PROPERTY giant Ayala Land Inc. is expecting robust sales from its newest subdivision, dubbed Mondia, in its Nuvali development in Sta. Rosa, Laguna province, a company official Tuesday said.
Ayala Land, through unit Alveo, said it could generate up to P3.7 billion in sales from the 642 lots in the project, Paulo Rizaldo Ong, Alveo division manager for project development, said during a briefing.
The company is investing P2.3 billion in the 40-hectare project, which Ong described as among the last developments of Alveo within the 2,290-hectare Nuvali.
Lot prices in the area will range from P4.8 to P11.8 million, or P18,500 per square meter. This is Alveo’s fifth horizontal development in Nuvali, where its investments have run up to over P7.4 billion, Ong said.
With communities of Treveia, Venare, Mirala and Lumira, Nuvali now represents 62 percent of Alveo’s 12 horizontal residential projects in Luzon, covering 400 hectares, Ayala Land said in the statement.
About 384 residential lots will be available in Mondia’s first phase of development. The average lot size is around 330 square meters.
Beginning with Treveia in 2007, Alveo has successfully developed varied residential projects in Nuvali, with the first three projects nearly all sold out.
Since its launch last year, Lumira is already 79 percent sold.
“Each residential community has its own exclusive amenities and facilities, punctuated by parks, open spaces and greenery,” Ong said.
Amenities include a 1.7-hectare central park for community gatherings, jogging and bike trails, swimming pools, basketball court, shaded walkways, multipurpose fields and lawn areas.
The subdivision will have a 1,000-square meter clubhouse designed with a modern look by renowned Architect Ed Calma.
Ayala Land said 64 percent of Nuvali’s total area size has been developed, complete with road networks since its launch eight years ago.