Pri­land ear­marks P2.6 B for Mac­tan condo project

The Freeman - - BUSINESS - — Carlo S. Loren­ciana

Pri­land De­vel­op­ment Corp. is bet­ting big on Mac­tan Is­land's eco­nomic rise as it launches a new con­do­minium project in Cebu's prime tourist desti­na­tion.

On Thurs­day, the prop­erty com­pany un­veiled its Paseo Grove project in Lapu-Lapu City, sched­uled to start con­struc­tion by 2020.

The six-tower project will be de­vel­oped in three phases as the com­pany tar­gets its full com­ple­tion by 2026.

Com­pany pres­i­dent Ra­mon Carlo Yap dis­closed in a press con­fer­ence the de­vel­oper is pour­ing in a P2.6-bil­lion in­vest­ment into the project.

Yap said the project is in close prox­im­ity of ma­jor es­tab­lish­ments and thor­ough­fares in the city.

In par­tic­u­lar, the condo project is me­ters away from the Mac­tan Ex­port Pro­cess­ing Zone 2, The Out­lets at Pue­blo Verde, the Cebu Light In­dus­trial Park and the Mac­tan-Cebu In­ter­na­tional Air­port, mak­ing it an ideal home base for busy in­di­vid­u­als and fre­quent trav­el­ers.

Yap noted they are tar­get­ing the hous­ing needs of those work­ing in nearby eco­nomic zones.

A to­tal of six tow­ers will be built on the one-hectare site of Paseo Grove, and unit types will range from Stu­dio Units to 2-bed­room Units.

It will have a to­tal of 2,100 units once fully com­pleted by 2026 but the first tower, which is eyed for com­ple­tion by 2021, will have 371 units.

Ameni­ties will in­clude swim­ming pools, a gym, day­care cen­ter, parks and gar­dens, mul­ti­pur­pose rooms and re­tail ar­eas.

Pri­land is also de­vel­op­ing two other hor­i­zon­tal projects in Mac­tan.

"We want to bring the houses of these work­ers closer to their work­place as traf­fic is be­com­ing worst," Yap said.

"We re­ally see the eco­nomic boom in Mac­tan," the com­pany ex­ec­u­tive said.

CLARK Y. PANUGALINOG, USJ-R IN­TERN

Pri­land pres­i­dent Ra­mon Carlo Yap dis­closed in a press con­fer­ence the de­vel­oper is pour­ing in a P2.6-bil­lion in­vest­ment into the project. The com­pany is tar­get­ing the hous­ing needs of those work­ing in nearby eco­nomic zones.

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.