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AYALA PARK TERRACES, MAKATI

PROJECT CONCEPT AND MASTERPLAN

Park Terraces is the prime residential enclave in the newly redeveloped Ayala Center. Its Ayala Center
address provides residents all the convenience as well as little luxuries within arms’ reach.

Park Terraces will be a three-tower development, with a shared motor court and a contiguous basement
parking. Towers 1 and 2 will share a lobby and podium amenities. Tower 3 will have its own lobby and
podium amenities. Retail spaces for establishments such as cafes, restaurants, wellness outlets, and
service retail will be located at the ground level. Located at the eastern side is the landscaped greenery,
which also serves as a pedestrian access to Glorietta. Park Terraces’ basement parking will have an
underground connection to the basement parking system of Ayala Center. This will give residents the
choice of multiple access points to and from main Makati City thoroughfares.

AMENITIES AND FACILITIES FOR TOER 1 AND TOWER 2

• Outdoor infinity lap pool


• Fully equipped fitness center
• Social hall
• Function rooms
• Indoor and outdoor children’s play areas
• Courtyard Gardens at the Podium level

TOWER 1 BUILDING FEATURES

EFFICIENCY FEATURES

• Motion sensors for lights in select common areas


• Maximized natural ventilation for common areas
• Efficiency features for Common Area toilet fixtures*

SAFETY AND SECURITY

• Semi-addressable fire detection and alarm system


• 24-hour security and building maintenance*
• Proximity card access for security
• 100% back-up power

CONVENIENCE & SERVICES

• Four (4) High Speed Elevators


• Four (4) levels of basement parking*
• Elelgantly-designed, air conditioned Ground Floor lobby*
• Mail Room
• Administrative Offices and Conference Rooms*
• Centralized sanitary disposal system

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AYALA PARK TERRACES, MAKATI

• Provision for a Laundromat*

*to be shared by residents of Tower 1 and 2

UNIT OFFERINGS

UNIT TYPE NO. OF UNITS AVERAGE UNIT AREA* AVERAGE BALCONY


(Excluding Balconies) AREA
Studio 96 42 n/a
1 Bedroom 139 71 7
Special 1 Bedroom 9 88 n/a
2 Bedroom 48 106 8
Special 2 Bedroom 44 140 15
3 Bedroom 28 179 22
3 Bedroom Penthouse 6 269 50
TOTAL 370 88 8

*Approximate areas only. Please refer to specific unit plans for areas of specific units

Exclusive, limited inventory of highlight units:

** Select 1-bedroom suite with flex rooms on the 31st and 39th floor
*** Two 2-bedroom Veranda units with balconies for each bedroom on the 19t and 22nd floor
**** Two 3bedroom Sky Terrace penthouse units with private terraces

TURNOVER

Turnover of units will be carried out in tranches determined by floor level, beginning first quarter of
2015
Tranche 1: 2nd floor to 15th floor, beginning 1st quarter 2015
Tranche 2: 16th floor to 27th floor, beginning 2nd quarter 2015
Tranche 3: 28th floor to 39th floor, beginning 3rd quarter 2015
Tranche 4: 40th floor to 49th floor, beginning 4th quarter 2015

ABOUT THE BUILDING

1. What are the views from the units of Park Terraces’ first tower?

Park Terraces offers an array of views.

Select units at lower floors will have choice views of the parks and landscaped areas
(Terraces Square and Palm Promenade*) the motor court and the garden and pool at the
Podium level.

*temporary name

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AYALA PARK TERRACES, MAKATI

2. What lifestyles can a future Park Terraces, resident look forward to?

Being inside Ayala Center, Park Terraces offers a wide array of choices from the most luxurious
to the most basic services, dining, shopping, fitness and entertainment experiences.

The country’s most prime hotels, such as Makati, Shangri-la, Fairmont Hotel, Hotel Dusit Thani
Manila, Intercontinental Hotel, Renaissance Makati Hotel, and Ascott Makati, adds to the
choices of available to residents.

Greenbelt provides a selection of exquisite dining places, state-of-the-art cinemas, live theater
performances, the Ayala Museum, global premium brands, and a showcase of Filipino artistry.
The redevelopment of Ayala Center unveils a new Glorietta that will house an even wider array
of retail choice, enhanced with landscaped promenades and gardens.

3. How can residents access Park Terraces’ parking?

Park Terraces residents may access the development via the following entry/exit points:
• Ramp system along Arnaiz Avenue
• Motorcourt
• Terraces Square interceptor ramp along West Drive
• Various entry/exit points to the Ayala Center Basement Parking

4. What establishments and landmarks are near Park Terraces?


• Within ½ Kilometer
I. Asian Institute of Management
II. Assumption College
III. Landmark
IV. Rustan’s Ayala Center
V. SM Makati
VI. Sto Nino de Paz Church located at Greenbelt Park
VII. Philippine Stock Exchange
VIII. Ayala Triangle Gardens

• Within 1 Kilometer
I. Colegio de San Agustin
II. Nearest MRT Station

• Within 3.5 Kilometer


I. Makati Medical Center
II. St Luke’s Medical Center Bonifacio Global City
III. Manila Golf Club
IV. Manila Polo Club
V. International School Manila
VI. Manila Japanese School
VII. British School Manila

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AYALA PARK TERRACES, MAKATI

ABOUT THE UNIT

1. For lower floor units, what measures will be undertaken to lessen any noise coming from the
outside surroundings, especially those who have 24-hour operations (BPO and 24/7 cafes)?

Included in the design of the building is the double glazing of the windows from 2nd to the 15th
level.

2. How will the traffic in the area of Park Terraces be affected once the towers are built?

Being part of Ayala Center, Park Terraces will also benefit from the progressive traffic planning
and management systems to be implemented within the Ayala Center.

3. What appliances will be provided in the Park Terraces units?

The residential units will include air-conditioning for all bedrooms (except for maid’s room and
bathroom), living and dining areas, water heater for the kitchen and bathrooms and range hood
and cook top (only) for the kitchens.

ABOUT FINANCES

1. How much is the rental potential of units in Park Terraces?

Current rental rates for premium condominiums within Makati ranges from PHP 140,000 to PHP
150,000 per month.

*Since rent is greatly influenced by several market factors, the developer cannot guarantee the
growth rate.

2. Is the balcony area included in the price list of the unit?

Balconies at Park Terraces are defined in the Master deed as Limited Unit Common Area. Thus,
the area considered in the list price is the unit only.

3. Are parking spaces appurtenant? What are the guidelines/parameters of purchasing a parking
slot? How many parking slot can a unit owner purchase? If a unit owner decides not to
purchase a parking slot, what are his other options in terms of parking?

The parking slots are not appurtenant to the unit. The buyer has the option to choose and
purchase parking slots among those available for sale. Only unit owners can purchase parking
slots, and identified parking slots for sale will be made available on a first-come, first-served
basis.

Based on the units purchased, a units owner can purchase a maximum number of parking slots.

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AYALA PARK TERRACES, MAKATI

Unit Type Max no. of slots


Studio 1
1 Bedroom 1
2 Bedroom 2
3 Bedroom 2
Penthouse 3

4. What will be the structure of the Condominium Corporation of Park Terraces?

All towers of Park Terraces will form part of the one Condominium Corporation, with two (2)
districts. Tower 1 and Tower 2 will form District 1, and Tower 3 will form District 2. Each district
will have a Residential and Commercial Zone.

5. How much are the association dues?

The association dues will be computed at the time of the establishment of the Condominium
Corporation, based on the formula indicated in the Master Deed. Current average monthly
association dues of similar type-condominium developments range from PP 93/sqm to PHP
115/sqm. Payment of association dues will commence upon turnover of the unit to the buyer.

6. Will the area of the balcony be included in the association dues?

The balcony being a Limited Unit Common Area will only incur expenses, such as Real Property
Tax and insurance. The master deed requires the unit owner to pay for the share in the
expenses of all Limited Unit Common Areas. The share will depend on the size of the balcony
and/or Limited Unit Common Area of the unit relative to the total Limited Unit Common Area in
the tower.

7. Will the dues for the amenities at the towers be shared among all the unit owners of Park
Terraces?

At full development, Tower 1 and Tower 2 residential unit owners will share the amenities, thus,
they will also share in the maintenance and operating costs of these shared amenities. The
motorcourt and easements at the ground floor and basements, as well as the other common
areas identified to be shared by the three (3) towers, will be shared by all three towers.
Common areas identified as those shared with the Commercial units will be shared by the
residential towers and the commercial units.

UNIT FEATURES
• Functional kitchens with built-in appliance (only cooktop and rangehood)
• Other appliance provided in the unit: Airconditioning units for bedrooms, living/dining areas
excepts the maid’s room, and water heaters for kitchen and bathrooms.
• ® ®
Kohler and Grohe bathroom fixtures
• Master switch cards for units which automatically switch off lights and appliances (except
for refrigerator)

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AYALA PARK TERRACES, MAKATI

• Individual metering for water and electricity


• Maximized natural ventilation
• Audio guest anounciator system
• CATV provision for all bedrooms and living area
• Provision for 2 Telephone line service providers per unit
• Telephone outlets in all bedrooms, living and dining area
• Duress Button in the Master’s Bedroom

UNIT FINISHES AND APPLIANCE

Room/Area Floor Wall Ceiling Appliance/Other


Inclusions
Foyer* Engineered Painted Painted Gypsum
wood/Homogenous
Tiles
Living/Dining Area Engineered Wood Painted Painted Gypsum Airconditioning
unit
Powder Room Homogenous Tiles Painted Painted Gypsum
Balcony* Ceramic Tile n/a Painted
Master’s Bedroom Engineered Wood Painted Painted Gypsum Airconditioning
unit
Master’s T&B Homogenous Tiles Homogenous Tile Painted Gypsum Water Heater
for Shower
Areas/ Painted
Secondary Engineered Wood Painted Painted Gypsum Airconditioning
Bedrooms unit
Secondary/Common Homogenous Tiles Homogenous Tile Painted Gypsum Water Heater
T&B for Shower Areas
Kitchen Homogenous Tiles Painted Painted Gypsum Rangehood,
cooktop, water
heater
Utility Room Tile Painted Painted
Maid’s Room Tile Painted Painted Gypsum
Maid’s T&B Ceramic Tile Painted Painted Gypsum

• Engineered wood floorings for all bedrooms, living and dining areas *except maid’s room and
utility area
• Homogenous tiles in all bathrooms and kitchen
• Solid-surface countertops in all kitchens
• Stone bathroom countertops
• European-grade toilet and bath fixtures

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