Ovialand Inc. is set to start delivering more of its premium affordable house-and-lot units in its latest development, Santeví, located on the National Highway in San Pablo, Laguna.
Santevi is Ovialand’s third housing development in San Pablo, after Sannera and Savana. This development increases the company’s total inventory in the area to over 2,100 units.
“Santeví’s house design was inspired by the modern American houses seen on social media. We chose a clean and classic design, blended with function and space. Our kitchen is delivered with subway tiles that most young Filipinos imagine having in their dream home,” said Pammy Olivares-Vital, president and chief executive officer of Ovialand. “Each corner was designed with the user in mind, and we can’t wait to deliver these units to our homebuyers.”
Ovialand’s unique selling proposition of “Instant Homes, Instant Financing” allows clients to move into their dream homes in only three to six months. With the usage of precast technology – together with personal account officers who assist clients in their housing loan applications – Ovialand delivers the fastest turnover of units to homebuyers in South Luzon.
“We have completed and turned over more than 1,000 housing units in the area of San Pablo, Laguna, and the demand for our premium house-and-lot products continues to rise,” Olivares-Vital said. “This is because young families are able to envision their lives with the conveniences of city living but with the relaxing landscape of this city.”
Ovialand is eyeing P2.3 billion in sales from the 707 housing units it will sell in Santeví– consisting of single-attached, duplex, and townhouse units.
The company is investing over P 850 million in this project under a joint venture with Japan-based real estate developer Kyushu Yaesu Co. Ltd.
“We are committed to continue to provide young Filipino families the opportunity to own premium affordable homes. True to our philosophy of Premier Family Living, we strive to ensure that families attain a better quality of life through real estate at an accessible price point,” Olivares-Vital said.
“The sale of properties in Santevi also allows us to move forward with our long-term expansion plans and to have a more optimistic outlook for the future. Despite the current macroeconomic situation, we believe Ovialand is on the path to achieve a stronger financial position due to continued consumer demand from the properties it provides,” she added.
For the first half of 2022, Ovialand generated P 672 million in revenues from turning over 308 units across its developments in Batangas, Laguna, and Quezon.
