ZFDI executives present during the media launch were (from left) administrative head Nicole Tong, deputy general manager Vincent Yang, and vice president of sales and marketing Paul Chua
Aiming to deliver high-quality living within one of the bustling business and recreational areas of the Metro, Zhongfa Development Inc. (ZFDI) brought to life Oceanaire, a condo development in Pasay City. ZFDI believes their flagship development, which boasts of “hotel-grade amenities and facilities”, will be able to provide an affluent and lavish lifestyle.
Adding to its air of extravagance is the fact that it stands within the soon-to-be developed Entertainment City in Pasay. Entertainment City, the billion-dollar project of the Philippine Amusement and Gaming Corporation (PAGCOR), will be the site of four giant gaming centers: Solaire Resort and Casino, which began operating in 2013; City of Dreams, The Manila Bay Resorts, and Resorts World Bayshore.
“Oceanaire is a project which truly captures the essence of living the best of many worlds. It’s not only the best in its location or its amenities or its nearby establishments; what we offer at Oceanaire is the lifestyle experience,” sales and marketing VP Paul Chua said during a press launch.
Oceanaire is composed of four 17-storey towers: the ground floor is for commercial use, floors 2 to 7 are for condotel units, parking, and amenities; and floors from the 8th level up contain only 12 residential units each.
Studio units are 37.12 sqm and sell for Php 5.5-6.6 million. One-bedroom units are sized 44.48-56.30 sqm, while two-bedroom units are 90.92-126.42 sqm. Three-bedroom units, which range from 105.37 sqm to 118.38 sqm, are priced at Php 16-18 million. Units are sold with basic furnishings, such as air conditioning, electric stove with range hood, and cabinets.
In a move to make Oceanaire more eco-friendly, the windows have been built with double-tempered glass, which regulates the heat coming in and encourages residents to use less power in cooling their units. Chua noted that they also considered installing solar panels, but ultimately decided to save it for future developments as Oceanaire is already nearing completion.
To improve the look and feel of Oceanaire, ZFDI recently collaborated with internationally renowned firm Budji + Royal Architecture and Design, whose portfolio includes Discovery Shores in Boracay, Travel Cafe Philippines in Greenbelt 5, Makati; Surin Development in Phuket, Thailand; and the Mamgorah Showroom in Tel Aviv, Israel.
“When we partnered with Budji + Royal for the design make-over, it’s already one of the confirmations that we are really serious in providing the best for our clients,” Chua explained, saying that the change gave the development a “modern and classy look” that matches the contemporary lifestyle it represents.
According to Chua, ZFDI also offers several value-added services, such as property management for buyers looking to lease out their units, as well as special deals and discounts for those who are interested in consulting with Budji + Royal for their units’ interior design.
Zhongfa sees their sales numbers as a good sign that the public is responding favorably to Oceanaire. They announced that the first two towers, which were launched back in 2011, are nearly sold out: Tower 1 has only 4 to 5 units left, while Tower 2 is 83% sold. Since their launch in May 2013, Tower 3 is now 20-30% sold out and Tower 4 only has 30% of its units left available. While he didn’t get into specifics about their initial investment into the project, Chua believes completely selling the units in all four towers will result to a return of about Php 4 billion.
ZFDI says they’re already mapping out their plans for the future, revealing that they’re currently working on a new project along Chino Roces Avenue in Makati, and are going to build hotels in Cebu and Palawan. Chua also disclosed that ZFDI sees great opportunities in the community development sector, and hinted that the company might be venturing into it soon.
ZFDI, the Philippine branch of Beijing Zhongfa Group Company, was founded and registered in Manila in December 2010. The group started their first development, the 6,000 sqm Golden Phoenix Hotel in Boracay Island, in 2007. In 2011, ZFDI partnered with Federation of Filipino-Chinese Chambers of Commerce and Industry president Dr. Alfonso G Siy for the development of their flagship project Oceanaire. Turnover of Tower 1 began in July 2014, and the company expects turnover of all four towers by the end of the year.
The new façade of Oceanaire as designed by Budji + Royal
The entrance leading to the hotel lobby
A studio unit in Oceanaire
Photos courtesy of Zhongfa Development Inc.