Condominiums are getting more affordable. As more and more people look at the high-rise lifestyle as the ideal way to live, builders and developers try to come up with ways to make costs reasonable for buyers. What remains unexplored in the country's real estate industry is the Build Your Own (BYO) system, a buyer-to-builder way of purchasing condo units for 40 per cent less than the usual price that proved to be effective in the United States, Australia, Hong Kong, and Singapore.
The BYO system brings buyers closer to the project managers and builders and eliminates the costs associated with the middleman and other various overheads which can add up to 40 per cent to the cost of a condo unit. The buyer effectively becomes the owner/ developer of the project and through the project manager and the development team, manages the construction of the project from start to finish.
Proven to be successful abroad, the BYO system has finally been brought to our shores by the First Global BYO Corporation (BYO Corp.), which will introduce this innovative method with its residential high-rise project known as "Fort Palm Spring" in the Bonifacio Global City, Taguig. Recognized by the Philippine Federation of Home and Land Developers Association for its pioneering efforts in introducing the BYO system and making high-rise living more affordable, BYO Corp. prides itself on its impeccable credentials as a world-class project manager of multi-million dollar residential and commercial developments, with over 35 years of experience, in the US, Australia, China and Hong Kong.
As added security, BYO Corp. has appointed Banco De Oro (BDO) as its "Guardian Bank", which will ensure that the money invested by buyers is safeguarded and is only spent directly on the construction of their units at Fort Palm Spring. Every payment made will be independently checked and verified by the bank, the architect and the construction manager to ensure the absolute security of the buyer's money.
BYO Corp. has assembled the best development team available which includes SM Mall of Asia's architect Robert Carag Ong, construction project manager, TCGI; general contractor, CE Construction Corp; depository and disbursement bank, Banco De Oro; and overall project manager, BYO Corp. Together, the group has a combined 150 years' worth of experience and success in the real estate industry.
In the hands of this formidable team, Fort Palm Spring is set to become an architectural masterpiece in the heart of the Bonifacio Global City with its cutting-edge building design, beautiful sky gardens and breathtaking landscape lined with palm trees which evoke the relaxed tropical way of living reminiscent of the world-famous resort town of Palm Springs in the US. Rising up 28 floors, Fort Palm Spring offers 232 luxurious and spacious homes with a choice of studio, one-bedroom, two-bedroom and three-bedroom units in standard finish or model unit finish. Most units have magnificent views of the Global City, the Manila Golf Club and the Makati skyline with prices starting from as low as P1,900,000. All residents are assured of tight 24-hour security, ample carparking and access to three high-speed elevators and first class amenities including a sauna, spa, fitness gym and indoor and outdoor swimming pools.