Connect with us

Hi, what are you looking for?


Ortigas Land launches 52-storey residential tower

ORTIGAS Land Corp. on Thursday launched its 52-storey mid-market residential tower at the Ortigas Center called Olin at Jade Drive, which it aims to complete in the next six years.

“This newest development is very exciting for us as this launches our venture into the mid-market segment within the Ortigas CBD (central business district),” Ortigas Land Assistant Vice-President and Residential Business Unit Head Jenna J. Belardo said in a statement.

In a press briefing, Ms. Belardo said that OIin at Jade Drive is in a “strong” location due to its accessibility to public transportation in the area.

“It is very much accessible. It is about an eight- to 15-minute walk through major transport hubs like the MRT and the future subway station,” Ms. Belardo added.

The property will offer about 1,245 units within 43 floors of the residential areas of the building. It will also offer one floor as a retail section for essential goods and services.

Residential units will be split between 1,031 studio units ranging from 19 square meters (sq.m.) to 25 sq.m., and 214 one-bedroom units ranging from 32 sq.m. to 36 sq.m.

Ms. Belardo said the price of the units ranges from about P6 million to P7 million for studio units, and about P9 million to P10 million for one-bedroom units.

The company expects about P8 billion in total unit sales from the property, she added.

“Olin at Jade Drive will offer flexible payment terms for up to 72 months, suitable for those interested in finding a home or valuable real estate investment within Ortigas Center,” the company said.

During its priority selling launch in April, the company sold about 43% of its total inventory, or 536 units with a total price of P4.3 billion.

To date, the company has sold about 54% or 671 units with a total value of P5.5 billion.

Ms. Belardo said the company’s capital spending for the residential building is about P3 billion, excluding the amount for the purchase of land.

The building will also house a co-working area as the location is geared towards young professionals in adjacent offices and students in nearby academic institutions.

Amenities for residents will include a gym, garden, lounges, pools, and function hall “to cater to the modern city dwellers’ needs.”

The tower will also house seven podium parking levels and two basement parking with 318 total parking units available.

Ortigas Land expects to turn over its mid-market property by the latter part of 2029. — Adrian H. Halili

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Inflation in the Philippines is driven by supply-side factors, and does not warrant a monetary policy response, National Economic and Development Authority (NEDA) Secretary...


Kinetix +’s doors were opened to an invite-only Media and VIP launch on Oct. 18, 2023. Kinetix + is the newest training facility in...


The culinary world joins the Hapag Movement Globe, in partnership with Facebook Online Community Fine Dining Club Philippines, proudly introduces the “Gourmet Giving Series:...


Britain’s financial regulators have confirmed that the cap on bankers’ bonuses will be scrapped from next week as part of a post-Brexit bid to...


The UK unemployment rate remains low, according to the latest official figures. The figure stood at 4.2% in the three months to August this...


By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver an off-cycle rate hike as early as Thursday this week, its...

You May Also Like

Top News

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...


The Toto site’s user-friendly interface makes it easy for both beginners and experienced gamblers to navigate through the various features. “¸ÔÆ¢Æú¸®½º site is a...


Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...


JUNIOR FERREIRA-UNSPLASH The Philippines is a very small power market by ASEAN standards, with market demand peaking at 15 gigawatts (GW) compared to Thailand’s...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.