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Brand Partnership Properties

Eagles’ Nest unit owner praises convenience of condo living

More time for the family, fuel and other savings, and escaping the stress brought on by driving on congested Metro Cebu streets are just among the many benefits you get from living in a premier condominium development like Eagles’ Nest.

Businessman Ricardo Pendon said getting a unit at Eagles’ Nest of leading property developer Primary Homes, Inc. paid off for him and his family.

“My kids used to wake up at 4 a.m. Now, they can wake up late because we don’t need two hours to travel from home to school,” he said.

Pendon’s three children study in schools close to Eagles’ Nest, which is conveniently located along H. Abella St., Barangay Canduman, Mandaue City. Two kids, who are in the third and fourth year of high school, go to the Sacred Heart School – Ateneo de Cebu. The eldest studies at the University of San Carlos-Talamban Campus (USC-TC).

Pendon’s Ateneo students has more time for study and school activities. The fourth year student uses his extra time for group study at school while the other one, a soccer player, can stay for late night practices.

 

eagles-nest-2

Family savings

Since they don’t have to drive two hours to school, Pendon said they were able to save up to P12,000 monthly in gasoline costs.

He added that there was no more need for a full-time driver, which was another avenue of savings, and the family just gave their employee another job assignment.

For the Pendon family, Eagles’ Nest lives up to its name as a convenient home in the heart of the metropolis.

Aside from top schools like Ateneo and USC-TC, the condominium development is also located near the business centers in the cities of Mandaue, Cebu, and Lapu-Lapu as well as Cebu’s international airport in Mactan.

Citing that it worked very well for him and his family, Pendon highly recommends a condominium unit at Eagles’ Nest especially for parents with children in these two schools.

Comfort living

With the aim of Primary Homes to “PLEASE” (for Perfect Location, Enriching Amenities, and School Endorsement by Ateneo as alternative living arrangement) with its Eagles’ Nest development, it has certainly done that for Ricardo Pendon and his family.

“It’s about safety and security inside the Eagles’ Nest building, and the accomplishment of being able to provide comfort living for my children,” he pointed out.

Condo owners get the added advantage of 24-hour security through a closed circuit television (CCTV) and top-of-the-line fire alarm and sprinkler systems. At Eagles’ Nest, outages are non-existent with its 100 percent backup power.

The residential condominium features two units: modular studio (22 square meters) and two-level loft (32 square meters). The units have finished floors and walls and come with kitchen sink and countertop as well as tiled toilet and bath complete with bathroom fixtures.

To know more about Eagles’ Nest, you can contact the developer at +6332 254-7188 or through its Facebook page www.facebook.com/PRIMARYHOMESofficial.

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Properties

Governor Davide signs revised agreement for Ciudad Project

Cebu Province and Fifth Avenue Development Corp. signed an amended build, transfer and operate agreement to resuscitate the long-stalled Ciudad Project in Banilad, Cebu City.

Cebu Governor Hilario P. Davide III, representing the Cebu Provincial Government, expressed his optimism on the project’s realization. “We endeavored to correct the mistakes before. Naniguro gyud ko nga ang agreement gi-signan karon naa na gyuy authority (from the Provincial Board),” he said.

Michael Dino, executive vice president of Fifth Ave., also expressed their desire to move forward with the project. “We are rushing as well. This has been stalled for quite some time already. We are itching to start the project,” he said.

He said the project cost may now reach P2 billion.

Fifth Avenue recently entered into a memorandum of understanding with Filinvest Land Inc. (FLI), which would finance the development of the Ciudad property, as well as act as its “exclusive marketing, operation and management arm.”

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Brand Partnership Business Properties

Primary Homes unveils residential project Solare within Mactan tourism hub

Right within the tourism mecca of Maribago in Mactan with its beach resorts that serve as the hub for such water activities as snorkeling, diving, parasailing and jet skiing, top property developer Primary Homes, Inc. unveiled recently another master-planned residential community called Solare.

The development, which caters to the middle market bracket, is made up of a total of 139 single detached houses in four different designs, said Primary Homes vice president for sales and marketing Ramero Espina.

Solare is open and expansive as it sits on a 3.5-hectare property along Buyong Road in Barangay Maribago, Lapu-Lapu City. Nearby landmarks include the Tambuli Beach Resort, Bluewater Maribago Beach Resort, and Cebu White Sands Resort and Spa. The residential community is a few minutes away from the Mactan Newtown and several other commercial areas.

Solare Mactan
Palacios Grande is an 87-square meter 4-bedroom house with a lot area of 120 square meters.

Built with family in mind

“Breathing life to our tagline ‘Live the Bright Life,’ we’ve built Solare with the family in mind. We have incorporated into the development many amenities that promote the celebration of life’s special moments,” Espina added.

The residential community has easy access to major facilities and establishments, from the airport to hospitals to malls, in Mactan, he pointed out.

Espina said owning a unit at Solare does not have to cost a fortune, as it offers a wide range of housing choices with prices ranging from P2.5 million to P4.5 million and flexible payment schemes.

At this stage in the development, around 10 percent of Solare units are covered by letters of intent (LOI) from prospective customers.

Housing demand to continue

With Cebu’s economic development growing more than the national average, buoyed by rapid growths in the tourism, business process outsourcing (BPO), and manufacturing sectors, Espina said the housing demand would continue to rise.

“In Cebu, there is a big influx of workers and the same is true for Mactan. Many of them are middle-income earners. They will need homes here,” Espina added.

A Primary Homes statement said Solare is the ideal home for professionals working in manufacturing and BPO companies at the Mactan Ecozones, overseas Filipino workers, retirees, investors, and foreigners with Filipino spouses. Units are scheduled for turnover to buyers by the fourth quarter of 2017.

Solare Mactan
Hermoso is an 81-square meter 3-bedroom house with lot area of 180 square meters.

 

Solare units

Available Solare units include Hidalgo Royale, a 45-square meter 2-bedroom house with lot area of 120 square meters; Hermoso, an 81-square meter 3-bedroom house with lot area of 180 square meters; Turriano, a 56-square meter 3-bedroom house with lot area of 120 square meters; and Palacios Grande, an 87-square meter 4-bedroom house with lot area of 120 square meters.

Solare homes are Mediterranean-inspired with Spanish-tiled canopies and arched window molding. Finished units already have tiled floors, bedroom closets, kitchen counter with sink, bathroom fixtures, built-in cabinets and come with landscaped front garden and carport.

Subdivision amenities include a multipurpose hall, basketball court, selected landscaped sites, and play area.

Solare Mactan
Primary Homes “built Solare with the family in mind,” said vice president for sales and marketing Ramero Espina.
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Brand Partnership Business Properties

The Courtyards at Brookridge combines best of modern, rustic living

Landscaped gardens, walk-up flats, and modern comforts, The Courtyards at Brookridge redefines condominium living in Cebu.

This condominium community in Happy Valley, a premium residential location in Cebu City, will have a total of 10 building clusters, each with 20 to 25 units.

It is the second low density condominium project of Primary Homes, Inc. after The Courtyards at Banawa, a P300-million development that introduced Cebu’s first “walk-up” units.

The units are targeted for people who feel confined in medium-rise to high-rise buildings, said Primary Homes vice president for sales and marketing Ramero Espina.

It is also for those who want to cash in on the booming property rental business by investing in a unit or units at The Courtyards in Brookridge, he added, citing that there are a lot of students not from Cebu but studying here who need a place to stay.

The Courtyards at Brookridge clusters

Clusters A, B, and C will have three floors while Clusters D to J of The Courtyards at Brookridge will have four floors.

Potential buyers can choose from studio to two-bedroom units that range in size from 14 to 59 square meters. Finished condo units already have painted walls, partitions and ceiling, tiled floors, tiled toilet and bath with bathroom fixtures, provision for a water heater in the shower, kitchen sink and countertop as well as cabinets.

Except for the studios, all other units have service areas for a washing machine and dryer. Some one-bedroom and two-bedroom units come with their own balconies, from where one can best enjoy the greenery.

 

The Courtyards at Brookridge. Potential buyers can choose from studio to two-bedroom units that range in size from 14 to 59 square meters.
The Courtyards at Brookridge. Potential buyers can choose from studio to two-bedroom units that range in size from 14 to 59 square meters.

 

Each building cluster gets its own open courtyard with manicured gardens, mini-playground, and strolling lane. It also comes with its own fire detection and alarm system and a back-up power generator so condo owners need not suffer from outages.

Additional amenities for the whole condominium community include a swimming pool and clubhouse, pedestrian bridge, shooting hoops, and wastewater treatment facility.

Modern comforts

Located at the heart of urban Cebu City, the community has close access to medical centers such as Chong Hua Hospital and Cebu Doctors’ Hospital, malls and convenience stores like Paseo Arcenas, One Pavilion, 7-eleven and Mini-Stop, churches, as well as big colleges and universities.

SALES PROMO. The Courtyards at Brookridge is offering a great BER deal promo with payments start at P7,000 per month.
SALES PROMO. The Courtyards at Brookridge is offering a great BER deal promo with payments start at P7,000 per month.

 

The Courtyards is not just a name, it is a way of life that’s open and free. It comes with all the modern comforts of a home right in the middle of the urban action but still with the breathing spaces of a rustic retreat.

Live in a home that’s less than 30 minutes from the business, shopping, and academic centers without missing on the goodness of fresh air and lush greens that only nature can provide.

You can have the best of both rustic and modern worlds from your home in The Courtyards at Brookridge.

PROMO ALERT:

The Courtyards at Brookridge is offering a great BER deal promo. Payments start at P7,000 per month. To know more about the low monthly payments call the company at +6332 254 7188

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Brand Partnership Business Properties

Eagles’ Nest perfect for Ateneo de Cebu students, property investors

Top developer PrimaryHomes, Inc. opened on August 11 its showroom for the loft units of Eagles’ Nest Condominium in Canduman in Mandaue City.

This mid-rise residential condominium was developed primarily to address the need for quality yet affordable living for families with students enrolled at the Sacred Heart School Ateneo de Cebu. The development, according to Cebu’s most reliable developer, carries the catchword PLEASE, offering accessibility and convenience with its Perfect Location, having Enriching Amenities, and being School-Endorsed.

Perfect location

With its Perfect Location, Eagles’ Nest helps parents and students avoid wasting time on the road and reduces transportation costs by more than P20,000 a month in savings on transportation expenses like car amortization, driver’s salaries and gas. It is located right beside the school.

Eagles’ Nest is also School-Endorsed, fully supported by the Ateneo de Cebu as an alternative living arrangement for students. This will allow students more time for both studies and extracurricular activities, aiding them to become well-rounded individuals. Eagles’ Nest also boasts of Enriching Amenities such as a study hall, science observatory deck, themed lounge per floor, commercial area for laundry, convenience shop, food court, and tutorial services. Tutoring Club Cebu already opened at Eagles’ Nest last month.

Eagles' Nest
ENRICHING AMENITIES. Eagles’ Nest boasts of amenities such as a study hall, science observatory deck, themed lounge per floor, commercial area for laundry, convenience shop, food court, and tutorial services.

Top-of-the-line safety features

Top-of-the-line fire alarm and sprinkler system with fire exits, back-up power generation, and Closed Circuit Television (CCTV) system are also installed at Eagles’ Nest to ensure the safety of residents.

Eagles’ Nest is the seventh condominium project of PrimaryHomes, which was launched last August 2012. It is now 70 percent sold and all remaining units are ready for move-in. Eagles’ Nest has a total floor area of 15,025 square meters designed with two unit types – the studio and loft. The 22 square-meter studio units are at P1.6 million; while the 34 square-meter loft units are at P2.8 million.

With all the conveniences the development offers, Eagles’ Nest is perfect for investors. Even with a captured market, the developer has shared the great opportunity for investors to earn rental income from Eagles’ Nest – the only condominium of its kind in Cebu.

Eagles' Nest Sacreat Heart School Ateneo de Cebu
SCHOOL-ENDORSED. Eagles’ Nest is fully supported by the Ateneo de Cebu as an alternative living arrangement for students. This will allow students more time for both studies and extracurricular activities.

QUICK FACTS

Number of Floors: 16 Floors
Number of Units: 348 Units
Breakdown of Units
Studio: 319 Units
Loft: 29 Units

Return on Investment
Rental Yield: (after 5 years) 40% to 50 %
Resale ROI: (after 5 years) 40% to 50 %
Capital Outlay: P360 million


Studio units can be rented out at P13,000 to P15,000 per month yielding 8% to 10% per year – higher than the average annual rental yield for Philippine property investments. According to globalpropertyguide.com, Philippines is one of the best places to invest in Asia, with 7.5% rental yield, ranking 2nd to Indonesia with 8.9%; while next to the Philippines is Cambodia with a much lower yield of 5.3%.

The Eagles’ Nest showrooms for studio and its newly opened loft units are available for viewing Monday to Sunday, from 9 AM to 5 PM.

For questions and to schedule a site visit, please call +6332 254 7188 (tap on number to call on your phone) or visit the company website at www.primaryhomes.com and its official Facebook page at facebook.com/PrimaryHomesOfficial.

eagles-nest-poster

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Brand Partnership Properties

The Penthouses of Woodcrest Residences offers breathtaking vista, luxurious loft living

Staying in means basking in the view of urban Cebu’s multi-colored lights at night from your spacious home at The Penthouses of Woodcrest Residences. Weekends are fitness days spent at the second floor gym.

A relaxing dip in the pool comes before a nightcap as you turn in for the night. Live in utter cosmopolitan comfort at the heart of Cebu City.

Woodcrest Residences is a nine-storey residential development along Don Quijada St., Guadalupe, Cebu City that features 20 high-end units called The Penthouses.

The Penthouses of Woodcrest Residences

They form part of the 160 units of Woodcrest Residences but are located at the topmost levels of the condominium tower.

The high-end units fall into three categories: premium, deluxe, and regular.

The Penthouses of Woodcrest Residences units

Michelle Cutang, marketing manager of Woodcrest developer Primary Homes, Inc., said the loft units are ready for occupancy and range in price from P9.5 to P11 million.

A regular loft has floor area of 122 square meters, a deluxe loft spans 130 square meters, while premium lofts are the biggest units at 153 square meters.

The Penthouses are two-level units with two private balconies and a spacious terrace on the second level for the deluxe and premium lofts.

The Penthouses of Woodcrest Residences

They are finished units with painted walls, partitions and ceilings, tiled floors, bathroom fixtures, electrical provision for water heaters in all showers, bedroom closets, kitchen sink, cabinets, and countertops, service area with washing machine and dryer, provision for aircon openings and outlets, as well as individual porch for privacy and convenience.

Breathtaking sunrise and sunset views from the balcony are a staple of loft living at The Penthouses.

World-class amenities

High-end condominiums are in demand among executives of foreign firms operating in Cebu, said PHI vice president for sales and marketing Ramiro Espina. As the number of multinational companies opening branches in Cebu continues to rise, so does the demand for units like The Penthouses, he added.

The Penthouses of Woodcrest Residences
Woodcrest Residences is a nine-storey residential development in Guadalupe, Cebu City that features 20 high-end units called The Penthouses.

The Penthouses comes with readily-available, world-class amenities such as one’s own parking lot and spacious corridors within modern hallways.

Access to The Penthouses is through two elevator units. A multi-level parking area is provided for the convenience of condominium owners. For security purposes, there is a 24/7 closed circuit television (CCTV) system.

Loft units are telephone, cable, and Internet ready and have individual mailboxes located at the main lobby, garbage chute, fire alarm and sprinkler system as well as fire exits, and standby generator sets for selected units.

The Penthouses of Woodcrest Residences

Are you interested in getting a unit? You can call the developer at +63 998-965-8115 or +63 32 260-8099 (tap on numbers to call).

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Business Properties

AboitizLand introduces space-saving solutions in Persimmon Studios

Since condominium living can be tight and presents a problem when you have visitors, AboitizLand, Inc. introduces the “transformative living concept” in its Persimmon Studios units at Persimmon Plus along MJ Cuenco Ave.

This involves space-saving solutions for the 24.5-square meter and 26.4 studios being acquired as fully-furnished units, said AboitizLand assistant vice president for marketing Joey R. Zamora.

“Young condo owners, who are vibrant and love to entertain, want to have friends over but are constrained by the small space. We thought of something to address this need,” he added during a recent AboitizLand event.

Aboitizland Persimmon Studios
PERSIMMON STUDIOS units are located at Persimmon Plus along MJ Cuenco Ave.

According to Zamora, AboitizLand, Inc. worked with Maya Franco, a well-known young interior designer, to provide innovative design concepts for small condominium spaces.

One of the ingenious solutions she came up with was a retractable bed that transforms into a sofa by day. The bed becomes part of the wall when it’s not being used, freeing much of the space for a living room where young owners can do their entertaining.

“With the bed out of the way, they can entertain about eight people comfortably,” he pointed out.

 

Aboitizland Persimmon Studios
FROM BED TO SOFA. A retractable bed transforms into a sofa by day. The bed becomes part of the wall when it’s not being used, freeing much of the space for a living room where young owners can do their entertaining.

Aboitizland Persimmon Studios

Furnished units

Zamora said they offer fully-furnished units primarily to cater to their overseas Filipino workers (OFWs) market.

There are a lot of Cebuano OFWs who are interested in investing in condominium units but want something they can rent out immediately without the headache of having to furnish them, he added.

Furnished Persimmon Studios units come with the pull-down bed, kitchen base and overhead cabinets as well as countertop, wardrobe cabinets, dining table and chairs, and a floating office desk.

A 1.5hp Window-type aircon, electric stove and range hood, 7 cubic feet refrigerator, and a 32-inch Smart LED tv are also included.

Aboitizland Persimmon Studios
SMALL BUT NOT CRAMPED. AboitizLand, Inc. worked with Maya Franco, a well-known young interior designer, to provide innovative design concepts for small condominium spaces.

Persimmon Studios

Persimmon Studios is a two-tower development that is currently ongoing construction, said Piscataway real estate consultant Junrey A. Heredia. He added that condominium amenities and facilities are located at the sixth floor.

These include an adult lap pool and kiddie pool, clubhouse with gym, function room, game room, multipurpose court for basketball and badminton, children’s playground, landscaped open spaces, 24/7 security and CCTV system, and a commercial area in front of the residential buildings.

Only 202 24-square meter and 26-square meter studio units remain as 70 percent of the two towers have been sold off.

The price of furnished units ranges from P2.7 to P3.1 million.

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Brand Partnership Properties

Astele offers ideal island living in historic resort city of Lapu-Lapu

Off central mainland Cebu lies the island of Mactan, home of a fast-growing city that plays host to the international airport and a number of affordable and high-end resorts with fine sandy beaches and clean seas.

Lapu-Lapu City is named after the brave chieftain of Maktan, Datu Lapu-Lapu, who successfully repelled Spanish aggressors in the early 1500s.

It is a first-class highly urbanized city with several economic zone locators, including the Mactan Economic Zone (MEZ) I and II as well as the Cebu Light Industrial Park (CLIP).

Capitalizing on the economic strengths of Lapu-Lapu and its “historic resort city branding,” Primary Homes builds a master-planned residential community that brings families the best of quality and exclusive island living.

Astele
Astele is a vibrant community nestled in the coastal area of Mactan Island.

Vibrant community

Astele is among the newest property developments of top developer Primary Homes in Lapu-Lapu City.

It is a vibrant community nestled in the coastal area of the island, close to such vacation getaways as Maribago Bluewater Resort-Mactan, Cebu White Sands Resort and Spa, Crimson Resort and Spa Mactan, and Costabella Tropical Beach.

Located along Buyong Road in Barangay Maribago, the development makes use of natural lines and Asian contemporary elements that give it a tasteful and minimalist feel.

This is reflected in the clean facade of the six available house designs inspired by the Zen architecture of the Japanese.

Astele Aspen
The Aspen house model in Astele.

Astele amenities

Astele offers one-storey to two-storey single detached housing units in a variety of sizes. Houses come with two, three, or four bedrooms. Buyers take their pick from a cozy 56-square meter bungalow on a minimum 150-square meter lot to a 288-square meter two-level residence on a minimum 250-square meter lot.

In keeping with the company’s high construction standards, Astele units boast of steel-reinforced solid concrete walls, ceramic floor tiles for living, dining, and kitchen areas, wood grain resilient flooring on concrete floor for the second level, power-coated aluminum framed glass windows with insect screens, and stone chip coated roofing.

Astele Linden
The Linden model in Astele.

They also come with imported granite kitchen countertops, kitchen cabinets, shower enclosure for master’s bathroom, modular closets for bedrooms, bathroom fixtures, superior plumbing system, landscaped entrance, and a fire and burglar alarm system.

Astele is a gated community with an elegant entrance and selected landscaped areas, cemented sidewalks, and concrete roads, curbs and gutters. It will have a kid’s playground and a fitness gym.

It also envisions a clubhouse and pool surrounded by Zen gardens to provide its residents the ultimate in serenity and relaxation.

Are you interested in getting a unit or scheduling a site visit, call (032) 4125656 or (032) 2686974 (tap on numbers to call on your phone) or visit the Primary Homes website.

(This article is published under a brand partnership with Primary Homes.)

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Brand Partnership Properties

Camella set to launch new project La Brisa in Mactan Island

IN anticipation of a rise in demand for homes in Lapu Lapu City, Camella is set to launch its newest community development in Mactan Island – the La Brisa.

Spanning 24 hectares in within Barangay Suba-Basbas, Lapu-Lapu City, La Brisa is eyed to meet the demand for more quality yet affordable homes as Mactan Island braces itself for faster growth.

Several economic indicators are seen to boost the island’s economy. These include the entry of more foreign locators within the island’s export processing zones, the expansion of the Mactan Cebu International Airport and the building of the third bridge. The 7-kilometer bridge will connect Barangay Pilipog, Cordova and the South Road Properties in Cebu City.

Camella La Brisa in Mactan Island
POOL. Camella La Brisa in Mactan Island, Cebu will have a pool. (CONTRIBUTED FOTO)

3rd Mactan Bridge

Upon completion of the third Mactan Bridge in 2019, Camella La Brisa will be just 25 minutes away from Cebu City. Camella La Brisa will introduce a Spanish-inspired townhome series – the Nina and Olivia and an even bigger home series, the Fatima at 142 square meters and Gavina at 166 square meters.

Camella La Brisa is the company’s 8th project within Mactan Island, Cebu and the 27th project in Cebu Province. Camella will begin by developing seven hectares for the first phase of the project.

Camella’s other residential community projects in Cebu include The Riverscapes, a 70-hectare development atop Talamban, Cebu City. It has the Riverfront enclave, ideal for starting families, which offers the classic Camella series.

Camella also has the biggest community development in Talisay City, the 100-hectare Camella Azienda, where the Starmall Azienda is located. Further increasing its reach within the Province of Cebu, Camella Carcar also now stands to cater to residents in the south.

“Home for every Filipino”

One can be a part of a beautiful Camella community in Cebu and own starting at P9,000 monthly amortization. Camella’s long standing advocacy is “A Home for Every Filipino” and it is with this goal that the company’s projects are built with quality home packages made affordable.

Camella is the strongest brand of Vista Land & Lifescapes Inc. In over 38 years, it has built a selection of high-quality homes and themed communities and master planned “cities” across our islands that are always close to schools, business centers, transport hubs, and places of worship, entertainment, and culture.

For inquiries and reservations, you may call 234-6034 (tap on number to call on your phone) or visit their office on 116 Gorordo Avenue, Cebu City. Keep up with the latest Camella info, news, events and announcements through www.camella.com.ph. Like “Camella Official” on Facebook and follow “@CamellaOfficial” on Twitter.

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Brand Partnership Business Feature Properties

Eagles’ Nest offers convenient home in heart of Metro Cebu

With traffic worsening in Metro Cebu, it has become highly desirable to live close to the workplace and the children’s schools.

Eagles’ Nest, a project of premier property developer Primary Homes, Inc., provides owners with the convenience of a home located in the heart of the metropolis.

Primary Homes aims to “PLEASE” with its new residential condominium along H. Abella St., Barangay Canduman, Mandaue City, citing the Perfect Location, Enriching Amenities, and School Endorsement by Sacred Heart-Ateneo of Eagles’ Nest as alternative living arrangement for its students.

Eagle's Nest condominium
The Eagle’s Nest residential condominium in Canduman, Mandaue City provides a convenient residence in the heart of the metropolis.

A unit at Eagles’ Nest, which is just beside the Sacred Heart School-Ateneo de Cebu campus, allows owners to cut down on the time and cost of travel to their children’s school and the business centers in the cities of Mandaue, Cebu, Lapu-Lapu as well as Cebu’s international airport in Mactan.

Eagles’ Nest units

The residential condominium features two units: modular studio (22 square meters) and two-level loft (32 square meters). The units come with finished floors and walls, kitchen sink and countertop, and tiled toilet and bath complete with bathroom fixtures.

Studio Unit Eagle's Nest
A model studio unit of Eagle’s Nest by Primary Homes.

Owners get the added benefits of 24-hour security through a closed circuit television (CCTV) and top-of-the-line fire alarm and sprinkler systems.

At Eagles’ Nest, outages wouldn’t be so much of a problem as the residential condo will have 100 percent back-up power.

The condominium’s three elevators provide ease of access to the units, and the indoor parking makes it convenient for car owners. A warm welcome awaits visitors in the modern reception and lobby area.

In further support of condo residents and to add value to their investments, Primary Homes sets aside commercial spaces in Eagles’ Nest. These will be leased out to, among others, food establishments, a laundry shop, and a convenience store.

Investment events

To explain this development better to prospective investors, Primary Homes will host an exhibit at the upper ground floor entrance (between Pizza Hut and McDonald’s) of SM City Cebu from March 17-30, 2015. Its sales team will be at hand to answer any questions about the Eagle’s Nest residential condo.

Eagle's Nest loft unit
An artist’s perspective of the loft at Eagle’s Nest, a residential condominium development by Primary Homes.

From March 20-21, 2015, Primary Homes will put up a sales booth and give out flyers about the project during the elementary and high school graduation activities of the Sacred Heart School-Ateneo de Cebu. This will be at the school’s arena.

Watch out also for the Investment Opportunity Meeting scheduled this March 27. It will be from 5 p.m. onwards, with the venue to be announced later.

Primary Homes is a top developer of large-scale housing projects, condominiums, and other residential projects in Cebu.

Among its projects are the upscale subdivisions Argao Royal Palms in Argao, Astele in Lapu-Lapu City, and Pinecrest Residences in Cebu City as well as high-end condominiums Avalon and The Penthouses at Woodcrest Residences.

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Brand Partnership Business Properties

Argao Royal Palms provides easy access to Southern Cebu attractions

From white sand beaches and seas to waterfalls, caves, and mountains, southern Cebu hosts a varied mix of pristine natural marvels.

The southern town of Argao, in particular, serves as home to such unspoiled nature sites as Bugasok Falls, Balay sa Agta (House of the Ogre) cave, Mahayahay Beach as well as ancient churches, houses, and monuments built so well, they have been able to withstand the ravages in time.

The El Pueblo Hispano Antiguo de Argao, which translates to old Spanish town of Argao, or simply Cabecera de Argao (town center of Argao) is a blueprint for Spain’s settlement in the colonies and a well-preserved memorial to life in colonial times.

Argao Royal Palms
ARGAO ROYAL PALMS. Built alongside Argao’s aquamarine seas in Barangay Suba, the development features two-storey houses, bungalows, townhouses, and condominium units.

Within the cabecera is the Casa Real, oldest Spanish-period munisipyo (Municipal Hall) still in use today, and St. Michael the Archangel Church, which distinguishes itself from similar Spanish period structures in Cebu by the rich religious symbolism and high artistic quality of its masonry.

Resort-inspired community

Primary Homes Inc. makes it possible for you to easily enjoy these southern charms with its resort-inspired community Argao Royal Palms and Tropical Flats.

Built alongside Argao’s aquamarine seas in Barangay Suba, the development features two-storey houses, bungalows, townhouses, and condominium units.

Faith Gabrielle Ytang, a businesswoman and an Argao Royal Palms homeowner, loves her beachside home in Argao. “I am a beach lover and I love to travel. Argao Royal Palms is the perfect place for me to unwind and relax,” she added, citing the exceptional house designs and subdivision amenities.

Just at the back of the Argao Royal Palms subdivision is a sandbar that straddles the Argao River and the sea, making it a good spot for swimming or simply relaxing with the wide vista of the southern mountains and Bohol.

From the comforts of your own residence or weekend home in Argao Royal Palms or vacation condo unit at Tropical Flats, it is also a short trip to many natural and heritage attractions in Argao and the rest of southern Cebu.

Argao Royal Palms Aspen
ASPEN. This unit features 3 bedrooms, 2 toilet & baths, 1 powder room, and 1 maid’s quarters with 1 toilet & bath.

Southern Cebu attractions

From Argao, it is an easy journey to so many other waterfalls in Southern Cebu, including Oslob’s Tumalog Falls, Barili’s Mantayupan Falls, Badian’s Kawasan Falls, and Samboan’s Aguinid Falls. The long stretch of white sand beaches of Tingko in Alcoy, Lambug in Badian, and Basdaku in Moalboal are less than an hour away.

For some years now, whale sharks have flocked to the neighboring town of Oslob. This has made whale shark watching or swimming with the whale sharks (for the daring) quite such a sought after attraction that visitors line up at wee hours in the morning to be accommodated in the activity.

Argao Tropical Flats
Argao Tropical Flats

A house in Argao Royal Palms allows you unparalleled access to Oslob’s whale sharks and much more besides: skimboarding at Mahayahay, scaling Cebu’s highest Osmeña Peak, spelunking at Balay sa Agta, river cruising in Aloguinsan, snorkelling or scuba diving in Moalboal.

If you envision a home that allows you to take a break from the city’s hectic lifestyle, you have it at Argao Royal Palms. Primary Homes allows you to choose from five houses or a condo unit with contemporary Asian design themes on a 2.2-hectare property.

Located within Argao Royal Palms, the Tropical Flats is a three-floor walk-up condominium by the beachfront for those who prefer a cozy unit.

With its oceanfront clubhouse, infinity pool, fitness gym, aqua golf range, jogging trail, sauna and jacuzzi, Argao Royal Palms is by itself a complete destination.

Argao Royal Palms map

Are you interested in getting a unit or scheduling a site visit, call (032) 254-7188 (tap on number to call) or visit its website: www.argaoroyalpalms.com.

(This article is published under a brand partnership with Primary Homes.)

Categories
Business Properties

Filinvest beefs up mall portfolio, to launch Il Corso at SRP this year

The Filinvest Group of the Gotianun family from Cebu will beef up its mall portfolio this year. Festival Supermalls Inc., the wholly owned subsidiary of Filinvest Land Inc., said it will bolster its presence nationwide with the launch of new malls in Cebu and Laguna and the expansion of its flagship mall, Festival Supermall in Alabang, Muntinlupa.

Festival Supermall’s expansion and the opening of the Il Corso at SRP in Cebu City and Brentville’s Village Front in Laguna will increase the gross leasable area of Filinvest by nearly 60 percent to 219,195 square meters from 134, 090 square meters.

With Lantaw at SRP already operating at Il Corso, the mall within the 50.4-hectare business and residential community City di Mare (City by the Sea) of Filinvest opened recently its second restaurant, the Parilya (Lechon • Seafood • Grill) operated by the Laguna Café Group.

Il Corso at SRP Cebu
IL CORSO. An artist’s perspective of the Il Corso at SRP in Cebu City.

Central Piazza

“The Central Piazza where the main entrance and amphitheater are located has started to welcome guests,” said Filinvest Land senior vice president for commercial center and retail management Joy Polloso.

Il Corso will have 11 connected buildings and a gross floor area of 55,000 square meters and a gross leasable area of 36,000 square meters upon completion, she disclosed.

The first tranche of the Il Corso development will be a central area with two buildings which will showcase Cebuano-artisan food concepts, she added.

“We would like to attract not just the locals but also the tourists that abound in Cebu and the region. We envision Il Corso to be Cebu’s newest, unique, refreshing dining, shopping and recreational destination,” Polloso said.

Il Corso is Filinvest’s flagship mall project in Cebu.

Among largest in Asia

Also, with a gross floor area of 328,756 square meters upon completion of its expansion area, Festival Supermall is seen to be in the top 25 largest malls in Asia and one of the top five in the Philippines.

“Festival Supermall remains the premier regional shopping mall in Southern Metro Manila,” Polloso said.

Meanwhile, Filinvest announced it also has two more malls in the pipeline for 2016.

Fora, a mixed-used development of Filinvest in Tagaytay City, will have 32,000 square meters of retail and mall space.

The Center Square Community Mall in Molino, Cavite is also scheduled to be launched next year, adding 20,000 square meters in new retail space for Filinvest.

Other than Il Corso at SRP, the Gotianun-owned real estate firm has been committed to the growth of Cebu with various projects, including Amalfi Oasis and Sanremo Oasis also at SRP, and One Oasis Cebu in Mabolo, three separate exclusive, resort-style, mid-rise condo community.

Developing high-value properties in Cebu since 1997, Filinvest is also expanding Seascapes and Aldea del Sol in Mactan, and Escala at Corona del Mar in Talisay City. It has also completed the first of four buildings at Filinvest Cyberzone Cebu in Apas-Lahug beside Cebu IT Park.

Categories
Business Properties

Leuterio Realty, Rent.ph sign partnership with Lamudi

Starting next week, property inventories of Leuterio Realty and Brokerage and Rent.ph will also be found on top Philippine real estate list site Lamudi.

Anthony O. Leuterio, chief executive officer of Leuterio Realty and Brokerage, signed an agreement Tuesday, February 17, 2015, for cross branding promotion with Lamudi Philippines represented by Jacqueline van den Ende, its founder and managing director.

The partnership, which Leuterio described as on its experimental stage, will involve Leuterio and Rent.ph adding more properties on Lamudi and the companies collaborating in marketing and promotional activities.

Lamudi currently has over 90,000 listings of properties, either for sale or lease, and gets over 700,000 visitors per month, making it the top real estate list site in the Philippines, said van den Ende.

Lamudi-Leuterio partnership
COMPLEMENTARY PARTNERSHIP. That’s how Lamudi Philippines founder and managing director Jacqueline van den Ende (left) described her company’s partnership with Leuterio Realty and Brokerage and Rent.ph, founded by Anthony O. Leuterio (right).

Leuterio-Lamudi partnership

She added that under their agreement, Leuterio will add about 10,000 to 15,000 more.

“We have a complementary partnership. Lamudi will generate leads for Leuterio, which will turn them into sales. Lamudi has a strong position in Manila while Leuterio is well known in Cebu and Davao, where everybody knows Leuterio and Rent.ph,” van den Ende said, adding Lamudi wants to be more visible in the Visayas and Mindanao.

Their long-term goal, said van den Ende, is to have the highest number of unique real estate listings in the country, citing she wants to have every property for rent or sale in Lamudi.

Leuterio Realty, at leuteriorealty.com, and Rent.ph have total listings of 23,000, according to Leuterio, saying they will be adding properties by batches to the Lamudi listings.

Lamudi-Leuterio partnership
NETWORK. Lamudi will generate leads for Leuterio agents to turn into sales, Jacqueline van den Ende, its founder and managing director.

Increase property sales

Since a lot of people interested in buying or renting a house search in Lamudi, Leuterio said getting their property inventories on the site would translate to sales.

“In the last few months alone, Lamudi noticed a 50 percent increase in the number of searches on its site. In our deal, Lamudi will point potential buyers to Leuterio-managed properties but we will be the ones to close the sale,” he explained.

Lamudi charges a certain fee for property brokers or sellers but not for Leuterio and Rent.ph since the partnership involves the companies helping each other out and bringing each other’s brand in marketing activities and other events.

The real estate list site was put up in January 2014 as one of online businesses founded by Rocket Internet together with Lazada and Zalora. Rocket Internet recently received a 33 million euro investment from PLDT. Van den Ende said the Lamudi app will be pre-installed in Android and iPhone units issued by wireless services leader Smart Communications, Inc., a wholly owned subsidiary of PLDT.

Categories
Business Properties

Astana Subdivision in Lapu-Lapu City offers ‘quality economic houses’

Even with the big players getting into the mix, Johndorf Ventures Corp. believes its newest residential project Astana Subdivision shows the company continues to have an edge in the economic housing segment.

The Johndorf Communities in Barangays Babag II and Kalawisan in Lapu-Lapu City covers about 20 hectares and will comprise four residential developments when completed, said sales and marketing manager Michele Chiu-Bacungan. It’s the company’s first township in the Visayas and Mindanao.

She added that Hanniyah Homes, the first housing project, is sold out while about a hundred of the total 413 units in Astana, the second development, are still available.

Johndorf Astana Lapu-Lapu City
ASTANA SUBDIVISION. A scale model of the Astana Subdivision, which is part of the Johndorf Communities in Barangays Babag II and Kalawisan in Lapu-Lapu City.

According to her, the high-grade materials and exacting construction method ensure that buyers are getting quality houses.

“Ours is not the typical pre-cast construction. We invested in our own formworks for a cast in place system. This makes the house faster to build, stronger, and more durable,” Chiu-Bacungan explained.

Astana Subdivision

An Astana townhouse has floor area of 52 square meters and lot area of 72 square meters. Its current contract price is P1.35 million. Buyers pay off the 20 percent downpayment in equal installments for 36 months without interest.

The big space shortly before the subdivision’s entrance gate will be developed for commercial purposes, said Lucille D. Parcon, Johndorf finance and admin manager for the Visayas and Mindanao.

Johndorf Astana Lapu-Lapu City
ASTANA MODEL UNITS. Johndorf uses a cast in place system that “makes the house faster to build, stronger, and more durable,” a company official said.

She added that Johndorf will be leasing out the commercial spaces to establishments that can province a service to residents and add value to the community. These can include laundry shops or convenience stores.

In Astana and their other housing projects, Chiu-Bacungan said they build the units ahead and do not base the construction on sales take-up. This allows them to be more flexible when it comes to allowing buyers to move in even if they haven’t completed paying off the three-year downpayment.

Chiu-Bacungan estimates the Astana development to be completed by 2016. She said they’re set to launch Navona, the third subdivision component of the Johndorf Communities in Kalawisan, soon.

Johndorf Astana Lapu-Lapu City
LIVING ROOM. The living room in one of the model units of Astana Subdivision in Lapu-Lapu City.

Johndorf property plans

Since it is where its strength lies, Johndorf will continue to focus on developing economic housing projects. Chiu-Bacungan said they also look at studies showing the backlog in housing units for the low-income to middle-income class.

Parcon, meanwhile, said the company is very aggressive in acquiring lands within Cebu, and it has a total of 25 hectares in Mactan alone.

Besides Mactan, Chiu-Bacungan said Johndorf plans to develop housing projects in Carcar and Consolacion. It is set to launch the Carcar project by the fourth quarter of 2015.

In 2012, when the company started standardizing its system, it also started initiating market studies. Chiu-Bacungan said the studies allow them harmonize development plans with the needs of the housing sector.

Johndorf Ventures, according to her, is very strong with the housing fund Pag-ibig. In terms of housing loan take-out, Johndorf is second top developer in the Visayas.

Johndorf Astana Lapu-Lapu City
BARE UNIT. An Astana townhouse has floor area of 52 square meters and lot area of 72 square meters. Its current contract price is P1.35 million.
Categories
Business Properties

With Filinvest condotel investment, ‘money works for you,’ Grand Cenia owners say

FIRST-time property investor Alfredo Uy has proven that his money can work for him instead of him working for the money. He invested in the condotel project of Filinvest Land Inc. in Cebu, the Grand Cenia. Combined through an asset pool, the Grand Cenia condotels are used as rooms of affiliate Quest Hotel and Conference Center Cebu.

The hotel distributes rental income to each qualified condotel unit owner quarterly. Uy just got his share for the last quarter of 2014 and it increased by 40 percent compared to the same quarter in 2013, the company said.

“I feel proud that I am part owner of the successful condotel of Filinvest here in Cebu. Every quarter I earn an added income that can offset ownership expenses,” Uy said.

Grand Cenia rental share
RENTAL SHARE. Couple Zenaida and Rodolfo Ramos (center) receive their share of the rental income for the use of condotel units by Quest Hotel & Conference Center Cebu at Grand Cenia from (from left) Prosper president Tristan Las Marias, Quest front office manager Regina Moga, tenant relations assistant Marilou Iway and engineer Allan G. Alfon, Filinvest general manager. (Contributed photo)

Average rental income

Grand Cenia condotel owners have so far earned from an average of 35 to 40 percent year-on-year rental income that Filinvest distributes through Prosperity Specialists Resources, Inc. (Prosper), its condotel management company.

This is about P20,000 to P55,000 in additional income for the condotel owners, according to Prosper president Tristan Las Marias. It was an average P49,000 last quarter, he added.

Overall, Grand Cenia earnings in 2014 increased by 14.1 percent compared to the previous year, he disclosed.

“Grand Cenia condotel unit owners benefit from Cebu’s bullish hotel business, generating a steady flow of recurring income with a possible upside on the real estate’s value appreciation,” he noted.

Better passive income

A restaurant owner, Uy said the passive income he earns is so much better than investing in just a residential unit for lease because he gets professional help keeping the place clean and intact.

“I avoid the hassle and headache of maintaining the unit myself if it is just a condo,” he pointed out.

Uy also said he is excited to avail himself of his free condotel use allocated on a yearly basis. “It is high time I reward myself and enjoy the amenities of the hotel,” he added.

Another Grand Cenia condotel owner is Ms Loida Yu, a bag designer-entrepreneur, who is also satisfied with her property investments with Filinvest’s Cebu condotel, having also received her ninth share of the rental income since the last quarter of 2012.

“Hopefully the rental income gets better over the years. But so far I am satisfied that I am earning from this investment,” she said.

Quest Hotel at Grand Cenia
QUEST HOTEL and Conference Center Cebu forms part of the 25-storey Grand Cenia at Archbishop Reyes ave. across Cebu Business Park. (Contributed photo)

High occupancy

Yu also wants to share how the hotel can improve the hotel shop and draw more condotel guests.

James Montenegro, area general manager for Quest Hotel and Crimson Mactan Resorts, attributed the significant increase in the rental income share for each qualified condotel unit owner to the high average occupancy performance of the hotel for the last quarter.

“Ät 81 percent is the best so far since the hotel started operations,” he disclosed.

“The hotel’s ability to attract more and more returning guests and longer-staying corporate clients during the period led to the increase in rental income share of qualified condotel owners,” Montenegro said.

“We also have to credit our sales team for their tireless efforts to aggressively market the property both locally and abroad,” he added, as he also noted that the previous quarter was a holiday season.

Grand Cenia

A member of the international chain hotels by Aston International, Quest Hotel forms part of the 25-storey Grand Cenia at Archbishop Reyes ave. across Cebu Business Park.

Some 119 residential condominium units are located at the 19th to 25th floors, while 432 condotel units are used by Quest Hotel in the 8th to 18th floors.

Other than Grand Cenia, Filinvest is constructing the 50.4-hectare business and residential community City di Mare (City by the Sea) at South Road Properties.

The Gotianun-owned real estate firm also a has 3-hectare One Oasis Cebu, which is an exclusive, resort-style, mid-rise condo community in Mabolo district, just five minutes away from the Cebu Business Park and Asiatown It Park.

Developing high-value properties in Cebu since 1997, Filinvest is also expanding Seascapes and Aldea del Sol in Mactan, and Escala at Corona del Mar in Talisay City.

Categories
Business Properties

Pueblo de Oro builds 30-hectare community in Lapu-Lapu City

Whether you’re getting a starter house or a more permanent home, the Pueblo de Oro Cebu Communities in Lapu-Lapu City provides a wide range of products that caters to the different needs of Cebuano families.

Pueblo de Oro Cebu is building a 30-hectare masterplanned residential community in Barangay Babag II that is divided into three housing developments, said its marketing manager Edrin T. Castor.

The first of its residential development is La Aldea del Mar, which offers affordable townhouses for young families.

Park Place Pueblo de Oro Lapu-Lapu City
PARK PLACE. The expanded model house of Park Place, a development by Pueblo de Oro Cebu Communities in Babag II, Lapu-Lapu City.

La Aldea del Mar

Caster said a La Aldea del Mar two-storey townhouse has gross floor area of 44.5 square meters for both inner and outer units. The minimum lot area for inner units is 40 square meters and 60 square meters for outer units.

The selling price for La Aldea del Mar inner house and lot is P1.047 million while the cost of outer units can range from P1.37 million to P1.54 million depending on the size of the lot.

Pueblo de Oro offers easy downpayment terms for La Aldea, which range from P4,805 to P7,126.25 monthly for 36 months. There are over 2,000 house and lot units at La Aldea del Mar.

Pueblo de Oro Park Place
DEVELOPMENT. Pueblo de Oro will build only 478 housing units under the Park Place community.

Park Place

Another housing development within the Pueblo de Oro Cebu Communities is Park Place. This residential development is a lot smaller than La Aldea since it only has 478 housing units. The houses are built in pairs or as duplex homes.

Each Park Place unit has gross floor area of 64.5 square meters and minimum lot area of 80 square meters and costs P1.91 million. Pueblo de Oro sells only bare units. This means that homeowners will be the ones to do the finishing works, such as painting, tiling, and putting in partitions.

Park Place downpayment terms can be as long as 36 months at P8,568.58 per month. Pueblo de Oro also offers in-house, bank, and Pag-ibig financing for La Aldea and Park Place housing units.

Pueblo de Oro La Aldea del Mar, Park Place, and The Horizons
3 COMMUNITIES. The Pueblo de Oro Cebu Communities in Lapu-Lapu City are La Aldea del Mar, Park Place, and The Horizons Residences. Each community is separate from each other, with its own gate and amenities.

The Horizons Residences

An upcoming residential development within the 30-hectare Pueblo de Oro Cebu community is The Horizons Residences. Housing units here will be single detached and have bigger floor and lot areas than La Aldea and Park Place, explained Caster.

Pueblo de Oro is located in Babag II, shortly before the Pilipog Bridge that connects the main island of Mactan to the town of Cordova.

The access road that leads to the Pueblo de Oro Cebu community from the main Mactan Circumferential Road is narrow and covered with gravel, but Caster said the property developer is collaborating with the Lapu-Lapu City Government to have this widened and asphalted.

Pueblo de Oro Park Place kiosk
ROTUNDA. The kiosk at the rotunda near Park Place.

More pictures of the development

Categories
Business Properties

Filinvest sets aggressive expansion in 2015

FILINVEST Land Inc., the real estate arm of the Gotianun family from Cebu, is preparing a more aggressive expansion of its residential offerings this year as it seeks to further cement its mark in the affordable and middle-income housing market segments.

With an estimated land bank of over 2,400 hectares, FLI president and chief executive officer Josephine Gotianun-Yap said the company has planned further expansions in Mactan Island and in the cities of Cebu, Dumaguete and Iloilo.

FLI will also ramp up residential offerings in northern Luzon and through project launches in Taguig, Pasig, Valenzuela, Paranaque, Cavite, Binondo and Manila.

Josephine Gotianun-Yap
IMMEDIATE NEEDS. FLI president and chief executive officer Josephine Gotianun-Yap says, “by focusing on medium rise buildings and traditional housing, Filinvest continues to develop projects with construction cycles of less than a year to meet the immediate needs of our end user market.” (CONTRIBUTED FOTO)

Enough land for 10 years

“FLI has one of the largest landbanks among the listed property companies. We have enough land to sustain projects for over 10 years,” Gotianun-Yap said.

She said the Filinvest Group’s housing portfolio is still the “bread and butter” of the company, even with its diversification into other real estate businesses such as hotel developments and investments in power generation, financial service, sugar farming and milling.

She said 70 percent of FLI’s income is still derived from development projects while 30 percent comes from rental or recurring income projects.

In Cebu, the company continues to develop and market properties in urban mid-rise buildings at Amalfi Oasis and Sanremo Oasis at SRP and One Oasis in Kasambagan, residential options at Escala in Corona del Mar in Talisay City, as well as Aldea de Sol and Seascapes in Mactan.

Housing backlog

“Filinvest is one of the country’s top and largest nationwide developers in the affordable and middle-income market segments. We have a sustained focus on our core affordable market in 2015,”” Gotianun Yap said.

“The nationwide housing backlog would still drive the housing demand for our middle income and affordable brands,” she added.

FLI said it would continue to address these markets through the continued roll-out of its Futura brand of affordable homes and the Oasis and Spatial medium rise buildings in urban centers.

“By focusing on medium rise buildings and traditional housing, Filinvest continues to develop projects with construction cycles of less than a year to meet the immediate needs of our end user market,” Gotianun-Yap said.

“We are particularly proud of our Oasis and Spatial products which provide family units in urban centers in the affordable P2 to P3 million range. With over 60 percent of the land allocated for green spaces, amenities and open areas, we keep our medium rise building projects low density to ensure you have a sustainable and happy environment to raise your family,” she added.

FLI has presence in over 40 key areas nationwide following launches of more housing and medium rise building projects outside Metro Manila and in more regional centers in recent years.

Categories
Properties

People’s Coop builds townhouses in Lapu-Lapu, focuses on real estate this year

In line with its real estate development thrust in 2015, the Cebu People’s Multi-Purpose Cooperative (CPMPC) is focusing its efforts on the Blessed Sacrament Subdivision in Lapu-Lapu City and other property projects in Cebu.

CPMPC is building townhouses in Basak Kagudoy, Lapu-Lapu City priced at a relatively affordable P1.598 million per unit, said Richard Azares of the coop’s project management office.

The two-storey, two-bedroom house has a floor area of 51 square meters and lot area of 40 square meters.

Units at Blessed Sacrament Subdivision come with a single bathroom but homeowners have the option of adding one more, he added, citing that solar panels are another property add-on.

Blessed Sacrament Subdivision Model
SCALE MODEL of units at the Blessed Sacrament Subdivision in Basak Kagudoy, Lapu-Lapu City.

Solar panels

The solar panels, according to him, are capable of generating power of up to a maximum of one kilowatt.

Since the house comes with very basic power generation equipment, owners can opt to add solar panels or even invest in a battery so they can use the electricity at night, Azares pointed out.

“We are currently negotiating an agreement with MECO (Mactan Electric Co.) for a net metering system,” he stressed, explaining this is when the excess power generated by the solar panels goes to the MECO grid and gets deducted from the homeowner’s electric bill.

The whole Blessed Sacrament Subdivision measures 1.57 hectares and will be composed of 158 townhouses and 51 rowhouses as its socialized housing component. All the rowhouses and 20 percent of the townhouses had been sold off, according to Azares.

Blessed Sacrament Subdivision
SCALE MODEL of units at the Blessed Sacrament Subdivision in Basak Kagudoy, Lapu-Lapu City.
Blessed Sacrament Subdivision
Another view of the scale model.

Economic housing

“The Blessed Sacrament Subdivision has the components of a very good project in terms of location and pricing, which is very competitive,” he said, noting that it is just a few minutes away from Mactan Doctors’ Hospital and the Mactan-Mandaue Bridge.

Another advantage the subdivision has over similar economic housing developments is the easy payment terms offered through in-house financing. The CPMPC only asks for 10 percent downpayment spread out up to a maximum of 36 months, Azares cited, adding buyers may also avail of a unit through bank or Pag-ibig financing.

Blessed Sacrament Subdivision
UNDER CONSTRUCTION. The model unit being built at the Blessed Sacrament Subdivision.

He credits CPMPC chief executive officer (CEO) Macario G. Quevedo as the force behind the coop’s foray into real estate development.

“This is really his (Quevedo’s) vision,” Azares said.

The coop has started planning a 3-hectare socialized housing project in the Cebu town of Dumanjug, where the intended buyers are mostly schoolteachers. Other projects in the pipeline for CPMPC include a mid-end subdivision development in Basak Sudtunggan, Lapu-Lapu City and a memorial park in Minglanilla, Cebu.

Blessed Sacrament Subdivision
LOCATION. The Blessed Sacrament Subdivision is located in Basak Kagudoy, near the Indiana Aerospace University campus.
Blessed Sacrament Subdivision
ANOTHER view of the model unit being built.
Blessed Sacrament Subdivision
ON THE RISE. At the far end of this photo are Blessed Sacrament Subdivision houses under construction.
Categories
Properties

Cebu’s tallest building Horizons 101 marks milestone

Cebu’s new tallest building, a residential development along Gen. Maxilom Avenue in Cebu City called Horizons 101, is closer to being completed.

Taft Properties, the developer of what is now the tallest Cebu condominium, celebrated a construction milestone when it held a topping off ceremony for the first tower of the two-building development last January 13, 2015.

In construction language, topping off means the placing of the final beam on a building project.

“This day is an important milestone for Horizons 101 and Taft, as we mark the realization of Taft’s commitment to deliver the tallest tower in Cebu City,” Taft Properties project development head Lydwena Eco said.

Horizons 101 towers

Horizons 101 is a masterplanned development composed of two residential buildings that will rest on a common and connected podium. Located at the ground level, the podium will feature dining, retail, and other commercial establishments that serve to answer the needs of residents, add to the value of the development, and complete the surrounding community.

The first tower, which costs P1.9 billion to build, is scheduled for turnover to the buyers by September 2015.

TALLEST IN CEBU. Horizons 101 is a masterplanned development composed of two residential buildings. The first tower (above) costs P1.9 billion to build and is scheduled for turnover to buyers by September 2015.
TALLEST IN CEBU. Horizons 101 is a masterplanned development composed of two residential buildings. The first tower (above) costs P1.9 billion to build and is scheduled for turnover to buyers by September 2015.

There are only a few remaining units at the first tower as around 99 percent had been sold off. About 75 percent of condominium units in the 46-storey second tower, set for completion and turnover by the third quarter of 2017, had been sold as well.

“Horizons 101 is an ideal development – from planning to execution – in an ideal location. It has been meticulously planned. Its sales take-up show that the team has done a good job,” said Taft Properties president and chief operating officer Christopher G. Narciso.

Cebu movers, shakers

Those who bought condo units are mostly locals, and Narciso describes them as the next generation of Cebu’s movers and shakers.

They are in their 30’s and 40’s and include business owners and corporate professionals belonging to middle and upper management.

When they started the Horizons 101 development, the cost per square meter of a condo unit was at P75,000. Now, it’s P106,000 per square meter. This shows an appreciation of P30,000 of the unit’s value in just three years.

“Those who invested early are now reaping the benefits,” he pointed out. A parking slot at Horizons 101 currently costs P750,000.