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COMMUNITY Innovations, the upper mid-end unit of Ayala
Land Co., launched Tuesday its new HomeStarter financing
scheme that is seen to help improve the company’s
revenue growth to 75 percent this year.
At the
same time, Rex Mendoza,
Ayala
Land
senior vice president for corporate sales, said that
Community Innovations is launching a P500-million
horizontal residential development project in Angeles
City this June.
Mendoza
said the Homestarter financing scheme was conceptualized
by Community Innovations as a way of making available a
kind of service its market requires.
It has
three payment options that allow the buyers to avail
themselves of zero downpayment up to a certain period
and stretch their monthly amortization to up to 25 years
at fixed interest rates.
Mendoza
said the fixed interest rates, which are also lower than
what the banks and other developers offer, is what
separates the Homestarter scheme from the rest.
“We will
stand by the rates that we quoted,” he said.
The
Homestarter financing scheme will be available initially
for Community Innovations’s Verdana Homes Mamplasan and
The Columns Legazpi Village projects.
Its
other projects, like the Serendra in Bonifacio Global
City are under joint venture so Mendoza said they are
still seeking the approval of their partners.
Mendoza
said Community Innovations is now the fastest growing
developer after it grew 66 percent last year and is
expected to grow 75 percent this year.
The
company is set to start developing a 35-hectare posh
residential project in Angeles City, which also has a
mall component. |
