Ayala Land Premier sales up to P8.470B in June

Real estate developer Ayala Land Premier (ALP) on Tuesday reported its highest monthly sales of P8.470 billion in June, buoyed by its new ultra-luxury development project Park Central Towers.

In a briefing in Makati City, ALP Sales Head Mike Jugo said that they have registered their record-high monthly sales after the takeup in Park Central Towers.

Valued at P20.5 billion, the two-tower development will be located at the corner of Paseo de Roxas and Makati Avenue, with the 69-storey Park Central South Tower slated to be erected across Ayala Triangle with 281 private residences.

To date, Jugo said that more than 40 percent or 116 units of the tower have already been sold at P8.3 billion.

"Park Central South Tower will sell for an average price of about P300,000 per square meter," he said.

"Unit prices range from P32 million to an unprecedented P477 million with an average unit costing close to P80 million," he added.

Correction: Units in ultra-luxury Park Central Towers are priced from P32M to P134M. || @gmanewsbreaking pic.twitter.com/s0HWbprjqm

— Jon Viktor Cabuenas (@jvdcabuenas) July 26, 2016

With these prices, Jugo said that they have targeted ultra-luxury high-end clients.

"As far as we know this is the highest-value primary condo sold in the market today," he said.

The Park Central Towers will rise on a 15,860-square meter parcel adjacent to the Roxas Triangle Towers, with the turnover expected to begin in 2024.

Aside from the residential areas, the development will also house an upscale retail podium which will cater to highly-curated shops and restaurants with a leasable space of 10,000 square meters. —KG, GMA News