November 19, 2019 | 12:08 am
By Jenina P. Ibañez
Ph1World Developers (Formerly MYSPACE Properties, Inc.) is bringing “city living” to the outskirts of Metro Manila with its first project — The Hive.
The company, with engineering partner Megawide Construction Corporation, is developing the four-tower, mid-rise condominium project in Taytay, Rizal.
Ph1World Developers and Marketing Vice President Gigi G. Alcantara said in a recent interview that they picked Taytay because it is a progressive area outside of the capital and because of its proximity to the Megawide pre-cast plant.
The property, Ms. Alcantara said, takes “a piece of what is in the central business district and blending it with the provincial life.”
So far, the Hive has attracted Taytay residents who wanted to experience condominium living without leaving the area, as well as empty nesters who want to live in a smaller and more convenient place.
The Hive, which sits on a 2.1 hectare lot, has pools, a clubhouse, a central park with jogging path, and mini-event area.
Towers A and B have one-bedroom units sized 26-28 square meter (sq.m.) and two-bedroom units sized 49-63 sq.m. Units at the first two towers are already sold out.
Tower C offers one-bedroom units at 26 sq.m. and two-bedroom units at 49 sq.m. Tower D has one-bedroom units (30-35 sq.m.) and two-bedroom units (49 sq.m.). Tower C has a few units left, while tower D is 50% sold.
From a pre-selling price of P55,000 per sq.m., The Hive’s units are now selling for up to P100,000 per sq.m.
Ph1World Developers named the project “The Hive” to capture the busy, on-the-go nature of city living in the backdrop of the countryside.
“So there is that laid back feeling, but there’s a lot to do in Hive because of amenities we provide. We are actually in the main thoroughfare,” Ms. Alcantara said.
Ph1World Developers expects The Hive to signal the entry of further developments in the area.
“When we built that it became, instantly, a landmark in the area… It triggered the entry of even the major developers in the area,” she said.
The construction of the C6 road extension, she said, would link Taytay to Metro Manila and create an opportunity for the value of land area in Taytay to appreciate.
“The property is very strategic to the development of the government so the investors will soon reap the benefits…This is a testament to why bigger developers are following,” she said.
Located between Marcos Highway and Ortigas Avenue Extension, the property has access to Waltermart, and has Puregold Tropical, STI Academic Center, Assumption Antipolo, and Manila East Medical Center in its immediate vicinity.
Tower C will be ready for turnover in December of 2020 while tower D is expected to be ready by 2021.
Ph1World Developers is run by Edgar B. Saavedra, founder and chairman of Megawide. The construction company delivered exterior walls, stairs, and half-slab for The Hive.