Alveo seeks to develop more projects in VisMin

HIGH-END property developer Alveo Land Corp. is looking to build more projects outside of Metro Manila, particularly in the Visayas and Mindanao, in response to the growing middle class and affluent households in the regions.

“Last year, we had 70 percent of our projects in Metro Manila and 30 percent in the provinces. But this year, we expect to have 60 percent of the projects in Metro Manila and 40 percent in provinces. We’re looking at more opportunities now to expand, and we’re going into these locations which we don’t have presence and where there are opportunities,” Alveo President Jennylle S. Tupaz said in a briefing on Thursday.