Saturday, October 04, 2008 CHI eyes fourth phase for upscale project
DEVELOPER Cebu Holdings Inc. (CHI) reported the sell out of phase 3 of its seaside residential development, Amara.
The market showed sustained enthusiasm in Amara with the take-up of all 84 lots in Phase 3, launched only in October 2007.
Amara, an Ayala Land Premier community, continues to dominate the high-end residential market for the third year, since its 2005 launch. When it was first launched, Amara broke sales records with the sale of 92 percent of the lots within a week after it was first offered to the public.
Amara, is a joint development project of Ayala Land affiliate CHI with Coastal Highpoint Ventures Development Inc. (CHVI). This scenic community sits on a 46-hectare property located at Barangay Catarman Liloan, Cebu.
One of 24 lighthouse communities in the world, and the first in the Philippines, Amara will provide the ideal resort-inspired residential enclave for families who can enjoy the rustic, seaside ambiance just minutes from the city.
Facilities
The various phases of Amara will have unique facilities to afford residents with a range of lifestyle options. Phase 3 will have a picnic grove in a forest setting with gazebos and lighted walkways where residents can unwind and enjoy the green landscape just a few steps from home.
Also in Phase 3, residents will be renewed by the sea with viewing decks along the esplanade. There will be shaded sitting areas and a boardwalk that will be located along the edge of the sea, the boardwalk allows an uninterrupted view and feel of Mactan Channel and Camotes Sea.
Due to brisk take-up and with zero lots in its inventory, CHI is set to launch the next phase of Amara within the month.
“This new phase is especially designed for sea lovers and water sports enthusiasts with the best choice for luxurious seaside living,” Tetta Baad, head of the Real Estate Development Group for CHI said.
“In all the previous phases of Amara, the first lots to be sold were the bluff lots. It seemed we never had enough to meet the market demand. With Amara North, we hope to finally have enough,” Baad explained.
In Amara North, there will be 16 premium bluff lots, eight of them fronting the Camotes Sea. (PR)
