Alveo eyes development in North Luzon and Mindanao

In Photo: Artist’s perspective of the Stiles

AFTER delivering a stellar performance by achieving a 20-percent growth in 2017—hitting ₧45 billion in sales, Ayala Land Inc. (ALI) brand Alveo announced recently that it is pursuing an expansion by developing new areas in North Luzon and Mindanao.

“We are targeting over P40 billion in value launches in 2018,” Alveo Land President Jennylle Tupaz told the media in a press briefing held in Bonifacio Global City.

Alveo Land President Jennylle Tupaz

“We always consider our consumer’s needs and lifestyle when planning and developing our projects. Our continuous commitment is to deliver consumer-relevant innovation in all our products and provide a dynamic portfolio of real-estate solutions all over the country,” Tupaz added.

She mentioned the upscale developer has lined up several residential, commercial and office projects set to attract both local and foreign buyers alike. In fact, the company expects to launch over P40 billion worth of new projects nationwide.

Alveo posted P36.5 billion in total take-up for 2017, up by 62 percent, from 2016’s P22.5 billion. The Ortigas-Pasig area showed the highest growth in Alveo’s portfolio with a take-up of P3.7 billion, or a 139-percent increase in 2017, from P1.5 billion from the previous year. Arca South in Taguig City, the former Food Terminal Inc., emerged as the second-biggest contributor with P3.1 billion in 2017, up 93-percent from the previous year’s P1.6 billion. Quezon City came in third, posting a P15.3-billion take-up in 2017, or 72 percent, from P2.8 billion in 2016.

South Luzon registered a 54-percent growth in the take-up to P8.4 billion in 2017, from the previous year’s P5.5 billion. Makati City achieved a 48-percent growth with P15.3 billion in 2017, as compared to P10.3 billion in 2016.  Manila, the country’s capital, achieved a total of P8.4 billion take-up in 2017 up 34 percent from P5.5 billion in 2016. The composition of Alveo’s development thrust in 2018 will be horizontal-residential (64 percent), condominium units (29 percent), office (5 percent) and commercial lots (2 percent).

Artist’s perspective of Mondia

In terms of value, residential projects will be the highest with 42 percent, followed by condominium development with 30 percent. Commercial lots and office development will contribute 19 percent and 9 percent, respectively.

“Market confidence is strong and the strong performance of the gross domestic product [GDP] is also an important factor in attracting investors,” Tupaz pointed out.

Alveo has turned over seven completed projects in 2017. These are, specifically, One Maridien at High Street South and High Street South Corporate Plaza (Tower 1) in Bonifacio Global City; Lumira in Nuvali; Westborough Town Center in Laguna, Kasa Luntian in Tagaytay; Solinea Tower 1 in Cebu; and Abreeza Tower 1 in Davao. With a constant focus on delivery, the company expects more projects to be completed and turned over in 2018.

Artist’s perspective of Viento

Alveo recently concluded its 15th-year performance with an impressively high sales take-up. Boosted by launches in areas like Makati, Ortigas/Pasig, Quezon City, Cavite and Taguig, it successfully introduced signature properties within ALI’s sustainable estates. This includes developments in Circuit Makati, Alviera in Pampanga, Vertis North in Quezon City and Evo City in Cavite, among others.

Backed by its solid track record in estate planning, projects within ALI estates have experienced faster take-ups than most, as buyers and investors realize the benefits of living and working within a mixed-use, integrated estate. These typically include offices, commercial and retail establishments and residences, as well as parks and open spaces to complement the area.

Alveo also saw sales take-ups of residential and office projects rise the past year, especially in Circuit Makati. Alveo properties in the area include condo developments Solstice and Callisto, as well as office-for-sale The Stiles Enterprise Plaza. Signature subdivision The Residences at Evo City in Cavite, on the other hand, sold out completely in one day. This made Alveo history as its fastest- and highest-selling lot subdivision of all time.

Turning Points 2018
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