Sunshine Fort -Japanese-inspired residential and retail complex in the Philippines. It will rise within Federal Land’s 10-hectare Grand Central Park development in BGC, right next to the Grand Hyatt Hotel.
GT Capital group’s property arm Federal Land Inc. has teamed up with two Japanese firms, Nomura Real Estate Development Co. Ltd. Isetan Mitsukoshi Holdings Ltd, to jointly finance and develop a $400-million retail and residential complex in Bonifacio Global City.
The big property project called Sunshine Fort Landmark, which is targeted for completion by 2025, is pitched as the first-of-its-kind Japanese-inspired residential and retail complex in the Philippines. It will rise within Federal Land’s 10-hectare Grand Central Park development in BGC, right next to the Grand Hyatt Manila Residences and Grand Hyatt Hotel.
Sunshine Fort will have four residential towers, ranging from 41 to 51 floors, which will feature the Japanese elements of functionality, safety, harmony with the environment and simplicity. It will also have a shopping mall to be curated and developed jointly with Isetan Mitsukoshi, featuring Japanese fashion brands, food and cosmetics.
Courtesy of Skyscrapercity.com
Advantages of Under-Construction Property
- Better Affordability & High Returns - You can afford a bigger under-construction property in the same budget because such properties are sold at 5-10% discount compared to ready to move in properties in the same locality. Therefore, the returns on investment are higher because of low entry cost and as the property gets fully developed, the rates are at par with other properties in the vicinity.
- Better Choice - While booking an under-construction property, you can choose the location of the flat or plot as many units are available. Whereas, when you search for a ready to move in house, only few units will be available in the locality.
- Payment Flexibility - In an under-construction property the builder offers different payment plans - downpayment plan, construction linked plan, subvention schemes etc. You can choose your payment plan based on your convenience. For a ready to move in property, you will get only 2-3 months for complete payment.
- Renovate as per your Choice - An under-construction property once completed will be a brand new property and you can renovate or modify as per your liking whereas in a ready to move property the scope to modify is limited or else it will be a very costly affair.
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