Thursday, June 25, 2015

Alveo launches new project in Nuvali


Designed as a modern eco-city, Ayala Land Inc.'s Laguna township, Nuvali, is poised to expand its residential offerings with an upcoming house-and-lot development by Alveo Land Corp.

An upmarket subsidiary of the property giant, Alveo has four residential projects in Nuvali to date. Mondia, its newest, will boast of a central park measuring 1.7 hectares as well as "pocket parks" within 250 meters of every lot. 

According to Paolo Ong, Alveo's project development division manager, Mondia will be "built to the standards of efficient energy and resource consumption" in line with Nuvali's brand of sustainable modern living. Its parks, green spaces, and tree-lined roads are slated to benefit from bio-swales that filter rainwater and a recycled water irrigation system. 

Located across Miriam College in Nuvali South, Mondia will consist of 642 residential lots spread out over 40 hectares. The lot cuts span 269 to 541 square meters, with each square meter valued at P18,500. 

"Mondia is one of the last remaining parcels of land for development in Nuvali, which makes this an opportunity that future homeowners and investors would not want to miss," said Ong. "Prices will range from P4.8 to P11.8 million."

P2.3 billion was invested in the upcoming subdivision, and Alveo is expecting to gain P3.7 billion in revenue.

Aside from the parks, amenities and features include a clubhouse designed by acclaimed architect Ed Calma. Spanning 1,000 hectares, the clubhouse provides for a function room, a boardroom, and an outdoor open area. Other amenities include a lap pool, a kiddie pool, and a lounge area; a basketball court, and jogging and biking trails with distance markers.

Spanning 2,290 hectares, Nuvali straddles the boundary between Sta. Rosa and Calamaba in Laguna. The development has business and lifestyle centers, educational institutions, outdoor destinations, and a slew of residential projects by Ayala Land's subsidiaries, Alveo, Avida Land, and Ayala Land Premier, which cater to different segments of the market.


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