Ayala’s P7.4B Avida Towers Verge
Ayala Land Inc., through mid-range brand Avida Land Corp., said it was spending about P7.4 billion for Avida Towers Verge, a three-tower project on Reliance Street corner Mayflower Street.
The builder said that the first tower, which will have 34 floors with over 1,000 units on offer, is expected to begin construction by early 2019 and is scheduled for completion in December 2023.
“Mandaluyong is a prime real estate hotspot,” Pol Tanco, Avida Land Vice President for Project and Strategic Management Group, said on Wednesday. “Its condo market is the country’s most buoyant, with demand often outstripping supply.”
ALI said Verge would offer two types of unit layouts ranging from P4.2 to P4.4 million for a junior one-bedroom, and from P6.7 to P7.7 million for a one-bedroom residence.
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