Homegrown real estate developer Priland Development Corporation brings the resort concept to home and office with the launch of Vertex Coast in Punta Engaño.
The two-tower residential development will rise alongside Cebu’s most premier beach resorts and prime real estate in Mactan.
With a combined 738 units for residential and small office-home office (SOHO) use, Vertex Coast incorporates the 360 living concept that capitalizes on the spectacular views of the Mactan Channel, said Priland Sales Manager Irvin Paul Pastoriza.
Priland President Ramon Carlo Yap said they plan to break ground for the project by first quarter of 2021 and complete it three years after or in 2024.
Home office units
The mid-range development will offer customizable studio, one-bedroom, two-bedroom, and penthouse units, making them the ideal investment for home, retirement, or source of rental income.
According to Pastoriza, three floors or 54 units in each tower will be set aside for small office-home office or SOHO use. SOHO units measure around 26 square meters for studio and 50 square meters for one-bedroom.
VERTEX COAST PRESS CONFERENCE. Priland President Ramon Carlo Yap (center) talks to reporters about Vertex Coast in Punta Engaño in Mactan. With him are Priland Sales Manager Irvin Paul Pastoriza (left) and Priland Chief Operating Officer Marcelino Relampagos.
Yap added that the company decided to set aside a considerable number of SOHO units in its Punta Engaño development after observing a growing demand for office space, especially among small businesses.
Another Priland development, Paseo Grove Mactan, has been modified to incorporate two towers solely made up of spaces that can double as small offices.
Purely residential units in Vertex Coast measure around 24-26 square meters for studio, 39-45 square meters for one-bedroom, and 53-67 for two-bedroom. Unit cost ranges from P3.1 to P15 million.
Encompassing a total area of 2,700 square meters, Priland’s mid-range development will feature exceptional amenities, according to company executives.
An amenity deck with a spacious lobby will allow residents to move between two towers with ease. Shared amenities include an infinity pool, kiddie pool, garden deck, gym, and game room. There will be multi-purpose rooms in both towers for functions.
Vertex Coast will also have commercial spaces open to establishments that will provide modern conveniences to homeowners.
The Vertex Coast launch follows another successful Priland development administered under a similar group, Vertex Central in Cebu City. Pastoriza said Vertex Central is already 80 percent sold, with only the bigger and penthouse units still available.
In line with its goal to support a modern lifestyle, the company brings the Priland Advantage to every development.
Provisions for air-conditioning unit, telephone line, cable line, induction stove, and range hood are standard in all Priland Residences project, including Vertex Coast.
Located in Mactan’s prestigious barangay of Punta Engaño, the Vertex Coast neighborhood includes such top resorts as Mövenpick Hotel, Seagrove, Shangri-La’s Mactan Resort & Spa, Mactan Newtown, Emerald Bay, Sheraton, Dusit Thani Mactan Cebu Resort, Arterra Discovery Bay, The Reef, and Crimson Resort & Spa Mactan.
Part of a well-established and diversified group of companies that has excelled for over 20 years, Priland Development Corporation channels decades of business expertise into providing families and investors with quality real estate properties.