Ayala’s Park Central Towers now among PH’s most expensive condos with 250% price surge
In the heart of Makati’s financial district, a new symbol of Philippine luxury living is commanding attention—and sky-high prices.
Ayala Land Inc.’s Park Central Towers, located at the intersection of Paseo de Roxas and Makati Avenue, is nearing turnover, and with it comes a 250% surge in property values since its launch in 2016.
From an initial P290,000 per square meter, prices now range between P650,000 and P700,000.
“It’s doing very well,” said David Leechiu, founder and CEO of Leechiu Property Consultants (LPC), in an interview with Bilyonaryo.com. “Considering the last five years of massive global economic stress since COVID in 2020, it’s a testament to how strong the Philippine property market is.”
Turnover for the South Tower is scheduled to begin in October 2025, followed by the North Tower in February 2026.
Park Central Towers is now the second most expensive condominium in the country, trailing only Shang’s BGC Horizon Homes, where prices range from P750,000 to P800,000 per square meter.
“It’s the best product ALI has built since One Roxas Triangle,” Leechiu said. Upon its completion in 2000, One Roxas Triangle was regarded as the best apartment building in the country until Shang BGC rose in 2016. Leechiu described Park Central Towers as having the best workmanship among residential buildings since One Roxas Triangle.
ALI commissioned Singapore’s SCDA Architects and Leandro V. Locsin Partners (LVLP) for the project. From floor-to-ceiling glass panels to higher-than-average ceilings, the towers are crafted to elevate the living experience for Manila’s most discerning residents.
Founded in 1995 by Soo K. Chan, SCDA is known for its minimalist aesthetics, tropical modernism, and seamless integration of indoor and outdoor spaces. Its portfolio includes TwentyOne Angullia Park near Orchard Road, Soori Bali—a beachfront resort blending nature and design—and Soori High Line in New York, a Manhattan condo with private pools and refined interiors.
LVLP carries the legacy of National Artist for Architecture Leandro V. Locsin, renowned for modernist and brutalist designs. Its notable works include the Ayala Museum, the Cultural Center of the Philippines and other CCP complex buildings, and the Istana Nurul Iman, the official residence of the Sultan of Brunei.
“I am excited and very encouraged by Park Central Towers; it reminds the market of ALI’s commitment to delivering the highest standards of excellence,” Leechiu said. “This also sets a new quality benchmark in the market.”
The project is part of a new wave of luxury developments set to be completed over the next three years.
Amenities include two to three floors of retail, a two-level gym, pools and spas, a pet park, gardens, walkways, basketball and racquet courts, a children’s playground, and a large business center—making it a magnet for expats.
“This will force the other developers to up their game,” Leechiu added.
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