Mandaluyong Lot 583 Sqm Brgy Addition Hills

🔑 For Sale: Prime 583 SQM Property in Addition Hills, San Juan

📍 Luna Mencias Street, Addition Hills, San Juan
• Lot Area: 583 sqm
• Frontage: 17.5 meters
• Orientation: East-facing
• Location: Walking distance from Shaw Blvd

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✅ Key Property Details

• Zoning: R2A – Residential up to 7 storeys permitted
• Surroundings:
• Flanked by 7-storey residential/commercial structures
• Ongoing construction of a 20-storey residential development nearby
• Title: Clean, individually owned

💰 Asking Price: ₱220,000/sqm (₱128.888 Million) Plus VAT if any

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📈 Highest & Best Use

This property is an ideal redevelopment site for:
• Mid-rise residential condominium (7 storeys, boutique-style, low-density, high-value)
• Serviced apartments / co-living spaces catering to professionals working in Ortigas, Greenhills, or Mandaluyong CBDs
• Medical / wellness facility or dormitel (proximity to Shaw, hospitals, schools, and commercial centers ensures steady demand)
• Mixed-use residential-commercial building (ground floor retail + residential above)

Given its strategic location and R2A zoning, the property maximizes yield through vertical development while tapping into the rising demand for modern living spaces in San Juan.

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📊 CMA (Comparative Market Analysis)
• RR Zonal Value: ₱63,000.00/sqm
• Recent Transactions in San Juan mid-rise corridors: ₱180,000–₱210,000/sqm for raw land
• Prime properties near Shaw / Ortigas boundary: ₱200,000–₱240,000/sqm
• Current Asking Price: ₱220,000/sqm (competitive within corridor’s appreciation trend)

This property sits slightly above the mid-range but is justified by its frontage, zoning potential, and development-ready profile.