SOUTH OF MARKET PRINCIPLE

You don't have to be rich to live at the Fort. Just very smart.

STRATEGIC LOCATION

South of Market [SoMa], a 37-storey twin-tower first-class residential development that is strategically located within the new commercial hub of the Fort Bonifacio Global City. Situated at the corner of thee 26 th and 11 th streets, SoMa is about a block away from the newly-opened Market! Market!, the country's newest shopping mall.

SMART LIVING

From the developers of Essensa East Forbes, judged by Asiaweek as the best residential building in the Philippines, SoMa is considered the exceptional, logical choice in condominium living.

SoMa has been carefully planned with condominium users in mind. All units are corner units with balconies, allowing for unobstructed, spectacular views from all bedrooms and living areas.

Additionally, with all units coming in fully-fitted and completely furnished, living starts with units are turned over. No messy outfittings. No time wasted buying appliances and fixtures.

It's the new way of owning a condo.

EXCEPTIONAL VALUE

SoMa's unit prices start at P2.9 Million and come with very attractive payment terms. Luxury suites are offered in 1 to 4 Bedroom configurations ranging from 39 to 230 sq.m., using a low density floor plan.

Under SoMa's unique co-development approach, residents become co-investors, instead of merely buyers. This approach allows residents to save approximately 12% on VAT, Doc Stamps and transfer taxes, versus any other condominium in the country. Availing of a SoMa luxury residence allows you to get the most value out of your hard earned money.

FULLY FITTED & COMPLETELY FURNISHED

Each SoMa unit is delivered with the following:

• Air-conditioning in each bedroom
• Kitchen cabinetry
• Refrigerator
• Cooktop, Rangehood, and Microwave
• Washing machine
• Sony flatscreen TV
• DVD player
• Entertainment Sound System
• Dining room set
• Living Room set
• Bedframes for each bedroom

SoMa residents shall enjoy the comforts of condominium living with well-planned amenities such as:

• A THX theater movie room
• Function rooms and owner's lounge
• A Swimming pool, locker rooms and a fully-equipped gym with personal trainer
• Concierge and Doorman-assisted entry
• Automatic membership with the SOHO Club. The Soho Club is a private membership club open to residents of select Century developed condominiums. Member benefits include various perks, privileges and discounts to select merchants around the area.

NEARBY ATTRACTIONS

Over and above the comforts of well-planned amenities within the building, SoMA provides you with accessibility to the following:

Shopping

Market! Market!, PriceSmart, Glorietta, Rockwell, MC Home Depot, San Antonio Arcade, Rustan's Supermarket,

Schools

International School, Japanese School, British School, Victory Learning Institute, Makati Gospel Church, Assumption, Collegio de San Agustin, Summit School

Leisure

Manila Polo Club, Manila Golf, Sports Kamp, Fitness First

Restaurants

Le Souffle, Minggoy's, Good Earth, Trio, Zong, Pasto, McDonald's, Jollibee, Pancake House, Gourmand, Go Nuts Donuts, UCC, Starbucks, Trio, over a dozen more restaurants at the Fort and Bonifacio Stopover.

Hospital

St. Luke's Medical Center [soon to rise], Mercury Drugstore at the San Antonio Forbes Plaza

Church

Santuario de San Antonio

ESTIMATED PROJECT COMPLETION DATE

December 2007

NOTE: The present laws of co-development do not require co-owners to pay VAT, Documentary Stamp and 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 IS THE CO-DEVELOPMENT CONCEPT

• A cooperative [COOP] approach
• Proven concept in the United States and Europe
• Clients become co-developers instead of buyers
• Clients become investors in the corporation that will develop the project
• Units are VAT, documentary stamps and transfer taxes free. This equates to 12% savings vs. any other condominium in the country.
• Funds go into a collective depository and disbursing account for better financial management

A BALIKBAYAN'S GUIDE TO BUYING REAL ESTATE IN THE PHILIPPINES

Filipinos away from home who want to invest their money in real estate would do well in familiarizing themselves with the laws that govern land acquisition in the Philippines as stated in the Constitution. There is no better way to secure a brighter future than to have a place of your own here at home.

Here are some facts that you will need to know before you proceed with any transaction and buy your dream residence in the Philippines :

• Only Filipino citizens and corporations and associations at least 60% of whose capital is owned by Filipinos may acquire private lands.
• Foreigners and balikbayans may purchase condominiums provided the distribution of ownership of the whole project is maintained at 60% Filipino and 40% Foreigner
• Children born to a Filipino parent, whether legitimate or illegitimate, may inherit the property of the Filipino parent, even if the child is not a Filipino citizen.

HOW TO AVAIL OF A UNIT VIA THE CO-DEVELOPMENT CONCEPT:

For Clients based in the Philippines:

1. Your servicing Solicitations Manager shall assist you in project viewing, selection, and closing of Unit, collection and documentation of purchase, and after-sales requirements.
2. Once you have chosen a Unit, a Pro-forma covering Unit details, Total Contribution Cost for the specific unit, and Contribution Terms shall be prepared by your Solicitations Manager. This Pro-forma, in triplicate, shall then be sent to you for confirmation together with a Co-Developer's Information Sheet for your completion.
3. Upon signing the Pro-forma, kindly retain a copy for your file and return the remaining two [2] copies to us together with a P 50,000 check payable to MERIDIEN EAST REALTY & DEVELOPMENT CORP. as initial reservation contribution and the completed Co-Developer's Information Sheet. [For provincial clients, all documents must be sent to us via courier service [Aboitiz, FEDEX, UPS, DHL]
4. Once we receive your signed Pro-forma, completed Co-Developer's Information Sheet and Reservation fee, the Unit shall be reserved under your name. We shall then send you a Reservation Commitment for your signature together with the Acknowledgement Receipt for your signature.
5. Upon signing the Reservation Commitment, please return the same to us for our Officers to sign and for notarization, together with your complete post-dated checks to cover your monthly contributions. Once this is done, we shall send you a copy of said document and an Acknowledgement Receipt.
6. Upon full completion of the Initial Contribution and submission of complete post-dated checks, a Construction Management and Coordination Contract shall be prepared and sent to you for your signature. Upon signing, please return all copies to us for us to sign and notarize. We shall send you a copy as soon as this is notarized.

For Clients based abroad:

1. Your servicing Solicitations Manager shall assist you in project viewing, selection, and closing of Unit, collection and documentation of purchase, and after-sales requirements.
2. Once you have chosen a Unit, a Pro-forma covering Unit details, Total Contribution Cost for the specific unit, and Contribution Terms shall be prepared by your Solicitations Manager. This Pro-forma, in triplicate, shall then be sent to you for confirmation together with a Co-Developer's Information Sheet for your completion.
3. Upon signing the Pro-forma, kindly retain a copy for your file and return the remaining two [2] copies to us together with a P 50,000 check payable to CENTURY PROPERTIES, INC. as initial reservation contribution and the completed Co-Developer's Information Sheet. [For provincial clients, all documents must be sent to us via courier service [FEDEX, UPS, DHL]
4. Once we receive your signed Pro-forma, completed Co-Developer's Information Sheet and Reservation fee, the Unit shall be reserved under your name. We shall then send you a Reservation Commitment for your signature together with the Acknowledgement Receipt for your signature.
5. Upon signing the Reservation Commitment, please return the same to us for our Officers to sign and for notarization. Using the schedule of payments stipulated in the Reservation Commitment, you may now remit your monthly amortizations as per the guidelines on bank remittances. [Please refer to instructions below for procedures on bank remittances.] We would appreciate receiving an email from you regarding details of each remittance for proper booking of payments.
6. Upon full completion of the Initial Contribution and submission of complete post-dated checks, a Construction Management and Coordination Contract shall be prepared and sent to you for your signature. Upon signing, please return all copies to us for us to sign and notarize. We shall send you a copy as soon as this is notarized.

WHERE TO SEND DOCUMENTS:

If you have friends or relatives based in the Philippines, you may want them to see South of Market on your behalf, we may be reached via

Again, thank you for your continued interest in South of Market. Please do let us know how we can better serve you.