Hi! Here I am back with another informative write-up from Philippine Daily Inquirer, published on September 7, 2015, written by Theresa S. Samaniego. You may find the entire article below the photo.
In less than a decade, the country's first ecocommunity that is Nuvali has proven to be a highly significant economic catalyst which has transformed some 2,290 hectares of barren land in Laguna into an integrated mixed use community where residences, businesses, institutions and recreation areas are seamlessly interwoven, thus enabling an equilibrium of modernity, nature appreciation and community engagement.
This, in essence, is how leading property developer Ayala Land Inc. (ALI) has again demonstrated its expertise in bucking trends and revolutionizing the Filipino way of living. Nuvali has successfully replicated ALI's trademark of excellence in creating highly livable and sustainable cities as seen in the company's previous developments within and outside of Metro Manila.
Since its launch in 2009, Nuvali has, indeed, seen an unprecedented growth from the foot traffic, the number of companies and residents that have located in the area, the jobs generated, the increasing tax contributions to national and local government coffers, to raising the economic value of land and property in the area. Today, Nuvali continues to see and welcome a growing number of investors, locators and residents, enabling it to leapfrog to become a growth center in the region.
"Among the major central business districts in the country, we have the highest rate in land value appreciation from the time of launch and we are happy that our investors and buyers have shared in the success of Nuvali," noted General Manager John Estacio.
"In a couple of years, we will begin to have mid-density residential offerings for our higher end brands. We are seeing a huge public interest into eco-friendly living spaces, since there is value for money here and work-life balance is achievable with the green, recreational spaces," Estacio related.
Fastest Growth
Twice the original size of Hacienda Makati, Nuvali has accounted 20 percent of ALI's revenues over the past five years and 15 percent of the company's net asset value, making this eco-community the largest and fastest growing development in ALI's history.
And Nuvali is more than well poised to further solidify its position in the market as the leading eco-city is opening several new projects to complement its expansion plans, starting with the recent completion of Solenad's third wing, a new commercial shopping complex that brings together the best mix of local and global fashion brands, and a variety of cafes, restaurants and world-class entertainment options.
With over 40,000 sqm of additional retail space, this P2 billion retail expansion is set to further boost local economic activity within the area and its neighboring communities and generate close to 1,000 new jobs. It will feature some 200 stores that can cater to a much bigger market from Laguna to Metro Manila, Tagaytay, Batangas and other nearby provinces.
"Solenad will be a catalyst and a milestone project that will contribute to the speedy overall growth of Nuvali," Estacio said.
Adding to its group of recreational and commercial developments will be the opening of Camp N this October, a multi-purpose site built for outdoor and team-building activities. While S&R membership shopping center is slated to launch later this year and QualiMed to be operational by 2nd quarter of 2016.
But what is seen to further add value to the Nuvali development in the coming years is the opening of the Cavite-Laguna Expressay (CaLaX), which is expected to enable ALI to attract more investors and residents and tap a much bigger market.
"With CaLaX, we will soon be directly connected to the South Luzon Expressway (SLEX). Visitors will be able to take the Mamplasan Exit, which is just a short drive away from Nuvali's doorstep," Estacio said.
Wisest Investment
At present, Nuvali offers a diverse portfolio of products within the development, enabling it to register a commendable 14 percent compounded annual growth rate, thus making it a truly wise and practical investment for companies seeking for an alternative location for their offices and operations.
It has also seen some 12,000 residential units being sold over the past years, proving that Nuvali is an investment of choice not only of businessmen, but also of homebuyers looking for a property that could provide them with guaranteed returns and long term value.
In terms of economic contribution, Nuvali continues to play a significant role as it is currently the third best realy taxpayer in Sta. Rosa. Through its various locators, Nuvali has already provided some 4,000 jobs and is expected to further generate another 2,500 jobs given the continuous expansion of the area.
Nuvali continuous to grow with some 85,000 square meters of gross leasable retail and office space. We plan to double the size of our office spaces from 31,000 sqm to 60,000 in three to five years," Estacio disclosed. "One of ALI's major targets for the coming years is to build or locate offices in its mixed-use green urban district. We will be providing potential business locators two types of office formats."
As for its residential offerings, Nuvali also takes pride in providing the widest range of home options with costs starting from P1.8 million to P20 million. Four out of ALI's five residential brands namely Ayala Land Premier, Alveo, Avida and Amaia are present within the development, with the latter providing the community its first mid-density development.
Indeed a fast-thriving eco-city, Nuvali is built upon three sustainable fronts which include economic, environmental and social sustainability. Nuvali has more than proven than it does not only cater to the needs of the present generation, but it can also help shape the future and provide a highly sustainable community for everyone.
