Growth opportunity in the South
Property developer Cathay Land expects investors to have strong interest in the residential units of Ananda Square, since the project will be Alabang’s newest commercial and residential landmark. Located along Alabang-Zapote Road in Las Piñas City, Ananda Square will host a supermarket, coffee shops, restaurants, banks and more retail choices in its three-floor mall. Cathay Land president Jeffrey Ng said the promise of a new shopping mecca, and the prevailing real estate boom in the South – with prices of similar condominium projects hovering north of P200,000 per square meter -- will give Ananda Square an edge among buyers and investors. The first of Ananda Square’s four towers is a 20-storey mixed-use building that will feature about 700 units and will be comprised mainly of studio units and 1-bedroom suites. “With our attractive pricing, we are confident that we can tap a good mix of young professionals working in the Alabang CBD and beyond, those who are growing their families, and those who are looking to make investments in the South as it grows its commercial and industrial hubs even further,” Ng said. Ananda Square units start at around P98,000 per square meter. A 24-sq.m. studio unit starts at P2.8 Million, whereas a 32.63-sq.m. 1-bedroom unit goes for up to P3.2 Million. Bigger spaces are available at the two penthouse floors, where buyers have option to combine adjacent units.