As part of its vision of creating the “Next Generation City,” D.M. Wenceslao and Associates Inc. has redefined the landscape of building master-planned communities in the Philippines. With the success of its first residential property, Pixel Residences, DMW Group through its residential arm Aseana Residential Holdings Corp. (ARHC), continues to venture into the residential sector with its newest project, MidPark Towers.
MidPark Towers is a four-tower residential project that offers comfortable living spaces with units ranging from 40 to 120 square meters.
The project takes inspiration from the live, work, and play concept. The result is an elegant real estate development that provides residents leisurely comfort with utmost convenience. It is located just across Ayala Malls Manila Bay and is near commercial and office buildings, the Ninoy Aquino International Airport, Parañaque Integrated Terminal Exchange (PITX), and Aseana City’s upcoming mixed-use development, Parqal.
Amenities are available for residents—private lobbies per tower, resort-like recreational pools, gym, kids’ play areas, library, and function rooms.
Majority of the units have balconies, providing residents with their own private breathing spaces—a luxury amid this pandemic. A low-density development, each tower at MidPark only has 13 to 19 units per floor, ensuring privacy and unparalleled home-living experience. To date, there are three towers with units up for pre-selling; Mercer Tower, Howell Tower, and the Malden Tower.
With studios and one-bedroom units, the Mercer Tower, the project’s maiden offering, had taken the immediate interest of the investor market.
Launched in 2018, it sold most of its units in less than three months. This prompted the immediate launch of the second tower. Launched in February 2019, the Howell Tower, designed for families or individuals desiring to have an exclusive space in the Bay Area, offers larger living spaces with a slew of two- and three-bedroom units. It features unobstructed views of Aseana City’s upcoming street park development, Parqal. And finally, property seekers can choose from investment-worthy units in Malden, MidPark’s newest tower that’s just across 8912 Asean Ave., DMW’s biggest office development to date. ARHC now gears up to launch its last and most premium offering from its fourth and last tower, showing full optimism in the months ahead.
In less than six months after its debut, MidPark Towers achieved more than P4.3 billion in pre-sales in the second quarter of 2019 with an average transacted price of P250,500 per square meter.
As of the third quarter of 2020, pre-sales values stood at 50 percent more than the previous year, at about P6.3 billion.
DMWAI residential project development lead Elton John Peralta said more than the numbers, the major achievement is the substantiated trust from the market.
“That we can actually build something that can compete amid a robust Bay Area real estate market. It pushes us to deliver to our commitment and at par with customer expectations,” Peralta said.
In adapting to the current landscape, new adjustments have been made, such as an improved website, online payment portal, and the MidPark Towers Experience Tour—a virtual walkthrough platform that can easily be shared via QR code and allows for a lifelike immersion into the myriad of MidPark’s living spaces. With construction in full-swing, MidPark Towers is currently at ground level, on-track for completion in 2025.
Aseana City stands to its acclaim of various recreational venues and public spaces, and with the rise of residential projects, the DMW Group goes beyond the standard of its competitors by offering an integration of convenient city life and holistic living.