Ayala Land Premier, the luxury residential brand of major property developer Ayala Land Inc., has sold out its first premium tower residential project in Davao City with sales valued at P2.6 billion.
ALP head of sales and marking Paolo Viray said in a press briefing the first tower of the two-tower development, called The Residences at Azuela Cove within 25-hectare Azuela Cove, was sold out upon its launching day.
The low-density residence features only 70 expansive units priced at around P33.1 million each, with two iconic penthouse units worth P80.8 million each.
Viray said local residents purchased 70 percent of the units while buyers from Metro Manila with businesses and families in Davao bought while 15 percent. The balance was sold to buyers from abroad and neighboring provinces of Davao.
“What we are seeing is the confidence of the Davao market in the project’s unique and first-of-its-kind concept. The luxury seaside condominium is a first in Davao, and offers... balconies and commanding sea views...,” Viray said.