Serendra Update – July 1, 2008

Just a few days ago, we had a briefing with the Serendra guys. It’s the usual “project update” to make sure we give the right info to Ayala clients since we’re the frontliners.

For this to be interesting, I’ll be presenting the info just exactly the same way I took the notes down. =) This way you get to feel or imagine the exact info I have to digest. So don’t be surprised if there’s a lot of technical info, or if the ideas don’t necessarily have any flow. Like I said, “Note-taking style”. At any rate, you can contact me if you want to clarify something. My lines are always open.

Enjoy. Hope you don’t get lost.

Your Ayala Land classmate,

Coco Midel

Mobile 0917 580 2013 / midel.jerico@ayalalandinc.com / coco.ayala@gmail.com

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SERENDRA BRIEFING NOTES:

• 3BR finishes
  -corian countertop
  -aglomerate fooring – marble mixed w resin
  -Dupont-made- synthetic acrylic, versatile, seamless
• pool amenities delivered together w east tower
  - up to 3rd basement – june 2008
• distances
  - Section E to East Tower = 27m
  - 4m setback around the perimeter
  - distance east to west 50m
  - 1,200sqm building footprint
  - 160meters building height
  - double glaze up to 3rd floor
  - standard acceptable noise is 60decibels
  - we test decibels
  - ambient sound is 50 decibels
  - bridgway is 6th floor
  - ATO height is 250m, east tower is 165M
  - we have ATO cleraance, before we got excavation permit, building permit
• investment
  - ayala always add value to land
  - BGC upcoming development – unified stock exchange, shangrila hotel, world class science museum - Forbes / dasma – 66pesos, 1965
  - now its 50-70k / sqm – forbes dasma
  - asia tower – has a high occupancy rate and holds a high value on rent
  - rental is 7% – way better than the 3% bank rates
  - GF partner , crone archtects( AUSTRAILIAN )
• Section A update
  - 236 total units, 193 has accepted, 106 current residents
• Section B and C
  - 250 units
  - 65 accepted
  - 24 residents