Ayala Land Inc. said it expects to generate an estimated P2.05 billion from the first phase of the 37.4-hectare Virendo, a gated residential community it launched in Davao under unit Ayala Land Premier.
The real estate developer said it is making available to the market an initial 150 lots, with sizes ranging between 450 to 1,803 square meters (sq.m.), which will be sold at a range of P30,322 to P45,913 per sq.m.
“Located in Toril, just 16 kilometers from the city center, the residential enclave is designed as an exclusive, low-density community within a master-planned, mixed-use estate,” the company said in a statement on Monday.
“Virendo takes its name from the Spanish words verde (green) and pausado (gentle/deliberate), a reflection of its vision as ‘an elevated verdant haven framed by Davao’s hills and shorelines’,” it added.
Set against “rolling terrain with natural waterways and panoramic views of the Mt. Apo-Talomo range and Davao Gulf,” Virendo features expansive green spaces with carefully integrated waterways that flow throughout the development, said Mike Jugo, Ayala Land Premier president.
“Positioned between the Davao Gulf to the east and Apo-Talomo mountain range to the west, it offers unparalleled views of the horizon. This development reflects our commitment to excellence and our deep appreciation for the unique culture and landscape of this remarkable city. We envision Virendo as a place where families can thrive, connections can flourish, and dreams can take root,” Jugo said.
Residents will have access to two amenity centers — the Residents’ Lounge, located near the main entrance, offers indoor and outdoor spaces for intimate gatherings; and the Sports & Leisure Center which features a social hall, pool complex and multi-purpose court.
The first phase of Virendo is set for turnover by the second quarter of 2029.
