ArthaLand Launches 2nd Tower Of Its P6.2-B Global City Project

MANILA, Philippines - ArthaLand Corporation is launching the second of its P6.2-billion twin-tower Arya Residences along McKinley Parkway in Bonifacio Global City.

According to Arthaland vice president for project and business development Nina Sayson-Cordero they are launching the P3.54-billion second tower since the P2.66-billion first tower is already 75 percent sold.

"Only some one-bedroom units are still available and this indicates that the market's demand is for bigger units," Cordero said adding that this has prompted them to offer on two, three and four bedroom units in the second tower.

The low-density high-rise second tower will have only 211 units in 43 floors with the smallest two-bedroom units having 124 square meters while the penthouse 4-bedroom bi-level units will have up to 385 square meters. The price is an average of P145,000 per square meter.

The project is the first and only top-end residential high rise in the Philippines that is registered under the US Green Building Council's LEED (Leadership in Energy and Environmental Design) program with a certification goal of Gold.

ArthaLand also inked a Memorandum of Mutual Cooperation and the Philippine Green Building Council (PhilGBC) to register Arya Residences as the pilot project to the BERDE Residential rating system.

The agreement makes the prime property the first and only top-end residential condominium to be registered under the program. Arya Residences becomes the benchmark for green vertical residential buildings in the Philippines.

BERDE (Building for Ecologically Responsive Design Excellence) is a green building system developed by PhilGBC under the country's unique environmental conditions.

BERDE aims to promote green building and construction practices such as improving indoor air quality, enhancing efficiency in water usage, promoting energy efficiency and conservation, establishing solid waste management practices, and advancing eco-friendly site development.

The program also espouses further utilization of green materials in all phases of the building construction.

"Greening the real estate sector is a very important step for all the stakeholders in the industry," said Arthaland president Angie de Villa-Lacson.

She added that "the dual certification that we are vying for reflects our seriousness in our goal to achieve the optimal results of going green. We are on target to achieve the world standard in green buildings."