Nuvali leapfrogs to sustained growth

posted October 09, 2015 at 07:20 pm
by Joel Lacsamana

As a young suit working for a big company in Metro Manila, living in the city was an exhilarating ride : the fast-paced life, close proximity to commerce, leisure, and entertainment, and the everyday hustle and bustle. But as I married, raised a family, and grew older, it became a drag.

More and more buildings sprouted like mushrooms around the Metro. And don’t get me started on the traffic (which is why some guys will never get my vote as Senator, or even as President). The malls are now more congested, and parks and patches of greenery are sparse – you feel claustrophobic all the time.

Like me, more city folk are seeking alternatives to city living. Young cities in the south are offering a more laid back atmosphere with all the conveniences offered by a modern city.

Big investment. Ayala Land, Inc. (ALI) is spending P12.5 billion in the next five years to ramp up its residential, office and retail offerings in it largest master planned, mixed-use community in Laguna.

Flagship development

The south is no longer as provincial as city dwellers used to think. Just like Fort Bonifacio used to be merely a military base, and is now a center for business, commerce, and entertainment, the scale of development is migrating south in a big way. Nowhere is this more apparent than in Ayala Land’s flagship development south of Manila, Nuvali, which has been transitioning to becoming CALABARZON’s regional growth center.

Nuvai is a mixed-use development that straddles the cities of Sta. Rosa, Cabuyao and Calamba in Laguna. From 1,800 hectares six years ago, it has expanded to 2,290 hectares, making it Ayala Land’s largest estate development to date.

Nuvali has grown in terms of residential and commercial developments since 2009. Today, the estate consists of 85,000 square meters of gross leasable areas for retail and office spaces, 150 hotel rooms, and has sold about 12,000 residential units. There are two business process outsourcing (BPO) buildings, an events center, a shopping center and two prestigious schools. Approximately 50% of the whole development is dedicated to green and open spaces which feature a multi-functional lake, mountain bike and hiking trails, and a Wildlife and Bird Sanctuary.

“Nuvali is an alternative for urban professionals seeking a sustainable way of life,” said John Estacio, Nuvali’s general manager.

The opening of the Cavite-Laguna Expressway (CALAX), which directly links Nuvali to major CBDs Makati, Manila, and Cavite via the South Luzon Expressway (SLEX), will increase the real estate’s investment potential. Nuvali is accessible through five SLEX exits via Mamplasan, Sta. Rosa, Eton-Greenfield, Silangan and Canlubang. The completion of CALAX will open a direct transport channel from SLEX via the Mamplasan exit, which is just 8 kilometers from the development.

Eco city gateway.  Runners whoop it up at a Nuvali fun run. With the opening of the Cavite-Laguna Expressway (CALAX), the development could draw more investors from Manila, Cavite and nearby provinces, which will inevitably boost business activity.

Quality of life

“Nuvali is grounded on a sustainability philosophy prompted by the increasing manifestations of climate change and development concerns in key urban areas,” said Estacio.

Among its developments include a leisure shopping mall, Solenad, which recently completed its third wing. The complex offers an outdoor active lifestyle theme reflected through its walkways, bike lanes, an 800-square-meter activity park, an outdoor playground and pocket gardens. Its cinema wing, featuring four movie halls will open by November.

Solenad has over 40,000 square meters of retail space, and when completed, will offer over 200 shopping, dining and entertainment options, making it the go-to leisure destination for residents in Laguna, Tagaytay, Batangas and Muntinlupa. 

S&R will open its branch in Nuvali by mid-November. Camp N, a multi-purpose outdoor and recreational facility similar to SandBox in Porac, will open by December. QualiMed Hospital is currently undergoing construction and will be open by the second quarter of 2016

The opening of Xavier School and Miriam College, raised Nuvali’s appeal as a nesting ground among upwardly-mobile professionals. Nuvali’s residential portfolio covers a range of lot-only, house-and-lot, and mid-rise condominium unit configurations spread in 21 living spaces across the estate. Full-nesters, couples, young families, and single professionals will find a dwelling to fit their lifestyle needs among the broad array of Ayala Land Premier, Alveo, Avida, and Amaia residential options ranging from P 1.8M to P20 M.

Among the major CBDs in the country, Nuvali has the highest rate in land value appreciation, and has enjoyed an annual growth rate of 14% in the last seven years. Residential lot values have increased from P9,500 per square meter to P20,000 per square meter, while commercial space offerings rose from P20,000 per square meter to  P40,000 per square meter.

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