PROPERTY developer Alpina Heights Properties Corp. (AHPC) is looking at allocating P2 billion in capital expenditures (capex) to bankroll its projects in the pipeline.
AHPC Vice President for Administration Rey Caligner said during last weekend’s soft launch of its Alpina Heights Tower Two that the residential market remains strong. Capitalizing on that growth, AHPC is also looking at luring Filipinos working abroad and investors eyeing to have a premium residential property at an affordable price as an investment vehicle.
AHPC’s first tower, located in Sucat, Parañaque, was sold out in six months. Solar-power panels were installed in common areas and in some parts of each unit. Each floor is equipped with 1 kilowatt of solar power.
The company announed plans to build a total of five towers in the same location to be completed in a couple of years.
“All units come pre-furnished with a split-type inverter air-conditioning unit, induction stove, refrigerator and shower heater. Its power-saving appliances will certainly help conserve energy and lessen electricity consumption for its residents.” Caligner said.
For Tower Two, a one-bedroom unit with an area of 28 square meter costs P2.25 million, while a two-bedroom unit with a 41.2-sq-m area costs P3.35 million each.
Tower Two will be completed in about two years, officials said.
Located near the Sucat Exit in the heart of Parañaque, Caligner said its residents will have easy access to multiple shopping malls and commercial establishments, allowing its community to take advantage of this new and emerging economic hub.
AHPC has tapped Santos Knight Frank as its property management firm. SKF is an internationally renowned property-management firm, which has a strong track record and reputation in managing a variety of real-estate projects in the metropolis.
“Owners will feel more relaxed knowing that their property is being well-managed and looked after by a highly respectable property-management firm. This will also lead to higher preservation of the building leading to a higher long-term value for its shareholders.” Caligner said.