Monday, December 26, 2011

Alveo to start P1.5-B Tagaytay project

ALVEO Land on Wednesday launched a P1.5-billion development project called Kasa Luntian in Tagaytay, signaling the entry of the Ayala Land Inc. subsidiary into the leisure market in the well-known tourist haven of southern Tagalog area.

Jennylle Tupaz, head of project development for Alveo Land, said the 3.8-hectare project received good responses from buyers as sales reached over P1 billion worth of reservations during the first days of priority selling held early December this year.

The first phase of Kasa Luntian has been practically sold out with 97 percent of the 100 percent of the units available bought by buyers. This means 150 out of the 155 units have been bought," said Tupaz during the briefing held at the Bonifacio Global City.

The sale of the 150 units was worth P1.2 billion. Total sales value of the project is P2.5 billion, according to Tupaz. Kasa Luntian is near the Tagaytay-Calamba and Tagaytay Ridge areas.

Tupaz said it took around 10 years for the company to select the right property for the project because it did not want to compromise the quality and specially the sustainability of the project. As a mandate from its parent company, Tupaz said Alveo Land is seriously pursuing and implementing sustainable development in all its projects and they wanted to ensure this will be pursued in the development of Kasa Luntian.

Gilbert Berba, innovation and design group head at Alveo Land, said Kasa Luntian will allocate 80 percent to open space and amenities to ensure the residents will have a very relaxed and effortless lifestyle. "Being a very low-density community, we want to ensure the indoor and outdoor spaces will fit perfectly into the lifestyle of the people," he said.

"For Kasa Luntian, we have to rethink and be different in developing Kasa Luntian because an urban environment is different from Tagaytay.

To give a maximum view of the environment, Berba said Alveo Land opted to build only six buildings with five to seven stories each. He added Alveo Land could easily build 20-story structures so they could attract buyers who want to see Taal Lake. "But we don't want that scenario because people from the lowers floor cant experience that," he said.

"Highlighting a blueprint that seamlessly weaves into its green environs, the 3-hectare first phase of Kasa Luntian will offer only six buildings with five to seven stories each. Each building will be inspired by distinctly Filipino architecture, making the property's fa├žade well-suited to Tagaytay's lush and elevated topography," added Tupaz.

Berba said Kasa Luntian will also be promoting shared gatherings and family-oriented activities and provide facilities such a cozy treehouse, refreshing nature trails, and tranquil community lounges per building.

"Furthermore, future residents can also take pleasure in the serene setting heightened by Kasa Luntian's exclusive outdoor amenities. Among these are trellised walkways, herb gardens, coffee and citrus orchards, rain gardens, gazebos that dot its premises and a large, free-form pool with cascading leisure pools and Jacuzzis, at the center of the property," he said.

Business Mirror
15 December 2011
By: Rizal Raoul Reyes

real estate in the philippines

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