By Richmond Mercurio (The Philippine
Star) | Updated December 11, 2014 - 12:00am
MANILA, Philippines - Ayala Land
Premier, the upscale unit of property giant Ayala Land Inc., said its first
venture into leisure estate development has generated strong market take-up
since its launch.
In a briefing yesterday, Ayala Land
Premier group head Jose Juan Jugo said the company has already sold 85 percent
or about P9 billion worth of inventory in its top-end leisure development
Anvaya Cove in Morong, Bataan.
He said sales have stemmed from
investments in neighborhood lots, townhouses, and low-rise condominium units.
“This is a testament to the need for
secondary homes and a testament to how good the market is for a very good
leisure product,” Jugo said.
Anvaya Cove is 470-hectare property
launched by the Ayala Group in 2005.
The development is both a seaside
resort and a mountain retreat which offers a variety of living space options
from low-rise condominiums and maisonettes, priced from P6 million to P25
million, with lot sizes ranging from 400 square meters to 1,500 square meters.
Ayala Land Premier said 58 homes have
already been built and an additional 17 are expected to be completed by 2015.
“Right now, we’re developing our 10th
neighborhood. So we’re developing according to the masterplan. It’s hard when
you develop a project this huge but based on how we envisioned it in 2005, it
is proceeding as planned,” Jugo said.
“No residential leisure development in
the Philippines has come close to Anvaya Cove. And we plan to raise this lead
further by consistently improving on our product offerings, while maintaining a
gold standard in our beach and golf club services as we gear up to launch more
residential projects and amenities until full development completion in 15 to
20 years,” he added.
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