Ayala Land Premier eyes P3-B from Davao project

MANILA -- Luxury developer Ayala Land Premier (ALP) targets to book close to P3 billion in sales from the soonto-launch second phase of its premium residence project in Davao City, after it has been emboldened by the success of its first phase.

ALP Head of Sales and Marketing Paolo Viray said they expect strong demand for the 77 units in the South Tower of The Residences at Azuela Cove, the first residential project to be launched within Azuela Cove.

“The reception to sales of the North Tower of The Residences at Azuela Cove was overwhelmingly positive. Since our public launch last May, all 70 units have been sold out resulting in P2.6 billion in sales,” he said in a press briefing on Wednesday.

Viray said the turnover of the two-tower luxury seaside condominium project will commence in the first quarter of 2023.

“What we are seeing is the confidence of the Davao market in the project’s unique and first-of-its kind concept,” he said.

The 25-hectare waterside estate Azuela Cove in Lanang, Davao is being developed by Aviana Development Corporation, a joint venture between property giant Ayala Land Inc. (ALI) and the Davao-based Alcantara Group of Companies.

ALI Asst. Vice President Enrique Manuel Jr. said the company will invest P20 billion in the next seven to 12 years for the development of Azuela Cove.