Presales of DMCI Homes’ Cubao condo hit P3B
Reservation sales of DMCI Homes’ The Orabella residential condominium development along P. Tuazon Avenue, Cubao, Quezon City have breached the P3 billion mark less than a year after it was launched late last year.
As of July 7 this year, the single-tower 45-residential level development is 82 percent sold, with just 171 units remaining out of the total unit inventory.
The modern tropical architecture-themed development has posted robust sales since it was launched in December last year and has been one of the top selling projects of DMCI Homes this year along with Prisma Residences, Kai Garden Residences, Fairlane Residences, and Infina Towers.
Artist’s illustration of the play area.
DMCI Homes Senior Vice President for Sales Florante C. Ofrecio attributed the strong sales of The Orabella to the increasing housing demand in Quezon City amidst projections of property consultancy firms of a double digit hike in office supply until the year 2020.
With its excellent proximity not only to the Araneta Center but also to other business centers such as Eastwood City, Ortigas Center and UP Technohub, the 4,893 square meter-property has attracted young investors banking on potential rental income and fast-rising land values in the former Philippine capital.
“We have observed that more and more young professionals are seeing residential condos as worthy investment vehicles as reflected by The Orabella’s buyers’ profile,” Ofrecio said.
Apart from a flourishing economy, upcoming big ticket government infrastructure projects in the city such as the Metro Manila Subway Project are projected to increase the number of inhabitants to 3.1 million by 2020 from 2.7 million in 2010.
The first phase of the project will reportedly pass through Mindanao Avenue, Tandang Sora, North Avenue, Quezon Avenue, East Avenue, Anonas, and Katipunan all the way to FTI in Taguig.
The Orabella, which is set for completion in June 2023, offers a unit mix of 1-bedroom, 2-bedroom and 3-bedroom with a gross area ranging from 31 to 84 square meters (sqm). Prices range from P3.03 to P7.29 million.
The spacious floor plans are complemented with a vast array of resort-inspired amenities such as lounge area, snack bar area, landscaped play area, jogging path, shooting court, lap pool, kiddie pool, audio-visual room, fitness gym, game area, and Sky Lounge.
DMCI Homes’ proprietary Lumiventt® Technology, meanwhile, affords residents an expansive building interior brought about by single-loaded hallways and garden atriums.
The design innovation likewise features Sky Patios which not only add to the aesthetics but also open the units to natural daylight and air circulation.
The Orabella is one of the developments of DMCI Homes, the country’s first Quadruple A developer known for building quality resort-inspired communities in Mega Manila, Baguio, Boracay and Davao City. Each of its properties is built with world-standard craftsmanship borne from D.M. Consunji Inc.’s over 60 years of expertise in the construction and development industry.