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Ayala brings upscale brand to QC joint venture

/ 05:18 AM September 18, 2019

Scale model of ALP’s Parklinks North Tower, seen as the most expensive residential condo project in QC to date

Property giant Ayala Land Inc.’s (ALI) upscale residential brand has entered Quezon City’s property space by bringing two high-rise residential towers with a combined inventory valued at close to P27 billion, deemed as the most expensive residential condominium in this city to date.

Ayala Land Premier’s (ALP) twin-tower Parklinks North and Parklinks South towers will rise on the 35-hectare estate spanning Quezon City and Pasig—which will be linked by a bridge over the Marikina River—that is jointly being developed by ALI and tycoon Lucio Tan-led Eton Properties.

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The first tower, 55-story Parklinks North, was launched with 280 units with a total inventory of about P12.7 billion, of which 70 percent was now taken up. Ranging from 70 to 306 square meters, the units are priced from as low as P22 million to as high as P120 million, inclusive of value-added tax and parking space.

The units in the north tower are now selling for P320,000 a sqm, up by 15 percent from about P280,000/sqm when ALP first started selling the project in November 2018.

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Paolo Viray, ALP head of sales and marketing, said about 90 percent of Parklinks North’s buyers were local residents of Quezon City while some were from Makati and Pasig. “A lot of them are entrepreneurs and repeat buyers,” he said in a press briefing on Tuesday.

ALP managing director Mike Jugo said this condominium project would offer panoramic views of the metropolis.

The north tower will be completed by 2025 while the south tower will be turned over by 2027.

ALP expects to spend around P7 billion to develop Parklinks North Tower, which offers one- to four-bedroom configurations.

Apart from its standard units, Parklinks North offers a limited selection of special residences. Each of the four-bedroom Sky Villa, with only nine available units, offers a rare residence on the highest floors with an expanded living and dining experience as well as a master suite almost as large as a one-bedroom unit.

The three-bedroom Horizon Villa, with only two units of this type, is an expansive bi-level unit with a sizeable veranda located on the 45th and 46th floors.

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TAGS: Ayala Land Inc.’s (ALI), Parklinks North and Parklinks South towers, residential condominium, residential towers
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