Alveo targets P40B in projects this year
BONIFACIO Global City, Taguig - Ayala Land (ALI) subsidiary, Alveo Land, announced this week that it will expand to new territories this year, including areas in North Luzon and Mindanao.
The developer has several residential, commercial and office projects set to attract both local and foreign buyers alike. It expects to launch over P40 billion worth of new projects nationwide.
“We always consider our consumer’s needs and lifestyle when planning and developing our projects,” said Jennylle S. Tupaz, Alveo Land president. “Our continuous commitment is to deliver consumer-relevant innovation in all our products, and provide a dynamic portfolio of real estate solutions all over the country.”
High sales take up
Alveo recently concluded its 15th year performance with a high sales take up. Boosted by launches in areas like Makati, Ortigas/Pasig, Quezon City, Cavite and Taguig, it successfully introduced signature properties within ALI’s sustainable estates. This includes developments in Circuit Makati, Alviera in Pampanga, Vertis North in Quezon City, and Evo City in Cavite, among others.
Alveo also saw sales take-ups of residential and office projects rise the past year, especially in Circuit Makati.
Alveo properties in the area include condo developments Solstice and Callisto, as well as office-for-sale The Stiles Enterprise Plaza. Signature subdivision The Residences at Evo City in Cavite, on the other hand, sold out completely in one day.
Alveo turned over seven completed projects in 2017. These are specifically, One Maridien at High Street South and High Street South Corporate Plaza (Tower 1) in BGC, Lumira in Nuvali, Westborough Town Center in Laguna, Kasa Luntian in Tagaytay, Solinea Tower 1 in Cebu, and Abreeza Tower 1 in Davao.
This 2018, horizontal projects in the form of residential lots are expected to account for 64 percent of Alveo’s total launches in terms of volume and 42 percent in terms of sales value.
“Majority of our projects are integrated within key Ayala Land mixed-use estates all over the country, which is a great advantage that we always take into consideration. Being in such highly strategic locations provides the best overall investment value for our customers in the long-term.” Tupaz said.