SMDC expects Sands Residences will be sold out this year
BY Business Mirror
• 5 min. read
TOP property developer SM Development Corp. (SMDC) is expecting to sell out its rising upscale waterfront development called the Sands Residences by end of this year on the back of renewed interest of homebuyers and investors in real estate, said a ranking official.
“Researchers like Colliers, Lee Chiu, etc. provide data about this, and they are bullish about the property development sector,” Sands Residences Project Director Sharon Marcial told the BusinessMirror in an interview during their relaunch event held recently at the Diamond Hotel in Manila. “We believe it so because even the Sands, there’s a resurgence of interest and sales, not just abroad but locally as well.”
In fact, 65 percent of the total 2,367 units are already taken up at present, according to her. She said: “It’s more than half of the inventory. And then, there are [more units] that we haven’t made available yet—[those] facing the Manila Bay and the penthouse.” Launched in 2021, Marcial bared that the 51-floor residential tower is now 40 percent constructed. Given this, she is confident that they are on track to turn over all of the units upon completion of the project by the last quarter of 2026.
Beacon of Luxurious Living
SANDS Residences is the only new residential project that is now rising along Roxas Boulevard amidst the vibrant mix of modern and historic buildings, thus blending well with the city’s past while embracing its future directions.
Led by ASYA Design Partners, this high-rise condominium project boasts of architectural masterpiece that flawlessly incorporates contemporary style with the vast heritage of Manila Bay. The amazing vistas of the world renown natural harbor that serves the Port of Manila catches the core of coastal living. Harmonious to its aesthetic features, X.SPACE Design imparts the interior and landscape with elements influenced by the lively colors of the Bay’s famed sunset, creating a spectacle for both the residents and guests.
This towering vertical project houses a studio and one-bedroom (1BR) unit, spanning from 21 square meters (sq m) to 23 sq m, with prices ranging from P7.5 million to P14.5 million; 1BR end unit with balcony, from P8.7 million to P10 million; 2BR and 2BR end units spanning at 38 sq m, from P11 million to P19 million.
Such master-planned condominium boasts of the city’s skyline and the panoramic views of the stunning sundown. Stepping onto it, a beach-inspired lobby lounge welcomes every guest with its iconic art installations, set amidst green walls, thus creating a vibe similar to the soft sand and seashells along the golden beach.
Luxury and comfort are at their best here—thanks to its five-star hotel-like amenities and facilities, such as a grand lanai, a lap pool, a kiddie pool, a gym, and The Sand Bar Lounge. Its strategic location offers convenience and accessibility to centers of arts and culture, shopping and entertainment hubs, and key business districts in Manila.
This is the first SMDC project that is BERDE-certified on the back of its “green” features, including the usage of motion light sensors, energy-efficient building and construction materials, and wastewater collection and waste disposal system in place.
Apart from singles and new families wanting to reside along Roxas Boulevard, Sands Residences also targets investors who want to monetize their investments. With SMDC’s Good Stays, this official leasing arm of the developer will take care of either a long-term lease or short-stay lease staycation for the units, including furnishing, housekeeping, maintenance, and repairs.