Quantcast
Latest Stories

Two projects to add 1,600 residential units in Cebu


AT least 1,600 units of residential properties are set to be developed by two local developers in Cebu within the next five years.

Gaisano Grand Group developer arm Grand Land Inc. and Apple One Properties, which is a homegrown company managed by a group of Cebu-based construction companies with sister companies Diamond Suites and Apple Tree Suites Cebu.

Apple One

In an interview last week, Apple One Properties executive vice president Yvet Andalis said the company will invest P2 billion for a 2.8 hectare property in Banawa, Cebu City.

“The property will have three components – the condominium towers, mansionets and the villas – with a total of 1,311 units in the whole community,” said Andalis.

The property is set to be completed within five years and is expected to start contruction by January next year.

Grand Land

Only two months after launching their flagship resort-themed project Grand Residences in Mabolo, Cebu City, Grand Land Inc. will put it P400 million for three new projects under their City Homes brand in Mactan, Minglanilla and Mandaue City.

In a press conference yesterday held at their office in Banilad, Grand Land Inc. president Ryan Bernard Go said that they are looking at the middle income market segment for these projects which are located at strategic areas near hospitals, schools and malls.

“We will have 105 townhouse units in Mactan, 72 townhouse units in Mandaue City and 112 single detached units in Minglanilla,” said Go.

Optimistic

Both developers expressed optimistic in the Cebu market specifically the middle income market segment which is fast expanding.

“We see this market continuing to grow and we want to give them more options in terms of products,” said Andalis.

This momentum is not only felt by local developers as Megaworld Corporation, a major developer from Manila, is also seeing good uptake of their residential condominium units in their Mactan Newtown Center project.

In an interview Monday night, Megaworld Corp. first vice president for sales and marketing Noli D. Hernandez said they have already sold 70 percent of their first of four tower in One Pacific Residences that is set to produce a total of 540 units.

Hernandez said that the buyers were from both foreign and local investors who wants to own a property in Cebu./Reporter Aileen Garcia-Yap


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Cebu , real estate




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  2. Opinions split on Napoles turning state witness
  3. Delfin Lee: Blame Pag-Ibig, not me
  4. Plunder complaint filed vs PNP chief, firearms office head over license delivery deal
  5. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  6. San Juan cops fail to arrest Cedric Lee
  7. More ‘Yolanda’ bodies found
  8. Gigi Reyes pins blame on aide
  9. Lawyer: Napoles ‘will tell all’
  10. Boy ‘sexually assaulted’ at Indonesia international school
  1. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  2. Gigi Reyes pins blame on aide
  3. Estrada: Gigi Reyes won’t testify vs JPE
  4. Bernice Lee arrested by NBI team
  5. Enrile chief aide back in PH ‘to face charges’
  6. ‘No real progress in PH if dynasties not dismantled’
  7. Suspect in Vhong Navarro’s mauling wants to turn state witness – De Lima
  8. Reckless driver endangered lives of Aquino, entourage–report
  9. More legal woes for Cedric Lee
  10. Henares on Pacquiao bashing: I did not start this
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Rookie, lady cops lauded for quick response to MOA heist
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. Cudia, dismissed for lying, got 99% in conduct
  8. Kim Henares needs a reprimand, says Cayetano
  9. Hammer-wielding robbers cause chaos at Philippines’ Mall of Asia
  10. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
Advertisement

News

  • Whistle-blowers now alarmed
  • Palace prepared to charge its allies
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • PNP chief on plunder raps: ‘Amateurish’
  • Makati readies 12-month traffic plan for Skyway 3
  • Sports

  • Mixers trim Aces, force do-or-die tiff
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • Entering the monkhood a rite of passage
  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • PH banks not ready for Asean integration
  • Stocks down on profit-taking
  • Banks allowed to use ‘cloud’
  • SMIC to issue P15-B bonds
  • Honda upgrades PH plant
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • 19 Ukrainians, Russians, Filipinas rescued in bar raid
  • Filipinos coming home from Mideast must obtain MERS clearance – DOH
  • US Secret Service in Manila ahead of Obama visit
  • Palace thanks Estrada for successful HK mission
  • Hong Kong accepts PH apology; sanctions also lifted
  • Marketplace
    Advertisement