As part of their expansion plan in the South and other areas in the country, Ayala Land’s affordable housing division Avida Land recently revealed its plans to develop the Philippines’ very first large-scale mixed used development, South Park District.
To be based in the old location of a Nestlé coffee factory in Alabang, Muntinlupa, South Park District will be a 6.6-hectare, P12-billion development to be built over a 10-year period. It will become part of a roster of Ayala Land, Inc. developments in the area that also include Madrigal Business Park, Alabang Town Center and Avida Towers Alabang.
Staying true to its concept of “Part City. Part Nature. Pure South.” the development will consist of residential condos, a regional mall that will house several international and local shops, and office buildings (including BPO offices that are expected to create around 16,000 jobs), all converging in a central park. On top of that, South Park District will also have a terminal for public transport, a taxi bay, and an area for buses and jeepneys, as well as covered walks and sheds.
December 2012 saw the launch of the first of the two towers comprising Avida Towers Altura, South Park’s maiden residential condo project. The tower has a total of 433 units composed of studio-type, one-bedroom, and two-bedroom choices, ranging in price from P1.8 million to P6 million each. Over the course of South Park District’s development, six more towers will be built in addition to Altura.
According to Avida Land President Christopher Maglanoc, South Park District is only the first of many major projects they plan on launching in 2013. “With the upbeat macroeconomic environment, low interest rates, and growing middle class, we will continue with our expansion into new geographies and new products to cater to our target market of middle class home buyers,” he said.
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