Havitas Properties announces low-cost luxury vacation homes

Emerging real estate entity, Havitas Properties Inc, unveiled their ambitious plans on Tuesday to construct multiple income-generating vacation townhouses – designed with an eye on investors who are seeking avenues for passive income.

The chairman of Havitas Properties, Alejandro Mañalac, shared with journalists that the burgeoning company would initially zero in on the creation of select, intimate developments of vacation residences styled in a unique fashion and possessing promising potential for rental income.

“Aya Hills constitutes our maiden project and it will be set up in Talisay, Batangas. Upon discovering this location, endowed with a magnificent viewing angle of Taal Lake, we were seized by the realisation of how we could turn it into a one-of-a-kind product – a development oriented towards the lifestyle of vacation or staycation homes, that also promises strong income opportunities via rentals,” expressed Mañalac.

The said project would span an area of approximately two hectares, bearing a project cost in the vicinity of P300 million, and is projected to be accomplished by the year 2027, reported Manila Times.

Mañalac further elaborated, “Our long-term objective encapsulates the establishment of properties with low population density and as part of our future plans, we aim to put up properties in the vicinity of beaches, reefs, ridges, as well as in highlands and islands – all of which are in line with the preferences of today’s youth. While our properties would carry the appearance of being luxurious, they would be surprisingly affordable.”

Havitas Properties was brought into existence by eminent real estate professionals Alejandro Mañalac, Jonathan Caro, Erwin de Pedro and David Rafael, who were flush with the success of their real estate development consultancy firm, Havitas Developments.

Robin Karlsen, boasting of a wealth of experience in both international and local markets in land acquisitions for international real estate developers, is also a member of the team. Asia Brewery’s Michael Tan, it is understood, has procured a personal stake in the firm.

“The founders are thrilled to have Michael Tan onboard. We have liaised with him in the past and his counsel, perspicacity and expertise are going to be immensely beneficial for our company,” stated Havitas Properties president and Chief Executive Officer Caro.