First come, first served

NO WONDER Ayala Land Inc. officials are walking on air. Last weekend, sales of Park Terraces, the latest offering of top-tier Ayala Premier that will rise beside the busy Glorietta shopping mall, hit a whopping P3.5 billion. And to think, the project hasn’t even been formally launched yet (that will happen only tomorrow).

Of the close to 400 units on the table—costing between P5 million and P40 million—only 92 are left. But there are already buyers for those if the check reservations of P50,000 each are any indication.

Officials share that more than 400 letters of intent have been submitted to Ayala Land, exceeding the 370 units on offer.

To determine who gets what unit, the real estate unit of Ayala Corp. had the letters time stamped so they will know to the second who reserved. Tina Arceo-Dumlao

Source: Inquirer