AboitizLand builds a posh resort residential project in Canduman

CEBU, Philippines - Aside from its plan to expand existing residential projects within Metro Cebu, Aboitiz Land Inc. has announced the establishment of posh mixed-use resort residential development in the northern part of Cebu.

This new project, which will be located in Canduman area, will have 12 medium rise buildings composed of a total of 1,064 chic residential condominium units.

AboitizLand Inc. vice president for marketing and sales Manuel U. Arbues II said that the four-hectare property in Canduman will be transformed into a paradise-like environment, with big open green spaces will be allocated to give way for a total wellness and healthy environment among residents.

The company is planning to launch this project by the third quarter of this year. The construction of this big project will have a separate budget, on top of the allocated P1.2 billion capital expenditure (capex) that the company will pour for expansion of its existing residential projects.

Because of the good perception of all Aboitiz Land’s developed residential projects in different parts of Metro Cebu, Arbues said that the company is on an active lookout for further project developments in the next few years.

He mentioned that further expansion for its subdivision project Kishanta is underway. Kishanta is the first residential project of AboitizLand in the southern part of Cebu, located on the hills of Lagtang, Talisay City.

He said the demand for house and lot packages in Cebu, especially for good locations like “over-looking” landscapes, is getting much stronger now. Introduced about four years ago, Kishanta’s total 600 lot-only and house and lot packages are almost sold out.

Also, the near-beach residential project of the company named “Ajoya” located in Cordova, Mactan Island, is also selling actively, he reported.

At present, the horizontal construction of the facilities and subdivision’s infrastructure is over 90 percent done, and that Aboitiz Land targets to turn over the sold units to owners by third or fourth quarter this year.

Expansion plans will also be started in the company’s other projects such as the Persimmon condominiums in Mabolo area.

At present, the company is working at building its third tower, to accommodate more interested condominium buyers.

Moreover, the town-house project of the high-end Pristina North, called Pristina North Residences will be introduced this month.

Aside from the wide array of residential projects, AboitizLand is also on the works to build an integrated development that will attract the commercial market, specifically the Business Process Outsourcing (BPO) sector. (FREEMAN)