Posted on October 25, 2012 10:58:16 PM
[ Businessworld Online ]
ALVEO LAND Corp., the middle-income
arm of property firm Ayala Land, Inc., remains bullish on its projects south of
the National Capital Region (NCR) -- which the subsidiary has dubbed collectively
as “Southside” -- citing robust sales of Mirala, its latest endeavor.
“We are proud to say that the
Southside communities contributed a total of P4.8 billion, or approximately
30%, in total value to Alveo Land’s overall sales this year,” Antonio S.
Sanchez III, Alveo Land Corp. project development group division manager, said
in a statement yesterday.
Southside -- composed of Verdana Homes
Mamplasan, Treveia, Venare and Mirala -- has cornered 66% of Laguna’s real
estate market with sales averaging 100 units per month, the firm claimed.
“We’d like to think of the south as
our home court where we definitely have a home-court advantage,” Mr. Sanchez
told reporters at a press briefing at Mango Tree Bistro, Bonifacio High Street,
Taguig City yesterday.
The latest addition to Southside,
Mirala, is already 75% sold less than a month after pre-selling began last
September.
Alveo Land has also launched the
retail component of its low-rise condominium Kasa Luntian in Tagaytay City.
“The retail of Kasa Luntian will open in the fourth quarter next year. This
will be about 1,500 square meters of retail, equivalent to about a dozen
spaces,” Mr. Sanchez said.
He added “there are 100 hectares of
future developments still to be launched in Southside worth around P15
billion.”
Ayala Land shares gained 35 centavos
or 1.51% to P23.50 apiece yesterday. -- Franz Jonathan G. de la Fuente
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