CEBU, Philippines - Fresh from the success of its first residential property development, Grand Residences, Grand Land Inc. now focuses on building its middle-income horizontal housing projects around Metro Cebu.
Grand Land, the residential property development arm of the Gaisano Grand Group, will commence work on its three subdivision projects called City Homes which will provide a total of 289 home units in three different areas in Metro Cebu.
The group is spending over P400 million for the three City Homes subdivisions in Mactan Island, Mandaue City and Minglanilla.
Grand Land president Ryan Go announced yesterday in a press conference that the projects will be built simultaneously and will be delivered to owners in the next two years.
The subdivisions are all targeted to the middle-income market with house prices ranging from P1.9 million to P2.7 million.
City Homes Mactan, which will be built in Barangay Basak, Lapu-Lapu City, will provide a total of 105 townhouse designed units.
The Mandaue City Homes, which is now 30 percent sold, will have 75 cluster townhouse units pegged between P2.2 million to P2.7 million.
City Homes Minglanilla, the largest of the three subdivisions, will be built on a three-hectare property and will have 112 single detached units.
Go revealed that the company is looking at expanding its operations in Cebu by putting up more residential projects, and entering Davao through another condominium project.
Grand Land launched its flagship project the Grand Residences in Banilad, Cebu City and had its formal ground breaking ceremony yesterday.
Gaisano Grand Group, founded by Benito Sy Gaisano, the CCCI awardee for Entrepreneur of the Year 2010, has many business interests that include several supermarkets, department stores, malls, hotels, real estate companies, and other allied businesses.
The Gaisano Grand Malls, its major retail business currently operates 18 malls in several cities and provinces in the country.
Gaisano Group of Companies is one of the leading employers in the Visayas and Mindanao, with more than 10,000 employees nationwide. The group is a trusted household name and has been the recipient of numerous awards from local governments and other business award-giving groups. (FREEMAN)