(The Philippine Star) Updated May 13, 2010 12:00 AM
MANILA, Philippines - Nuvoland Philippines Inc. has recently opened its doors to its office unit owners, with its recent completion and start of turnover of The Infinity, billed as the tallest building in Bonifacio Global City.
Nuvoland Philippines, developer of The Infinity, has reached this project milestone on schedule. Meanwhile, the sold out residential tower of The Infinity will be completed and ready for turnover by December 2010, also as originally scheduled. The Infinity project is a joint venture between Nuvoland Phils and Silverman Holdings Inc.
Meantime Nuvoland is setting a record construction phase in the first tower, the Aspire in Nuvocity, its flagship mixed use development in Libis, Quezon City. The Aspire, which has reached close to sell out levels is 49 storeys tall making it one of the tallest edifice in Quezon City. The project cost of Aspire tower is P2 billion.
Nuvoland has earmarked P3 billion for its capital expenditures budget for 2010. Nuvoland’s president/CEO Rally Martinez said that its company’s continued growth is backed by strong sales from its existing projects, which continue to maintain its successful niches in the real estate industry. Martinez added that because of the robust sales in Aspire at Nuvocity, the next tower is being readied for launching this year. This new tower of Nuvocity, will be in addition to new projects being eyed by Nuvoland in Bonifacio Global City and expansions in the leisure/resort residential sector.
Nuvoland’s continued success in its real estate projects hinges not only on its high standards of product quality and its on time delivery, but also by its strict adherence to corporate governance in doing business. All Nuvoland projects are registered with the Housing and Land Regulatory Board. Nuvoland ensures that the projects have the requisite national and local government permits. Furthermore, all sales contracts entered into by Nuvoland are consistent with all existing laws governing real estate transactions to protect the buying public.