5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Shang Properties expects close to P50B in sales from QC project

by
July 23, 2024
in Stock
0
Shang Properties expects close to P50B in sales from QC project

LISTED luxury property developer Shang Properties, Inc. said it expects to generate close to P50 billion in sales value from its new two-tower Shang Summit residential development in Quezon City (QC).

“Our total sales value for the two towers is close to P50 billion based on current prices,” Shang Properties Executive Vice-President for Commercial Maria Rochelle S. Diaz told reporters on the sidelines of a media briefing in Taguig City on Tuesday.

Ms. Diaz noted that the sales forecast is the highest for any Shang Properties project. The property will have its soft launch on Sunday.

Shang Summit units are priced at P280,000 per square meter, excluding value-added tax. The development is situated on a 6,000-square-meter lot in South Triangle, Quezon City.

“The project includes two towers. The first tower will have 1,020 units, and the second will have nearly 900 units, totaling almost 2,000 units available on the market,” she said.

At 250 meters, Shang Summit will be the tallest residential development in the country and is the first residential project of Shang Properties in Quezon City.

The two towers are designed by the architectural firm P&T Group and the interior design firm FM Architettura.

The first tower is expected to be completed by the fourth quarter of 2030.

Shang Summit will feature amenities including a tropical swimming pool, a state-of-the-art fitness center, wellness facilities, co-working lounges, and extensive play areas for children. It will also include the Summit Lounge and Summit Gallery for relaxation and entertainment, and the Alcove, which will serve as quiet spaces for work or study.

“Shang Properties is committed to offering a luxurious living experience that caters to a wide demographic. Our vision with Shang Summit is to make luxury more accessible,” Ms. Diaz said.

Additionally, Shang Properties announced that the North Tower of its Haraya Residences in Pasig City will open in the third quarter. Haraya North will feature one- to three-bedroom units ranging from 67 to 203 square meters, all with a unique loggia extending the living space.

Residents will have access to 2,500 square meters of outdoor amenities and 2,270 square meters of indoor amenities, including children’s play areas, a swimming pool, and various communal spaces.

Haraya North is developed by Shang Robinsons Properties Inc., a joint venture between Shang Properties and Robinsons Land Corp. 

On Tuesday, Shang Properties shares fell by 0.27% or one centavo, closing at P3.75 per share. — Revin Mikhael D. Ochave

Previous Post

Hearing the people’s clamor: Why this year’s SONA got it right

Next Post

Private initiatives fostering marriage inviolability: Pre-Cana and Cachet programs

Next Post
Private initiatives fostering marriage inviolability: Pre-Cana and Cachet programs

Private initiatives fostering marriage inviolability: Pre-Cana and Cachet programs

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Rice tariff stays at 15% till November

    Rice tariff stays at 15% till November

    July 9, 2025
    Income-price gap keeps Filipino families from owning homes — ULI

    Income-price gap keeps Filipino families from owning homes — ULI

    July 9, 2025
    NCR wage hike unlikely to stoke prices

    NCR wage hike unlikely to stoke prices

    July 9, 2025
    S&P sees 11-13% loan growth in next 2 years

    S&P sees 11-13% loan growth in next 2 years

    July 9, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.