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Ayala bares first venture in Tagaytay

[ manilastandardtoday.com ] December 15, 2011

Ayala Land Inc., the country’s biggest property company, unveiled Wednesday its first foray in the popular leisure destination Tagaytay, with a low-rise residential and retail development dubbed Kasa Luntian.

The P1.5-billion project, to be developed under Alveo Land Inc., involves the construction of six five-to-seven story residential buildings that will cater to middle-income families.

Alveo Land head of project development Jennylle Tupaz said in an interview during the project launch that phase one of the project covers 3.8 hectares offering 343 units and costing between P4.3 million and P15.1 million.

“Entering Tagaytay with our pioneering endeavor Kasa Luntian is a groundbreaking venture for us. And we aim to bank on the city’s continuous development without losing the genuine Tagaytay experience that has made the city of the leading leisure destinations in the country,” Tupaz said.

Tupaz said the market had been anticipating the company’s first project in Tagaytay. The company practically sold out the 155 units it initially offered for sale during the first day of exclusive priority selling for the company’s preferred clients.

Tupaz said the company plans to launch remaining units by February next year due to the strong sales. Jenniffer B. Austria
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