1 Bedroom Condo for sale in Park Terraces, San Lorenzo, Metro Manila near MRT-3 Ayala, Makati, Metro Manila
Makati, Philippines
Guide Price
$451327
25500000 PHP
PROPERTY TYPE
condo
BEDROOMS
1
BATHROOMS
1
Description
PARK TERRACES - MAKATI CITY Park Terraces
Features and
Amenities Park Terraces Unit
Features
Ayala land Premier reveals another gem to add to the glittering Makati Skyline. PARK TERRACES is the latest prime residential enclave to rise in the new master-planned AYALA CENTER REDEVELOPMENT. With unparalleled access to hotels, lifestyle retail, offices, and schools, Park Terraces offers an array of stunning choices! A cornerstone in the forward-thinking vision of the new Ayala Center, Park Terraces brings forth unmatched access, commanding views and a most distinctive living experience.
It is said that design is in the details – that is why at Park Terraces, much time was spent thinking
about how people will live inside their homes to shape enviable environments.
AMENITIES AND
FACILITIES FOR TOWER 1 AND TOWER 2
Outdoor infinity lap pool
Fully equipped fitness center
Social Hall
Function Rooms
Indoor and outdoor children’s play area
Courtyard gardens at the Podium level
EFFICIENCY
FEATURES
Motion sensors for light in select common areas
Maximized natural ventilation for common areas
Common Area toilet fixtures with low-flow and dual-flush
features
Energy-efficient light fixtures in common areas
CONVENIENCE AND SERVICE
Four (4) High Speed Elevators
Four (4) levels of basement parking*
Elegantly-designed, air-conditioned Ground Floor lobby*
Mail Room
Administrative Offices and Conference Rooms*
Centralized sanitary disposal system
Provision for a Laundromat*
SAFETY AND SECURITY
Semi-addressable fire detection and fire alarm system
24 hour security and building maintenance*
Proximity card access for security
100% back-up power
*to be shared by residents of Tower 1 and Tower 2
Functional kitchens with built-in appliances (only cooktop and rangehood)
Other appliances provided in the unit: Airconditioning units for bedrooms* and living/dining areas and water heaters for kitchen and bathrooms
Kohler and Grohe (or equivalent) bathroom fixtures
Master switch cards for units which automatically switches off lights and appliances (Except for ref)
Individual metering for water and electricity
Maximized natural ventilation
Audio Guest anunciator system
CATV provision for all bedrooms and living area
Provision for 2 telephone line service providers per unit
Telephone outlets for all bedrooms*, living and dining areas
Duress button in the Master’s Bedroom Telephone number: View Phone
Living in Makati
The Philippines' original financial hub with excellent walkability in neighborhoods like Salcedo and Legaspi Village, where you'll find upscale dining, international schools, and top hospitals within walking distance. English is universal here (the Philippines' biggest advantage for American expats), keeping daily life frictionless. It's the priciest area in the Philippines but still very affordable by US standards, with modern condos and a large expat community.
Island-hopping on weekends, karaoke as a national religion, and a Filipino hospitality so genuine that you will be adopted by your neighbor's entire extended family before your first month is over.
Visa
SRRV (Special Resident Retiree Visa) — available from age 40+. Requires $15,000-50,000 deposit depending on age and pension status. Grants indefinite stay with multiple-entry privileges. SIRV (Special Investor Resident Visa) — requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the Philippines→Key Fact
English is an official language and widely spoken — making the Philippines the easiest Asian country for American expats to navigate daily life. Private healthcare is excellent and affordable, but infrastructure outside Manila can be underdeveloped.
Learn more: The Cheapest Cities to Live Abroad→Philippines at a glance
How Philippines scores for American expats
Cost of buying in Philippines
Estimated fees and ongoing costs for this property
Closing Costs
5-8% of purchase price
- ·Transfer tax: 0.5-0.75%
- ·Documentary stamp: 1.5%
- ·Capital gains tax: 6% (seller, but often negotiated)
- ·Registration: ~0.25%
- ·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
₱5,000-15,000/yr
HOA / Condo Fees
₱3,000-10,000/mo for condos
Good to Know
Agent Fees
Seller pays (3-5%)
Foreign Buyer Note
Foreigners CANNOT own land. Can own condo units (max 40% foreign quota per building). Houses possible via long-term lease or Filipino spouse.
Legal help in Philippines
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Philippines?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Alfredo Lomocso
Next steps for moving to Philippines
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
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