Image via WikipediaAlveo Land, the upper-middle income segment residential developer of property giant Ayala Land Inc. (ALI), is aiming to double its sales this year to almost P13 billion from the P6.4 billion registered in 2010.
In a press briefing, Alveo project development manager Antonio Sanchez III said the strong growth will be supported by the introduction of more inventories this year from ongoing projects as well as new launches.
He said Alveo intends to launch 12 new projects nationwide, up from just five new projects last year. This is in addition to the firm’s 16 ongoing developments that still have inventories to sell.
Sanchez said the new launches will mark Alveo’s expansion to the provinces with one project each to be launched in Davao, Cebu, Pampanga, Tagaytay and Baguio this year. Alveo will also launch seven new projects in Metro Manila in 2011.
Alveo is now the leading residential developer in South Luzon highlighted by three signature developments in its Southside, the dynamic and upscale communities of Verdana Homes Mamplasan, Treveia and Venare.
Taking its cue from the rapid development of various business and commercial establishments in Laguna, the Alveo Southside District has so far shown remarkable sales performance.
It continues to dominate the South Luzon market with a 58.5 percent total market share in 2010 as compared to the 41.5 percent showing of other developers in the area.
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