• Affordable Housing

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    Affordable Housing

    Concept

    Mercedes Homes Soro Soro is one of the first and largest affordable housing developments in Batangas City. Conceptualized as a place where quality construction meets competitive pricing, Mercedes Homes seeks to be a place where affordable luxury prevails.

    Fresh from the success of Mercedes Homes in Sto. Tomas Batangas during the years 2008 to 2012, NAB Group, through ASTRA REALTY CORPORATION, has brought its quality development to Batangas City. Envisioned to be a model township project, the first phase of Mercedes Homes Soro-Soro is set on over 20 hectares of land split into four self-sustaining communities. At the center of each five-hectare community is an open air clubhouse for residents to enjoy. Each community also has a provision for a landscaped open space.   

    About Astra Realty Corporation

    Astra Realty Corporation is an accredited developer of the Home Development Mutual Fund and a subsidiary of NAB Group of Companies. Poised as one of the emerging leaders in affordable housing development, NAB Group (and Astra Realty) has a proven track record in building quality communities at affordable prices. Astra Realty’s mission is to offers not just housing solutions to every Filipino family, but an opportunity to make an ideal property investment at very minimal cost.

    Mercedes Homes Soro-Soro – our first housing project in Soro Soro, Batangas City – is set on over 100 hectares of Astra Realty land (the first phase sits on 20 hectares).

    Mercedes Homes, Soro Soro, Batangas – More Information

     

    • 2012 – PRESENT
    • Total of 12,787 homes on a 107-hectare property
    • Home prices from P1,000,000 to P5,000,000
    • PHASE 1
      • Comprised of 20 Hectares and 2,021 homes
      • Completed in 2019
      • Includes three unit styles:
        • RESIDENCES – 40 SQM lot area/ 48 SQM floor area
        • VILLAS – 40 SQM lot area/ 74 SQM floor area
        • MANORS (single detached homes) – 80 SQM and above lot areas / 77 to 115 SQM floor areas
      • Actual sales value P2.5 Billion
    • PHASE 2
      • 27 hectares is currently subject of development for another 3,341 homes priced at P5Million and below. There is a private gated and lighted-cement road network access from the Batangas National Road leading to Phase 2 (1.5 kilometers) and Phase 1 (1.5 kms). Both phases are connected (1km)
      • Phase 2 has a sales value of over P6.14Billion and is expected to be completed within 5 years
    • PHASE 3
      • Balance of 60 hectares, connected as well with phases one and two and the main access road from the Batangas National Road
      • Remaining 60 hectares has total sales value of over P13.65Billion
      • Another 7,425 homes will be developed
      • NAB Group expects to complete its Soro soro residential community estate in five years. As of today, a total of 12,787 homes will be developed, with 2,021 homes sold and completed. Total sales value for the entire Soro Soro Estate is over P22.29Billion.
      • As the Company continues to develop its access roads, land acquisition opportunities arise. 

    Mercedes Homes, Santo Tomas, Batangas – More Information

    • 2009 – 2012
    • Total of 1,049 units on a 9-hectare property
    • Actual sales value P785 Million
    • Mix of 32 SQM floor area townhouses on 40 SQM lots and executive manors of 60 SQM floor area on 85 SQM lots

    Current Project

    Through subsiadiary VIRKAR Realty Corp, NAB Group recently purchased a 38 hectare property right in from of the Padre Pio Shrine main entrance. This estate is also current subject for development for over 5,000 homes priced at P5Million and below. Completion is expected within five years, with sales value of about P10 Billion.

    Mercedes Homes, Libjo, Batangas


    • Completed in 2001
    • Total of 100 developed residential lots and 20 commercial lots on a 2.4-hectare property
    • Actual sales value P200 Million