The Padgett Place Cebu: Investment grade condo

CEBU, Philippines - Among the features that the property developer boasts of its flagship project which it claimed to be an “investment grade” condominium, Cebu Green Peaks Development recently announced the latest leisure upgrade of The Padgett Place Cebu in response to the lifestyle and recreational demand of the real estate market.

With the bullish outlook of local and foreign investors about Cebu as an investment hub and leisure destination, Ceniza said that the company considers The Padgett Place Cebu as an “investment grade” condominium given the features of the 26-storey tower project that entice real estate investors.

The Padgett Place Cebu is a 191-unit condominium project that sits on one-third of the 3500 square meter-property in Lahug, Cebu City.

Ceniza said that the project, which is composed of only one tower with 191 units, boasts of its low density and higher resale value.

She also cited that the structure is designed for earthquake resistance with the strength of 8,000 pounds per square inch (psi) that exceeds twice the standard strength of buildings at 3,000 to 4,000 psi.

She added that for the safety of residents, its master deed of restrictions does not allow LPG brought into the unit nor do we have gas pipes running across the building.

“Our construction did not compromise on the structure by using pre-fabricated walls as almost all condos today do. We also offer 100% generator back-up and made sure that given our elevation from the street level, our homeowners will not have to worry about floods at The Padgett Place Cebu,” she continued.

Given such features, she noted that they are bullish to attract the market of expats and business owners who are in search of a worthy investment in the real estate market. Aside from a guaranteed rental income program, the company also offers condo unit management services to assist these investors.

She said that the company is currently on track of its schedule to turn over the units of the condominium project by the third quarter of next year. She added that that The Padgett Place Cebu is 50 percent sold to date.

Ceniza further announced that the island’s first leisure condominium, as the company describes The Padgett Place Cebu, will provide its investors of premium units the certificate of playing rights to the soon-to-be-finished Liloan Golf and Country Club and other privileges to use the world-class Duros Mountain Resort and Leisure Estate located at San Roque, Liloan.

The Liloan Golf and Country Club, Ceniza said, is an internationally-standard 18-hole executive golf course that will soon be playable by 2015. The Duros Mountain Resort and Golf Club, on the other hand, is the 130-hectare innovative development of the Duros Land.

Other amenities of The Padgett Place Cebu include the skyview lounge at the top of this 26-storey tower, the club west where locals can hang-out, and a raintree deck with the backdrop of a 100-year old acacia tree for outdoor parties.

The company has signed up with the Colliers Group, an international property management firm, for the building maintenance and condominium operation management.

Ceniza revealed that along with the progress of the developments in the Liloan town, they will also soon announce the specialized hotel and investment management team created within the Duros Group of Companies.

The Duros Land and Cebu Green Peaks are both subsidiaries of the Duros Group of Companies, a family business that is chaired by Lito Barino.

Other business ventures of the Duros Group of Companies are into industrial trading, education, service and mining. /JOB (FREEMAN)