A new kind of urban living is taking shape in the heart of Aseana City, poised to redefine convenience for a rising generation. Construction is set to begin on Modaio Flats, a 224-room co-living development, as early as the first quarter of next year.
The project, spearheaded by D.M. Wenceslao and Associates, Inc., aims to cater to the growing influx of young professionals, students, and those working within the dynamic district. Modaio Flats – a name blending “modern” and “dayo” (a Filipino word for visitor or newcomer) – will offer approximately 896 beds across its eight stories.
Strategically located on a 1,193-square-meter lot, the development is designed to complement the area’s thriving logistics sector, attracting employees from shipping and manning companies. This focus reinforces Aseana City’s vision of a fully integrated “live-work-play” environment.
Aseana City itself is built on the concept of a 15-minute city, where essential amenities are readily accessible. Existing landmarks include the Pixel Residences, the Parqal mall, the AXS Aseana Plaza workspace, and the future campus of De La Salle–College of Saint Benilde.
This co-living project arrives alongside significant expansion of the estate’s commercial offerings. Aseana Plaza, the company’s largest office project to date, recently broke ground, promising a total of 130,000 square meters of leasable space upon completion.
The first phase of Aseana Plaza alone will encompass 70,000 square meters, and once finished, DMW’s total commercial portfolio will surpass 300,000 square meters. Currently, the company boasts 250,000 square meters of gross floor area across its Metro Manila properties.
Despite ongoing leasing efforts for existing spaces, the company anticipates a steady supply of office space for approximately one year. New office buildings are projected to be completed within the next two and a half to three years, aligning with anticipated occupancy rates.
Strong leasing activity and a resurgence in residential sales contributed to a net income of P1.4 billion for DMW during the first nine months of the year. This financial performance underscores the company’s commitment to developing vibrant, integrated urban spaces.
