Lack of transparency in some government agencies and the practice of informal payments to move business transactions forward pose the biggest threats to Cebu’s competitiveness.
A good number of Cebu enterprises that were the respondents of a survey conducted by Isla Lipana & Co. in collaboration with the Cebu Chamber of Commerce and Industry (CCCI) admitted they were asked for gifts and tokens in the course of their dealings with government officials and agencies.
At least 20 percent of those surveyed said they made informal payments within the last 12 months, according to CCCI Trustee Aldie Garcia who revealed the survey results in a press conference shortly before the CCCI General Membership Meeting yesterday, October 29, 2019.
With its wide roads, tropics-inspired amenities, and spacious homes, Luana Dos aims to create a community where families can live idyllic lives.
This is exactly why the fifth and newest residential project of Primehomes Development Corp. is named after the Hawaiian word for “hayahay”, said Harold Vince See, the company’s business development manager.
He added that while Luana Dos will only have 55 homes, it will still have such amenities as a gazebo, basketball court, and swimming pool.
Luana Dos unveiling
Primehomes unveiled Luana Dos, located in the town of Minglanilla, at dinner or luau in Golden Prince Hotel and Suites last Saturday, January 26, 2019, where it also announced it held a blessing for the model units of the development earlier in the day.
Luana Dos spans an area of about 10,000 square meters and will be primarily composed of single attached and single detached units. The first development in the Luana series had 110 units and was sold out in a year.
“We want to be top of mind choice for medium to high income subdivision with our Luana series. All Luana developments will have a swimming pool, basketball court, lush greenery, community area, 24-hour security personnel, and property management team. We want our residents, the residents of Luana Dos, to have a place to relax, chill out, mingle with their neighbors as well as have peace of mind,” said Primehomes President and CEO Benny Que.
Upper middle class
He estimated the project cost of Luana Dos, which is being targeted for the upper middle class bracket, to be around P200 million. The price of subdivision units ranges from P3.8 to P7.4 million. The smallest house will be 88 square meters while the biggest unit will reach 156 square meters.
According to Que, Primehomes was formed in 2008 with a mission to deliver quality, safe, and efficient homes.
Its first project was a 306-unit economic housing development named Henaville in Compostela. Henaville was the first residential community of its kind where homes came with a carport, a consequence of the company’s objective to be always on the lookout for innovative ideas.