Ayala Land has unveiled a new upscale subdivision in mixed-use estate Nuvali in Laguna, bringing to the property market P11.3 billion worth of residential lots.
Cerilo, the 85-hectare subdivision offering of upscale residential brand Ayala Land Premier (ALP), will have 623 lots with sizes ranging from 520 to 1,300 square meters.
This is the eighth subdivision rolled out by ALP in Nuvali and the one closest to the Laguna campus of Miriam College, ALP managing director Mike Jugo said in a press briefing.
ALP has so far sold about 2,800 high-end residential lots worth about P33 billion from its seven Nuvali residential projects.
Jugo said ALP would start selling lots in Cerilo by early June, starting with 308 lots worth P5 billion. The selling price of the lots is between P22,180 and P33,150 per sqm. This will bring typical contracts to at least P11.5 million to as high as P43.1 million.
The master planned community will have an average density of only seven lots per hectare.
Cerilo is designed to take advantage of its natural terrain and wide green space to build an amenity zone. Its clubhouse area features the social hall, multipurpose court, swimming pool and residents lounge. —DORIS DUMLAO-ABADILLA