SOUTH OF MARKET

After Essensa, SoMa. A 39-storey twin tower residential development in Fort Bonifacio. The only fully-fitted and fully-furnished residential condo in the Philippines. Expectedly remarkable. Suprisingly affordable.

From the developers of Essensa, recognized by Asiaweek as the best residential building in the Philippines, comes another breakthrough development. South of Market or SOMA for short. It’s for smart buyers who wish to get a more luxurious home without investing in too much money. With unit prices starting at only 2.9 Million, SOMA offers exceptional value.

South of Market has been carefully planned with condominium users in mind. All units are corner units, allowing for spectacular views from all bedrooms and living areas. Additionally, with all the units coming in fully-fitted and fully-furnished, living stars when the unit is turned over. No messy outfittings. No time-wasted buying appliances and fixtures. It’s the new way of owning a condo.

The Co-Development Concept

- A cooperative [coop] approach.

- Investors become co-developers instead of buyers.

- Development manager handles all aspects for a fixed fee.

- Funds go into a collective depository and disbursing account.

- Eliminates the risk of financial mismanagement – funds are administered by a trustee bank.

- Proven concept in USA & Europe.

Be A Co-Developer

- With one of the Country’s Leading Real Estate developers, with 2 decades of development experience.

- With the developer of world-class luxury residential condo ESSENSA, judged as the best residential building in the Philippines by ASIAWEEK magazine.

Why Invest in Real Estate Now?

- Philippines sustained annual growth rate of 4.5% p.a.

- Population growth continues at 2.3% p.a.

- Metro Manila now a Megapolis at 11 Million people.

- Real estate now in a strong recovery.

- Few supply of new residential buildings since 1997 crisis.

- Buy with devalued peso at all time low.

- Hedge againts future real estate price increases.

Major Advantages of South Of Market

1. Land is fully paid.

2. Co-Developers own everything from DAY ONE.

3. As a co-development project, units are:

- VAT free [saving of 10% of unit price]

- DOC stamps and transfer taxes free [savings of 2% of unit price].

This translates to huge savings for you, compared to other residential buildings in the vicinity.

Note: The present laws of co-development do not require co-owners to pay VAT, Doc Stamps & transfer taxes. However, if the laws are amended by the government in the future, the project proponents will not be liable for said taxes.

What’s The Difference Between South Of Market And Others

- SOMA is the only building in the Philippines to deliver units that are fully fitted and fully-furnished! This makes moving in worry-free and hassle free.

- Each unit comes complete with a washing machine, airconditioning unit per bedroom, refrigerator, cooktop, rangehood microwave; Flatscreen TV, DVD player, entertainment sound system; Living room set including a sofa, coffee table and chair; Dining room set including a dining table and chairs; bedframe in eahc bedroom; kitchen cabinetry; Phine line and Cable TV provisions; Closets for bedrooms.

- Compared to others, SOMA will not wait for 80% of the total units committed . . . Construction starts immediately, hence project will finish earlier.

- Meridien guarantees completion at the fixed indicated value of the units. For exaple, Meridien will not charge buyers [who have already committed reservations] a price increase labor cost or prices of construction materials go up.

- You become an automatic member of SOHO club.

South Of Market vs. Its Nearest Competitor

DEVELOPER REPUTATION

- Developed by Meridien Development Group – developer of ESSENSA, judged as the best residential building in the Philippines

COMES FULLY-FURNISHED & FULLY-FITTED

- Other condominiums which are NOT FULLY FURNISHED will require a sustantial additional expense on the part of the buyer, not to mention the hassle, time and expense of installing them.

PAYMENT TERMS

- Easier on the wallet.

- NO VAT, doc stamps and transfer tax.

LOW DENSITY

- only 350 units per tower.

CONSTRUCTTION TIME

- Meridien will guarantee completion of South Tower 2 years [2007].

VIEWS

- Will offer stunnign view of Laguna de Bay and surrounding vicinity because SOMA is 39 storeys high.