Ayala Land Premier (ALP), the high-end development subsidiary of Ayala Land Inc., is spending about P2 billion to develop a low-rise condominium community at the highest ridge of its residential leisure project Anvaya Cove.
In a small media briefing, ALP project development manager Juan Miguel Javellana said the project is called Sea Breeze Verandas and will consist of six buildings with each ranging from four- to five-storeys.
He said they have just launched the third building last August, ahead of the original 2012 schedule, after registering strong sales for the first two buildings. The next three buildings are still on the drawing board.
The first three buildings will cost about P1 billion to build with Building A to be completed by the third quarter next year, said ALP head of sales Mike Jugo.
The first three buildings will have a total of 170 units. The next three buildings will also cost about R1 billion to build and will also have roughly the same number of units, he added.
Units range from one bedroom flats to four bedroom penhouse units with the smallest at 54 square meters while the biggest units will have 189 square meters. Prices will range from R6 million to R32 million depending on the size and the view.
"Given the virtue of its location, each unit in the Sea Breeze Verandas will have spacious balconies where residents can best enjoy their lush surroundings and panoramic views of Ilingin Cove and the South China Sea, as well as, the Bataan and Zam-bales mountain ranges," said ALP Head for Residential Business and Leisure Catleya Moya.
Javellana said they will also provide, as an option, the housekeeping services of the Anvaya Cove Beach and Nature Club.
Homeowners also have the option of leasing out their units for periods that they will not be using it. The club will be managing the lease operations with members and their guests as the target market.
Meanwhile, Javellana said they are also investing P400 million for the second phase of their multi-dwelling or townhouse units. The second phase will consist of 20 units that will cost between P13 million and P17 million.
ALP is also developing a lots-only residential subdivision called Parkway Vista that will include fairway lots beside the Anvaya golf course. A total of 158 lots ranging from 400 to 600 square meters will be offered at around P10,000 to P13,000 per square meter.
Manila Bulletin
02 November 2011
By: James A. Loyola
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