LAGUNA-BASED developer PA Alvarez Properties and Development Corp. (PA Properties) bared on Monday the positive take-up on its P475-million St. Joseph Homes Calamba Phase 2 project, following its ceremonial groundbreaking to formally begin its establishment.
While construction has just started, PA Properties SVP for Business Development Jonathan Jerusalem revealed that 6 percent of the total 828 housing units are already sold on presale.
“The response is highly encouraging given the very warm attendance during its groundbreaking. We sold 27 units in just one day,” he told the BusinessMirror through e-mail.
Targeted for completion by 2023, this well-planned 5.8-hectare community is catered to economic segment, early nesters and those looking for value for money on their first home, he said.
This horizontal project will feature a model house called “Marya,” which is inspired by the rich heritage of Calamba. It boasts of a loft designed for homebuyers who want to maximize space. Each unit will be available either on 36-square-meter and 54-sq-m (end unit) lot areas.
St. Joseph Homes will offer future tenants modern-day amenities, such as a landscaped gateway; the “Audiencia,” a multipurpose hall inspired by the Filipino-Hispanic court and designed for celebrations and other gatherings; a recreation area for family bonding and recreations; a basketball court; and a jogging path for fitness enthusiasts.
Located in Barangay Laguerta in Laguna, this project is minutes away from the town proper and South Luzon Expressway exit points. It is just a stone’s throw away from schools, hospitals, malls, churches, recreation facilities, retail and commercial rows, and industrial areas.
With a capitalization of P3.3 billion as of October 2018, PA Properties has already built around 19,000 housing units in Laguna, Batangas, Bulacan, Cavite, Pampanga and Metro Manila.
The real-estate company 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 6 million housing backlog in the Philippines and contribute to the growth of the economy, as well.