CHI reintroduces Amara's "The Parks"

CEBU, Philippines - Ayala Group’s luxurious seaside subdivision called “Amara” is beefing up interest from the discriminating property buyers in Cebu by re-introducing its phase 4 expansion, “The Parks.”

Cebu Holdings Inc. (CHI) president Francis O. Monera said that Cebu’s real estate market interest has expanded tremendously from strong demand for middle-range to condominium products, now increasing number of clients are demanding for quality, and luxurious residential products.

The Amara phase 4, “The Parks at Amara” has 53 lots for its first tranche which are classified into prime, parklane, park estate, and the coveted park premier lots.

Monera said the group continues to hold on its strong confidence of the Cebu economy, the reason why Ayala Land Inc., (ALI) has brought in its residential brands in Cebu.

Designed as a truly distinctive community, Amara North complements the first-class resort amenities of earlier sold-out phases including the grand clubhouse which features infinity pools, a Jacuzzi, social hall, function room, a beach bar and view decks that offers the spectacular view of Mactan channel.

Of the 44-hectare, only 10-hectare is left for more expansion, said Monera.

Strict standards of the Ayala Land Premier brand govern every detail of the master-plan to give Amara residents an uncompromising experience of life in this premier community.

The Ayala Land Premier brand is set exclusively for the most well-appointed addresses—the likes of renowned communities such as Ayala Alabang, Forbes Park, and Dasmariñas Village in Luzon.    Amara is a joint development project of Ayala Land affiliate, Cebu Holdings, Inc. (CHI) with Coastal Highpoint Ventures Development Inc.

This scenic community sits on a 46-hectare property located at Barangay Catarman, Liloan, Cebu, approximately 18 kilometers from the city.

According to Monera, “The Parks”, located inside the sprawling seaside residential subdivision, might be the last offer for “lot only” package of Amara, as the last phase might be a house and lot offer.

Because of the encouraging take up for high end subdivision properties, Monera said CHI, together with its mother company Ayala Land Inc. (ALI) is now looking at investing on another posh subdivision project that may be located somewhere in the North East side of Cebu.

However, he said detail of this new project is still under study, as negotiation of the eyed property is still ongoing.

CHI partnered with Coastal Highpoint Ventures Inc., in the development of Amara subdivision six years ago. Now, on its fourth phase of development, Monera said Cebu has provided encouraging take up for high-end property developments, the reason why the company is eyeing to develop another project soon.

This new project, he added might be bigger than “Amara”, as the market demand is growing in this kind of development.

The company is now showcasing its offering of “The Parks” inside the Amara development, through a photo exhibit by renowned photographers in Cebu, to further stimulate the market for high-end residential and seaside type living in Cebu. (FREEMAN)