[ manilatimes.net ] June 8, 2011
VISTA Land and Lifescapes Inc. launched a vertical project beside De La Salle University along Taft Avenue, the first in a series of high-rise developments that the firm intends to build beside or near a university.
In a statement, Vista Land said the company, through Vista Residences Inc., would construct the P2.1-billion Camela Condo Homes-La Salle Taft, a 39-storey mixed-use building that will rise on a 1,382 square meter lot.
“While Vista Land already dominates the house-and-lot market nationwide, we also see the need to fill the demand for affordable vertical housing,” said Maribeth Tolentino, Vista Residences president.
Besides La Salle, the project is also near universities bordering Taft Avenue such as St. Scholastica’s College, College of St. Benilde, University of the Philippines—Manila, and St. Paul’s College—Manila.
The development will be attractive not just to students but to single working professionals, overseas workers and young couples as well, Vista Land said.
Camella Condo Homes will offer a total of 1,141 units, including 11 garden units at the fourth floor priced at P2 million to P2.50 million.
Among the unit types are 18.23- to 20.75-square meter studio units priced between P1.6 million and P1.8 million; 23.91- to 31.52 –square meter one-bedroom units priced from P2.20 million to P3.40 million; and 36- to 40-square meter two-bedroom flats priced between P3.20 million and P4 million.
Camella Condo Homes will have commercial spaces for lease near the lobby on the ground floor and parking lots on the second and third floors.
The tower also offers a Sky Garden on the roof deck and the amenities area called The Club on the fourth floor, which will feature a swimming pool, social hall, function rooms, study hall, and a fitness gym.
The construction of Camella Condo Homes—La Salle Taft will commence in the fourth quarter of 2012. Target completion is by third quarter of 2016.
Known as a homebuilder, Vista Land has diversified into other residential products, launching P12.5 billion worth of condominium projects in the first year of its newest business unit, Vista Residences.
Vista Land shares lost P0.01 to close at P3.20 each on Friday.
KRISTA ANGELA M. MONTEALEGRE
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