Alveo Land has reported record growth in 2016, launching P22 billion worth of projects with current sales take up rising steady at P38 billion. The company launched nine projects last year, a mix of residential lots and condominiums, across Makati, BGC, Pampanga, Laguna, Taguig, Cavite and Davao.
Alveo is targeting a launch of 16 new projects in 2017 with a combined value of P40 billion. The new projects represent over 5,000 residential and office units.
“Alveo will continue to strengthen its presence in major growth centers and in Ayala Land estates. We are expanding our footprint across the nation as we go into new territories and launch more ambitious formats capitalizing on the synergies within the Ayala group,” said Jennylle S. Tupaz, Alveo Land COO.
Alveo has also made 8 new property acquisitions in Nuvali, Alabang, Cagayan de Oro and Makati over the last year. The company will expand its presence in Alabang and Cavite in the South, Bulacan in the North and Cagayan De Oro in Mindanao in 2017. Alveo currently has 41 developments in 12 key locations across the country.
“The company’s track record proves how its pioneering developments are capable of bringing contributions to the progress of the growing cities where they’re positioned. With its thrust on real estate innovation,
Alveo creates masterplanned communities that speak to the needs of its residents while carrying the legacy of Ayala Land,” added Ms. Tupaz.
Now on its fifteenth year of business, Alveo has consistently topped the Ayala Land residential business group rankings in terms of total sales. The company has ranked first for the past five consecutive years.
Coupled with the country’s generally robust economic growth and strong investor confidence, the company has experienced tremendous growth year-on-year. Ms. Tupaz attributes Alveo’s success to coming up with living and working environments for a discerning market. These quality products consist of thoughtfully designed condo units, residential lots and office units in prime locations.