Sunday, April 15, 2012

Firm Invests In Luxurious Residences

TALAMBAN, Cebu  City – The increasing demand for high-end residential developments in Cebu has pushed a real estate developer here to launch its third luxurious residential project, with a development of some P3 billion.
Aboitizland Inc. introduced to the local market the Priveya Hills, a 59.25-hectare development located on the hills of Bacayan in Talamban, Cebu City.
According to Aboitizland Inc. President Andoni Aboitiz, the multi-billion peso project is a five-phase masterplan, where each phase is launched every two years.
Since Cebu’s real estate movement is dominated by the construction of residential condominiums and middle-range house and lot packages, Aboitiz said the need to develop high-end residential projects has been overlooked by many developers, when in fact many residential buyers are willing to invest on house and lot projects. (Malou M. Mozo)

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