Condo living gains high acceptance among OFWs and entrepreneurs
Location, security and the other conveniences offered by a professional and experienced property manager are among the top three reasons for the brisk sales of its residential condominium units, according to officers of Avida Land, Ayala Land's affordable housing subsidiary.
Now a key player in the residential condominium segment, the real estate firm has sold 80% of all opened units in four strategic Metro Manila locations and is committed to construct an aggregate 1,200 more units until the end of 2008, according to Herbert Herrero, Avida project development manager.
He notes that residential condominium living has definitely caught on among mid-income earners who are quickly taking up units priced at P3 million and below. Primarily driven by the accessibility of developments to key institutions, Avida's multi-tower projects are exhibiting growth just like Avida's Land and Houses outside Metro Manila that caters to another segment.
Attractive to unit owners because of its accessibility to the domestic and international airports and an SM Hypermart across the street, Avida Towers Sucat is home to OFW families, entrepreneurs and even former residents of three- and four-bedroom homes in suburban Paranaque subdivisions.
Newly married seafaring couple Bienvenido "Bam" and Yhen Sta. Maria enjoy the fact that Avida Towers Sucat is just one short ride from the airport, a big convenience for OFWs, a number of whom reside in the complex. Both employed by an Italian-flagged luxury liner, they plan to continue working abroad until they can earn the down payment for other Avida units they can rent out to other OFWs vacationing in Manila. "I decided to buy in Avida Sucat because of its great location. It is very accessible by public transportation, near a mall and a few minutes ride to the airport," explains Bam.
The couple met on board M/V Classica in 2004 where Bam was a cabin steward and Yhen, a butler. Rather than blowing his earnings from overseas on intangibles like good times with friends, Yhen had already invested in a studio unit at the Sucat development. After the two got married last year following an unhurried Filipino-style courtship, it was but natural that they would live in the unit. When they are away, the couple can depend on Avida Towers Sucat property manager to pay bills for them, check on the unit and even have repairs done if they so wished.
A former resident of BF Homes Paranaque relates that he used to live in a five-bedroom home but opted for a two-bedroom Avida Towers property. In his new residence, the delivery of water, electricity and other services are the responsibilities of the property manager. In contrast, he had to fend for himself in his old home and had to worry about collecting water when it was available and disposing his garbage when the city trucks would be delayed.
Herrero recalls that a number of entrepreneurs with businesses in the area began as tenants of the studio units. After appreciating the conveniences of being able to simply lock up their apartments and come and go as they pleased, a number of them eventually saved up for the down payment and bought their own place in Avida Towers Sucat.
They realize that the few trade-offs of living in a residential condominium more than made up for the many conveniences it offers
For more information about Avida Towers Sucat, please call 848 5200