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VicinityIn Keeping with the CENTRO name,Centro Tower is situated in a primeQuezon City Location. You’re in theheart of the pulsating metropolis,within short distances to dynamicshopping centers, transportationhubs and top notch educationalinstitutions.
With Centro Tower, vibrant urbanliving is a heartbeat away.
Tomas Morato
New Manila
GilmoreIT Center
Robinson’s Magnolia
GreenhillsShopping Center
LRT 2 Betty Go Station
AranetaCenter
GatewayMRT
Araneta Cubao
Centro Tower is the perfect place for home.Be part of the small caring communitiesWee Comm Developers’ Inc. is known for.Amplify your routines and enjoy elegantdesigns with a modern mindset.
Centro Tower is the perfect place for yourlifestyle.
16th to 25th FloorThe Hi! Hotel & Resorts
2nd to 15th FloorResidential Floors
Ground FloorCommercial
PenthouseAmenities
Project Address 138 N. Domingo St., Cubao, Quezon City
Total Floors 24 Floor with Penthouse
Number of Units 256 Units
Ground Floor Reception, Restaurant and Commercial Establishments
2nd to 15th Floor Residential Component- 11 Units per Floor
Turn Over 2nd to 15th Floor June 2017
16th to 25th Floor Hotel & Resorts Component- 10 Units per Floor
Turn Over 15th to 25th Floor December 2017
Penthouse Swimming Pool, 200+ Capacity Function Rooms, Business Center, Gym and View Deck.
Building Features
Fully Functional Hotel Operations complete with Concierge, Bell Boy, Maintenance Crew, and Restaurant
3 High Speed Elevators
Fully Addressable Fire Detection & Alarm System
Fiber to Home Telephone/Cable/ Data Provision
Extra Cable Provider
Ground Floor PlanRestaurantHotel LobbyReception with ConciergeMail RoomLuggage RoomPatio and Greeneries
Amenities Floor PlanFunction RoomsBusiness Centers/ Conference Roof GardenSwimming PoolGymViewing Deck
Adaptable designs allow you to enjoy yourunit the way you want to. Choose from astudio, 1 Bedroom or 2 Bedroom layouts,all larger than industry average. Riseabove the crowd and reveal a home youcan call your own. With versatile designsand centralized location, Centro Towerlets you see the vision of what home canbe.
1 Bedroom Unit
Gross Area 37.70 SQM
Livable Area 35.70 SQM
Balcony Area 2.00 SQM
2 Bedroom Unit
Gross Area 37.70 SQM
Livable Area 35.70 SQM
Balcony Area 2.00 SQM
Wall Partitions 4" CHB- Plasetered and Painted
FloorExterior 600 x 600 Ceramic Tiles (Dining, Kitchen & Living Areas)Bedroom 3mm Permium Vinyl Planks
Windows Powder Coated Aluminum Sliding Windows
Toilet & BathFloor 300 x 600 Ceramic Tiles
Wall 1 Layer 300 x 600 Ceramic Tiles & 1.8 Meter high 300 x 600 Ceramic Tiles in Shower Area
Fixtures Full Sized T & B Fixtures, Telephone and Rain Shower Type
KitchenSolid Surface Kitchen Counter with Stainless Steel Base cabinet with a Provision for Exhaust
DoorSound Proof Steel Doors
Unit Specifications
SERVICED RESIDENCE PROGRAM
2015
SERVICED RESIDENCE PROGRAM The Serviced Residence Program involves taking a number of
individually owned condominium units, pooling them together, and
operating them with hotel services.
It does not require that all units in a condominium participate – just
enough to make the operation cost-effective.
Units need not be contiguous.
Valued clients (guests and/or tenants) are provided with the following
services:
• Housekeeping
• Reception
• Concierge
• Guest Relations
• In-Room Maintenance
WHAT ARE THE BENEFITS IN JOINING THE PROGRAM?
HIGH RENTAL INCOME POTENTIAL
• The Serviced Residence Program is expected to give unit owners greater
earnings potential due to higher average daily rates that can be charged
to corporate clients/guests on short stays.
100% HASSLE-FREE OWNERSHIP
• One of the most appealing benefits of this program is that it relieves the
unit owner of the worries and problems that are inherent to finding and
dealing with tenants.
GUARANTEED MAINTENANCE
• We will handle the repairs and maintenance of your unit. Your unit and its
furnishings will be professionally maintained on a regular basis.
WHAT ARE THE BENEFITS IN JOINING THE PROGRAM?
STEADY FLOW OF RENTAL INCOME
• A unit owner can expect to receive a steady monthly income whether or
not his/her unit is occupied. Management pools together the total income
of the entire program and distributes this to unit owners, net of operating
costs.
COVERED OWNERSHIP EXPENSES
• The Serviced Residence Program covers association dues, cable,
utilities, cleaning and laundry expenses, marketing expenses as well as
administration and maintenance costs.
NO REFURBISHMENT WORRIES
• The Serviced Residence Program also establishes a replacement fund for
FF&E so there will be no need for unit owners to worry about the
replacement of worn out furniture or appliances.
GROSS RENTAL REVENUENumber of Rooms available X Occupancy Rate X Average Room Rate
NET RENTAL REVENUEGross Rental Revenue ▬ Operating Expenses* and Other Fees**
EARNINGS PER SQUARE METERNet Rental Revenue ÷ Total Square Meters in the Rental Pool
UNIT OWNER EARNINGSEarnings per Square Meter X Area of Unit
HII SERVICED RESIDENCE PROGRAMHOW DO YOU COMPUTE UNIT OWNERS EARNINGS?
*Operating Expenses:Departmental Cost: Payroll and Related Expenses | Rooms Operating Costs | Other Operating ExpensesOverhead Expenses: Administrative expenses | Sales & Marketing | Property maintenance | Energy costs
**Other Deductions: Third Party Insurance | Incentive Fees (8%) | Provision for Taxes | Reserve for Furniture & Fixtures, Amortization and Depreciation
DESCRIPTION Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
10-Yr Total /
Average
% of Occupancy 58% 64% 70% 74% 80% 80% 80% 82% 82% 81% 76%
Average Room Rate-Php 2,914 3,186 3,331 3,497 3,672 3,856 4,048 4,157 4,269 4,383 3,798
Total Gross Revenue 44,500,263 75,496,063 85,197,168 95,670,398 107,434,640 112,806,372 118,446,691 125,277,271 128,659,713 132,124,833 1,025,613,412
Owner's Profit 11,794,851 31,399,327 36,548,071 42,300,176 48,813,659 51,377,917 54,074,131 56,769,981 57,261,106 57,706,518 448,045,736
% to Revenue 27% 42% 43% 44% 45% 46% 46% 45% 45% 44% 44%
Average Earnings per SQM 301 595 692 801 925 973 1,024 1,075 1,085 1,093 871
Average ROI 4% 8% 9% 10% 12% 13% 13% 14% 14% 14% 11%
HII 10 Year Projection
• Unit owners will be asked to open a savings account in a bank
identified by HII. Unit owner’s earnings will be deposited in this
account on a monthly basis.
• Through the unit owners portal linked to the Serviced Residence
Rental Pool website, unit owners can view their statement of account
and deposit slip of their monthly earnings. Each unit owner will be
given a password in order for them to access the portal at anytime.
HII SERVICED RESIDENCE PROGRAMHOW WILL I RECEIVE MY MONTHLY EARNINGS?
Hii Studio Unit
Gross Area 37.70 sqm
Livable Area 35.70 sqm
Balcony Area 2.00 sqm
Hii 1 Bedroom A
Gross Area 48.00 sqm
Livable Area 40.00 sqm
Balcony Area 8.00 sqm
Hii 1 Bedroom I
Gross Area 48.00 sqm
Livable Area 40.00 sqm
Balcony Area 8.00 sqm
Hii 1 Bedroom K
Gross Area 49.08 sqm
Livable Area 47.08 sqm
Balcony Area 2.00 sqm
Hii 2 Bedroom F & G
Gross Area 82.55 sqm
Livable Area 78.55 sqm
Balcony Area 4.00 sqm