AYALA LAND, Inc. (ALI) said the primary phase of its 37.4-hectare Virendo luxury horizontal residential development in Davao is ready for turnover by the second quarter of 2029, as the true estate developer expands its portfolio in Mindanao.
The event, carried out by ALI’s luxury residential brand Ayala Land Premier, is positioned in Toril, the property developer said in an e-mail statement on Monday.
Virendo marks ALI’s first luxury horizontal residential development in Davao. It’ll offer 150 residential lots starting from 450 to 1,803 square meters, with views of the Mt. Apo-Talomo range and Davao Gulf.
“With the launch of Virendo, we’re introducing a brand new neighborhood that creates a vibrant community embodying the guts of Davao,” Ayala Land Premier President Joseph Carmichael Z. Jugo said.
“The design features expansive green spaces with rigorously integrated waterways flowing throughout the event. Positioned between the Davao Gulf to the east and the Apo-Talomo mountain range to the west, it offers unparalleled views of the horizon,” he added.
Virendo is designed as an exclusive, low-density community inside a master-planned, mixed-use estate.
The project’s amenities are designed by BAAD Studios. It’ll include two amenity centers and a residents’ lounge near the important entrance, with indoor and outdoor spaces for gatherings.
It’ll also feature a sports and leisure center with a social hall, pool complex, and a multi-purpose court.
“This development reflects our commitment to excellence and our deep appreciation for the unique culture and landscape of this remarkable city. We envision Virendo as a spot where families can thrive, connections can flourish, and dreams can take root,” Mr. Jugo said.
Except for Virendo, Ayala Land Premier has other mixed-use estates in Davao, similar to the 10-hectare Abreeza development and the 25-hectare Azuela Cove waterfront estate.
ALI shares dropped by 3.66%, or 85 centavos, to P22.40 apiece on Monday. — Revin Mikhael D. Ochave
