Saturday 19 January
Oct 17, 2018 @ 22:27

Ayala eyes P4B sales from Avida’s The Verge towers in Mandaluyong


MANILA ? The mid-range brand of property giant Ayala Land Inc. expects to generate P4 billion in sales from its residential project in Mandaluyong City, targeting business process outsourcing (BPO) employees and other office workers.

Melissa Corpuz, Project Development Manager for North Luzon of Avida Land Corp., told reporters Wednesday they expect the residential units at second multi-tower residence, Avida Towers Verge, to be sold by next year.

Corpuz is optimistic about the sales growth despite concerns on inflation and interest rates.

?So far, we have no experience in terms of the inflation. (Avida Towers) Centera really did well, it?s almost sold out,? she added.

Marvinson Moyon, North Luzon Business Area Head, said they were also concerned about the high interest rate.

?(But) the market is still upbeat,? he said.

Avida Towers Verge is a three-tower, high-rise condominium development located in Brgy. Highway Hills, Mandaluyong.

Pol Tanco, Avida Land Vice President-Project and Strategic Management Group, said: ?Most of them are end-users, of which 54 percent are 35 years old and below. They are from Mandaluyong and all over Metro Manila. The market is composed mainly of young working millennials looking for units closer to their places of work.?

Construction of the first tower is expected to begin by early 2019, and is scheduled for completion in December 2023. (PNA)

Please follow and like us:

Tags: , ,

Related Stories
Smart Communications Inc. has completed an upgrade of its network in Metro Manila, fulfilling its
This top official personally looked at the rehabilitation efforts there.
Lazada Philippines is expanding its operations to reach more Filipinos and fulfill orders faster as
?Avida Land Corp., the mid-scale residential brand of property giant Ayala Land Inc., hopes to


Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.