Filinvest Land launches new condo project-A A +A
Tuesday, September 24, 2013
FILINVEST Land Inc. (FLI), in partnership with CVA & Sons Inc. launched its latest mid-rise building (MRB) project, called the 8 Spatial Davao, at Marco Polo Hotel Davao Monday.
"It is a project that is very special. Spatial is the architectural term for space. The MRB is well laid out and it is spacious enough without having the cost of its unit too expensive," FLI first vice president and Visayas and Mindanao cluster head Tristan Las Marias announced in a press conference.
8 Spatial will be located in a 3.8 hectare prime property on Julian Rodriguez Sr. Ave. (Ma-a Road). It will feature eight buildings with six floors each and a themed court yard. Each building will have 200 units, 30 to 35 units per floor.
"Each unit has a floor area of 32 square meters with two bedrooms. This has been designed for efficiency and functionality," Las Marias said.
He added that instead of having the laundry rooms inside the units, each unit will have its own "laundry cage" in the roof deck. This allowed them to maximize the space of the living room, master's bedroom, and kitchen.
Aside from the themed courtyard per building, 8 Spatial will also include amenities like swimming pool, clubhouse, and a basketball court. They are also eyeing the possibility of having a commercial building in front of the area which may house laundry shops, coffee shops, and convenience stores.
The developers will be utilizing the construction methodology, this will allow units to be free of beams and columns, so homeowners can enjoy bigger and liveable space.
8 Spatial will also feature a sewage treatment facility and a rainwater recycling system wherein it will be used for watering the garden and for toilet water.
Las Marias added that only 30 percent of the land will be used for the building while the rest of the land, 2.5 hectares, will be developed for gardens and other amenities.
"We envisoned 8 Spatial as a pedestrian community, we will have covered pathways throughout the vicinity so that homeowners can walk from one place to another," said Arca general manager Geraldine C. de Gorostiza.
They are targeting the middle income families and those families who are planning to have a start-up condominium. Las Marias also said that they are also eyeing to tap the potential overseas Filipino workers market.
As of press time, they are processing the necessary permits. Once processed, they plan to start inviting potential clients. They plan to construct one building every year.
They hope that the first building, the perimeter gate, clubhouse, and the pool will be in its finishing touches and be ready for turnover by the end of 2014. As of now they are filling the land in the area as part of their flood contingency plan.
"The project costs P2 billion and have a total inventory of P4 billion in value," said Las Marias.
Once finished, each unit will cost roughly around P1.2 million to P1.3 million. Homeowners can rent the place as low as P6,000.
"This is our response to the increasing demand of affordable housing," said Las Marias.
"This is the best housing alternative for Filipino families who wants to live in a place that is low density and has a wide open space," said de Gorostiza.
8 Spatial is the third joint venture project between FLI and CVA & Sons, Inc. The other two are Fuente de Villa-Abrille along Tulip drive and Le Jardin de Villa-Abrille along Ma-a Road.
Published in the Sun.Star Davao newspaper on September 24, 2013.