Hybrid condominium building 1st of 3 projects lined up by Innoland Development Corp.
A developer launched on Saturday its 26-storey hybrid condominium building at the Asiatown IT Park.
But prior to its launch, local developer Innoland Development Corp. reported that its flagship project, Calyx Centre, already got a good response from the local market.
“The local buyers expressed interest and optimism on the project as it will provide homes for the growing market of mobile professionals,” said Charles Vincent Ong, chief operating officer of the Innoland Development Corp. during the launching at the Marco Polo Hotel.
Calyx Center is a 26-storey hybrid condominium with 225 residential and commercial units. It will soon rise in the Asiatown IT Park.
The company’s flagship is estimated to cost P1 billion and it is reported to be the first of three developments lined up by the company in the next few years.
Innoland said that since it got its license to sell, half of the 119 initial units have been sold. The second tranche of units from the 19th to 24th floors will be opened for selling once the initial units are sold out.
Calyx Centre’s ground floor will house retail and dining outlets and will feature shops to complement the lifestyle of building occupants.
The residential units will start from the 11th floor. The residential tower is designed to have a low density of eight to nine units per wing. Its smallest unit, which is a studio type accommodation, has a total area of 25.94 square meters. Its biggest unit, a three-bedroom unit, has a total area of 107 square meters.
Calyx will also offer office spaces to serve the continuing demand from the information technology (IT) and business process outsourcing (BPO) industries.
Ong said that the building has notable green features, among them the use of compact fluorescent light (CFL) lights in the entire building, saline water swimming pool and operable windows to allow light and wind into the room, solar panels for common area lights, dual piping system and low-flow water fixtures.
The company said it also allotted 2,300 square meters to house the Calyx Club house and gardens with party halls, gym, lounge and pools.
Ong said the firm hopes to deliver the units to owners by the second half of 2012.
Source: SUNSTAR, Cebu. May 31, 2010