Alveo Land eyes P8-B in sales from new BGC condo

Posted at 04/21/2015 5:53 PM | Updated as of 04/21/2015 7:22 PM

MANILA – Ayala Land’s high-end property unit Alveo Land is expecting to generate sales of about P8 billion from its new residential condominium project at the Bonifacio Global City (BGC) in Taguig.

Anton Sanchez, division manager for project development at Alveo Land, said the company will be investing P4 billion for the 49-storey tower located at the crossroads of 32nd Street and 11th Avenue.

Park Triangle Residences will have 616 units of studios, 1-bedrooms, 2-bedrooms and 3-bedrooms ranging in size from 36 sqm to 232 sqm.

Units will be sold at P175,000 per sqm or P6.5 million to P44 million per unit, and are expected to be turned over early 2021.

Park Triangle Residences sits on Ayala Land’s mixed-used development Park Triangle, a 2.3-hectare parcel of land seen to be BGC’s “northern gateway.”