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 form 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 owers 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 fo 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 willbe situated closer to the IT Park allowing residents easier access to the 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 sie at the upper ground floor, courtyard and private gardens within the podium level will give residents relaxation and meditation, while activity areas which will include a shooting court, swimming pools, and jogging trails are provide to meet the resident’s need for an active lifestyle.
The project will be manage 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.