Avida to complete 1,248 units in 2008

Avida, the affordable housing arm of property giant Ayala Land, announced that it will complete and deliver as scheduled to unit owners a total of 1,248 units or four residential towers in 2008 in its four locations in Metro Manila.

 According to Dez Cruz, Avida head for residential buildings, the company is committed to meet buyers’ expectations and turnover units to them as promised. She added that OFWs comprise 40 percent of its market and that a growing number of Filipinos working in Europe and the Middle East have been purchasing units as investments for their retirement.

“We have assured them and the rest of our clients that we will complete and deliver the seven residential towers that we have sold on time and on schedule,” she disclosed.

In the first half of the year, Avida sold approximately 40 units a month despite price increases to cover for hikes in construction materials, according to Cruz. Overall, Avida sales in the Middle East has remained strong and in the first nine months ended higher than last year’s figure.

Currently, OFWs, junior executives and entrepreneurs have moved into two of its four locations. These are Avida Towers Sucat and Avida Towers New Manila. Avida expects to turnover the first building of Avida Towers San Lazaro by the first quarter of 2009. Meanwhile, construction of Avida Towers Makati West is proceeding as scheduled. It will be completed by the end of 2010.

Ryan Ybanez, Avida project development officer, relates that they have noticed greater interest in active communities. “When other prospective homeowners see what it really feels like to live in an Avida Towers residential project, interest in the development tends to heighten,” he says.

For more details, call 848-5200 or visit www.avidaland.com.