Property Overview

Project Selling

Ready for Occupancy / Ready for Use

Condominium

FIRST RESIDENCES is a modern 7-storey twin tower condominium located inside the highly secured Malacañang Complex and beside the University Belt in San Miguel, Manila. The property features a hotel-like reception lobby and lounge, two high-speed elevators, stainless steel mailboxes, and landscaped gardens. It offers flexible residential options with studio, 1-bedroom, and 2-bedroom units with balconies.

Building Information

Tower Tower 1 7 floors

Tower Tower 2 7 floors

Developer

First Residences Corp.

residential

Units

Available units in First Residences

Location & Neighbourhood

Full Address#1557 J.P. Laurel Street, San Miguel, City of Manila
SubdivisionMalacañang Complex
City / MunicipalityCity of Manila
ProvinceMetro Manila
Zip Code1005
Walkability Score
75

Nearby Places

University of Santo Tomas
0.5 km10 minutes
San Miguel Church
0.3 km5 minutes
Arroceros Forest Park
1.2 km15 minutes

About the Neighbourhood

Located within the highly secured Malacañang Complex, the property is situated in a historic and secure area of Manila beside the University Belt. The neighborhood offers proximity to educational institutions, government offices, and cultural landmarks.

Flood Risk Information

Area prone to flooding during monsoon season; typical of Manila's low-lying areas near Pasig River

Legal Documentation

Clear Title

Yes

Occupancy Permit

Yes

Zoning Information

RC - PD 957 (Condominium under Presidential Decree 957)

Additional Information

Reason for SellingNew development offering residential opportunities in prime Manila location
Storage SpacesLimited
Cultural HeritageLocated within Malacañang Complex, historically significant government area
Accessibility NotesAccessible from major roads; proximity to public transportation and University Belt

Market Insights

Comparative Listings

field-residences

2 km₱4,500,000.00

grass-residences

3 km₱4,500,000.00

Rental Potential

8.5% Expected annual rental yield

Historical Price Trends

Metro Manila condos typically range from ₱150,000-₱250,000 per square meter; First Residences rental prices start from ₱10,000-₱20,000 per month for studios

Future Development Plans

Located within historic Malacañang Complex; limited future expansion due to secure area designation

First Residences