Ovialand embarks on 2nd project with Japan's Takara Leben

Ovialand Inc., a property developer led by the Olivares family, is embarking on its second project with Japan's Takara Leben Co. Ltd. following the success of the partnership's first residential joint venture.

- RICHMOND MERCURIO

Ovialand and Takara Leben will develop Sentro Properties, a 9.7-hectare project in San Pablo, Laguna that will have 746 housing units.

Ovialand president and CEO Pammy Olivares-Vital said the project is expected to generate P2.2 billion in sales.

"We're starting development already this December. The initial turnover of houses is on September next year," she said.

Sentro's product mix includes a townhouse, duplex and single detached units, featuring Ovialand's distinct classic design and premium finishes.

Ovialand's signature home designs are built using pre-cast technology, ensuring homebuyers can move into their brand new homes within three to six months.

Sentro will also feature Ovialand's first commercial center undertaking.