ALI allots P3.5B for Nuvali dev’t

Property giant Ayala Land Inc.  (ALI) is spending P3.5 billion for infrastructure and road development within the 1,600 hectare Nuvali in Canlubang, Laguna —its latest project which aims to be the country’s landmark model for a  sustainable community. 

Located in the old sugar estates of the Yulo family, Nuvali is ALI’s largest master-planned regional hub in the country and is eight times the size of the Makati Central Business District.

ALI president Jim Ayala said Nuvali will be an integrated township that will bring together inter-related businesses, residential and leisure communities in a campus-like, low-density environment. It will feature a commercial employment core driven by emerging knowledge industries such as information technology, IT-enabled services, business process outsourcing firms and healthcare

Miriam Katigbak, head of ALI’s Strategic Landbanking Management Group, said they are now putting in place key infrastructure components such as roads and bridges throughout the development.

Nuvali’s masterplan includes three residential communities, schools, retail and business districts, nature parks and an integrated eight-hectare man-made lake complete with progressive water taxis and buses.

Ayala said all three units of ALI will be building residential communities at Nuvali – Abrio for Ayala Land Premier which will cater to the upper class, Treveia for Community Innovations which will cater to the upper middle-class, and Settings for Avida, ALI’s middle-income housing subsidiary.

Abrio, the first residential community to be built at Nuvali, will rise on a 70-hectare property, comprising 379 lots which will be sold at P10,300 to P11,000 per square meter.  The first phase, offering 113 lots, will be launched on Friday while phases 2 to 3 will follow in a few months. Large lot cuts are offered within a tight range (800 square meters to  1,200 square meters.

Treveia, on the otherhand,  will rise on a 60-hectare property that will offer 1,052 lots with average lot size of 300 square meters.  Lots will be sold at P9,000 to P9,500 per square meter.

Housing units of Avida Settings, meanwhile, will be sold at  between P1.9 million to P3 million.  To support the sale of residential units, the group will start development of a visitor’s center that will house three residential brands’ model units and offerings.  It will simultaneously launch a BPO campus at the heart of the Canlubang community which will be supported by a retail component from the Ayala malls group.

Nuvali is a collaboration between ALI and the Yulo family to transform the property into an ecologically, socially and economically sustainable community. The land is divided into three parcels—Ceci, Aurora, and Vesta—and is within one of the most rapidly urbanizing regions in the country with an annual population growth rate of 3.5 percent.  Easily accessible from the now-expanding South Luzon Expressway, Nuvali is approximately 40 kilometers or 50 minutes from Makati. It lies in the heart of the fast-growing Sta. Rosa-Tagaytay corridor, with schools and business parks such as the Laguna Technopark.