Ayala's first luxury condo in Davao City now sold out
Published Jun 29, 2018 12:00 am
By James A. Loyola
Luxury developer Ayala Land Premier is set to launch the second tower of The Residences at Azuela Cove in Davao City after reporting that the first tower was sold out upon its launch day.
In a press briefing, ALP Head of Sales Paolo Viray said they have generated P2.6 billion in sales from its first premium tower residence in Davao while the second tower is seen to generate sales of about P3 billion.
The Residences at Azuela Coveis a 21-storey seaside property in Davao’s new business and lifestyle district. The low-density residence features only 70 expansive units priced at around P33.1 million with two iconic penthouse units priced at P80.8 million.
The property is a two-tower development wherein all units are afforded generous balconies that open up to unobstructed views of Davao Gulf and Samal Island.
“The Residences at Azuela Cove is a pioneer project for Ayala Land Premier in many ways. It is the brand’s first property in the rapidly-developing Davao City, and is also the first residential project to be launched within Azuela Cove, Ayala Land’s newest master planned, mixed-use, sustainable, and seaside estate in the region,” said ALP Managing Director Mike Jugo.
The 25-hectare Azuela Cove in Lanang, Davao is being developed by Aviana Development Corporation, a joint venture between property giant Ayala Land, Inc. and The Alcantara Group, one of Davao’s most established and respected business houses.
Units were purchased mostly as a primary home or a weekend getaway, considering its outstanding location.
About 70 percent of the units were purchased by Davao-based individuals, followed by 15 percent from Manila with businesses or families in Davao. Some 15 percent represent those purchased by buyers from abroad and from neighboring provinces.
“What we are seeing is the confidence of the Davao market in the project’s unique and first-of-its-kind concept,” said Viray.
He noted that, “the luxury seaside condominium is a first in Davao, and offers three distinctive features: first, all units will have balconies and commanding sea views; second, residents are offered heightened exclusivity within a low-density environment with each floor composed of only four units; and third, spacious living formats that afford Davao’s well- heeled families the luxury of space and flexibility of choice.”
The Residences at Azuela Cove is set for completion in 2023.
In a press briefing, ALP Head of Sales Paolo Viray said they have generated P2.6 billion in sales from its first premium tower residence in Davao while the second tower is seen to generate sales of about P3 billion.
The Residences at Azuela Coveis a 21-storey seaside property in Davao’s new business and lifestyle district. The low-density residence features only 70 expansive units priced at around P33.1 million with two iconic penthouse units priced at P80.8 million.
The property is a two-tower development wherein all units are afforded generous balconies that open up to unobstructed views of Davao Gulf and Samal Island.
“The Residences at Azuela Cove is a pioneer project for Ayala Land Premier in many ways. It is the brand’s first property in the rapidly-developing Davao City, and is also the first residential project to be launched within Azuela Cove, Ayala Land’s newest master planned, mixed-use, sustainable, and seaside estate in the region,” said ALP Managing Director Mike Jugo.
The 25-hectare Azuela Cove in Lanang, Davao is being developed by Aviana Development Corporation, a joint venture between property giant Ayala Land, Inc. and The Alcantara Group, one of Davao’s most established and respected business houses.
Units were purchased mostly as a primary home or a weekend getaway, considering its outstanding location.
About 70 percent of the units were purchased by Davao-based individuals, followed by 15 percent from Manila with businesses or families in Davao. Some 15 percent represent those purchased by buyers from abroad and from neighboring provinces.
“What we are seeing is the confidence of the Davao market in the project’s unique and first-of-its-kind concept,” said Viray.
He noted that, “the luxury seaside condominium is a first in Davao, and offers three distinctive features: first, all units will have balconies and commanding sea views; second, residents are offered heightened exclusivity within a low-density environment with each floor composed of only four units; and third, spacious living formats that afford Davao’s well- heeled families the luxury of space and flexibility of choice.”
The Residences at Azuela Cove is set for completion in 2023.