speculations, if they can, 5. Chinese buyers, who cannot get back to PH will try to unload what they have bought/ WHERE ARE THE BUYERS who will absorb all this supply? Even if they are there, what price will they be willing to pay now?? Link to comment Share on other sites More sharing options...
drbubb Posted October 19, 2022 Author Report Share Posted October 19, 2022 GOOD NEWS, at Last ! OVER TEN THOUSAND POTENTIAL New Tenants? Finally, some Office Completions are coming to the RISE area Office Building: Yr. Storeys Leasable /5sq Alveo Fin’l T. 2021. 49 Fl. grA: 63,700 = 12.7k Blakes W.E.T. 2022. 36 Fl. grA: 11,432 = 2.3k Mak. Com’l T. 2023. 36 Fl. grA: 58,000 = 11.6k Altaire Tower 2024. 45 Fl. grA: 58,273 = 11.7k ========== <2yr. 166fl. === 191.4k = 38.3k Could eventually be well over 30,000 employees working in those offices > new chat on impact of Subway on RISE AREA, etc: Link to comment Share on other sites More sharing options...
drbubb Posted July 24, 2023 Author Report Share Posted July 24, 2023 THIS THREAD has gone quiet, long ago. Meantime there is an Active RISE DISCUSSION Group over at FB: The RISE Makati for Rent/Sale Public group, 8.9K members. : LINK Notice a thread there with someone bidding 190K per sq for a 2BR. 2BR: Any 2br units for sale below 190k per square? Max.: 68sq x 190k =12.92M … 73sq x 190k =13.87M "Maximum List price that will make me want to view" Seemed to be some decent response to to. + Many DM's ? As for RENTS for 2BR's, I saw: BID RENT at 55k Monthly, versus OFFER RENT at 85k Monthly. And I found THIS: Assuming 65,000 x12= 780k / 13.5 Million, that is a 5.77% Gross yield. Link to comment Share on other sites More sharing options...
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