REAL-Estate firm PA Alvarez Properties & Development Corp. (PA Properties) broke ground for the third phase of its first horizontal project in Pampanga, with an investment of P128 million.
Trillium Park—the third housing component of the 33-hectare Bridgepointe Place in the city of San Fernando—is envisioned to be a community that features 158 bungalows.
Depending on their space requirement, home seekers can choose between the Iris or Natalya model house, with a lot area of 60 square meters and 96 sq m, respectively. Both offer two bedrooms, one toilet and bath, kitchen, living and dining areas, and a provision for carport.
PA Properties VP for Business Development Jonathan Jerusalem told the BusinessMirror on Monday that this project targets mainly the “economic” market, those who can afford dwellings with price points ranging from P450,000 to P1.7 million. What makes it unique is the generous size of lots that will cater not only to individuals or couples looking for their first home, but those who would like to invest in real estate, he said.
“It will also tap the niche of the regional market who are aspirational and requires perimeter space for their home. The price is affordable and will appeal to working professionals and overseas Filipino workers,” he added. Featuring contemporary design and architecture, the 9-hectare Trillium Park has just started construction. The project’s housing units are now on pre-sale for prospective buyers. It is set for completion by 2021.
“Market response is positive and encouraging so far. People are looking forward on when the model units will be available,” Jerusalem said. “As of now, nine units in Phase 3 are considered sold.”
Nestled in Barangay Del Rosario in the city of San Fernando, Bridgepointe Place is a suburban sanctuary, which now stands with two of its three communities.
Phase 1 is 14-hectare Sandsfield, an Asian-inspired community with comfortable interiors. The 10-hectare Midori Garden comprises Phase 2, which boasts of Japanese-themed architectural design.
Bridgepointe Place is PA Properties’ third project in North Luzon, along with two communities in Bulacan—NuVista San Jose and St. Joseph Homes Norzagaray.
This residential development boasts of lush greens overseeing Mt. Arayat. It’s accessible through the North Luzon Expressway via the San Fernando exit. Commercial, industrial, academic and healthcare institutions are a stone’s throw away.
Laguna-based PA Properties has a capitalization of P3.3 billion as of October 2018. The company has already built around 19,000 housing units in Laguna, Batangas, Bulacan, Cavite, Pampanga, and Metro Manila.
It continues to embark on strategic expansion efforts to further build 25 additional housing communities in the next five years to help ease the more than six million housing backlog in the Philippines and contribute to the growth of the economy as well.