by VG
Cabuag - October 27, 2015 [ businesmirror.com.ph ]
PROPERTY
developer Megaworld Corp. said real-estate values in its 62-hectare
development called Alabang West soared 19 percent, just 11 months after the
launch of its subdivision last year.
The
company claimed that from P47,000 per square meter in October last year, land
prices in Alabang West have increased to P56,000 per sq m as of September this
year.
The
development was carried out by Global-Estate Resorts Inc.
To date,
around 80 percent of the total 788 residential lots are already sold out.
Rachelle
Peñaflorida, vice president for sales and marketing of Megaworld, said the fast
take-up of lots in the township is attributed to its location and bright
prospects for fast value appreciation of the property.
“There
has been a sharp rise in the demand for residential lots in Alabang West in the
past six months. As far as location is concerned, Alabang is not just an
option, but top-of-the-mind to many property buyers, especially those who are
looking into the south,” Peñaflorida said.
Alabang
West integrates a Beverly Hills-themed lifestyle into its commercial, retail
and residential developments.
Aside
from a shopping strip inspired by the Rodeo Drive in Hollywood, Alabang
West also offers an upscale residential community with lots ranging from 250 sq
m to 800 sq m. “In the next five to 10 years, we envision Alabang West to be
the next big thing in southern Metro Manila,” Peñaflorida said.
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