Banyan Tree Manila Bay's P1-B penthouses sell out in record time

Banyan Tree Manila Bay has made a significant impact in the Philippine property market with the successful sale of all its penthouse units, most of which are over 1,000 square meters and priced above 1 billion pesos. This milestone marks a key moment in the country’s luxury real estate sector.

The project also features the largest penthouse currently available, which has helped to solidify its position in the high-end market. The strong demand for these properties reflects the growing interest in ultra-luxury homes in the Philippines.

“The overwhelming response to Banyan Tree Manila Bay’s initial release is a testament to the strength of the luxury real estate market in the Philippines,” said Martin Taylor, Chief Operating Officer of Banyan Tree Manila Bay. “The exceptional demand for our penthouses and prime units highlights the discerning tastes of buyers who value exclusivity, craftsmanship, and long-term capital appreciation.”

In addition to the penthouse sales, Banyan Tree Manila Bay has sold 30 percent of its units from the initial release, all within six months of launch. This includes several of the 39 exceptional prime units, each part of a meticulously curated collection of exclusive residences. These successes further cement Banyan Tree Manila Bay’s position as a game-changer in Philippine real estate, setting a new benchmark for luxury living.

The role of Nest Seekers International has been pivotal in this achievement. As the exclusive marketing and sales partner for Banyan Tree Manila Bay, New York-based Nest Seekers International brought its unparalleled expertise and innovative strategies to ensure the project’s success. Andy Regalado, Chief Marketing Officer and Regional Director for Asia at Nest Seekers International, who leads the sales and marketing efforts for Banyan Tree Manila Bay, highlighted the pivotal role of strategic marketing in the project’s success.

Through its global reach and deep insights into the luxury property market, Nest Seekers International successfully attracted a discerning clientele, ensuring the record-breaking sales of Banyan Tree Manila Bay’s penthouses and prime units. The collaboration between Banyan Tree Manila Bay and Nest Seekers International has established a new standard for branded residences in the region.

Global Excellence: Manila as a New Destination for High-Value Investments

While other market segments struggle with oversupply, Banyan Tree Manila Bay’s success is a testament to the continued growth of the ultra-luxury real estate market all around the world. This highlight’s Manila’s rise as a new destination for high-value investments, playing in the leagues dominant market segments in Manhattan and Los Angeles. This showcases the Philippines’ growing prominence in the market along with countries like Dubai who experienced rapid growth, driven by wealthy expatriates.

This stands as a stark contrast to popular luxury real estate markets such as London and Singapore who face challenges due to policy changes and taxes. Against this backdrop, Banyan Tree Manila Bay has defied global challenges and set records with its penthouse sales and rapid absorption rate, cementing Manila’s position as a burgeoning hub for ultra-luxury real estate in Asia.

Construction Progress and Investor Confidence

Development of Banyan Tree Manila Bay is progressing as planned, with 28% of phase 1 construction already completed. The remaining works will focus on structural completion and interior fit-out, with residential turnover scheduled for Q4 of 2027 and the hotel’s grand opening set for 2028.

Investor confidence remains strong, with most pre-opening reservations converting directly to deposits. Early buyers have benefited from exclusive incentives, including preferential terms for

all-cash payments, which enhance the value of their investments. Membership in the Sanctuary Club is an added benefit for early adopters, offering access to Banyan Group’s global network of properties and services.

Opportunities for Aspiring Owners

The project offers an exquisite portfolio of residences, including meticulously designed two- and three-bedroom units. Complementing these are the exceptional prime residences, distinguished by their unparalleled features and breathtaking views of Manila Bay.

Current pricing still reflects launch rates, presenting an exceptional opportunity for prospective buyers to secure a prestigious residence.

However, prices are expected to increase as construction progresses and the property appreciates further, making early investment advantageous.