The Shang Grand Tower Outlines
Makati is proud of its famous brand apartment
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| Property information in 1 minute | |
|---|---|
| Property Name | The Shang Grand Tower |
| Area | Legazpi Village in Makati |
| Price range | 141,500$~（1$＝54pesos） |
| Assumed Rent | 1 Bedroom type(80 Sqm) 80,000pesos~ |
| Number of Floors | 48 floors(4 basement levels) |
| Developer | Shang Properties |
| Year Completed | 2005 |
Shangri-La Tower, as the name suggests, is a luxury condominium by the developer of the Shangri-La family of luxury hotels.
Location of The Shang Grand Tower
Address: Perea Street corner Dela Rosa Street, Legaspi Village, Makati, Philippines
Area Info: Right in the middle of Makati. Almost directly behind “Greenbelt”, one of the most prestigious malls in the country. The area is perfectly located within walking distance to the office area where many Japanese and other global companies and banks are headquartered.
Surroundings: “SM Supermarket”, the most popular supermarket in the Philippines, “The Marketplace”, an international supermarket where you can buy Japanese food, “Landmark”, a high-class There are three large supermarkets nearby, including “SM Supermarket,” the most popular supermarket in the Philippines, “The Marketplace,” an international supermarket where you can buy Japanese food, and “Landmark,” an upscale supermarket.
There are many malls in the area, but the one most frequented by residents is the “glorietta” mall, which caters to the younger crowd. Many famous Japanese restaurants are located here.
The Shang Grand Tower Amenities
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24-hour manned management, lobby, swimming pool, gym, kids room, meeting rooms, parking, elevator, parcel delivery service
The gym, kids’ room, etc. are often crowded even on weekdays. There is also a free space with chairs and desks in the common area, and many residents were chatting and laughing there.
The Shang Grand Tower’s special features
- Most of the larger units: 1Bedroom 80 square meters and up, 2Bedroom and larger units. Many units have maids’ rooms and bathtubs.
- Residents’ age range is high: Late 30’s and older are the largest age group, probably because many of the residents are long-term tenants.
If it is a 2Bedroom or larger, a basic bathtub is standard. It is rare to find a condominium with a bathtub, and some of our past renters have decided to move in with a bathtub.
Between The Shang Grand Tower
- Two entrances: Separate entrances for upper and lower floors, and separate elevators. Both elevators can access the common floors.
- Property management condition: Some units are very clean, probably because it has been a while since construction, while others, such as the toilets, have areas that need to be remodeled.
Although the management of the interior of the unit depends on the owner’s policy, the common facilities are so clean and well managed that it is hard to believe that the building is more than 15 years.
The Shang Grand Tower Reviews
A property where you can feel the power of the Shangri-La brand firsthand
Property Reviews
This is a well-known old-fashioned brand name condo in the local area. It is well managed and in very good condition compared to condos of the same age. The neighborhood is very safe and secure, making it a safe place to live for executives and those with children.
Capgain (gain on sale): Although the building will be 17 years old in 2022, the price has increased since it was newly built. Of course, prices and land price increases due to development have had an impact, but the biggest factor is the “overwhelmingly good location” of the property. Since the property has already been built a number of years ago, it is difficult to imagine a major decline in value in the future, unless something happens to the property. Compared to newer properties, it is difficult to expect a large price increase in the short term, but Shangri-La Grand Tower is a “solid property” for long-term real estate investment.
Income Gain (Rental Income): The minimum rent is higher than that of neighboring properties, starting from 80,000 pesos, and since most of the units are over 80 square meters and have a maid’s room, tenants are mainly families, and once they move in, they can expect to live there for a certain length of time. The majority of the units available for rent are fully furnished.
◎ Those who want to aim for income gains and those who want to purchase properties whose value is not likely to decline. l
△ Those who want to aim for income gains and those who want to purchase properties whose value is not likely to decline.
This is a good example of how, if a proper developer builds a value-added property in a good location, the price will not drop even if it has been built more than 15 years.
