Ayala Land launches P3.8B Avida Towers Sola
Property giant Ayala Land Inc. of Bilyonaryo Ferdinand Zobel de Ayala through Avida Land launched the P3.8- billion Avida Towers Sola in Quezon City to cater to “mid-affordable” market of families, young professionals and investors.
Avida Towers Sola follows the launch of the P6.98-billion Avida Towers Vita in 2013 situated inside the 46-hectare Vertis North – a master-planned, mixed-use district that includes Trinoma.
The real estate development is also being undertaken by other Ayala brands including Alveo Land, Ayala Malls, Ayala Land Offices and Seda.
Avida Towers Vita will have over 2,000 units across its three towers and only a few units are left. Avida hopes to replicate its success with Avida Towers Sola by offering some added distinctions.
The new development will be adjacent to Avida Towers Vita and face EDSA on one side. It will be directly across a two-hectare expanse of greenery, Vertis North Gardens, on its other side.
Vertis North Gardens is patterned after other world-class central parks with a grand lawn, and a sloped, terraced portion for outdoor concerts and events.
Beneath the gardens are parts of the district’s Stormwater Management System, which reduces stormwater run-off and prevents flooding.
Another distinction is Avida Towers Sola’s mix of units. Studio, 1-BR, 2-BR and 3-BR units are available, with 2-BR units having multi-passenger toilet and bath.
Unit sizes range from 22 square meters to 61 sqm with prices starting at P2.6 million.
Property values have risen about eight percent per year in Vertis North since the launch of Avida Towers Vita.
“We expect values for Avida Towers Sola to rise at about the same rate. Values will rise continually as Vertis North completes development,” she added.