Thursday, November 06, 2008
CHI reports fast take-up
Despite the current economic situation, take-up at Amara’s newest phase has been impressive since it was opened to buyers late last month, developer Cebu Holdings Inc. (CHI) reported.
Thirty percent of lots at Amara North were taken up by buyers in less than a week, and 84 per cent of these have premium prices.
This premium priced lots are located along the shoreline and have a price tag of P16,000 per square meter, 22 per cent higher than those in previous phases of Amara.
Offering an initial 58 lots, Amara North will give direct sea access through an existing private wharf for yachts and speed boats in an exclusive enclave.
There are also alternative lot categories at Amara North.
Amara is a joint development project of Ayala Land affiliate CHI and Coastal Highpoint Ventures Development Inc. It sits on a 46-hectare property in Barangay Catarman, Liloan, Cebu.
“Amara is for end-users and investors alike. The bullish take-up is proof that the market, which is more discerning at these times, still believes that real estate is a very secure place for their money, especially when stamped with a world-class developer,” Francis Monera, CHI president said. (PR)
For Bisaya stories from Cebu. Click here. (November 6, 2008 issue)
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