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The growing preference of Metro Manila workers to live near their
places of work has spurred Avida to aggressively pursue its in-city
condominium projects in 2008. The affordable housing subsidiary of
Ayala Land, Inc. will be launching for the balance of the year three
more new towers following the launch of Avida Towers Sucat’s fifth
tower some weeks ago. All will serve as sequels to existing
projects.
According to Herbert Herrero, Avida project
development manager, the firm expects to launch Tower 4 in its New
Manila development, Tower 4 in San Lazaro and Tower 6 in Sucat in
2008.
“We scheduled the launch of four new towers in
2008 in response to the fast sales take-up of our condo projects. We
plan to launch at least one tower per location, with some locations
seeing simultaneous launches and construction of two towers because
of the high demand for condo units,” discloses Herrero.
At the recent groundbreaking of Tower 3 in New
Manila, Herrero said almost one-fourth of the units had been sold in
the lone Quezon City development of Avida. The project is popular
among Metro Manila residents who work in Quezon City or have
children enrolled at universities and colleges in the Diliman area.
The 50 families who moved into Tower 1 appreciated the proximity of
the development to the Cubao commercial district, Greenhills
shopping center and the Ortigas business district.
Avida New Manila’s Towers 4 and 5, which will
be located right along Bonny Serrano, is a co-venture of Avida Land
with Diamond Motor Corp. Avida Land will lease out commercial units
for convenience stores, banks, laundry shops and similar
consumer-oriented establishments at the front portion of Avida
Towers New Manila compound to serve the basic needs of the
residents, Herrero says.
More than 50 percent of Avida Towers New
Manila’s first building, completed in late 2007, had been turned
over, while 25 percent of the owners have moved into their units.
Tower 2 is slated for completion late this year and is 90-percent
sold, while Tower 3, which is now under construction, is scheduled
for delivery by 2010.
Also slated for delivery this year are Towers 3
and 4 in Avida Towers Sucat and Tower 1 in Avida Towers San Lazaro.
When Avida turns over to owners units in Tower 1, it will also be
handing over complete amenities. These include the swimming pool,
the multipurpose clubhouse, a jogging path and a park in the upper
levels of the project.
Hererro says that Avida services its residents
by helping them organize a homeowners’ association, which
eventually takes charge of managing the project. In all Avida
Towers, Ayala Property Management Corp. (APMC) takes care of
day-to-day operations like security and maintenance under the
supervision of the homeowners’ association. Projects managed by
APMC, which has decades of experience in property management, are
known to have higher rates of appreciation.
Avida Land offers studio, one-bedroom and
two-bedroom units, and loft units in select developments with prices
starting from P1.1 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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