Manila, Philippines - Arthaland Corp.,
partly owned by leading fish canning firm Century Pacific Group of the Po
family, is looking to generate around P7 billion in sales from its flagship
project, Arya Residences in Bonifacio Global City.
In a briefing yesterday, Nina
Sayson-Cordero, vice-president for Arthaland’s project and business development,
said construction of the second tower of Arya Residences is underway, which
should bring the total development cost of the project to around P6.2 billion.
Tower 2, which comprises 43 floors and 211 units, will feature two- to
four-bedroom units with sizes ranging from 124 to 385 square meters.
Cordero said the company has yet to
finalize the price range for the Tower 2 units.
She said the first tower, which
features 301 units,is almost sold out since it was launched in August 2010.The
units are now selling at P145,000 per square meter.
Arya rEsidences will bring to the
market a fresh inventory of 512 units.Itis the first residential high-rise in
the country to be registered under the US Green Building Council’s Leadership
in Energy and Environmental Design (LEED) program.
Passing this internationally
recognized third party rating system translates to top building efficiency, less
maintenance cost, and healthy environment.
Arthaland president Angie de Villa
Lacson said the company wants to promote the use of calibrated and strictly
monitored sustainability procedures. In fact, the company is vying for dual
green building certification.
“The dual certification that we are
vying for reflects our seriousness in our goal to achieve the optimal results
on going green. We are on target to achieve the world standard in green
buildings,” Lacson said.
She said the company is not in a rush
to develop new projects, noting that “everything we do will be special and
unique.”
Arthaland is now going over proposals
from several landowners for possible joint ventures. One includes a 400-hectare
property located in the northern portion of the country. “This would be our
first horizontal development outside Metro Manila. Plans involve the
construction of a mixed-use complex,” Lacson said.
Cordero said the company owns 35
hectares of land in Tagaytay, which is under study for development.
Arthaland’s decision to go green and
sustainable is in response to a shifting global trend towards healthier
environments that enable people to live well, and live right.
Last year, CPG
Holdings Inc., the Po family’s holding firm, bought a third of Arthaland.
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