Kisan Lu to invest P3 billion for 2 more devt projects here
HOMEGROWN developer Kisan Lu Lands, Inc. (KLLI) is investing at least P3 billion for two more housing development projects in Davao City as it remained bullish on the continuous growth of the housing sector in this part of the country.
At present, the company has four on-going projects scattered in the southern part of the city -- the Amiya, Twin Palms, Villa Conchita and Bambu Estate.
Kristin Lu, KLLI president and chief executive officer, said the company is set to break grounds for the two new projects -the Plantacion and Greenwoods -- before the year ends.
“In fact, we are set to launch these projects as soon as we acquired all the necessary permits. We are now processing all these requirements,” she told Sun.Star Davao during the formal opening of the company’s first satellite office at the third level of SM City Davao on Saturday.
Lu said Greenwoods, which will rise in the newly-acquired 16-hectare property in Mintal, will have 650 units, a mixture of the company’s Classic and Deluxe house-and-lot package.
For Plantacion, it will be the company’s first residential project in the northern part of the city. Located in a 48-hectare property in Mandug in Buhangin District, this development project is looking at all segments of the market as it offers the company’s three product brands -- the Classic, Deluxe and the Premier.
At least 2,000 housing units will be constructed under this project, which is a joint venture between Kisan Lu and another citybased developer Mallow Realty.
“We are pouring in an investment of P1 billion for Greenwoods and more than P2 billion for Plantacion,” Lu said.
Andrew Bautista, KLLI sales director, assured both residential developments carry the same features as other Kisan Lu projects in the city.
“Both projects are gated and fenced, each equipped with multi-purpose center with swimming pool and ball courts, open spaces and pavements,” he said.
Bautista was also proud of the projects’ affordability, adding that even those who are about to start a family can now afford to buy a house they can call their own.
“For only P2,900 monthly, you can own a Classic unit in these projects,” he said.
He added they have reclassified their branding to make it “more glamorous” and attractive to prospective clients.
“Instead of calling it ‘low-cost’, we now call our lower-end brand as Classic, and Deluxe and Premier for our mid-end and high-end brands, respectively,” Bautista said.
Lu also assured that these new development projects, like all other Kisan Lu projects, will be transformed into a thriving community that each homeowner can be proud of.
“We put passion in all our projects. We have a team of architects to make sure the design and every detail of the project is strictly followed. We have our own contractor to ensure the quality of each structure,” she said.
Meanwhile, to provide convenience to its growing clientele, Kisan Lu set up its first satellite office at SM City Davao. It is located beside the regional office of the Department of Foreign Affairs at the third level of the mall.
“Since most of our projects are in the south, we want to make it easier for our clients to do business with us. They don’t have to go to our main office on San Pedro street in the downtown area to inquire or pay their bills. This office will cater to all their needs,” Bautista said. “We want them to be more comfortable when doing transactions with us.”