Jose Marko Garcia Sarmiento
REAL ESTATE DEVELOPER JEG DEVELOPMENT CORPORATION
For years, heavyweight property developers have ruled by default with billion- peso budgets. Instead of shying away from the high- risk real estate business, Jose Marko Garcia Sarmiento saw the boom in the past 10 years as perfect timing. “Following what the large developers are doing may not always be what’s best for us. Every developer is built differently with different sets of goals and objectives.”
A member of the Urban Land Institute ( ULI), established in 1936 in Illinois, with nearly 30,000 members worldwide, Sarmiento brings to the fold ULI’s commitments, to name a few: Exploring issues of urbanization, conservation, sustainable development; advancing land use policies and design practices that respect the uniqueness of both built and natural environments.
“Our city is cramped, with traffic getting worse. All these projects are great for the city and for the economy, but overdevelopment will be harder for us to overcome in the future. In 10 years, I hope a new master plan for Cebu is made and implemented, one that supports the real estate boom without forgetting the capabilities of our city.”
As JEG Development Corporation establishes itself as a premier niche developer, Sarmiento is banking on an unquantifiable formula: his patience. “Being patient and picking what projects to embark on is key for us.”