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ALI sells P3-b lots in Cavite

By Jenniffer B. Austria | Dec. 03, 2014 at 11:00pm [ ]

Property developer Ayala Land Inc. said it raised P3 billion in reservation sales from the launching of the initial phase of 130-hectare The Courtyard in Cavite, its most expensive high-end subdivision development.

Ayala Land Premier head Jose Juan Jugo said in a news briefing the company already raised P3 billion from the launching of 328 units launched in June. It recently offered another 193 units worth P4 billion.

The company is selling a total of 431 lots under phase 1 of the project, covering an area of 65 hectares, with price ranging from P25,000 to P40,800 per square meter.  Unit sizes range from 470 square meters to 1,947 square meters. Turnover date is 2016.

Jugo said Courtyard located in Dasmariñas and Imus, Cavite, is accessible via major thoroughfares such as Emilio Aguinaldo Highway, Daang-Hari Road, Molino-Paliparan Road, and the soon to open Muntinlupa-Cavite Expressway via the South Luzon Expressway.

“Our target market is mainly composed of ‘full nesters’, meaning families with one or more children, or couples that are planning to add more to their brood, and this is reflected in the success of our sales thus far,” Jugo said.

He said the strong residential takeup on Courtyard project reflected the public’s sustained interest in developments south of Metro Manila, after Ayala Alabang opened the first-class residential corridor in the early 1980s.

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