By Elizabeth Sanchez-Lacson
Inquirer

MANILA, Philippines–Eton Properties Phils. Inc., the property arm of the Lucio Tan Group, launched on Monday its second condominium project in Greenbelt, Makati City, which targets professionals working in the central business district.

Eton president Danilo Ignacio said during the launch that the 34-story Eton Parkview Residences is on Gamboa Street behind the Asian Institute of Management.

The project will offer 230 all-loft units. A one-bedroom unit ranges from 40 to 57 square meters, and will sell at about P3.6 million.

A two-bedroom unit on the other hand, which is about 70 sqm, costs about P6.5 million.

Parkview follows Eton’s first project in Greenbelt — The Greenbelt Residences — which as of July is 90-percent sold.

Eton Parkview is in front of two parks — the Washington SyCip Park and Legaspi Park — and is close to the Greenbelt Mall. It is a foreclosed asset of Allied Bank. The turnover for completed Eton Parkview units is scheduled for December 2011.

Eton also unveiled Monday a partnership with sister company Allied Banking Corp. to offer home mortgage financing rates at 5.5 percent to 8.38 percent for a fixed period, lower than the industry average of 8.5 percent.

Allied Bank president Reynaldo Maclang said the housing loan will offer 5-,10-, 15- and 20-year terms to interested home buyers at fixed interest rates.

Initially, the home loan financing will be offered exclusively to buyers of Eton’s twin tower residential project in Ortigas dubbed the Eton Emerald Lofts .