Hanaya doing well, says Aboitizland

Thursday, October 27, 2011

ABOITIZLAND’S latest project, the Hanaya Resort Residences, is gaining popularity in Cebu’s property market since it officially launched last Friday, an official said.

Aboitizland Inc. sales manager Grace Lepiten said the project is “gaining popularity” with 50 percent of the letters of intent converted into reservations. She said sales are coming from an even mix of the international Filipino market, early nesters and retirees.

“There are apparently other factors that affect sales of residential units – locations, design, amenities, among others – but the sales level that we achieved in the first month of Hanaya’s introduction is an indicator of a healthy property market at present,” Lepiten said.

She said innovative condominium developments are “very encouraging” in the property market.
Hanaya is the company’s latest mid-rise condominium project. It is located in a 5.2-hectare property in Barangay Canduman, Mandaue City. Officials said the property has a resort theme.

Hanaya’s Phase 1 construction is scheduled to be completed by the second quarter of 2013 and will have four six-storey residential buildings with about 400 condominium units.

Among the unit types are standard, deluxe and suite units in two-or-three bedroom designs.
Aboitizland has set aside P750 million as total investment for Hanaya’s Phase 1 construction.

The project’s amenities include two pools, pavilion and gazebos, themed gardens and parks, barbecue stations, exercise stations, jogging trails, basketball court with benches, clubhouse, function rooms, gym, game room, karaoke rooms and playroom.

Aboitizland will start site construction in the first quarter of 2012 with delivery of units and amenities scheduled in 2013.

Published in the Sun.Star Cebu newspaper on October 28, 2011.