MANILA -- Luxury developer Ayala Land Premier (ALP) expects to generate over PHP14 billion in sales from its soon-to-be-launched residential project in Quezon City, following the strong take-up of its first project in an estate.
In a press briefing on Tuesday, ALP managing director Mike Jugo said the developer will soon unveil Parklinks South Tower, its second luxury residential tower in the 35-hectare mixed-use and sustainable estate Parklinks straddling the border between Quezon City and Pasig City.
Jugo said the construction on Parklinks North Tower started early this year, which will be followed by the 313 units of its second residential tower.
He noted the developer started selling the 280 units of the first residential tower in November last year which to date, has sold close to 70 percent of its available inventory.
Units have one to four-bedroom configurations ranging from 70 to 306 square meters and are priced from PHP22 million to PHP120 million.
“Now we try to sell out within the life of the project. We wanted to be at 30 to 40 percent within the first two years,” he added.
Parklinks North Tower was launched with a total value of about PHP12.7 billion.
It is expected to begin turnover of units by the third quarter of 2025.
Parklinks is a joint development by Ayala Land Inc. (ALI) and Eton Properties Philippines Inc. (EPPI). (PNA)
