SOHO Central in Mandaluyong turned over to owners ahead of schedule

SOHO Central, a high-end Mandaluyong condominium development that connects to the MRT Edsa Central station, was turned over to owners ahead of schedule. The condominium development – a joint venture among Century Properties Group, Meridien Development, and Greenfield Development Corp. – is a redevelopment of the 22-hectare mixed-use Greenfield District in Mandaluyong City. The 886-unit condominium project was the first residential building to rise as part of Greenfield's planned project. Its amenities include adult and children's swimming pools, fitness center with gym and aerobic areas, function/meeting room with pantry, business center, and homeowner's lounge. The condominium's walkway to the MRT Edsa Central Station is expected to open between October and December 2009, Greenfield Development said. Greenfield also expects to open SOHO Central's commercial areas at the first to third floors on the second half of 2010. The project’s development cost was P3 billion, John Victor Antonio, Century Properties chief operating officer, said. Studio, single-bedroom, and two-bedroom units were originally sold at P70,000 per square meter but had gone up at P90,000 per square meter recently. Jeffrey Joseph Campos, Greenfield chairman and president, said the company will need between 25 and 50 years for the complete redevelopment of the Greenfield property, which will include hotels and other features fore leisure, retail, commercial, and residential components. Meanwhile, Antonio also revealed that Century Property may soon launch projects catering to the middle income market or residential units priced at P2 million and above. Century Properties claims to be the largest privately-owned real estate corporation in the country with 23 years in real estate development, marketing and management. It has more than 40 developments in its portfolio, including the award-winning Essensa East Forbes; South of Market in Fort Bonifacio, Canyon Ranch and The Casitas at Canyon Ranch in Carmona. Its current projects with its various subsidiaries are The Gramercy Residences and The Knightsbridge Residences at the 3.4-hectare Century City in Kalayaan Avenue, Makati, Grand Soho Makati and the third phase of Canyon Ranch called The Moderno. - GMANews.TV