Ayala Land Inc.’s wholly owned subsidiary Amaia Land has launched a nine-buillding condominium project in Alabang to cater to the economic housing market in the south.
The project, dubbed “Amaia Steps Alabang,” costs P3.1 billion to develop and sits on a 2.6-hectare land along the Alabang-Zapote road. All of the nine buildings of the economic condominium project stand 9 storeys tall.
Amaia Land President Ricky Celis said Amaia Land caters to the broad “C-segment” or the economic housing segment, which is composed of individuals earning P20,000 to 60,000 a month.
Celis said the average selling price of units for the Alabang project is around P2.2 million each.
The project offers a total of 1,712 units that range from 24.37 square meters to 48.75 square meters that come in studio type, one-bedroom and two-bedroom type units.
Among the special features of the project are a clubhouse for functions and events, a swimming pool, a children’s play area, landscaped gardens, a jogging path, and a basketball court.
Celis said so far, the first two buildings of the project have been launched. These are the Blanca building, which is already 93 percent sold, and the Aria building, which is 45 percent sold.
The Blanca building, however, is targeted for completion by the second half of 2017 yet, while the Aria building, by the second half of 2018.
Land development of the project site is set to start in November, while construction of the first building will start by January 2016.