Avida Land leads Cebu residential entry-level market in 2012; launches second tower of Avida Towers Riala
Posted on March 5, 2013
Avida Land, the affordable housing arm of property giant Ayala Land, Inc., continues its success in Cebu City with the launch of the second tower of Avida Towers Riala, the company’s second residential condominium development in Cebu.
Data culled from real estate consultancy firm Colliers International Philippines reveal that Avida emerged as the market leader in Cebu's entry level segment last year. Its first project, Avida Towers Cebu, was launched in 2010 and has sold out all of its 1,045 units.
Owing to the high demand and brisk take-up of units in the first tower of Avida Towers Riala with 83 percent of units sold, a fresh inventory of 621 units will now be made available to the public in the second tower. Completion of Tower 1 is slated for November 2015 and unit turnover is expected beginning the first quarter of 2016. Meanwhile, Tower 2 is scheduled for completion on July 2016, and will be turned over by the fourth quarter of 2016.
Strategically located within Cebu I.T. Park, Avida Towers Riala integrates the convenience of city living with a peaceful and green environment. Riala's second tower will be situated closer to the I.T. Park, allowing residents easier access to commercial and business establishments. The mixed-use development will also have a total of 16 shopping and dining outlets built in its upper ground floor to cater to the residents' basic necessities.
True to its form, the architecture infuses the green elements of the development, with bamboo as the main inspiration for the tower design and the retail fronting the main road. A grand lawn almost half a hectare in size at the upper ground floor, courtyard and private gardens within the podium level will give residents relaxation and meditation, while activity areas which include a shooting court, swimming pools, and jogging trails are provided to meet the residents' need for an active lifestyle.
As a testament to the viability of the project, Avida Towers Riala was also recently recognized with the Best Lifestyle Community Award by Myproperty.ph, a real estate classifieds company managed by Summit Media and international technology company, Ringier AG. The project's merit was judged based on the quality of lifestyle offered through the community, amenities and location of the project.
Avida Towers Riala's studio, 1BR and 2BR units range from P1.9M to P5.9M. For a stress free buying experience, Avida Towers Riala's refurbished sales pavilion at Geonzon St., Cebu I.T. Park, is open to customers from 8AM to 5PM daily.
The project will be managed and maintained by the Ayala Property Management Corporation, assuring residents that the property remains in top shape. Investors may also maximize their units by having Leasing Services by Avida (LSA) handle the renting of units to interested parties.
For more information on Avida Towers Riala, please call (032) 514 2326.