Alveo Land is spreading its portfolio to eight locations this year, four of which are in new locations for the Ayala Land Unit marking 15 years in the industry.
Jennylle Tupaz, president of Alveo Land, said the company has set 16 launches this year including new areas in Bulacan, Cavite, Cagayan de Oro, and Alabang.
Of this, 89 percent are residential, such as subdivisions and horizontal projects.
According to Tupaz, Alveo would be expanding more in areas where it has no presence.
She sees the ratio of provincial projects growing to 40 percent this year from 30 percent last year.
The company currently has about a thousand hectares in landbank as it looks at a five-year horizon in its development.
Alveo is spreading mostly in Luzon.
For 2017, Alveo has a beginning inventory of P36 billion worth of projects in 12 key locations.
Apart from the new territories, Alveo Land is strengthening its current presence in major growth centers and Ayala Land estates nationwide.
Sales take-up in 2016 reached P38 billion, with nine projects worth P22 billion offered as fresh inventory, consisting of residential lots and condominium units launched in Pampanga, Makati, Taguig, Laguna, Cavite, and Davao.
This year, 16 project launches are planned in key locations all over the country, with approximately 5,000 units valued at P40 billion.
Alveo continues its winning streak that has made it one of the country’s top real estate brands. It has once again ranked first in Ayala Land’s residential business group, a position it has held for four consecutive years.
“We have been generating personal bests in the first two months of the year. And with all the planned launches, 2017 will be a record-breaking year for the company,” said Tupaz.
Alveo already has a strong presence in most of Ayala Land’s masterplanned estates, including Circuit Makati, BGC, Nuvali, Vertis North, Arca South and Vermosa. Its office-for-sale projects have also been quite successful, with recent offerings such as Park Triangle Corporate Plaza and Alveo Park Triangle Tower in BGC, The Stiles Enterprise Plaza in Circuit Makati, and Alveo Financial Tower on Ayala avenue.