Property giant Ayala Land Inc. unveiled on Thursday a 200-hectare new estate development called “Evo City” in Kawit, Cavite, groomed to be the next central business district (CBD) south of the metropolis that will benefit from robust economic growth and infrastructure-building.
The group will jumpstart development of this newest mixed-use project with a new gated village under Alveo Land called “The Residences at Evo City,” bringing P7.4 billion worth of new real estate inventory in the form of subdivision lots which will be turned over to buyers by 2020.
In a press briefing on Thursday, Alveo Land president Jennylle Tupaz, said The Residences would be the only subdivision development in this future CBD which is as big as the Makati CBD. The Residences will be to Evo City as Urdaneta Village is now to Makati, a prime subdivision within a thriving CBD, she noted.
Alveo will offer only a total of 760 lots in this subdivision development, which will occupy 41.4 hectares of Evo City. For the first phase, Alveo will bring to the market 395 lots with an average size of 236 square meters (sqms). Average selling price is P30,000/sqm while average contract price is P9.7 million.
Minimum lot cut will be 294 sqms while maximum will be 325 sqms.
“The Residences at Evo City will offer the ideal living experience in the South. With the seamless synergy of all the Ayala brands involved, Evo City will become a prime CBD that will drive growth and progress in Cavite. This will be an estate that delivers complete work and living experiences in a well-masterplanned and sustainable environment,” Tupaz said.
Amenities include a main park and smaller cluster parks situated around the subdivision. The clubhouse will have a function room and board room, a lap pool, lounge pool and a children’s pool.
Alveo had sounded of its newest residential enclave to prospective buyers and is confident that lots in the first phase will be nearly sold out in no time after the official launch in the next few days.
After The Residences, subsequent residential offerings in Evo City will be high-rise developments, making this subdivision project a much-sought development, especially for families seeking to live in a gated village accessible to people working in Metro Manila.
Evo City – which is bordered by the Centennial Road, Kalayaan Road and the soon-to-be developed Cavite-Laguna Expressway (CALAX) – was to be less than an hour away from the metropolis by road travel.
Based on its pricing level, Alveo’s The Residences is suitable for households with combined monthly income of about P300,000. Monthly amortization to purchase a lot is estimated starting at P160,000.
Aside from residential offerings by Alveo, Evo City will also feature a lifestyle mall by the Ayala Malls Group, a hotel by Ayala Hotels and Resorts Corp, office developments by Ayala Land Offices, and residential offerings by Alveo Land. Civic space for parks and plazas, a school, church, and hospital complete the estate. In addition, other Ayala companies such as Globe Telecom and Manila Water will be lending their expertise in developing the communication and water systems.
Later in the year, Tupaz said Alveo Land would also offer commercial lots for sale in Evo City.
About 40 percent of Evo City will be devoted to open space. Based on the masterplan, the entire CBD is anchored by a 5-hectare park for various outdoor activities. It will also have mini-parks and mini-plazas and a pedestrian-friendly road network with dedicated bike lanes.
The first phase of development in Evo City, which was previously idle land, covers 121 hectares. The estate is also envisioned to offer smart and efficient designs with multiple and interconnected services such as traffic management, public transport, emergency services and security systems managed through an integrated operations center. This seeks to ensure that everyday operations run seamlessly throughout the future CBD.
Tupaz said Evo City was derived from the word “evolution” as this project sought to bring the district and its outlying areas forward towards growth and progress.