MANILA, Philippines – Arthaland Corp. is pressing ahead with a high-end residential project in Makati, betting that affluent buyers will continue to seek premium addresses despite concerns over a slowdown and glut in the condominium market.
READ: Arthaland shrugs off condo glut on strong Laguna sales
The property developer recently broke ground for Sondris, a P12 billion, 37-story luxury residential tower in Makati City that it developed in partnership with Japan’s Mitsui Fudosan.
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The project signals Arthaland’s confidence in the resilience of the upper-end market even as some developers have become more cautious in launching new projects.FEATURED STORIES
