Villar housing units seek BOI incentives

Two housing units of the illar roup are see ing ta per s from the Board of In vestments B I for projects in ue on ity and the province of Batangas.

In a published notice, the agency said ista esidences Inc. is applying for registra tion with the B I as e panding developer of low cost mass housing project The ine rest with a total capacity of low cost mass housing units on a non pioneer status with project site located at urora Blvd. cor. Balete rive, ue on ity.

The project, which occupies an , s uare meter s m property, is composed of three low rise structures offering studio units, combined studio units and three bedroom units.

It provides easy access to top schools, hospitals, dining and entertainment hubs and various lifestyle centers.

The B I said ommunities Batangas Inc. has also filed an application to register with the agency as e panding developer of low cost mass housing project ine rove on a non pioneer status.

The project, which has a total capacity of low cost mass housing units, is located in ipa ity, Batangas.

The two firms could enjoy incentives such as e emption from payment of income ta for their projects when their applications are approved by the B I.

The B I provides incentives to firms which invest in ac tivities listed in the Investment riorities lan I .

The I has listed mass housing as a preferred activity.

ista esidences and om munities Batangas are both subsidiaries of ista and and ifescapes, Inc., the holding firm for the real estate busi nesses of the illar family.

ista esidences is ista and’s condominium arm.