Cebu proves to be a robust real estate market for Avida, as shown by buyers’ response to Avida Towers Cebu.
Launched only in June 2010, units have been selling at a brisk pace—and now, in less than two years, all of 1,045 units of Avida Towers Cebu are now sold out.
"More than anything, we see the sellout of Avida Towers Cebu as a testament to the trust and confidence of Cebuanos in the Ayala brand. Ayala Land is an established developer in Cebu and with Avida being part of the Ayala Group, Cebuanos rightly believe that owning an Avida Towers Cebu unit is a sound investment. Beyond the brand strength, we also see that the location, features and amenities offered by Avida Towers Cebu were well appreciated by our buyers. We are glad that our commitment to creating quality homes at affordable prices, which translated to Avida Towers Cebu has been received well and appreciated by the discerning Cebuano market who is keen on getting their money’s worth for every purchase," said Apollo Tanco, project strategic management head of Avida Land for VISMIN.
Strategically located in Cebu’s most vibrant business and lifestyle hub that is Cebu I.T. Park, Avida Towers Cebu is designed and built with an integrated "Home, Office and Play Lifestyle" concept. It’s the perfect dream home for families that wish to have a complete quality living experience amidst the excitement of urban, cosmopolitan Cebu—while also enjoying features and amenities for recreation and relaxation, combined with the privacy of one’s exclusive abode.
Following the standard for all Avida condominium developments, Avida Towers Cebu has the "5 Must Haves" that create the ideal quality living experience for its residents. All units are fitted with large windows that allow fresh air to circulate freely and let in maximum natural illumination. This is good for the occupants’ health, and also creates a light and optimistic atmosphere inside the unit. Both towers also have fewer units per floor to prevent crowding and ensure privacy. The towers’ amenities are designed for practicality and for minimal maintenance cost—something that will greatly benefit homeowners in the long-run. There is also emergency power available inside each unit—not just in the common areas—so that the residents’ living convenience and security are ensured even during brownouts.
Finally, all these features and amenities are availed of through easy and flexible payment terms. All these five condo must-haves add up to an ideal living experience that only Avida provides.
According to Tanco, the sellout of Avida Towers Cebu is also an indication of the growing sophistication of Cebu’s real estate market.
"Buyers in Cebu now have a deeper understanding and appreciation for investing in condominium development in a central, urban area. Condo living has become a viable option as it allows residents to have easy access to places that matter. In addition, they see the affordability, quality and practicality of such investments as a source of benefit in the long term," he said. Given the overwhelming positive response from Cebuanos, Avida discloses that the company is exploring more developments in the city.
Tanco also pointed out that the Cebu market is a perfect fit for Avida, as it is comprised of the "the practical rich," which she explains as those who see Avida’s thrust of providing "affordable" as something that would result in the best return and value for money in the long run.
Avida Towers Cebu is a joint venture project of Avida and Asian I Office Properties. After its launch in June 2010, it nearly sold out the 518 units of the first tower in a mere three months. This prompted the early launch of the 527-unit second tower in October of the same year.
The two towers have more than a thousand units with prices ranging from P1.7 million to P4.2 million. Studio, one-bedroom and two-bedroom units were offered with monthly amortization starting at P13, 600.
Avida Land Corp. is the affordable property developer of Ayala Land, Inc. True to its brand promise of providing quality homes at affordable prices for the successful Filipino middle class, in the past 21 years, Avida Land has successfully developed 40 house and lot, and condominium projects in 18 different locations around the Philippines. Asian I Office Properties (AIO) is a subsidiary of Cebu Property Ventures and Development Corporation, which owns and manages Asiatown I.T. Park.
Building on the heritage of superb quality from the country’s biggest and most trusted developer that is Ayala Land, Avida Towers Cebu, which is envisioned to be the best in its class, will be managed and maintained by Ayala Property Management Corp.
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