PROPERTY titan SM Prime Holdings Inc. is in talks to acquire a growing chain of dormitory buildings under the “MyTown” brand, which could stamp its passageway into the particular for-lease property partition that considers young urban specialists, particularly in the business technique outsourcing (BPO) industry.
Industry sources said SM Prime was in a propelled phase of examination with Philippines Urban Living Solutions Inc. (PULS), proprietor, designer and chief of reason constructed staff-lodging at strolling separation from real focal business locale in the Philippines under the “MyTown” brand.
PULS presently possesses and oversees five structures with more than 1,000 beds all worked under the “MyTown” brand. It arrangements to achieve 6,000 beds by 2018.
An investee organization of Franklin Templeton Investments and BPI Capital Corp., PULS spends significant time in building 10-to 20-square meter private units leased close Metro Manila focal business locale.
One industry source said the SM group might want to test the residence market in reckoning of interest for more moderate living space among BPO specialists. This business is seen obliging youngsters who need quality haven close to their work environment yet can not manage the cost of yet to buy their own particular home.
Taking into account its site, MyTown units come in four designs, each completely outfitted with a shower, kitchenette, a work area, and shrewd lofts with ergonomic device arrangements. MyTown structures likewise have an extensive variety of far reaching conveniences and recreational ranges. Its greatest property to date is MyTown New York, a 700-bed residence in Guadalupe Nuevo, Makati, which is likewise outfitted with a film theater, diversion rooms, resto bars, KTV rooms, capacity and study rooms, and a rooftop deck.
MyTown at present has a 40-bed residence in Pembo, Makati, a 20-bed property in Pitogom Makati, a 92-bed unit additionally in Guadalupe Nuevo, Makati and a 160-bed property in Santolan Road, Quezon City. It is set to dispatch a 60-bed property in Pitogo, Makati
Each completely fitted room is leased at about P17,000 month to month. Two individuals sharing a room along these lines pay P8,500 each while four individuals sharing pay P4,800 each.
MyTown structures additionally accompany retail outlets, for example, comfort stores, eateries, coffeehouses, installment focuses, laundromats, and drug stores.
PULS was built up in 2013 by a gathering of Dutch and Filipino ex-speculation brokers. Their goal was to make a sheltered, secure and completely fitted private space that can enhance the living states of youthful experts in Metro Manila and let them save money on transportation time and cost.