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The Avida Towers Makati West is setting new records for the
affordable segment of the real estate industry and another record
for Avida because of its fast take-up rates. Avida, an Ayala Land
subsidiary, celebrated the ceremonial groundbreaking of its Makati
project late last month.
Chris Maglanoc, Avida assistant vice-president,
attributes the very short period from launch to groundbreaking to
the high demand for residential condominium units accessible to the
Makati Business District at rates affordable to the mid-income
market.
One of the main selling points of Avida’s
latest in-city condominium development is its excellent location.
Future residents are just a stone’s throw away from their offices,
as well as schools, medical centers, major malls, and other
facilities. For staff of business process outsourcing establishments
who work odd hours, there is the added convenience of security in
the development, as well as the availability of public
transportation, fast food and other outlets on a 24/7 basis.
As expected, the bulk of reservations for units
in Avida Towers Makati West were made by employees within the
premier business district. According to Ryan Ybañez of Avida
Land’s Project and Strategic Management Group, 69 percent of the
buyers for Tower 1 work in Makati, while 23 percent already live in
the city.
Tower 1 has a first quarter 2009 top-off target
date and fourth quarter 2010 completion goal. Prospective unit
owners also express interest in Tower 2, which is scheduled for
launching in the first quarter of 2008. Price range of units is from
P1.3 million to P5 million.
For more information about Avida Towers Makati
West or any Avida Land project, call 753-1111 or log on to
www.avidaland.com.
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