Mandaluyong is perking up
Among the exclusive residential enclaves of Metro Manila, few property specialists can put a price tag on lots in Wack Wack subdivision in Mandaluyong City. Estimates range broadly from P55,000 per sqm. to P140,000 per sqm. simply because few lot owners in this 41 hectare subdivision with only 270 lots, are willing to part with their properties.
Barangay residents appreciate bucolic surroundings along the tree-lined fairways of the 36-hole Wack Wack Country Club golf course right next to them. From the higher floors of the residential condominiums , the tranquil views of the greens are calming. Yet, residents are only about 30 minutes away from at least five major business districts, including Makati and Eastwood City.
“The real center of Metro Manila is Mandaluyong, where Wack-Wack is located,” said to Paco T. Bayot, a resident of the barangay and vice-president of the Madrigal-Bayot Development Corporation which owns one of the newest residential condominium projects in the vicinity, the 32-storey The Address at Wack Wack.
Key buyers of The Address include homeowners from Wack Wack subdivision who have down-scaled and prefer to live in more manageable residences. Bayot said many of these clients took a look at the development with the original intent of leasing out the premises. “But many of them decided to move into the unit themselves so they could continue living in Wack Wack, while satisfying their desire for surroundings requiring lower maintenance.”
“Our units are ready to be moved in upon turnover,” says Bayot, who with his father Francsico Jr., personally supervised the construction of the project. He pointed to the walls between residences which are made of concrete, and contribute to fostering privacy and exclusivity, two key values of the Madrigal-Bayot development team. When residents want fresh air, they hie to the top floor of The Address with an infinity-edge lap pool, pool bar, function hall and outdoor garden with play facilities. From the al fresco areas, views of the Ortigas business district, Cubao , Eastwood City and Makati emphasize the metro-centric location of the project.
Former New York City resident Mike Gaviola said he is moving from an older condominium development nearby to live at The Address because of the great values it offers. “We have all the conveniences at our fingertips,” he said.