Avida Land launches final phase of Cavite project

MANILA, Philippines — Avida Land Corp., the mid-range residential development arm of property giant Ayala Land Inc., will launch its newest subdivision project in Cavite, driven by the strong reception of its previous projects in the area.

In a press briefing yesterday, Avida officials said the company is set to launch the third and final sector of its 10-hectare Avida Verra Settings Vermosa located within Ayala Land’s 700-hectare mixed-use estate in Imus, Cavite.

“Set to be built in three sectors, Avida Verra Settings’ lot-only offerings for the first two sectors are already sold out. Its last sector will be launched next month,” the company said.

The P2.8-billion project offers a total of 370 units, 245 units of which belong to the first two sectors, while the remaining 125 units will be offered in the third sector.

The subdivision project offers two model homes, namely Macy and Trista, with an average price of P9 million and P9.5 million, respectively.

The Macy model home has a minimum floor area of 67 sqm, while the Trista model is larger with a floor area of 85 sqm.

Lots are also for sale with an average price at P5.7 million.

“Aside from lots-only and house and lots, we are also offering the option of a house and lot and the adjacent lot combination,” said Anne Jara, Avida Land South Luzon Project Strategic Management Group head.

“This allows buyers to expand and customize their living or outdoor spaces as they see fit,” she added.

The house and lot with adjacent lot option brings up the Macy model to a minimum of 250 sqm lot area size, while the Trista goes up to 276 sqm. The Macy model with adjacent lot option is priced at P12.5 million. The Trista model with adjacent lot option goes for P14 million.

Avida said the lot offerings of the previous two sectors of the Avida Verra Settings Vermosa are already sold out.

It added that just five months since the launch, prices have increased by 11 percent.

“Avida Verra Settings Vermosa is our first and only Cavite subdivision within an Ayala Land estate. This allows home buyers access to all the developments in the estate, while enjoying a healthy, sustainable environment,” Jara said.

The project is Avida’s seventh development in Cavite, making the province Avida’s second largest territory outside Metro Manila after Nuvali in Sta. Rosa, Laguna.

For Avida Verra Settings Vermosa, Avida aims to attract families seeking upgraded homes ready for future expansion. These are buyers with established professions and a monthly household income of P150,000 and above.

“The project will attract some residents from Metro Manila as well as those who want to relocate to a suburban environment that encourages an active lifestyle,” Jara said.

Avida Verra Settings will have a central amenity area that includes adult and kiddie pools, basketball court, children’s park and playground and clubhouse. Open spaces and landscaped areas will also be part of this fenced community.

The property will be minutes away from Vermosa Midtown, the pedestrian and bike-friendly area for mid-rise commercial and institutional developments.

Residents will enjoy a 14-km greenway for wellness and recreational use in the Vermosa estate. The Vermosa Sports Hub has an Olympic-sized pool, track and field oval and the country’s first sports science laboratory. Ayala Malls Vermosa, Vermosa Church, and a central business and commercial district with transport terminal will also rise in the estate.

Land development is scheduled to be completed by May 2021, while turnover is scheduled to begin in the second half of 2021.