GRASS RESIDENCES

January 30, 2013

In 2007, SMDC decided to penetrate the QC market

SMDC Perceived Accepted Consumer Beliefs

Dotted with relevant establishments (educational, institutional and medical), Quezon City is a progressive city that continues to boom with offices, commercial and retail developments. SM North EDSA is one of the most well-known, oldest, and biggest malls in the country. A residential development in an expanding city near a mall will offer people unparalleled convenience and satisfaction of a good investment.

SMDC Perceived QC Market Need

LOCATION The prestige and convenience of a Quezon City address Living in an expanding, progressive city PRODUCT Breathing space amidst the citys concrete jungle Ease of living by way of a developments facilities and offerings LIFESTYLE Practical and sensible living Lock-up-and-go security addressed by condo living Relaxing environment after a hard days work, without need to travel long distances

SMDC Target Market

- Demographics

Urban Achievers Early Nesters Foreign-based Filipinos Investors Foreigners

SMDC Target Market

- Psychographics

Practical
People who seek a private retreat from but right in the bustling, fast-paced city People who value convenience People who know they deserve nothing but the best value for their money

Modern

Active

Private

Smart

Project Concept
Why GRASS?
Grass is the top-of- mind plant that best symbolizes a flourishing flora community, similar to SMDCs envisioned thriving community of families and individuals at Grass Residences.

Why the color GREEN?

The color of nature, the color of money. *Symbolizes growth, rest, harmony, freshness, stability, safety. The elements characterized by Grass Residences.

GRASS RESIDENCES
A relaxing oasis, A thriving community, Offering country club living Right in the heart of the city.

Site Development Plan

TOWER 4 TOWER 5

AMENITIES

To SM North EDSA

NUEVA ECIJA ST.

MISAMIS ST.

Site Development Plan

TOWER 5 Wilmington
Unfurnished

TOWER 4 Berkshire
Unfurnished

TOWER 1 Tifton Q3 2011 TOWER 3 Bermuda Q2 2013

Furnished Unfurnished

TOWER 2 Bahia Q2 2014

Furnished

Good Accessibility

Integrated with Grass Phase 1, the entire development is bounded by Nueva Ecija, Nueva Vizcaya and Misamis Streets.

Conveniently located in a highly accessible area

- three entry points for residents - near MRT station and public thoroughfare

Convenient Location

.
SM North EDSA

UP Techno Hub

Quezon Memorial Circle

East Ave. Med. Center

UP Diliman

AdMU

Phil. Science

Phil. Heart Center

A mere 4-minute walk from SM North EDSA, SM's first and largest mall, via an exclusive bridgeway Near the country's premier educational institutions (UP, AdMU, Philippine Science High School) Near institutional, medical, and commercial establishments Near the NLEX-Mindanao Ave. entry point

Shared Amenities

Main clubhouse with function rooms Olympic size swimming pool Adult swimming pool Kiddie swimming pools Badminton courts Covered basketball court Fitness gym Childrens play area Cabanas and pavilions

Hassle-free living
TOWER FACILITIES:

Exclusive bridgeway connecting to SM North EDSA for residents' convenience High-speed elevators 24-hour security Concierge services Back-up power system Elevated water tank Fire alarm and sprinkler system Centralized mailroom system Centralized garbage collection and disposal system Lighted perimeter fence

GRASS RESIDENCES PHASE 1

PHASE 1 CONSTRUCTION UPDATES

Construction Accomplishment
Tower Tower 1

(as of Dec. 31, 2012)

Actual 100%

Tower 2

60%
98%

41F 41F 41F

40F 40F 40F

40F 28F 28F

Tower 3

Structural Architectural MEPFS

Tower 1

Tower 3

Tower 2

Construction Accomplishment
Tower

(as of Dec. 31, 2012)

Actual

Carpark A
Carpark B

100%
100%

6F

6F

6F

6F

6F

6F
Structural Architectural

Carpark A

Carpark B
MEPFS

Tower 1: Common Areas

*Ground Floor Elevator lobby

*Typical Elevator Lobby

*Reception Area

*Main lobby West Wing *Main lobby East Wing

Tower 1: Residential Floors

Tower 1: Elevation views

*View from the entrance gate

*View from EDSA

Tower 3: Structural Works

*Machine room at roof deck *Main entrance lobby

*Traffic paint at Basement 1 & 2

*Water tank at roof deck *Genset room

Tower 3: Wall and Floor Works

*Low partition wall installation at the 40th floor

*Hallways and tiles at the 40th floor *Main door installation at the 40th floor

Tower 3: Interior Works

*Aircon installation at the 30th floor

*Burner and rangehood installation at the 32nd floor

Tower 3: Elevation Views

*View from the amenity area

Tower 3: Elevation Views

*View from amenity area *View from Misamis St.

Tower 2: Structural Works

*Elevator core and Machine room

* Architectural & finishing works at 21th/27th floor

*MEPF rough-ins & int. walls on 39th floor

Tower 2: Elevation Views

*View from Nueva Ecija St.

*View from Nueva Vizcaya St./ roof deck level

Carpark Building A: Completed Works

*Completed painting works *Installed boom gate

Carpark Building A: Completed Works

*ACCU units and Generator room

*Fire hose cabinets *Security room

Carpark Building A: Amenity Floor

*Fitness gym

*Badminton courts

Carpark Building A: Elevation views

Carpark Building B: Completed Works

*View at Ground Floor

*Completed painting works

Carpark Building B: Amenity Floor

*Basketball court and bleachers

Carpark Building B: Elevation Views

*Exterior views

Amenities: Main Clubhouse

Amenities: Others

*Pooldeck area

*Outdoor Lobby

Amenities: Others
*Bridgeway *Landscapes

*Perimeter fence

PHASE 1 INVENTORY STATUS

Phase 1 Inventory Status

GRASS Tower 1 CATEGORY # of units SOLD UNSOLD TOTAL PROJECT INVENTORY 1,876 112 1,988 % 94.37% 5.63% 100%

GRASS Tower 2 # of units 1,974 48 2,022 % 97.63% 2.37% 100%

GRASS Tower 3 # of units 1,948 39 1,987 % 98.04% 1.96% 100%

TOTAL # of units 5,798 199 5,997 % 96.68% 3.32% 100%

GRASS Tower 1 CATEGORY PHP SOLD UNSOLD TOTAL PROJECT INVENTORY 3,723,484,819 517,923,650 4,241,408,469 % 87.79% 12.21% 100%

GRASS Tower 2 PHP 4,672,981,403 125,885,000 4,798,866,403 % 97.38% 2.62% 100%

GRASS Tower 3 PHP 4,029,029,667 111,696,000 4,140,725,667 % 97.30% 2.70% 100% PHP

TOTAL % 94.27% 5.73% 100%

12,425,495,888 755,504,650 13,181,000,538

Grass Phase 1 is already 97% sold in terms of volume and 94% sold in terms of value. Majority of the remaining units are Tower 1 higher-priced units.

PHASE 1 PRICING AND PAYMENT TERMS

Phase 1 Pricing History

Tower 1 Selling Price per sqm Launch price Actual average price of sold units Current average price of unsold units 50,000 72,000 103,000

Tower 2

Tower 3

75,000 90,000 95,000

60,000 78,000 96,000

Phase 1 Payment Terms

- Until Feb 24, 2013

Term GRASS TOWER 1 Spot Cash 15% Spot DP / 5% in 8 mos. / 80% through bank financing 10% Spot DP / 10% in 11 mos. / 80% through bank financing 10% Spot DP / 5% in 7 mos. / 5% lumpsum / 80% through bank financing 5% Spot DP / 5% in 7 mos. / 10% lumpsum / 80% through bank financing 20% in 12 mos. / 80% through bank financing GRASS TOWER 2 Spot Cash (Retention of Php 50,000 due June 2014) 20% Spot DP / 80% in 30 mos. 10% Spot DP / 90% in 30 mos. 10% Spot DP / 10% in 20 mos. / 80% through bank financing 20% in 24 mos. / 80% through bank financing GRASS TOWER 3 Spot Cash (Retention of Php 50,000 due June 2013) 20% Spot DP / 30% in 11 mos. / 50% through bank financing 20% Spot DP / 15% in 11 mos. / 65% through bank financing 10% Spot DP / 90% in 20 mos. 10% Spot DP / 10% in 12 mos. / 80% through bank financing 20% in 12 mos. / 80% through bank financing

Discount 7% 1% 13% 5% 3% 1% 8% 2% 1% 1% -

Phase 1 Payment Terms

- Effective Feb. 5, 2013

Term GRASS TOWER 1

Discount

Spot Cash
15% Spot DP / 5% in 8 mos. / 80% through bank financing 10% Spot DP / 10% in 11 mos. / 80% through bank financing 10% Spot DP / 5% in 7 mos. / 5% lumpsum / 80% through bank financing 5% Spot DP / 5% in 7 mos. / 10% lumpsum / 80% through bank financing 20% in 12 mos. / 80% through bank financing GRASS TOWER 2 Spot Cash (Retention of Php 50,000 due June 2014) 20% Spot DP / 80% in 25 mos. 10% Spot DP / 90% in 25 mos. 10% Spot DP / 10% in 15 mos. / 80% through bank financing 20% in 18 mos. / 80% through bank financing

7%
1% 12% 4% 3% 1% 7% 1% 1% -

GRASS TOWER 3
Spot Cash (Retention of Php 50,000 due June 2013) 20% Spot DP / 30% in 11 mos. / 50% through bank financing 10% Spot DP / 90% in 16 mos. 10% Spot DP / 10% in 11 mos. / 80% through bank financing 20% in 12 mos. / 80% through bank financing

PHASE 1 PROMO TERMS & SALES INCENTIVES

Phase 1 January 2013 Promo Terms

Tower 1 2BR Sell out Promo 10% discount on all 2BR units P5,000 cash incentive to sellers for each booked 2BR Tower 2 P25,000 Discount Promo 1 BR without balcony 2BR with balcony (excluding Penthouse units) City view units, units which numbers end in 21-35 (excluding LG, UG and Penthouse units)

Phase 1 January 2013 Promo Terms

Open House Promo P10,000 discount during Open House events (excluding Tower 2 units which qualified for the P25,000 Discount Promo) Staggered Reservation Promo Initial RF of P15,000 with the balance paid with the first two (2) monthly amortizations

GRASS RESIDENCES PHASE 2

Project Overview

A two-tower 43-storey podium development situated on a

Architect

1.4-hectare property in Quezon City, comprised of a total of 3,108 residential units and 1,343 parking slots

*Architects *Architects rendition rendition

Project Overview

*Architects rendition

Site Development Plan

TOWER 5 Wilmington

TOWER 4 Berkshire

TOWER 1 Tifton TOWER 3 Bermuda TOWER 2 Bahia

Essential Amenities

UNPRETENTIOUS BASICS Grand lobby and lounge Function rooms Swimming pool Landscaped pocket greens

Tower 4 Unit Mix

UNIT TYPE 1-BR w/ Balcony 1-BR L-Type w/ Balcony 1-BR End Unit w/ Balcony TOTAL

FLOOR AREA (sqm) 26.4 and 26.8 43.2 28.5 and 36.5 26.4 (23.5 unit, 2.9 balcony)

NO. OF UNITS 1,359 39 156 (87%) (3%) (10%) 1,554

Tower 4 Amenity Floor Layout

CITY VIEW
10 11 12 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

37 36 35 34 33

32 31

AMENITY VIEW
1-BEDROOM UNIT W/ BALCONY 1-BEDROOM L-TYPE W/ BALCONY 1-BEDROOM END UNIT W/ BALCONY A 1-BEDROOM END UNIT W/ BALCONY B

Tower 4 Typical Floor Layout

CITY VIEW
10 11 12 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

43 42 41 40 39 38 37

36 35

AMENITY VIEW
1-BEDROOM UNIT W/ BALCONY 1-BEDROOM L-TYPE W/ BALCONY 1-BEDROOM END UNIT W/ BALCONY A 1-BEDROOM END UNIT W/ BALCONY B

1-Bedroom with Balcony

26.4 and 26.8 sqm. 35 units per floor

1-Bedroom L-Type with Balcony

43.2 sqm. 1 unit per floor

1-Bedroom End Unit with Balcony A

28.5 sqm. 2 units per floor

1-Bedroom End Unit with Balcony B

36.5 sqm. 2 units per floor

Unit Finishes
ALL UNITS ARE BASIC UNFURNISHED WITH THE FOLLOWING FINISHES:
Flooring Bedroom: Living/Dining/Kitchen: T&B: Wall Bedroom: Living/Dining/Kitchen: T&B:
Kitchen Countertop:

Polished tiles (0.60m x 0.60m) Polished tiles (0.60m x 0.60m) Unglazed ceramic tiles (0.30m x 0.30m)

Painted smooth plastered finish Painted smooth plastered finish Glazed ceramic tiles(0.30m x 0.30m) Granite with sink and faucet Overhead and under-the-counter cabinets Painted finish

Ceiling:

Unit Alterations

Alteration Type Unit Combination Removal of kitchen Removal of T&B

Specifics Options: * Provision of a door opening between units * Removal of wall between the units No refund; No turnover of uninstalled materials No refund; No turnover of uninstalled materials

To be offered only on the following: 6th Floor: Units 23 to 37 7th Floor to Penthouse: Units 25 to 43

NO PERSONALIZED LAYOUT REQUEST SHALL BE HONORED.

A DEADLINE SHALL BE SET AND STRICTLY FOLLOWED FOR THE UNIT ALTERATIONS.

PHASE 2 INVENTORY STATUS

Phase 2 Inventory Status

CATEGORY

LOI Hold Unsold TOTAL

GRASS TOWER 4 # of Units % 425 27% 1,129 73% 1,554 100%

GRASS TOWER 4 Php Bn % 1.01 27% 2.75 73% 3.76 100%

CATEGORY LOI Hold Unsold TOTAL

Assuming 0% fallout, Grass Tower 4 is 27% sold. Average takeup since start of LOI is 85 units/month or P202Mn/month.

PHASE 2 PRICING AND PAYMENT TERMS

Phase 2 Pricing & Payment Terms

Minimum Maximum Average

Current Price/sqm. 86,000 96,500 90,600

Current Unit Price 2.3 M 2.5 M 2.4 M

PRICE INCREASE OF 1.5% ACROSS ALL TOWER 4 UNITS EFFECTIVE FEBRUARY 5, 2013