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Vista Land to spend P2.1B on condo project

Posted on June 05, 2011 08:22:40 PM [ BusinessWorld Online ]

VILLAR-LED property firm Vista Land and Lifescapes, Inc. will spend P2.1 billion to build a new condominium project targeting students and young professionals in Manila.
This will be the first in a series of projects adjacent to universities, the company said in a statement yesterday.

“The Camella Condo Homes beside De La Salle University in Taft is suitable not just for university students but will also be attractive to single working professionals, overseas workers and young couples because of its affordability and easy payment packages,” Maribeth C. Tolentino, president of the Vista Residences brand, said in the same statement.

Vista Land will launch the P2.1-billion, 39-storey condominium project this year. Construction of Camella Condo Homes-La Salle Taft will start in the fourth quarter of 2012 and will be completed in third quarter of 2016.

“The new project is the first of a series of high-rise developments that the firm will be building beside or near a university,” Vista Land said.

The Camella Condo Homes will be built on a 1,382-square-meter lot along Taft Avenue.

It will offer a total of 1,141 units ranging from studio to two-bedroom flats. -- Neil Jerome C. Morales

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