Despite fears of a delay in construction, the iconic Raffles Residences in Manila's downtown Makati is expected to be completed on schedule.
Slated to open during the fourth quarter of 2011, 70% of the private residences are said to have already been sold.
The project, which is a joint venture between Kingdom Hotel Investments and Ayala Land, consists of hotel and serviced apartment components.
The entire project will include a 279-room Fairmont hotel, a 30-suite Raffles Hotel and 237 Raffles branded private residences.
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