Printer-Friendly Page - 2 Torre Lorenzo (Code: CD-8029) - Along Taft Avenue, fronting De La Salle University, Manila, Metro Manila, Philippines

2 Torre Lorenzo
(Code: CD-8029)

Along Taft Avenue, fronting De La Salle University, Manila, Metro Manila, Philippines

2 Torre Lorenzo

Are you looking for an investment that would be a self -sufficient source of income while you are working abroad?

or

Are you looking for a great place to live right in the heart of Manila City?

Why 2 Torre Lorenzo/Manila?

Lapanday Properties Philippines, Inc. and Grand Metro Lorenzo Corp., the real estate development and management group owned by the Lorenzo family, welcomed business partners, prospective buyers, and other guests as they held the groundbreaking ceremony for 2 Torre Lorenzo on October 2, 2010. The project is a 35-storey residential and commercial building on Taft Avenue, right across the north gate of De La Salle University and within the vicinity of the College of St. Benilde, St. Scholastica's College, and UP-PGH.

2 Torre Lorenzo stands on a 1,105sqm property along Taft Avenue, right across De La Salle University. It is a stone's throw away from the College of St. Benilde and St. Scholastica's College, and a short commute from UP-PGH. Its central location and proximity to the LRT Vito Cruz Station likewise make it attractive for those working in the Greater Manila Area.

The name makes reference to the group's first and highly successful condominium project, Torre Lorenzo, which they built on Taft Avenue corner Vito Cruz in 2000. "'Torre,' as it has come to be known to the La Salle community, acquired a reputation as a secure and well-maintained residence with superior amenities and efficient management," noted Tomas P. Lorenzo, president of Lapanday Properties. "Our plan is to make 2 Torre replicate that success, if not surpass it. We've devoted our strictest attention to details to fulfill our standards of excellence and enhance the value of the property."

2 Torre Lorenzo's plans – designed by respected architectural firm Palafox & Associates – indicate 30 floors of residential units (all of them internet- and cable-ready), while four floors are allocated for parking spaces. Amenities include a swimming pool and well-equipped gym on the 6th floor, a Study Hall with WiFi access, a roof deck offering an excellent view of Manila Bay, and a lower-ground level commercial arcade with essential services for the residents' convenience.

GENERAL PROPERTY INFORMATION

LOCATION	Along Taft Avenue, fronting De La Salle University, Manila, Metro Manila, Philippines Map of Metro Manila \| About Metro Manila
PROPERTY INFORMATION	The 35-Storey Mixed-Use Residential Condominium offers the following units: - 11 commercial units - 544 studio units - 114 1-bedroom units - 28 2-bedroom units Institutions: - De La Salle University - College of St. Benilde - St. Scholastica's College - UP-PGH - Manila City Hall - Proposed SM Mall Time Table of Development: EXCAVATION WORK: Oct 2010 - Jan 2011 GENERAL CONSTRUCTION: Jan 2011- Jun 2013 INTERIOR FINISHING: Jun 2013 - Sept 2013 UNIT TURNOVER: 4th quarter 2013 Why 2 Torre Lorenzo? Location - In front of De La Salle University Main Campus, near De La Salle College of St. Benilde, St. Scholastica's College, UP Manila, Sta. Isabel and St. Paul College - Accessible by LRT and other Public Transportation to the Makati CBD and downtown Manila Low density - Only 23 units per floor with 4 elevators; ease and privacy are guaranteed Amenities & Convenience - Amenities located at the 6th level include Swimming pool, gym, study hall and function room Roof Deck with Integrated Walking Path Ground Floor Commercial Areas with independent access Proven Developer Track Record - Torre Lorenzo 1 - a standard in quality development and property management in the area Wise Investment - Safe, Secure and Quality Housing for out of town buyers and their dependents Wise Investment Opportunity for Rental Income - Presence of Exclusive Schools in the vicinity (DLSU,College of St. Benilde, St. Scholastica's) - Prevailing Rate (for bed space) (P7,000 per student @ 3 students/unit for a 23 sqm. studio)
AMENITIES	Pool Study hall Gym Commercial center Function rooms 4 Hi speed elevator Wi-fi enabled Walking path Fire alarm/sprinkler system Reserved Water Supply Roof deck
PRICE	Payment Schemes 20% DOWNPAYMENT IN: - YEAR 1: 30 MONTHS @ 0% - YEAR 2: 20 MONTHS @ 0% - YEAR 3: 12 MONTHS @ 0% 80% BALANCE PAYABLE THRU: - BANK FINANCING: 5 - 15 YEARS @ 8% - 11.5% - IN-HOUSE FINANCING: 5 YEARS @ 14% Units: STUDIO AVERAGE SIZE: 23.8 sq.m. AVERAGE PRICE: PHP 2,079,627.6 (Price includes Misc. Fee) 20% DOWNPAYMENT: PHP 415,925.5 Reservation Fee: PHP 25,000 30 months: PHP 13,030.85 80% Balance Bank Financing Balance: PHP 1,663,702.1 Monthly Amortization 5 YEARS @ 11.5% - PHP 36,589.15 10 YEARS @ 11.5% - PHP 23,390.89 15 YEARS @ 11.5% - PHP 19,435.2 --- 1 BEDROOM AVERAGE SIZE: 33.46 sq.m. AVERAGE PRICE: PHP 2,808,492.29 (Price includes Misc. Fee) 20% DOWNPAYMENT: PHP 561,698.45 Reservation Fee: PHP 25,000 30 months: PHP 17,889.94 80% Balance Bank Financing Balance: PHP 2,246,793.84 Monthly Amortization 5 YEARS @ 11.5% - PHP 49,412.85 10 YEARS @ 11.5% - PHP 31,588.90 15 YEARS @ 11.5% - PHP 26,246.82 --- 2 BEDROOM AVERAGE SIZE: 33.46 sq.m. AVERAGE PRICE: PHP 4,213,577.16 (Price includes Misc. Fee) 20% DOWNPAYMENT: PHP 842,715.43 Reservation Fee: PHP 25,000 30 months: PHP 27,257.18 80% Balance Bank Financing Balance: PHP 3,370,861.73 Monthly Amortization 5 YEARS @ 11.5% - PHP 74,134.04 10 YEARS @ 11.5% - PHP 47,392.78 15 YEARS @ 11.5% - PHP 39,378.06 Click to find out price in U.S. Dollar, Euro, & other currencies.

CONTACT INFORMATION

THIS PROPERTY: Code: CD-8029 (2 Torre Lorenzo - Metro Manila)

Kindly email philshelterrealty@yahoo.com
Philippines Number: +63 917-618-7254
USA Number: 1-828-275-5346
Skype ID: philshelterrealty

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