Ayala Park Terraces Facts

8/14/2019 Ayala Park Terraces Facts

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AYALA PARK TERRACES, MAKATI

1 Call JP, Tony or Vicky at 9307635, 2152364 or 0917865689 | APReyes Realty Investment

PROJECT CONCEPT AND MASTERPLAN

Park Terraces is the prime residential enclave in the newly redeveloped Ayala Center. Its Ayala Centeraddress provides residents all the convenience as well as little luxuries within arms reach.

Park Terraces will be a three-tower development, with a shared motor court and a contiguous basementparking. Towers 1 and 2 will share a lobby and podium amenities. Tower 3 will have its own lobby andpodium amenities. Retail spaces for establishments such as cafes, restaurants, wellness outlets, andservice retail will be located at the ground level. Located at the eastern side is the landscaped greenery,which also serves as a pedestrian access to Glorietta. Park Terraces basement parking will have anunderground connection to the basement parking system of Ayala Center. This will give residents thechoice of multiple access points to and from main Makati City thoroughfares.

AMENITIES AND FACILITIES FOR TOER 1 AND TOWER 2

Outdoor infinity lap pool Fully equipped fitness center Social hall Function rooms Indoor and outdoor childrens play areas Courtyard Gardens at the Podium level

TOWER 1 BUILDING FEATURES

EFFICIENCY FEATURES

Motion sensors for lights in select common areas Maximized natural ventilation for common areas Efficiency features for Common Area toilet fixtures*

SAFETY AND SECURITY

Semi-addressable fire detection and alarm system 24-hour security and building maintenance* Proximity card access for security 100% back-up power

CONVENIENCE & SERVICES

Four (4) High Speed Elevators Four (4) levels of basement parking* Elelgantly-designed, air conditioned Ground Floor lobby* Mail Room Administrative Offices and Conference Rooms* Centralized sanitary disposal system


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Provision for a Laundromat*

*to be shared by residents of Tower 1 and 2

UNIT OFFERINGS

UNIT TYPE NO. OF UNITS AVERAGE UNIT AREA*(Excluding Balconies)

AVERAGE BALCONYAREA

Studio 96 42 n/a1 Bedroom 139 71 7Special 1 Bedroom 9 88 n/a2 Bedroom 48 106 8Special 2 Bedroom 44 140 153 Bedroom 28 179 223 Bedroom Penthouse 6 269 50TOTAL 370 88 8

*Approximate areas only. Please refer to specific unit plans for areas of specific units

Exclusive, limited inventory of highlight units:

** Select 1-bedroom suite with flex rooms on the 31 st and 39 th floor*** Two 2-bedroom Veranda units with balconies for each bedroom on the 19t and 22 nd floor**** Two 3bedroom Sky Terrace penthouse units with private terraces

TURNOVER

Turnover of units will be carried out in tranches determined by floor level, beginning first quarter of 2015Tranche 1: 2 nd floor to 15 th floor, beginning 1st quarter 2015Tranche 2: 16 th floor to 27 th floor, beginning 2 nd quarter 2015Tranche 3: 28 th floor to 39 th floor, beginning 3 rd quarter 2015Tranche 4: 40 th floor to 49 th floor, beginning 4 th quarter 2015

ABOUT THE BUILDING

1. What are the views from the units of Park Terraces first tower?

Park Terraces offers an array of views.

Select units at lower floors will have choice views of the parks and landscaped areas(Terraces Square and Palm Promenade*) the motor court and the garden and pool at thePodium level.

*temporary name


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2. What lifestyles can a future Park Terraces, resident look forward to?

Being inside Ayala Center, Park Terraces offers a wide array of choices from the most luxuriousto the most basic services, dining, shopping, fitness and entertainment experiences.

The countrys most prime hotels, such as Makati, Shangri-la, Fairmont Hotel, Hotel Dusit ThaniManila, Intercontinental Hotel, Renaissance Makati Hotel, and Ascott Makati, adds to thechoices of available to residents.

Greenbelt provides a selection of exquisite dining places, state-of-the-art cinemas, live theaterperformances, the Ayala Museum, global premium brands, and a showcase of Filipino artistry.The redevelopment of Ayala Center unveils a new Glorietta that will house an even wider arrayof retail choice, enhanced with landscaped promenades and gardens.

3. How can residents access Park Terraces parking?

Park Terraces residents may access the development via the following entry/exit points: Ramp system along Arnaiz Avenue Motorcourt Terraces Square interceptor ramp along West Drive Various entry/exit points to the Ayala Center Basement Parking

4. What establishments and landmarks are near Park Terraces? Within Kilometer

I. Asian Institute of ManagementII. Assumption College

III. Landmark

IV. Rustans Ayala CenterV. SM Makati

VI. Sto Nino de Paz Church located at Greenbelt ParkVII. Philippine Stock Exchange

VIII. Ayala Triangle Gardens

Within 1 KilometerI. Colegio de San Agustin

II. Nearest MRT Station

Within 3.5 Kilometer

I.

Makati Medical CenterII. St Lukes Medical Center Bonifacio Global CityIII. Manila Golf ClubIV. Manila Polo ClubV. International School Manila

VI. Manila Japanese SchoolVII. British School Manila


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ABOUT THE UNIT

1. For lower floor units, what measures will be undertaken to lessen any noise coming from theoutside surroundings, especially those who have 24-hour operations (BPO and 24/7 cafes)?

Included in the design of the building is the double glazing of the windows from 2 nd to the 15 th level.

2. How will the traffic in the area of Park Terraces be affected once the towers are built?

Being part of Ayala Center, Park Terraces will also benefit from the progressive traffic planningand management systems to be implemented within the Ayala Center.

3. What appliances will be provided in the Park Terraces units?

The residential units will include air-conditioning for all bedrooms (except for maids room andbathroom), living and dining areas, water heater for the kitchen and bathrooms and range hood

and cook top (only) for the kitchens.

ABOUT FINANCES

1. How much is the rental potential of units in Park Terraces?

Current rental rates for premium condominiums within Makati ranges from PHP 140,000 to PHP150,000 per month.

*Since rent is greatly influenced by several market factors, the developer cannot guarantee thegrowth rate.

2. Is the balcony area included in the price list of the unit?

Balconies at Park Terraces are defined in the Master deed as Limited Unit Common Area. Thus,the area considered in the list price is the unit only.

3. Are parking spaces appurtenant? What are the guidelines/parameters of purchasing a parkingslot? How many parking slot can a unit owner purchase? If a unit owner decides not topurchase a parking slot, what are his other options in terms of parking?

The parking slots are not appurtenant to the unit. The buyer has the option to choose andpurchase parking slots among those available for sale. Only unit owners can purchase parkingslots, and identified parking slots for sale will be made available on a first-come, first-servedbasis.

Based on the units purchased, a units owner can purchase a maximum number of parking slots.


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Unit Type Max no. of slotsStudio 1

1 Bedroom 12 Bedroom 23 Bedroom 2

Penthouse 3

4. What will be the structure of the Condominium Corporation of Park Terraces?

All towers of Park Terraces will form part of the one Condominium Corporation, with two (2)districts. Tower 1 and Tower 2 will form District 1, and Tower 3 will form District 2. Each districtwill have a Residential and Commercial Zone.

5. How much are the association dues?

The association dues will be computed at the time of the establishment of the CondominiumCorporation, based on the formula indicated in the Master Deed. Current average monthlyassociation dues of similar type-condominium developments range from PP 93/sqm to PHP115/sqm. Payment of association dues will commence upon turnover of the unit to the buyer.

6. Will the area of the balcony be included in the association dues?

The balcony being a Limited Unit Common Area will only incur expenses, such as Real PropertyTax and insurance. The master deed requires the unit owner to pay for the share in theexpenses of all Limited Unit Common Areas. The share will depend on the size of the balconyand/or Limited Unit Common Area of the unit relative to the total Limited Unit Common Area inthe tower.

7. Will the dues for the amenities at the towers be shared among all the unit owners of ParkTerraces?

At full development, Tower 1 and Tower 2 residential unit owners will share the amenities, thus,they will also share in the maintenance and operating costs of these shared amenities. Themotorcourt and easements at the ground floor and basements, as well as the other commonareas identified to be shared by the three (3) towers, will be shared by all three towers.Common areas identified as those shared with the Commercial units will be shared by theresidential towers and the commercial units.

UNIT FEATURES Functional kitchens with built-in appliance (only cooktop and rangehood) Other appliance provided in the unit: Airconditioning units for bedrooms, living/dining areas

excepts the maids room, and water heaters for kitchen and bathrooms.

Kohler and Grohe bathroom fixtures Master switch cards for units which automatically switch off lights and appliances (except

for refrigerator)


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Individual metering for water and electricity Maximized natural ventilation Audio guest anounciator system CATV provision for all bedrooms and living area Provision for 2 Telephone line service providers per unit

Telephone outlets in all bedrooms, living and dining area Duress Button in the Masters Bedroom

UNIT FINISHES AND APPLIANCE

Room/Area Floor Wall Ceiling Appliance/OtherInclusions

Foyer* Engineeredwood/HomogenousTiles

Painted Painted Gypsum

Living/Dining Area Engineered Wood Painted Painted Gypsum Airconditioning

unitPowder Room Homogenous Tiles Painted Painted GypsumBalcony* Ceramic Tile n/a PaintedMasters Bedroom Engineered Wood Painted Painted Gypsum Airconditioning

unitMasters T&B Homogenous Tiles Homogenous Tile

for ShowerAreas/ Painted

Painted Gypsum Water Heater

SecondaryBedrooms

Engineered Wood Painted Painted Gypsum Airconditioningunit

Secondary/CommonT&B

Homogenous Tiles Homogenous Tilefor Shower Areas

Painted Gypsum Water Heater

Kitchen Homogenous Tiles Painted Painted Gypsum Rangehood,cooktop, waterheater

Utility Room Tile Painted PaintedMaids Room Tile Painted Painted GypsumMaids T&B Ceramic Tile Painted Painted Gypsum

Engineered wood floorings for all bedrooms, living and dining areas *except maids room andutility area

Homogenous tiles in all bathrooms and kitchen Solid-surface countertops in all kitchens Stone bathroom countertops European-grade toilet and bath fixtures

Documents

Ayala Park Terraces Facts