Philippines Urban Living Solutions Inc., a leading dormitory developer majority owned by SM Investments Corp., recently broke ground on its latest rental housing project in Makati.
PULS said in a statement MyTown Los Angeles, which will be the company’s largest building to date, is a seven-story dormitory that will house over 1,000 beds.
Set to rise along Kalayaan Avenue, Makati City, MyTown Los Angeles is positioned alongside the BGC-Ortigas Link Bridge set to be completed by the end of 2019.
“Location is key as we’ll bring much-needed MyTown co-living spaces to Uptown with this project. Moreover, the building is less than 15 minutes away from Makati CBD, 10 minutes from Ortigas, and other MyTown buildings are just a 2 to 5-minute walk from MyTown Los Angeles,” said PULS chief executive Mark Kooijman.
MyTown Los Angeles, which is expected to become a landmark development in the part of Bonifacio Global Ciy, is slated for completion by 2020.
With the launching of MyTown Los Angeles, the brand aims to expand its network and tap the Ortigas central business district.
“We’ve continued to innovate on our product, and that’ll really show at MyTown Los Angeles. This project brings location, an ecosystem for people to live, work and play, and modern facilities and amenities together while giving our tenants the familiar overall MyTown experience. This is one of our most exciting projects yet,” said PULS group director Jelmer Ikink.
PULSto date is the country’s leading owner, developer and manager of purpose-built young professional housing in the Philippines, with 16 dormitories.
Its buildings cater to the BGC and Makati market, serving over 10,000 young professionals, with a total number of 3,000 beds overall.
Each fully-fitted room is rented out at around P17,000 monthly. Two people sharing a room, thus, pay P8,500 each while four people sharing pay P4,800 each.
MyTown buildings also come with retail outlets, such as convenience stores, restaurants, coffee shops, payment centers, laundromats and pharmacies.
SM Investments Corp. of the late tycoon Henry Sy Sr. in 2016 invested in Mytown when it acquired 61 percent stake in the company.
Established in 2012, PULS specializes in the development of rental housing communities under the MyTown brand at walking distance from the central business districts of Metro Manila, where young professionals can live, play and walk to work.