The Observatory Sales Pavilion Opens in Mandaluyong City - Federal Land NRE Global

The Observatory Sales Pavilion Opens in Mandaluyong City

Federal Land and Nomura Real Estate (FNG) unveils its first standalone showroom.

MANDALUYONG CITY – Joint venture Federal Land and Nomura Estate (FNG) marked a significant milestone with the soft opening of its first standalone showroom for The Observatory, on July 19, 2025

Located along Pioneer Street in Mandaluyong City, The Observatory Sales Pavilion offers guests and future homeowners an immersive and elevated preview of the much-anticipated mixed-use development. Designed through a close collaboration with Japanese architects, the showroom embodies precision, simplicity, and hospitality—values that define FNG’s commitment to creating thoughtful, future-ready spaces.

In photo: Thomas Mirasol, FNG President; Alfred Ty, Federal Land and FNG chairman; and Yusuke Hirano, FNG Vice Chairman

Visitors to The Observatory Sales Pavilion are welcomed into a well-orchestrated journey that reflects the development’s master plan. From the entrance, guests are guided through a seamless experience, beginning with architectural scale models that offer a glimpse of the towers to rise. Along the way, touchpoints introduce FNG’s DNA of Japanese precision and Filipino warmth.

At the heart of the showroom is a high-technology immersive room that brings The Observatory to life. Through engaging audio-visual storytelling, visitors can explore the lifestyle, amenities, and vision behind the development, giving them a deeper sense of place and possibility.

The Observatory Sales Pavilion also includes lounge-style seating and flexible negotiation areas designed for meaningful conversation, providing clients with a comfortable, private environment to discuss their future investments. The showroom’s design encourages both openness and calm—a hallmark of Japanese spatial philosophy adapted for the local market.

Enhancing the overall experience is the integration of outdoor spaces and retail offerings. Visitors can relax at the outdoor dining area, featuring well-loved Japanese brands such as UCC Mentore, MOS Burger, and CoCo Ichibanya. This thoughtful blend of lifestyle and function demonstrates FNG’s holistic approach to placemaking.

The Observatory is a multi-tower project rising in Mandaluyong City by FNG, the developer born out of the partnership of the Philippines’ Federal Land, Inc., and Japan’s Nomura Real Estate Development Co., Ltd. Inspired by Japan’s Shibuya district, it is envisioned to have residences, offices, and retail spaces seamlessly integrated into one vibrant community, transforming this area of Mandaluyong into a dynamic urban destination.

The showroom is now open for private previews and client appointments. Interested buyers and partners are invited to visit and experience firsthand the future of city living through the lens of The Observatory.

Visit The Observatory Sales Pavilion for a unique showroom experience.

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Frequently Asked Questions

Find answers to your queries from the categories below.

General Question
Can a foreigner purchase a condominium unit in the Philippines?

Yes, foreigners are allowed to own condominium units in the Philippines, as stated in Section 5 of Republic Act No. 4726, otherwise known as the Condominium Act.

Yes, on the condition that the parent or legal guardian signs the contract on behalf of the minor. Please contact us for more details.

Yes, you can upgrade your purchase. The Developer will first check if the preferred unit is still available. If it is still available, the Buyer will be required to submit a written request. Once the request is approved, a new contract will be drawn up for the upgraded unit.

Yes. The process to downgrade is similar to that of upgrading a unit purchase. However, all expenses incurred by the Developer (commission, incentives, penalties, downgrading fee, etc.) shall be deducted from the Buyer’s original contract price, in favor of the Developer.

What are the available payment terms?

There are several payment terms available – Cash Term, Bank Financing Term, Deferred Cash/Installment Term, and No Down Payment Term. Please contact us for more details as the availability of these payment terms also vary per project.

Yes, you may change or restructure your selected term, but this will also be subject to Management’s approval and we will be charging a minimal processing fee.

Yes, we accept payment in US dollars. The exchange rate shall be based on the date the payment is credited to the Developer’s account.

On or before the due date of the first (1st) monthly amortization, the Buyer is required to submit Postdated Checks for the remaining monthly amortizations (that is, until the end of the payment term).

The developer adheres to provisions as stipulated in Republic Act No. 6552 or the “Realty Installment Buyer Protection Act,” also known as the Maceda Law. This law states that when the Buyer has paid at least two (2) years of installments, the seller/developer shall refund 50% of the total payments made if there is a cancellation on the purchase. For payments less than two years, the provisions as stipulated in the Contract to Sell will prevail.

What do I need to do to officially reserve a Condominium Unit?

Requirements to officially reserve a unit or lot are as follows:

1. Full payment of the Reservation Fee

2. Photocopy of one (1) valid government-issued IDs of Principal Buyer/s and Spouse/s (if applicable). Valid government-issued IDs with photos and signatures:

  • Passport
  • Driver’s License
  • GSIS ID
  • SSS ID
  • Professional Regulatory Commission ID
  • Tax Identification Number ID card
  • Senior Citizen ID
  • Postal ID
  • Photocopy of TIN ID card or BIR validated 1904 form

3. Fully accomplished and signed Reservation Application

4. Fully accomplished Buyer’s Information Sheet. For purchase under a Corporation, the following additional documents are required:

  • Articles of Incorporation and By-Laws (photocopy)
  • Secretary’s Certificate indicating the name of authorized signatory (notarized)
  • BIR-validated 1903 or copy of Certificate of Registration
  • For the authorized signatory to submit items 2 and 3 above

The reservation is valid for thirty (30) calendar days from the settlement of reservation fee. Kindly submit all the required documents to finalize the unit booking.

No, the reservation fee is non-refundable and non-transferrable. As stated in the Reservation Application, the reservation fee will be forfeited in favor of the Developer if no succeeding payments are received.

Will I be allowed to inspect the Unit before the actual turnover?

Yes, the Hand Over Team will coordinate with the Buyer on the schedule of unit inspection.

Yes, the Buyer may assign a representative to accept the unit on his behalf thru a notarized Special Power of Attorney (SPA). The SPA is also required to bring a valid ID plus photocopy.

Yes, you may have your unit leased out.

Monthly Association Dues vary per project, depending on the operating expenses of the building. Association Dues are used to defray the cost of maintaining and operating the building’s common areas and facilities. These costs include administration/management fees, janitorial, security, taxes and licenses, insurances, real estate tax, maintenance of equipment water distribution, garbage collection, maintenance of sewage treatment plant, and other miscellaneous expenses.

The unit turnover will be scheduled when all the following conditions are met:

  • Full payment of the contract price (including penalties and interests, if applicable)
  • Complete submission of all the required sales documents (listed above)
  • Payment of related Advance Registration Charges (ARC).

No, this is not allowed. Buyers are encouraged to either avail of bank financing (with accredited banks) or in-house financing to pay the unit in its entirety.