Property giant Ayala Land Inc. is eyeing to contribute to the economic recovery of Cebu as it will pour in almost P90 billion for the development of a 26-hectare waterside estate.
Dubbed as South Coast City, the waterside project at the South Road Properties in Cebu is envisioned to be the new home of prime entertainment and commercial concepts in the area. The project is being developed by a consortium of property developers, SM Prime Holdings, Ayala Land Inc., and Cebu Holdings Inc.
“With the South Coast City, we once again have an opportunity to make a mark and contribute to regional and national progress,” Anna Ma. Margarita Dy, senior vice-president and head of Ayala Land Estates Group said.
The mixed-use estate will feature a commercial center dubbed as the District Square, a 1.1-hectare park, an arena, a convention center, and other recreational facilities which cater to different age groups and varied interests.
For its District Square. ALI said it is offering 11 commercial lots for sale,ranging from 1,777 to 2,601 square meters.
It added that the block development construction of District Square is already more than halfway through and is targeted to be completed by June 2022.
Meanwhile, South Coast City will also house Cebu’s first-ever Arena, which is being constructed as the future go-to destination for safe recreation and events.
The estate will also feature a 4,000 sqm park lane pedestrian system which will connect the main areas of the commercial center, thus promising convenient foot travel among professionals even during the busiest days.
Dy said South Coast City aims to contribute to Cebu’s economic recovery efforts by further enhancing the region’s offerings and generating significant employment and investments.
For his part, ALI president and CEO Bobby Dy said the company is set on a V-shaped recovery for its business and the economy.
“We believe that our vision of ‘enhancing land and enriching lives for more people’ is now relevant more than ever, as we continue to build spaces that not only raise the quality of life for many, but also generate livelihood and employment for a great number of Filipinos,” Dy said.
“As one of the country’s fastest developing hubs, we believe this development will not only put a spotlight on Cebu as a destination of future growth – but will likewise elevate experiences and opportunities for Cebuanos and visitors alike,” he added.
South Coast City stands only 50 meters away from SM Seaside City Cebu Mall; two kilometers from the Cebu South Bus Terminal; four kilometers from the Cebu City Seaport; and just 11 kilometers from Mactan Cebu International Airport.
It is also highly accessible through major highways including the Cebu South Coastal Road and the upcoming Cebu-Cordova Link Expressway or CCLEX (3rd Mactan Bridge). It’s also in proximity to other landmarks such as the SM Seaside City Cebu, Cebu Ocean Park, UP Cebu SRP Campus, Alta Vista Golf Course, and other residential and retail developments.
Ayala Land Estates VisMin officer-in-charge Iris Josef-Mediano said land development of the South Coast City is already underway and is set to be completed in May 2022.
