Alveo Land launches P7.4-billion residential project in Cavite

ALVEO Land Inc., a unit of property developer Ayala Land Inc., said it is targeting P7.4 billion in sales for its residential subdivision in Kawit, Cavite, the newest mixed-use estate of the country’s second-largest real-estate firm.

The company said Evo City, a sprawling 200 hectares of mixed-use development, is touted to be the next central business district (CBD) in the southern part of Metro Manila, and one of the most-prized prime commercial and residential destinations in the country.

Jennylle S. Tupaz, Alveo Land president, said growth in Metro Manila is slowly spilling over to the southern part, including in Cavite. This prompted Ayala Land to develop its first residential project in Evo City.

“Evo City will offer the ideal living experience in the South. With the seamless synergy of all the Ayala brands involved, Evo City will become a prime CBD that will drive growth and progress in Cavite. This will be an estate that delivers complete work and living experiences in a master planned and sustainable environment,” Tupaz said during a media launch of the project.

Alveo’s project will have a total of 41.4 hectares and involves selling of 395 residential lots for the first phase, more than half of the total lots available for sale.

The project will be launched this weekend.

Average lot size ranges from 294 square meters to 450 sq m, with Alveo selling the lots at about P30,000 per sq m at an average contract price of P9.7 million.

The Residences at Evo City will be turned over in 2020.

Bordered by the Centennial Road, Kalayaan Road and the soon-to-be-developed Cavite-Laguna Expressway (Calax), Evo City is currently accessible through Cavitex. Future government infrastructure projects such as Calax, Cavite C-5 Southlink and the Southwest Integrated Transport System will also give further entry to the estate.

The estate will have Ayala Land development’s key components, such as a community mall, a hotel, office developments by Ayala Land Offices and residential offerings mainly by Alveo.

Alveo Land bullish on 2017 prospects

To celebrate its 15th year in the property development  business, Ayala Land subsidiary, Alveo, last week announced its new developments in Alabang, Cavite, Bulacan, and Cagayan de Oro, as well as plans to strengthen its presence in major growth centers  nationwide.

Jennylle S. Tupaz, Alveo Land president told media in a briefing at its Bonifacio Global City (BGC)  headquarters that sales take-up in 2016 reached P38 billion, with nine projects worth P22B offered as fresh inventory, consisting of residential lots and condominium units launched in Pampanga, Makati, Taguig, Laguna, Cavite, and Davao.

“We have been generating personal bests in the first two months of the year. And with all the planned launches, 2017 will be a record-breaking year for the company,” promised Tupaz.

She added that the company is confident about reaching its targets, especially with strong investor confidence and steady economic growth in the country.

Sticking to compelling formats

“We value the strength of being an integral part of mixed- use communities, a position that is hard to match in terms of providing holistic lifestyles,” she said. “We will be launching more compelling formats in the future.”

Alveo has a strong presence in most of Ayala Land’s masterplanned estates, including Circuit Makati, BGC, Nuvali, Vertis North, Arca South and Vermosa.

Its office-for- sale projects have also been quite successful, with recent offerings such as Park Triangle Corporate Plaza and Alveo Park Triangle Tower in BGC, The Stiles Enterprise Plaza in Circuit Makati, and Alveo Financial Tower along Ayala Avenue.