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Avida sets pace in South Luzon

MANILA, Philippines -  Ayala-owned Avida Land is setting the pace in residential property developments in Southern Luzon with the expansion of its 21-hectare project in Batangas, its seventh in the province.

With 20 projects across Batangas, Cavite and Laguna spanning a total of 690 hectares, Avida has become one of the largest property developers in Southern Luzon.

Aside from Batangas, the developer has eight projects in Laguna, as well as five in Cavite.

Following the first work phase in Avida Settings Lipa in the fourth quarter last year, the company has launched the project’s second phase, wherein house and lot and lot only packages are offered, located adjacent to the community’s linear park and 1.4-hectare amenity area.

Avida officials said they are confident the premium location of these second phase offerings will help sell out its inventory worth P604 million. Avida Settings Lipa sold out 70 percent of its first phase in just one month.

Avida Settings Lipa features house and lot packages of 52 sqm to 82 sqm ranging from P4.8 million to P7.2 million, and lots only at 125 sqm for P1.6 million up to 300 sqm for P4.6 million. Land value at launch was at P14,600 per sqm, and has risen to P15,800 per sqm in just three months.

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“We encourage more buyers to consider house and lot packages. In the long run, they come out as more convenient investments than just lots. They also gain more flexibility in customizing or expanding their properties in the future with less hassle,” said Herbert Herrero, Avida assistant vice president for Project and Strategic Management Group.

He said most house and lot clients are growing families with discerning taste, seeking living spaces that can accommodate every family member. They also require a quiet and secure community accessible to major points of interest.

Herrero pointed out house and lot offerings, in particular, have a consistent demand in Southern Luzon. The option saves time in house planning, supervision and construction. Financing is also made more convenient as it can be done for both house and lot.

“South Luzon represents the largest area contributing to Avida’s overall house and lot sales today. We see how these areas’ growth potential has driven high demand for residences. Avida is ready to fulfil this demand with our complete residential portfolio offered in South Luzon,” he said.

Avida Settings Lipa also offers three modern-contemporary design house models. The exterior was designed to bring in more natural light and ventilation while the interior spaces were carefully planned to have more livable spaces. As with all Avida residences, the community will feature landscaped parks and open spaces, multipurpose hall, adult and children’s swimming pools, basketball court and other sensible amenities and facilities.

Other Avida residences in Batangas are in Batangas City, Lipa, Sto. Tomas and San Pascual.

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