Alveo unveils new Circuit Makati residential tower

an artist’s rendition of Callisto in Circuit Makati

A UNIT of property giant Ayala Land Inc. unveiled a new high-rise residential tower in Circuit Makati, bringing P3.9 billion worth of new inventory targeting young urban professionals.

In a press briefing on Tuesday, Alveo Land chief operating officer Jennylle Tupaz introduced the 38-storey “Callisto” tower 1, the third residential tower under Ayala land’s middle-income property brand to rise in the 21-hectare estate Circuit Makati, formerly the Sta.Ana horse racetrack site.

The first tower of Callisto will offer a total of 430 residential units which will be turned over to buyers beginning July 2022.

Callisto’s first tower will have a mix of studio, one-bedroom, two-bedroom, three-bedroom and special three-bedroom units selling for P135,000 to P140,000 per square meter. Typical units start at around P4.3 million for studio units, P8.4 million for one-bedroom units, P12.3 million for two-bedroom units and P17.1 million for special investor suites.

Tupaz described the upcoming tower as “very elegant and stately-looking,” living up to its name which was derived from the Greek word “kalliste” which means “most beautiful.” She said this address would be ideal for young professionals seeking homes in Makati.

From the time Alveo launched Solstice, the first residential project in Circuit Makati which commanded a pre-selling price of P115,000/sqm at end-2013, Tupaz said selling price had substantially appreciated.

“With the warm reception of the market, Alveo Land’s Circuit Makati projects have already appreciated by 21.7 percent for residential and 2 percent for office in just a span of three years,” Tupaz said.

Alveo is now in full swing with the construction of the two Solstice Towers, as well as its office-for-sale project, The Stiles Enterprise Plaza. The first Solstice tower is now 95 percent sold out and the second tower now 67 percent taken up. Residential units in both towers are expected to be turned over by 2019.

Callisto will have an amenity zone on the ninth level will offer a 25-meter lap pool, three lounge pools, a kiddie pool, a game room, indoor gym, library, function room, board room, play area, lounge and a lawn area.

“Alveo is slated to continue its big play in Circuit Makati, as we are set to launch approximately one tower every year for the next 20 years,” said Tupaz.

Alveo Land chief operating officer Jennylle Tupaz briefing the media