PARQAL: The Premier Sustainable Development Project In ASEANA
July 02, 2024
ASEANA City is the next-generation business district that provides access to the commercial, residential, and leisure top spots in Parañaque City. Located along the scenic Manila Bay, this development area stands at over 107.5 hectares of endless real estate opportunities. The fast-paced developments offer continuous technological advancement, sustainable energy systems, and modern architecture.
PARQAL is a notable development project that offers premier, innovative, and spacious urban recreational living. Derived from the wordplay Park and Kalye, it is a five-hectare mixed-use development that has a gross floor area (GFA) of 78,000 square meters.
The PARQAL development project introduces a transformative urban solution, integrating cutting-edge technologies to optimize city living. Since its completion in the second quarter of 2022, the key features continuously evolve.
Building Features – PARQAL
As of March 2024, the area consists of nine mixed-used establishments, with four floors that are independently interconnected. Each floor hosts a diverse array of businesses, ranging from cozy cafes and boutique shops to modern offices and wellness centers.
| Floor Plate | Bldg. 1 – 2,400 sq.m.
Bldg. 2 – 2,600 sq.m. Bldg. 3 – 3,000 sq.m. Bldg. 5 – 2,900 sq.m. Bldg. 6 – 2,400 sq.m. Bldg. 7 – 1,800 sq.m. Bldg. 8 – 2,400 sq.m. Bldg. 9 – 1,800 sq.m. |
| Number of Towers | 9 buildings |
| Number of Floors | 4 |
| Density Ratio | Retail GF – 1 pax / 2.8 sq.m.
2F – 1 pax / 5.6 sq.m. Office – 1 pax / 9.3 sq.m. |
The whole area is also climate-protected which gives a more relaxed and easy-to-navigate leisure place for visitors. To achieve the sustainability of the whole development project of PARQAL, ETFE (ethylene tetrafluoroethylene) is installed around its roofing and facade. This material is known for its lightweight, durable, and recyclable features which represent the thoughtful architectural design of the property.
Sustainable buildings typically have higher resale and rental values compared to conventional properties due to their lower operating costs, enhanced marketability, and reduced environmental impact. The first phase of PARQAL is BERDE-certified, which means that the whole project demonstrates a commitment to CSR (Corporate Social Responsibility) by reducing the environmental footprint and contributing to broader sustainability goals. In addition, BERDE accreditation can attract environmentally conscious tenants, businesses, and investors. These properties often command higher rental rates, sales prices, and occupancy rates compared to non-certified buildings.
PARQAL’s presence in ASEANA’s development landscape signifies a convergence of innovation, sustainability, and growth. Through its distinctive property features, it is now reshaping the modernity and continuous evolution of Philippine commercial property architecture.
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