Ayala Land Inc. (ALI) is going full throttle with the development of Nuvali
(The Philippine Star) Updated January 14, 2010 12:00 AM
MANILA,
Philippines - Ayala Land Inc. (ALI) is going full throttle with the
development of Nuvali, a 1,700-hectare masterplanned community in
Canlubang, Laguna, with its newest residential project aimed at setting
the standard for the company’s next generation of exclusive
neighborhoods.
The
new project, Santierra, is located right beside Nuvali’s residential
and commercial district that will offer a combination of natural and
suburban living. Surrounded by tree-lined roads and features, Santierra
has started selling lots ranging from 600 to 1,000 square meters.
Santierra,
which will rise on a 77-hec-tare property within Nuvali, will be
developed in two phases with the first one, occupying 47 hectares, to
be launched this year. The second phase on the other hand, comprises 30
hectares.
In
a press briefing, ALI president Antonino Aquino said sales take-up of
Santierra has been brisk with a total of 108 lots already purchased
valued at P1.05 billion.
From
a little over P11,000 last week, the lots are now selling at a minimum
of P12,200 per square meter. Lot sizes range from 600 to 1,200 sqm.
with modal lot cut of about 700 sqm.
Aquino
said the lots will be clustered in groups of 50 and 80 to control the
traffic flow and ensure the security of residents. With only seven
residential lots per hectare, Santierra will provide generous space
while maintaining privacy of residents.
Aside from Santierra, a new office building and several retail facilities are in the pipeline within Nuvali.
Bobby
Dy, president of AyalaLand Premiers and head of the residential
business group, said the group is adding 10,000 square meters of retail
space which shall be available by December this year or early 2011.
Among
Santierra’s amenities include the village clubhouse, multi-purpose
covered courts, amphitheater and the great lawn.The contiguous parks
surrounding the village will incorporate outdoor exercise trails, two
meter wide jogging and biking lanes, and pocket playgrounds tucked in
the shades of a wide variety of indigenous trees.
ALI introduced yesterday its fourth brand, Amaya, which shall take charge of the development of socialized units.
The
group has committed to inject P1 billion over the next three years to
undertake the development of socialized housing units as part of a
strategy to expand its market to a broader segment of the population.
The
initial capitalization of P1 billion will cover an initial run of six
projects in select industrialized rural areas in southern and central
Luzon where end-user demand is expected to be strong. The money will
also be used to fund operating expenses and the acquisition of
potential landbank areas.
Product
offerings will comprise mainly house and lot starter home packages with
prices ranging from P600,000 to P1.25 million per unit. The new
subsidiary expects to launch its first project in Laguna within the
first quarter of 2010.